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i • <br /> CITY OF LA PORTE SCHEDULE E-2 <br /> AIRPORT FUND <br /> STATEMENT OF REVENUES, EXPENSES AND <br /> CHANGES IN RETAINED EARNINGS <br /> SEPTEMBER 30, 1980 <br /> OPERATING REVENUES: <br /> Airport Income $ 11,072 <br /> TOTAL OPERATING REVENUES $ 11,072 <br /> OPERATING EXPENSES: <br /> Bond Interest $ 1,013 <br /> Depreciation 31,620 <br /> TOTAL OPERATING EXPENSES $ 32,633 <br /> OPERATING INCOME (21,561) <br /> NON-OPERATING REVENUES: <br /> Interest $ 2,123 <br /> Grants 68,433 <br /> TOTAL NON-OPERATING REVENUES $ 70,556 <br /> NET INCOME $ 48,995 <br />• <br /> RETAINED EARNINGS/October 1, 1979 375,278 <br /> INCREASE IN RESERVE: <br />_ Increase in Reserve for Interest and Sinking Fund (4,870) <br /> RETAINED EARNINGS, SEPTEMBER 30, 1980 ~ 419,403 <br />• <br />(The accompanying notes are an integral part of these statements.) <br />