Laserfiche WebLink
• • <br />- CITY OF LA PORTE SCHEDULE E-1 <br />• AIRPORT FUND <br />• SEPTEMBER 30, 1980 <br />BALANCE SHEET <br />ASSETS <br />CURRENT ASSETS: <br />Cash in Bank $ 6,199 <br />Accounts Receivable 4,546 $ 10,745 <br />RESTRICTED ASSETS: <br />Cash - Interest and Sinking Fund $ 24,322 <br />Cash in Bank - Bond Reserve Fund 2,000 <br />Cash in Savings - Bond Reserve Fund 4,300 <br />FFA Grant 29,500 60,122 <br />FIXED ASSETS (AT COST) <br />Air Easement $ 19,979 <br />Airport Improvements $601,229 ' <br />. Less: Allowance for Depreciation 177,957 423,272 443,251 <br />- TOTAL ASSETS. ~$ <br />• LIABILITIES, RESERVES AND RETAINED EARNINGS <br />CURRENT LIABILITIES (1) AND DEFERED CREDITS: <br />Bond Payable (Due Within One Year) $ 5,000 <br />Deferred Income 39,547 $ 44,547 <br />NON-CURRENT LIABILITIES: <br />Bonds Payable (Less Portion Due Within One Year) 15,000 <br />TOTAL LIABILITIES $ 59,547 <br />RESERVES: <br />Reserves for Interest and Sinking Fund $ 24,322 <br />Reserves for Bond Reserve Fund 6,300 <br />Accounts Receivable 4,546 35,168 <br />RETAINED EARNINGS 419,403 <br />TOTAL LIABILITIES, RESERVES AND RETAINED EARNINGS $ 514 118 <br />(1) Payable from Restricted Assets <br /> <br />(The accompanying notes are an integral part of these statements.) <br />