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CITY OF PARIS, TEXAS Notes to Financial Statements (Continued) September 30, 2025 I. Summa a of S gli ficanteAccountigPol cies (Continued) J. Recent Accounting Pronouncements Adopted (Continued) to an aspect of a significant inflow of resources or outflow of resources. A constraint is a limitation imposed on a government by an external party or by formal action of the government's highest level of decision-making authority. Concentrations and constraints may limit a government's ability to acquire resources or control spending. K. Future Adoption of Accounting Pronouncements The GASB has issued the following potentially significant statements which the City has not yet adopted, and which require adoption subsequent to September 30, 2025. Statement No ,Adoption Reguired ......... - 103 Financial Reporting Model September 30, 2026 Improvements 104 Disclosure of'Certain Capital Assets September 30, 2026 105 Subsequent Events September 30, 2027 II. Reconciliation of Government -Wide and Fund FinancialStatements A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government - Wide Statement of Net Position The governmental fund balance sheet includes a reconciliation between fund balance — total governmental funds and net position — governmental activities as reported in the government -wide statement of net position. One element of that reconciliation explains that "capital and right -to -use assets used in governmental activities are not financial resources and, therefore, are not reported in the funds." The details of this $48,918,571 are as follows: Land Construction in Progress Buildings Less: Accumulated Depreciation — Buildings Improvements Other Than Buildings Less: Accumulated Depreciation — Improvements Other Than Buildings Machinery and Equipment Less: Accumulated Depreciation — Machinery and Equipment Infrastructure Less: Accumulated Depreciation — Infrastructure Right -To -Use Assets - Leases Less: Accumulated Amortization — Right -To -Use Assets - Leases Right -To -Use Assets - SBITAs Less: Accumulated Amortization — Right -To -Use Assets - SBITAs Net Adjustment to Increase Fund Balance — Total Governmental Funds to Arrive at Net Position — Governmental Activities 42 $ 6,142,418 2,169,152 23,020,700 (12,523,265) 9,159,840 (5,338,400) 29,780,300 (21,728,647) 56,710,475 (39,468,044) 701,395 (280,492) 991,502 ......m.A4.18.363.) 48,918.571