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 – October 2015
Issued November 10, 2015
This report reflects Sales and Use Tax collected in October 2015 for economic activity that occurred in
September 2015. Please note the sales and use tax collected in October is predominately from September
sales but also includes delinquent collections from prior periods.
OCTOBER SUMMARY OVER PRIOR YEAR
Month
-3.0%
-42.6%
-14.0%
Sales Tax Collected:
Use Tax Collected Excluding Rebates:
Sales and Use Tax Collected Excluding Rebates:
Year to Date
4.7%
9.0%
5.6%
Year to date, sales and use tax collections excluding rebates are up 5.6% and total $110.4 million.
Figure 1. Budget to Actual - Sales and Use Tax Collected Excluding Rebates
October Sales Tax Budget to Actual. In October 2015, sales tax collected in Fort Collins was $107K
above the amount budgeted. Year to date, the City has collected 3.0% more sales tax revenue than
budgeted, for a net gain of $2.6M.
October Use Tax Budget to Actual Excluding Rebates. In October 2015, use tax collected in Fort Collins
was $467K over the amount budgeted. Year to date, the City has collected 48.5% more use tax revenue
than budgeted for a net gain of $7.5M.
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
$ 87,313,644 $ 84,754,680
Over/(Under)
Budget
$
396,469
62,840
37,851
219,092
353,468
139,887
342,618
496,907
403,207
106,625
$ 2,558,964
%
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%
0.0%
92,845,771
0.0%
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
December
Net Collections
23,126,665
15,577,090
YTD Rebates
287,161
0
Total Collections $ 23,413,826 $ 15,577,090
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
7,549,575
287,161
$ 7,836,736
%
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%
0.0%
17,134,799
0.0%
0.0%
18,700,000
0.0%
48.5%
50.3%
$ 18,700,000
41.9%
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
Oct YTD
Oct YTD
Oct YTD
6,727,053
6,006,065
720,988
6,727,053
6,006,065
720,988
6,727,053
6,006,065
720,988
22,013,438
20,420,672
1,592,766
68,245,712
61,892,899
6,352,813
287,161
0
287,161
$ 110,727,470 $ 100,331,766 $ 10,395,704
2
%
Over/(Under)
Budget
12.0%
12.0%
12.0%
7.8%
10.3%
100.0%
Figure 5. Sales and Use Tax Collected
October
Actual
2015
Actual
2014
SALES TAX COLLECTIONS
Grocery, Convenience, Liquor
$1,164,454
Restaurants, Caterers and Bars
1,294,583
General Merchandise
949,095
Vehicle Sales, Parts and Repairs
800,638
Building Materials, Garden Equipment & Supplies
899,982
Sporting, Hobby, Book, Music
446,468
Broadcasting and Telecommunications
398,941
Electronics and Appliances
523,305
Miscellaneous Retailers
514,132
Utilities
323,514
Clothing and Accessories
281,204
Pharmacy, Salon and Laundry
230,122
Other
254,138
Rental and Leasing Services
200,249
Furniture and Home Furnishings
202,939
Wholesale Trade
142,345
Lodging
185,310
Manufacturing
347,994
TOTAL SALES TAX
9,159,413
USE TAX COLLECTIONS
Building Permits
2,770,991
Car Tax
529,890
Return Tax
1,657,998
TOTAL USE TAX
4,958,879
Less Economic Rebates
(1,432,196)
NET USE TAX
3,526,683
SALES & USE TAX COLLECTIONS
Total Sales & Use Tax
14,118,292
Less Economic Rebates
(1,432,196)
NET SALES & USE TAX
12,686,096
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
$1,221,122
1,338,659
831,820
702,283
749,433
501,720
423,780
525,225
469,339
340,080
240,555
287,634
219,811
204,682
211,390
232,771
209,812
173,628
8,883,744
%
Change
4.9%
3.4%
-12.4%
-12.3%
-16.7%
12.4%
6.2%
0.4%
-8.7%
5.1%
-14.5%
25.0%
-13.5%
2.2%
4.2%
63.5%
13.2%
-50.1%
-3.0%
Actual
2014
Year to Date
Actual
2015
$11,458,957
12,148,651
9,202,208
7,072,404
7,073,054
4,529,209
3,597,995
4,808,994
4,412,464
4,036,197
2,543,995
2,061,870
1,955,046
1,800,546
1,947,419
1,363,098
1,633,430
1,747,491
83,393,028
$12,155,767
13,158,943
8,564,331
7,235,280
7,370,357
