|
<br /> i
<br />
<br /> City of Paris, Texas
<br /> Notes to Financial Statements
<br /> September 30, 2009
<br />
<br />
<br /> IV. Detailed Notes on All Funds and Component Unit (Continued)
<br />
<br /> F . Long-Term Debt (Continued)
<br />
<br /> A summary of long-term liability transactions for the year ended September 30, 2009, follows:
<br /> Balance Balance
<br /> September 30, September 30, Due Within
<br /> 2008 Additions Reductions 2009 One year
<br /> Governmental Activities
<br /> Certificates of Obligation $ 11,504,600 $ - $ 824,200 $ 10,680,400 $ 872,578
<br /> Note 26,354 - 8,360 17,994 8,778
<br /> Capital Leases 15,291 - 15,291 - -
<br /> Compensated Absences 703,920 104,313 102,041 706,192 102,397
<br /> Infrastructure Cost
<br /> Reimbursement 393,520 - 393,520 - -
<br /> Landfill Post Closure
<br /> Care Costs 100,000 - 15,157 84,843 41,100
<br /> OPEB Liability - 19,519 - 19,519 -
<br /> Governmental Activities
<br /> Long-Term Liabilities $ 12,743,685 $ 123,882 $ 1,358,569 $ 11,508,948 $ 1,024,853
<br /> Business-Type Activities
<br /> Revenue Bonds $ 20,890,400 $ - $ 2,975,800 $ 17,914,600 $ 3,116,200
<br /> Water Rights Debt 547,251 - 32,661 514,590 33,683
<br /> Capital Leases 56,793 - 56,793 - -
<br /> Compensated Absences 117,980 11,191 22,681 106,490 22,363
<br /> Business-Type Activities
<br /> Long-Term Liabilities $ 21,612,424 $ 11,191 $ 3,087,935 $ 18,535,680 $ 3,172,246
<br /> Component Unit
<br /> Bonds Payable $ 2,760,000 $ - $ 200,000 $ 2,560,000 $ 215,000
<br /> Note Payable 273,561 - 217,917 55,644 55,644
<br /> Component Unit
<br /> Long-Term Liabilities $ 3,033,561 $ - $ 417,917 $ 2,615,644 $ 270,644
<br /> For the gove ental activities, compensated absences are liquidated by the general fund.
<br />
<br /> PEDC has ante payable to a bank to provide funding for an industrial park and other purposes.
<br /> This note bear interest at a rate of 4.942% with principal and interest payments due on a monthly
<br /> basis. The no is secured by a tax assignment and security agreement. It also contains, to the
<br /> extent permitte by law, a right of setoff in all accounts PEDC has with the lender. The balance of
<br /> the note at September 30, 2009, was $55,644.
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br /> 44
<br />
|