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HomeMy WebLinkAbout03-22-21 Regular Meeting of the La Porte City Council Office of the Mayor WHEREAS,National Drug and Alcohol Facts Weekis sponsored by the National Institute on Drug Abuse (NIDA) and the National Institute on Alcohol Abuse and Alcoholism (NIAAA) at the National Institutesof Health, in accordance with other federal and private partner organizations, to encourage teens to ask questions about drugs, drug abuse, alcohol, and alcoholism, and receive scientifically based facts and answers in return; and WHEREAS,National Drug and Alcohol Facts Weekoccurseachwinter to providehigh school students the opportunity to communicate withthe nin these fields, without judgement or bias; and WHEREAS, National Drug and Alcohol Facts Weekis a celebration of the inquisitive minds of teenagers and celebrates the efforts of national and community organizations working with teens; and WHEREAS,the NIDA and NIDAA stimulateand alcohol and alcoholismand can offer science as a key element of national and community conversations; and WHEREAS,we are pleased this evening to recognize the Southeast Harris Community Coalition of Bay Area Council on Drugs and Alcoholand the Youth Advisory CouncilViolaDeWalt High School forparticipating in efforts to educate students on these important issues. NOW, THEREFORE,I, Louis R. Rigby, Mayor, do hereby proclaim March 22-26, 2021, as NationalDrugandAlcoholFactsWeek In Witness Whereof:I have hereto set my hand and caused the Seal of the City to be affixed hereto, nd this the 22day of March, 2021. REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested:March22, 2021 Requested By:Source of Funds:N/A Matt Hartleib, Manager Department: Administration/HR Account Number:N/A Amount Budgeted:N/A ReportResolutionOrdinance Amount Requested:N/A Exhibits: None Budgeted Item:YesNo SUMMARY& RECOMMENDATION City of La Porte employees achieving service milestones of tenyears or longer with the Cityas ofMarch2021include: 10years of service Matthew Davidson Police Sergeant Mark Roznovak Police Sergeant 15years of service Deb Kuykendall Superintendent of Special Services, Parks and Recreation ACTION REQUIRED BY CITY COUNCIL Recognition of employees'years of service with the City of La Porte. Approved for the City Council meeting agenda Corby D. Alexander, City ManagerDate LOUIS R. RIGBY CHUCK ENGELKEN Mayor Mayor Pro Tem, Councilperson District 2 BRANDON LUNSFORD BILL BENTLEY Councilmember At Large A Councilmember District 3 BRENT Mc CAULLEY THOMAS GARZA Councilmember At Large B Councilmember District 4 TREY KENDRICK JAY MARTIN Councilmember District 1 Councilmember District 5 NANCY OJEDA Councilmember District 6 MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF LA PORTE MARCH 8, 2021 The City Council of the City of La Portemet in a regularmeetingonMonday, March 8, 2021,at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 6:00p.m., with the following in attendance: Councilpersons present: Louis Rigby,Brandon Lunsford, Brent McCaulley, Trey Kendrick,Chuck Engelken,Bill Bentley,Thomas Garza(left at6:01p.m.), Jay Martin, Nancy Ojeda, Councilpersons attending remotely: None Councilpersons absent: None Council-appointed officers present: Corby Alexander, City Manager; Lee Woodward, City Secretary; Clark Askins, Assistant City Attorney 1.CALL TO ORDER Mayor Rigbycalled the meeting to order at 6:00p.m.Mayor Rigby reminded Councilperson Garza The Mayor reminded Councilperson Garza that he had the opportunity to attend the meeting electronically and could go to his office in City Hall. Councilperson Garza said he was exempted from wearing a face covering for medical reasons and would not be wearing one. The Mayorasked the Sergeant-at-Arms to remove Councilperson Garza. Councilperson Garza moved that the Council oppose, which he termed asillegal. The motion did not receive a second and was not considered.Councilperson Garza was escorted from the room. 2.INVOCATION The invocation was given by Pastor Brian Christen, and pledgeswereled by Councilperson Bill Bentley. 3. CITIZENCOMMENT(Generally limited to five minutes per person; in accordance with state law, the time may be reduced if there is a high number of speakers or other considerations.) There were no speakers. 4.CONSENTAGENDA(Approval of Consent Agenda items authorizes each to be implemented in accordance with staff recommendations provided. An item may be removed from the consent agenda and added to the Statutory Agenda for full discussion upon request by a member of the Council present at this meeting.) a.Approve the minutes of the February 22, 2021, City Council meeting. b.Approve the purchase and installation of two (2) Flygt 25 horsepower pumps and associated piping and valves from Hahn Equipment Co. Inc., as sole source provider, for a cost of $95,552.00 and a project contingency of $9,000.00. \[Ray Mayo, Director of Public Works\] c.Award Bid #21010 Citywide Concrete Sidewalk Repair, to Greenscapes Six, LLC. And authorize the City Manager to execute a contract for unit price work orders with the annual expenditure to not exceed annual budgeted amounts. \[Ray Mayo, Director ofPublic Works\] d.Approve proposed policy to waive residential permit fees related to repairs necessitated by the 2021 Winter Storm. \[Teresa Evans, Director of Planning & Development\] Adopt Ordinance 2021-3820 amending Section 6.09 "Decorum" of the La Porte City Council e.Rules of Procedure by requiring that members of City Council wear face masks or face Page 1of 4 March 8,2021,Council Meeting Minutes coverings during City Council meetings until such time that the City Council deems it appropriate to rescind the requirement. \[Mayor Rigby\] proposed changes to the City of La Porte Polices/Procedures Manual regarding the f. Approve use of facial coverings for individuals in City buildings and facilities. \[Corby Alexander, City Manager\] Mayor Pro Tem Engelken moved to approve consent agenda; the motion was seconded by Councilperson Bentley; the motion was adopted, 8-0. 5. STATUTORY AGENDA , discussion, and possible action to adopt Resolution 2021-36 in support of H.B. a.Presentation1079, to require the Battleship Texas to be returned to the San Jacinto Battleground State Historic Site after restoration. \[Louis R. Rigby, Mayor\] Resolution 2021-36 in support of H.B. Mayor Pro Tem Engelken moved to adopt 1079, to require the Battleship Texas to be returned to the San Jacinto Battleground State Historic Site after restoration; the motion was seconded by Councilperson Ojeda; the motion was adopted, 8-0. Presentation, discussion, and possible action to approve a $10,000.00 sponsorship to San b.Jacinto Museum of History. \[Jason Weeks, Assistant City Manager\] Councilperson Ojeda moved to postpone the item until the Museum is able to consider and respond to her a $10,000.00 sponsorship to San suggestion that free admission for La Porte residents be provided for Jacinto Museum of History; the motion was seconded by Councilperson Martin; the motion was adopted, 5-3, Mayor Rigby and Councilpersons McCaulley and Kendrick voting against. Provide administrative staff direction on how to proceed with an agreement with the c. Association of Bayport Companies for area located within the Bayport Industrial District for the City of La Porte EMS to provide EMS coverage for the period from October 1, 2020 through September 30, 2023. \[Jason Weeks, Assistant City Manager The Mayor noted the City Manager had asked the item be pulled from consideration at the request of three Councilpersons. Presentation, discussion and possible action regarding City aesthetic enhancements for d.overpass structures at Fairmont Parkway and Wharton Weems. \[Ray Mayo, Director\] Ray Mayo, Director of Public Works, provided information received late today. Councilperson Martin moved to approve Option 2C regarding City aesthetic enhancements for overpass structures at Fairmont Parkway and Wharton Weems, at a cost of $84,000 with a 10% contingency, for a total of $92,400; the motion was seconded by Councilperson McCaulley; the motion was adopted, 6-2, Councilpersons Bentley and Kendrick voting against. Presentation, discussion, and possible action to appoint election day polling location judges e. and alternate judges for the May 1, 2021, General and Special Elections and to define the number of clerk appointments permitted to be made by each presiding judge. \[Louis R. Rigby, Mayor\] election day polling location judges Mayor Pro Tem Engelken moved to appoint and alternate judges for the May 1, 2021, General and Special Elections and to define the number of clerk appointments permitted to be made by each presiding judge to be capped at 6; the motion was seconded by Councilperson Bentley; the motion was adopted, 8-0. Page 2 of 4 March 8, 2021, Council Meeting Minutes Presentation, discussion, and possible action to consider livestreaming City Council meetings. f. \[Louis R. Rigby, Mayor\] livestreaming City Council meetings ; Mayor Pro Tem Engelken moved to consider the motion was seconded by Councilperson Kendrick; the motion was adopted, 8-0. 6.REPORTS Receive FY 2020-21 first quarter Capital Improvement Plan program update. \[Jason Weeks, a.Assistant City Manager\] Mr. Weeks provided the update. b.Receive report on the Drainage and Flooding Committee meeting. \[Councilperson Jay Martin\] Councilperson Martin reported the Committee met and received updates. He noted the next meeting will be April 12. 7.ADMINISTRATIVE REPORTS Planning and Zoning Commission meeting, March 18 City Council meeting, March 22 Zoning Board of Adjustment meeting, March 25 City Manager Corby Alexandal. 8.COUNCIL COMMENTS Hear announcements concerning matters appearing on the agenda; items of community interest; and/or inquiries of staff regarding specific factual information or existing policy from the Mayor, Councilmembers, and City staff, for which no formal action will be discussed or taken. Councilpersons apologized for missing a meeting, congratulated the Municipal Court on their recent award, congratulated Richard Glass, noted positive remarks received about Parks and Recreation Director Roz Epting, relayed a request for later hours at Seabreeze Park, congratulated Dean Sanders on his promotion at the golf course, and shared that the Sylvan Beach Festival would be held this year. 9. EXECUTIVE SESSION The City Council will convene in closed session as authorized by Texas Government Code (a) Section 551.071 (1)(A) - Pending or Contemplated Litigation: consultation with city attorney to discuss enforcement of the extraterritorial jurisdiction (ETJ) exchange agreement between the City of La Porte and the City of Pasadena. \[Clark T. Askins, Assistant City Attorney The City Council will meet in closed session under Texas Government Code 551.071(1)(A) (b) Consultation with Attorney - Pending or Contemplated Litigation, to meet with the Assistant City Attorney to discuss enforcement of Chapter 380 Economic Development Agreement between the City of La Porte and Ybarra Restaurants, Inc. \[Corby Alexander, City Manager\] The City Council will convene in closed session as authorized by Texas Government Code (c) Sec. 551.071 (1)(A) - Pending or Contemplated Litigation, to discuss SV Sons HWY. 146, LLC vs. City of La Porte. \[Corby Alexander, City Manager\] The Council convened into executive session at 6:43 p.m. 10. RECONVENE into regular session and consider action, if any, on item(s) discussed in executive session. The Council reconvened in open session at 7:33 p.m. Page 3 of 4 March 8, 2021, Council Meeting Minutes For item a, Mayor Pro Tem Engelken moved to move forward with the interlocal agreement providing for the City of La Porte to begin with design; the motion was seconded by Councilperson Kendrick; the motion was adopted, 8-0. For item b, Councilperson Kendrick moved to circle back in June to see what the intent is then on starting on the site; the motion was seconded by Councilperson McCaulley; the motion was adopted, 8-0. For item c, Councilperson Kendrick moved to authorize filing a formal action to rescind or not renew the temporary certificate of occupancy; the motion was seconded by Councilperson Bentley; the motion was adopted, 8-0. ADJOURN Without objection, the Council adjourned at 7:37 p.m. _______________________________ Lee Woodward, City Secretary Page 4 of 4 March 8, 2021, Council Meeting Minutes REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested:March 22, 2021 001 -GeneralFund Source of Funds: Requested By: Gladis Sanchez, Open Gov.Analyst Department: 001-6067-510-5007 Account Number: $120,000.00 Amount Budgeted: ReportResolutionOrdinance Amount Requested:$120,000.00 Exhibits:Record Consultants, Inc. (RCI) proposaland Budgeted Item:YesNo BuyBoard Vendor Contract SUMMARY& RECOMMENDATION Electronic document management is an essential function for the City of La Porte to ensure long-term preservation of records. Statutory obligations and the ability to fulfill public information requests make it criticalfor City operations to be able to efficiently store information in City originally acquired Laserfiche software in 2006, which allows for records to be stored digitally across the organization and providing foraccessible record(s) retrieval for the public and staff. In 2018 and 2019,Records Consultants, Inc. (RCI) successfully digitized 169,973 of the t number 625-20, RCI will again provide documents/scanning and conversion services, including preparing, scanning, indexing, and quality checking all documents. RCI will provide named multi-page PDF files via FTP or USB media upon completion of the scanning/conversion process for the City Departmentand Inspections Division. Currently, various City departmentsutilize filing cabinets to store paper copies of construction plans and other documents dating back to 1950 and earlier. The quality of the original hard copies deteriorates over timeand the filing cabinets do not offer the search features of electronic methods.Digitizing these documents preserves the original quality of the document andprovides the ability to access the document from a computer or any handheld device while offsite. RCI offers a highly efficient, multi-level quality check imaging process to ensure complete capture of documents. RCI willresume Cityimaging and conversion services for the following: Inspections Records: $78,033.00 Public Works Records: $19,179.00 The scanning project will be done in phases-the first phase will include Public Works andthe second phase will include Inspections. It will take approximately two to three months to complete each phase. Capacity is determined by large plats/plans/sheets. RCI has the capacity to scan/convert about 750 to 1,000 sheets a week. Large plans (sheets) are scanned singly and the process time intensive. If a department is in need of a particular record (plan set) -48 hours (typically same day). /źƷǤ tŷğƭĻ 5ƚĭǒƒĻƓƷƭΉtƌğƓƭ w/L tƩƚƆĻĭƷ {ĭŷĻķǒƌĻ 5ĻƦğƩƷƒĻƓƷ Phase Sewer/Storm water, Water Utility, & Misc. tǒĬƌźĭ ‘ƚƩƉƭ 2 to 3 months 1 Building Reports All Others (Dangerous Buildings, Business Phase LƓƭƦĻĭƷźƚƓƭ Licenses, Water & Sewage, City Projects, 2 to 3 months 2 Boxed Commercial Building records ƚƷğƌ źƒĻ 9ƭƷźƒğƷĻ А Ʒƚ ЊЉ ƒƚƓƷŷƭ -2021 adopted budget included $120,000.00 for this scanning project, based , which also included more records from Planning. Staff received updated pricing from RCI for the project through BuyBoard Contract #625-20 in the amount of $97,212.00 following the identification of records by the departments. Should timing and budget permit, RCI may be asked to resume work on the additional Planning material. Public Works and Inspections have requested to have some of their records boxed and returned to the City, which is an additional charge of roughly $1,500. In order to limit costs overall, staff is repeatedly asked to review and clarify what is specifically needed to be maintained physically as well as digitally. CSO will be in constant communication with RCI checking on the status of the project. Staff has reviewed other pricing and found RCI to be competitive. Digitizing records for City departments will be a multi-year project and CSO plans to continue with a request for the 2021-2022 budget year. Based on prior RCI scanning projects service performed to date. State and City guidelines do not require competitive bidding or proposals referenced in LGC 252.021. Staff recommends approval of the Records Consultants, Inc. (RCI) Quote #625-20 under BuyBoard contract# 625-20, authorizing the City Manager execute the proposal with RCI and limit the total expenditure to an amount not to exceed $120,000.00. Benefits: Digitizing records with permanent or long-term retention requirements saves storage space, reduces risk from damage (fire, water, theft, etc.) and makes accessing documents quick, safe, and secure. Liabilities: Original records in paper form lose quality over time, becoming fragile and illegible. ACTION REQUIRED BY CITY COUNCIL Authorize the City Manager to enter into a contract with RCI to provide services as quoted in Quote #625-20 to RCI under BuyBoard Contract #625-20 in an amount not to exceed $120,000.00. DOCUMENT IMAGING PROPOSAL March 5, 2021 Gladis Sanchez City of La Porte 604 W Fairmont Parkway La Porte, TX 77571 Dear Ms. Sanchez, Records Consultants, Inc. (RCI) is pleased to submit this proposal to the City of La Porte for scanning and converting Engineering Departmental Records. RCI offers a highly efficient, multi-level quality check imaging process to ensure 100% capture of your documents. The attached proposal will cover the following information: Scope of Work: 7-Step Process Work Schedule Delivery of Image Database/Software Post-Project Disposition of Records Project Estimates & Fees Payment Terms & Conditions RCI Document Imaging Process (Workflow) Acceptance Page If you should have any questions pertaining to this proposal, please do not hesitate to call me at (877) 363- 4127. We greatly appreciate your continued interest in our services and look forward to assisting you with this project. Sincerely, Alicia Melton Account Manager -- Scope of Work: 7-Step Process The imaging process for your permanent records consists of preparing, scanning, and indexing the document with quality checks throughout each phase of production. We have included an attachment that displays the workflow of this project. 1.Packaging, Boxing, and Transporting Records: RCI will retrieve the documents and transport them to RCI in San Antonio, Texas for purging (upon request), preparing, scanning and indexing. RCI will process and image records by completing the following functions listed below. RCI offers optional services for boxing records that are filed in cabinets or shelving units. Additional fees apply. 2.Document Preparation: RCI will prepare all documents for the scanning function. We will remove staples and paper clips, mount or copy any under-sized documents and tape any torn pages, if necessary. These documents will then be staged for the scanning process. 3.Document Scanning: RCI will scan all selected documents found in the files. We will perform a scan quality check by visually inspecting each image and perform enhancements when necessary. Please note that scanning is only offered for standard office paper sizes (letter, legal, file folders, 1 paper, and smaller) and images will be in 200 dpi (dots per inch). incur additional fees. Optical Character Recognition (OCR) enabling full-text searchable images is offered for an additional fee on standard sized paper, yet not available on oversized documents. 4.Document Indexing: RCI will index each record with up to 3 index fields. Index fields for the various type of records will be coordinated prior to beginning the scanning process. RCI will also coordinate the masking, formatting and delimiters to be used for the index values. Additional index fields can be supported, and additional fees would apply. 5.Final Audit and Quality Control: RCI will conduct a final audit of the document image database to ensure that 100% of all documents have been captured, the images are sufficient to reproduce the record, and the images are appropriately indexed and accessible. 6.Delivery of Image Database and File Access Software: Electronic file images will be created at completion of the scanning process. The scanned images will be provided electronically via FTP or on an external storage media, such as DVD, USB flash drive, or USB hard drive only if the client requests the scanned images in PDF format. Images can also be viewed with the purchase of the PaperVision® Enterprise (PVE) software or the ImageSilo® hosted document management service. 7.Post-Project Records Disposition: After the project is completed, there are two options for disposition of the physical documents. RCI can return the documents to the client or request RCI to complete document destruction services for these records. 2 --amelton@rcitech.com Work Schedule RCI anticipates the following schedule to complete the entire project: Activity Duration of Time Packaging, Boxing and Transporting Records 1 day Purge, Prep and Scan Required Documents 12-15 weeks Index, Quality Control, and Prepare Final Packaging of Scanned Images 12-15 weeks Installation and Training of Final Database 1 day Also, if you require access to a particular document during the imaging process, RCI will scan the requested document and electronically transmit the image to the designated point of contact. Document requests will be fulfilled within one to two business days. Delivery of Image Database/Software There are several options in which to provide the scanned images. RCI can deliver the final project through the ImageSilo® in a cloud hosted document management service, PaperVision® Enterprise (PVE) software, in individual PDF files, or in other formats that may be imported into your existing application(s). RCI provides installation, training, and support and can provide Professional Services to support integration. ImageSilo® installation and training can be provided remotely or onsite, while PVE software installation and training requires on-site services. Option #1: RCI recommends ImageSilo®. ImageSilo® is a secure, online, cloud hosted document management service offering robust Enterprise Content Management (ECM) features at a low monthly fee. Fees are based only on data storage utilized with allotments starting out at 5 GB per month, and additional increments are available to handle all size projects. Supports unlimited users with no additional software license fees No up-front costs for hardware or software license No annual maintenance fees for software support Always running the current and latest version without incurring version upgrade headaches Eliminates headaches associated with infrastructure development and data management Option #2: PaperVision® Enterprise (PVE) is a powerful ECM software application provided under an end-user licensure fee. PVE allows multiple licenses to be connected to a centralized data/image repository. The content management features include customized security for users and groups, file modification, image redaction, interface with Microsoft applications, usage audit trail, and other valuable features and functions. Should you choose to purchase the PaperVision® Enterprise software, RCI will install this software on the hardware you desire. Installation will be accomplished at the Professional Services Rates. Annual Maintenance fees will apply for ongoing license renewals and support. Option #3: Custom Image and Data Output: RCI can provide other tailored formats to match your unique situation. 3 --amelton@rcitech.com Post-Project Disposition of Records After the project is completed, there are two options for disposition of the physical documents: Option #1: Secure Document Destruction RCI can destroy the documents in our secure document destruction facility. A document destruction fee will apply. RCI will store the physical documents for 60 incur additional storage fees at a rate of $ 1.05 per box per month. The boxes and contents will be shredded and recycled. After the documents have been destroyed, we will provide a Certificate of Destruction to complete your audit trail. Option #2: Return of Documents Transportation fees apply. If the returned boxes are to be removed from pallets and shelved by RCI staff, additional fees will be included. Records in returned boxes are not in the original format or folder. During the image processing, contents are separated into groups of purged or scanned items. Scanned materials are bundled together in their same box with break sheets between each record. Purged contents are usually within the folder of which they were originally included. Additional fees apply to reconstruct the folder (excluding binding, staples, paperclips, etc.) to its original contents. Records for projects that did not include the purge function will also be bundled and outside of their original folder or binding. Returned records will be in boxes and palletized. Removing boxes from pallets and stacking on shelves may incur additional fees. 4 --amelton@rcitech.com Project Estimates & Fees Based on information gatheredweestimate the following quantitiesof recordsto be included in this project: Inspections Departmental Records 32 Filing cabinet drawers of Commercial Building Records containing an estimated 115,200 standard sized images and an estimated 12,800 large sized plats/map sheets (requiring an estimated 64 boxes) o 7 Large Boxes of Commercial Building Records in the Records Building cage containing an estimated 12,600 standard sized images and an estimated 1,400 large sized plat/map sheets 4 Filing cabinet drawers of Dangerous Building Records containing an estimated 14,400 standard sized images and an estimated 1,600 large sized plats/map sheets (requiring an estimated 8 boxes) o 3 Large Boxes of Dangerous Building Records in the Record Building cage containing an estimated 9,000 standard sized images and an estimated 900 large sized plat/map sheets 2 Filing cabinet drawers of Business License Records containing an estimated 7,200 standard sized images and an estimated 800 large sized plats/map sheets (requiring an estimated 4 boxes) 4 Filing cabinet drawers of Water & Sewage Records containing an estimated 14,400 standard sized images and an estimated 2,000 large sized plats/map images (requiring an estimated 8 boxes) 5 Filing cabinet drawers of City Project Records (closed) containing an estimated 18,000 standard sized images and an estimated 2,500 large sized plats/map images (requiring an estimated 10 boxes) Public Works Departmental Records 200 Sets of Water Utility Plats/Maps, containing an estimated 3,000 sheets (requiring an estimated 15 boxes) 8 Standard boxes and 3 large boxes of Miscellaneous Building Reports containing an estimated 32,000 standard sized images and an estimated 150 large sized plat/map sheets 87 Sets of Sewer & Storm Drainage Plats/Maps containing an estimated 2,825 sheets (requiring an estimated 17 boxes) Project scope on optional services included in this proposal: Box, Label and Inventory records for transportation (~126 to be boxed by RCI) Transportation of boxes to RCI secure facilities in San Antonio, Texas Prep and scan entire contents of each record to TSLAC standards Index each document with up to 3 index fields, exact titles will be arranged at onset of project. o Plans & Maps Records ADDRESS, PROPERTY DESCRIPTION, and DATE (where appliable) If applicable other index fields will be coordinated as needed Provide OCR functions for full-text searchable images (only offered for typed print on standard sized images, excludes handwritten text and large plats) Provide named PDF, full-text searchable files for each document Provide scanned images/documents to client via FTP or USB external media Provide secure document destruction of scanned records for the Inspections Department Return transportation of Public Works records (and any Inspections Records requested to be returned). Our calculations are based on estimates on information provided by the point of contact. It is estimated that that the total number of images will likely range from 225,000 275,000 images. Disk storage space for the file images and database is estimated to be approximately 65 GB (gigabytes). RCI is pleased to be an approved vendor of BuyBoard Cooperative Purchasing and offer our services to BuyBoard members at negotiated discount rates. RCI imaging services are offered under and BuyBoard contract #625.20. The negotiated cooperative purchasing rates are available to all member institutions. 5 --amelton@rcitech.com Payment Terms & Conditions The following payment terms apply: 50% due upon contract initiation (pick-up of documents) 50% (balance) due upon delivery It is important to note that during each phase of the project we will continually monitor the number of files and images that are being processed. The pricing in this proposal is based on the estimated quantities and the final bill will be adjusted to reflect the actual count of files or images worked in the project. If there is an indication that the number of files or images may vary significantly from the estimates provided, we will immediately notify the designated point of contact of the variation. If the project is broken into phases invoicing will be phased to in correlation to the quantities implied within that given phase. Authorization When you approve this proposal, sign the acceptance page and fax it to Records Consultants, Inc. at (877) 366-0776. Sincerely, Alicia Melton Account Manager 6 --amelton@rcitech.com 7 --amelton@rcitech.com Document Imaging Acceptance Records Consultants, Inc. 12829 Wetmore Road Quotation Date:March 5, 2021 San Antonio, TX 78247 Salesperson:Alicia Melton Office: (877) 363-4127 Email:amelton@rcitech.com Fax: (877) 366-0776 Website:www.rcitech.com TO:Ms. Gladis Sanchez Payment Terms City of La Porte 604 W. Fairmont Parkway50% due upon initiation of project (pick up of records) La Porte, TX 7757150% due upon completion of project, net 10 days CO LA BUYBOARD DESCRIPTION QUANTITYPORTE LINE TOTAL PRICE PRICE PACKAGING, TRANSPORTATION & DESTRUCTION 94Boxing, Labeling and Inventory of Records for TransportationN/A$ 7.00$ 658.00 1Pickup and Transportation of Boxes (Per Round Trip)$ 471.45$ 450.00$ 450.00 104Secure Document Destruction Post Scanning (Per Box)$ 8.50$ 3.50$ 364.00 IMAGING INSPECTION DEPARTMENTAL RECORDS Prep/Scan/Index/Quality Control - Commercial Bldg. Records (Per Standard Image) 127,800$ 0.26$ 0.15$ 19,170.00 127,800OCR - Full-Text Searchable Images (Per Image)$ 0.04$ 0.02$ 2,556.00 Prep/Scan/Index/Quality Control - Commercial Bldg. Records (Per Large Sheet) 14,200$ 2.70$ 2.00$ 28,400.00 Prep/Scan/Index/Quality Control - Dangerous Bldg. Records (Per Standard Image) 23,400$ 0.26$ 0.15$ 3,510.00 23,400OCR - Full-Text Searchable Images (Per Image)$ 0.04$ 0.02$ 468.00 Prep/Scan/Index/Quality Control - Dangerous Bldg. Records (Per Large Sheet) 2,500$ 2.70$ 2.00$ 5,000.00 Prep/Scan/Index/Quality Control - Business License Records (Per Standard Image) 7,200$ 0.26$ 0.15$ 1,080.00 7,200OCR - Full-Text Searchable Images (Per Image)$ 0.04$ 0.02$ 144.00 Prep/Scan/Index/Quality Control - Business License Records (Per Large Sheet) 800$ 2.70$ 2.00$ 1,600.00 Prep/Scan/Index/Quality Control - Water & Sewer Records (Per Standard Image) 14,400$ 0.26$ 0.15$ 2,160.00 14,400OCR - Full-Text Searchable Images (Per Image)$ 0.04$ 0.02$ 288.00 Prep/Scan/Index/Quality Control - Water & Sewer Records (Per Large Sheet) 2,000$ 2.70$ 2.00$ 4,000.00 Prep/Scan/Index/Quality Control - Closed City Projects (Per Standard Image) 18,000$ 0.26$ 0.15$ 2,700.00 18,000OCR - Full-Text Searchable Images (Per Image)$ 0.04$ 0.02$ 360.00 Prep/Scan/Index/Quality Control - Water & Sewer Records (Per Large Sheet) 2,500$ 2.70$ 2.00$ 5,000.00 IMAGE DATA DELIVERY 1Data Delivery of PDF Files on External USB Media or via FTPN/A$ 125.00$ 125.00 BuyBoard Contract 625-20Total:$ 78,033.00 Name:Title: Signature:Date: Email Address:Purchase Order #: PLEASE FAX SIGNED ACCEPTANCE TO (877) 366-0776 OR EMAIL TO:amelton@rcitech.com THANK YOU FOR YOUR BUSINESS! 8 --amelton@rcitech.com Document Imaging Acceptance Records Consultants, Inc. 12829 Wetmore Road Quotation Date:March 5, 2021 San Antonio, TX 78247 Salesperson:Alicia Melton Office: (877) 363-4127 Email:amelton@rcitech.com Fax: (877) 366-0776 Website:www.rcitech.com TO:Ms. Gladis Sanchez Payment Terms City of La Porte 604 W. Fairmont Parkway50% due upon initiation of project (pick up of records) La Porte, TX 7757150% due upon completion of project, net 10 days BUYBOARD CO LA DESCRIPTION QUANTITYLINE TOTAL PRICEPORTE PRICE PACKAGING, TRANSPORTATION & DESTRUCTION 32Boxing, Labeling and Inventory of Records for TransportationN/A$ 7.00$ 224.00 1Pickup and Transportation of Boxes (Per Round Trip)$ 471.45$ 450.00$ 450.00 1RetrunTransportation of Boxes (Per Round Trip)$ 471.45$ 450.00$ 450.00 IMAGING PUBLIC WORKS DEPARTMENTAL RECORDS Prep/Scan/Index/Quality Control - Water Utility Plats (Per Large Sheet) In Utility Bay 3,000$ 2.70$ 2.00$ 6,000.00 Prep/Scan/Index/Quality Control - Sewer & Storm Drainage Plats (Per Large Sheet) 2,825$ 2.70$ 2.00$ 5,650.00 Prep/Scan/Index/Quality Control - Misc. Bldg. Reports (Per Standard Image) 32,000$ 0.26$ 0.15$ 4,800.00 32,000OCR - Full-Text Searchable Images (Per Image)$ 0.04$ 0.02$ 640.00 Prep/Scan/Index/Quality Control - Misc. Bldg. Reports (Per Large Sheet) 420$ 2.70$ 2.00$ 840.00 IMAGE DATA DELIVERY 1Data Delivery of PDF Files on External USB Media or via FTPN/A$ 125.00$ 125.00 BuyBoard Contract 625-20Total:$ 19,179.00 Name:Title: Signature:Date: Email Address:Purchase Order #: PLEASE FAX SIGNED ACCEPTANCE TO (877) 366-0776 OR EMAIL TO:amelton@rcitech.com THANK YOU FOR YOUR BUSINESS! 