07 - Financial Report - Laserfiche WebLink

Home Browse Search

City of Paris September 2018 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 5.99% 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 1.01% from last year. 3. Hotel occupancy taxes are down 0.48% from last year. All hotels are current on their taxes. 4. Franchise fees are up 1.57% compared to last year. 5. Permit fees are up 27.39% from last year. This amounts $42,557. 6. Municipal Court fines and related fees are 1.22% 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 23.94% compared to last year. The increase was from increased interest earnings and the reimbursement of airport expenses by the State. 8. Sanitation fees are down 15.91%. This was expected with more of these fees going directly to the Sanitation Fund in this year's budget. 9. EMS fees are up 4.71% compared to last year. 10. Total General Fund revenues, net of any transfers, are 1.65% above last year. General Fund revenues equal 102.11% of the budget with the City being 100.00% through the budget year. 11. Total General Fund expenditures are up 1.17% compared to last year. General Fund expenditures to date equal 97.71% of budget with the City being 100.00% through the budget year. 12. Sewer revenue is up 0.66% compared to last year. 13. Water revenue is down 8.10% compared to last year. This is due to the adjustment made for the overcharge to LCWS. Otherwise revenue would be down 0.76% for the year. 14. Total Water & Sewer revenues, ignoring transfers, are 4.23% below last year. 15. Total Water & Sewer expenses are 6.19% above last year at this point and represent 73.02% of the total budget (98.38% adjusted for debt payments) while the City is 100.00% through the budget year. Departmental Expenditure Summary: At this point the City is 12 months or 100% 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 two departments whose expenditures are over 100% of budget. 1. Water Distribution -102.05%. The overage amounts to $30,313 and is due to service line replacement expenses.