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10-25-04 Regular Meeting of La Porte Audit Committee
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10-25-04 Regular Meeting of La Porte Audit Committee
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City Meetings
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Audit Committee
Meeting Doc Type
Minutes
Date
10/25/2004
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• <br />CITY OF LA PORTE, TEXAS <br />Notes to the Financial Statements - Continued <br />September 30, 2004 <br />4. Capital Assets - Continued <br />Depreciation expense was charged to functions/programs of the primary government as follows: <br />Governmental activities: <br />General government $ 311,383 <br />Public safety 294,343 <br />Public works 1,082,052 <br />Culture and Recreation 573,086 <br />Capital assets held by the government's internal service funds are <br />charged to the various functions based on their usage of the assets 1,147,524 <br />Total depreciation expense - governmental activities $ 3,408,388 <br />Business -type activities: <br />Water & Sewer Services $1,702,281 <br />Airport 128,543 <br />Golf Course 159,880 <br />Sylvan Beach Pavillion 17,858 <br />Total depreciation expense - business -type activities $ 2,008,562 <br />The City has active construction projects as of September 30, 2004. Total accumulated commitments for <br />ongoing capital projects are composed of the following: <br />Utility Capital Projects Fund <br />Sylvan'Beach Fund <br />Airport Fund <br />Hotel/Motel Occupancy Tax Fund <br />Section 4B Sales Tax <br />TIRZ Fund <br />General CIP <br />S1998 General Obligation Bonds <br />S2000 General Obligation Bonds <br />S2002 General Obligation Bonds <br />Total <br />Remaining <br />Construction <br />Contract <br />In Progress <br />Balance <br />$ 526,082 <br />$ 10,622 <br />34,905 <br />- <br />5,786 <br />- <br />33,765 <br />- <br />748,445 <br />- <br />20,491 <br />- <br />678,315 <br />105,900 <br />128,153 <br />114,444 <br />195,747 - <br />3,090,153 - <br />$ 5,461,842 $ 230,966 <br />58 <br />
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