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2023-01 NO Meeting - Sales Tax Report
Memo To:Steve Crowell From:Shelby Convery Date:January 6, 2023 Re:Sales Tax Revenues The City received the January 1% Sales Tax in the amount of $1,259,616 which is $232,968 more than projected for December. January overage is $232,968 (1.73%) in the General Fund. 1% General Sales Tax Receipt Actual Budget Period Receipts Projection Variance Nov-22 Jan-23 $1,259,616 $1,026,648 $232,968 Dec-22 Feb-23 $1,120,272 Jan-23 & Oct-Dec 22 Qtrly Mar-23 $1,125,672 Feb-23 Apr-23 $959,706 Mar-23 May-23 $941,216 Apr-23 & Jan-Mar 23 Qtrly Jun-23 $1,289,592 May-23 Jul-23 $1,135,175 Jun-23 Aug-23 $1,147,955 Jul-23 & Apr-June 23 Qtrly Sep-23 $1,270,875 Aug-23 Oct-23 $1,170,133 Sep-23 Nov-23 $1,051,691 Oct-23 & Jul-Sept 23 Qtrly Dec-23 $1,261,065 Total Overage/Shortfall $1,259,616 $13,500,000 $232,968 1/2% Capital Improvement Tax - Sales Tax G & H Receipt Actual Budget Period Receipts Projection Variance Nov-22 Jan-23 $614,170 $ 519,792 $94,378 Dec-22 Feb-23 $ 556,425 Jan-23 & Oct-Dec 22 Qtrly Mar-23 $ 563,512 Feb-23 Apr-23 $ 477,122 Mar-23 May-23 $ 474,411 Apr-23 & Jan-Mar 23 Qtrly Jun-23 $ 641,494 May-23 Jul-23 $ 572,975 Jun-23 Aug-23 $ 577,523 Jul-23 & Apr-June 23 Qtrly Sep-23 $ 636,773 Aug-23 Oct-23 $ 578,954 Sep-23 Nov-23 $ 520,413 Oct-23 & Jul-Sept 23 Qtrly Dec-23 $ 630,606 Total Overage/Shortfall $614,170 $6,750,000 $94,378 1/2% Parks Sales Tax Receipt Actual Budget Period Receipts Projection Variance Nov-22 Jan-23 $614,170 $ 469,739 $144,431 Dec-22 Feb-23 $ 502,835 Jan-23 & Oct-Dec 22 Qtrly Mar-23 $ 509,438 Feb-23 Apr-23 $ 431,180 Mar-23 May-23 $ 428,728 Apr-23 & Jan-Mar 23 Qtrly Jun-23 $ 579,722 May-23 Jul-23 $ 517,610 Jun-23 Aug-23 $ 521,910 Jul-23 & Apr-June 23 Qtrly Sep-23 $ 575,455 Aug-23 Oct-23 $ 523,202 Sep-23 Nov-23 $ 470,300 Oct-23 & Jul-Sept 23 Qtrly Dec-23 $ 569,882 Total Overage/Shortfall $614,170 $6,100,000 $144,431 1/4% Public Safety Tax Receipt Actual Budget Period Receipts Projection Variance Nov-22 Jan-23 $305,603 $ 259,896 $45,707 Dec-22 Feb-23 $ 278,212 Jan-23 & Oct-Dec 22 Qtrly Mar-23 $ 281,756 Feb-23 Apr-23 $ 238,561 Mar-23 May-23 $ 237,206 Apr-23 & Jan-Mar 23 Qtrly Jun-23 $ 320,747 May-23 Jul-23 $ 286,487 Jun-23 Aug-23 $ 288,761 Jul-23 & Apr-June 23 Qtrly Sep-23 $ 318,386 Aug-23 Oct-23 $ 289,477 Sep-23 Nov-23 $ 260,207 Oct-23 & Jul-Sept 23 Qtrly Dec-23 $ 315,303 Total Overage/Shortfall $305,603 $3,375,000 $45,707 Period Reporting Period Reporting Period Reporting Period Reporting City of Jefferson, Mo. - Account Analysis Account Name General Fund Sales Tax Rate: One percent (1%) Receipt Month: JANUARY 2023 Account Number 10-100-400010 Prior 5 years Monthly REPORTING PERIOD RECEIPT PERIOD 2015 2016 2017 2018 2019 2020 2021 2022 2023 Average Nov January 944,619 929,179 1,083,570 884,259 1,071,917 