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<br />City of Paris, Texas
<br />Statement of Net Assets
<br />Proprietary Funds
<br />For the Year Ended September 30, 2005
<br />
<br />Statement 7
<br />(Continued)
<br />
<br /> Water and Sewer Water and Sewer
<br /> Enterprise Fund Enterprise Fund
<br /> Current Year Prior Year
<br /> LIABILITIES
<br />Current Liabilities:
<br />Accounts Payable 31,924 370,636
<br />Payable to U.S.A. for Water Rights - Current Portion 29,768 28,863
<br />Interest Payable 416,515 460,002
<br />Capital Leases Payable - Current Portion 6,459
<br />Accrued Compensated Absences - Current Portion 14,792 10,947
<br />Due to Other Funds 1,842,918 2,397,610
<br />Revenue Bonds - Current Portion 2,602,200 2,030,000
<br />Total Current Liabilities 4,938,117 5,304,517
<br />Non-Current Liabilities:
<br />Revenue Bonds Payable - Long-Term Portion 26,451,000 25,590,000
<br />Payable to U.S.A. for Water Rights - Long-Term Portion 609,620 639,388
<br />Customer Deposits 524,376 445,560
<br />Accrued Compensated Absences Long-Term Portion 74,380 4,543
<br />Total Non-Current Liabilities 27,659,376 26,679,491
<br />Total Liabilities 32,597,493 31,984,008
<br /> NET ASSETS
<br />Invested in Capital Assets, Net of Related Debt 21,981,460 25,324,447
<br />Restricted for Debt Service 2,005,374 1,961,769
<br />Restricted for Construction 1,930,733 1,974,102
<br />Umestricted 5,625,512 4,592,176
<br />Total Net Asssets $ 31,543,079 $ 33,852,494
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