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<br />Business-Type Activities
<br />
<br />Business-type activities increased the City of Paris' net assets by $1,194,257. This was mainly due to increased water sales
<br />due to a hot summer season, a new water contract with the City's largest water consumer, and increased investment earnings.
<br />
<br />Financial Analysis of the Government's Funds
<br />
<br />As noted earlier, the City of Paris uses fund accounting to ensure and demonstrate compliance with finance-related legal
<br />requirements.
<br />
<br />Governmental Funds
<br />
<br />The focus of the City of Paris' governmental funds is to provide information on near -term inflows, outflows, and balances of
<br />spendable resources. Such information is useful in assessing the City of Paris' financing requirements. In particular,
<br />unreserved fund balance may serve as a useful measure of a government's net resources available for spending at the end of
<br />the fiscal year.
<br />
<br />Total Assets
<br />
<br />Total Liabilities
<br />
<br />Fund Balances:
<br />Reserved for:
<br />Construction
<br />Debt Service
<br />Notes
<br />Inventories
<br />Unreserved:
<br />General Fund
<br />Special Revenue Funds
<br />Permanent Funds
<br />Total Fund Balances
<br />Total Liabilities &
<br />Fund Balances
<br />
<br />Governmental Funds
<br />2006 2005
<br />
<br />$ 12,175,159
<br />
<br />$ 13,236,716
<br />
<br />$ 1,199,048
<br />
<br />$ 1,796,412
<br />
<br />189,736 4,036,886
<br />751,574 725,394
<br />55,882 69,474
<br />118,925 153,043
<br />8,874,883 5,375,749
<br />908,559 1,006,385
<br />76,552 73,373
<br />10,976,111 11,440,304
<br />$ 12,175,159 $ 13,236,716
<br />
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund balances of
<br />$10,976,111. Approximately 89.83% of this total amount ($9,859,994) constitutes unreserved fund balance, which is
<br />available for spending at the government's discretion. The remainder of fund balance is reserved to indicate that it is not
<br />available for new spending because it has already been committed to 1) construction ($189,736), 2) pay debt service
<br />($751,574), and 3) outstanding notes ($55,882).
<br />
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