Memorandum
City of Lawrence
Finance Department
To: Dave Corliss, City Manager
From: Ed Mullins, Finance Director
Date: November 29, 2012
Subject: Sales Tax Distribution
The City of Lawrence has recently received its November sales tax distribution. The distribution is the result of retail sales from mid-September to mid-October. The distribution of $2,900,933.69 is $230,000 more than the prior year distribution for the same month. It also includes $6,602.60 from the Free State Transportation Development District and $14,702.24 from the Oread District. The distribution also includes other amounts that will be paid to the Oread Tax Increment Financing District.
The 2012 budget for the total sales and use tax distribution is $30,555,461. A summary of the latest city sales/use tax distribution is shown in the table below. The total sales/use taxes for 2012 are now projected to exceed $32,000,000.
|
Sales/Use Tax |
Budget |
Month |
Year to Date |
% of Budget |
|
City 1% |
13,880,266 |
1,315,968 |
13,356,236 |
96.2% |
|
Infrastructure .3% |
4,164,079 |
394,791 |
4,078,985 |
96.2% |
|
Transit .2% |
2,776,053 |
263,193 |
2,719,322 |
96.2% |
|
Transit Eq. .05% |
694,013 |
65,798 |
679,832 |
96.2% |
|
County 1% |
9,041,050 |
839,878 |
8,607,450 |
95.2% |
A spreadsheet showing total monthly sales tax distributions since 2001 is attached. Additional sales tax information is provided in the tables and graphs below.
|
City of Lawrence 1.55% Sales Tax by NAICS |
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Nov 2012 |
Nov 2011 |
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|
NAICS |
Description |
Amount |
Percent |
Percent |
|
|
|
|
22 |
Utilities |
157,977.19 |
8.44% |
7.80% |
|
|
|
|
23 |
Construction |
39,179.01 |
2.09% |
2.17% |
|
|
|
|
31-33 |
Manufacturing |
26,680.18 |
1.42% |
2.10% |
|
|
|
|
42 |
Wholesale Trade |
79,040.66 |
4.22% |
4.37% |
|
|
|
|
44-49 |
Retail Trade and Transportation |
993,355.54 |
53.05% |
54.30% |
|
|
|
|
51-62 |
Information and Professional Services |
147,926.26 |
7.90% |
8.90% |
|
|
|
|
71-72 |
Accommodation and Food Services |
277,624.30 |
14.83% |
14.72% |
|
|
|
|
81-99 |
Services and Other |
150,843.91 |
8.06% |
5.64% |
|
|
|
|
1,872,627.05 |
100.00% |
100.00% |
|
|
|
|
City of Lawrence |
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|
Monthly sales/use tax budget variance |
|||||||||
|
1% City |
Over |
County |
Over |
.55% City |
Over |
||||
|
Month |
Sales/Use |
Budget |
(Under) |
Sales/Use |
Budget |
(Under) |
Sales/Use |
Budget |
(Under) |
|
January |
1,227,270 |
1,120,880 |
106,390 |
767,058 |
738,586 |
28,472 |
674,998 |
616,483 |
58,515 |
|
February |
1,312,285 |
1,250,569 |
61,716 |
824,375 |
805,642 |
18,733 |
721,757 |
687,813 |
33,944 |
|
March |
1,249,033 |
1,187,463 |
61,570 |
788,033 |
774,126 |
13,877 |
686,967 |
653,105 |
33,862 |
|
April |
1,045,992 |
948,084 |
97,908 |
657,139 |
617,929 |
39,210 |
575,296 |
521,446 |
53,850 |
|
May |
1,225,943 |
1,154,754 |
71,189 |
770,919 |
755,243 |
15,676 |
674,269 |
635,115 |
39,154 |
|
June |
1,208,601 |
1,154,946 |
53,655 |
762,675 |
746,466 |
16,209 |
664,731 |
635,220 |
29,511 |
|
July |
1,252,750 |
1,197,423 |
55,327 |
788,840 |
773,079 |
15,761 |
689,013 |
658,583 |
30,430 |
|
August |
1,342,654 |
1,070,212 |
272,442 |
852,492 |
704,267 |
148,225 |
738,459 |
588,617 |
149,842 |
|
September |
1,094,944 |
1,107,604 |
(12,660) |
711,440 |
728,037 |
(16,597) |
602,220 |
609,182 |
(6,962) |
|
October |
1,321,176 |
1,246,994 |
74,182 |
844,631 |
813,318 |
31,313 |
726,647 |
685,847 |
40,800 |
|
November |
1,315,968 |
1,201,507 |
114,461 |
839,878 |
779,850 |
60,028 |
723,782 |
660,829 |
62,953 |
|
December |
|
1,239,830 |
|
804,508 |
|
681,907 |
|||
|
13,596,616 |
13,880,266 |
956,180 |
8,607,450 |
9,041,050 |
370,907 |
6,754,357 |
7,634,147 |
525,899 |
|