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 – July 2015
Issued August 10, 2015
This report reflects Sales and Use Tax collected in July 2015 for economic activity that occurred in June 2015.
Please note the sales and use tax collected in July is predominately from June sales but also includes
delinquent collections from prior periods.
JULY SUMMARY OVER PRIOR YEAR
Month
3.9%
20.9%
7.1%
Sales Tax Collected:
Use Tax Collected Excluding Rebates:
Sales and Use Tax Collected Excluding Rebates:
Year to Date
6.2%
31.4%
10.9%
Year to date, sales and use tax collections excluding rebates are up 10.9% and total $77.4 million.
Figure 1. Budget to Actual - Sales and Use Tax Collected Excluding Rebates
July Sales Tax Budget to Actual. In July 2015, sales tax collected in Fort Collins was $342.6K above the
amount budgeted. Year to date, the City has collected 2.6% more sales tax revenue than budgeted, for a
net gain of $1.6M.
July Use Tax Budget to Actual Excluding Rebates. In July 2015, use tax collected in Fort Collins was
$915K over the amount budgeted. Year to date, the City has collected 55.3% more use tax revenue than
budgeted for a net gain of $6.0M.
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
$ 60,459,804 $ 58,907,579
Over/(Under)
Budget
$
396,469
62,840
37,851
219,092
353,468
139,887
342,618
$ 1,552,225
%
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%
0.0%
67,150,000
0.0%
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
September
October
November
December
Net Collections
16,938,839
10,903,963
YTD Rebates
260,722
0
Total Collections $ 17,199,561 $ 10,903,963
Over/(Under)
Budget
$
674,042
1,806,082
77,047
956,913
512,556
1,092,990
915,246
6,034,876
260,722
$ 6,295,598
%
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%
0.0%
12,461,672
0.0%
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%
55.3%
57.7%
$ 18,700,000
33.7%
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
July YTD
4,729,597
4,729,597
4,729,597
15,472,562
47,737,290
260,722
$ 77,659,365 $
2
Budget
July YTD
4,179,455
4,179,455
4,179,455
14,210,178
43,062,999
0
69,811,541
Over/(Under)
Budget
June YTD
550,142
550,142
550,142
1,262,384
4,674,291
260,722
$ 7,847,824
%
Over/(Under)
Budget
13.2%
13.2%
13.2%
8.9%
10.9%
100.0%
Figure 5. Sales and Use Tax Collected
July
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
$1,106,803
1,256,952
939,695
732,180
919,147
419,805
353,816
460,601
482,798
304,974
259,342
212,004
242,746
210,333
195,200
196,515
229,933
244,829
8,767,673
$1,184,917
1,319,355
905,678
754,333
974,612
478,450
378,518
550,113
481,153
334,865
279,496
257,384
218,569
207,210
216,871
152,018
235,834
180,272
9,109,648
%
Change
Actual
2014
Year to Date
Actual
2015
%
Change
7.1% $7,926,429
5.0%
8,268,727
-3.6%
6,396,507
3.0%
4,604,825
6.0%
4,546,736
14.0%
3,030,016
7.0%
2,492,741
19.4%
3,399,505
-0.3%
3,070,152
9.8%
2,976,297
7.8%
1,798,297
21.4%
1,409,178
-10.0%
1,399,421
-1.5%
1,259,486
11.1%
1,313,244
-22.6%
947,829
2.6%
1,011,439
-26.4%
1,073,144
3.9% 56,923,973
$8,473,595
9,064,784
5,990,557
4,912,923
5,061,182
3,301,355
2,563,187
3,735,611
3,321,713
2,843,838
1,788,156
1,802,778
1,516,079
1,279,511
1,395,813
1,168,451
1,126,405
1,113,866
60,459,804
6.9%
9.6%
-6.3%
6.7%
11.3%
9.0%
2.8%
9.9%
8.2%
-4.5%
-0.6%
27.9%
8.3%
1.6%
6.3%
23.3%
11.4%
3.8%
6.2%
989,408
401,029
735,609
2,126,046
(80,441)
2,045,605
772,313
523,072
1,179,484
2,474,869
(1,914)
2,472,955
-21.9%
4,731,310
30.4%
2,694,161
60.3%
5,654,489
16.4% 13,079,960
-97.6%
(189,153)
20.9% 12,890,807
5,235,464
3,123,743
8,840,354
17,199,561
(260,722)
16,938,839
10.7%
15.9%
56.3%
31.5%
37.8%
31.4%
10,893,719
(80,441)
10,813,278
11,584,517
(1,914)
11,582,603
6.3% 70,003,933
-97.6%
(189,153)
7.1% 69,814,780
77,659,365
(260,722)
77,398,643
10.9%
37.8%
10.9%
7.9%
4,201,243
4,729,597
7.9%
4,201,243
4,729,597
7.9%
4,201,243
4,729,597
4.9% 14,057,457 15,472,562
6.4% 43,342,747 47,998,012
-97.6%
(189,153)
(260,722)
7.1% $69,814,780 $77,398,643
12.6%
12.6%
12.6%
10.1%
10.7%
37.8%
10.9%
658,595
710,422
658,595
710,422
658,595
710,422
2,206,331
2,314,542
6,711,603
7,138,709
(80,441)
(1,914)
$10,813,278 $11,582,603
July Sales Tax Collected. In July 2015, sales tax collected in Fort Collins increased 3.9% over July 2014.
