|
35Municipal Court Child Safety Fee$ 1,000$ 375$ (625)Court costs.
<br />36Municipal Court Time Payment Fee$ 900$ 1,300$ 400 Court costs.
<br />37Police Confidential Fund-Gambling$ - $ 200$ 200 Confiscated gambling money used to further police efforts
<br /> to combat gambling.
<br />38Police Judicial Forfeitures$ 3,000$ 15,000$ 12,000 Seized assets awarded to the Police Dept. Used for unbudgeted equipment.
<br />
<br />39Police Equitable Sharing Fund$ 2,000$ 2,000$ -Same as Fund 38 except these are federal seizures.
<br />40Special Hotel Tax$ - $ 65,000$ 65,000 HOT tax 5% admin fee. Must be used in same way as other HOT tax money.
<br />41Grand Theater Donations$ - $ - $ -Set up for donations to restore the theater.
<br />44CO 2016 Construction Fund$ - $ - $ -Construction Fund
<br />46GO Bonds 2017 Construction Fund$ - $ - $ -Construction Fund
<br />47GO Bonds 2018 Construction Fund-W&S$ - $ - $ -Construction Fund
<br />50Revenue Bond Reserve Fund$ - $ 200,000 $ 200,000Required Reserve for bond debt.
<br />72Library Memorial Fund$ 1,000$ 2,300$ 1,300Donations in memory of someone. Books purchased from funds.
<br />79Library Expendable Fund$ 500$ 2,500$ 2,000Bequests to Library without restrictions.
<br />80Library Permanent Fund$ - $ - $ -Bequests to Library with restrictions on using the principal.
<br />83Revenue Bonds 2022 Construction Fund$ - $ - $ -Construction Fund
<br />86TIRZ Fund$ 245,000 $ 81,000$ (164,000) Tax Increment Reinvestment Zone
<br />87CO 2024 Construction Fund$ - $ - $ -Construction Fund
<br />In situations above where you see a negative net (ex:General Fund, Airport Fund,Municipal Court Security Fee, etc.),
<br />this Fund has existing carryover and/or reserve funding available.The Revenue line shows the new revenue raised,
<br />while the Expenditure line shows the possible expenditure of both new revenue and reserve and/or carryover.In other
<br />cases, a positive net is shown when the City foresees more collection than expense, but these are primarily in Special
<br />Funds which have very restricted and narrowly defined expense options.The primary focus of our attention is the
<br />Operational Funds which are Funds #1, 3, and 10.General Fund (#1) shows utilizing General Fund Reserveto fund
<br />capital requests (one-time expenses).Despite using some of the reserve, the City will still be able to maintain its
<br />minimum 4-month reserve balance.It is important that the City utilize its full allowable growth under SB2 to keep up
<br />with the rising costs of non-capital expenses.The reserve should only ever be used to fund one-time purchases while
<br />reoccurring expenses are covered through annual revenue.The City must also be careful never to utilize too much of
<br />the reserve such that we dip below our minimum 4-month balance.This must be forecasted over an entire year as the
<br />reserve fluctuates given revenue does not all come in equal and regular increments, thus there must be an ability to
<br />cash flow while maintaining a 4-monthbalance.The Airport Fund (#3) shows receiving a transfer from the General
<br />Fund.The Water and Sewer Fund (#10) isour primary business account and isbalanced (new revenue = expense).Of
<br />final note, it is not critical that non-operational funds be balanced as we can only spend what is in the account and on
<br />things that are eligible contractually and/or lawfully.In addition, even if we do not have an amount budgeted, or not
<br />enough shown, we can still access the available funds within the non-operational fund when needed.
<br />City of Paris Charter –Article V –Section 43(3)
<br />“An analysis of property valuations.”
<br />2020-20212021-20222022-20232023 - 20242024-2025
<br />Total Taxable Value$ 1,876,141,460.00 $ 2,228,001,573.00$ 2,423,466,605.00 $2,588,988,526.00$ 2,801,652,344.00
<br />Percent DifferenceN/A19%9%7%9%
<br />O&M Tax Rate0.397880.373570.343770.321760.30373
<br />Debt Tax Rate0.08290.080160.099010.156060.14828
<br />Total Tax Rate0.480780.453730.442780.477820.45201
<br />Percent DifferenceN/A-6%-2%8%-5%
<br />While Total Taxable Value has increased in recent years, the City’s Total Tax Rate has decreasedexcept for the
<br />Proposed FY23/24 Budget.The Texas Property Tax Reform and Transparency Act of 2019 will continue to manage,
<br />or as the intended goal of the legislators might be summarized as to say “keep in check”, the City’s M & OTax Rate
<br />(note: the Debt Tax Rate is unaffected by this Act).
<br />City of Paris Charter –Article V –Section 43(4)
<br />“An analysis of the tax rate.”
<br />Page 12of 18
<br />
<br />
|