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Reasons for Salient Changes from the Previous Fiscal Year
<br />So as not to repeat myself, please see Sections 45(7) and 45(8) below, which are combined in this Memorandum.
<br />Changes in Financial Policy
<br />As of the writing of this Memorandum, I was unable to locate the previous Financial Policy. Therefore, at this
<br />time I am unable to comment. This will not be the case next year.
<br />City of Paris Charter — Article V — Section 45(2)
<br />"A consolidated statement of receipts and expenditures for all funds. "
<br />Fund Number
<br />Fund Title
<br />Expenditure
<br />Revenue
<br />Net
<br />Notes
<br />1
<br />General
<br />$24,443,660.00 $24,443,660.00 $
<br />General Fund Departments - Balanced
<br />2
<br />Economic Development
<br />$ 3,537,173.88 $
<br />1,440,000.00 $(2,097,173.88)
<br />Council Approved PEDC- Utilizing Carryover Funding
<br />10
<br />Water and Sewer
<br />$15,269,187.00 $15,269,187.00 $
<br />Water and Sewer Departments - Balanced
<br />11
<br />Capital Projects
<br />$ $
<br />3,000.00 $
<br />3,000.00
<br />Large capital projects that tend to extend over multiple years.
<br />13
<br />Equipment Replacement
<br />$ $
<br />61,200.00 $
<br />61,200.00
<br />Biannual Sanitation Truck Replacement- FY21/22
<br />16
<br />TWDB Loan
<br />$ $
<br />$
<br />Proceeds from 2013 TWDB Loan usedto cover construction expenses.
<br />20
<br />Municipal Court Local Traffic Fee
<br />$ $
<br />50.00 $
<br />50.00
<br />Court costs fortrafflc violations. Statutory expenses.
<br />21
<br />Child Safety
<br />$ 3,500.00 $
<br />2,030.00 $
<br />(1,470.00)
<br />Courtcosts. Statutory expenses.
<br />22
<br />Municipal Court Local Truancy & Prevention
<br />$ 3,000.00 $
<br />3,020.00 $
<br />20.00
<br />Courtcosts. Statutory expenses.
<br />23
<br />PEGChannel
<br />$ $
<br />67,000.00 $
<br />67,000.00
<br />Funding for local Cable Channel- exploring options.
<br />24
<br />Lake Crook Restoration
<br />$ $
<br />50.00 $
<br />50.00
<br />Donated funds for Lake Crook Improvements. Onetime cleanup project.
<br />25
<br />Grant
<br />$ 151,647.00 $
<br />476,193.00 $
<br />324,546.00
<br />Auto Theft Grant, JAG Grant, HOME, Main Street Grant, etc. Run grants through this fund.
<br />26
<br />Municipa l Court J ury
<br />$ $
<br />60.00 $
<br />60.00
<br />Courtcosts. Statutoryexpenses.
<br />27
<br />Water Contract
<br />$ $
<br />19,000.00 $
<br />19,000.00
<br />Deposits for new Water/Sewer Accounts, plus Interest. When people close accounts, deposit is given back.
<br />28
<br />Parks
<br />$ $
<br />$
<br />Fund for misc. park projects as needed.
<br />30
<br />CDBG
<br />$ $
<br />2,500.00 $
<br />2,500.00
<br />Origin l CDBC fro m 1990s that was co nverted to a Revo lving Lo an Fund. CDBC require mens still a pply.
<br />31
<br />State Consolidated Fee
<br />$ $
<br />5,225.00 $
<br />5,225.00
<br />Courtcosts. Statutory expenses.
<br />32
<br />Auto Theft Program
<br />$ 30,000.00 $
<br />30,015.00 $
<br />15.00
<br />New fund. Vehicle Inspection fee, expenses must be related to auto theft program.
<br />33
<br />Municipal Court Tech Fee
<br />$ 10,000.00 $
<br />10,600.00 $
<br />600.00
<br />Court costs that can be used for Court equipment, technology, etc.
<br />34
<br />Municipal Court Security Fee
<br />$ 23,250.00 $
<br />8,500.00 $
<br />(14,750.00)
<br />Court costs that can be used for security expenses, ex: Ballaff, metal detectors, etc., as needed.
<br />35
<br />Municipal Court Child Safety Fee
<br />$ 5,000.00 $
<br />650.00 $
<br />(4,350.00)
<br />Courtcosts. Statutoryexpenses.
<br />36
<br />Municipa l Court Time Pay Fee
<br />$ 5,000.00 $
<br />1,750.00 $
<br />(3,250.00)
<br />Court costs. Statutory expenses.
<br />37
<br />Police Confiscated Funds - Gambling
<br />$ 4,000.00 $
<br />60.00 $
<br />(3,940.00)
<br />Confiscated gambling money, used to further police efforts to combat Illegal gambling.
