City of Paris Debt Report - 2016Required Information:
the amount of all authorized debt obligations
the principal of all outstanding debt obligations
the principal of each outstanding debt obligation
the combined principal and interest required to pay all outstanding debt obligations on time and in full
the combined principal and interest required to pay each outstanding debt obligation on time and in full
all of the above (1-5) limited to authorized and outstanding debt obligations secured by ad valorem taxation expressed as a total
cities, counties and school districts must also report 1-5 (secured by ad valorem taxation) as per capita amounts
for each debt obligation
o the issued and unissued amount
o the spent and unspent amount
o the maturity date
o the stated purpose for which the debt obligation was authorized
current credit rating on debt obligations
any other information the entity considers relevant (see full bill for list), including
any per capita amounts per subdivisions not required in the bill
explanation of payment sources for the different types of debt
projected per capita amounts of A-F by subdivision as of the last day of the maximum terms of the most recent debt obligation issued by the political subdivision
all debt obligations
each debt obligation
Required for All Debt Obligations in Total
Please complete the following fields for all debt obligations as of the last day of the entity's preceding fiscal year.
the amount of all authorized debt obligations
the amount of all authorized debt obligations secured by ad valorem taxation
the amount of all authorized debt obligations secured by ad valorem taxation as a per capita amount (cities, counties and school districts only or by another entity if desired)
the principal of all outstanding debt obligations
the principal of all outstanding debt obligations secured by ad valorem taxation
the principal of all outstanding debt obligations secured by ad valorem taxation as a per capita amount (cities, counties and school districts only or by another entity if desired)
the combined principal and interest required to pay all outstanding debt obligations on time and in full
the combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full
the combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full as a per capita amount (cities, counties and school
districts only)
current credit rating on entity's debt obligations
Required for Each Debt Obligation Individually
Please complete this form for each bond series with information as of the last day of the entity's preceding fiscal year.
the principal of each outstanding debt obligation
the principal of each outstanding debt obligation secured by ad valorem taxation
the combined principal and interest required to pay each outstanding debt obligation on time and in full
the combined principal and interest required to pay each outstanding debt obligation secured by ad valorem taxation on time and in full
for each debt obligation:
o the issued and unissued amount
o the spent and unspent amount
o the maturity date
o the stated purpose for which the debt obligation was authorized
credit rating (if desired) for each debt obligation
presumably the first item in the list would already include this, but maybe we have them check a box identifying whether each debt obligation is secured by ad valorem taxation
same note as above
Text field - limit to one sentence?
Tab 1
Tab 2
Tab 3
Tab 4
Tab 5
Tab 6
End of Worksheet
Contact Information
Summary of Debt Obligations
Individual Debt Obligations
Additional Notes
Optional Reporting
Instructions and Glossary
Per House Bill 1378 (84R), all political subdivisions must annually report specific information on their debt obligations. This form is designed to capture that information. Political
subdivisions may either complete this form and electroncially submit it to the Comptroller or may post the required information in this form on their web sites. Note that blue areas
of this workbook signify required information, while yellow areas indicate optional information. Consult Tab 6 of this workbook for instructions and definitions. Save this form as "Annual
Local Debt Report_Name of Political Subdivision_2016".
Information related to the Political Subdivision
Political subdivision name
City of Paris
End of Worksheet
Political subdivision type (click on response cell to see drop-down menu):
municipality
If you answered "other" to #2, specify here
Political subdivision physical address
Address line 1
135 1st SE
Address line 2
City
Paris
County
Lamar
Zip code
75460
Political subdivision mailing address (if different from physical address)
Address line 1
P.O. Box 9037
Address line 2
City
Paris
County
Lamar
Zip code
75461
Political subdivision main telephone number
9037857511
Political subdivision main email address
ganderson@paristexas.gov
Most recently completed fiscal year (mm/dd/yyyy-mm/dd/yyyy) for which data will be reported in this form
9/30/2016
Contact information for the person submitting this report
Name
Gene Anderson
Title
Finance Director
Email
ganderson@paristexas.gov
Phone
903-784-9241
Please complete each of the blue fields for all debt obligations in aggregate (or total) as of the last day of the political subdivision's most recently completed fiscal year. All responses
except for those in columns J and K should be in U.S. Dollars.
