Financial Services
Sales Tax Division
215 N. Mason Street – 2nd Floor
PO Box 580Fort Collins, CO 80522-0580
970.221.6780
970.221.6782 - fax
fcgov.com
Sales and Use Tax Collection Report – November 2015
Issued December 10, 2015
This report reflects Sales and Use Tax collected in November 2015 for economic activity that occurred in
October 2015. Please note the sales and use tax collected in November is predominately from October sales
but also includes delinquent collections from prior periods.
NOVEMBER SUMMARY OVER PRIOR YEAR
Month
4.9%
5.1%
5.0%
Sales Tax Collected:
Use Tax Collected Excluding Rebates:
Sales and Use Tax Collected Excluding Rebates:
Year to Date
4.7%
8.4%
5.5%
Year to date, sales and use tax collections excluding rebates are up 5.5% and total $122.7 million.
Figure 1. Budget to Actual - Sales and Use Tax Collected Excluding Rebates
November Sales Tax Budget to Actual. In November 2015, sales tax collected in Fort Collins was $547K
above the amount budgeted. Year to date, the City has collected 3.3% more sales tax revenue than
budgeted, for a net gain of $3.1M.
November Use Tax Budget to Actual Excluding Rebates. In November 2015, use tax collected in Fort
Collins was $2M over the amount budgeted. Year to date, the City has collected 55.9% more use tax
revenue than budgeted for a net gain of $9.6M.
1
Figure 2. Budget to Actual - Sales Tax Collected
Month
January
February
March
April
May
June
July
August
September
October
November
December
Actual
Budget
$ 10,777,679
10,381,210
8,042,956
7,980,116
7,483,269
7,445,418
8,582,575
8,363,483
8,101,546
7,748,078
8,362,131
8,222,244
9,109,648
8,767,030
8,739,328
8,242,421
9,230,768
8,827,561
8,883,744
8,777,119
8,638,329
8,091,091
$ 95,951,973 $ 92,845,771
Over/(Under)
Budget
$
396,469
62,840
37,851
219,092
353,468
139,887
342,618
496,907
403,207
106,625
547,238
$ 3,106,202
%
Year to Date %
Over/(Under)
Year to Date
Annual
Over/(Under)
Budget
Actual
Budget
Annual Budget
3.8% $ 10,777,679 $ 10,381,210
3.8%
0.8%
18,820,635
18,361,326
2.5%
0.5%
26,303,904
25,806,744
1.9%
2.6%
34,886,479
34,170,227
2.1%
4.6%
42,988,025
41,918,305
2.6%
1.7%
51,350,156
50,140,549
2.4%
3.9%
60,459,804
58,907,579
2.6%
6.0%
69,199,132
67,150,000
3.1%
4.6%
78,429,900
75,977,561
3.2%
1.2%
87,313,644
84,754,680
3.0%
6.8%
95,951,973
92,845,771
3.3%
0.0%
100,886,418
0.0%
Figure 3. Budget to Actual – Use Tax Collected
Month
Actual
Budget
January
$ 2,231,751 $ 1,557,709
February
3,363,791
1,557,709
March
1,634,756
1,557,709
April
2,514,622
1,557,709
May
2,070,265
1,557,709
June
2,650,699
1,557,709
July
2,472,955
1,557,709
August
2,565,990
1,557,709
September
1,597,522
1,557,709
October
2,024,314
1,557,709
November
3,589,288
1,557,709
December
Net Collections
26,715,953
17,134,799
YTD Rebates
288,003
0
Total Collections $ 27,003,956 $ 17,134,799
Over/(Under)
Budget
$
674,042
1,806,082
77,047
956,913
512,556
1,092,990
915,246
1,008,281
39,813
466,605
2,031,579
9,581,154
288,003
$ 9,869,157
%
Year to Date %
Over/(Under)
Year to Date
Annual
Over/(Under)
Budget
Actual
Budget
Annual Budget
43.3% $ 2,231,751 $ 1,557,709
43.3%
115.9%
5,595,542
3,115,418
79.6%
4.9%
7,230,298
4,673,127
54.7%
61.4%
9,744,920
6,230,836
56.4%
32.9%
11,815,185
7,788,545
51.7%
70.2%
14,465,884
9,346,254
54.8%
58.8%
16,938,839
10,903,963
55.3%
64.7%
19,504,829
12,461,672
56.5%
2.6%
21,102,351
14,019,381
50.5%
30.0%
23,126,665
15,577,090
48.5%
130.4%
26,715,953
17,134,799
55.9%
0.0%
18,700,000
0.0%
55.9%
57.6%
$ 18,700,000
52.8%
Figure 4. Budget to Actual – Sales and Use Tax Distribution
