Mayor Ben McAdams 2018 Proposed June...

Mayor Ben McAdams

2018 Proposed June Budget

June 5, 2018

Mayor McAdams June Budget Presentation

• Doug MacDonald & Scott Smith – Economic Overview

• Rod Kitchens – Revenue Update

• Darrin Casper – Proposed Budget Adjustments

1

ECONOMIC OVERVIEWDoug MacDonald / Scott Smith

2

2018 Projections: Current vs. October

3

The World

4

Source: The Economist, May 26, 2018

World Real Growth Up 3.4% in 2018

5

The Nation

Source: IHS Markit

U.S. GDP up 2.8% in 2018

7

2018 U.S. growth improves to 2.8%

• The U.S. is in the middle of the pack—principal drivers of growth are: – domestic demand– business equipment

• Prospects for consumer spending (70% of GDP, growing 2.4%) still look pretty good, thanks to:– solid jobs and income growth – relatively low interest rates – high home prices

• Capital spending on structures and equipment will improve 7.2% in 2018

8

Consumers Still Confident

9

Consumer Sentiment BoostedUtah Home Price Increases +9.4% in 2017

10

Job Gains & Consumer SentimentBoosted Home Prices in 2017

11

The County Economy

Salt Lake Metro Job GrowthLeads LA, Phoenix & Denver

13

Unemployment Claims Down to 2006 Level(6 Month Leading Indicator for Jobs)

14

Utah Wages will be up 6.3% in 2018

16

The County EconomyAfter an 11% decline last year, Salt Lake County

new residential construction will be up 15% in 2018

17

Salt Lake County Construction

18Source: UofU, Gardner Institute

Car & Truck Sales – Strong from 2014 to 2017but the State’s first three months were up 0.9%

Salt Lake County $Billion

% Chg.

2014 $ 2.63 5.6%

2015 $ 2.83 7.1%

2016 $ 3.01 6.3%

2017 $ 3.22 7.2%

1Q 2018 Utah $ 1.55 0.9%

19

Salt Lake County Taxable Sales 4th Quarter 2017

20

(these 9 sectors account for 58% of all taxable sales)

Sales inMillion $

% Change FromPrior Year

Retail – Motor Vehicle $ 776 6.0 %Retail – General Merchandise 718 4.6Retail – Groceries 568 1.7 Retail – Building 365 17.2Non-store Retailers 176 104.5Services – Restaurants 579 5.9Services – Accommodations 127 6.9Bus. Inv. - Manufacturing 286 10.1Bus. Inv. - Wholesale Durables 598 15.0

Total $ 7,229 8.0 %

Source: Utah State Tax Commission

Seasonally Adjusted Sales TaxContinues Upward Trend

21

Washington County leads

SL County and Utah counties strong

22

June 2018 Economic Model Projection

23

Net Net Stax 4cast

REVENUE UPDATERod Kitchens

24

• Sales Taxes

• Property Taxes

• Motor Vehicle Fee-in-Lieu of Taxes

• Recorder Fees

• Summary

Revenue Update2018 Proposed June Budget

25

26

2018 Major RevenuesGeneral Fund

Property Taxes$143M42%

Sales Taxes$71M21%

Charges for Services,

Grants & Other$82M24%

Interfund Charges

$46M13%

$343M Total

2018 Sales Tax Revenue• Projected new growth for 2018 based on local and national

economic indicators, including– Wage and employment growth– Consumer Confidence– Vehicle sales and other leading indicators

• Information available from the Tax Commission on a two-month lag– Currently have actuals through March 2018– April information not available until June 21st

• Projections vetted with the Revenue Committee• Local Option Sales Tax

– Salt Lake County portion estimated with limited data and will need refinement as more data becomes available

– Revenue and expenditure budgets in this area will require flexibility and constant monitoring

27

2017 Sales TaxesActual vs. Forecast

28

6.9%

12.3% 12.3%

7.6%

4.8%

6.7%

4.7%

7.5%

8.5%

4.2% 4.3%5.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

CountyOption

TransientRoom

TransientRoomSupp.

