07-CITY MANAGER'S MONTHLY STATEMENT OF RECEIPTS AND DISBURSEMENTS

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City of Paris November 2011 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections to date are virtually equal to last year after two months of tax collection activity. 2. Sales taxes are down 1.8% from last year. This percentage had dropped to -.24% by the end of December. 3. Hotel occupancy taxes are up 12.03% from last year. All hotels are current on their occupancy taxes except La Quinta. As of 12-19-2011, La Quinta is delinquent for the 15t quarter of 2011 but paid the bulk of its obligation for the 2"d quarter of 2011. They are also delinquent for the 3~a 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. A retrospective franchise payment made by Oncor in accordance with action taken by TCAPP on behalf of the City also contributed to this increase. 5. Permit fees are up 22.03% compared to last year. 6. Municipal Court fines are 11.90% below last year's collections. 7. Interest & lease payments are up $18,443. It is normal for the flow of interest revenue to vary from year to year. 8. EMS fees are down 4.69%. 9. The mixed beverage tax collection is down 31.66%. 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. These revenues are down $319 from last year. 11. Total General Fund revenues are 8.35% above last year. As noted above this is primarily due to the timing of franchise tax payments from Suddenlink. General Fund revenues to date are 14.07% of the budget while the City is 16.66% through the budget year. 12. Total General Fund expenditures are up 8.96 % compared to last year. General Fund expenditures to date equal 16.06% of budget with the City being 16.66% through the budget year. 13. Sewer revenue is up 12.71% compared to last year due to the rate increase approved by the Council last June. 14. Water revenue is down 4.41% compared to last year primarily due to charge offs of uncollectable accounts. 15. Total Water & Sewer revenues are 1.83% above last year and equal 17.70% of budget which is above the 16.66% budget to date amount. 16. Total Water & Sewer expenses are 25.95% above last year at this point in time and represent 11.04% of the total budget (15.45% adjusted for debt) while the City is 16.66% through the budget year. ~G J