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<br />CITY OF LA PORTE, TEXAS
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />For the Year Ended September 30, 2020
<br />La Porte
<br />Redevelopment Capital
<br />GeneralDebt ServiceAuthorityImprovements
<br />Revenues
<br />Taxes:
<br />Property taxes and penalties20,370,665$ 3,833,522$ 5,315,923$ -$
<br />Other taxes73,904 - - -
<br />Licenses and permits 891,332 - - -
<br />Fines and forfeitures 1,554,668 - - -
<br />Sales and use taxes 6,591,622 - - -
<br />Industrial payments 16,439,510 - - -
<br />Franchise taxes 3,050,853 - - -
<br />Intergovernmental revenues 41,355 - - -
<br />Investment Earnings 628,556 54,299 724 102,742
<br />Charges for services 6,263,368 - - -
<br />Miscellaneous 238,519 - - -
<br />Total revenues
<br /> 56,144,352 3,887,821 5,316,647 102,742
<br />Expenditures
<br />Current:
<br />General government 10,737,547 - 917,042 141,495
<br />Public safety 17,714,244 - - -
<br />Public works 3,350,690 - - -
<br />Health and sanitation 3,145,383 - - -
<br />Culture and recreation 6,285,996 - - 415,821
<br />Capital outlay
<br /> - - 1,614,055-
<br />Debt service:
<br />Principal 3,775,000- 1,923,487 -
<br />Interest and fiscal charges 922,581- 47,498 -
<br />Total expenditures 41,233,860 4,697,581 2,888,027 2,171,371
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures
<br /> 14,910,492 (809,760) 2,428,620 (2,068,629)
<br />Other Financing Sources (Uses)
<br />Transfers in 57,476 1,256,664 6,792,950-
<br />Transfers out (8,119,445) - - -
<br />Proceeds of bonds issuance 2,705,000- - -
<br />Bond premium/discount 352,246- - -
<br />Payment to bond escrow agent (2,982,662)- - -
<br />Proceeds from sales of assets 65,147 - - -
<br />Total Other Financing Sources (Uses)
<br /> (7,996,822) 1,331,248 6,792,950-
<br /> Net Change in Fund Balance
<br /> 6,913,670 521,488 2,428,620 4,724,321
<br />Fund Balances, Beginning
<br /> 57,610,257 4,492,029 1,848,098 8,791,706
<br />Fund Balances, Ending
<br />$ 64,523,927$ 5,013,517$ 4,276,718$ 13,516,027
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<br />Draft 3-12-21
<br />See Notes to Financial Statements 26 Fiscal Year 2020 Annual Report
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