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Governmental Funds
<br />The focus of the City of Paris' governmental funds is to provide information on near-term inflows, outflows, and
<br />balances of spendable resources. Such information is useful in assessing the City of Paris' financing requirements. In
<br />particular, unassigned fund balance may serve as a useful measure of a government's net resources available for
<br />spending at the end of the fiscal year.
<br />Total Assets
<br />Total Liabilities
<br />Deferred Inflows of Resources
<br />Fund Balances
<br />Nonspendable:
<br />Inventory
<br />Permanent Fund Principal
<br />Restricted For:
<br />Debt Service
<br />Capital Projects
<br />Notes
<br />Law Enforcement
<br />Public Education
<br />Community Development
<br />Assigned:
<br />Library
<br />Community Development
<br />Unassigned:
<br />General Fund
<br />Total Fund Balances
<br />Total Liabilities, Deferred Inflows,
<br />and Fund Balances
<br />Governmental Funds
<br />2019
<br />2020
<br />$ 24,360,133 $
<br />2720497807
<br />1,278,769
<br />1,228,455
<br />1,132,958
<br />764,853
<br />483,575
<br />500,495
<br />96,007
<br />98,400
<br />1,727,065
<br />1,766,863
<br />6,182,754
<br />3,839,984
<br />2021297
<br />11493,902
<br />574,048
<br />655,520
<br />-
<br />415,120
<br />74,469
<br />75,801
<br />218,102
<br />220,154
<br />12,390,089
<br />15,990,260
<br />21,948,406
<br />25,056,499
<br />$ 24,360,133 $
<br />27,049,807
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund
<br />balances of $25,056,499. Approximately 63.81% of this total amount ($15,990,260) constitutes unassigned fund
<br />balance, which is available for spending at the government's discretion. The remainder of fund balance is reserved
<br />to indicate that it is not available for new spending because it is non -spendable, restricted, or assigned to 1)
<br />Permanent Fund Principal ($98,400), 2) pay debt service ($1,766,863), 3) inventories ($500,495), 4) law
<br />enforcement ($1,493,902), 5) library ($75,801), 6), Public Education ($655,520), 7) capital projects ($3,839,984)
<br />and 8) Community Development ($635,274).
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