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LA PORTE REDEVELOPMENT AUTHORITY <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />FOR THE YEAR ENDED SEPTEMBER 30, 2016 <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. <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 $6,870,349 as of September 30, 2016. <br />The following table provides a summary of the Authority's net position as of September 30, <br />2016, and September 30, 2015: <br />Summary of Changes in the Statement of Net Position <br />Change <br />Positive <br />2016 <br />2015 <br />(Negative) <br />Current and Other Assets <br />$ <br />544,563 <br />$ 543,282 <br />$ <br />1,281 <br />Current Liabilities <br />$ <br />4,335 <br />$ 3,000 <br />$ <br />(1,335) <br />Long -Term Liabilities <br />538,735 <br />538,735 <br />Due to Developer <br />7,410,577 <br />6,786,852 <br />(623,725) <br />Accrued Interest <br />4,015 <br />4,015 <br />Total Liabilities <br />$ <br />7,414,912 <br />$ 7,332,602 <br />$ <br />(82,310) <br />Net Position: <br />Unrestricted <br />$ <br />(6,870,349) <br />$ (0,789,320) <br />$ <br />(81,029) <br />Total Net Position <br />$ (6,870,349} <br />$ (6,789,320) <br />$ <br />(81,029) <br />-5- <br />