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Net Capital Assets
<br />Governmental Activities Business -Type Activities
<br />Total
<br />Total
<br />Land
<br />$ 6,142,418
<br />$ 6,142,418
<br />$ 339,620
<br />$ 339,620
<br />$ 6,482,038
<br />$ 6,482,038
<br />Buildings and
<br />6,950,000
<br />-
<br />06-15-37
<br />Aa3
<br />-
<br />520,000
<br />System
<br />10,946,218
<br />11,057,889
<br />55,056,368
<br />56,826,303
<br />66,002,586
<br />67,884,192
<br />Improvements
<br />12-15-29
<br />Aa3
<br />390,000
<br />-
<br />06-15-26
<br />N/A
<br />Other than
<br />27,885,000
<br />12-15-50
<br />Aa3
<br />-
<br />11,180,000
<br />06-15-42
<br />Buildings
<br />3,994,562
<br />1,902,078
<br />-
<br />-
<br />3,994,562
<br />1,902,078
<br />Machinery,
<br />Aa3
<br />-
<br />42,790,000
<br />06-15-54
<br />Aa3
<br />288.902
<br />Furniture, and
<br />01-28-26
<br />N/A
<br />$ 42,283,902
<br />$ 116,830,000
<br />Equipment
<br />4,396,008
<br />4,978,358
<br />2,781,716
<br />2,608,174
<br />7,177,724
<br />7,586,532
<br />Infrastructure
<br />14,312,220
<br />15,273,977
<br />-
<br />-
<br />14,312,220
<br />15,273,977
<br />Construction
<br />in Progress
<br />393,403
<br />311,377
<br />34,455,719
<br />14,878,290
<br />34,849,122
<br />15,189,667
<br />Water Rights
<br />— Net
<br />-
<br />-
<br />3,100,024
<br />3,135,657
<br />3,100,024
<br />3,135,657
<br />Additional
<br />2024
<br />2023
<br />2024
<br />2023
<br />2024
<br />2023
<br />information
<br />$40,184,829
<br />$39,666,097
<br />$95,733,447
<br />$77,788,044
<br />$135,918,276
<br />$117,454,141 on the
<br />City of Paris' capital assets can be found in note IV. D. of the Notes to the Financial Statements.
<br />Long -Term Debt
<br />The City of Paris has total debt outstanding in the amount of $159,113,902 (includes two financed purchases). Of this
<br />amount, $41,995,000 comprises debt being paid for by property tax, and $116,830,000 represents bonds being paid
<br />for by water and sewer revenues.
<br />Issue
<br />2013 C.O. (TWDB)
<br />2016 G.O. Bonds
<br />2017 G.O. Bonds
<br />2018 G.O. Bonds
<br />2020 Tax and Rev. C.O. (Civic Center)
<br />2020 G.O. Refunding Bonds
<br />2020 Tax Notes
<br />2021 Tax and Rev. C.O.
<br />2022 GO Pension Bonds
<br />2022 Water & Sewer System Rev. Bds.
<br />2023 GO Refunding Bonds
<br />2024 Tax and Rev. C.O.
<br />Financed Purchases-Firetrucks
<br />Total
<br />Revenue
<br />Tax Supported Supported Fund Maturity
<br />Moody's
<br />Investors
<br />Rating Insured
<br />$ -
<br />$ 1,260,000
<br />06-15-32
<br />N/A
<br />-
<br />5,840,000
<br />12-15-36
<br />Aa3
<br />6,950,000
<br />-
<br />06-15-37
<br />Aa3
<br />-
<br />520,000
<br />06-15-38
<br />Aa3
<br />-
<br />935,000
<br />06-15-30
<br />N/A
<br />1,210,000
<br />-
<br />12-15-29
<br />Aa3
<br />390,000
<br />-
<br />06-15-26
<br />N/A
<br />12,875,000
<br />27,885,000
<br />12-15-50
<br />Aa3
<br />-
<br />11,180,000
<br />06-15-42
<br />Aa3
<br />-
<br />26,420,000
<br />06-15-51
<br />Aa3
<br />20,570,000
<br />-
<br />12-15-43
<br />Aa3
<br />-
<br />42,790,000
<br />06-15-54
<br />Aa3
<br />288.902
<br />01-28-26
<br />N/A
<br />$ 42,283,902
<br />$ 116,830,000
<br />Paris' bond debt increased by $35,108,088 during the fiscal year. This was due to the $42,790,000 Tax & Revenue
<br />COs issued for the purpose of constructing a new wastewater treatment plant. This new debt was offset somewhat by
<br />principal payments made on the previously issued debt. The City's underlying bond rating from Moody's is Aa3. The
<br />maximum tax rate permitted by Article XI, Section 5 of the State of Texas constitution is $2.50 per $100 of assessed
<br />valuation. Consequently, no legal debt margin can be calculated. The state attorney general has traditionally allowed
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