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<br /> CITY OF LA PORTE, TEXAS
<br /> Statement of Net Assets
<br /> Septem ber 30, 2008
<br /> Primary Government
<br /> Governmental Bus iness-type
<br /> Activities Activities Total
<br />ASSETS
<br />Cash and cash equivalents $ 36,604,620 $ 2,629,104 $ 39,233,724
<br />Investrrents 16,142,823 2,172,464 18,315,287
<br />Receivables, net of
<br />allow ance for uncollectibles
<br />Accounts receivable 1,523,815 1,532,759 3,056,574
<br />Taxes receivable 1,667,441 1,667,441
<br />DJe from other governrrents 3,653,722 3,653,722
<br />Accrued interest receivable 49,128 7,184 56,312
<br />Other 198,814 198,814
<br />Internal Balances (2,641) 2,641
<br />Materials and supplies inventories at cost 148,774 4,540 153,314
<br />Deferred issuance costs 590,892 590,892
<br />Restricted Assets:
<br />Cash and cash equivalents restricted for:
<br />Custorrer service deposits 542,949 542,949
<br />Debt service 875,069 875,069
<br />Capital assets:
<br />Land 8,108,756 2,308,777 10,417,533
<br />Buildings and illl>roverrents 30,801,244 1,166,840 31,968,084
<br />inl>roverrents other than buildings 8,165,380 73,913,056 82,078,436
<br />Infrastructure 31,677,569 31,677,569
<br />Machinery and equiprrent 13,935,635 525,652 14,461,287
<br />Construction in progress 2,052,990 6,584,059 8,637,049
<br />Accumulated depreciation (43,609,709) (41,680,381) (85,290,090)
<br />Total assets 111,709,253 50,584,713 162,293,966
<br />LIABILITIES
<br />Accounts payable 7,852,433 687,732 8,540,165
<br />Accrued salaries payable 523,955 89,315 613,270
<br />Unearned revenue 879 19,153 20,032
<br />Other current liabilities 8,440 8,440
<br />Interest payable 57,358 30,815 88,173
<br />Custorrer deposits 534,573 534,573
<br />f\bncurrent liabilities :
<br />DJe within one year 1,844,000 922,500 2,766,500
<br />DJe in rrore than one year 40,955,774 6,821,581 47,777,355
<br />Total liabilities 51,234,399 9,114,109 60,348,508
<br />NET ASSETS
<br />Invested in capital assets, net of related debt 24,922,673 35,483,003 60,405,676
<br />Restricted for:
<br />Debt service 1,994,218 2,188,240 4,182,458
<br />Economic developrrent 4,799,544 4,799,544
<br />Capital illl>roverrents 7,293,582 7,293,582
<br />Grants and state programs 2,479,622 2,479,622
<br />Unrestricted 18,985,215 3,799,361 22,784,576
<br />Total net assets $ 60,474,854 $ 41,470,604 $ 101,945,458
<br />See accompanying notes to financial statements.
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