07-FEBRUARY 2013 FINANCIAL REPORT

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City of Paris February 2013 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 2.91% greater this year than this time last year. The collections on the current tax roll received by February 2gtn were 93.85% compared to 93.21% last year. 2. Sales taxes are up 2.69% over last year. 3. Hotel occupancy taxes are up 24.79% from last year. This is due to the collection of taxes delinquent from the prior year. As of March 11`h, Ramada Inn was delinquent for the 4`" quarter of 2012. They have made a partial payment with the balance due the first week of April. 4. Franchise fees are down 11.23% 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 11.22% compared to last year. 6. Municipal Court fines are down 6.58% 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 8.97%. 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. Recreation program fees are up because of earlier collection of softball fees. 12. Total General Fund revenues are 0.23% below last year. Lower EMS fees, franchise fees, and miscellaneous revenues are the biggest factors in the drop. General Fund revenues to date are 55.21% of the budget while the City is 41.66% through the budget year. 13. Total General Fund expenditures are up 5.54% compared to last year. General Fund expenditures to date equal 42.05% of budget with the City being 41.66% through the budget year. 14. Sewer revenue is up 0.19% compared to last year. 15. Water revenue is up 5.13% compared to last year. 16. Total Water & Sewer revenues are 3.22% above last year and equal 40.62% of budget which is below the 41.66% budget to date percentage. 17. Total Water & Sewer expenses are 10.52% above last year at this point in time and represent 31.13%o of the total budget (35.64% adjusted for debt payments) while the City is 41.66% through the budget year. 2l