City of Paris Debt Report - 2017Texas Comptroller’s Annual Local Debt Report
Table of Contents
1 - Contact Information
2 - Individual Debt Obligations
3 - Summary of Debt Obligations
4 - Additional Notes
5 - Optional Reporting
6 - Instructions and Glossary
End of Worksheet
Texas Comptroller’s Annual Local Debt Report
Fill in the cells in column B that correspond with the requested information. (*) indicates required information.
Entity Information
Political Subdivision Name*:
Political Subdivision Type*:
If "other", please specify
Reporting Fiscal Year*:
Fiscal Year Start (DD/MM/YYYY)*:
Fiscal Year End (auto):
Political Subdivision Website, if applicable:
Political Subdivision Telephone*:
Political Subdivision Email, if applicable:
Does the Political Subdivision have any reportable debt?*
Contact Information
Contact Name*:
Contact Title*:
Contact Phone*:
Contact Email:
Physical Address, Line 1*:
Physical Address, Line 2:
City*:
Zip*:
County*:
Is the entity's physical and mailing address the same?*
Mailing Address, Line 1:
Mailing Address, Line 2:
Mailing City:
Mailing Zip:
Mailing County:
End of Worksheet
City of Paris, Texas
City
2017
10/1/2016
9/30/2017
www.paristexas.gov
903-785-7511
Yes
Gene Anderson
Finance Director
903-784-9241
ganderson@paristexas.gov
135 S.E. First Street
Paris
75460
Lamar
No
P.O. Box 9037
Paris
75461
Lamar
Texas Comptroller’s Annual Local Debt Report
Entity Information (Auto)
Political Subdivision Name:
Reporting Fiscal Year:
Directions: Beginning with the row immediately below the column headings, list each of the political subdivision's individual debt obligations along with the information for each obligation.
Every column except B, Q, R and S is required for each debt obligation and must be provided for this report to be considered complete.
All information entered should reflect the last day of the political subdivision's fiscal year identified on this form. If the political subdivision has no debt to report for the fiscal
year, enter "No Reportable Debt" in the first cell below the column title in column A.
Individual Debt Obligations (click column titles for more information)
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
GO Bonds, Series 2016
GO Bonds, Series 2017
Totals
End of Worksheet
City of Paris, Texas
2017
If debt is conduit or component debt, enter related entity name:
SRR Mobility Authority
Principal issued*
17075000
3005000
4505000
1426813
2900000
33925000
8780000
9750000
81366813
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Principal outstanding*
3365000
2315000
1935000
604703.26
2300000
30840000
8780000
9750000
59889703.26
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
End of Worksheet
Combined principal and interest required to pay each outstanding debt obligation on time and in full*
3580012.5
2940689.45
2054550
707863.35
2506975.5
44144987.5
11623097.5
12869677.5
80427853.3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Final maturity date* (MM/DD/YYYY)
6/15/2020
12/15/2029
12/15/2021
3/29/2032
6/15/2032
12/15/2032
12/15/2036
6/15/2037
Is the debt secured in any way by ad valorem taxes?*
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Total proceeds received*
17828066.31
3007131
4711440
1426813
2900000
35364909
8911818.07
9942704.95
84092882.33
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Proceeds spent*
17828066.31
2974040.63
4711440
1426813
2900000
24386547.41
63001.74
129144.37
54419053.46
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Proceeds unspent*
0
33090.37
0
0
0
10978361.59
8848816.33
9813560.58
29673828.87
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
New utility lines
Streets
Is the debt obligation rated by any nationally recognized credit rating organization?*
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Moody's
Aa3
Aa3
Aa3
N/A
Aa3
Aa3
Aa3
Aa3
S&P
Fitch
Kroll
Other rating (if applicable)
Optional: Explanation of repayment source
property taxes & utility revenues
property taxes
property taxes
property taxes
utility revenues
utility revenues
utility revenues
property taxes
Optional: Comments or additional information per individual debt obligation
Texas Comptroller’s Annual Local Debt Report
Entity Information (Auto)
Political Subdivision Name:
Reporting Fiscal Year:
Directions: Fill in the cells in column B that correspond with the requested information.
All information entered should reflect the last day of the political subdivision's fiscal year identified on this form.
If there is no debt to report for the fiscal year, enter "N/A" or "$0" in each cell along column B.
