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07-MONTHLY STATEMENTCITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Depattment: Presented By: Agenda Item No.: 03-18-2011 Council Date: Finance Gene Anderson 7. 03-28-2011 RECOMMENDED MOTION: Not an action item. POLICY ISSUE(S): Fiscal oversight. Section 69 (3) of the Paris City Charter requires the Finance Director to submit to the Council through the City Manager a monthly statement of all receipts and disbursements. The attached report meets that requirement. BOARD/COMMISSION RECOMMENDATION: None EXHIBITS: February 2011 Financial Report ACTION: BUDGET INFO: Z Financial Report Z Minute Order Expense $NA F_~ Department Report ❑ Resolution Budgeted Amt. $NA F] Presentation ❑ Ordinance y'I'D Actual $NA ❑ Public Hearing ❑ Other Acct. Name NA Acct. Number NA FISCAL NOTES: None REVIEWED AND APPROVED BY: Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT E Finance ❑ Fire ❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris Revised 2/04/08 - 17 City of Paris February 2011 Financial Report Comments Net to Date Comparison of Revenues: 1. Property tax collections are 4.85% less than this time last year. The collection percentage for the current year equals 93.74% of the tax roll compared to 94.80% last year. Some property tax collections paid in February were not allocated to the taxing entities until March. This sometimes happens sometimes in the heavy payment months. In March 2011, a total of $57,721 was deposited that were actually February payments. This would have dropped the 4.85% figure above to 3.89%. Several major accounts are currently delinquent. 2. Sales taxes are up 4.46% over last year. 3. Hotel occupancy taxes are down less than 1%. As of 3-12-2011, Ramada Inn is delinquent for the quarter ending 9-30-2010 and the quarter ending 12-31-2010. La Quinta owes $709.80 in interest from the 2"d quarter of 2010 plus they are delinquent for the 4th quarter of 2010. 4. Franchise fees are down 4.55% compared to last year. This is a payment timing difference from last year. I expect this to clear up in March. 5. Permit fees are up $11,601 or 44.37%. 6. Municipal Court fines are up 3.09%. 7. Interest & lease payments are down $6,646. It is normal for the flow of interest revenue to vary from year to year. 8. Sanitation fees are up 13.27%. This reflects the rate change approved by the Council last 1uly. 9. EMS fees are up 14.07%. 10. 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 to date is caused by a slightly smaller return of equity payment from the TML insurance pool this year and last year's reimbursement by TxDOT of some airport maintenance costs. 11. Total General Fund revenues are .47%% below last year. General Fund revenues to date are 56.79% of the budget while the City is 41.66% through the budget year. 12. Total General Fund expenditures are down 1.93% compared to last year after five months. General Fund expenditures to date equal 38.65% of budget with the City being 41.66% through the budget year. 13. Sewer revenue is down 6.18% compared to last year due in part to reduced flow and load from Sara Lee. Water revenue is up 9.30% year to date as the City benefited from a dry summer which caused a longer watering season. Miscellaneous water and sewer revenues are up due to the $149,484 refund received from the US Corps of Engineers on Pat Mayse Lake. Total Water & Sewer revenues are 5.80% above last year and equal 42.75% of budget which is above the 41.66% budget to date