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C. Fund Structure <br /> The City used the following fund types and account groups in its financial <br /> reporting for the fiscal year ended September 30, 2010: <br /> Number of Number with <br /> Individual Legally Adopted <br /> Fund Type /Account Group Funds Annual Budgets <br /> General Fund 1 1 <br /> Debt Service Funds 1 1 <br /> Capital Project Funds 13 9 <br /> Enterprise Funds 5 4 <br /> Internal Service Funds 3 3 <br /> Special Revenue Funds 5 5 <br /> D. Budgetary Basis of Accounting <br /> The City prepares its budget on a basis consistent with generally accepted <br /> accounting principles with the exception of Capital Project Funds, which <br /> adopt project length budgets. The city departs from GAAP in the treatment <br /> of depreciation and encumbrances. Depreciation of fixed assets is not <br /> recognized in proprietary fund budgets. All annual appropriations lapse at <br /> fiscal year end. Under the City's budgetary process, outstanding <br /> encumbrances at year end are reported as reservations of fund balances <br /> since they do not constitute expenditures and liabilities, and the <br /> commitments will be re- appropriated and honored the subsequent fiscal <br /> year. <br /> E. Federal and State Financial Assistance <br /> The City of La Porte periodically receives funding from Federal and State <br /> Financial Assistance programs. <br /> F. Pension Plans <br /> The City of La Porte's employees participate in the Texas Municipal <br /> Retirement System. In addition, the City's volunteer firemen participate in <br /> the State Firemen's Pension Plan. <br /> 17 <br />