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Governmental Funds
<br />The focus of the City of Paris' governmental funds is to provide information on near-term inflows, outflows, and
<br />balances of spendable resources. Such information is useful in assessing the City of Paris' financing requirements. In
<br />particular, unassigned fund balance may serve as a useful measure of a government's net resources available for
<br />spending at the end of the fiscal year.
<br />Total Assets
<br />Total Liabilities
<br />Deferred Inflows of Resources
<br />Fund Balances
<br />Nonspendable:
<br />Inventory
<br />Prepaid Items
<br />Permanent Fund Principal
<br />Restricted For:
<br />Debt Service
<br />Capital Projects
<br />Notes
<br />Law Enforcement
<br />Public Education
<br />Community Development
<br />Assigned:
<br />Library
<br />Community Development
<br />Unassigned:
<br />General Fund
<br />Total Fund Balances
<br />Total Liabilities, Deferred Inflows
<br />and Fund Balances
<br />Governmental Funds
<br />2022
<br />2023
<br />$ 35,565,019 $ 39,340,134
<br />1,833,188
<br />2,579,793
<br />248,423
<br />145,724
<br />98,883
<br />1,799,656
<br />2,436,202
<br />1,316,348
<br />746,789
<br />130,753
<br />79,148
<br />223,467
<br />2,175,610
<br />775,770
<br />275,122
<br />100,530
<br />2,002,722
<br />2,942,370
<br />1,408,798
<br />798,716
<br />287,139
<br />81,211
<br />238,210
<br />23,926,645 26,253,936
<br />31,152,03834,388,754
<br />$ 35,565,019 $ 39,340,134
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund
<br />balances of $34,388,754. Approximately 76.34% of this total amount ($26,253,936) constitutes unassigned fund
<br />balance, which is available for spending at the government's discretion. The remainder of fund balance is reserved
<br />to indicate that it is not available for new spending because it is non -spendable, restricted, or assigned to 1)
<br />Permanent Fund Principal ($100,530), 2) pay debt service ($2,002,722), 3) inventories ($275,122), 4) law
<br />enforcement ($1,408,798), 5) library ($81,211), 6), Public Education ($798,716), 7) capital projects ($2,942,370);
<br />and 8) Community Development ($525,349).
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