Total Tax-Supported and Revenue Debt
Total authorized debt obligations:
NOTE: Please review the information submitted carefully. All submissions will be posted as-is and will not be subject to editing, analysis or manipulation by Comptroller staff.
End of Worksheet
62836813
Total principal of all outstanding debt obligations:
44418092
Combined principal and interest required to pay all outstanding debt obligations on time and in full:
61009121
Total debt secured by Ad Valorem Taxation (includes combination tax and revenue debt obligations)
Total authorized debt obligations secured by ad valorem taxation:
62836813
Total principal of all outstanding debt obligations secured by ad valorem taxation:
44418092
Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full:
59395890
Per Capita Total Debt secured by Ad Valorem Taxation (includes combination tax and revenue debt obligations)
Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount (required for municipalities, counties, and school districts only):
2496.3972
Total principal of outstanding debt obligations secured by ad valorem taxation as a per capita amount (required for municipalities, counties, and school districts only):
1764.6535
Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full as a per capita amount (required for municipalities,
counties, and school districts only):
2359.6953
Population total used to calculate per capita figures:
25171
Source and year of data used to calculate per capita figures:
2010 US Census
Please fill in each column for EACH outstanding debt obligation as of the last day of the political subdivision's most recently completed fiscal year. NOTE: Please review the information
submitted carefully. All submissions will be posted as-is and will not be subject to editing, analysis or manipulation by Comptroller staff.
1
2
3
4
5
6
8
9
10
11
12
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
End of Worksheet
outstanding debt obligation
GO Refunding Bonds, Series 2010
Comb. Tax & Rev. Certificates of Obligation Series 2010
GO Refunding Bonds, Series 2012
State Infrastructure Bank Loan 2012
Comb. Tax & Rev. Certificates of Obligation Series 2013
GO Bonds, Series 2013
Totals
If debt is conduit or component debt, enter related entity name here:
SRR Mobility Authority
principal issued
17075000
3005000
4505000
1426813
2900000
33925000
62836813
principal outstanding
4415000
2445000
2290000
1203092
2450000
31615000
44418092
combined principal and interest required to pay each outstanding debt obligation on time and in full
4771313
3156843
2457750
1613231
2676522
46333462
61009121
final maturity date
6/15/2020
12/15/2029
12/15/2021
3/29/2032
6/15/2032
12/15/2032
secured in any way by ad valorem taxes (Y/N)
Yes
Yes
Yes
Yes
Yes
Yes
total proceeds received
17828066.31
3007131
4711440
1426813
2900000
35364909
65238359.31
proceeds spent
17828066.31
2888497
4711440
1426813
2900000
14778552
44533368.31
proceeds unspent
0
118634
0
0
0
20586357
20704991
official stated purpose for which the debt obligation was authorized
Refund prior issues
Collegiate Drive
Refund prior issues
Four Lane Hwy 24 S.
New utility lines
New utility lines
current credit rating (enter any that apply)
Moody's
Aa3
Aa3
Aa3
N/A
Aa3
Aa3
S&P
Fitch
other rating (if applicable)
Other Rating Source (if applicable)
unrated (Y/N)
OPTIONAL
explanation of repayment source
property taxes & utility revenues
property taxes
property taxes
property taxes
utility revenues
utility revenues
comments or additional information per individual debt obligation
City
County
Independent School District
Community/Junior College District
Water District as defined by Section 49.001 of the Water Code
Other Governmental Entity (please specify)
Yes
No
Additional Notes: Please use this space to enter any other information the political subdivision considers relevant or necessary to explain information submitted in this form.
End of Worksheet
OPTIONAL REPORTING
Please complete each of the yellow fields for all debt obligations in aggregate (or total) as of the last day of the political subdivision's most recently completed fiscal year.
