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<br />CITY OF LA PORTE, TEXAS
<br />La Porte Development Corporation
<br />(Section 4B Sales Tax)
<br />Schedule of Revenues, Expenditures and Changes in Fund Balances
<br />Budget and Actual
<br />For the Year Ended September 30,2003
<br />
<br /> Variance with
<br /> Final Budget
<br /> Budgeted Amounts Actual Positive
<br /> Original Budget Amounts (Negative)
<br />REVENUES
<br />Sales taxes $ 900,000 $ 900,000 $ 921,625 $ 21,625
<br />Interest 49,810 49,810 34,209 (15,601 )
<br />Total revenues 949,810 949,810 955,834 6,024
<br />EXPENDITURES
<br />Current:
<br />Administration 205,000 205,000 205,000
<br />Capital Outlay 1,515,000 1,515,000 62,645 1,452,355
<br />Total expenditures 1,720,000 1,720,000 62,645 1,657,355
<br />Excess (deficiency) of revenues over
<br />expenditures (770,190) (770,190) 893,189 1,663,379
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 315,730 315,730 (315,730)
<br />Transfers out (889,333) (743,500) (743,500)
<br />Total other financing sources (uses) (573,603) (427,770) (743,500) (315,730)
<br />Net change in fund balances (1,343,793) (1,197,960) 149,689 1,347,649
<br />Fund balances-beginning 2,349,529 2,349,529 2,349,529
<br />Fund balances-ending $ 1,005,736 $ 1,151,569 $ 2,499,218 $ 1,347,649
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