|
<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, 2008
<br /> Business-type Activities-
<br /> Enterprise Funds
<br /> La Porte Area Other
<br /> Utility Water Authority Funds
<br />Operating revenues:
<br />User fees $ 8,816,946 $ 985,972 $1,257,803
<br />Operating expenses:
<br />Personal services 2,587,510 1,018,050
<br />Supplies 224,821 46 188,890
<br />Other services and charges 2,841,166 769,756 248,203
<br />Depreciation 1,558,261 451,689 288,150
<br />Total operating expenses 7,211,758 1,221,491 1,743,293
<br />Operating income (loss) 1,605,188 (235,519) (485,490)
<br />Nonoperating revenues (expenses):
<br />Interest income 99,831 77,870 21,359
<br />Interest expense and fiscal charges (172,399) (272,369)
<br />Gain (loss) on sale of equipment
<br />Total nonoperating revenue (expenses) (72,568) (194,499) 21,359
<br />Income (loss) before contributions
<br />and transfers 1,532,620 (430,018) (464,131)
<br />Capital contributions 860,388 1,477,242
<br />Transfers in 4,529,001 134,499
<br />Transfers out (1,035,369) (61,478) (33,717)
<br />Change in net assets 5,026,252 368,892 1,113,893
<br />Total net assets-beginning 23,606,399 5,805,557 5,549,611
<br />Total net assets-ending $ 28,632,651 $ 6,174,449 $ 6,663,504
<br />
<br />See accompanying notes to basic financial statements.
<br />40
<br />
|