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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 />Year Ended September 30, 2014
<br />Revenues
<br />Sales Taxes
<br />Investment Earnings
<br />Total Revenues
<br />Expenditures/Expenses
<br />Current:
<br />Personnel
<br />Administration
<br />Marketing and Promotion
<br />Direct Business Incentives
<br />Debt Service:
<br />Principal
<br />Interest
<br />Fees
<br />Total Expenditures/Expenses
<br />Excess (Deficiency) of Revenues Over
<br />Expenditures/Expenses
<br />Other Financing Sources (Uses)
<br />Transfers - Internal Activities
<br />Interest Income
<br />Interest Expense
<br />Total Other Financing Sources (Uses)
<br />Net Change in Fund Balances/Net Position
<br />Fund Balances/Net Position - Beginning
<br />Debt Service
<br />General Fund Fund
<br />$ 1,282,550 $ -
<br />1,596 1,379
<br />1,284,146 1,379
<br />Total Total
<br />Governmental Governmental
<br />Funds Adjustments* Activities
<br />$ 1,282,550 $ $ 1,282,550
<br />2,975 2,975
<br />1,285,525 1,285,525
<br />137,270
<br />-
<br />137,270
<br />-
<br />137,270
<br />189,107
<br />-
<br />189,107
<br />-
<br />189,107
<br />22,516
<br />-
<br />22,516
<br />-
<br />22,516
<br />2,450,244
<br />-
<br />2,450,244
<br />-
<br />2,450,244
<br />-
<br />290,000
<br />290,000
<br />(290,000)
<br />-
<br />-
<br />58,536
<br />58,536
<br />(689)
<br />57,847
<br />-
<br />750
<br />750
<br />-
<br />750
<br />2,799,137
<br />349,286
<br />3,148,423
<br />(290,689)
<br />2,857,734
<br />(1,514,991)
<br />(347,907)
<br />(1,862,898)
<br />(290,689)
<br />(1,572,209)
<br />(376,750)
<br />376,750
<br />-
<br />-
<br />59,965
<br />-
<br />59,965
<br />59,965
<br />(21,715)
<br />-
<br />(21,715)
<br />-
<br />(21,715)
<br />(338,500)
<br />376,750
<br />38,250
<br />38,250
<br />(1,853,491)
<br />28,843
<br />(1,824,648)
<br />(290,689)
<br />(1,533,959)
<br />4,759,563
<br />510,217
<br />5,269,780
<br />1,574,878
<br />3,694,902
<br />Fund Balances/Net Position - Ending $ 2,906,072 $ 539,060 $ 3,445,132 $ 1,284,189 $ 2,160,943
<br />*Primarily long -term liabilities not reported in the funds.
<br />The notes to financial statements are an integral part of this statement.
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