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CITY OF LA PORTE, TEXAS
<br />Statement of Net Assets
<br />'
<br />September 30, 2004
<br />Primary Govemment
<br />Govemmental
<br />Business -type
<br />'
<br />Activities
<br />Activities
<br />Total
<br />ASSETS
<br />'
<br />Cash and cash equivalents
<br />Investments
<br />$ 19,013,897 $
<br />6,952,943
<br />1,795,120 $
<br />2,436,526
<br />20,809,017
<br />9,389,469
<br />Receivables, net of
<br />allowance for uncollectibles
<br />Accounts receivable
<br />3,333,060
<br />959,226
<br />4,292,286
<br />Taxes receivable
<br />1,327,767
<br />1,327,767
<br />Due from other governments
<br />4,716
<br />-
<br />4,716
<br />Accrued interest receivable
<br />39,402
<br />12,545
<br />51,947
<br />'
<br />Materials and supplies inventories at cost
<br />105,671
<br />4,540
<br />110,211
<br />Restricted Assets:
<br />Cash and cash equivalents restricted
<br />for customer service deposits
<br />437,913
<br />437,913
<br />'
<br />Investments restricted for debt service
<br />565,000
<br />565,000
<br />Other
<br />1,595,841
<br />1,595,841-
<br />Capital assets:
<br />Land
<br />7,681,339
<br />2,739,850
<br />10,421,189
<br />Buildings and improvements
<br />17,844,812
<br />1,052,882
<br />18,897,694
<br />Improvements other than buildings
<br />7,191,272
<br />62,200,573
<br />69,391,845
<br />'
<br />Infrastructure
<br />Machinery and equipment
<br />23,390,331
<br />12,191,599
<br />-
<br />463,060
<br />23,390,331-
<br />12,654,659
<br />Construction in progress
<br />4,834,424
<br />623,632
<br />5,458,056
<br />Accumulated depreciation
<br />(32,005,155)
<br />(32,969,402)
<br />(64,974,557)
<br />'
<br />Total assets
<br />71,906,078
<br />41,917,306
<br />113,823,384
<br />LIABILITIES
<br />Accounts payable
<br />3,589,932
<br />. 396,957
<br />3,986,889.
<br />'
<br />Accrued salaries payable
<br />632,484
<br />142,095
<br />774-1579
<br />Deferred revenue
<br />90,043
<br />42,637'
<br />132,680
<br />Other current liabilities
<br />18,281
<br />18,281
<br />Current portion of bonds payable
<br />1,330,000
<br />985,000
<br />2,315,000
<br />Accrued interest payable
<br />28,760
<br />17,030
<br />45,790
<br />Customer deposits
<br />501,532
<br />501,532
<br />Noncurrent liabilities
<br />Bonds payable, net of current portion
<br />11,900,000
<br />7,129,179
<br />19,029;179
<br />Accrued separation pay
<br />2,573,457
<br />378,289
<br />2,951,746
<br />Total liabilities
<br />20,144,676
<br />9,611, 000
<br />29,755,676
<br />'
<br />NET ASSETS
<br />Invested in capital assets, net of related debt
<br />22,294,484
<br />3,268,462
<br />25,562,946
<br />Restricted for.
<br />Debt service
<br />1,797,213
<br />3,662,800
<br />5,460,013
<br />Capital projects
<br />7,083,521
<br />7,083,521
<br />Other purposes
<br />4,002,670
<br />-
<br />4,002,670
<br />Unrestricted
<br />16,583,514
<br />25,415,841
<br />41,999,355
<br />Total net assets
<br />$ 51,761,402 $
<br />32,306,306 $
<br />84,067,708
<br />See accompanying notes to financial statements.
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