07 - Financial ReportItem No. 7
TO: City Council
John Godwin, City Manager
FROM: Gene Anderson, Finance Director
SUBJECT: JANUARY 101.8 FINANCIAL REPORT
DATE: February 8, 2018
BACKGROUND: Section 69 (3) of the Paris City Charter requires the Finance Director to
subunit to the City Council through the City Manager a monthly statement of all receipts and
disbursements. The attached report satisfies that requirement.
STATUS, OF ISSUE: This report updates the City Council on the City's financial activities
through the month stated in the subject line,
BUDGET: Not affected by this report,
RECOMMENDATION: Motion to receive the monthly financial report,
City of Paris
January 2018 Financial Report Comments
Net to Date Comparison of Revenues:
L The operations and maintenance property tax and related collections are 7,39% more than this
time last year. Current tax coHections are 81.95% of the tax levy vs. 80,73% last year.
2. Sa6es taxes are up 1.25% from vast year.
1 Hotel occupancy taxes are down 1.28% from last year. Ail hotels are current on their taxes
except for Baymont Inn which is delinquent for the quarter ending 12-31-2017,
4. Franchise fees are up 4.64% compared to last year.
5. Permit fees are up 90.84% from last year. This amounts $36,678.
6. Municipal Court fines and related fees are 3,43% below last year's coIllections.
7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed
beverage tax, and other minor revenues. This revenue is down $320 compared to last year.
8. Sanitation fees are down I5.58%. This was expected with more of these fees going directly to
the Sanitation Fund in this year's budget.
,9. EMS fees are up 6.13% compared to last year,
10. Total General Fund revenues, net of any transfers, are 5.23% above last year. General Fund
revenues equal 47.7'3% of the budget with the City being 33,33% through the budget year.
IL Total General Fund expenditures are down 0,95% compared to last year. General Fund
expenditures to date equaV 30.64% of budget with the City being 33.33% through the budget
year.
12. Sewer revenue is down 0.91% compared to last year.
13, Water revenue is down 3.25% compared to last year.
14. Total Water & Sewer revenues, ignoring transfers, are 1,85% below last year.
15. Total Water & Sewer expenses are 7.86% above last year at this point and represent 23,05% of
the total budget (36.94% adjusted for debt payments) while the City is 33.33% through the
budget year,
Departmental Expenditure Summary:
At this point the City is four months or 33.33% through the budget year. It is important to remember
that expenditures do not occur equally throughout the year. For example, capital expenditures and
association memberships are one time expenditures that if made early in the fiscal year can produce a
distorted expenditure percentage. Within the General, Water & Sewer, and Sanitation Funds there are
five departments whose expenditures are over 33.33%.
L City Council -66.86%, The overage amounts to $27,343. This overage is due to the annual
insurance payment, election related expenses, updating ordinance book, replacing restrooms'
water heater, and building maintenance.
2. Cox Field Airport -36.5,2%,. The overage amounts to $3,761 and is due to the annual insurance
payment.
3. General Expenses -36.75%. The overage amounts to $57,149 and is due to payments nnade to
non -profits and the Health District,
4. Walter Treatment Plant -35.15%. The overage amounts to $57,215 and is due to work on water
storage tanks, pumps, and the purchase of a vehicle.
5. Water Distribution -34.09%. The overage amounts to $ 11,362 and is due to the annual insurance
payment and purchase of trailer and spreader,
General comments to the City Councik
over 99% of all of the City operational activity takes place in the General Fund, the Water &
Sewer Fund, or the Sanitation Fund. The other funds are special purpose funds with limited
activity and usually with legal restrictionsnn what their money can be spent on. For that reason'
I normally only comment on the activity of the General Fund, Water & Sewer Fund, and the
Sanitation Fund. How/ever, if circumstances merited it, p would make comment on activity in one
ofthe other funds.
| try to anticipate questions you might have about the report and comment on those points.
After you receive your packet and review the monthly report, if you have questions about the
repmrt,pJease|ettheManagerknovv(ormneifynucan'1reachiheK4onager)befonetheCound|
meeting if possible in case | have to research the answer to your question, That does not
prevent you from asking the question at the meeting if you wish to make a point, but it does
help prevent questions coming up that | can't answer on the spot and possibly delaying the
Council immaking adecision.
