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City of Paris <br />May 2012 Financial Report Comments <br />Net to Date Comparison of Revenues: <br />i. The operations and maintenance property tax and related collections to date are 3.2696 less <br />than last year at thts point. Collectians on the current tax roll are 96.5396 compared to 96.5096 <br />last year. Also keep in mind that the 0&M portion of the tax rate is less than last year as is the <br />taxable value of property. <br />2. Sales taxes are up 0.1296 from last year. This amounts to oniy $4,651. <br />3. Hotel occupancy taxes are up 7.2096 from iast year. All hotels are current on their occupancy <br />taxes except la Quinta. As of 6-16-12, La Quinta is delinquent for the i" quarter of 2011 but <br />paid the bulk of its obligation for the 2"d quarter of 2011. They are also delinquent for the 3`a <br />and 4"quarter of 2011. Kent and I met with the owner and hotel manager on February 7'h . He <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. La <br />Quinta has made its first four $3,000 payments on schedule. <br />4. Franchise fees are up 18.4496 because af increased Oncor and Atmos payments. <br />5. Permit fces are up 45.47% compared to last year. <br />6. Municipal Coun fines are 16.99% above last years coilections. <br />7. Interest & lease payments are up $50,897. It is normal for the flow of interest revenue and <br />lease payments to vary from year to year. <br />8. EMS fees are down 6.0296. Revenue is determined not only by cal{ volume but by the payer mix <br />(cash, private insurance, Medicare, etc.) and run rype (emergency vs. transfer). <br />9. The mixed beverage tax collection is down 26.0796 (only $11,275). <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. To date receipts are virtually identical in total with last <br />years revenues. <br />11. Recreation program fees are up $62.20. <br />12. Total General Fund revenues are 1.0096 above last year. General Fund revenues to date are <br />74.1396 of the budget while the City is 65.67% through the budget year. <br />13. Total General Fund expenditures are up 4.62% compared to last year. General Fund <br />expenditures to date equal 63.239'0 of budget with the City being 66.6796 through the budget <br />year. <br />14. Sewer revenue is up 8.49% compared to last year due to the rate increase approved by the <br />Council last June. <br />15. Water revenue is down 3.8696 compared to last year but is still close to the budget to date <br />numbers. This decrease is beginning to turn around with the increased sales from warmer <br />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 1.1496 below last year and equa163.60% of budget which is <br />below the 66.67% budget to date amount. The bulk of the decrease is due to the Pat Mayse <br />refund last year which was a onetime event and decreased water sales. <br />18. Total Water & Sewer expenses are 13.35% above last year at this point in time and represent <br />45.3896 of the total budget 159.39% adjusted for debt) while the City is 66.67% through the <br />budget year. <br />26 <br />