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This is an Unaudited Statement
<br />City of La Porte
<br />La Porte Development Corporation (038) Fund Summary
<br />(Section 413 Sales Tax)
<br />Unaudited Beginning Fund Balance 9130
<br />Plus Year to Date Revenues:
<br />1/2 Cent Sales Tax
<br />Interest Income
<br />Total Revenues
<br />Equals Total Resources
<br />Less Year to Date Expenditures:
<br />Payroll
<br />Supplies
<br />Services & Charges (Memberships, Training, Advertising, Legal, Utilities)
<br />Debt Service Transfer *
<br />Capital Projects Transfers **
<br />Total Expenditures
<br />Estimated Year to Date Fund Balance as of 410112014
<br />Commitments
<br />Project Nebula
<br />Intergulf
<br />Rob Johnson Interests
<br />Richardlndustrial Group
<br />Debt Service Reserve
<br />Adjusted Year to Date Fund Balance
<br />Projection Through Year End
<br />Previous
<br />$ 582,727
<br />Plus: Estimated Sales Tax
<br />Report
<br />FY 2013-14
<br />FY 2012-13
<br />$ 2,768,155
<br />$ 2,768,155
<br />$ 2,196,935
<br />736,187
<br />904,033
<br />792,754
<br />2,751
<br />2,846
<br />3,062
<br />738,938
<br />906,879
<br />795,816
<br />3,507,093
<br />3,675,034
<br />2,992,751
<br />32,114
<br />37,551
<br />23,887
<br />411
<br />541
<br />457
<br />149,496
<br />161,435
<br />47,891
<br />474,273
<br />553,318
<br />239,202
<br />38,500
<br />144,917
<br />72,917
<br />694,794
<br />897,762
<br />384,354
<br />$ 2,812,299
<br />$ 2,777,272
<br />$ 2,608,397
<br />$ 1,000,000
<br />125,000
<br />106,000
<br />15,000
<br />948,545
<br />$ 2,194,545
<br />$ 582,727
<br />Adjusted Year to Date Fund Balance
<br />$ 582,727
<br />Plus: Estimated Sales Tax
<br />1,085,405
<br />Less: Estimated Operational Costs
<br />(126,061)
<br />Less: Debt Service Transfers
<br />(395,227)
<br />Less: Capital Projects Transfers
<br />(32,083)
<br />Projected Year End Fund Balance
<br />$ 1,114,761
<br />Sales tax revenues for Fiscal Year 2015 are estimated to be $2,029,227. (2% growth over current year)
<br />Previously Funded Projects (Funding in Fund 015 - General CIP Fund)
<br />Budget Expenditures
<br />Balance
<br />District 23 Street Paving 175,000 -
<br />175,000
<br />Eagade Chants 300,000 81,570
<br />218,430
<br />Total 475,000 81,570
<br />393,430
<br />*Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfzelds.
<br />* *Capital Project Transfer is for 112 of the Golf Course/Little Cedar Bayou Park Irrigation Syts tem
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