<br />38
<br />Police Judicial Forfeitures
<br />$ 15,000.00 $
<br />20,500.00 $
<br />5,500.00
<br />Seized assets from arrests, awarded to Police by Court, to be used on unbudgeted equipment as needed.
<br />39
<br />Equitable Sharing Forfeitures
<br />$ 21,000.00 $
<br />785.00 $
<br />(20,215.00)
<br />Similar to Fund 38, except when the Federal level is Involved. Used as needed.
<br />43
<br />GO Bonds 2013 Construction
<br />$ $
<br />$
<br />Proceeds from 2013 bond used to cover construction expenses.
<br />44
<br />CO2016 Construction
<br />$ $
<br />$
<br />Proceeds from 2016 bond used to cover construction expenses.
<br />45
<br />La ndflll(Sa nitatio n)
<br />$ 1,165,350.00 $
<br />1,165,350.00 $
<br />Sanitation Department -Balanced
<br />46
<br />GO 2017 Street Construction
<br />$ $
<br />$
<br />Proceeds from 2017 bond used to cover construction expenses.
<br />47
<br />GO Bonds 2018 Co nstruction
<br />$ $
<br />$
<br />Proceeds from 2018 bond used to cover construction expenses.
<br />50
<br />Revenue Bonds Sinking Funds
<br />$ $
<br />90,000.00 $
<br />90,000.00
<br />Water and Sewer Required R-
<br />51
<br />Tx& Rev CO 2013 (TWDB) I&S
<br />$ 169,873.00 $
<br />170,873.00 $
<br />1,000.00
<br />Payment ofTWDB Loan (Fund #16), various utility lines In town.
<br />53
<br />Tx & Rev CO 2010 I&S
<br />$ 223,404.00 $
<br />227,554.00 $
<br />4,150.00
<br />Payment of Bond Debt Service, Collegiate Drive.
<br />59
<br />2010 GO / W&S Refunding Bonds
<br />$ $$
<br />Payment of Bond Debt Service, paid off In FY19/20.
<br />60
<br />Refunding Bonds 2012
<br />$ 410,563.00 $
<br />410,563.00 $
<br />Payment of Bond Debt Service, 2012 Reflna ncing.
<br />61
<br />I nterloca l Coo p Agreement l&S
<br />$ 100,827.00 $
<br />100,827.00 $
<br />Payment of Bond Debt Service as part of l nterloca l Agreement with other local governments be r 24 So uth.
<br />62
<br />60 Bonds 2013 I&S
<br />$ 2,769,975.00 $ 2,772,475.00 $
<br />2,500.00
<br />Payment of Bond Debt Service (Fund #43), Utility Line Work, paid by Water and Sewer Rates.
<br />63
<br />GO Bonds - 2016
<br />$ 774,385.00 $
<br />775,385.00 $
<br />1,000.00
<br />Payment of Bond Debt Service (Fund #44), Utility Line Work, paid by Water and Sewer Rates.
<br />64
<br />GO Bonds - 2017
<br />$ 633,336.00 $
<br />633,836.00 $
<br />500.00
<br />Payment of Bond Debt Service (Fund #46), Street and Park.
<br />65
<br />GO Bonds - 20181&S
<br />$ 226,821.00 $
<br />229,221.00 $
<br />2,400.00
<br />Payment of Bond Debt Service (Fund #47), Utility Line Work, paid mostly by Water and Sewer Rates, part Tax.
<br />67
<br />Hotel Tax I&S Fund - Civic Center
<br />$ 164,750.00 $
<br />166,425.00 $
<br />1,675.00
<br />Payment of Bond Debt Service, Love Civic Center. Began In FY19/20.
<br />72
<br />Library Memorial
<br />$ 1,000.00 $
<br />1,300.00 $
<br />300.00
<br />Special Revenue Fund for memorials towards Library (primarily buying books In honor of someone).
<br />79
<br />Library Expendable
<br />$ 500.00 $
<br />820.00 $
<br />320.00
<br />Endowments, Do natio ns and/ or Bequests to Library. Available as needed depending on restrictions of funding.
<br />80
<br />Library Permanent
<br />$ $
<br />$
<br />Endowments, Do natio ns and/or Bequests to Library. Available as needed depending on restrictions of funding.
<br />In situations above where you see a negative net (ex: Municipal Court Security Fee), this Fund has existing
<br />carryover funding available that can also be used next year. So the Revenue line shows the new Revenue
<br />raised, while the Expenditure line shows the possible expenditure of both new Revenue and previous years'
<br />Revenue. In other cases, a positive net is shown when the City foresees more collection than expense, but
<br />these are primarily in Special Funds which have very restricted and narrowly defined expense options. Finally,
<br />the Operational Funds, among a few others, show a zero net meaning they are balanced, new revenue =
<br />expense.
<br />City of Paris Charter — Article V — Section 45(3)
<br />"An analysis ofproperty valuations. "
<br />Page 9 of 15
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