CarRental

Restaurant ZAP

2017 Growth Y/YActual Fcst as of Oct '17 (June Adjusted Budget)

$1.3

$0.8

$0.1

$0.5

$0.1

$0.4

$0.0

$0.2

$0.4

$0.6

$0.8

$1.0

$1.2

$1.4

CountyOption

TransientRoom

TransientRoomSupp.

CarRental

Restaurant ZAP

2017 Revenue VarianceActual vs. Forecast ($M)

June 2018 Sales Tax Projection

29

Sales Tax ($M)2018

Adjusted Budget

2018 Adopted Budget

County Option General Fund 63.7 62.7 1.0 1.6% Transient Room Visitor Promo Fund 20.1 19.6 0.5 2.6% Transient Room Supp. TRCC Fund 2.8 2.7 0.1 3.7% Car Rental TRCC Fund 14.7 14.4 0.3 2.1% Restaurant TRCC Fund 25.0 25.0 - - ZAP ZAP & General F. 25.1 24.6 0.5 2.0% Local Option Unincorp SLCo 6.8 6.2 0.6 9.6% TOTAL 158.2 155.2 3.0 1.9%

Change


30* Projection for 2018 Adopted Budget completed in September 2017 with actuals data available through July 2017.

Sales Tax by Fund ($M)2018

Adjusted Budget

2018 Adopted Budget

County Option 63.7 62.7 1.0 1.6%

ZAP 7.4 7.3 0.1 2.0% TOTAL 71.1 70.0 1.1 1.6%

Visitor Promo Fund Transient Room 20.1 19.6 0.5 2.6% Transient

Room Supp. 2.8 2.7 0.1 3.7% Car Rental 14.7 14.4 0.3 2.1% Restaurant 25.0 25.0 - -

TOTAL 42.5 42.1 0.4 1.0%

ZAP Fund ZAP 17.7 17.3 0.4 2.0%

Unincorp SLCo Local Option 6.8 6.2 0.6 9.6%

TOTAL 158.2 155.2 3.0 1.9%

General Fund

TRCC Fund

Change

Sales Tax ($M)2018

Adjusted Budget

2017 Actual

County Option General Fund 63.7 60.5 3.2 5.3%

Transient Room Visitor Promo Fund 20.1 19.4 0.7 3.5%

Transient Room Supp. TRCC Fund 2.8 2.7 0.1 4.1%

Car Rental TRCC Fund 14.7 14.6 0.1 1.0%

Restaurant TRCC Fund 25.0 23.8 1.2 4.9%

ZAP ZAP & General F. 25.1 23.8 1.3 5.6%

Local Option* Unincorp SLCo 6.8 12.4 (5.6) (45%)

TOTAL 158.2 157.1 1.1 0.7%

Change


31* Local Option Sales Taxes began to be distributed to Metro Townships in the county beginning in July 2017. 1Q 2017 also included some Millcreek taxes.

County Option Sales Tax(0.25% tax — to General Fund)

32

606,000 1,518,000 Jun 0.6% 1.3% 29.3% 24.6% 4.3% 39 484,000 1,212,000 Jul 0.6% 1.3% 29.3% 24.5% 4.3% 39 561,000 1,405,000 Aug 0.6% 1.3% 29.3% 24.5% 4.3% 39 539,000 1,349,000 Sep 0.6% 1.3% 29.3% 24.5% 4.3% 40

493,000 1,235,000 Oct 0.6% 1.3% 29.3% 24.6% 4.3% 39 498,000 1,246,000 Nov 0.6% 1.3% 29.3% 24.5% 4.3% 40 634,700 1,586,896 Dec 0.6% 1.3% 29.3% 24.5% 4.3% 40

