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City of Paris <br />June 2012 Financial Report Comments <br />Net to Date Comparison of Revenues: <br />1. The operations and maintenance property tax and related collections to date are 1.49% less <br />than last year at this point. Collections on the current tax roll are 96.53% compared to 97.07% <br />last year. 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 down 0.22% from last year. This amounts to only $9,943. <br />3. Hotel occupancy taxes are up 8.14% from last year. All hotels are current on their occupancy <br />taxes except La Quinta. As of 7-13-12, La Quinta is delinquent for the 15t 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 4thquarter 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 five $3,000 payments on schedule. <br />4. Franchise fees are up 3.32%. <br />5. Permit fees are up 48.69% compared to last year. <br />6. Municipal Court fines are 17.10% above last year's collections. <br />7. Interest & lease payments are up $13,024. It is normal for the flow of interest revenue and <br />lease payments to vary from year to year. <br />8. Sanitation fees are down 0.79% or $8,834. <br />9. EMS fees are down 6.41%. Revenue is determined not only by call volume but by the payer mix <br />(cash, private insurance, Medicare, etc.) and run type (emergency vs. transfer). <br />10. The mixed beverage tax collection is down 26.06% (only $11,275). <br />11. 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. The difference to date is primarily due to the refund <br />received from TCAP on previous electrical charges in the amount of $27,468. <br />12. Recreation program fees are up $16,967 due to the late start of activities last year caused by <br />pool repairs necessary before opening to the public. <br />13. Total General Fund revenues are 0.44% below last year. General Fund revenues to date are <br />80.76% of the budget while the City is 75.00% through the budget year. <br />14. Total General Fund expenditures are up 7.49% compared to last year. General Fund <br />expenditures to date equal 73.32% of budget with the City being 75.00% through the budget <br />year. <br />15. Sewer revenue is up 8.23%a compared to last year due to the rate increase approved by the <br />Council last June. <br />16. Water revenue is down 2.91% 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 />17. Miscellaneous water and sewer revenues are down due to receiving the Corps of Engineers' <br />refund regarding Pat Mayse Lake last year. <br />18. Total Water & Sewer revenues are 0.49% below last year and equal 72.40% of budget which is <br />below the 75.00% 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 />_ 20 <br />