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CITY OF LA PORTE, TEXAS
<br />TATEMENT OF NET POSITION
<br />S
<br />eptember 30, 2014
<br />S
<br />Primary Government
<br />Governmental Business-type
<br />ActivitiesActivitiesTotal
<br />Assets
<br />Cash and equivalents32,704,844$ 2,012,073$ 34,716,917$
<br />Investments20,896,798 3,272,518 24,169,316
<br />Receivables, net of allowance for uncollectibles
<br /> 878,4635,646,554 6,525,017
<br />Due from Other Governmental Agencies1,073,879 - 1,073,879
<br />Inventories135,197 6,000 141,197
<br />Restricted cash and equivalents- 1,230,457 1,230,457
<br />Capital assets:
<br />Capital assets not subject to depreciation21,296,360 605,786 21,902,146
<br />Capital assets, net of accumulated depreciation
<br /> 37,479,74257,240,002 94,719,744
<br />Total Capital Assets
<br /> 38,085,52878,536,362 116,621,890
<br />Total Assets
<br /> 45,485,039138,993,634 184,478,673
<br />Deferred Outflows of Resources
<br />Deferred charge on refunding 1,212,342 - 1,212,342
<br />Total deferred outflows of resources
<br /> -1,212,342 1,212,342
<br />Liabilities
<br />Accounts payable and accrued liabilities
<br /> 560,5626,185,641 6,746,203
<br />Accrued interest
<br /> 5,77047,173 52,943
<br />Unearned revenues29,670 - 29,670
<br />Customer deposits- 548,210 548,210
<br />Other liabilities49,082 1,500 50,582
<br />Long-term liabilities:
<br />Due within one year
<br /> 929,4153,432,781 4,362,196
<br />Due in more than one year46,232,491 2,961,97749,194,468
<br />Total Liabilities
<br /> 5,007,43455,976,838 60,984,272
<br />Deferred Inflows of Resources
<br />Deferred gain on refunding - 5,031 5,031
<br />Total deferred inflows of resources - 5,031 5,031
<br />Net Position
<br />Net investment in capital assets 54,506,024 35,872,947 90,378,971
<br />Restricted for:
<br />Debt service
<br /> 3,694,192 1,413,314 5,107,506
<br />Economic development
<br />3,466,985 - 3,466,985
<br />Draft 3/5/2015
<br />Grants
<br />402,925 - 402,925
<br />402,925402,925
<br />-
<br />
<br />Public safety
<br />1,738,951 - 1,738,951
<br />1,738,9511,738,951
<br />-
<br />
<br />Public works
<br />1,785,180 - 1,785,180
<br />1,785,1801,785,180
<br />Unrestricted 18,634,881 3,186,313 21,821,194
<br />Total Net Position
<br />$ 84,229,138$ 40,472,574$124,701,712
<br />See Notes to Financial Statements.
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