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City of Paris August 2020 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 2.68% less than this time last year ($203,128). 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 96.95% of the tax levy vs. 98.15% last year. 2. Sales taxes are up 6.88% from last year ($462,222). 3. Hotel occupancy taxes are up 4.79% compared to last year. 4. Franchise fees are up 0.90% compared to last year. 5. Permit fees are down 11.56% from last year. This amounts to $31,274. May 2019 had unusually large dollar permits issued. 6. Municipal Court fines and related fees are 22.52% ($64,654 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 14.59% ($101,272) 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 11.40% compared to 2019 collections. This is only $31,701 and was expected with more of these fees going directly to the Sanitation Fund in this budget. 9. EMS fees are up 2.00% compared to last year. 10. Total General Fund revenues are 1.49% more than last year. General Fund revenues equal 98.68% of the budget with the City being 91.66% through the budget year. 11. Total General Fund expenditures are down 0.05% ($10,714) compared to last year. General Fund expenditures to date equal 89.02% of budget with the City being 91.66% through the budget year. 12. Sewer revenue is up 7.54% ($407,872). 13. Water revenue is up 5.64% ($388,182). 14. Other revenue sources are down 20.22% ($107,085). 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 5.37% above last year and represents 65.09% of the total budget (88.51% of budget when adjusted for debt collections). 16. Total Water & Sewer expenses are 1.87% below last year at this point and represent 60.41% of the total budget (85.84% adjusted for debt payments) while the City is 91.66% through the budget year,