<br /> CITY OF LA PORTE, TEXAS
<br /> Utility Fund
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />For the Sixth Month Ended March 31, 2007 with Comparative Data for the Prior Year
<br /> 50% of Year Lapsed
<br /> (Unaudited)
<br /> Current Year Prior Year
<br /> Actual Percent of Actual Percent of
<br /> Budget Year to Date Variance Budget Year to Date Budget
<br />Operating Revenues:
<br />User fees $ 7.618.111 $ 3,168,075 $ (4,450,036) 41.59% $ 3,336,425 50.44%
<br />Operating expenses:
<br />Personal services 2,513,411 1,140.277 118,945 41.57% 1 ,168,436 47.04%
<br />Supplies 203,560 84,615 118,945 41.57% 97,851 47.25%
<br />Other services and charges 4,434,938 1,610,866 2,824,072 36.32% 2,168,001 33.18%
<br />Total operating expenses 7,151,909 2.835,758 3,061,962 39.65% 3,434,288 37.22%
<br />Operating income 466,202 332,317 (1,388,074) (97,863)
<br />Nonoperating revenues (expenses):
<br />Interest income 194,500 106,996 (87,504 ) 55.01 % 84,286 79.82%
<br />Bond Proceeds 0.00% 0.00%
<br />Debt Service Principal and Interest (494,328) (445,803) 48,525 90.18% (284,588) 0.00%
<br />Income before contributions and transfers 166,374 (6,490) (1,427,053) (298,165)
<br />Transfers in 754.524 404,524 (350,000) 53.61 % 3.151,281 369.62%
<br />Transfers out (1,276,065) (638,033) 638,032 50.00% (3,367,850) 264.54%
<br />Change in net assets (355,167) (239,999) (1,139.021 ) (514.734)
<br />Net assets - beginning of the year (pre-audit) 21,520,711 21,520,711 20,500,450
<br />Net assets - end of the year $ 21,165,544 $ 21,280,712 $ (1,139,021 ) $ 19,985,716
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<br />P2
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