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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 9/30110 $ 1,639,258 <br />Plus Estimated 10-11 Revenues 1,601,340 <br />Less 10-11 Expenditures and Commitments <br />Debt Payments 622,692 <br />Economic Development Operations 231,371 <br />Capital Projects/Transfers 355,000 <br />Total Expenditures 1,209,063 <br />Estimated Fund Balance 9/30111 <br />Plus 11-12 Revenues: <br />2,031,535 <br />1/2 Cent Sales Tax <br />1,628,379 <br />Interest Income <br />4,000 <br />Total Revenues <br />1,632,379 <br />Equals Total Resources <br />3,663,914 <br />Less 11-12 Expenditures: <br />Economic Development Operations <br />200,372 <br />Debt Sen -ice Transfer * <br />660,338 <br />Capital Projects/Transfers (Lomax Rodeo Arena Improvements) <br />600,000 <br />Total Expenditures <br />Ending Fund Balance 9/30112 <br />Estimated Projected <br />2010-11 2011-12 <br />Revenues $ 1,601,340 $ 1,632,379 <br />Expenditures & Commitments 1,209,063 1,460,710 <br />Revenues over Expenditures $ 392,277 $ 171,669 <br />*Debt,S'ervice Payments for Library, Bay Area Boulevard & Canada Road and Ballfields. <br />1,460,710 <br />$ 2,203,204 <br />