percentage. Total Water & Sewer expenses are only.63% above last year at this point in time and represent 24.72% of the total budget (38.98% adjusted for debt payments) while the City is 41.66% through the budget year. 13 Departmental Expenditure Summary: At this point the City is one month or 41.66% 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 and Water & Sewer Funds there are four departments whose expenditures are over 41.66% at this time. Stability pay for non-civil service employees is paid once a year in November. This payment early in tFie budget year does cause some distortion in the percentage of expenditures to date. The City pays salaries biweekly resulting in ten months with two pay periods and two months with three pay periods. When the City has a three pay period month early in the year (December 2010), this also causes some distortion in the percentage of expenditures to date. The passage of time will correct this distortion. 1. Police-42.54%. The overage amounts to $46,572 and is primarily due to the three pay periods in December and stability payment in November. 2. EMS-42.73%. The overage amounts to $23,005 and is primarily due to the three pay periods in December, stability pay, and fuel costs. 3. Cox Field-56.90%. The overage amounts to $17,279 and is due to the additional TXDOT match requirement on the airport runway grant. 4. Warehouse-46.54%. The overage amounts to $6,096 and is due to the purchase of a pickup for that department. General comments to the City Council: 1. Over 99% of all of the City operational activity takes place in the General Fund or the Water and Sewer 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 and Water & Sewer Fund. However, if it were needed, I would make comment on activity in one of the other funds. 2. I 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 Health Department and Paris Economic Development Corporation is reflected in the monthly report. This is a result of the City performing the bookkeeping functions for both of these groups. Both groups have their own managing board. 19 Year to Date Comparison February, 2011 Current Previous Net to Year Year Date General Fund 02 558 738 5 477.82 031 6 (292,919.80) ted ll C . , , , , ec o Taxes 2,544,463.58 2,435,642.42 108,821.16 Sales Tax l T 206,874.32 208,042.05 (1,167.73) ax Hotel-Mote es F hi 1,087,711.18 1,139,643.87 (51,932.69) e se Franc it 37,746.65 26,145.12 11,601.53 s Perm 160,627.75 155,802.52 4,825.23 Court Fines rest t & I 69,548.25 76,194.83 (6,646.58) e n Leases 58 098 6 5,917.00 181.58 ies & C . , op Fees 03 588 615 543,445.99 72,142.04 Fees i i . , on tat San F 1,036,872.29 908,953.14 127,919.15 ees EMS Tax 28,071.00 27,938.24 132.76 Mixed Beverage 22 202 142 172,563.64 (30,361.42) us Fees ll . , aneo Misce 00 500 312 500.00 312 - wer Transfer & S . , , e Water 45 536 8 7,843.55 692.90 rams Pro ti . , g on Recrea General Fund Total Revenues 11,995,398.32 12,052,110.19 17 450 (56,711.87) 30) 336 (160 General Fund Total Expenditures 8,145,113.87 . 8,305, . , te D t 3,850,284.45 3,746,660.02 103,624.43 a o Net PEDC Fund 508,892.70 487,128.47 21,764.23 Sales Tax 18 423 2 815.24 6 (4,392.06) d E . , , arne Interest 02 067 171 190,000.00 (18,932.98) ments P L . , ay oan PEDC Fund Total Revenues 682,382.90 683,943.71 (1,560.81) enditures d Total Ex DC F 288,354.54 793,283.14 (504,928.60) p un PE 79 367 Date t t N 394,028.36 (109,339.43) . 