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City of Paris, Texas
<br /> Notes to Financial Statements (Continued)
<br /> September 30, 2002
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<br />III. Detailed Notes on Ail Funds and Account Groups (Continued)
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<br /> E. Long-Term Liabilities (Continued)
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<br /> Year ending General Obligation Water and Sewer
<br /> September 30, Principal Interest Principal Interest Totals
<br /> 2003 $ 656,238 $ 703,893 $ 2,087,134 $ 1,774,340 $ 5,221,605
<br /> 2004 636 550 725,123 2,212,985 1,671,568 5,246,226
<br /> 2009 661 878 692,946 2,313,863 1,564,128 5,232,815
<br /> 2006 702 221 658,402 2,579,768 1,453,489 5,393,880
<br /> 2007 742 582 621,472 2,700,702 1,326,181 5,390,937
<br /> 2008-2012 4,349 315 2,478,943 15,673,578 4,445,541 26,947,377
<br /> 2013-2017 4,295 000 1,359,514 6,176,737 1,560,837 13,392,088
<br /> 2018-2022 3,510,000 371,518 2,468,544 290,849 6,640,911
<br /> 2023 2027 115,057 11,054 126,111
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<br /> $ 15,553,784 $ 7,611,811 $ 36,328,368 $ 14,097,98__7 $73,591,950
<br /> F. Reserved Retained Earnings and Restricted Asset Accounts
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<br /> The City's bond covenants require certain reservations of retained
<br /> earnings. The reserved portions are as follows:
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<br /> Reserved for Revenue Bond Operations and Maintenance $ 1,203,269
<br /> Reserved for Contingency 723,366
<br /> Total Reserved Retained Earnings $--1,926,635
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<br /> The balances of the City's restricted asset accounts are as follows:
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<br /> Certificates Accrued
<br /> Cash and of Deposit Interest
<br /> Cash Equi- and Other and Other
<br /> valents Investments Receivables
<br /> Customer Deposits $ 172,317 $ 325,551 $ 2,050
<br /> Revenue Bond Contingency 337,634 385,732 2,442
<br /> Revenue Bond Construction
<br /> Account 5,377,550 2,540,848 73,686
<br /> Revenue Bond Current Debt
<br /> Service Account 2,079,514
<br /> Revenue Bond Future Debt
<br /> Service Account 712,284 992,375 4,699
<br /> Funding Future Water Storage
<br /> Rights 792,424 1,358,938 6,293
<br /> Total Restricted Assets $9,471,723 $ 5,603,444 $ 89,170
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<br /> G. Deficit Fund Equity
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<br /> The Employees' Insurance Internal Service Fund has a deficit retained
<br /> earning of $2,779,567 at September 30, 2002. The current contributions
<br /> rate for employees has remained the same since April 1, 2000.
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