07-DECEMBER 2012 FINANCIAL REPORT

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City of Paris December 2012 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 18.06% less this year than this time last year. This is a timing issue of how quickly the appraisal district processes its collections out to the local tax entities. The collections on the current tax roll are 26.34% compared to 23.70% last year. 2. Sales taxes are up 2.97% over last year. 3. Hotel occupancy taxes are up 20.86% from last year. All hotels are current on their occupancy taxes! 4. Franchise fees are down 11.72% 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. S. Permit fees are up 13.05%a compared to last year. 6. Municipal Court fines are down 4.14% compared to 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 11.23%. 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. The primary difference at this time was the $100,000 collected last year by the City Attorney on the Eastgate housing project. 10. The Water & Sewer transfer is increased per the 2012-13 budget. 11. Total General Fund revenues are 7.96% below last year. Lower EMS fees, franchise fees, and miscellaneous revenues are the biggest factors in the drop. General Fund revenues to date are 22.29% of the budget while the City is 25.00% through the budget year. 12. Total General Fund expenditures are up 4.46% compared to last year. General Fund expenditures to date equal 25.87% of budget with the City being 25.00% through the budget year. 13. Sewer revenue is down 0.23% compared to last year or -$3,197. 14. Water revenue is up 5.67% compared to last year or $108,968. 15. Total Water & Sewer revenues are 3.24% above last year and equal 25.15% of budget which is above the 25.00 budget to date percentage. 16. Total Water & Sewer expenses are 5.62% above last year at this point in time and represent 17.52% of the total budget (21.68% adjusted for debt payments) while the City is 25.00% through the budget year.