503, o e Water & Sewer Fund 2,043,388.06 2,178,204.47 (134,816.41; Sewer t W 3,341,121.16 3,056,648.19 284,472.97 er a t Earned 32,464.19 20,248.87 12,215.32 Interes 80 721 341 187,891.90 153,829.90 llaneous Mi . , sce W&S Fund Total Revenues 5,758,695.21 5,442,993.43 315,701.78 W&5 Fund Total Expenditures 3,234,469.94 3,214,182.17 20,287•77 2,524,225.27 2,228,811.26 295,414.01 Net to Date Page 1 3/8/2011 Comparison Report 90 Year to Date Comparison February, 2011 9 a Um Current Year Previous Year Net to Date Capital Projects Fund Interest Earned 743.68 4,185.47 (3,441.79) Auction Proceeds Capital Projects Fund Revenues Capital Projects Fund Expenditures 743.68 67,979.26 4,185.47 888,166.77 (3,441.79) (820,187.51) Net to Date (67,235.58) (883,981.30) 816,745.72 WW&SS Rev Bond 2000 Construction Interest Earned 1,218.23 41434.57 (3,216.34) WW&SS Rev Bond 2000 Const Revenues 1,218.23 4,434.57 (3,216.34) WW&SS Rev Bond 2000 Const Fund Expenditures - - Net to Date 1,218.23 4,434.57 (3,216.34) Equipment Replacement Fund Interest Earned 6,268.00 31,677.94 (25,409.94) Auction Proceeds - Equipment Replacement Fund Revenues 6,268.00 31,677.94 (25,409.94) Equipment Replacement Fund Expenditures Net to Date 93,400.00 (87,132.00) - 31,677.94 93,400.00 (118,809.94) CO 2010 Construction Fund Interest Earned 6,434.14 - 6,434.14 Repayments From Other Funds - - CO 2010 Construction Fund Revenues 6,434.14 - 6,434.14 CO 2010 Construction Fund Expenditures 489,162.23 403,300.00 85,862.23 Net to Date (482,728.09) (403,300.00) (79,428.09) Special Funds Special Funds Interest Earned 0.82 17,065.78 142.78 (17,065.78) (141.96) Special Revenue Funds Revenue Special Revenue Funds Expenditures 0.82 17,208.56 25,517.16 (17,207.74) (25,517.16) Net to Date 0.82 (8,308.60) 8,309.42 Child Safety Fund Interest Earned 56.63 37.47 19.16 Donations - 30.00 (30.00) Child Safety Fund Revenues Child Safety Fund Expenditures 56.63 - 67.47 10,259.18 (10.84) (10,259.18) Net to Date 56.63 (10,191.71) 10,248.34 Comparison Report Page 2 3/8/2011 91 Year to Date Comparison February, 2011 inmlb Current Year Previous Year Net to Date Health Department Interest Earned - Fees & Grants 350,923.34 392,946.40 (42,023.06) Health Department Fund Revenues 350,923.34 392,946.40 (42,023.06) Health Department Fund Expenditures 373,923.15 390,885.79 (16,962.64) Net to Date (22,999.81) 2,060.61 (25,060.42) Grant Fund Grants 783,957.40 318,031.66 465,925.74 Interest Earned 52.10 17.00 35.10 Grant Fund Revenues 784,009.50 318,048.66 465,960.84 Grant Fund Expenditures 493,685.12 2,355,331.00 (1,861,645.88) Net to Date 290,324.38 (2,037,282.34) 2,327,606.72 Water Contract Fund Interest Earned 7,702.13 9,097.52 (1,395.39) Deposits Billed (50.00) (340.50) 290.50 Water Contract Fund Revenue 7,652.13 8,757.02 (1,104.89) Water Contract Fund Expenditures Net to Date 7,652.13 8,757.02 (1,104.89) Community Development Block Grant Interest Earned and Fees 2,294.71 1,725.55 736.03 Grants Community Dvl Block Grant Fd Revenues 2,294.71 1,725.55 736.03 Community Dvl Block Grant Fd Expenditures 1,350.00 1,450.00 (100.00) Net to Date 944.71 275.55 836.03 Home Buyers Assistance 2009 Grants - 60,000.00 (60,000.00) Home Buyers Assistance 2009 Revenues - 60,000.00 (60,000.00) Home Buyers Assistance 2009 Expenditures 20,000.00 40,000.00 (20,000.00) Net to Date (20,000.00) (20,000.00) - Texas Department of Community Affairs Interest Earned - OCC Payments 5,098.00 1,500.00 3,598.00 TX Dept of Community Affairs Revenues 5,098.00 1,500.00 3,598.00 TX Dept of community Affairs Expenditures 1,253.00 1,500.00 (247.00) Net to Date 