Sales tax collected totaled $9.1 million compared to $8.8 million in 2014.
July Use Tax Collected. The total use tax collected in July was $2.5 million, an increase of 16.4%
compared to last July. The estimated use tax collected in July 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 July totaled $2.5 million for a net 20.9% increase.
Total Sales and Use Tax Collected. Total tax collected of $11.6 million was 6.3% higher than last July.
3
Figure 6. July Collections*
*Total collections prior to rebates.
Figure 7. Year to Date Collections *
*Total collections prior to rebates.
4
Figure 8. Net Taxable
$ in millions
July
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
$39.2
32.8
28.0
19.0
23.8
10.9
9.2
12.0
12.6
8.6
6.7
5.6
6.3
5.5
5.1
5.3
5.8
6.4
$41.8
34.7
26.0
19.6
25.4
12.4
10.0
14.2
12.7
8.5
7.3
6.8
5.8
5.4
5.6
4.0
6.1
4.7
6.6%
5.9%
-7.3%
3.3%
6.8%
13.9%
8.9%
18.8%
1.3%
-0.8%
8.2%
21.4%
-7.9%
-1.8%
10.1%
-23.6%
5.4%
-25.9%
$281.2
215.2
188.7
119.7
118.0
78.6
64.7
88.0
80.3
78.0
46.5
37.3
37.2
30.3
34.2
27.5
25.9
28.5
$300.2
235.4
173.1
127.4
130.4
85.7
66.6
96.5
87.6
73.7
46.4
47.8
38.4
33.2
36.8
33.3
29.3
29.0
6.7%
9.4%
-8.3%
6.4%
10.5%
9.0%
2.9%
9.6%
9.1%
-5.5%
-0.1%
28.1%
3.1%
9.5%
7.5%
21.2%
13.0%
1.8%
NET TAXABLE SUBJECT TO SALES TAX
242.6
251.1
3.5%
1,579.9
1,670.7
5.7%
USE TAX
Building Permits
Car Tax
Return Tax
25.7
10.4
19.1
20.1
13.6
30.6
-21.9%
30.4%
60.3%
122.9
70.0
146.9
136.0
81.1
229.6
10.7%
15.9%
56.3%
NET TAXABLE SUBJECT TO USE TAX
55.2
64.3
16.4%
339.7
446.7
31.5%
$297.8
$315.3
5.9% $1,919.6
$2,117.5
10.3%
TOTAL NET TAXABLE SUBJECT TO SALES & USE TAX
Figure 9. Local Retail Compared to National Retail
% Change from
July 2014
United States
2.4
7.7
1.2
6.5
-1.4
1.9
4.1
1.4
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
6.6
5.9
-7.3
3.3
6.8
8.2
10.1
3.5
At the national level, June 2015 retail sales (as reported on July 14, 2015) increased 1.4% compared to the
increase in Fort Collins’ sales of 3.5%. June 2015 sales are the basis for the City’s July 2015 sales tax
collections and net taxable amounts (which are included in this report).
5
Figure 10. July - 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 July for the downtown area increased
4.4% from the same period in 2014.
Lodging Tax Collections. The City collected $177,416 in lodging taxes in July 2015. This was an increase
of 16.5% from July 2014.
Sales Tax Licenses. There were 10,848 active sales tax licenses at the end of July.
6