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<br />J Paris Economic Development Corporation
<br /> (A Component Unit of the City of Paris, Texas)
<br /> Statement of Revenues, Expenditures, and Changes in Fund Balances/Statement of Activity
<br /> For the Year Ended September 30, 2006
<br />j Debt Statement
<br /> General Service of
<br /> Fund Fund Total Adjustments * Activities
<br /> Revenues:
<br /> Sales Tax $ 1,080,270 $ $1,080,270 $ $1,080,270
<br /> Investment Earnings 250,424 19,249 269,673 269,673
<br /> Total Revenues 1,330,694 19,249 1,349,943 1,349,943
<br /> Expenditures:
<br /> Industrial Support and Incentives 107,725 107,725 107,725
<br /> Office Supplies and Postage 5,855 5,855 5,855
<br /> Commuications 1,878 1,878 1,878
<br /> Special Service Fees 15,772 15,772 15,772
<br /> Travel Expenses 28,965 28,965 28,965
<br /> Public Notices 505 505 505
<br /> Furniture and Fixtures 5,892 5,892 5,892
<br /> Contractual Associations 3,606 3,606 3,606
<br /> Promotional Advertising 53,276 53,276 53,276
<br /> Administration Fee 10,000 10,000 10,000
<br /> Personnel Compensation 118,079 118,079 118,079
<br /> Legal and Accounting 4,150 4,150 4,150
<br /> Debt Service
<br /> Principal 389,255 165,000 554,255 (554,255)
<br /> Interest 56,882 221,224 278,106 (1,066) 277,040
<br /> Total Expenditures 801,840 386,224 1,188,064 (555,321) 632,743
<br /> Excess of Revenues
<br /> Over Expenditures 528,854 (366,975) 161,879 555,321 717,200
<br /> Other Financing SourceslUses:
<br /> Transfers - Internal Activities (412,000) 412,000
<br /> Excess of Revenues and Other Sources
<br /> Over Expenditures and Other Uses 116,854 45,025 161,879 555,321 717,200
<br /> Fund BalanceslNet Assets:
<br /> Beginning of the Year 6,890,981 440,000 7,330,981 (4,751,819) 2,579,162
<br /> End of the Year $ 7,007,835 $ 485,025 $7,492,860 $ (4,196,498) $ 3,296,362
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<br />*Primarily long-tenn liabilities not reported in the funds
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<br />See accompanying notes to fmancia1 statem~nts.
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