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Net Position
<br />Net Investment in
<br />Capital Assets
<br />28,267,799
<br />26,703,929
<br />20,720,075 33,410,030 48,987,874
<br />60,113,959
<br />Restricted
<br />6,528,631
<br />7,357,621
<br />- - 6,528,631
<br />7,357,621
<br />Unrestricted
<br />22,093,914
<br />6,606,102
<br />15,457,391 11,802,173 37,551,305
<br />18,408,275
<br />Total Net Position
<br />$ 56,890,344
<br />$ 40,667,652
<br />$ 36,177,466 $ 45,212,203 $ 93,067,810
<br />$ 85,879,855
<br />An additional portion of the City of Paris' net position ($6,528,631 or 7.01%) represents resources that are subject to
<br />external restrictions on how they may be used. The balance of unrestricted net position ($37,551,305 or 40.35%)
<br />may 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 1 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 $15,934,822 or 39.18% during the current fiscal
<br />year. The bulk of this increase was caused by a transfer in of the firefighter pension bond proceeds used to fully fund
<br />that pension fund. Total general and program revenues were up $5,383,135 (16.38%). This increase was due to
<br />significant increases in program revenues and miscellaneous revenues with property, sales, and franchise taxes also
<br />contributing to the increase.
<br />Property Taxes
<br />Sales Taxes
<br />Franchise Taxes
<br />Hotel Occupancy Tax
<br />Unrestricted Investment Earnings
<br />Miscellaneous
<br />Gain (Loss) on Sale of Capital Asset
<br />Program Revenues
<br />General Revenues & Proeram Revenues
<br />2022
<br />$ 9,863,420
<br />9,650,605
<br />4,827,601
<br />1,151,124
<br />279,262
<br />1,548,315
<br />111,727
<br />10,808,246
<br />Increase
<br />2021 (Decrease)
<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 />$ 302,026
<br />454,448
<br />574,419
<br />(41,749)
<br />237,558
<br />1,001,924
<br />(13,449)
<br />2,867,958
<br />$ 38,240,300 $ 32,857,165 $ 5,383,135
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