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Notes to the Financial Statements
<br />The notes provide additional information that is essential to a full understanding of the data provided in the
<br />government -wide and fund financial statements. The notes to the financial statements can be found immediately
<br />after the Statement of Changes in Net Position — Fiduciary Funds in this report.
<br />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 $93,067,810 at the close of the most recent fiscal year. This
<br />compares to $85,879,855 for the previous year. This was an 8.37% increase in net position.
<br />By far, the largest portion of the City of Paris' net position ($48,987,874 or 52.64%) reflects its net investment in
<br />capital assets (e.g., land, buildings, machinery, and equipment). The City of Paris uses these capital assets to provide
<br />services to citizens; consequently, these assets are not available for future spending. Although the City of Paris'
<br />investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay
<br />this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these
<br />liabilities.
<br />Assets
<br />Current and Other Assets
<br />Capital Assets
<br />Total Assets
<br />Deferred Outflows
<br />Related to Asset
<br />Retirement
<br />Related to Pension
<br />Related to OPEB
<br />Total Deferred Outflows
<br />Long -Tenn Liabilities
<br />City of Paris
<br />Net Position
<br />Governmental Activities
<br />Business -Type
<br />Activities
<br />Total
<br />Total
<br />2022
<br />2021
<br />2022
<br />2021
<br />2022
<br />2021
<br />$ 35,493,063
<br />$ 30,225,091
<br />$ 67,030,765
<br />$ 67,149,358
<br />$ 102,523,828
<br />$ 97,374,449
<br />40,589,238
<br />40,391,518
<br />70,544,343
<br />67,853,908
<br />111,133,581
<br />108,245,426
<br />Related to Pensions
<br />76,082,301
<br />70,616,609
<br />137,575,108
<br />135,003,266
<br />213,657,409
<br />205,619,875
<br />Related to OPEB
<br />361,020
<br />215,485
<br />11,897
<br />13,602
<br />372,917
<br />-
<br />-
<br />2,707,600
<br />2,804,300
<br />2,707,600
<br />2,804,300
<br />13,873,084
<br />1,651,067
<br />178,764
<br />163,384
<br />14,051,848
<br />1,814,451
<br />485,320
<br />456,770
<br />38,529
<br />47,281
<br />523,849
<br />504,051
<br />14,358,404
<br />2,107,837
<br />2,924,893
<br />3,014,965
<br />17,283,297
<br />5,122,802
<br />Outstanding
<br />24,336,260
<br />27,898,649
<br />96,587,781
<br />86,894,194
<br />120,924,041
<br />114,792,843
<br />Other Liabilities
<br />1,849,162
<br />1,291,784
<br />6,851,388
<br />5,519,745
<br />8,700,550
<br />6,811,529
<br />Total Liabilities
<br />26,185,422
<br />29,190,433
<br />103,439,169
<br />92,413,939
<br />129,624,591
<br />121,604,372
<br />Deferred Inflows
<br />Related to Pensions
<br />5,168,101
<br />2,650,876
<br />871,469
<br />378,487
<br />6,039,570
<br />3,029,363
<br />Related to OPEB
<br />361,020
<br />215,485
<br />11,897
<br />13,602
<br />372,917
<br />229,087
<br />Related to Leases
<br />1,835,818
<br />-
<br />-
<br />-
<br />1,835,818
<br />-
<br />Total Deferred Inflows
<br />7,364,939
<br />2,866,361
<br />883,366
<br />392,089
<br />8,248,305
<br />3,258,450
<br />6
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