The activity of the Paris Economic Development Corporation is reflected in the monthly report.
This is a result of the City perform�ng the bookkeeping functions for this agency. PED[has its
own managing board.
LM---*
•
'fill
City of Paris Fund! Recan. f
General Fund:
Current
Prior
Net
Report Sort Sequence Report Group Description
Year
Year
To Date
70 Taxes Collected
6,045,96916
5,,629,814,58
416,154.58
71 Sales Tax
2,378,955,93
2,349,571.09
29,384.84
72 Hotel/Motel Tax
314,671,11
318,750.65
-4,079-54
73 Franchise Fees
989,324,20
945,445.96
43,878.24
74 Permits
77,05539
40,377.13
36,678.86
75 Court Fines
74,702,68
77,359-36
-2,656.68
77 Other Revenue
155,122.79
155,443.59
-320.80
78 Sanitation
116,441.81
13,7,937,56
-21,495.75
79 Ems Fees
902,440,06
850,282.64
52,157.42
Total Revenue:
$ 11,054,683.73 $
10,504,982.56 $
549,701.17
Total Expenditures;
$ 7,066,329.29 $
7,133,749.33 $
(67,430.04)
Net To Date:
$ 3,988,364.44 $
3,371,233.23 $
617,131.21
Ems Fees
Sanitation
Other Revenue
Court Fines
Permits
Franchise Fees
Hartel/Motel Tax
Sales Tax
'Faxes Collected
1,VVV,VUU,VLJ 1,uuUU(JU00 3,000,000.00 4,000,000,00 5,000,000.00 6,000,000,00 7,000,000.00
U Prior Year
III Current Year
ExpenditureS Nrd Number
Department
Number
i General Fund
Department Current
Name Month Actual
0 Non -Departmental 000
11 City Council 5,314,50
12 City Manager 29,561.40
13 City Attorney 16,215.49
A Municipal Court 16,638 29
15 City Clerk 8,53093
21 Accounting & Auditing 35,379.46
31 Police 558,067.24
32 Fire 466,393-52
40 Community Developm 22,513.67
41 Engineering 26,971.00
42 Public Works 17,03432
43 Parks, Recreation,& RC 80,798.95
44 Sanitation 0,00
46 Streets & Highways 135,437,08
48 Traffic & Public Lighth 40,903.39
49 Garage 23,305.56
51 Paris -Lamar Co Health 1,878,00
54 Emergency medical Se 217,012,67
61 Cox Field Airport 8,150.76
62 Paris Band 0.00
64 Library 65,634,73
89 General Expenses 79,410.17
90 Debt 0.00
91 Contingency 000
General Fund' $1,855, 154.43
Prior
Month Actual
OM
4,819.67
27,943.46
24,901.84
16,739-69
10,099 79
39,36796
537,192.71
347,00,5.15
-34,187.10
29,12417
16,679,68
60,964.59
2,377.62
132,45418
46,713.58
24,287.04
0.00
204,348.55
6,411.63
Oko
64,11&16
53,882.53
0.00
0,00
$,1,615,2,45.60
Current
Year To Date
0.00
54,517.85
113,855,14
75,411,80
72,427.76
42,528.53
136,61951
2,036,32.0.55
1,550,950.57
110,229.04
107,495.79
68,972.04
141,626,41
229.36
506,312.81
181,917.33
105,7S9.32
1,878,00
859,839.87
42,974.42
5036
242,437.55
613,965.28
0100
0.00
$7,066,319.29
Prior
Year To Date
0.00
40,1,65.45
113,868,03
87,241-05
70,357J4
43,725,77
143,391,77
2,115,420.52
1,477,258M
73,604.92
96,826.45
66,86835
248,328 13
3,885M
599,967.43
172,129.73
101,207.47
80,00
813,227,09
41,524.97
53,23
240,78416
