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City of Paris, Texas Statement 8
<br />Statement of Revenues, Expenses and Changes in Fund Net Assets
<br />Proprietary Funds
<br />For the Year Ended September 30, 2007
<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 $ 7,256,997 $ 7,539,449
<br />Sewer Charges and Taps 4,711,135 4,886,837
<br />Sanitation Billing Fees 68,611 69,006
<br />Service Charges 67,910 60,830
<br />Industrial Surcharges 122,719 133,474
<br />Miscellaneous 132,144 189,996
<br />Total Operating Revenues - 12,359,516 12,879,592
<br />Operating Expenses:
<br />Personnel 2,878,197 2,796,134
<br />Supplies 812,232 838,846
<br />Contractual 1,896,632 2,171,488
<br />Maintenance 527,943 415,661
<br />Sundry Charges 419,164 330,274
<br />Other 79,763 113,429
<br />Depreciaton 2,911,156 2,798,751
<br />Total Operating Expenses 9,525,087 9,464,583
<br />Operating Income 2,834,429 3,415,009
<br />Non-operating Income (Expense):
<br />Investment Earnings 367,601 284,899
<br />Contribution Income - 32,600
<br />Interest Expense -Revenue Bonds (1,195,694) (1,322,300)
<br />Amortization of Bond Issue Expense (100,475) (107,378)
<br />Bank Charges (4,909) (4,910)
<br />Amortization of Water Rights (13,663) (13,663)
<br />Net Non-operating Income (Expense) (947,140) (1,130,752)
<br />Income (Loss) Before Operating Transfers 1,887,289 2,284,257
<br />Transfers Out (1,100,000) (1,090,000)
<br />Changes in Net Assets 787,289 1,194,257
<br />Total Net Assets -Beginning 32,737,336 31,543,079
<br />Total Net Assets -Ending $ 33,524,625 - $ 32,737,336
<br />The accompanying notes to the financial statements are an integral part of this statement.
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