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 – August 2015
Issued September 10, 2015
This report reflects Sales and Use Tax collected in August 2015 for economic activity that occurred in July
2015. Please note the sales and use tax collected in August is predominately from July sales but also includes
delinquent collections from prior periods.
AUGUST SUMMARY OVER PRIOR YEAR
Month
4.3%
13.9%
6.4%
Sales Tax Collected:
Use Tax Collected Excluding Rebates:
Sales and Use Tax Collected Excluding Rebates:
Year to Date
6.0%
28.8%
10.3%
Year to date, sales and use tax collections excluding rebates are up 10.3% and total $88.7 million.
Figure 1. Budget to Actual - Sales and Use Tax Collected Excluding Rebates
August Sales Tax Budget to Actual. In August 2015, sales tax collected in Fort Collins was $497K above
the amount budgeted. Year to date, the City has collected 3.1% more sales tax revenue than budgeted, for
a net gain of $2.0M.
August Use Tax Budget to Actual Excluding Rebates. In August 2015, use tax collected in Fort Collins
was $1.0M over the amount budgeted. Year to date, the City has collected 56.5% 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
$ 69,199,132 $ 67,150,000
Over/(Under)
Budget
$
396,469
62,840
37,851
219,092
353,468
139,887
342,618
496,907
$ 2,049,132
%
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%
0.0%
75,977,561
0.0%
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
October
November
December
Net Collections
19,504,829
12,461,672
YTD Rebates
264,185
0
Total Collections $ 19,769,014 $ 12,461,672
Over/(Under)
Budget
$
674,042
1,806,082
77,047
956,913
512,556
1,092,990
915,246
1,008,281
7,043,157
264,185
$ 7,307,342
%
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%
0.0%
14,019,381
0.0%
0.0%
15,577,090
0.0%
0.0%
17,134,799
0.0%
0.0%
18,700,000
0.0%
56.5%
58.6%
$ 18,700,000
39.1%
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
Aug YTD
5,421,085
5,421,085
5,421,085
17,680,209
54,760,497
264,185
$ 88,968,146 $
2
Budget
Aug YTD
4,766,328
4,766,328
4,766,328
16,205,552
49,107,135
0
79,611,670
Over/(Under)
Budget
Aug YTD
654,757
654,757
654,757
1,474,657
5,653,362
264,185
$ 9,356,476
%
Over/(Under)
Budget
13.7%
13.7%
13.7%
9.1%
11.5%
100.0%
Figure 5. Sales and Use Tax Collected
August
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
$1,146,509
1,244,064
867,193
880,544
843,029
371,964
343,983
437,867
403,067
369,208
212,218
214,085
161,714
193,240
194,256
142,679
214,114
137,050
8,376,784
$1,195,253
1,373,554
800,615
829,750
836,721
403,219
361,038
467,808
428,528
366,994
208,433
265,877
180,471
198,797
214,179
155,777
232,256
220,058
8,739,328
%
Change
Actual
2014
Year to Date
Actual
2015
%
Change
4.3% $9,072,938
10.4%
9,512,791
-7.7%
7,263,700
-5.8%
5,485,369
-0.7%
5,389,765
8.4%
3,401,980
5.0%
2,836,724
6.8%
3,837,372
6.3%
3,473,219
-0.6%
3,345,505
-1.8%
2,010,515
24.2%
1,623,263
11.6%
1,561,135
2.9%
1,452,726
10.3%
1,507,500
9.2%
1,090,508
8.5%
1,225,553
60.6%
1,210,194
4.3% 65,300,757
$9,668,848
10,438,338
6,791,172
5,742,673
5,897,903
3,704,574
2,924,225
4,203,419
3,750,241
3,210,832
1,996,589
2,068,655
1,696,550
1,478,308
1,609,992
1,324,228
1,358,661
1,333,924
69,199,132
6.6%
9.7%
-6.5%
4.7%
9.4%
8.9%
3.1%
9.5%
8.0%
-4.0%
-0.7%
27.4%
8.7%
1.8%
6.8%
21.4%
10.9%
10.2%
6.0%
509,082
497,318
1,252,460
2,258,860
(6,001)
2,252,859
638,956
473,660
1,456,837
2,569,453
(3,463)
2,565,990
25.5%
5,240,392
-4.8%
3,191,479
16.3%
6,906,949
13.7% 15,338,820
-42.3%
(195,154)
13.9% 15,143,666
5,874,420
3,597,403
10,297,191
19,769,014
(264,185)
19,504,829
12.1%
12.7%
49.1%
28.9%
35.4%
28.8%
10,635,644
(6,001)
10,629,643
11,308,781
(3,463)
11,305,318
6.3% 80,639,577
-42.3%
(195,154)
6.4% 80,444,423
88,968,146
(264,185)
88,703,961
10.3%
35.4%
10.3%
7.3%
4,845,550
5,421,085
7.3%
4,845,550
5,421,085
7.3%
4,845,550
5,421,085
4.4% 16,172,579 17,680,209
6.7% 49,930,348 55,024,682
-42.3%
(195,154)
(264,185)
6.4% $80,444,423 $88,703,961
11.9%
11.9%
11.9%
9.3%
10.2%
35.4%
10.3%
644,307
691,488
644,307
691,488
644,307
691,488
2,115,122
2,207,647
6,587,601
7,026,670
(6,001)
(3,463)
$10,629,643 $11,305,318
August Sales Tax Collected. In August 2015, sales tax collected in Fort Collins increased 4.3% over
August 2014. Sales tax collected totaled $8.7 million compared to $8.4 million in 2014.
