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City of Paris May 2020 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 2.87% less than this time last year ($213,182). This decrease is due to lower current and delinquent tax collections to date plus the lower penalty & interest collected on the delinquent taxes. Current tax collections are 96.03% of the tax levy vs. 96.65% last year. 2. Sales taxes are up 4.28% from last year ($209,444.92). 3. Hotel occupancy taxes are down 1.82% compared to last year. 4. Franchise fees are down 1.64% compared to last year ($35,277). 5. Permit fees are down 29.58% from last year. This amounts to $66,202. May 2019 had unusually large dollar permits issued. 6. Municipal Court fines and related fees are 22.83% ($51,596) 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 49.33% ($196,891) caused by HHS Stimulus payment, increased T -Mobile lease payments, hanger rentals, event center lease, fuel flowage fees, and credit card fees. 8. Sanitation fees are down 11.19% compared to 2019 collections. This is only $24,717 and was expected with more of these fees going directly to the Sanitation Fund in this budget. 9. EMS fees are up 3.77% compared to last year. 10. Total General Fund revenues are 0.44 % more than last year. General Fund revenues equal 79.18% of the budget with the City being 66.66% through the budget year. 11. Total General Fund expenditures are up 2.14% ($317,985) compared to last year. General Fund expenditures to date equal 64.08% of budget with the City being 66.66% through the budget year. 12. Sewer revenue is up 7.72% ($298,858). 13. Water revenue is up 3.14% ($150,636). 14. Other revenue sources are down 19.37% ($74,761). This decrease caused by increased charge offs and lower interest rates. 15. Total Water & Sewer revenues, ignoring transfers and adjustments, are 4.14% above last year. 16. Total Water & Sewer expenses are 5.59% below last year at this point and represent 41.87% of the total budget (55.59% adjusted for debt payments)while the City is 66.66% through the budget year.