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Business -Type Activities
<br />Business -type activities increased the City of Paris' net position by $1,471,194. This increase was caused by a rate
<br />increase, transfers, and a prior period adjustment.
<br />Financial Analysis of the Government's Funds
<br />As noted earlier, the City of Paris uses fund accounting to ensure and demonstrate compliance with finance -related
<br />legal requirements.
<br />Governmental Funds
<br />The focus of the City of Paris' governmental funds is to provide information on near-term inflows, outflows, and
<br />balances of spendable resources. Such information is useful in assessing the City of Paris' financing requirements. In
<br />particular, unassigned fund balance may serve as a useful measure of a government's net resources available for
<br />spending at the end of the fiscal year.
<br />Total Assets
<br />Total Liabilities
<br />Deferred Inflows of Resources
<br />Fund Balances
<br />Nonspendable:
<br />Inventory
<br />Permanent Fund Principal
<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:
<br />General Fund
<br />Total Fund Balances
<br />Total Liabilities, Deferred Inflows,
<br />and Fund Balances
<br />Governmental Funds
<br />2020
<br />2021
<br />27,049,807 $
<br />30,225,090
<br />1,228,455
<br />1,190,557
<br />764,853
<br />813,024
<br />500,495
<br />181,620
<br />98,400
<br />98,543
<br />1,766,863
<br />1,928,672
<br />3,839,984
<br />3,631,092
<br />1,493,902
<br />672,627
<br />655,520
<br />707,090
<br />415,120
<br />107,574
<br />75,801
<br />76,935
<br />220,154
<br />220,595
<br />15,990,260
<br />20,596,761
<br />25,056,499
<br />28,221,509
<br />27,049,807
<br />30,225,090
<br />
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