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City of Paris April 2007 Financial Report Comments Regarding the "Net to Date Comparison", please note the following comments. 1. As reported previously, there is a distortion in the "Taxes Collected" line item due to a change in how property tax collections for debt are handled this year compared to last year. The $6,241,720 collected to date for current taxes exceeds the $5,845,119 collected at this same time last year. The 2005-06 "Taxes Collected" number of $7,277,513 included $1,306,468 in collections for debt related Interest & Sinking Funds that were run through the General Fund on their way to the correct I&S Fund. In 2006-07, property tax collections for debt are deposited directly into the proper I&S Fund and no longer go through the General Fund. 2. Sales taxes are 8.3% above this point last year. 3. Hotel taxes are up 5.7% from this time last year. 4. As previously reported, "Franchise Fees" are higher at this point of the year because TXU Energy now pays its franchise fees quarterly instead of annually as it did last year. Also, a prorated share of the water and sewer utility franchise payment has been paid. 5. As reported previously, "Permits" are up this year due to Kimberly Clark's 20 million dollar expansion. This permit alone was over $45,000. 6. Court fines are up 10.4% from this time last year. 7. General Fund "Miscellaneous Fees" are up12.8% due to TML insurance pool distributions for favorable claims history. 8. As previously reported, Water & Sewer Fund "Interest" is up due to the shortened period of investment which causes interest payments to be reported sooner than with longer term investments. 9. Water & Sewer "Miscellaneous" revenues are now ahead of last year due to reduced utility charges offs and some 2005-06 late fees were not posted until the 2006-07 fiscal year. ,.- ".