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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 9130110 $ 1,639,258 <br />Plus Estimated 10 -11 Revenues 1,601,340 <br />Less 10 -11 Expenditures and Commitments <br />Debt Pavments 622,692 <br />Economic Development Operations 231,371 <br />Capital Projects /Transfers 355,000 <br />Total Expenditures 1,209,063 <br />Estimated Fund Balance 9130111 2,031,535 <br />Plus 11 -12 Revenues: <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 />176,372 <br />Debt Service Transfer <br />660,338 <br />Capital Projects: <br />Lomax Rodeo Arena Improvements <br />1,200,000 <br />Dog Park <br />45,000 <br />Playground Renovations <br />105,000 <br />Golf Course Bathroom <br />40,000 <br />Bulkheads (fund remaining 50 %) <br />180,000 <br />Total Expenditures <br />2,406,710 <br />Ending Fund Balance 9130112 <br />$ <br />1,257,204 <br />Estimated <br />Projected <br />2010 -11 <br />2011 -12 <br />Revenues <br />$ 1,601,340 $ <br />1,632,379 <br />Expenditures & Commitments <br />1,209,063 <br />2,406,710 <br />Revenues over Expenditures <br />$ 392,277 $ <br />(774,331) <br />*Debt Service Pa for Library, Bay.4rea Boulevard & Canada <br />Road and Ball fleIds. <br />