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An additional portion of the City of Paris' net assets ($7,357,621 or 8.57%) represents resources that are subject to
<br />external restrictions on how they may be used. The balance of unrestricted net assets {$18,408,275 or 21.43%) may
<br />be used to meet the government's ongoing obligations to citizens and creditors.
<br />At the end of the current fiscal year, the City of Paris is able to report positive balances in all three categories of net
<br />position, both for the government as a whole, as well as for its separate governmental and business -type activities
<br />net investment in capital assets, restricted net position, and unrestricted net position. This was also true for the prior
<br />fiscal year.
<br />Statement I reflects the relevant deferred outflows and inflows for the fiscal year. Outflows are intended to account
<br />for the anticipated future liabilities for pension payments as well as contributions toward the cost of retiree health
<br />care and other post -employment benefits. Inflows anticipate future contributions to the pension plan and retiree
<br />health care and other post -employment benefits as well as certain asset retirement obligations.
<br />Governmental Activities
<br />Governmental activities increased the City of Paris' net position by $3,673,152 or 9.91% during the current fiscal
<br />year. Total general and program revenues were down $1,054,281(3.11%). This decrease was due to a significant
<br />drop in program revenues specifically, operating grants. This drop is not surprising given the previous year was
<br />unusually high with such activities.
<br />Property Taxes
<br />Sales Taxes
<br />Franchise Taxes
<br />Hotel Occupancy Tax
<br />Unrestricted Investment Earnings
<br />Miscellaneous
<br />Gain (Loss) on Sale of Capital Asset
<br />Program Revenues
<br />General Revenues & Program Revenues
<br />Increase
<br />2020 2021 (Decrease)
<br />9,338,087
<br />8,245,939
<br />4,714,021
<br />872,418
<br />197,203
<br />714,470
<br />25,246
<br />9,804,062
<br />$ 9,561,394
<br />9,196,157
<br />4,253,182
<br />1,192,873
<br />41,704
<br />546,391
<br />125,176
<br />7,940,288
<br />223,307
<br />950,218
<br />(460,839)
<br />320,455
<br />(155,499)
<br />(168,079)
<br />99,930
<br />(1,863,774)
<br />$ 33,911,446 $ 32,857,165 $ (1,054,2E)
<br />6
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