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This is an Unaudited Statement. <br />City of La Porte <br />La Porte Development Corporation (038) Fund Summary <br />(Section 4B Sales Tax) <br />Previous <br />ReportFY 2013-14FY 2012-13 <br />Unaudited Beginning Fund Balance 9/30$2,768,155$2,768,155$2,196,935 <br />Plus Year to Date Revenues: <br />1/2 Cent Sales Tax569,498736,187650,047 <br />Interest Income2,0072,7512,253 <br />Total Revenues571,505738,938652,300 <br />Equals Total Resources3,339,6603,507,0932,849,235 <br />Less Year to Date Expenditures: <br />Payroll26,70432,11418,670 <br />Supplies411411153 <br />Services & Charges (Memberships, Training, Advertising, Legal, Utilities)78,950149,49645,083 <br />Debt Service Transfer395,227474,273205,031 <br />* <br />Capital Projects Transfers32,08338,50062,500 <br />** <br />Total Expenditures533,375694,794331,437 <br />Estimated Year to Date Fund Balance as of 3/31/2014$2,806,285$2,812,299$2,517,798 <br />Commitments <br />Project Nebula$1,000,000 <br />Intergulf125,000 <br />Rob Johnson Interests106,000 <br />Richard Industrial Group15,000 <br />Debt Service Reserve948,545 <br />$2,194,545 <br />Adjusted Year to Date Fund Balance$617,754 <br />Projection Through Year End <br />Adjusted Year to Date Fund Balance$617,754 <br />Plus: Estimated Sales Tax1,253,251 <br />Less: Estimated Operational Costs(143,567) <br />Less: Debt Service Transfers(474,272) <br />Less: Capital Projects Transfers(138,500) <br />Projected Year End Fund Balance$1,114,666 <br />Sales tax revenues for Fiscal Year 2015 are estimated to be $2,029,227. (2% growth over current year) <br />Previously Funded Projects (Funding in Fund 015 - General CIP Fund) <br />BudgetExpendituresBalance <br />District 23 Street Paving175,000-175,000 <br />Façade Grants300,00081,570218,430 <br /> Total475,00081,570393,430 <br />*Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields. <br /> **Capital Project Transfer is for 1/2 of the Golf Course/Little Cedar Bayou Park Irrigation Sytstem. <br />