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CITY OF LA PORTE
<br />TATEMENT OF NET POSITION
<br />S
<br />ROPRIETARY FUNDS
<br />P
<br />eptember 30, 2014
<br />S
<br />Governmental
<br />Business-type ActivitiesActivities
<br />Internal Service
<br />Utility FundLPAWAAirportTotalsFund
<br />Assets
<br />Current Assets:
<br />Cash and cash equivalents
<br />$ 856,608932,300$ 223,165$ 2,012,073$ 2,950,971$
<br />Investments
<br /> 1,692,9521,435,456 144,110 3,272,518 1,901,617
<br />Accounts receivable, net of allowance for
<br />doubtful accounts
<br /> 182,551690,192 2,404 875,147 127,056
<br />Accrued interest receivable
<br /> 1,6731,454 189 3,316 2,496
<br />Inventories
<br />6,000 - 6,000 32,422
<br /> -
<br />Restricted cash and cash equivalents
<br /> 540,735 689,722 - 1,230,457 -
<br />Total Current Assets
<br /> 3,606,137 3,423,506 369,868 7,399,511 5,014,562
<br />Non-current Assets:
<br />Capital Assets:
<br />Land and improvements
<br /> 224,308 - 203,504 427,812 -
<br />Construction in progress
<br /> 177,974 - 177,974 -
<br /> -
<br />Buildings and improvements
<br /> 57,620 - 57,620 -
<br /> -
<br />Improvements other than buildings
<br /> 66,734,724 15,429,680 5,778,399 87,942,803 -
<br />Vehicles and equipment
<br /> 3,549,084 6,130 - 3,555,214 16,022,421
<br />Less Accumulated depreciation
<br /> (41,363,920) (9,090,984) (3,620,991) (54,075,895) (8,007,376)
<br />Total Non-current Assets
<br /> 29,379,790 6,344,826 2,360,912 38,085,528 8,015,045
<br />Total Assets
<br /> 32,985,927 9,768,332 2,730,780 45,485,039 13,029,607
<br />Liabilities
<br />Current Liabilities:
<br />Accounts payable
<br /> 377,431 46,595 951 424,977 29,176
<br />Accrued salaries payable
<br /> 113,943 - 1,205 115,148 24,053
<br />Unearned Revenue
<br /> - 745
<br />Other current liabilities
<br /> 20,437 - 1,730 22,167 -
<br />Interest payable
<br /> 3,654 2,116 - 5,770 -
<br />Customer deposits
<br /> 548,210 - 548,210 -
<br /> -
<br />Claims and judgments
<br /> - - 575,349
<br /> - -
<br />Long-term debt, current portion
<br />Compensated absences
<br />16,915 - - 16,915 -
<br />Bonds payable
<br /> 262,500 650,000 - 912,500 -
<br />Total Current Liabilities
<br /> 1,343,090 698,711 3,886 2,045,687 629,323
<br />Non-current Liabilities:
<br />Compensated absences
<br /> 194,517 - 194,517 57,033
<br /> -
<br />Net pension obligation
<br /> 276,555 - 276,555 -
<br /> -
<br />OPEB obligation
<br /> 1,195,625 - 1,195,625 -
<br /> -
<br />Bonds payable
<br /> 262,500 1,032,550 - 1,295,050 -
<br />Total Non-current Liabilities
<br /> 1,929,197 1,032,550 - 2,961,747 57,033
<br />Total Liabilities
<br /> 3,272,287 1,731,261 3,886 5,007,434 686,356
<br />Deferred Inflows of Resources
<br />Deferred gain on refunding
<br /> - 5,031 - 5,031 -
<br />Total deferred inflows of resources
<br /> - 5,031 - 5,031 -
<br />3/5/2015
<br />Net Position
<br />Net investment in capital assets
<br /> 28,173,567 4,657,245 2,360,912 35,191,724 8,015,045
<br />Net investment in capital assetsNet investment in capital assets
<br />28,173,56728,173,56728,173,56728,173,5674,657,2454,657,2452,360,9122,360,91235,191,72435,191,724
<br />
<br />Restricted for debt service
<br /> 949,018 1,147,160 - 2,096,178 -
<br />949,018949,018949,0181,147,1601,147,1602,096,1782,096,178
<br />-
<br />
<br />Unrestricted 591,055 2,227,635 365,982 3,184,672 4,328,206
<br />Total Net Position
<br />$ 29,713,640$ 8,032,040$ 2,726,894$ 40,472,574$ 12,343,251
<br />
<br />See Notes to Financial Statements.
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