Total Tax-Supported and Revenue Debt
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 debt secured by Ad Valorem Taxation (includes combination tax and revenue debt obligations)
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:
Per Capita Total Debt secured by Ad Valorem Taxation (required for municipalities, counties, and school districts only)
Population of the political subdivision:
Source and year of population data:
Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount:
Total principal of outstanding debt obligations secured by ad valorem taxation as a per capita amount:
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:
End of Worksheet
City of Paris, Texas
2017
81366813
59889703.26
80427853.3
81366813
59889703
80427853
25171
2010 US Census
3232.56
2379
3195
(select)
Yes
No
Protection Pasword:
(select)
City
County
ISD
CCD
Water District
Other
(select)
2016
2017
2018
2019
2020
hb1378
Moody's
(select)
Not Rated
Aaa
Aa1
Aa2
Aa3
A1
A2
A3
Baa1
Baa2
Baa3
Ba1
Ba2
Ba3
B1
B2
B3
Caa
Ca
C
S&P
(select)
Not Rated
AAA
AA+
AA
AA−
A+
A
A−
BBB+
BBB
BBB−
BB+
BB
BB−
B+
B
B−
CCC
CC
C
D
Fitch
(select)
Not Rated
AAA
AA+
AA
AA−
A+
A
A−
BBB+
BBB
BBB−
BB+
BB
BB−
B+
B
B−
CCC
CC
C
D
Kroll
(select)
Not Rated
AAA
AA
A
BBB
BB
B
CCC
CC
C
D
N/A - No Reportable Debt
Texas Comptroller’s Annual Local Debt Report
Additional Notes (optional)
Please use this space to enter any other information the political subdivision considers relevant or necessary to explain information submitted in this report.
1
2
3
4
5
6
7
8
9
10
End of Worksheet
Texas Comptroller’s Annual Local Debt Report
Optional Reporting
Directions: Please complete each of the cells in the right-most column (column E) for all debt obligations in aggregate (or total) as of the last day of the political subdivision's most
recently completed fiscal year.
For political subdivisions other than school districts, municipalities and counties
Item #
1
2
3
4
5
6
7
8
9
For all political subdivisions
Item #
10
11
12
13
14
15
16
17
18
19
20
21
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:
Optional Item
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):
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.
Instructions
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)
References, Local Government Code
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)
Response
Response
Texas Comptroller’s Annual Local Debt Report
Instructions and Glossary
The tables below provide further guidance on properly completing this report. Please contact the Texas Comptroller's office if you have any further questions, by phone (844) 519-5676;
or email, Transparency@cpa.texas.gov
Tab 1: Contact Information
Item #
1
2
3
Tab 2: Individual Debt Obligations
Column
column A
column B
column C
column D
column E
column F
column G
column H
column I
column J
column K
columns L - Q
Tab 3: Summary of Debt Obligations
Item #
1
2
3
4
5
6
7
8
9
10
11
End of Worksheet
Terms
Political Subdivision Name
Political Subdivision Type
Does the Political Subdivision have reportable debt?
Terms
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
Is the debt secured in any way by ad valorem taxes?
Total proceeds received
Proceeds spent
Proceeds unspent
Official stated purpose for which the debt obligation was authorized
current credit rating
Terms
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
Political subdivision's population
Source and year of population data
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)
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))
A political subdivision must annually compile and report the required financial information under Local Government Code, Section 140.008. There is not an exception to the filing requirement
for a political subdivision with no outstanding debt.
Definitions
an issued public security, as defined under Government Code §1201.002, that has yet to be repaid.
debt that is not a legal liability of the political subdivision but is secured by another entity, such as an Economic Development Corporation
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
Definitions
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
The denominator used to calculate per capita figures requested on the Summary of Debt Obligations tab. This is a population total for the entity.
The source of population data comprising the denominator of per capita figures.
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).
Directions
Enter the legal name of your political subdivision.
Click on the cell to access the drop down menu. Select the appropriate type of political entity from the list. If "other" is selected, the blank cell below it must specify the type.
Selecting another entity will black the lower cell out.
Click on the cell to the right to access the drop down menu. Selecting "No" still requires tabs 2 and 3 to be completed. All contact and entity information needs to be completed regardless
if there is no reportable debt.
Directions
Enter the name of the individual debt obligation or bond series. If the entity has no debt to report, enter "No Reportable Debt" in the first cell below the column title (row 10).
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.
Select "Yes" from the dropdown list if any part of the debt obligation is secured with ad valorem taxes. If not, select "No".
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. The spreadsheet automatically calculates this amount.
Enter the portion of the total assets received from the individual debt obligation that have not been spent. (Formula: subtract column I from column H)
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 4) to add further information regarding purpose. Be sure to label any additional notes you enter in the Additional Notes tab.
Identify if the obligation has received a credit rating. If so, 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 organization and rating in the "Other Rating" column. If the debt obligation is identified as unrated, columns M - Q will be blacked out.
Directions
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.
Make sure that the year of the population figures being used match the fiscal year being 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)
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.
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.
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.
References, Local Government Code
140.008(2)
140.008(2)
140.008
References, Local Government Code
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)
References, Local Government Code
140.008(b)(1)(A), 1201.002
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)(F)
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)