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<br />City of Paris, Texas
<br />Notes to Financial Statements
<br />September 30, 2005
<br />
<br />IV. Detailed Notes on All Funds (Continued)
<br />
<br />G. Long-Term Debt (Continued)
<br />
<br />Year Ending General Obligation
<br />September 30, Principal Interest
<br />2006 $ 730,021 $ 616,952
<br />2007 764,982 585,195
<br />2008 799,962 551,767
<br />2009 832,560 516,099
<br />2010 872,578 478,753
<br />2011-2015 4,795,816 1,784,292
<br />2016-2020 4,130,000 753,137
<br />2021-2025 900,000 42,660
<br /> $ 13,825,919 $ 5,328,855
<br />
<br />Water and Sewer
<br />Principal Interest
<br />$ 2,602,200 $ 1,353,058
<br />2,717,600 1,233,751
<br />2,843,000 1,106,798
<br />2,975,800 973,077
<br />3,116,200 832,401
<br />10,638,400 2,258,542
<br />4,160,000 664,480
<br />
<br />$ 29,053,200
<br />
<br />$ 8,422,107
<br />
<br />A summary of long-term liability transactions for the year ended September 30, 2005, follows:
<br /> Balance Balance
<br /> September 30, September 30, Due Within
<br /> 2004 Additions Reductions 2005 One year
<br />Governmental Activities
<br />Certificates of Obligation $ 18,235,000 $ $ 4,458,200 $ 13,776,800 $ 730,021
<br />Note 55,996 6,877 49,119 7,221
<br />Capital Leases 476,429 237,695 238,734 134,936
<br />Compensated Absences 214,641 589,834 272,730 531,745 212,490
<br />Governmental Activities
<br />Long-Term Liabilities $ 18,982,066 $ 589,834 $ 4,975,502 $ 14,596,398 $ 1,084,668
<br />Business-type Activities
<br />Revenue Bonds $ 27,620,000 $ 3,637,400 $ 2,204,200 $ 29,053,200 $ 2,602,200
<br />Water Rights Debt 668,251 28,863 639,388 29,768
<br />Capital Leases 6,459 6,459
<br />Compensated Absences 15,490 87,773 14,091 89,172 14,792
<br />Business-type Activities
<br />Long-Term Liabilities $ 28,310,200 $ 3,725,173 $ 2,253,613 $ 29,781,760 $ 2,646,760
<br />Component Unit
<br />Bonds Payable $ 3,450,000 $ $ 155,000 $ 3,295,000 $ 165,000
<br />Note Payable 767,332 194,249 573,083 201,620
<br />Note Payable 1,000,000 134,616 865,384 187,427
<br />Component Unit-
<br />Long-Term Liabilities $ 4,217,332 $ 1,000,000 $ 483,865 $ 4,733,467 $ 554,047
<br />
<br />For the governmental activities, compensated absences are liquidated by the general fund.
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