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Notes to the Financial Statements
<br />The notes provide additional information that is essential to a full understanding of the data provided in the government -wide
<br />and fund financial statements. The notes to the financial statements can be found immediately after the Statement of Changes
<br />in Net Position — Fiduciary Funds in this report.
<br />Other Information
<br />In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary
<br />information concerning the City of Paris' progress in funding its obligation to provide pension and other post -employment
<br />benefits to its employees. Required supplementary information can be found immediately following the Notes to the Financial
<br />Statements.
<br />Combining and individual fund statements and schedules can be found immediately after the required supplementary
<br />information in this report.
<br />Government -Wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the
<br />City of Paris, assets exceeded liabilities by $112,329,940 at the close of the most recent fiscal year. This compares to
<br />$118,036,312 for the previous year. This was a 4.83% decrease in net position.
<br />By far, the largest portion of the City of Paris' net position falls in net investment in capital assets ($80,122,922 or 71.33%) and
<br />is used by the City of Paris to provide services to citizens and is not available for future spending. The next largest portion of
<br />net position is in the unrestricted category ($24,735,983 or 22.02°/x) and may be used to meet the government's ongoing
<br />obligations to citizens and creditors. The remaining net position ($7,471,035 or 6.65%) is restricted in its use.
<br />City of Paris
<br />Net Position
<br />Cel
<br />Governmental Activities
<br />._._.._._ ....... ..... �.1 ..._,....
<br />Busmess T�I!e Activities ...
<br />........
<br />Total
<br />a
<br />...._
<br />2025.. _
<br />_..__ ..w 2024 ...............
<br />_.....2025.. .....,
<br />2024
<br />....... .2025.
<br />2024
<br />Assets
<br />Current and Other Assets
<br />$ 45,442,936
<br />$ 44,544,629
<br />$ 84,094,065
<br />$116,732,992
<br />$ 129,537,001
<br />$164,527,338
<br />Capital Assets
<br />P
<br />48918571 -----!-_.1..... .
<br />41 341 902
<br />�
<br />31 863,161
<br />1....w.,,..
<br />95 883,140
<br />.. I--
<br />180,781 732
<br />_,....__...... _
<br />133 975x325
<br />_1
<br />Total Assets
<br />94 361 507
<br />85,886,531
<br />_.,........__
<br />215,957,226
<br />16,132
<br />2]2,6 �-__
<br />3102318 733
<br />.
<br />298 502 663
<br />w„ w
<br />Deferred Outflows
<br />Related to Asset
<br />Retirement
<br />-
<br />-
<br />5,125,634
<br />5,118,012
<br />5,125,634
<br />5,118,012
<br />Related to Pension
<br />2,210,697
<br />3,193,734
<br />363,789
<br />500,265
<br />2,574,486
<br />3,693,999
<br />Related to OPEB355
<br />767
<br />477,043
<br />.............15251r .._.
<br />23 310 _
<br />371 018
<br />_ ... ..,,.z
<br />500 35.3..,.
<br />Total Deferred Outflows
<br />2 566 464
<br />3,670,777
<br />52504,674
<br />5,641,587
<br />8,071,138
<br />9312,364
<br />Long -Term Liabilities
<br />Outstanding
<br />52,243,266
<br />37,807,969
<br />136,538,191
<br />138,512,970
<br />188,781,457
<br />176,320,939
<br />Other Liabilities
<br />....... 3,907 872
<br />2,436,63l_
<br />9198,893
<br />6 839 417 w
<br />13x106 765
<br />9276048 .w.
<br />Total Liabilities
<br />56 151 138
<br />402244„600
<br />145 737 084
<br />145x352,387
<br />201 888 222
<br />185,596 987
<br />Deferred Inflows
<br />Related to Pensions
<br />1,297,172
<br />1,051,786
<br />179,495
<br />106,231
<br />1,476,667
<br />1,158,017
<br />Related to OPEB
<br />645,323
<br />1,066,319
<br />31,605
<br />45,183
<br />676,928
<br />1,111,502
<br />Related to Leases
<br />2,018,114
<br />1,912,209
<br />......,,.
<br />_ ...r ........ ..
<br />2,018 114
<br />._........,
<br />1 912 209
<br />.......... ........
<br />Total Deferred Inflows
<br />3,960,609
<br />4,030,314
<br />211,100
<br />151,414
<br />4,171,709
<br />4,181,728
<br />Cel
<br />
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