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CITY OF LA PORTE, TEXAS
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued)
<br />Unrestricted Net Position
<br />The remaining balance is unrestricted net position, $24.8 million or 20%, and may be used to meet the
<br />City's ongoing obligations to residents and creditors. Both of these categories remained relatively stable
<br />compared to the prior year.
<br />The following table provides a summary of the City’s operations for the year ended September 30, 2013,
<br />with comparative totals for the year ended September 30, 2012. Governmental activities increased the
<br />City’s net position by $4.2 million. Business-type activities decreased net position by $1.1 million.
<br />Condensed Schedule of Changes in Net Position
<br />For the Years Ended September 30, 2013 and 2012
<br />Amounts in (000's)
<br />Governmental ActivitiesBusiness-type ActivitiesTotals
<br />2012, as 2012, as 2012, as
<br />2013restated2013restated2013restated
<br />Revenues
<br />Program revenues:
<br />Charges for services7,874$ 7,821$ 9,170$ 9,715$ 17,045$ 17,536$
<br />Operating grants and contributions
<br /> 1,515-849 849 1,515
<br />Capital grants and contributions
<br /> 1- 1,398 8591,398 860
<br />General revenue:
<br />Property taxes17,782 17,251- - 17,782 17,251
<br />Other taxes10,902 10,580- - 10,902 10,580
<br />Industrial payments11,108 10,471- - 11,108 10,471
<br />Investment earnings84 1438 1293 155
<br />Miscellaneous432 16836 16469 184
<br />Special item- gain on sale of asset- 1,940- - - 1,940
<br />Total Revenues
<br /> 49,89049,032 10,612 10,602 59,645 60,494
<br />Expenses
<br />General Government
<br /> 14,091-13,854 - 13,854 14,091
<br />Public Safety
<br /> 17,375-17,765 - 17,765 17,375
<br />Public Works
<br /> 3,784-4,451 - 4,451 3,784
<br />Culture and Recreation
<br /> 6,361-5,722 - 5,722 6,361
<br />Health, Welfare and Sanitation
<br /> 2,424-2,328 - 2,328 2,424
<br />Interest on Long-term debt
<br /> 1,267-1,385 - 1,385 1,267
<br />Water Services- - 8,206 7,6918,206 7,691
<br />Sewer services- - 2,599 2,9322,599 2,932
<br />Airport- - 210 213210 213
<br />Total Expenses
<br /> 45,30345,505 11,015 10,836 56,520 56,141
<br />Increase (decrease) in net assets
<br /> before transfers
<br /> 4,5863,526 (403) (235) 3,123 4,352
<br />Transfers
<br /> 334(720)720 (334)- -
<br />Increase (decrease) in net assets
<br /> 4,9204,246 (1,123) (569) 3,123 4,352
<br />Net position - beginning, as restated
<br /> 72,24341,86876,490 42,486118,358 114,729
<br />Prior Period Adjustment
<br /> (673)(673) (49) (49) (722) (722)
<br />Net position - beginning, restated
<br /> 71,57041,86876,491 42,437118,358 114,729
<br />Net position - ending
<br />$ 76,49080,736$ 40,744$ 41,868$ 121,480$ 118,358$
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