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<br /> <br /> City of Paris <br /> <br /> January 2012 Financial Report Comments <br /> Net to Date Comparison of Revenues: <br /> <br /> 1. The operations and maintenance property tax and related collections to date are 36.46% ahead <br /> of last year. This is only a timing issue dealing with when the appraisal district allocates tax <br /> collections to the various entities. <br /> 2. Sales taxes are down only 0.17% from last year. This amounts to only $3,340. <br /> 3. Hotel occupancy taxes are up 1.73% from last year. All hotels are current on their occupancy <br /> taxes except La Quinta. As of 2-14-12, La Quinta is delinquent for the 15t quarter of 2011 but <br /> paid the bulk of its obligation for the 2nd quarter of 2011. They are also delinquent for the 3rd <br /> and 4thquarter of 2011. Kent and I met with the owner and hotel manager on February 7th. He <br /> <br /> has promised to pay $3,000 per month on the back taxes plus pay any current amount due on <br /> schedule. At that rate it will take approximately 15 months for them to pay the back tax due. <br /> 4. Franchise fees are up substantially (48.79%) because of the timing of (1)Suddenlink's payment <br /> and (2) Oncor payments. Last year, the first Suddenlink quarterly payment was not made until <br /> February. A retrospective franchise payment made by Oncor in accordance with action taken by <br /> TCAP on behalf of the City also contributed to this increase. <br /> 5. Permit fees are up 18.14% compared to last year. <br /> 6. Municipal Court fines are 2.61% below last year's collections. <br /> 7. Interest & lease payments are up $43,222. It is normal for the flow of interest revenue to vary <br /> from year to year. <br /> <br /> 8. EMS fees are down 5.01%. Run numbers are actually down year to date by 57 runs, but revenue <br /> is determined not only by call volume but by the payer mix and run type (emergency vs. <br /> transfer). <br /> 9. The mixed beverage tax collection is down 25.06% (only $7,034). <br /> 10. General Fund miscellaneous fees/revenues are unpredictable in nature and amount but do <br /> occur each year. Variances from one year to the next are not unusual, however, so this line item <br /> is budgeted conservatively each year. These revenues are up 14.81% from last year. <br /> 11. Recreation program fees are up $2,759. <br /> 12. Total General Fund revenues are 19.22% above last year. This increase, as noted above, is due to <br /> <br /> the timing of payments from Suddenlink, Oncor, and the Lamar County Appraisal District. <br /> General Fund revenues to date are 44.20% of the budget while the City is 33.33.00% through <br /> the budget year. <br /> 13. Total General Fund expenditures are up 4.32 % compared to last year. General Fund <br /> expenditures to date equal 32.75% of budget with the City being 33.33% through the budget <br /> year. <br /> 14. Sewer revenue is up 8.76% compared to last year due to the rate increase approved by the <br /> Council last June. <br /> 15. Water revenue is down 8.00% compared to last year but is still close to the budget to date <br /> <br /> numbers. I expect this to turn around with the increased sales of warmer weather. <br /> 16. Miscellaneous water and sewer revenues are down due to receiving the Corps of Engineers' <br /> refund regarding Pat Mayse Lake last year. <br /> 17. Total Water & Sewer revenues are 5.36% below last year and equal 32.67% of budget which is <br /> just below the 33.33% budget to date amount. The bulk of the decrease is due to the Pat Mayse <br /> refund last year which was a onetime event, but water sales are also down. <br /> <br /> <br /> <br /> 33 <br />