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<br />
<br /> Paris Economic Development Corporation
<br /> (A Component Unit of the City of Paris, Texas)
<br /> Required Supplementary Information
<br /> Budgetary Comparison Schedule - General Fund
<br /> For the Year Ended September 30, 2009
<br /> Variance with
<br /> Final Budget
<br /> Budgeted Amounts Actual Positive
<br /> Original Final Amounts (Negative)
<br /> Revenues:
<br /> Sales Tax $ 1,000,000 $ 1,000,000 $ 1,288,374 $ 288,374
<br /> Investment Earnings 233,324 233,324 183,187 (50,137)
<br /> Total Revenues 1,233,324 1,233,324 1,471,561 238,237
<br /> Expenditures:
<br /> Industrial Support and Incentives 2,041,278 2,016,278 69,520 1,946,758
<br /> Office Supplies and Postage 12,000 12,000 9,970 2,030
<br /> Commuications - Telephone 4,500 4,500 2,896 1,604
<br /> Car Allowance 9,000 9,000 9,000 -
<br /> Insurance and Bonds - - 4,834 (4,834)
<br /> Special Service Fees - - 26,540 (26,540)
<br /> Travel Expenses 35,000 35,000 33,584 1,416
<br /> Public Notices 1,000 1,000 525 475
<br /> All Utilities 15,000 15,000 15,266 (266)
<br /> Miscellaneous 1,000 1,000 - 1,000
<br /> Contractual Associations 10,000 10,000 7,871 2,129
<br /> Promotional Advertising 45,000 45,000 43,943 1,057
<br /> Consultants 25,000 25,000 - 25,000
<br /> Chamber Administration Fee 15,000 15,000 15,000 -
<br /> Personnel Compensation 198,673 198,673 226,276 (27,603)
<br /> Sundry Charges 6,050 6,050 3,596 2,454
<br /> Equipment 3,000 3,000 4,019 (1,019)
<br /> Building Maintenance - 25,000 9,941 15,059
<br /> Debt Service
<br /> Principal 217,733 217,733 217,917 (184)
<br /> Interest 8,767 8,767 8,583 184
<br /> Total Expenditures 2,648,001 2,648,001 709,281 1,938,720
<br /> Excess (Deficit) of Re enues
<br /> Over Expenditures (1,414,677) (1,414,677) 762,280 2,176,957
<br /> Other Financing Sources/U es:
<br /> Transfer to Debt Service F nd (379,000) (379,000) (365,000) 14,000
<br /> Net Change in Fund Balan es (1,793,677) (1,793,677) 397,280 2,190,957
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<br /> Fund Balances/Beginning o the Year 6,037,748 6,037,748 6,037,748 -
<br /> Fund Balances/End of the Year $ 4,244,071 $ 4,244,071 $ 6,435,028 $ 2,190,957
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