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01-22-14 LPRDA/TIRZ
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01-22-14 LPRDA/TIRZ
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La Porte TX
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Agenda PACKETS
Date
1/22/2014
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f t-a .. 5 n ,. <br />LA PORTE REDEVELOPMENT AUTHORITY <br />STATEMENT OF ACTIVITIES AND GOVERNMENTAL FUNDS REVENUES, <br />EXPENDITURES AND CHANGES IN FUND BALANCES <br />FOR THE YEAR ENDED SEPTEMBER 30, 20L3 <br />Statement of <br />General Fund <br />Adjustments <br />Activities <br />REVENUES <br />-- —" <br />Tax Increment Revenue (Net of Administrative <br />Costs) <br />$ 1,222,397 <br />$ <br />$ 1,222,397 <br />Investment Revenues <br />581 <br />581 <br />TOTAL REVENUES <br />$ 1,222 978 <br />$ -0- <br />$ L222.978 <br />EXPENDITURES/EXPENSES <br />Service Operations: <br />Contracted Services <br />$ 214,345 <br />$ <br />$ 214,345 <br />Professional Services <br />39,107 <br />39,107 <br />Debt Service: <br />Interest Expense -City of La Porte, Note 8 <br />37,399 <br />37,399 <br />Interest Expense -Harris County, Note 9 <br />24,585 <br />24,585 <br />Note Principal -Harris County, Note 9 <br />166,594 <br />(166,594) <br />Note Principal -City of LaPorte, Note 8 <br />130,500 <br />(130,500) <br />Developer Interest, Note 4 <br />258,630 <br />25,022 <br />283,652 <br />Developer Principal, Note 4 <br />675,725 <br />(675.725) <br />TOTAL EXPENDITURES/EXPENSES <br />1 484 901 <br />885813) <br />$ 599.088 <br />NET CHANGE IN FUND BALANCE <br />$ (261,923) <br />$ 261,923 <br />$ <br />CHANGE IN NET POSITION <br />623,890 <br />623,890 <br />FUND BALANCEINET POSITION — <br />OCTOBER 1, 2012 <br />1.178,981 <br />(10,504384) <br />(9.325,403) <br />FUND BALANCE/NET POSITION — <br />SEPTEMBER 30, 2013 <br />The accompanying notes to the financial <br />statements are an integral part of this report. <br />- 10- <br />
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