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Assets
<br />Cash and Cash Equivalents
<br />Investments
<br />Receivables (Net of Allowance
<br />for Uncollectibles)
<br />Inventories
<br />Prepaid Items
<br />Due from Other Governments
<br />Total Assets
<br />CITY OF PARIS, TEXAS
<br />Balance Sheet - Governmental Funds
<br />September 30, 2020
<br />Statement 3
<br />Total
<br />Nonmajor Total
<br />Debt Capital Governmental Governmental
<br />General Service Projects Funds Funds
<br />$ 7,293,878 $ 1,762,852 $ 3,863,798 $ 606,016 $ 13,526,544
<br />6,360,683 - - 297,721 6,658,404
<br />4,407,449 82,964 - 4,490,413
<br />500,495 - - 500,495
<br />53,625 - - - 53,625
<br />408,983 - - 1,411,343 1,820,326
<br />$ 19,025,113 $ 1,845,816 $ 3,863,798 $ 2,315,080 $ 27,049,807
<br />Liabilities, Deferred Inflows, and Fund Balances
<br />Liabilities
<br />Accounts Payable and Accrued Liabilities $ 1,189,136 $ - $ 27,616 $ 11,703 $ 1,228,455
<br />Total Liabilities 1,189,136 - 27,616 11,703 1,228,455
<br />Deferred Inflows of Resources
<br />Unavailable Revenue - Property Taxes 659,428 78,953 -
<br />Unavailable Revenue - Other 26,472 - -
<br />Total Deferred Inflows of Resources 685,900 78,953 -
<br />Fund Balances
<br />Nonspendable
<br />Inventory
<br />Permanent Library Funds
<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: General Fund
<br />Total Fund Balances
<br />Total Liabilities, Deferred
<br />Inflows and Fund Balances
<br />500,495 - -
<br />- 1,766,863 -
<br />3,802 - 3,836,182
<br />655,520 - -
<br />738,381
<br />26,472
<br />764,853
<br />- 500,495
<br />98,400 98,400
<br />1,766,863
<br />3,839,984
<br />1,493,902 1,493,902
<br />655,520
<br />415,120 415,120
<br />75,801 75,801
<br />- - 220,154 220,154
<br />15,990,260 - - - 15,990,260
<br />17,150,077 1,766,863 3,836,182 2,303,377 25,056,499
<br />$ 19,025,113 $ 1,845,816 $ 3,863,798 $ 2,315,080 $ 27,049,807
<br />Fund Balances - Total Governmental Funds (above)
<br />Amounts reported for governmental activities in the statement of net position are different because:
<br />Capital assets used in governmental activities are not financial resources and, therefore,
<br />are not reported in the funds. (Net of Accumulated Depreciation)
<br />Other long-term assets are not available to pay for current period expenditures and, therefore,
<br />are deferred or not reflected in the funds.
<br />Long-term liabilities, including bonds payable, are not due and payable in the current period and,
<br />therefore, are not reported in the funds.
<br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the net pension liability
<br />required by GASB 68 in the amount of $10,915,075, a Deferred Outflow of Resources in the amount of
<br />$1,634,296, and a Deferred Inflow of Resources in the amount of $2,661,329. This amounted to a decrease
<br />in Net Position of $11,942,108.
<br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the net OPEB liability
<br />required by GASB 75 in the amount of $2,606,860, a Deferred Outflow of Resources in the amount of
<br />$334,164, and a Deferred Inflow of Resources in the amount of $243,149. This amounted to a decrease
<br />in Net Position of $2,515,845.
<br />Net Position of Governmental Activities
<br />The accompanying notes to the financial statements are an integral part of this statement.
<br />16
<br />$ 25,056,499
<br />41,127,102
<br />764,853
<br />(15,443,941)
<br />(11,942,108)
<br />(2,515,845)
<br />$ 37,046,560
<br />
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