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Proprietary Fund
<br />The City's proprietary fund provides the same type of information found in the government-wide financial
<br />statements, but in more detail.
<br />Unrestricted net assets of the water and sewer fund at the end of the year amounted to $8,496,996
<br />($11,416,134 the previous year). This change was primarily due to transfers out to governmental funds (see
<br />footnote IV. E.) Other factors concerning the finances of this fund have already been addressed in the
<br />discussion of the City's business-type activities.
<br />Capital Asset and Debt Administration
<br />Capital Assets
<br />The City's investment in capital assets for its governmental and business-type activities as of September 30,
<br />2012, amounts to $81,193,341 ($81,055,253 the previous year). Both of these amounts are net of accumulated
<br />depreciation. This investment in capital assets includes land, buildings, improvements, machinery and
<br />equipment, park facilities, roads, highways, and bridges.
<br />Land
<br />Buildings & System
<br />Improvements Other
<br />than Buildings
<br />Machinery, Furniture,
<br />and Equipment
<br />Infrastructure
<br />Construction in Progress
<br />Water Rights-Net
<br />Unamortized
<br />Bond Expense
<br />Total
<br />Net Capital Assets
<br />Governmental Activities Business-type Activities Total
<br />2011 2012 2011 2012 2011 2012
<br />$ 5,912,108 $ 5,912,108 $ 339,620 $ 339,620 $ 6,251,728 $ 6,251,728
<br />10,719,401 9,716,088 38,242,651 37,043,130 48,962,052 46,759,218
<br />3,509,976 5,537,738
<br />1,952,302
<br />14,709,357
<br />342,635
<br />3,250,429
<br />13,259,061
<br />607,529
<br />_ - 3,509,976 5,537,738
<br />432,051
<br />532,553
<br />3,563,235
<br />969,301
<br />384,384
<br />3,527,611
<br />2,384,353
<br />14,709,357
<br />875,188
<br />3,563,235
<br />4,219,730
<br />13,259,061
<br />991,913
<br />3,527,611
<br />271,972 246,566 527,392 399,776 799,364 646,342
<br />$ 37,417,751 $ 38,529,519 $ 43,637,502 $ 42,663,822 $ 81,055,253 $ 81,193,341
<br />Additional information on the City's capital assets can be found in note IV. C. of the notes to the financial
<br />statements.
<br />Long-term Debt
<br />At the end of the current fiscal year, the City of Paris had total bonded debt outstanding of $18,515,000. Of
<br />this amount, $10,750,600 comprises debt being paid for by property tax revenues and $7,764,400 represents
<br />bonds being paid for by water and sewer revenues.
<br />Outstanding Long-term Debt
<br />Governmental Activities Business-type Activities Total
<br />2011 2012 2011 2012 2011 2012
<br />General Obligation Bonds $: i,830,800 $ 10,750,600 $ - $ - $ I 1,830,800 $ 10,750,600
<br />Revenue Bonds - - 11,254,200 7,764,400 11,254,200 7,764,400
<br />Total $ 11,830,800 $ 10,750,600 $ 11,254,200 $ 7,764,400 $ 23,085,000 $ 18,515,000
<br />10
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