3,845.00 - 3,845.00 Comparison Report Page~ ~ 3/8/2011 ~ Year to Date Comparison 1. February, 2011 Current Year Previous Year Net to Date Municipal Court Tech Fee Municipal Court Tech Fee 5,392.62 5,392.62 Interest Earned 121.91 121.91 Municipal Court Tech Fee Revenue 5,514.53 5,514.53 Municipal Court Tech Fee Expenditures 2,464.00 - Net to Date 3,050.53 3,050.53 Municipal Court Security Fee Court Security Fee 4,044.40 4,044.40 Interest Earned 178.40 178.40 Municipal Court Security Fee Revenues 4,222.80 4,222.80 Municipal Court Security Fee Expenditures 3,104.17 - Net to Date 1,118.63 1,118.63 Municipal Court Child Safety Fee Child Safety Fee 371.76 371.76 Interest Earned 48.77 48.77 Municipal Court Child Safety Fee Revenues 420.53 420.53 Municipal Court Child Safety Fee Expenditures - - Net to Date 420.53 (420.53) Municipal Court Time Pay Fee Time Payment Fee 920.04 920.04 Interest Earned 15.72 15.72 Municipal Court Time Pay Fee Revenues 935.76 935.76 Municipal Court Time Pay Fee Expenditures - - Net to Date 935.76 935.76 Police Conf Fds-Gambling Interest Earned 13.69 13.69 Police Conf Fds-Gambling Revenue 13.69 13.69 Police Conf Fds-Gambling Expenditures - - Net to Date 13.69 13.69 Judicial Fofreiture Fee Judicial Forfeiture Fee 3,501.90 3,501.90 Interest Earned 26.59 26.59 Police Judicial Forfeiture 3,528.49 3,528.49 Police Judicial Forfeiture Expenditures 10,636.04 - 10,636.04 Net to Date (7,107.55) (7,107.55) Comparison Report Page 4 3/8/2011 23 Year to Date Comparison 7. February, 2011 Current Year Previous Year Net to Date Tax & Rev CO 2000 Const Fund Interest Earned 132.56 169.87 (37.31) Tax & Rev CO 2000 Const Fund Revenues 132.56 169.87 (37.31) Tax & Rev CO 2000 Const Fund Expenditures Net to Date 132.56 169.87 (37.31) CO Series 2002 Construction Fd Interest Earned 3.96 3.57 0.39 CO Series 2002 Construction Fd Revenues 3.96 3.57 0.39 CO Series 2002 Construction Fd Expenditures Net to Date 3.96 3.57 0.39 Revenue Bonds Sinking Funds Transfer to GO Refunding 2003 75,000.00 (75,000.00) Interest Earned 24,137.20 28,152.17 (4,014.97) Revenue Bonds Sinking Funds Revenues 24,137.20 103,152.17 (79,014.97) Revenue Bonds Sinking Funds Expenditures 2,757,872.52 (2,757,872.52) Net to Date 24,137.20 (2,654,720.35) 2,678,857.55 Tax & Rev CO 2010 I&S Tx & Rev CO 2010 I&S 181,907.66 181,907.66 InterestEarned 32.19 - 32.19 2010 GO/W&S Refunding Bonds Revenues 181,939.85 - 181,939.85 2010 GO/W&5 Refunding Bonds Expenditures 77,322.75 77,322.75 Net to Date 104,617.10 - 104,617.10 Tax & Rev CO 2000 I&S Fund Tax & Rev COs 2000 I&S 505,247.55 (505,247.55) Interest Earned 206.81 (206.81) Tax & Rev CO 2000 I&S Fund Revenues - 505,454.36 (505,454.36) Tax & Rev CO 2000 I&S Fund Expenditures 395,724.38 (395,724.38) Net to Date - 109,729.98 (109,729.98) Tax & Rev CO 2002 I&S Fund Tax & Rev COs 2002 I&S 440,980.40 446,908.29 (5,927.89) Interest Earned 528.45 528.45 Tax & Rev CO 2002 I&S Fund Revenues 441,508.85 446,908.29 (5,399.44) Tax & Rev CO 2002 I&S Fund Expenditures 357,336.25 352,436.25 4,900.00 Net to Date 84,172.60 94,472.04 (10,299.44) Comparison Report Page 5 3/8/2011 24 Year to Date Comparison 7 February, 2011 Current Year Previous Year Net to Date 2003 GO Refunding Bonds Cert. Of Oblig. 2003 I&S 349,985.62 395,170.89 (45,185.27) Interest Earned 749.10 196.39 552.71 2003 GO Refunding Bonds Revenues 350,734.72 395,367.28 (44,632.56) 2003 GO Refunding Bonds Expenditures 772,432.50 379,025.00 393,407.50 Net to Date (421,697.78) 16,342.28 (438,040.06) 2010 GO/W&S Refunding Bonds Cert. Of Oblig. 