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- PP I NARY DRAFT
<br />Paris Economic Development Corpo
<br />ration
<br />(A Component Unit of the City of Paris, Texas)
<br />FOR D I S C U S 110 N
<br />Statement of Revenues, Expenditures, and Changes in Fund B
<br />alances/Statem
<br />ent ofActi&&POSES ONLY
<br />For the Year Ended September 30, 2011
<br />Debt
<br />Statement
<br />General
<br />Service
<br />of
<br />Fund
<br />Fund
<br />Total
<br />Adjustments* Activities
<br />Revenues:
<br />Sales Tax
<br />$ 1,206,494
<br />$ -
<br />$1,206,494
<br />$ - $ 1,206,494
<br />Investment Earnings
<br />64,671
<br />1,823
<br />66,494
<br />- 66,494
<br />Miscellaneous
<br />7,500
<br />-
<br />7,500
<br />- 7,500
<br />Total Revenues
<br />1,278,665
<br />1,823
<br />1,280,488
<br />- 1,280,488
<br />Expenditures:
<br />Industrial Support and Incentives
<br />324,732
<br />-
<br />324,732
<br />- 324,732
<br />Office Supplies and Postage
<br />10,011
<br />-
<br />10,011
<br />- 10,011
<br />Communications - Telephone
<br />6,194
<br />-
<br />6,194
<br />- 6,194
<br />Car Allowance
<br />9,000
<br />-
<br />9,000
<br />- 9,000
<br />Insurance and Bonds
<br />2,859
<br />-
<br />2,859
<br />- 2,859
<br />Travel Expenses
<br />25,963
<br />-
<br />25,963
<br />- 25,963
<br />Contractual-Associations
<br />12,079
<br />-
<br />12,079
<br />- 12,079
<br />Training
<br />7,900
<br />-
<br />7,900
<br />- 7,900
<br />Promotional Advertising
<br />52,798
<br />-
<br />52,798
<br />- 52,798
<br />Administration Fee
<br />60,000
<br />-
<br />60,000
<br />- 60,000
<br />Personnel Compensation
<br />220,152
<br />-
<br />220,152
<br />- 220,152
<br />Sundry Charges
<br />4,750
<br />-
<br />4,750
<br />- 4,750
<br />All Utilities
<br />1,855
<br />-
<br />1,855
<br />- 1,855
<br />Miscellenous
<br />960
<br />-
<br />960
<br />- 960
<br />Equipment
<br />2,997
<br />-
<br />2,997
<br />- 2,997
<br />Industrial Park Maintenance
<br />14,782
<br />-
<br />14,782
<br />- 14,782
<br />Debt Service
<br />Principal
<br />-
<br />275,000
<br />275,000
<br />(275,000) -
<br />Interest
<br />-
<br />74,207
<br />74,207
<br />(200) 74,007
<br />Total Expenditures
<br />757,032
<br />349,207
<br />1,106,239
<br />(275,200) 831,039
<br />Excess (Deficit) of Revenues
<br />Over Expenditures
<br />521,633
<br />(347,384
<br />174,249
<br />(275,200) 449,449
<br />Other Financing Sources (Uses)
<br />Transfer - Internal Activities
<br />(417,614)
<br />417,614
<br />-
<br />- -
<br />Amortization
<br />-
<br />-
<br />-
<br />(17,068) (17,068)
<br />Total Other Financing Sources (Uses)
<br />(417,614)
<br />417,614
<br />-
<br />(17,068) (17,068)
<br />Excess (Deficit) of Revenues and Other Sources
<br />Over Expenditures and Other Uses
<br />Fund Balances/Net Assets:
<br />Beginning of the Year
<br />Fund Balances/Net Assets:
<br />End of the Year
<br />104,019 70,230 174,249 (258,132) 432,381
<br />6,218,053 508,707 6,726,760 (2,328,741) 4,398,019
<br />$ 6,322,072 $ 578,937 $6,901,009 $ (2,070,609) $ 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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