Memorandum
City of Lawrence
Finance Department
To: Dave Corliss, City Manager
From: Ed Mullins, Finance Director
Date: January 31, 2013
Subject: Sales Tax Distribution
The City of Lawrence has recently received its January sales tax distribution. The distribution is the result of retail sales from mid-November to mid-December. The distribution of $2,835,542.34 is $150,000 more than the prior year distribution for the same month. It also includes $4,435.43 from the Free State Transportation Development District and $12,068.91 from the Oread District. The distribution also includes other amounts that will be paid to the Oread Tax Increment Financing District.
The city has now received the 2012 distributions. The 2012 revenue was $32,363,922 compared to the budget of $30,555,463. The January 2013 distribution is counted as 2012 revenue because the sales took place in 2012. A summary of the latest city sales/use tax distribution is shown in the tables below.
2012
|
Sales/Use Tax |
Budget |
Accrued |
Year to Date |
% of Budget |
|
City 1% |
13,880,266 |
64,969 |
14,843,665 |
106.9% |
|
Infrastructure .3% |
4,164,079 |
19,491 |
4,453,100 |
106.9% |
|
Transit .2% |
2,776,054 |
12,994 |
2,968,733 |
106.9% |
|
Transit Eq. .05% |
694,014 |
3,248 |
742,183 |
106.9% |
|
County 1% |
9,041,050 |
49,010 |
9,401,626 |
104.0% |
2013
|
Sales/Use Tax |
Budget |
Month |
Year to Date |
% of Budget |
|
City 1% |
15,007,500 |
1,292,239 |
1,292,239 |
8.6% |
|
Infrastructure .3% |
4,164,079 |
368,181 |
368,181 |
8.6% |
|
Transit .2% |
2,776,053 |
245,454 |
245,454 |
8.6% |
|
Transit Eq. .05% |
694,013 |
61,363 |
61,363 |
8.6% |
|
County 1% |
9,476,000 |
816,068 |
816,068 |
8.6% |
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 |
|
|
|
|
|||
|
Jan 2013 |
Jan 2012 |
|
|
|
|||
|
NAICS |
Description |
Amount |
Percent |
Percent |
|
|
|
|
22 |
Utilities |
100,255.20 |
5.42% |
5.66% |
|
|
|
|
23 |
Construction |
43,532.48 |
2.35% |
2.22% |
|
|
|
|
31-33 |
Manufacturing |
38,115.22 |
2.06% |
1.67% |
|
|
|
|
42 |
Wholesale Trade |
76,627.76 |
4.14% |
4.45% |
|
|
|
|
44-49 |
Retail Trade and Transportation |
1,066,284.77 |
57.61% |
59.20% |
|
|
|
|
51-62 |
Information and Professional Services |
145,256.39 |
7.85% |
7.90% |
|
|
|
|
71-72 |
Accommodation and Food Services |
241,937.04 |
13.07% |
12.75% |
|
|
|
|
81-99 |
Services and Other |
138,991.31 |
7.51% |
6.15% |
|
|
|
|
1,851,000.17 |
100.00% |
100.00% |
|
|
|
|
City of Lawrence |
|||||||||
|
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 |
1,292,239 |
1,246,270 |
45,969 |
816,068 |
777,176 |
38,892 |
710,732 |
685,448 |
25,284 |
|
February |
0 |
1,332,602 |
|
|
835,251 |
|
|
732,930 |
|
|
March |
0 |
1,268,371 |
|
|
798,399 |
|
|
697,604 |
|
|
April |
0 |
1,062,186 |
|
|
665,808 |
|
|
584,202 |
|
|
May |
0 |
1,244,923 |
|
|
781,089 |
|
|
684,708 |
|
|
June |
0 |
1,227,313 |
|
|
772,737 |
|
|
675,022 |
|
|
July |
0 |
1,272,145 |
|
|
799,247 |
|
|
699,680 |
|
|
August |
0 |
1,363,441 |
|
|
863,738 |
|
|
749,893 |
|
|
September |
0 |
1,111,896 |
|
|
720,826 |
|
|
611,543 |
|
|
October |
0 |
1,341,630 |
|
|
855,774 |
|
|
737,897 |
|
|
November |
0 |
1,336,342 |
|
|
850,958 |
|
|
734,988 |
|
|
December |
0 |
1,200,381 |
|
|
754,997 |
|
|
660,210 |
|
|
1,292,239 |
15,007,500 |
45,969 |
816,068 |
9,476,000 |
38,892 |
710,732 |
8,254,125 |
25,284 |
|