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In situations above where you see a negative net (ex: General Fund, Airport Fund, Municipal Court Security Fee, etc.), <br />this Fund has existing carryover and/or reserve funding available. The Revenue line shows the new revenue raised, <br />while the Expenditure line shows the possible expenditure of both new revenue and reserve and/or carryover. In other <br />cases, a positive net is shown when the City foresees more collection than expense, but these are primarily in Special <br />Funds which have very restricted and narrowly defined expense options. The primary focus of our attention is the <br />Operational Funds which are Funds #1, 3, 10, and 45. General Fund (#1) shows utilizing General Fund Reserve to <br />fund capital requests (one-time expenses). Despite using some of the reserve, the City will still be able to maintain its <br />minimum 4 month reserve balance. It is important that the City utilize its full allowable growth under SB2 to keep up <br />with the rising costs of non -capital expenses. The reserve should only ever be used to fund one -rime purchases while <br />reoccurring expenses are covered through annual revenue. The City must also be careful never to utilize too much of <br />the reserve such that we dip below our minimum 4 month balance. This must be forecasted over an entire year as the <br />reserve fluctuates given revenue does not all come in equal and regular increments, thus there must be an ability to <br />cash flow while maintaining a 4 month balance. The Airport Fund (0) shows utilizing a small portion of reserve to <br />help fund our share of a TxDOT capital project. The Water and Sewer Fund (#10) and Landfill and Sanitation Fund <br />(#45) are our two primary business accounts and those are both balanced (new revenue = expense). It is important to <br />note that the City has not raised its Solid Waste Rates in over a decade, therefore as costs have risen, we have decreased <br />the subsidy to the General Fund (primarily used to help offset street maintenance costs). It is foreseen that in FY24/25, <br />we will have to increase our rates as we will run out of subsidy to turn back to Fund 45. This may be a moot point as <br />the City is currently considering proposals for privatizing its solid waste service which will change these affected <br />accounts. Of final note, it is not critical that non -operational funds be balanced as we can only spend what is in the <br />account and on things that are eligible contractually and/or lawfully. In addition, even if we do not have an amount <br />budgeted, or not enough shown, we can still access the available funds within the non -operational fund when needed. <br />City of Paris Charter — Article V — Section 43(3) <br />"An analysis ofproperty valuations. " <br />Page 17 of 23 <br />1 - 1 <br />2019-2020 <br />2020 2021 <br />2021mZ02 <br />2022-2023 <br />2023-2024 <br />_ <br />Total Taxable Value $16817 47,299.00 <br />$1,732,236,641.00 <br />— <br />j $ 1,794,161,289.00 <br />'$1,876,141,460.00 <br />$2,228,001,573.00 <br />$ 2,423,466,605.00 <br />$2,588,988,526. <br />Percent Difference 3% <br />3% <br />4% <br />5%19% <br />9% <br />7% <br />08 M Tax Rate 0.44248 <br />0.4 3831 <br />0.40868 <br />0.39788 <br />0.37357 <br />0.34377 <br />0.32176 <br />Debt Tax Rate 0.109470.11 <br />364 <br />0.1074 <br />0 .0829 <br />0.080160.09901 <br />0.15606 <br />Total Tax Rate 0.55195 <br />�_— <br />0.55195 <br />0.51608 <br />0.48078 <br />0.45373 <br />0.44278 <br />0.47782 <br />Percent Difference 10% <br />0% <br />6% <br />7% <br />-6% <br />.......,.... -.,...- <br />-2% <br />8% <br />Page 17 of 23 <br />