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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, 2011
<br />Water and Sewer
<br />Water and Sewer
<br />Enterprise Fund
<br />Enterprise Fund
<br />Current Year
<br />Prior Year
<br />Operating Revenues:
<br />Charges for Sales and Services:
<br />Water Sales and Taps
<br />$ 8,336,146
<br />$ 8,072,440
<br />Sewer Charges and Taps
<br />4,951,015
<br />4,968,912
<br />Sanitation Billing Fees
<br />77,296
<br />69,729
<br />Service Charges
<br />164,094
<br />162,454
<br />Industrial Surcharges
<br />94,369
<br />210,511
<br />Miscellaneous
<br />175,217
<br />166,440
<br />Total Operating Revenues
<br />13,798,137
<br />13,650,486
<br />Operating Expenses:
<br />Personnel
<br />3,030,918
<br />3,040,784
<br />Supplies
<br />1,123,279
<br />962,988
<br />Contractual
<br />2,024,526
<br />1,808,652
<br />Maintenance
<br />550,199
<br />529,452
<br />Sundry Charges
<br />430,558
<br />345,671
<br />Other
<br />42,386
<br />45,252
<br />Depreciaton
<br />3,045,371
<br />3,002,136
<br />Total Operating Expenses
<br />10,247,237
<br />9,734,935
<br />Operating Income
<br />3,550,900
<br />3,915,551
<br />Non-Operating Income (Expense):
<br />Investment Earnings
<br />162,374
<br />103,220
<br />Interest Expense - Revenue and General Obligation Bonds
<br />(340,226)
<br />(629,957)
<br />Amortization of Bond Issue Expense
<br />(164,499)
<br />(76,916)
<br />Bank Charges
<br />-
<br />(1,000)
<br />Amortization of Water Rights
<br />(34,807)
<br />(13,667)
<br />Amortization of Bond Premium
<br />92,406
<br />32,532
<br />Intergovernmental Revenue
<br />395,144
<br />728,317
<br />Net Non-Operating Income (Expense)
<br />110,392
<br />142,529
<br />Income (Loss) Before Capital Contributions and Transfers
<br />3,661,292
<br />4,058,080
<br />Capital Contributions
<br />39,356
<br />-
<br />Transfers In
<br />375,120
<br />1,873,035
<br />Transfers Out
<br />(1,140,000)
<br />(2,935,174)
<br />Changes in Net Assets
<br />2,935,768
<br />2,995,941
<br />Total Net Assets - Beginning
<br />40,336,276
<br />37,340,335
<br />Total Net Assets - Ending
<br />$ 43,272,044
<br />$ 40,336,276
<br />The accompanying notes to the financial statements are an integral part of this statement.
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