07 - Monthly Financial Report - Laserfiche WebLink

Home Browse Search

City of Paris June 2023 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 0.38% less than what was reported in 2022. Current tax collections this year are 97.21% of the tax levy vs. 97.30% last year. 2. Sales taxes are up 12.33% from last year ($763,571). 3. Hotel occupancy taxes are up 7.07% compared to last year ($43,624). 4. Franchise fees are up 6.76% compared to last year ($153,537). This increase is due to a larger Atmos Gas payment. 5. Permit fees are up 12.10% from last year ($25,051). This increase is primarily from new commercial permits. 6. Municipal Court fines and related fees are up compared to last year increasing 10.26% ($16,669). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 97.47% ($555,850). The bulk of this increase comes from increased interest earnings plus fire deployment reimbursements. 8. Sanitation fees are down by 30.13% when compared to 2022 collections ($58,587). This decrease was planned in the current budget. More fees are going to the Sanitation Fund. 9. EMS fees are up 18.90% compared to last year ($401,854). 10. Total General Fund revenues are up 9.15% compared to last year. Sales taxes, property taxes, interest earned, and EMS fees account for most of the increase. General Fund revenues equal 91.76% of the budget with the City being 75.00% through the budget year. 11. Total General Fund expenditures are down 5.42% ($1,003,312) compared to last year. General Fund expenditures to date equal 72.45% of budget with the City being 75.00% through the budget year. 12. Sewer revenue is up 13.79% ($864,519). 13. Water revenue is up 2.64% ($165,772). 14. Other revenue sources are up 36.58% ($156,728). 15. Total Water & Sewer revenues, ignoring transfers and adjustments, are 9.14% above last year and represents 77.47% of the total budget with the City being 75.00% through the budget year. 16. Total Water & Sewer expenses are 1.2.17% above last year at this point and represent 45.69% of the total budget (80.13% adjusted for debt payments.) while the City is 75.00% through the budget year.