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CITY OF LA PORTE
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued)
<br />GOVERNMENT-WIDE FINANCIAL ANALYSIS
<br />As noted earlier, net position may serve over time as a useful indicator of the City’s financial position. For
<br />the City, assets and deferred outflows exceed liabilities and deferred inflows by $133.3 million as of
<br />September 30, 2019, in the primary government as follows:
<br />SUMMARY OF STATEMENT OF NET POSITION
<br />As of September 30, 2019 and 2018
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />201920182019201820192018
<br />Current and other assets$ 119,212,211$ 104,687,724$ 16,809,064$ 15,951,689$ 136,021,275$ 120,639,413
<br />Capital assets, net 77,806,84478,992,27831,735,493 32,199,968109,542,337 111,192,246
<br />Total Assets
<br /> 197,019,055183,680,00248,544,557 48,151,657245,563,612 231,831,659
<br />Deferred Outflows
<br /> 12,602,320 6,380,346 1,354,413 697,304 13,956,733 7,077,650
<br />Other liabilities 5,993,3006,734,2761,159,564 1,038,9187,152,864 7,773,194
<br />Long-term Liabilities 108,818,478103,146,7988,453,418 7,108,959117,271,896 110,255,757
<br />Total Liabilities
<br /> 114,811,778109,881,0749,612,982 8,147,877124,424,760 118,028,951
<br />Deferred Inflows
<br /> 1,623,071 4,227,851 178,788 490,100 1,801,859 4,717,951
<br />Net Position:
<br />Net investment in capital assets 53,011,91443,421,14531,735,493 32,199,96884,747,407 75,621,113
<br />Restricted 30,267,21931,025,084 - - 30,267,219 31,025,084
<br />Unrestricted 9,907,3931,505,1948,371,707 8,011,01618,279,100 9,516,210
<br />Total Net Position
<br />$ 93,186,526$ 75,951,423$ 40,107,200$ 40,210,984$ 133,293,726$ 116,162,407
<br />Net Investment in Capital Assets
<br />The largest portion of the City’s net position (63.6%) reflects its investment in capital assets (e.g., land,
<br />buildings, machinery, equipment, improvements, construction in progress and infrastructure), less any debt
<br />used to acquire those assets that is still outstanding. The City uses these capital assets to provide services
<br />to citizens; consequently, these assets are not available for future spending. Although the City’s investment
<br />in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this
<br />debt must be provided from other sources, since the assets themselves cannot be used to liquidate these
<br />liabilities.
<br />Restricted Net Position
<br />A portion of the City’s net position, $30.3 million or 22.7% represents resources that are subject to external
<br />restriction on how they may be used.
<br />Unrestricted Net Position
<br />The City reports an unrestricted net position of $18.3 million or 13.7%. This is an increase of $8.8 million.
<br />The change is attributed primarily to governmental activities increase in revenues related to taxes, operating
<br />grants and investment earnings.
<br />DRAFT 02.25.2020
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