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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 balances
<br />of spendable resources. Such information is useful in assessing the City of Paris' financing requirements. In particular,
<br />unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end
<br />of the fiscal year.
<br />Governmental Funds
<br />Total Assets
<br />Total Liabilities
<br />Deferred Inflows of Resources
<br />Fund Balances
<br />Nonspendable
<br />Inventories
<br />Prepaid Items
<br />Long -Term Receivables and
<br />Interfund Loans
<br />Permanent Fund Principal
<br />Restricted For
<br />Debt Service
<br />Capital Projects
<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 />2024 2023
<br />$ 43,064,955 $ 39,340,134
<br />2.160.267 2.175.610
<br />r!.irLi>A
<br />354,666
<br />275,122
<br />382,969
<br />-
<br />3,263,522
<br />-
<br />108,145
<br />100,530
<br />2,994,786
<br />2,002,722
<br />2,963,117
<br />2,942,370
<br />1,134,300
<br />1,408,798
<br />841,645
<br />798,716
<br />263,004
<br />287,139
<br />90,213
<br />81,211
<br />252,128
<br />238,210
<br />25,624,971
<br />26,253,936
<br />34 388 754
<br />38 273 466
<br />$ 43,064,955 $
<br />39,340,134
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund balances
<br />of $38,273,466. Approximately 66.95% of this total amount ($25,624,971) constitutes unassigned fund balance, which
<br />is available for spending at the government's discretion. The remainder of fund balance is reserved to indicate that it
<br />is not available for new spending because it is non -spendable, restricted, or assigned to 1) Permanent Fund Principal
<br />($108,145), 2) pay debt service ($2,994,786), 3) inventories ($354,666), 4) law enforcement ($1,134,300), 5) library
<br />($90,213), 6), Public Education ($841,645), 7) capital projects ($2,963,117); 8) Community Development ($515,132),
<br />9) Prepaid Items ($382,969), and 10) Long -Term Receivables and Interfund Loans ($3,263,522).
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