Item #
For political subdivisions other than school districts, muncipalities and counties
1
2
3
4
5
6
7
8
9
For all political subdivisions
10
11
12
13
14
15
16
17
18
19
20
21
NOTE: Please review the information submitted carefully. All submissions will be posted as-is and will not be subject to editing, analysis or manipulation by Comptroller staff.
End of Worksheet
Optional Item
Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount for political subdivisions other than municipalities, school districts and counties.
Population total used to calculate per capita figure in #1:
Source and year of population estimate used to calculate per capita figure in #1:
Total principal on outstanding debt obligations secured by ad valorem taxation expressed as a per capita amount:
Population total used to calculate per capita figure in #4:
Source and year of population estimate used to calculate per capita figure in #4:
Total combined principal and interest required to pay all outstanding ad valorem-secured debt obligations on time and in full, expressed as a per capita amount:
Population total used to calculate per capita figure in #7:
Source and year of population estimate used to calculate per capita figure in #7:
Total authorized and outstanding debt obligations secured by ad valorem taxation, expressed as a per capita amount, projected as of the last day of the maximum term of the most recent
debt obligation:
Population projection total used to calculate per capita figure in #10:
Source and year of population projection used to calculate per capita figure in #10:
Date of last day of maximum term of most recently issued debt obligation in #10(MM/DD/YYYY):
Total principal on outstanding debt obligations secured by ad valorem taxation expressed as a per capita amount, projected as of the last day of the maximum term of the most recently
issued debt obligation:
Population projection total used to calculate per capita figure in #14:
Source and year of population projection used to calculate per capita figure in #14:
Date of last day of maximum term of most recently issued debt obligation in #14(MM/DD/YYYY):
Total combined principal and interest required to pay all outstanding ad valorem-secured debt obligations on time and in full, expressed as a per capita amount, projected as of the last
day of the maximum term of the most recently issued debt obligation:
Population total used to calculate per capita figure in #18:
Source and year of population estimate used to calculate projected per capita figure in #18:
Date of last day of maximum term of most recently issued debt obligation in #18(MM/DD/YYYY):
Response
Instructions
Sum all authorized debt obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt in this calculation. Divide this sum
by the population of the political subdivision for the corresponding year of debt obligation data.
The denominator used to calculate per capita figure requested in #1.This is a population total for your entity.
The source of population data comprising the denominator of per capita figure in #1.
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Ensure that the population data matches time frame of the fiscal year for which you are reporting.
The denominator used to calculate per capita figure requested in #4.This is a population total for your entity.
The source of population data comprising the denominator of per capita figure in #4.
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Add to this the cost of debt service for these debt obligations. Divide this total by the population of the political subdivision. Ensure that the population data matches time frame
of the fiscal year for which you are reporting.
The denominator used to calculate per capita figure requested in #7.This is a population total for your entity.
The source of population data comprising the denominator of per capita figure in #7.
Sum any and all authorized debt obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Divide this by the projected population of the political subdivision as of the entity's last day of the maximum term of the most recently issued debt obligation.
The denominator used to calculate per capita figure requested in #10.This is a population projection total for your entity.
The source of population projection comprising the denominator of per capita figure in #10.
The bill asks for the "most recent debt obligation" which is interpreted to mean the most recently issued debt obligation issued by the political subdivision.
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Divide by the projected population total for the political subdivision corresponding to the last day of the maximum term of the most recently issued debt obligation.
The denominator used to calculate per capita figure requested in #14.This is a population projection total for your entity.
The source of the population projection comprising the denominator of per capita figure in #14.
The bill asks for the "most recent debt obligation" which is interpreted to mean the most recently issued debt obligation issued by the political subdivision.
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Add to this the cost of debt service for these debt obligations. Divide this total by the projected population of the political subdivision corresponding to the last day of the maximum
term of the most recently issued debt obligation.
The denominator used to calculate per capita figure requested in #18.This is a population projection total for your entity.
The source of the population projection comprising the denominator of per capita figure in #18.
