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Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Continuing Disclosure Information
<br />September 30, 2011
<br />(Unaudited)
<br />Sales Tax Collections
<br />The following table shows Sales Tax Collections for the Paris Economic Development Corporation's 1/4% sales tax
<br />for the five years ended September 30:
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />2010-11
<br />2009-10
<br />2008-09
<br />2007-08
<br />2006-07
<br />October
<br />$ 93,160.73
<br />$ 91,316.16
<br />$ 88,922.28
<br />$ 83,464.96
<br />$ 84,238.04
<br />November
<br />113,944.71
<br />112,001.77
<br />110,970.12
<br />99,241.92
<br />115,618.43
<br />December
<br />83,756.09
<br />81,876.99
<br />94,350.41
<br />86,341.92
<br />85,747.00
<br />January
<br />94,198.44
<br />72,605.01
<br />97,226.89
<br />71,512.24
<br />79,007.32
<br />February
<br />123,832.73
<br />129,328.54
<br />153,829.72
<br />117,965.74
<br />124,953.39
<br />March
<br />84,926.35
<br />85,110.53
<br />99,611.21
<br />81,093.26
<br />77,448.73
<br />April
<br />91,263.32
<br />77,960.05
<br />97,990.36
<br />81,133.33
<br />79,522.92
<br />May
<br />118,937.01
<br />118,561.33
<br />118,995.69
<br />104,144.40
<br />112,034.88
<br />June
<br />93,615.93
<br />90,126.28
<br />104,476.22
<br />98,082.39
<br />81,031.99
<br />July
<br />89,290.63
<br />90,902.36
<br />84,222.50
<br />91,465.06
<br />86,879.45
<br />August
<br />119,235.15
<br />115,346.90
<br />115,161.63
<br />120,089.43
<br />106,314.87
<br />September
<br />96,332.78
<br />100,762.81
<br />108,494.87
<br />115,500.00
<br />88,526.17
<br />Totals
<br />$1,202,493.87
<br />$1,165,898.73
<br />$1,274,251.90
<br />$1,150,034.65
<br />$1,121,323.19
<br />Pro Forma Bonded Debt Service Coverage
<br />Maximum Annual Debt Service Requirement (2013)
<br />Projected Annual Sales Tax Receipts 2011-12
<br />(Pledged Revenues are gross 1/4 cent sales tax)
<br />Estimated Pro Forma Coverage
<br />Average Annual Remaining Debt Service at September 30, 2011
<br />Projected Annual Sales Tax Receipts 2011-12
<br />(Pledged Revenues are gross 1/4 cent sales tax)
<br />Estimated Pro Forma Coverage
<br />Condensed Corporation Operating Statement
<br />Operating Revenues:
<br />Sales Taxes
<br />*Other Income (Loss)
<br />Total Revenues
<br />Operating Expenses:
<br />Projects
<br />Administration and
<br />Promotion
<br />T Total Expenditures
<br />Net Available for Additional
<br />Economic Incentives or
<br />Debt Service
<br />$ 355,264
<br />$ 1,000,000
<br />2.82 x
<br />$ 352,523
<br />$ 1,000,000
<br />2.84 x
<br />Fiscal Year Ended September 30,
<br />2011 2010 2009 2008 2007
<br />$ 1,206,494 $
<br />1,168,612
<br />$ 1,288,374
<br />$ 1,139,115
<br />$ 1,134,833
<br />(13)
<br />22,977
<br />1,293
<br />35,846
<br />38,288
<br />1,206,481
<br />1,191,589
<br />1,289,667
<br />1,174,961
<br />1,173,121
<br />324,732
<br />684,921
<br />69,520
<br />646,545
<br />27,208
<br />432,300
<br />395,827
<br />413,261
<br />335,036
<br />248,667
<br />757,032
<br />1,080,748
<br />482,781
<br />981,581
<br />275,875
<br />$ 449,449 $
<br />110,841
<br />$ 806,886
<br />$ 193,380
<br />$ 897,246
<br />Source: Information received from the Issuer.
<br />* The net of interest income, interest expense, and gain or loss on the sale of assets.
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