Laserfiche WebLink
Departmental Expenditure Summary: <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 />association memberships are one time expenditures that if made early in the fiscal year can produce a <br />distorted expenditure percentage. Within the General, Water & Sewer, and Sanitation Funds there are <br />four departments whose expenditures are over 16.66%. <br />1. City Council -27.90%. The overage amounts to $15,624 and is due to the annual payment of <br />insurance and ArkTex Council of Governments dues. <br />2. Finance -19.37%. The overage amounts to $12,816 and was due to making the annual <br />software lease payment and annual insurance payment. <br />3. Traffic & Public Lighting -17.62%. The overage amounts to $4,663 and is due to the annual <br />insurance payment, sick sell back, and benefits. <br />4. General Expenses -25.23%. The overage amounts to $159,513 and is due to payment of hotel <br />tax to Chamber and the annual payment to Paris -Lamar County Health District. <br />General comments to the City.Council: <br />1. Over 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 tkat 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 />own managing board. <br />