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<br />LA PORTE AREA WATER AUTHORITY
<br />
<br />SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
<br />WORKING CAPITAL - BUDGET AND ACTUAL - NON-GAAP PRESENTATION
<br />
<br />YEAR ENDED SEPTEMBER 30, 2007
<br />
<br /> Variance
<br /> Favorable
<br /> Budget Actual (Unfavorable)
<br />REVENUES
<br />Water revenue billing $ 1,182,342 $ 1,035,062 $( 147,280)
<br />Debt billing 760,700 300,701 ( 459,999)
<br />Capital recovery billing 86,574 86,305 ( 269)
<br />Interest earnings 76,000 110,364 34,364
<br />Total revenues 2,105,616 1,532,432 ( 573,184)
<br />EXPENDITURES
<br />Current:
<br />Supplies 300 215 85
<br />Services and charges 96,058 80,344 15,714
<br />Water 919,752 700,831 218,921
<br />Debt service 760,700 299,598 461,102
<br />Capital improvements 615,000 615,000
<br />Total expenditures 2,391,810 1,080,988 1,310,822
<br />REVENUES OVER (UNDER)
<br />EXPENDITURES ( 286,194) 451,444 737,638
<br />WORKING CAPITAL, BEGINNING 1,626,387 1,626,387
<br />WORKING CAPITAL, ENDING $ 1,340,193 $ 2,077,831 $ 737,638
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