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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 ENDED MARCH 31, <br />2020 <br /> <br />DATE: MAY 19, 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 March 31, 2020. Also <br />included are the monthly and quarterly reports on sales tax revenue by area, by industry <br />(in total, and by inside and outside City), revenue by area graphs for restaurants, and <br />historical revenue. <br /> <br />Total revenue through March 2020 for the specific taxes contained on the Revenue <br />History report, increased 3.6% YTD from the same period in 2019. <br /> <br />Excluding audit revenue, sales tax is trending 8% above 2019 YTD. <br /> <br />Excluding audit revenue, consumer use tax is trending 4.9% above 2019 YTD. <br /> <br /> <br />Sales tax revenue for March 2020 increased 6.8% from March 2019. YTD sales tax <br />revenue for Q1-2020 is 6.8% above 2019 and 2.4% above budget. <br /> <br />Lodging tax revenue for March 2020 decreased 36% from March 2019, and YTD revenue <br />for Q1-2020 is down 19.6% as compared to 2019. Lodging tax revenue is currently 23.5% <br />below budget. <br /> <br />Auto use tax revenue for March 2020 decreased 52% from March 2019. YTD revenue <br />for Q1-2020 is down 24.1% to 2019 and 10% below budget. <br /> <br />Building use tax revenue for March 2020 increased 55.5% from March 2019. YTD <br />revenue for Q1-2020 is 15.5% above 2019 revenue YTD, and 5.3% above budget. <br /> <br />Consumer use tax revenue for March 2020 decreased 19.3% from March 2019 and YTD <br />revenue for Q1-2020 is currently 2.6% below 2019. Consumer use tax is 2.8% above <br />budget. <br /> <br /> <br />10