9 --amelton@rcitech.com Vendor Contract Information Summary Vendor NameRecord Consultants, Inc. ContactSusie Hernandez Phone Number8773634127 Emailsusieh@rcitech.com Websitewww.rcitech.com Federal ID74-2673059 Accepts RFQsYes Address Line 112829 Wetmore Road Vendor CitySan Antonio Vendor Zip78247 Vendor StateTX Vendor CountryUSA Delivery Days10 Freight TermsFOB Destination Payment TermsNet 10 days Shipping TermsPrepaid and added to invoice Ship ViaCommom Carrier Is Designated DealerNo EDGAR Forms ReceivedYes Service-Disabled Veteran OwnedNo Minority OwnedNo Women OwnedNo Is NationalYes No Excluded Foreign Terrorist OrgsYes No Israel Boycott CertificateYes Is MWBENo Regions ServedAll Texas Regions States ServedAll States Contract NameCopy-Print and Document Management Services Contract #625-20 Effective Date12/01/2020 Expiration Date11/30/2023 Quote Reference Number625-20 Additional Infonull 2/23/2021 1:48:02 PM REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested:March 22, 2021 N/A Source of Funds: Requested By:Shelley Wolny, Asst. Director Department:Finance N/A Account Number: N/A Amount Budgeted: ReportResolutionOrdinance Amount Requested:N/A Exhibits:Resolutions and Forms Budgeted Item:YesNo SUMMARY& RECOMMENDATION The Public Funds Investment Act (PFIA) requires that governing bodies designate by rule, order, ordinance, or resolution, as appropriate, one or more officers or employees of the entity to be responsible for the investment of its funds consistent with the investment policy adopted by the entity. Currently, the City of La Porte recognizes the Finance Director, Assistant Director of Finance, and Controller as Investment Officers. Controller and changes to the structuring of Finance, the City needsto amend the authorizing representatives to include only the Finance Director and Assistant Finance Director. Therefore, staff recommends City Council approve the Resolution to Amend Authorized Representatives required by TexPool, LOGIC and TexSTAR, the required forms for Texas Class are includedtoo. ACTION REQUIRED BY CITY COUNCIL Approve Resolutions amending the Authorized Investment Representatives for the City of La Porte. Approved for the City Council meeting agenda Corby D. Alexander, City Manager Date REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested:March 22, 2021 Requested By:Source of Funds:001 General Fund Jason Weeks, Asst City Mgr Department: Administration/CMO Account Number:001-6061-565-2075 Amount Budgeted:$4,205 ReportResolutionOrdinance Amount Requested:N/A Exhibits:Application, Budgetand IRS documents Budgeted Item:YesNo SUMMARY& RECOMMENDATIONS In previous years, the City of La Porte has been the presenting sponsor of the La Porte Education Foundation annual golf tournament held in April at the Bay Forest Golf Course. Once again, the City has been asked to be the presenting sponsorfor 2021. Due to the implementation of the sponsorship policy, staff is presenting this request to City Council for consideration. Due to COVID-19 pandemic that began last spring, the LPEF annual golf tournament that was scheduled for April 29, 2020 had to be rescheduled for October 21, 2020. The th LPEF will host their 17Annual Golf Tournament at Bay Forest Golf Courseon April 28, 2021. However, due to the pandemic the LPEF Board has decided to only have one ight starting at 1pm. In previous three years (2017-2020) the City has been the presenting sponsor at a cost of $2,500 each year. Additionally, the City contributes a sleeve of three (3)City logo golf balls to each participant in the golf tournament whichcost the City of approximately $1,705. In anticipating the same request from LPEF, staff has budgeted $4,205 to cover the cost for the presenting sponsorship and City logo golf balls in the FY 2020-21 budget under the Community Investment division of Administration (General Fund). th City staff recommends approval of the $2,500 sponsorship to the LPEF for their 17 Annual Golf Tournament at Bay Forest Golf Course combined with the budgeted $1,705 for purchase of a sleeve of City logo golf balls to be distributed to each participant. ACTION REQUIRED BY CITY COUNCIL Approve or deny the request for a sponsorship tothe La Porte Education Foundation annual golf tournament in the amount of $2,500 as the presenting sponsor and provide participants with a sleeve of City logo golf balls for Fiscal Year 2020-2021. Approved for the City Council meeting agenda Corby D. Alexander, City Manager Date 2021 Golf Touranment Budget Income Tournament, team, tent, and hole sponsorships$ 40,000.00 Total Income$ 40,000.00 Expenses Bay Forest Golf Course Tournament Range Services & Prizes$ 1,500.00 Bay Forest Golf Course Tournament Fees & Cart Fees$ 4,440.00 Bay Forest Concessions$ 720.00 Snacks and Beverages for Golfers$ 500.00 Labor for the dinner$ 260.00 Total Expenses$ 7,420.00 Net Income$ 32,580.00 REQUEST FOR CITY COUNCILAGENDA ITEM Appropriation Agenda Date Requested:March 22, 2021 Source of Funds:General Fund/Finance Requested By:Michael Dolby, Director 0016141-5155001 Department:Finance $52,500; 0345051- 5225001-$5,000; ReportResolutionOrdinance 0167075-5335001- $6,000; 0386030- Account Number:5655001-$5,000 Exhibits:Fiscal YearEnding September 30, 2020AnnualComprehensive Financial Report Amount Budgeted:$68,500 Amount Requested:$68,500 Budgeted Item:YesNo SUMMARY & RECOMMENDATION In accordance with the City of La Porte City Charter, the fiscal year ending September 30, 2020 Annual Comprehensive Financial Report will be presented toCityCouncil by the external auditors Whitley Penn. The audit report provides the City with reasonable assurance that the financial statements are free of material misstatements.The auditors designed tests that provide evidence that the financial statements conform to the highest level of accounting standards. The City received an unmodified (clean) opinion from the auditors and no management comments or deficiencies in internal control were identified. Annually, the City submits the Annual Comprehensive Financial Report to the Government Finance Officers Association for entry in the award program for excellence in financial report. The City of La Porte has won the Award for Excellence in Financial Reporting from the Government Finance Officers Association for 39 consecutive years. ACTION REQUIREDBY CITY COUNCIL Acceptthe Fiscal Year Ending September 30, 2020Annual Comprehensive Financial Report. Approved for the City Council meeting agenda Corby D. Alexander, City Manager Date CITY OF LA PORTE, TEXAS COMPREHENSIVE FINANCIAL REPORT For the Fiscal Year Ended September 30, 2020 Corby Alexander, City Manager Prepared by: Department of Finance Draft 3-12-21 Draft 3-12-21 CITY OF LA PORTE, TEXAS TABLE OF CONTENTS Exhibit Page / Table Introductory Section Letter of Transmittal i GFOA Certificate of Achievement vii Organizational Chart viii List of Principal Officials ix Financial Section Report of Independent Auditors 1 ManagementÓs Discussion and Analysis 7 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position A-1 19 Statement of Activities A-2 20 Fund Financial Statements: Balance Sheet - Governmental Funds A-3 22 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position A-4 25 Statement of Revenues, Expenditures, and Changes in Fund Balance - Governmental Funds A-5 26 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities A-6 28 Statement of Net Position - Proprietary Funds A-7 29 Statement of Revenues, Expenses and Changes in Fund Net Position - Proprietary Funds A-8 31 Statement of Cash Flows - Proprietary Funds A-9 32 Notes to the Financial Statements A-10 35 Required Supplementary Information: General Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual B-1 80 La Porte Redevelopment Authority Î Budget and Actual B-2 81 Notes to Required Supplementary Information B-3 82 Schedule of Changes in Net Pension Liability and Related Ratios B-5 83 Schedule of TMRS Contributions B-5 84 Schedule of Proportionate Share of the TESRS B-6 85 Schedule of CityÓs Contributions B-7 85 Schedule of Changes in the Total OPEB Liability and Related Ratios Î Retiree Health Care Plan B-8 86 Schedule of Changes in the Total OPEB Liability and Related Ratios Î TMRS Supplemental Death Benefits Fund B-9 86 Combining and Individual Fund Statements and Schedules: Combining Statements - Non-major Governmental Funds: Combining Balance Sheet C-1 92 Combining Statement of Revenues, Expenditures and Changes in Fund Balance C-2 96 Debt Service Fund C-3 100 Draft 3-12-21 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS TABLE OF CONTENTS (continued) Exhibit Page / Table Combining and Individual Fund Statements and Schedules: (continued) Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: Capital Improvement Fund C-4 101 Special Revenue Fund Î Hotel/Motel Fund C-5 102 Special Revenue Fund Î Section 4B Sales Tax C-6 103 Special Revenue Fund Î Street Maintenance Sales Tax Fund C-7 104 Special Revenue Fund Î Emergency Services Sales Tax Fund C-8 105 Special Revenue Fund Î Restricted Fund C-9 106 2006 Certificate of Obligation Bond Fund C-10 107 2010 Certificate of Obligation Bond Fund C-11 108 2015 Certificate of Obligation Bond Fund C-12 109 2017 Certificate of Obligation Bond Fund C-13 110 Capital Projects Fund Î Drainage Improvement Fund C-14 111 General Fund Î Schedule of Revenues Î Budget and Actual C-15 113 General Fund Î Schedule of Expenditures Î Budget and Actual C-16 114 Combining Statement of Net Position - Internal Service Funds C-17 120 Combining Statement of Revenues, Expenses and changes in Fund Net Position - Internal Service Funds C-18 121 Combining Statement of Cash Flows - Internal Service Funds C-19 122 Statistical Section Net Position by Component 1 126 Changes in Net Position 2 128 Fund Balances of Governmental Funds 3 132 Changes in Fund Balances of Governmental Funds 4 134 Assessed Value and Estimated Value of Taxable Property 5 137 Property Tax Rates - Direct and Overlapping Governments 6 138 Principal Property Taxpayers 7 140 Property Tax Levies and Collections 8 141 Ratios of Outstanding Debt by Type 9 143 Ratio of Net General Bonded Debt to Taxable Value 10 144 Direct and Overlapping Governmental Activities Debt 11 145 Demographic and Economic Statistics 12 146 Principal Employers 13 147 Full-Time Equivalent City Governmental Employees by Function 14 148 Operating Indicators by Function/Program 15 150 Capital Assets Statistics by Function/Program 16 152 Draft 3-12-21 Fiscal Year 2020 Annual Report March 22, 2021 To the Honorable Mayor, Members of City Council, and Citizens of the City of La Porte, Texas: The Finance Department and City Manager's Office are pleased to submit the Comprehensive Annual Financial Report for the City of La Porte, Texas for the fiscal year ended September 30, 2020. This report is published to provide the City Council, City staff, our citizens, our bondholders and other interested parties with detailed information concerning the financial condition and activities of the City government. This report consists of management's representations concerning the finances of the City of La Porte. Consequently, management assumes full responsibility for the completeness and reliability of all of the information presented in this report. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed both to protect the government's assets from loss, theft or misuse and to compile sufficient reliable information for the preparation of the City of La Porte's financial statements in conformity with GAAP. The cost of internal controls should not outweigh their benefits; therefore the City of La Porte's comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The City of La Porte's financial statements have been audited by Whitley Penn LLP, a firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City of La Porte for the fiscal year ended September 30, 2020 are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amount and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management and evaluating the overall financial statement presentation. The independent audit concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City of La Porte's financial statements for fiscal year ended September 30, 2020 are fairly presented in conformity with GAAP. The independent auditors' report is presented as a component of the financial section of this report. The independent audit of the financial statements of the City of La Porte included a federally mandated "Single Audit" designed to meet the special needs of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government's internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These reports are available in the City of La Porte's separately issued Single Audit Report. GAAP requires that management provide a narrative introduction, overview and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The City of La Porte's MD&A can be found immediately following the report of the independent auditors. Draft 3-12-21 i Fiscal Year 2020 Annual Report Profile of the City The City of La Porte, incorporated in 1892, is located in the southeast quadrant of Harris County and is bounded on the north by the Houston ship channel, on the east by Galveston Bay and the south by the Bayport channel. The City of La Porte currently encompasses 19 square miles and serves a population of 34,976. The City is a home rule city operating under the Council-Manager form of government. Policymaking and legislative authority are vested in a governing council consisting of the mayor and eight other members. The city council is responsible, among other things, for passing ordinances, adopting the budget, appointing committees and hiring the City Manager, City Secretary and Attorney. The City Manager is responsible for carrying out the policies and ordinances of the City Council, for overseeing the day-to-day operations of the City and for appointing the heads of various departments. The Council is elected on a non-partisan basis. The Mayor and Council members serve three-year staggered terms. Six of the council members are elected by district. The Mayor and the two remaining council members are elected at large. The City of La Porte provides a full range of services, including police and fire protection, the construction and maintenance of streets and other infrastructure and recreational activities and cultural events. Certain services are provided through a legally separate Water Authority, which functions, as a blended component unit and in essence, is a department of the City of La Porte, and, therefore, has been included as an integral part of the City of La Porte's financial statements. Additional information on the Water Authority and other blended component units can be found in Note 1B of the notes to the financial statements. The City has established a Taxing Increment Reinvestment Zone one (the Zone). The zone is presented as a blended component unit and is being reported as a governmental fund type (see Note 1B). The City has also established a section 4 B Sales Tax Corporation (see Note 1B). The City also has established a Fire Control, Prevention and EMS District (see note 1B). The City's accounting records for general governmental operations are maintained on modified accrual basis, with the revenues being recorded when available and measurable and expenditures being recorded when the services or goods are received and the liabilities are incurred. Accounting records for the City's utilities and other proprietary activities are maintained on the accrual basis. The annual budget serves as the foundation for the City of La Porte's financial planning and control. Budgetary control has been established at the fund level. Al l agencies of the City of La Porte are required to submit requests for appropriation to the City Manager on or before May 26 of each year. The City Manager uses these requests as the starting point for developing a proposed budget. The City Manager then presents this proposed budget to council for review prior to August. The council is required to hold a public hearing on the proposed budget and to adopt a final budget by no later than September 30th. The appropriated budget is prepared by fund, function (e.g., public safety) and department (e.g., police). Thedirectors are given latitude to approve transfers of appropriations within a department. Transfers of appropriations between funds, however require the special approval of the city council. Budget-to-actual comparisons are provided in financial reports for each individual governmental fund for which an appropriated annual budget has been adopted. For the general fund, this comparison is presented on page 80 as part of the required supplementary information. For governmental funds, other than the general fund, with appropriated annual budgets, this comparison is presented i n the governmental fund subsection of this report, which starts on page 92. Formal budgetary integration is employed as a management control device during the year for the General Fund and Enterprise Funds. Formal budget integration is not employed for the Debt Service and Capital Projects Funds because effective budgetary control is alternatively achieved through bond indenture provisions and legally binding construction contracts, respectively. Economic Condition The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City of La Porte operates. Draft 3-12-21 ii Fiscal Year 2020 Annual Report Local Economy The City of La Porte is located in the southeast quadrant of Harris County, which is a 1, 723 square mile county is a leading oil, gas and petrochemical areas. The County has more than 3,200 manufacturing plants, the nationÓs largest concentration of petrochemical plants, and the third largest United States seaport and is a corporation management center. A significant part of the CountyÓs major employers, manufacturers, education and financial institutions are located in Houston, the County seat. The Texas Medical Center, located in Harris County, is one of the nation's largest, providing medical care and educational opportunities. Higher education facilities include: University of Houston, Rice University, Texas Southern University, St. Thomas University and Houston Baptist University, all offering full four- year as well as postgraduate programs. The Lyndon B. Johnson Space Center is also located here. Located some 20 miles southeast of Houston on Galveston Bay in Harris County are the three communities that make up the La Porte Bayshore Area: La Porte, Morgan's Point and Shoreacres. The area has a combined population of approximately 40,000. Though much of the image of this area is industrial, the La Porte- Bayshore area is still characterized by an expanse of resort homes. Strategic Plan Overview On October 27, 2012, the Mayor, City Council, City Manager and key staff of the City of La Porte met together in a retreat planning session. The purpose of that meeting was to establish the CouncilÓs Strategic Plan for the next five years. A report was prepared outlining the City CouncilÓs Mission, Vision and Core Values, as well as six overall goals. Each goal had identified objectives and strategies, with time lines for beginning and completing the goals. On March 9, 2013, the City Manager and his key staff met. Their purpose was two-fold. First, staff reviewed and discussed the Mission, Vision and Core Values developed by the City Council and created Leadership Statements for the staff to follow to ensure their work is consistent with the value of the City Council. Secondly, staff reviewed and clarified the goals, objectives and strategies identified by the City Council; if necessary identify additional goals consistent with the overall mission, vision and values; and establish the framework for an action plan. The result of their work is documented in this report. The Strategic Plan will provide a blueprint for action over the next five years. When developing the annual budget, staff will be tasked with making sure that expenditures and programs further the goals and Core Values stated in this document. This provides clear direction to the staff as to what priorities are important to the Council and plans can be made accordingly to make sure that resources are allocated towards those ends. Additionally, this plan is an excellent communication tool that the Council and the staff can use when speaking with residents and businesses. Many times, ad hoc requests can derail longer-term plans. The Strategic Plan outlines a framework for receiving, prioritizing, and budgeting for resident requests. All participants, staff and Council, agreed to commit to the success of this plan. A plan only becomes a useful and working document when all the participants (as a whole and as individuals) make a commitment to review it regularly, use it monthly, and modify it as needed. It is a tool that can and should be used regularly to track progress, make notes of variations between expectations and actuals, of timelines and expenses, to help accomplish each goal, and to hold one another accountable for updates and completion. Draft 3-12-21 iii Fiscal Year 2020 Annual Report Mission Statement The Council reviewed and revised the Mission Statement & Vision Statement of the City and the results are as follows: The City of La Porte embraces our heritage, community values, and opportunities, while enhancing the quality of life for our citizens Vision Statement To provide improved infrastructure, to drive economic growth, and to enhance quality of life for our citizens. Core Values The City Council wanted to specify the core values under which the City and its staff function. Core values are the general guidelines that establish the foundation for how an organization will operate. Staff then discussed these value statements to define and gain an understanding of what those Core Value meant to staff from a leadership perspective. Staff first discussed what the elements of each Core Value represented, then prepared a Leadership Statement for each one. The following are the Core Values of the City of La Porte: Health & Public Safety: City employees will ensure the health and safety of our citizens by providing and maintaining superior public infrastructure and public safety services. Integrity & Accountability: City employees will be open, honest and transparent, and be accountable to the Council so that Council can be responsive to the citizens. Superior Customer Service: City employees will proactively provide superior customer service in a positive and timely manner. Quality in everything we do: City employees will strive for superiority in all services we provide. Goal and Plan Development During the Council Retreat in October 2012, six goals were developed by the Council, with staff providing assistance in the development of objectives. In March 2013, the staff further added Ðmeat to the boneÑ to outline more specifically the actions that would be necessary to achieve the stated goals. The development and implementation of the action plan will serve to provide Council a clear understanding of how and when each of their goals will be accomplished. The action plan proposes to do the following: Identify a team leader: Each Goal needs a champion who will lead the effort to accomplish the goal and be held accountable for the action plan that is developed. A team leader for each goal was assigned. Identify team members. Likewise each goal needs a larger team, consisting of fellow staff from across all departmental lines where appropriate, to assist in the implementation process. Identify partners. Each team should identify the partners, outside the city organization, who can provide expertise and resources to accomplish the goal. Define action steps. Each objective needs defined action steps showing Council how the goal will be accomplished. The action steps provide the basis for benchmarks. Prepare a timeline. Timelines were prepared for each of the objectives. Staff reviewed those timelines and recommended adjustments. Draft 3-12-21 iv Fiscal Year 2020 Annual Report The Council-identified goals are: Improve Infrastructure Preserve Heritage Î to preserve the structure and amenities that make La Porte unique Ensure that all departments and facilities are ready for any disaster To encourage economic development/retail development To provide Superior Customer Service To revitalize blight/146 In addition to the six Council-identified goals, it was agreed that key areas of city government were not included in the goals identified by Council. Staff was tasked with discussing other areas where they would establish goals and objectives and bring them to Council for consideration and approval to include in the Strategic Plan. Several new goals were identified and are proposed for Council consideration: To provide and maintain superior public safety Continue to improve the quality of life through recreational amenities Create a Neighborhood Preservation Program Provide diverse and timely communications that promote and influence a positive public perception of La Porte One critical component to ensuring that the elements of the Strategic Plan are being implemented is to provide regular status reports to the City Council. Staff prepares and presents to council quarterly written reports supplemented with oral reports or action items for implementation that may be necessary in-between written reports. In fiscal year 2014, City staff appointed key department directors to carry out the major components of the strategic plan. Staff developed a matrix that identifies target dates for completion of the components of the strategic plan. Relevant Financial Policy City staff is complying with the new GASB pronouncement regarding lease reporting. Major Initiatives Staff continues to oversee the design and construction of our fitness center addition. Also, public works is overseeing the construction of the multi-million dollar infrastructure water/ sewer project, as well as design for various drainage projects. Long Term Planning Given the current economy and the uncertainty of the next few years, the City's existing financial position remains strong. The City has incorporated several strategies to decrease the expenses to the City over the next several years. Rising costs of personnel and the related benefits have been a challenge to the City; however, over the last few years, a healthy fund balance in the General Fund has allowed the City to weather these rising costs. During the upcoming year, the city will continue to monitor the effects of a new municipal utility district that will have 640 single family homes with an average value of $280,000. To date, approximately 221 homes have been permitted and 135 occupied. Also included in this development is $40,000,000 in multifamily housing and $12,000,000 in senior living housing. Build out is projected over the next five years, and city property tax revenue from this project is estimated to $1,580,000 annually. Draft 3-12-21 v Fiscal Year 2020 Annual Report During the upcoming fiscal year, the city will benefit from increased estimated taxes of $3.3 million annually from new construction in the Industrial District being taxed at 64% due to the expiration of the new construction period and growth from revaluations. New construction from residential and commercial will add $119 million in value to our property rolls. Conservative revenue estimates and efforts to reduce expenditures have contributed to the CityÓs strong nancial position and have allowed the City to weather the economic slump. We are especially pleased that fi there have been no property taxes rate increases for (30) thirty years. Additional capital projects are being funded by utilizing excess fund balances and previously issued debt that had been stranded. With the associated fund draw downs, the remaining fund balances continue to meet operational objectives and current fiscal policies. Awards and Acknowledgements The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its comprehensive annual financial report for the fiscal year ended September 30, 2019. This was the thirty-ninth consecutive year that the City has received this prestigious award. In order to be awarded a Certificate of Achievement, the City published an easily readable and efficiently organized comprehensive annual financial report. This report satisfied both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our currentcomprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. In addition, the city also received the GFOAÓs Distinguished Budget Award for its annual budget document. In order to qualify for the Distinguished Budget Presentation Award, the government's budget document was judged to be proficient in several categories, including as a policy document, a financial plan, an operations guide and a communications device. Other financial awards to the City are the Popular Financial Report Award from GFOA, the Investment Policy Award from the Government TreasurerÓs Organization of Texas, the Transparency Stars Award from the State of Texas Comptroller and the Achievement of Excellence in Procurement Award from the National Procurement Institute. The preparation of this report would not have been possible without the efficient and dedicated services of the entire staff of the finance and administration department. We would like to express our appreciation to all members of the department who assisted and contributed to the preparation of this report. Credit also must be given to the mayor and city council for their unfailing support for maintaining the highest standards of professionalism in the management of the City of La Porte's finances. Respectfully submitted, Draft 3-12-21 vi Fiscal Year 2020 Annual Report Draft 3-12-21 vii Fiscal Year 2020 Annual Report Draft 3-12-21 viii Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS LIST OF ELECTED AND APPOINTED OFFICIALS For the Year Ended September 30, 2020 Elected Officials Position Louis Rigby Mayor Danny Earp Council Member Î District One Chuck Engelken Council Member Î District Two William Bentley Council Member Î District Three r Thomas Garza Council Member Î District Fou Jay Martin Council Member Î District Five Nancy Ojeda Mayor Pro Tem Î District Six Brandon Lunsford Council Member Î At Large A Steve Gillett Council Member Î At Large B City Management Position Corby Alexander City Manager Jason Weeks Assistant City Manager Steve Deardorff Police Chief Ray Mayo Director of Public Works Lee Woodward City Secretary Denise Mitrano Municipal Judge Michael G. Dolby Director of Finance Draft 3-12-21 ix Fiscal Year 2020 Annual Report Draft 3-12-21 Fiscal Year 2020 Annual Report FINANCIAL SECTION Draft 3-12-21 Fiscal Year 2020 Annual Report Draft 3-12-21 Fiscal Year 2020 Annual Report REPORT OF INDEPENDENT AUDITORS To the Honorable Mayor and Members of City Council City of La Porte, Texas, Texas Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of La Porte, Texas, Texas (the ÐCityÑ), as of and for the year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the CityÓs basic financial statements as listed in the table of contents. ManagementÓs Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. AuditorÓs Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the La Porte Redevelopment Authority, which represent 3 percent, 23 percent and 6 percent, respectively, of the assets, liabilities and revenues of the governmental funds. Those financial statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the La Porte Redevelopment Authority, is based solely on the report of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. The financial statements of the La Porte Redevelopment Authority were not audited in accordance with Government Auditing Standards. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditorÓs judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entityÓs preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entityÓs internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. Draft 3-12-21 1 Fiscal Year 2020 Annual Report To the Honorable Mayor and Members of City Council We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, based on our audit and the report of the other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business- type activities, each major fund and the aggregate remaining fund information of the City, as of September 30, 2020, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the managementÓs discussion and analysis, the budgetary comparison, required pension system information and other post-employment benefit information on pages 7 through 18 and 80 through 86 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with managementÓs responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the CityÓs basic financial statements. The introductory section, combining and individual fund statements and schedules, and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. Draft 3-12-21 2 Fiscal Year 2020 Annual Report To the Honorable Mayor and Members of City Council Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 22, 2021, on our consideration of the CityÓs internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the CityÓs internal control over financial reporting and compliance. Houston, Texas March 22, 2021 Draft 3-12-21 3 Fiscal Year 2020 Annual Report Draft 3-12-21 4 Fiscal Year 2020 Annual Report MANAGEMENTÓS DISCUSSION AND ANALYSIS Draft 3-12-21 5 Fiscal Year 2020 Annual Report Draft 3-12-21 6 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS As management of the City of La Porte, we offer readers of the City of La PorteÓs financial statements this narrative overview and analysis of the financial activities of the City of La Porte for the fiscal year ended September 30, 2020. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found on pages i-vi of this report. FINANCIAL HIGHLIGHTS ¤ The assets and deferred outflows of resources of the City of La Porte exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $147.4 million (net position). Of this amount, $39.5 million is restricted for special purposes. The remaining balance is unrestricted net position, $22.9 million, which can be used to meet the CityÓs ongoing obligations to residents and creditors. ¤ Net position increased by $14.1 million as a result of operations. ¤ The City of La PorteÓs total expenses were $72.1 million. Program revenues of $21.4 million reduced the net cost of the CityÓs functions to be financed from the CityÓs general revenues to $50.7 million. ¤ The City of La PorteÓs total long-term liabilities and debt decreased by $2.9 million, or 3%, during the current fiscal year. This due primarily to the decrease in bonded debt and pension liability. OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the City of La PorteÓs basic financial statements. The CityÓs basic financial statements are comprised of three components: (1) government-wide financial statements, (2) fund financial statements and (3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. GOVERNMENT-WIDE STATEMENTS The government-wide statements report information about the City as a whole using accounting methods similar to those used by private-sector companies. The Statement of Net Position and the Statement of Activities, which are the government-wide statements, report information about the City as a whole and about its activities in a way that helps answer the question of whether the City is better off this year as compared to last year. These statements include all assets and liabilities and are presented on the accrual basis of accounting. All current year revenues and expenses are taken into account regardless of when the cash is received or paid. The Statement of Net Position presents information on all of the City of La PorteÓs assets, deferred outflows, liabilities and deferred inflows with the difference between the three reported as net position. Over time, deferred outflows, increases and decreases in net position may serve as a useful indicator of whether the financial position of the City of La Porte is improving or deteriorating. The Statement of Activities presents information showing how the governmentÓs net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation and sick leave). Draft 3-12-21 7 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) Both the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through their user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, public works, health, welfare and sanitation and culture and recreation. The business-type activities of the City consist of water and sewer utilities, airport, and the La Porte Area Water Authority. The government-wide financial statements can be found on pages 19 - 21 of this report. FUND FINANCIAL STATEMENTS A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into two categories Î governmental and proprietary Î and utilize different accounting approaches. Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a governmentÓs near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the governmentÓs near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains fourteen individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General Fund, Capital Improvements Fund, Debt Service Fund and La Porte Redevelopment Authority (ÐRDAÑ) which are considered to be major funds. Data from the other ten governmental funds are combined into a single, aggregated presentation. The City adopts an annual appropriated budget for its General Fund. Budgetary comparison statements have been provided to demonstrate compliance with these budgets. The basic governmental fund financial statements can be found on pages 22 through 28 of this report. Proprietary Funds The City maintains two types of proprietary funds. Proprietary funds are used to report the same functions presented as business type activities in the government-wide statements. The City uses proprietary funds to account for its utilities, airport and water authority. Internal services funds are an accounting device used to accumulate and allocate costs internally among the CityÓs various functions. The City uses its internal service funds to account for motor pool services, technology services and insurance. Because these services predominately benefit the governmental rather than business type functions, they have been included in the governmental activities in the government-wide financial statements. Draft 3-12-21 8 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements, only in more detail. The City uses enterprise funds to account for its utility operations, La Porte Area Water Authority and the Airport. All internal service funds are combined into a single aggregated presentation in the proprietary fund financial statements. The basic proprietary fund financial statements can be found on pages 29 - 34 of this report. NOTES TO THE FINANCIAL STATEMENTS The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes can be found on pages 35 - 79 of this report. OTHER INFORMATION In addition to the basic financial statements and the accompanying notes, this report also presents certain required supplementary information concerning the CityÓs progress in funding its obligation to provide other post- employment benefits, pension information and general fund budgetary comparisons. Required supplementary information can be found on pages 80 - 86 of the CityÓs Comprehensive Annual Financial Report. The combining statements referred to earlier in connection with nonmajor governmental funds and internal services funds are presented immediately following the required supplementary information. Combining and individual fund statements and supporting schedules can be found beginning on page 92 of the CityÓs Comprehensive Annual Financial Report. