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LA PORTE REDEVELOPMENT AUTHORITY <br />RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET <br />TO STATEMENT OF NET ASSETS <br />SEPTEMBER 30, 2AI2 <br />Total Fund Balance — Governmental Fund <br />$ 1,178,981 <br />Amounts reported for governmental activities in the Statement of Net Assets are <br />different because: <br />Long -terra liabilities for notes payable are not due and payable in the current peer ocd- <br />and, therefore, are not reported as assets in the governmental funds. (1,335,599) <br />The long-term obligation to the Developer is not recorded in the1dhdY'f nancial <br />statement but is a liability to the Developer in the govern fent--vide entity. (8,880,774) <br />The accompanying notes to basic financial <br />statements are an integral pan of this report. <br />-9- <br />