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City of Paris March 2025 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 3.19% more than what was reported in 2024 ($255,235). Current tax collections this year are 94.84% of the tax levy vs. 95.28% last year. 2. Sales taxes are up 2.33% from last year ($126,143). 3. Hotel occupancy taxes are up 38.65% compared to last year ($180,421). 4. Franchise fees are down 3.85% compared to last year ($66,535). This decrease was spread out among several franchises: Atmos, Oncor, Suddenlink, and the solid waste street use fee. 5. Permit fees are up 4.40% from last year ($18,316). 6. Municipal Court fines and related fees are down 1.67% compared to last year ($2,067). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 16.24% ($68,849). 8. Sanitation fees are up 1065.57%% ($723,352). 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 32.94% compared to last year ($670,363). 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 5.77% ($12,857) compared to last year. 11. Interest revenues are down 23.48% ($122,880). 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% ($49,999.98). This increase was expected and allowed for in the budget. 13. Total General Fund revenues are up 9.58% compared to last year ($1,914,056). The larger increases were in Sanitation fees, EMS fees, property taxes, and sales taxes. General Fund revenues equal 64.44% of the budget with the City being 50.00% through the budget year. 14. Total General Fund expenditures are up 16.85% ($2,283,854) compared to last year. General Fund expenditures to date equal 44.19% of budget with the City being 50.00% through the budget year. 15. Sewer revenue was up 3.27% ($179,877). 16. Water revenue was up 0.33% ($14,360). 17. Other revenue sources are down 48.17% ($338,305). This decrease is due to a reduced amount of sanitation billing fees remaining in the water and sewer fund which collects the fees. Those fees are now going to the general fund to pay for third party trash pickup. 18. Total Water & Sewer revenues, ignoring transfers and adjustments, are 1.37% below last year ($144,066) and represent 46.74% of the total budget. The City is 50.00% through the budget year. 19. Total Water & Sewer expenses are 12.77% above last year ($769,780) at this point and represent 30.78% of the total budget (% adjusted for debt payments.) while the City is 50.01% through the budget year.