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Proprietary Funds.
<br />government-wide financial statements.
<br />Unrestricted net position of the respective proprietary funds are Utility - $2,408,776, La Porte Area
<br />Water Authority - $2,578,718 and Airport - $356,636. The changes in net position of the proprietary
<br />funds for 2016 were as follows: Utility increase of $661,472, La Porte Area Water Authority
<br />decrease of $202,545 and Airport decrease of $146,233.
<br />General Fund Budgetary Highlights
<br />Actual revenues exceeded the final General Fund budgeted revenues by $5,805,850. Property tax,
<br />Industrial Payments, and miscellaneous revenue exceed the projected budget by $2,476,555, $1,940,930
<br />and $655,776, respectively. Licenses and fees and fines and forfeitures also exceeded budget by
<br />$149,926 and $150,322, respectively.
<br />The total appropriations exceeded expenditures by $1,623,933, the majority of which can be attributed
<br />tofive departments. Administration had a positive variance in the amount of $293,654 due to open
<br />positions and reduction in special programs. Planning and engineering had a positive variance in the
<br />amount of $361,791 due to open positions. The variance in Fire and Police for $52,212 and $375,008
<br />was due to open positions in the department. Culture and recreation had a positive variance of $138,427
<br />due to open positions.
<br />Capital Asset and Debt Administration
<br />Capital Assets.-type activities
<br />as of September 30, 2016, amounts to $118,287,308 (net of accumulated depreciation). This investment
<br />incapital assets includes land, buildings, roads, park facilities, water and wastewater plants and service
<br />lines, machinery and equipment, and construction in progress. The total in
<br />investment in capital assets for the current fiscal year was approximately $724,287. The following table
<br />shows capital assets activity for the 2016 fiscal year:
<br />Governmental ActivitiesBusiness-Type ActivitiesTotals
<br />201620152016201520162015
<br />Land$10,289,063$9,525,974$447,791$447,791$10,736,854$9,973,765
<br />Construction in progress12,216,22616,459,209916,411294,38713,132,63716,753,596
<br />Infrastructure14,581,80113,080,230- 14,581,801-13,080,230
<br />Buildings and improvements36,078,58332,752,08531,236,08132,968,68667,314,66465,720,771
<br />10,502,0929,660,0122,019,2602,374,64712,521,35212,034,659
<br />Machinery and equipment
<br />$83,667,765$81,477,510$34,619,543$36,085,511$118,287,308$117,563,021
<br />Total capital assets, net
<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 assets activity can be found on pages 39 40 in the notes to
<br />thefinancial statements.
<br />Long-Term Debt. At the end of the current fiscal year, the City had total bonded debt outstanding of
<br />$35,470,000 of this amounts, $35,120,000 is backed by the full faith and credit of the City, and the
<br />remainder represents revenues bonds secured solely by specific revenue sources.
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