03-27-17 Regular Meeting of the La Porte City Council

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For the year ended September 30, 2016, revenues without transfers in the governmental activities totaled $61,998,809. This represents an increase of approximately $1,782,723 or 3.0% due to a decrease in grants. Business-Type Activities. Revenues without transfers or interest in the business-type activities totaled $9,088,845, a $320,536 decrease from the prior year. This decrease is due to a decrease in grants and contributions and charges for services. A comparison between expenses and program revenues (charges for services) relating to Utility operations follows. Expenses and ProgramRevenues -Business-Type 6000 5000 4000 Expenses 3000 Revenues 2000 1000 0 Water ServicesSewer Services The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requireme combined ending fund balances of $67,753,358, an increase of $8,852,719 from the prior year. This increase is due to an increase in property taxes, and industrial payments. Governmental Funds.- term inflows, outflows and balances of spendable resources. Such information is useful in assessing the The General fund is the chief operating fund of the City. At the end of the current fiscal year, unassigned fund balance of the general fund was $29,385,827, an increase of $4,169,280 due to an increase in revenue collections and cost containment to compare both unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 76.0% of total general fund expenditures and total fund balance represents 103.3% of the same. The Debt Service fund has a total fund balance of approximately $3,540,878, all of which is restricted for the payment of debt service. The net increase in fund balance from the prior year of $380,126 was due to an increase in property tax revenue. 9