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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2023 <br />IV. Detailed Notes on All Activities and Funds, (Continued) <br />D. Capital Assets (Continued) <br />Depreciation/Amortization expense was charged to functions/programs of the primary government as <br />follows: <br />Governmental Activities <br />General Government $ 203,595 <br />Public Safety 769,908 <br />Public Works, Including Depreciation of General Infrastructure Assets 1,445,355 <br />Health 282,051 <br />Culture and Recreation 116,839 <br />Cox Field Airport 127,522 <br />Total Depreciation/Amortization Expense — Governmental Activities 2.945.270 <br />Business -Type Activities <br />Water and Sewer S 2.708,223 <br />Total Depreciation/Amortization Expense — Business -Type Activities mm2k708223 <br />E. Deferred Compensation Plan <br />The City offers its employees two deferred compensation plans created in accordance with Internal Revenue <br />Code Section 457. <br />F. Employee Retirement Systems and Plans <br />The City maintains a nontraditional defined benefit retirement plan for all full-time employees and a single - <br />employer, defined benefit plan for firefighters. <br />1. Texas Municipal Retirement System <br />Plan Desor tion <br />The City of Paris participates as one of 919 plans in the defined benefit cash -balance pension plan <br />administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State <br />of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code <br />(the TMRS Act) as an agent multiple -employer retirement system for municipal employees in the State of <br />Texas. The TMRS Act places the general administration and management of the System with a six -member <br />Board of Trustees. Although the Governor, with the advice and consent of the Senate, appoints the Board, <br />TMRS is not fiscally dependent on the State of Texas. TMRS's defined benefit pension plan is a tax - <br />qualified plan under Section 401 (a) of the Internal Revenue Code. The plan financial statements are <br />prepared using the accrual basis of accounting. TMRS issues a publicly available annual comprehensive <br />financial report (ACFR) that can be obtained at www.tmrs.com. <br />All eligible employees of the city are required to participate in TMRS. <br />49 <br />