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<br /> <br /> <br /> City of Paris, Texas Statement 5 <br /> Reconciliation of the Statement of Revenues, Expenditures and <br /> Changes Fund Balances of Governmental Funds to the Statement of Activities <br /> For the Year Ended September 30, 2009 <br /> <br /> <br /> Amounts reported for gove ental activities in the statement of activities (Statement 2) are <br /> different because: <br /> Net change in fund balanc s - total governmental funds (Statement 4). $ 559,677 <br /> <br /> Governmental funds reported capital outlays as expenditures. However, in the statement <br /> of activities the cost ofthose assets is allocated over their estimated useful lives and <br /> reported as depreciation expense. This is the amount by which depreciation exceeded <br /> capital outlays in the cu ent period. (1,796,243) <br /> Revenues in the statement of activities that do not provide current financial resources <br /> are not reported as revenues in the funds. (33,596) <br /> <br /> Accrued interest reported ' the statement of activities does not require the use of current <br /> financial resources and therefore is not reported as an expenditure in governmental funds. 10,894 <br /> <br /> The net change in inventory is a direct adjustment to fund balance in the funds. (36,283) <br /> <br /> Some expenses reported ' the statement of activities do not require the use of current <br /> financial resources and, herefore, are not reported as expenditures in governmental funds. 637,655 <br /> The issuance of long-terrr. debt (e.g. bonds, leases) provides current financial resources <br /> to governmental funds, while the repayment of the principal of long-term debt consumes <br /> the current financial res urces of governmental funds. Neither transaction, however, <br /> has any effect on net ass ts. Also, governmental funds report the effect of issuance <br /> costs, premium, discoun s, and similar items when debt is first issued, whereas these <br /> amounts are deferred an amortized in the statement of activities. This amount is the net <br /> effect of these differences in the treatment of long-term debt and related items. 819,323 <br /> Change in net assets of g vernmental activities (Statement 2). $ 161,427 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> The accompanying notes the financial statements are an integral part of this statement. <br /> <br /> 18 <br />