Financial Services
Sales Tax Division
nd
215 N. Mason Street – 2 Floor
PO Box 580Fort Collins, CO 80522-0580
970.221.6780
970.221.6782 - fax
fcgov.com
Sales and Use Tax Collection Report – September 2015
Issued October 12, 2015
This report reflects Sales and Use Tax collected in September 2015 for economic activity that occurred in
August 2015. Please note the sales and use tax collected in September is predominately from August sales
but also includes delinquent collections from prior periods.
SEPTEMBER SUMMARY OVER PRIOR YEAR
Month
3.3%
-37.4%
-5.7%
Sales Tax Collected:
Use Tax Collected Excluding Rebates:
Sales and Use Tax Collected Excluding Rebates:
Year to Date
5.7%
19.3%
8.3%
Year to date, sales and use tax collections excluding rebates are up 8.3% and total $99.5 million.
Figure 1. Budget to Actual - Sales and Use Tax Collected Excluding Rebates
September Sales Tax Budget to Actual. In September 2015, sales tax collected in Fort Collins was $403K
above the amount budgeted. Year to date, the City has collected 3.2% more sales tax revenue than
budgeted, for a net gain of $2.5M.
September Use Tax Budget to Actual Excluding Rebates. In September 2015, use tax collected in Fort
Collins was $40K over the amount budgeted. Year to date, the City has collected 50.5% more use tax
revenue than budgeted for a net gain of $7.0M.
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
$ 78,429,900 $ 75,977,561
Over/(Under)
Budget
$
396,469
62,840
37,851
219,092
353,468
139,887
342,618
496,907
403,207
$ 2,452,339
%
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%
0.0%
84,754,680
0.0%
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
November
December
Net Collections
21,102,351
14,019,381
YTD Rebates
266,420
0
Total Collections $ 21,368,771 $ 14,019,381
Over/(Under)
Budget
$
674,042
1,806,082
77,047
956,913
512,556
1,092,990
915,246
1,008,281
39,813
7,082,970
266,420
$ 7,349,390
%
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%
0.0%
15,577,090
0.0%
0.0%
17,134,799
0.0%
0.0%
18,700,000
0.0%
50.5%
52.4%
$ 18,700,000
39.3%
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
Actual
Sept YTD
6,070,313
6,070,313
6,070,313
19,839,386
61,481,926
266,420
$ 99,798,671 $
2
Budget
Sept YTD
5,387,683
5,387,683
5,387,683
18,318,165
55,515,726
0
89,996,939
Over/(Under)
Budget
Se[t YTD
682,630
682,630
682,630
1,521,221
5,966,200
266,420
$ 9,801,732
%
Over/(Under)
Budget
12.7%
12.7%
12.7%
8.3%
10.7%
100.0%
Figure 5. Sales and Use Tax Collected
September
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
$1,221,565
1,341,277
989,413
786,397
783,307
680,761
362,330
448,317
425,113
367,178
252,276
208,485
139,773
147,571
236,980
130,245
222,567
189,303
8,932,858
$1,265,797
1,381,946
941,339
790,324
723,021
688,339
358,720
516,624
432,148
387,742
229,195
278,088
180,176
236,745
255,354
161,241
224,794
179,175
9,230,768
%
Change
Actual
2014
Year to Date
Actual
2015
3.6% $10,294,503 $10,934,645
3.0% 10,854,068 11,820,284
-4.9%
8,253,113
7,732,511
0.5%
6,271,766
6,532,997
-7.7%
6,173,072
6,620,924
1.1%
4,082,741
4,392,913
-1.0%
3,199,054
3,282,945
15.2%
4,285,689
4,720,043
1.7%
3,898,332
4,182,389
5.6%
3,712,683
3,598,574
-9.1%
2,262,791
2,225,784
33.4%
1,831,748
2,346,743
28.9%
1,700,908
1,876,726
60.4%
1,600,297
1,715,053
7.8%
1,744,480
1,865,346
23.8%
1,220,753
1,485,469
1.0%
1,448,120
1,583,455
-5.4%
1,399,497
1,513,099
3.3% 74,233,615 78,429,900
%
Change
6.2%
8.9%
-6.3%
4.2%
7.3%
7.6%
2.6%
10.1%
7.3%
-3.1%
-1.6%
28.1%
10.3%
7.2%
6.9%
21.7%
9.3%
8.1%
5.7%
757,799
551,500
1,242,769
2,552,068
0
2,552,068
468,667
-38.2%
5,998,191
506,088
-8.2%
3,742,979
625,002
-49.7%
8,149,718
1,599,757
-37.3% 17,890,888
(2,235) 100.0%
(195,154)
1,597,522
-37.4% 17,695,734
6,343,087
4,103,491
10,922,193
21,368,771
(266,420)
21,102,351
5.8%
9.6%
34.0%
19.4%
36.5%
19.3%
11,484,926
0
11,484,926
-5.7% 92,124,503
10,830,525
(2,235) 100.0%
(195,154)
10,828,290
-5.7% 91,929,349
99,798,671
(266,420)
99,532,251
8.3%
36.5%
8.3%
696,766
649,228
-6.8%
5,542,316
6,070,313
696,766
649,228
-6.8%
5,542,316
6,070,313
696,766
649,228
-6.8%
5,542,316
6,070,313
2,278,763
2,159,177
-5.2% 18,451,342 19,839,386
7,115,865
6,723,664
-5.5% 57,046,213 61,748,346
0
(2,235) 100.0%
(195,154)
(266,420)
$11,484,926 $10,828,290
-5.7% $91,929,349 $99,532,251
9.5%
9.5%
9.5%
7.5%
8.2%
36.5%
8.3%
September Sales Tax Collected. In September 2015, sales tax collected in Fort Collins increased 3.3%
over September 2014. Sales tax collected totaled $9.2 million compared to $8.9 million in 2014.
