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<br />CITY OF LA PORTE, TEXAS
<br />Management's Discussion and Analysis
<br />For the Year Ended September 30, 2004
<br />Analysis of the City's Operations — the following table provides a summary of the City's operations for the
<br />year ended September 30, 2004, with comparative totals for year ended September 30, 2003.
<br />Governmental activities decreased the City of La Porte's net assets by $256,003, accounting for 23% of the
<br />total decline in net assets. Business -type activities decreased the City's net assets by $849,880, accounting
<br />for 77% of the total decline in net assets.
<br />City of La Porte's Changes in Not Assets
<br />Governmental Business -Type '
<br />Activities Activities Total
<br />2004 2003 2004 2003 2004 2003
<br />Revenues:
<br />Program Revenues:
<br />Charges for Services
<br />$ 3,697,062 $
<br />5,320,571
<br />$ 7,884,198 $
<br />7,785,689
<br />$11,581.258 $
<br />13.106,280
<br />operating grants and contributions
<br />576,262
<br />480,037
<br />-
<br />-
<br />576,282
<br />480,037
<br />General revenues:
<br />Properly taxes, levied for general purposes
<br />9,139,422
<br />8,797,888
<br />-
<br />-
<br />9,139,422
<br />8,797,886
<br />Property taxes, levied for debt service
<br />1,922,117
<br />2,070,120
<br />-
<br />1,922.117
<br />2,070,120
<br />Industrial payments
<br />6,898,112
<br />7,276,821
<br />-
<br />-
<br />8,896,112
<br />7,276,821
<br />Franchise taxes
<br />1,718,875
<br />1,682,849
<br />-
<br />-
<br />1,718,875
<br />1,682,849
<br />Sales tax
<br />3,283,459
<br />3,037,574
<br />-
<br />-
<br />3,263.459
<br />3,037,574
<br />unrestricted investment earnings
<br />376,359
<br />542,254
<br />88,602
<br />121,174
<br />464,961
<br />663,428
<br />Miscellaneous
<br />495,102
<br />704,886
<br />914,943
<br />889,298
<br />1,410,045
<br />1,594,184
<br />Gain (loss) on saletretirement of capital assets
<br />(119,204)
<br />(260,545)
<br />(5,784)
<br />-
<br />(124,988)
<br />(260,546)
<br />Total revenues
<br />$ 27.965,568
<br />29,652,453
<br />8,881,957
<br />8,796,161
<br />36,847,523
<br />38.448,614
<br />Expenses:
<br />General Government
<br />10,428.287
<br />8,625,554
<br />-
<br />-
<br />10,428.287
<br />8.625,654
<br />Public Safety
<br />11,648,075
<br />10,771,423
<br />-
<br />-
<br />11.648,075
<br />10,771,423
<br />Public Works
<br />1,267,829
<br />3,638,063
<br />-
<br />1,267,829
<br />3,638,063
<br />Health and Sanitation
<br />1,906,519
<br />1,823,462
<br />-
<br />-
<br />1,908,519
<br />1.823,462
<br />Culture and Recreation
<br />4,106,491
<br />4,048,974
<br />-
<br />-
<br />4,106,491
<br />4,048,974
<br />Interest on Long-term debt
<br />689,644
<br />747,351
<br />-
<br />-
<br />689,644
<br />747,351
<br />Water Services
<br />-
<br />-
<br />6.686,457
<br />6,339.238
<br />6,686,457
<br />6,339,238
<br />Sewer Services
<br />-
<br />1,895,709
<br />1,913,284
<br />1,895,709
<br />1,913,284
<br />Airport
<br />-
<br />-
<br />142,765
<br />149,472
<br />142,765
<br />149,472
<br />Bay Forest Golf Course
<br />-
<br />1,222,819
<br />1,284,729
<br />1,222,819
<br />1,284,729
<br />Sylvan Beach Convention Center
<br />-
<br />-
<br />194.314
<br />212,947
<br />194,314
<br />212,947
<br />Total Expenses
<br />30.046,845
<br />29,654,827
<br />10,142,064
<br />9,899.070
<br />40,188,909
<br />39,554,497
<br />Change In net assets before transfers
<br />(2,081,279)
<br />(2,374)
<br />(1,260,107)
<br />(1.103,609)
<br />(3,341.386)
<br />(1,105,883)
<br />Transfers
<br />884,697
<br />(253,629)
<br />(254,664)
<br />263,629
<br />430,033
<br />-
<br />Change in net assets
<br />(1,398,582)
<br />(256,003)
<br />(1.514,771)
<br />(849.880)
<br />(2,911,353)
<br />(1,105,883)
<br />Netassets- beginning
<br />53,157,984
<br />53,413,987
<br />33,861,874
<br />34,711,754
<br />87,019,858
<br />88,125,741
<br />Netassets- ending
<br />$ 51,761,402 $
<br />53,157,984
<br />$ 32,347,103 $
<br />33,861,874
<br />$ 84,108,505 $
<br />87,019.858
<br />20
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