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of the CityÓs financial position. For the City, assets and deferred outflows exceed liabilities and deferred inflows by $147.4 million as of September 30, 2020, in the primary government as follows: SUMMARY OF STATEMENT OF NET POSITION As of September 30, 2020 and 2019 GovernmentalBusiness-type ActivitiesActivitiesTotal 202020192020201920202019 Current and other assets$ 137,689,960$ 119,212,211$ 17,122,824$ 16,809,064$ 154,812,784$ 136,021,275 Capital assets, net 76,085,59477,806,84432,582,335 31,735,493108,667,929 109,542,337 Total Assets 213,775,554197,019,05549,705,159 48,544,557263,480,713 245,563,612 Deferred Outflows 12,277,391 12,602,320 1,489,500 1,354,413 13,766,891 13,956,733 Other liabilities 6,097,1615,993,3002,663,792 1,159,5648,760,953 7,152,864 Long-term Liabilities 105,768,748108,818,4788,563,451 8,453,418114,332,199 117,271,896 Total Liabilities 111,865,909114,811,77811,227,243 9,612,982123,093,152 124,424,760 Deferred Inflows 6,074,128 1,623,071 675,300 178,788 6,749,428 1,801,859 Net Position: Net investment in capital assets 52,403,86453,011,91432,582,335 31,735,49384,986,199 84,747,407 Restricted 39,484,82430,280,877 - 39,484,824- 30,280,877 Unrestricted 16,224,2209,893,7356,709,781 8,371,70722,934,001 18,265,442 Total Net Position $ 108,112,908$ 93,186,526$ 39,292,116$ 40,107,200$ 147,405,024$ 133,293,726 Draft 3-12-21 9 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) Net Investment in Capital Assets The largest portion of the CityÓs net position (57.7%) reflects its investment in capital assets (e.g., land, buildings, machinery, equipment, improvements, construction in progress and infrastructure), less any debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the CityÓs investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the assets themselves cannot be used to liquidate these liabilities. Restricted Net Position A portion of the CityÓs net position, $39.5 million or 26.8% represents resources that are subject to external restriction on how they may be used. Unrestricted Net Position The City reports an unrestricted net position of $22.9 million or 15.6%. This is an increase of $4.7 million. The change is attributed primarily to governmental activities increase in revenues related to taxes, operating grants and investment earnings and cash position. The following table provides a summary of the CityÓs operations for the year ended September 30, 2020, with comparative data total for the year ended September 30, 2019. Governmental activities increased the CityÓs net position by $14.9 million as a result of operations, and Business-type activities decreased net position by $0.8 million as a result of operations. Draft 3-12-21 10 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) Statement of Activities The following table provides a summary of the CityÓs changes in net position: CHANGES IN NET POSITION For the Fiscal Years Ended September 30, 2020 and 2019 Governmental ActivitiesBusiness-type ActivitiesTotal 202020192020201920202019 Revenues Program revenues: Charges for Services9,137,342$ 10,488,224$ 10,027,657$ 9,558,239$ 19,164,999$ 20,046,463$ Operating grants and contributions2,149,364 1,303,376- - 2,149,364 1,303,376 Capital grants and contributions109,372 596,878 - 262,977 109,372 859,855 General revenues: Property taxes 29,727,74726,484,216 - 29,727,747- 26,484,216 Other taxes16,879,83616,979,871 - 16,879,836- 16,979,871 Industrial payments16,439,51014,899,624 - 16,439,510- 14,899,624 Investment earnings1,158,8552,414,593 147,897 360,285 1,306,752 2,774,878 Miscellaneous 487,092251,400 (20,884) (12,350) 466,208 239,050 Total Revenues 76,089,11873,418,18210,154,670 10,169,151 86,243,788 83,587,333 Expenses General government 16,563,55715,519,147 - 16,563,557- 15,519,147 Public safety 22,524,84321,356,779 - 22,524,843- 21,356,779 Public works 7,341,6087,818,696 - 7,341,608- 7,818,696 Culture and recreation 5,884,7936,932,569 - 5,884,793- 6,932,569 Health, welfare and sanitation 4,861,6804,016,465 - 4,861,680- 4,016,465 Interest on long-term debt 3,219,632900,287 - 3,219,632- 900,287 Utility services - 8,675,713- 7,985,233 8,675,713 7,985,233 LPAWA - 2,847,640- 1,769,830 2,847,640 1,769,830 Airport - - 213,024 157,008 213,024 157,008 Total Expenses 60,396,11356,543,94311,736,377 9,912,071 72,132,490 66,456,014 Increase in Net Position Before Transfers 15,693,00516,874,239(1,581,707) 257,080 14,111,298 17,131,319 Transfers (766,623)360,864 766,623 (360,864) - - Change in Net Position 14,926,38217,235,103(815,084) (103,784)14,111,29817,131,319 Net position, Beginning 93,186,52675,951,42340,107,200 40,210,984133,293,726 116,162,407 Net Position, Ending $ 108,112,908$ 93,186,526$ 39,292,116$ 40,107,200$ 147,405,024$ 133,293,726 The governmentÓs total net position as a result of operations increased by $14.1 million during the current fiscal year. Charges for services represented 22% of total revenues, property taxes and industrial payments were 54% of total revenues, sales taxes and other taxes were 20%, the remaining revenues accounted for 5% of total revenues. On the expense side, public works expenses were 10% of the total, while public safety was 31% and general government was 23%. Utility, LPAWA, and airport expenses were 16% of total expenses. Interest on long term debt was 4% of total expenses. Draft 3-12-21 11 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) GOVERNMENTAL ACTIVITIES A comparison of program expenses to program revenues and revenues by source for governmental activities follows: ExpenseandProgramRevenuesGovernmentalActivities $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $ GeneralPublicsafetyPublicworksCultureandHealth,Interestonlong governmentrecreationwelfareandtermdebt sanitation ExpensesRevenues Revenues sources for governmental activities were distributed as follows: Operating RevenuebySourceGovernmentalActivities grantsand contributions Investmentearnings MiscellaneousChargesfor 3% 1% 1%Services 12% Capitalgrantsand contributions Industrialpayments 0% 22% Propertytaxes Othertaxes 39% 22% Draft 3-12-21 12 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) For the year ended September 30, 2020, revenues without transfers in the governmental activities totaled $76.1 million. This represents an increase of approximately $2.7 million or 3.6% due primarily to an increase in property taxes and other taxes. BUSINESS-TYPE ACTIVITIES Revenues without transfers or interest in the business-type activities totaled $10.2 million, a $14,481 decrease from the prior year. This decrease is due to a decrease in investment earnings and contributions offset by a slight increase in charges for services due to an increase in usage. A comparison between expenses and program revenues (charges for services) relating to Utility operations follows. ExpenseandProgramRevenuesBusinessTypeActivities $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $ UtilityLPAWAAirport ExpensesRevenues FINANCIAL ANALYSIS OF THE CITY'S FUNDS The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. As of the close of the current fiscal year, the CityÓs governmental funds reported combined ending fund balances of $117.9 million, an increase of $16.0 million from the prior year. This increase is due to an increase in property taxes, industrial payments and cost containment. As noted earlier, fund accounting is used to demonstrate and ensure compliance with finance-related legal requirements. Governmental Funds - The focus of the CityÓs governmental funds is to provide information of near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the CityÓs financing requirements. In particular, unassigned fund balance may serve as a useful measure of the CityÓs net resources available for spending at the end of the fiscal year. The General fund is the chief operating fund of the City. At the end of the current fiscal year, unassigned fund balance of the general fund was $64.0 million, an increase of $6.7 million due to an increase in revenue collections and cost containment. As a measure of the general fundÓs liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 155% of total general fund expenditures and total fund balance represents 156% of the same. Draft 3-12-21 13 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) The Debt Service fund has a total fund balance of approximately $5.0 million, all of which is restricted for the payment of debt service. The net increase in fund balance from the prior year of $521 thousand was due to an increase in property tax revenue and debt refunding. The La Porte Redevelopment Authority had a total fund balance of approximately $4.3 million, all of which is restricted for capital projects. The net increase in fund balance from the prior year of $2.4 million was due an increase in property taxes. The Capital Improvements Fund had a total fund balance of approximately $13.5 million, all of which is restricted for capital projects. The net increase in fund balance from the prior year of $4.7 million was due to transfers from other funds. Proprietary Funds. The CityÓs proprietary funds provide the same type of information found in the government- wide financial statements. Unrestricted net position of the respective proprietary funds are Utility - $4.9 million, La Porte Area Water Authority - $1.7 million and Airport - $115 thousand. The changes in net position of the proprietary funds for 2020 were as follows: Utility Î $653 thousand, La Porte Area Water Authority Î $1.4 million and Airport Î $29 thousand. Increase in the Utility Fund is due to capital contributions. The decrease in the La Porte Area Water Authority is due to an increase in operating expenses, specifically water purchases and a true-up of water purchase cost. General Fund Budgetary Highlights Actual revenues exceeded the final General Fund budgeted revenues by $5.4 million. The major drivers were industrial payments exceeded budget by $2.4 million, sales and use taxes by $1.1 million and property taxes by $1.4 million. The total appropriations exceeded expenditures by $5.3 million, the majority of which can be attributed to three departments. General government had a positive variance of $1.7 million, public safety had a positive variance of $2.7 million and public works had a positive variance of $432 thousand. Capital Asset and Debt Administration Capital Assets. The CityÓs investment in capital assets for its governmental and business-type activities as of September 30, 2020, amounts to $108.7 million (net of accumulated depreciation). This investment in capital assets includes land, buildings, roads, park facilities, water and wastewater plants and service lines, machinery and equipment, and construction in progress. The total decrease in the CityÓs investment in capital assets for the current fiscal year was approximately $0.9 million. The following table shows capital assets activity for the 2020 and 2019 fiscal years: SCHEDULE OF CAPITAL ASSETS (net of depreciation) Governmental ActivitiesBusiness-type ActivitiesTotal 202020192020201920202019 Land10,326,295$ 10,326,295$ 447,791$ 447,791$ 10,774,086$ 10,774,086$ Construction in progress3,934,9892,473,6254,969,8363,081,3128,904,825 5,554,937 Infrastructure24,501,17324,336,899- - 24,501,173 24,336,899 Buildings and improvements28,913,08031,591,06823,017,00125,879,49751,930,081 57,470,565 Machinery and equipment8,410,0579,078,9574,147,7072,326,89312,557,764 11,405,850 Totals76,085,594$ 77,806,844$ 32,582,335$ 31,735,493$ 108,667,929$ 109,542,337$ Major capital asset events during the current year include the reporting of a drainage master plan study. Draft 3-12-21 14 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) Construction in progress at year-end represents ongoing projects; to include various water and sewer projects. Additional information on capital assets activity can be found on pages 52 - 53 in the notes to the financial statements. LONG-TERM DEBT At the end of the current fiscal year, the City had total debt outstanding of $33.0 million. This amount is backed by the full faith and credit of the City. The City maintains an ÐAA+Ñ with Standard and PoorÓs for general obligation debt. Additional information on long-term debt activity can be found on pages 54 - 56 in the notes to the financial statements. SCHEDULE OF LONG-TERM LIABILITIES GovernmentalBusiness-typeTotal ActivitiesActivitiesActivities 202020192020201920202019 General Obligation Bonds16,650,000$ 16,425,000$ -$ -$ 16,650,000$ 16,425,000$ Certificates of Obligation15,185,00019,405,000- - 15,185,000 19,405,000 Premium on Issuance1,190,4721,068,378- - 1,190,472 1,068,378 Developer Agreements4,994,4072,624,661- - 4,994,407 2,624,661 Compensated Absences3,489,4613,214,517163,152 129,050 3,652,613 3,343,567 Net Pension Liability - TMRS11,140,51021,333,8341,208,499 2,303,674 12,349,009 23,637,508 Net Pension Liability - TESRS261,913136,398- - 261,913 136,398 Total OPEB Liability - SDBF1,140,134951,774123,700107,0231,263,834 1,058,797 Total OPEB Liability - RHCP51,716,85143,658,9167,068,1005,913,67158,784,951 49,572,587 Totals105,768,748$ 108,818,478$ 8,563,451$ 8,453,418$ 114,332,199$ 117,271,896$ ECONOMIC FACTORS AND NEXT YEARÓS BUDGETS AND RATES During the upcoming year, the will have no increase in property tax rate and no utility fund rate increase. The fiscal year 2020-2021 budget includes the following highlights: Merit increases for non-civil service employees - $663,105 Meeting and conference increases for civil service employees - $280,000 No change in employee contribution for health insurance Capital projects of approximately $21.6 million (including $3.2 million from Street Maintenance Sales Tax Funding) and $7.8 million from grant funding Vehicle replacement of $1,826,111 Transfer of $8.4 million from the General Fund for CIP Transfer of $4.0 million from General Fund for the Insurance Fund Draft 3-12-21 15 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS, TEXAS MANAGEMENTÓS DISCUSSION AND ANALYSIS (continued) Overall the upcoming General Fund budget projects a decrease of $6.82 million for one time capital projects. As shown below, property values and sales taxes continue to increase. The trend for total assessed values has fluctuated slightly over the past five years resulting in a total increase of 23%. AssessedPropertyValue(inbillions) $3.5 $3.4 $3.3 $3.2 $3.1 $3.0 $2.9 $2.8 $2.7 $2.6 $2.5 20162017201820192020 Salestaxrevenues(inmillions) $15.0 $14.0 $13.0 $12.0 $11.0 $10.0 $9.0 $8.0 $7.0 $6.0 $5.0 20162017201820192020 REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the City of La PorteÓs finances for all those with an interest in the CityÓs finances. Questions concerning this report or requests for additional financial information should be directed to the Director of Finance, 604 West Fairmont Parkway, La Porte, Texas 77571. Draft 3-12-21 16 Fiscal Year 2020 Annual Report BASIC FINANCIAL STATEMENTS Draft 3-12-21 17 Fiscal Year 2020 Annual Report Draft 3-12-21 18 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-1 STATEMENT OF NET POSITION September 30, 2020 Governmental Business-type ActivitiesActivitiesTotal Assets Cash and cash equivalents127,797,713$ 15,681,730$ 143,479,443$ Investments1,744,750 256,815 2,001,565 Receivables, net allowance for uncollectable3,597,254 1,151,279 4,748,533 Due from other government4,337,857 - 4,337,857 Inventories212,386 33,000 245,386 Capital assets: Capital assets not subject to depreciation14,261,284 5,417,627 19,678,911 Capital assets, net of accumulated depreciation61,824,310 27,164,708 88,989,018 Total capital assets, net76,085,594 32,582,335 108,667,929 Total Assets 49,705,159213,775,554 263,480,713 Deferred Outflows of Resources Deferred charge on refunding530,545 - 530,545 Deferred outflows related to TMRS pensions3,435,198 372,700 3,807,898 Deferred outflows related to TESRS pensions97,163 - 97,163 Deferred outflows related to OPEB - Retiree Health Care Plan8,005,329 1,094,100 9,099,429 Deferred outflows related to OPEB - Supplemental Death Benefits209,156 22,700 231,856 Total Deferred Outflows 1,489,50012,277,391 13,766,891 Liabilities Accounts payable4,518,678 1,937,090 6,455,768 Accrued liabilities1,578,483 80,805 1,659,288 Customer deposits- 645,897 645,897 Long-term non-current liabilities: Due within one year3,734,473 8,158 3,742,631 Due in more than one year37,774,867 154,994 37,929,861 Net pension liability - TMRS11,140,510 1,208,499 12,349,009 Net pension liability - TESRS261,913 - 261,913 Net OPEB liability - Retiree Health Care Plan51,716,851 7,068,100 58,784,951 Total OPEB liability - Supplemental Death Benefits 1,140,134 123,700 1,263,834 Total Liabilities 111,865,909 11,227,243 123,093,152 Deferred Inflows of Resources Deferred inflows related to TMRS pensions 5,400,368 585,800 5,986,168 Deferred inflows related to TESRS pensions 317 - 317 Deferred inflows related to OPEB - Retiree Health Care Plan 582,445 79,600 662,045 Deferred inflows related to OPEB - Supplemental Death Benefits90,998 9,900 100,898 Total Deferred Outflows 6,074,128 675,300 6,749,428 Net Position Net Investment in capital assets 52,403,864 32,582,335 84,986,199 Restricted for: Debt service 6,146,898 6,146,898- Economic development 11,302,586 11,302,586- Senior citizen programs 10,543 - 10,543 Replacement of trees 525,347 - 525,347 Municipal court building & technology 537,407 - 537,407 Park improvements 652,330 - 652,330 Public safety 2,565,354 2,565,354- Public works 2,685,024 2,685,024- Other 366,281 - 366,281 Capital projects 14,693,054 14,693,054- Unrestricted 16,224,220 6,709,781 22,934,001 Total Net Position $ 108,112,908$ 39,292,116$ 147,405,024 Draft 3-12-21 See Notes to Financial Statements 19 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS STATEMENT OF ACTIVITIES For the Year Ended September 30, 2020 Program Revenues Operating Capital Charges for Grants and Grants and ExpensesServicesContributionsContributions Functions/Programs Governmental activities: General government16,563,557$ 3,061,645$ -$ -$ Public safety22,524,843 1,613,135 2,135,502 - Public works7,341,608 292,491 12,678 109,372 Culture and recreation5,884,793 1,713,104 1,184 - Health, welfare and sanitation4,861,680 2,456,967 - - Interest on long-term debt3,219,632 - - - Total governmental activities 9,137,34260,396,113 2,149,364 109,372 Business-type activities: Utility 8,675,713 8,724,320 - - LPAWA2,847,640 1,256,463 - - Airport213,024 46,874 - - Total business-type activities 10,027,65711,736,377 - - Total Primary Government $ 19,164,99972,132,490$ 2,149,364$ 109,372$ General revenues: Taxes: Property taxes Sales and use taxes Industrial payments Franchise taxes Unrestricted Investment earnings Miscellaneous Transfers Total General Revenues and Transfers Change in Net Position Net Position, beginning Net Position, Ending Draft 3-12-21 See Notes to Financial Statements 20 Fiscal Year 2020 Annual Report Exhibit A-2 Net (Expense) Revenues and Changes in Net Position Primary Government Business- Governmental type ActivitiesActivitiesTotal $ (13,501,912)$ - $ (13,501,912) (18,776,206) (18,776,206)- (6,927,067) (6,927,067)- (4,170,505) (4,170,505)- (2,404,713) (2,404,713)- (3,219,632) (3,219,632)- (49,000,035) (49,000,035)- 48,607- 48,607 (1,591,177)- (1,591,177) (166,150)- (166,150) (1,708,720)- (1,708,720) (49,000,035)(1,708,720)(50,708,755) 29,727,747 29,727,747- 13,828,983 13,828,983- 16,439,510 16,439,510- 3,050,853 3,050,853- 1,158,855 1 47,897 1,306,752 487,092 (20,884) 466,208 (766,623) 766,623 - 63,926,417893,63664,820,053 14,926,382(815,084)14,111,298 93,186,52640,107,200133,293,726 $ 108,112,908$ 39,292,116$ 147,405,024 Draft 3-12-21 See Notes to Financial Statements 21 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS BALANCE SHEET GOVERNMENTAL FUNDS September 30, 2020 La Porte Redevelopment Capital GeneralDebt ServiceAuthorityImprovements Assets Current Assets: Cash and cash equivalents64,132,684$ 4,936,844$ 5,180,701$ 13,805,163$ Investments1,081,625 2,211 - 233,849 Receivables, net of allowance for uncollectible 4,561,288 118,827 - 6 Inventories 158,899 - - - Total Assets$ 69,934,496$ 5,057,882$ 5,180,701$ 14,039,018 Liabilities: Accounts payable$ 2,092,236$ -$ 903,983$ 522,991 Accrued salaries 849,358 - - - Other payables 63,885 - - - Total Liabilities 3,005,479 - 903,983 522,991 Deferred Inflows of Resources Unavailable revenue - property taxes 255,627 44,365 - - Unavailable revenue - fines and fees 468,562 - - - Unavailable revenue - EMS 642,111 - - - Unavailable revenue - other 1,038,790 -- - Total Deferred Inflows of Resources 2,405,090 44,365 - - Fund Balances: Nonspendable: Inventory 158,899 - - - Restricted for: Debt service 5,013,517- - - Economic development - 4,276,718- - Senior citizen programs - - - - Replacement of trees - - - - Municipal court building and technology - - - - Park improvements - - - - Public safety - - - - Capital projects - - 13,516,027- Public works - - - - Other - - - - Assigned: 365,294 - - - Unassigned: 63,999,734 - Total Fund Balances 64,523,927 5,013,517 4,276,718 13,516,027 Total Liabilities, Deferred Inflow of Resources and Fund Balances $ 69,934,496$ 5,057,882$ 5,180,701$ 14,039,018 Draft 3-12-21 See Notes to Financial Statements 22 Fiscal Year 2020 Annual Report Exhibit A-3 Nonmajor Total Governmental Governmental FundsFunds $ 116,219,89228,164,500$ 226,526 1,544,211 3,131,411 7,811,532 - 158,899 $ 31,522,437$ 125,734,534 $ 917,676$ 4,436,886 2,813 852,171 - 63,885 920,489 5,352,942 - 299,992 - 468,562 - 642,111 1,038,790- 2,449,455- - 158,899 1,089,016 6,102,533 7,025,868 11,302,586 10,543 10,543 525,347 525,347 537,407 537,407 652,330 652,330 2,565,354 2,565,354 15,144,778 28,660,805 2,685,024 2,685,024 366,281 366,281 - 365,294 63,999,734- 30,601,948 117,932,137 $ 31,522,437$ 125,734,534 Draft 3-12-21 See Notes to Financial Statements 23 Fiscal Year 2020 Annual Report Draft 3-12-21 24 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-4 RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION September 30, 2020 Total fund balance, governmental funds $ 117,932,137 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.68,411,933 Certain other long-term assets (property taxes, court fines, EMS and other receivables) are not available to pay current period expenditures and therefore are not reported in this fund financial statement, but are reported in the governmental activities of the statement of net position. 2,449,455 Some liabilities and deferred outflows and inflows are not due and payable in the current period and are not included in the fund financial statement, but are included in the governmental activities of the statement of net position. Bonds payable(16,650,000) Certificates of obligation(15,185,000) Premium on bonds(1,190,472) Deferred charge on refunding530,545 Due to developer(4,994,407) Compensated absences(3,443,849) Deferred inflows/outflows related to pensions(1,868,324) Deferred inflows/outflows related to OPEB7,541,042 Net pension liability(11,402,423) Total OPEB liability(52,856,985) The assets and liabilities of certain internal service funds are not included in the fund financial statements but are included in the governmental activities of the Statement of Net Position.18,839,256 Net Position of Governmental Activities $ 108,112,908 Draft 3-12-21 See Notes to Financial Statements 25 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS For the Year Ended September 30, 2020 La Porte Redevelopment Capital GeneralDebt ServiceAuthorityImprovements Revenues Taxes: Property taxes and penalties20,370,665$ 3,833,522$ 5,315,923$ -$ Other taxes73,904 - - - Licenses and permits 891,332 - - - Fines and forfeitures 1,554,668 - - - Sales and use taxes 6,591,622 - - - Industrial payments 16,439,510 - - - Franchise taxes 3,050,853 - - - Intergovernmental revenues 41,355 - - - Investment Earnings 628,556 54,299 724 102,742 Charges for services 6,263,368 - - - Miscellaneous 238,519 - - - Total revenues 56,144,352 3,887,821 5,316,647 102,742 Expenditures Current: General government 10,737,547 - 917,042 141,495 Public safety 17,714,244 - - - Public works 3,350,690 - - - Health and sanitation 3,145,383 - - - Culture and recreation 6,285,996 - - 415,821 Capital outlay - - 1,614,055- Debt service: Principal 3,775,000- 1,923,487 - Interest and fiscal charges 922,581- 47,498 - Total expenditures 41,233,860 4,697,581 2,888,027 2,171,371 Excess (Deficiency) of Revenues Over (Under) Expenditures 14,910,492 (809,760) 2,428,620 (2,068,629) Other Financing Sources (Uses) Transfers in 57,476 1,256,664 6,792,950- Transfers out (8,119,445) - - - Proceeds of bonds issuance 2,705,000- - - Bond premium/discount 352,246- - - Payment to bond escrow agent (2,982,662)- - - Proceeds from sales of assets 65,147 - - - Total Other Financing Sources (Uses) (7,996,822) 1,331,248 6,792,950- Net Change in Fund Balance 6,913,670 521,488 2,428,620 4,724,321 Fund Balances, Beginning 57,610,257 4,492,029 1,848,098 8,791,706 Fund Balances, Ending $ 64,523,927$ 5,013,517$ 4,276,718$ 13,516,027 Draft 3-12-21 See Notes to Financial Statements 26 Fiscal Year 2020 Annual Report Exhibit A-5 Nonmajor Total Governmental Governmental FundsFunds $ 29,520,110-$ - 73,904 - 891,332 177,006 1,731,674 7,163,457 13,755,079 16,439,510- 3,050,853- 2,194,137 2,235,492 288,419 1,074,740 292,491 6,555,859 435,198 673,717 10,550,708 76,002,270 818,353 12,614,437 2,960,762 20,675,006 2,397,799 5,748,489 3,145,383- 12,651 6,714,468 634,447 2,248,502 5,698,487- - 970,079 6,824,012 57,814,851 3,726,696 18,187,419 8,107,090- (2,355,248) (10,474,693) 2,705,000- - 352,246 (2,982,662)- - 65,147 (2,355,248) (2,227,872) 1,371,448 15,959,547 29,230,500 101,972,590 $ 30,601,948$ 117,932,137 Draft 3-12-21 See Notes to Financial Statements 27 Fiscal Year 2020 Annual Report Exhibit A-6 CITY OF LA PORTE, TEXAS RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES For the Year Ended September 30, 2020 Amounts reported for governmental activities in the statement of activities are different because: Net change in fund balance-total governmental funds.$ 15,959,547 Governmental funds report capital outlays as expenditures. However in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which depreciation ($4,993,657) exceeded capital outlay ($4,017,930) (975,727) Governmental funds do not present revenues that are not available to pay current obligations. In contrast, such revenues are reported in the Statement of Activities when earned. (120,956) Bonds and other debt proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of bond and other debt principal is an expenditure in the governmental fund, but repayment reduces the long-term liabilities in the Statement of Net Position. Also, governmental funds report the effect of premiums, discounts, and other similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities Issuance of refunding bonds (2,705,000) Payment to escrow agent 2,982,662 Premium (352,246) Principal paid on bonds 3,775,000 Some expenses reported in the statement of activities do not require the use of current financial resources are therefore are not reported as expenditures in governmental funds. This adjustment reflects the net change in: Deferred outflows related to pensions (5,937,225) Deferred inflows related to pensions (3,929,655) Net pension liability 10,067,809 Deferred outflows related to OPEB 5,714,746 Deferred inflows related to OPEB (521,402) Total OPEB liability (8,246,295) Compensated absences payable (279,082) Amortization of deferred amount on refunding (157,457) Amortization of bond premiums 230,152 Payment to developer (2,369,746) The net income (loss) of certain activities of internal service funds is reported with governmental activities. 1,791,257 Change in Net Position of Governmental Activities $ 14,926,382 Draft 3-12-21 See Notes to Financial Statements 28 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-7 STATEMENT OF NET POSITION PROPRIETARY FUNDS September 30, 2020 Business-Type Activities - Enterprise Funds Governmental Total Activities - Enterprise Internal UtilityLPAWAAirportFundsService Funds Assets Current Assets: Cash and cash equivalents$ 13,101,752$ 2,479,123$ 100,855$ 15,681,730$ 11,577,821 Investments213,11241,9951,708256,815 200,539 Other receivables, net of allowance - - - - 3,652 Due from other governments - - - - 119,927 Inventories33,000 - - 33,000 53,487 Accounts receivable, net of allowance for doubtful accounts1,016,328119,97114,9801,151,279 - Total Current Assets 14,364,192 2,641,089 117,543 17,122,824 11,955,426 Noncurrent Assets: Capital assets: Land and Improvements224,308 223,483447,791- - Construction in progress4,813,687 156,1494,969,836- - Buildings and improvements156,649 6,147,7266,304,375- - Improvements other than buildings71,261,54815,592,180 86,853,728- - Vehicles and equipment4,100,33647,371 4,147,707- 20,734,135 Less accumulated depreciation(53,832,835) (11,869,236) (4,439,031) (70,141,102) (13,060,474) Total Noncurrent Assets 26,723,693 3,770,315 2,088,327 32,582,335 7,673,661 Total Assets 41,087,885 6,411,404 2,205,870 49,705,159 19,629,087 Deferred Outflows Deferred outflows related to pensions372,700 - - 372,700 - Deferred outflows related to OPEB1,116,800 - - 1,116,800 - Total Deferred Outflows 1,489,500 - 1,489,500- - Liabilities Current liabilities: Accounts payable 900,422974,523 1,874,945- 81,792 Accrued wages payable80,029 -77680,805 - Accrued liabilities62,145 - - 62,145 22,089 Customer deposits644,397 - 1 ,500 645,897 - Claims and judgments - - - - 640,338 Long-Term Debt, Current Portion Compensated absences 8,158 - - 8,158 - Total Current Liabilities 1,695,151 974,523 2 ,276 2,671,950 744,219 Noncurrent Liabilities: Compensated absences154,994 - - 154,994 45,612 Net pension liability1,208,499 - - 1,208,499 - Net OPEB liability7,191,800 - - 7,191,800 - Total Noncurrent Liabilities 8,555,293 - - 8,555,293 45,612 Total Liabilities 10,250,444 974,523 2 ,276 11,227,243 789,831 Deferred Inflows of Resources Deferred inflows related to pensions585,800 - - 585,800 - Deferred inflows related to OPEB89,500 - - 89,500 - Total Deferred Inflows of Resources 675,300 - - 675,300 - Net Position Investment in capital assets 26,723,693 3,770,315 2,088,327 32,582,335 7,673,661 Unrestricted4,927,9481,666,566115,2676,709,781 11,165,595 Total Net Position $ 31,651,641$ 5,436,881$ 2,203,594$ 39,292,116$ 18,839,256 Draft 3-12-21 See Notes to Financial Statements 29 Fiscal Year 2020 Annual Report Draft 3-12-21 30 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-8 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS For the Year Ended September 30, 2020 Business-Type Activities - Enterprise Funds Governmental Total Activities - Enterprise Internal UtilityLPAWAAirportFundsService Funds Operating Revenues Charges for services$ 8,598,511$ 1,256,463$ 46,874$ 9 ,901,848$ 10,200,092 Miscellaneous - - - - 33,255 g Revenues Total Operatin 1,256,4638,598,511 4 6,874 9,901,848 10,233,347 Operating Expenses Personnel4,116,809 - 3 1,829 4,148,638 1,150,835 Supplies and materials226,6874,8111,404 2 32,902 8,275,511 Purchased water 881,808- - 8 81,808 - Other services2,596,2831,503,69247,709 4 ,147,684 - Depreciation1,735,934459,359132,082 2 ,327,375 1,852,877 Total Operating Expenses 8,675,713 2 ,849,670 2 13,024 1 1,738,407 11,279,223 Operating Income (Loss) (77,202) (1,593,207) (166,150) (1,836,559) (1,045,876) Non-Operating Revenues (Expenses) Investment earnings (loss)118,93827,7141,245147,897 84,115 Gain/loss on disposal of capital assets (20,884) - - (20,884) 58,542 Total Non-Operating Revenue 98,054 2 7,714 1 ,245 127,013 142,657 Income (Loss) Before Contributions and Transfers 20,852 (1,565,493) (164,905) (1,709,546) (903,219) Contributions and Transfers Capital contributions 958,627 125,809 136,899 1 ,221,335 - Transfers from other funds - - - - 2,715,061 Transfer (to) other funds(326,043) - (830) (326,873) (20,585) Total Contributions and Transfers 632,584 125,809 136,069 894,462 2,694,476 Change in Net Position (1,439,684)653,436 (28,836) (815,084) 1,791,257 Net position, beginning 30,998,205 6 ,876,565 2 ,232,430 4 0,107,200 17,047,999 Net position, Ending $ 31,651,641$ 5,436,881$ 2,203,594$ 39,292,116$ 18,839,256 Draft 3-12-21 See Notes to Financial Statements 31 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-9 STATEMENT OF CASH FLOWS(Page 1 of 2) PROPRIETARY FUNDS For the Year Ended September 30, 2020 Business-type Activities - Enterprise Funds Governmental Total Activities - Enterprise Internal Service UtilityLPAWAAirportFundsFunds Cash Flows from Operating Activities Receipts from customers and users$ 8,663,251$ 1,250,415$ 39,357$ 9,953,023$ 10,238,199 Disbursed for personnel services (3,608,801) - (31,829) (3,640,630) (1,137,607) Disbursed for good and services to suppliers (2,099,091) (1,682,985) (49,113) (3,831,189) (8,198,896) Net Cash Provided (Used) by Operating Activities 2,955,359 (432,570) (41,585) 2,481,204 901,696 Cash Flows From Noncapital Financing Activities Transfers from other funds - - - -2,715,061 Transfer to other funds(326,043) -(830)(326,873)(20,585) Net Cash Provided (Used) by Noncapital Financial Activities (326,043) -(830)(326,873)2,694,476 Cash Flows from Capital & Related Financing Activities Acquisition and construction of capital assets (1,898,433) (162,500) - (2,060,933) (1,044,146) Net Cash Provided (Used) by Capital & Related Financing Activities (1,898,433) (162,500) - (2,060,933) (1,044,146) Cash Flows from Investing Activities Purchase of investments (125,885)- - (125,885) 84,115 Interest Received 107,098 2 4,784 1 ,103 132,985 - Sales of investments 2 ,838,076 970,886 35,315 3,844,277 2,177,719 Net Cash Provided (Used) by Investing Activities 2,945,174 869,785 36,418 3,851,377 2,261,834 Net Increase (Decrease) in Cash and Cash Equivalents 3,676,057 274,715 (5,997) 3,944,775 4,813,860 Cash and cash equivalents, beginning 9,425,695 2,204,408 106,852 11,736,955 6,763,961 Cash and Cash Equivalents, Ending $ 13,101,752$ 2 ,479,123$ 1 00,855$ 15,681,730$ 11,577,821 Draft 3-12-21 See Notes to Financial Statements 32 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-9 (Page 2 of 2) STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Year Ended September 30, 2020 Business-type Activities - Enterprise Funds Governmental Activities - Total Enterprise Internal Service FundsFunds UtilityLPAWAAirport Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss)$ (77,202)$ (1,593,207)$ (166,150)$ (1,836,559)$ (1,045,876) Adjustments to reconcile operating income to net cash used by operating activities: Depreciation1,735,934459,359132,0822,327,375 1,852,877 (Increase) decrease in accounts receivable 52,356 (6,048) (7,517) 38,791 11,077 (Increase) in inventories (9,000) - - (9,000) (5,173) Increase (decrease) in accounts payable 732,879 707,326 - 1,440,205 33,703 Increase (decrease) in deferred outflow-pensions 645,123 - - 645,123 - Increase (decrease) in deferred outflow-OPEB (780,210) - - (780,210) - Increase (decrease in accrued liabilities 36,550 - - 36,550 5,295 Increase (decrease) in unearned revenue - - - - - Increase (decrease) in customer deposits 12,384 - - 12,384 - Increase (decrease) in claims - - - - 41,860 Increase (decrease) in compensated absences 34,102 - - 34,102 7,933 Increase (decrease) in net pension liability (1,095,175) - - (1,095,175) - Increase (decrease) in net OPEB liability 1,171,106 - - 1,171,106 - (Increase) decrease in deferred inflow-pensions 427,811 - - 427,811 - (Increase) decrease in deferred inflow-OPEB 68,701 - - 68,701 - Net Cash Provided (Used) by Operating Activities $ 2,955,359$ (432,570)$ (41,585) $ 2,481,204$ 901,696 Noncash Investing, Capital and Financing Activities: Capital asset contributions from governmental funds$ 9 58,626$ 1 25,809$ 1 36,899$ 1,221,334$ - Draft 3-12-21 See Notes to Financial Statements 33 Fiscal Year 2020 Annual Report Draft 3-12-21 34 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENT Note 1 Î Summary of Significant Accounting Policies The City of La Porte, Texas (the ÐCityÑ) was incorporated under the laws of the State of Texas on August 10, 1892. The City operates under a ÐCouncil-ManagerÑ form of government and provides the following services as authorized by its charter: public safety, development services, public health and welfare, culture and recreation and waterworks. The accounting and reporting policies of the City relating to the funds included in the accompanying basic financial statements conform to U.S. generally accepted accounting policies (GAAP) applicable to state and local governments which include the principles prescribed by the Governmental Accounting Standards Board (GASB), the American Institute of Certified Public Accountants and the Financial Accounting Standards Board. The more significant accounting policies of the City are prescribed below. A. Reporting Entity The CityÓs basic financial statements include the accounts of all City operations. The City, with its elected governing body of mayor and eight council members, is considered a primary government. As required by GAAP, the basic financial statements include the City and its component units, entities for which the government is considered to be financially accountable. Blended component units, although legally separate entities, are in substance, part of the governmentÓs operations. All component units have been included as blended component units because of the significance of their operations and financial relationships with the City. The La Porte Area Water Authority (the ÐAuthorityÑ) is governed by a five-member board appointed by the City Council. Although it is a legally separate entity, the Authority provides services almost exclusively for the CityÓs water operations, and is in substance a part of the CityÓs primary operations. The Authority was created by the City to finances the operations involved in obtaining surface water supplies and converting these supplies to potable water. This water is sold primarily to the City (86%) with the remainder being sold to other neighboring political subdivisions. The operations of the Authority are reported as a proprietary fund type. The La Porte Redevelopment Authority is governed by a nine-member board appointed by the Mayor with the approval of City Council. The La Porte Redevelopment Authority provides benefits exclusively for the City through reinvestment financing of ad valorem taxes, which are utilized for capital improvements for the City. The La Porte Redevelopment Authority is presented as a governmental fund type. The Section 4B Sales Tax Corporation provides services that exclusively benefits the City and is governed by a seven-member board appointed by City Council. The Section 4B Sales Tax Corporation is presented as a governmental fund type. The Emergency Service District (the ÐDistrictÑ) provides public safety services exclusively to the City. The District is governed by a seven member board appointed by City Council. The District is a governmental fund type. The Street Maintenance Component Unit provides infrastructure improvements exclusively to the City. City Council directs staff operations through the annual budget process. Complete financial statements for each of the individual component units may be obtained through the City. Draft 3-12-21 35 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) B. Government-wide Financial Statements The government-wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information about the City as a whole. The governmental activities column incorporates data from governmental funds and internal service funds, while business-type activities incorporate data from the CityÓs enterprise funds. Separate financial statements are provided for governmental funds and proprietary funds. