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CITY OF LA PORTE
<br />MANAGEMENT'S DISCUSSIONAND ANALYSIS (continued)
<br />General Fund Budgetary Highlights
<br />Actual revenues exceeded the final General Fund budgeted revenues by $4.0 million. The two major drivers
<br />were sales and use taxes exceeded budget by $1.3 million, property taxes and industrial payments exceeded
<br />budget by $792 thousand and $773 thousand respectively.
<br />The total appropriations exceeded expenditures by $2.7 million, the majority of which can be attributed to
<br />three departments. General government had a positive variance of $1.7 million, public safety had a positive
<br />variance of $707 thousand and culture and recreation had a positive variance of $253 thousand.
<br />Capital Asset and Debt Administration
<br />Capital Assets. The City's investment in capital assets for its governmental and business -type activities
<br />as of September 30, 2018, amounts to $111.2 million (net of accumulated depreciation). This investment
<br />in capital assets includes land, buildings, roads, park facilities, water and wastewater plants and service
<br />lines, machinery and equipment, and construction in progress. The total decrease in the City's investment
<br />in capital assets for the current fiscal year was approximately $6.9 million. The following table shows
<br />capital assets activity for the 2018 fiscal year:
<br />SCHEDULE OF CAPITAL ASSETS
<br />(net of depreciation)
<br />Governmental Activities
<br />Business -type Activities
<br />Total
<br />2018
<br />2017
<br />2018
<br />2017
<br />2018
<br />2017
<br />Land
<br />$ 10,387,209 $
<br />10,387,209 $
<br />447,791 $
<br />447,791
<br />$ 10,835,000 $
<br />10,835,000
<br />Construction in progress
<br />2,445,613
<br />12,655,665
<br />2,035,288
<br />2,287,458
<br />4,480,901
<br />14,943,123
<br />Infrastructure
<br />22,014,466
<br />13,724,090
<br />-
<br />-
<br />22,014,466
<br />13,724,090
<br />Buildings and improvements
<br />33,792,544
<br />35,861,538
<br />27,449,863
<br />28,827,546
<br />61,242,407
<br />64,689,084
<br />Machinery and equipment
<br />10,352,446
<br />11,649,431
<br />2,267,026
<br />2,219,829
<br />12,619,472
<br />13,869,260
<br />Totals
<br />$ 78,992,278 $
<br />84,277,933 $
<br />32,199,968 $
<br />33,782,624
<br />$ 111,192,246 $
<br />118,060,557
<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 52 — 53 in the notes to the
<br />financial statements.
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