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LA PORTE REDEVELOPMENT AUTHORITY
<br />STATEMENT OF ACTIVITIES AND GOVERNMENTAL FUNDS STATEMENT
<br />OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
<br />FOR THE YEAR ENDED SEPTEMBER 30, 2016
<br />GENERAL
<br />FUND
<br />REVENUES
<br />Tax Increment Revenue (Net of
<br />Adminstrative Costs) $ 2,216,993
<br />Interest Revenues 419
<br />TOTAL REVENUES $ 2,217,412
<br />EXPENDITUREWEXPENSES
<br />Service Operations:
<br />Contracted Services $
<br />96,649
<br />Professional Services
<br />33,948
<br />Other
<br />39
<br />Debt Service:
<br />Interest Expense, City of La Porte, Note 8
<br />23,123
<br />Note Payment - City of La Porte, Note 8
<br />538,735
<br />Developer Interest, Note 4
<br />268,438
<br />Developer Principal, Note 4
<br />1,256,534
<br />TOTAL EXPENDITURESIEXPENSES $
<br />2,217,466
<br />NET CHANGE IN FUND BALANCE $
<br />(54)
<br />CHANGE IN NET POSITION
<br />FUND BALANCE/NET POSITION -
<br />OCTOBER 1, 2015
<br />FUND BALANCE/NET POSITION -
<br />SEPTEMBER 30, 2016
<br />ADJUSTMENTS
<br />(4,015)
<br />(539,735)
<br />30,386
<br />593,339
<br />$ 80,975
<br />$ 54
<br />(81,029)
<br />STATEMENT OF
<br />ACITIVITIES
<br />$ 2,216,993
<br />419
<br />$ 2,217,412
<br />$ 96,649
<br />33,948
<br />39
<br />19,108
<br />298,824
<br />1,849,873
<br />$ 2,298,441
<br />(81,029)
<br />540,282 (7,329,602) (6,789,320)
<br />$ 540,228 $ (7,410,577) $ (6,870,349)
<br />The accompanying notes to the financial
<br />statements are an integral part of this report.
<br />- 10-
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