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<br />4
<br />LA PORTE. CITY OF
<br />
<br />YE){AS MUNICIPAL REPORTS
<br />
<br />AIRPORT OPERATING STATEMENT The following condensed statements
<br />have been compiled from original data the source of which is
<br />indicated below. Accounting principles customarily employed
<br />in the determination of net revenues for coverage of debt
<br />service have been observed and in all instances exclude de-
<br />preciation.
<br />
<br />~
<br />
<br /> Fiscal Year Ended
<br />~ 9-30-74 9i?o-~3 ~ ~
<br />/Iirpor,t Rentals $9,240 $ ,27 $ ,058 $7,9 3
<br />Other --E.55 ~ am -0-
<br />Total Income $9,895 $9.194 $8,84 $7, 983
<br />Expense $ 412 $1.673 $2,955 $2.471
<br />Available for
<br />Debt Service $9,483 $1,521 $5.891 $5,506
<br />Coverage of Avg Ann 1. 06x
<br />Reqmts on Rev Bonds 1. 11X ::'.35X 0.99X
<br />
<br />Audita by Eugene Hovey, CPA, La Porte. Texas
<br />
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<br />
<br />REVENUE BONDS AUTHORIZED BUT UNISSUED None
<br />
<br />FLOATING DEBT (As of January 31, 1915) None
<br />
<br />ESTIMATED OVERLAPPING DEBT STATEMENT
<br />Net Debt
<br />Amount As of
<br />$109,050,141 12-31-14
<br />
<br />Amount
<br />~ OvlD~
<br />.59 $ 643.396
<br />
<br />Taxin~ BodY
<br />Harris County
<br />Harris Co Flood
<br />Control Dist
<br />Harris Co Hosp D1st
<br />La Porte ISD
<br />Port of Houston
<br />Auth
<br />San Jacinto Jr
<br />Coll Dist
<br />
<br />32,141,424 12-31-14
<br />389,905 12-31-14
<br />11.383.323 8-31-74
<br />
<br />41,031,214 12-31-14
<br />
<br />.59
<br />.59
<br />31. 52
<br />
<br />193,114
<br />2,300
<br />3,588,023
<br />
<br />242.200
<br />
<br />.59
<br />
<br />1,136,116 1-31-15
<br />
<br />3.22
<br />
<br />249.122
<br />$4,918,215
<br />666.045
<br />
<br />Total Net Ov1pg Debt
<br />La Porte, City of $ 666,045 1-31-15 100.00
<br />
<br />Total Direct and Ov1pg Debt
<br />(5.04% of A.V. - $181.12 per capita)
<br />
<br />ECONOMIC BACKGROUND
<br />
<br />$5.584.260
<br />
<br />County Characteristics: Harris County, 1910 population,
<br />1.141.908, 1st in the State increasing 40.1% from 1960.
<br />Metropolitan Gulf Coast county and component of the Houston
<br />Metropolitan Area, traversed by Interstate Highways 10 and 45.
<br />Econo~ based on industry, mineral production. shipping and
<br />agriculture. 1913 cash receipts from agriculture. $39.3
<br />million, with crop production contributing $23.4 million.
<br />2.5 million pounds of milk produced in 1913. Soybeans, rice.
<br />beef cattle. peanuts, corn. grain sorghums and vegetables
<br />also produced.
<br />
<br />1961 value added by manufacturing. $2.3 billion, 1st in the
<br />State. Area highly industrialized with over 2,500 manufac.
<br />turing plants; nation's largest concentration of petrochemical
<br />plants. Leads the nation in manufacture of petroleum
<br />equiment, agricultural chemicals, fertilizers, pesticides,
<br />oil and gas pipeline transmission. Other principal products:
<br />steel. electronic equipment, food, Ship-bUilding, hand tools,
<br />metal and plastic containers and industrial machinery. 1913
<br />estimated county retail sales, $5.2 billion, 1st in the State.
<br />84,494 students enrolled in 16 county colleges and universities
<br />in Fall, 1914. The Texas Medical Center. one of the nationsls
<br />largest. located here provides extensive medical care and
<br />educational opportunities. The L .B.J. Manned Spacecraft
<br />Center and Ellington Air Force Base are also located here.
