08-FINANCE DIRECTOR TO SUBMIT MONTHLY STATEMENT OF ALL RECEIPTS AND DISBURSEMENTS

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City of Paris February 2012 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections to date are 1.77% less than last year at this point. Collections on the current tax roll are 93.21% compared to 93.60% last year. Also keep in mind that the 0&M portion of the tax rate is less than last year as is the taxable value of property. 2. Sales taxes are up 0.70% from last year. This amounts to $18,034. 3. Hotel occupancy taxes are up 1.70% from last year. All hotels are current on their occupancy taxes except La Quinta. As of 3-16-12, La Quinta is delinquent for the 1S` quarter of 2011 but paid the bulk of its obligation for the 2"d quarter of 2011. They are also delinquent for the 3`d and 4thquarter of 2011. Kent and I met with the owner and hotel manager on February 7`h. He has promised to pay $3,000 per month on the back taxes plus pay any current amount due on schedule. At that rate it will take approximately 15 months for them to pay the back tax due. La Quinta did make its first $3,000 payment on schedule. 4. Franchise fees are up substantially (43.33%) because of the timing of (1)Suddenlink's payment and (2) Oncor regular payments. Also, 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 23.75% compared to last year. 6. Municipal Court fines are 9.14% above last year's collections. 7. Interest & lease payments are up $37,994. It is normal for the flow of interest revenue to vary from year to year. 8. EMS fees are down 4.37%. Run numbers are actually down year to date by 31 runs. 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 25.06% (only $7,034). 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 7.35% from last year. 11. Recreation program fees are up $2,759. 12. Total General Fund revenues are 2.84% above last year. This increase, as noted above, is due to the timing of payments from Suddenlink and Oncor. General Fund revenues to date are 56.18% of the budget while the City is 41.66% through the budget year. 13. Total General Fund expenditures are up 6.91% compared to last year. General Fund expenditures to date equal 40.56% of budget with the City being 41.66% through the budget year. 14. Sewer revenue is up 8.62% compared to last year due to the rate increase approved by the Council last June. 15. Water revenue is down 8.02% compared to last year but is still close to the budget to date numbers. I expect this to turn around with the increased sales of warmer weather. 16. Miscellaneous water and sewer revenues are down due to receiving the Corps of Engineers' refund regarding Pat Mayse Lake last year. 17. Total Water & Sewer revenues are 5.08% below last year and equal 40.42% of budget which is below the 41.66% budget to date amount. The bulk of the decrease is due to the Pat Mayse refund last year which was a onetime event and decreased water sales. 18. Total Water & Sewer expenses are 16.70% above last year at this point in time and represent 28.20% of the total budget (42.13% adjusted for debt) while the City is 41.66% through the budget year. - - 17