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<br /> <br /> <br /> <br /> <br />FINANCE COMMITTEE COMMUNICATION <br /> <br />FINANCE COMMITTEE <br />COMMUNICATION <br />SUBJECT: SALES TAX REPORTS FOR THE MONTH AND QUARTER <br />ENDED DECEMBER 31, 2019 <br /> <br />DATE: FEBRUARY 18, 2020 <br /> <br />PRESENTED BY: PENNEY BOLTE, FINANCE DEPARTMENT <br /> <br /> <br />SUMMARY: <br /> <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 December 31, 2019. Also <br />included are the monthly and quarterly reports on sales tax revenue by area, by industry, <br />revenue by area graphs for restaurants, and historical sales tax revenue. <br /> <br />Total revenue through December 2019 for the specific taxes contained on the Revenue <br />History report, increased 6.2% for the year as compared to the same period in 2018. <br /> <br />Sales tax revenue for December 2019 decreased 0.8% from December 2018. YTD sales <br />tax revenue for 2019 ended 11.6% above 2018 and 3.5% above projections. Excluding <br />audit revenue, 2019 sales tax revenue trended 5% above 2018. <br /> <br />Lodging tax revenue for December 2019 decreased 1.9% from December 2018, and <br />YTD revenue ended down 3.8% as compared to 2018. Lodging tax revenue finished <br />1.3% above projections for the year. <br /> <br />Auto use tax revenue for December 2019 decreased 14% from December 2018. YTD <br />auto use tax revenue decreased 14.6% from 2018 and finished the year 0.5% above <br />projections. <br /> <br />Building use tax revenue for December 2019 decreased 8.1% from December 2018. <br />The year ended with revenue 9.5% below 2018, and 9.4% below projections. <br /> <br />Consumer use tax revenue for the month of December 2019 decreased 18.7% from <br />December 2018 but finished the year 3% above 2018. Consumer use tax ended 12.4% <br />below projections, but excluding audit revenue, finished the year 19.1% above 2018. <br /> <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 to <br />the City. <br /> <br />The Monthly Revenue by Area report for December 2019 was flat overall to December <br />2018. There were gains in some sectors offset by declines in other areas. Some factors <br />13Agenda Packet P. 14