Agenda Packet 06-23 - Laserfiche WebLink

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City of Paris April 2025 Financial Report Comments Net to Date Comparison of Revenues: 1. The operations and maintenance property tax and related collections reported are 3.26% more than what was reported in 2024 ($263,102). Current tax collections this year are 95.57% of the tax levy vs. 95.98% last year. 2. Sales taxes are down 0.033% from last year ($2,075). 3. Hotel occupancy taxes are up 23.36% compared to last year ($183,327). 4. Franchise fees are down 3.23% compared to last year ($61,921). This decrease was spread out among several franchises: Atmos, Oncor, Suddenlink, and the solid waste street use fee. 5. Permit fees are down 6.62% from last year ($31,956). 6. Municipal Court fines and related fees are up 1.17% compared to last year ($1,606). 7. Other revenue includes leases, interest, copy fees, birth & death certificates, library fees, mixed beverage tax, and other minor revenues. This revenue is up 22.98% ($116,535). 8. Sanitation fees are up 385.84% ($741,075). 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 to the general fund. 9. EMS fees are up 31.89% compared to last year ($774,474). 10. Lamar County EMS contributions are down 10.24% ($26,898) compared to last year. This is a timing issue. 11. Interest revenues are down 17.79% ($98,649). 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% ($58,333). This increase was expected and allowed for in the budget. 13. Total General Fund revenues are up 8.62% compared to last year ($1,916,951). The larger increases were in Sanitation fees, EMS fees, and property taxes. General Fund revenues equal 71.09% of the budget with the City being 58.33% through the budget year. 14. Total General Fund expenditures are up 17.71% ($2,758,430) compared to last year. General Fund expenditures to date equal 51.15% of budget with the City being 58.33% through the budget year. 15. Sewer revenue was up 2.47% ($159,252). 16. Water revenue was down 2.62% ($132,604). 17. Other revenue sources are down 25.76% ($159,150). 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 1.09% below last year ($132,502) and represent 54.04% of the total budget. The City is 58.33% through the budget year. 19. Total Water & Sewer expenses are 2.61% below last year ($182,630) at this point and represent 35.11% of the total budget (54.34% adjusted for debt payments.) while the City is 58.33% through the budget year. 20. The Airport Fund revenues are up 14.52% ($71,166) compared to last year. Expenditures are down 1.92% ($11,861) compared to last year. This leaves the airport with a $43,668 operating deficit after