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<br />City of Paris, Texas
<br />Statement of Revenues, Expenses and Changes in Fund Net Assets
<br />Proprietary Funds
<br />For the Year Ended September 30,2005
<br />
<br />Statement 8
<br />
<br /> Water and Sewer Water and Sewer
<br /> Enterprise Fund Enterprise Fund
<br /> Current Year Prior Year
<br />Operating Revenues:
<br />Charges for Sales and Services:
<br />Water Sales and Taps $ 7,069,193 $ 6,158,999
<br />Sewer Charges and Taps 4,670,660 4,293,315
<br />Sanitation Billing Fees 69,700 70,844
<br />Service Charges 55,759 62,011
<br />Industrial Surcharges 161,330 137,014
<br />Miscellaneous 134,209 207,679
<br />Total Operating Revenues 12,160,851 10,929,862
<br />Operating Expenses:
<br />Personnel 2,889,098 3,054,655
<br />Supplies 746,722 689,692
<br />Contractual 1,642,986 1,253,184
<br />Maintenance 273,718 359,189
<br />Sundry Charges 237,839 311,598
<br />Other 132,997 122,942
<br />Depreciaton 3,050,824 2,798,082
<br />Total Operating Expenses 8,974,184 8,589,342
<br />Operating Income 3,186,667 2,340,520
<br />Non-operating Income (Expense):
<br />Investment Earnings 70,730 191,576
<br />Contribution Income 602,111 593,660
<br />Interest Expense - Revenue Bonds (1,399,554) (1,264,725)
<br />Amortization of Bond Issue Expense (112,930) (116,125)
<br />Bank Charges (6,828) (2,722)
<br />Loss on Abandonment of Assets (47,351) (10,839)
<br />Amortization of Water Rights (13,663) (13,663)
<br />Net Non-operating Income (Expense) (907,485) ( 622,838)
<br />Income (Loss) Before Operating Transfers 2,279,182 1,717,682
<br />Transfers In 434,445 58,003
<br />Transfers Out (5,023,042) (1,293,457)
<br />Changes in Net Assets (2,309,415) 482,228
<br />Special Item (408,088)
<br />Total Net Assets - Beginning 33,852,494 33,778,354
<br />Total Net Assets - Ending $ 31,543,079 $ 33,852,494
<br />The accompanying notes to the fmancial statements are an integral part of this statement.
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