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<br /> CITY OF LA PORTE, TEXAS
<br /> La Porte Area Water Authority 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 $ 1,268,916 $ 600,909 $ (668,007) 47.36% $ 474,936 41.93%
<br />Operating expenses:
<br />Supplies 300 300 0.00% 0.00%
<br />Other services and charges 1,571,356 276,033 1,295,323 17.57% 414,172 25.33%
<br />Total operating expenses 1,571,656 276,033 1,295,623 17.56% 414,172 25.30%
<br />Operating income (302,740) 324,876 627,616 60,764
<br />Nonoperating revenues (expenses):
<br />Interest income 76,000 41 ,348 (34,652) 54.41% 30,997 77.49%
<br />Debt Service Billings 760,700 316,959 (443,741) 41.67% 321,549 41.67%
<br />Debt Service Principal and Interest (760,700) (616,963) 143,737 81.10% (614,756) 79.66%
<br />Income before contributions and transfers (226,740) 66,220 292,960 (201 ,446)
<br />Transfers in 0.00% 0.00%
<br />Transfers out (59,454) (29,727) 29,727 50.00% (27,801 ) 48.98%
<br />Change in net assets (286,194 ) 36,493 322,687 (229,247)
<br />Net assets - beginning of the year (pre-audit) 5,504,789 5,504,789 5,212,378
<br />Net assets - end of the year $ 5,218,595 $ 5,541,282 $ 322,687 $ 4,983,131
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<br />P3
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