City of La Porte Comprehensive Annual Financial Report 1997

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I I I I I I I I I I I I I I I I I City of La Porte Established 1892 January 25, 1998 To the citizens of La Porte: The comprehensive annual financial report of the City of La Porte for the fiscal year ended September 30, 1997, is hereby submitted. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge and belief, the enclosed data are accurate in all material respects and are reported in a manner designed to present fairly the financial position of all funds and the results of operations of proprietary funds. All disclosures necessary to enable the reader to gain an understanding of the financial activities have been included. The comprehensive annual financial report is presented in three sections: introductory, financial and statistical. The introductory section includes this transmittal letter, the government's organizational chart and a list of principal officials. The financial section includes general purpose financial statements and combining and individual fund and account group financial statements and schedules, as well as the auditor's report on the financial statements and schedules. The statistical section includes selected financial and demographic information, generally presented on a multi-year basis. This report is prepared in accordance with generally accepted accounting principles (GAAP) for local governments, as prescribed by the Governmental Accounting Standards Board (GASB), and other professional standards as applicable. In addition, this report is intended to represent a comprehensive summary of the significant City financial data to meet the varying needs of the City's citizens, employees, financial institutions, intergovernmental agencies and other interested readers. This report includes all funds and account groups of the City of La Porte. The City of La Porte provides a full range of services. These services include police and fire protection, emergency medical services, parks and recreational activities and construction and maintenance of street and drainage systems. In addition to general government activities, the City owns and operates enterprise activities providing water and sewer service, solid waste collection and disposal, a community convention center, municipal golf course, and an airport. - 1 P,O. Box 1115 0 La Porte, Texas 77572-1115 0 (281) 471-5020