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<br />CITY OF LA PORTE, TEXAS Exhibit A-7
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />September 30, 2020
<br />Business-Type Activities - Enterprise Funds
<br />Governmental
<br />Total Activities -
<br />Enterprise Internal
<br />UtilityLPAWAAirportFundsService Funds
<br />Assets
<br />Current Assets:
<br />Cash and cash equivalents$ 13,101,752$ 2,479,123$ 100,855$ 15,681,730$ 11,577,821
<br />Investments213,11241,9951,708256,815 200,539
<br />Other receivables, net of allowance - - - - 3,652
<br />Due from other governments - - - - 119,927
<br />Inventories33,000 - - 33,000 53,487
<br />Accounts receivable, net of allowance
<br />for doubtful accounts1,016,328119,97114,9801,151,279 -
<br />Total Current Assets 14,364,192 2,641,089 117,543 17,122,824 11,955,426
<br />Noncurrent Assets:
<br />Capital assets:
<br /> Land and Improvements224,308 223,483447,791- -
<br />Construction in progress4,813,687 156,1494,969,836- -
<br />Buildings and improvements156,649 6,147,7266,304,375- -
<br />Improvements other than buildings71,261,54815,592,180 86,853,728- -
<br />Vehicles and equipment4,100,33647,371 4,147,707- 20,734,135
<br />Less accumulated depreciation(53,832,835) (11,869,236) (4,439,031) (70,141,102) (13,060,474)
<br />Total Noncurrent Assets 26,723,693 3,770,315 2,088,327 32,582,335 7,673,661
<br />Total Assets
<br /> 41,087,885 6,411,404 2,205,870 49,705,159 19,629,087
<br />Deferred Outflows
<br />Deferred outflows related to pensions372,700 - - 372,700 -
<br />Deferred outflows related to OPEB1,116,800 - - 1,116,800 -
<br />Total Deferred Outflows
<br /> 1,489,500 - 1,489,500- -
<br />Liabilities
<br />Current liabilities:
<br /> Accounts payable 900,422974,523 1,874,945- 81,792
<br />Accrued wages payable80,029 -77680,805 -
<br />Accrued liabilities62,145 - - 62,145 22,089
<br /> Customer deposits644,397 - 1 ,500 645,897 -
<br /> Claims and judgments - - - - 640,338
<br />Long-Term Debt, Current Portion
<br />Compensated absences 8,158 - - 8,158 -
<br />Total Current Liabilities 1,695,151 974,523 2 ,276 2,671,950 744,219
<br />Noncurrent Liabilities:
<br />Compensated absences154,994 - - 154,994 45,612
<br />Net pension liability1,208,499 - - 1,208,499 -
<br />Net OPEB liability7,191,800 - - 7,191,800 -
<br /> Total Noncurrent Liabilities 8,555,293 - - 8,555,293 45,612
<br />Total Liabilities
<br /> 10,250,444 974,523 2 ,276 11,227,243 789,831
<br />Deferred Inflows of Resources
<br />Deferred inflows related to pensions585,800 - - 585,800 -
<br />Deferred inflows related to OPEB89,500 - - 89,500 -
<br />Total Deferred Inflows of Resources
<br /> 675,300 - - 675,300 -
<br />Net Position
<br />Investment in capital assets 26,723,693 3,770,315 2,088,327 32,582,335 7,673,661
<br />Unrestricted4,927,9481,666,566115,2676,709,781 11,165,595
<br />Total Net Position
<br />$ 31,651,641$ 5,436,881$ 2,203,594$ 39,292,116$ 18,839,256
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<br />Draft 3-12-21
<br />See Notes to Financial Statements 29 Fiscal Year 2020 Annual Report
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