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City of Paris August 2019 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 3.22% more than this time last year. Current tax collections are 98.15% of the tax levy vs. 97.99% last year. 2. Sales taxes are up 0.42% from last year. 3. Hotel occupancy taxes are up 0.62% from last year. All hotels are current on their taxes. 4. Franchise fees are down 2.18% compared to last year. A smaller payment from Atmos was the major cause for this decrease. 5. Permit fees are up 45.73 % from last year. This amounts to $84,825. This increase was caused by new commercial permits. 6. Municipal Court fines and related fees are 1.04% 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 up 2.16%. 8. Sanitation fees are down 4.61% compared to 2018 collections. This is only $14,703 and was expected with more of these fees going directly to the Sanitation Fund in this budget. 9. EMS fees are up 8.58% ($223,219) compared to last year. 10. Total General Fund revenues, net of any transfers, are 2.37% ($534,845) above last year. General Fund revenues equal 96.74% of the budget with the City being 91.66% through the budget year. 11. Total General Fund expenditures are up 1.54% ($358,654) compared to last year. General Fund expenditures to date equal 88.72% of budget with the City being 91.66% through the budget year. 12. Sewer revenue is up 3.45% ($180,754). 13. Water revenue is "up" 6.09%, but that is due to the credit issued Lamar County Water Supply in March of last year. Without that adjustment, water revenue would have been down $188,122 or 2.61%. November 2018 was the final month to be affected by the LCWS adjustment. 14. Total Water & Sewer revenues, ignoring transfers and adjustments, are 4.81% above last year. Again, this is due to the LCWS adjustment. Without that adjustment total revenues would have been up 0.04%. 15. Total Water & Sewer expenses are 0.53% below last year at this point and represent 61.81% of the total budget (87.27% 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 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 seven departments whose expenditures are over 91.66%.