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City of Paris Monthly Financial Report - June 2025 Hihwlihts General, -Fund . 1. Overall revenue for the first nine months is $28,796,309 or 85% of the annual budget. 2. The property tax of $8,472,437 or 96% of the budget has been collected. 2025 Property Tax revenue and related collections is higher by $296,121 or 3.6% compared to the first nine months of 2024. 3. Sales Tax revenue is also higher than last year by $78,275 or 9.7% compared to last year. 4. Hotel Occupancy tax revenue has increased by $118,383 or 17% from 2024 fiscal year. 5. EMS Fees are up $688,667or 19% compared to last year. 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 increased. 6. Interest revenue has decreased by $115,136 or 12% compared to last year. Interest rate on Investments and CD'S have dropped from their peak in early 2024. 7. The year-to-date expenditure in the General fund is $24,384,667 or 68% of the budget for the first nine months (75% of fiscal year). However, comparing the first nine months of last year, the overall 2025 fiscal year expenses have increased by $3,805,492. The majority of this increase year over year comes from the following departments salaries and vehicles expenses. Police, Fire, EMS and Community Development Departments: ➢ Police increased by $921,769 or 15.6% over prior year (salaries, benefits and gasoline). ➢ EMS increased by $488,564 or 15.6%. (new ambulance vehicle, salaries, benefits and chemical medicals). ➢ Fire increased by $434,056 or 10.2%. (Salaries, benefits and motor vehicles. ➢ Community Development increased by $201,526 or 49%. (motor vehicles, salaries and benefits). ➢ Finance Department increased by 173,778 or 50.4% (Interim Finance Director, TMRS, Salary & Wages increase) ➢ The cost of outsourcing sanitation activity this fiscal yearincreased expendituresby $1,231,162. The sanitation expenditures are offset by sanitation fee revenue of $1,217,669.