Details for Financial

Ad 56913

In accordance with TCA 7-82-401(d), Persia Utility District is providing this financial information.
This information is for the year ended June 30, 2021.
Condensed Statement of Net Position (Unaudited)

Unrestricted current assets
Restricted current assets
Non-current assets
Other assets
Total assets

$

$

Condensed Statement of Revenues, Expenses and Changes in Net
Position (Unaudited)

3,045,897
4,778
1,938,946
450
4,990,071

Deferred outflows of resources - pension

$

70,166

Current liabilities
Long-term liabilities
Total liabilities

$
$

129,318
1,030,526
1,159,844

Deferred inflows of resources - pension

$

65,979

Invested in capital assets, net
Restricted assets, net
Unrestricted
Total net position

$

$

826,837
2,928
3,004,649
3,834,414

Commissioner travel costs paid by the District

$

Operating revenues
Non-operating revenues
Total revenues

$ 1,184,730
3,334
1,188,064

Operating expenses

799,638

Depreciation expense
Non-operating expenses
Total expenses

156,557
35,050
991,245

Increase in net position before capital contributions

196,819

Capital contributions

-

9,193

Increase in net position
Net position, beginning of year
Net position, end of year

206,012
3,628,402
$ 3,834,414

Schedule of customer rate data:
First 900 gallons (minimum)
Over 900 gallons (per thousand)

The District's principal source of revenue is from the sale of water and related services to customers within its boundaries. The District's
customer base is primarily residential and small businesses. The District sets rates that it feels are adequate to produce revenues that are
sufficient to cover operating expenses and debt service from year-to-year.

$
$

25.00
10.00

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