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CITY OF PARIS, TEXAS
<br />Statement 8
<br />Statement of Revenues, Expenses, and Changes in Fund Net Position
<br />3,023,205
<br />Proprietary Funds
<br />1,270,174
<br />Year Ended September 30, 2021
<br />3,607,507
<br />Maintenance
<br />Water and Sewer
<br />Sundry Charges
<br />Enterprise Fund
<br />Operating Revenues
<br />20,478
<br />Charges for Sales and Services
<br />695,425
<br />Water Sales and Taps
<br />$ 8,616,650
<br />Sewer Charges and Taps
<br />7,194,829
<br />Sanitation Billing Fees
<br />64,117
<br />Service Charges
<br />183,085
<br />Industrial Surcharges
<br />73,154
<br />Miscellaneous
<br />435,693
<br />Total Operating Revenues
<br />16,567,528
<br />Operating Expenses
<br />1,471,194
<br />Personnel
<br />3,023,205
<br />Supplies
<br />1,270,174
<br />Contractual
<br />3,607,507
<br />Maintenance
<br />969,731
<br />Sundry Charges
<br />721,515
<br />Bad Debt Expense
<br />20,478
<br />Other
<br />695,425
<br />Depreciation
<br />2,910,029
<br />Amortization of Water Rights
<br />35,632
<br />Amortization of Asset Retirement Obligation
<br />96,700
<br />Total Operating Expenses
<br />13,350,396
<br />Operating Income
<br />3,217,132
<br />Nonoperating Revenues (Expenses)
<br />Investment Earnings
<br />181,241
<br />Net Increase (Decrease) in the Fair Value of Investments
<br />(232,804)
<br />Gain/(Loss) on Sale of Capital Assets
<br />19,321
<br />Interest Expense
<br />(1,891,147)
<br />Net Nonoperating Revenues (Expenses)
<br />(1,923,389)
<br />Income Before Contributions, Other Revenue, and Transfers 1,293,743
<br />Capital Contributions, Other Revenue, and Transfers
<br />Transfers In 306,693
<br />Transfers Out (129,242)
<br />Total Capital Contributions, Other Revenue, and Transfers 177,451
<br />Changes in Net Position
<br />1,471,194
<br />Total Net Position - Beginning
<br />43,803,809
<br />Prior Period Adjustment
<br />(62,800)
<br />Total Net Position - Beginning, as Restated
<br />43,741,009
<br />Total Net Position - Ending
<br />$ 45,212,203
<br />The accompanying notes to the financial statements are an integral part of this statement.
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