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<br />1
<br />CITY OF LA PORTE, TEXAS
<br />Debt Service Fund
<br />Schedule of Revenues, Expenditures and Changes
<br />in Fund Balances
<br />Budget and Actual
<br />For
<br />the Year Ended September 30, 2004
<br />Variance with
<br />Final Budget
<br />1
<br />Budgeted Amounts
<br />Positive
<br />Original Final
<br />Actual Amounts
<br />(Negative)
<br />REVENUES
<br />Property taxes
<br />$1,866,361 $1,866,361
<br />$ 1,952,758
<br />$ 86,397
<br />Industrial payments
<br />Interest
<br />-
<br />28,090 28,090
<br />24,360
<br />'
<br />(3,730)
<br />Total revenues
<br />1,894,451 1,894,451
<br />1,977,118
<br />82,667
<br />1
<br />EXPENDITURES
<br />Debt Service:
<br />1
<br />Principal
<br />1,490,000 1,490,000
<br />1,490,000
<br />-
<br />Interest
<br />699,834 699,834
<br />699,834
<br />-
<br />Total expenditures
<br />2,189,834 2,189,834
<br />2,189,834
<br />-
<br />1
<br />Excess (deficiency) of revenues over
<br />expenditures
<br />(295,383) (295,383)
<br />(212,716)
<br />82,667
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in
<br />-
<br />-
<br />Net change in fund balances
<br />(295,383) (295,383)
<br />(212,716)
<br />82,667
<br />1
<br />Fund balances —beginning
<br />1,797,213 1,797,213
<br />1,797,213
<br />-
<br />Fund balances —ending
<br />1,501,830 $1,501,830
<br />$ 1,584,497
<br />$ 82,667
<br />78
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