<br />88.5 million short tons of cargo handled in the Houston
<br />port in 1913, the largest Texas port and third largest in
<br />the Nation. A leading financial center; 130 banks held
<br />combined 12-31-13 deposits of $9,511,563,191.
<br />
<br />1913 value of all minerals produced, $211.8 million. 1913
<br />crude oil production, 30.3 million barrels; 1913 natural
<br />gas marketed, 19.1 billion cubic feet. Four gasoline plants,
<br />a cycling plant and 6 refineries 10ca ted in the county. The
<br />Astrodome Complex, the L.B.J. Manned Spacecraft Center.
<br />San Jacinto Monument State ~rk (1.~ million visitors in
<br />
<br />o
<br />
<br />1912-73 season) and various other cultural and profeSSional
<br />exhibitions draw substantial tourist income.
<br />
<br />(:)
<br />
<br />County Population and Family Income - 1970 Census:
<br />
<br />Negro Population
<br />% Spanish Surnames
<br />Median Family Income
<br />Rank Among Texas Counties
<br />% Below Poverty Level
<br />% Above $15,000 Income
<br />% Urban
<br />% White Collar Workers
<br />Estimated Effective Buying
<br />Per Househo1d*
<br />
<br />County
<br />20.1%
<br />10.7%
<br />$10,348.
<br />5
<br />9.3%
<br />23.7%
<br />95.5%
<br />54.1%
<br />
<br />Sta te
<br />12.4~
<br />18.4~
<br />$8,490.
<br />
<br />14.6):l
<br />16.5l'S
<br />19.8~
<br />48.5%
<br />$11.708.
<br />
<br />Income
<br />$13.948.
<br />
<br />Th& City of La Porte, 1910 population. 1.149. increpse from
<br />19 0 of 58.4%, 1s a residential and commercial center located
<br />in the Houston Ship Channel industrial complex. Principal
<br />employers in the city produce chemicals. gasoline. steel drums
<br />and yachts. Other nearby induatries prOVide additional employ-
<br />ment. Dun and Bradstreet rate 158 business establishments.
<br />Two banks held combined 12-31-13 deposita of $26.277.284.
<br />Building permits, less federal contracts. totaled $1.6 million
<br />for the year 1913.
<br />
<br />Any data on population, value added by manufacturing or produc-
<br />tion of agricultural products or minerals are from US Census
<br />or other official sources and in all instances represent latest
<br />da ta published.
<br />
<br />*Copyright 1914. Sales Mana~ement Survey of ~ Pot-zer;
<br />further reproduction not licensed.
<br />
<br />PrinciD81 TaxDayerS
<br />Name
<br />~Houston Lighting &
<br />Power Co.
<br />2. DuPont Corp.
<br />3. National Distillers
<br />4. UPJohn Co.
<br />5. Friendswood Develop-
<br />ment Co.
<br />6. Celanese Corp.
<br />7. National Petro Chem
<br />8. Westheimer Post Oak
<br />9. Southwestern Bell
<br />Telephone Co.
<br />10. Diamond Shamrock Co.
<br />
<br />Total (50.21% of Total A.V.)
<br />FINANCE-CONNECTED OFFICIALS
<br />
<br />1974 Assessed
<br />ValuatiOn
<br />
<br />TYpe of Property
<br />
<br />Power Plant
<br />Industrial Property
<br />Chemical Plant
<br />Chemical Plant
<br />
<br />$11,940.120
<br />8.410.490
<br />8.226,230
<br />7.350,880
<br />
<br />4.324.480
<br />4,126. 590
<br />3.438,420
<br />3,346.140
<br />
<br />2.421.570
<br />2.025.650
<br />
<br />$55.610.510
<br />
<br />G
<br />
<br />Subdivided Acreage
<br />Industrial Property
<br />Chemical Plant
<br />SUbdivided Acreage
<br />
<br />Telephone Utility
<br />Gas Plant
<br />
<br />E. A. Thomas
<br />
<br />Mayor . . .
<br />Director of Finance )
<br />Tax Assessor-COllector)
<br />City Clerk. . . . . . .
<br />Mailing Address: P.O. Box 1115. La
<br />
<br />CJLK/nlb
<br />37.598
<br />
<br />Larry Broussard
<br />Mrs. Margie Goyen
<br />Porte. Texas 77571
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