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<br /> CITY OF LA PORTE, TEXAS
<br /> Balance Sheet
<br /> Governmental Funds
<br /> September 30, 2008
<br /> 2007 Certificates
<br /> of Obligation
<br /> General Bonds Grant
<br />ASSETS
<br />Cash and cash equivalents $ 12,511,439 $ 567,555 $ 815,807
<br />Investments 2,363,294 5,101,662 153,926
<br />Receivables, net of allowance for
<br />uncollectibles:
<br />Accounts 1,523,815
<br />Taxes 1,255,339
<br />Intergovernmental 3,653,722
<br />Accrued interest 17,168 777 1,049
<br />Due from other funds 1,080,842
<br />Materials and supplies inventories, at cost 104,938
<br />Total assets 18,856,835 5,669,994 4,624,504
<br />LIABILITIES AND FUND BALANCES
<br />Liabilities:
<br />Accounts payable 2,883,845 635,876 1,886,975
<br />Accrued salaries payable 497,843 102
<br />Due to other funds 1,110,437
<br />Retainage payable 65,002 5,096
<br />Deferred revenue 1,527,166
<br />Total liabilities 4,908,854 700,878 3,002,610
<br />Fund balances:
<br />Reserved for:
<br />Inventories 104,937
<br />Encumbrances 255,790 32,141
<br />Animal control 729
<br />Judicial fund 5,745
<br />Municipal Court Building Security 153,244
<br />Municipal Court Technology Fee 62,703
<br />Park Zone 161,272
<br />Confiscated funds 395,315
<br />Debt service
<br />Unreserved, Designated for capital projects 38,084
<br />U nreserved/Undesignated 13,549,170 4,969,116 810,745
<br />Unreserved, reported in nonmajor:
<br />Special revenue funds
<br />Capital projects funds
<br />Total fund balances 13,947,981 4,969,116 1,621,894
<br />Total liabilities and fund balances $ 18,856,835 $ 5,669,994 $4,624,504
<br />See accompanying notes to basic financial statements.
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