07 - March Financial Report - Laserfiche WebLink

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City of Paris March 2021 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 8.08% more than this time last year ($574,140). Collections on the current tax levy are at 94.82% vs. 94.91% last year. 2. Sales taxes are up 18.72% from last year ($724,912). This is due to $263,973 in collections derived from audit payments ($316,767 if you include PEDC share). Even without this wind fall, collections would be up 11.90%. 3. Hotel occupancy taxes are up 9.08% compared to last year ($29,971). All hotels are current on their payments. 4. Franchise fees are down 0.54% compared to last year (8,693). 5. Permit fees are down 41.03% from last year ($53,247). 6. Municipal Court fines and related fees are down 17.29% ($23,343) 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 19.10% ($75,971). 8. Sanitation fees are up $1,905 or 1.32% when compared to last year's collections. 9. EMS fees are up 1.94% compared to last year ($31,523). 10. Total General Fund revenues are 7.59% more than last year ($1,201,197) and represent 70.16% of the budget. The City is 50.00% through the budget year. Total General Fund expenditures are down 3.09% ($360,307) compared to last year. General Fund expenditures to date equal 46.14% of budget with the City being 50.00% through the budget year. 11. Sewer revenue is up 8.28% ($263,105). 12. Water revenue is up 9.60% ($356,221). 13. Other revenue sources are down 2.08% ($5,658). 14. Total Water & Sewer revenues, ignoring transfers and adjustments, are 8.57% above last year and represents 50.88% of the total budget. 15. Total Water & Sewer expenses are 6.25% above last year at this point and represent 32.87% of the total budget (51.55% adjusted for debt payments.) The City is 50.00% through the budget year. Departmental Expenditure Summary: At this point the City is six months or 50.00% through the budget year. It is important to remember that expenditures do not occur equally throughout the year. For example, capital expenditures and association memberships are one time expenditures that if made early in the fiscal year can produce a distorted expenditure percentage. Within the General, Water & Sewer, and Sanitation Funds there are three departments whose expenditures are over 50.00%.