Finance Committee Agenda and Packet 2016 05 16

Home Browse Search

SUBJECT: RESOLUTION NO. XX, SERIES 2016 DATE: MAY 17, 2016 PAGE 11 OF 14 REVENUE AMENDMENTS — Changes to 2016 Revenue Budget (Appendix C to the Resolution) 010 - 001 - 41200 -00 Sales Tax ( +$63,290) 028 - 001 - 41200 -00 Sales Tax ( +$14,070) 033 - 001 - 41200 -00 Sales Tax ( +$5,270) 042 - 001 - 41200 -00 Sales Tax ( +$37,520) Adjustment to sales tax revenue to equal a 3.5% increase over 2015 actual sales tax revenue. 010 - 001 - 41205 -00 Use Tax — Consumer (- $47,650) 028 - 001 - 41205 -00 Use Tax — Consumer ( +$5,460) 033 - 001 - 41205 -00 Use Tax — Consumer (- $2,990) 042 - 001 - 41205 -00 Use Tax — Consumer (- $23,820) Adjustment to consumer use tax revenue to equal a new "baseline" amount of $1,450,000. 010 - 001 - 41210 -00 Use Tax — Auto ( +$127,620) 028 - 001 - 41210 -00 Use Tax — Auto ( +$15,950) 033 - 001 - 41210 -00 Use Tax — Auto ( +$1,610) Adjustment to auto use tax revenue to equal a 5% increase over 2015 actual auto use tax revenue. 010 - 001 - 41300 -00 Franchise Tax - Xcel ( +$11,630) Adjustment to franchise tax (Xcel) revenue to equal a 2% increase over 2015 actual franchise tax revenue (Xcel). 010 - 001 - 41320 -00 Franchise Tax - Comcast (- $4,550) Adjustment to franchise tax revenue (Comcast) to equal a 2.5% increase over 2015 actual franchise tax (Comcast) revenue. 010 - 001 - 41400 -00 Specific Ownership Tax ( +$15,280) Adjustment to specific ownership tax revenue to equal a 5% increase over 2015 actual specific ownership tax revenue. 010 - 001 - 41500 -00 Lodging Tax ( +$8,170) Adjustment to lodging tax revenue to equal a 6% increase over 2015 actual lodging tax revenue. 010- 001 - 43310 -00 Cigarette Tax (- $7,490) Adjustment to cigarette tax revenue to equal a 5% decrease from 2015 actual cigarette tax revenue. 010 - 001 - 43311 -00 Marijuana Tax ( +$22,010) CITY COUNCIL COMMUNICATION 22