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<br /> Governmental Funds
<br /> 2004 2005
<br />Total Assets $ 15,480,847 $ 13,236,716
<br />Total Liabilities 3,100,727 1,796,412
<br />Fund Balances:
<br />Reserved for:
<br />Construction 6,594,036 4,036,886
<br />Debt Service 1,087,396 725,394
<br />Notes 94,910 69,474
<br />Inventories 155,608 153,043
<br />Unreserved:
<br />General Fund 3,735,128 5,375,749
<br />Special Revenue Funds 909,520 1,006,385
<br />Permanent Funds (196,478) 73,373
<br />Total Fund Balances 12,380,120 11,440,304
<br />Total Liabilities &
<br />Fund Balances $ 15,480,847 $ 13,236,716
<br />
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund
<br />balances of $11,440,304. Approximately 56.34% of this total amount ($6,445,507) constitutes unreserved fund
<br />balance, which is available for spending at the government's discretion. The remainder of fund balance is reserved
<br />to indicate that it is not available for new spending because it has already been committed to 1) construction
<br />($4,036,886),2) pay debt service ($725,394), 3) to generate income to pay for other restricted purposes ($222,517).
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<br /> Governmental Funds
<br /> Revenues, Expenditures, &
<br /> Changes in Fund Balances
<br /> 2004 2005
<br />Revenues $ 22,928,420 $ 23,427,213
<br />Expenditures 26,480,185 25,394,527
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures (3,551,765) (1,967,314)
<br />Total Other Financing Sources (Uses) 1,322,568 1,030,589
<br />Net Change in Fund Balances (2,229,197) (936,725)
<br />Increase(Decrease) in Inventory (60,488) (3,091)
<br />Fund Balances - September 30, 2004 14,669,805 12,380,120
<br />Fund Balances - September 30, 2005 $ 12,380,120 $ 11,440,304
<br />
<br />The general fund is the chief operating fund of the City of Paris. At the end of the current fiscal year, unreserved
<br />fund balance of the general fund was $5,375,749 ($3,735,128 the previous year), while total fund balance reached
<br />$5,528,792 ($3,890,736 the previous year). As a measure of the general fund's liquidity, it may be useful to compare
<br />both unreserved fund balance and total fund balance to total fund expenditures. Unreserved fund balance represents
<br />27.98% of total general fund expenditures, while total fund balance represents 28.78% of that same amount.
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