07 - December monthly financial report

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1. City Council -37.57%. The overage amounts to $17,466 and was due to the annual payment of insurance, ArkTex Council of Governments dues, and election expenses. 2. City Manager -26.77%. The overage is $10,480 and was due to the annual insurance payment, minor apparatus, and an overpayment of TMRS which will be corrected. 3. Finance -29.34%. The overage amounts to $20,528 and was due to making the annual software lease payment, the annual insurance payment, and an overpayment of TMRS which will be corrected. 4. Fire -25.20%. The overage amounts to $10,765 and was due to building and grounds maintenance, and the annual insurance payment. Engineering -29.46%. The overage amounts to $13,377 and was due to the annual insurance payment, an overpayment of TMRS which will be corrected, and interim engineering costs. 5. EMS -28.19%. The overage amounts to $129,235 and was due to an overpayment of TMRS which will be corrected, overtime, the annual insurance payment, maintenance on radios, vehicles, and an annual lease payment. 6. Library -26.39%. The overage amounts to $10,674 and was due to the annual insurance payment, an overpayment of TMRS which will be corrected, stability pay, sick sell back, office supplies, and minor apparatus. 7. General Expenses -31.61%. The overage amounts to $123,076 and was due to the annual payments to non-profit entities. 8. Warehouse -25.93%. The overage amounts to $1,100 and is due to the annual insurance payment and an overpayment to TMRS which will be corrected. General comments to the City Council: Over 99% of all of the City operational activity takes place in the General Fund, the Water & Sewer Fund, or the Sanitation Fund. The other funds are special purpose funds with limited activity and usually with legal restrictions on what their money can be spent on. For that reason, I normally only comment on the activity of the General Fund, Water & Sewer Fund, and the Sanitation Fund. However, if circumstances merited it, I would make comment on activity in one of the other funds. I try to anticipate questions you might have about the report and comment on those points. After you receive your packet and review the monthly report, if you have questions about the report, please let the Manager know (or me if you can't reach the Manager) before the Council meeting if possible in case I have to research the answer to your question. That does not prevent you from asking the question at the meeting if you wish to make a point, but it does help prevent questions coming up that I can't answer on the spot and possibly delaying the Council in making a decision. The activity of the Paris Economic Development Corporation is reflected in the monthly report. This is a result of the City performing the bookkeeping functions for this agency. PEDC has its own managing board.