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CITY OF PARIS, TEXAS Statement 5 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities Year Ended September 30, 2023 Amounts reported for governmental activities in the statement of activities (Statement 2) are different because: Net Change in Fund Balances - Total Governmental Funds (Statement 4) $ 3,236,716 Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. (694,333) The net effect of various miscellaneous transactions involving capital assets (i.e., sales and donations) is to decrease net position. 150,034 Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in governmental funds. (79,598) Accrued interest expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. 9,589 Compensated absences reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (46,857) Pension expenses are not reported as expenditures in governmental funds and contributions after the measurement date are deferred. 302,693 OPEB expenses are not reported as expenditures in governmental funds and contributions after the measurement date are deferred. 150,298 The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities. This amount is the net effect of these differences in the treatment of long-term debt and related items. 987,176 Change in net position of governmental activities (Statement 2). $ 4,015,718 The accompanying notes to the financial statements are an integral part of this statement. 20