Sabine River Compact Administration Annual Report: 2007 Page: 15
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FINANCIAL ANALYSIS
Net Assets
SRCA's total net assets increased by $2,536, or 7.84% for the year ended August 31,
2007. Total assets decreased 2.82% to $47,327 and total liabilities decreased 23.91%
to $12,433.
Changes in Net Assets
The change in net assets for the year ended August 31, 2007 is $2,536. SRCA's total
intergovernmental revenues remained at $68, 880 and total general government expenses
decreased 5.75% to $66,856. The general government expenses are detailed below.
SRCA'S GENERAL GOVERNMENT EXPENSES
2007 2006General government expenses:
Secretary
Treasurer
Water resources investigation
Audit fees
OtherTotal
$ 3,892
980
57,242
3, 000
1,742$ 4,440
940
61,342
3, 000
1,210$ 66,856 $ 70,932
CURRENTLY KNOWN FACTS, DECISIONS, OR CONDITIONS
There are currently no known facts, decisions or conditions that are expected to have a
significant effect on financial position or results of operations.
CONTACTING SRCA'S FINANCIAL MANAGEMENT
This financial report is designed to provide our legislatures, state officials, the
Louisiana Legislative Auditor's Office, patrons and other interested parties with a
general overview of SRCA's finances and to demonstrate SRCA's accountability for the
money it receives. If you have any questions about this report or need additional
financial information, contact Debra Stagner at 409-746-2192.15
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Sabine River Compact Administration. Sabine River Compact Administration Annual Report: 2007, report, 2007-23~; [Texas]. (https://texashistory.unt.edu/ark:/67531/metapth654523/m1/21/?q=%22~1~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.