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are payments for interfund services provided and other charges between the CityÓs various other functions. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned C. Fund Financial Statements The fund financial statements provide information about the CityÓs funds and blended component units. Separate statements for each fund category Î governmental and proprietary Î are presented. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds. Major individual governmental and enterprise funds are reported as separate funds in the fund financial statements. The City reports the following major Governmental Funds: General Fund The General Fund is used to account for all financial transactions that are not accounted for in another fund. The principal sources of revenues of the General Fund are property taxes, sales and use taxes, franchise taxes, licenses and permits, and fines and forfeitures. Expenditures are for general government, public safety, public works and other community services. Debt Service Fund The Debt Service Fund is used to account for the payment of interest and principal on all general long-term debt of the City except for capital leases for which are accounted for in the General Fund. The primary source of revenue for the Debt Service Fund is general property taxes. Capital Improvements Fund This fund is used to account for projects that are generally small in nature and affect the general operation of the City. La Porte Redevelopment Authority Fund The La Porte Redevelopment Authority is used to account for the disposition of property taxes collected on specific parcels within the boundaries of La Porte Tax Increment Reinvestment Zone No. 1 for the exclusive benefit to pay developers for capital improvements. Draft 3-12-21 36 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) C. Fund Financial Statements (continued) The City reports the following major Enterprise Funds: The Utility Fund is used to account for operations of the water and sewer services to the residents of the City. All activities necessary to provide such services are accounted for in this fund, but not limited to administration, operations and maintenance of the water and sewer system and billing and collection activities. The fund also accounts for the accumulation of resources for, and the payment of, long-term debt principal and interest for water and sewer debt. All costs are financed through charges to utility customers with rates received regularly and adjusted if necessary to ensure integrity of the fund. La Porte Area Water Authority Fund is used to account for revenues and expenses related to obtaining raw surface water and converting it to potable water. Airport Fund is used to account for financial activities of the airport which includes rentals, grants and other revenues. Additionally, the City reports the Internal Service Funds which are used to account for the Motor Pool, Technology and Insurance service provide to other departments of the City on a cost reimbursement basis. During the course of operations the City has activity between funds for various purposes. Any residual balances outstanding at year end are reported as due from/to other funds. While these balances are reported in fund financial statements, certain eliminations are made in the preparation of the government-wide financial statements. Balances between the funds included in the governmental activities (i.e., the governmental and internal service funds) are eliminated so that only the net amount is included as internal balances in the governmental activities column. Similarly, balances between the funds included in business-type activities (i.e., the enterprise funds) are eliminated so that only the net amount is included as internal balances in the business- type activities column. Further, certain activity occurs during the year involving transfers of resources between funds. In fund financial statements these amounts are reported at gross amounts as transfer in/out. While reported in fund financial statements, certain eliminations are made in the preparation of the government-wide financial statements. Transfers between the funds included in governmental activities are eliminated so that only the net amount is included as transfers in governmental activities column. Similarly, balances between the funds included in business-type activities are eliminated so that only the net amount is included as transfers in the business-type activities column. D. Measurement Focus and Basis of Accounting The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources or economic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements. Draft 3-12-21 37 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) D. Measurement Focus and Basis of Accounting (continued) The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by the provider have been meet. The governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgements, are recorded only when payment is due. General capital asset acquisitions are reported as expenditures in governmental funds. Issuance of long-term debt are reported as other financing sources. Property taxes, sales taxes, franchise taxes, court fines, and interest associated with the current period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Entitlements are recorded as revenues when all eligibility requirements are met, including any time requirements, and the amount is received during the period or within the availability period for this revenue source (within 60 days of year-end). Expenditure-driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other eligibility requirements have been met, and the amount is received during the period of availability period for this revenue source (within 60 days of year-end). All other revenue items are considered to be measurable and available only when cash is received by the City. The proprietary funds are reported using the economic resources measurement focus and the accrual basis of accounting. E. Cash and Cash Equivalents and Investments Cash is defined as currency, demand deposits with banks and other financial institutions, and any other kind of account that has the general characteristics of demand deposits where funds may be added or withdrawn at any time without penalty or prior notice. Cash equivalents are defined as liquid investments that are both readily convertible to known amounts of cash and so near their maturity they present insignificant risk or changes in value because of changes in interest rates. Only investments with original maturities of three months or less qualify under this definition. Draft 3-12-21 38 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) E. Cash and Cash Equivalents and Investments (continued) The City reports all investments at fair-value, except for investment positions in external investment pools, such as Texas CLASS, TexPool, TexSTAR and LOGIC, which are reported at amortized cost. The Texas CLASS Board of Trustees, which is comprised of active members of the pool and elected by the participants guided by the Advisory Board, oversees the management of Texas CLASS. The State Comptroller of Public Accounts oversees TexPool. LOGIC is directed by a governing board of experienced local government officials, finance directors and treasurers and is managed by a team of industry leaders that are focused on providing professional investment services. Federated Investors is the full-service provider to the pools managing the assets providing participant services, and arranging for all custody and other functions in support of the poolÓs operations under contract with the Comptroller. TexSTAR is a local government investment pool created under the Texas Interlocal Cooperation Act. TexSTAR is overseen by a Governing Board consisting of individuals from participating government entities in the pool and a representative from each administrator. The business and affairs of TexSTAR are managed by the Board. In addition, TexSTAR has an advisory board composed of participants in TexSTAR and other persons who do not have a business relationship with TexSTAR that provide feedback to the Board. JPMorgan Investment Management, Inc. provides investment management, fund accounting, transfer agency and custodial services for the pool and First Southwest, a division of Hilltop Securities provides administrative, marketing and participant services. The portfolio is restricted to U.S. government securities, agencies and instrumentalities, and fully collateralized repurchase agreements having a defined termination date. Unlike money market mutual funds which are registered with the Security and Exchange Commission, TexSTAR does not operate in a manner consistent with the Rule 2a-7 of the Investment Company Act of 1940. TexSTAR is in full compliance with GASB 79 and reports its investments using fair value. The CityÓs local government investment pools are recorded at amortized costs as permitted by GASB Statement No. 79, Certain Investment Pools and Pool Participants. The City reports all investments, except external investment pools, at fair value based on quoted market prices at year-end date. The City categorizes fair value measurements of its investments based on the hierarchy established by generally accepted accounting principles. The fair value hierarchy, which has three levels, is based on the valuation inputs used to measure an assetÓs fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. F. Receivables All receivables are reported at their gross value and, where appropriate, are reduced by the estimated portion that is expected to be uncollectible. G. Inventory Inventories are valued at costs using the first in/first out (FIFO) method. The costs of governmental fund type inventories are recorded as expenditures when consumed rather than when purchased. A portion of the fund balance is classified as non-spendable to reflect minimum inventory quantities considered necessary for the CityÓs continuing operations. Draft 3-12-21 39 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) H. Capital Assets Capital assets are reported in the applicable governmental or business-type activities column in the government- wide financial statements. The City defines capital assets with an initial, individual cost of $5,000 or greater and an estimated useful life in excess of one year. As the City constructs or acquires capital assets each period, including infrastructure assets, they are capitalized and reported at historical cost. The reported value excludes normal maintenance and repairs which are essentially amounts spent in relation to capital assets that do not increase capacity or efficiency of the item or increase its estimated useful life. Donated capital assets are recorded at acquisition cost, which is the price that would be paid to acquire an asset with equivalent service potential at the acquisition date. Land and construction in progress are not depreciated. The remainder capital assets are depreciated using the straight-line method over the following estimated useful lives. Estimated Useful Life Asset Description Buildings20 years Building improvements20 years Infrastructure20-30 years Vehicles4-10years Machinery and equipment4-10 years Water and sewer systems10-20 years I. Compensated Absences The CityÓs employees earn vacation and sick leave, which may either be taken or accumulated, up to a certain amount, until paid upon termination or retirement. For all funds, this liability reflects amounts attributable to cumulative employee services already rendered, where the payment is probable and can be reasonably estimated. The current and long-term portion of the governmental fund type liabilities are recorded in the government-wide financial statements. A liability for those amounts is recorded in the governmental funds only if the liability has matured as a result of employee resignations or retirements. The proprietary fund type liability is recorded as a liability in the individual proprietary funds since payment will be made from the resources of these funds. Policies relating to the accrual payment of these benefits are as follows: Vacation Î Employees earn from 10-25 days of vacation per year. Upon separation, employees are paid for all accumulated vacation leave (up to one and one half times their annual accrual rate). Sick leave Î Full time 8 hour employees accrued 3.70 hours per pay period. Full time 24 hour employees accrue 5.91 hours per pay period and civil service employees accrued 15 days per calendar year. The maximum sick leave time which may be accumulated by any employee shall be 90 days for regular full time employees. For 24 hour shift personnel, the maximum accrual is 1,152 hours. Civil service employees may accrue unlimited sick leave. Draft 3-12-21 40 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) J. Net Position Flow Assumption Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted Î net position and unrestricted Î net position in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the CityÓs policy to consider restricted Î net position to have been depleted before unrestricted Î net position is applied. K. Fund Balance Flow Assumption Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the CityÓs policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last. L. Net Position Classifications Classification of net position includes three components as follows: Net investment in capital assets Î This component of net position consists of capital assets, including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, notes or other borrowings, premiums, discounts, and deferred outflows of resources or deferred inflows of resources from a refunding. Restricted Î This component of the net position consists of constraints placed on net asset use through external constraints imposed by creditors, grantors, contributors, or laws or regulations of other governments or constraints imposed by law through contractual provisions or enabling legislation. Unrestricted net position Î This component of net position consists of net position that does not meet the definition of ÐrestrictedÑ or Ðnet investment in capital assets.Ñ Draft 3-12-21 41 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) M. Fund Balance Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The City itself can establish limitations on the use of resources through either comment (committed fund balance) or an assignment (assigned fund balance). The committed fund balance classification includes amounts that can be used only for specific purposes determined by a formal action of the City Council, highest level of decision-making-authority. The City Council is the highest level of decision-making- authority for the City that can, by adoption of a resolution prior to the end of the fiscal year, commit fund balance. Once, adopted, the limitation imposed by the resolution remains in place until a similar action is taken (the adoption of another resolution) to remove or revise the limitation. Amount in the assigned fund balance classification are intended to be used by the City for specific purposes, but do not meet the criteria to be classified as committed. The City Council has by resolution authorized the City Manager under the authorization of the Fiscal Affairs Committee to assign fund balance. The City Council may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenues and appropriations in the subsequent yearÓs appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above, an additional action is essential to either remove or revise a commitment. The City strives to maintain a minimum reserve balance of 90 to 120 days for the General Fund and Utility Fund, and 60 to 90 days of operating expenditures in all other funds as outlined in the CityÓs Financial Management Policies as adopted by City Council by resolution. N. Program Revenues Amounts reported as program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. All taxes, including those dedicated for specific purposes, and other internally dedicated resources are reported as general revenues rather than program revenues. O. General and Debt Service Property Taxes All taxes due to the City on real or personal property are payable at the Office of the City Assessor-Collector and may be paid at any time after the tax rolls for the year have been completed and approved, which is October 1, or as soon thereafter as practicable. Taxes are due upon receipt and all taxes not paid prior to February 1 are deemed delinquent and are subject to such penalty and interest set forth by the Property Tax Code. All property located within the City limits on the first day of January of each year are charged with a special lien in favor of the City from such date for taxes due thereon. The ad valorem tax rate is allocated each year between the General Fund and the Debt Service Fund. The full amount estimated to be required for debt service on the general obligation debt is provided by the debt service tax together with interest earned in the Debt Service Fund. Draft 3-12-21 42 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) P. Industrial Payments A significant portion of the CityÓs revenue is derived from separate contractual agreements with each industrial company that lies within the CityÓs extraterritorial jurisdiction (known as the Ðindustrial districtÑ). These companies have agreed to pay an amount Ðin-lieu of taxesÑ in the un-annexed area within the CityÓs extraterritorial jurisdiction. In the current contracts, the entities agree to pay the City a percentage of what the ad valorem taxes would have been had the entities land, improvements, and inventory been within the corporate limits of the City. Q. Proprietary Funds Operating and Non-operating Revenues and Expenses Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with the proprietary fundÓs principal ongoing operations. The principal operating revenues of the enterprise funds are charges to customers for sales and services. Operating expenses for the enterprise funds and internal service fund include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues not meeting this definition are reported as non-operating revenues and expenses. R. Budgetary Information Annual budgets are adopted on a basis consistent with GAAP. Annual appropriated budgets are adopted for the general, special revenue funds and debt service funds. All annual appropriations lapse at fiscal year-end. Project length financial plans are adopted for all capital projects funds and are revised annually. S. Deferred Outflows/Inflows of Resources Deferred outflows and inflows of resources are reported in the financial position as described below: A deferred outflow of resources is a consumption of a government's net position (a decrease in assets in excess of any related decrease in liabilities or an increase in liabilities in excess of any related increase in assets) by the government that is applicable to a future reporting period. The City has three items that qualify for reporting in this category: Deferred outflows or resources for refunding - Reported in the government-wide statement of net position, this deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. Draft 3-12-21 43 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) S. Deferred Outflows/Inflows of Resources (continued) Deferred outflows of resources for pension Î Reported in the government-wide financial statement of net position, this deferred outflow results from pension plan contributions made after the measurement date of the net pension liability and the results 1) differences between projected and actual earnings on pension plan investments; 2) changes in actuarial assumptions; 3) differences between expected and actual actuarial experiences and 4) changes in the CityÓs proportional share of pension liabilities. The deferred outflows of resources related to pensions resulting from CityÓs contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the next fiscal year. The deferred outflows resulting from differences between projected and actual earnings on pension plan investments will be amortized over a closed five year period. The remaining pension related deferred outflows will be amortized over the expected remaining service lives of all employees (active and inactive employees) that are provided with pensions through the pension plan. Deferred outflows of resources for other post-employment benefits (OPEB) other than pension Î Reported in the government wide financial statement of net position, this deferred outflow results from OPEB plan contributions made after the measurement date of the net OPEB liability and the results of 1) differences between projected and actual earnings on OPEB plan investments; 2) changes in actuarial assumptions; 3) differences between expected and actual actuarial experiences and 4) changes in the CityÓs proportional share of OPEB liabilities. The deferred outflows of resources related to OPEB resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the next fiscal year. The deferred outflows resulting from differences between projected and actual earnings on OPEB investments will be amortized over a closed five year period. The remaining postemployment related deferred outflows will be amortized over the expected remaining service lives of all employees (active and inactive employees) that are provided with OPEB through the OPEB plan. A deferred inflow of resources is an acquisition of a government's net positions (an increase in assets in excess of any related increase in liabilities or a decrease in liabilities in excess of any related decrease in assets) by the government that is applicable to a future reporting period. The City has three items that qualify for reporting in this category: Deferred inflows of resources for unavailable revenues - Reported only in the governmental funds balance sheet, unavailable revenues from property taxes arise under the modified accrual bases of accounting. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. Deferred inflows of resources for pension Î reported in the government-wide financial statement of net position, these deferred inflows result primarily from 1) changes in actuarial assumptions; 2) differences between expected and actual actuarial experiences and 3) changes in the CityÓs proportional share of pension liabilities These pension related deferred inflows will be amortized over the expected remaining service lives of all employees (active and inactive employees) that are provided with pensions through the pension plan. Draft 3-12-21 44 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) S. Deferred Outflows/Inflows of Resources (continued) Deferred inflows of resources for OPEB Î Reported in the government wide financial statement of net position, this deferred inflow results primarily from 1) changes in actuarial assumptions; and 2) differences between expected and actual actuarial experiences. These OPEB related deferred inflows will be amortized over the expected remaining service lives of all employees (active and inactive employees) that are provided with OPEB through the OPEB plan. T. Pensions For purposes of measuring the net pension liability for the Texas Municipal Retirement System (TMRS), pension related deferred outflows and inflows of resources, and pension expense, City specific information about its Fiduciary Net Position in the TMRS and additions to/deductions from the CityÓs Fiduciary Net Position have been determined on the same basis as they are reported by TMRS. For this purpose, plan contributions are recognized in the period that compensation is reported for the employee, which is when contributions are legally due. Benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. For purposes of measuring the net pension liability for the Texas Emergency Services Retirement System (TESRS), pension related deferred outflows and inflows of resources, and pension expense, City specific information about its Fiduciary Net Position in the TESRS and additions to/deductions from the CityÓs Fiduciary Net Position have been determined on the same basis as they are reported by TESRS. For this purpose, plan contributions are recognized in the period that compensation is reported for the employee, which is when contributions are legally due. Benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. U. Post-employment Healthcare Benefits The City participates in a defined benefit group-term life insurance plan, both for current and retired employees, administered by the Texas Municipal Retirement System (TMRS). The City reports the total liability for this plan on the government-wide and proprietary fund financial statements. The City administers other post-employment benefits (ÐOPEBÑ) through a defined benefit medical plan to provide coverage for eligible retirees and their dependents. Information regarding the CityÓs total OPEB liability is obtained from TMRS through a report prepared for the City by TMRSÓ consulting actuary, Gabriel Roeder Smith & Company, in compliance with GASB Statement No. 75. V. Use of Estimates The preparation of financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenditures, and expenses during the reporting period. Actual results could differ from those estimates. Draft 3-12-21 45 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 1 Î Summary of Significant Accounting Policies (continued) W. Implementation of New Standards The following standards have been issued, but have not been implemented as not yet effective. GASB Statement No. 84, Fiduciary Activities. This Statement establishes standards of accounting and financial reporting for fiduciary activities. GASB Statement No. 87, Leases. This Statement establishes standards of accounting and financial reporting for leases by lessees and lessors. GASB Statement No. 89, Accounting for Interest Cost Incurred before the End of a Construction Period. This Statement establishes accounting requirements for interest cost incurred before the end of a construction period. Note 2 Î Deposits and Investments The Texas Public Funds Investment Act (PFIA), as prescribed in Chapter 2256 of the Texas Government Code, regulates deposits and investment transactions of the City. In accordance with applicable statues, the City has a depository contract with an area bank (depository) providing for interest rates to be earned on deposited funds and for banking charges the City incurs for banking services received. The City may place funds with the depository in interest and non-interest bearing accounts. State law provides that collateral pledged as security for bank deposits must have a market value of not less than the amount of the deposits and must consist of: (1)obligations of the United States or its agencies and instrumentalities; (2) direct obligations of the State of Texas or its agencies; (3) other obligations, the principal and interest on which are unconditionally guaranteed or insured by the State of Texas; and/or (4) obligations of states, agencies, counties, cities, and other political subdivisions of any state having been rated as investment quality by a nationally recognized investment rating firm and having received a rating of not less than A or its equivalent. City policy requires the collateralization level to be at least 102% of market value of principal and accrued interest. The Council has adopted a written investment policy regarding the investment of City funds as required by the Public Funds Investment Act (Chapter 2256, Texas Government Code). The investments of the City are in compliance with the CityÓs investment policy. The CityÓs investment policy is more restrictive than the PFIA requires. It is the CityÓs policy to restrict its direct investments to obligations of the U.S. Government or U.S. Government Agencies, fully collateralized certificates of deposit, bankersÓ acceptances, mutual funds, repurchase agreements and local government investment pools. The maximum maturity allowed is five years from date of purchase. The CityÓs investment policy does not allow investments in collateralized mortgage obligations, floating rate investments or swaps. Draft 3-12-21 46 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 2 Î Deposits and Investments (continued) Cash, Cash Equivalents and Investments Cash and cash equivalents are considered to be cash on hand, demand deposits with banks and other financial institutions, and any other kind of account that has the general characteristics of demand deposits where funds may be added or withdrawn at any time without penalty or prior notice. Cash equivalents are defined as liquid investments that are both readily convertible to known amounts of cash and so near their maturity they present insignificant risk or changes in value because of changes in interest rates. This includes balances in privately managed public funds investment pools (ÐTexPoolÑ ÐTexas CLASSÑ, ÐTexSTARÑ and ÐLOGICÑ). Only investments with original maturities of three months or less qualify under this definition. The CityÓs local government investment pools are recorded at amortized costs as permitted by GASB Statement No. 79, Certain Investment Pools and Pool Participants. Investments consist of United States (U.S.) Government and Agency Securities. The City reports all investments at fair value based on quoted market prices at year end date. The City reports all investments, except external investment pools, at fair value, a level 2 valuation . The City categorizes fair value measurements of its investments based on the hierarchy established by generally accepted accounting principles. The fair value hierarchy, which has three levels, is based on the valuation inputs used to measure an assetÓs fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. The following schedule shows the CityÓs recorded cash and equivalents at year-end: Internal Governmental Service Enterprise FundFundsFundsFundsTotal Cash deposits25,590,197$ 276,160$ 1,208,622$ 27,074,979$ Investment pools90,629,69511,301,66114,473,108116,404,464 Total cash and equivalents116,219,892$ $ 11,577,821$ 15,681,730$ 143,479,443 Draft 3-12-21 47 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 2 Î Deposits and Investments (continued) Cash and Cash Equivalents (continued) At September 30, 2020, the carrying amount of deposits was $27,074,979 and the respective bank balances were $27,980,988 . The CityÓs bank balances were fully insured or collateralized with securities held by the CityÓs agent in the CityÓs name. Investments The City reported the following investments at September 30, 2020: Internal Governmental Service Enterprise FundFundsFundsFundsTotal U.S. Government Securities1,544,212$ $ 200,539$ 256,814$ 2,001,565 The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs. The City has the following recurring fair value measurements as of September 30, 2020: U.S. Government Securities (FHLB) of $2,001,565 were valued using a documented trade history in exact security pricing model (Level 2 inputs). Concentration on Credit Risk The policy does not require investments to be staggered in a way that protects interest income from the volatility of interest rates. The policy has not established limitations on percentages of the total portfolio that may be invested in securities other than the repurchase agreements, Treasury bills and notes or insured and collateralized Certificates of Deposits. Draft 3-12-21 48 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 2 Î Deposits and Investments (continued) Investment Rate Risk At year-end, the City had the following investments subject to interest rate risk disclosure, under U.S. GAAP, by investment type: Weighted Average Percentage of WAM Fair ValueMaturity (Days)PortfolioCalculation U.S. Government Securities Federal Farm Credit Banks2,001,565$ 5462%9 Total U.S. Government Securities2,001,565 Local Government Investment Pools: TexPool37,853,950 3832%12 TexSTAR48,543,523 3941%16 Texas CLASS29,977,824 5625%14 Logic29,167 540%- Total Local Government Investment Pools116,404,464 18751 Total118,406,029$ The CityÓs investment policy specifies the maximum stated maturity from the date of purchase for any individual investments may not exceed 5 years and the maximum dollar weighted average maturity for the pooled fund group (investment portfolio) may not exceed 2 years. Credit Risk The primary objective of the CityÓs adopted Investment Policy is the safety of principal. Credit risk within the CityÓs portfolio among authorized investments approved by the CityÓs adopted Investment Policy is represented in U.S. Treasury Bills, Notes or Bonds, and other securities which are guaranteed as to principal and interest by the full faith and credit of the United States of America, collateralized or fully insured certificates of deposits, FDIC insured banks in the State of Texas, repurchase agreements if secured by U.S. Treasury Bills, Notes or Bonds and Public Funds Investment Pools. All of the CityÓs purchased investments in U.S. Government Securities were rated AA+ and AAAm by Standard & PoorÓs and MoodyÓs respectively. Draft 3-12-21 49 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 3 Î Property Taxes The appraisal of property within the City is the responsibility of the Harris County Appraisal District (the ÐAppraisal DistrictÑ). The Appraisal District is required under the Property Tax Code to appraise all property within the county on the basis of 100% of its market value. The value of real property within the Appraisal District must be reviewed every five years; however, the City may, at its own expense, require annual reviews of appraised values. The City may challenge appraised values established by the Appraisal District through various appeals and, if necessary, take legal action. Under this legislation, the City continues to set tax rates on City property. However, if the adopted tax rate, excluding tax rates for repayment of general obligation bonds and other contractual obligations, adjustment for new improvements, exceeds the effective tax rate and the rollback rate tax rate, qualified voters of the City may petition for an election to determine whether to limit the tax rate to no more than the rollback tax rate. The CityÓs property taxes are levied annually in October on the basis of the Appraisal DistrictÓs assessed values as of January 1 of that calendar year. Appraised values are established by the Appraisal District at market value, assessed at 100% of appraised value and certified by the Harris County Appraisal District Board of Review. The City property taxes are billed and collected by the CityÓs Tax Assessor/Collector. Such taxes are applicable to the fiscal year in which they are levied and become delinquent with an enforceable lien on property on February 1 of the current calendar year. The City is permitted, by Article XI, Section 5, of the State of Texas Constitution and the City Charter, to levy property taxes up to $2.50 per $100 of assessed valuation for general governmental services. Within the $2.50 maximum levy, there is no legal limit upon the amount of property taxes, which can be levied for debt service. The property tax rates to finance general governmental services and debt service for fiscal year 2020 were $0.605 and $0.105, respectively, per $100 of assessed valuation. The 2019 assessed value and total tax levy as adjusted through September 30, 2020 were $3,835,353,951 and $26,752,700, respectively. The City has enacted an ordinance providing for exemption of twenty percent (20%) of the assessed value of residential homesteads plus an additional $60,000 for persons 65 years of age or older for property taxes. An exemption of $60,000 is allowed for disabled persons on homesteads and up to $12,000 is allowed for disable veterans on any one piece of property. Additionally, the market value of agricultural land is reduced to agricultural value for purposes of the CityÓs tax levy calculation. Property taxes are levied by October 1 in conformity with Subtitle E, Texas Property Tax Code. Taxes are due on receipt of the tax bill and are delinquent if not paid before February 1 of the year following the year in which imposed. On January 1 of each year, a tax lien attaches to property to secure the payment of all taxes, penalties, and interest ultimately imposed. The Harris County Central Appraisal District (ÐHCCADÑ) establishes appraised values. Taxes are levied by the City Council based on the appraised values and operating needs of the City. Tax Increment Reinvestment Zone Î Property Taxes The City, La Porte Independent School District and Harris County are participating taxing entities within the tax increment reinvestment zone. The amount of a participantÓs tax increment for a year is the amount of property taxes levied and collected by a participant for that year on the captured appraised value of real property taxable by the participant and located in the zone. The captured appraised value of real property taxable by the participant and located in the zone for that year less the tax increment base, which is the total appraised value of all real property taxable by the participant and located in the zone on January 1 of the year in which the zone was designed as such under the tax increment financing act (the ÐTIF ActÑ). Draft 3-12-21 50 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 3 Î Property Taxes (continued) Tax Increment Reinvestment Zone Î Property Taxes (continued) Each participant is required to collect taxes on property located within the zone in the same manner as other taxes are collected. The participant is required to pay into the tax increment fund the collected tax increments by the first day of each calendar quarter or pursuant to the terms of the participation set forth in their respective inter-local agreements. Note 4 Î Receivables Amounts are aggregated into a single accounts receivable (net of allowance for uncollectible) line for certain funds and aggregated columns. Below is the detail of receivables for the General Fund, Debt Service Fund, Capital Improvements Fund, TIRZ and nonmajor governmental funds in the aggregate, including the applicable allowances for uncollectible accounts. Debt Capital Service Improvements Nonmajor Total General FundFund FundGovernmentalGovernmental Receivables Taxes$ 2,858,402$ 203,711$ 1,214,622-$ $ 4,276,735 Municipal court 468,562 - - - 468,562 Other 178,933 - - 35,429 214,362 Mowing & demolition 644,080 - - - 644,080 EMS 1,065,753 - - 1,065,753- Interest 29 - 6 6 41 Solid waste 258,262 - - - 258,262 Due from other governments - - 1,881,354- 1,881,354 Less: Allowance for uncollectible (912,733) (84,884) - (997,617)- Net Receivables.