The bill asks for the "most recent debt obligation" which is interpreted to mean the most recently issued debt obligation issued by the political subdivision.
References, Local Government Code
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(A)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
140.008(b)(3)(C)
Instructions and Glossary
Item #/Column
Tab 1: Contact Information
1
2
Tab 2: Summary of Debt Obligations
1
2
3
4
5
6
7
8
9
10
11
Tab 3: Individual Debt Obligations
column B
column C
column D
column E
column F
column G
column H
column I
column J
column K
column L
columns M - R
End of Worksheet
Terms
political subdivision name
political subdivision type
Total authorized debt obligations
Total principal of all outstanding debt obligations
Combined principal and interest required to pay all outstanding debt obligations on time and in full
Total authorized debt obligations secured by ad valorem taxation
Total principal of all outstanding debt obligations secured by ad valorem taxation
Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full
Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount (required for a municipality, county, and school districts only)
Total principal of outstanding debt obligations secured by ad valorem taxation as a per capita amount (required for municipalities, counties, and school districts only):
Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full as a per capita amount (required for municipalities,
counties, and school districts only):
Population total used to calculate per capita figures
Source and Year of population figure used to calculate per capita figures
outstanding debt obligation
If debt is conduit or component debt, enter related entity name
principal issued
principal outstanding
combined principal and interest required to pay each outstanding debt obligation on time and in full
final maturity date
secured in any way by ad valorem taxes (Y/N)
total proceeds received
proceeds spent
proceeds unspent
official stated purpose for which the debt obligation was authorized
current credit rating
Definitions
Political subdivisions are counties, municipalities, school districts, junior college districts, other special districts, or other subdivisions of state government (Local Government
Code, section 140.008 (a) (2))
Political subdivisions are counties, municipalities, school districts, junior college districts, other special districts, or other subdivisions of state government (Local Government
Code, section 140.008 (a) (2))
1. Debt obligations are defined in the bill as issued public securities which are instruments, including bonds, certificates, notes, or other types of obligations authorized to be issued
by an issuer under a statute, a municipal home-rule charter, or the constitution of this state (Government Code section 1201.002 (2)).
2. Issuance is the process of authorizing, selling and delivering public debt.
3. Public security authorization means a resolution , order, or ordinance that is approved or adopted, or any other action taken in a proceeding, by the governing body of an issuer in
authorizing the issuance of a public security (Government Code section 1201.002 (3)).
Total amount borrowed (par) of all obligations that have yet to be repaid
Total amount borrowed (par) that has yet to be repaid plus the cost of interest
Total debt obligations secured by a pledge of property taxes
Total amount borrowed (par) of obligations secured by a pledge of property taxes that have yet to be repaid
Total amount borrowed (par)of all property tax-secured obligations plus the cost of interest
Total authorized debt obligations secured by a pledge of property taxes divided by the population of the political subdivision (only school districts, municipalities and counties are
required to provide a response to this question).
Total amount borrowed (par) secured by a pledge of property taxes divided by the population of the political subdivision (only school districts, municipalities and counties are required
to provide a response to this question).
Total debt obligations secured by a pledge of property taxes plus the cost of debt service on these obligations divided by the population of the political subdivision (only school districts,
municipalities and counties are required to provide a response to this question).
The denominator used to calculate per capita figures requested in #s 7-9 on the Summary of Debt Obligations tab. This is a population total for your entity.
The source of population data comprising the denominator of per capita figures in #s 7-9 in Summary of Debt Obligations tab.
an issued public security that has yet to be repaid.
debt that is not a legal liabilty of the political subdivision but is secured by another entity.
total amount borrowed (par)
total amount borrowed (par) of obligation that has yet to be repaid
the total amount borrowed (par) plus the cost of interest for each individual debt obligation or bond series
final payment date of individual debt obligation at which point all principal and interest will be paid off
indicates which individual debt obligations are in part or whole pledged with property taxes
total assets received from the sale of a new issue of public securities
the portion of total proceeds received (column H) that have been spent
the portion of total proceeds received that are remaining to be spent
The reason for the debt issuance as defined in ballot language if applicable or the Official Statement
existing rating given by any nationally recognized credit rating organization to debt obligations
Directions
Enter the legal name of your political subdivision.
