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<br /> Paris Economic Development Corporation
<br /> (A Component Unit of the City of Paris, Texas)
<br /> Statement of Revenues, Expenditures, and Changes in Fund Balances/Statement of Activities
<br /> For the Year Ended September 30, 2009
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<br /> Debt Statement
<br /> General Service of
<br /> Fund Fund Total Adjustments* Activities
<br /> Revenues:
<br /> Sales Tax $ 1,288,374 $ - $1,288,374 $ - $ 1,288,374
<br /> Investment Earnings 183,187 4,343 187,530 - 187,530
<br /> Total Revenues 1,471,561 4,343 1,475,904 - 1,475,904
<br /> Expenditures:
<br /> Industrial Support and Incenti es 69,520 - 69,520 - 69,520
<br /> Office Supplies and Postage 9,970 - 9,970 - 9,970
<br /> Communications 2,896 - 2,896 - 2,896
<br /> Car Allowance 9,000 - 9,000 - 9,000
<br /> Special Service Fees 26,540 - 26,540 - 26,540
<br /> Insurance and Bonds 4,834 - 4,834 - 4,834
<br /> Travel Expenses 33,584 - 33,584 - 33,584
<br /> Public Notices 525 - 525 - 525
<br /> Contractual Associations 7,871 - 7,871 - 7,871
<br /> Promotional Advertising 43,943 - 43,943 - 43,943
<br /> Administration Fee 15,000 - 15,000 - 15,000
<br /> Personnel Compensation 226,276 - 226,276 - 226,276
<br /> Sundry Charges 3,596 - 3,596 - 3,596
<br /> All Utilities 15,266 - 15,266 - 15,266
<br /> Equipment 4,019 - 4,019 - 4,019
<br /> Building Maintenance 9,941 - 9,941 - 9,941
<br /> Debt Service
<br /> Principal 217,917 200,000 417,917 (417,917) -
<br /> Interest 8,583 179,761 188,344 (2,107) 186,237
<br /> Total Expenditures 709,281 379,761 1,089,042 (420,024) 669,018
<br /> Excess (Deficit) of Revenues
<br /> Over Expenditures 762,280 (375,418) 386,862 420,024 806,886
<br /> Other Financing Sources/Uses:
<br /> Transfers - Internal Activities (365,000) 365,000 - - -
<br /> Excess of Revenues and Other ources
<br /> Over Expenditures and Other Uses 397,280 (10,418) 386,862 420,024 806,886
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<br /> Fund Balances/Net Assets:
<br /> Beginning of the Year 6,037,748 498,763 6,536,511 (3,049,523) 3,486,988
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<br /> End of the Year $ 6,435,028 $ 488,345 $6,923,373 $ (2,629,499) $ 4,293,874
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<br /> *Primarily long-term liabilities of reported in the funds
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<br /> See accompanying notes to financial statements. 3
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