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City of Paris December 2017 Financial Report Comments Net to Date Comparison of Revenues: 1, The operations and maintenance property tax and related collections are 8.,64% less than this time last year. Current tax collections are 26.36%© of the tax levy vs, 30.11% last year. 2, Sales taxes are up 1.39% from last year. 3. Hotel occupancy taxes are up 10.62% from last year. All hotels are current on their taxes, 4, Franchise fees are down 3,35% compared to last year. 5. Permit fees are up 105.10% from last year. This amounts $35,779, 6. Municipal Court fines and related fees are 6.20% below last year's collections. 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 24.69%. & Sanitation fees are down 15,46%. This was expected with more of these fees going directly to the Sanitation Fund in this year's budget, 9. EMS fees are up 2.497% compared to last year, 10. Total General Fund revenues, net of any transfers, are 1.86% below last year, General Fund revenues equal 24.56% of the budget with the City being 25,00% through the budget year. 11. Total General Fund expenditures are down 5,56% compared to last year. General Fund expenditures to date equal 22.59% of budget with the City being 25.00% through the budget year, 12. Sewer revenue is down 1.17%, 13, Water revenue is down 2.01% compared to last year. 14. Total Water & Sewer revenues, ignoring transfers, are 1.23% below last year. 15. Total Water & Sewer expenses are 8.09% above last year at this point and represent 17.26% of the total budget (31.15% 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, Water & Sewer, and Sanitation Funds there are seven departments whose expenditures are over 25.001%. L City Council -60.35%. The overage, amounts to $28,820. This overage is due to the annual insurance payment, election related expenses, updating ordinance book, replacing restrooms' water heater, and building maintenance. 2. Community Development -26.31%. The overage amounts to $4,368 and is due to travel expenses and utility costs.