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LA PORTE REDEVELOPMENT AUTHORITY <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />FOR THE YEAR ENDED SEPTEMBER 30, 2014 <br />GOVERNMENT -VIDE FINANCIAL ANALYSIS (Continued) <br />The following table provides a summary of the Authority's operations for the fiscal years <br />ending September 30, 2014, and September 30, 2013: <br />Summary of Changes in the Statement of Activities <br />Change <br />Positive 1- 3 <br />2014 2013 <br />Revenues: <br />Tax Increment Revenues <br />$ 1,698,270 <br />$ 1,222,397 <br />$ <br />Interest Revenues <br />511 <br />581 <br />Total Revenues <br />$ 1,698,781 <br />$ 1,222,978 4 <br />Expenses for Services <br />$ 1,235,674 <br />$ 599,08 <br />i$ 6 <br />Change in Net Position $ 463,107 $ : 01 90I $ (160,783) <br />Net Position Beginning of Year {8,701,513) �9,325,403 623,890 <br />Net Position, End of Year 238 406)` : 701,513) $ 463,107 <br />FINANCIAL ANALYSIS OF THEITHORITY'S GOVERNMENTAL FUNDS <br />The Authority's fund balance as,o 4. eptember 30, 2014, was $661,210, a decrease of $255,848 <br />from the prior year. ,'�` <br />The General Fund fund balance decreased by $255,848 due to tax increment revenue being less <br />than operating costs`apitai�6utlay and certain costs to fund the Authority's debt obligations. <br />-6.. <br />