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<br /> I
<br />
<br /> City of Paris, Texas
<br /> Changes in Net Assets
<br /> Last Seven Fiscal Years
<br /> (Accrual Basis of Accounting)
<br /> Unaudited
<br /> Fiscal Year
<br /> 2003(1) 2004 2005 2006 2007
<br /> Net (Expense)/Revenue
<br /> Governmental
<br /> Activities $(17,396,693) $(17,737,791) $(17,009,627) $(15,638,728) $(16,692,161)
<br /> Business-Type
<br /> Activities 765,115 932,446 1,606,341 1,966,758 1,519,688
<br />
<br /> Total Primary
<br /> Government,
<br /> Net Expense $(16,631,578) $(16,805,345) $(15,403,286) $(13,671,970) $(15,172,473)
<br /> General Revenues and Other Changes in Net Assets
<br /> Governmental Activities:
<br /> Taxes
<br /> Property Taxes $ 7,260,943 $ 7,456,850 $ 7,733,700 $ 7,583,269 $ 7,924,453
<br /> Sales Taxes 4,726,406 4,794,743 5,066,926 5,401,371 5,673,616
<br /> Franchise 3,034,049 2,465,130 3,062,589 3,053,671 3,082,183
<br /> Hotel Occupancy 310,920 302,334 314,404 396,333 430,991
<br /> Investment Earnings 155,320 127,251 112,310 342,306 571,678
<br /> Grants, Donations,
<br /> and Miscellaneous - - 418,603 568 102,195
<br /> Transfers (2,603,160) 1,235,454 4,588,598 1,090,000 1,100,000
<br /> Special Item - (928,533) - - -
<br /> Total Governmental
<br /> Activities 12,884,478 15,453,229 21,297,130 17,867,518 18,885,116
<br /> Business-Type Activities:
<br /> Investment Earnings 243,952 191,576 70,731 284,899 367,601
<br /> Transfers 2,603,160 (1,235,454) (4,588,598) (1,090,000) (1,100,000)
<br /> Contribution - 593,660 602,111 32,600 -
<br /> Special Item - (408,088) - - -
<br /> Total Business-Type
<br /> Activities 2,847,112 (858,306) (3,915,756) (772,501) (732,399)
<br /> Total Primary
<br /> Government $ 15,731,590 $ 14,594,923 $ 17,381,374 $ 17,095,017 $ 18,152,717
<br /> Change in Net Assets
<br /> Governmental
<br /> Activities $ (4,512,215) $ (2,284,562) $ 4,287,503 $ 2,228,790 $ 2,192,955
<br /> Business-Type
<br /> Activities 3,612,227 74,140 (2,309,415) 1,194,257 787,289
<br />
<br /> Total Primary
<br /> Government $ (899,988) $ (2,210,422) $ 1,978,088 $ 3,423,047 $ 2,980,244
<br />
<br /> (1) Fiscal Year 2003 was the ini ial year of implementation of GASB Statement No. 34.
<br /> Fiscal years prior to 2003 were not restated in GASB No. 34 format.
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