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City of Paris February 2023 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 0.18% less than what was reported in 2022. Current tax collections this year are 93.40% of the tax levy vs. 94.54 % last year. 2. Sales taxes are up 12.93% from last year ($509,495). 3. Hotel occupancy taxes are up 5.74% compared to last year ($23,177). 4. Franchise fees are up 11.21% compared to last year ($145,429). This increase is due to a larger Atmos Gas payment. 5. Permit fees are up 49.65% from last year ($67,395). This increase is primarily from new commercial permits. 6. Municipal Court fines and related fees are up compared to last year increasing 26.36% ($25,402). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 62.79% ($195,271). The bulk of this increase comes from increased interest earnings. 8. Sanitation fees are down by 24.08% when compared to 2022 collections ($29,285). This decrease was planned in the current budget. More fees are going to the Sanitation Fund. 9. EMS fees are up 41.55% compared to last year ($491,154). 10. W&S Administration fees are flat compared to last year. This is in accordance with the 2022-23 Budget. 11. Total General Fund revenues are up 8.95% compared to last year. Sales taxes, property taxes, interest earned, and EMS fees account for most of the increase. General Fund revenues equal 63.10% of the budget with the City being 41.66% through the budget year. 12. Total General Fund expenditures are up 8.37% ($857,336) compared to last year. General Fund expenditures to date equal 40.20% of budget with the City being 41.66% through the budget year. 13. Sewer revenue is up 11.48% ($393,360). 14. Water revenue is up 4.68% ($167,264). 15. Other revenue sources are down 9.79% ($25,084). 16. Total Water & Sewer revenues, ignoring transfers and adjustments, are 7.38% above last year and represents 31.64% of the total budget with the City being 41.66% through the budget year. 17. Total Water & Sewer expenses are 8.30% above last year at this point and represent 24.12% of the total budget (46.83% adjusted for debt payments.) while the City is 41.66% through the budget year.