ACFR City of Paris 9-30-2024 with Continuing Disclosure Tables-searchable

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Proprietary funds provide the same type of information as the government -wide financial statements, only in more detail. The proprietary fund used by the City of Paris is considered a major fund. The basic proprietary fund financial statements can be found beginning with Statement 7 and continuing through Statement 9 of this report. Fiduciary Funds The City of Paris is the trustee, or fiduciary, for certain amounts held on behalf of other entities. All of the City's fiduciary activities are reported in a separate Statement of Fiduciary Net Position. The activity of this fund is excluded from the City's other financial statements because the City cannot use these assets to finance its operations. The City is responsible for ensuring that the assets reported in this fund are used for their intended purpose. The basic fiduciary fund financial statements can be found in Statements 10 and 11 of this report. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. The notes to the financial statements can be found immediately after the Statement of Changes in Net Position — Fiduciary Funds in this report. Other Information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City of Paris' progress in funding its obligation to provide pension and other post -employment benefits to its employees. Required supplementary information can be found immediately following the Notes to the Financial Statements. Combining and individual fund statements and schedules can be found immediately after the required supplementary information in this report. Government -Wide Financial Analysis As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the City of Paris, assets exceeded liabilities by $118,036,312 at the close of the most recent fiscal year. This compares to $103,407,459 for the previous year. This was a 14.14% increase in net position. By far, the largest portion of the City of Paris' net position falls in the unrestricted category ($87,854,453 or 74.43%) and may be used to meet the government's ongoing obligations to citizens and creditors. Net investment in capital assets ($21,876,862 or 18.53%) is the next largest portion of net position and is used by the City of Paris to provide services to citizens and is not available for future spending. The remaining net position ($8,304,997 or 7.03%) is restricted in its use. City of Paris Net Position Governmental Activities Business -Type Activities Total Assets