|
CITY OF LA PORTE, TEXAS
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued)
<br />Proprietary Funds.
<br /> The City’s proprietary funds provide the same type of information found in the
<br />government-wide financial statements.
<br />Unrestricted net position of the respective proprietary funds are Utility - $52 thousand, La Porte Area
<br />Water Authority - $1.8 million and Airport - $371 thousand. The changes in net position of the
<br />proprietary funds for 2013 was as follows: Utility - decrease of $1.3 million, La Porte Area Water
<br />Authority - increase of $390 thousand and Airport - decrease of $154 thousand.
<br />General Fund Budgetary Highlights
<br />Actual revenues exceeded original and amended General Fund budgeted revenues by $3,290,047.
<br />Property taxes and industrial payments exceeded the projected budget by $1,409,482 and $577,472
<br />respectively. Sales and use taxes and franchise fees also exceeded budget by $620,858 and $52,518
<br />respectively.
<br />Total appropriations exceeded expenditures by $1,685,676, the majority of which can be attributed to five
<br />departments. Administration had a positive variance in the amount of $307,894 due to open positions and
<br />reduction in special programs. Planning and engineering had a positive variance in the amount of
<br />$225,751 due to open positions. The variance in Fire and Police for $269,709 and $288,774 was due to
<br />open positions in the department. Culture and recreation had a positive variance of $188,346 due to open
<br />positions.
<br />Capital Asset and Debt Administration
<br />Capital Assets.
<br /> The City’s investment in capital assets for its governmental and business type activities
<br />,
<br />as of September 30, 2013 amounted to $116.6 million (net of accumulated depreciation). This investment
<br />in capital assets includes land, buildings, roads, park facilities, water and wastewater plants and service
<br />lines, machinery and equipment, and construction in progress. The total decrease in the City’s investment
<br />in capital assets for the current fiscal year was approximately $855 thousand. The following table shows
<br />capital asset activity for the 2013 fiscal year (in 000’s):
<br />Governmental ActivitiesBusiness-Type ActivitiesTotals
<br />201320122013201220132012
<br />Land
<br />$ 9,5109,472$ 428$ 428$ 9,900$ 9,938$
<br />Construction in progress
<br />12,85710,2694,0723,75116,929 14,020
<br />Infrastructure
<br /> --
<br />15,47216,051 16,05115,472
<br />Buildings and improvements
<br />30,91732,87735,31337,10166,230 69,978
<br />Machinery and equipment
<br />7,7127,1813392698,051 7,450
<br /> Total Capital Assets
<br />$ 75,88876,430$ 40,153$ 41,549$ 116,582$ 117,437$
<br />Major capital asset events during the current year include the reporting of a drainage master plan study.
<br />Construction in progress at year-end represents ongoing projects; to include various water and sewer
<br />projects. Additional information on capital asset activity can be found in note 5 to the financial
<br />statements.
<br />9
<br />
<br />
|