07 - Financial ReportItem No. 7
TO: City Council
John Godwin, City Manager
FROM: Gene Anderson, Finance Director
SUBJECT: SEPTEMBER 2018 FINANCIAL REPORT
DATE: October 30, 2018
BACKGROUND: Section 69 (3) of the Paris City Charter requires the Finance Director to submit
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
September 2018 Financial Report Comments
Net to Date Comparison of Revenues:
1. The operations and maintenance property tax and related collections are 5.99% more than this
time last year. Current tax collections are 98.11% of the tax levy vs. 98.11% last year.
2. Sales taxes are up 1.01% from last year.
3. Hotel occupancy taxes are down 0.48% from last year. All hotels are current on their taxes.
4. Franchise fees are up 1.57% compared to last year.
5. Permit fees are up 27.39% from last year. This amounts $42,557.
6. Municipal Court fines and related fees are 1.22% above last year's collections.
7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed
beverage tax, and other minor revenues. This revenue is up 23.94% compared to last year. The
increase was from increased interest earnings and the reimbursement of airport expenses by
the State.
8. Sanitation fees are down 15.91%. This was expected with more of these fees going directly to
the Sanitation Fund in this year's budget.
9. EMS fees are up 4.71% compared to last year.
10. Total General Fund revenues, net of any transfers, are 1.65% above last year. General Fund
revenues equal 102.11% of the budget with the City being 100.00% through the budget year.
11. Total General Fund expenditures are up 1.17% compared to last year. General Fund
expenditures to date equal 97.71% of budget with the City being 100.00% through the budget
year.
12. Sewer revenue is up 0.66% compared to last year.
13. Water revenue is down 8.10% compared to last year. This is due to the adjustment made for the
overcharge to LCWS. Otherwise revenue would be down 0.76% for the year.
14. Total Water & Sewer revenues, ignoring transfers, are 4.23% below last year.
15. Total Water & Sewer expenses are 6.19% above last year at this point and represent 73.02% of
the total budget (98.38% adjusted for debt payments) while the City is 100.00% through the
budget year.
Departmental Expenditure Summary:
At this point the City is 12 months or 100% 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 onetime 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
two departments whose expenditures are over 100% of budget.
1. Water Distribution -102.05%. The overage amounts to $30,313 and is due to service line
replacement expenses.
2. Waste Water Treatment -100.87%. The overage amounts to $22,219 and is due to sludge
removal and plant repairs.
General comments to the City Council:
1. 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 restrictions on 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. However, if circumstances merited it, I would make comment on activity in one
of the other funds.
2. 1 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
report, please let the Manager know (or me if you can't reach the Manager) before the Council
meeting if possible in case I 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 I can't answer on the spot and possibly delaying the
Council in making a decision.
3. The activity of the Paris Economic Development Corporation is reflected in the monthly report.
This is a result of the City performing the bookkeeping functions for this agency. PEDC has its
own managing board.
�r N l0 ri LD M f 0 O
00 O N 01 O M Il N N
N 01 Ln w I, N O M n
f+ L' O^1 � N Ln lk0 01 W O
w r -I Cl)v M Ln LO N
LM L6 cy�
Z N - ri
V? V} in VT V? V? i/? i/T i/?
(D LO ri N N Ln W N N
lD 0) ri O LD 01 N N d_
N r -I -cl, LD N M * Ln ri
Ln w I, LD w w O w r -I
L L O .--' I � D M OLO V1 � 00
O 4 LDLn LD Ln O M 01
a cn ri W LO 111 O O N O
01 N l0 N rq M LO �r LO
LD I"
i4 i? to V? V? V} VT V? V?
-e 00 Ln M 00 OD 01 Ln N
d O1 00 01 LD N Ict O1 LO
Ln O 00 N 01 LD M ri 00
01 w Ln r -I r -I -t Ln w O
C L Ln 01 O ri 01 M Ln LD 01
f0 01 LD V 00 I, -4 00 f, N
L O V O Ln O 01 O qt qr rn
3 } cr M LO M ri M M M n
V N n M N N
C
LL
L
C
u
'L'
Y
O
CL
V
C
N
7
d
N
r-
0
N
V-
0
O.
w
X
N H y (D
d
X O v C N 0
uL LL N CL)'
N y U
H v1 2 L- a u O v1 w
O N N M V Ln n 00 01'.....