Click on the item 2 cell to access the drop down menu. Select the appropriate type of political entity from the list. If you select "other", you must fill in the blank to the right to
specify the type.
Sum any and all authorized debt obligations. This includes voter-approved and non-voter approved debt obligations.
Sum the total amount borrowed of all debt obligations that have yet to be repaid.
Sum the amount borrowed that has yet to be repaid and the cost of interest; total debt service.
Sum any and all authorized debt obligations secured in any way by ad valorem taxation. Include combination tax and revenue debt obligations in this total.
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Sum the amount borrowed for obligations secured in any way by ad valorem taxation plus debt service costs. Include combination tax and revenue debt obligations in this total.
Sum any and all authorized debt obligations secured in any way by ad valorem taxation that have yet to be repaid and divide this by the population of the political subdivision. Include
combination tax and revenue debt obligations in this total. Ensure that the population data matches time frame of fiscal year for which you are reporting.
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Divide this figure by the population total for the political subdivision. Ensure that the population data matches time frame of the fiscal year for which you are reporting.
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total.
Add to this the cost of debt service for these debt obligations. Divide this total by the population of the political subdivision. Ensure that the population data matches time frame
of the fiscal year for which you are reporting.
Make sure that the year of the population figures you are using match the fiscal year you are reporting on.
Include the data source, year and any other pertinent information on the data. For example, if you are using the American Community Survey data, specify the table number. Note that school
district population data is available from the U.S. Census Bureau's Poverty Estimates for School Districts which is part of their Small Area Income and Poverty Program (SAIPE)
Enter the name of the individual debt obligation or bond series.
Enter the name of the entity who the debt is issued to on behalf of the political subdivision.
Enter the amount borrowed for each individual debt obligation or bond series.
Enter the amount borrowed that has yet to be repaid for each individual debt obligation or bond series.
Enter the amount borrowed plus the cost of interest for each individual debt obligation or bond series; total debt service.
Enter the date of the final payment of principal and interest for each individual debt obligation.
Respond with Y if any part of the debt obligation is secured with ad valorem taxes.
Enter the total assets received from the individual debt obligation.
Enter the portion of the total assets received from the individual debt obligation that have been spent.
Enter the portion of the total assets received from the individual debt obligation that have not been spent.
Enter the purpose for the issuance of this individual series as defined in ballot language if applicable or the Official Statement. If there is not sufficient space in column K, use
the Additional Notes tab to add further information regarding purpose. Be sure to label any addiitonal notes you enter in the Additional Notes tab.
Enter the current rating in the appropriate column. Enter credit ratings for all agencies that apply. If the credit rating organization is not listed, enter the rating and rating organization
in the "Other Rating" and "Other Rating Source" column. If the debt obligation is unrated, enter Y in the "Unrated" column.
References, Local Government Code
140.008(2)
140.008(2)
140.008(b)(1)(A)
140.008(b)(1)(B)
140.008(b)(1)(D)
140.008(b)(1)(F) & 140.008(b)(1)(A)
140.008(b)(1)(F) & 140.008(b)(1)(B)
140.008(b)(1)(F) & 140.008(b)(1)(D)
140.008(b)(1)(F) & 140.008(b)(1)(A)
140.008(b)(1)(F) & 140.008(b)(1)(B)
140.008(b)(1)(F) & 140.008(b)(1)(D)
140.008(b)(1)(F) )
140.008(b)(1)(F)
140.008(b)(1)(C)
n/a
140.008(b)(1)(G)(i)
140.008(b)(1)(C)
140.008(b)(1)(E)
140.008(b)(1)(G)(iii)
140.008(b)(1)(F)
140.008(b)(1)(G)(ii)
140.008(b)(1)(G)(ii)
140.008(b)(1)(G)(ii)
140.008(b)(1)(G)(iv)
140.008(b)(2)