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CITY OF PARIS, TEXAS Statement 3 Balance Sheet - Governmental Funds (Continued) September 30, 2023 Amounts reported for governmental activities in the statement of net position are different because: Fund Balances - Total Governmental Funds $ 34,388,754 Amounts reported for governmental activities in the statement of net position are different because: Capital and right -to -use assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. (Net of Accumulated Depreciation/Amortization) 40,044,939 Other long-term assets are not available to pay for current period expenditures and, therefore, are deferred or not reflected in the funds. 664,377 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. (12,860,320) Included in noncurrent liabilities is the recognition of the City's proportionate share of the net pension liability required by GASB 68 in the amount of $2,884,195, a net pension asset in the amount of $214,546, a Deferred Outflow of Resources in the amount of $6,725,001, and a Deferred Inflow of Resources in the amount of $944,110. This amounted to an increase in Net Position of $3,111,242. 3,111,242 Included in noncurrent liabilities is the recognition of the City's proportionate share of the net OPEB liability required by GASB 75 in the amount of $4,011,979, a Deferred Outflow of Resources in the amount of $430,480, and a Deferred Inflow of Resources in the amount of $861,431. This amounted to a decrease in Net Position of $4,442,930. (4,442,930) Net Position of Governmental Activities $ 60,906,062 The accompanying notes to the financial statements are an integral part of this statement. 17