|
The following table provides a summary of the City's operations for the years ending 2022 and 2023 for both
<br />governmental and business -type activities..
<br />City of Paris
<br />Changes in Net Position
<br />Business -Type Activities
<br />Business -type activities increased the City of Paris' net position by $6,323,931. This increase was interest earnings on
<br />investments and property taxes used to pay some business -type debt.
<br />Financial Analysis of the Government's Funds
<br />As noted earlier, the City of Paris uses fund accounting to ensure and demonstrate compliance with finance -related
<br />legal requirements.
<br />8
<br />Governmental Activities
<br />°V�..erm
<br />. ...,..
<br />Business .WL Lrg e Activities
<br />_ _........
<br />Total
<br />2022
<br />2023
<br />_�
<br />2022
<br />2023
<br />2022
<br />.......
<br />2023.
<br />Revenues
<br />.. __..
<br />Program Revenues
<br />Charges for Services
<br />$ 9,189,299
<br />$ 11,972,295
<br />$ 18,397,839
<br />$ 19,633,034
<br />$27,587,138
<br />$ 31,605,329
<br />Operating Grants and
<br />Contributions
<br />522,574
<br />1,536,446
<br />1,371,533
<br />998,533
<br />1,894,107
<br />2,534,979
<br />Capital Grants and
<br />Contributions
<br />1,096,373
<br />1,090,865
<br />-
<br />62,500
<br />1,096,373
<br />1,153,365
<br />General Revenues
<br />Property Taxes
<br />9,863,420
<br />9,207,529
<br />-
<br />1,228,894
<br />9,863,420
<br />10,436,423
<br />Sales Taxes
<br />9,650,605
<br />10,496,451
<br />-
<br />-
<br />9,650,605
<br />10,496,451
<br />Franchise Taxes
<br />4,827,601
<br />4,725,373
<br />-
<br />4,827,601
<br />4,725,373
<br />Hotel Occupancy
<br />Tax
<br />1,151,124
<br />1,284,639
<br />-
<br />-
<br />1,151,124
<br />1,284,639
<br />Unrestricted
<br />Investment Earnings
<br />279,262
<br />1,369,937
<br />(1,376,170)
<br />3,248,285
<br />(1,096,908)
<br />4,618,222
<br />Other
<br />1,660,042
<br />1,182,728
<br />66,138
<br />38,800
<br />1,726,18
<br />1.221,528
<br />Total Revenues
<br />3....
<br />8 240,300
<br />42,866,263
<br />..._. 18,459,340
<br />25,,210,046
<br />_56-09,6_4"067
<br />68 076,309
<br />Expenses
<br />General Government
<br />7,891,210
<br />5,275,865
<br />-
<br />-
<br />7,891,210
<br />5,275,865
<br />Public Safety
<br />12,265,360
<br />13,157,874
<br />-
<br />-
<br />12,265,360
<br />13,157,874
<br />Public Works
<br />8,186,910
<br />9,148,859
<br />-
<br />-
<br />8,186,910
<br />9,148,859
<br />Health
<br />3,781,493
<br />9,029,457
<br />-
<br />-
<br />3,781,493
<br />9,029,457
<br />Culture and Recreation
<br />774,910
<br />932,113
<br />-
<br />-
<br />774,910
<br />932,113
<br />Other
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Cox Field
<br />1,099,517
<br />1,109,416
<br />-
<br />-
<br />1,099,517
<br />1,109,416
<br />Interest on Long -Term
<br />Debt
<br />52,281
<br />39,542
<br />-
<br />-
<br />52,281
<br />39,542
<br />Water and Sewer
<br />-
<br />-
<br />15,747,874
<br />19,043.534
<br />15,747,874
<br />19,043,534
<br />Total Expenses
<br />34.051,681
<br />38 693 126
<br />15.747,874
<br />.534
<br />19 043m
<br />- 49 799 555
<br />57.736 660
<br />..
<br />Increase (Decrease) in
<br />Net Position Before
<br />Transfers
<br />4,188,619
<br />4,173,137
<br />2,711,466
<br />6,166,512
<br />6,900,085
<br />10,339,649
<br />Transfers/Special
<br />rans ers S ecial Items
<br />11,746,203
<br />915 9
<br />7,41)
<br />. _
<br />(11.746,203)
<br />� 157419
<br />-
<br />-
<br />Increase(Decrease)in
<br />Net Position
<br />15,934,822
<br />4.015.718
<br />(9,034,737)
<br />6,323,931
<br />6,900,085
<br />10,339,649
<br />Net Position, Beginning
<br />40,667,652
<br />56,890,344
<br />45,212,203
<br />36,177,466
<br />85,879,855
<br />93,067,810
<br />Prior Period Adjustment
<br />287,870
<br />-
<br />-
<br />-
<br />287,870
<br />-
<br />Net Position, Ending
<br />$56 890 3. MM.
<br />..mm 44
<br />-,�
<br />$ 60 906 062
<br />$ 36 177 466
<br />.. ...,..... _w_. -.._
<br />_
<br />$ 4 2,501,397
<br />$_93,087,810
<br />..............
<br />$ 103,407.„459
<br />Business -Type Activities
<br />Business -type activities increased the City of Paris' net position by $6,323,931. This increase was interest earnings on
<br />investments and property taxes used to pay some business -type debt.
<br />Financial Analysis of the Government's Funds
<br />As noted earlier, the City of Paris uses fund accounting to ensure and demonstrate compliance with finance -related
<br />legal requirements.
<br />8
<br />
|