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Debt Service Fund
<br />The Debt Service Fund has a total fund balance of $1,799,656 ($1,928,372 the previous year), all of which is
<br />reserved for the payment of debt service. The net decrease in fund balance during the current year in the debt service
<br />fund was $192,987 ($161,809 increase the previous year). There was a prior period adjustment that offset the
<br />decrease in fund balance by $63,971. The government enacted a dedicated property tax for debt service at the
<br />beginning of the current fiscal year. This tax produced revenues of $1,644,776 in the current fiscal year ($1,541,384
<br />the previous year).
<br />Proprietary Fund
<br />The City of Paris' Proprietary Fund provides the same type of information found in the government -wide financial
<br />statements, but in more detail.
<br />Unrestricted net position of the Water and Sewer Fund at the end of the year amounted to $15,457,391 ($11,802,173
<br />the previous year). Factors concerning the finances of this fund have already been addressed in the discussion of the
<br />City of Paris' business -type activities.
<br />Capital Asset and Debt Administration
<br />Capital Assets
<br />The City of Paris' investment in capital assets for its governmental and business -type activities as of September 30,
<br />2022 amounts to $110,906,788 ($108,245,426 the previous year). Both of these amounts are net of accumulated
<br />depreciation. This investment in capital assets includes land, buildings, improvements, machinery and equipment,
<br />park facilities, roads, highways, and bridges.
<br />Net Capital Assets
<br />Additional information on the City of Paris' capital assets can be found in note IV. D. of the Notes to the Financial
<br />Statements.
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<br />Governmental Activities
<br />Business -Type Activities
<br />Total
<br />2022
<br />2021
<br />2022
<br />2021
<br />2022
<br />2021
<br />Land
<br />$ 6,101,909
<br />$ 5,950,108
<br />$ 339,620
<br />$ 339,620
<br />$ 6,441,529 $
<br />6,289,728
<br />Buildings and System
<br />9,652,918
<br />10,048,032
<br />23,609,694
<br />25,794,430
<br />33,262,612
<br />35,842,462
<br />Improvements Other
<br />than Buildings
<br />2,130,906
<br />2,363,745
<br />-
<br />-
<br />2,130,906
<br />2,363,745
<br />Machinery, Furniture,
<br />and Equipment
<br />4,819,859
<br />4,608,507
<br />1,771,306
<br />1,324,682
<br />6,591,165
<br />5,933,189
<br />Infrastructure
<br />16,172,728
<br />17,157,762
<br />-
<br />-
<br />16,172,728
<br />17,157,762
<br />Construction in Progress
<br />1,484,125
<br />263,364
<br />41,652,434
<br />37,188,254
<br />43,136,559
<br />37,451,618
<br />Water Rights -Net
<br />-
<br />-
<br />3,171,289
<br />3,206,922
<br />3,171,289
<br />3,206,922
<br />Total
<br />$ 40,362,445
<br />$ 40,391,518
<br />$ 70,544,343
<br />$ 67,853,908
<br />$ 110,906,788 $
<br />108,245,426
<br />Additional information on the City of Paris' capital assets can be found in note IV. D. of the Notes to the Financial
<br />Statements.
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