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<br />Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Governmental Funds Balance Sheet/Statement of Net Assets
<br />September 30, 2005
<br />
<br /> General Debt Service Governmental
<br /> Fund Fund Total Adjustments * Activities
<br />ASSETS
<br />Cash and Cash Equivalents $ 543,554 $ $ 543,554 $ $ 543,554
<br />Investments 477,464 477,464 477,464
<br />Accounts Receivable -
<br />Sales Tax 178,778 178,778 178,778
<br />Accrued Interest Receivable 10,266 10,266 10,266
<br />Restricted Assets
<br />Bond Debt Service Fund
<br />Cash and Cash Equivalents 29,542 29,542 29,542
<br />Bond Reserve Fund
<br />Cash and Cash Equivalents 410,458 410,458 410,458
<br />Notes Receivable 4,436,168 4,436,168 4,436,168
<br />Land Development Costs 1,244,751 1,244,751 1,244,751
<br />Total Assets $ 6,890,981 $ 440,000 $ 7,330,981 $ $ 7,330,981
<br />LIABILITIES
<br />Liabilities Payable
<br />from Restricted Assets
<br />Current Portion of Bonds Payable $ $ $ $ (165,000) $ 165,000
<br />Accrued Interest Payable (18,352) 18,352
<br />Notes Payable -
<br />Due Within One Year (389,047) 389,047
<br />Notes Payable -
<br />Net of Current Portion (1,049,420) 1,049,420
<br />Bonds Payable-
<br />Net of Current Portion (3,130,000) 3,130,000
<br />Total Liabilities (4,751,819) 4,751,819
<br />FUND BALANCES/NET ASSETS
<br />Fund Balances:
<br />Reserved for Debt Service 256,648 256,648 256,648
<br />Unreserved 6,890,981 183,352 7,074,333 7,074,333
<br />Total Fund Balances 6,890,981 440,000 7,330,981 7,330,981
<br />Total Liabilities and Fund Balances $ 6,890,981 $ 440,000 $ 7,330,981
<br />Net Assets:
<br />Restricted for Debt Service (256,648) 256,648
<br />Unrestricted (2,322,514) 2,322,514
<br />Total Net Assets $ $ 2,579,162
<br />
<br />*Primarily long-term liabilities not reported in the funds
<br />
<br />See accompanying notes to fmancial statements.
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