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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 - $591 thousand, La Porte Area
<br />Water Authority - $2.2 million and Airport - $366 thousand. The changes in net position of the
<br />proprietary funds for 2014 was as follows: Utility - decrease of $634 thousand, La Porte Area Water
<br />Authority - increase of $535 thousand and Airport - decrease of $173 thousand.
<br />General Fund Budgetary Highlights
<br />Actual revenues exceeded the final General Fund budgeted revenues by $1,123,864. Sales and use tax
<br />and miscellaneous revenue exceeded the projected budget by $376,955 and $216,379 respectively.
<br />License and fees and fines and forfeitures also exceeded budget by $117,076 and $122,591 respectively.
<br />Total appropriations exceeded expenditures by $977,508, the majority of which can be attributed to five
<br />departments. Administration had a positive variance in the amount of $148,573 due to open positions and
<br />reduction in special programs. Planning and engineering had a positive variance in the amount of
<br />$290,638 due to open positions. The variance in Fire and Police for $151,929 and $188,976 was due to
<br />open positions in the department. Culture and recreation had a positive variance of $115,523 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, 2014 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 increase in the City’s investment
<br />in capital assets for the current fiscal year was approximately $39 thousand. The following table shows
<br />capital asset activity for the 2014 fiscal year (in 000’s):
<br />Governmental ActivitiesBusiness-Type ActivitiesTotals
<br />201420132014201320142013
<br />Land
<br />9,556$ 428$ 428$ 9,900
<br />$ $ 9,472$ 9,984
<br />Construction in progress
<br />11,74012,8571784,07311,918 16,930
<br />Infrastructure
<br />-
<br />14,26015,472 15,47214,260
<br /> -
<br />Buildings and improvements
<br />33,27630,91734,35335,31367,629 66,230
<br />Machinery and equipment
<br />9,7047,7123,12733912,830 8,051
<br /> Total Capital Assets
<br />$ 76,43078,536$ 38,086$ 40,153$ 116,622$ 116,583$
<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 />3/5/2015
<br />projects. Additional information on capital asset activity can be found in note 5 to the financial
<br />projects. Additional information on capital asset ac
<br />Draft
<br />statements. Draft 3/5/2015
<br />Draft 3/5/2015
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