07 - Monthly Financial Report - Laserfiche WebLink

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City of Paris August 2022 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 3.52% more than what was reported in 2021. Current tax collections this year are 97.83% of the tax levy vs. 97.17% last year. 2. Sales taxes are up 1.34% from last year ($114,505). 3. Hotel occupancy taxes are down 0.93% compared to last year ($7,917). 4. Franchise fees are up 9.20% compared to last year ($261,244). 5. Permit fees are up 59.00% from last year ($104,426). Both new residential and new commercial permits are up significantly. 6. Municipal Court fines and related fees are down 1.40% compared to last year ($3,049). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 8.03% ($69,873). 8. Sanitation fees are flat when compared to 2021 collections being down only $898. 9. EMS fees are up 3.83% compared to last year ($116,578). 10. W&S Administration fees are up 26.07% over last year ($227,530). This is in accordance with the 2021-22 Budget. 11. Total General Fund revenues are 4.54% more than last year ($1,163,030). This mainly due to property tax collections and franchise revenue. General Fund revenues equal 104.69% of the budget with the City being 91.66% through the budget year. 12. Total General Fund expenditures look like they are up 18.28% ($3,940,208) compared to last year. However, this expenditure number includes the $2,500,000 loan that the City gave to PEDC. If the loan is backed out of the expenditure totals, the increase would be 6.68% ($1,440,208). General Fund expenditures to date equal 98.36% of budget (88.71% when adjusted for the PEDC loan.) The City is 91.66% through the budget year. 13. Sewer revenue is up 18.68% ($1,227,193). This reflects the gradually increasing rates that the City Council has approved to fund the new wastewater plant. 14. Water revenue is up 6.76% ($517,521). 15. Other revenue sources are down 13.22% ($82,191). 16. Total Water & Sewer revenues, ignoring transfers and adjustments, are 11.20% above last year and represents 99.40% of the total budget. 17. Total Water & Sewer expenses are 0.54% below last year at this point and represent 56.77% of the total budget (83.55% adjusted for debt payments to date.) while the City is 91.66 % through the budget year.