|
City of Paris, Texas Statement 7
<br />Statement of Net Assets (Continued)
<br />Proprietary Funds
<br />September 30, 2011
<br />Water and Sewer
<br />Water and Sewer
<br />Enterprise Fund
<br />Enterprise Fund
<br />Current Year
<br />Prior Year
<br />LIABILITIES
<br />Current Liabilities:
<br />Accounts Payable
<br />167,206
<br />99,919
<br />Payable to U.S.A. for Water Rights - Current Portion
<br />-
<br />480,909
<br />Interest Payable
<br />47,076
<br />128,643
<br />Customers' Deposits
<br />810,580
<br />804,895
<br />Accrued Compensated Absences - Current Portion
<br />6,533
<br />2,350
<br />Due to Other Funds
<br />620,765
<br />640,368
<br />General Obligation Bonds Payable - Current Portion
<br />3,489,800
<br />3,384,200
<br />Total Current Liabilities
<br />5,141,960
<br />5,541,284
<br />Non-Current Liabilities:
<br />General Obligation Bonds Payable - Long-Term Portion
<br />7,764,400
<br />11,254,200
<br />Unamortized Bond Premium
<br />310,387
<br />402,793
<br />Accrued Compensated Absences Long-Term Portion
<br />135,564
<br />107,856
<br />Total Non-Current Liabilities
<br />8,210,351
<br />11,764,849
<br />Total Liabilities
<br />13,352,311
<br />17,306,133
<br />NET ASSETS
<br />Invested in Capital Assets, Net of Related Debt
<br />31,855,910
<br />28,883,901
<br />Restricted for Construction
<br />-
<br />1,636,722
<br />Unrestricted
<br />11,416,134
<br />9,815,653
<br />Total Net Asssets
<br />$ 43,272,044
<br />$ 40,336,276
<br />23
<br />
|