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City of Paris November 2020 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 24.71% less than this time last year ($158,593). This is due to the tax statements not going out until November. Current tax collections this year are 5.72% of the tax levy vs. 8.41% last year. 2. Sales taxes are up 28.97% from last year ($370,857). This is due to $229,047 in collections derived from audit payments. Even without this wind fall, collections would be up 11.07%. 3. Hotel occupancy taxes are up 25.27% compared to last year ($56,994). 4. Franchise fees are up 5.90% compared to last year. 5. Permit fees are up 5.83% from last year. 6. Municipal Court fines and related fees are down 27.10% ($11,476 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 is down 27.64% ($46,176). 8. Sanitation fees are up $482 when compared to 2019 collections. 9. EMS fees are down 6.37% compared to last year ($35,288). 10. Total General Fund revenues are 5.69% more than last year ($196,933). The largest contributor to this increase was the sales tax windfall derived from the state audit. 11. Total General Fund expenditures are down 5.29% ($204,903) compared to last year. Most of this reduction is in the emergency services departments. General Fund expenditures to date equal 15.00% of budget with the City being 16.66% through the budget year. 12. Sewer revenue is up 7.08% ($77,455). 13. Water revenue is up 5.78% ($79,040). 14. Other revenue sources are up 29.23% ($23,256). 15. Total Water & Sewer revenues, ignoring transfers and adjustments, are 7.07% above last year and represents 10.70% of the total budget. 16. Total Water & Sewer expenses are 10.74% below last year at this point and represent 9.04% of the total budget (9.04% adjusted for debt payments. No debt payments will be made until December.) The City is 16.66% through the budget year,