07-MONTHLY STATEMENT OF ALL RECEIPTS AND DISBURSEMENTS FROM FINANCE DIRECTOR

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City of Paris December 2011 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections to date are 15.62% behind last year. This is only a timing issue dealing with when the appraisal district allocates tax collections to the various entities. There is no cause for concern. 2. Sales taxes are down only 0.71% from last year. This amounts to $10,370. 3. Hotel occupancy taxes are up 1.15% from last year. All hotels are current on their occupancy taxes except La Quinta. As of 1-6-12, La Quinta is delinquent for the ist quarter of 2011 but paid the bulk of its obligation for the 2"d quarter of 2011. They are also delinquent for the 3rd quarter of 2011. The 4`h quarter 2011 taxes are not due until 1-31-2012. 4. Franchise fees are up substantially (32.92%) 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 TCAP on behalf of the City also contributed to this increase. 5. Permit fees are up 11.70% compared to last year. 6. Municipal Court fines are 7.17% below last year's collections. 7. Interest & lease payments are up $27,811. It is normal for the flow of interest revenue to vary from year to year. 8. EMS fees are down 9.17%. Run numbers are actually up by 26 year to date, but revenue is determined not only by call volume but by the payer mix and run type (emergency vs. transfer). 9. The mixed beverage tax collection is down 31.66% (only $4,582). 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 up $36,018 from last year. 11. Recreation program fees are up $1,235. 12. Total General Fund revenues are 0.78% below last year. General Fund revenues would be up due to the timing of franchise tax payments from Suddenlink as noted above but this is offset by the timing of property tax payments from the appraisal district also noted above. General Fund revenues to date are 24.58% of the budget while the City is 25.00% through the budget year. 13. Total General Fund expenditures are up 6.70 % compared to last year. General Fund expenditures to date equal 25.21% of budget with the City being 25.00% through the budget yea r. 14. Sewer revenue is up 10.10% compared to last year due to the rate increase approved by the Council last June. 15. Water revenue is down 6.78% compared to last year but is still in line with budget to date numbers. I expect this to turn around with the increased sales of warmer weather if not sooner. 16. Misceltaneous water and sewer revenues are down due to receiving the Corps of Engineers' refund regarding Pat Mayse Lake. 17. Total Water & Sewer revenues are 5.16% below last year and equal 25.01% of budget which is narrowly above the 25.00% budget to date amount. The bulk of the decrease is due to the Pat Mayse refund last year which was a onetime event. 18. Total Water & Sewer expenses are 16.38% above last year at this point in time and represent 16.56% of the total budget (30.49% adjusted for debt) while the City is 25.00% through the budget year. . - 41