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<br /> City of Paris' Changes in Net Assets
<br /> Governmental Activities Business-type Activities Total
<br /> 2005 2004 2005 2004 2005 2004
<br />Expenses:
<br />General Government 2,188,590 2,275,969 2,188,590 2,275,969
<br />Finance 515,965 540,815 515,965 540,815
<br />Public Safety 9,825,404 9,554,945 9,825,404 9,554,945
<br />Public Works 6,957,522 8, I 02,061 6,957,522 8,102,061
<br />Health 2,904,920 3,724,003 2,904,920 3,724,003
<br />Library Service 718,779 917,450 718,779 917,450
<br />Cox Field 258,496 256,149 258,496 256,149
<br />Interest on
<br />Long-Tenn Debt 627,691 1,022,551 627,691 1,022,551
<br />Water & Sewer 10,554,510 9,997,416 10,554,510 9,997,416
<br />Total Expenses 23,997,367 26,393,943 10,554,510 9,997,416 34,551,877 36,391,359
<br />Increase in Net Assets
<br />Before Transfers (301,095) (2,591,483) 2,279,183 1,717,682 1,978,088 (873,801)
<br />Transfers/Special Item 4,588,598 306,921 (4,588,598) (1,643,542) (1,336,62 I)
<br />Increase in Net Assets 4,287,503 (2,284,562) (2,309,415) 74,140 1,978,088 (2,2 I 0,422)
<br />Net Assets 10-1-2004 33,287,770 35,572,332 33,852,494 33,778,354 67,140,264 69,350,686
<br />Net Assets 9-30-2005 $ 37,575,273 $ 33,287,770 $ 31,543,079 $ 33,852,494 $ 69,118,352 $ 67,140,264
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<br />Business-type Activities
<br />
<br />Business-type activities decreased the City of Paris' net assets by $2,309,415. This was due entirely to the transfer of
<br />long-term debt from governmental activities to business-type activities. This debt was directly related to the
<br />proprietary fund and should have been recorded there initially.
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<br />Financial Analysis of the Government's Funds
<br />
<br />As noted earlier, the City of Paris uses fund accounting to ensure and demonstrate compliance with finance-related
<br />legal requirements.
<br />
<br />Governmental Funds
<br />
<br />The focus of the City of Paris' governmental funds is to provide information on near-term inflows, outflows, and
<br />balances of spendable resources. Such information is useful in assessing the City of Paris' financing requirements.
<br />In particular, unreserved fund balance may serve as a useful measure of a government's net resources available for
<br />spending at the end of the fiscal year.
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