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Draft 2-4-2014 <br />LA PORTE AREA WATER AUTHORITY <br />EXHIBIT B-1 <br />STATEMENT OF NET POSITION <br />September 30, 2013 <br />Assets <br />Current assets: <br /> Cash $ 897,753 <br /> Investments1,349,654 <br />Accounts receivable, net of allowance for doubtful accounts <br />171,414 <br />Accrued interest receivable <br />1,136 <br />Restricted assets: <br />Restricted cash and temporary investments685,878 <br />Total current assets <br /> 3,105,835 <br />Noncurrent assets: <br />Water production and distribution system15,435,810 <br />Less: accumulated depreciation(8,625,984) <br />Total noncurrent assets <br /> 6,809,826 <br />Total Assets <br />$ 9,915,661 <br />Liabilities <br />Current liabilities: <br /> Accounts payable$ 78,618 <br /> Current liabilities (payable from restricted assets): <br /> Current portion of revenue bonds630,000 <br /> Accrued interest2,772 <br />Total current liabilities <br /> 711,390 <br />Noncurrent liabilities <br /> Revenue bond, net of current portion1,699,862 <br />Total Liabilities <br /> 2,411,252 <br />Deferred Inflows of Resources <br /> Deferred gain on refunding 7,075 <br />Total deferred inflows of resources <br /> 7,075 <br />Net Position <br />Net investment in capital assets 4,479,964 <br />Restricted for debt service 1,147,160 <br />Unrestricted1,870,210 <br />Total net position <br />$ 7,497,334 <br />See Notes to the Financial Statements. <br />10 <br /> <br />