1,049,305 986,180 1,023,976 1,259,616 act. 1,003,128 Dec February 727,437 812,670 806,789 927,290 885,496 942,049 971,262 1,222,207 1,120,272 est. 989,661 Jan & Oct-Dec Qtrly March 1,091,021 1,183,675 1,073,842 1,155,742 1,088,631 1,066,146 1,115,596 1,103,825 1,125,672 est. 1,105,988 Feb April 1,059,943 893,024 843,561 986,714 892,285 949,276 895,779 1,000,444 959,706 est. 944,900 Mar May 618,854 648,305 687,741 709,248 731,421 828,799 861,134 981,749 941,216 est. 822,470 Apr & Jan-Mar Qtrly June 1,045,933 1,119,566 1,000,942 1,042,310 1,126,211 1,093,256 1,297,057 1,227,939 1,289,592 est. 1,157,354 May July 963,280 1,012,207 1,154,051 1,117,038 979,846 1,139,419 1,112,675 1,109,974 1,135,175 est. 1,091,790 Jun August 562,996 661,518 678,636 821,132 770,155 912,996 996,635 1,251,810 1,147,955 est. 950,546 Jul & Apr-Jun Qtrly September 1,185,891 1,197,976 1,143,504 1,129,543 1,262,838 1,228,769 1,224,960 1,263,389 1,270,875 est. 1,221,900 Aug October 918,839 903,829 883,215 879,331 875,539 1,020,452 1,113,777 1,177,321 1,170,133 est. 1,013,284 Sept November 661,849 623,645 615,667 774,337 818,656 856,748 971,814 1,087,375 1,051,691 est. 901,786 Oct & Jul-Sept Qtrly December 1,075,638 1,016,682 1,333,160 1,043,108 1,008,620 1,131,896 1,231,564 1,237,576 1,261,065 est. 1,130,553 Actual to Date $ 10,856,302 $ 11,002,277 $ 11,304,678 $ 11,470,052 $ 11,511,614 $ 12,219,110 $ 12,778,432 $ 13,687,585 $1,259,616 Estimated to Fiscal Year end (based on averages and on Budgeted amount)$12,473,352 Total Actual & Estimated $13,732,968 Less: Budget $13,500,000 Over (Under) Budget $232,968 1,259,6161,259,616 1,259,616 1,259,616 1,259,616 1,259,616 1,259,616 1,259,616 1,259,616 1,259,616 1,259,616 1,259,616 1,026,648 2,146,920 3,272,591 4,232,297 5,173,513 6,463,106 7,598,280 8,746,235 10,017,111 11,187,244 12,238,935 13,500,000 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 5,500,000 6,000,000 6,500,000 7,000,000 7,500,000 8,000,000 8,500,000 9,000,000 9,500,000 10,000,000 10,500,000 11,000,000 11,500,000 12,000,000 12,500,000 13,000,000 13,500,000 14,000,000 14,500,000 Nov Dec Jan & Oct‐Dec Qtrly Feb Mar Apr & Jan‐Mar Qtrly May Jun Jul & Apr‐Jun Qtrly Aug Sept Oct & Jul‐Sept Qtrly REPORTING PERIOD YTD Actuals vs. YTD Budget Actual Budget Printed 1/13/2023 City of Jefferson, Mo. - Account Analysis Account Name Capital Imprs Sales Tax Rate: One-Half percent (½%) Receipt Month: JANUARY 2023 Account Number 46-100-400010 Prior 5 years Monthly REPORTING PERIOD RECEIPT PERIOD 2015 2016 2017 2018 2019 2020 2021 2022 2023 Average Nov January 461,560 455,278 525,521 424,160 525,696 513,808 483,288 509,721 614,170 act. 491,335 Dec February 362,597 405,543 402,964 444,476 427,711 458,324 473,674 589,318 556,425 est. 478,700 Jan & Oct-Dec Qtrly March 511,685 563,056 506,597 575,894 527,714 518,493 542,898 534,222 