September Use Tax Collected. The total use tax collected in September was $1.6 million, a decrease of
37.3% compared to last September. The estimated use tax collected in September related to economic
incentive agreements was $2K as illustrated on Figure 5. This amount will be rebated in the succeeding
calendar year. The net use tax collections for September totaled $1.6 million for a net 37.4% decrease.
Total Sales and Use Tax Collected. Total tax collected of $10.8M was 5.7% lower than last September.
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
September Sales
Year to Date
Actual
Actual
%
Actual
Actual
%
2014
2015
Change
2014
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
$43.1
35.0
30.4
20.5
20.3
17.4
9.4
11.8
10.9
9.5
6.6
6.0
3.6
4.4
6.2
3.5
5.6
3.6
$44.6
35.6
27.6
20.7
18.8
17.9
9.3
13.4
11.4
10.1
5.9
7.4
4.6
6.2
6.7
4.2
5.7
4.7
3.4%
1.8%
-9.1%
1.0%
-7.6%
3.0%
-0.4%
13.6%
4.8%
5.6%
-9.7%
22.7%
28.1%
38.5%
7.7%
22.3%
2.4%
30.0%
$364.6
282.6
245.1
162.9
160.2
105.8
83.0
111.2
101.7
97.1
58.5
48.9
44.9
39.2
45.6
34.7
37.1
35.8
$386.7
306.5
224.4
169.6
171.4
114.1
85.7
122.3
110.2
93.3
57.7
61.9
47.6
44.5
48.9
41.6
41.0
39.5
6.0%
8.4%
-8.4%
4.1%
7.0%
7.8%
3.2%
9.9%
8.4%
-3.9%
-1.4%
26.5%
6.1%
13.5%
7.3%
19.8%
10.7%
10.4%
NET TAXABLE SUBJECT TO SALES TAX
247.6
254.6
2.8%
2,059.1
2,166.9
5.2%
USE TAX
Building Permits
Car Tax
Return Tax
19.7
14.3
32.3
12.2
13.1
16.2
-38.2%
-8.2%
-49.7%
155.8
97.2
211.7
164.8
106.6
283.7
5.7%
9.6%
34.0%
NET TAXABLE SUBJECT TO USE TAX
66.3
41.6
-37.3%
464.7
555.0
19.4%
$313.9
$296.2
-5.6% $2,523.8
$2,721.9
7.9%
TOTAL NET TAXABLE SUBJECT TO SALES & USE TAX
Figure 9. Local Retail Compared to National Retail
% Change from
August 2014
United States
3.3
8.2
1.3
5.7
0.9
3.0
3.7
2.2
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
August 2014
Fort Collins
3.4
1.8
-9.1
1.0
-7.6
-9.7
7.7
2.8
At the national level, August 2015 retail sales (as reported on September 15, 2015) increased 2.2%
compared to the increase in Fort Collins’ sales of 2.8%. August 2015 sales are the basis for the City’s
September 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 September for the downtown area
decreased 5.9% from the same period in 2014.
Lodging Tax Collections. The City collected $159,446 in lodging taxes in September 2015. This was an
increase of 6.8 % from September 2014.
Sales Tax Licenses. There were 11,039 active sales tax licenses at the end of September.
6