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City of Paris, Texas
<br />Notes to Financial Statements
<br />September 30, 2011
<br />IV. Detailed Notes on All Funds and Component Unit (Continued)
<br />F. Long-Term Debt (Continued)
<br />A summary of long-term liability transactions for the year ended September 30, 2011, follows:
<br />Balance
<br />Balance
<br />September 30,
<br />September 30,
<br />Due Within
<br />2010
<br />Additions
<br />Reductions
<br />2011
<br />One year
<br />Governmental Activities
<br />Certificates of Obligation
<br />$ 12,766,600
<br />$ -
<br />$ 935,800
<br />$ 11,830,800
<br />$ 1,080,200
<br />Note
<br />9,216
<br />-
<br />9,216
<br />-
<br />-
<br />Compensated Absences
<br />792,717
<br />80,112
<br />90,744
<br />782,085
<br />90,744
<br />Landfill Post Closure
<br />Care Costs
<br />68,693
<br />-
<br />1,820
<br />66,873
<br />23,030
<br />OPEB Liability
<br />19,519
<br />250,718
<br />147,885
<br />122,352
<br />-
<br />Governmental Activities
<br />Long-Term Liabilities
<br />$ 13,656,745
<br />$ 330,830
<br />$ 1,185,465
<br />$ 12,802,110
<br />$ 1,193,974
<br />Business-Type Activities
<br />Revenue Bonds
<br />$
<br />14,638,400
<br />$
<br />- $
<br />3,384,200
<br />$
<br />11,254,200
<br />$
<br />3,489,800
<br />Water Rights Debt
<br />480,909
<br />-
<br />480,909
<br />-
<br />-
<br />Compensated Absences
<br />110,206
<br />38,425
<br />6,533
<br />142,098
<br />6,533
<br />Business-Type Activities
<br />Long-Term Liabilities
<br />$
<br />15,229,515
<br />$
<br />38,425 $
<br />3,871,642
<br />$
<br />11,396,298
<br />$
<br />3,496,333
<br />Component Unit
<br />Bonds Payable
<br />$
<br />2,415,000
<br />$
<br />- $
<br />275,000
<br />$
<br />2,140,000
<br />$
<br />280,000
<br />Component Unit
<br />Long-Term Liabilities
<br />$
<br />2,415,000
<br />$
<br />- $
<br />275,000
<br />$
<br />2,140,000
<br />$
<br />280,000
<br />For the governmental activities, compensated absences are liquidated by the general fund.
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