07 - Financial Report - Laserfiche WebLink

Home Browse Search

City of Paris January 2018 Financial Report Comments Net to Date Comparison of Revenues: L The operations and maintenance property tax and related collections are 7,39% more than this time last year. Current tax coHections are 81.95% of the tax levy vs. 80,73% last year. 2. Sa6es taxes are up 1.25% from vast year. 1 Hotel occupancy taxes are down 1.28% from last year. Ail hotels are current on their taxes except for Baymont Inn which is delinquent for the quarter ending 12-31-2017, 4. Franchise fees are up 4.64% compared to last year. 5. Permit fees are up 90.84% from last year. This amounts $36,678. 6. Municipal Court fines and related fees are 3,43% below last year's coIllections. 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is down $320 compared to last year. 8. Sanitation fees are down I5.58%. This was expected with more of these fees going directly to the Sanitation Fund in this year's budget. ,9. EMS fees are up 6.13% compared to last year, 10. Total General Fund revenues, net of any transfers, are 5.23% above last year. General Fund revenues equal 47.7'3% of the budget with the City being 33,33% through the budget year. IL Total General Fund expenditures are down 0,95% compared to last year. General Fund expenditures to date equaV 30.64% of budget with the City being 33.33% through the budget year. 12. Sewer revenue is down 0.91% compared to last year. 13, Water revenue is down 3.25% compared to last year. 14. Total Water & Sewer revenues, ignoring transfers, are 1,85% below last year. 15. Total Water & Sewer expenses are 7.86% above last year at this point and represent 23,05% of the total budget (36.94% adjusted for debt payments) while the City is 33.33% through the budget year, Departmental Expenditure Summary: At this point the City is four months or 33.33% 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 five departments whose expenditures are over 33.33%. L City Council -66.86%, The overage amounts to $27,343. This overage is due to the annual insurance payment, election related expenses, updating ordinance book, replacing restrooms' water heater, and building maintenance.