$ 4,561,288$ 118,827$ 3,131,4116$ $ 7,811,532 Revenues of the Utility Fund, an enterprise fund, are reported net of uncollectible amounts. Total uncollectible amount related to utility sales as of year-end was $134,797 Draft 3-12-21 51 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 5 Î Capital Assets Capital assets activity for the year ended September 30, 2020, was as follows: Balance Additions Retirements Balance September 30, 2019(Increases) and Transfers September 30, 2020 Governmental activities: Capital assets, not being depreciated Land10,326,295$ -$ -$ 10,326,295$ Construction in progress2,473,6251,802,680 (341,316) 3,934,989 Total capital assets, not being depreciated12,799,920 1,802,680 (341,316) 14,261,284 Capital assets being depreciated: Buildings and Improvements38,363,490 7,251 - 38,370,741 Improvements other than buildings35,918,132 456,842 (10,000) 36,364,974 Infrastructure57,916,546 1,822,092 - 59,738,638 Machinery and equipment25,166,397 1,374,094 (708,567) 25,831,924 Total capital assets being depreciated157,364,565 3,660,279 (718,567) 160,306,277 Less accumulated depreciation for: Buildings and Improvements(26,083,229) (1,402,644) - (27,485,873) Improvements other than buildings(16,607,325) (1,729,437) - (18,336,762) Infrastructure(33,579,647) (1,657,818) - (35,237,465) Machinery and equipment(16,087,440) (2,056,637) 722,210 (17,421,867) Total accumulated depreciation(92,357,641) (6,846,536) 722,210 (98,481,967) Total capital assets being depreciated, net65,006,924 (3,186,257) 3,643 61,824,310 Governmental activities capital assets, net77,806,844$ (1,383,577)$ (337,673)$ 76,085,594$ Business-type activities: Capital assets, not being depreciated Land447,791$ -$ -$ 447,791$ Construction in progress3,081,3122,047,574 (159,050) 4,969,836 Total capital assets, not being depreciated:3,529,103 2,047,574 (159,050) 5,417,627 Business-type assets, being depreciated Buildings and Improvements 156,649 - - 156,649 Improvements other than buildings 91,752,910 880,300 368,244 93,001,454 Machinery and equipment 4,132,882 14,825 - 4,147,707 Total capital assets being depreciated 96,042,441 895,125 368,244 97,305,810 Less accumulated depreciation for: Buildings and Improvements (2,496,234) (5,656) - (2,501,890) Improvements other than buildings (63,533,828) (2,210,670) 22,324 (65,722,174) Machinery and equipment (1,805,989) (111,049) - (1,917,038) Total accumulated depreciation (67,836,051) (2,327,375) 22,324 (70,141,102) Total capital assets being depreciated, net 28,206,390 (1,432,250) 390,568 27,164,708 Business Type activities capital assets, net$ 31,735,493$ 615,324$ 231,518$ 32,582,335 Draft 3-12-21 52 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 5 Î Capital Assets (continued) Depreciation was charged to functions/programs of the governmental activities of the primary government as follows: Governmental Activities: General government994,735$ Public Safety1,118,349 Public works1,600,127 Parks and recreation1,280,448 Capital assets held by the City's internal service funds are charged to various functions based on their usage of the assets1,852,877 Total Governmental Activities6,846,536$ Depreciation expense of $2,327,375 was charged to the Utility fund. Construction contract commitments outstanding as of September 30, 2020, are as follows: Remaining Total in ProgressCommitment FundProjects Capital Improvements FundStreet and Drainage Improvements$ 1,622,363$ 312,218 Land Improvements 371,348 105,638 Park Improvements 1,525,758 29,375 Building Improvements 239,565 45,206 Safety Upgrades 175,955 - Utility FundWater Meter Replacement Program 1,660,842 - Water System Improvements 3,080,643 656,681 Aerial Crossings 72,202 - Airport FundRunway Improvements 156,149 10,462 $ 8,904,825$ 1,159,580 Draft 3-12-21 53 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 6 Î Long-Term Debt and Other Long-Term Obligations The City issues a variety of long-term debt instruments in order to acquire and/or construct major capital facilities and equipment for governmental and business-type activities. These instruments include general obligation bonds, certificates of obligation and revenue bonds. Future ad valorem tax revenues, water and sewer system revenues or liens on property and equipment secure these debt obligations. The schedule below details the terms of public property finance contractual obligation, general obligation bonds, certificates of obligations and revenue bonds outstanding as of September 30, 2020: Governmental Activities 2012 General Obligation Refunding Bonds due in annual payments through March 15, 2025; interest at .65% to 3.00% $9,435,000 issued to refund previous debt.7,085,000$ 2014 General obligation Refunding Bonds due in annual payments through March15, 2025; interest at 2.00% to 3.50% $9,300,000 issued to refunding previous debt. 4,410,000 2015 Certificates of Obligation due in annual installments through March 15, 2030; interest at 2.25% to 3.00% $7,770,000 issued for water and sewer system improvements, and street and drainage improvements. 5,970,000 2016 General Obligation Refunding Bonds due in annual payments through March 15, 2029; interest at 2.00% to 4.00% $3,165,000 issued to refund previous debt. 2,465,000 2017 Certificates of Obligation due in annual payments through March 15, 2037; interest at 0.14% to 1.82% $10,635,000 issued for construction of wastewater system.9,215,000 2020 General Obligation Refunding Bonds due in annual payments through March 15, 2026; interest at 3.0% to 5.0% $2,705,000 issued to refund previous debt.2,690,000 Total Bonds and Certificates of Obligation Payable $ 31,835,000 Draft 3-12-21 54 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 6 Î Long-Term Debt and Other Long-Term Obligations (continued) Changes in the CityÓs long-term liabilities for the year ended September 30, 2020 are as follows: BalanceBalanceAmounts September 30September 30Due Within 2019 AdditionsReductions2020One Year Governmental Activities: Bonds payable: General Obligation Bonds$ 16,425,000$ 2,705,000 (2,480,000)$ 16,650,000$ 2,675,000 Certificates of Obligation19,405,000 (4,220,000)- 15,185,000 885,000 Premium on bond issuance1,068,378352,246 (230,152) 1,190,472 - Total bonds payable 36,898,378 3,057,246 (6,930,152) 33,025,472 3,560,000 Due to developers2,624,6612,369,746 - 4,994,407 - Compensated absences3,214,517297,967 (23,023) 3,489,461 174,473 Total Governmental Activities$ 42,737,556$ 5,724,959$ (6,953,175)$ 41,509,340$ 3,734,473 Business-type Activities: Compensated absences$ 129,050$ 34,102$ -$ 163,152$ 8,158 Total Business-type Activities$ 129,050$ 34,102$ -$ 163,152$ 8,158 Long- term liabilities applicable to the CityÓs governmental activities are not due and payable in the current period and, accordingly, are not reported as fund liabilities in the governmental funds. Compensated absences generally are paid by the General Fund for the governmental activities. General Obligation Bonds and Certificates of Obligation General Obligation Bonds are direct obligations issued on a pledge of the general taxing power for the payment of the debt obligations of the City. General Obligations bonds and Certificates of Obligation require the City to compute, at the time other taxes are levied, the rate of tax required to provide (in each years bonds are outstanding) a fund to pay interest and principal maturity. The City is in compliance with this requirement. Governmental Activities FiscalGeneral Obligation BondsCertificate of Obligation Year PrincipalInterestPrincipalInterest 20212,675,000$ $526,450885,000$ $277,328 20222,755,000 440,875 895,000 263,653 2023 2,830,000 352,825 915,000 248,787 2024 2,915,000 257,400 925,000 232,752 2025 2,965,000 156,000 945,000 215,587 2026 - 20302,510,000 177,500 6,565,000 721,601 2031 - 2035 - - 2,845,000 230,708 2036 - 2038 - - 1,210,000 2 2,023 $ 16,650,000$ 1,911,050$15,185,000$2,212,439 Draft 3-12-21 55 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 6 Î Long-Term Debt and Other Long-Term Obligations (continued) Current Year Refunding of Debt On February 18, 2020, the City issued $2,705,000 in General Obligation Refunding Bonds, Series 2020. The refunding bonds have a rate of 3.625% to 4.000% and were issued to refund the Series 2010 Certificates of Obligation with rates ranging from 3.625% to 4.000%. The proceeds were deposited in an irrevocable trust with an escrow agent to provide for future debt service payments on the outstanding bonds. As a result, $2,925,000 are considered to be defeased and the liability for these bonds have been removed from the long-term debt of the City. The refunding reduced the CityÓs total debt service by $221,579 for an economic gain of $214,493. The deferred gain on refunding of $15,037 is being amortized over the life of the bond. Prior Year Refunding of Debt The City defeased certain outstanding revenue bonds by placing proceeds of new bonds in irrevocable trust to provide for all future debt service payments. Accordingly, the respective trust accounts and liability for the defeased bond are not included in the CityÓs financial statements. As of September 30, 2020, the City does not have bonds considered defeased and outstanding. Note 7 Î Interfund Receivables, Payables and Transfers The composition of interfund transfers for the year are as follows: Transfers To Capital Debt Improvement Internal ServiceFundService Transfers FromGeneralTotals General Fund$ -$ 5,500,000-$ $ 2,619,445$ 8,119,445 Other Governmental 57,476 1,004,822 1,292,950 2,355,248- Utility 251,842- 74,201- 326,043 Airport - - - 830 830 Internal Service - - - 20,585 20,585 Totals$ 57,476$ 1 ,256,664$ 6,792,950$ 2,715,061$ 10,822,151 The purpose of interfund transfers during the current year consisted of the following: Purpose Transfers FromTransfers To Hotel/Motel FundGeneral FundTransfer for Golf Course Advertising Expenditures and City Bordering Bay for Golf Course Expenditures dUtility FundTransfer to fund Capital Projects General Fun Utility FundDebt Service FundAnnual Transfer for Debt Service La Porte Development Corporation (4B)Debt Service FundAnnual Transfer for Debt Service General FundInsurance FundTransfer for Liability Insurance and Worker's Compensation + $2 million for Health Insurance Utility FundInsurance FundTransfer for Liability Insurance and Worker's Compensation Airport FundInsurance FundTransfer for Liability Insurance and Worker's Compensation Vehicle Maintenance FundInsurance FundTransfer for Liability Insurance and Worker's Compensation General FundGeneral CIP FundTransfer to fund Capital Projects La Porte Development Corporation (4B)General CIP FundTransfer to fund Capital Projects Utility FundSanitary Sewer Rehabilitation FundAnnual Transfer for Sewer Rehabilitation/Maintenance Projects Draft 3-12-21 56 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans Texas Municipal Retirement System Plan Description and Provisions The City participates as one of 888 plans in the nontraditional, joint contributory, hybrid defined benefit pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement system for municipal employees in the State of Texas. The TMRS Act places the general administration and management of the System with a six-member Board of Trustees. Although the Governor, with the advice and consent of the Senate, appoints the Board, TMRS is not fiscally dependent on the State of Texas. TMRSÓs defined benefit pension plan is a tax-qualified plan under Section 401 (a) of the Internal Revenue Code. TMRS issues a publicly available comprehensive annual financial report (CAFR) that can be obtained at www.tmrs.com. All eligible employees of the City are required to participate in TMRS. TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the governing body of the City, within the options available in the state statutes governing TMRS. At retirement, the benefit is calculated as if the sum of the employeeÓs contributions, with interest, and the city- financed monetary credits with interest were used to purchase an annuity. Members may choose to receive their retirement benefit in one of seven actuarially equivalent payments options. Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12, 24, or 36 monthly payments, which cannot exceed 75% of the memberÓs deposits and interest. The City has approved an annually repeating (automatic) basis a monetary credit referred to as an updated service credit (USC) which is a theoretical amount which takes into account salary increases or plan improvements. If at any time during their career an employee earns a USC, this amount remains in their account earning interest at 5% until retirement. At retirement, the benefit is calculated as if the sum of the employee's accumulated contributions with interest and the employer match plus employer-financed monetary credits, such as USC, with interest were used to purchase an annuity. Additionally, City provides on an annually repeating (automatic) basis cost of living adjustments (COLA) for retirees equal to a percentage of the change in the consumer price index (CPI). A summary of plan provisions for the City are as follows: Employee deposit rate: 7% Matching ratio (City to employee): 2 to 1 Years required for vesting: 10 Service retirement eligibility: 20 years at any age, 10 years at age 60 and above Updated Service Credit: 100% Repeating Transfers Annuity Increase to retirees: 70% of CPI Repeating Supplemental death benefit Î active employees and retirees Yes Draft 3-12-21 57 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Municipal Retirement System (continued) Benefits Provided At the December 31, 2019 valuation and measurement date, the following employees were covered by the benefit terms: Inactive employees or beneficiaries currently receiving benefits 236 Inactive employees entitled to but not yet receiving benefits 195 Active employees 373 Total 804 Contributions The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, and the City matching percentages are either 100%, 150%, or 200%, both as adopted by the governing body of the City. Under the State law governing TMRS, the contribution rate for each City is determined annually by the consulting actuary, using the Entry Age Normal (EAN) actuarial cost method. The actuarially determined rate is the estimated amount necessary to finance the cost of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Employees for the City were required to contribute 7% of their annual gross earnings during the fiscal year. The contribution rates for the City were 15.38% and 15.53% in calendar years 2020 and 2019, respectively. The City opted to continue to contribute 16.11% (2018 rate) during the year ended September 30, 2020 in order to reduce the liability. Net Pension Liability The CityÓs net pension liability was measured as of December 31, 2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. Actuarial Assumptions The total pension liability in the December 31, 2019 actuarial valuation was determined using the following actuarial assumptions: Inflation: 2.50% Overall payroll growth: 3.5% to 11.50% including inflation Investment Rate of Return: 6.75%, net of pension plan investment expense, including inflation Salary increases are assumed to occur once a year on January 1 so that the pay used for the period year following the valuation is equal to the reported pay for the prior year. Salaries are assumed to increase on a graduated service-based scale. Draft 3-12-21 58 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Municipal Retirement System (continued) Actuarial Assumptions (continued) Actuarial assumptions were developed primarily from the actuarial investigation of the experience of TMRS over the four year period from December 31, 2014 to December 31, 2018. They were adopted in 2019 and first used in the December 31, 2019 actuarial valuation. The post-retirement mortality assumption for annuity purchase rates is based on the Mortality Experience Investigation Study covering 2009 through 2011 and dated December 31, 2013. Plan assets are managed on a total return basis with an emphasis on both capital appreciation as well as the production of income, in order to satisfy the short-term and long-term funding needs of TMRS. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. In determining their best estimate of a recommended investment return assumption under the various alternative asset allocation portfolios, GRS focused on the area between (1) arithmetic mean (aggressive) without an adjustment for time (conservative) and (2) the geometric mean (conservative) with an adjustment for time (aggressive). The target allocation and best estimates of real rates of return for each major asset class in fiscal year 2020 are summarized in the table below: Long-Term Expected Real Rate of Return (Arithmetic) Asset ClassTarget Allocation Domestic Equity 17.5%4.30% International Core Equity17.5%6.10% Core Fixed Income10.0%1.00% Non-Core Fixed Income20.0%3.39% Real Return10.0%3.78% Real Estate 10.0%4.44% Absolute Return10.0%3.56% Pivate Equity5.0%7.75% Total100.0% Discount Rate The discount rate used to measure the total pension liability was 6.75%. The projection of cash flows used to determine the discount rate assumed that employee and employer contributions will be made at the rates specified in statute. Based on that assumption, the pension planÓs fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Draft 3-12-21 59 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Municipal Retirement System (continued) Changes in the Net Pension Liability Increase (Decrease) Total Pension Plan Fiduciary Net Pension LiabilityNet PositionLiability (a)(b)(a) - (b) Balance at 12/31/2018164,510,337$ 140,872,830$ 23,637,507$ Changes for the year: Service cost3,890,913 - 3,890,913 Interest10,969,460 - 10,969,460 Difference between expected and actual experience412,341 - 412,341 Changes in assumptions611,170 - 611,170 Contributions - employer- 3,850,439 (3,850,439) Contributions - employee- 1,672,997 (1,672,997) Net investment income- 21,775,702 (21,775,702) Benefit payments, including refunds, of employee contributions(7,890,546) (7,890,546) - Administrative expense- (123,059) 123,059 Other charges- (3,697) 3,697 Net changes7,993,338 19,281,836 (11,288,498) Balance at 12/31/2019172,503,675$ 160,154,666$ 12,349,009$ Sensitivity of the Net Pension Liability The following presents the net pension liability of the City, calculated using the discount rate of 6.75%, as well as what the CityÓs net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.75%) or 1-percentage-point higher (7.75%) than the current rate: Current Single Rate 1% Decrease to Assumption 1% Increase to 5.75%6.75%7.75% City's net pension liability37,026,659$ $ 12,349,009$ (7,849,401) Pension Plan Fiduciary Net Position Detailed information about the pension planÓs fiduciary net position is available in a separately-issued TMRS financial report. That report may be obtained on the Internet at the following location: https://www.tmrs.com/down/pubs/CAFR_2019/CAFR_2019.pdf. Draft 3-12-21 60 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Municipal Retirement System (continued) Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions For the year ended September 30, 2020, the City recognized pension expense of $3,669,613 related to the TMRS plan and pension expense of $62,063 related to the TESRS plan for total pension expense of $3,731,676. At September 30, 2020, the City reported deferred outflows and inflows of resources related to pensions from the following sources: Deferred Outflows of Deferred Inflows Resourcesof Resources Differences between actuarial assumptions and actual experience315,547$ 1,034,454$ Changes in actuarial assumptions used 467,703 - Differences between projected and actual investment earnings - 4,951,714 Contributions subsequent to the measurement date 3,024,648 - Total$ 3,807,898$ 5,986,168 Deferred outflows of resources resulting from contributions subsequent to the measurement date of $3,024,648 will be recognized as a reduction of the net pension liability for the fiscal year ending September 30, 2021. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: Net deferred outflows Fiscal Year(inflows) of resources 2021(1,666,608)$ 2022(1,618,788) 2023473,369 2024(2,390,891) Total(5,202,918)$ Texas Emergency Services Retirement System Plan Description The City participates in the Texas Emergency Services Retirement System (TESRS), a cost-sharing multiple- employer defined benefit pension established and administered by the State of Texas. The TESRS is an agency of the State of Texas and its financial records comply with state statutes and regulations. The nine members Board of Trustees, appointed by the Governor, establishes policy for the administration of the Texas Emergency Services Retirement System. TESRS issues a publicly available comprehensive annual financial report (CAFR) that can be obtained at www.tesrs.org. Draft 3-12-21 61 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Emergency Services Retirement System (continued) Plan Description (continued) The TESRS was created as a standalone agency by the 83rd Legislature via the passage of SB 220, effective September 1, 2013, to assume the related functions of the abolished Office of the Fire FightersÓ Pension Commissioner. While the agency is new, the System has been in existence since 1977. TESRS, which is under the authority of Title 8, Subtitle H, Chapters 861-865 of the Texas Government Code, provides death and disability benefits to active volunteer fire fighters and first responders, and a pension to members with vested service, as well as to their survivor/beneficiaries. Benefits Provided Senate Bill 411, 65th Legislature, Regular Session (1977), created TESRS and established the applicable benefit provisions. The 79th Legislature, Regular Session (2005), re-codified the provisions and gave the TESRS Board of Trustees authority to establish vesting requirements, contribution levels, benefit formulas, and eligibility requirements by board rule. The benefit provisions include retirement benefits as well as death and disability benefits. Members are 50% vested after the tenth year of service, with the vesting percent increasing 10% for each of the next five years of service so that a member becomes 100% vested with 15 years of service. Upon reaching age 55, each vested member may retire and receive a monthly pension equal to his vested percent multiplied by six times the CityÓs average monthly contribution over the memberÓs years of qualified service. For years of service in excess of 15 years, this monthly benefit is increased at the rate of 6.2% compounded annually. There is no provision for automatic postretirement benefit increases. On and off-duty death benefits and on-duty disability benefits are dependent on whether or not the member was engaged in the performance of duties at the time of death or disability. Death benefits include a lump sum amount or continuing monthly payments to a memberÓs surviving spouse and dependent children. Contributions Contributions are made by the City for the participating employees. No contributions are required from the individuals who are members of the TESRS, nor are they allowed. The City is required to make contributions to the plan for each month an eligible emergency service personnel provides qualified services. The minimum contribution is $36 per member. Contributions to the pension plan for the year ended September 30, 2020, were $63,435. Net Pension Liability The CityÓs net pension liability was measured as of August 31, 2018 rolled forward to August 31, 2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of August 31, 2019. Draft 3-12-21 62 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Emergency Services Retirement System (continued) Actuarial Assumptions The total pension liability in the August 31, 2018 actuarial valuation was determined using the following actuarial assumptions: Inflation: 3.00% Salary Increases: Not applicable Investment Rate of Return: 7.75%, net of pension plan investment expense, including inflation Mortality rates were based on the RP-2000 Combined Healthy Lives Mortality Tables for males and for females projected to 2024 by scale AA. The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future net real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These components are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage (currently 5.01%) and by adding expected inflation (3.00%). In addition, the final 7.75% assumption was selected by Ðrounding downÑ and thereby reflects a reduction of 0.26% for adverse deviation. The target allocation and expected arithmetic real rates of return for each major asset class are summarized in the following table: Long-Term Expected Real Rate Target of Return Allocation(Arithmetic) Asset Class Equities Large cap domestic32.0%5.81% Small cap domestic15.0%5.92% Developed international15.0%6.21% Emerging markets5.0%7.18% Master limited partnership5.0%7.61% Real Estate5.0%4.46% Fixed income23.0%1.61% Cash0.0%0.00% Total100.0% Weighted average5.01% Draft 3-12-21 63 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Emergency Services Retirement System (continued) Discount Rate The discount rate used to measure the total pension liability was 7.75%. No projection of cash flows was used to determine the discount rate because the August 31, 2018 actuarial valuation showed that expected contributions would pay the normal cost and amortize the unfunded actuarial accrued liability (UAAL) in 30 years using the conservative level dollar amortization method. Because of the 30-year amortization period with the conservative amortization method, the pension planÓs fiduciary net position is expected to be available to make all projected future benefit payments of current active and inactive members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability The following presents the net pension liability of the City, calculated using the discount rate of 7.75%, as well as what the CityÓs net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.75%) or 1-percentage-point higher (8.75%) than the current rate: Current Single Rate 1% Decrease to Assumption 1% Increase to 6.75%7.75%8.75% City's net pension liability465,510$ 261,913$ 125,629$ Pension Liabilities, Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At August 31, 2020, the City reported a liability of $261,913 for its proportionate share of the TESRSÓs net pension liability. The net pension liability was measured as of August 31, 2019 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of August 31, 2018 rolled forward to August 31, 2019. The CityÓs proportion of the net pension liability was based on the CityÓs contributions to the pension plan relative to the contributions of all employers to the plan for the period September 1, 2018 through August 31, 2019. At August 31, 2019 the CityÓs proportion of the collective net pension liability was 0.924% which was a increase from its proportion measured as of August 31, 2018 of 0.630%. For the year ended September 30, 2020, the City recognized pension expense of $3,669,613 related to the TMRS plan and pension expense of $62,063 related to the TESRS plan for total pension expense of $3,731,676. Draft 3-12-21 64 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 8 Î Defined-Benefit Pension Plans (continued) Texas Emergency Services Retirement System (continued) Pension Liabilities, Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (continued) At September 30, 2020, the City reported its proportionate share of the TESRSÓ deferred outflows and inflows of resources related to pensions from the following sources: Deferred Outflows of Deferred Inflows Resourcesof Resources Differences between actuarial assumptions and actual experience$ -$ 317 Differences between projected and actual investment earnings 33,728 - Contributions subsequent to the measurement date 63,435 - Total$ 97,163$ 317 Deferred outflows of resources resulting from contributions subsequent to the measurement date of $63,435 will be recognized as a reduction of the net pension liability for the fiscal year ending September 30, 2021. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: Fiscal Net deferred outflows Year(inflows) of resources 2021$ 7,111 2022 3,728 2023 8,289 2024 14,283 Total$ 33,411 Draft 3-12-21 65 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits TMRS Supplemental Death Benefits Fund Benefit Plan Description The City also participates in the cost sharing multiple-employer defined benefit group-term life insurance plan operated by the Texas Municipal Retirement System (TMRS) known as the Supplemental Death Benefits Fund (SDBF). The City elected, by ordinance, to provide group-term life insurance coverage to both current and retired employees. The City may terminate coverage under and discontinue participation in the SDBF by adopting an ordinance before November 1 of any year to be effective the following January 1. The death benefit for active employees provides a lump-sum payment approximately equal to the employeeÓs annual salary (calculated based on the employeeÓs actual earnings, for the 12-month period preceding the month of death); retired employees are insured for $7,500; this coverage is another post-employment benefit (OPEB). As the SDBF covers both active and retiree participants, with no segregation of assets, the SDBF is considered to be an unfunded OPEB plan (i.e. no assets are accumulated). Membership in the plan as of the measurement date of December 31, 2019 was as follows: Inactive employees currently receiving benefits 170 Inactive employees entitled to but not yet receiving benefits 25 Active employees 373 Total 568 Contributions Contributions are made monthly based on the covered payroll of employee members of the participating member city. The contractually required contribution rate is determined annually for each city (currently 0.17% of covered payroll). The rate is based on the mortality and service experience of all employees covered by the SDBF and the demographics specific to the workforce of the city. There is a one-year delay between the actuarial valuation that serves as the basis for the employer contribution rate and the calendar year when the rate goes into effect. The funding policy of this plan is to assure that adequate resources are available to meet all death benefit payments for the upcoming year; the intent is not to prefund retiree term life insurance during employeesÓ entire careers. As such, contributions are utilized to fund active member deaths on a pay-as-you-go basis; any excess contributions and investment income over payments then become net position available for benefits. Discount Rate The TMRS SDBF program is treated as unfunded OPEB plan because the SDBF trust covers both active employees and retirees and the assets are not segregated for these groups. Under GASB Statement No. 75, the discount rate for an unfunded OPEB plan should be based on 20-year tax-exempt AA or higher Municipal Bonds. Therefore, a discount rate of 2.75% based on the 20 Year Bond GO Index published by bondbuyer.com is used as of the measurement date of December 31, 2019. Draft 3-12-21 66 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits (continued) TMRS Supplemental Death Benefits Fund (continued) Actuarial Assumptions The CityÓs total OPEB liability was measured at December 31, 2019 and was determined by an actuarial valuation as of that date using the following actuarial assumptions: Valuation Date: December 31, 2019 Methods and Assumptions: Inflation: 2.50% Salary Increases: 3.50% to 11.50%, including inflation Discount rate: 2.75%. The discount rate was based on the Fidelity IndexÓs Ð20-Year Municipal GO AA IndexÑ rate as of December 31, 2019. RetireesÓ share of benefit related costs: $0 Administrative expenses: All administrative expenses are paid through the Pension Trust and accounted for under reporting requirements under GASB Statement No. 68. Mortality rates Î service retirees: 2019 Municipal Retirees of Texas Mortality Tables. The rates are projected on a fully generational basis with scale UMP. Mortality rates Î disabled retirees: 2019 Municipal Retirees of Texas Mortality Tables with a 4 year set- forward for males and a 3 year set-forward for females. In addition, a 3.5% and 3% minimum mortality rate will be applied to reflect the impairment for younger members who become disabled for males and females, respectively. The rates are projected on a fully generational basis by Scale UMP to account for future mortality improvements subject to the floor. Other Information The actuarial assumptions used in the December 31, 2019 valuation were based on the results of an actuarial experience study for the period December 31, 2014 to December 31, 2018. Draft 3-12-21 67 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits (continued) TMRS Supplemental Death Benefits Fund (continued) Changes in the Total OPEB Liability Total OPEB Liability Service cost31,070$ Interest39,725 Changes of benefit terms- Difference between expected and actual experience of the total OPEB liability(77,291) Changes of assumptions 218,703 Benefit payments(7,170) Net change in total OPEB liability 205,037 Total OPEB liability - beginning1,058,797 Total OPEB liability - ending1,263,834$ Covered payroll23,899,954$ Total OPEB liability as a percentage of covered payroll5.29% Sensitivity Analysis The following presents the total OPEB liability of the employer, calculated using the discount rate of 2.75%, as well as what the CityÓs total OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower (1.75%) or 1 percentage point higher (3.75%) than the current rate. Note that the healthcare cost trend rate does not affect the total OPEB liability, so sensitivity to the healthcare cost trend rate is not shown. Current Discount 1% Decrease to Rate Assumption1% Increase to 1.75%2.75%3.75% $ 1,556,714$ 1,263,834$ 1,040,721 OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB Activity For the year ended September 30, 2020, the City recognized OPEB expense of $100,625 related to the TMRS Supplemental Death Benefits plan and $4,763,942 related to the Retiree Healthcare Plan for a total expense of $4,864,567. Draft 3-12-21 68 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits (continued) TMRS Supplemental Death Benefits Fund (continued) OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB Activity (continued) As of September 30, 2020, the City reported deferred outflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of ResourcesResources Differences between expected and actual experience$ 48,114-$ Changes assumptions 228,494 5 2,784 Contributions subsequent to the measurement date 3,362 - Total$ 231,856$ 100,898 The $3,362 reported as deferred outflows of resources related to OPEB resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the total OPEB liability in the year ending September 30, 2021. Amounts currently reported as deferred outflows of resources related to OPEB, excluding contributions subsequent to the measurement date, will be recognized in OPEB expense as follows: Net deferred Fiscal outflows (inflows) Yearof resources 202129,830$ 202229,830 2023 29,830 2024 16,510 2025 21,596 Total$ 127,596 Draft 3-12-21 69 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits (continued) Retiree Health Care Plan (RHCP) Plan Description The CityÓs defined benefit OPEB plan, City of La Porte