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City of Paris, Texas _ Statement 7
<br />Statement of Net Assets
<br />Proprietary Funds
<br />For the Year Ended September 30, 2007
<br /> Water and Sewer Water and Sewer
<br /> Enterprise Fund Enterprise Fund
<br /> Current Year Prior Year
<br />ASSETS
<br />Current Assets:
<br />Cash and Cash Equivalents -Pooled $ 200,008 $ 1,487,008
<br />Cash and Cash Equivalents -Non-Pooled 6,879,329 4,570,232
<br />Accounts Receivables -Net 1,790,395 1,878,147
<br />Accrued Interest Receivable 6,168 22,795
<br />Inventories 267,422 258,814
<br />Total Current Assets 9,143,322 8,216,996
<br />Non-Current Assets:
<br />Investments 2,809,370 2,942,209
<br />Water Rights, Net of Accumulated Amortization 819,800 833,463
<br />Unamortized Bond Expense 610,661 711,136
<br />Capital Assets:
<br />Land 282,672 282,672
<br />Plant, Pumps and Motors 31,740,002 31,740,002
<br />Distribution System 36,210,888 36,210,888
<br />Collection System 20,649,492 20,649,492
<br />Maintenance Equipment and Vehicles 1,995,191 1,955,986
<br />Furniture and Equipment 244,222 244,222
<br />Construction in Progress 231,294 39,577
<br />Less Accumulated Depreciation (45,580,026) (42,774,633)
<br />Total Capital Assets (Net of Accumulated Depreciation) 45,773,735 48,348,206
<br />Total Non-Current Assets 50,013,566 52,835,014
<br />Total Assets 59,156,888 61,052,010
<br />The accompanying notes to the financial statements are an intregal part of this statement.
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