563,512 est. 539,844 Feb April 512,808 431,353 411,020 455,943 430,468 458,553 430,804 480,689 477,122 est. 451,291 Mar May 308,247 322,957 340,162 340,740 351,775 402,202 430,383 475,930 474,411 est. 400,206 Apr & Jan-Mar Qtrly June 496,466 539,529 489,008 508,225 554,062 537,105 626,235 599,274 641,494 est. 564,980 May July 473,120 498,229 559,119 548,625 481,405 560,720 547,153 547,456 572,975 est. 537,072 Jun August 280,733 330,112 338,618 393,512 372,416 443,962 487,128 616,545 577,523 est. 462,713 Jul & Apr-Jun Qtrly September 565,296 570,134 542,457 545,731 615,998 597,489 596,853 619,635 636,773 est. 595,141 Aug October 442,371 435,416 425,493 423,478 421,199 494,618 538,917 567,114 578,954 est. 489,065 Sept November 330,393 310,506 307,281 374,512 395,311 415,079 469,176 525,019 520,413 est. 435,819 Oct & Jul-Sept Qtrly December 515,478 494,218 652,070 510,228 495,454 558,134 604,664 600,044 630,606 est. 553,705 Actual to Date $ 5,260,753 $ 5,356,330 $ 5,500,311 $ 5,545,522 $ 5,599,211 $ 5,958,488 $ 6,231,172 $ 6,664,966 $614,170 Estimated to Fiscal Year end (based on averages and on Budgeted amount)$6,230,208 Total Actual & Estimated $6,844,378 Less: Budget $6,750,000 Over (Under) Budget $94,378 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 519,792 1,076,217 1,639,728 2,116,851 2,591,262 3,232,756 3,805,731 4,383,254 5,020,027 5,598,981 6,119,394 6,750,000 100,000 350,000 600,000 850,000 1,100,000 1,350,000 1,600,000 1,850,000 2,100,000 2,350,000 2,600,000 2,850,000 3,100,000 3,350,000 3,600,000 3,850,000 4,100,000 4,350,000 4,600,000 4,850,000 5,100,000 5,350,000 5,600,000 5,850,000 6,100,000 6,350,000 6,600,000 6,850,000 7,100,000 Nov Dec Jan & Oct‐Dec Qtrly Feb Mar Apr & Jan‐Mar Qtrly May Jun Jul & Apr‐Jun Qtrly Aug Sept Oct & Jul‐Sept Qtrly REPORTING PERIOD YTD Actuals vs. YTD Budget Actual Budget Printed 1/13/2023 City of Jefferson, Mo. - Account Analysis Account Name Parks Sales Tax Rate: One-Half percent (½%) Receipt Month: JANUARY 2023 Account Number 21-210-400010 Prior 5 years Monthly REPORTING PERIOD RECEIPT PERIOD 2015 2016 2017 2018 2019 2020 2021 2022 2023 Average Nov January 461,472 455,239 525,521 424,192 525,690 513,808 483,288 509,721 614,170 act. 491,340 Dec February 362,371 405,543 395,217 450,479 427,689 458,324 473,676 589,297 502,835 est. 479,893 Jan & Oct-Dec Qtrly March 511,582 563,039 506,524 577,148 527,588 518,493 542,898 534,624 509,438 est. 540,150 Feb April 512,738 431,353 411,020 457,060 430,459 458,632 430,808 480,688 431,180 est. 451,529 Mar May 308,030 322,957 340,162 340,708 350,479 402,202 430,383 475,930 428,728 est. 399,941 Apr & Jan-Mar Qtrly June 496,386 539,529 489,008 508,266 554,065 537,107 626,235 599,274 579,722 est. 564,989 May July 473,038 498,229 559,115 548,639 481,406 560,720 547,152 547,054 517,610 est. 536,994 Jun August 