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Net Change in Fund Balances - Total Governmental Funds (Statement 4) $ 3,670,394 <br />Governmental funds report capital outlays as expenditures. However, in the statement <br />of activities the cost of those assets is allocated over their estimated useful lives and <br />reported as depreciation expense. This is the amount by which capital outlays exceeded <br />depreciation in the current period. (244,559) <br />The net effect of various miscellaneous transactions involving capital assets (i.e., sales and <br />donations) is to decrease net position. 1,541,522 <br />Revenues in the statement of activities that do not provide current financial resources are not <br />reported as revenues in governmental funds. 54,636 <br />Accrued interest expenses reported in the statement of activities do not require the use of <br />current financial resources and, therefore, are not reported as expenditures in governmental <br />funds. (295,392) <br />Compensated absences reported in the statement of activities do not require the use of current <br />financial resources and, therefore, are not reported as expenditures in governmental funds. (63,204) <br />Pension expenses are not reported as expenditures in governmental funds and contributions <br />after the measurement date are deferred. 607,749 <br />OPEB expenses are not reported as expenditures in governmental funds and contributions <br />after the measurement date are deferred. 212,550 <br />The issuance of long-term debt provides current financial resources to governmental <br />funds, while the repayment of the principal of long-term debt consumes the current <br />financial resources of governmental funds. Neither transaction, however, has any effect <br />on net position. Also, governmental funds report the effect of premiums, discounts, and <br />similar items when debt is first issued, whereas these amounts are deferred and <br />amortized in the statement of activities. This amount is the net effect of these <br />differences in the treatment of long-term debt and related items. (21,321,682) <br />Change in net position of governmental activities (Statement 2). S (15.837.986) <br />The accompanying notes to the financial statements are an integral part of this statement. <br />CITY OF PARIS, TEXAS Statement 6 <br />Statement of Revenues, Expenditures, and Changes in Fund Balance <br />Budget and Actual <br />General Fund <br />Year Ended September 30, 2024 <br />Budgeted Amounts Variance with <br />25 <br />