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General Fund Highlights for the Month of March 1. Overall Revenue was $21,808,557 or 61% of the annual Budget. 2. Property Tax Revenue is $8,565,803, 4% more than previous year. Majority of Property Tax Revenue is received between December and February each year. 3. Sales Tax revenue is more than last year by $301,627 or 5%; however, January, February, and March collections were less than last year. Continue to be optimistically cautious as sales tax can be volatile and a decrease was anticipated for the 2026 budget. 4. Hotel Occupancy tax revenue has decreased by $145,816 or 23% 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 $538,442 or 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 $24,148 or 6% from last year. 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 were anticipated in 2026, but due to the Middle East conflict, no rate cuts are expected through the remainder of 2026 which should stabilize interest revenue for fiscal year 2026. 7. The year-to-date expenditures in the General fund are $16,563,090 or 44% of budget for the 2026 fiscal year. In comparison to last year, the overall 2026 fiscal year expenditures have increased by $696,134. 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. ➢ Stipends for EMS, Fire, Public Works, and Dispatch personnel.