280,513 330,112 338,470 393,578 372,405 443,965 487,128 616,545 521,910 est. 462,724 Jul & Apr-Jun Qtrly September 565,217 572,847 542,457 545,842 616,012 597,492 596,854 619,635 575,455 est. 595,167 Aug October 442,370 435,416 425,497 423,387 421,199 494,618 538,913 567,114 523,202 est. 489,046 Sept November 330,393 310,506 307,305 374,484 395,311 415,079 469,176 525,019 470,300 est. 435,814 Oct & Jul-Sept Qtrly December 515,368 494,218 652,101 510,220 495,452 558,134 604,664 600,044 569,882 est. 553,703 Actual to Date $ 5,259,477 $ 5,358,988 $ 5,492,397 $ 5,554,002 $ 5,597,755 $ 5,958,575 $ 6,231,173 $ 6,664,945 $614,170 Estimated to Fiscal Year end (based on averages and on Budgeted amount)$5,630,261 Total Actual & Estimated $6,244,431 Less: Budget $6,100,000 Over (Under) Budget $144,431 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 614,170 469,739 972,574 1,482,012 1,913,192 2,341,920 2,921,642 3,439,251 3,961,161 4,536,616 5,059,818 5,530,118 6,100,000 100,000 350,000 600,000 850,000 1,100,000 1,350,000 1,600,000 1,850,000 2,100,000 2,350,000 2,600,000 2,850,000 3,100,000 3,350,000 3,600,000 3,850,000 4,100,000 4,350,000 4,600,000 4,850,000 5,100,000 5,350,000 5,600,000 5,850,000 6,100,000 6,350,000 6,600,000 Nov Dec Jan & Oct‐Dec Qtrly Feb Mar Apr & Jan‐Mar Qtrly May Jun Jul & Apr‐Jun Qtrly Aug Sept Oct & Jul‐Sept Qtrly REPORTING PERIOD YTD Actuals vs. YTD Budget Actual Budget Printed 1/13/2023 City of Jefferson, Mo. - Account Analysis Account Name Public Safety Rate: One-Quarter percent (1/4%) Receipt Month: JANUARY 2023 Account Number 55-100-400010 REPORTING PERIOD RECEIPT PERIOD 2022 2023 Nov January 0.00 305,603 act. Dec February 0.00 278,212 est. Jan & Oct-Dec Qtrly March 0.00 281,756 est. Feb April 0.00 238,561 est. Mar May 0.00 237,206 est. Apr & Jan-Mar Qtrly June 194,548.64 320,747 est. May July 239,893.32 286,487 est. Jun August 303,285.52 288,761 est. Jul & Apr-Jun Qtrly September 308,722.21 318,386 est. Aug October 281,012.20 289,477 est. Sept November 259,718.13 260,207 est. Oct & Jul-Sept Qtrly December 297,156.18 315,303 est. Actual to Date $1,884,336 $305,603 Estimated to Fiscal Year end (based on averages and on Budgeted amount)$3,115,104 Total Actual & Estimated $3,420,707 Less: Estimated Revenue $3,375,000 Over (Under) Budget $45,707 305,603305,603 305,603 305,603 305,603 305,603 305,603 305,603 305,603 305,603 305,603 305,603 259,896 538,108 819,864 1,058,425 1,295,631 1,616,378 1,902,866 2,191,627 2,510,013 2,799,490 3,059,697 3,375,000 100,000 350,000 600,000 850,000 1,100,000 1,350,000 1,600,000 1,850,000 2,100,000 2,350,000 2,600,000 2,850,000 3,100,000 3,350,000 3,600,000 Nov Dec Jan & Oct‐Dec Qtrly Feb Mar Apr & Jan‐Mar Qtrly May Jun Jul & Apr‐Jun Qtrly Aug Sept Oct & Jul‐Sept Qtrly REPORTING PERIOD YTD Actuals vs. YTD Budget Actual Budget Printed 1/13/2023