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ff <br />a �, ..., <br />LA PORTE REDEVELOPMENT AUTHORITY <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />FOR THE YEAR ENDED SEPTEMBER 30, 2013 <br />GOVERNMENT -WIDE FINANCIAL ANALYSIS (Continued) <br />The following table provides a summary of the Authority's operations for the fiscal years <br />ending September 30, 2013, and September 30, 2012: <br />Revenues <br />Tax Increment Revenue <br />Investment Revenue <br />Total Revenues <br />Expenses for Services <br />Change in Net Position <br />Net Position - Beginning of Year <br />Summary of Changes in the Statement of Activities <br />2013 <br />$ 1,222,397 <br />581 <br />$ 1,222,978 <br />599.088 <br />$ 623,890 <br />Change <br />Positive <br />2012 (Negative) <br />$ 1,290,676 $ (68,279) <br />635 (54) <br />$ 1,29I,311 $ (68,333) <br />1061154 _ 462,066 <br />$ ' 230,157 $ 393,733 <br />(9,325,403) (9,555,560) _ -- 230,157 <br />Net Position - End of Year(8,701,513) (9.32�403) 623,890 <br />FINANCIAL ANALYSIS OF THE AUTHORITY'S GOVERNMENTAL FUNDS <br />The Authority's fund balance as of September 30, 2013, was $917,058, a decrease of $261,923 <br />from the prior year. <br />The General Fund fund balance decreased by $261,923 due to tax increment revenue being less <br />than operating costs and certain costs to fund the Authority's debt obligations. <br />