07-November 16 Financial Report - Laserfiche WebLink

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City of Paris November 2016 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 18.92% less than this time last year. Current taxes are 7.90% collected vs. 9.60% last year. 2. Sales taxes are up 1.69% from last year. 3. Hotel occupancy taxes are down 2.85% from last year. All hotels are current on their taxes. 4. Franchise fees are up 3.94% compared to last year. 5. Permit fees are up 31.56 %. This is only $6,533. 6. Municipal Court fines are 25.45% below last year's collections. This is only $12,466. 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 105.36 %. This amounts to $55,607 and is due to Ramp Grant reimbursement, tower rental, and miscellaneous revenues. 8. EMS fees are up 10.97% compared to last year. 9. Total General Fund revenues are 0.48% below last year. This decrease amounts to only $15,287. General Fund revenues equal 14.10% of the budget with the City being 16.66% through the budget year. 10. Total General Fund expenditures are down 15.42% compared to last year. General Fund expenditures to date equal 16.93% of budget with the City being 16.66% through the budget year. 11. Sewer revenue is up 0.99% compared to last year. 12. Water revenue is down 3.38% compared to last year. The decrease is due to two large billing adjustments and a decrease in sales compared to last year. 13. Total Water & Sewer revenues, ignoring transfers, are 0.96% below last year. 14. Total Water & Sewer expenses are 8.21% below last year at this point and represent 10.55% of the total budget (10.55% adjusted for debt payments) while the City is 16.66% through the budget year. Departmental Expenditure Summary: At this point the City is two months or 16.66% through the budget year. It is important to remember that expenditures do not occur equally throughout the year. For example, capital expenditures and association memberships are one time expenditures that if made early in the fiscal year can produce a distorted expenditure percentage. Within the General and Water & Sewer Funds there are eight departments whose expenditures are over 16.66 %. 1. City Council- 40.34 %. The overage amounts to $18,101. This overage is due to making the annual payments for general liability insurance, membership in the Ark -Tex Council of Governments, and electrical repairs to the building. 2. Police- 16.99 %. The overage amounts to $20,754 and is due to the annual payment for general liability insurance, uniforms, supplies, and confidential funds.