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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, 2010
<br /> Business -type Activities –
<br /> Enterprise Funds
<br /> La Porte Area Other
<br /> Utility Water Authority Funds
<br /> Operating revenues:
<br /> User fees $ 7,810,291 $ 929,497 $ 1,055,450
<br /> Operating expenses:
<br /> Personal services 3,075,553 - 948,532
<br /> Supplies 227,140 14,761 188,272
<br /> Other services and charges 3,211,650 903,420 233,051
<br /> Depreciation 1,799,710 461,171 296,282
<br /> Total operating expenses 8,314,053 1,379,352 1,666,137
<br /> Operating income (loss) (503,762) (449,855) (610,687)
<br /> Nonoperating revenues (expenses):
<br /> Interest income 12,003 25,186 1,889
<br /> Interest expense and fiscal charges (128,126) (156,871) -
<br /> Gain on sale of assets - - -
<br /> Total nonoperating revenue (expenses) (116,123) (131,685) 1,889
<br /> Income (loss) before contributions
<br /> and transfers (619,885) (581,540) (608,798)
<br /> Capital contributions 1,852,377 860,304 45,059
<br /> Transfers in - - 53,000
<br /> Transfers out (604,808) (61,576) (283,620)
<br /> Change in net assets 627,684 217,188 (794,359)
<br /> Total net assets — beginning 31,370,488 6,407,496 6
<br /> Total net assets —ending $ 31 $ 6 $ 5
<br /> See accompanying notes to basic financial statements.
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