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CITY OF PARIS, TEXAS <br />Balance Sheet - Governmental Funds <br />September 30, 2022 <br />Amounts reported for governmental activities in the statement of net position are different because: <br />Fund Balances - Total Governmental Funds <br />Amounts reported for governmental activities in the statement of net position are different because: <br />Capital and right -to -use assets used in governmental activities are not financial resources and, therefore, <br />are not reported in the funds. (Net of Accumulated Depreciation/Amortization) <br />Other long-term assets are not available to pay for current period expenditures and, therefore, <br />are deferred or not reflected in the funds. <br />Long-term liabilities, including bonds payable, are not due and payable in the current period and, <br />therefore, are not reported in the funds. <br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the net pension liability <br />required by GASB 68 in the amount of $5,896,434, a Deferred Outflow of Resources in the amount of <br />$14,069,300, and a Deferred Inflow of Resources in the amount of $5,228,704. This amounted to an increase <br />in Net Position of $2,944,162. <br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the net OPEB liability <br />required by GASB 75 in the amount of $4,717,528, a Deferred Outflow of Resources in the amount of <br />$289,104, and a Deferred Inflow of Resources in the amount of $300,417. This amounted to a decrease <br />in Net Position of $4,728,841. <br />Net Position of Governmental Activities <br />The accompanying notes to the financial statements are an integral part of this statement. <br />17 <br />Statement 3 <br />(Continued) <br />$ 31,152,038 <br />40,589,238 <br />743,975 <br />(13, 810,228) <br />2,808,549 <br />(4,593,228) <br />$ 56,890,344 <br />