City of Lawrence

Sales Tax Audit Committee

March 28, 2012 minutes     

MEMBERS PRESENT:	Ted Boyle, Timothy Bateman, Charlie Sedlock
MEMBERS ABSENT:	Jon King
STAFF PRESENT:	David L. Corliss, City Manager Casey Toomay, Budget Manager Robert Nugent, Transit Administrator
PUBLIC PRESENT:	None

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The meeting was called to order.

Toomay walked the committee through revenues and expenditures for the infrastructure sales tax and transit sales tax. 

As of December 31, 2011, proceeds from the three City sales and use taxes received and receipted to the general fund totaled $7,739,888.  This was 3.4% greater than what was expected for 2011 and a 5.6% increase over 2010 collections.

Proceeds were transferred to the appropriate funds as follows in 2011:

• Proceeds from the 0.30% sales tax received as of December 31, 2011, totaled $4,221,757.
• $2,721,757 was transferred to the Capital Improvement Reserve Fund for infrastructure;
• $1,500,000 was transferred to the Equipment Reserve Fund for fire apparatus and equipment.
• Proceeds from the 0.20% sales tax received as of December 31, 2011, totaled $2,814,506 and were transferred to the Transit Fund for operating costs;
• Proceeds from the 0.05% sales tax received as of December 31, 2011, totaled $703,625 and were transferred to the Equipment Reserve Fund for transit equipment purchases;

As of December 31, 2011, expenditures were as follows:

• $3,541,303 of the 0.30% sales tax was spent on the following projects:

Residential street maintenance	$550,000
Kasold, 23^rd to 31^st	1,491,303
Fire Engine /PUC	500,000
Public Safety Radios	1,000,000
TOTAL	$3,541,303

• A total of $6,656,316 was spent on transit from all funds in 2011.  The expenditures were paid from federal, state, and local funds as follows:

• $2,814,506  of expenses were paid with proceeds from the 0.20% sales tax,
• $310,612 of expenses were paid with fare box receipts, bus pass sales, and motor vehicle taxes; 
• $4,511,044 of expenditures were paid with federal and state grants;

• None of the 0.05% sales tax was spent in 2011.   

The minutes from the meeting on September 27, 2011 were reviewed and approved.

The meeting adjourned.