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Draft 2-4-2014
<br />LA PORTE AREA WATER AUTHORITY
<br />SCHEDULE OF REVENUES AND EXPENSES -
<br />BUDGET AND ACTUAL - (BUDGETARY BASIS)
<br />Year Ended September 30, 2013
<br />Actual
<br />(Budgetary Variance Over
<br />Original BudgetFinal BudgetBasis)(Under)
<br />Revenues
<br />Water revenue billing 1,129,423$ 1,129,423$ 1,213,334$ 83,911$
<br />Total Revenues 1,129,4231,129,423 1,213,334 83,911
<br />Operating Expenses
<br />Supplies8,2008,2008,090110
<br />Purchased water1,055,4641,055,464999,64755,817
<br />Other services and charges132,096132,09695,10636,990
<br />Depreciation- - 464,999(464,999)
<br />Total Operating Expenses 1,195,7601,195,760 1,567,842 (372,082)
<br />Operating Income (Loss)
<br /> (66,337)(66,337) (354,508) (288,171)
<br />Nonoperating Revenues (Expenses)
<br />Interest income5,0005,0004,362 (638)
<br />Interest expense and fiscal charges(73,556) (73,556) (53,566) 19,990
<br />Total Nonoperating Revenues (Expenses) (68,556)(68,556) (49,204) 19,352
<br />Income (Loss) Before Contributions and Transfers (134,893)(134,893) (403,712) (268,819)
<br />Capital Contributions794,683794,683793,854 (829)
<br />Change in Net Position659,790 659,790 390,142 (269,648)
<br />Net Position - Beginning 7,156,2497,156,249 7,156,249
<br />Prior Period Adjustment (49,057)(49,057) (49,057)
<br />Net Position - Beginning, as Restated 7,107,1927,107,192 7,107,192 (269,648)
<br />Total Net Position- Ending$ 7,766,9827,766,982$ 7,497,334$ (539,296)$
<br />See Accompanying Auditor’s Report.
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