07 - Monthly Financial Report - Laserfiche WebLink

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City of Paris January 2023 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 1.94% more than what was reported in 2022. Current tax collections this year are 84.51% of the tax levy vs. 83.67 % last year. 2. Sales taxes are up 13.07% from last year ($395,398). 3. Hotel occupancy taxes are down 11.58% compared to last year ($54,735). 4. Franchise fees are up 8.05% compared to last year ($81,282). 5. Permit fees are up 67.09% from last year ($71,466). This increase is primarily from new commercial permits. 6. Municipal Court fines and related fees are up compared to last year increasing 22.19% ($15,533). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 164.88% ($301,783). The bulk of this increase comes from increased interest earnings and other revenue. 8. Sanitation fees are down by 22.54% when compared to 2021 collections ($21,943). This decrease was planned in the current budget. More fees are going to the Sanitation Fund. 9. EMS fees are up 34.06% compared to last year ($328,786). 10. W&S Administration fees are flat compared to last year. This is in accordance with the 2022-23 Budget. 11. Total General Fund revenues are up 9.46% compared to last year. Sales taxes, property taxes, interest earned, and EMS fees account for most of the increase. General Fund revenues equal 53.13% of the budget with the City being 33.33% through the budget year. 12. Total General Fund expenditures are up 5.11% ($430,612) compared to last year. General Fund expenditures to date equal 32.08% of budget with the City being 33.33% through the budget year. 13. Sewer revenue is up 10.02% ($282,181). 14. Water revenue is up 6.37% ($185,564). 15. Other revenue sources are down 22.40% ($45,165). 16. Total Water & Sewer revenues, ignoring transfers and adjustments, are 7.19% above last year and represents 34.44% of the total budget with the City being 33.33% through the budget. 17. Total Water & Sewer expenses are 6.06% above last year at this point and represent 19.35% of the total budget (42.06% adjusted for debt payments.) while the City is 33.3% through the budget year.