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CITY COUNCIL COMMUNICATION <br />GENDA ITEM ___ <br />A <br />SUBJECT: SALES TAX REPORTS FOR THE MONTH ENDED JANUARY 31, <br />2014 <br />DATE:MARCH 17, 2014 <br />PRESENTED BY: PENNEY BOLTE, FINANCE DEPARTMENT <br />SUMMARY: <br />Attached are the monthly revenue reports for sales tax, lodging tax, auto use tax, <br />consumer use tax and building use tax for the month ending January 31, 2014. Also <br />included are monthly reports on sales tax revenue by area and by industry. <br />The total revenue for the taxes contained in these reports for period ending January <br />2014 is up 5.7% YTD over 2013. <br />Sales tax revenue for the month of January 2014 ended with revenue up 2.5% over <br />January 2013. <br />Sales tax revenue for the top 50 vendors increased 1% for the month of January 2014. <br />Gains for the month include General Merchandise (3.2%), Telecom/Utilities (10.7%), <br />and Hotels (7.2%). The declining sectors for January include Grocery (-5.5%), Home <br />Improvement (-1%), and Restaurants (-1.3%). The decline in the grocery sector is <br />attributable to typical timing differences in filing periods from year to year, and the small <br />decline for restaurants due primarily to the allowable deductions taken for utility <br />consumption. <br />Lodging tax revenue for the month of January 2014 increased 7.9% from January 2013. <br />Auto use tax revenue for January 2014 increased 62.6% from January 2013. <br />Building use tax revenue for January 2014 decreased 78% from January 2013. <br />Consumer use tax revenue for January 2014 increased 279% from January 2013. <br />Approximately $84K in consumer use tax for the month was received through audit. <br />CITY COUNCIL COMMUNICATION <br />16 <br />