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<br />LAPORTE REDEVELOPMENT AUTHORITY <br /> <br />STATEMENT OF ACTIVITIES <br />AND GOVERNMENTAL FUND REVENUES, EXPENDITURES <br />AND CHANGES IN FUND BALANCE <br /> <br />FOR THE YEAR ENDED SEPTEMBER 30, 2008 <br /> <br /> Statement <br /> General Adjustments of Activities <br />Expenditures/ expenses: <br />Current: <br />General government $ 668,680 $ $ 668,680 <br />Debt service: <br />Payment to the City of La Porte 46,974 ( 46,974) <br />Total expenditures/expenses 715,654 ( 46,974) 668,680 <br />General revenues: <br />Property taxes 260,201 260,201 <br />Intergovernmental 100,000 100,000 <br />Interest 14,632 14,632 <br />Total general revenues 374,833 374,833 <br />Excess (deficiency) of revenues <br />over (under) expenditures ( 340,821) 340,821 <br />Change in fund balance/net assets ( 340,821) 46,974 ( 293,847) <br />Fund balance/net assets: <br />Beginning 662,000 ( 662,000) <br />Ending $ 321,179 $( 615,026) $( 293,847) <br /> <br />I- <br />I <br /> <br />i-- <br /> <br />The accompanying notes are an integral part of these fmancial statements. <br /> <br />6 <br />