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Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Governmental Funds Balance Sheet/Statement of Net Assets
<br />September 30, 2011
<br />ASSETS
<br />Cash and Cash Equivalents
<br />Investments in Certificates of Deposit
<br />Accounts Receivable -
<br />Sales Tax
<br />Restricted Assets
<br />Bond Debt Service Fund
<br />Cash and Cash Equivalents
<br />Bond Reserve Fund
<br />Cash and Cash Equivalents
<br />Land Development Costs
<br />Unamortized Bond Expense
<br />Total Assets
<br />LIABILITIES
<br />Accounts Payable
<br />Liabilities Payable
<br />from Restricted Assets
<br />Current Portion of Bonds Payable
<br />Accrued Interest Payable
<br />Bonds Payable -
<br />Net of Current Portion
<br />Total Liabilities
<br />FUND BALANCES/NET ASSETS
<br />Fund Balances:
<br />Nonspendable - Land Development Costs
<br />Restricted for Debt Service
<br />Committed to Industrial Incentives
<br />Unassigned
<br />Total Fund Balances
<br />Total Liabilities and Fund Balances
<br />Net Assets:
<br />Nonspendable - Land Development Costs
<br />Restricted for Debt Service
<br />Committed to Industrial Incentives
<br />Unassigned
<br />Total Net Assets
<br />- P"iE! `.'.IINAAY DRAFT -
<br />FOR DISCIUSSIOo
<br />PURPOSES ONLY
<br />General
<br />Debt Service
<br />Governmental
<br />Fund
<br />Fund
<br />Total
<br />Adjustments*
<br />Activities-
<br />$4,000,802
<br />$ -
<br />$ 4,000,802
<br />$ -
<br />$ 4,000,802
<br />477,344
<br />-
<br />477,344
<br />-
<br />477,344
<br />209,000
<br />-
<br />209,000
<br />-
<br />209,000
<br />-
<br />108,709
<br />108,709
<br />-
<br />108,709
<br />-
<br />470,228
<br />470,228
<br />-
<br />470,228
<br />1,655,772
<br />-
<br />1,655,772
<br />-
<br />1,655,772
<br />-
<br />-
<br />-
<br />75,375
<br />75,375
<br />$ 6,342,918
<br />$ 578,937
<br />$ 6,921,855
<br />$ 75,375
<br />$ 6,997,230
<br />$ 20,846
<br />$ -
<br />$ 20,846
<br />$ -
<br />$ 20,846
<br />-
<br />-
<br />-
<br />(280,000)
<br />280,000
<br />-
<br />-
<br />-
<br />(5,984)
<br />5,984
<br />-
<br />-
<br />-
<br />(1,860,000)
<br />1,860,000
<br />20,846
<br />-
<br />20,846
<br />(2,145,984)
<br />2,166,830
<br />1,655,772
<br />-
<br />1,655,772
<br />1,655,772
<br />-
<br />-
<br />578,937
<br />578,937
<br />578,937
<br />-
<br />1,319,300
<br />-
<br />1,319,300
<br />1,319,300
<br />-
<br />3,347,000
<br />-
<br />3,347,000
<br />3,347,000
<br />-
<br />6,322,072
<br />578,937
<br />6,901,009
<br />6,901,009
<br />-
<br />$ 6,342,918
<br />$ 578,937
<br />$ 6,921,855
<br />-
<br />-
<br />(1,655,772)
<br />1,655,772
<br />(292,953)
<br />292,953
<br />(1,319,300)
<br />1,319,300
<br />(1,562,375)
<br />1,562,375
<br />$(4,830,400)
<br />$ 4,830,400
<br />*Primarily long-term liabilities not reported in the funds
<br />The accompanying notes to the financial statements are an intergral part of this statement.
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