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The accompanying notes to the financial statements are an integral part of this statement.
<br />CITY OF PARIS, TEXAS Statement 7
<br />Statement of Net Position
<br />Proprietary Fund
<br />September 30, 2024
<br />Water and Sewer
<br />Enterprise Fund
<br />ASSETS
<br />Current Assets
<br />Cash and Cash Equivalents $ 24,007,328
<br />Restricted Cash and Cash Equivalents 12,805,694
<br />Total Cash and Cash Equivalents 36,813,022
<br />Accounts Receivable, Net
<br />3,505,889
<br />Accrued Interest Receivable
<br />235,302
<br />Inventories
<br />717,325
<br />Prepaid Items
<br />116,377
<br />Total Current Assets
<br />41,387,915
<br />Noncurrent Assets
<br />Investments
<br />Construction
<br />65,150,377
<br />Reserve and Contingency
<br />9,103,374
<br />Unrestricted
<br />1,048,371
<br />Total Investments
<br />75,302,122
<br />Water Rights (Net of Accumulated Amortization)
<br />3,100,024
<br />Capital Assets
<br />Land
<br />339,620
<br />Construction in Progress
<br />34,455,719
<br />Plant, Pumps, and Motors
<br />33,177,315
<br />Distribution System
<br />83,050,863
<br />Collection System
<br />28,590,708
<br />Maintenance Equipment and Vehicles
<br />6,860,537
<br />Furniture and Equipment
<br />2,092,872
<br />Subscription -Based IT Asset
<br />207,587
<br />Less Accumulated Depreciation/Amortization
<br />(95,992,105)
<br />Total Capital Assets (Net of Accumulated Depreciation/Amortization)
<br />92,783,116
<br />Net Pension Asset
<br />42,955
<br />Total Noncurrent Assets
<br />1
<br />71,228,217
<br />Total Assets
<br />212,616,132
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows Related to Asset Retirement Obligation
<br />5
<br />,118,012
<br />Deferred Outflows Related to Pensions
<br />500,265
<br />Deferred Outflows Related to OPEB
<br />23,310
<br />Total Deferred Outflows
<br />5,641,587
<br />28
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