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<br />Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Required Supplementary Information
<br />Budgetary Comparison Schedule - General Fund
<br />For the Year Ended September 30, 2005
<br />
<br /> Variance with
<br /> Final Budget
<br /> Budgeted Amounts Actual Favorable
<br /> Original Final Amounts (Unfavorable)
<br />Revenues:
<br />Sales Tax $ 940,000 $ 940,000 $ 1,013,371 $ 73,371
<br />Investment Earnings 5,000 5,000 237,591 232,591
<br />Total Revenues 945,000 945,000 1,250,962 305,962
<br />Expenditures:
<br />Industrial Support and Incentives 782,726 782,726 464,422 318,304
<br />Office Supplies and Postage 15,500 15,500 18,158 (2,658)
<br />Commuications 1,000 1,000 2,966 (1,966)
<br />Special Service Fees 2,500 2,500 2,500
<br />Insurance and Bonds 7,514 (7,514)
<br />Travel Expenses 24,000 24,000 30,772 (6,772)
<br />Public Notices 1,000 1,000 685 315
<br />Miscellaneous 2,764 2,764 1,002 1,762
<br />Contractual Associations 3,000 3,000 2,183 817
<br />Promotional Advertising 30,000 30,000 23,002 6,998
<br />Administration Fee 10,000 10,000 10,000
<br />Personnel Compensation 108,522 108,522 109,314 (792)
<br />Legal and Accounting 3,750 3,750 3,950 (200)
<br />Contingency 1,000 1,000 65 935
<br />Debt Service
<br />Principal 219,638 219,638 328,865 (109,227)
<br />Interest 69,346 (69,346)
<br />Total Expenditures 1,205,400 1,205,400 1,072,244 133,156
<br />Excess of Revenues
<br />Over Expenditures (260,400) (260,400) 178,718 439,118
<br />Other Financing Sources/Uses:
<br />Note Proceeds 153,430 153,430
<br />Net Gain on Property Sold '8,798 8,798
<br />Transfer to Debt Service Fund (389,000) (389,000) (393,515) (4,515)
<br />Total Other Financing Sources/Uses (389,000) (389,000) (231,287) 157,713
<br />Net Change in Fund Balances (649,400) (649,400) (52,569) 596,831
<br />Fund BalancesfBeginning of the Year 6,943,550 6,943,550 6,943,550
<br />End of the Year $ 6,294,150 $ 6,294,150 $ 6,890,981 $ 596,831
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