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<br />
<br /> The following table provides a summary of the City's operations for the years ending 2008 and 2009 for both governmental
<br /> and business-type activities:
<br />
<br /> City of Paris - Changes in Net Assets
<br /> Governmental Activities Business-Type Activities Total
<br /> 2009 2008 2009 2008 2009 2008
<br /> Revenues:
<br /> Program Revenues:
<br /> Charges for Services $ 5,029,640 $ 5,452,944 $ 13,616,713 $ 13,012,253 $ 18,646,353 $ 18,465,197
<br /> Operating Grants
<br /> and Contributions 1,317,832 1,407,529 - - 1,317,832 1,407,529
<br /> Capital Grants 224,458 55,152
<br /> and Contributions 224,458 55,152
<br /> General Revenues:
<br /> Property Taxes 7,794,381 7,904,936 - 7,794,381 7,904,936
<br /> Sales Taxes 6,441,260 5,696,174 - 6,441,260 5,696,174
<br /> Franchise Taxes 2,859,338 2,898,214 - 2,859,338 2,898,214
<br /> Hotel Occupancy Taxes 526,998 434,441 - - 526,998 434,441
<br /> Unrestricted
<br /> Investment Earnings 174,636 399,676 212,479 309,586 387,115 709,262
<br /> Other - - 628,090 196,052 628,090 196,052
<br /> Total Revenues 24,368,543 24,249,066 14,457,282 13,517,891 38,825,825 37,766,957
<br /> Expenses: 3,590,461 2,076,554
<br /> General Government 3,590,461 2,076,554
<br /> Finance 449,227 467,865 - - 449,227 467,865
<br /> Public Safety 9,498,749 9,737,225 - - 9,498,749 9,737,225 Public Works 6,905,252 7,705,564 - - 6,905,252 7,705,564
<br /> Health 3,133,324 3,174,713 - - 3,133,324 3,174,713
<br /> Library Service 730,925 790,216 - - 730,925 790,216
<br /> Cox Field 294,089 262,533 - - 294,089 262,533
<br /> Interest on
<br /> Long-Term Debt 507,788 557,588 - - 507,788 557,588
<br /> Water &Sewer - - 11,197,470 10,959,294 11,197,470 10,959,294
<br /> Total Expenses 25,109,815 24,772,258 11,197,470 10,959,294 36,307,285 35,731,552
<br /> Increase in Net Assets
<br /> Before Transfers (741,272) (523,192) 3,259,812 2,558,597 2,518,540 2,035,405
<br /> Transfers/Special Item 902,699 1,100,000 (902,699) (1,100,000) -
<br /> Increase in Net Assets 161,427 576,808 2,357,113 1,458,597 2,518,540 2,035,405
<br /> Net Assets 10-1-08 42,573,826 41,997,018 34,983,222 33,524,625 77,557,048 75,521,643
<br /> Net Assets 9-30-09 $ 42,735,253 $ 42,573,826 $ 37,340,335 $ 34,983,222 $ 80,075,588 $ 77,557,048
<br /> Business-Type Activities
<br /> Business-type activities increased the City of Paris' net assets by $2,357,113. This increase was from a combination of
<br /> increased program revenues an contribution revenues.
<br /> 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.
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