Fund
Streets and Transportation (.25%)
Building on Basics Projects (.25%)
Natural Areas and Parks (.25%)
Keep Fort Collins Great (.85%)
General Fund (2.25%) (net of rebates)
General Fund Economic Rebates
Total Collections
Over/(Under)
Actual
Budget
Budget
Nov YTD
Nov YTD
Nov YTD
7,471,408
6,584,021
887,387
7,471,408
6,584,021
887,387
7,471,408
6,584,021
887,387
24,463,787
22,385,725
2,078,062
75,789,915
67,842,780
7,947,135
288,003
0
288,003
$ 122,955,929 $ 109,980,568 $ 12,975,361
2
%
Over/(Under)
Budget
13.5%
13.5%
13.5%
9.3%
11.7%
100.0%
Figure 5. Sales and Use Tax Collected
November
Actual
2015
Actual
2014
SALES TAX COLLECTIONS
Grocery, Convenience, Liquor
Restaurants, Caterers and Bars
General Merchandise
Vehicle Sales, Parts and Repairs
Building Materials, Garden Equipment & Supplies
Sporting, Hobby, Book, Music
Broadcasting and Telecommunications
Electronics and Appliances
Miscellaneous Retailers
Utilities
Clothing and Accessories
Pharmacy, Salon and Laundry
Other
Rental and Leasing Services
Furniture and Home Furnishings
Wholesale Trade
Lodging
Manufacturing
TOTAL SALES TAX
USE TAX COLLECTIONS
Building Permits
Car Tax
Return Tax
TOTAL USE TAX
Less Economic Rebates
NET USE TAX
SALES & USE TAX COLLECTIONS
Total Sales & Use Tax
Less Economic Rebates
NET SALES & USE TAX
SALES & USE TAX DISTRIBUTION
Streets and Transportation (.25%)
Building on Basics Projects (.25%)
Natural Areas (.25%)
Keep Fort Collins Great (.85%)
General Fund (2.25%)
Less General Fund Economic Rebates
NET SALES & USE TAX
$1,120,876
1,292,637
804,281
703,081
837,425
426,983
381,831
479,722
457,906
314,532
242,179
228,596
140,991
153,548
170,143
129,647
173,853
174,778
8,233,009
$1,186,709
1,374,627
841,930
857,278
705,885
405,730
361,403
481,136
477,322
301,660
269,718
295,420
205,586
190,764
198,348
123,263
213,544
148,006
8,638,329
%
Change
5.9%
6.3%
4.7%
21.9%
-15.7%
-5.0%
-5.4%
0.3%
4.2%
-4.1%
11.4%
29.2%
45.8%
24.2%
16.6%
-4.9%
22.8%
-15.3%
4.9%
Actual
2014
Year to Date
Actual
2015
$12,579,833
13,441,288
10,006,489
7,775,485
7,910,479
4,956,192
3,979,826
5,288,716
4,870,370
4,350,729
2,786,174
2,290,466
2,096,037
1,954,094
2,117,562
1,492,745
1,807,283
1,922,269
91,626,037
$13,342,476
14,533,570
9,406,261
8,092,558
8,076,242
5,300,363
4,068,128
5,726,404
5,129,050
4,240,314
2,736,057
2,929,797
2,302,123
2,110,499
2,275,084
1,841,503
2,006,811
1,834,733
95,951,973
%
Change
6.1%
8.1%
-6.0%
4.1%
2.1%
6.9%
2.2%
8.3%
5.3%
-2.5%
-1.8%
27.9%
9.8%
8.0%
7.4%
23.4%
11.0%
-4.6%
4.7%
1,065,889
579,231
1,771,275
3,416,395
(125)
3,416,270
1,227,436
15.2%
537,813
-7.2%
1,824,881
3.0%
3,590,130
5.1%
(842) 573.6%
3,589,288
5.1%
9,835,071
4,852,100
11,578,991
26,266,162
(1,627,475)
24,638,687
8,198,158
5,079,358
13,726,440
27,003,956
(288,003)
26,715,953
-16.6%
4.7%
18.5%
2.8%
-82.3%
8.4%
11,649,404
(125)
11,649,279
5.0%
12,228,459
(842) 573.6%
12,227,617
5.0%
117,892,199
(1,627,475)
116,264,724
122,955,929
(288,003)
122,667,926
4.3%
-82.3%
5.5%
716,321
744,355
3.9%
7,132,435
7,471,408
716,321
744,355
3.9%
7,132,435
7,471,408
716,321
744,355
3.9%
7,132,435
7,471,408
2,319,401
2,450,349
5.6%
23,612,945
24,463,787
7,181,040
7,545,045
5.1%
72,881,949
76,077,918
(125)
(842) 573.6%
(1,627,475)
(288,003)
$11,649,279 $12,227,617
5.0% $116,264,724 $122,667,926
4.8%
4.8%
4.8%
3.6%
4.4%
-82.3%
5.5%
November Sales Tax Collected. In November 2015, sales tax collected in Fort Collins increased 4.9%
over November 2014. Sales tax collected totaled $8.6 million compared to $8.2 million in 2014.
