|
Other Information
<br />In addition to the basic financial statements and accompanying notes, this report also presents certain required
<br />supplementary information concerning the City of Paris' progress in funding its obligation to provide pension and
<br />other post -employment benefits to its employees. Required supplementary information can be found immediately
<br />following the Notes to the Financial Statements.
<br />Combining and individual fund statements and schedules can be found immediately after the required
<br />supplementary information in this report.
<br />Government -Wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the
<br />case of the City of Paris, assets exceeded liabilities by $85,879,855 at the close of the most recent fiscal year. This
<br />compares to $80,850,369 for the previous year. This was a 6.22% increase in net position,
<br />By far, the largest portion of the City of Paris' net position ($60,113,959 or 70.00%) reflects its net investment in
<br />capital assets (e.g., land, buildings, machinery, and equipment). The City of Paris uses these capital assets to provide
<br />services to citizens; consequently, these assets are not available for future spending. Although the City of Paris'
<br />investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay
<br />this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these
<br />liabilities.
<br />City of Paris
<br />Net Position
<br />k"
<br />Governmental Activities
<br />Business -Type
<br />Activities
<br />Total
<br />Total
<br />2020
<br />2021
<br />2020
<br />2021
<br />2020
<br />2021
<br />Assets
<br />Current and Other Assets
<br />$ 27,049,806
<br />$30,225,091
<br />$ 18,991,923
<br />$ 67,149,358
<br />$ 46,041,729
<br />$ 97,374,449
<br />Capital Assets
<br />41,127,102
<br />40,391=518
<br />66,921,032
<br />67,853,908
<br />108,048,134
<br />108,245,426
<br />Total Assets
<br />68,176,908
<br />70,616,609
<br />85,912,955
<br />135,003,266
<br />154,089,863
<br />205,619,875
<br />Deferred Outflows
<br />Related to Asset
<br />Retirement Obligation
<br />-
<br />-
<br />-
<br />2,804,300
<br />-
<br />2,804,300
<br />Related to Pension
<br />958,653
<br />1,651,067
<br />171,157
<br />163,384
<br />1,129,810
<br />1,814,451
<br />Related to OPEB
<br />334,164
<br />456,770
<br />31,764
<br />47,281
<br />365,928
<br />504,051
<br />Total Deferred Outflows
<br />1,292,817
<br />2,107,837
<br />202,921
<br />3,014=965
<br />1,495,738
<br />5,122,802
<br />Long -Term Liabilities
<br />Outstanding
<br />28,688,849
<br />27,898,649
<br />40,079,561
<br />86,894,194
<br />68,768,410
<br />114,792,843
<br />Other Liabilities
<br />1,505,509
<br />1,291;784
<br />1,828907
<br />5,519,745
<br />3,334,416
<br />6,811,529
<br />Total Liabilities
<br />30,194,358
<br />29,190,433
<br />41,908,468
<br />92,413,939
<br />72,IO2,826
<br />121,604,372
<br />Deferred Inflows
<br />Related to Pensions
<br />1,688,602
<br />2,650,876
<br />390,412
<br />378,487
<br />2,079,014
<br />3,029,363
<br />Related to OPEB
<br />243,149215,485
<br />13,187
<br />13,602
<br />256,336
<br />229,087
<br />Total Deferred Inflows
<br />1,931,751
<br />2,866,361
<br />403,599
<br />392,089
<br />2,335,350
<br />3,258,450
<br />Net Position
<br />Net Investment in
<br />Capital Assets
<br />21,907,532
<br />26,703,929
<br />28,880,579
<br />33,410,030
<br />50,788,111
<br />60,113,959
<br />Restricted
<br />7,857,800
<br />7,357,621
<br />-
<br />-
<br />7,857,800
<br />7,357,621
<br />Unrestricted
<br />7,578,284
<br />6;606,102
<br />14,923,230
<br />11,802,173
<br />22,501,514
<br />18,408,275
<br />Total Net Position
<br />$ 37,343,616
<br />$ 40,667,652
<br />$ 43,803,809
<br />$ 45,212,203
<br />$ 81,147,425
<br />$ 85,879,855
<br />k"
<br />
|