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CITY OF PARIS, TEXAS
<br />Statement 8
<br />Statement of Revenues, Expenses, and Changes in Fund Net Position
<br />1,165,720
<br />Proprietary Funds
<br />3,465,964
<br />Years Ended September 30, 2020
<br />989,694
<br />Sundry Charges
<br />Water and Sewer
<br />Bad Debt Expense
<br />Enterprise Fund
<br />Operating Revenues
<br />142,356
<br />Charges for Sales and Services
<br />2,899,619
<br />Water Sales and Taps
<br />$ 8,109,330
<br />Sewer Charges and Taps
<br />6,405,367
<br />Sanitation Billing Fees
<br />82,458
<br />Service Charges
<br />140,581
<br />Industrial Surcharges
<br />371737
<br />Miscellaneous
<br />268,315
<br />Total Operating Revenues
<br />15,043,788
<br />Operating Expenses
<br />Personnel
<br />3,178,783
<br />Supplies
<br />1,165,720
<br />Contractual
<br />3,465,964
<br />Maintenance
<br />989,694
<br />Sundry Charges
<br />588,234
<br />Bad Debt Expense
<br />71,871
<br />Other
<br />142,356
<br />Depreciation
<br />2,899,619
<br />Total Operating Expenses
<br />12,502,241
<br />Operating Income
<br />2,541,547
<br />Nonoperating Revenues (Expenses)
<br />Investment Earnings
<br />427,723
<br />Interest Expense - Revenue and General Obligation Bonds
<br />(1,606,442)
<br />Amortization of Water Rights
<br />(35,632)
<br />Amortization of Bond Premium
<br />118,241
<br />Net Nonoperating Revenues (Expenses)
<br />(1,096,110)
<br />Income Before Contributions, Other Revenue, and Transfers 1,445,437
<br />Capital Contributions, Other Revenue, and Transfers
<br />Transfers In 730,000
<br />Transfers Out (583,321)
<br />Total Capital Contributions, Other Revenue, and Transfers 146,679
<br />Changes in Net Position
<br />1,592,116
<br />Total Net Position - Beginning
<br />42,253,191
<br />Prior Period Adjustment
<br />(41,498)
<br />Total Net Position - Beginning, as Restated
<br />42,211,693
<br />Total Net Position - Ending
<br />$ 43,803,809
<br />The accompanying notes to the financial statements are an integral part of this statement.
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