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L <br />City of <br />Louisville <br />COLORADO - SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />SUBJECT: SALES TAX REPORTS FOR THE MONTH ENDED JUNE 30, <br />2016 <br />DATE: AUGUST 15, 2016 <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 June 30, 2016. Also <br />included are the monthly and quarterly reports on sales tax revenue by area, by <br />industry, the revenue by area graphs for restaurants, and the historical sales tax <br />revenue report. <br />Total revenues for the taxes contained in these reports through June 2016 are up <br />16.8% YTD over 2015. <br />Please note that the following reports have been updated from comparison to budget to <br />comparison to current projections. <br />The month of June 2016 ended with sales tax revenue up 8.7% from June 2015. YTD <br />revenue for 2016 is 5.8% above 2015 and 0.7% above current projections. <br />Sales tax revenue for the top 50 vendors increased 3.7% for the month of June 2016, <br />and is 3.8% above 2015 YTD. Gains through June 2016 include the sectors: Grocery <br />(10.5%), Hotels (6.6%), and Home Improvement (5.6%). Declines YTD include the <br />sectors: General Merchandise (-0.4%), Restaurants (-2.7%), and <br />Telecommunications/Utilities (-3.8%). <br />Lodging tax revenue for June 2016 increased 8.4% from June 2015. YTD revenues are <br />up 5.2% compared to 2015, and lodging tax revenue is currently 0.1% above current <br />projections. <br />Auto use tax revenue for June 2016 increased 10.2% from June 2015. YTD revenues <br />are up 2.4% compared to 2015, but are currently 6.5% below current projections. <br />Building use tax revenue for June 2016 increased 1102.2% from June 2015. YTD <br />revenues are up 129.5% from 2015 revenues and are 10.2 above current projections. <br />Consumer use tax revenue for June 2016 increased 9% from June 2015 and YTD <br />revenues are 38.7% above 2015. Consumer use tax collections through June 2016 are <br />$916,768 which is 50.8% above current projections. <br />FINANCE COMMITTEE COMMUNICATION <br />