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CITY OF PARIS, TEXAS
<br />Notes to Financial Statements (Continued)
<br />September 30, 2024
<br />IV. Detailed Notes on All Activities and Funds (Continued)
<br />C. Accounts Receivable and Payable
<br />Amounts are aggregated into a single accounts receivable (net of allowance for uncollectibles) line for certain
<br />funds and aggregated columns. Below is the detail of receivables in the aggregate, including the applicable
<br />allowances for uncollectible accounts:
<br />Receivables:
<br />Accrued Interest
<br />Property Taxes
<br />Sales Taxes
<br />Hotel Occupancy Taxes
<br />Franchise Taxes
<br />Accounts
<br />Street Assessments
<br />Fines
<br />EMS
<br />Leases
<br />Notes
<br />Gross Receivables
<br />Less: Allowance for Uncollectibles
<br />Net Total Receivables
<br />Nonmaj or
<br />Governmental
<br />General Debt Service Funds
<br />Enterprise —
<br />$ 23,867 $ - $
<br />2,420
<br />$ 235,302
<br />1,092,297 126,808
<br />-
<br />17,025
<br />1,843,660 -
<br />-
<br />-
<br />372,904 -
<br />-
<br />-
<br />497,451 -
<br />-
<br />-
<br />568,643 -
<br />20,084
<br />3,538,628
<br />26,473 -
<br />-
<br />-
<br />2,539,065 -
<br />-
<br />-
<br />4,969,330 -
<br />-
<br />-
<br />1,283,446 -
<br />727,515
<br />-
<br />2,099,917 -
<br />-
<br />-
<br />15,317,053 126,808
<br />750,019
<br />3,790,955
<br />(5,482,623) (31,702)
<br />9 934 430 95 106 S
<br />-
<br />(49,764)
<br />75( 419
<br />3 741 191
<br />Net receivable balances not expected to be collected within one year are Property Taxes - $642,521, Fines -
<br />$37,024, EMS - $621,166, Street Assessments - $26,473, Leases - $1,852,240 and Notes - $1,948,375.
<br />Governmental funds report deferred inflows of resources in connection with receivables for revenue that is not
<br />considered to be available to liquidate liabilities of the current period. At September 30, 2024, the deferred inflows
<br />of resources were $2,631,222.
<br />At year end, PEDC had a receivable for sales tax of $367,186 and grants of $507,166. The balances are expected
<br />to be collected within one year.
<br />Accounts payable at September 30, 2024, were as follows:
<br />Accounts
<br />Governmental Activities
<br />General Fund $ 1,174,696
<br />Special Revenues 49,369
<br />56
<br />Wages Totals
<br />$ 832,020 $ 2,006,716
<br />6,173 55,542
<br />
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