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<br />City of Paris, Texas
<br />Statement of Revenues, Expenses and Changes in Fund Net Assets
<br />Proprietary Funds
<br />F or the Year Ended September 30, 2006 ,
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<br />Statement 8
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<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 $ 7,539,449 $ 7,069,193
<br />Sewer Charges and Taps 4,886,837 4,670,660
<br />Sanitation Billing Fees 69,006 69,700
<br />Service Charges 60,830 55,759
<br />Industrial Surcharges 133,474 161,330
<br />Miscellaneous 189,996 134,209
<br />Total Operating Revenues 12,879,592 12,160,851
<br />Operating Expenses:
<br />Personnel 2,796,134 2,889,098
<br />Supplies 838,846 746,722
<br />Contractual 2,171,488 1,642,986
<br />Maintenance 415,661 273,718
<br />Sundry Charges 330,274 237,839
<br />Other 113,429 132,997
<br />Depreciaton 2,798,751 3,050,824
<br />Total Operating Expenses 9,464,583 8,974,184
<br />Operating Income 3,415,009 3,186,667
<br />Non-operating Income (Expense):
<br />Investment Earnings 284,899 70,730
<br />Contribution Income 32,600 602, III
<br />Interest Expense. Revenue Bonds (1,322,300) (1,399,554)
<br />Amortization of Bond Issue Expense (107,378) (112,930)
<br />Bank Charges (4,910) ( 6,828)
<br />Loss on Abandonment of Assets (47,351 )
<br />Amortization of Water Rights (13,663) (13,663)
<br />Net Non-operating Income (Expense) (1,130,752) (907,485)
<br />Income (Loss) Before Operating Transfers 2,284,257 2,279,182
<br />Transfers In 434,445
<br />Transfers Out (1,090,000) (5,023,042)
<br />Changes in Net Assets 1,194,257 (2,309,415)
<br />Total Net Assets - Beginning 31,543,079 33,852,494 .
<br />Total Net Assets - Ending $ 32,737,336 $ 31,543,079
<br />The accompanying notes to the [mancial statements are an integral part of this statement.
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