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City of Paris <br />March 2016 Financial Report Comments <br />Net to Date Comparison of Revenues: <br />1. The operations and maintenance property tax and related collections are 9.38% more than this <br />time last year. Current taxes are 95.09% collected vs. 94.03% last year. Delinquent tax <br />collections are also strong this year. <br />2. Sales taxes are down 19.67% from last year. This is due to the onetime state audit adjustment <br />payment received last year in the amount of $872,390. Adjusting for this payment, sales taxes to <br />date are down $8,757. <br />3. Hotel occupancy taxes are down 6.28% from last year. All hotels are current on their taxes. <br />4. Franchise fees are up 1.83 %. <br />5. Permit fees have caught up with last year's amount. <br />6. Municipal Court fines are 4.31% below last year's collections. <br />7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed <br />beverage tax, and other minor revenues. This revenue is down 33.71% due to the timing of <br />interest and lease payments. <br />8. Sanitation fees are down because all residential related fees were moved to the new Land Fill <br />Fund. In total the fees are comparable to last year. <br />9. EMS fees are up 4.90% compared to last year. <br />10. Transfers from the Water & Sewer Fund are up 2.74% in accordance to 2015 -16 Budget. <br />11. Total General Fund revenues are 5.70% below last year. This decrease is primarily due to the <br />sales tax windfall received last year as discussed above. General Fund revenues equal 65.47% of <br />the budget with the City being only 50.00% through the budget year. <br />12. Total General Fund expenditures are up 3.03% compared to last year. General Fund <br />expenditures to date equal 51.78% of budget with the City being 50.00% through the budget <br />year. <br />13. Sewer revenue is up 2.50% compared to last year. <br />14. Water revenue is up 1.01% compared to last year. <br />15. Total Water & Sewer revenues, ignoring transfers, are 2.03% above last year and equals 49.46% <br />of the budget which is just below the 50.00% budget to date percentage. Transfers are ignored <br />for this calculation. <br />16. Total Water & Sewer expenses are 12.47% above last year at this point in time and represent <br />35.27% of the total budget (47.78% adjusted for debt payments) while the City is 50.00% <br />through the budget year. <br />Departmental Expenditure Summary: <br />At this point the City is six months or 50.00% through the budget year. It is important to remember that <br />expenditures do not occur equally throughout the year. For example, capital expenditures and <br />association memberships are one time expenditures that if made early in the fiscal year can produce a <br />