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<br />
<br />
<br /> Paris Economic Development Corporation
<br /> (A Component Unit of the City of Paris, Texas)
<br /> Continuing Disclosure Information
<br /> September 30, 2009
<br /> (Unaudited)
<br />
<br /> Sales Tax Collections
<br /> The following table shows Sale Tax Collections for the Paris Economic Development Corporation's 1/4% sales tax for the
<br /> five years ended September 30:
<br /> Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
<br /> 2008-09 2007-08 2006-07 2005-06 2004-05
<br /> October $ 88,922.2 $ 83,464.96 $ 84,238.04 $ 78,521.27 $ 70,285.42
<br /> November 110,970.1 99,241.92 115,618.43 101,335.94 100,256.78
<br /> December 94,350.4 86,341.92 85,747.00 78,925.11 67,281.60
<br /> January 97,226.8 71,512.24 79,007.32 76,474.78 72,957.02
<br /> February 153,829.7 117,965.74 124,953.39 122,263.65 118,587.03
<br /> March 99,611.2 81,093.26 77,448.73 77,196.42 69,789.83
<br /> April 97,990.3 81,133.33 79,522.92 62,161.14 68,029.22
<br /> May 118,995.6 104,144.40 112,034.88 110,259.06 101,310.24
<br /> June 104,476.2 98,082.39 81,031.99 87,009.11 73,271.56
<br /> July 84,222.5 91,465.06 86,879.45 82,354.41 77,849.58
<br /> August 115,161.6 120,089.43 106,314.87 109,883.37 100,414.56
<br /> September 108,494.8 115,500.00 88,526.17 87,089.96 80,952.28
<br /> Totals $1,274,251.9 $ 1,150,034.65 $1,121,323.19 $1,073,474.22 $1,000,985.12
<br /> Pro Forma Bonded Debt Service Coverage
<br /> Maximum Annual Debt Service Requirement (2018) $ 389,181
<br /> Projected Annual Sales Tax Rec ipts 2009-10 $ 1,000,000
<br /> (Pledged Revenues are gross 14 cent sales tax)
<br /> Estimated Pro Forma Coverage 2.57 x
<br /> Average Annual Remaining Debt Service at September 30, 2009 $ 385,569
<br /> Projected Annual Sales Tax Rec ipts 2009-10 $ 1,000,000
<br /> (Pledged Revenues are gross 1 4 cent sales tax)
<br /> Estimated Pro Forma Coverage 2.59 x
<br /> Condensed Corporation Operating Statement
<br /> Fiscal Year Ended September 30,
<br /> 2009 2008 2007 2006 2005
<br /> Operating Revenues:
<br /> Sales Taxes $ 1,288,374 $ 1,139;115 $ 1,134,833 $ 1,080,270 $ 1,013,371
<br /> *Other Income (Loss) 1,293 35,846 38,288 (7,367) (43,268)
<br /> Total Revenues 1,289,667 1,174,961 1,173,121 1,072,903 970,103
<br /> Operating Expenses:
<br /> Projects 69,520 646,545 27,208 107,725 464,422
<br /> Administration and
<br /> Promotion 413,261 335,036 248,667 247,977 209,611
<br /> Total Expenditures 482,781 981,581 275,875 355,702 674,033
<br /> Net Available for Additional
<br /> Economic Incentives or
<br /> Debt Service $ 806,886 $ 193,380 $ 897,246 $ 717,201 $ 296,070
<br /> Source: Information received fr m the Issuer.
<br /> * The net of interest income, interest expense, and gain or loss on the sale of assets.
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