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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, 2006
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<br />i
<br />
<br /> Variance with
<br /> Final Budget
<br /> Budgeted Amounts Actual Positive
<br /> Original Final Amounts (Negative )
<br /> Revenues:
<br /> Sales Tax $ 970,000 $ 970,000 $ 1,080,270 $ 110,270
<br /> Investment Earnings 5,000 5,000 250,424 245,424
<br /> Total Revenues 975,000 975,000 1,330,694 355,694
<br />l Expenditures:
<br />Industrial Support and Incentives 722,544 722,544 107,725 614,819
<br />l Office Supplies and Postage 14,500 , 14,500 5,855 8,645
<br />Commuications 1,300 1,300 1,878 (578)
<br />Special Service Fees 3,000 3,000 15,772 (12,772)
<br /> Furniture and Fixtures 5,100 5,100 5,892 (792)
<br />) Travel Expenses 29,000 29,000 28,965 35
<br />Public Notices 500 500 505 (5)
<br /> Miscellaneous 1,000 1,000 1,000
<br />I Contractual Associations 4,000 4,000 3,606 394
<br />Promotional Advertising 40,000 40,000 53,276 (13,276)
<br /> Administration Fee 10,000 10,000 10,000
<br />I Personnel Compensation 115,289 115,289 118,079 (2,790)
<br />Legal and Accounting 3,750 3,750 4,150 (400)
<br /> Contingency 1,000 1,000 1,000
<br /> Debt Service
<br /> Principal 446,138 446,138 389,255 56,883
<br /> Interest 56,882 (56,882)
<br /> Total Expenditures 1,397,121 1,397,121 801,840 595,281
<br /> Excess of Revenues
<br /> Over Expenditures (422,121) (422,121) 528,854 950,975
<br /> Other Financing SourceslUses:
<br /> Transfer to Debt Service Fund (387,000) (387,000) (412,000) (25,000)
<br /> Total Other Financing SourceslUses (387,000) (387,000) (412,000) (25,000)
<br /> Net Change in Fund Balances (809,121) (809,121) 116,854 925,975
<br /> Fund BalanceslBeginning of the Year 6,890,981 6,890,981 6,890,981
<br /> End of the Year $ 6,081,860 $ 6,081,860 $ 7,007,835 $ 925,975
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