Memorandum
City of Lawrence
Finance Department
To: Dave Corliss, City Manager
From: Ed Mullins, Finance Director
Date: March 4, 2014
Subject: Sales Tax Distribution
The
City of Lawrence has recently received its February sales tax
distribution. The distribution is the result of retail sales from mid-December
to mid-January. The distribution of $3,045,383 is $140,000 more than the
prior year distribution for the same month.
It also includes $6,099.51 from the Free State Transportation
Development District and $6,733.40 from the Oread District. The distribution also includes other amounts
that will be paid to the Oread Tax Increment Financing District.
The
2014 budget for the total sales and use tax distribution is $33,556,100. A summary of the latest city sales/use tax
distribution is shown in the table below.
|
Sales/Use
Tax |
Budget |
Month |
Year to Date |
% of Budget |
|
City
1% |
$15,397,129 |
$1,391,135 |
$2,743,296 |
17.8% |
|
Infrastructure
.3% |
$4,619,139 |
$417,340 |
$822,989 |
17.8% |
|
Transit
.2% |
$3,079,426 |
$278,227 |
$548,659 |
17.8% |
|
Transit
Eq. .05% |
$769,856 |
$69,557 |
$137,165 |
17.8% |
|
County
1% |
$9,690,550 |
$876,292 |
$1,725,487 |
17.8% |
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 |
|
|
|
|
|||
|
Feb 2014 |
Feb 2013 |
|
|
|
|||
|
NAICS |
Description |
Amount |
Percent |
Percent |
|
|
|
|
22 |
Utilities |
139,320.55 |
7.14% |
6.03% |
|
|
|
|
23 |
Construction |
39,213.73 |
2.01% |
2.55% |
|
|
|
|
31-33 |
Manufacturing |
21,786.46 |
1.12% |
1.40% |
|
|
|
|
42 |
Wholesale Trade |
85,592.13 |
4.39% |
4.57% |
|
|
|
|
44-49 |
Retail Trade and Transportation |
1,181,357.19 |
60.58% |
59.60% |
|
|
|
|
51-62 |
Information and Professional Services |
150,308.51 |
7.71% |
7.86% |
|
|
|
|
71-72 |
Accommodation and Food Services |
207,453.21 |
10.64% |
12.29% |
|
|
|
|
81-99 |
Services and Other |
124,896.09 |
6.41% |
5.70% |
|
|
|
|
1,949,927.87 |
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 |
1,352,161 |
1,320,914 |
31,247 |
849,195 |
826,105 |
23,090 |
743,689 |
726,503 |
17,186 |
|
February
|
1,391,135 |
1,352,124 |
39,011 |
876,292 |
846,899 |
29,393 |
765,124 |
743,668 |
21,456 |
|
March |
0 |
1,266,552 |
|
|
797,422 |
|
|
696,604 |
|
|
April |
0 |
1,123,866 |
|
|
706,470 |
|
|
618,126 |
|
|
May |
0 |
1,239,377 |
|
|
778,139 |
|
|
681,657 |
|
|
June |
0 |
1,220,973 |
|
|
770,066 |
|
|
671,535 |
|
|
July |
0 |
1,348,818 |
|
|
849,859 |
|
|
741,850 |
|
|
August |
0 |
1,345,645 |
|
|
847,559 |
|
|
740,105 |
|
|
September |
0 |
1,268,662 |
|
|
803,749 |
|
|
697,764 |
|
|
October |
0 |
1,352,896 |
|
|
847,730 |
|
|
744,093 |
|
|
November |
0 |
1,243,334 |
|
|
789,907 |
|
|
683,834 |
|
|
December |
0 |
1,313,968 |
|
|
826,645 |
|
|
722,682 |
|
|
2,743,296 |
15,397,129 |
70,258 |
1,725,487 |
9,690,550 |
52,483 |
1,508,813 |
8,468,421 |
38,642 |
|