07 FINANCIAL REPORT SEPTEMBER 2012

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City of Paris September 2012 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related coilections to date were 1.73% less than last year. Collections on the current tax roll were 97.78% compared to 97.65% last year. Keep in mind that the 0&M portion of the tax rate was less than last year and the taxable value of property was lower. 2. Sales taxes were flat this year exceeding last year's collections by only $1,389. 3. Hotel occupancy taxes are up 11.00% from last year. At the end of September all hotels were current on their occupancy taxes except La Quinta. On August 7`h, Celtic Bank foreclosed on the local La Quinta Inn. The Bank was notified of the hotel tax delinquency, and they paid $45,859.05 in October for all back taxes, penalties, and interest. 4. Franchise fees were up 0.37% for the year. 5. Permit fees were up 30.00% compared to last year. 6. Municipal Court fines were 13.38% above last year's collections. 7. Interest & lease payments were up $28,072 for the year. 8. Copies and fees were down 19.27% or $2,808. 9. Sanitation fees were down 0.62% or $9,279. 10. EMS fees were down 1.55% for the year. Revenue is determined not only by call volume but by the payer mix (cash, private insurance, Medicare, etc.) and run type (emergency vs. transfer). 11. The mixed beverage tax collection was down 25.29% or $14,649. 12. General Fund miscellaneous fees/revenues were down 25.30% or $78,201. These revenues are unpredictable in nature and amount but do occur in some mix each year. Variances from one year to the next are not unusual. 13. Recreation program fees were up $10,548 or 8.86°/a. 14. Total General Fund revenues are 0.32% below last year. General Fund revenues for the year were 98.91%a of the budget. 15. Total General Fund expenditures were up 2.41% compared to last year. General Fund expenditures for the year were 96.93% of budget. 16. Sewer revenue was up 5.20% compared to last year. 17. Water revenue was down 5.36% compared to last year. 18. Miscellaneous water and sewer revenues and interest earned were both down compared to the previous year. 19. Total Water & Sewer revenues were 2.24% below last year. 20. Total Water & Sewer expenses were 10.25% above last year. Departmental Expenditure Summary: At this point the City is twelve months or 100.00% through the budget year. Within the General and Water & Sewer Funds there were five departments whose expenditures exceeded budget for the year. 1. Parks-104.51%. The overage amounts to $47,383 and is primarily due to Hiring Partners contract workers. 2. EMS-102.47%. The overage amounts to $55,487 and is primarily due to fuel and medical supplies. 3. Paris Band-102.72%.The overage amounts to $568 and is due to payment of band members. 4. Water Production-100.73%. The overage amounts to $20,830 and is due to chemical costs. �_ 14