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SUBJECT: SALES TAX REPORTS FOR THE MONTH ENDED JUNE 30, 2016 <br />DATE: AUGUST 15, 2016 <br />PAGE2OF2 <br />The monthly and quarterly sales tax revenue by area reports represent the YTD retail <br />health of various quadrants of the City. These reports include all vendors remitting tax <br />to the City. <br />Please note that a large correction was made for the June filing period to correct <br />vendor(s) area codes that were miscoded to the McCaslin North area and should have <br />been Outside City. <br />The Monthly Revenue by Area report for June 2016 indicates gains in all areas except; <br />CTC, Pine Street, Centennial Valley, and Residential which all declined for the month. <br />The Quarterly Revenue by Area sales tax report through 2nd quarter 2016 is a one- <br />page snapshot for major areas in the City. The original sectors are combined into <br />Western, Eastern, Northern, Central and Outside City areas. All major areas of the City <br />recognized gains through 2nd quarter 2016. <br />The monthly and quarterly sales tax revenue by industry reports represent the retail <br />health of individual industry sectors of the City. These reports include all vendors <br />remitting tax to the City. <br />Please note that a correction was made for the June filing period to correct vendor(s) <br />industry codes that were miscoded to the Food Stores industry and should have been <br />Automotive. <br />The Monthly Revenue by Industry report for June 2016 indicates gains in all sectors <br />except, General Merchandise, Manufacturing, and Agriculture. <br />As with the Quarterly Revenue by Area report, the Quarterly Revenue by Industry sales <br />tax report through 2nd quarter 2016 represents industry sectors that have been grouped <br />together and are color -coded. All major industry sectors ended up for the quarter <br />except Other Retail and General Merchandise. <br />The Restaurant Revenue graphs indicate Eating and Drinking establishment revenue <br />remains up overall. The end of the 2nd quarter brought about a flattening of revenues <br />for Downtown and SBR/Hwy 42 restaurants which ended at similar levels as were <br />attained in 2015. Restaurants in Louisville Plaza, McCaslin North and the Interchange <br />all ended up for the quarter. <br />The Historical quarterly report indicates the revenue for 2nd quarter 2016 as the highest <br />2nd quarter of sales tax revenue recorded by the City. <br />FINANCE COMMITTEE COMMUNICATION <br />