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<br />
<br />
<br /> City of Paris, Texas Statement 8
<br /> Stat ment of Revenues, Expenses and Changes in Fund Net Assets
<br /> Proprietary Funds
<br /> For the Year Ended September 30, 2009
<br />
<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 Service :
<br /> Water Sales and Taps $ 7,745,873 $ 7,641,122
<br /> Sewer Charges and Taps 5,172,748 4,714,273
<br /> Sanitation Billing Fees 67,947 68,304
<br /> Service Charges 163,181 180,081
<br /> Industrial Surcharges 198,029 169,018
<br /> Miscellaneous 268,935 239,455
<br /> Total Operating Revenu s 13,616,713 13,012,253
<br /> Operating Expenses:
<br /> Personnel 2,892,699 2,907,442
<br /> Supplies 1,504,328 922,038
<br /> Contractual 2,092,137 2,096,829
<br /> Maintenance 367,845 492,070
<br /> Sundry Charges 308,698 389,605
<br /> Other 78,567 65,551
<br /> Depreciaton 2,928,750 2,902,977
<br /> Total Operating Expens s 10,173,024 9,776,512
<br /> Operating Income 3,443,689 3,235,741
<br />
<br /> Non-Operating Income (Expense):
<br /> Investment Earnings 212,479 309,586
<br /> Interest Expense - Revenue Bonds (919,584) (1,073,116)
<br /> Amortization of Bond Issue Expense (84,589) (93,093)
<br /> Bank Charges (6,610) (2,910)
<br /> Amortization of Water Right (13,663) (13,663)
<br /> Net Non-Operating Inc me (Expense) (811,967) (873,196)
<br />
<br /> Income (Loss) Before Capital Contributions
<br /> and Transfers 2,631,722 2,362,545
<br />
<br /> Capital Contributions 628,090 196,052
<br /> Transfers In 263,749 -
<br /> Transfers Out (1,166,448) (1,100,000)
<br />
<br /> Changes in Net Assets 2,357,113 1,458,597
<br />
<br /> Total Net Assets - Beginning 34,983,222 33,524,625
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<br /> Total Net Assets - Ending $ 37,340,335 $ 34,983,222
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<br /> The accompanying notes to th financial statements are an integral part of this statement.
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