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City of Paris <br />December 2018 Financial Report Comments <br />Net to Date Comparison of Revenues: <br />1. The operations and maintenance property tax and related collections are 6.88% more than this <br />time last year. Current tax collections were 26.84% of the tax levy vs. 26.36% last year. <br />Delinquent tax collections are also above last year's delinquent collections at this point. <br />2. Sales taxes are up only 2.74% 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 8.24% compared to last year. <br />5. Permit fees are down 42.11% from last year. This amounts to $29,407. There were several large <br />new construction permits issued last year that were above our usual activity level. <br />6. Municipal Court fines and related fees are 23.39% above last year's collections. This amounts to <br />$12,310. <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 18.92% or $28,396. This comes <br />mostly from collecting some delinquent lease payments. <br />8. Sanitation fees are down 5.12% compared to 2017 collections. This is only $4,475 and was <br />expected with more of these fees going directly to the Sanitation Fund in this budget. <br />9. EMS fees are up 15.37% compared to last year. <br />10. Total General Fund revenues, net of any transfers, are 6.17% above last year. General Fund <br />revenues equal 26.99% of the budget with the City being 25.00% through the budget year. <br />11. Total General Fund expenditures are up 3.20% compared to last year. General Fund <br />expenditures to date equal 22.70% of budget with the City being 25.00% through the budget <br />year. <br />12. Sewer revenue is up 8.96%. <br />13. Water revenue is down 3.93%, but is adversely affected by the billing adjustment to Lamar <br />County Water Supply. Without that adjustment, water revenue would have been up 2.93%. <br />November 2018 was the final month to be affected by the LCWS adjustment. <br />14. Total Water & Sewer revenues, ignoring transfers, are 1.43% above last year. <br />15. Total Water & Sewer expenses are 3.59% above last year at this point and represent 17.41% of <br />the total budget (31.17% adjusted for debt payments)while the City is 25.00% through the <br />budget year. <br />Departmental Expenditure Summary: <br />At this point the City is three months or 25.00% 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 25.00%. <br />