07 - DECEMBER 2016 FINANCIAL REPORT

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City of Paris December 2016 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 1.13% less than this time last year. Current taxes are 30.11% collected vs. 30.05% last year. 2. Sales taxes are up 2.77% from last year. 3. Hotel occupancy taxes are down 2.39% from last year. All hotels are current on their taxes. 4. Franchise fees are up 2.43% compared to last year. 5. Permit fees are up 7.89 %. This is only $2,492. 6. Municipal Court fines are 20.87% below last year's collections. This is only $14,734. 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 422.09 %. This amounts to $97,271 and is due to Ramp Grant reimbursement, tower rental, purchase card rebate, and other miscellaneous revenues. 8. EMS fees are up 5.79% compared to last year. 9. Total General Fund revenues are 2.67% above last year. General Fund revenues equal 27.25% of the budget with the City being 25.00% through the budget year. 10. Total General Fund expenditures are down 8.55% compared to last year. General Fund expenditures to date equal 24.56% of budget with the City being 25.00% through the budget year. 11. Sewer revenue is up 0.47% compared to last year. 12. Water revenue is down 0.49% compared to last year. 13. Total Water & Sewer revenues, ignoring transfers, are 0.47% above last year. 14. Total Water & Sewer expenses are 5.91% below last year at this point and represent 16.61% of the total budget (27.58% adjusted for debt payments) while the City is 25.00% through the budget year. Departmental Expenditure Summary: At this point the City is three months or 25.00% 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 six departments whose expenditures are over 25.00 %. 1. City Council- 46.24%. The overage amounts to $16,238. 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 - 25.81%. The overage amounts to $49,930 and is due to the annual payment for general liability insurance, uniforms, supplies, vehicle maintenance, and confidential funds.