Laserfiche WebLink
LA PORTE REDEVELOPMENT AUTHORITY <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />FOR THE YEAR ENDED SEPTEMBER 30, 2019 <br />GENERAL FUND BUDGETARY HIGHLIGHTS <br />The Board of Directors did not amend the budget for the fiscal year ending September 30, 2019. <br />Actual revenues were $164,017 more than budgeted and actual expenditures were $85,595 more <br />than budgeted. See the budget to actual comparison. <br />CAPITAL ASSETS <br />When capital projects are completed, the costs of the projects are recorded as a trahsf6r t the <br />City since the maintenance and operations of the facilities will not be the respflnsib hty of the <br />Authority. During the current fiscal year, $3,191,163 was paid to the Develvpers�fir projects, <br />including interest. See Note 4 for additional information. <br />LONG-TERM DEBT ACTIVITY <br />As of September 30, 2019, the Authority had no bond debt payable. <br />The Authority has recorded a long-term payable to Devlop sli the amount of $2,624,661, see <br />Note 4. x <br />P® <br />CONTACTING THE AUTHORITY'S MANIGEM'1E`NT <br />This financial report is designed to prdwid(-,general overview of the Authority's finances. <br />Questions concerning any of the informatiop provided in this report or requests for additional <br />information should be addressed tole Redevelopment Authority, c/o David Hawes, P. O. <br />Box 22167, Houston, TX 77227. <br />-7- <br />