Retiree Health Care Plan (RHCP), provides OPEB through an implicit healthcare premium for retirees for all permanent full-time employees of the City. RHCP is a single- employer defined benefit OPEB plan administered by the City. At this time, no assets are accumulated in a trust to fund the future requirements of the RHCP. Benefits provided RHCP provides access to post retirement employees by offering a Ðblended premiumÑ structure, that is, the overall health care premiums for active employees and non-Medicare retirees, are stated in terms of a single Ðblended premiumÑ. The difference between the underlying retiree claims and the blended overall health care premium is referred to as an ÐimplicitÑ subsidy. Because the underlying claims costs for a non-Medicare retiree are on average higher than the blended premium, there is a positive implicit subsidy for the non-Medicare retirees. Employees covered by benefit terms. At December 31, 2019, the following employees were covered by the benefit terms: Retirees and beneficiaries 92 Inactive, nonretired members - Active members 369 Total 461 Total OPEB Liability The CityÓs total OPEB liability of $58,784,951 was measured as of December 31, 2019, and was determined by an actuarial valuation as of December 31, 2018 rolled forward to December 31, 2019. Actuarial assumptions and methods The total OPEB liability in the December 31, 2018 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified: Valuation Date: December 31, 2018 Methods and Assumptions: Actuarial Cost Method: Individual Entry-Age Discount Rate: 2.75% as of December 31, 2019 Inflation: 2.50% Salary Increases: 3.50% to 11.50%, including inflation Draft 3-12-21 70 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits (continued) Retiree Health Care Plan (RHCP) (continued) Actuarial assumptions and methods (continued) Demographic Assumptions: Based on the experience study covering the four year period ending December 31, 2018 as conducted for the Texas Municipal Retirement System (TMRS). For the OPEB valuation, the standard TMRS retirement rates were adjusted to reflect the impact of the CityÓs retiree medical plan design. Mortality: For healthy retirees, the gender-distinct 2019 Municipal Retirees of Texas mortality tables are used. The rates are projected on a filly generational basis using the ultimate mortality improvement rates in the MP tables to account for future mortality improvements. Health Care Trend Rates: Initial rate of 7.20% declining to an ultimate of 4.25% after 15 years Participation Rates: It was assumed that the plan participation would vary based on the amount of the subsidy provided. For eligible retirees with over 30 years of service, 95% were assumed to participate in the plan at retirement. For employees with less than 30 years of service, the assumed participation rate is equal to the percentage of premium the City subsidizes. For example, retirees eligible for an 85% subsidy were assumed to elect coverage 85% of the time, while only 40% of retirees eligible for a 40% subsidy were assumed to elect coverage. Other Information: Note: The discount rate changed from 3.71% as of December 31, 2018 to 2.75% as of December 31, 2019. Additionally, the demographic assumptions were updated to reflect the 2019 TMRS Experience Study and the health care trend rates were updated to reflect the repeal of the excise tax on high- cost employer health plans. Discount Rate For plans that do not have formal assets, the discount rate should equal the tax-exempt municipal bond rate based on an index of 20-year general obligation bonds with an average AA credit rating as of the measurement date. For the purpose of this valuation, the municipal bond rate is 2.75% (based on the daily rate closest to but not later than the measurement date of the Fidelity Ð20-Year Municipal GO AA IndexÑ). The discount rate was 3.71% as of the prior measurement date. Draft 3-12-21 71 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits (continued) Retiree Health Care Plan (RHCP) (continued) Changes in the Total OPEB Liability Total OPEB Liability Service cost$ 1,618,763 Interest 1,855,034 Changes of benefit terms - Difference between expected and actual experience of the total OPEB liability (601,446) Changes of assumptions 7,102,096 Benefit payments (762,083) Net change in total OPEB liability 9,212,364 Total OPEB liability - beginning 49,572,587 Total OPEB liability - ending$ 58,784,951 Covered payroll$ 23,900,629 Total OPEB liability as a percentage of covered payroll245.96% Sensitivity of the total OPEB liability to changes in the discount rate The following presents the planÓs total OPEB liability, calculated using a discount rate of 2.75%, as well as what the planÓs total OPEB liability would be if it were calculated using a discount rate that is one percent lower or one percent higher: Current Discount Rate Assumption 2.75%1% Increase 1% Decrease $ 70,163,146$ 58,784,951$ 49,864,225 Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates The following presents the planÓs total OPEB liability, calculated using the assumed trend rates as well as what the planÓs total OPEB liability would be if it were calculated using a trend rate that is one percent lower or one percent higher: Current Healthcare Cost Trend Rate Assumption 1% Decrease2.75%1% Increase $ 48,436,120$ 58,784,951$ 72,506,976 Draft 3-12-21 72 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 9 Î Other Post-Employment Benefits (continued) Retiree Health Care Plan (RHCP) (continued) OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended September 30, 2020, the City recognized OPEB expense of $100,625 related to the TMRS Supplemental Death Benefits plan and $4,763,942 related to the Retiree Healthcare Plan for a total expense of $4,864,567. At September 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of ResourcesResources Differences between expected and actual experience$ 554,865-$ Changes assumptions 8,328,403 107,180 Contributions subsequent to the measurement date 771,026 - Total$ 9,099,429$ 662,045 The $771,026 reported as deferred outflows of resources related to OPEB resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the total OPEB liability in the year ending September 30, 2021. Amounts currently reported as deferred outflows of resources related to OPEB, excluding contributions subsequent to the measurement date, will be recognized in OPEB expense as follows: Net deferred Fiscal outflows (inflows) Yearof resources 2021$ 1,290,146 2022 1,290,146 2023 1,290,146 2024 1,290,146 2025 1,290,146 Thereafter 1,215,628 Total$ 7,666,358 Draft 3-12-21 73 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 10 - Risk Management The City is exposed to various risks of loss related to torts: theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The CityÓs risk management program encompasses various means of protecting the City against loss by obtaining property, casualty and liability coverage from participation in a risk pool. The participation of the City in the risk pool is limited to the payment of premiums. The City is a member of the Texas Municipal League Intergovernmental Risk Pool, an unincorporated association of 1,860 political subdivisions of the State of Texas. The Pool contracts with a third party administrator for administration, investigation and adjustment services in the handling of claims. All loss contingencies, including claims incurred but not reported, if any, are recorded and accounted for by the Pool. Settled claims have not exceeded insurance coverage in any of the three previous fiscal years. There has not been any significant reduction in insurance coverage from that of the previous year. The insurance internal service fund is funded by charges to the CityÓs other funds and component units, and is based primarily upon the contributing fundsÓ full-time employee count. The City self- insures a portion of health insurance benefits provided to employees. For health insurance the City retains the risk for the first $165,000 of an individual claim. Excess insurance coverage is purchased to cover individual claims in excess of $165,000 with a limit of $1,000,000 per coverage period. Activities during the year for the insurance internal service fund included: Revenues Charges to divisions5,395,680$ Interfund transfers2,717,091 Charges to employees633,785 Charges to retirees130,493 Cobra charges8,120 Other25,000 Interest revenue5,234 Total revenues8,915,403$ Expenses Other expenses710,208$ Claims administration126,682 Claims incurred6,067,699 Re-insurance premiums527,309 Insurance premiums512,743 Total expenses7,944,641$ Liabilities of the insurance fund are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. Liabilities include an amount for claims that have been incurred but not reported (IBNRs). The result of the process to estimate the claims liability is not an exact amount as it depends on many complex factors, such as, inflation, changes in legal requirements and damage awards. Accordingly, claims are reevaluated periodically to consider the effects of inflation, recent claim settlement trends (including frequency and amount of pay-offs), and other economic and social factors. These estimate of the claims also includes amounts for incremental claim adjustment expenses related to specific claims and other claim adjustment expense regardless of whether allocated to specific claims. Draft 3-12-21 74 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 10 - Risk Management (continued) Changes in the balance of health insurance claims liability for three fiscal years are as follows: Beginning of Payments forEnd of Year Year AccrualClaimsClaimsAccrual 9/30/2018$ 470,662$ 6,784,705$ 6,708,518$ 546,849 9/30/2019 546,849 6,893,077 6,841,448 598,478 9/30/2020 598,478 7,618,478 7,576,618640,338 Note 11 - Contingencies The City is a defendant in lawsuits. Although the outcome of the lawsuits is not presently determinable, it is the opinion of the CityÓs management the resolution of these matters will not have a materially adverse effect on the financial condition of the City. The City participates in certain federal and state assisted grant programs. These programs are subject to program compliance audits by the grantors or their representatives. Accordingly, the CityÓs compliance with applicable grant requirements will be established at a future date. The amount of expenditures which may be disallowed by the granting agencies cannot be determined at this time, although the City anticipates such amounts, if any, will be immaterial. Note 12 - Encumbrances Appropriations in all budgeted funds lapse at the end of the fiscal year even if they have related encumbrances. Encumbrances are commitments related to unperformed (executory) contracts for goods or services (i.e., purchase orders, contracts, and commitments). Encumbrance accounting is utilized to the extent necessary to assure effective budgetary control and accountability and to facilitate effective cash planning and control. While all appropriations and encumbrances lapse at year end, valid outstanding encumbrances (those for which performance under the executory contract is expected in the next year) are re-appropriated and become part of the subsequent yearÓs budget pursuant to state regulations. At year-end the amount of encumbrances expected to be honored in the next year were as follows: FundAmount General$ 365,294 Non-major Governmental 38,838 LPAWA 30,560 Internal service fund 996,764 Total$ 1,431,456 Draft 3-12-21 75 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 13 - Southeast Water Purification Plant The La Porte Area Water Authority (ÐAuthorityÑ) and the City of Houston, Texas have entered into a Cost Sharing Water Project Contract (the ÐContractÑ) wherein the Authority, the Cities of La Porte, MorganÓs Point, and Shoreacres agree to jointly finance the construction and operation of the Southeast Water Purification Plant (Southeast Plant). Under the terms of the Contract, the Authority purchased 4.2 million gallons per day production and 5.25 million gallons per day pumping capacity. The Cities of La Porte, MorganÓs Point, and Shoreacres have agreed to demand and pumping allocations of the AuthorityÓs purchase of water from the Southeast Plant. The required funds for the undivided interest in the Southeast Plant and the construction of a transmission and distribution system to transport water from the Southeast Plant were provided by issuance of $9.8 million revenues bonds, which have been retired. The water rate to be set by the Authority will not be less than an amount sufficient to provide for payment of all expenses in producing, treating, and pumping the water in connection with transmission and distribution systems and to provide payment for the interest and principal of all bonds when the bonds become due and payable. Note 14 - Due to Developers The TIRZ is a party to several agreements with Developers who own property in the La Porte Tax Increment Zone. The TIRZ is obligated to repay the Developers for public improvements made on the property up to the amount of incremental tax value gained. The Authority has entered into agreements with the following Developers: Port Crossing Land, LP, 65 La Porte, Ltd., Retreat at Bay Forest, LP, Beazer Homes, LP and Senior Associates. Port Crossing Land, LP has completed the public improvements detailed in the agreement with the Authority, and assigned their receivable amount to Liberty Property Limited Partnership in 2015. Port Crossing Land, LPÓs reimbursable expenditures totaled $12,096,488 including interest at May 27, 2009. In the current fiscal year, the Developer was reimbursed $588,693. To date, reimbursements in the amount of $14,561,052 have been made to Port Crossing/Liberty for incremental tax value gained. The amount is paid in full for Liberty Property Limited Partnership as of September 30, 2020. Retreat at Bay Forest, LPÓs reimbursable expenditures totaled $224,760, including interest of $36,885 for the pilot channel and excavation costs as of November 20, 2013. No additional interest will be due under the agreement. During the current fiscal year, a reimbursement of $6,153 was applied to principal and was paid in full as of September 30, 2020. Beazer Homes Texas LPÓs reimbursable expenditures for Bayside Crossing totaled $1,449,517 including interest at August 24, 2016. In the current fiscal year, interest was calculated at $37,987. The Developer was reimbursed $37,041 for interest and $73,860 applied to principal. Draft 3-12-21 76 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 14 - Due to Developers (continued) Beazer Homes Texas LPÓs reimbursable expenditures for Bayside Crossing - Supplemental totaled $177,498, including interest at August 23, 2017. In the current fiscal year, an additional amount of $4,214 was calculated for interest. Senior AssociateÓs reimbursable expenditures and land for Bayside Crossing totaled $466,032 including interest at August 24, 2016. In the current fiscal year, an additional amount $5,468 was calculated for interest and $10,457 was paid toward interest. 65 La Porte, Ltd (Lakes of Fairmont Greens) had reimbursable expenditures approved in the current fiscal year of $4,293,060 on April 15, 2020. No interest will accrue because present value was used. Payments during the current fiscal year total $1,161,414 with another $93,365 payable at year-end. In addition, certain developers have signed a Development Agreement but have not submitted costs for reimbursement of their projects. Estimated costs, based on the agreement, are as follows: Hawthorne at La Porte, LLC - $2,019,908 Jabez Î LB1, L.L.C. - $1,952,754 Note 15 - Industrial Payments In 1958, the City created an Industrial Zone adjacent to the City, which presently encompasses approximately 5,500 acres of land north of Highway 225 and bordering the Houston Ship Channel. The City annexed sufficient land to completely encircle this Industrial Zone, protecting it from annexation by any other municipality. The City entered into contracts with all of the Industries located in the Zone whereby the City annexed a portion of the total value of each industry with the remainder constituting the protected Industrial District. In addition to the Industrial Zone north of Highway 225, which is referred to as the "Battleground Industrial District," the City contains an Industrial Zone on its south side referred to as the "Bayport Industrial District." The Bayport District, created in 1970, covers 2,500 acres. The City and the Industries, many of which have come to the Industrial Zones since the original contracts, are presently under contracts, which extend to December 31, 2031. Under the terms of the current contracts, the industries make payments to the City each year in lieu of taxes. These annual in lieu payments are in an amount which, when added to the full City taxes on the annexed portion, equal 64% of what the City's taxes on the industry would be if 100% of the industry was in the City. The contracts contain a new construction clause that allows new plant facilities to make in lieu payments on 30% of the value of new additions. Currently, 162 companies participate in industrial district contracts. These contracts have served as a valuable economic tool for more than 50 years. Draft 3-12-21 77 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit A-10 NOTES TO FINANCIAL STATEMENTS (continued) Note 16 - Fund Balance Assigned fund balance of the General Fund at year-end consisted of the following: Bulk fuel$ 242,423 Strategic plan consultant 4,211 Customer relations software 46,212 A/C replacement - City Hall 6,627 Financial software 34,586 Professional GIS services 2,611 Fireworks for July 4, 2021 18,428 Consultant for Master Plan for Parks and Recreation 2,957 Materials testing 3,800 Recruitment software 3,439 Total General Fund Assigned Fund Balance$ 365,294 Note 17 - Subsequent Events The full extent of the ongoing impact of COVID-19 on the CityÓs fiscal year 2021 and longer-term operational and financial performance will depend on future developments, many of which are outside of its control, including the effectiveness of the mitigation strategies related to COVID-19, the duration and spread of COVID-19, and future governmental actions, all of which are highly uncertain and cannot be predicted. Draft 3-12-21 78 Fiscal Year 2020 Annual Report REQUIRED SUPPLEMENTARY INFORMATION Draft 3-12-21 79 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit B-1 GENERAL FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Budgeted Amounts Variance with Final Budget Actual Positive OriginalFinalAmounts(Negative) Revenues Taxes: Property taxes and penalties$ 19,005,100$ 19,005,100$ 20,370,665$ 1,365,565 Other taxes90,00090,00073,904(16,096) Licenses and permits526,489526,489891,332364,843 Fines and forfeitures1,773,0701,773,0701,554,668(218,402) Sales and use taxes5,500,0005,500,0006,591,6221,091,622 Industrial payments14,000,00014,000,00016,439,5102,439,510 Franchise taxes3,104,2333,104,2333,050,853(53,380) Intergovernmental revenues - - 4 1,355 41,355 Investment Earnings 650,000 6 50,000 6 28,556 ( 21,444) Charges for services 5,901,871 5,901,871 6,263,368 3 61,497 Miscellaneous 169,114 169,114 2 38,519 6 9,405 Total revenues 50,719,877 5 0,719,877 56,144,352 5,424,475 Expenditures Current: General government 13,127,247 1 2,479,730 10,737,547 1,742,183 Public safety 20,16,045 2 0,459,078 17,714,244 2,744,834 Public works 3,664,867 3,783,165 3,350,690 4 32,475 Health and sanitation 3,036,339 3,176,739 3,145,383 3 1,356 Culture and recreation 6,301,691 6,625,919 6,285,996 3 39,923 Total expenditures 46,36,189 4 6,524,631 41,233,860 5,290,771 Excess (Deficiency) of Revenues Over (Under) Expenditures 4,3,688 4 ,195,246 14,910,492 10,715,246 Other Financing Sources (Uses) Transfers in 57,500 5 7,500 5 7,476 24 Transfers out (8,119,445) (8,119,445) (8,119,445) - Proceeds from sales of assets - - 65,147 (65,147) Total Other Financing Sources (Uses) (8,061,945) (8,061,945) (7,996,822) ( 65,123) Net Change in Fund Balance (3,68,257) (3,866,699) 6,913,670 1 0,650,123 Fund Balances, Beginning 57,610,257 5 7,610,257 57,610,257 - Fund Balances, Ending $ 53,92,000$ 53,743,558$ 64,523,927$ 10,650,123 Draft 3-12-21 80 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit B-2 LA PORTE REDEVELOPMENT AUTHORITY (TAX INCREMENT REINVESTMENT ZONE) SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL For the Year ended September 30, 2020 Budgeted Amounts Variance with Final Budget Actual Positive OriginalFinalAmounts(Negative) Revenues: Property taxes$ 5,507,318$ 5,507,318$ 5,315,923$ (191,395) Investment earnings 975 975 724 (251) Total Revenues 5,508,293 5,508,293 5,316,647 (191,646) Expenditures Current: General government 1,644,950 1,644,950 917,042 727,908 Debt Service: Principal 3,191,162 3,191,162 1,923,487 1,267,675 Interest and other charges - - 47,498 (47,498) Total Expenditures 4,836,112 4,836,112 2,888,027 1,948,085 Net change in fund balance 672,181 672,181 2,428,620 1,756,439 Fund balances - beginning of year 1,848,098 1,848,098 1,848,098 - Fund balances - end of year$ 2,520,279$ 2,520,279$ 4,276,718$ 1,756,439 Draft 3-12-21 81 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit B-3 NOTES TO REQUIRED SUPPLEMENTARY INFORMATION 1. Budgetary Controls and Procedures The objective of the CityÓs budgetary controls is to ensure compliance with legal provisions embodied in the annual appreciated budget approved by the City Council. The City Manager is required by charter to submit a proposed budget and accompanying message to City Council by August 1. The Council shall review and revise the proposed budget as they deem appropriate prior to circulation for the public hearing. A summary of the proposed budget and notice of the public hearing must be posted in City Hall and be published in the official newspaper at least 2 weeks prior to the hearing. Annual budgets for General, Debt Service, Special Revenue and Enterprise Funds are legally adopted by ordinance and must be done so no later than the last day of the fiscal year. Budgetary control for capital projects funds is achieved through legally binding construction contracts and project length budgets. The level of budgetary control (the level at which expenditures cannot legally exceed the appropriated amount) is the total approved budget for each department. The City Manager is authorized to transfer part of all of any unencumbered appropriation balance among programs within a department. All other amendments and/or transfers must be approved by Council. Annual appropriated budgets are adopted for general, special revenue, and debt service funds, using the same basis of accounting as for financial reporting. Annual budgets are adopted on a basis consistent with generally accepted accounting principles (GAAP) except the capital projects funds, which adopt as a whole. The original budget is adopted by the City Council prior to the beginning of the year. Appropriations lapse at the end of the year, excluding capital project budgets. Draft 3-12-21 82 Fiscal Year 2020 Annual Report Exhibit B-4 CITY OF LA PORTE, TEXAS SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS TEXAS MUNICIPAL RETIREMENT SYSTEM Last Six Measurement Years 201920182017201620152014 Total pension liability Service Cost $ 3,890,913$ 3,668,483$ 3,714,539$ 3,600,954$ 3,401,691$ 3,045,776 Interest (on the Total Pension Liability) 10,969,460 10,570,181 10,112,101 9,653,940 9,564,637 9,108,178 Difference between expected and actual experience 412,341 (1,410,118) (658,901) (40,363) (500,190) (761,946) Changes of assumptions 611,170 - - - (325,022) - Benefit payments, including refunds of employee contributions (7,890,546) (6,158,492) (6,558,193) (6,409,301) (5,304,879) (4,793,355) Net change in total pension liability 7,993,338 6,670,054 6,609,546 6,805,230 6,836,237 6,598,653 Total pension liability Î beginning 164,510,337 157,840,283 151,230,737 144,425,507 137,589,270 130,990,617 Total pension liability Î ending$ 172,503,675$ 164,510,337$ 157,840,283$ 151,230,737$ 144,425,507$ 137,589,270 Plan fiduciary net position Contributions Î employer $ 3,850,439$ 3,625,504$ 3,602,160$ 3,415,127$ 3,461,463$ 3,534,991 Contributions Î employee 1,672,997 1,575,422 1,578,735 1,528,511 1,506,158 1,460,768 Net investment income 21,775,702 (4,381,890) 17,987,506 8,314,792 181,954 6,665,254 Benefit payments, including refunds of employee contributions (7,890,546) (6,158,492) (6,558,193) (6,409,301) (5,304,879) (4,793,355) Administrative Expense (123,059) (84,698) (93,223) (93,910) (110,827) (69,591) Other (3,697) (4,424) (4,725) (5,060) (5,474) (5,722) Net change in plan fiduciary net 19,281,836 (5,428,578) 16,512,260 6,750,159 (271,605) 6,792,345 Plan fiduciary net position Î beginning 140,872,830 146,301,408 129,789,148 123,038,989 123,310,594 116,518,249 Plan fiduciary net position Î ending$ 160,154,666$ 140,872,830$ 146,301,408$ 129,789,148$ 123,038,989$ 123,310,594 Net pension liability $ 12,349,009$ 23,637,507$ 11,538,875$ 21,441,589$ 21,386,518$ 14,278,676 Plan fiduciary net position as a percentage of the total pension liability 92.84%85.63%92.69%85.82%85.19%89.6% Covered payroll $ 23,899,954$ 22,506,030$ 22,553,362$ 21,823,962$ 21,421,227$ 20,708,639 Net pension liability as a percentage of covered employee payroll 51.67%105.03%51.16%98.25%99.84%68.95% GASB 68 requires 10 fiscal years of data to be provided in this schedule. The City will continue to build this schedule over the next 10-year period as the information becomes available. Draft 3-12-21 83 Fiscal Year 2020 Annual Report Exhibit B-5 CITY OF LA PORTE, TEXAS SCHEDULE OF CONTRIBUTIONS TEXAS MUNICIPAL RETIREMENT SYSTEM Last Seven Fiscal Years 2020*2019*201820172016 Actuarially Determined Contribution3,815,501$ $ 3 ,655,811$ 3 ,616,211$ 3 ,566,725$ 3,551,472 Contributions in relation to the actuarially determined contribution (3,987,213) (3,759,780) (3,616,211) (3,566,725) (3,551,472) Contribution deficiency (excess)(171,712)$ $ (103,969)$ - $ - $ - Covered payroll$ 2 4,749,926$ 2 3,338,178$ 2 2,496,785$ 2 2,446,058$ 22,512,615 Contributions as a percentage of covered payroll15.42%15.66%16.07%15.89%15.78% 20152014 Actuarially Determined Contribution$ 3,489,185$ 3 ,496,424 Contributions in relation to the actuarially determined contribution (3,489,185) (3,496,424) Contribution deficiency (excess)$ -$ - Covered payroll$ 2 1,323,383$ 2 0,543,616 Contributions as a percentage of covered payroll16.36%17.02% * - the TMRS recommended contribution decreased in calendar year 2019 and 2020. The City maintained contributions at the 2019 calendar year rate in order to increase their funded status Note: This schedule is required to have 10 years of information, but the information prior to 2014 is not available. NOTES TO SCHEDULE OF CONTRIBUTIONS Actuarially determined contribution rates are calculated as of December 31 and Valuation Date: become effective in January 13 months later. Methods and Assumptions Used to Determine Contribution Rates: Actuarial Cost MethodEntry Age Normal Amortization MethodLevel Percentage of Payroll, Closed Remaining Amortization Period25 years Asset Valuation Method10 Year smoothed market; 15% soft corridor Inflation2.50% Salary Increases3.50% to 10.50% including inflation Investment Rate of Return6.75% Experience-based table of rates that are specific to the City's plan of benefits. Last Retirement Age updated for the 2015 valuation pursuant to an experience study of the period 2010 - 2014 MortalityRP2000 Combined Mortality Table with Blue Collar Adjustment with male rates multiplied by 109% and female rates multiplied by 103% and projected on a fully generational basis with scale BB. Other Information:There were no benefit changes during the year. Draft 3-12-21 84 Fiscal Year 2020 Annual Report Exhibit B-6 CITY OF LA PORTE, TEXAS SCHEDULE OF CITY'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY TEXAS EMERGENCY SERVICES RETIREMENT SYSTEM Last Six Measurement Years 20192018201720162015 City's proportion of the net pension liability 0.924%0.630%0.653%0.780%0.982% City's proportionate share of the net pensions liability $ 136,398261,913$ $ 1 56,731$ 262,121227,199$ City's covered payroll 29,17563,435 27,694 15,498 18,617 City's proportionate share of the net pension liability as percentage of its covered payroll 413%468%566%1466%1408% Plan fiduciary net position as a percentage of the total pension liability 0.0%84.3%81.4%76.3%76.9% 2014 City's proportion of the net pension liability0.721% City's proportionate share of the net pensions liability$ 131,018 City's covered payroll 18,420 City's proportionate share of the net pension liability as percentage of its covered payroll 711% Plan fiduciary net position as a percentage of the total pension liability 83.5% Exhibit B-7 CITY OF LA PORTE, TEXAS SCHEDULE OF CITY'S CONTRIBUTIONS TEXAS EMERGENCY SERVICES RETIREMENT SYSTEM Last Seven Fiscal Years 20202019201820172016 Contractually required contribution $ 64,435$ 30,180$ 40,265$ 2 6,495$ 3 8,095 Contributions in relation to the contractually required contribution (64,435) (30,180) (40,265) (26,495) (38,095) Contribution deficiency (excess) - - - - - City's covered payroll 63,435 29,175 27,694 15,498 18,617 Contribution as a percentage of covered-employee payroll 101.6%103.4%145.4%171.0%204.6% 20152014 Contractually required contribution $ 48,820$ 26,055 Contributions in relation to the contractually required (48,820) (26,055) contribution Contribution deficiency (excess) - - City's covered payroll 18,420 18,617 Contribution as a percentage of covered-employee payroll 265.0%140.0% Draft 3-12-21 85 Fiscal Year 2020 Annual Report Exhibit B-8 CITY OF LA PORTE, TEXAS SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS CITY OF LA PORTE RETIREE HEALTH CARE PLAN For the last Three Measurement Years Ended December 31 Total OPEB Liability201920182017 Service cost$ 1,618,763$ 1 ,671,651$ 1 ,424,797 Interest on the total OPEB liability 1,855,034 1,583,194 1,611,153 Difference between expected and actual experience of the total OPEB liability (601,446) (31,749) (43,219) Changes in assumptions 7,102,096 (147,052) 3,495,450 Benefit payments (762,083) (996,520) (1,140,416) Net change in total OPEB liability 9,212,364 2,079,524 5,347,765 Total OPEB Liability - Beginning 4 9,572,587 4 7,493,063 42,145,298 Total OPEB Liability - Ending$ 58,784,951$ 49,572,587$ 47,493,063 Covered payroll$ 23,900,629$ 22,506,030$ 21,799,361 Total OPEB liability as a percentage of covered payroll245.96%220.26%217.86% Notes to the Required Supplementary Information Ten years of data should be presented but data was unavailable prior to 2017. There are no plan assets accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. The discount rate changed from 3.31% as of December 31, 2017 to 3.71% as of December31, 2018. Draft 3-12-21 86 Fiscal Year 2020 Annual Report Exhibit B-9 CITY OF LA PORTE, TEXAS SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS TEXAS MUNICIPAL RETIREMENT SYSTEM SUPPLEMENTAL DEATH BENEFITS FUND For the Last Three Measurement Years Ended December 31 Total OPEB Liability201920182017 Service cost$ 31,070$ 31,508$ 27,064 Interest on the total OPEB liability 39,725 3 5,270 3 4,660 Difference between expected and actual experience of the total OPEB liability (77,291) 2 4,065 - Changes in assumptions 218,703 (78,470) 9 1,449 Benefit payments (7,170) (6,752) (6,766) Net change in total OPEB liability 205,037 5,621 146,407 Total OPEB Liability - Beginning 1,058,797 1,053,176 906,769 Total OPEB Liability - Ending$ 1,263,834$ 1 ,058,797$ 1 ,053,176 Covered payroll$ 23,899,954$ 22,506,030$ 22,553,362 Total OPEB liability as a percentage of covered payroll5.29%4.70%4.67% Notes to the Required Supplementary Information Ten years of data should be presented but data was unavailable prior to 2017. There are no plan assets accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. No significant methods and assumptions to disclose. Draft 3-12-21 87 Fiscal Year 2020 Annual Report Draft 3-12-21 88 Fiscal Year 2020 Annual Report COMBINING AND INDIVIDIUAL FUND STATEMENTS AND SCHEDULES Draft 3-12-21 89 Fiscal Year 2020 Annual Report Draft 3-12-21 90 Fiscal Year 2020 Annual Report Non-major Governmental Funds Special Revenue Funds Special Revenue Funds are used to account for specific revenues that are legally restricted for particular purposes. Hotel/Motel Occupancy Tax Fund - This fund is used to account for the accumulation of resources from the Hotel/Motel Tax assessment levied by the City. These monies are to be spent to promote the development or progress of the City within the guidelines set forth on disposition of revenues collected under the authority of the Texas Hotel Occupancy Act (Article 1369; VernonÓs Texas Civil Statutes). Section 4B Sales Tax Fund Î This fund is used to account for funds received from the ½ cent sales tax dedicated to certain economic and infrastructure projects. Street Maintenance Sales Tax Fund Î This fund is used to account for the additional sales tax collected for street maintenance. Emergency Services Sales Tax Fund Î This fund is used to account for the additional sales tax collected for emergency maintenance. These funds are used to account for revenues to be received from the Community Development Block Grant Entitlement Fund. Restricted Funds Î This fund is used to account for funds received from another government or organization to be used for the specific purpose activity or facility. Capital Projects Funds Capital projects funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds. 2006 Certificates of Obligation Fund Î This fund is used to account for the proceeds and expenditures related to the Police Facility, a Sports Complex, South La Porte Trunk Sewer and various other Water/Sewer projects. 2010 Certificates of Obligation Fund Î This fund is used to account for the proceeds and expenditures related to street, drainage and park improvements. 2015 Certificates of Obligation Fund Î This fund is used to account for bond proceeds and the expenditure of those funds for the construction of and improvements to the wastewater system . 