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CITY OF PARIS, TEXAS
<br />Statement 3
<br />Balance Sheet - Governmental Funds
<br />September 30, 2021
<br />Total
<br />Nonmajor
<br />Total
<br />Debt Capital Governmental
<br />Governmental
<br />General Service Projects
<br />Funds
<br />Funds
<br />Assets
<br />Cash and Cash Equivalents $ 9,781,751 $ 1,911,557 $ 3,627,281 $
<br />1,077,310
<br />$ 16,397,899
<br />Investments 8,228,931 - -
<br />98,048
<br />8,326,979
<br />Receivables (Net of Allowance
<br />for Uncollectibles) 4,741,112 101,402 -
<br />916
<br />4,843,430
<br />Inventories 181,620 - -
<br />-
<br />181,620
<br />Prepaid Items 71,922 - -
<br />-
<br />71,922
<br />Due from Other Governments 403,240 - -
<br />•
<br />403,240
<br />Total Assets $ 23,408,576 9 2,012,959 $ 3,627,281 $
<br />1,176,274
<br />$ 30,225,090
<br />Liabilities, Deferred Inflows, and Fund Balances
<br />Liabilities
<br />Accounts Payable and Accrued Liabilities $ 1,190,557 $ - $ - $
<br />-
<br />$ 1,190,557
<br />Total Liabilities 1,190,557 - -
<br />-
<br />1,190,557
<br />Deferred Inflows of Resources
<br />Unavailable Revenue - Property Taxes 702,264 84,287 -
<br />-
<br />786,551
<br />Unavailable Revenue - Other 26,473 - -
<br />-
<br />26,473
<br />Total Deferred Inflows of Resources 728,737 84,287
<br />-
<br />813,024
<br />Fund Balances
<br />Nonspendable
<br />Inventory 181,620 - -
<br />-
<br />181,620
<br />Permanent Library Funds - - -
<br />98,543
<br />98,543
<br />Restricted for
<br />Debt Service - 1,928,672 -
<br />-
<br />1,928,672
<br />Capital Projects 3,811 - 3,627,281
<br />-
<br />3,631,092
<br />Notes - - -
<br />-
<br />-
<br />Law Enforcement - - -
<br />672,627
<br />672,627
<br />Public Education 707,090 - -
<br />-
<br />707,090
<br />Community Development - • -
<br />107,574
<br />107,574
<br />Assigned
<br />Library • - -
<br />76,935
<br />76,935
<br />Community Development - - -
<br />220,595
<br />220,595
<br />Unassigned: General Fund 20,596,761 - -
<br />-
<br />20,596,761
<br />Total Fund Balances 21,489,282 1,928,672 3,627,281
<br />1,176,274
<br />28,221,509
<br />Total Liabilities, Deferred
<br />Inflows and Fund Balances $ 23,408,576 $ 2,012,959 $ 3,627,281 $
<br />1,176,274
<br />$ 30,225,090
<br />Fund Balances - Total Governmental Funds (above)
<br />$ 28,221,509
<br />Amounts reported for governmental activities in the statement of net position are different because:
<br />Capital assets used in governmental activities are not financial resources and, therefore,
<br />are not reported in the funds. (Net of Accumulated Depreciation)
<br />40,391,518
<br />Other long-term assets are not available to pay for current period expenditures and, therefore,
<br />are deferred or not reflected in the funds.
<br />813,024
<br />Long -tern liabilities, including bonds payable, are not due and payable in the current period and,
<br />therefore, are not reported in the funds.
<br />(15,101,680)
<br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the net pension liability
<br />required by GASB 68 in the amount of $10,028,352, a Deferred Outflow of Resources in the amount of
<br />$1,651,067, and a Deferred Inflow of Resources in the amount of $2,650,876. This amounted to a decrease
<br />in Net Position of $11,028,161.
<br />(11,028,161)
<br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the net OPER liability
<br />required by GASB 75 in the amount of $2,869,843, a Deferred Outflow of Resources in the amount of
<br />$456,770, and a Deferred Inflow of Resources in the amount of $215,485. This amounted to a decrease
<br />in Net Position of $2,628,558.
<br />(2,628,558)
<br />Net Position of Governmental Activities
<br />$ 40,667,652
<br />The accompanying notes to the financial statements are an integral part of this statement.
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