10 - November 2021 Monthly Financial Report

Home Browse Search

City of Paris November 2021 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 98.54% 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 4t". The appeal hearings delayed the whole process including the mailing of the tax bills. Current tax collections this year are 11.37% of the tax levy vs. 5.72% last year. 2. Sales taxes are down 5,88% from last year ($97,114). 3. Hotel occupancy taxes are down 25.77% compared to last year ($72,829). 4. Franchise fees are up 28.09% compared to last year ($91,038). 5. Permit fees are up 9.46% from last year ($3,550). 6. Municipal Court fines and related fees are up 14.58% compared to last year ($4,500). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is down 8.67% ($10,487). 8. Sanitation fees are flat when compared to 2020 collections being up only $52. 9. EMS fees are down 6.09% compared to last year ($31,592). 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 11.00% more than last year ($402,589). General Fund revenues equal 15.87% of the budget with the City being 16.66% through the budget year. 12. Total General Fund expenditures are up 12.61% ($462,459) 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 15.93% of budget with the City being 16.66% through the budget year. 13. Sewer revenue is up 15.55% ($182,223). 14. Water revenue is up 6.99% ($101,071). 15. Other revenue sources are up 1.37% ($1,410). 16. Total Water & Sewer revenues, ignoring transfers and adjustments, are 10.47% above last year and represents 18.09% of the total budget. 17. Total Water & Sewer expenses are 19.22% above last year at this point and represent 9.915% of the total budget (26.88% adjusted for debt payments to date.) while the City is 16.66% through the budget year.