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City of Paris October 2019 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 0.37% less than this time last year. Current tax collections are 4.93% of the tax levy vs. 4.20% last year. 2. Sales taxes are up 1.49% from last year. 3. Hotel occupancy taxes are up 30.61% from last year. Last year not all hotels paid on time for the 3`d quarter explaining the increase. All hotels are current on their taxes. 4. Franchise fees are up 82.64% compared to last year. A prompter payment from Atmos was the major cause for this increase. Also, Suddenlink's payment was posted incorrectly but corrected in a later month. 5. Permit fees are up 29.22% from last year. This amounts to $2,390. This increase was caused by new residential permits. 6. Municipal Court fines and related fees are 8.69% below 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 86.03% caused by larger interest earnings and lease payments. 8. Sanitation fees are down 13.02% compared to 2019 collections. This is only $3,607 and was expected with more of these fees going directly to the Sanitation Fund in this budget. 9. EMS fees are down 0.84% compared to last year. 10. Total General Fund revenues, net of any transfers, are 12.15% ($219,996) above last year. General Fund revenues equal 8.57% of the budget with the City being 8.33% through the budget year. 11. Total General Fund expenditures are up 2.01% ($31,269) compared to last year. General Fund expenditures to date equal 6.70% of budget with the City being 8.33% through the budget year.. 12. Sewer revenue is up 5.35% ($28,207). 13. Water revenue is down 1.26% 14. Total Water & Sewer revenues, ignoring transfers and adjustments, are 0.94% above last year. 15. Total Water & Sewer expenses are 3.77% below last year at this point and represent 4.17% of the total budget (4.17% adjusted for debt payments)while the City is 8.33% through the budget year.. Departmental Expenditure Summary: At this point the City is one month or 8.33% 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 two departments whose expenditures are over 8.33%.