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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 />Prepaid Items
<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 />2022
<br />2021
<br />$ 35,565,019 $ 30,225,090
<br />1,833,188 1,190,557
<br />2,579,793
<br />813,024
<br />248,423
<br />181,620
<br />145,724
<br />98,883
<br />98,543
<br />1,799,656
<br />1,928,672
<br />2,436,202
<br />3,631,092
<br />1,316,348
<br />672,627
<br />746,789
<br />707,090
<br />130,753
<br />107,574
<br />79,148
<br />76,935
<br />223,467
<br />220,595
<br />23,926,645
<br />20,596,761
<br />31,152,038
<br />28,221,509
<br />$ 35,565,019 $
<br />30,225,090
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund
<br />balances of $31,152,038. Approximately 77.27% of this total amount ($23,926,645) constitutes unassigned fund
<br />balance, which is available for spending at the government's discretion. The remainder of fund balance is reserved
<br />to indicate that it is not available for new spending because it is non -spendable, restricted, or assigned to 1)
<br />Permanent Fund Principal ($98,883), 2) pay debt service ($1,799,656), 3) inventories ($248,423), 4) law
<br />enforcement ($1,316,348), 5) library ($79,148), 6), Public Education ($746,789), 7) capital projects ($2,436,202);
<br />8) Community Development ($354,220), and 9) Prepaid Items ($145,724).
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