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City of Paris February 2019 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 1.22% more than this time last year. Current tax collections are 93.69% of the tax levy vs. 95.18% last year. 2. Sales taxes are up only 0.79% from last year. 3. Hotel occupancy taxes are up 2.04% from last year. All hotels are current on their taxes. 4. Franchise fees are down 3.54% compared to last year. Atmos had not paid their last quarter as of February 28tH 5. Permit fees are down 32.09% from last year. This amounts to $30,267. There were several large new construction permits issued last year that were above our usual activity level. 6. Municipal Court fines and related fees are 13.74% above last year's collections. This amounts to $16,652. 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 20.44% or $44,579. This comes mostly from collecting some delinquent lease payments and increase interest earnings. 8. Sanitation fees are down 5.06% compared to 2017 collections. This is only $7,360 and was expected with more of these fees going directly to the Sanitation Fund in this budget. 9. EMS fees are up 9.33% compared to last year. 10. Total General Fund revenues, net of any transfers, are 1.53% above last year. General Fund revenues equal 59.11% of the budget with the City being 41.66% through the budget year. 11. Total General Fund expenditures are up 1.16% compared to last year. General Fund expenditures to date equal 38.20% of budget with the City being 41.66% through the budget year. 12. Sewer revenue is up 4.53%. 13. Water revenue is down 5.13%, but is adversely affected by the billing adjustment to Lamar County Water Supply. Without that adjustment, water revenue would have been down 0.84%. November 2018 was the final month to be affected by the LCWS adjustment. 14. Total Water & Sewer revenues, ignoring transfers, are 0.83% below last year. 15. Total Water & Sewer expenses are 4.48% below last year at this point and represent 26.30% of the total budget (40.07% adjusted for debt payments)while the City is 41.66% through the budget year. Departmental Expenditure Summary: At this point the City is five months or 41.66% 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 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 four departments whose expenditures are over 41.66%.