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Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Continuing Disclosure Information
<br />September 30, 2007
<br />(Unaudited)
<br />Sales Tax Collections
<br />The following table shows Sales Tax Collections for the Paris Economic Development Corporation's 1/4% sales tax for the
<br />five years ended September 30, 2007.
<br /> Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
<br /> 2006-07 2005-06 2004-OS 2003-04 2002-03
<br />October $ 84,238.04 $ 78,521.27 $ 70,285.42 $ 65,923.96 $ 68,571.50
<br />November 115,618.43 101,335.94 100,256.78 94,123.54 103,503.28
<br />December 85,747.00 78,925.11 67,281.60 70,572.68 67,994.97
<br />January 79,007.32 76,474.78 72,957.02 65,910.92 67,958.27
<br />February 124,953.39 122,263.65 118,587.03 108,397.88 104,726.44
<br />March 77,448.73 77,196.42 69,789.83 69,157.00 62,995.32
<br />April 79,522.92 62,161.14 68,029.22 65,462.23 60,076.19
<br />May 112,034.88 110,259.06 101,310.24 99,416.34 92,500.48
<br />June 81,031.99 87,009.11 73,271.56 70,797.62 70,048.21
<br />July 86,879.45 82,354.41 77,849.58 73,846.17 76,369.23
<br />August 106,314.87 109,883.37 100,414.56 101,302.10 86,326.04
<br />September 88,526.17 87,089.96 80,952.28 78,887.97 75,461.24
<br />Totals $1,121,323.19 $ 1,073,474.22 $1,000,985.12 $ 963,798.41 $ 936,531.17
<br />Pro Forma Bonded Debt Service Coverage
<br />Maximum Annual Debt Service Requirement (2018)
<br />Projected Annual Sales Tax Receipts 2007-08
<br />(Pledged Revenues are gross 1/4 cent sales tax)
<br />Estimated Pro Forma Coverage
<br />Average Annual Remaining Debt Service at September 30, 2007
<br />Projected Annual Sales Tax Receipts 2007-08
<br />(Pledged Revenues are gross 1/4 cent sales tax)
<br />Estimated Pro Forma Coverage
<br />Condensed Corporation Operating Statement
<br />Operating Revenues:
<br />Sales Taxes
<br />*Other Income (Loss)
<br />Total Revenues
<br />Operating Expenses:
<br />Projects
<br />Administration and
<br />Promotion
<br />Total Expenditures
<br />Net Available for Additional
<br />Economic Incentives or
<br />Debt Service
<br />$ 389,181
<br />$ 1,062,500
<br />2.73 x
<br />$ 384,761
<br />$ 1,062,500
<br />2.76 x
<br />Fiscal Year Ended September 30,
<br />2007 2006 2005 2004 2003
<br />$ 1,134,833 $ 1,080,270 $ 1,013,371 $ 958,941 $ 945,281
<br />38,288 (7,367) (43,268) (47,377) 6,280
<br />1,173,121 1,072,903 970,103 911,564 951,561
<br />
<br />27,208 107,725 464,422 221,204 575,561
<br />248,667 247,977 209,611 204,713 271,819
<br />275,875 355,702 674,033 425,917 847,380
<br />$ 897,246 $ 717,201 $ 296,070 $ 485,647 $ 104,181
<br />Source: Information received from the Issuer.
<br />* The net of interest income, interest expense, and gain or loss on the sale of assets.
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