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<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. <br /> 2 <br />