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City of Paris January 2025 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 23.84% less than what was reported in 2024. This large difference is a timing issue between when the Lamar County Appraisal District collects taxes and when they distribute those collections to the entities. Current tax collections this year are 62.96% of the tax levy vs. 86.04% last year. 2. Sales taxes are up 0.97% from last year ($34,489). 3. Hotel occupancy taxes are up 20.47% compared to last year ($112,473). 4. Franchise fees are up 6.54% compared to last year ($68,949). 5. Permit fees are down 53.55% from last year ($164,092). Building permit fees for new construction were unusually high last year. 6. Municipal Court fines and related fees are up 22.67% compared to last year ($9,116). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 21.24% ($55,238). 8. Sanitation fees are up 647.23% ($439,373). This large increase is due to the closing of the Sanitation Fund and redirecting the funding to pay for CARDS services and other sanitation efforts in the general fund. 9. EMS fees are up 52.17% compared to last year ($639,491). Our 3`d party collection agency had issues in the first quarter of last year. Collections were well below what they should have been. The company addressed the issue and collections picked up. 10. Lamar County EMS contributions are up 5.58% ($8,296) compared to last year. 11. Interest revenues are down 28.94% ($116,367). Interest rates have dropped somewhat from their peak, but the timing of interest payments also impacts this revenue. 12. W&S Admin Fees are up 8.33% ($33,333). This increase was expected and allowed for in the budget. 13. Other revenue sources were up 14.46% (43,964). 14. Total General Fund revenues are down 3.92% compared to last year ($598,175). This is due to the slow reporting of property tax revenues. General Fund revenues equal 50.58% of the budget with the City being 33.33% through the budget year. 15. Total General Fund expenditures are up 15.53% ($1,401,659) compared to last year. General Fund expenditures to date equal 29.09% of budget with the City being 33.33% through the budget year. 16. Sewer revenue was up 4.58% ($167,112). 17. Water revenue was up 7.65% ($225,862). 18. Other revenue sources are down 9.27% ($25,435). 19. Total Water & Sewer revenues, ignoring transfers and adjustments, are 5.35% above last year ($367,539) and represent 32.63% of the total budget. 20. Total Water & Sewer expenses are 10.25% above last year ($392,264) at this point and represent 19.09% of the total budget (38.32% adjusted for debt payments.) while the City is 33.33% through the budget year.