|
PARIS ECONOMIC DEVELOPMENT CORPORATION
<br />(A Component Unit of the City of Paris,. Texas)
<br />Continuing [.disclosure Information
<br />(Unaudited)
<br />September 30, 2017
<br />Sales Tax Collections
<br />The following table shoes 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 />$ 354,926
<br />Fiscal Year Ended September' 30,
<br />S 1,320,000
<br />(Pledged Revenues are Gross 1/4 Gent Sales Tax)
<br />2017
<br />2017
<br />2016
<br />2015
<br />2014
<br />2013'
<br />October
<br />S 1.11,563.76
<br />109,886'.41
<br />S 102„247..58 $
<br />97,701.57
<br />$ 97,310.53
<br />November
<br />132,824.67
<br />130,424.24
<br />126,651.61
<br />114,348.83'
<br />112,362.90
<br />December
<br />110,441.01
<br />104,932.82
<br />271,091.93
<br />100,022.29
<br />87,692.97
<br />January
<br />11.5,178.75
<br />102,686.14
<br />109,169.19
<br />99,144.63
<br />93,398.77
<br />February
<br />172,476.30
<br />149,309.76
<br />146,289.70
<br />133,3'28.22
<br />135,537.65
<br />March
<br />100;451.85
<br />96,097.44
<br />107,72 1.75
<br />83,304.86
<br />87„514.04
<br />April
<br />102,0711',26
<br />104,000.13
<br />911„699'.77
<br />94,682.24
<br />92,'1141.95
<br />May
<br />132,723'.1.4
<br />135,580.28
<br />123,770.44
<br />127,251.18
<br />123,708.09
<br />June
<br />108,141.29
<br />1'07,853.86
<br />106,900.07
<br />99,797.86
<br />38,039.23
<br />July
<br />116,196.60
<br />1!04,464.42
<br />106,493.68
<br />100,455.16
<br />106,267.35
<br />August
<br />126,713.05
<br />137,823.65
<br />129,212.16
<br />116',746.73
<br />11.4,731.18
<br />September
<br />114,744.34
<br />1''.19',.744.32
<br />97,0.54.93
<br />103,766.17
<br />10+6,635.71
<br />Totals
<br />$ 1,443,.525.02.
<br />$ 1,402,'803.'47
<br />$ 1,517,302.81 S
<br />1,276,549.74
<br />$ 1,256,040.37
<br />Pro Forma Bonded debt Service Coverage
<br />Maximum Annual Debt Service Requirement (2018)'
<br />$ 354,926
<br />Projected Annual S'al'es Tax Receipts 2017-18
<br />S 1,320,000
<br />(Pledged Revenues are Gross 1/4 Gent Sales Tax)
<br />2017
<br />Estimated. Pro Forma Coverage
<br />3.72 x
<br />Avenge Annual Remaining Debt. Service at September 30, 2017
<br />$ 354,926
<br />Projected Annual Sales Tax Receipts 2017-18
<br />$ 1,320,000
<br />(Pledged Revenues are Gross 1/4 Cent Sales Tax)
<br />S 1,446,706
<br />Estimated Pro Forma !Coverage
<br />3.72 x
<br />Condensed Corporation Operating Statement
<br />Operating Expenses:
<br />Projects
<br />Adminis'tratio'n, Personnel„
<br />and Promotion
<br />Total Expenses
<br />Net Available for Additional
<br />Economic Incentive's or
<br />Debt Service
<br />125,434 102,528 79,071 2,450,244 194,883
<br />3'74,040 267,519 197,7919 348,893 602,356
<br />499,474 370,047 2.76,870 2,799,137 797,239
<br />$ 959,4135 $ 1,008,122 S 1,242,042 $ (1,475,362) S 470¢298
<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 />14
<br />Fiscal Year Ended September 30,
<br />2017
<br />2016 2015
<br />20'14 2013
<br />Operating Revenues;.
<br />Sales Taxes
<br />S 1,446,706
<br />S 1,410,415 S 1,,536,827 $
<br />1,282,550! S 1,261,040
<br />Other Income (Loss')(1)
<br />12,203
<br />(32,246)' (17,915)
<br />41,225 6',.497
<br />Total Revenues
<br />1,458,909
<br />1,378,169 1,51.8,91.2
<br />1,3231,775 1,267,537
<br />Operating Expenses:
<br />Projects
<br />Adminis'tratio'n, Personnel„
<br />and Promotion
<br />Total Expenses
<br />Net Available for Additional
<br />Economic Incentive's or
<br />Debt Service
<br />125,434 102,528 79,071 2,450,244 194,883
<br />3'74,040 267,519 197,7919 348,893 602,356
<br />499,474 370,047 2.76,870 2,799,137 797,239
<br />$ 959,4135 $ 1,008,122 S 1,242,042 $ (1,475,362) S 470¢298
<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 />14
<br />
|