City of La Porte Comprehensive Annual Financial Report 1997

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MAJOR INITIATIVES For the year. In June of 1988, the City started the largest City wide planning effort ever to occur in the area. The effort involved over 100 citizens. The process took in excess of one year to complete and was coordinated by City staff. After countless committee meetings and various workshops, the City Council adopted the plan, known as "Visions 89" on August 23, 1989. The plan outlines goals for the community through the year 2000. During fiscal year 1996-97, the accomplishments listed below relate to the ''Visions 89" plan. . Continue installation of the replacement of the City's financial & administrative computer system, . Lighting of the City's fishing pier, . Participation in joint activities with local industry, chamber of commerce & sporting associations, . Various drainage, bridge and other infrastructure improvements, . Completion of Airport Improvements, and . Improvements to the recently acquired Bay Front Park. For the Future. Specific items that will be addressed in fiscal year 1998 include continued improvements to the new bayfront property, acquisition of right-of-way for State Highway 146; . complete the replacement of the City's financial and administrative computer systems; land acquisition for a future fire station; construction of a fleet fueling facility and update 'of the City's comprehensive plan. FINANCIAL INFORMATION Management of the City is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. Such controls were designed and are continually reevaluated to provide reasonable, but not absolute, assurance regarding: (1) The safekeeping of assets against loss from unauthorized use or disposition; and (2) The reliability of financial records for preparing the financial statements and maintaining accountability for assets. 4 I I I I I I I I I I I I I I I I I I . .