07 - May Financial Report - Laserfiche WebLink

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City of Paris May 2023 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 0.59% less than what was reported in 2022. Current tax collections this year are 96.74% of the tax levy vs. 96.97% last year. 2. Sales taxes are up 11.56% from last year ($716,434). 3. Hotel occupancy taxes are up 4.65% compared to last year ($28,724). 4. Franchise fees are up 6.72% compared to last year ($152,495). This increase is due to a larger Atmos Gas payment. 5. Permit fees are up 27.30% from last year ($56,494). This increase is primarily from new commercial permits. 6. Municipal Court fines and related fees are up compared to last year increasing 11.31% ($18,371). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 90.70% ($517,252). The bulk of this increase comes from increased interest earnings plus fire deployment reimbursements. 8. Sanitation fees are down by 26.34% when compared to 2022 collections ($51,217). This decrease was planned in the current budget. More fees are going to the Sanitation Fund. 9. EMS fees are up 22.74% compared to last year ($483,567). 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 8.82% compared to last year. Sales taxes, property taxes, interest earned, and EMS fees account for most of the increase. General Fund revenues equal 84.75% of the budget with the City being 66.66% through the budget year. 12. Total General Fund expenditures are down 5.42% ($1,003,312) compared to last year. General Fund expenditures to date equal 63.42% of budget with the City being 66.66% through the budget year. 13. Sewer revenue is up 13.91% ($761,155). 14. Water revenue is up 4.15% ($228,151). 15. Other revenue sources are up 29.24% ($114,546). 16. Total Water & Sewer revenues, ignoring transfers and adjustments, are 9.72% above last year and represents 68.12% of the total budget with the City being 66.66% through the budget year. 17. Total Water & Sewer expenses are 10.80% above last year at this point and represent 40.04% of the total budget (62.75% adjusted for debt payments.) while the City is 66.66% through the budget year.