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Net Assets
<br />Governmental Activities
<br />Business-ty
<br />pe Activities
<br />Total
<br />2011
<br />2010
<br />2011
<br />2010
<br />2011
<br />2010
<br />Assets
<br />Current & Other Assets
<br />$ 18,329,557
<br />$19,313,523
<br />$ 12,366,088
<br />$14,550,349
<br />$ 30,695,645
<br />$ 33,863,872
<br />Capital Assets
<br />37,417,751
<br />37,449,994
<br />43,637,502
<br />43,092,060
<br />81,055,253
<br />80,542,054
<br />Total Assets
<br />55,747,308
<br />56,763,517
<br />56,003,590
<br />57,642,409
<br />111,750,898
<br />114,405,926
<br />Liabilities
<br />Long-term Liabilities
<br />Outstanding
<br />12,905,470
<br />13,782,012
<br />11,706,684
<br />16,596,662
<br />24,612,154
<br />30,378,674
<br />Other Liabilities
<br />770,754
<br />296,025
<br />1,024,862
<br />709,471
<br />1,795,616
<br />1,005,496
<br />Total Liabilities
<br />13,676,224
<br />14,078,037
<br />12,731,546
<br />17,306,133
<br />26,407,770
<br />31,384,170
<br />Net Assets
<br />Invested in Capital Assets
<br />Net of Related Debt
<br />25,311,134
<br />26,871,917 31,855,910
<br />28,883,901
<br />57,167,044
<br />55,755,818
<br />Restricted
<br />3,958,563
<br />5,454,967 -
<br />1,636,722
<br />3,958,563
<br />7,091,689
<br />Unrestricted
<br />12,801,387
<br />10,358,596 11,416,134
<br />9,815,653
<br />24,217,521
<br />20,174,249
<br />Total Net Assets
<br />$ 42,071,084
<br />$42,685,480 $ 43,272,044
<br />$40,336,276
<br />$ 85,343,128
<br />$ 83,021,756
<br />An additional portion of the City of Paris' net assets ($3,958,563 or 4.63%) represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net assets ($24,217,521 or 28.37%) may be used
<br />to meet the government's ongoing obligations to citizens and creditors.
<br />There was a decrease in restricted net assets due to the elimination of the amount set aside for construction.
<br />At the end of the current fiscal year, the City of Paris is able to report positive balances in all three categories of net assets
<br />(invested in capital assets net of related debt, restricted assets, and unrestricted assets) for the government as a whole, as well
<br />as for its separate governmental and business-type activities. This was also true for the prior fiscal year.
<br />Governmental Activities
<br />Governmental activities decreased the City of Paris' net assets by $614,396 (0.71%) during the current fiscal year. This
<br />decrease was a result of decreases in property and hotel taxes. Total governmental revenues were down $238,791 (0.99
<br />General revenues were down $337,822 (1.98%) due to lower property taxes and hotel occupancy taxes. Program revenues were
<br />up $299,530 (4.35%) due to increased operating grants and contributions.
<br />General Revenues
<br />General Revenues
<br />Property Taxes
<br />Sales Taxes
<br />Franchise Taxes
<br />Hotel Occupancy Taxes
<br />Unrestricted Investment Earnings
<br />2011
<br />$ 7,620,281
<br />6,033,469
<br />2,719,496
<br />449,213
<br />84,327
<br />Increase/
<br />2010 (Decrease)
<br />$ 7,853,487 $ (233,206)
<br />5,843,494 189,975
<br />2,743,214 (23,718)
<br />500,755 (51,542)
<br />113,006 (28,679)
<br />Total General Revenues $ 16,906,786 $ 17,053,956 $ (147,170)
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