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CITY OF LA PORTE
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS (continued)
<br />GOVERNMENT-WIDE FINANCIAL ANALYSIS (continued)
<br />The following table provides a summary of the City’s operations for the year ended September 30, 2019,
<br />with comparative data total for the year ended September 30, 2018. Governmental activities increased the
<br />City’s net position by $17.2 million as a result of operations, and Business-type activities decreased net
<br />position by $0.1 million as a result of operations.
<br />Statement of Activities
<br />The following table provides a summary of the City’s changes in net position:
<br />CHANGES IN NET POSITION
<br />For the Fiscal Years Ended September 30, 2019 and 2018
<br />Governmental ActivitiesBusiness-type ActivitiesTotal
<br />201920182019201820192018
<br /> Revenues
<br /> Program revenues:
<br /> Charges for Services10,488,224$ 8,569,995$ 9,558,239$ 10,109,405$ 20,046,463$ 18,679,400$
<br /> Operating grants and
<br /> contributions1,303,376 356,095- - 1,303,376 356,095
<br /> Capital grants and
<br /> contributions596,878 595,260262,977 126,359 859,855 721,619
<br />General revenues:
<br /> Property taxes26,484,216 25,413,898- - 26,484,216 25,413,898
<br /> Other taxes16,979,87115,165,838- - 16,979,871 15,165,838
<br /> Industrial payments14,899,62414,147,728- - 14,899,624 14,147,728
<br /> Investment earnings2,414,5931,228,759360,285152,5572,774,878 1,381,316
<br /> Miscellaneous251,400 251,508(12,350) - 239,050 251,508
<br /> Total Revenues
<br /> 65,729,08110,169,15173,418,182 10,388,32183,587,333 76,117,402
<br /> Expenses
<br />General government15,519,147 15,832,003- - 15,519,147 15,832,003
<br />Public safety21,356,779 21,673,188- - 21,356,779 21,673,188
<br />Public works7,818,696 9,796,326- - 7,818,696 9,796,326
<br />Culture and recreation6,932,569 6,513,794- - 6,932,569 6,513,794
<br />Health, welfare and sanitation4,016,465 4,685,795- - 4,016,465 4,685,795
<br />Interest on long-term debt900,287 1,059,007- - 900,287 1,059,007
<br />Water services- - 7,985,233 8,788,1137,985,233 8,788,113
<br />Sewer services- - 1,769,8301,926,1331,769,8301,926,133
<br />Airport- - 157,008 133,093157,008 133,093
<br /> Total Expenses
<br /> 59,560,1139,912,07110,847,33966,456,01470,407,45256,543,943
<br /> Increase in Net Position
<br /> Before Transfers
<br />16,874,2396,168,968257,080(459,018)17,131,3195,709,950
<br /> Transfers360,864 (1,922,963)(360,864) 1,922,963--
<br />Change in Net Position
<br /> 17,235,1034,246,005(103,784) 1,463,94517,131,3195,709,950
<br /> Net position, Beginning 75,951,42395,482,21540,210,984 41,963,704116,162,407 137,445,919
<br />Change in accounting policies/standards (23,776,797)- - (3,216,665) (26,993,462)-
<br /> Net Position, Ending
<br />$ 93,186,526$ 75,951,423$ 40,107,200$ 40,210,984$ 133,293,726$ 116,162,407
<br />DRAFT 02.25.2020
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