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07 - Financial Reports
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01/22/18
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07 - Financial Reports
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3. Cox Field Airport -29,59%. The overage amounts to $5,411 and is due to the annual insurance <br />payment. <br />4. General Expenses -31.99%. The overage amounts to $116,901 and is due, to paymentsmade to <br />non -profits, the Health District, and the Lainnar County Appraisal District. <br />5, Warehouse -26,27%, The overage amounts to $1,549 and is due to the annual ins,urance <br />payment and payment of leave time due a retiring employee. <br />16. Water Treatment Plant -26.87%. The overage amounts to $58,741 and is due to work on water <br />storage tanks, pumps, and the purchase ofaveMic�p. <br />7. Water Distribution -26.00%. The overage amounts to $ 14,885 and is due to the annual insurance <br />payment and purchase mfatrailer and spreader. <br />General comments to the City Councik <br />over 99% of all of the City operational activity takes place in the General Fund, the Water & <br />Sewer Fund, or the Sanitation Fund. The other funds are special purpose funds with limited <br />activity and usually with legal restrictions on what their money can be spent on, For that reason, <br />| normally only comment on the activity mfthe General Fund, VVaterX' Sewer Fund, and the <br />Sanitation Fund. However, if circumstances merited it, | would make comment on activity in one <br />Vfthe other funds. <br />I try to anticipate questions you might have about the report and comment on those points. <br />After you receive your packet and review the monthly report, if you have q luestionsa bout the <br />report, please let the Manager know (or me if you can't reach the Manager) before the Council <br />meeting if possible in case | have to research the answer to your quesfion. That does not <br />prevent you from asking the question at the meeting if you wish to make a point, but it does <br />help prevent questions coming up that | can't answer on the spot and possibly delaying the <br />Council inmaking adecision. <br />The activity of the Paris Economic Development Corporation is reflected in the monthly report. <br />This is a result of the City performing the bookkee�ing functions for this agency. P,EDC has its <br />own managing board. <br />
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