C.A.F.R., FY 2011-12 - Laserfiche WebLink

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City of Paris, Texas Notes to Financial Statements September 30, 2012 IV. Detailed Notes on All Funds and Component Unit (Continued) C. Capital Assets (Continued) Depreciation expense was charged to functions/programs of the primary government as follows: Governmental Activities: General Government Finance Public Safety Public Works, Including Depreciation of General Infrastructure Asset Health Library Service Cox Field Airport Total Depreciation Expense - Governmental Activities Business-type Activities: Water and Sewer - Total Depreciation Expense - Business-type Activities D. Construction Commitments $ 108,292 6,425 502,894 1,810,813 158,183 79,518 110,615 $ 2,776,740 $ 3,120,679 The City has active construction projects as of September 30, 2012. At year-end the City's commitments with contractors are as follows: Project Rehabilitation of East Elevated Storage Tanks E. Interfund Receivables, Payables and Transfers To Date Commitment $ - $ 837,000 Interfund balances at year-end consisted of the following individual fund receivables and payables: Fund General Fund Debt Service Fund Special Revenue Fund Water and Sewer Enterprise Fund Total Receivables $ - 499,046 73,591 93,258 $ 665,895 Payables $ 73,591 93,258 499,046 $ 665,895 The outstanding balances between funds result mainly from the time lag between. the dates that (1) interfund goods and services are provided or reimbursable expenditures occur, (2) transactions are recorded in the accounting system, and (3) payments between funds are made. These are expected to be collected in the subsequent year. The amounts receivable and payable between the General Fund and t�ie Special Revenue Fund are eliminated in the process of preparing the consolidated gover^. � aent-wide statement of net assets since they are both governmental activities. 40