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<br />Debt Service Fund
<br />
<br />The debt service fund has a total fund balance of $725,394 ($1,087,396 the previous year), all of which is reserved
<br />for the payment of debt service, The net decrease in fund balance during the current year in the debt service fund
<br />was $362,002 ($175,711 increase the previous year). The decrease was due to the transfer of debt from the
<br />governmental activities to business-type activities. The government enacted a dedicated property tax for debt service
<br />at the beginning of the current fiscal year. This tax produced revenues of $1,214,264 in the current fiscal year
<br />($1,286,973 the previous year).
<br />
<br />Proprietary Fund
<br />
<br />The City of Paris' proprietary fund provides the same type of information found in the government-wide financial
<br />statements, but in more detail.
<br />
<br />Unrestricted net assets of the Water and Sewer Fund at the end of the year amounted to $5,625,512 ($4,592,176 the
<br />previous year). Other factors concerning the fmances of this fund have already been addressed in the discussion of
<br />the City of Paris' business-type activities.
<br />
<br />General Fund Budgetary Highlights
<br />
<br />There were no changes to the original budget. The overall appropriation of the general fund was under spent by
<br />$285,541.
<br />
<br />Capital Asset and Debt Administration
<br />
<br />Capital Assets
<br />
<br />The City of Paris' investment in capital assets for its governmental and business-type activities as of September 30,
<br />2004, amounts to $45,272,274 ($44,276,171 the previous year). Both of these amounts are net of accumulated
<br />depreciation. This investment in capital assets includes land, buildings, improvements, machinery and equipment,
<br />park facilities, roads, highways, and bridges.
<br />
<br /> City of Paris - Net Capital Assets
<br /> Governmental Activities Business-type Activities Total
<br /> 2004 2005 2004 2005 2004 2005
<br />Land $ 5,903,022 $ 5,903,022 $ 282,672 $ 282,672 $ 6,185,694 $ 6,185,694
<br />Buildings and System 7,647,531 7,397,886 52,263,330 50,034,894 59,910,861 57,432,780
<br />Improvements Other
<br />than Buildings 1,900,299 2,528,845 1,900,299 2,528,845
<br />Machinery, Furniture,
<br />and Equipment 3,475,140 2,982,286 315,265 213,590 3,790,405 3,195,876
<br />Infrastructure 18,489,598 17,528,113 18,489,598 17,528,113
<br />Construction in Progress 1,514,303 3,549,809 89,639 503,504 1,603,942 4,053,313
<br />Water Rights - Net 860,789 847,126 860,789 847,126
<br />Unamoritized Bond 222,140 210,857 931,444 818,515 1,153,584 1,029,372
<br />Expense Total $ 39,152,033 $40,100,818 $54,743,139 $ 52,700,301 $ 93,895,172 $ 92,801,119
<br />
<br />Additional information on the City of Paris' capital assets can be found in note N. C. of the Notes to the Financial
<br />Statements.
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