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City of Paris February 2025 Financial Report Comments Net to Date Comparison of Revenues: 1.; The operations and.maintenance property tax and related collections reported are 2.80%,more than -what was reported in 2024 ($220,484). Current tax collections this year are 93.38Wof the tax levy vs. 94.05% last year. 2. Sales taxes are up 2.26% from last year ($105,172). 3. Hotel occupancy taxes are up 41.21% compared to last year ($192,350). 4. Franchise fees are down 5.93% compared to last year ($79,679). This decrease was spread out among several franchises: Atmos, Oncor, Suddenlink, and the solid waste street use fee. 5. Permit fees are down 52.70% from last year ($208,337). Building permit fees for new construction were unusually high last year. 6. Municipal Court fines and related fees are up 1.10% compared to last year ($1,056). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 9.74% ($38,222). 8. Sanitation fees are up 787.32% ($534,468). 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 37.89% compared to last year ($632,911). Our 3rd 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 have picked up. 10. Lamar County EMS contributions are up 5.94% ($11,036) compared to last year. 11. Interest revenues are down 25.08% ($115,553). 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% ($41,666). This increase was expected and allowed for in the budget. 13. Total General Fund revenues are up 7.60% compared to last year ($1,373,797). The larger increases were in Sanitation fee, EMS Fees, property taxes, and sales taxes. General Fund revenues equal 57.26% of the budget with the City being 41.66% through the budget year. 14. Total General Fund expenditures are up 14.20% ($1,619,301) compared to last year. General Fund expenditures to date equal 36.33% of budget with the City being 41.66% through the budget year. 15. Sewer revenue was down 2.17% ($99,533). 16. Water revenue was down 2.88% ($105,290). 17. Other revenue sources are down 19.86% ($77,096). 18. Total Water & Sewer revenues, ignoring transfers and adjustments, are 3.27% below last year ($281,919) and represent 37.59% of the total budget. The City is 41.66% through the budget year. 19. Total Water & Sewer expenses are 5.30% above last year ($268,824) at this point and represent 24.14% of the total budget (43.37% adjusted for debt payments.) while the City is 41.66% through the budget year.