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<br /> City of Paris, Texas
<br /> Notes to Financial Statements
<br /> September 30, 2009
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<br /> IV. Detailed Notes on All Funds and Component Unit (Continued)
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<br /> A. Deposits and Investments (Continued)
<br /> Custodial Credit Risk - Deposits. In the case of deposits, this is the risk that in the event of a bank
<br /> failure, the City's deposits may not be returned to it. As of September 30, 2009, the City's bank
<br /> balance was not exposed to custodial credit risk. As of the same date PEDC had exposure to
<br /> custodial credit risk because $279,268 of the PEDC bank balance of $922,285 was uninsured.
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<br /> Custodial Credit Risk - Investments. For an investment, this is the risk that in the event of the
<br /> failure of the ounter-party, the City may not be able to recover the value of its investments or
<br /> collateral securities that are in the possession of an outside party. As of September 30, 2009, the
<br /> City did not have custodial credit risk exposure.
<br /> Foreign Currency Risk is the risk that an investment denominated in the currency of a foreign
<br /> country could reduce its United States of America dollar value as a result of changes in foreign
<br /> currency exch nge rates. At September 30, 2009, the City was not exposed to foreign currency
<br /> risk.
<br /> B. Receivables
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<br /> Receivables a of year-end, including the applicable allowances for uncollectible accounts, are as
<br /> follows:
<br /> Special Debt
<br /> General Revenue Service Enterprise
<br /> Receivables:
<br /> Interest $ 10,580 $ - $ - $ 5,000
<br /> Property Taxes 766,889 - 104,037 -
<br /> Sales Tax 1,011,000 - - -
<br /> Accounts 125,572 - - 1,756,480
<br /> Other Gove ents 178,754 220,280 - -
<br /> Street Assessments 26,473 - - -
<br /> Fines 139,045 - - -
<br /> EMS 2,393,451 - - -
<br /> Notes Receivable 24,557 92,930 - -
<br /> Gross Receivables 4,676,321 313,210 104,037 1,761,480
<br /> Less: Allowable for
<br /> Uncollecti les (2,400,206) - (26,009 -
<br /> Net Total Re eivables $ 2,276,115 $ 313,210 $ 78,028 $ 1,761,480
<br /> Net receivable balances not expected to be collected within one year are Property Taxes -
<br /> $381,911, F' es - $19,522, EMS - $312,543, and Street Assessments - $26,473.
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