Loading...
HomeMy WebLinkAbout04. Sales Tax Collected Memo, April 2017 MEMORANDUM May 30, 2017 To: Vail Town Council Kathleen Halloran From: Johannah Richards Re: April Sales Tax Vail will collect an estimated $26,800 in additional April sales tax to bring collections up to $1,311,917. April will be up 20.4% or $222,168 from April 2016 and up 21.1% or $228,221 from budget. Current year to date sales tax collections are down 4.2% or $531,198 from 2016 and down 4.6% or $591,864 from budget. Part of the large variance to prior year collections is due to the Easter holiday falling in April for 2017 (Easter was in March for 2016). Combined March and April tax collections are down 7.4% or $392,161 from 2016 and down 7.3% or $386,057 from budget. % Change % Change2017 Budget from fromMonth2006 2007 2008 2009 2010 2011 20122013 2014 2015 2016 BudgetCollectionsVariance 2016 BudgetJanuary2,597,985 2,783,306 2,976,655 2,619,673 2,564,383 2,795,688 2,855,5243,145,620 3,483,245 3,696,798 3,738,824 3,796,877 3,697,865 (99,012) -1.10% -2.61%February2,527,130 2,718,643 3,071,615 2,588,889 2,577,360 2,803,136 2,994,5803,267,351 3,477,419 3,593,947 3,746,055 3,754,773 3,674,777 (79,996) -1.90% -2.13%March2,852,954 2,986,446 3,327,304 2,504,567 2,685,004 3,143,418 3,185,8593,650,157 3,788,185 4,053,961 4,225,921 4,225,870 3,611,592 (614,278)-14.54% -14.54%April1,280,324 1,330,740 1,098,918 1,235,941 1,156,934 1,191,690 1,183,0871,069,186 1,280,641 1,370,929 1,089,749 1,083,696 1,311,917 228,221 20.39% 21.06%Total9,258,393 9,819,135 10,474,492 8,949,070 8,983,681 9,933,932 10,219,050 11,132,314 12,029,490 12,715,635 12,800,549 12,861,215 12,296,151 (565,064) -3.94% -4.39%May449,283 545,874 622,103 516,150 421,925 473,292 487,739 563,602 607,729584,454 654,462 670,927June805,362 953,017 918,061 717,233 873,765 895,951 963,143 1,023,801 1,153,247 1,242,400 1,318,092 1,351,149July1,255,243 1,265,781 1,397,842 1,121,860 1,228,767 1,481,329 1,573,4991,654,161 1,829,102 1,937,989 2,053,773 2,105,358August1,055,614 1,162,746 1,349,795 1,068,391 1,147,352 1,310,471 1,380,7101,507,048 1,674,813 1,702,579 1,849,815 1,896,301September832,549 908,318 834,569 753,754 761,425 889,945 978,037 994,135 1,054,015 1,240,277 1,349,929 1,383,919October614,396 688,519 662,767 581,033 594,362 623,420 644,577 755,133 752,295835,649 906,385 931,126November799,582 747,877 719,109 651,873 701,075 788,430 825,873 947,627 962,344997,100 989,320 996,463December2,771,258 2,821,871 2,652,628 2,553,974 2,963,763 3,184,645 2,973,8263,422,178 3,818,096 3,885,849 3,840,919 3,903,301Total17,841,680 18,913,138 19,631,366 16,913,338 17,676,115 19,581,415 20,046,454 21,999,999 23,881,131 25,141,932 25,763,244 26,099,760Town of VailSales Tax Worksheet Estimate4/30/2017 % Change % Change2017 Budget from fromMonth2006 2007 2008 2009 2010 2011 20122013 2014 2015 2016 BudgetCollectionsVariance 2016 BudgetJanuary2,597,985 2,783,306 2,976,655 2,619,673 2,564,383 2,795,688 2,855,5243,145,620 3,483,245 3,696,798 3,738,824 3,796,877 3,697,865 (99,012) -1.10% -2.61%February2,527,130 2,718,643 3,071,615 2,588,889 2,577,360 2,803,136 2,994,5803,267,351 3,477,419 3,593,947 3,746,055 3,754,773 3,674,777 (79,996) -1.90% -2.13%March2,852,954 2,986,446 3,327,304 2,504,567 2,685,004 3,143,418 3,185,8593,650,157 3,788,185 4,053,961 4,225,921 4,225,870 3,611,592 (614,278)-14.54% -14.54%April1,280,324 1,330,740 1,098,918 1,235,941 1,156,934 1,191,690 1,183,0871,069,186 1,280,641 1,370,929 1,089,749 1,083,696 1,285,117 201,421 17.93% 18.59%Total9,258,393 9,819,135 10,474,492 8,949,070 8,983,681 9,933,932 10,219,050 11,132,314 12,029,490 12,715,635 12,800,549 12,861,215 12,269,351 (591,864) -4.15% -4.60%May449,283 545,874 622,103 516,150 421,925 473,292 487,739 563,602 607,729584,454 654,462 670,927June805,362 953,017 918,061 717,233 873,765 895,951 963,143 1,023,801 1,153,247 1,242,400 1,318,092 1,351,149July1,255,243 1,265,781 1,397,842 1,121,860 1,228,767 1,481,329 1,573,4991,654,161 1,829,102 1,937,989 2,053,773 2,105,358August1,055,614 1,162,746 1,349,795 1,068,391 1,147,352 1,310,471 1,380,7101,507,048 1,674,813 1,702,579 1,849,815 1,896,301September832,549 908,318 834,569 753,754 761,425 889,945 978,037 994,135 1,054,015 1,240,277 1,349,929 1,383,919October614,396 688,519 662,767 581,033 594,362 623,420 644,577 755,133 752,295835,649 906,385 931,126November799,582 747,877 719,109 651,873 701,075 788,430 825,873 947,627 962,344997,100 989,320 996,463December2,771,258 2,821,871 2,652,628 2,553,974 2,963,763 3,184,645 2,973,8263,422,178 3,818,096 3,885,849 3,840,919 3,903,301Total17,841,680 18,913,138 19,631,366 16,913,338 17,676,115 19,581,415 20,046,454 21,999,999 23,881,131 25,141,932 25,763,244 26,099,760Town of VailSales Tax Worksheet4/30/2017