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LA PORTE REDEVELOPMENT AUTHORITY
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS
<br />FOR THE YEAR ENDED SEPTEMBER 30, 2019
<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, 2019, and September 30, 2018:
<br />Summai-y of Changes in the Statement of Activities
<br />Change
<br />Positi e
<br />2019
<br />2018
<br />(Neg tivt )
<br />-77 ;
<br />i
<br />Revenues:
<br />Tax Increment Revenues
<br />$ 4,128,250
<br />$ 3,090,987
<br />¢,4,037,263
<br />Interest Revenues
<br />1,377
<br />1,004, t,
<br />� 373
<br />Total Revenues
<br />$ 4,129,627
<br />$ 3,pg1;991Y. ," $
<br />1,037,636
<br />Expenses for Services
<br />476,145
<br />1;`k84,9R72
<br />1,408,827
<br />Change in Net Position
<br />$ 3,653,482
<br />'11,207,019 $
<br />2,446,463
<br />i
<br />Net Position, Beginning of Year 4,430,04) (5,637,064) 1,207,019
<br />Net Position, End of Year $ (77,tl56,3) $ (4,430,0451 $ 3,6
<br />53,482
<br />FINANCIAL ANALYSIS OF THE 4UTI-JORITY'S GOVERNMENTAL FUNDS
<br />The Authority's fund balance as ,�qf`September 30, 2019, was $1,848,098, an increase of
<br />$555,352 from the prior yeai=:
<br />The General Fund fund balance increased by $555,352 due to tax increment revenue being more
<br />than operating costs,; capital outlay and certain costs to fund the Authority's debt obligations.
<br />-6-
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