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<br /> City of Paris - Net Assets
<br />
<br /> Governmental Activities Business-Type Activities Total
<br /> 2009 2008 2009 2008 2009 2008
<br /> Current & Other Assets $ 17,099, 84 $ 16,584,067 $ 13,444,091 $ 12,622,232 $ 30,543,775 $ 29,206,299
<br /> Capital Assets 37,470, 68 39,261,007 43,528,542 45,220,122 80,998,810 84,481,129
<br /> Total Assets 54,569, 52 55,845,074 56,972,633 57,842,354 111,542,585 113,687,428
<br /> Long-term Liabilities
<br /> Outstanding 11,508, 48 12,743,685 19,282,768 21,612,424 30,791,716 34,356,109
<br /> Other Liabilities 325,751 527,563 349,530 1,246,708 675,281 1,774,271
<br /> Total Liabilities 11,834, 99 13,271,248 19,632,298 22,859,132 31,466,997 36,130,380
<br /> Net Assets:
<br /> Invested in
<br /> Capital Assets
<br /> Net of Related Debt 26,663, 57 27,214,018 26,288,945 24,810,704 52,952,502 52,024,722
<br /> Restricted 952,225 2,634,911 3,813,439 2,810,233 4,765,664 5,445,144
<br /> Unrestricted 15,119, 71 12,724,897 7,237,951 7,362,285 22,357,422 20,087,182
<br /> Total Net Assets $ 42,735,2 53 $ 42,573,826 $ 37,340,335 $ 34,983,222 $ 80,075,588 $ 77,557,048
<br />
<br /> An additional portion of the Ci of Paris' net assets, $4,765,664 or 5.95% represents resources that are subject to external
<br /> restrictions on how they may be sed. The remaining balance of unrestricted net assets, $22,357,422 or 27.92% may be used
<br /> to meet the government's ongo' obligations to citizens and creditors.
<br /> There was a decrease of $679,480 in restricted net assets due to a reduced amount being set aside for construction which
<br /> more than offset the increase res iction for debt service. As would be expected, the increase in City assets accompanied by a
<br /> reduction in restricted assets produced an increase in unrestricted assets.
<br /> At the end of the current fiscal ear, the City of Paris is able to report positive balances in all three categories of net assets
<br /> (invested in capital assets net of elated debt, restricted assets, and unrestricted assets) both for the government as a whole, as
<br /> well as for its separate governmental and business-type activities. This was also true for the prior fiscal year.
<br />
<br /> Governmental Activities
<br /> Governmental activities increas d the City of Paris' net assets by $161,427 or 6.40% during the current fiscal year. This
<br /> increase resulted from increases 'n capital grants/contribution, sales taxes, and hotel taxes. These increases offset decreases in
<br /> property taxes, operating grants franchise taxes, and interest earnings. Total governmental revenues were up $119,477 or
<br /> .49%. General revenues were own $463,172 or 2.67% due to lower property tax collections, investment earnings and
<br /> franchise fee collections. Progra revenues were up $260,765 or 1.30% due to increased capital grants and contributions.
<br />
<br /> Increase/
<br /> General venues 2009 2008 (Decrease)
<br /> Property Taxes $ 7,794,381 $ 73904,936 $ (110,555)
<br /> Sales Taxes 6,441,260 5,696,174 745,086
<br /> Franchise Taxes 2,859,338 2,898,214 (38,876)
<br /> Hotel Occupancy T es 526,998 434,441 92,557
<br /> Unrestricted Investment Earnings 174,636 399,676 (225,040)
<br /> Total General Revenues $ 17,796,613 $ 17,333,441 $ 463,172
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