4,894,633
3,706,725
5,245,268
4,651,728
3,938,654
2,466,339
2,634,377
2,096,537
1,919,735
2,076,736
1,718,240
1,793,267
1,686,727
87,313,644
%
Change
6.1%
8.3%
-6.9%
2.3%
4.2%
8.1%
3.0%
9.1%
5.4%
-2.4%
-3.1%
27.8%
7.2%
6.6%
6.6%
26.1%
9.8%
-3.5%
4.7%
627,635
438,054
979,366
2,045,055
(20,741)
2,024,314
-77.3%
-17.3%
-40.9%
-58.8%
-98.6%
-42.6%
8,769,182
4,272,869
9,807,716
22,849,767
(1,627,350)
21,222,417
6,970,722
4,541,545
11,901,559
23,413,826
(287,161)
23,126,665
-20.5%
6.3%
21.3%
2.5%
-82.4%
9.0%
10,928,799
(20,741)
10,908,058
-22.6%
-98.6%
-14.0%
106,242,795
(1,627,350)
104,615,445
110,727,470
(287,161)
110,440,309
4.2%
-82.4%
5.6%
-24.8%
6,416,114
6,727,053
-24.8%
6,416,114
6,727,053
-24.8%
6,416,114
6,727,053
-23.5%
21,293,544
22,013,438
-21.6%
65,700,909
68,532,873
-98.6%
(1,627,350)
(287,161)
-14.0% $104,615,445 $110,440,309
4.8%
4.8%
4.8%
3.4%
4.3%
-82.4%
5.6%
873,798
656,740
873,798
656,740
873,798
656,740
2,842,202
2,174,052
8,654,696
6,784,527
(1,432,196)
(20,741)
$12,686,096 $10,908,058
October Sales Tax Collected. In October 2015, sales tax collected in Fort Collins decreased 3% over
October 2014. Sales tax collected totaled $8.9 million compared to $9.2 million in 2014.
October Use Tax Collected. The total use tax collected in September was $2.0 million, a decrease of
58.8% compared to last October. The estimated use tax collected in October related to economic incentive
agreements was $21K as illustrated on Figure 5. This amount will be rebated in the succeeding calendar
year. The net use tax collections for October totaled $2.0 million for a net 42.6% decrease.
Total Sales and Use Tax Collected. Total tax collected of $10.9M was 22.6% lower than last October.
3
Figure 6. September Collections*
*Total collections prior to rebates.
Figure 7. Year to Date Collections *
*Total collections prior to rebates.
4
Figure 8. Net Taxable
$ in millions
October 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
$41.5
33.7
26.6
20.9
23.4
11.7
9.7
13.6
13.3
8.4
7.3
6.1
6.6
5.2
5.3
3.8
4.8
8.4
$43.1
34.9
24.7
18.2
19.5
13.0
11.0
13.8
12.3
8.8
6.2
7.5
5.7
5.3
5.4
5.7
5.4
4.6
4.0%
3.6%
-7.1%
-13.1%
-17.0%
11.2%
13.4%
1.3%
-7.3%
5.1%
-14.9%
23.7%
-13.8%
1.7%
3.1%
51.1%
12.2%
-45.1%
$406.1
316.4
271.7
183.9
183.6
117.6
92.7
124.8
115.0
105.5
65.9
55.0
51.4
44.4
50.9
38.5
41.9
44.2
$429.8
341.4
249.1
187.7
190.8
127.1
96.7
136.1
122.5
102.1
64.0
69.4
53.3
49.8
54.4
47.3
46.4
44.1
5.8%
7.9%
-8.3%
2.1%
3.9%
8.1%
4.3%
9.0%
6.6%
-3.2%
-2.9%
26.2%
3.6%
12.1%
6.8%
22.8%
10.9%
-0.1%
NET TAXABLE SUBJECT TO SALES TAX
250.4
245.3
-2.0%
2,309.5
2,412.2
4.4%
72.0
13.8
43.1
16.3
11.4
25.4
-77.3%
-17.3%
-40.9%
227.8
111.0
254.7
181.1 -20.5%
118.0
6.3%
309.1 21.3%
128.8
53.1
-58.8%
593.5
608.2
2.5%
$379.2
$298.4
-21.3% $2,903.0
$3,020.4
4.0%
USE TAX
Building Permits
Car Tax
Return Tax
NET TAXABLE SUBJECT TO USE TAX
TOTAL NET TAXABLE SUBJECT TO SALES & USE TAX
Figure 9. Local Retail Compared to National Retail
% Change from
September 2014
United States
2.0
7.9
1.5
8.8
3.4
4.7
5.3
2.4
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
September 2014
Fort Collins
4.0
3.6
-7.1
-13.1
-17.0
-14.9
3.1
-2.0
At the national level, September 2015 retail sales (as reported on October 14, 2015) increased 2.4%
compared to the decrease in Fort Collins’ sales of 2.0%. September 2015 sales are the basis for the City’s
October 2015 sales tax collections and net taxable amounts (which are included in this report).
5
Figure 10. September - 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 October for the downtown area
decreased 1.1% from the same period in 2014.
Lodging Tax Collections. The City collected $147,193 in lodging taxes in October 2015. This was an
increase of 16.0 % from October 2014.
Sales Tax Licenses. There were 11,123 active sales tax licenses at the end of October.
6