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City of Paris, Texas
<br />Statement of Net Assets
<br />Proprietary Funds
<br />September 30, 2011
<br />Statement 7
<br />Water and Sewer
<br />Water and Sewer
<br />Enterprise Fund
<br />Enterprise Fund
<br />Current Year
<br />Prior Year
<br />ASSETS
<br />Current Assets:
<br />Cash and Cash Equivalents - Pooled
<br />$ 7,549,516
<br />$ 4,382,910
<br />Cash and Cash Equivalents - Non-Pooled
<br />373,453
<br />2,777,652
<br />Restricted Cash and Cash Equivalents:
<br />Revenue Bond Construction Accounts - Pooled
<br />-
<br />1,636,722
<br />Customer Deposits - Pooled
<br />226,945
<br />251,169
<br />Total Cash and Cash Equivalents
<br />8,149,914
<br />9,048,453
<br />Accounts Receivable - Net
<br />1,868,719
<br />2,088,930
<br />Accrued Interest Receivable
<br />1,744
<br />2,781
<br />Inventories
<br />358,909
<br />297,833
<br />Total Current Assets
<br />10,379,286
<br />11,437,997
<br />Non-Current Assets:
<br />Investments:
<br />Customer Deposits
<br />525,567
<br />478,987
<br />Unrestricted
<br />2,082,000
<br />2,633,365
<br />Total Investments
<br />2,607,567
<br />3,112,352
<br />Water Rights, Net of Accumulated Amortization
<br />3,563,235
<br />778,803
<br />Unamortized Bond Expense
<br />527,392
<br />691,891
<br />Capital Assets:
<br />Land
<br />339,620
<br />339,620
<br />Plant, Pumps and Motors
<br />32,638,547
<br />32,475,478
<br />Distribution System
<br />38,253,301
<br />36,980,361
<br />Collection System
<br />22,318,244
<br />22,293,694
<br />Maintenance Equipment and Vehicles
<br />2,574,510
<br />2,612,009
<br />Furniture and Equipment
<br />244,222
<br />244,222
<br />Construction in Progress
<br />532,553
<br />1,053,876
<br />Less Accumulated Depreciation
<br />(57,354,122)
<br />(54,377,894)
<br />Total Capital Assets (Net of Accumulated Depreciation)
<br />39,546,875
<br />41,621,366
<br />Total Non-Current Assets
<br />46,245,069
<br />46,204,412
<br />Total Assets
<br />56,624,355
<br />57,642,409
<br />The accompanying notes to the financial statements are an intregal part of this statement.
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