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PARIS ECONOMIC DEVELOPMENT CORPORATION
<br />(A Component Unit of the City of Paris, Texas)
<br />Statement of R'evenu'es, Expenditures, and Changes, in Fund Balances/Statement of Activities
<br />Year Ended September 30, 2,017
<br />Total Total
<br />Debt Service Governmental Governmental
<br />General Fund Fund Funds Adjustments* Activities
<br />Revenues
<br />Sales Taxes $ 1,446,7'06 $ $ 1,446,706 $ $ 1,446,706
<br />Investment Earnings 12,203 182 12,385 12,385
<br />Total Revenues 1,458,909 182 1,459,091 11,459,091
<br />Expenditures/ Expenses
<br />Current:
<br />Personnel
<br />214,678
<br />214,678
<br />214,678
<br />Administration
<br />78,111
<br />78,111
<br />78,111
<br />Job Training
<br />51,216
<br />5'1,236'
<br />51,236
<br />Marketing and Promotion
<br />80,501
<br />80,501
<br />80,5'01
<br />Direct Business Incentives
<br />7,4,,199
<br />74,199
<br />74,199
<br />Debt Service:
<br />Principal
<br />325,000
<br />325,000
<br />(325,000)
<br />-
<br />Interest
<br />28,251
<br />28,251
<br />(1,110)
<br />27,141
<br />Fees
<br />750
<br />7'5�0
<br />750
<br />Total Expend itures/Expenses
<br />498,725
<br />354,001
<br />852,726
<br />(326,110).
<br />526,616
<br />Excess (Deficiency) of Revenues Over
<br />Expenditures/Expenses
<br />960,184
<br />(353,819)
<br />606,365.
<br />(326,110)
<br />932,475
<br />Other Financing, Sources (Uses)
<br />Gain on Return of Asset
<br />33,999
<br />33,999
<br />3,3,999
<br />Refund from SRMMA Project
<br />533,778
<br />533,778
<br />533,778
<br />Transfers - Internal Activities
<br />(361,520)
<br />361,520
<br />-
<br />Total Other Financing Sources (Uses)
<br />206,257
<br />361,520
<br />567,777
<br />567,777
<br />Net Change in Fund Balances/Net Position
<br />1,166,441
<br />7,701
<br />1,174,142
<br />(326,110)
<br />1,500,252
<br />Fund Balances/Net Position - Beginning
<br />4,673,616
<br />404,845
<br />5,078,4611
<br />667,354
<br />4,411,107
<br />Fund Balances/Net Position - Ending
<br />5,840,057
<br />$ 412,546,
<br />$ 6,252,603
<br />341,244
<br />$ 5,911,359
<br />*Primarily long-term liabilities not reported in the: funds.
<br />The notes to financial statements are an integral part of this statement.
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