07 - October Monthly Financial Report

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City of Paris October 2021 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 749.66% more than what was reported in 2020. This huge percentage difference is due to the fact that the appraisal district reported no current tax collections for October 2020. This non -collection was due to tax bills not going out until November 4th. The appeal hearings delayed the whole process including the mailing of the tax bills. Current collections for October 2021 were reported as $222,818. Current tax collections this year are 2.24% of the tax levy vs. 0.00% last year. 2. Sales taxes are up 0.48% from last year ($3,298). 3. Hotel occupancy taxes are up 19.14% compared to last year ($46,500). 4. Franchise fees are up 12.48% compared to last year ($18,585). 5. Permit fees are up 52.28% from last year ($9,803). 6. Municipal Court fines and related fees are flat compared to last year increasing only $7.93. 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is down 22.47% ($16,600). 8. Sanitation fees are flat when compared to 2020 collections being up only $90. 9. EMS fees are down 8.08% compared to last year ($22,046). 10. W&S Administration fees are up 24.48% over last year. This is in accordance with the 2021-22 Budget. 11. Total General Fund revenues are 13.52% more than last year. This is due to no current property tax collections during October of 2020. General Fund revenues equal 7.11% of the budget with the City being 8.33% through the budget year. 12. Total General Fund expenditures are up 5.90% ($59,311) compared to last year. General expenses were up as all of the non -profits were paid in October this year, EMS rental/lease of equipment spiked in October, and the Street & Police department also got off to a fast start this year. General Fund expenditures to date equal 5.58% of budget with the City being 8.33% through the budget year. 13. Sewer revenue is up 10.10% ($60,908). 14. Water revenue is up 11.76% ($87,693). 15. Other revenue sources are up 6.33% ($3,217). 16. Total Water & Sewer revenues, ignoring transfers and adjustments, are 10.85% above last year and represents 9.34% of the total budget. 17. Total Water & Sewer expenses are 45.38% above last year at this point and represent 3.03% of the total budget (No debt payments to date.) while the City is 8.33% through the budget year.