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Financial Analysis of the Government's Funds
<br />As noted earlier, the City of Paris uses fund accounting to ensure and demonstrate compliance with finance-related legal
<br />requirements.
<br />Governmental Funds
<br />The focus of the City of Paris' governmental funds is to provide information on near-term inflows, outflows, and balances of
<br />spendable resources. Such information is useful in assessing the City of Paris' financing requirements. In particular, unreserved
<br />fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year.
<br />Governmental Funds
<br />2011
<br />2010
<br />Total Assets
<br />$ 18,253,551
<br />$ 19,037,115
<br />Total Liabilities
<br />$ 1,493,601
<br />$ 1,036,897
<br />Fund Balances:
<br />Nonspendable:
<br />Inventory
<br />199,519
<br />214,932
<br />Perm. Fund Principal
<br />88,520
<br />86,564
<br />Restricted for:
<br />Construction
<br />-
<br />2,783,934
<br />Debt Service
<br />3,426,387
<br />2,628,654
<br />Notes
<br />95,900
<br />128,285
<br />Law Enforcement
<br />132,367
<br />-
<br />Health
<br />215,389
<br />-
<br />Assigned:
<br />Library
<br />123,249
<br />-
<br />Community Development
<br />322,450
<br />-
<br />Unassigned:
<br />General Fund
<br />12,156,169
<br />11,376,619
<br />Special Revenue Fund
<br />-
<br />781,230
<br />Total Fund Balances
<br />16,759,950
<br />18,000,218
<br />Total Liabilities and
<br />Fund Balances
<br />$ 18,253,551
<br />$ 19,037,115
<br />As of the end of the current fiscal year, the City of Paris' governmental funds reported combined ending fund balances of
<br />$16,759,950. Approximately 72.53% of this total amount ($12,156,169) constitutes unassigned fund balance, which is
<br />available for spending at the government's discretion. The remainder of fund balance is reserved to indicate that it is not
<br />available for new spending because it is non-spendable, restricted, or assigned to permanent fund principal ($88,520), pay debt
<br />service ($3,426,387), outstanding notes ($95,900), inventories ($199,519), law enforcement ($132,367), health ($215,389),
<br />library ($123,249), and community development ($322,450).
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