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CITY OF PARIS, TEXAS
<br />Notes to Financial Statements (Continued)
<br />September 30, 2020
<br />IV. Detailed Notes on All Activities and Funds (Continued)
<br />K. Long -Term Liabilities (Continued)
<br />General Obligation Certificates of Obligation and Other Long -Term Obligations (Continued):
<br />A summary of long-term liability transactions for the year ended September 30, 2020, follows:
<br />62
<br />Balance
<br />Balance
<br />September
<br />30,
<br />September 30,
<br />Due Within
<br />2019
<br />Additions
<br />Reductions
<br />2020
<br />One Year
<br />Governmental Activities
<br />Debt Payable
<br />Bonds Payable
<br />$
<br />12,840,000
<br />$ 1,500,000
<br />$
<br />1,365,000
<br />$
<br />12,975,000
<br />$
<br />1,170,000
<br />Premium
<br />137,671
<br />-
<br />14,815
<br />122,856
<br />12,719
<br />Capital Leases
<br />1,104,090
<br />-
<br />153,564
<br />950,526
<br />158,073
<br />Total Debt Payable
<br />14,081,761
<br />1,500,000
<br />1,533,379
<br />14,048,382
<br />1,340,792
<br />Compensated Absences
<br />1,118,813
<br />712,310
<br />712,619
<br />1,118,504
<br />111,850
<br />Landfill Post -Closure
<br />Care Costs
<br />150,000
<br />-
<br />-
<br />150,000
<br />-
<br />Governmental Activities
<br />Long -Term Liabilities
<br />$
<br />15,350,574
<br />$ 2,212,310
<br />$
<br />2,245,998
<br />$
<br />15,316,886
<br />$
<br />1,4522642
<br />Business -Type Activities
<br />Debt Payable
<br />Bonds Payable
<br />$
<br />41,075,000
<br />$ -
<br />$
<br />2,200,000
<br />$
<br />38,875,000
<br />$
<br />2,300,000
<br />Premium
<br />914,068
<br />-
<br />118,240
<br />795,828
<br />113,784
<br />Total Debt Payable
<br />41,989,068
<br />-
<br />2,318,240
<br />39,670,828
<br />2,413,784
<br />Compensated Absences
<br />211,043
<br />148,764
<br />148,764
<br />211,043
<br />21,104
<br />Business -Type Activities
<br />Long -Term Liabilities
<br />$
<br />42,200,111
<br />$ 148,764
<br />$
<br />2,467,004
<br />$
<br />39,881,871
<br />$
<br />2,434,888
<br />Component Unit
<br />Note Payables
<br />$
<br />1,6451193
<br />$ -
<br />$
<br />87,799
<br />$
<br />1,557,394
<br />$
<br />91,196
<br />Component Unit
<br />Long -Term Liabilities
<br />$
<br />1,645,193
<br />$ -
<br />$
<br />87,799
<br />$
<br />1,557,394
<br />$
<br />91,196
<br />For the governmental activities, compensated
<br />absences are liquidated by the
<br />general fund.
<br />62
<br />
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