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CITY OF PARIS, TEXAS Statement 3 <br />Balance Sheet - Governmental Funds (Continued) <br />September 30, 2025 <br />Amounts reported for governmental activities in the statement of net position are different because: <br />Fund Balances - Total Governmental Funds $ 37,759,450 <br />Amounts reported for governmental activities in the statement of net position are different because: <br />Capital and right -to -use assets used in governmental activities are not financial resources and, therefore, <br />are not reported in the funds. (Net of Accumulated Depreciation/Amortization) 48,918,571 <br />Other long-term assets are not available to pay for current period expenditures and, therefore, <br />are deferred or not reflected in the funds. 673,449 <br />Long-term liabilities, including bonds payable and accrued interest, are not due and payable in the <br />current period and, therefore, are not reported in the funds. (42,412,501) <br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the net pension asset <br />and liability required by GASB 68 in the amount of $1,494,133 and $6,675,635, respectfully, a Deferred Outflow <br />of Resources in the amount of $2,210,697, and a Deferred Inflow of Resources in the amount of $1,297,172. This <br />amounted to a decrease in Net Position of $4,267,977. (4,267,977) <br />Included in noncurrent liabilities is the recognition of the City's proportionate share of the total OPEB liability <br />required by GASB 75 in the amount of $3,565,212, a Deferred Outflow of Resources in the amount of <br />$355,767, and a Deferred Inflow of Resources in the amount of $645,323. This amounted to a decrease <br />in Net Position of $3,854,768. 13,854,768L <br />Net Position of Governmental Activities $ 36,816,224 <br />The accompanying notes to the financial statements are an integral part of this statement. <br />17 <br />