07-NOVEMBER 2012 FINANCIAL REPORT

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City of Paris November 2012 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 3.25%a less this year than this time last year. This is mostly a timing issue of how quickly the appraisal district processes its collections out to the local tax entities. However, collections on the current tax roll are 8.79% compared to 9.35%a last year. 2. Sales taxes are up 3.13% over last year. 3. Hotel occupancy taxes are up 20.86% from last year. All hotels are current on their occupancy taxes except La Quinta. As of 12-19-2012, 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. This is a new delinquency and not connected to the previous amount owed and paid by La Quinta. 4. Franchise fees are down 21.34% because (1) 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 and (2) Oncor did not make their quarterly payment until December this year. 5. Permit fees are up $10,059 or 53.83% compared to last year. 6. Municipal Court fines are virtually the same as last year's collections. 7. The timing of lease payments and interest amounts vary from year to year making meaningful comparisons difficult. 8. EMS fees are down $64,463 or 15.58%. Primary causes for the drop are fewer runs, no transfers between PRMC campuses, and Medicaid crossovers have been eliminated. 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 2.95% below last year. Lower EMS fees and franchise fees are the biggest factors in the drop. General Fund revenues to date are 13.45% of the budget while the City is 16.66% through the budget year. 12. Total General Fund expenditures are up 18.24% compared to last year. General Fund expenditures to date equal 18.65% of budget with the City being 16.66% through the budget year. 13. Sewer revenue is down 1.34% compared to last year or -$12,426. 14. Water revenue is up 4.15% compared to last year or $58,308. 15. Total Water & Sewer revenues are 2.13% above last year and equal 17.60% of budget which is above the 16.66 budget to date percentage. 16. Total Water & Sewer expenses are 13.65%a above last year at this point in time and represent 12.56% of the total budget while the City is 16.66% through the budget year.