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2007-095-RES-Accepting and approving the Paris Economic Development Corporation Budget for the Fiscal year October 1, 2007; to September 30, 2008
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2007-095-RES-Accepting and approving the Paris Economic Development Corporation Budget for the Fiscal year October 1, 2007; to September 30, 2008
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8/21/2012 11:05:27 AM
Creation date
9/11/2007 10:27:53 AM
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CITY CLERK
Doc Name
2007-095-RES
Doc Type
Resolution
CITY CLERK - Date
8/27/2007
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PARIS ECONOMIC DEVELOPMENT CORPORATION <br />Revenue Statement <br />2007 -2008 <br />Anticipated Cash Position 9/30/07 $1,000,000 <br />(These funds will be carried over to 2006/07 budget) <br />Revenue 2007 -2008: <br />Estimated Sales Tax $11062,500 <br />Estimated Interest 20,000 <br />Paris Packaging Payments 384,000 <br />Total Current Revenue 11466,500 <br />Total Resources 2,466,500 <br />Committed Funds: <br />Bond Debt Payments <br />387,000 <br />C -Tech Loan Payments <br />181,568 <br />Ind. Park Loan Payments <br />226,500 <br />Chamber of Commerce <br />297,740 <br />Total Commitment of Existing Funds 1,092,808 <br />Available Funds For Projects 2007 -2008 $1,373,692 <br />Long Term Obligations (as of 9- 30 -07): <br />Bonds Payable (over 11 years) 21578,000 <br />C -Tech Debt Payable (over 10 months) 181,568 <br />Ind. Park Debt Payable - est. (over 2 years) 480,942 <br />Total Long Term Obligations $3,240,510 <br />
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