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CITY OF LA PORTE, TEXAS
<br />STATEMENT OF NET POSITION
<br />SEPTEMBER 30, 2016
<br />Primary Government
<br />GovernmentalBusiness-Type
<br />ActivitiesActivitiesTotal
<br />Assets
<br />Cash and cash equivalents$54,716,363$6,511,908$61,228,271
<br />Investments17,549,5132,458,74820,008,261
<br />Receivables, net of allowance for uncollectibles6,282,6361,225,7827,508,418
<br />Due from other governments516,237-516,237
<br />Inventories122,9876,600129,587
<br />Capital assets:
<br />Capital assets not subject to depreciation22,505,2891,364,20223,869,491
<br />61,162,47633,255,34194,417,817
<br />Capital assets, net of accumulated depreciation
<br />83,667,76534,619,543118,287,308
<br />Total capital assets, net
<br />162,855,50144,822,581207,678,082
<br />Total Assets
<br />Deferred Outflows of Resources
<br />Deferred charge on refunding1,037,729-1,037,729
<br />9,253,9021,022,84110,276,743
<br />Deferred outflows related to pensions
<br />10,291,6311,022,84111,314,472
<br />Total Deferred Outflows of Resources
<br />Liabilities
<br />Accounts payable2,098,717339,3322,438,049
<br />Accrued liabilities649,11256,169705,281
<br />Accrued interest-533533
<br />Unearned revenue5,915-5,915
<br />Customer deposits-611,002611,002
<br />Other liabilities1,256,339-1,256,339
<br />Long-term liabilities:
<br />Due within one year3,002,148328,5843,330,732
<br />75,189,0663,917,29279,106,358
<br />Due in more than one year
<br />82,201,2975,252,91287,454,209
<br />Total Liabilities
<br />Deferred Inflows of Resources
<br />Deferred gains on refunding-937937
<br />1,033,661109,3791,143,040
<br />Deferred inflows related to pensions
<br />1,033,661110,3161,143,977
<br />Total Deferred Inflows of Resources
<br />Net Position
<br />Net investment in capital assets48,367,01734,291,66482,658,681
<br />Restricted for:
<br />Debt service5,392,916846,4006,239,316
<br />Economic development5,739,831-5,739,831
<br />Senior citizen programs10,543-10,543
<br />Replacement of trees623,265-623,265
<br />Municipal court building
<br />and technology393,458-393,458
<br />Park improvements423,455-423,455
<br />Public safety1,753,703-1,753,703
<br />Public works3,517,764-3,517,764
<br />23,690,2225,344,13029,034,352
<br />Unrestricted
<br />$89,912,174$40,482,194$130,394,368
<br />Total Net Position
<br />The notes to the financial statements are an
<br />13
<br />integral part of this statement.
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