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Capital Grants and
<br />Contributions
<br />1,237,428
<br />1,090,865
<br />188,074
<br />62,500
<br />1,425,502
<br />1,153,365
<br />General Revenues
<br />Property Taxes
<br />11,121,845
<br />9,207,529
<br />1,145,302
<br />1,228,894
<br />12,267,147
<br />10,436,423
<br />Sales Taxes
<br />10,828,578
<br />10,496,451
<br />-
<br />-
<br />10,828,578
<br />10,496,451
<br />Franchise Taxes
<br />4,697,982
<br />4,725,373
<br />-
<br />-
<br />4,697,982
<br />4,725,373
<br />Hotel Occupancy
<br />Taxes
<br />1,451,801
<br />1,284,639
<br />-
<br />-
<br />1,451,801
<br />1,284,639
<br />Unrestricted
<br />Investment Earnings
<br />1,968,083
<br />1,369,937
<br />5,133,463
<br />3,248,285
<br />7,101,548
<br />4,618,222
<br />Miscellaneous
<br />3,061,069
<br />1,182,728
<br />-
<br />38,800
<br />3,061,069
<br />1,221,528
<br />Total Revenues
<br />45,889,796
<br />42,866,263
<br />27,870,747
<br />25,210,046
<br />73,760,545
<br />68,076,309
<br />Expenses
<br />General Government
<br />6,222,625
<br />5,275,865
<br />-
<br />-
<br />6,222,627
<br />5,275,865
<br />Public Safety
<br />13,761,148
<br />13,157,874
<br />-
<br />-
<br />13,761,148
<br />13,157,874
<br />Public Works
<br />9,819,300
<br />9,148,859
<br />-
<br />-
<br />9,819,300
<br />9,148,859
<br />Health
<br />6,606,156
<br />9,029,457
<br />-
<br />-
<br />6,606,156
<br />9,029,457
<br />Culture and Recreation
<br />988,985
<br />932,113
<br />-
<br />-
<br />988,985
<br />932,113
<br />Other
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Cox Field Airport
<br />1,061,018
<br />1,109,416
<br />-
<br />-
<br />1,061,018
<br />1,109,416
<br />Interest on Long -Term
<br />Debt
<br />262,654
<br />39,542
<br />-
<br />-
<br />262,654
<br />39,542
<br />Water and Sewer
<br />-
<br />-
<br />20,624,122
<br />19,043,534
<br />20,624,122
<br />19,043,534
<br />Total Expenses
<br />38,721,886
<br />38,693,126
<br />20,624,122
<br />19,043,534
<br />59,346,010
<br />57,736,660
<br />Increase (Decrease) in
<br />Net Position Before
<br />Transfers
<br />7,167,910
<br />4,173,137
<br />7,246,625
<br />6,166,512
<br />14,414,535
<br />10,339,649
<br />Transfers/Special Items
<br />(23,005,896)
<br />(157,419)
<br />23,005,896
<br />157,419
<br />-
<br />-
<br />2024
<br />2023
<br />2024
<br />2023
<br />2024
<br />2023
<br />Business -Type Activities
<br />Increase(Decrease) in
<br />Net Position (15,837,986) 4,015,718 30,252,521 6,323,931 14,414,535 10,339,649
<br />Net Position, Beginning 60,906,062 56,890,344 42,501,397 36,177,466 103,407,459 93,067,810
<br />Restatement 214,318 - - - 214,318 -
<br />Net Position, Ending $ 45,282,394 $ 60,906,062 $ 72,753,918 $ 42,501,397 $ 118,036,312 $103,407,459
<br />Business -type
<br />activities increased
<br />the City of Paris' net position by $30,252,521. This increase was primarily due to increased interest earnings on investments and
<br />reclassification of grant revenue and debt issuance.
<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 legal
<br />requirements.
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