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 – May 2015
Issued June 10, 2015
This report reflects Sales and Use Tax collected in May 2015 for economic activity that occurred in 2015.
Please note the sales and use tax collected in May is predominately from April sales but also includes
delinquent collections from prior periods.
MAY SUMMARY OVER PRIOR YEAR
Month
5.4%
-1.4%
4.0%
Sales Tax Collected:
Use Tax Collected Excluding Rebates:
Sales and Use Tax Collected Excluding Rebates:
Year to Date
7.6%
34.8%
12.5%
Year to date, sales and use tax collections excluding rebates are up 12.5% and total $54.8 million.
Figure 1. Budget to Actual - Sales and Use Tax Collected Excluding Rebates
May Sales Tax Budget to Actual. In May 2015, sales tax collected in Fort Collins was $353.5K above the
amount budgeted. Year to date, the City has collected 2.6% more sales tax revenue than budgeted, for a
net gain of $1.1M.
May Use Tax Budget to Actual Excluding Rebates. In May 2015, use tax collected in Fort Collins was
$512.6K over the amount budgeted. Year to date, the City has collected 51.7% more use tax revenue than
budgeted for a net gain of $4.0M.
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
$ 42,988,025 $ 41,918,305
Over/(Under)
Budget
$
396,469
62,840
37,851
219,092
353,468
$ 1,069,720
%
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%
0.0%
50,140,549
0.0%
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
July
August
September
October
November
December
Net Collections
11,815,185
YTD Rebates
256,000
Total Collections $ 12,071,185 $
Budget
1,557,709
1,557,709
1,557,709
1,557,709
1,557,709
7,788,545
0
7,788,545
Over/(Under)
Budget
$
674,042
1,806,082
77,047
956,913
512,556
4,026,640
256,000
$ 4,282,640
%
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%
0.0%
9,346,254
0.0%
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%
51.7%
55.0%
$ 18,700,000
22.9%
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
Actual
May YTD
3,344,349
3,344,349
3,344,349
10,917,281
33,852,882
256,000
$ 55,059,210 $
2
Budget
May YTD
2,975,982
2,975,982
2,975,982
10,118,362
30,660,541
0
49,706,850
Over/(Under)
Budget
May YTD
368,367
368,367
368,367
798,919
3,192,341
256,000
$ 5,352,360
%
Over/(Under)
Budget
12.4%
12.4%
12.4%
7.9%
10.4%
100.0%
Figure 5. Sales and Use Tax Collected
May
Actual
2015
Actual
2014
SALES TAX COLLECTIONS
Grocery, Convenience, Liquor
$1,087,099
Restaurants, Caterers and Bars
1,219,076
General Merchandise
814,822
Vehicle Sales, Parts and Repairs
651,398
Building Materials, Garden Equipment & Supplies
713,539
Sporting, Hobby, Book, Music
355,392
Broadcasting and Telecommunications
346,379
Electronics and Appliances
429,496
Miscellaneous Retailers
381,204
Utilities
379,891
Clothing and Accessories
248,888
Pharmacy, Salon and Laundry
188,026
Other
146,395
Rental and Leasing Services
140,054
Furniture and Home Furnishings
182,446
Wholesale Trade
124,691
Lodging
143,759
Manufacturing
130,930
TOTAL SALES TAX
7,683,485
USE TAX COLLECTIONS
Building Permits
554,103
Car Tax
398,505
Return Tax
1,149,020
TOTAL USE TAX
2,101,628
Less Economic Rebates
(1,862)
NET USE TAX
2,099,766
SALES & USE TAX COLLECTIONS
Total Sales & Use Tax
9,785,113
Less Economic Rebates
(1,862)
NET SALES & USE TAX
9,783,251
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
$1,143,958
1,316,198
736,786
679,863
811,025
393,715
347,404
515,503
387,725
340,016
222,252
253,174
156,516
164,307
187,300
140,736
154,439
150,629
8,101,546
%
Change
Actual
2014
Year to Date
Actual
2015
5.2% $5,700,369
8.0%
5,684,040
-9.6%
4,548,408
4.4%
3,136,130
13.7%
2,804,220
10.8%
2,212,578
0.3%
1,793,232
20.0%
2,489,947
1.7%
2,206,036
-10.5%
2,359,366
-10.7%
1,283,501
34.6%
1,008,749
6.9%
1,015,045
17.3%
871,750
2.7%
914,179
12.9%
600,636
7.4%
608,436
15.0%
702,741
5.4% 39,939,363
627,812
13.3%
427,873
7.4%
1,233,723
7.4%
2,289,408
8.9%
(219,143) 11669.2%
2,070,265
-1.4%
$6,101,446
6,328,853
4,266,694
3,465,841
3,285,803
2,389,231
1,822,545
2,700,466
2,449,540
2,212,483
1,275,520
1,289,705
1,107,207
894,077
974,431
947,633
693,351
783,199
42,988,025
%
Change
7.0%
11.3%
-6.2%
10.5%
17.2%
8.0%
1.6%
8.5%
11.0%
-6.2%
-0.6%
27.9%
9.1%
2.6%
6.6%
57.8%
14.0%
11.4%
7.6%
2,754,497
1,899,137
4,216,867
8,870,501
(108,693)
8,761,808
3,142,412
14.1%
2,154,558
13.4%
6,774,215
60.6%
12,071,185
36.1%
(256,000) 135.5%
11,815,185
34.8%
6.2% 48,809,864
10,390,954
(219,143) 11669.2%
(108,693)
10,171,811
4.0% 48,701,171
12.8%
55,059,210
(256,000) 135.5%
54,803,210
12.5%
586,136
632,383
7.9%
2,922,905
3,344,349
14.4%
586,136
632,383
7.9%
2,922,905
3,344,349
14.4%
586,136
632,383
7.9%
2,922,905
3,344,349
14.4%
1,978,681
2,058,501
4.0%
9,766,814 10,917,281
11.8%
6,048,024
6,435,304
6.4% 30,274,335 34,108,882
12.7%
(1,862)
(219,143) 11669.2%
(108,693)
(256,000) 135.5%
$9,783,251 $10,171,811
4.0% $48,701,171 $54,803,210
12.5%
May Sales Tax Collected. In May 2015, sales tax collected in Fort Collins increased 5.4% over May 2014.