2017 Certificates of Obligation Fund Î This fund is used to account for bond proceeds and the expenditure of those funds for water and sewer improvements, and street and drainage improvements. Drainage Improvements Î This fund is used to account for the proceeds and expenditures related to the drainage fees collected. Draft 3-12-21 91 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS September 30, 2020 Special Revenue Funds Street Hotel - Motel Occupancy Section 4B Maintenance Tax FundSales TaxSales Tax Assets Current Assets: Cash and cash equivalents$ 1,826,869$ 5,544,149$ 3,028,304 Investments 30,946 75,555 51,297 Receivables122,654547,746273,873 Total Assets $ 1,980,469$ 6,167,450$ 3,353,474 Liabilities: Accounts payable$ 222$ 30,000$ 668,450 Accrued salaries2,068745 - Total Liabilities 2,290 30,745 668,450 Fund Balances: Restricted for: Debt service 1,089,016- - Economic development 1,978,179 5,047,689 - Senior citizen programs - - - Replacement of trees - - - Municipal court building and technology - - - Park improvements - - - Public safety - - - Capital projects - - - Public works - - 2,685,024 Other - - - Total Fund Balances 1,978,179 6,136,705 2,685,024 Total Liabilities and Fund Balances $ 1,980,469$ 6,167,450$ 3,353,474 Draft 3-12-21 92 Fiscal Year 2020 Annual Report Exhibit C-1 Page 1 of 2 Special Revenue Funds Emergency Restricted Total Special Service Sales Funds Revenue Tax(Grants)Funds $ 1,728,518 $ 7 82,318$ 12,910,158 29,280 1 3,252 200,330 270,3541,887,9953,102,622 $ 2,028,152$ 2 ,683,565$ 16,213,110 $ 31,494$ 22,961$ 753,127 - - 2,813 31,494 2 2,961 755,940 - - 1,089,016 - - 7,025,868 - 1 0,543 10,543 - 5 25,347 525,347 - 5 37,407 537,407 - 6 52,330 652,330 1,996,658 568,696 2,565,354 - - - - - 2,685,024 - 3 66,281 366,281 1,996,658 2,660,604 15,457,170 $ 2,028,152$ 2 ,683,565$ 16,213,110 Draft 3-12-21 93 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS September 30, 2020 Capital Projects Funds 2010 2015 2017 2006 Certificates Certificates Certificates Certificates of Obligationof Obligationof Obligationof Obligation $ 7,585$ 1,122,407$ 2,726,829$ 1 0,110,930 128 1,030 3,131 1 13 - - - - $ 7,713$ 1,123,437$ 2,729,960$ 10,111,043 $ -$ -$ 39,659$ 124,890 - - - - - - 39,659 1 24,890 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,713 1,123,437 2,690,301 9,986,153 - - - - - - - - 7,713 1,123,437 2,690,301 9,986,153 7, $ 713$ 1,123,437$ 2,729,960$ 10,111,043 Draft 3-12-21 94 Fiscal Year 2020 Annual Report Exhibit C-1 Page 2 of 2 Total Total Capital Nonmajor Drainage Projects Governmental ImprovementsFundsFunds $ 1,286,591$ 15,254,342$ 28,164,500 21,794 26,196226,526 28,78928,789 3,131,411 $ 1,337,174$ 15,309,327$ 31,522,437 $ 164,549917,676-$ - -2,813 164,549- 920,489 - - 1,089,016- - 7,025,868- - - 10,543 - 525,347- - 537,407- - 652,330- - 2,565,354- 1,337,174 15,144,778 15,144,778 - 2,685,024- - 366,281- 1,337,174 15,144,778 30,601,948 $ 1,337,174$ 15,309,327$ 31,522,437 Draft 3-12-21 95 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS For the Year Ended September 30, 2020 Special Revenue Funds Street Emergency Hotel/Motel Section 4b Maintenance Service TaxSales TaxSales Tax Sales Tax Revenues Fines and forfeitures-$ $ - $ -$ - Sales and use taxes 6 01,408 3,296,751 1,648,376 1,616,922 Intergovernmental revenues - - - - Investment earnings 16,922 37,574 27,575 1 2,572 Charges for services - - - - Miscellaneous 5,807 - - - Total revenues 624,137 3,334,325 1,675,951 1,629,494 Expenditures Current: General government 462,493 253,797 - - Public safety - - - 9 48,583 Public works - - 1,958,677 - Culture and recreation - - - - Capital outlay - - 63,210 1 16,764 Total expenditures 462,493 253,797 2,021,887 1,065,347 Excess (Deficiency) of Revenues Over (Under) Expenditures 161,644 3,080,528 (345,936) 5 64,147 Other Financing Sources (Uses) Transfers to other funds (2,297,772)(57,476) - - Total Other Financing Sources (Uses) (2,297,772)(57,476) - - Change in Fund Balance 104,168 782,756 (345,936) 5 64,147 Fund Balances, Beginning 1,874,0115,353,9493,030,9601,432,511 Fund Balances, Ending $ 1,978,179$ 6, 136,705$ 2,685,024$ 1 ,996,658 Draft 3-12-21 96 Fiscal Year 2020 Annual Report Exhibit C-2 Page 1 of 2 Total Special Restricted Funds Revenue (Grants)Funds $ 177,006177,006$ - 7 ,163,457 2,194,1372,194,137 21,554 1 16,197 - - 429,391 4 35,198 2,822,088 10,085,995 102,063 8 18,353 2,012,179 2,960,762 95,315 2 ,053,992 12,651 1 2,651 309,056 4 89,030 2,531,264 6,334,788 290,824 3 ,751,207 - ( 2,355,248) - ( 2,355,248) 290,824 1 ,395,959 2,369,78014,061,211 $ 2,660,604$ 15,457,170 Draft 3-12-21 97 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS For the Year Ended September 30, 2020 Capital Projects Fund 2015 2006 2010 Certificates 2017 Certificates Certificates of Certificates of Obligationof ObligationObligationof Obligation Revenues Fines and forfeitures-$ -$ $ - $ - Sales and use taxes - - - - Intergovernmental revenues - - - - Investment earnings 74 1 0,488 3 3,765 117,101 Charges for services - - - - Miscellaneous - - - - Total revenues 74 1 0,488 3 3,765 117,101 Expenditures Current: General government - - - - Public safety - - - - Public works - - - 343,807 Culture and recreation - - - - Capital outlay - - 9 9,959 5,172 Total expenditures - - 9 9,959 348,979 Excess (Deficiency) of Revenues Over (Under) Expenditures 74 1 0,488 (66,194) (231,878) Other Financing Sources (Uses) Transfers to other funds - - - - Total Other Financing Sources (Uses) - - - - Change in Fund Balance 74 1 0,488 (66,194) (231,878) Fund Balances, Beginning 7,6391,112,9492,756,49510,218,031 Fund Balances, Ending $ 7,713$ 1,123,437$ 2 ,690,301$ 9,986,153 Draft 3-12-21 98 Fiscal Year 2020 Annual Report Exhibit C-2 Page 2 of 2 Capital Projects Fund Total Total Capital Nonmajor Drainage Projects Governmental ImprovementsFundsFunds $ --$ 177,006$ - 7,163,457- - 2,194,137- 10,794 172,222 288,419 292,491 292,491 292,491 - 435,198- 303,285 464,713 10,550,708 - 818,353- - 2,960,762- 343,807- 2,397,799 - - 12,651 40,286 145,417 634,447 40,286 489,224 6,824,012 262,999 (24,511) 3,726,696 - (2,355,248)- - (2,355,248)- 262,999 (24,511) 1,371,448 1,074,17515,169,28929,230,500 $ 1,337,174$ 15,144,778$ 30,601,948 Draft 3-12-21 99 Fiscal Year 2020 Annual Report Exhibit C-3 CITY OF LA PORTE, TEXAS DEBT SERVICE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final Positive BudgetGAAP Actual(Negative)2019 Revenues Taxes: Property taxes3,419,000$ 3,833,522$ 414,522$ $ 3 ,539,730 Investment earnings 11,000 54,299 43,299 1 6,533 Total revenues 3,430,000 3,887,821 457,821 3 ,556,263 Expenditures Current: Debt service: Principal 3,775,000 3,775,000 - 3 ,735,000 Interest and fiscal charges 882,119 922,581 (40,462) 9 98,822 Total expenditures 4,657,119 4,697,581 (40,462) 4 ,733,822 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,227,119) (809,760) 417,359 (1,177,559) Other Financing Sources (Uses) Transfers in 1 ,256,664 1,256,664 - 1 ,271,124 Proceeds of bond issuance 2,705,000- 2,705,000 - Bond premium/discount 352,246- 352,246 - Payment to bond escrow agent (2,982,662)- (2,982,662) - Total Other Financing Sources (Uses) 1,256,664 1,331,248 74,584 1 ,271,124 Change in Fund Balance 29,545 521,488 491,943 9 3,565 Fund Balances, Beginning 4,492,029 4,492,029 - 4 ,398,464 Fund Balances, Ending $ 4,521,574$ 5,013,517$ 491,943$ 4,492,029 Draft 3-12-21 100 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-4 CAPITAL IMPROVEMENTS FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Investment earnings45,000$ $ 1 02,742$ 57,742$ 200,746 Total revenues 45,000 1 02,742 5 7,742 2 00,746 Expenditures Current: General government 544,919 1 41,495 403,424 138,833 Culture and recreation 8,926 415,821 (406,895) 1,273,316 Capital outlay 7 ,903,365 1 ,614,055 6,289,310 1,053,137 Total expenditures 8,457,210 2 ,171,371 6,285,839 2,465,286 Excess (Deficiency) of Revenues Over (Under) Expenditures (8,412,210) (2,068,629) 6,343,581 (2,264,540) Other Financing Sources (Uses) Transfers in 6,900,950 6 ,792,950 (108,000) 3,837,852 Total Other Financing Sources (Uses) 6,900,950 6 ,792,950 (108,000) 3,837,852 Change in Fund Balance (1,511,260) 4 ,724,321 6,235,581 1,573,312 Fund Balances, Beginning 8,791,7068,791,706 7,218,394- Fund Balances, Ending $ 7,280,446$ 1 3,516,027$ 6,235,581$ 8,791,706 Draft 3-12-21 101 Fiscal Year 2020 Annual Report Exhibit C-5 CITY OF LA PORTE, TEXAS SPECIAL REVENUE FUND - HOTEL/MOTEL TAX SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Sales and use taxes$ 7 50,000$ 6 01,408$ 905,590(148,592)$ Investment earnings 15,000 1 6,922 1 ,922 3 6,976 Miscellaneous - 5 ,807 5 ,807 8 ,373 Total revenues 765,000 6 24,137 ( 140,863) 950,939 Current: General government 6 46,984 4 62,493 1 84,491 444,197 Total expenditures 646,984 4 62,493 1 84,491 444,197 Excess (Deficiency) of Revenues Over (Under) Expenditures 118,016 161,644 43,628 506,742 Other Financing Sources (Uses) Transfers to other funds ( 165,500) ( 57,476) 1 08,024 (57,500) Total Other Financing Sources (Uses) (165,500) ( 57,476) 1 08,024 (57,500) Change in Fund Balance (47,484) 104,168 1 51,652 449,242 Fund Balances, Beginning 1,874,0111,874,011 - 1,424,769 Fund Balances, Ending $ 1,826,527$ 1 ,978,179$ 1 51,652$ 1,874,011 Draft 3-12-21 102 Fiscal Year 2020 Annual Report Exhibit C-6 CITY OF LA PORTE, TEXAS SPECIAL REVENUE FUND - SECTION 4B SALES TAX SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Sales and use taxes$ 3,296,7512,750,000$ $ 5 46,751$ 3,250,280 Investment earnings 50,000 3 7,574 ( 12,426) 89,116 Total revenues 2,800,000 3,334,325 5 34,325 3,339,396 Expenditures General government 656,625 253,797 4 02,828 338,341 Total expenditures 656,625 253,797 4 02,828 338,341 Excess (Deficiency) of Revenues Over (Under) Expenditures 2,143,375 3,080,528 9 37,153 3,001,055 Other Financing Sources (Uses) Transfers to other funds (2,297,772) (2,297,772) - (2,869,062) Total Other Financing Sources (Uses) (2,297,772) (2,297,772) - (2,869,062) Change in Fund Balance (154,397) 782,756 9 37,153 131,993 Fund Balances, Beginning 5,353,9495,353,949 5,221,956- Fund Balances, Ending $ 5,199,552$ 6 ,136,705$ 937,153$ 5,353,949 Draft 3-12-21 103 Fiscal Year 2020 Annual Report Exhibit C-7 CITY OF LA PORTE, TEXAS SPECIAL REVENUE FUND - STREET MAINTENANCE SALES TAX FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Sales and use taxes$ 1 ,375,000$ 273,3761,648,376$ $ 1,625,140 Investment earnings 2 5,000 27,575 2 ,575 69,528 Total revenues 1,400,000 1,675,951 2 75,951 1,694,668 Expenditures Current: Public works 3 ,932,884 1,958,677 1 ,974,207 1,428,198 Capital outlay 84,404.00 63,210 2 1,194 118,220 Total expenditures 4,017,288 2,021,887 1 ,995,401 1,546,418 Change in Fund Balance (2,617,288) ( 345,936) 2 ,271,352 148,250 Fund Balances, Beginning 3,030,9603,030,960 2,882,710- Fund Balances, Ending $ 413,672$ 2 ,685,024$ 2 ,271,352$ 3,030,960 Draft 3-12-21 104 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-8 SPECIAL REVENUE FUND - EMERGENCY SERVICES SALES TAX FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Sales and use taxes$ 1,375,000$ 1,616,922$ 241,922$ 1 ,575,139 Investment earnings 5,000 1 2,572 7 ,572 2 1,861 Total revenues 1,380,000 1 ,629,494 2 49,494 1,597,000 Expenditures Current: Public safety 1,109,050 948,583 160,467 971,655 Capital outlay 164,284 1 16,764 4 7,520 7 7,069 Total expenditures 1,273,334 1 ,065,347 2 07,987 1,048,724 Change in Fund Balance 106,666 5 64,147 457,481 548,276 Fund Balances, Beginning 1,432,5111,432,511 884,235- Fund Balances, Ending $ 1,539,177$ 1 ,996,658$ 457,481$ 1,432,511 Draft 3-12-21 105 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-9 SPECIAL REVENUE FUND - RESTRICTED FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Fines and forfeitures$ 139,500$ 177,006$ 37,506$ 236,437 Intergovernmental revenues 8 ,303,904 2,194,137(6,109,767) 991,718 Investment earnings - 2 1,554 21,554 51,269 Charges for services 5 ,850 4 29,391 423,541 126,974 Total revenues 8,449,254 2,822,088(5,627,166) 1,406,398 Expenditures Current: General government 165,950 1 02,063 6 3,887 93,089 Public safety 356,157 2,012,179(1,656,022) 341,526 Public works 53,600 9 5,315 (41,715) 96,195 Culture and recreation - 1 2,651 (12,651) 17,189 Capital outlay 7,824,953 3 09,056 7,515,897 687,724 Total expenditures 8,400,660 2,531,264 5 ,869,396 1,235,723 Change in Fund Balance 48,594 2 90,824 242,230 170,675 Fund Balances, Beginning 2,369,780 2,369,780 2,199,105- Fund Balances, Ending $ 2,418,374$ 2 ,660,604$ 242,230$ 2,369,780 Draft 3-12-21 106 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-10 2006 CERTIFICATES OF OBLIGATION FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Investment earnings-$ $ 7 4$ 7 4$ 1 83 Total revenues - 7 4 7 4 1 83 Change in Fund Balance - 7 4 7 4 1 83 Fund Balances, Beginning 7,639 7 ,639 - 7 ,456 Fund Balances, Ending $ 7,639$ 7 ,713$ 74 $ 7 ,639 Draft 3-12-21 107 Fiscal Year 2020 Annual Report Exhibit C-11 CITY OF LA PORTE, TEXAS 2010 CERTIFICATES OF OBLIGATION FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Investment earnings-$ 10,488$ $ 1 0,488$ 27,231 Total revenues 10,488- 10,488 2 7,231 Expenditures Current: Capital outlay - - - 1 00,000 Total expenditures - - - 1 00,000 Change in Fund Balance 10,488- 1 0,488 (72,769) Fund Balances, Beginning 1,112,949 1,112,949 - 1,185,718 Fund Balances, Ending $ 1,112,949$ 10,4881,123,437$ $ 1 ,112,949 Draft 3-12-21 108 Fiscal Year 2020 Annual Report Exhibit C-12 CITY OF LA PORTE, TEXAS 2015 CERTIFICATES OF OBLIGATION FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Investment earnings-$ $ 3 3,765$ 33,765$ 84,837 Total revenues - 3 3,765 3 3,765 8 4,837 Expenditures Current: General government - - - - Public works - - - - Capital outlay 28,699 9 9,959 ( 71,260) 7 31,564 Total expenditures 28,699 9 9,959 ( 71,260) 7 31,564 Change in Fund Balance (28,699) ( 66,194) ( 37,495) (646,727) Fund Balances, Beginning 2,756,495 2,756,495 - 3 ,403,222 Fund Balances, Ending $ 2,727,796$ 2 ,690,301$ ( 37,495)$ 2,756,495 Draft 3-12-21 109 Fiscal Year 2020 Annual Report Exhibit C-13 CITY OF LA PORTE, TEXAS CAPITAL PROJECTS FUND - 2017 CERTIFICATES OF OBLIGATION SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Investment earnings$ 117,101-$ $ 1 17,101$ 154,419 Total revenues - 1 17,101 1 17,101 1 54,419 Expenditures Current: Public works - 3 43,807 (343,807) 186,958 Capital outlay - 5 ,172 ( 5,172) 6 Total expenditures - 3 48,979 (348,979) 186,964 Excess (Deficiency) of Revenues Over (Under) Expenditures - ( 231,878) (231,878) (32,545) Change in Fund Balance - ( 231,878) (231,878) (32,545) Fund Balances, Beginning 10,218,031 10,218,031 - 1 0,250,576 Fund Balances, Ending $ 9,986,15310,218,031$ $ ( 231,878)$ 10,218,031 Draft 3-12-21 110 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-14 CAPITAL PROJECTS FUND - DRAINAGE IMPROVEMENTS FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2020 With comparative actual totals for the year ended September 30, 2019 Variance Final GAAP Positive BudgetActual(Negative)2019 Revenues Investment earnings7,500$ 10,794$ $ 3 ,294$ 24,828 Charges for services 2 79,000 2 92,491 1 3,491 278,509 Total revenues 286,500 3 03,285 1 6,785 303,337 Expenditures Current: Public works 780 - 7 80 3 5,720 Capital outlay 1 ,304,500 4 0,286 1 ,264,214 99,419 Total expenditures 1,305,280 4 0,286 1 ,264,994 135,139 Change in Fund Balance (1,018,780) 262,999 1 ,281,779 168,198 Fund Balances, Beginning 1,074,1751,074,175 905,977- Fund Balances, Ending $ 1,337,17455,395$ $ 1,074,1751,281,779$ Draft 3-12-21 111 Fiscal Year 2020 Annual Report Draft 3-12-21 112 Fiscal Year 2020 Annual Report Exhibit C-15 CITY OF LA PORTE, TEXAS GENERAL FUND SCHEDULE OF REVENUES - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Variance with Final Budget Budgeted AmountsActualPositive OriginalFinalAmounts(Negative) Taxes: Ad valorem: Current18,700,000$ 18,700,000$ 20,428,602$ $ 1,728,602 Delinquent144,600144,600(291,868) (436,468) Penalty and interest160,500160,500233,931 73,431 Total ad valorem 19,005,100 19,005,100 20,370,665 1,365,565 Industrial Payments14,000,00014,000,00016,439,5102,439,510 Sales Taxes5,500,0005,500,0006,591,6221,091,622 Other Taxes90,00090,00073,904(16,096) Franchise Fees: Electrical2,364,7332,364,7332,327,718(37,015) Gas140,500140,500134,202 (6,298) Telephone244,000244,000168,799(75,201) Cable265,000265,000287,858 22,858 Commercial Solidwaste90,00090,000132,276 42,276 Total Franchise Fees 3,104,233 3,104,233 3,050,853 (53,380) Charges for Services: Public safety service fees603,414603,414649,794 46,380 Health and sanitation service fees3,215,5003,215,5003,233,638 18,138 Culture and recreation fees1,675,5321,675,5321,317,992(357,540) Other service fees407,425407,4251,061,944654,519 Total Charges for Services 5,901,871 5,901,871 6,263,368 361,497 Intergovernmental - - 41,355 41,355 Licenses and permits: Building permits509,150509,150879,987370,837 Licenses17,33917,33911,345 (5,994) Total Licenses and permits 526,489 526,489 891,332 364,843 Investment income650,000650,000628,556(21,444) Fines and forfeitures1,773,0701,773,0701,554,668(218,402) Miscellaneous169,114169,114238,519 69,405 Total revenues$ 50,719,877$ 50,719,877$ 56,144,352$ 5,424,475 Draft 3-12-21 113 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-16 Page 1 of 6 GENERAL FUND SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Variance with Final Budget Budgeted AmountsActualPositive OriginalFinalAmounts(Negative) General Government Administration: Emergency Management: Personal services279,022$ 279,022$ 267,092$ 11,930$ Supplies4,884 47,884 45,200 2,684 Other services and charges102,820 118,615 83,399 35,216 Total Emergency Management386,726 445,521 395,691 49,830 General Administration: Personal services470,903$ 485,103$ 484,635$ 468 Supplies3,830 4,330 4,143 187 Other services and charges157,016 161,317 64,728 96,589 Total General Administration631,749 650,750 553,506 97,244 Community Investment: Personal services-$ -$ -$ -$ Supplies31,435 31,435 5,800 25,635 Other services and charges86,900 94,531 67,348 27,183 Total Community Investment118,335 125,966 73,148 52,818 Human Resources: Personal services287,979$ 347,079$ 309,722$ 37,357.00$ Supplies3,050 3,050 1,849 1,201 Other services and charges193,493 165,129 178,543 (13,414) Total Human Resources484,522 515,258 490,114 25,144 Information Technology Personal services653,162$ 669,262$ 649,543$ 19,719.00$ Supplies2,887 2,887 703 2,184 Other services and charges 1,659,794 1,665,868 1,605,040 60,828 Total Information Technology 2,315,843 2,338,017 2,255,286 82,731 Municipal Court: Personal services$ 787,388$ 813,388$ 826,747$ (13,359.00) Supplies and materials 26,700 26,700 20,574 6,126 Other services and charges 145,311 189,094 133,390 55,704 Total Municipal Court 959,399 1,029,182 980,711 48,471 Purchasing: Personal services$ 289,889$ 303,489$ 303,222$ 267.00 Supplies 1,450 1,450 787 663 Other services and charges 9,638 9,638 7,079 2,559 Total Purchasing 300,977 314,577 311,088 3,489 Draft 3-12-21 114 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-16 Page 2 of 6 GENERAL FUND SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Variance with Final Budget Budgeted AmountsActualPositive OriginalFinalAmounts(Negative) General Government (continued) City Secretary: Personal services380,353$ $ 368,113$ 356,759$ 11,354.00 Supplies and materials 5,950 5,950 5,281 669 Other services and charges 122,467 157,426 144,930 12,496 Total City Secretary 508,770 531,489 506,970 24,519 Legal: Personal services$ 173,963$ 162,813$ 150,773$ 12,040.00 Supplies and materials - - - - Other services and charges 21,200 32,350 10,788 21,562 Capital outlay - - - - Total Legal 195,163 195,163 161,561 33,602 City Council: Personal services$ 38,754$ 38,754$ 38,754$ - Supplies and materials 11,250 16,250 14,166 2,084 Other services and charges 26,797 21,797 19,016 2,781 Total City Council 76,801 76,801 71,936 4,865 Total Administration 5,978,285 6,222,724 5,800,011 422,713 Finance: Accounting: Personal services$ 773,602$ 830,902$ 829,884$ 1,018 Supplies 7,815 10,482 10,136 346 Other services and charges 97,419 94,752 79,629 15,123 Total Accounting 878,836 936,136 919,649 16,487 Nondepartmental: Personal services$ 678,975$ 678,975$ 636,385$ 42,590 Supplies 12,000 12,000 4,401 7,599 Other services and charges 3,397,611 2,369,170 1,315,800 1,053,370 Total Nondepartmental 4,088,586 3,060,145 1,956,586 1,103,559 Tax Office: Personal services$ 158,118$ 167,018$ 166,486$ 532 Supplies and materials 3,325 3,325 1,322 2,003 Other services and charges 309,068 314,068 312,139 1,929 Total Tax Office 470,511 484,411 479,947 4,464 Total Finance 5,437,933 4,480,692 3,356,182 1,124,510 Draft 3-12-21 115 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-16 Page 3 of 6 GENERAL FUND SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Variance with Final Budget Budgeted AmountsActualPositive OriginalFinalAmounts(Negative) General Government (continued) Planning and Engineering: Planning and Engineering: Personal services554,339$ 576,139$ 547,969$ 28,170$ Supplies8,850 8,850 4,721 4,129 Other services and charges82,133 84,744 38,510 46,234 Total Planning and Engineering645,322 669,733 591,200 78,533 Inspection: Personal services873,708$ 902,008$ 875,457$ 26,551$ Supplies35,219 38,719 30,514 8,205 Other services and charges156,780 165,854 84,183 81,671 Total Inspection1,065,707 1,106,581 990,154 116,427 Total Planning and Engineering 1,776,3141,711,029 1,581,354 194,960 Total General Government 13,127,247 12,479,730 10,737,547 1,742,183 Public Safety Fire Fire Prevention: Personal services$ 373,052$ 394,152$ 391,965$ 2,187 Supplies 8,299 8,299 5,018 3,281 Other services and charges 17,099 17,099 16,406 693 Total Fire Prevention 398,450 419,550 413,389 6,161 Fire suppression: Personal services$ 2,017,402$ 2,051,402$ 1,880,847 170,555 Supplies 71,617 71,617 64,655$ 6,962 Other services and charges 307,858 274,246 299,297 (25,051) Total Fire Suppression 2,396,877 2,397,265 2,244,799 152,466 Emergency medical services: Personal services$ 3,231,548$ 3,231,548$ 2,758,052$ 473,496 Supplies 173,727 185,166 178,786 6,380 Other services and charges 171,379 159,940 155,532 4,408 Total Emergency Services 3,576,654 3,576,654 3,092,370 484,284 Total Fire 6,371,981 6,393,469 5,750,558 642,911 Draft 3-12-21 116 Fiscal Year 2020 Annual Report Exhibit C-16 CITY OF LA PORTE, TEXAS Page 4 of 6 GENERAL FUND SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Variance with Final Budget Budgeted AmountsActualPositive OriginalFinalAmounts(Negative) Public Safety (continued) Police Police Administration: Personal services$ 764,535$ 825,435$ 822,784$ 2,651 Supplies 23,518 23,518 17,185 6,333 Other services and charges 233,020 293,210 264,495 28,715 Total Police Administration 1,021,073 1,142,163 1,104,464 37,699.00 Police Patrol: Personal services$ 6,157,846$ 6,131,346$ 4,276,079$ 1,855,267 Supplies 210,261 228,591 184,893 43,698 Other services and charges 918,912 844,824 784,693 60,131 Capital Outlay 5,449 5,449 6,238 (789) Total Police Patrol 7,292,468 7,210,210 5,251,903 1,958,307 Criminal Investigation: Personal services$ 2,180,728$ 2,197,428$ 2,183,478$ 13,950 Supplies 46,437 48,737 37,875 10,862 Other services and charges 191,110 181,110 151,557 29,553 Capital Outlay 10,000 7,700 5,849 1,851 Total Criminal Investigation 2,428,275 2,434,975 2,378,759 56,216 Support Services: Personal services$ 2,726,445$ 2,908,345$ 2,905,280$ 3,065 Supplies 89,398 98,529 88,021 10,508 Other services and charges 266,405 271,387 235,259 36,128 Total Support Services 3,082,248 3,278,261 3,228,560 49,701 Total Police 13,824,064 14,065,609 11,963,686 2,101,923 Total Public Safety 20,196,045 20,459,078 17,714,244 2,744,834 Public Works Public Works Administration: Personal services$ 699,439$ 699,439$ 538,303$ 161,136 Supplies and materials 11,026 11,856 8,793 3,063 Other services and charges 82,472 88,642 78,279 10,363 Total Public Works Administration792,937 799,937 625,375 174,562 Draft 3-12-21 117 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-16 GENERAL FUND Page 5 of 6 SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Variance with Final Budget Budgeted AmountsActualPositive OriginalFinalAmounts(Negative) Public Works (continued) Streets: Personal services$ 1,812,918$ 1,824,418$ 1,822,749$ 1,669 Supplies 132,258 133,258 91,081 42,177 Other services and charges 926,754 1,025,552 811,485 214,067 Total Streets 2,871,930 2,983,228 2,725,315 257,913 Total Public Works 3,664,867 3,783,165 3,350,690 432,475 Health and Sanitation Residential solidwaste: Personal services$ 1,468,067$ 1,547,467$ 1,604,814$ (57,347) Supplies 303,782 333,460 264,434 69,026 Other services and charges 1,246,990 1,278,312 1,258,715 19,597 Total Residential Solidwaste 3,018,839 3,159,239 3,127,963 31,276 Commercial solidwaste: Other services and charges17,50017,50017,420 80 Total Commercial Solidwaste 17,500 17,500 17,420 80 Total Health and Sanitation 3,036,339 3,176,739 3,145,383 31,356 Culture & Recreation Park Maintenance: Personal services$ 1,593,975$ 1,737,575$ 1,737,296$ 279 Supplies and materials 120,974 128,838 128,586 252 Other services and charges 882,135 882,745 863,048 19,697 Capital outlay 14,175 45,311 44,968 343 Total Park Maintenance 2,611,259 2,794,469 2,773,898 20,571 Recreation: Personal services$ 788,142$ 807,542$ 639,488$ 168,054 65,827 63,081 2,746 Supplies 65,827 Other services and charges 89,786 99,438 64,330 35,108 Capital Outlay 15,000 5,348 - 5,348 Total Recreation 958,755 978,155 766,899 211,256 Special Services: Personal services$ 396,635$ 424,835$ 406,935$ 17,900 Supplies 26,327 26,327 14,802 11,525 Other services and charges 70,698 70,698 67,716 2,982 Total Special Services 493,660 521,860 489,453 32,407 Draft 3-12-21 118 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-16 Page 6 of 6 GENERAL FUND SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL For the Year Ended September 30, 2020 Variance with Final Budget Budgeted Amounts ActualPositive OriginalFinalAmounts(Negative) Culture & Recreation (continued) Parks Administration: Personal Services536,195$ 542,695$ 542,483$ 212$ Supplies8,800 8,800 6,641 2,159 Other Services and Charges21,885 43,145 35,471 7,674 Total Parks Administration566,880 594,640 584,595 10,045 Golf Course - Club House Personal Services484,047$ 491,047$ 490,968$ 79$ Supplies66,500 66,500 59,711 6,789 Other Services and Charges73,691 74,141 67,498 6,643 Capital Outlay- - - - Total Golf Course624,238 631,688 618,177 13,511 Golf Course - Maintenance Personal Services663,802$ 716,002$ 711,929$ 4,073$ Supplies155,620 155,620 122,035 33,585 Other Services and Charges227,477 233,485 219,010 14,475 Total Golf Course1,046,899 1,105,107 1,052,974 52,133 Total Culture & Recreation 6,625,9196,301,691 6,285,996 339,923 Total General Fund $ 46,524,63146,326,189$ 41,233,860$ 5,290,771$ Draft 3-12-21 119 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-17 COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS September 30, 2020 Vehicle Employee Replacement Health FundInsuranceTechnologyTotal Assets Current Assets: Cash and cash equivalents6,801,735$ 2,289,531$ 2,486,555$ 11,577,821$ Investments119,636 38,783 42,120 200,539 Other receivables, net of allowance 3 3,648 1 3,652 Due from other governments 119,927- 119,927- Inventories 53,487 - 53,487- Total Current Assets 6,974,861 2,451,889 2,528,676 11,955,426 Noncurrent Assets: Capital assets: Equipment 19,761,542 972,593- 20,734,135 Less accumulated depreciation(12, 416,023) (644,451)- (13,060,474) Total Non-Current Assets 7,345,519 328,142- 7,673,661 Total Assets 14,320,380 2,451,889 2,856,818 19,629,087 Liabilities Current liabilities: Accounts payable 14,720 67,072 81,792- Accrued liabilities 20,226 1,863 22,089- Claims and judgments 640,338- 640,338- Total Current Liabilities 34,946 709,273 744,219- Noncurrent Liabilities: Accrued compensated absences 45,612 - 45,612- Total Noncurrent Liabilities 45,612 - 45,612- Total Liabilities 80,558 709,273 789,831- Ne t Position Invested in capital assets 7,345,519 328,142- 7,673,661 Unrestricted6,894,3031,742,6162,528,67611,165,595 Total Net Position $ 14,239,822$ 1,742,616$ 2,856,818$ 18,839,256 Draft 3-12-21 120 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-18 COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS For the Year Ended September 30, 2020 Vehicle Employee Replacement Health FundInsuranceTechnologyTotal Operating Revenues Charges for Services3,617,278$ 6,168,078$ 414,736$ 10,200,092$ Other6,225 27,030 - 33,255 Total Operating Revenues 6,195,1083,623,503 414,736 10,233,347 Operating Expenses Personnel876,373 274,462 - 1,150,835 Supplies and materials551,029 7,670,179 54,303 8,275,511 Depreciation1,638,991 - 213,886 1,852,877 Total Operating Expenses 7,944,6413,066,393 268,189 11,279,223 Operating Income (Loss) 557,110 (1,749,533) 146,547 (1,045,876) Non-Operating Revenues Investment Earnings 56,246 5,234 22,635 84,115 Gain/loss on disposal of capital assets 58,542 - - 58,542 Total Non-Operating Revenues 114,788 5,234 22,635 142,657 Income (Loss) Before Contributions and Transfers 671,898 (1,744,299) 169,182 (903,219) Contributions and Transfers Transfers from other funds 2,715,061- 2,715,061- Transfers (to) other funds (20,585) - (20,585)- r Total Contributions and Transfe (20,585) 2,715,061 2,694,476- Change in Net Position 651,313 970,762 169,182 1,791,257 Net position, beginning 13,588,509 771,854 2,687,636 17,047,999 Net position, Ending $ 14,239,822$ 1,742,616$ 2,856,818$ 18,839,256 Draft 3-12-21 121 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Exhibit C-19 COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS For the Year Ended September 30, 2020 Vehicle Employee Replacement Health FundInsuranceTechnologyTotal Cash Flows from Operating Activities Receipts from customers3,622,787$ $ 6 ,198,381$ 417,031$ 10,238,199 Disbursed for personnel services (863,678) (273,929) (1,137,607)- Disbursed for goods and services to suppliers (567,975) (7,576,618) (54,303) (8,198,896) Net Cash Provided (Used) by Operating Activities 2,191,134 (1,652,166) 362,728 901,696 Cash Flows From Noncapital Financing Activities Transfer from other funds 2,715,061- 2,715,061- Transfers to other funds (20,585) - (20,585)- Net Cash Provided (Used) by Noncapital Financial Activities (20,585) 2,715,061 2,694,476- Cash Flows from Capital & Related Financing Activities Acquisition and construction of capital assets (869,858) - (174,288) (1,044,146) Financing Activities (869,858) - (174,288) (1,044,146) Cash Flows from Investing Activities Interest received 56,246 5,234 22,635 84,115 Sale of investments 1,345,568 2 82,817 549,334 2,177,719 Net Cash Provided (Used) by Investing Activities 1,401,814 2 88,051 571,969 2,261,834 Net Increase (Decrease) in Cash and Cash Equivalents 2,702,505 1,350,946 760,409 4,813,860 Cash and Cash Equivalents, Beginning 4,099,230 9 38,585 1,726,146 6,763,961 Cash and Cash Equivalents, Ending $ 6,801,735$ 2 ,289,531$ 2,486,555$ 11,577,821 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss)$ 557,110$ (1,749,533)$ 146,547(1,045,876) Adjustments to reconcile operating income to net cash used by operating activities: Depreciation 1,638,991 - 213,886 1,852,877 (Increase) decrease in accounts receivable 5,509 3,273 2,295 11,077 (Increase) in inventories (5,173) - - (5,173) Increase (decrease) in accounts payable (17,998) 5 1,701 - 33,703 Increase (decrease in accrued liabilities 4,762 5 33 - 5,295 Increase (decrease) in claims - 4 1,860 - 41,860 Increase (decrease) in compensated absences 7,933 - - 7,933 Net Cash Provided (Used) by Operating Activities $ (1,652,166)2,191,134$ 362,728$ 901,696$ Draft 3-12-21 122 Fiscal Year 2020 Annual Report STATISTICAL SECTION Draft 3-12-21 123 Fiscal Year 2020 Annual Report Draft 3-12-21 124 Fiscal Year 2020 Annual Report STATISTICAL SECTION This part of the City's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures and required supplementary information says about the City's overall financial health. Contents Page Financial Trends These schedules contain trend information to help the reader understand 126 how the City's financial performance and well-being have changed over time. Revenue Capacity These schedules contain information to help the reader assess the City's 137 most significant local revenue source, the property tax. Debt Capacity These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's 144 ability to issue additional debt in the future. Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial 148 activities take place. Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the 150 services the City provides and the activities it performs. Sources - Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial report for the relevant year. Draft 3-12-21 125 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS NET POSITION BY COMPONENT Last Ten Fiscal Years (accrual basis of accounting) 20112012201320142015 Governmental Activities Investment in capital assets 37,323,705$ $ 46,813,655$ 49,304,074$ 54,506,024$ 43,582,704 Restricted 8,060,185 8,728,729 8,902,103 11,088,233 14,507,643 Unrestricted 26,859,397 21,621,240 22,529,801 18,634,881 21,693,064 Total Governmental Activities Net Position $ 72,243,287$ 77,163,624$ 80,735,978$ 84,229,138$ 79,783,411 Business-type Activities Investment in capital assets 37,606,236$ $ 37,566,663$ 36,347,233$ 35,872,947$ 34,807,773 Restricted 680,136 559,309 2,096,178 1,930,369 1,250,850 Unrestricted 4,199,014 3,790,669 2,300,991 2,669,258 4,110,877 Total Business-type Activities Net Position $ 42,485,386$ 41,916,641$ 40,744,402$ 40,472,574$ 40,169,500 Primary Government Net investment in capital assets 74,929,942$ $ 84,380,318$ 85,651,307$ 90,378,971$ 78,390,477 Restricted 8,740,321 9,288,038 10,998,281 13,018,602 15,758,493 Unrestricted 31,058,411 25,411,910 24,830,792 21,304,139 25,803,941 Total Primary Government Net Position $ 114,728,674$ 119,080,266$ 121,480,380$ 124,701,712$ 119,952,911 Draft 3-12-21 126 Fiscal Year 2020 Annual Report Table 1 20162017201820192020 $ 44,468,91848,367,017$ 43,421,145$ 53,011,914$ 52,403,864$ 24,105,85217,854,935 31,025,084 30,280,877 39,484,824 26,907,44523,690,222 1,505,194 9,893,735 16,224,220 $ 95,482,21589,912,174$ 75,951,423$ 93,186,526$ 108,112,908$ $ 33,782,62434,291,664$ 32,199,968$ 31,735,493$ 32,582,335$ 520,000846,400 - - - 7,661,0805,344,130 8,011,016 8,371,707 6,709,781 $ 41,963,70440,482,194$ 40,210,984$ 40,107,200$ 39,292,116$ $ 78,251,54182,658,681$ 75,621,113$ 84,747,407$ 84,986,199$ 24,625,85118,701,335 31,025,084 30,280,877 39,484,824 34,568,52529,034,352 9,516,210 18,265,442 22,934,001 $ 137,445,917130,394,368$ 116,162,407$ 133,293,726$ 147,405,024$ Draft 3-12-21 127 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS CHANGES IN NET POSITION Last Ten Fiscal Years (accrual basis of accounting) 20112012201320142015 Expenses Governmental Activities General government$ 14,574,511$ 14,091,176$ 13,854,988$ 14,115,210$ 12,962,387 Public safety 16,305,997 17,374,566 17,765,388 20,436,450 19,081,622 Public works 6,279,510 3,784,047 4,451,455 6,259,764 4,088,146 Health, welfare and sanitation 2,453,634 2,423,898 2,327,982 2,519,298 5,748,206 Culture and recreation 6,032,602 6,361,313 5,721,611 5,854,546 3,497,174 Interest on long-term debt 1,871,431 1,268,112 1,384,875 1,403,628 1,585,354 Total Governmental Activities Expenses 47,517,685 45,303,112 45,506,299 50,588,896 46,962,889 Business-type activities Water services 6,942,077 7,691,088 8,207,204 7,731,776 5,064,287 Sewer services 3,093,526 2,932,057 2,598,649 2,802,013 4,347,309 Airport 194,392 182,700 210,323 229,603 230,006 Bay Forest Golf Course - - - - - Total Business-type Activities Expenses 10,229,995 10,805,845 11,016,176 10,763,392 9,641,602 Total Primary Government Expenses $ 57,747,680$ 56,108,957$ 56,522,475$ 61,352,288$ 56,604,491 Program Revenues Governmental Activities Charges for services General government$ 711,994$ 843,898$ 645,517$ 825,532$ 3,981,230 Public safety3,506,2543,127,5953,313,7353,208,2561,664,782 Public works 329,502 267,534 265,962 269,830 336,917 Health, welfare and sanitation 2,046,369 2,197,491 2,204,153 2,223,234 2,255,095 Culture and recreation 1,474,247 1,384,810 1,444,002 1,509,412 2,057,253 Operating grants and contributions General government 7,649 239,654 2,841 2,982 - Public safety 610,967 431,076 433,367 545,738 307,016 Public works 427,732 766,127 20,168 258,119 23,143 Health, welfare and sanitation Culture and recreation 107,419 78,348 393,035 1,207,958 1,205 Capital grants and contributions General government - - - - - Public works 1,338 644 470 292 3,030,480 Total Governmental Activities Program Revenues 9,223,471 9,337,177 8,723,250 10,051,353 13,657,121 Business-type Activities Charges for services: Water services 6,267,432 6,054,683 5,693,598 5,406,545 4,308,578 Sewer services 3,534,535 3,600,979 3,420,370 3,422,627 3,587,825 Airport 56,429 28,340 56,246 56,157 59,181 Bay Forest golf Course - - - - - Sylvan Beach Convention Center - - - - - Capital grants and contributions 1,441,674 858,431 1,398,291 1,125,777 787,285 Total Business-type Activities Program Revenues 11,300,070 10,542,433 10,568,505 10,011,106 8,742,869 Total Primary Government Program Revenues $ 20,523,541$ 19,879,610$ 19,291,755$ 20,062,459$ 22,399,990 Net (Expense)/Revenue Governmental activities$ (38,294,214)$ (35,965,935)$ (36,783,049)$ (40,537,543)$ (33,305,768) Business-type activities 1,070,075 (263,412) (447,671) (752,286) (898,733) Total Primary Government Net Expense $ (37,224,139)$ (36,229,347)$ (37,230,720)$ (41,289,829)$ (34,204,501) Draft 3-12-21 128 Fiscal Year 2020 Annual Report Table 2 Page 1 of 2 20162017201820192020 $ 15,735,97614,255,413$ 15,832,003$ 15,519,147$ 16,563,557$ 21,446,42121,114,939 21,673,188 21,356,779 22,524,843 4,930,7214,422,464 9,796,326 7,818,696 7,341,608 3,899,6786,059,896 4,685,795 4,016,465 4,861,680 6,177,5543,439,722 6,513,794 6,932,569 5,884,793 2,506,0041,782,508 1,059,007 900,287 3,219,632 54,696,35451,074,942 59,560,113 56,543,943 60,396,113 6,269,3564,985,902 8,788,113 7,985,233 8,675,713 4,267,9014,374,763 1,926,133 1,769,830 2,847,640 210,324210,590 133,093 157,008 213,024 -- - - - 10,747,5819,571,255 10,847,339 9,912,071 11,736,377 $ 65,443,93560,646,197$ 70,407,452$ 66,456,014$ 72,132,490$ $ 2,538,4773,035,577$ 3,397,779$ 4,067,810$ 3,061,645$ 1,913,2891,553,8721,125,3452,217,6551,613,135 343,682 354,096 267,358 278,509 292,491 2,244,061 2,401,783 2,231,727 2,247,869 2,456,967 1,614,085 1,584,863 1,547,786 1,676,381 1,713,104 - - - - - 436,375 1,119,223 352,886 1,286,4982,135,502 17,731 123,435 2,559 15,43512,678 756 751 650 1,4431,184 - - 57,474 - - 607,357 582,045 537,786 596,878 109,372 10,212,913 10,258,545 9,521,350 12,388,478 11,396,078 4,795,719 5,982,350 8,726,710 8,389,773 8,724,320 3,652,071 3,551,728 1,320,816 1,109,495 1,256,463 62,849 60,651 61,879 58,971 46,874 - - - - - - - - - - 534,168 126,359 126,359 262,977 - 9,044,807 9,721,088 10,235,764 9,821,216 10,027,657 $ 19,257,720$ 19,979,633$ 19,757,114$ 22,209,694$ 21,423,735 $ (40,862,029)$ (44,437,809)$ (50,038,763)$ (44,155,465)$ (49,000,035) (526,448) (1,026,493) (611,575) (90,855) (1,708,720) $ (41,388,477)$ (45,464,302)$ (50,650,338)$ (44,246,320)$ (50,708,755) Draft 3-12-21 129 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS CHANGES IN NET POSITION Last Ten Fiscal Years (accrual basis of accounting) 20112012201320142015 General Revenues and Other Changes in Net Position Governmental Activities Property taxes$ 17,163,861$ 17,251,131$ 17,782,090$ 19,925,095$ 20,765,774 Industrial payments 10,192,582 10,471,444 11,107,848 11,554,949 12,269,152 Sales and use taxes 6,235,537 8,267,162 8,717,613 10,104,500 10,743,862 Franchise taxes 2,195,824 2,311,944 2,184,020 2,252,404 2,411,827 Investment earnings 216,465 142,951 84,170 106,024 204,346 Other revenues 374,727 167,922 432,405 458,770 164,004 Gain/(Loss) no sale of capital assets 4,244,239 1,939,699 - - - Transfers 2,706,874 334,029 720,356 (371,039) (1,504,570) Total Governmental Activities 43,330,109 40,886,282 41,028,502 44,030,703 45,054,395 Business-type Activities Investment earnings 33,243 12,309 8,468 8,624 25,440 Other revenues 6,622 16,387 36,378 100,795 - Miscellaneous - - - - - Transfers (2,706,874) (334,029) (720,356) 371,039 1,504,570 Total Business-type Activities (2,667,009) (305,333) (675,510) 480,458 1,530,010 Total Primary Government $ 40,663,100$ 40,580,949$ 40,352,992$ 44,511,161$ 46,584,405 Change in Net Position Governmental activities$ 5,035,895$ 4,920,347$ 4,245,453$ 3,493,160$ 11,748,627 Business-type activities (1,596,934) (568,744) (1,123,181) (271,828) 631,277 Total Primary Government $ 3,438,961$ 4,351,603$ 3,122,271$ 3,221,332$ 12,379,904 Draft 3-12-21 130 Fiscal Year 2020 Annual Report Table 2 Page 2 of 2 20162017201820192020 $ 23,857,65424,098,174$ 25,413,898$ 26,484,216$ 29,727,747$ 14,270,89914,377,602 14,147,728 14,899,624 16,439,510 10,859,2159,862,705 