|
CITY OF LA PORTE, TEXAS
<br />NOTES TO THE FINANCIAL STATEMENTS (continued)
<br />Note 4 - Receivables
<br />Amounts recorded as receivables as of for the government’s individual major and non-major funds,
<br />including the applicable allowance for uncollectible accounts, are as follows:
<br />Debt Capital
<br />All Other
<br />Service Projects Internal
<br />FundsTotal
<br />General FundFundFundUtility Fund LPAWAService Funds
<br />Receivables
<br />Taxes1,797,809$ 163,912$ -$ -$ -$ -$ 590,179$ 2,551,900$
<br />Intergovernmental 119,927 639,774 759,701
<br />Accounts3,137,599 - - 1,069,897 217,108 - - 4,424,604
<br />Interest5,732 828 2,414 709 556 1,823 1,691 13,753
<br />Other- - - 869 - - 84,215 85,084
<br />Allowance for
<br />uncollectibles(1,187,956) (116,889) - (24,005) - - - (1,328,850)
<br />$ 47,8513,753,184$ 2,414$ 1,047,470$ 217,664$ 121,750$ 1,315,859$ 6,506,192$
<br />
<br />Property taxes are levied by October 1 in conformity with Subtitle E, Texas Property Tax Code. Taxes are
<br />due on receipt of the tax bill and are delinquent if not paid before February 1 of the year following the
<br />year in which imposed. On January 1 of each year, a tax lien attaches to property to secure the payment of
<br />all taxes, penalties, and interest ultimately imposed. The Harris County Central Appraisal District
<br />("HCCAD") establishes appraised values. Taxes are levied by the City Council based on the appraised
<br />values and operating needs of the City.
<br />Governmental funds report deferred revenue in connection with receivables for revenues that are not
<br />considered to be available to liquidate liabilities of the current period. At the end of the current fiscal year,
<br />the various components of deferred revenue reported in the governmental funds were as follows:
<br />UnavailableUnearned
<br />Delinquent property taxes receivable - general fund $ 250,939 -$
<br />Delinquent property taxes receivable - debt service fund 40,161 -
<br />Other taxes - aggregate other funds 68,157 -
<br />Municipal fines and forfeitures 547,276 -
<br />EMS - general fund 909,806 -
<br />Other deferred - general fund 679,521 -
<br />Grants and revenues prior to meeting all eligibility requirements- 1,051
<br />Total Deferred Revenue for Governmental Funds $ 2,495,860 $ 1,051
<br />38
<br />
<br />
|