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City of La Porte <br />La Porte Development Corporation (038) Fund Summary <br />(Section 4B Sales Tax) <br />Beginning Fund Balance 9/30/17$ 4,584,535 <br />Plus Estimated 17-18 Revenues 2,530,000 <br />Less Estimated 17-18 Expenditures and Commitments <br />Economic Development Operations 374,466 <br />Debt Payments 1,014,012 <br />Capital Projects/Transfers 2,065,200 <br />Total Expenditures 3,453,678 <br />Estimated Fund Balance 9/30/18 3,660,857 <br />Plus 18-19 Revenues: <br />1/2 Cent Sales Tax 2,500,000 <br />Interest Income 30,000 <br />Total Revenues 2,530,000 <br />Equals Total Resources 6,190,857 <br />Less 18-19 Expenditures: <br />Economic Development Operations 681,745 <br />* <br />Debt Service Transfer 1,033,362 <br />Transfer to General CIP Fund: <br />Decorative Lighting on Mainstreet 480,700 <br />Construction of Texas Avenue/E G St to Fairmont 355,000 <br />Fitness Center 1,000,000 <br />Total Expenditures 3,550,807 <br />Ending Fund Balance 9/30/19$ 2,640,050 <br />EstimatedProjected <br />2017-182018-19 <br />Revenues$ 2,530,000$ 2,530,000 <br />Expenditures & Commitments 3,453,678 3,550,807 <br />Revenues over Expenditures$ (923,678)$ (1,020,807) <br />*Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields. <br /> <br />