583,83179
0.00
0.00
$7,133,74933
Current Year
Budget
0.00
81,530.00
392,116.00
347,968.00
244,555.00
149,045.00
442,839.00
6,396,659.00
4,916,871.00
333,388.00
505,066,00
231,598,Oo
1,2 34,015.00
0.00
1,579,58100
564,620,00
361,500oo
0.00
2,685,200.00
117,650.00
23,050.00
733,179.00
1,670,615,00
0,00
50,000.00
$23,061,047=
Prior Year
Budget
0.00
76,430.00
376,383,00
378,928.00
2:32,063.00
143,688.00
425,416.00
,5,113,190.00
4,680,012.77
S41,768,00
492,522.00
21.6, 3.37.00
1,120, 3 24.00
0.00
1,569,116.00
583,250.00
342,686.00
0.00
2,693,797.00
106,950.00
23,050.00
694,85000
1,605,333.00
0.00
50,000.00
$22,466,093,.77
Other
Sewer
Water
Water Sewer Fund: Current Prior Net
Revenue Groups Year, Year T^ M +
Water
Sewer
Other
Total Revenue:
Total Expenditures:
Net To Date:
0100 500,000.00 11000,000.00 1,500,000.00 2,000,000,00 2,500,000.0 0 3,000,000.00
Imill Prior Year
IIII Current Year
a V
2,631,969.76
2,720,345.24
-88,375.48
1,908,439.98
1,925,999.99
-17,560.01
190,032,99
173,281.18
16,751.81
4,730,442.73 $
4,819,626.41
(89,183.68)
$ 3,378,419.65 $
�7$1,352,023.08_.L_
3,132,130.02 $
2461,289.63
_ 1,687,496.39 $
(335,473.31)-
0100 500,000.00 11000,000.00 1,500,000.00 2,000,000,00 2,500,000.0 0 3,000,000.00
Imill Prior Year
IIII Current Year
Expenditures Water / Sewer Fund
Fund NxPbP.s 10 Water & Sewer Fund
Department Department Current Year
Prior Year
Current Year
INumbt er Name Month
Month
To Date
80 Warehouse 4,72931
8,1.92.29
35,120.03
81 W & S Billing and Collecting 186,67166
192,840.77
737,095.70
82 Water Production 259,936-63
253,804-14
1,103,380,01.
83 Water Distribution 119,594.97
117,705.1.7
503,981.22
85 Sewer Maintenance 56,842,99
41,092,74
203,100,73
86 Waste Water Treatment 197,262.78
163,381.88
695,774.87
87 Lift Stations 23,646.22
24,864-34
99,967,09
Total Water & Sewer Fund $848,686,96
$791,881,33
$3,378,419.65
Prior Year
To Date
34,76,5.41
709,515.50
996,614.78
500,343.24
179,135,78
706,877,46
104,877.85
$3,132,130.02
Current Year
Suidget
107,284rOO
2,187,749.00
2, 762, 802.00
1,367,033.00
600,11800
2,036,450M
332,142.00
$9,393,578.00
Prior Year
Budget
101,355.00
2,096,039.00
2,433,377.00
1,354,006.00
811,268.00
1,981,465.00
323,520.00
$9,101,030.00
Fund Number
2
Economic Development Fut
Current Year
Prior Year
Net To Date
Revenue
$ 476,905.16
$
350,638.79
$ 126,266,37
Expenditure
$ 132,083.90
$
125,124.94
$ 6,958.96
Subtotal
Net To Date:
344,821.26
$
225,513.85
$ 119,307.41
Fund Number
11
Capital Projects Fund
Current Year
Prior Year
Net To Date,
Revenue
747,087.21
$
2,353.11
$ 744,734.10
Expenditure
371460.93
441,423.03
$, (403,962,10)
Subtotal
Net To Date:
$ 709,626.28
$
(439,069.92)
$ 1,148,696.20
Fund Number
12
WW&SS Rev Bond 2000 Cc
Current Year
Prior Year
Net To Date
