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General Fund Highlights for the Month of November 1. Overall Revenue was $4,770,223 or 13% of the annual Budget. 2. Property Tax Revenue is $426,200 or 66.25% less than previous year. Majority of Property Tax Revenue is received during December and January each year. 3. Sales Tax revenue is more than last year by $362,341 or 19.65% with two months of data. Optimistically cautious as sales tax can be volatile and a decrease was anticipated for the 2026 budget. 4n Hotel Occupancy tax revenue has decreased by $99,259 or 27.69% from 2025 fiscal year. Fluctuation in the carrying balance is due to the allocation to the Chamber of Commerce, a hotelier rebate, and a portion that covers the debt issued to pay for the Civic Center. 5. EMS Fees are down $230,935 or 21.18% compared to last year. EMS collections are down due to the fourth ambulance for transfers not in service due to staff shortages. 6. Interest revenue is up by $88,242 or 249.49% from last year due to a timing issue of system entries. The Fed Fund rates decreased 25 basis points at the end of October with an additional 25 basis points reduction in December. One to two more rates cuts are anticipated in 2026 to bring the fed funds rate closer to a "neutral rate" of 3.00% that neither stimulates nor restricts economic growth. As a result, interest revenue is expected to be less in fiscal year 2026 than 2025. 7. The year-to-date expenditures in the General fund are $5,831,293 or 16% of budget for the 2026 fiscal year. In comparison to last year, the overall 2026 fiscal year expenditures have increased by $299,832. Majority of the increase is attributable to the following: ➢ Fiscal year 2026 includes a 2% cost of living adjustment for all full-time positions. ➢ One-time technology infrastructure renewals recorded in November 2025. ➢ One-time sick leave sell back recorded in November 2025.