|
<br /> CITY OF LA PORTE, TEXAS
<br /> Statement of Net Assets
<br /> September 30,2006
<br /> Primary Government
<br /> Governmental Business-type
<br /> Activities Activities Total
<br /> ASSETS
<br />Cash and cash equivalents $ 18,935,758 $ 1,135,241 $ 20,070,999
<br />Investments 27,196,952 4,455,769 31,652,721
<br />Receivables, net of
<br />allowance for uncollectibles
<br />Accounts receivable 4,485,118 1,156,952 5,642,070
<br />Taxes receivable 761,592 761,592
<br />Due from other governments 4,716 4,716
<br />Accrued interest receivable 183,367 26,289 209,656
<br />Deferred Issuance Costs 346,635 346,635
<br />Materials and supplies inventories at cost 116,306 4,540 120,846
<br />Restricted Assets:
<br />Cash and cash equivalents restricted
<br />for customer service deposits 505,287 505,287
<br />Investments restricted for debt service 125,000 125,000
<br />Other 825,010 825,010
<br />Capital assets:
<br />Land 7,685,517 2,350,478 10,035,995
<br />Buildings and improvements 17,732,228 1,166,840 18,899,068
<br />Improvements other than buildings 7,662,126 69,181,385 76,843,511
<br />Infrastructure 26,873,816 26,873,816
<br />Machinery and equipment 13,306,111 429,183 13,735,294
<br />Construction in progress 9,983,973 2,638,961 12,622,934
<br />Accumulated depreciation (37,269,434) (37,069,711) (74,339,145)
<br />Total assets 98,004,781 46,931,224 144,936,005
<br /> LIABILITIES
<br />Accounts payable 4,762,821 2,097,523 6,860,344
<br />Accrued salaries payable 296,234 52,100 348,334
<br />Interest payable 88,945 88,945
<br />Unearned revenue 86,557 87,150 173,707
<br />Other current liabilities 5,930 5,930
<br />Premium on Issuance 293,388 293,388
<br />Accrued interest payable 12,728 76,330 89,058
<br />Customer deposits 527,655 527,655
<br />Noncurrent liabilities :
<br />Due within one year 1,235,000 585,000 1,820,000
<br />Due in more than one year 35,499,566 8,859,485 44,359,051
<br />Total liabilities 42,280,465 12,291,173 54,571,638
<br /> NET ASSETS
<br />Invested in capital assets, net of related debt 28,424,346 29,642,136 58,066,482
<br />Restricted for.
<br />Debt service 1,838,370 2,185,791 4,024,161
<br />Grants and state programs 6,210,617 6,210,617
<br />Unrestricted 19,269,531 2,812,123 22,081,654
<br />Total net assets $ 55,384,264 $ 34,640,048 $ 90,024,312
<br />See accompanying notes to financial statements.
<br />
<br />27
<br />
|