August Use Tax Collected. The total use tax collected in August was $2.6 million, an increase of 13.7%
compared to last August. The estimated use tax collected in August related to economic incentive
agreements was $3K as illustrated on Figure 5. This amount will be rebated in the succeeding calendar
year. The net use tax collections for August totaled $2.6 million for a net 13.9% increase.
Total Sales and Use Tax Collected. Total tax collected of $11.3M was 6.3% higher than last August.
3
Figure 6. August Collections*
*Total collections prior to rebates.
Figure 7. Year to Date Collections *
*Total collections prior to rebates.
4
Figure 8. Net Taxable
$ in millions
August
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
$40.3
32.5
26.0
22.8
21.8
9.8
8.9
11.4
10.5
9.6
5.5
5.6
4.0
4.5
5.2
3.8
5.5
3.7
$42.0
35.4
23.8
21.5
22.2
10.5
9.7
12.3
11.2
9.5
5.4
6.7
4.6
5.2
5.5
4.1
6.0
5.8
4.1%
9.0%
-8.6%
-5.5%
1.5%
6.9%
8.8%
8.4%
6.7%
-0.6%
-1.6%
19.8%
15.0%
16.1%
5.0%
6.9%
8.7%
58.6%
$321.5
247.7
214.8
142.5
139.8
88.5
73.7
99.4
90.8
87.6
52.0
42.9
41.3
34.8
39.4
31.3
31.5
32.2
$342.1
270.9
196.8
148.9
152.6
96.2
76.4
108.8
98.8
83.2
51.8
54.5
43.0
38.4
42.3
37.4
35.3
34.9
6.4%
9.4%
-8.3%
4.5%
9.1%
8.7%
3.6%
9.5%
8.8%
-5.0%
-0.3%
27.0%
4.2%
10.3%
7.2%
19.5%
12.2%
8.2%
NET TAXABLE SUBJECT TO SALES TAX
231.6
241.6
4.3%
1,811.5
1,912.3
5.6%
USE TAX
Building Permits
Car Tax
Return Tax
13.2
12.9
32.5
16.6
12.3
37.8
25.5%
-4.8%
16.3%
136.1
82.9
179.4
152.6
93.4
267.5
12.1%
12.7%
49.1%
NET TAXABLE SUBJECT TO USE TAX
58.7
66.7
13.8%
398.4
513.5
28.9%
$290.3
$308.3
6.2% $2,209.9
$2,425.8
9.8%
TOTAL NET TAXABLE SUBJECT TO SALES & USE TAX
Figure 9. Local Retail Compared to National Retail
% Change from
July 2014
United States
2.6
9.0
0.3
6.9
2.8
3.0
6.1
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
July 2014
Fort Collins
4.1
9.0
-8.6
-5.5
1.5
-1.6
5.0
4.3
At the national level, July 2015 retail sales (as reported on August 13, 2015) increased 2.4% compared to
the increase in Fort Collins’ sales of 4.3%. July 2015 sales are the basis for the City’s August 2015 sales
tax collections and net taxable amounts (which are included in this report).
5
Figure 10. August - 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 August for the downtown area
increased 1.8% from the same period in 2014.
Lodging Tax Collections. The City collected $169,920 in lodging taxes in August 2015. This was an
increase of 9.2 % from August 2014.
Sales Tax Licenses. There were 10,905 active sales tax licenses at the end of August.
6