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10 - November 2021 Monthly Financial Report
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10 - November 2021 Monthly Financial Report
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IMMM <br />At this point the City is two months or 16.66% through the budget year. It is important to remember <br />that expenditures do not occur equally throughout the year. For example, capital expenditures and <br />I �21 VIM, <br />1. City Council-47.77%.The overage amounts to $30,403 and is due to making the annual insurance <br />payment, public notices, payment of ATCOG membership fee, payment of redistricting <br />consultant, and payment of the elevator maintenance contract. <br />2. Finance -18.32%. The overage amounts to $7,663 and is due to the annual insurance payment, <br />training expense, and the annual software lease payment. <br />3. EMS -23,63%. The overage amounts to $231,761 and is due to purchase of minor apparatus, <br />annual insurance payment, equipment maintenance, and purchase of capital items (ambulance <br />mm'� <br />4. General Expenses -31.17% -The overage amounts to $241,016 and is due to making full payments <br />to the non -profits and the first quarterly payment tote Lamar County Appraisal District, <br />5, Cox Field Airport -29.78%. The overage amounts to $75,854 and is due to lot mowing invoices <br />from the summer just now being turned in, high utility bills due to water leak, and the annual <br />insurance payment, <br />6. Water Billing Office -16,79%. The overage amounts to $3,574 and is due to the annual insurance <br />payment and credit card service fees. <br />UTUTIMM <br />1Over 99% of all of the City operational activity takes place in the General Fund, the Water & <br />Sewer Fund, or the Sanitation Fund. The other funds are special purpose funds with limited <br />activity and usually with legal restrictions on what their money can be spent on. For that reason, <br />I normally only comment on the activity of the General Fund, Water & Sewer Fund, and the <br />Sanitation Fund. However, if circumstances merited it, I would make comment on activity in one <br />of the other funds. <br />2. 1 try to anticipate questions you might have about the report and comment on those points, <br />After you receive your packet and review the monthly report, if you have questions about the <br />report, please let the Manager know (or me if you can't reach the Manager) before the Council <br />meeting if possible in case I have to research the answer to your question. That does not <br />prevent you from asking the question at the meeting if you wish to make a point, but it does <br />help prevent questions coming up th.at I can't answer on the spot and possibly delaying the <br />Council in making a decision. <br />3. The activity of the Paris Economic Development Corporation is reflected in the monthly report. <br />This is a result of the City performing the bookkeeping functions for this agency. PEDC has its <br />mmamm�� <br />
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