Sales tax collected totaled $8.1 million compared to $7.7 million in 2014.
May Use Tax Collected. The total use tax collected in May was $2.3 million, an increase of 8.9% compared
to last May. The estimated use tax collected in May related to economic incentive agreements was $219K
as illustrated on Figure 5. This amount will be rebated in the succeeding calendar year. The net use tax
collections for May totaled $2.1 million for a net 1.4% decrease.
Total Sales and Use Tax Collected. Total tax collected of $10.4 million was 6.2% higher than last May.
3
Figure 6. May Collections*
*Total collections prior to rebates.
Figure 7. Year to Date Collections *
*Total collections prior to rebates.
4
Figure 8. Net Taxable
$ in millions
May
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
$38.2
31.4
24.6
16.9
18.6
9.2
9.0
11.1
9.9
9.9
6.4
5.0
4.0
3.6
4.7
3.3
3.7
3.5
$40.5
34.2
21.5
17.6
21.1
10.2
9.1
13.4
10.2
8.8
5.8
6.7
4.0
4.3
4.8
3.7
4.0
4.0
6.0%
9.0%
-12.6%
4.1%
13.1%
10.7%
0.5%
20.5%
3.1%
-10.5%
-10.1%
35.2%
0.8%
20.6%
1.4%
12.0%
6.6%
15.1%
$202.7
147.9
133.6
81.5
72.8
57.4
46.6
64.4
57.7
61.3
33.1
26.7
27.3
20.3
23.8
18.3
15.6
18.8
$216.8
163.7
123.3
89.8
84.2
62.0
47.2
69.8
64.2
57.5
33.1
34.2
28.2
23.2
25.9
25.0
18.0
20.3
6.9%
10.7%
-7.7%
10.2%
15.7%
8.0%
1.4%
8.4%
11.2%
-6.2%
-0.2%
27.9%
3.3%
14.4%
9.0%
36.4%
15.0%
8.1%
NET TAXABLE SUBJECT TO SALES TAX
213.1
224.0
5.1%
1,109.8
1,186.5
6.9%
USE TAX
Building Permits
Car Tax
Return Tax
14.4
10.4
29.8
16.3
11.1
32.0
13.3%
7.4%
7.4%
71.5
49.3
109.5
81.6
56.0
176.0
14.1%
13.4%
60.6%
NET TAXABLE SUBJECT TO USE TAX
54.6
59.5
8.9%
230.4
313.5
36.1%
$267.7
$283.4
5.9% $1,340.2
$1,500.0
11.9%
TOTAL NET TAXABLE SUBJECT TO SALES & USE TAX
Figure 9. Local Retail Compared to National Retail
% Change from
April 2014
United States
2.1
8.5
-1.3
4.5
4.1
1.2
1.5
0.9
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
April 2014
Fort Collins
6.0
9.0
-12.6
4.1
13.1
-10.1
1.4
5.1
At the national level, April 2015 retail sales (as reported on May 13, 2015) increased 0.9% compared to the
increase in Fort Collins’ sales of 5.1%. April 2015 sales are the basis for the City’s May 2015 sales tax
collections and net taxable amounts (which are included in this report).
5
Figure 10. May - 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 May for the downtown area increased
6.3% from the same period in 2014.
Lodging Tax Collections. The City collected $100,912 in lodging taxes in May 2015. This was an increase
of 12.2% from May 2014.
Sales Tax Licenses. There were 10,648 active sales tax licenses at the end of May.
6