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S b � <br />LA PORTE REDEVELOPMENT AUTHORITY <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />FOR THE YEAR ENDED SEPTEMSER 30, 2013 <br />NOTES TO THE FINANCIAL STATEMENTS <br />The accompanying notes to the financial statements provide information essential to a full <br />understanding of the government -wide and fund financial statements. The notes to the financial <br />statements can be found on pages 12 through 21 in this report. <br />GOVERNMENT -WIDE FINANCIAL ANALYSIS <br />Net position may serve over time as useful indicator of the Authority's financial position. In the <br />case of the Authority, liabilities exceeded assets by $8,701,513 as of September 30, 2013. <br />The following table provides a summary of the Authority's net position as of September 30, <br />2013, and September 30, 2012: <br />Summary of Changes in the Statement of Net Position <br />Change <br />Positive <br />2013 <br />2012 <br />(Negative) <br />Current and Other Assets <br />$ 927,058 <br />1,178,981 <br />$ (251,923) <br />Long -Term Liabilities <br />$ 1,193,590 <br />$ 1,335,599 <br />$ 142,009 <br />Due to Developer <br />8,230,071 <br />8,880,774 <br />650,703 <br />Developer Annexation Deposit <br />10,000 <br />(10,000) <br />Accrued Interest <br />194,910 <br />288,011 <br />93,101 <br />Total Liabilities <br />$ 9,628,571 <br />$ 10 ,504,384 <br />$ 875,813 <br />Net Position: <br />Unrestricted <br />�� (8,701,513) <br />$ (9,325,403) <br />$ 623,890 <br />Total Net Position <br />(8301.513) <br />$ (9,325,4.03) <br />$ 623,890 <br />-5- <br />