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LA ]PORTE REDEVELOPMENT AUTHORITY <br />STATEMENT OF NET ASSETS AND <br />GOVERNMENTAL FUNDS BALANCE SHEET <br />SEPTEMBER 30, 2012 <br />Statement of <br />General Fund <br />Adjustments <br />Net Assets <br />ASSETS <br />Cash, Note 3 <br />$ <br />1,177,061 <br />$ <br />$ 1,177,061 <br />Due from Developer <br />1,920 <br />1,920 <br />TOTAL ASSETS <br />$- <br />1,178,981 <br />$ _ _--_ - _-0- <br />$ 1,178,981 <br />LIABILITIES <br />Accrued Interest Payable -City of <br />LaPorte, Note 8 <br />$ <br />$ 231,194 <br />$ 23I,194 <br />Due to Developer, Note 4 <br />8,880,774 <br />8,880,774 <br />Long -Term Liabilities: <br />Note Due After One Year, Note 8 <br />662,000 <br />662,000 <br />TOTAL LIABILITIES <br />$ <br />-0- <br />$_9,773,968 <br />S 9,773,968 <br />FUND BALANCE <br />Unassigned <br />$ <br />1_,178,981 <br />$ (1,178,981) <br />$ -0- <br />TOTAL FUND BALANCE <br />$ <br />1,178,981 <br />$(1,178,981) <br />S -0- <br />TOTAL LIABILITIES AND FUND <br />BALANCE <br />$ 1,178,981 <br />NET ASSETS <br />Unrestricted <br />$ (8,594,987) <br />$ L8,594.987) <br />TOTAL NET ASSETS <br />$.., 18 4,987) <br />SS(885241987) <br />The accompanying notes to basic financial <br />statements are an integral part of this report. <br />-8- <br />