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<br /> CITY OF LA PORTE, TEXAS
<br /> Golf Course 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 $ 1,103,500 $ 426,194 $ (677,306) 38.62% $ 490,698 40.22%
<br />Operating expenses:
<br />Personal services 782,814 376,416 406,398 48.08% 384,710 47.42%
<br />Supplies 186,600 107,166 79,434 57.43% 70,443 48.03%
<br />Other services and charges 215,418 80,381 135,037 37.31% 86,503 33.92%
<br />Total operating expenses 1,184,832 563,963 620,869 47.60% 541,656 44.65%
<br />Operating income (81,332) (137,769) (56,437) (50,958)
<br />Nonoperating revenues (expenses):
<br />Interest income 0.00% 0.00%
<br />Income before contributions and transfers (81,332) (137,769) (56,437) (50,958)
<br />Transfers in 110,279 65,279 (45,000) 59.19% 17,500 50.00%
<br />Transfers out (28,947) (14,474) 14,473 50.00% (16,726) 58.13%
<br />Change in net assets (86,964) (86,964) (50,184)
<br />Net assets - beginning of the year (pre-audit) 2,951,708 2,951,708 2,926,580
<br />Net assets - end of the year $ 2,951,708 $ 2,864,744 $ (86,964) $ 2,876,396
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<br />P4
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