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PARIS ECONOMIC DEVELOPMENT CORPORATION
<br />(A Component Unit of the City of Paris, Texas)
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances /Statement of Activities
<br />Year Ended September 30, 2016
<br />Total Total
<br />Debt Service Governmental Governmental
<br />General Fund Fund Funds Adiustments* Activities
<br />Revenues
<br />Sales Taxes 1,410,415 $ - $ 1,410,415 $ $ 1,410,415
<br />Investment Earnings 6,804 173 6,977 - 6,977
<br />Total Revenues 1,417,219 173 1,417,392 1,417,392
<br />Expend itures/Expenses
<br />Current:
<br />Personnel
<br />110,034
<br />-
<br />110,034
<br />- 110,034
<br />Administration
<br />130,547
<br />-
<br />130,547
<br />- 130,547
<br />Job Training
<br />2,529
<br />-
<br />2,529
<br />2,529
<br />Marketing and Promotion
<br />26,187
<br />-
<br />26,187
<br />- 26,187
<br />Direct Business Incentives
<br />100,000
<br />-
<br />100,000
<br />100,000
<br />Debt Service:
<br />Principal
<br />-
<br />315,000
<br />315,000
<br />(315,000) -
<br />Interest
<br />-
<br />40,221
<br />40,221
<br />(998) 39,223
<br />Fees
<br />-
<br />750
<br />750
<br />- 750
<br />Total Expenditures /Expenses
<br />369,297
<br />355,971
<br />725,268
<br />(315,998) 409.270
<br />Excess (Deficiency) of Revenues Over
<br />Expenditures/Expenses 1,047,922 (355,798) 692,124 (315,998) 1,008,122
<br />Other Financing Sources (Uses)
<br />Transfers - Internal Activities (352,511) 352,511 - -
<br />Total Other Financing Sources (Uses) (352.511) 352.511 - Net Change in Fund Balances/Net Position 695,411 (3,287) 692,124 (315,998) 1,008,122
<br />Fund Balances/Net Position - Beginning 3,978,205 408,132 4,386,337 983,352 3,402,985
<br />Fund Balances/Net Position - Ending $ 4,673,616 $ 404.845 $ 5.078.461 $ 667,354 $ 4,411,107
<br />*Primarily long -tern liabilities not reported in the funds.
<br />The notes to financial statements are an integral part of this statement.
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