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City of Paris March 2023 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 0.58% less than what was reported in 2022. Current tax collections this year are 95.54% of the tax levy vs. 96.14 % last year. 2. Sales taxes are up 10.75% from last year ($506,125). 3. Hotel occupancy taxes are up 8.37% compared to last year ($33,807). 4. Franchise fees are up 8.88% compared to last year ($155,020). This increase is due to a larger Atmos Gas payment. 5. Permit fees are up 41.71% from last year ($64,418). This increase is primarily from new commercial permits. 6. Municipal Court fines and related fees are up compared to last year increasing 22.19% ($27,193). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 22.19% ($27,193). The bulk of this increase comes from increased interest earnings. 8. Sanitation fees are down by 25.09% when compared to 2022 collections ($36,601). This decrease was planned in the current budget. More fees are going to the Sanitation Fund. 9. EMS fees are up 35.96% compared to last year ($517,908). 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 8.35% compared to last year. Sales taxes, property taxes, interest earned, and EMS fees account for most of the increase. General Fund revenues equal 70.45% of the budget with the City being 50.00% through the budget year. 12. Total General Fund expenditures are down 10.90% ($857,336) compared to last year. General Fund expenditures to date equal 47.30% of budget with the City being 50.00% through the budget year. 13. Sewer revenue is up 12.03% ($490,847). 14. Water revenue is up 3.72% ($155,938). 15. Other revenue sources are down 0.97% ($3,014). 16. Total Water & Sewer revenues, ignoring transfers and adjustments, are 7.50% above last year and represents 50.43% of the total budget with the City being 50.00% through the budget year. 17. Total Water & Sewer expenses are 10.48% above last year at this point and represent 30.21% of the total budget (52.91% adjusted for debt payments.) while the City is 50.00% through the budget year.