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City of Paris <br />August 2012 Financia) Report Comments <br />Net to Date Comparison of Revenues: <br />1. The operations and maintenance property tax and related collections to date are 1.73% less <br />than last year at this point. Collections on the current tax roll are 97.78% compared to 97.65% <br />last year. Keep in mind that the O&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 0.14% from last year. This amounts to only $8,120. <br />3. Hotel occupancy taxes are up 3.88% from last year. All hotels are current on their occupancy <br />taxes except La Quinta. On August 7`h, Celtic Bank foreclosed on the local La Quinta Inn. The <br />Bank has been notified of the hotel tax delinquency, and they have been invoiced for a total of <br />$45,859.05 for all back taxes. <br />4. Franchise fees are up 4.08%. <br />5. Permit fees are up 48.07% compared to last year. <br />6. Municipal Court fines are 15.18% above last year's collections. <br />7. Interest & lease payments are up $20,492. It is normal for the flow of interest revenue and <br />lease payments to vary from year to year. <br />8. Copies and fees are down 17.71% or $2,405. <br />9. Sanitation fees are down 0.78% or $10,693. <br />10. EMS fees are down 1.52%. 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 />11. The mixed beverage tax collection is down 25.30% or $14,650. <br />12. 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. <br />13. Recreation program fees are up $16,115. <br />14. Total General Fund revenues are 0.02% below last year. General Fund revenues to date are <br />92.70% of the budget while the City is 91.66% through the budget year. <br />15. Total General Fund expenditures are up 2.52% compared to last year. General Fund <br />expenditures to date equal 89.68% of budget with the City being 91.66% through the budget <br />year. <br />16. Sewer revenue is up 6.20% compared to last year due to the rate increase approved by the <br />Council last June but is only 88.42% of budget. <br />17. Water revenue is down 3.64% compared to last year but at 95.33% of budget, it still exceeds the <br />budget to date number of 91.66%. <br />18. Miscellaneous water and sewer revenues are down due to receiving the Corps of Engineers' <br />refund regarding Pat Mayse Lake last year. <br />19. Total Water & Sewer revenues are 0.87% below last year and equal 92.73% of budget which is <br />above the 91.66% budget to date amount. <br />20. Total Water & Sewer expenses are 9.86% above last year at this point in time and represent <br />61.97%a of the total budget (90.59% adjusted for debt) while the City is 91.66% through the <br />budget year. <br />- ,� � <br />