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CITY OF LA PORTE, TEXAS
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued)
<br />The combining statements referred to earlier in connection with nonmajor governmental funds and
<br />internal service funds are presented immediately following the required supplementary information on
<br />pensions. Combining and individual fund statements and supporting schedules can be found beginning on
<br />page 60 of the City's Comprehensive Annual Financial Report.
<br />Government-Wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of the City's financial position. For
<br />the City, assets and deferred outflows exceed liabilities and deferred inflows by $121.5 million as of
<br />September 30, 2013, in the primary government as follows:
<br />Condensed Schedule of Net Position
<br />September 30, 2013 and 2012
<br />Amounts in (000's)
<br />Governmental ActivitiesBusiness-type ActivitiesTotals
<br />2012, as 2012, as 2012, as
<br />2013restated2013restated2013restated
<br />Assets
<br />Current and other assets
<br />$ 57,07259,227$ 6,244$ 7,173$ 65,470$ 64,245$
<br />Capital assets
<br /> 75,88840,15376,430 41,549116,582 117,437
<br />Total Assets
<br /> 132,960135,656 46,396 48,722 182,053 181,682
<br />Deferred Outflows of Resources
<br />Deferred charge on refunding 791860- - 791 860
<br />Total deferred outflows of resources
<br /> 860791 - - 791 860
<br />Liabilities
<br />Other liabilities
<br />5,4395,9021,0531,5126,492 7,415
<br />Long-term liabilities outstanding50,27251,4284,5925,33354,864 56,760
<br />Total Liabilities
<br /> 57,33055,711 5,645 6,845 61,356 64,175
<br />Deferred Inflows of Resources
<br />Deferred gain on refunding - - 797 9
<br />Total deferred inflows of resources
<br /> -- 7 9 7 9
<br />Net Position:
<br /> Net investment in capital assets
<br /> 46,81436,34749,304 37,567 85,651 84,381
<br />Restricted8,902 8,7282,096 559 10,998 9,287
<br />Unrestricted22,530 20,948 2,301 3,742 24,831 24,690
<br />Total Net Position
<br />$ 76,49080,736$ 40,744$ 41,868$ 121,480$ 118,358$
<br />Net Investment in Capital Assets
<br />The largest portion of the City's net position (71%) reflects its investment in capital assets (e.g., land,
<br />buildings, machinery, equipment, improvements, construction in progress and infrastructure), less any
<br />debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide
<br />services to citizens; consequently, these assets are not available for future spending. Although the City's
<br />investment in its capital assets is reported net of related debt, it should be noted that the resources needed to
<br />repay this debt must be provided from other sources, since the assets themselves cannot be used to
<br />liquidate these liabilities.
<br />Restricted Net Position
<br />A portion of the City's net position, $10.9 million or 9% represents resources that are subject to external
<br />restriction on how they may be used.
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