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LA PORTE REDEVELOPMENT AUTHORITY <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />FOR THE YEAR ENDED SEPTEMBER 30, 2019 <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 $776,563 as of September 30, 201,9, -- <br />The following table provides a summary of the Authority's net position a� ofeptember 30, <br />2019, and September 30, 2018: <br />Summary of Changes in tho/ tatement,of Net Position <br />Change <br />Positive <br />2019 2018 (Negative) <br />Current and Other Assets $ 3,3 <br />29,295 861,715 $ Q532,420' <br />.� <br />Current Liabilities $ 1,481,147 <br />Due to Developer 2,6 4;-66J <br />Total Liabilities €$ feld5,858 <br />Net Position: <br />Unrestricted 776,563) <br />Total Net Position $ (776,563) <br />-5- <br />$ 2,568,969 $ 1,087,772 <br />5,722,791 3,098,130 <br />$ 8,2912760 $ 4,185,902 <br />$ (4,430,045) $ 3,653,482 <br />$ (4,430,045) $ 3,653,482 <br />