06-APRIL 2013 FINANCIAL REPORT - Laserfiche WebLink

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City of Paris April 2013 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections are 2.90% greater this year than this time last year. The collections on the current tax roll received by March 315` were 95.03% compared to 94.25% last year. 2. Sales taxes are up 2.62% over last year. 3. Hotel occupancy taxes are up 23.07% from last year. This is due to the collection of taxes delinquent from the prior year. As of May 8`h, Ramada Inn was delinquent for the first quarter of 2013. All other hotels are current. 4. Franchise fees in total are down 5.00%. Several factors are affecting this revenue. 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. This year the first two quarterly payments from Atmos were down 23% compared to last year while Oncor payments were down 8% for the same period. 5. Permit fees are down 8.00% compared to last year. Commercial remodeling permits represent the largest decrease in permits issued. 6. Municipal Court fines are down 11.58% 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 4.42%. 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 is the $80,000 collected this year by the City Attorney on the Greenville vs. Syngenta lawsuit and the $85,000 collected on the City of Paris vs. 911 Restoration lawsuit. 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 2.55% above last year. General Fund revenues to date are 68.31% of the budget while the City is 58.33% through the budget year. 13. Total General Fund expenditures are up 4.78% compared to last year. General Fund expenditures to date equal 55.89% of budget with the City being 58.33% through the budget yea r. 14. Sewer revenue is up 2.23% compared to last year. 15. Water revenue is up 3.73% compared to last year. 16. Total Water & Sewer revenues are 2.62% above last year and equal 55.63% of budget which is below the 58.33% budget to date percentage. 17. Total Water & Sewer expenses are 16.41% above last year at this point in time and represent 45.02% of the total budget (48.91% adjusted for debt payments) while the City is 58.33% through the budget year. - -- 14