n n n n n N n n n
m
Go
O
00
(n
ei
N
N
N
N
W
N
H C O1 X X 'C
01 rl O C w F- O1
C 01 t d O m
0
U
LU O/ u C
O LL 0 F
x
I
to M to O -j W N trl m W m to t o m O m o 00 m O
W ri M M tD O N O M N ri M 00 M M O 00 D1 1p tD N
N 41 to m m m n -N n w tD " ri m LntD o to N N n
N N ri n O M a0 00 m 00 M 00 N 1* m ri a m W
y� 00 tD uY to N -q V NF n m m O m to tD N M n 1p
R tD cr M a n O O Ol Ol O ri D1 d T N ri tD n o0 O
N tD (M Nm O W tD tD tD N" -* M O D1 m .-i n m
L ri m N N r -I 't N tD V1 M N O In V1 M 1p .-i tD tp
O ° t0 'a r -I ti N ri
a`~
d
vi- V). v>• V>• in A^ Ln Vr V). Vr 1.4 irr to V> Vr Vt iR to V). V* Vq
0 0 0 0 0 0 o n 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0
O M 00 M W tO O N rN tD O m n 0 0 0 m
M 00 N O 00 ♦ p1 N kD tD N m m N H LnW pl V1 LnLnM
L CY M Ol O 1p � H O n tll M M r -I N 1p n 01 0 O 00 o0 m
t0 o0 N M y M' O tD N t0 O D1 M N M tD n1 -q N
1-4 M M N --:r
V N lD In V N ri N N M� O N lnD
L
07
.L m
IL
in in in in Vn in 114 in in V} in V> in in in .q in in Vn in Vn
N Ol V n lD V1 00 to u1 u1 O n oo O m w m 00 M O 00
N W W N N 00 N tD tp ;� D1 O to N ri 00 tD '-I N a
v ko v o m m ri r4 oo a-* to m oo oo v to tD o ri o
tD N 00 Ln n V N ri N tD m tD N Vi tp to -t m 00 ri w
y t w ri lrl m t0 M m tD 00 m tD N N m m tD 00 to 00 m
di R Lr a rti n rr' r, ,r1 'm V' F o0 ri D1' cr1' p1 V CT rti L6 0
O 00 00 N N pl M d' O tD N M n .-i O pl fV 00 n
ri M N N ri M N tD m M N N K:Ln M O ri tp n
L F l0 ri ri' M ri
VeL4
V1 iA VI. iA V> -tn to v} V► u? in t4 Vf V? V? V)- VT V?
0 0 o O O o o O o O o 0 0 0 o O o 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
o to 0o ui tri m m r -i oo to 0o to o m o 0 0 0 o m tri o
m ri to to V m tr1 n 00 Z F ri W N o o N N n ri
�' In ri Ol Lr O W tp o0 M O to O to to N N O O N tD
W N n qr cn N ri ri 00 Irl rti a O�F r -j O n rrM O
++ O m -Cl v -:t v n am 0 o m to n 0 tp N to N in o
.a > ri M •m N N a' N tD M A N N V1 to M ri r-1 n n
C l0 ri N M ri
P 3
10 3 m
L U
d
G
d
(7
tq-
41 8
c 3 Df •�
d
a
E 0
t N
aZ_dly° °� �°+ l(a IMM is a°i c
p R UY cc o ° = a' �'a'v K �
c ad 3�d3a;,°iS°� 1a R W a�R
L = L
UIQ -U=° 8c�u;',$��0,��00 R y
�_+ �_ �_ 3 �+ U i E �O ` C L L G7 X i L C �CQ� C
UUUic.iQa°i%(°iWdILfAm F(�LUuIL N(�i
a�-1 rN-1 r�i 14 N m m a V V mV a MV a It LO to ko 0O10 m
v L
E 40y
L E
Z Z
0 79
C y
7 F-
L
M
c
Q.
X
W
Ln 00 a --I
LO M -!
+, of n
Z Qm m v
O
H
N qr M
LO Ln 0)
r� LO a -I
w O Ln
L L N 01 I�
d a I Lrl
rl Ln
I- N V
01 Q) O
n Ln r -I
L M l0 Ln
O) m 00 Lr1 v
L a% N n Ln
U n Ln
G:
0
0
0
H M �t Ln N H (N
N Dl Ql Ln Ln LD 4
LD O r4 r-1 N N N
M M M 0 LD N O
00 00 W m N lD m
Q� N n O 00 H Ln LD rn M I
N N N N'
V). Lnv}�qj)� if�
0 0 0 0 0 0
0 0 0 0 0 0
Ln N lO �* 00 N
Ln H of ri Ln LD
00 n 00 a m rn
L r- LD Ln Ln -I O
d d O4 N O LD O�
G1 N fn' e-1 ry
L 'o
O =
L m
CL
;A to i!} Vi -tn vi in.
0 o m m v m o
N N o1 LD I� N N
M � 1� LD D1 O l0
L LNn L --l1 [t I 00 r -I 2 fMl- 00
10 M 00 I�
d 00 O LO 00 LA M LD'
�+ m O O ri m N
M o Ln oo Ln M
C G N M ri N
U
IPI in in v+ in v? in
0 0 0 0 0 0 0
o O o o O o 0
m 00 to m Ln -4 of
L LD M O O LD m N
�p M 00 00 O m ri pl
�--� 000 M r, N M Ln
ri m ri et 00 Ln a
D 7
i m
3
U
T�
N
L
V
O
rl
N
ad
01
N
01
O
T�
Ii&
vi -
mo p
C
u
d v IL
G1 U O u io N
,1 E. 0 s .0 m �' 3
L O 3 N ~ Vf
Qz v c a co
C _ o A m o
.2 L
m 4!
i,
Y Y
Ln
3333H3$3
O ri N M Ln LD n
00 00 00 00 00 00 00