Revenue
$
$$
Expenditure
$
$
Subtotal
Net To Date:
Fund Number
13
Equipment Replacement Ft
Current Year
Prior Year
Net To Date
Revenue
5714
193.90
$ (136,76)
Expenditure
$
$
$
Subtotal
Net To Date:
$ 57.14
$
193.90
$ (136.76)
Fund Number
14
CO 2.010 Construction, Fun(
Current Year,
Prior Year
Net To Date
Revenue
$ 196.08
$
400.44
$ (204.36)
Expenditure
-
$
461.50
$ (461.50)
Subtotall
Net To Date:
196.08
$
(61M)
257.14
Fund Number
16
TWDB Loan Fund
Current Year
Prior Year
Net To Date
Revenue
198.65
2,346.52
$ (2,147.87)
Expenditure
$
Subtotal
Net To Date-
. ...... . . . . 198.65
2,346.52
(2,147,87)
Fund Number
17
Library Construction Fund
Current Year,
Prior, Year
Net To Date
Revenue
$
$
$
Expenditure
$
$
Subtotal
Net To Date,:
$
$
Fund Number
is,
W&S Series'97 Const Fund
Current Year
Prior Year
Net To Date
Revenue
$$1
Expenditure
$
$
Subtotal
Net To Date:
$
$
$
Fund Number
19
Water Revenue Const Fund
Current Year
Prior Year
Net To Date
Revenue
$
$$
Expenditure
$
$
Subtotal
Net To Date:
Fund Number
20
Special Revenue Fund
Current Year
Prior Year
Net To Date
Revenue
$
$
$
Expenditure
$
$
Subtotal
Net To Date:
$
$
Fund Number
21
Child Safety Fund
Current Year
Prior Year
Net'To Date
Revenue
$ 9.83
5.10
$ 4.73
Expenditure
$
$
60000
$ (600.00)
Subtotal
Net To Date:
$ 9.83
$
(ST4. 0)
$ 604.73
Fund Number
22
H:ealth Department Fund
Current Year
Prior Year
Net To Date
Revenue
$
$
$
Expenditure
—$
re
$
Subtotal
Net To Date:
$
$
Fund Number
23
PEG Channel Fund
Current Year
Prior Year
Net To Date
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Revenue
$
30,401.09 ._$
14,,423.27 $ 15,977.82
Expenditure
$
- - $
- $
Net To Date:
T$
30,401..09 $
14,423.27 15,977.82
24 Lake Crook Restoration Full Current Year Prior Year Net To Date
Revenue $ 21.43 $ lzio $ 9.33
Expenditure $ - $ - $
Net To Date: $ 21.43 $ 12.10 $ 9.33
25 Grant Fund
Current Year
Prior Year
Net To Date
Revenue
$ 173,480.50 $
206,452.31
$ (32,971.81)
Expenditure
1
345,202.71 $
195,815.77
$ 149,386.94
Net To Date:
$ (171,722.21) $
10,636.54
$ (182,358.75)
26 Criminal Justice Div Grant l Current Year Prior, Year Net To Date
Revenue $
Expenditure $
Net To Date: $ $
27 Water Contract Fundl
Current Year
Prior Year
Net To Date
Revenue
6,321.11
5,163.39
1,157.72
Net To Date:
$ 6,321.11
5,163.39
$ 1,157,72
30 Community DO Block Gran
Current Year
Prior Year
Net To Date
Revenue
$ 110,777.34
$
772.40
$ 110,004.94
Expenditure
$
30,455.05
$ (30,455.05)
Net To Date:
$ 110,777.34
$
(29,682. : 65)
$ 140,459.99
31 Home Buyers Asst 2009 Current Year Prior Year Net To Date
Revenue $ - $ $1
Expenditure $ $
Net To Date: $
Fund Number
32
Owner Occ Rehab #100lo! Current Year
Prior Year
Net'To Date
Revenue
$
$
$
Expenditure
$
$
$
Subtotal
Net To Date:
$
$
