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03-26-12 Fiscal Affairs Committee
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03-26-12 Fiscal Affairs Committee
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3/28/2012 4:01:18 PM
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11/21/2024 8:16:25 AM
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La Porte TX
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Agenda PACKETS
Date
3/26/2012
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CITY OF LA PORTE, TEXAS <br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued) <br />Unrestricted Net Assets <br />The remaining balance of unrestricted net assets of $31.1 million (27%) may be used to meet the <br />government’s ongoing obligations to citizens and creditors. <br />The following table provides a summary of the City’s operations for the year ended September 30, 2011, <br />with comparative totals for the year ended September 30, 2010, Governmental activities increased the <br />City’s net assets by $5.0 million. Business-type activities decreased net assets by $1.6 million. <br />6 <br /> <br />
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