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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 />K. Long -Term Liabilities (Continued)
<br />General Obligation Certificates of Obligation and Other Long -Term Obligations (Continued)
<br />The State of Texas is requiring additional monitoring of a landfill owned by the City that has been closed for
<br />several years. The City and its' consultants estimate that, based on known requirements, future costs may be
<br />$150,000. These costs are subject to change resulting from inflation, deflation, technology, or changes in
<br />applicable laws or regulations.
<br />A summary of long-term liability transactions for the year ended September 30, 2022, follows:
<br />Governmental Activities
<br />Debt Payable
<br />Bonds Payable
<br />Tax Notes Payable
<br />Premium
<br />Financed Purchases
<br />Total Debt Payable
<br />Compensated Absences
<br />Right -to -use Lease Liability
<br />Landfill Post -Closure
<br />Care Costs
<br />Governmental Activities
<br />Long -Term Liabilities
<br />Business -Type Activities
<br />Debt Payable
<br />Bonds Payable
<br />Tax Notes Payable
<br />Premium
<br />Discount
<br />Total Debt Payable
<br />Compensated Absences
<br />Business -Type Activities
<br />Long -Term Liabilities
<br />Balance Balance
<br />September 30, September 30, Due Within
<br />2021 Additions Reductions 2022 One Year
<br />$ 11,830,000 $ -
<br />955,000 -
<br />110,137 -
<br />792,453 -
<br />13,687,590 -
<br />1,162,864 833,242
<br />67,640 211,181
<br />$ 1,225,000
<br />$ 10,605,000
<br />$ 745,000
<br />185,000
<br />770,000
<br />190,000
<br />12,105
<br />98,032
<br />-
<br />162,915
<br />629,538
<br />167,811
<br />1,585,020
<br />12,102,570
<br />1,102,811
<br />745,248
<br />1,250,858
<br />125,086
<br />59,949
<br />218,870
<br />52,306
<br />150,000 - - 150,000 -
<br />$ 15,068,094 $ 1,044,423 $ 2,399,217 $ 13,722,298 $ 1,280,203
<br />$ 36,575,000
<br />43,855,000
<br />3,113,006
<br />83,543,006
<br />$ 12,355,000 $ 2,345,000 $ 46,585,000 $ 3,020,000
<br />- - 43,855,000 1,210,000
<br />285,006 2,828,000 -
<br />(44,080) - (44,080) -
<br />12,310,920 2,630,006 93,223,920 4,230,000
<br />222,773 185,308 185,308 222,773 22,277
<br />$ 83,765,779 $ 12,496,228 $ 2,815,314 $ 93,446,693 $ 4,252,277
<br />69
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