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City of Paris November 2017 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 8.83% more than this time last year. Current tax collections were 8.42% of the tax levy vs. 7.90% last year. 2� Sales taxes are up 1.41% from last year. 3. Hotel occupancy taxes are up 11,14% from last year. All hotels are current on their taxes. 4. Franchise fees are down 2.26% compared to last year, 5. Permit fees are up 21,89% from last year. This amounts to less than $6,000. 6. Municipal Court fines and related fees are 6,10% above 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 down 10.12%. 8, Sanitation fees are down 15.48%. This was expected with more of these fees going directly to the Sanitation Fund in this year's budget. 9. EMS fees are up 10.07% compared to last year. 10, Total General Fund revenues, net of any transfers, are 3.63% above last year. General Fund revenues equal 12.67% of the budget with the City being 16.66% through the budget year, 11. Total General Fund expenditures are down 3,35% compared to last year. General Fund expenditures to date equal 15.93% of budget with the City being 16.66% through the budget year. 12. Sewer revenue is down 3.91%. 13, Water, revenue is down 3.29% compared to last year. 14, Total Water & Sewer revenues, ignoring transfers, are 2.85% below last year, 15. Total Water & Sewer expenses are 9,03% above last year at this point and represent 11.05% of the total budget (11.05% adjusted for debt payments) while the City is 16.6,6% 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 riot 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 six departments whose expenditures are over 16.66%, 1, City Council -50,11%. The overage amounts to $27,278. This overage is due to the annual insurance payment and election related expenses, 2. Streets -17,92%. The overage amounts to $20,030 and is due to the annual insurance payment, temporary employees, and street repairs. 3. Cox Field Airport -22.36%. The overage amounts to $6,716 and is due to the annual insurance payment.