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<br />CITY OF LA PORTE, TEXAS
<br />Statement of Revenues, Expenses and Changes in Fund Net Assets
<br />Proprietary Funds
<br />For The Year Ended September 30, 2006
<br />
<br /> Business-type Activities -
<br /> Enterprise Funds
<br /> Other
<br /> La Porte Area Proprietary
<br /> Utility Water Authority Funds
<br />Operating revenues:
<br />User fees $ 7,207,376 $ 1,079,126 $1,160,634
<br />Operating expenses:
<br />Personal services 2,369,805 944,256
<br />Supplies 200,153 42 135,702
<br />Other services and charges 2,819,825 1,033,491 271,404
<br />Depreciation 1,446,996 441,913 270,859
<br />Total operating expenses 6,836,779 1,475,446 1,622,221
<br />Operating income (loss) 370,597 (396,320) (461,587)
<br />Nonoperating revenues (expenses):
<br />Interest income 230,640 44,081 25,378
<br />Interest expense and fiscal charges (175,495) (325,653)
<br />Gain (loss) on sale of equipment (7,279) (8,804)
<br />Total nonoperating revenue (expenses) 47,866 (281,572) 16,574
<br />Income (loss) before contributions
<br />and transfers 418,463 (677,892) (445,013)
<br />Capital contributions 3,493,771 858,292
<br />Transfers in 3,084,361 241,000
<br />Transfers out (3,504,891 ) (56,755) (33,232)
<br />Change in net assets 3,491 J04 123,645 (237,245)
<br />Total net assets-beginning 20,500,450 5,212,379 5,549,115
<br />Total net assets-€nding $ 23,992,154 $ 5,336,024 $ 5,311,870
<br />See accompanying notes to basic financial statements.
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