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LL �t�'.t'f FINANCE COMMITTEE <br />Loll sville COMMUNICATION <br />COLORADO • SINCE 1878 <br />SUBJECT: SALES TAX REPORTS FOR THE MONTH AND QUARTER ENDED <br />JUNE 30, 2021 <br />DATE: AUGUST 23, 2021 <br />PRESENTED BY: JEANETTE LONGORIA, TAX MANAGER <br />SUMMARY: <br />Attached are the monthly and quarterly revenue reports for sales tax, lodging tax, auto use <br />tax, consumer use tax, and building use tax for the periods ending June 30, 2021. <br />Included are the monthly and year-to-date sales tax revenue reports by area, by industry (in <br />total, and for inside and outside City), and the revenue by area graphs for restaurants. <br />Total revenue through June 2021 for the specific taxes contained on the Revenue History <br />report has increased 17.4% YTD as compared to the same period in 2020. <br />Excluding audit revenue, sales tax is trending 13.3% above YTD 2020, and consumer use <br />tax is trending 17.0% above YTD 2020. <br />Please note, the budget comparisons provided are to the 2021 budget. <br />Sales tax revenue for the month of June 2021 increased 12.7% from June 2020, and YTD <br />sales tax revenue is 12.1 % above YTD 2020. Sales tax revenue is currently 9.9% above <br />budget. <br />Lodging tax revenue for June 2021 increased 103.8% from June 2020, and YTD revenue is <br />up 8.2% as compared to YTD 2020. Lodging tax revenue is currently 14.5% below budget. <br />Auto use tax revenue for June 2021 increased 19.4% from June 2020, and YTD revenue <br />increased 47.5% as compared to YTD 2020. Auto use tax revenue is currently 31.4% above <br />budget. <br />Building use tax revenue for June 2021 decreased 35.7% from June 2020, and YTD revenue <br />increased 58.6% as compared to YTD 2020. Building use tax revenue is 72.1 % above <br />budget. <br />FINANCE COMMITTEE COMMUNICATION <br />59 <br />