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CITY OF LA PORTE
<br />TATEMENT OF NET ASSETS
<br />S
<br />ROPRIETARY FUNDS
<br />P
<br />eptember 30, 2012
<br />S
<br />Governmental
<br />Business-type ActivitiesActivities
<br />Internal Service
<br />Utility FundLPAWAAirportTotalsFund
<br />Assets
<br />Current Assets:
<br />Cash and cash equivalents
<br />$ 937,0911,218,572$ 272,471$ 2,428,134$ 4,599,784$
<br />Investments
<br /> 1,212,7691,056,913 86,400 2,356,082 1,464,780
<br />Accounts receivable, net of allowance for
<br />doubtful accounts
<br /> 184,111991,301 2,342 1,177,754 120,556
<br />Accrued interest receivable
<br /> 993975 125 2,093 2,182
<br />Inventories
<br /> -4,800 - 4,800 33,362
<br />Deferred charges
<br /> 49,057- - 49,057 -
<br />Restricted cash and cash equivalents
<br /> 695,199508,577 - 1,203,776 -
<br />Total Current Assets
<br /> 3,079,2203,781,138 361,338 7,221,696 6,220,664
<br />Non-current Assets:
<br />Capital Assets:
<br />Land and improvements
<br /> -224,308 203,504 427,812 -
<br />Construction in progress
<br /> -3,751,099 - 3,751,099 -
<br />Buildings and improvements
<br /> -57,620 - 57,620 -
<br />Improvements other than buildings
<br /> 15,429,68064,209,708 5,778,399 85,417,787 -
<br />Vehicles and equipment
<br /> 6,130652,564 - 658,694 13,838,476
<br />Less Accumulated depreciation
<br /> (8,160,985)(37,317,557) (3,285,523) (48,764,065) (7,843,199)
<br />Total Non-current Assets
<br /> 7,274,82531,577,742 2,696,380 41,548,947 5,995,277
<br />Total Assets
<br /> 10,354,04535,358,880 3,057,718 48,770,643 12,215,941
<br />Liabilities
<br />Current Liabilities:
<br />Accounts payable
<br /> 213,097669,272 1,316 883,685 22,420
<br />Accrued salaries payable
<br /> -92,424 - 92,424 22,232
<br />Due to other funds
<br /> -- 777 777 -
<br />Other current liabilities
<br /> -5,230 1,689 6,919 -
<br />Interest payable
<br /> 3,3587,309 - 10,667 -
<br />Customer deposits
<br /> -517,252 - 517,252 -
<br />Claims and judgments
<br /> -- - - 500,075
<br />Long-term debt, current portion
<br />Compensated absences
<br />19,175- - 19,175 -
<br />Bonds payable, current portion
<br /> 625,000262,500 - 887,500 -
<br />Total Current Liabilities
<br /> 841,4551,573,162 3,782 2,418,399 544,727
<br />Non-current Liabilities:
<br />Compensated absences
<br /> -220,514 - 220,514 80,932
<br />Net pension obligation
<br /> -271,460 - 271,460 -
<br />OPEB obligation
<br /> -799,788 - 799,788 -
<br />Bonds payable, current portion
<br /> 2,356,341787,500 - 3,143,841 -
<br />Total Non-current Liabilities
<br /> 2,356,3412,079,262 - 4,435,603 80,932
<br />Total Liabilities
<br /> 3,197,7963,652,424 3,782 6,854,002 625,659
<br />Net Assets
<br />Invested in capital assets, net of related debt
<br /> 4,293,48430,527,742 2,696,380 37,517,606 5,995,277
<br />Restricted for debt service
<br /> 289,500269,809 - 559,309 -
<br />Unrestricted908,905 2,573,265 357,556 3,839,726 5,595,005
<br />Total Net Assets
<br />$ 7,156,24931,706,456$ 3,053,936$ 41,916,641$ 11,590,282$
<br />
<br />See Notes to Financial Statements.
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