<br />I Paris Economic Development Corporation
<br /> (A Component Unit of the City of Paris, Texas)
<br />I Governmental Funds Balance Sheet/Statement of Net Assets
<br /> September 30, 2006
<br />I General Debt Service Governmental
<br /> Fund Fund Total Adjustrnents* Activities
<br />I ASSETS
<br />Cash and Cash Equivalents $ 793,565 $ $ 793,565 $ $ 793,565
<br />Investments 483,332 483,332 483,332
<br /> Accounts Receivable -
<br /> Sales Tax 185,574 185,574 185,574
<br /> Accrued Interest Receivable 11,059 11,059 11,059
<br /> Restricted Assets
<br /> Bond Debt Service Fund
<br /> Cash and Cash Equivalents 56,218 56,218 56,218
<br /> Bond Reserve Fund
<br /> Cash and Cash Equivalents 428,807 428,807 428,807
<br /> Notes Receivable 4,259,090 4,259,090 4,259,090
<br /> Land Development Costs 1,275,215 1,275,215 1,275,215
<br /> Total Assets $ 7,007,835 $ 485,025 $ 7,492,860 $ $ 7,492,860
<br /> LIABILITIES
<br /> Liabilities Payable
<br /> from Restricted Assets
<br /> Current Portion of Bonds Payable $ $ $ $ (180,000) $ (180,000)
<br /> Accrued Interest Payable (17,286) (17,286)
<br /> Notes Payable -
<br /> Due Within One Year (406,322) (406,322)
<br /> Notes Payab1e-
<br /> Net of Current Portion ( 642,890) ( 642,890)
<br /> Bonds Payable -
<br /> Net of Current Portion (2,950,000) (2,950,000)
<br /> Total Liabilities (4,196,498) (4,196,498)
<br /> FUND BALANCES/NET ASSETS
<br /> Fund Balances:
<br /> Reserved for
<br /> Long-term Notes Receivable 4,069,211 4,069,211 4,069,211
<br /> Reserved for Land Development Costs 1,275,215 1,275,215 1,275,215
<br /> Reserved for Debt Service 287,739 287,739 287,739
<br /> Umeserved 1,663,409 197,286 1,860,695 1,860,695
<br /> Total Fund Balances 7,007,835 485,025 7,492,860 7,492,860
<br /> Total Liabilities and Fund Balances $ 7,007,835 $ 485,025 $ 7,492,860
<br /> Net Assets:
<br /> Restricted for Debt Service (287,739) 287,739
<br /> Unrestricted (3,008,623) 3,008,623
<br /> Total Net Assets $ $ 3,296,362
<br /> *Primari1y long-term liabilities not reported in the funds
<br /> See accompanying notes to fmancial statements.
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