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CITY OF LA PORTE, TEXAS
<br />MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued)
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<br />Enterprise funds are used to report the same functions presented as business-type activities in the government-wide
<br />financial statements, only in more detail. The City uses enterprise funds to account for its utility operations, La
<br />Porte Area Water Authority and the Airport. All internal service funds are combined into a single aggregated
<br />presentation in the proprietary fund financial statements. The basic proprietary fund financial statements can be
<br />found on pages 29 - 34 of this report.
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<br />NOTES TO THE FINANCIAL STATEMENTS
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<br />The notes provide additional information that is essential to a full understanding of the data provided in the
<br />government-wide and fund financial statements. The notes can be found on pages 35 - 79 of this report.
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<br />OTHER INFORMATION
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<br />In addition to the basic financial statements and the accompanying notes, this report also presents certain required
<br />supplementary information concerning the CityÓs progress in funding its obligation to provide other post-
<br />employment benefits, pension information and general fund budgetary comparisons. Required supplementary
<br />information can be found on pages 80 - 86 of the CityÓs Comprehensive Annual Financial Report.
<br />The combining statements referred to earlier in connection with nonmajor governmental funds and internal services
<br />funds are presented immediately following the required supplementary information. Combining and individual
<br />fund statements and supporting schedules can be found beginning on page 92 of the CityÓs Comprehensive Annual
<br />Financial Report.
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<br />GOVERNMENT-WIDE FINANCIAL ANALYSIS
<br />As noted earlier, net position may serve over time as a useful indicator of the CityÓs financial position. For the City,
<br />assets and deferred outflows exceed liabilities and deferred inflows by $147.4 million as of September 30, 2020, in
<br />the primary government as follows:
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<br />SUMMARY OF STATEMENT OF NET POSITION
<br />As of September 30, 2020 and 2019
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />202020192020201920202019
<br />Current and other assets$ 137,689,960$ 119,212,211$ 17,122,824$ 16,809,064$ 154,812,784$ 136,021,275
<br />Capital assets, net 76,085,59477,806,84432,582,335 31,735,493108,667,929 109,542,337
<br />Total Assets
<br /> 213,775,554197,019,05549,705,159 48,544,557263,480,713 245,563,612
<br />Deferred Outflows
<br /> 12,277,391 12,602,320 1,489,500 1,354,413 13,766,891 13,956,733
<br />Other liabilities 6,097,1615,993,3002,663,792 1,159,5648,760,953 7,152,864
<br />Long-term Liabilities 105,768,748108,818,4788,563,451 8,453,418114,332,199 117,271,896
<br />Total Liabilities
<br /> 111,865,909114,811,77811,227,243 9,612,982123,093,152 124,424,760
<br />Deferred Inflows
<br /> 6,074,128 1,623,071 675,300 178,788 6,749,428 1,801,859
<br />Net Position:
<br />Net investment in capital assets 52,403,86453,011,91432,582,335 31,735,49384,986,199 84,747,407
<br />Restricted 39,484,82430,280,877 - 39,484,824- 30,280,877
<br />Unrestricted 16,224,2209,893,7356,709,781 8,371,70722,934,001 18,265,442
<br />Total Net Position
<br />$ 108,112,908$ 93,186,526$ 39,292,116$ 40,107,200$ 147,405,024$ 133,293,726
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<br />Draft 3-12-21
<br /> 9 Fiscal Year 2020 Annual Report
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