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CITY OF LA PORTE, TEXAS
<br /> Management's Discussion and Analysis
<br /> For the Year Ended September 30, 2010
<br /> Analysis of the City's Operations — the following table provides a summary of the City's operations for the
<br /> year ended September 30, 2010, with comparative totals for year ended September 30, 2009. Governmental
<br /> activities increased the City of La Porte's net assets by $1,531,826. Business -type activities increased the
<br /> City's net assets by $50,513.
<br /> City of La Porte's Changes in Net Assets
<br /> Governmental Business -Type
<br /> Activities Activities Total
<br /> 2010 2009 2010 2009 2010 2009
<br /> Revenues:
<br /> Program Revenues:
<br /> Charges for Services $ 8,279,423 $ 7,042,938 $ 8,212,595 $ 9,005,792 $ 16,492,018 $ 16,048,730
<br /> Operating grants and contributions 1,004,047 5,165,295 - - 1,004,047 5,165,295
<br /> Capital grants and contributions - 1,259,614 860,304 1,785,653 860,304 3,045,267
<br /> General revenues:
<br /> Property taxes, levied for general purposes 15,182,382 14,389,535 - - 15,182,382 14,389,535
<br /> Property taxes, levied for debt service 2,560,023 2,001,702 - - 2,560,023 2,001,702
<br /> Industrial payments 10,732,488 10,554,872 - - 10,732,488 10,554,872
<br /> Franchise taxes 2,170,699 2,160,425 - - 2,170,699 2,160,425
<br /> Sales tax 5,913,679 5,787,406 - - 5,913,679 5,787,406
<br /> Grants not specified for a specific program - 2,000 - - - 2,000
<br /> Unrestricted investmenteamings 293,943 687,567 39,078 72,814 333,021 760,381
<br /> Miscellaneous 164,237 90,599 - - 164,237 90,599
<br /> Total revenues 46,300,921 49,141,953 9,111,977 10,864,259 55,412,898 60,006,212
<br /> Expenses:
<br /> General Govemment 11,497,476 11,442,946 - - 11,497,476 11,442,946
<br /> Public Safety 17,108,837 15,495,372 - - 17,108,837 15,495,372
<br /> Public Works 4,601,382 8,095,274 - - 4,601,382 8,095,274
<br /> Health and Sanitation 2,521,222 2,378,808 - - 2,521,222 2,378,808
<br /> Culture and Recreation 6,483,006 4,222,945 - - 6,483,006 4,222,945
<br /> Interest on Long -term debt 1,556,740 1,527,041 - - 1,556,740 1,527,041
<br /> Water Services - - 5,721,303 4,832,857 5,721,303 4,832,857
<br /> Sewer Services - - 2,674,456 2,603,424 2,674,456 2,603,424
<br /> Airport - - 181,040 183,186 181,040 183,186
<br /> Bay Forest Golf Course - - 1,485,097 1,436,792 1,485,097 1,436,792
<br /> Sylvan Beach Convention Center - - - 25,649 - 25,649
<br /> Total Expenses 43,768,663 43,162,386 10,061,896 9,081,908 53,830,559 52,244,294
<br /> Change in net assets before transfers 2,532,259 5,979,567 (949,919) 1,782,351 1,582,339 7,761,918
<br /> Transfers (1,000,432) (778,855) 1,000,432 778,855 - -
<br /> Change in net assets 1,531,826 5,200,712 50,513 2,561,206 1,582,339 7,761,918
<br /> Netassets - beginning 65,675,566 60,474,854 44,031,807 41,470,601 109,707,373 101,945,455
<br /> Netassets - ending $ 67,207,392 $ 65,675,566 $ 44,082,320 $ 44,031,807 $ 111,289,712 $ 109,707,373
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