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03-11-13 Fiscal Affairs Committee
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03-11-13 Fiscal Affairs Committee
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3/12/2013 10:58:08 AM
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La Porte TX
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Agenda PACKETS
Date
3/11/2013
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CITY OF LA PORTE, TEXAS <br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued) <br />Unrestricted Net Assets <br />The remaining balance is unrestricted net assets, $25.4 million or 21%, and may be used to meet the City's <br />ongoing obligations to residents and creditors. Both of these categories remained relatively stable compared <br />to the prior year. <br />The following table provides a summary of the City’s operations for the year ended September 30, 2012, <br />with comparative totals for the year ended September 30, 2011, Governmental activities increased the <br />City’s net assets by $4.9 million. Business-type activities decreased net assets by $0.6 million. <br />6 <br /> <br />
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