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Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Continuing Disclosure Information
<br />September 30, 2012
<br />(Unaudited)
<br />Sales Tax Collections
<br />The following table shows Sales Tax Collections for the Paris Economic Development Corporation's 1/4% sales tax for
<br />the five years ended September 30:
<br />October
<br />November
<br />December
<br />January
<br />February
<br />March
<br />April
<br />May
<br />June
<br />July
<br />August
<br />September
<br />Totals
<br />Fiscal Year
<br />2011-12
<br />$ 95,42037
<br />107,894.61
<br />85,472.54
<br />95,60434
<br />128,112.10
<br />86,791.28
<br />89,313.73
<br />116,340.62
<br />90,696.91
<br />97,350.69
<br />111,539.71
<br />98,234.76
<br />$1,202,771.66
<br />Fiscal Year Fiscal Year Fiscal Year Fiscal Year
<br />2010-11 2009-10 2008-09 2007-08
<br />$ 93,160.73 $ 91,316.16 $ 88,922.28 $ 83,464.96
<br />113,944.71 112,001.77 110,970.12 99,241.92
<br />83,756.09 81,876.99 94,350.41 86,341.92
<br />94,198.44 72,605.01 97,226.89 71,512.24
<br />123,832.73 129,328.54 153,829.72 117,965.74
<br />84,926.35 85,110.53 99,61121 81,093.26
<br />91,263.32 77,960.05 97,990.36 81,133.33
<br />118,937.01 118,561.33 118,995.69 104,144.40
<br />93,615.93 90,12628 104,476.22 98,082.39
<br />89,290.63 90,902.36 84,222.50 91,465.06
<br />119,235.15 115,346.90 115,161.63 120,089.43
<br />96,332.78 100,762.81 108,494.87 115,500.00
<br />$1,202,493.87 $1,165,898.73 $1,274,251.90 $1,150,034.65
<br />Pro Forma Bonded Debt Service Coverage
<br />Maximum Annual Debt Service Requirement (2013)
<br />Projected Annual Sales Tax Receipts 2012-13
<br />(Pledged Revenues are gross 1/4 cent sales tax)
<br />Estimated Pro Forma Coverage
<br />Average Annual Remaining Debt Service at September 30, 2012
<br />Projected Annual Sales Tax Receipts 2012-13
<br />(Pledged Revenues are gross 1/4 cent sales tax)
<br />Estimated Pro Forma Coverage
<br />$ 355,264
<br />$ 1,200,000
<br />338 x
<br />$ 352,912
<br />$ 1,200,000
<br />3.40 x
<br />Condensed Corporation Operating Statement
<br />Fiscal Year Ended September 30,
<br />2012 2011 2010 2009 2008
<br />Operating Revenues:
<br />Sales Taxes
<br />Other Income (Loss) (1)
<br />Total Revenues
<br />Operating Expenses:
<br />Projects
<br />Administration and
<br />Promotion
<br />Total Expenses
<br />$ 1,198,772 $ 1,206,494 $ 1,168,612 $ 1,288,374 $ 1,139,115
<br />(51,210) (13) 22,977 1,293 35,846
<br />1,147,562 1,206,481 1,191,589 1,289,667 1,174,961
<br />1,757,106 (2) 324,732 684,921 69,520 646,545
<br />730,349 432,300 395,827 413,261 335,036
<br />2,487,455 757,032 1,080,748 482,781 981,581
<br />Net Availabte for Additional
<br />Economic Incentives or
<br />Debt Service $(1,339,893) $ 449,449 $ 110,841 $ 806,886 $ 193,380
<br />Source: Information received from the Issuer.
<br />(1) The net of interest income, interest expense, and gain or loss on the sale of assets.
<br />(2) Includes a one-time contribution to a regional highway project for $1,488,588.
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