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SWA�T'S NEST METROPOLITAN DiSTRICT <br />STATEMENTS OF ACTIVITIES AND C�ANGES IN NET ASSETS <br />FOR THE YEAItS ENDED DECEMBER 31 2007 AND 2006 <br />OPERATIl�tG REV�E;NUES <br />Water revenue <br />OPERATING EXPENSES <br />Depreciation and amortization <br />Contract labor and repairs <br />Professionat fees <br />Utilities <br />Miscella�eous <br />Total operating expenses <br />LOSS FROM OPERATIONS <br />NONOPERATING iNCOME (EXPENSE) <br />Property taxes <br />Interest expense <br />Water tap fees <br />Total <br />Change in net assets <br />NET ASSETS, Beginning of year <br />NET ASSETS, End of year <br />See notes to financial statements. <br />2407 2006 <br />� 64,594 $ 68,692 <br />48,151 48,151 <br />41,104 33,954 <br />5,216 6,605 <br />2,543 2,340 <br />15359 23.560 <br />112.373 114,610 <br />(47.779) (45,918) <br />143,932 144,463 <br />(97,100) (99,181) <br />27,Q00 <br />46.832 72.282 <br />(947} 26,364 <br />3.915,396 3,889.032 <br />�_��� �2 � 3•915 � <br />-�- <br />