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Capital Projects Fund <br />The Capital Projects Fund is funded by the General Fund and/or the Proprietary Fund on an as needed basis or by debt <br />issue authorized by the City Council. As Proprietary Fund projects are completed in the Capital Projects Fund, they <br />are transferred back to the Proprietary Fund. The fund balance in the Capital Projects Fund was $2,958,692 <br />($2,938,214 last year). This increase was due to a positive revenue vs. expense comparison. Variances from year to <br />year are common in this fund as projects are approved on a year-to-year basis by the City Council. <br />Debt Service Fund <br />The Debt Service Fund has a total fund balance of $3,089,892 ($2,002,722 the previous year), all of which is reserved <br />for the payment of debt service. The net increase in fund balance during the current year in the debt service fund was <br />$1,087,170 ($203,066 increase the previous year). The government enacted a dedicated property tax for debt service <br />at the beginning of the current fiscal year. This tax produced revenues of $2,828,770 in the current fiscal year <br />($1,079,215 the previous year). <br />Proprietary Fund <br />The City of Paris' Proprietary Fund provides the same type of information found in the government -wide financial statements, <br />but in more detail. <br />Unrestricted net position of the Water and Sewer Fund at the end of the year amounted to $61,962,470 ($15,782,990 the <br />previous year). Factors concerning the finances of this fund have already been addressed in the discussion of the City <br />of Paris' business -type activities. <br />Capital Asset and Debt Administration <br />Capital Assets <br />The City of Paris' investment in capital assets for its governmental and business -type activities as of September 30, <br />2024 amounts to $135,918,276 ($117,454,141 the previous year). Both amounts are net of accumulated depreciation. <br />This investment in capital assets includes land, buildings, improvements, machinery and equipment, park facilities, <br />roads, highways, and bridges. <br />12 <br />