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CITY OF LA PORTE
<br />STATEMENT OF NET ASSETS
<br />PROPRIETARY FUNDS
<br />September 30, 2011
<br />Business-type Activities
<br />Other
<br />Enterprise
<br />Utility FundLPAWAFunds
<br />Assets
<br />Current Assets:
<br />Cash and cash equivalents929,879$ 622,948$ 232,042$
<br />Investments1,225,316 1,352,469 116,726
<br />Accounts receivable, net of allowance for
<br />doubtful accounts1,046,761 217,108 -
<br />Accrued interest receivable709 556 93
<br />Inventories4,800 - -
<br />Deferred charges- 60,058 -
<br />Restricted cash and cash equivalents504,192 689,162 -
<br />Total Current Assets
<br /> 2,942,3013,711,657 348,861
<br />Non-current Assets:
<br />Capital Assets:
<br />Land and improvements224,308 - 203,504
<br />Construction in progress5,316,158 - -
<br />Buildings and improvements57,620 - -
<br />Improvements other than buildings60,980,582 15,429,680 5,778,399
<br />Vehicles and equipment638,989 6,130 -
<br />Less Accumulated depreciation(35,295,094) (7,698,047) (3,117,789)
<br />Total Non-current Assets
<br /> 7,737,76331,922,563 2,864,114
<br />Total Assets
<br /> 10,680,06435,634,220 3,212,975
<br />Liabilities
<br />Current Liabilities:
<br />Accounts payable333,015 49,424 3,433
<br />Accrued salaries payable100,341 - -
<br />Other current liabilities5,605 - 1,500
<br />Interest payable9,136 3,988 -
<br />Customer deposits511,067 - -
<br />Claims and judgments- - -
<br />Long-term debt, current portion
<br />Compensated absences20,352
<br />Bonds payable, current portion262,500 605,000 -
<br />Total Current Liabilities
<br /> 658,4121,242,016 4,933
<br />Non-current Liabilities:
<br />Compensated absences234,048 - -
<br />Net pension obligation242,813 - -
<br />OPEB obligation 608,949 - -
<br />Bonds payable, current portion1,050,000 3,000,702 -
<br />Total Non-current Liabilities
<br /> 3,000,7022,135,810 -
<br />Total Liabilities
<br /> 3,659,1143,377,826 4,933
<br />Net Assets
<br />Invested in capital assets, net of related debt30,610,061 4,132,061 2,864,114
<br />Restricted for debt service271,636 408,500 -
<br />Unrestricted1,374,697 2,480,389 343,928
<br />Total Net Assets
<br />$ 7,020,95032,256,394$ 3,208,042$
<br />See Notes to Financial Statements.
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