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    Aug 2010 Sales Tax

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    The August 2010 sales tax receipts for the City of Dallas totaled $15,528,657, representing a 6.1% increase from August 2009 and a 3.5% increase from the most recent projection. While the August receipts exceeded projections, year-to-date sales tax revenue remains below budget and the previous fiscal year due to lower than expected receipts earlier in the year. The City will continue monitoring sales tax forecasts closely.

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    Aug 2010 Sales Tax

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    cityhallblog
    1K views2 pages
    The August 2010 sales tax receipts for the City of Dallas totaled $15,528,657, representing a 6.1% increase from August 2009 and a 3.5% increase from the most recent projection. While the August receipts exceeded projections, year-to-date sales tax revenue remains below budget and the previous fiscal year due to lower than expected receipts earlier in the year. The City will continue monitoring sales tax forecasts closely.

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    The August 2010 sales tax receipts for the City of Dallas totaled $15,528,657, representing a 6.1% increase from August 2009 and a 3.5% increase from the most recent projection. While the August receipts exceeded projections, year-to-date sales tax revenue remains below budget and the previous fiscal year due to lower than expected receipts earlier in the year. The City will continue monitoring sales tax forecasts closely.

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    1K views2 pages

    Aug 2010 Sales Tax

    Uploaded by

    cityhallblog
    The August 2010 sales tax receipts for the City of Dallas totaled $15,528,657, representing a 6.1% increase from August 2009 and a 3.5% increase from the most recent projection. While the August receipts exceeded projections, year-to-date sales tax revenue remains below budget and the previous fiscal year due to lower than expected receipts earlier in the year. The City will continue monitoring sales tax forecasts closely.

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    of 2

    Memorandum

    CITY OF DALLAS
    Date October 6, 2010

    To The Honorable Mayor and Members of the City Council

    Subject Sales Tax Receipts

    The August sales tax receipts from the State Comptroller’s Office are $15,528,657. This
    represents a 6.1% increase compared to the same month’s actual last year and a 3.5% increase
    compared to the most recent August projection.

    • August 2009 actual $ 14,636,058


    • August 2010 original budget $ 14,452,302
    • August 2010 projection $ 15,009.427
    • August 2010 actual S 15,528.657

    We will continue to closely monitor our sales tax forecast and keep you informed.

    City Manager

    Attachment

    C: Ryan S. Evans, First Assistant City Manager


    A.C. Gonzalez, Assistant City Manager
    Jill A. Jordan, P.E.. Assistant City Manager
    Forest Turner, Assistant City Manager
    Jeanne Chipperfield, Chief Financial Officer

    “Dallas — Together, we do it better!”


    _____________________ ______________________

    SALES TAX

    ACTUAL BUDGET ACTUAL VARIANCE VARIANCE


    FY 2008-09 FY 2009-10 FY 2009-10 FY 09-10 TO FY 08-09 FY 09-10 TO BUDGET

    OCT $15,396,379 $17,274,959 $1 4,583.52 I ($81 2,858) ($2,691,438)


    NOV 18.341,544 15.707.695 14,601.029 (3,740.515) (I 106.666)
    DEC 23,677,893 24,137,844 22,692,446 (985,447) (1.445,398)
    JAN 15.143,063 15.241.299 15,256,506 113,443 15,207
    FEB 4.449.930 14,384,994 13,818.524 (631,406) (566,470)
    MAR 20.254,879 20.430.978 21,109,620 854,741 678,642
    APR 15,965,464 15.294,220 15,354,957 (610.507) 60.737
    MAY 14,960,508 14.719,488 15.9 15,967 955,459 1,196.479
    JUiN 20.393.006 20.507,598 20.719,458 326,452 211,860
    JUL 15,066,476 14,949.286 15,163.251 96,775 213.965
    AUG 14,636,058 14,452.302 15.528,657 892,599 1,076.355
    SEP 18,628,822 19,473,286

    TOTAL $206,914,022 $206,573,949 $184,743,936 ($3,541,264) ($2,356,727)

    MONTHLY SALES TAX REVENUEj


    [‘V 08/09-09/10 COMPARISON I

    S20

    w
    6
    Z
    >

    SW

    0 C — — — — L — —

    ÜFYO8-O9ACTUAL LIFYO9-IOBUDGET FYO9-IOACTUAL I

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