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Notes to the Financial Statements
<br />The notes provide additional information that is essential to a full understanding of the data provided in the
<br />government -wide andfund financial statements. The notes .to the financial statements can be found immediately
<br />after the Statement of Changes in Net Position — Fiduciary Funds in this report.
<br />Other Information.
<br />In addition to the basic financial statements and accompanying notes, this report also presents certain required
<br />supplementary information concerning the City of Paris' progress in funding its obligation to provide pension and
<br />other post -employment benefits to its employees. Required supplementary information can be found immediately
<br />following the Notes to the Financial Statements.
<br />Combining and individual fund statements and schedules can be found immediately after the required
<br />supplementary information in this report.
<br />Government -Wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the
<br />case of the City of Paris, assets exceeded liabilities by $103,407,459 at the close of the most recent fiscal year. This
<br />compares to $93,067,810 for the previous year. This was an 11.10% increase in net position.
<br />By far, the largest portion of the City of Paris' net position ($57,789,177 or 55.88%) reflects its net investment in
<br />capital assets (e.g., land, buildings, machinery, and equipment). The City of Paris uses these capital assets to provide
<br />services to citizens; consequently, these assets are not available for future spending. Although the City of Paris'
<br />investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay
<br />this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these
<br />liabilities.
<br />City of Paris
<br />Net Position
<br />Governmental Activities
<br />Business-Tm x� e Activities
<br />Total
<br />2022
<br />2023
<br />2022
<br />2023
<br />2022
<br />2023
<br />Assets
<br />Current and Other Assets $
<br />35,493,063
<br />$ 39,469,331
<br />$ 67,030,765
<br />$ 87,538,931
<br />$ 102,523,828
<br />$127,008,262
<br />Capital Assets
<br />40.,589,238
<br />40,044,939
<br />70 544,343
<br />77.979,255
<br />-111,133 581
<br />118,024,194
<br />Total Assets
<br />76.082.301
<br />_ 79w514270_
<br />137 ..575,108
<br />165 518,186
<br />� ,
<br />213.657,409
<br />�..... www
<br />245,032,456
<br />.-,
<br />Deferred Outflows
<br />Related to Asset
<br />Retirement
<br />-
<br />-
<br />2,707,600
<br />5,140,506
<br />2,707,600
<br />5,140,506
<br />Related to Pension
<br />13,873,084
<br />6,725,001
<br />178,764
<br />929,305
<br />14,051,848
<br />7,654,306
<br />Related to OPEB ......
<br />485.320
<br />430,480
<br />38,529
<br />29.693„
<br />.......... 523 849
<br />460,173
<br />Total Deferred Outflows
<br />14,358,404
<br />7,155,481
<br />2,924,893
<br />6,099,504
<br />17,283,297
<br />13,254,985
<br />Long -Term Liabilities
<br />Outstanding
<br />24,336,260
<br />19,678,153
<br />96,587,781
<br />121,895,899
<br />120,924,041
<br />141,574,052
<br />Other Liabilities
<br />1,849,162
<br />2.168„602
<br />6,851388
<br />7092,505
<br />8.700.550
<br />9,261,107
<br />Total Liabilities
<br />26,185422
<br />21.846.755
<br />103,439,169
<br />128„988,404
<br />129,624,591
<br />150,835,159
<br />Deferred Inflows
<br />Related to Pensions
<br />5,168,101
<br />944,110
<br />871,469
<br />58,033
<br />6,039,570
<br />1,002,143
<br />Related to OPEB
<br />361,020
<br />861,431
<br />11,897
<br />69,856
<br />372,917
<br />931,287
<br />Related to Leases
<br />1-,835,818
<br />_........2,1113933_ _
<br />� .. - �
<br />1,835.,818 �
<br />.. 2,111,393
<br />Total Deferred Inflows
<br />7,364,939
<br />3,916,934
<br />883,366
<br />127,889
<br />8,248,305
<br />4,044,823
<br />6
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