07 - Monthly Financial Report - Laserfiche WebLink

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City of Paris June 2020 Financial Report Comments Net to Date Comparison of Revenues: L The operations and maintenance property tax and related collections are 2.81% less than this time last year ($210,328). 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 96.43% of the tax levy vs. 97.02% last year. 2, Sales taxes are up 4.17% from last year ($228,570). I Hotel occupancy taxes are down 1.4810 compared to last year. 4, Franchise fees are down 0.7210 compared to last year ($18,317). 5. Permit fees are down 27.1810 from last year. This amounts to $63,850. May 2019 had unusually large dollar permits issued, 6. Municipal Court fines and related fees are 24.33% ($57,782) 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 15.62% ($91,108) 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 11.30% compared to 2019 collections. This is only $28,100 and was expected with more of these fees going directly to the Sanitation Fund in this budget. 9, EMS fees are up 4.61% compared to last year. 10. Total General Fund revenues are 0.18% more than last year. General Fund revenues equal 85.651 of the budget with the City being 75.00% through the budget year. 11. Total General Fund expenditures are up 1.1110 ($185,171) compared to last year. General Fund expenditures to date equal 70.931® of budget with the City being 75.00% through the budget year. 12, Sewer revenue is up 8.09% ($351,908). 11 Water revenue is up 3.8710 ($209,944). 14. Other revenue sources are down 24.4910 ($106,408). This decrease caused by increased charge offs, lower interest rates, suspension of credit card fees, and lower industrial surcharges. 15. Total Water & Sewer revenues, ignoring transfers and adjustments, are 4.46% above last year, 16. Total Water& Sewer expenses are 3.27% below last year at this point and represent 47,81% of the total budget (73.2510 adjusted for debt payments)while the City is 75,0010 through the budget year.