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City of Paris October 2020 Financial Report Comments Net to Date Comparison of Revenues: 1. The appraisal district reported no current tax collections for October 2020. This was due to tax bills not going out until November 4t". The appeal hearings delayed the whole process including the mailing of the tax bills. Current collections for October 2019 were reported as $462,141. Current tax collections this year are 0% of the tax levy vs. 4.93% last year. 2. Sales taxes are up 15.97% from last year ($94,127). 3. Hotel occupancy taxes are up 4.49% compared to last year. 4. Franchise fees are down 33.40% compared to last year. Atmos did not make their quarterly payment until November but had it been paid in October these fees would still be down 7.99%. 5. Permit fees are up 77.35% from last year ($8,177). 6. Municipal Court fines and related fees are down 38.19% ($9,645 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 46.23% ($63,448). The largest reason for this decrease is the prior October had a grant reimbursement come in and the current October did not. 8. Sanitation fees are up $210 when compared to 2019 collections. 9. EMS fees are down 16.28% compared to last year ($53,041). 10. Total General Fund revenues are 21.95% less than last year. This is due to no current property tax collections. General Fund revenues equal 6.48% of the budget with the City being 8.33% through the budget year. 11. Total General Fund expenditures are down 36.59% ($579,512) compared to last year. Most of this reduction is in the emergency services departments. General Fund expenditures to date equal 4.10% of budget with the City being 8.33% through the budget year.. 12. Sewer revenue is up 8.62% ($47,890). 13. Water revenue is up 3.50% ($25,231). 14. Other revenue sources are up 27.91% ($11,080). 15. Total Water & Sewer revenues, ignoring transfers and adjustments, are 6.40% above last year and represents 5.61% of the total budget (5.61% of budget when adjusted for debt collections). 16. Total Water & Sewer expenses are 45.02% below last year at this point and represent 2.27% of the total budget (2.27% adjusted for debt payments) while the City is 8.33% through the budget year.