07 - September Monthly Financial Report

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City of Paris September 2021 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 8.29% more than this time last year ($611,593). Collections on the current tax levy are at 97.17% vs. 96.95% last year. 2. Sales taxes are up 12.70% from last year ($1,047,328). This is due in part to $321,811 in collections derived from audit payments. Even without this windfall, collections would be up 8.80%. 3. Hotel occupancy taxes are up 31.23% compared to last year ($200,999). All hotels are current on their payments. 4. Franchise fees are down 1.05% compared to last year ($34,068). 5. Permit fees are down 20.81% from last year ($52,482). 6. Municipal Court fines and related fees are down 0.89% ($2,102). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 7.44% ($64,414). 8. Sanitation fees are down $1,417 or 0.48% when compared to last year's collections. 9. EMS fees are up 4.78% compared to last year ($152,308). 10. Total General Fund revenues are 7.85% more than last year ($1,986,573) and represent 111.64% of the budget. The City is 100% through the budget year. Total General Fund expenditures are up 0.28% ($67,606) compared to last year. General Fund expenditures to date equal 98.47% of budget with the City being 100% through the budget year. 11. Sewer revenue is up 12.24% ($788,310). 12. Water revenue is up 5.18% ($420,182). 13. Other revenue sources are up 34.72% ($173,690). 14. Total Water & Sewer revenues, ignoring transfers and adjustments, are 9.18% above last year and represents 107.59% of the total budget. 15. Total Water & Sewer expenses are 12.52% above last year at this point and represent 70.40% of the total budget (95.63% adjusted for debt payments.) The City is 100% through the budget year. Departmental Expenditure Summary: At this point the City is 12 months or 100% through the budget year. Within the General, Water & Sewer, and Sanitation Funds there are ten departments whose expenditures are over 100%. 1. City Manager -100.57%. The overage is $2,250 and is an immaterial amount. 2. Police -102.32%. The overage amounts to $148,354 and was caused by the year end budget amendment. 3. Fire -101.62%. The overage amounts to $85,134 and was caused by the year end budget amendment.