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<br />City of Paris, Texas
<br />Notes to Financial Statements
<br />September 30, 2006
<br />
<br />IV. Detailed Notes on All Funds and Component Unit (Continued)
<br />
<br />G. Long-Term Debt (Continued)
<br />
<br />General:
<br />
<br />Certificates of Obligation were originally issued for construction or improvements in various areas
<br />including streets, buildings, parks, and airport. Water and Sewer Revenue Bonds were originally
<br />issued for extending and improving the waterworks and sewer systems. Federal arbitrage
<br />regulations apply to bonds and certificates of obligation issued by the City.
<br />
<br />Long-term debt service requirements for the next five years and after in five year increments
<br />are as follows:
<br />
<br />Year Ending
<br />September 30,
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />2012-2016
<br />2017-2021
<br />2022-2026
<br />
<br />General Obligation
<br />Principal Interest
<br />$ 764,982 $ 585,194
<br />799,961 551,767
<br />832,560 516,098
<br />872,578 478,752
<br />910,016 440,720
<br />3,680,200 1,527,105
<br />4,775,600 601,453
<br />460,000 10,810
<br />
<br />$ 13,095,897
<br />
<br />$ 4,711,899
<br />
<br />Water and Sewer
<br />Principal Interest
<br />$ 2,717,600 $ 1,233,751
<br />2,843,000 1,106,797
<br />2,975,800 973,076
<br />3,116,200 832,401
<br />3,259,200 680,904
<br />8,464,200 1,806,777
<br />3,075,000 435,340
<br />
<br />$ 26,451,000
<br />
<br />$ 7,069,046
<br />
<br />A summary oflong-term liability transactions for the year ended September 30, 2006, follows:
<br />
<br />43
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