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PARIS ECONOMIC DEVELOPMENT CORPORATION
<br />(A Component Unit of the City of Paris, Texas)
<br />Continuing Disclosure Information
<br />September 30, 2016
<br />(Unaudited)
<br />Sales Tax Collections
<br />The following table shows Sales Tax Collections for the Paris Economic Development Corporation's 1/4% sales tax for the five years
<br />ended September 30:
<br />Pro Forma Bonded Debt Service Coverage
<br />Maximum Annual Debt Service Requirement (2018)
<br />Fiscal Year Ended September 30,
<br />354,926
<br />Projected Annual Sales Tax Receipts 2016 -17
<br />2016
<br />2015
<br />2014
<br />2013
<br />2012
<br />October
<br />$ 109,886.41
<br />$ 102,247.58
<br />$ 97,701.57 $
<br />97,310.53
<br />$ 95,420.37
<br />November
<br />130,424.24
<br />126,651.61
<br />114,348.83
<br />112,362.90
<br />107,894.61
<br />December
<br />104,932.82
<br />271,091.93
<br />100,022.29
<br />87,692.97
<br />85,472.54
<br />January
<br />102,686.14
<br />109,169.19
<br />99,144.63
<br />93,398.77
<br />95,604.34
<br />February
<br />149,309.76
<br />146,289.70
<br />139,328.22
<br />135,537.65
<br />128,112.10
<br />March
<br />96,097.44
<br />107,721.75
<br />83,304.86
<br />87,514.04
<br />86,791.28
<br />April
<br />104,000.13
<br />90,699.77
<br />94,682.24
<br />92,841.95
<br />89,313.73
<br />May
<br />135,580.28
<br />123,770.44
<br />127,251.18
<br />123,708.09
<br />116,340.62
<br />June
<br />107,853.86
<br />106,900.07
<br />99,797.86
<br />98,039.23
<br />90,696.91
<br />July
<br />104,464.42
<br />106,493.68
<br />100,455.16
<br />106,267.35
<br />97,350.69
<br />August
<br />137,823.65
<br />129,212.16
<br />116,746.73
<br />114,731.18
<br />111,539.71
<br />September
<br />119,744.32
<br />97,054.93
<br />103,766.17
<br />106,635.71
<br />98,234.76
<br />Totals
<br />$ 1,402,803.47
<br />$ 1,517,302.81
<br />$ 1;276,549.74 S
<br />1,256,040.37
<br />$ 1,202,771.66
<br />Pro Forma Bonded Debt Service Coverage
<br />Maximum Annual Debt Service Requirement (2018)
<br />$
<br />354,926
<br />Projected Annual Sales Tax Receipts 2016 -17
<br />$
<br />1,383,000
<br />(Pledged Revenues are Gross 1/4 Cent Sales Tax)
<br />Estimated Pro Forma Coverage
<br />3.90 x
<br />Average Annual Remaining Debt Service at September 30, 2016
<br />$
<br />354,089
<br />Projected Annual Sales Tax Receipts 2016 -17
<br />$
<br />1,383,000
<br />(Pledged Revenues are Gross 1/4 Cent Sales Tax)
<br />Estimated Pro Forma Coverage
<br />3.91 x
<br />Condensed Corporation Operating Statement
<br />Fiscal
<br />Year Ended September 30,
<br />2016 2015
<br />2014
<br />2013
<br />2012
<br />Operating Revenues:
<br />Sales Taxes $ 1,410,415 $ 1,536,827
<br />$ 1,282,550
<br />$
<br />1,261,040 $
<br />1,198,772
<br />Other Income (Loss) (1) (32,246) (17,915)
<br />41,225
<br />6,497
<br />(51,210)
<br />Total Revenues 1,378,169 1,518,912
<br />1,323,775
<br />1,267,537
<br />1,147,562
<br />Operating Expenses:
<br />Projects
<br />Administration, Personnel,
<br />and Promotion
<br />Total Expenses
<br />Net Available for Additional
<br />Economic incentives or
<br />Debt Service
<br />102,528 79,071 2,450,244 194,883 1,757,106 (2)
<br />267,519 197,799 348,893 602,356 730,349
<br />370,047 276,870 2,799,137 797,239 2,487,455
<br />$ 1,008,122 $ 1,242,042 $ (IA75,362) $ 470.298 $ (1,339,893)
<br />Source: Information received from the Issuer.
<br />(1) The net of interest income, interest expense, and gain or loss on the sale of assets.
<br />(2) Includes a one -time contribution to a regional highway project for $1,488,588.
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