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LA PORTE REDEVELOPMENT AUTHORITY <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />FOR THE YEAR ENDED SEPTEMBER 30,2014 <br />GENERAL FUND BUDGETARY HIGHLIGHTS <br />The Board of Directors did not amend the budget for the fiscal year ending September 30, 2014. <br />Actual revenues were $400,092 more than budgeted and actual expenditures were $411,309 <br />more than budgeted. See the budget to actual comparison on page 23. <br />CAPITAL ASSETS_ s= <br />When capital projects are completed, the costs of the projects are recorded as,a tfansfe�r. to the <br />City since the maintenance and operations of the facilities will not be the ruspoiis bilftt of the <br />Authority. During the current fiscal year, $1,125,875 was paid to the Dgveldpers for projects <br />including interest. See Note 4 for additional information. <br />LONG-TERM DEBT ACTIVITY <br />As of September 30, 2014, the Authority had no bond debt <br />As of September 30, 2014, the Authority owed <br />interest of $100,182. See Note 8 for more inforn <br />The Sylvan Beach Restoration Project <br />2014 is $422,241, including interest of $ <br />CONTACTING THE <br />This financial report is d <br />Questions concerning any <br />information should be add <br />Box 22167, Houston, TX�, <br />1 <br />ens. <br />' <br />A. <br />City of La Porte, Texas plus <br />Harris County, Texas at September 30, <br />e 9 for more information. <br />pvide a general overview of the Authority's finances. <br />oration provided in this report or requests for additional <br />Porte Redevelopment Authority, c/o David Hawes, P. 0. <br />uj Cat)1---.�. Assets; Wt..- . <br />