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Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Govemmental Funds Balance Sheet/Statement of Net Assets
<br />September 30, 2012
<br />ASSETS
<br />Cash and Cash Equivalents
<br />Investments in Certificates of Deposit
<br />Accounts Receivable -
<br />Sales Tax
<br />Restricted Assets
<br />Bond Debt Service Fund
<br />Cash and Cash Equivalents
<br />Bond Reserve Fund
<br />Cash and Cash Equivalents
<br />Land Development Costs
<br />Unamortized Bond Expense
<br />Total Assets
<br />LIABILITIES
<br />Accounts Payable
<br />Liabilities Payable
<br />from Restricted Assets
<br />Current Portion of Bonds Payable
<br />Accrued Interest Payable
<br />Bonds Payable -
<br />Net of Current Portion
<br />Total Liabilities
<br />FUND BALANCES/NET ASSETS
<br />Fund Balances:
<br />Nonspendable - Land Development Costs
<br />Restricted for Debt Service
<br />Committed to Industrial Incentives
<br />Unassigned
<br />Total Fund Balances
<br />Total Liabilities and Fund Balances
<br />Net Assets:
<br />Nonspendable - Land Development Costs
<br />Restricted for Debt Service
<br />Committed to Industrial Incentives
<br />Unassigned
<br />Total Net Assets
<br />General Debt Service
<br />Fund Fund Total Adjustments*
<br />$ 2,413,639 $ - $ 2,413,639 $ -
<br />572,344 - 572,344 -
<br />205,000
<br />- 205,000 -
<br />73,964 73,964 -
<br />Governmental
<br />Activities
<br />$ 2,413,639
<br />572,344
<br />205,000
<br />73,964
<br />- 470,977 470,977 - 470,977
<br />1,655,772 - 1,655,772 - 1,655,772
<br />_ _ - 59,231 59,231
<br />$ 4,846,755 $ 544,941 $ 5,391,696 $ 59,231 $ 5,450,927
<br />$ 111,126 $
<br />�
<br />- $ 111,126 $ - $ 111,126
<br />_ - (290,000) 290,000
<br />_ - (5,439) 5,439
<br />_ _ - (1,570,000) 1,570,000
<br />111,126 - 111,126 (1,865,439) 1,976,565
<br />1,655,772 - 1,655,772 1,655,772 -
<br />- 544,941 544,941 544,941 -
<br />1,565,177 - 1,565,177 1,565,177 -
<br />1,514,680 - 1,514,680 1,514,680 -
<br />4,735,629 544,941 5,280,570 5,280,570 -
<br />$ 4,846,755 $ 544,941 $ 5,391,696 - -
<br />*Primarily long-term liabilities not reported in the funds
<br />(1,655,772) 1,655,772
<br />(249,502) 249,502
<br />(1,565,177) 1,565,177
<br />(3,911) 3,911
<br />$(3,474,362) $ 3,474,362
<br />The accompanying notes to the financial statements are an intergral part of this statement.
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