November Use Tax Collected. The total use tax collected in November was $3.6 million, an increase of
5.1% compared to last November. The estimated use tax collected in November related to economic
incentive agreements was $842 as illustrated on Figure 5. This amount will be rebated in the succeeding
calendar year. The net use tax collections for November totaled $3.6 million for a net 5.1% increase.
Total Sales and Use Tax Collected. Total tax collected of $12.2M was 5.0% higher than last November.
3
Figure 6. November Collections*
*Total collections prior to rebates.
Figure 7. Year to Date Collections *
*Total collections prior to rebates.
4
Figure 8. Net Taxable
$ in millions
November Sales
Actual
2014
Actual
2015
Year to Date
%
Change
Actual
2014
Actual
2015
%
Change
SALES TAX
Grocery, Convenience, Liquor
Restaurants, Caterers and Bars
General Merchandise
Vehicle Sales, Parts and Repairs
Building Materials, Garden Equipment & Supplies
Sporting, Hobby, Book, Music
Broadcasting and Telecommunications
Electronics and Appliances
Miscellaneous Retailers
Utilities
Clothing and Accessories
Pharmacy, Salon and Laundry
Other
Rental and Leasing Services
Furniture and Home Furnishings
Wholesale Trade
Lodging
Manufacturing
$39.4
33.7
23.6
18.3
21.4
11.0
9.9
12.5
11.9
8.2
6.3
6.0
3.7
4.0
4.4
3.5
4.7
4.7
$41.6
35.7
25.1
22.3
18.7
10.6
9.4
12.5
12.0
7.8
7.0
7.7
5.3
5.0
5.2
3.3
5.4
3.9
5.7%
6.0%
6.4%
22.0%
-12.8%
-4.0%
-5.4%
0.3%
1.0%
-4.1%
11.9%
28.8%
44.4%
26.0%
17.7%
-4.5%
14.9%
-15.5%
$445.5
350.1
295.3
202.1
205.0
128.6
102.7
137.3
126.9
113.7
72.1
61.0
55.1
48.4
55.3
42.0
46.5
48.9
$471.4
377.1
274.2
210.0
209.5
137.7
106.1
148.6
134.6
110.0
71.0
77.1
58.5
54.8
59.5
50.6
51.8
48.1
5.8%
7.7%
-7.1%
3.9%
2.2%
7.1%
3.3%
8.2%
6.1%
-3.3%
-1.6%
26.4%
6.3%
13.3%
7.7%
20.6%
11.3%
-1.6%
NET TAXABLE SUBJECT TO SALES TAX
226.9
238.5
5.1%
2,536.4
2,650.7
4.5%
USE TAX
Building Permits
Car Tax
Return Tax
27.7
15.0
46.0
31.9
14.0
47.4
15.2%
-7.2%
3.0%
255.5
126.0
300.8
212.9 -16.6%
131.9
4.7%
356.5 18.5%
NET TAXABLE SUBJECT TO USE TAX
88.7
93.3
5.1%
682.2
701.4
2.8%
$315.6
$331.7
5.1% $3,218.6
$3,352.1
4.1%
TOTAL NET TAXABLE SUBJECT TO SALES & USE TAX
Figure 9. Local Retail Compared to National Retail
% Change from
October 2014
United States
1.6
5.5
1.6
6.2
4.3
2.3
5.2
1.7
Retail Sales Category
Grocery, Convenience, Liquor
Restaurants, Caterers & Bars
General Merchandise
Vehicle Sales, Parts & Repairs
Building Materials, Garden Equipment & Supplies
Clothing & Accessories
Furniture & Home Furnishings
Total
% Change from
October 2014
Fort Collins
5.7
6.0
6.4
22.0
-12.8
11.9
17.7
5.1
At the national level, October 2015 retail sales (as reported on November 13, 2015) increased 1.7%
compared to an increase in Fort Collins’ sales of 5.1%. October 2015 sales are the basis for the City’s
November 2015 sales tax collections and net taxable amounts (which are included in this report).
5
Figure 10. November - Net Taxable Sales Subject to Sales Tax
Figure 11. Year to Date - Net Taxable Sales Subject to Sales Tax
Figure 12. Supplementary Information
Sales Tax in the City’s Downtown Area. The sales tax collected in November for the downtown area
increased 3.3% from the same period in 2014.
Lodging Tax Collections. The City collected $135,985 in lodging taxes in November 2015. This was an
increase of 11.5 % from November 2014.
Sales Tax Licenses. There were 11,147 active sales tax licenses at the end of November.
6