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CITY OF PARIS, TEXAS
<br />Notes to Financial Statements (Continued)
<br />September 30, 2022
<br />IL Reconciliation of Government -Wide and Fund Financial Statements
<br />A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government -
<br />Wide Statement of Net Position
<br />The governmental fund balance sheet includes a reconciliation between fund balance — total governmental
<br />funds and net position — governmental activities as reported in the government -wide statement of net
<br />position. One element of that reconciliation explains that "capital and right -to -use assets used in
<br />governmental activities are not financial resources and, therefore, are not reported in the funds." The
<br />details of this $40,589,238 are as follows:
<br />Land
<br />$ 10,605,000
<br />Construction in Progress
<br />Buildings
<br />98,031
<br />Less: Accumulated Depreciation —
<br />Buildings
<br />Improvements Other Than Buildings
<br />629,539
<br />Less: Accumulated Depreciation —
<br />Improvements Other Than Buildings
<br />Machinery and Equipment
<br />87,930
<br />Less: Accumulated Depreciation —
<br />Machinery and Equipment
<br />Infrastructure
<br />150,000
<br />Less: Accumulated Depreciation —
<br />Infrastructure
<br />Right -To -Use Assets
<br />S 13,810,228
<br />Less: Accumulated Amortization —
<br />Right -To -Use Assets
<br />Net Adjustment to Increase Fund Balance
<br />— Total Governmental Funds
<br />to Arrive at Net Position — Governmental Activities
<br />$ 6,101,909
<br />1,484,125
<br />20,640,470
<br />(10,987,552)
<br />6,664,963
<br />(4,534,057)
<br />23,985,850
<br />(19,165,991)
<br />52,733,342
<br />(36,560,614)
<br />278,821
<br />(52,028)
<br />L 40,589,238
<br />Another element of that reconciliation explains that "long-term liabilities, including bonds payable, are not
<br />due and payable in the current period and, therefore, are not reported in the funds." The details of this
<br />$13,810,228 difference are as follows:
<br />Bonds Payable
<br />$ 10,605,000
<br />Plus: Premiums on Bonds Payable (to be Amortized
<br />Over the Life of the Debt)
<br />98,031
<br />Tax Notes Payable
<br />770,000
<br />Financed Purchases
<br />629,539
<br />Leases
<br />218,870
<br />Accrued Interest
<br />87,930
<br />Compensated Absences
<br />1,250,858
<br />Landfill Post -Closure Care Costs
<br />150,000
<br />Net Adjustment to Reduce Fund Balance — Total Governmental Funds
<br />to Arrive at Net Position — Governmental Activities
<br />S 13,810,228
<br />41
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