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City of Paris, Texas
<br /> Notes to Financial Statements (Continued)
<br /> September 30, 2002
<br />
<br />III. Detailed Notes on Ail Funds and Account Groups (Continued)
<br />
<br /> D. Capital Leases (Continued)
<br />
<br /> Fiscal Year
<br /> Ended General Water and
<br /> September 30 Obligation Sewer
<br /> 2003 $ 250,757 $ 15,731
<br /> 2004 231,045 15,731
<br /> 2005 224,890 6,555
<br /> 2006 110,636
<br /> 2007 37,013
<br /> Total Minimum
<br /> Lease Payments 854,341 38,017
<br /> Amount Representing
<br /> Interest ( 91,650) ( 2,668)
<br /> present Value of Future
<br />
<br /> Minimum Lease Payments $ 762,691 $ 35,349
<br />
<br /> E. Long-Term Liabilities
<br />
<br /> A summary of long-term liability transactions for the year ended
<br /> September 30, 2002, follows:
<br />
<br /> Balance Balance
<br /> September 30, Retire- September 30,
<br /> 2001 Additions ments 2002
<br /> General Obligation
<br /> Certificates of
<br /> Obligation $ 9,815,000 $ 6,060,000 $ 390,000 $ 15,485,000
<br /> Note 74,725 5,941 68,784
<br /> Capital Leases 708,454 265,807 211,570 762,691
<br /> Compensated
<br /> ~bsences 245,136 94,219 78,979 260,376
<br /> Total General
<br /> Obligation 10,843,315 6,420,026 686,490 16,576,851
<br />
<br /> Water and Sewer
<br /> Revenue Bonds and Certificates of
<br /> Obligation 36,630,000 1,025,000 35,605,000
<br /> Water Rights Debt 749,679 26,309 723,370
<br /> Capital Leases 53,645 18,296 35,349
<br /> Compensated
<br /> Absences 98,739 36,451 39,123 96,067
<br /> Total Water
<br /> and Sewer 37,532,063 36,451 1,108,728 36,459,786
<br />
<br /> Total $ 48,375,378 $ 6,456,477 $ 1,795,218 $ 53,036,637
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