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This is an Unaudited Statement.
<br />City of La Porte
<br />La Porte Development Corporation (038) Fund Summary
<br />(Section 4B Sales Tax)
<br />Unaudited Beginning Fund Balance 9/30
<br />Plus Year to Date Revenues:
<br />1/2 Cent Sales Tax
<br />Transfers -In
<br />Interest Income
<br />Total Revenues
<br />Equals Total Resources
<br />Less Year to Date Expenditures:
<br />Payroll
<br />Supplies
<br />Services & Charges (Memberships, Training, Advertising, Legal, Utilities)
<br />Capital Outlay
<br />Debt Service Transfer
<br />Total Expenditures
<br />Estimated Year to Date Fund Balance as of 9/30/2016
<br />Commitments
<br />Pipeline Grill
<br />Richard Industrial Group
<br />ACT Independent Turbo Service, Inc.
<br />Debt Service Reserve
<br />Adjusted Year to Date Fund Balance
<br />Previous
<br />Report FY 2015-16 FY 2014-15
<br />$ 3,458,203 $ 3,458,203 $ 3,213,390
<br />391 363
<br />391 363
<br />3,458,203 3,458,594 3,213,753
<br />6,730 7,060
<br />115 1
<br />1,033 6,903
<br />56,722 90,318
<br />- 64,600 104,282
<br />$ 3,458,203 $ 3,393,994 $ 3,109,471
<br />$ 300,000
<br />10,000
<br />426,000
<br />680,668
<br />$ 1,416,668
<br />$ 1,977,326
<br />Projection Through Year End
<br />Adjusted Year to Date Fund Balance $ 1,977,326
<br />Plus: Estimated Sales Tax 2,434,375
<br />Less: Estimated Operational Costs (350,928)
<br />Less: Debt Service Transfers (623,946)
<br />Projected Year End Fund Balance $ 3,436,827
<br />Sales tax revenues for Fiscal Year 2016 are estimated to be $2,434,375.
<br />Previously Funded Projects (Funding in Fund 015 - General CIP Fund)
<br />Budget Expenditures Balance
<br />Eagade Grants 407,669 131,697 275,972
<br />Total 407,669 131,697 275,972
<br />*Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields.
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