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 – June 2015
Issued July 10, 2015
This report reflects Sales and Use Tax collected in June 2015 for economic activity that occurred in May 2015.
Please note the sales and use tax collected in June is predominately from May sales but also includes
delinquent collections from prior periods.
JUNE SUMMARY OVER PRIOR YEAR
Month
1.8%
27.2%
6.9%
Sales Tax Collected:
Use Tax Collected Excluding Rebates:
Sales and Use Tax Collected Excluding Rebates:
Year to Date
6.6%
33.4%
11.5%
Year to date, sales and use tax collections excluding rebates are up 11.5% and total $65.8 million.
Figure 1. Budget to Actual - Sales and Use Tax Collected Excluding Rebates
June Sales Tax Budget to Actual. In June 2015, sales tax collected in Fort Collins was $140.1K above the
amount budgeted. Year to date, the City has collected 2.4% more sales tax revenue than budgeted, for a
net gain of $1.2M.
June Use Tax Budget to Actual Excluding Rebates. In June 2015, use tax collected in Fort Collins was
$1.1M over the amount budgeted. Year to date, the City has collected 54.8% more use tax revenue than
budgeted for a net gain of $5.1M.
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
8,362,294
8,222,244
$ 51,350,319 $ 50,140,549
Over/(Under)
Budget
$
396,469
62,840
37,851
219,092
353,468
140,050
$ 1,209,770
%
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%
51,350,319
50,140,549
2.4%
0.0%
58,907,579
0.0%
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
January
$ 2,231,751 $
February
3,363,791
March
1,634,756
April
2,514,622
May
2,070,265
June
2,650,699
July
August
September
October
November
December
Net Collections
14,465,884
YTD Rebates
258,808
Total Collections $ 14,724,692 $
Budget
1,557,709
1,557,709
1,557,709
1,557,709
1,557,709
1,557,709
9,346,254
0
9,346,254
Over/(Under)
Budget
$
674,042
1,806,082
77,047
956,913
512,556
1,092,990
5,119,630
258,808
$ 5,378,438
%
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%
0.0%
10,903,963
0.0%
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%
54.8%
57.5%
$ 18,700,000
28.8%
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
Actual
June YTD
4,019,174
4,019,174
4,019,174
13,158,020
40,600,661
258,808
$ 66,075,011 $
2
Budget
June YTD
3,561,667
3,561,667
3,561,667
12,109,693
36,692,110
0
59,486,803
Over/(Under)
Budget
June YTD
457,507
457,507
457,507
1,048,327
3,908,551
258,808
$ 6,588,208
%
Over/(Under)
Budget
12.8%
12.8%
12.8%
8.7%
10.7%
100.0%
Figure 5. Sales and Use Tax Collected
June
Actual
2015
Actual
2014
SALES TAX COLLECTIONS
Grocery, Convenience, Liquor
$1,119,257
Restaurants, Caterers and Bars
1,327,735
General Merchandise
908,404
Vehicle Sales, Parts and Repairs
736,515
Building Materials, Garden Equipment & Supplies
823,369
Sporting, Hobby, Book, Music
397,633
Broadcasting and Telecommunications
345,693
Electronics and Appliances
448,957
Miscellaneous Retailers
381,318
Utilities
311,957
Clothing and Accessories
255,454
Pharmacy, Salon and Laundry
188,425
Other
141,630
Rental and Leasing Services
177,403
Furniture and Home Furnishings
203,865
Wholesale Trade
150,678
Lodging
173,070
Manufacturing
125,574
TOTAL SALES TAX
8,216,937
USE TAX COLLECTIONS
Building Permits
987,405
Car Tax
393,995
Return Tax
702,013
TOTAL USE TAX
2,083,413
Less Economic Rebates
(19)
NET USE TAX
2,083,394
SALES & USE TAX COLLECTIONS
Total Sales & Use Tax
10,300,350
Less Economic Rebates
(19)
NET SALES & USE TAX
10,300,331
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
$1,187,232
1,416,576
818,185
692,749
800,767
433,674
362,124
485,032
391,020
296,490
233,140
255,689
190,303
178,224
204,511
68,800
197,220
150,395
8,362,131
%
Change
Actual
2014
Year to Date
Actual
2015
6.1% $6,819,626
6.7%
7,011,775
-9.9%
5,456,812
-5.9%
3,872,645
-2.7%
3,627,589
9.1%
2,610,211
4.8%
2,138,925