Fund Number
33
Municipal Court Tech Fee
Current Year
Prior Year
Net To Date
Revenue
$ 3,009.54
$
3,060.79
$ (51,25)
Expenditure
$ 11,550.85
$
1,313.81
10,237.0,4
Subtotal
Net To Date:
$ (8,541.31)
1,746.98
$ (10,288.29)
Fund Number
34
Municipal Court Security Ft
Current Year
Prior Year
Net To Date,
Revenue
$ 2,421.42
2,384.11
$ 37.31
Expenditure
i
$ 1,8,30.18
1,995.63
Subtotal
Net To Date:
$ 591.24
$
388.48
$ 202.76
Fund Number
35
Municipal Court child Safe
Current Year
Prior Year
Net To Date
Revenue
$ 290.28
$
291.77
$ (1.49),
Expenditure
$ -
$
4,626.00
$ (4,626.00)
Subtotal
Net To Date:
$ 290.28
(4,334M)
4,624.51
Fund Number
36
Municipal Court Time Pay F
Current Year
Prior Year
Net To Date
Revenue
$ 650.51
$
519,98
$ 130.53
Expenditure
1,652.20
$ (1,652.20)
Subtotal
Net To Date:
$ 65a.sY
$
(1,132.22)
$ 1,782.73
Fund Number
37
Police Conf Fds-Gambling
Current Year
Prior Year
Net To Date
Revenue
$ 28.40
$
16.04
12.36
Expenditure
-
$
-
Subtotal
Net To Date:
$ 23A0
$
16.04
$ 12.36
Fund NurnDer
38
Police Judicial Forfeitures
Current Year
Prior Year
Net To Date
Revenue
3,621.88
$
13,424.14
$ (9,802,.26)
Expenditure
$ 1,287.35
$
16,195.77
$ (14,908.42),
Subtotal
Met To Date:
$ 2,334.53
$
(2,771.63)
_
$ 5,106.16
Fund Number
39
Equitable Sharing Forfeltur Current Year
Prior Year
Net To Date
Revenue
392.75
$
511.63
$ (118.88
Expenditure
4,385.02
$
40,803=2=3
Subtotal
Net To Date:
. ... ... (3,992.27)
$
(40 291.60)
�(36,418.,21)
$ 36,299.33
Fund Number
40
UtY of Paris CO'93 Const F
Current Year
Prior Year
Net To Date
Revenue
$
$
$
Expenditure
$
Subtotal
Net To Date:
$
$
$
Fund Number
41
Tax & Rev CO 2000 Const F
Current Year
Prior Year
Net To Date
Revenue
$
$
$
Expenditure
5
$
$
Subtotal
Net To Date:
$
$
$
Fund Number
42
CO Series 2002 Constructi(
Current Year
Prior Year
Net To Date
Revenue
$
$
$
Expenditure
$
$
Subtotal
Net To Date;
$
Fund Number
43
GO Bonds 2013 Constructh
Current Year
Prior Year
Net To Date
Revenue
62,320.23
S
39,348.03
$ 22,972.20
Expenditure
$ 3,583,647.63
$
2,386,043.07
-1,197,604.56
Subtotal
Net To Date-
$ (3,521,327.40)
-
$
(2,346,695 04)
$ (1,174,632.36)
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
45 Land Fill
Current Year
Prior Year
Net To Date
Revenue
$ 3721,586.41
$ 350.,384.73
$ 22,201.68
Expenditure
—$ 312,076.9 - 9
$ 355,328.95
$ (43,25I.,96)
Net To Date:
$ 60,509.42
$ (4,944.22)
65,453.64
so Revenue Bonds Sinking Ful Current, Year Prior Year Net To Date
Revenue = $ 121,040.17 $ - 114,493.41 $ 6,546.76
Expenditure $ - 5
Net To Date; $ 121,040.17 $ 114,493.41 $ 6,546.76
51 Tx&RevCOS 2013 (TWDB) I Current Year Prior Year Net To Date
Revenue $ 60,564.52 $ 64,383.16 $ (3,818.64)
Expenditure $ 9,773.25 $ 9,773.25 $
Net To Date: $ 50,791.27 $ 54,609,91 $
............
