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7/11/2016 <br />City of La Porte <br />La Porte Development Corporation (038) Fund Summary <br />(Section 4B Sales Tax) <br />Beginning Fund Balance 9/30/15$4,516,912 <br />Plus Estimated 15-16 Revenues2,360,000 <br />Less 15-16 Expenditures and Commitments <br />Debt Payments680,668 <br />Economic Development Operations771,276 <br />Total Expenditures1,451,944 <br />Estimated Fund Balance 9/30/165,424,968 <br />Plus 16-17 Revenues: <br />1/2 Cent Sales Tax2,212,500 <br />Interest Income8,500 <br />Total Revenues2,221,000 <br />Equals Total Resources7,645,968 <br />Less 16-17 Expenditures: <br />Economic Development Operations600,234 <br />* <br />Debt Service Transfer685,247 <br />Transfer to General CIP Fund750,000 <br />Total Expenditures2,035,481 <br />Ending Fund Balance 9/30/17$5,610,487 <br />EstimatedProjected <br />2015-162016-17 <br />Revenues$2,360,000$2,221,000 <br />Expenditures & Commitments1,451,9442,035,481 <br />Revenues over Expenditures$908,056$185,519 <br />*Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields. <br /> <br />