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By far the largest portion of the City's net assets ($62,031,999 or 69.97%) reflects its investment in capital
<br />assets (e.g., land, buildings, machinery, and equipment). The City of Paris uses these capital assets to provide
<br />services to citizens; consequently, these assets are not available for future spending. Although the City's
<br />investment in its capital assets is reported net of related debt, it should be noted that the resources needed to
<br />repay this debt must be provided &om other sources, since the capital assets themselves cannot be used to
<br />liquidate these liabilities.
<br />Assets
<br />Current & Other Assets
<br />Capital Assets
<br />Total Assets
<br />Long-term Liabilities
<br />Outstanding
<br />Other Liabilities
<br />Total Liabilities
<br />Net Assets
<br />Invested in Capital Assets
<br />Net of Related Debt
<br />Restricted
<br />Unrestricted
<br />Total Net Assets
<br />Net Assets
<br />Governmental Activities Business-type Activities Total
<br />2011 2012 2011 2012 2011 2012
<br />$ 18,329,557 $ 19,567,236 $ 12,366,088 $ 9,535,649 $ 30,695,645 $ 29,102,885
<br />37,417,751 38,529,519 43,637,502 42,663,822 81,055,253 81,193,341
<br />55,747,308 58,096,755 56,003,590 52,199,471 111,750,898 110,296,226
<br />12,905,470 11,851,545 11,706,684 8,150,798 24,612,154 20,002,343
<br />770,754 590,127 1,024,862 1,052,031 1,795,616 1,642,158
<br />13,676,224 12,441,672 12,731,546 9,202,829 26,407,770 21,644,501
<br />25,311,134 27,532,353 31,855,910 34,499,646 57,167,044 62,031,999
<br />3,958,563 5,421,971 - - 3,958,563 5,421,971
<br />12,801,387 12,700,759 11,416,134 8,496,996 24,217,521 21,197,755
<br />$ 42,071,084 $ 45,655,083 $ 43,272,044 $ 42,996,642 � 85,343,128 $ 88,651,725
<br />An additional portion of the City's net assets ($5,421,971 or 6.11%) represents resources that are subject to
<br />external restrictions on how they may be used. The remaining balance of unrestxicted net assets ($21,197,755
<br />or 23.91%) may be used to meet the government's ongoing obligations to citizens and creditors.
<br />The increase in restricted net assets was primarily due to the addition of the amount set aside for construction.
<br />At the end of the current fiscal year, the City of Paris is able to report positive balances in all three categories
<br />of net assets (Invested in Capital Assets Net of Related Debt, Restricted Assets, and Unrestricted Assets) both
<br />for the government as a whole, as well as for its separate governmental and business type activities. This was
<br />also true for the prior fiscal year.
<br />Governmental Activities
<br />Governmental activities increased the City's net assets by $3,583,999 (8.51%) during the current fiscal year.
<br />This increase resulted mainly from increases in non-building improvements, the net pension asset, and
<br />reduction of both accounts payable and long-term debt. Total governmental revenues were up only $24,958
<br />with general revenues essentially flat with a$7,816 decrease and program revenues also flat with a$32,774
<br />increase.
<br />Property Taxes
<br />Sales Tatces
<br />Franchise Taxes
<br />Hotel Occupancy Taxes
<br />Unrestricted Investment Eamings
<br />2011
<br />$ 7,620,281
<br />6,� ;,469
<br />2,719,496
<br />258,561
<br />84,327
<br />$ 16,716,134
<br />General Revenues
<br />2012
<br />$ 7,619,472
<br />5,993,859
<br />2,731,097
<br />498,667
<br />55,875
<br />$ 16,898,970
<br />mcrease
<br />(Decrease)
<br />$ (809)
<br />(39,610)
<br />11,601
<br />240,106
<br />(28,452)
<br />$ 182,836
<br />
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