07 FINANCIAL REPORT OCTOBER 2012

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City of Paris October 2012 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 40.61% larger this year than this time last year. This is simply a timing issue of how quickly the appraisal district processes its collections out to the local tax entities. 2. Sales taxes are up 1.98%% over last year. 3. Hotel occupancy taxes are up 9.51% from last year. All hotels are current on their occupancy taxes except La Quinta. As of 11-20-2011, La Quinta is delinquent for part of the 3rd quarter of 2012. They have been contacted, and the hotel management company that is operating the hotel is discussing this issue with the bank that repossessed the hotel earlier this year. 4. Franchise fees are down 33.54% because last year Oncor paid additional franchise fees due the City as directed by the Public Utilities Commission. These franchise fees were a onetime retrospective franchise payment made by Oncor in response to action taken by TCAPP on behalf of the City. 5. Permit fees are up $13,759 or 281.92% compared to last October. 6. Municipal Court fines are down $4,525 or 15.85% below last year's collections. 7. EMS fees are down $47,856 or 19.26%. Primary causes for the drop are fewer runs, no transfers between PRMC campuses, and Medicaid crossovers have been eliminated. 8. No quarterly payment was received in October 2011 for the mixed beverage tax. The payment was received in November. 9. 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. 10. The Water & Sewer transfer is increased per the 2012-13 budget. 11. Total General Fund revenues are 1.50%a below last year. Lower EMS fees and franchise fees are the biggest factors in the drop. General Fund revenues to date are 6.58% of the budget while the City is 8.33% through the budget year. 12. Total General Fund expenditures are up 12.13% compared to last year. General Fund expenditures to date equal 8.35% of budget with the City being 8.33% through the budget year. 13. Sewer revenue is down 2.14% compared to last year-$10,131 14. Water revenue is down 2.23% compared to last year-$17,605. 15. Total Water & Sewer revenues are 2.29% below last year and equal 9.12% of budget which is above the 8.33 budget to date percentage. 16. Total Water & Sewer expenses are 6.04% above last year at this point in time and represent 5.72% of the total budget while the City is 8.33% through the budget year. Departmental Expenditure Summary: At this point the City is one month or 8.33% through the budget year. It is important to remember that expenditures do not occur equally throughout the year. For example, capital expenditures and association memberships are one time expenditures that if made early in the fiscal year can produce a distorted expenditure percentage. Within the General and Water & Sewer Funds there are ten departments whose expenditures are over 8.33% at this time. �/