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CITY OF PARIS, TEXAS
<br />Notes to Financial Statements (Continued)
<br />September 30, 2022
<br />IV. Detailed Notes on All Activities and Funds (Continued)
<br />C. Accounts Receivable and Payable (Continued)
<br />Net receivable balances not expected to be collected within one year are Property Taxes - $640,976, Fines -
<br />$61,793, EMS - $604,303, Street Assessments - $26,473, and Leases - $1,718,776.
<br />Governmental funds report deferred inflows of resources in connection with receivables for revenue that is
<br />not considered to be available to liquidate liabilities of the current period. At September 30, 2022, the
<br />deferred inflows of resources were $2,579,793.
<br />At year end, PEDC had a receivable for sales tax of $353,246. The balance is expected to be collected within one
<br />year.
<br />Accounts payable at September 30, 2022, were as follows:
<br />Accounts
<br />Governmental Activities
<br />Wages Totals
<br />General Fund
<br />$
<br />813,957
<br />Nonmajor
<br />678,481
<br />$
<br />1,492,438
<br />Capital Projects
<br />Governmental
<br />264,182
<br />General
<br />Debt Service
<br />Funds
<br />Enterprise
<br />Receivables:
<br />4,612
<br />-
<br />Accrued Interest
<br />$ 427
<br />$ -
<br />$ -
<br />$ 32,709
<br />Property Taxes
<br />1,089,159
<br />124,409
<br />-
<br />5,565
<br />Sales Tax
<br />1,765,807
<br />-
<br />-
<br />-
<br />Hotel Occupancy Tax
<br />297,238
<br />-
<br />-
<br />-
<br />Franchise
<br />613,899
<br />-
<br />-
<br />-
<br />Accounts
<br />153,852
<br />-
<br />23,079
<br />2,852,898
<br />Street Assessments
<br />26,473
<br />-
<br />-
<br />-
<br />Fines
<br />2,421,531
<br />-
<br />-
<br />-
<br />EMS
<br />4,077,946
<br />-
<br />-
<br />-
<br />Leases
<br />903,671
<br />-
<br />961,429
<br />-
<br />Notes
<br />2,393,142
<br />-
<br />-
<br />-
<br />Gross Receivables
<br />13,743,145
<br />124,409
<br />984,508
<br />2,891,172
<br />Less: Allowance for Uncollectibles
<br />(4,490,366)
<br />(31,102)
<br />-
<br />(158,903)
<br />Net Total Receivables
<br />$ 9,252,779
<br />$ 93,307
<br />$ 984,508
<br />$ 2,732,269
<br />Net receivable balances not expected to be collected within one year are Property Taxes - $640,976, Fines -
<br />$61,793, EMS - $604,303, Street Assessments - $26,473, and Leases - $1,718,776.
<br />Governmental funds report deferred inflows of resources in connection with receivables for revenue that is
<br />not considered to be available to liquidate liabilities of the current period. At September 30, 2022, the
<br />deferred inflows of resources were $2,579,793.
<br />At year end, PEDC had a receivable for sales tax of $353,246. The balance is expected to be collected within one
<br />year.
<br />Accounts payable at September 30, 2022, were as follows:
<br />Accounts
<br />Governmental Activities
<br />Wages Totals
<br />General Fund
<br />$
<br />813,957
<br />$
<br />678,481
<br />$
<br />1,492,438
<br />Capital Projects
<br />264,182
<br />-
<br />264,182
<br />Special Revenues
<br />4,612
<br />-
<br />4,612
<br />Total - Governmental Activities
<br />$
<br />1,082,751
<br />$
<br />678,481
<br />$
<br />1,761,232
<br />Business -Type Activities
<br />Water and Sewer Fund
<br />$
<br />345,570
<br />$
<br />129,215
<br />$
<br />474,785
<br />Total - Business Type Activities
<br />$
<br />345,570
<br />$
<br />129,215
<br />$
<br />474,785
<br />Fiduciary Activities
<br />Custodial Fund
<br />$
<br />24,883
<br />$
<br />-
<br />$
<br />24,883
<br />Total - Fiduciary Activities
<br />$
<br />24,883
<br />$
<br />-
<br />$
<br />24,883
<br />45
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