07-JANUARY 2013 FINANCIAL REPORT

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City of Paris January 2013 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are .08% less this year than this time last year. The collections on the current tax roll received by January 31St were 56.37%a compared to 71.69% last year. There was a February deposit for $1,975,718.84 that consisted of January collections, however, it was received too late to be reported in the January financial statements. This deposit would have raised the collection percentage for taxes to 82.49% for the current levy. 2. Sales taxes are up 1.66% over last year. 3. Hotel occupancy taxes are up 24.70% from last year. As of February 11`h, Ramada Inn was delinquent for the 4th quarter of 2012. 4. Franchise fees are down 20.48% 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. Also, Suddenlink's 4th quarter payment was not made until February this year and was paid in January last year. 5. Permit fees are up 19.59%a compared to last year. 6. Municipal Court fines are down 9.75% 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 13.72%. 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 3.75% below last year. Lower EMS fees, franchise fees, and miscellaneous revenues are the biggest factors in the drop. General Fund revenues to date are 41.91% of the budget while the City is 33.33% through the budget year. 12. Total General Fund expenditures are up 4.73% compared to last year. General Fund expenditures to date equal 33.69% of budget with the City being 33.33% through the budget year. 13. Sewer revenue is up 1.10% compared to last year. 14. Water revenue is up 6.34% compared to last year. 15. Total Water & Sewer revenues are 3.95% above last year and equal 33.07% of budget which is below the 33.33% budget to date percentage. 16. Total Water & Sewer expenses are 13.73% above last year at this point in time and represent 24.92% of the total budget (28.02% adjusted for debt payments) while the City is 33.33% through the budget year. __��. 16