Laserfiche WebLink
City of Paris <br />November 2018 Financial Report Comments <br />Net to Date Comparison of Revenues: <br />1. The operations and maintenance property tax and related collections are 3.73% more than this <br />time last year. Current tax collections were 7.87% of the tax levy vs. 8.42% last year. <br />2. Sales taxes are up only 0.87% from last year. <br />3. Hotel occupancy taxes are up 3.36% from last year. All hotels are current on their taxes. <br />4. Franchise fees are up 6.33% compared to last year. <br />5. Permit fees are up 9.97% from last year. This amounts to only $3,310. <br />6. Municipal Court fines and related fees are 23.05% above last year's collections. This amounts to <br />$9,082. <br />7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed <br />beverage tax, and other minor revenues. This revenue is up 16.54% or $42,133.49. This comes <br />mostly from collecting some delinquent lease payments. <br />8. Sanitation fees are down 5.14% compared to 2017 collections. This is only $3,003 and was <br />expected with more of these fees going directly to the Sanitation Fund in this budget. <br />9. EMS fees are up 13.34% compared to last year. <br />10. Total General Fund revenues, net of any transfers, are 5.45% above last year. General Fund <br />revenues equal 14.62% of the budget with the City being 16.66% through the budget year. <br />11. Total General Fund expenditures are up 0.93% compared to last year. General Fund <br />expenditures to date equal 15.65% of budget with the City being 16.66% through the budget <br />year. <br />12. Sewer revenue is up 9.78%. <br />13. Water revenue is down 2.32%, but is adversely affected by the billing adjustment to Lamar <br />County Water Supply. Without that adjustment, water revenue would have been up 2.59%. <br />November 2018 is the final month to be affected by the LCWS adjustment. <br />14. Total Water & Sewer revenues, ignoring transfers, are 2.70% above last year. <br />15. Total Water & Sewer expenses are 2.98% below last year at this point and represent 10.44% of <br />the total budget (also 10.44% adjusted for debt payments since there have been none this fiscal <br />year) while the City is 16.66% through the budget year. <br />Departmental Expenditure Summary: <br />At this point the City is two months or 16.66% through the budget year. It is important to remember <br />that expenditures do not occur equally throughout the year. For example, capital expenditures and <br />association memberships are one time expenditures that if made early in the fiscal year can produce a <br />distorted expenditure percentage. Within the General, Water & Sewer, and Sanitation Funds there are <br />five departments whose expenditures are over 16.66°/x. <br />1. City Council -35.28%. The overage amounts to $16,734. This overage is due to the annual <br />insurance payment, building maintenance, and membership fees. <br />