8.0%
2,938,904
2.5%
2,587,354
-5.0%
2,671,323
-8.7%
1,538,955
35.7%
1,197,174
34.4%
1,156,675
0.5%
1,049,153
0.3%
1,118,044
-54.3%
751,314
14.0%
781,506
19.8%
828,315
1.8% 48,156,300
%
Change
$7,288,678
7,745,429
5,084,879
4,158,590
4,086,570
2,822,905
2,184,669
3,185,498
2,840,560
2,508,973
1,508,660
1,545,394
1,297,510
1,072,301
1,178,942
1,016,433
890,571
933,594
51,350,156
6.9%
10.5%
-6.8%
7.4%
12.7%
8.1%
2.1%
8.4%
9.8%
-6.1%
-2.0%
29.1%
12.2%
2.2%
5.4%
35.3%
14.0%
12.7%
6.6%
1,320,739
33.8%
3,741,902
446,113
13.2%
2,293,132
886,655
26.3%
4,918,880
2,653,507
27.4% 10,953,914
(2,808) 14678.9%
(108,712)
2,650,699
27.2% 10,845,202
4,463,151
19.3%
2,600,671
13.4%
7,660,870
55.7%
14,724,692
34.4%
(258,808) 138.1%
14,465,884
33.4%
6.9% 59,110,214
11,015,638
(2,808) 14678.9%
(108,712)
11,012,830
6.9% 59,001,502
11.8%
66,074,848
(258,808) 138.1%
65,816,040
11.5%
619,743
674,825
8.9%
3,542,648
4,019,174
13.5%
619,743
674,825
8.9%
3,542,648
4,019,174
13.5%
619,743
674,825
8.9%
3,542,648
4,019,174
13.5%
2,084,312
2,240,739
7.5% 11,851,126 13,158,020
11.0%
6,356,809
6,750,424
6.2% 36,631,144 40,859,306
11.5%
(19)
(2,808) 14678.9%
(108,712)
(258,808) 138.1%
$10,300,331 $11,012,830
6.9% $59,001,502 $65,816,040
11.5%
June Sales Tax Collected. In June 2015, sales tax collected in Fort Collins increased 1.8% over June
2014. Sales tax collected totaled $8.4 million compared to $8.2 million in 2014.
June Use Tax Collected. The total use tax collected in June was $2.7 million, an increase of 27.4%
compared to last June. The estimated use tax collected in June 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 June totaled $2.7 million for a net 27.2% increase.
Total Sales and Use Tax Collected. Total tax collected of $11.0 million was 6.9% higher than last June.
3
Figure 6. June Collections*
*Total collections prior to rebates.
Figure 7. Year to Date Collections *
*Total collections prior to rebates.
4
Figure 8. Net Taxable
$ in millions
June
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
$39.3
34.5
27.2
19.2
21.4
10.3
9.0
11.7
10.0
8.1
6.6
5.0
3.7
4.6
5.3
3.9
4.5
3.4
$41.6
37.0
23.8
18.0
20.7
11.2
9.4
12.5
10.7
7.7
6.0
6.8
4.4
4.6
5.2
4.3
5.2
4.0
5.9%
7.1%
-12.4%
-6.5%
-3.0%
9.2%
4.6%
6.9%
7.1%
-4.9%
-8.6%
36.5%
19.8%
1.2%
-1.3%
10.8%
15.6%
18.4%
$242.0
182.4
160.7
100.7
94.2
67.7
55.6
76.1
67.7
69.4
39.7
31.7
31.0
24.9
29.1
22.2
20.1
22.2
$258.4
200.7
147.1
107.8
105.0
73.3
56.6
82.3
74.8
65.2
39.1
41.0
32.6
27.8
31.2
29.3
23.2
24.3
6.8%
10.1%
-8.5%
7.0%
11.5%
8.2%
2.0%
8.2%
10.6%
-6.1%
-1.6%
29.3%
5.3%
12.0%
7.1%
31.9%
15.1%
9.7%
NET TAXABLE SUBJECT TO SALES TAX
227.5
233.2
2.5%
1,337.3
1,419.6
6.2%
USE TAX
Building Permits
Car Tax
Return Tax
25.6
10.2
18.2
34.3
11.6
23.0
33.8%
13.2%
26.3%
97.2
59.6
127.8
115.9
67.5
199.0
19.3%
13.4%
55.7%
NET TAXABLE SUBJECT TO USE TAX
54.1
68.9
27.4%
284.5
382.5
34.4%
$281.6
$302.1
7.3% $1,621.8
$1,802.1
11.1%
TOTAL NET TAXABLE SUBJECT TO SALES & USE TAX
Figure 9. Local Retail Compared to National Retail
% Change from
May 2014
United States
3.4
8.2
-0.4
8.2
6.2
3.6
6.2
2.7
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
May 2014
Fort Collins
5.9
7.1
-12.4
-6.5
-3.0
-8.6
-1.3
2.5
At the national level, May 2015 retail sales (as reported on June 11, 2015) increased 2.7% compared to the
increase in Fort Collins’ sales of 2.5%. May 2015 sales are the basis for the City’s June 2015 sales tax
collections and net taxable amounts (which are included in this report).
5
Figure 10. June - 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 June for the downtown area increased
0.6% from the same period in 2014.
Lodging Tax Collections. The City collected $140,194 in lodging taxes in June 2015. This was an
increase of 11.7% from June 2014.
Sales Tax Licenses. There were 10,732 active sales tax licenses at the end of June.
6