2010 I&S 433,762.28 433,762.28 Interest Earned 846.96 846.96 2010 GO/W&S Refunding Bonds Revenues 434,609.24 - 434,609.24 2010 GO/W&S Refunding Bonds Expenditures 1,865,971.88 - 1,865,971.88 Net to Date (1,431,362.64) - (1,431,362.64) Library Memorial Fund Interest Earned 115.07 99.50 15.57 Memorial Donations 1,236.25 1,697.59 (461.34) Library Memorial Fund Revenues 1,351.32 1,797.09 (445.77) Library Memorial Fund Expenditures 1,164.20 1,793.13 (628.93) Net to Date 187.12 3.96 183.16 Library Expendable Fund Interest Earned 253.00 225.74 27.26 Donations 1,228.77 1,228.77 Library Expendable Fund Revenues 1,481.77 225.74 1,256.03 LibraryExpendable Fund Expenditures - Net to Date 1,481.77 225.74 1,256.03 library Permanent Fund Interest Earned 0.91 0.84 0.07 Donations Library Permanent Fund Revenues 0.91 0.84 0.07 Library Permanent Fund Expenditures Net to Date 0.91 0.84 0.07 Comparison Report Page § r,. 3/8/2011 ~ fc0 CC G 7 H v L 7 ~ ~ C G1 a x W O ~ r O - L M n O o N1 00 t 4 o N ui M a Ol o 00 ~ wD w 0 L v 11 0 ry o 0 o L m n O~ m D ~ V I vi ~ ~ k n D n. m ~ N ~ M oo Ol 1 v ~ m w oo k V c 01 u~ . 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'O c14 00 oi rri e+i Lfi ~ o m o w -i ~ uf M Vm 00 O r» 00 O 14 (N r N M M 'i 'O 1, O) ,:T O M O M O O O O ~ O O O O O O I- O M O O O O P O O O Y y 1~ Oi ~--i p ei O M O O O O O O O O O O u1 O O O O O O N O O O C N O N O m O O O O O O O O O O O O ~ O O O O m O O O ~ u N ~ 1 rM N } y n, a x W Ln tO O O A O o 0 0 0 0 00 O O O 0 0 o m O rn o O O o 0 0 0 0 On 1, M O 1~ O O O O O O M O O O O O O N O w O O O O M O O O O o0 u1 O .-1 O O O O O O t0 O O O O O O m O V O O O O a N N O 1- (7) O 01 U1 t0 M O O ~ V1 LD 1- V1 N M Vf M V M It L y y,i Ql N VI Q1 Vl N f- w 1fl ^ 11 ~I } Q N 00 H IA 1* a V M M M oo rn o a o 0 0 0 0 0 0 0 0 0 0 0 o m o 0 0 0 0 o m o 0 0 00 I~ O O O O O O O O O O O O O O O O N O O O O O O N O O O 00 0 O n O O O O O O O O O O O O O ~ O O O O O O ~ O C O 1~ ~ O Q1 I- N 6 01 06 O i11 M M 0 ~ Q (.1 ~ tp C M ~ C V ~ u tko ~ LL O ' U C N O y C cii 0 ~ cli u N E i a E y tn ~ CL ° a c -C ° N - ~ ~ E 0 v c ° u o o~ - > o f0 q J 'v ~ o ~ ~ ° m n C . 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O O O O Q O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O ~D O O v O O O O O O C O O O C O m O M O O O •--i O O O O O .-i O O O O O O O C O C ~ t d O N O O e-I M O O O O 1, u1 P LA Vl a O v1 00 M O O M M O O O O O O' O O ' Y ~ ~ N 01 N O1 N O rn O' ^ 00 ~ t0 w M ~ I~ t(1 M in M u~ N r, N n m 3 v j p oo M ,.p v vi o v o 0 0 0 0 0 0 -4 ~ o 00 o rn r-~ o rn o 0 0 0 0 0 -i y w w w -1 o m o o o o o o o n n o v o m o, o oo o o 0 0 0 0 0 0 W ~0 ~ u o o o o o o o o ~ o , o ~ o O O O O O O r~ r: v v ~ ~ c ~ m ~ ~ N l > d c a x W O O O O O O O O O O 00 00 u1 a O a V O 1, O O O O O O O O w tO O O O V et O O O O O 1, 1~ cn ~Y O O ta O d' O O O O O O O O N N O O O M M O O O O O r-I ti n O O m N O M O O O O n'1 K1 V ef o0 00 c ~ a v ~ ~ n ~n n in ~o oo a rn m ~ rn v m m ~n m ~n m o ao o 0o ~n c~ Ln e~ n ,-4 N Ln m 0 m o - ` a ° 1O p •-i •-i N N •-i rri e» rri eri 01 u rn m o o ~ . ~ a o m . -i 7 Y Q L.f) IA V ~ N M 1~ v 0 0 o rn m o 0 0 0 o v a 0 1.4 o 0 0 0 w 0 0 O 0 O 0 O o O g o O 0 O 00 a0 00 00 O O O O O O O ~ O 1~ O O O O O O O O O O O V O ~f M ~ Oi N O O O tn O O O O N u1 O O O O O O O Oi T N N C L~ pp pp N N N 0 V N M lD O Lfl O 00 O 00 1"1 N ~4 N cn V1 (n 1A ` C ~ N N 00 00 l i 1 Y V ~ a ^ V ^ ~ kO l0 N l ~0 W 1- C ~ E cu G! 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