07-MONTHLY STATEMENT OF ALL RECEIPTS AND DISBURSEMENTS BY FINANCIAL DIRECTOR

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City of Paris October 2011 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are much larger this year than this time last year. This is simply a timing issue of how quickly the appraisal district processes its collections out to the local tax entities. Last year was unusually slow. This year's collection amount is to the amount collected in October 2009. 2. Sales taxes are up 2.42% over last year. 3. Hotel occupancy taxes are up 15.80% from last year. All hotels are current on their occupancy taxes except La Quinta. As of 11-15-2011, La Quinta is delinquent for the 1St quarter of 2011 but paid the bulk of its obligation for the 2"d quarter of 2011. They are also delinquent for the 3ra quarter of 2011. 4. Franchise fees are up substantially because of the timing of Suddenlink's payment. Last year the first quarterly payment was not made until February. Also, a retrospective franchise payment made by Oncor in accordance to action taken by TCAPP on behalf of the City caused this jump in October's activity. 5. Permit fees are down $2,066 compared to last October. 6. Municipal Court fines are $895 below last year's collections. 7. Interest & lease payments are up $5,783. It is normal for the flow of interest revenue to vary from year to year. 8. EMS fees are down $3,523. This is not a significant number overall. 9. No quarterly payment was received in October for the mixed beverage tax. The payment was received in November. 10. General Fund miscellaneous fees/revenues are unpredictable in nature and amount but do occur each year. Variances from one year to the next are not unusual, however, so this line item is budgeted conservatively each year. They are down $2,375 from last year. 11. Total General Fund revenues are 26.73% above last year. As noted above this is primarily due to the timing of property tax and franchise tax payments. General Fund revenues to date are 7.67% of the budget while the City is 8.33% through the budget year. 12. Total General Fund expenditures are up 16.02% compared to last year. General Fund expenditures to date equal 7.58% of budget with the City being 7.67% through the budget year. 13. Sewer revenue is up 13.65% compared to last year due to the rate increase approved by the Council last June. 14. Water revenue is up 5.54% compared to last year due to the rate increase approved by the Council last 1une. 15. Total Water & Sewer revenues are 8.14% above last year and equal 9.58% of budget which is above the 8.3 budget to date percentage. 16. Total Water & Sewer expenses are 55.63% above last year at this point in time and represent 5.38% of the total budget while the City is 8.33% through the budget year. 30