|
<br />City of Paris, Texas
<br />Statement of Net Assets
<br />Proprietary Funds
<br />For the Year Ended September 30, 2006.
<br />
<br />Statement 7
<br />(Continued)
<br />
<br />Water and Sewer
<br />Enterprise Fund
<br />Current Year
<br />
<br />Water and Sewer
<br />Enterprise Fund
<br />Prior Year
<br />
<br /> LIABILITIES
<br />Current Liabilities:
<br />Accounts Payable 15,852 31,924
<br />Payable to U.S.A. for Water Rights - Current Portion 30,702 29,768
<br />Interest Payable 385,291 416,515
<br />Accrued Compensated Absences - Current Portion 9,900 14,792
<br />Due to Other Funds 96,165 1,842,918
<br />Revenue Bonds - Current Portion 2,717,600 2,602,200
<br />Total Current Liabilities 3,255,510 4,938,117
<br />Non-Current Liabilities:
<br />Revenue Bonds Payable - Long-Term Portion 23,733,400 26,451,000
<br />Payable to U.S.A. for Water Rights - Long-Term Portion 578,917 609,620
<br />Customer Deposits 646,851 524,376
<br />Accrued Compensated Absences Long-Term Portion 99,996 74,380
<br />Total Non-Current Liabilities 25,059,164 27,659,376
<br />Total Liabilities 28,314,674 32,597,493
<br /> NET ASSETS
<br />Invested in Capital Assets, Net of Related Debt 21,897,206 21,981,460
<br />Restricted for Debt Service 1,395,310 2,005,374
<br />Restricted for Construction 1,469,388 1,930,733
<br />Umestricted 7,975,432 5,625,512
<br />Total Net Asssets $ 32,737,336 $ 31,543,079
<br />
<br />23
<br />
|