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<br />CITY OF LA PORTE, TEXAS
<br />
<br />Management's Discussion and Analysis
<br />For the Year Ended September 30,2006
<br />
<br />Capital Assets at Year-end
<br />Net of Accumulated Depreciation
<br />
<br />Land
<br />Buildings
<br />Equipment
<br />Improvements
<br />Infrastructure
<br />Construction in Progress
<br />Total
<br />
<br />Governmental
<br />Activities
<br />2006
<br />$ 7,685,517
<br />7,776,721
<br />5,237,286
<br />2,889,273
<br />12,277,269
<br />9,983,973
<br />$ 45,850,038
<br />
<br />Business-type
<br />Activities
<br />2006
<br />$ 2,350,478
<br />88,790
<br />86,637
<br />33,430,326
<br />
<br />2,638,961
<br />$ 38,595,192
<br />
<br />Total
<br />$ 10,035,995
<br />7,865,511
<br />5,323,923
<br />36,319,599
<br />12,277,269
<br />12,622,934
<br />$ 84,445,230
<br />
<br />Additional information of the City of La Porte's capital assets can be found in Note 4 on pages 58-60 of this
<br />report.
<br />
<br />Debt Administration - At the end of the current fiscal year, the City of La Porte had bonded debt payable of
<br />$43,200,000. Of this amount, $34,145,000 comprises bonded debt backed by the full faith and credit of the
<br />government and $9,055,000 represents bonds secured solely by water and sewer revenues.
<br />
<br />Outstanding Debt at Year End
<br />Bonds Payable
<br />
<br />General Obligations
<br />Revenue Bonds Payable
<br />Certificate of Obligations
<br />Total
<br />
<br />Governmental
<br />Activities
<br />2006
<br />$ 17,740,000
<br />
<br />16,405,000
<br />$ 34,145,000
<br />
<br />Business-type
<br />Activities
<br />2006
<br />
<br />$
<br />
<br />6,430,000
<br />2,625,000
<br />$ 9,055,000
<br />
<br />Totals
<br />$ 17,740,000
<br />6,430,000
<br />19,030,000
<br />$ 43,200,000
<br />
<br />The City of La Porte maintains an "Aa3", "A+", "M" by Moody's, Standard and Poor's and Fitch respectively for
<br />general obligation debt. The revenue bonds have been rated" A" by all three of these rating agencies.
<br />
<br />Additional information on the City of La Porte's long-term debt can be found in Note 5 on pages 61-65 of this
<br />report.
<br />
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