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City of Paris, Texas
<br />Notes to Financial Statements
<br />September 30, 2012
<br />IV. Detailed Notes on All Funds and Component Unit (Continued)
<br />F. Long-term Liabilities (Continued)
<br />A summary of long-term liability transactions for the year ended September 30, 2012, follows:
<br />Balance Balance
<br />September 30, September 30, Due Within
<br />2011 Additions Reductions 2012 One year
<br />Governmental Activities
<br />Bonds Payable
<br />General Obligation Bonds $ 11,830,800 $ - $ 1,080,200 $ 10,750,600 $ 1,119,800
<br />Premium 103,360 - 20,436 82,924 18,572
<br />Total Bonds Payable 11,934,160 - 1,100,636 10,833,524 1,138,372
<br />Compensated Absences
<br />Landfill Post Closure
<br />Care Costs
<br />OPEB Liability
<br />Governmental Activities
<br />Long-term Liabilities
<br />Business-type Activities
<br />Bonds Payable
<br />Revenue Bonds
<br />Premium
<br />Total Bonds Payable
<br />Compensated Absences
<br />Business-type Activities
<br />Long-term Liabilities
<br />782,085 181,218 186,791 776,512 186,791
<br />66,873 - - 66,873 -
<br />122,352 164,310 112,026 174,636 112,026
<br />$ 12,905,470 $ 345,528 $ 1,399,453 $ 11,851,545 $ 1,437,189
<br />$ 11,254,200 $ - $ 3,489,800 $ 7,764,400 $ 1,350,200
<br />310,387 - 71,730 238,657 53,992
<br />11,564,587 - 3,561,530 8,003,057 1,404,192
<br />142,098 9,646 4,003 147,741 4,003
<br />$ 11,706,685 $ 9,646 $ 3,565,533 $ 8,150,798 $ 1,408,195
<br />Component Unit
<br />Bonds Payable $ 2,140,000 $ - $ 280,000 $ 1,860,000 $ 290,000
<br />Component Unit
<br />Long-termLiabilities $ 2,140,000 $ - $ 280,000 $ 1,860,000 $ 290,000
<br />For the governmental activities, compensated absences are liquidated by the general fund.
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