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CITY OF LA PORTE
<br />MANAGEMENT'S DISCUSSIONAND ANALYSIS (continued)
<br />GOVERNMENT -WIDE FINANCIAL ANALYSIS
<br />As noted earlier, net position may serve over time as a useful indicator of the City's financial position. For
<br />the City, assets and deferred outflows exceed liabilities and deferred inflows by $116 million as of
<br />September 30, 2018, in the primary government as follows:
<br />SUMMARY OF STATEMENT OF NET POSITION
<br />As of September 30, 2018 and 2017
<br />Governmental
<br />Business -type
<br />Activities
<br />Activities
<br />Total
<br />2018 2017
<br />2018
<br />2017
<br />2018
<br />2017
<br />Current and other assets $ 104,687,724 $ 96,892,982 $
<br />15,951,689 $
<br />12,559,374
<br />$ 120,639,413 $
<br />109,452,356
<br />Capital assets, net 78,992,278 84,277,933
<br />32,199,968
<br />33,782,624
<br />111,192,246
<br />118,060,557
<br />Total Assets 183,680,002 181,170,915
<br />48,151,657
<br />46,341,998
<br />231,831,659
<br />227,512,913
<br />Deferred Outflows
<br />6,380,346
<br />8,569,349
<br />697,304
<br />822,088
<br />7,077,650
<br />9,391,437
<br />Other liabilities
<br />6,734,276
<br />6,257,937
<br />1,038,918
<br />1,006,905
<br />7,773,194
<br />7,077,925
<br />Long-term Liabilities
<br />103,146,798
<br />87,284,296
<br />7,108,959
<br />4,115,794
<br />110,255,757
<br />91,587,007
<br />Total Liabilities
<br />109,881,074
<br />93,542,233
<br />8,147,877
<br />5,122,699
<br />118,028,951
<br />98,664,932
<br />Deferred Inflows
<br />4,227,851
<br />715,816
<br />490,100
<br />77,683
<br />4,717,951
<br />793,499
<br />Net Position:
<br />Net investment in capital assets
<br />43,421,145
<br />44,468,918
<br />32,199,968
<br />33,782,624
<br />75,621,113
<br />78,251,542
<br />Restricted
<br />31,025,084
<br />24,105,852
<br />-
<br />520,000
<br />31,025,084
<br />24,625,852
<br />Unrestricted
<br />1,505,194
<br />26,907,445
<br />8,011,016
<br />7,661,080
<br />9,516,210
<br />34,568,525
<br />Total Net Position
<br />$ 75,951,423 $
<br />95,482,215 $
<br />40,210,984 $
<br />41,963,704
<br />$ 116,162,407
<br />$ 137,445,919
<br />Net Investment in Capital Assets
<br />The largest portion of the City's net position (65.1%) reflects its investment in capital assets (e.g., land,
<br />buildings, machinery, equipment, improvements, construction in progress and infrastructure), less any debt
<br />used to acquire those assets that is still outstanding. The City uses these capital assets to provide services
<br />to citizens; consequently, these assets are not available for future spending. Although the City's investment
<br />in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this
<br />debt must be provided from other sources, since the assets themselves cannot be used to liquidate these
<br />liabilities.
<br />Restricted Net Position
<br />A portion of the City's net position, $31.0 million or 26.7% represents resources that are subject to
<br />external restriction on how they may be used.
<br />Unrestricted Net Position
<br />The City reports an unrestricted net position of $9.5 million or 8.2%. This is a decrease of $25.1
<br />million. The decrease is a result of the implementation of GASB Statement No. 75 and the changes
<br />in total OPEB liability.
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