52 2012 GO Refunding Bond I Current Year Prior Year Net To Date
Revenue $ -- $ $
Expenditure $ $
Net To Date: $ $ $
53 Tax & Rev CO 2010 I&S Ful
Current Year
Prior Year
Net To Date
Revenue
176,238.84 $
255,129.24
(78,890.40)
Expenditure
$ 176,858.13 $
174.295.63
—2,562,50
Net To Date:
$ (619.29)
80,833.61
(81,452.90)
54 City of Paris CO'93 I&S Fug Current Year Prior Year Net To Date
Revenue
Expenditure
Net To Date: $ $
Fund Number
55
Tax & Rev CO 2000 I&S Ful
Current Year
Prior Year
Net To Date
Revenue
$
$
Expenditure
$
$
Subtotal
Net To Date:
$
Fund Number
5,6
Tax & Rev CO 2.002 I&S Full
Current Year
Prior Year
Net To Date
Revenue
$
$
Expenditure
$
-
$
Subtotal
Net To Date:
$
$
$
Fund Number
57
Contractual Oblig I&S Func
Current Year
Prior Year
Net To Date
Expenditure
$
$
Subtotal
Net To Date:
Fund Number
58
2003 GO Refunding Bonds
Current Year
Prior Year
Net To Date
Revenue
$
$
Expenditure
$
Subtotal
Net To Date:
$
Fund Number
59
2010 GO/W&S Refunding I
Current Year,
Prior Year
Net To Date
Revenue
$ 618,798-93
$
759,497.37
(140,698.44)
Expenditure
467,862-50
$
468,,612.50
(750,00)
Subtotal
Net To Date:
$ 150,936.43
$
290,884.87
$ (139,948A4)
Fund Number
60
Refunding Bonds 2012
Current Year
Prior Year
Net To Date
Revenue
$, 332,682.01
$
3,29,925.72
$ 2,756.29
Expenditure
$ 387,,825.00
$
381,37500
$ 6,4,50.00
Subtolaf
Net To Date:
$
(51,449.28)
$ (3,693.71)
Fund Number
Subtotatl
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
61 Interlocal Coop Agreement Current Year, Prior Year Net To Date
Revenue $ 81,285.36 80,,462.17 $ 823.19
Expenditure $ - $
Net To Date: $ 81,285.36 $ 80,462.17 823.19
62 G 0 Bonds 2013 I&S Fund
Current! Year
Prior Year
Net To Date
Revenue
$ 602,217.88 $
741,785.20
$ (139,567,32)
Expenditure
1,473,987.50 $
1,489,487.50
$ (15,500.00)
Net To Date:
(871,769.62) $
(747,702,30)
$ (124,067.32)
63 CO Bonds - 2016 Current Year Prior Year Net To Date
Revenue 341,767.7'5 $ 22,301.03 319,466,72
Expenditure 514,317,50 $ 514,317.50
Net To Date: $ . (172,549.75) $ 22,301-03 $ (194,850.78)
70 Employees insurance Fund Current Year Prior Year Net To Date
Revenue $
Expenditure
Met To Date: $ $
71 Insurance Claims Fund Current Year Prior Year Net To Date
Revenue $ $ $
Expenditure $
Net To Date:
72 Library Memorial Fund
Current Year
Prior Year
Net To Date
Revenue
$ 697.24
$ 558.15
$ 139.09
Expenditure
142.43
413.12
$ (270.69)
Net To Date:
$ 554,81
145,03
409.,7'8
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
Fund Number
Subtotal
7'3 3 A Love Trust Fund Current Year Prior Year Net To Date
Revenue
Expenditure
Net To Date: $ $
74 3 P Poteet Trust Fund Current Year Prior Year Net To Date
Revenue $
Expenditure $
Net To Date: $ $ $
75 Wilbor Deshong Trust Func
Current Year
Prior Year
Net To Date
Revenue
$
$1
$
Expenditure
T
$
$
Net To Date:
$
$1
$
76 Gibbs Library Fund
Current Year
Prior Year
Net To Date
Revenue
$
Expenditure
$
Net To Date:
$
$
$
77' W B & Kathryn Vaughan, Mo Current Year Prior Year Net To Date
Revenue $ $
Expenditure $ $
Net To Date: $ $
78 Malone'N Love Memorial Fr Current Year Prior Year Net To Date
Revenue $ $
Expenditure $
Net To Date:
Fund Number
79 Library Expendable Fund
Current Year
Prior Year
Net To Date
Revenue
458.07
$
257.03
201,04
Expenditure
Subtotal Net To Date:
$ 458.07
257.03:
$ 201.04
Fund Number
so Library Permanent Fund'
Current Year
Prior Year
Net To Date
Revenue
3.27
1.85
$ 1.42
Expenditure
$
!Subtotal Net To Date:
3.27
$
1.85
1.42