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City of Paris September 2019 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 2.98% 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 0.29% from last year. 3. Hotel occupancy taxes are down 0.62% from last year. All hotels are current on their taxes. 4. Franchise fees are down 2.06% compared to last year. A smaller payment from Atmos was the major cause for this decrease. 5. Permit fees are up 40.21 % from last year. This amounts to $79,587. This increase was caused by an increase in new commercial permits. 6. Municipal Court fines and related fees are 0.25% 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 5.18%. 8. Sanitation fees are down 4.55% compared to 2018 collections. This is only $15,823 and was expected with more of these fees going directly to the Sanitation Fund in this budget. 9. EMS fees are up 13.94% ($364,655) compared to last year. 10. Total General Fund revenues, net of any transfers, are 2.76% ($658,714) above last year. General Fund revenues equal 103.01% of the budget with the City being 100% through the budget year. 11. Total General Fund expenditures are up 3.52% ($801,742.94) compared to last year. General Fund expenditures to date equal 99.44% of budget with the City being 100% through the budget yea r. 12. Sewer revenue is up 2.86% ($166,771). 13. Water revenue is down 2.11%, but that is because accruals for September have not been done at this point. 14. Total Water & Sewer revenues, ignoring transfers and adjustments, are 0.38% above last year. 15. Total Water & Sewer expenses are 6.95% below last year at this point, but September 2019 accruals have not been done at the time of this report. 2019 water & sewer expenditures represent 71.48% of the total budget (96.94% adjusted for debt payments) while the City is 100% through the budget year. Departmental Expenditure Summary: At this point the City is twelve 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 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 thirteen departments whose expenditures are over 100%. Many of these overages were due to the year- end budget amendment which reduced the budgets of some departments in order to cover for those departments already exceeding their original budget.