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<br />Exhibit A-6 <br />CITY OF LA PORTE, TEXAS <br />RECONCILIATION OF THE STATEMENT OF REVENUES, <br />EXPENDITURES, AND CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS <br />TO THE STATEMENT OF ACTIVITIES <br />For the Year Ended September 30, 2020 <br />Amounts reported for governmental activities in the statement of activities are different because: <br />Net change in fund balance-total governmental funds.$ 15,959,547 <br />Governmental funds report capital outlays as expenditures. However in the statement of activities <br />the cost of those assets is allocated over their estimated useful lives and reported as depreciation <br />expense. This is the amount by which depreciation ($4,993,657) exceeded capital outlay ($4,017,930) <br /> (975,727) <br />Governmental funds do not present revenues that are not available to pay current obligations. In <br />contrast, such revenues are reported in the Statement of Activities when earned. <br /> (120,956) <br />Bonds and other debt proceeds provide current financial resources to governmental funds, but <br />issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of bond and <br />other debt principal is an expenditure in the governmental fund, but repayment reduces the long-term <br />liabilities in the Statement of Net Position. Also, governmental funds report the effect of premiums, <br />discounts, and other similar items when debt is first issued, whereas these amounts are deferred and <br />amortized in the statement of activities <br />Issuance of refunding bonds (2,705,000) <br />Payment to escrow agent 2,982,662 <br />Premium (352,246) <br />Principal paid on bonds 3,775,000 <br />Some expenses reported in the statement of activities do not require the use of current financial <br />resources are therefore are not reported as expenditures in governmental funds. This adjustment <br />reflects the net change in: <br />Deferred outflows related to pensions (5,937,225) <br />Deferred inflows related to pensions (3,929,655) <br />Net pension liability 10,067,809 <br />Deferred outflows related to OPEB 5,714,746 <br />Deferred inflows related to OPEB (521,402) <br />Total OPEB liability (8,246,295) <br />Compensated absences payable (279,082) <br />Amortization of deferred amount on refunding (157,457) <br />Amortization of bond premiums 230,152 <br />Payment to developer (2,369,746) <br />The net income (loss) of certain activities of internal service funds is reported with governmental <br />activities. 1,791,257 <br />Change in Net Position of Governmental Activities <br />$ 14,926,382 <br /> <br />Draft 3-12-21 <br />See Notes to Financial Statements 28 Fiscal Year 2020 Annual Report <br /> <br />