12,544,803 13,944,027 13,828,983 2,252,2532,300,464 2,621,035 3,035,844 3,050,853 563,868380,268 1,228,759 2,414,593 1,158,855 601,136766,683 251,508 251,400 487,092 -- - - - (2,397,175)(795,104) (1,922,963) 360,864 (766,623) 50,007,85050,990,792 54,284,768 61,390,568 63,926,417 110,82844,038 152,557 360,285 147,897 -- - - - -- - (12,350) (20,884) 2,397,175795,104 1,922,963 (360,864) 766,623 2,508,003839,142 2,075,520 (12,929) 893,636 $ 52,515,85351,829,934$ 56,360,288$ 61,377,639$ 64,820,053$ $ 5,570,04110,128,763$ 4,246,005$ 17,235,103$ 14,926,382$ 1,481,510312,694 1,463,945 (103,784) (815,084) $ 10,441,457$ 7,051,551$ 5,709,950$ 17,131,319$ 14,111,298 Draft 3-12-21 131 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS FUND BALANCES OF GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) 20112012201320142015 General Fund Nonspendable$ 138,607$ 94,401$ 125,190$ 102,775$ 88,954 Restricted - - - - - Committed - 3,500,000- 8,500,000 7,000,000 Assigned 95,923 30,003 103,690 78,182 257,147 Unassigned 19,118,624 23,840,153 23,856,087 21,294,383 25,216,547 Total General Fund $ 19,353,154$ 23,964,557$ 27,584,967$ 29,975,340$ 32,562,648 All Other Governmental Funds Restricted$ 14,084,212$ 12,572,942$ 12,193,956$ 14,177,078$ 24,421,383 Committed 9,078,724 6,553,417 5,585,628 2,961,849 1,916,608 Assigned - - - - - Unassigned (30,832)- - (790) - Total All Other Governmental Funds $ 23,162,936$ 19,095,527$ 17,779,584$ 17,138,137$ 26,337,991 Draft 3-12-21 132 Fiscal Year 2020 Annual Report Table 3 20162017201820192020 $ 102,05889,165$ 122,784$ 163,083$ 158,899$ -- - - - 2,000,0006,000,000 - - - 297,3594,439,879 420,854 134,391 365,294 40,500,14729,385,827 46,763,435 57,312,783 63,999,734 $ 42,899,56439,914,871$ 47,307,073$ 57,610,257$ 64,523,927$ $ 34,573,65824,860,811$ 41,275,328$ 44,362,333$ 53,408,210$ 4,555,8702,977,676 - - - -- - - - -- - - - $ 39,129,52827,838,487$ 41,275,328$ 44,362,333$ 53,408,210$ Draft 3-12-21 133 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) 20112012201320142015 Revenues Taxes 35,760,570$ 38,352,720$ 39,834,904$ 43,837,240$ 46,155,069$ Donations- - - - - Licenses and permits312,962 465,052 368,130 497,756 1,346,552 Fines and forfeitures1,723,590 1,758,101 1,886,763 1,790,849 1,953,698 Charges for services5,680,416 5,957,389 6,008,845 6,305,127 6,994,772 Intergovernmental917,206 1,239,434 568,052 1,572,360 3,195,238 Interest193,301 128,939 76,027 96,409 184,029 Miscellaneous241,670 36,354 425,845 261,204 398,872 Total Revenues 44,829,715 47,937,989 49,168,566 54,360,945 60,228,230 Expenditures General government 10,288,502 10,461,877 11,043,438 13,828,179 11,953,166 Public safety 15,688,305 15,751,731 16,321,608 17,428,040 17,698,818 Public works 3,118,074 3,438,629 3,247,404 3,432,583 2,916,113 Health and sanitation 2,182,184 2,225,768 2,244,341 2,334,184 2,457,565 Culture and recreation 5,313,523 5,260,591 5,226,886 5,440,724 5,727,700 Debt service: Principal 1,740,000 2,170,000 2,365,000 2,640,000 4,625,582 Interest 1,871,371 1,519,769 1,385,204 1,217,883 1,589,644 Bond issuance cost 150,897- 153,884- - Capital outlay 8,713,827 8,583,249 5,499,508 5,446,287 6,331,893 Total Expenditures 48,915,786 49,562,511 47,333,389 51,921,764 53,300,481 (Deficiency) of Revenues (Under) Expenditures (4,086,071) (1,624,522) 1,835,177 2,439,181 6,927,749 Other Financing Sources (Uses) General obligation bonds issued 6,265,000 - - - - Refunding bonds issued 4,295,000 9,435,000- 9,300,000- Certificate obligation bonds issued - - - - - Premium on refunding bonds issued 224,008 364,013- 608,166- Premium on certificate obligations - - - - - Payment to refunding bond escrow agent(4,409,763) (9,638,626)- (9,749,587)- Transfers in 9,158,123 4,248,140 2,710,677 3,883,920 3,911,990 Transfers out (10,545,233) (5,011,924) (2,643,894) (3,629,974) (4,761,324) Sale of capital assets 5,024 6,822,126 1,941,346 215,342 500 Insurance recoveries - - - - - Total Other Financing Sources (Uses) 4,992,159 6,058,342 2,168,516 469,288 (690,255) Net Change in Fund Balances $ 906,088$ 4,433,820$ 4,003,693$ 2,908,469$ 6,237,494 Debt service as a percentage of noncapital expenditures 9.0%9.0%9.0%8.3%13.2% Draft 3-12-21 134 Fiscal Year 2020 Annual Report Table 4 Page 2 of 2 20162017201820192020 $ 51,574,72250,376,219$ 54,591,769$ 58,567,086$ 62,839,456$ -- - - - 535,741596,451 668,808 1,344,447 891,332 1,965,2491,996,073 2,092,419 3,269,711 1,731,674 6,069,2486,555,228 5,953,581 6,062,901 6,555,859 1,077,8931,024,097 893,006 1,129,654 2,235,492 531,369349,551 1,157,443 2,215,142 1,074,740 517,828728,390 298,792 451,362 673,717 62,272,05061,626,009 65,655,818 73,040,303 76,002,270 13,301,71811,706,047 14,486,950 11,641,780 12,614,437 18,873,27618,323,687 18,377,804 19,892,523 20,675,006 4,161,3993,028,953 4,429,378 5,012,265 5,748,489 2,730,3082,644,295 2,871,114 2,977,561 3,145,383 5,998,4525,848,613 6,332,061 7,220,144 6,714,468 4,178,6294,281,085 3,370,000 6,744,168 5,698,487 1,385,1221,451,075 1,156,923 1,180,817 970,079 -- - - 4,439,319 3,840,207 3,428,834 2,895,238 2,248,502 51,723,074 54,469,111 54,453,064 57,564,496 57,814,851 9,902,935 7,802,939 11,202,754 15,475,807 18,187,419 - 10,635,000- - - 3,165,000- - 2,705,000- 7,770,000 - - - - 403,795- - 352,246- 365,502 - - - - (3,490,716)- - (2,982,662)- 3,069,474 2,851,124 3,684,995 5,166,476 8,107,090 (6,556,417) (3,979,419) (7,849,825) (7,252,094) (10,474,693) - 2,625- 65,147- 210,854 - - - - 4,859,413 (1,050,216) 6,472,795 (2,085,618) (2,227,872) $ 14,762,348$ 6,752,723$ 17,675,549$ 13,390,189$ 15,959,547 12.1%10.8%8.6%14.9%12.6% Draft 3-12-21 135 Fiscal Year 2020 Annual Report Draft 3-12-21 136 Fiscal Year 2020 Annual Report Table 5 CITY OF LA PORTE, TEXAS ASSESSED VALUE AND ESTIMATED VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years Assessed Value Fiscal YearLessLess OtherTotal TaxableTotalEstimatedas a Percent of EndedReal PersonalTax-ExemptExemptions &AssessedDirectActual TaxableActual Taxable June 30PropertyPropertyReal PropertyAbatementsValueTax RateValueValue 20112,055,914,368$ $ 672,621,147$ 514,928,797-$ $ 2,213,606,718 0.71000$ 2,213,606,718100% 20122,079,843,021 720,515,678 535,441,621- 2,264,917,078 0.71000 2,264,917,078100% 20132,080,199,179 797,558,553 536,721,284- 2,341,036,448 0.71000 2,341,036,448100% 20142,176,582,621 986,494,475 590,232,231- 2,572,844,865 0.71000 2,572,844,865100% 20152,626,580,963 745,093,978 617,133,762- 2,754,541,179 0.71000 2,754,541,179100% 20162,692,041,032 978,850,207 629,133,265- 3,041,757,974 0.71000 3,041,757,974100% 20173,025,879,671 880,297,401 751,959,455- 3,154,217,617 0.71000 3,154,217,617100% 20183,270,392,733 830,253,210 814,706,643- 3,285,939,300 0.71000 3,285,939,300100% 20193,376,299,841 824,946,153 800,377,875- 3,400,868,119 0.71000 3,400,868,119100% 20203,734,338,555 986,876,974 885,861,578- 3,835,353,951 0.71000 3,835,353,951100% Source - Harris County Certified Tax Rolls and Corrections. Draft 3-12-21 137 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS Last Ten Fiscal Years 2011201220132014 City of La Porte by fund: General0.605000.605000.640000.61400 Debt service0.105000.105000.070000.09600 Total Direct Rates 0.710000.710000.710000.71000 Harris County Flood Control District0.028090.028090.028270.02736 Harris County 0.391170.400210.414550.41731 Port of Houston Authority0.018560.019520.017160.01531 Harris County Board of Education0.006580.006620.006360.00600 Hospital District0.192160.182160.170000.17000 La Porte ISD1.355001.330001.330001.33000 San Jacinto Jr. College District0.185600.185600.185600.18560 2.887162.862202.861942.86158 Total Direct and Overlapping Rates Tax rates per $100 of assessed valuation Source: Harris County Appraisal District Draft 3-12-21 138 Fiscal Year 2020 Annual Report Table 6 201520162017201820192020 0.605000.605000.605000.605000.605000.60500 0.105000.105000.105000.105000.105000.10500 0.710000.710000.710000.710000.710000.71000 0.027330.028290.028310.028780.027920.03142 0.419230.416560.418010.418580.407130.39116 0.013420.013340.012560.011550.010740.00991 0.005400.005200.005200.005190.005000.00499 0.170000.171790.171100.171080.165910.16671 1.450001.420001.380001.380001.280001.26970 0.175780.182380.183340.179330.178170.17933 2.971162.947562.908522.904512.784872.76322 Draft 3-12-21 139 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Table 7 PRINCIPAL PROPERTY TAXPAYERS Current Year and Nine Years Ago 20202011 % of% of Taxable Total TaxableTaxable Total Taxable Assessed AssessedAssessed Assessed TaxpayerValueRankValueValueRankValue 2020 Liberty Property$ 175,836,85714.58% Hrus Underwood LLC162,679,61924.24% MRC Global (USA) Inc75,368,32831.97% Dow Chemical57,989,84541.51% Equistar Chemicals LP48,225,30551.26% DNOW LP43,575,65461.14% Oxy Vinyls LP40,697,85971.06% INEOS USA LLC39,249,78081.02% Centerpoint Energy Inc30,184,57790.79% Noltex LLC23,884,227100.62% 2011 Concoco Phillips Co.$ 55,242,52312.50% Oxy Vinyls LP49,177,14922.22% Equistar Chemicals LP47,420,61832.14% Granite Underwood Dist Ctr LP44,944,71242.03% Ineos USA LL38,042,28051.72% Underwood Distribution Ctr.30,200,00061.36% Wilson Supply30,036,39271.36% PPG Industries Inc22,420,19681.01% Centerpoint Energy Inc.21,295,31390.96% Port Crossing Land LP21,118,156100.95% Subtotal697,692,05118.19%359,897,33916.26% Other Taxpayers3,137,661,90081.81%1,853,709,37983.74% Total $ 3,835,353,951100.00%2,213,606,718$ 100.00% Draft 3-12-21 140 Fiscal Year 2020 Annual Report Table 8 CITY OF LA PORTE, TEXAS PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years Collected within the Fiscal YearTaxes leviedFiscal Year of the LevyCollectionsTotal Collections to Date Endedfor% ofin Subsequent% of September 30Fiscal YearAmountLevyYearsAmountLevy 201115,871,498$ 15,599,930$ 98.3%$ 2 66,036$ 15,865,966100.0% 201216,080,91115,860,66498.6%225,589 16,086,253100.0% 201316,621,36116,518,20799.4%172,155 16,690,362100.4% 201418,267,20118,090,45699.0%234,842 18,325,298100.3% 201519,514,40219,304,48698.9%51,781 19,356,26799.2% 201621,596,46321,299,84898.6%202,798 21,502,64699.6% 201722,269,06322,109,02999.3%(73,712) 22,035,31799.0% 201823,125,07222,798,48898.6%(76,679) 22,721,80998.3% 201923,814,36723,722,01299.6%(134,067) 23,587,94599.0% 202026,752,70026,452,70898.9% 26,452,708- 98.9% * Shows a negative amount due to the refund of taxes. Draft 3-12-21 141 Fiscal Year 2020 Annual Report Draft 3-12-21 142 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Table 9 RATIOS OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years Governmental ActivitiesBusiness-type Activities Fiscal YearGeneralCertificatesTotal% of EndedObligationofLimitedRevenueOther*PrimaryPersonalPer September 30BondsObligationTax BondsBondsObligationsGovernmentIncome Capita 2011$ 10,940$ 25,605$ 3,780$ - $ 4,813$ 45,1380.005%$ 1,322 2012 17,050 20,150 1,620 - 3,945 42,7650.005%1,212 2013 16,875 18,905 1,350 - 3,117 40,2470.004%1,165 2014 23,726 10,845 540 - 2,208 37,3190.004%1,072 2015 21,220 17,230 - - 930 39,3800.004%891 2016 22,815 12,335 - - 320 35,4700.003%991 2017 21,090 11,210 - - - 32,3000.003%1,086 201818,895 20,670 - - - 39,5650.004%1,119 201916,425 19,405 - - - 35,8300.003%1,011 202016,650 15,185 - - - 31,8350.003%1,011 Note: Details regarding the City's outstanding debt can be found in the note to the financial statements. See Demographic and Economic Statistics for personal income and population data. * Includes premium on bonds. Draft 3-12-21 143 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Table 10 RATIOS OF NET GENERAL BONDED DEBT TO TAXABLE VALUE GENERAL BONDED DEBT PER CAPITA, AND TAXABLE VALUE OF ALL PROPERTY Last Ten Fiscal Years Ratio of Fiscal YearGeneralLessBonded Debt Percentage of EndedTaxObligationCertificates ofDebt ServiceNet Bondedto AssessedPersonal September 30YearBondsObligationFundDebtValueIncome (2)Per Capita (2) 20112010$ 15,163$ 25,605$ 3,113$ 37,6551.7%0.004%$ 1,119 20122011 19,410 20,150 3,091 36,4691.7%0.004% 1,077 20132012 18,225 18,905 2,490 34,6401.6%0.004% 1,015 20142013 24,26610,845 2,769 32,3421.5%0.003% 938 20152014 22,62117,230 3,161 36,6901.3%0.004% 1,056 20162015 24,44212,335 3,541 33,2361.3%0.003% 952 20172016 22,57121,845 3,883 40,5331.0%0.004% 1,161 20182017 20,23020,6704,39836,502 0.9%0.003% 1,045 20192018 17,49319,4054,49232,406 1.0%0.003% 915 2020201917,84015,1855,01428,011 1.0%0.003% 801 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. (2) Population data can be found in the demographic and economic statistics table. Draft 3-12-21 144 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Table 11 Direct and Overlapping Governmental Activities Debt As of September 30, 2020 Estimated EstimatedShare of Debt PercentageOverlapping Governmental UnitOutstandingApplicableDebt Debt repaid with property taxes Harris County1,867,957,125$ 0.71%13,262,496$ Harris County Department of Education6,320,000 0.71%44,872 Harris County Flood Control District334,270,000 0.71%2,373,317 Harris County Toll Road -0.71%- Harris County Hospital District86,050,000 0.71%610,955 La Porte I. S. D.331,150,000 41.45%137,261,675 Porte of Houston Authority 0.71%3,650,638514,174,397 San Jacinto Jr. College District 480,440,4146.29%30,219,702 Total Net Overlapping Debt$ 3,620,361,936 187,423,655 City of La Porte Direct Debt* $ 33,025,47233,025,472 Total Direct and Overlapping Debt $ 220,449,127 *Approximately $19,668,027 of the city's outstanding debt is self supporting. Source: Texas Municipal Reports Percentage are based on total property values. Source : Texas Municipal Reports Percentages are based on total property values. Draft 3-12-21 145 Fiscal Year 2020 Annual Report Table 12 CITY OF LA PORTE, TEXAS DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Fiscal Years Fiscal YearPer Capita EndedPersonalPersonalMedianSchoolUnemployment September 30Population (1)Income (2)Income (2)Age (3)Enrollment (4)Rate (5) 2011 33,639$ 880,399,908$ 26,172 7,732339.0% 2012 33,859 878,708,768 2 5,952 7,739346.3% 2013 34,127 917,811,538 2 6,894 7,729366.3% 2014 34,473 937,182,978 2 7,186 7,634365.0% 2015 34,746 1,001,483,958 2 8,823 7,648374.6% 2016 34,922 1,052,095,094 3 0,127 7,753375.8% 2017 34,922 1,052,095,094 3 0,127 7,713375.8% 2018 34,922 1,052,095,094 3 0,127 7,575374.6% 2019 35,423 1,098,608,922 3 1,014 7,340384.1% 2020 34,976 1,103,667,680 3 1,555 3 87,19910.6% N/A - information not available. Data sources: (1) Estimated population provided by US Census Bureau. (2) Personal income and per capita personal income is currently unavailable. (3) Median age data prior to 2010 is not available, medium age provided by 2010 Census. (4) School enrollment provided by La Porte Independent School District (5 ) Unemployment rates provided from the bureau of Labor Statistics Draft 3-12-21 146 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS Table 13 Principal Employers Current Year and Nine Years Ago 2020 2011 PercentagePercentage of Total Cityof Total City EmployerEmployeesEmploymentEmployerEmployeesEmployment LyondellBasell1,6358.66%La Porte ISD1,0714.20% La Porte ISD1,0595.61%Rockwood Service Corp.7002.55% Dupont Chemical5452.89%Longview Inspection Corp.6642.41% Force Corporation5002.65%Quest Tru TEC6362.31% J V Piping4402.33%Oxy Vinyls, LP5301.93% Total Petrochemicals & Rfining4092.17%City of La Porte3811.38% City of La Porte3902.07%Ineos3501.27% Ineos3852.04%Equistar Chemicals, LP3341.21% Sulzer Turbomachinery Services3852.04%Sulzer Hickham3301.20% Brand Safway3822.02%Air Liquide1700.62% Total6,13032.46%Total5,16619.08% Source: CenterPoint Energy Note: This list includes companies within the City limits of La Porte and within the industrial districts. Draft 3-12-21 147 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS FULL-TIME EQUIVALENT CITY GOVERNMENTAL EMPLOYEES BY FUNCTION Last Ten Fiscal Years Full-time Equivalent Employees as of September 30 Function20112012201320142015 General government9090888889 Public safety144151152154154 Public works3232303030 Health and sanitation2424232323 Culture and recreation4646424242 Water services2525252425 Sewer services2020202020 Total 381388380381383 Source: City of La Porte Human Resource Department Draft 3-12-21 148 Fiscal Year 2020 Annual Report Table 14 Full-time Equivalent Employees as of September 30 20162017201820192020 8989908990 154154155155156 3033353534 2223232323 4442424242 2525252525 2020202020 384386390389390 Draft 3-12-21 149 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS OPERATING INDICATORS BY FUNCTION/PROGRAM Last Ten Fiscal Years Function20112012201320142015 Police Physical arrests2,354 2,311 2 ,205 2 ,032 2,152 Tickets processed14,619 13,221 13,861 14,151 14,316 Fire Number of calls answered1,483 1,195 1 ,219 1 ,262 1,378 Inspections 725 812 1,020950 383 Highways and streets Street resurfacing (linear feet)60,472 69,580 13,520 11,183 11,172 Potholes repaired465 1 ,173 271 165 342 Sanitation Cubic yards of garbage collected 42,58927,961 30,625 54,812 50,945 Cubic yards of trash collected 54,64145,778 32,137 40,701 31,518 Culture and recreation Fitness center admissions 64,989 64,58764,279 90,765 67,794 Water Number of water meters 1 2,061 1 2,129 12,234 12,321 12,431 Average daily consumption 4.64.343.83.9 (millions of gallons)666311379411200 Water main breaks Wastewater Average daily sewage treatment 2.83.32.72.63.8 (thousands of gallons) Golf Course Number of paid rounds played 34,848 32,25734,038 32,741 29,965 Source - Various City departments. Draft 3-12-21 150 Fiscal Year 2020 Annual Report Table 15 20162017201820192020 2,399 1,826 1,968 2,097 1,397 13,231 11,900 15,605 16,695 10,412 1,356 1,532 1,536 1,636 1,546 1,025 852 5 50 1,102 850 22,172 18,602 13,015 20,332 9,700 236 118 2 31 1 34 134 26,458 48,716 56,406 55,924 58,253 40,569 44,733 36,174 37,611 45,462 96,011102,778 90,583 87,80453,030 12,523 12,591 12,682 12,870 12,729 3.83.73.83.64.1 21719922017377 3.83.53.94.44.5 26,794 26,840 26,006 25,075 33,918 Draft 3-12-21 151 Fiscal Year 2020 Annual Report CITY OF LA PORTE, TEXAS CAPITAL ASSETS STATISTICS BY FUNCTION/PROGRAM Last Ten Fiscal Years Function20112012201320142015 Public safety Police station11111 Police officers7574747476 Reserve officers22623 Fire stations44444 Sanitation Collection trucks1412121214 Highways and streets Streets (miles)126125297297272 Streetlights2,4152,4152,4152,4152,415 Traffic signals56667 Culture and recreation Parks acreage356188188188188 Parks acreage2122222222 Swimming pools55555 Recreation centers43322 Senior center11111 Water and sewer Water mains (miles) 181182183184185 Fire hydrants 1,1861,1991,2261,2561,265 Sanitary sewers (miles) 192192192192193 Storm sewers (miles) 9760112112115 Source - Various City departments. Draft 3-12-21 152 Fiscal Year 2020 Annual Report Table 16 20162017201820192020 11111 7578797979 32411 44444 1716161414 273273273274274 2,4152,4152,9052,8842,910 77777 188188188188190 2222222324 55555 22222 11111 187187189192199 1,2761,2911,3141,3491,405 194194194195196 115116116118120 Draft 3-12-21 153 Fiscal Year 2020 Annual Report Draft 3-12-21 154 Fiscal Year 2020 Annual Report REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested:March 22, 2021 Source of Funds:N/A Requested By:Jason Weeks, Asst. City Mgr Department:Administration/CMO Account Number:N/A Amount Budgeted:N/A ReportResolutionOrdinance Amount Requested:N/A Exhibits:La Porte EMS Contract Calculation Budgeted Item:YesNo Comparison Spreadsheet,New EMS agreement with BayportCompanies and Map of Bayport EMS service area SUMMARY& RECOMMENDATION On August 24, 2020, the La Porte City Council approved acontract between the City of La Porte EMS and the Association of Bayport Companies (ABC) for Emergency Medical Service for a period of thirty-six (36) months. Bayport Industrial District is the area located south of Fairmont Parkway.The new three year (2020-23)agreement was calculated at a rate of $42.49 per employee, per year. This wasan increase of $12.72 per employee per year over the previous perigreement rate. The primary reason for the significant increase can be contributed to the 20% salary increases that were adjusted due the market adjustments. This contributed to a 34.3% increase in EMS budget from the 2015-16 previous contracted budgeted amounts for personnel. Additionally, the agreement did not account for the Emergency Service District budget. The ESD budget includes cost associated with replacement cost of equipment and vehicles as well as cost associated with uniforms & protective equipment, training, and machinery, tools, and computer equipment. Since The total agreement amount invoiced will be based on an Average Daily Population at each company. The new agreement began on October 1, 2020 and expireson September 30, 2023.Companies that elect to not participate in the agreement will be assessed a $5,000 per response Non-Member fee.EMShad assumed that ABC had tried to collect ot made any efforts to collect. The City is unsure how collectible these fees would be or how to force payment on the non-members. The new La Porte EMS agreement fees are based on the following formula: Total EMS operating (General Fund & ESD Fund) budget divided by the current La Porte population equals the per capita fee. A 10% administrative fee is then added to the per capita fee along with any associated Capital Improvement Project fees that are divided out over a specified time period and include an additional 10% administrative fee. This fee amount is then divided by 3 due to the average worker only being present at work a third of the day. This formula is the same formula used to calculate the Battleground Industrial District agreement, which includes the industrial area north of SH 225. This agreement was approved by the City Council on August 24, 2020 and signed by representative from Battleground Industrial District. Battleground Industrial District has been making payments as agreed-upon per their new agreement. have been making payments as agreed. This formula is the same formula used to calculate the Port of Houston agreement for the Barbours Cut and Bayport Terminals. This agreement was approved by City Council on January 25, 2021 and signed by Port of Houston. The Port of Houston has been making payments as agreed-upon per their new agreement. Contractual History within Association of Bayport Companies: Fiscal Year 2017-18 2018-19 2019-20 # 911 Responses 83 90 *56 # Members 44 42 40 # Non- 81 84 92 Contract Revenue $144,060 $151,432 $131,206 Patient Revenue $40,701 $36,000 $26,000 * Total Revenue $184,761 $187,432 $157,206* *Partial year reporting Shortly after Council approved the Association of Bayport Companies, Chief Camp began receiving communications from the ABC new president claiming that the $12.72 increase per person was too much and they wanted to begin negotiating with the City to reduce the amount. Since October 1, 2020, Chief Camp, Assistant City Manager and City Manager have met with their president, Daniel Velasquez and their board virtual on numerous occasions to explain to them the reason for the increases. During one conversation the Assistant City Manager proposed a phase-in fee increase so that by the third year ABC would be paying the full amount. Of course this would need City Council approval for finalization, but the ABC Board was not in favor of that offer. Since the City Council has approved their new agreement, ABC has not signed an agreement and earlier this month the City received a payment of $45,972 which represented a payment from 12 companies within ABC. In order to better understand how this amount was calculated, a virtual meeting with the ABC Board was set up in early February to discuss. The ABC Board president explained that they had to make a payment so they just paid $36 per daily staffing in the companies. Staff explained to ABC Board that k to City Council for further discussion on reducing their rates. Staff has provided a detailed summary that explains the increases. Staff recently met with the president of ABC and discussed the following alternative: 1. Multi-year agreement with a provision to adjust the price annually. Rates will not be fixed for the term of the agreement but fluctuate each year. 2. Year one would exclude the costs associated with the Emergency Service District, bringing the cost per employee down to $38.17 from $42.50. 3. ESD costs would be added back in year 2 of the agreement. 4. 10% Admin fee would stay in place. ABC is amenable to the latter option. Should City Council decide to make any changes to the agreement, staff recommends making the same option available to other entities with EMS contracts in place, including the Battleground Industrial District, the Port of Houston Authority and the City ACTION REQUIRED BY CITY COUNCIL Provide staff direction on how to proceed with an agreement with the Association of Bayport Companies and area located within the Bayport Industrial District for the City of La Porte EMS to provide EMS coverage for the period from October 1, 2020 through September 30, 2023. Approved for the City Council meeting agenda Corby D. Alexander, City Manager Date LETTER AGREEMENT STATE OF TEXAS γ γ COUNTY OF HARRIS γ THIS LETTER AGREEMENT made and entered into by and between the CITY OF LA PORTE, a municipal corporation, of Harris County, Texas, hereinafter referred to as "LA PORTE"; and the ASSOCIATION OF BAYPORT COMPANIES, INC., a Texas non-profit corporation, hereinafter referred to as "A.B.C.", W I T N E S E T H: WHEREAS, A.B.C is in need of certain Emergency Medical Services for the benefit of the people in its Service Area, agreement for Emergency Medical Service with any other such city; and WHEREAS, LA PORTE is able and willing to provide said governmental services to A.B.C., upon the terms, conditions, and covenants herein contained: I. GENERAL PROVISIONS For and during the year beginning on the 1st day of October, 2020, and ending on the 30th day of September, 2023, LA PORTE agrees to furnish to A.B.C., the emergency medical services hereinafter more specifically described. This agreement shall remain in effect after September 30, 2023, until cancelled by either party hereto giving ninety (90) days written notice to the other party. II. For and in consideration of the emergency medical services to be provided by LA PORTE, A.B.C. agrees to pay LA PORTE the sum of Forty Two Dollars & Forty Nine Cents ($42.49) per on-site employee of the ASSOCIATION OF BAYPORT COMPANIES, INC. members, comprised within the Service Area, per year. Such payment shall be made annually before the 1st day of October 1, 2020 of each year of the agreement period. The employee count, which A.B.C. represents to LA PORTE to be approximately between Five Thousand (5,000) and Six Thousand (6,000) on an annual basis, shall be based upon the number of full-time equivalent, on-site employees and shall include the number of recurring-contract workers (such as maintenance contracts that are used for scheduled plant maintenance). The number of covered personnel is to be provided by each individual plant within the Service Area and furnished by A.B.C. for the computation of the annual fee, which shall occur on or before October 1, 2020. A.B.C. shall furnish to LA PORTE said census count furnished to them during the month of September during each year of this contract. A.B.C. shall immediately notify LA PORTE of the addition of any new company to its membership, and the employee count, as herein defined, of such new member company. A member company of A.B.C. which is in default of its payments to A.B.C. and LA PORTE hereunder, shall be subject to -ive Thousand Dollars ($5000.00) per EMS response as provided in III. LA PORTE agrees to provide emergency medical services at A.B.C.'s Service Area. LA PORTE shall transport patients to one of the nearest hospitals providing emergency services that is defined by the ransport Policy of the City of La Porte Emergency Medical Services. LA PORTE shall be permitted to charge, to each patient, its most current and customary Emergency Medical Service charges as adopted by City Council. IV. Sole discretion will rest with the LA PORTE Chief of Emergency Medical Services, or his/her duly authorized assistants, as to the personnel and equipment that will answer each emergency medical services request, provided, emergency medical services protection will be adequate (meaning reasonable protection, considering available personnel and equipment of LA PORTE's Emergency Medical Services) and dispatch of personnel and equipment to provide emergency medical services within the corporate limits of the City of La Porte. V. COMPLIANCE WITH LAW AND ORDINANCES LA PORTE agrees to operate the ambulances in accordance with the requirements of State and Federal law, and applicable municipal or county ordinances, as the same now exist, and as may be amended from time to time hereafter. VI. LIABILITY INSURANCE During the term of this Agreement and any extension thereof, LA PORTE shall purchase and keep in full force and effect, public liability insurance on each of its ambulance units, and professional liability insurance (malpractice insurance) on each of its employees administering patient care, with minimum limits of $100,000.00 for each single occurrence for injury to or destruction of property; $100,000.00 for each person; and $300,000.00 for each accident. LA PORTE shall keep and maintain Workers' Compensation insurance on its employees. LA PORTE shall maintain collision and liability insurance on the ambulances, with at least maximum limits of $100,000.00 for each single occurrence for injury to or destruction of property; $100,000.00 for each person; $300,000.00 for each single occurrence for bodily injury or death; and uninsured and under-insured motorists coverage providing at least $100,000.00 for each person, and $300,000.00 for each single occurrence for bodily injury or death. Notwithstanding the foregoing, LA PORTE shall not be required to obtain insurance in excess of liability limits established in the Texas Tort Claims Act, Section 101.001 et seq, of the Texas Civil Practice and Remedies Code, in cases where said Act is 2 applicable. LA PORTE shall file certificates of insurance coverage with A.B.C. during the terms of this Contract and any extension thereof. On all said insurance policies, A.B.C. shall be named as an additional insured. VII. REVOCATION OF AGREEMENT Either A.B.C. or LA PORTE may cancel this Agreement, without cause, after giving at least ninety (90) days written notice to the non-canceling party. Such notice shall be sent by LA PORTE to A.B.C. at Post Office Box 691, La Porte, Texas 77572-0691. Such notice shall be sent by A.B.C. to LA PORTE at 604 West Fairmont Parkway, La Porte, Texas 77571. VIII. TERM This Agreement shall become effective at 12:00 A.M. Central Time, on the 1st day of October, 2020, and shall remain in full force and effect until midnight on the 30th day of September, 2023, unless otherwise cancelled as provided in paragraph VII above. This Agreement is entered into subject to the Charter and Ordinances of the City of La Porte, and all applicable state and federal laws. IX. This Agreement constitutes the entire agreement between the parties and supersedes all prior contemporaneous communications or agreements, written or oral. This Agreement may be amended only by a written instrument signed by all parties. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas. EXECUTED IN DUPLICATE ORIGINALS, as of this the ___ day of ____________, 2020. 3 CITY OF LA PORTE By: ___________________________ Corby D. Alexander City Manager ATTEST: _________________________ Lee Woodward, City Secretary ASSOCIATION OF BAYPORT COMPANIES, INC. By: ___________________________ President ATTEST: _________________________ Megan Weaver, Secretary 4 LAPORTE EMS Contract Calculation Comparison Per 2017-20 ContractPer 2020-23 ContractDifference Used FY 2015-16 BudgetUsed FY 2019-20 Budget2017-20 vs 2020-23% Difference Personnel Services$ 2,407,081.00$ 3,231,548.00$ 824,467.0034.25%(1) Supplies 149,722282,727133,00588.83%(2) Services & Charges 146,964395,572248,608169.16%(2) Capital Outlay 085,00085,000n/a(2) Total$ 2,703,767.00$ 3,994,847.00$ 1,291,080.0047.75% Population 35,655 35,423 (232) -0.65% Citizen Rate + 10%$ 83.41$ 124.05 $ 40.6448.72% CIP Calculations$ 2.52$ 3.44 $ 0.9236.60%(3) Total Rate$ 85.93$ 127.49 $ 41.5648.36% Divide / 3$ 28.64$ 42.50 $ 13.8548.36% Contract increased $13.85 from 2017; therefore a phase-in of this increase ($13.85 divided by 3) to make the contract "whole" in the last year would be acceptable with the understanding that at next contract renewal that full cost of providing EMS services (General Fund, ESD and CIP budgets would be expected). 3 Year Phase-In 2020$ 33.26 2021$ 37.88 2022$ 42.50 Notes: (1) Annually merit increases are provided based on performance evaluations. The City's average merit increase is 3%; however, staff can receive up to 5%. New hires are subjec to a six-month probationary period at which time they have an evaluation with a possible up to 5% pay increase. After a probationary evaluation, the employee will not be evaluated for a performance merit increase until a year. In the middle of 2019, the EMS Chief and Fire Chief presented to City Council a disparity in pay rates for EMS & Fire compared to surrounding cities. The City Council approved a 20% salary increase for all EMS paramedics (Asst. Chief and Chief were not included) and 25% salary increase for all Firefighters. The new FY 2020-23 contract was based upon the FY 2019-20 budget which included a full-year of these increases as well as the addition of an EMS Captain to cover for Shift C (this coverage had been done by the Assistant EMS Chief). (2) The increase in Supplies, Services & Charges and Capital Outlay can be contributed to the new contract for FY 2020-23 including the Emergency Service District budget in the calculations. This budget has never been included in the calculations, while this budget had been included in the agreement with Shoreacres and Morgans Point. The ESD budget provides funding for EMS supplies, required training, maintenance agreements for equipment, funding for replacement of capital and new capital items. The addition of the $418,193 ESD budget along with the increases in salary market adjustments for parademics is the main reason for the 47.75% or $1.3 million annual increse in the EMS budget from 2017 vs. 2020. For FY 2019-20, the ESD budget included: * $20,000 - Protective Clothing for regular duty and specialty uniforms to include badges, name tags, duty belts, rain coats, etc. * $51,000 - Machinery, Tools & Equipment Supplies for emergency equipment for the new Captains Tahoe ($11,000), 5 Handtevy Pedi Emergency System ($10,000) and 2 e500 Patient Ventilators ($30,000). * $38,000 - Computer Equipment, which included a Dell 1.6TB Computer Server Storage for Body Cameras ($18,000) and 25 Coban Body Cameras ($20,000). * $21,375 - Training & Seminars related to all the necessary required annual training for paramedics. * $35,700 - Machinery, Tools & Equipment Services related to Bio-Hazard Disposal Contract ($5,000), Stryker Power Loader/Stretcher Maintenance Contract ($14,200) and Stryker EKG/Defib Lucas Maintenance Contract ($16,500). * $167,118 - Motor Pool Lease Fees, which is the annual amount required to pre-pay for replacement of capital vehicles and equipment. The City does not issue debt to pay for these type of capital items. The City utilizes an internal service fund for vehicle and equipment replacement, which is paid annually into the fund to pre-fund the replacement of these type of capital items. * $40,000 - Capital Machinery & Equipment for the purchase of 12 Lead EKG/Defib Monitor LP15 Units * $45,000 - Motor Vehicles for the purchase of the new Captains Tahoe. (3) CIP Calculations increased by 36% due to the addition of a CIP project at the EMS Headquarters on Spencer Highway. The EMS Headquarters was in need of an expansion to provide segergated dormitory facilities for each paramedic on-duty. In FY 2019-20 this CIP project was budgeted at $583,000 and the City is finishing the design/engeering of this project and out for bid on the project. LAPORTE EMS Contract Calculation Comparison Had the correct calculations been used in the past for the contract agreements to include the ESD budget as well as had the new 2020 contract not include the ESD budget, staff has prepared the below analysis to provide the Board with what the increase would've been on an "apples to apples" basis: Analysis - "WHAT IF" both contracts in 2017 & 2020 DID include the ESD Budget: FY 2015-16 BudgetFY 2019-20 Budget 2017 Calc Used2021 Analysis with ESDwith ESDDifference% DIF Personnel Services$ 2,407,081$ 3,231,548$ 824,46734% Supplies 169,722 282,727 113,00567% Services & Charges 327,924 395,572 67,64821% Capital Outlay 82,500 85,000 2,5003% Total$ 2,987,227$ 3,994,847$ 1,007,62034% Population 35,655 35,423 (232) -1% Citizen Rate + 10%$ 92.16$ 124.05 $ 31.8935% CIP Calculations$ 2.52$ 3.44 $ 3.44137% Total Rate$ 94.68$ 127.49 $ 35.3337% Divide / 3$ 31.56$ 42.50$ 11.7837% Analysis - "WHAT IF" both contracts in 2017 & 2020 DID NOT include the ESD Budget: FY 2015-16 BudgetFY 2019-20 Budget 2017 Calc Used2021 Analysis without ESDwithout ESDDifference% DIF Personnel Services$ 2,407,081$ 3,231,548$ 824,46734.25% Supplies 149,722 173,727 24,00516.03% Services & Charges 146,964 171,379 24,41516.61% Total$ 2,703,767$ 3,576,654 $ 872,88732% Population 35,655 35,423 (232) -0.65% Citizen Rate + 10%$ 83.41$ 111.07 $ 27.6533.15% CIP Calculations$ 2.52$ 3.44$ 0.9236.60% Total Rate$ 85.93$ 114.51$ 28.5733.25% Divide / 3$ 28.64$ 38.17$ 9.5233%