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CITY OF LA PORTE
<br />SPECIAL REVENUE FUND - DEBT SERVICE FUND
<br />SCHEDULE OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
<br />For the Year Ended September 30, 2011
<br />With comparative actual totals for the year ended September 30, 2010
<br />2011
<br />Variance
<br />Positive /
<br />Final BudgetActual(Negative)2010
<br />Revenues
<br />Property taxes2,410,992$ 2,333,153$ (77,839)$ 2,560,023$
<br />Investment earnings20,000 11,244 (8,756) 28,484
<br />Total Revenues
<br /> 2,344,3972,430,992 (86,595) 2,588,507
<br />Expenditures
<br />Debt Service:
<br />Principal1,740,000 1,740,000 - 1,755,000
<br />Interest and other charges1,776,573 1,871,371 (94,798) 1,451,033
<br />Total Expenditures
<br /> 3,611,3713,516,573 (94,798) 3,206,033
<br />Revenues over (under) expenditures
<br /> (1,266,974)(1,085,581) (181,393) (617,526)
<br />Other Financing Sources (Uses)
<br />Issuance of debt- - - 4,295,000
<br />Premium on bonds- - - 100,339
<br />Payment to escrow agent- - - (4,409,763)
<br />Transfers in1,262,168 1,262,168 - 1,598,155
<br />Total Other Financing Sources (Uses)
<br /> 1,262,1681,262,168 - 1,583,731
<br />Net change in fund balance176,587 (4,806) (181,393) 966,205
<br />Fund balances, beginning of year
<br /> 3,117,6883,117,688 - 2,151,483
<br />Fund balances at year end
<br />$ 3,112,8823,294,275$ (181,393)$ 3,117,688$
<br />72
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