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This is an Unaudited Statement.
<br />City of La Porte
<br />La Porte Development Corporation (038) Fund Summary
<br />(Section 4B Sales Tax)
<br />Previous
<br />ReportFY 2014-15FY 2013-14
<br />Unaudited Beginning Fund Balance 9/30$ 3,322,635$ 3,322,635$ 2,768,155
<br />Plus Year to Date Revenues:
<br />1/2 Cent Sales Tax 1,268,726 2,097,221 1,892,561
<br />Transfers-In 175,000 175,000 -
<br />Interest Income 5,003 7,734 5,565
<br />Total Revenues 1,448,729 2,279,955 1,898,126
<br />Equals Total Resources 4,771,364 5,602,590 4,666,281
<br />Less Year to Date Expenditures:
<br />Payroll 65,010 103,544 69,790
<br />Supplies 416 1,550 1,561
<br />Services & Charges (Memberships, Training, Advertising, Legal, Utilities) 188,429 251,078 606,484
<br />Capital Outlay - - 177,000
<br />*
<br />Debt Service Transfer 722,545 1,083,817 948,545
<br />Total Expenditures 976,400 1,439,989 1,803,380
<br />Estimated Year to Date Fund Balance as of 9/30/2015$ 3,794,964$ 4,162,601$ 2,862,901
<br />Commitments
<br />Pipeline Grill$ 300,000
<br />Richard Industrial Group 10,000
<br />ACT Independent Turbo Service, Inc. 426,000
<br />Debt Service Reserve 1,083,817
<br />$ 1,819,817
<br />Adjusted Year to Date Fund Balance$ 2,342,784
<br />Projection Through Year End
<br />Adjusted Year to Date Fund Balance$ 2,342,784
<br />Plus: Estimated Sales Tax 277,779
<br />Less: Estimated Operational Costs -
<br />Less: Debt Service Transfers -
<br />Projected Year End Fund Balance$ 2,620,563
<br />Sales tax revenues for Fiscal Year 2015 are estimated to be $2,375,000.
<br />Previously Funded Projects (Funding in Fund 015 - General CIP Fund)
<br />BudgetExpendituresBalance
<br />Façade Grants 300,000 115,909 184,091
<br /> Total 300,000 115,909 184,091
<br />*Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields.
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