07 - April Financial Report - Laserfiche WebLink

Home Browse Search

City of Paris April 2021 Financial Report Comments Net to Date Comparison of Revenues: I. The operations and maintenance property tax and related collections reported are 8.28% more than this time last year ($593,243). Collections on the current tax levy are at 95.49% vs. 95.46% last year. 2. Sales taxes are up 16.52% from last year ($728,223). This is due to $266,758 in collections derived from audit payments ($320,110 if you include PEDC share). Even without this wind fall, collections would be up 10.46%. 3. Hotel occupancy taxes are up 27.12% compared to last year ($141,325). All hotels are current on their payments. 4. Franchise fees are down 7.46% compared to last year (139,315). This drop is a timing issue on when payments were made by Atmos. This situation should rectify itself next month. 5. Permit fees are down 38.39% from last year ($54,441). 6. Municipal Court fines and related fees are down 7.62% ($11,530) 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 4.32% ($23,715). 8. Sanitation fees are down $1,241 or 0.72% when compared to last year's collections. 9. EMS fees are up 1.62% compared to last year ($30,781). 10. Total General Fund revenues are 7.25% more than last year ($1,263,329) and represent 76.44% of the budget. The City is 58.33% through the budget year. Total General Fund expenditures are down 2.66% ($356,496) compared to last year. General Fund expenditures to date equal 53.23% of budget with the City being 58.33% through the budget year. 11. Sewer revenue is up 9.44% ($346,388). 12. Water revenue is up 9.69% ($416,235). 13. Other revenue sources are up 32.88% ($94,192). 14. Total Water & Sewer revenues, ignoring transfers and adjustments, are 10.38% above last year and represents 59.62% of the total budget. 15. Total Water & Sewer expenses are 3.54% above last year at this point and represent 37.97% of the total budget (56.66% adjusted for debt payments.) The City is 58.33% through the budget year. Departmental Expenditure Summary: At this point the City is seven months or 58.33% 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 58.33%.