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Financial Analysis of the Government's Funds
<br />As noted earlier, the City of Paris uses fund accounting to ensure and demonstrate compliance with finance-related legal
<br />requirements.
<br />Governmental Funds
<br />The focus of the City of Paris' governmental funds is to provide information on near-term inflows, outflows, and balances
<br />of spendable resources. Such information is useful in assessing the City of Paris' financing requirements. In particular,
<br />unreserved fund balance may serve as a useful measure of a government's net resources available for spending at the end of
<br />the fiscal year.
<br />Governmental Funds
<br />2007 2006
<br />Total Assets
<br />Total Liabilities
<br />Fund Balances:
<br />Reserved for:
<br />Construction
<br />Debt Service
<br />Notes
<br />Inventories
<br />Unreserved:
<br />General Fund
<br />Special Rev. Fd.
<br />Permanent Funds
<br />Total Fund Balances
<br />Total Liabilities and
<br />Fund Balances
<br />$ 15,031,813 $ 12,175,159
<br />$ 802,613 $ 1,199,048
<br />659,763
<br />736,869
<br />43,951
<br />202,440
<br />11,581,136
<br />924,573
<br />80,468
<br />14,229,200
<br />$ 15,031,813
<br />189,736
<br />751,574
<br />55,882
<br />118,925
<br />8,874,883
<br />908,559
<br />76,552
<br />10,976,111
<br />$ 12,175,159
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund balances of
<br />$14,229,200. Approximately 88.45% of this total amount ($12,586,177) constitutes unreserved fund balance, which is
<br />available for spending at the government's discretion. The remainder of fund balance is reserved to indicate that it is not
<br />available for new spending because it has already been committed to 1) construction ($659,763), 2) pay debt service
<br />($736,869), 3) outstanding notes ($43,951), and 4) inventories ($202,440).
<br />Governmental Funds
<br />Revenues
<br />Expenditures
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures
<br />Total Other Financing Sources (Uses)
<br />Net Change in Fund Balances
<br />Increase (Decrease) in Inventory
<br />Fund Balances-October 1
<br />Fund Balances-September 30
<br />Revenues, Expenditures, &
<br />Changes in Fund Balances
<br />2007 2006
<br />
<br />$ 23,861,424 $ 23,663,297
<br />22,533,695 25,183,372
<br />
<br />1,327,729 (1,520,075)
<br />1,841,845 1,090,000
<br />
<br />3,169,574 (430,075)
<br />83,515 (34,118)
<br />10,976,111 11,440,304
<br />
<br />$ 14,229,200 $ 10,976,111
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