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Paris Economic Development Corporation
<br />(A Component Unit of the City of Paris, Texas)
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances/Statement of Activities
<br />For the Year Ended September 30, 201 Z
<br />General Debt Service Statement of
<br />Fund Fund Total Adjustments* Activities
<br />Revenues:
<br />Sales Tax $ 1,198,772 $ - $ i,198,772 $ - $ 1,198,772
<br />Investment Earnings 9,860 1,972 11,832 - 11,832
<br />Miscellaneous 7,500 - 7,500 - 7,500
<br />Total Revenues 1,216,132 1,972 1,218,104 - 1,218,104
<br />Expenditures:
<br />Industrial Support and Incentives 1,757,106 - 1,757,106 - 1,757,106
<br />Office Supplies and Postage 8,616 - 8,616 - 8,616
<br />Communications - Telephone 6,525 - 6,525 - 6,525
<br />Car Allowance 12,000 - 12,000 - 12,000
<br />Insurance and Bonds 2,859 - 2,859 - 2,859
<br />TravelExpenses 23,651 - 23,651 - 23,651
<br />Utilities and Miscellaneous 2,054 - 2,054 - 2,054
<br />Contractual - Associations 9,410 - 9,410 - 9,410
<br />Training 7,626 - 7,626 - 7,626
<br />Promotional Advertising 39,811 - 39,811 - 39,811
<br />Chamber Administration Fee 60,000 - 60,000 - 60,000
<br />Personnel Compensation 238,396 - 238,396 - 238,396
<br />Industrial Park 9,855 - 9,855 - 9,855
<br />Sundry Charges 4,900 - 4,900 - 4,900
<br />Equipment 4,834 - 4,834 - 4,834
<br />Civil Management and Leadership 13,160 - 13,160 - 13,160
<br />Global Recruiting Attraction 60,493 - 60,493 - 60,493
<br />Advanced Manufacturing Academy 37,264 - 37,264 - 37,264
<br />Entrepreneurial Resources 29,991 - 29,991 - 29,991
<br />RuralInnovation 28,158 - 28,158 - Z8,158
<br />Diversity Initiative 44,908 - 44,908 - 44,908
<br />Paris Living Agreement 10,000 - 10,000 - 10,000
<br />Research 360 Analyst 15,995 - 15,995 - 15,995
<br />Richard Sale Phase I and II 48,904 - 48,904 - 48,904
<br />Contract Labor 10,939 - 10,939 - 10,939
<br />Debt Service - Principal - 280,000 280,000 (280,000) -
<br />Debt Service - Interest - 71,088 71,088 (546) 70,542
<br />Total Expenditures 2,487,455 351,088 2,838,543 (280,546) 2,557,997
<br />Excess (Deficit) of Revenues Over Expenditures
<br />Other Financing Sources (Uses):
<br />Transfer - Intemal Activities
<br />Amortization
<br />Total Other Financing Sources (Uses)
<br />Excess (Deficit) of Revenues and Other Sources
<br />Over Expenditures and Other Uses
<br />Fund BalancesMet Assets: Beginning of Year
<br />Fund Balances/Net Assets: End of Year
<br />*Primarily long-term liabilities not reported in the funds
<br />(1,271,323) (349,116) (1,620,439) (280,546) (1,339,893)
<br />(315,120) 315,120 - - '
<br />_ _ _ (16,145) (16,145)
<br />(315,120) 315,120 - (16,145) (16,145)
<br />(1,586,443) (33,996) (1,620,439) (264,401) (1,356,038)
<br />6,322,072 _ � %�,937 6,901,009 2,070,609 4,830,400
<br />$ 4,735,629 $ 544,941 $ 5,280,570 $ 1,806,208 $ 3,474,362
<br />The accompanying notes to the financial statements are an intergral part of this statement.
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