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City of Paris August 2018 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 5.76% more than this time last year. Current tax collections are 98.11% of the tax levy vs. 98.11% last year. 2. Sales taxes are up 0.65% from last year. 3. Hotel occupancy taxes are down 1.71% from last year. All hotels are current on their taxes. 4. Franchise fees are up 0.99% compared to last year. 5. Permit fees are up 27.76% from last year. This amounts $40,313. 6. Municipal Court fines and related fees are 0.27% 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 up 7.61% compared to last year. 8. Sanitation fees are down 15.84%. This was expected with more of these fees going directly to the Sanitation Fund in this year's budget. 9. EMS fees are up 7.39% compared to last year. 10. Total General Fund revenues, net of any transfers, are 3.17% above last year. General Fund revenues equal 95.94% of the budget with the City being 91.66% through the budget year. 11. Total General Fund expenditures are up 3.26% compared to last year. General Fund expenditures to date equal 89.57% of budget with the City being 91.66% through the budget year. 12. Sewer revenue is up 0.39% compared to last year. 13. Water revenue is down 10.35% compared to last year. This is due to the adjustment made for the overcharge to LCWS. Otherwise revenue would be down 0.03%. 14. Total Water & Sewer revenues, ignoring transfers, are 7.24% below last year. 15. Total Water & Sewer expenses are 4.00% above last year at this point and represent 63.84% of the total budget (89.20% adjusted for debt payments) while the City is 91.66% through the budget year. Departmental Expenditure Summary: At this point the City is eleven months or 91.66% 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 onetime 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 91.66% of budget. 1. City Council -120.78%. The overage amounts to $23,745. This overage is due to election related expenses, updating ordinance book, replacing restrooms' water heater, and building maintenance. 2. Community Development -106.34%. The overage amounts to $29,144 and is mainly due to plan review services provided by Bureau Veritas.