07-City Manager's monthly statementof all receipts and disbursements

Home Browse Search

City of Paris March 2010 Financial Report Comments Net to Date Comparison of Revenues: 1. Property tax collections are down 1.72% compared to this time last year. 2. Sales tax collections are 11.26% below last year's collections through this rr behind the current budget. 3. Hotel occupancy taxes are 13.80% below this same time last year. All hotel: payments. 4. Franchise taxes are down 14.439'o primarily due to much lower quarterly rei Energy. Information provided by Atmos indicates that the drop is due to a c lower natural gas prices and slightly lower sales volume. TXU Energy paymE year. 5. Permit fees are down $5,427 compared to last year. 6. Municipal Court fines are down 15.93% or $34,931. 7. Hanger lease payments and interest earnings are down $62,241 compared due to the somewhat irregular timing of these payments. At times renters 1 or two then catch up and sometimes they pay in advance knowing that the for a while. Over the course of the year this works itself out but it can at gi% collections during the year. Likewise, interest revenue does not take place i year. 8. EMS fees are down 10.66% from last year. 9. Miscellaneous collections are up and this is primarily due to the $85,060 TA City related to general liability and worker's compensation insurance. Beca insurance pool, TML periodically refunds member cities any excess reserve; There was also a$13,167 TXDOT reimbursement of routine airport mainter 10. Total General Fund revenues are 6.229'a below last year's receipts at this tin and electric franchise payment plus slower property tax payments. General equa161.69% of the budget while the City is 509'o through the budget year. 11. Total General Fund expenditures are 7.569'a less than last year through this expenditures to date equal 45.099'0 of budget while the City is 50% through 12. Water revenue is down 4.509'o reflecting the unusually large rainfall we hav sewer revenue is down only.789'0. Miscellaneous revenues appear to be up not been offset by any major charge offs. 13. Total Water & Sewer Water revenue is down 2.90% from last year. This refl water sales and the completion of reimbursements from the City of Irving I revenues to date equal 47.23% of that budget. This percentage is behind tF percentage of 50%. 14. Total non-debt Water & Sewer expenses are 15.729'0 lower than this point I 41.839'0 of the current budget not including the debt appropriations of $3,9 payments of $2,757,872 made to date. Total Water & Sewer expenditures 1 budget if you include the appropriations and payments for debt. Departmental Expenditure Summary: ~nth w ch is.88% are cur nt on their iittanc from Atmos >mbina on of much its are Iso lower this ) last y ar but this is ill get hind a month are goi g to be away a dist ed view of ,enlv t ouRhout the L equit return to the se it is non-profit built u over time. ance at ox Field. e due t the lower gas Fund re enues to date nth. IlGeneral Fund tne nua et year. ! experi nced while only be use they have !cts the ecreased ist year. ater & Sewer e budRe to date st year nd amount to 4,125 d debt ) date a e 50.139'0 of At this point the City is 6 months or 509'o through the budget year. It is important to ememb expenditures do not occur equally throughout the year. For example, capital expenditures ai memberships are one time expenditures that if made early in the fiscal year can pro uce a d expenditure percentage. Within the General and Water & Sewer Funds there are 4 epartm expenditures are over 509'o at this time. 1. City Clerk-53.899'0. The overage amounts to $6,198 and is due to personnel that association whose ~ 2.:~