07-FINANCE DIRECTOR'S MONTHLY STATEMENT OF ALL RECEIPTS AND DISBURSEMENTS

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City of Paris April 2012 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections to date are 2.48% less than last year at this point. Collections on the current tax roll are 95.01% compared to 95.72% last year. Also keep in mind that the O&M portion of the tax rate is less than last year as is the taxable value of property. 2. Sales taxes are up 0.51% from last year. This amounts to only $17,633. 3. Hotel occupancy taxes are up 6.97% from last year. All hotels are current on their occupancy taxes except La Quinta. As of 5-17-12, 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 and 4thquarter of 2011. Kent and I met with the owner and hotel manager on February 7th. 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 has made its first three $3,000 payments on schedule. 4. Franchise fees are up 10.42% because of increased Oncor payments. 5. Permit fees are up 44.30% compared to last year. 6. Municipal Court fines are 14.38% above last year's collections. 7. Interest & lease payments are up $44,642. It is normal for the flow of interest revenue and lease payments to vary from year to year. 8. EMS fees are down 4.96%. Revenue is determined not only by call volume but by the payer mix (cash, private insurance, Medicare, etc.) and run type (emergency vs. transfer). 9. The mixed beverage tax collection is down 26.07% (only $11,275). 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. To date receipts are virtually identical in total with last year's revenues. 11. Recreation program fees are down 5.2%. 12. Total General Fund revenues are 0.46% above last year. General Fund revenues to date are 67.61% of the budget while the City is 58.33% through the budget year. 13. Total General Fund expenditures are up 4.45% compared to last year. General Fund expenditures to date equal 54.31% of budget with the City being 58.33% through the budget year. 14. Sewer revenue is up 8.50% compared to last year due to the rate increase approved by the Council last June. 15. Water revenue is down 5.20% 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 2.11% below last year and equal 55.67% of budget which is below the 58.33% 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 8.05% above last year at this point in time and represent 38.63% of the total budget (52.62% adjusted for debt) while the City is 58.33% through the budget year. - 30