6,497,000 15,800,000 FY 2018 0.6% 1.3% 28.7% 24.0% 4.2% 4

6,196,000 15,100,000 Adopted Bud 0.6% 1.3% 28.8% 24.1% 4.3% 4 6,497,000 15,800,000 Adjusted Bud 0.6% 1.3% 28.7% 24.0% 4.2% 4

301,000 700,000 Difference 0.6% 1.3% 27.7% 23.3% 4.1% 43 4.9% 4.6%

Unincorp. SL County Subtotal

1,584 3,792 3Q 2017 0.6% 1.3% 28.4% 23.8% 4.2% 4 1,663 3,958 4Q 2017 0.6% 1.2% 28.2% 23.7% 4.2% 42 1,764 3,952 1Q 2018 0.6% 1.2% 27.0% 22.6% 4.0% 44 1,523 3,814 2Q 2018 0.6% 1.3% 29.3% 24.5% 4.3% 39 1,584 3,966 3Q 2018 0.6% 1.3% 29.3% 24.5% 4.3% 39 1,626 4,068 4Q 2018 0.6% 1.3% 29.3% 24.5% 4.3% 40

- -

3,246,925 7,749,705 2nd Half 2017 0.6% 1.3% 28.3% 23.8% 4.2% 4 3,287,300 7,766,104 1st Half 2018 0.6% 1.2% 28.1% 23.5% 4.2% 42 3,209,700 8,033,896 2nd Half 2018 0.6% 1.3% 29.3% 24.5% 4.3% 40

$2.0

Local Option Sales Tax

NE 9,200 19,700 444,600 372,700 65,800 606,000 1,518,000 LY 7,400 15,700 354,800 297,500 52,600 484,000 1,212,000 GUST 8,500 18,200 411,500 344,900 60,900 561,000 1,405,000 PTEMBER 8,200 17,500 394,800 331,000 58,500 539,000 1,349,000

CTOBER 7,500 16,000 361,700 303,200 53,600 493,000 1,235,000 OVEMBER 7,600 16,200 364,500 305,700 54,000 498,000 1,246,000 ECEMBER 9,600 20,600 464,196 389,100 68,700 634,700 1,586,896

94,300 200,800 4,536,800 3,799,700 671,400 6,497,000 15,800,000

ed Budget 90,300 191,800 4,342,800 3,636,700 642,400 6,196,000 15,100,000 ed Budget 94,300 200,800 4,536,800 3,799,700 671,400 6,497,000 15,800,000

ence 4,000 9,000 194,000 163,000 29,000 301,000 700,000 8B in Jun 4.4% 4.7% 4.5% 4.5% 4.5% 4.9% 4.6%

Copperton Township

Emigration Cyn Tnshp

Kearns Township

Magna Township

White City Township

Unincorp. SL County Subtotal

17 21.8 48.7 1,076 902.5 158.7 1,584 3,792 17 23.5 48.8 1,117 939.6 166.4 1,663 3,958 18 22.4 47.1 1,068 892.1 157.8 1,764 3,952 18 23.1 49.5 1,117 936.2 165.3 1,523 3,814 18 24.1 51.4 1,161 973.4 172.0 1,584 3,966 18 24.7 52.8 1,190 998.0 176.3 1,626 4,068

Figure - - - - - - -

alf 2017 45,299 97,471 2,192,773 1,842,145 325,092 3,246,925 7,749,705 f 2018 45,500 96,600 2,185,304 1,828,300 323,100 3,287,300 7,766,104 alf 2018 48,800 104,200 2,351,496 1,971,400 348,300 3,209,700 8,033,896

$2.0

Increasing 2018 Forecast $1M

Gen Fund FB Projection

($000's)

Primarily From Sales InJan-14Feb-14Mar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Jan-15Feb-15Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15

Distribution DateMar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Jan-15Feb-15Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15Jan-16Feb-16

Date Recognized in Financial StatementsMar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Dec-14Dec-14Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15Dec-15Dec-152015FY Bud (J)Dec-15 Total

County Option Sales Tax - Actuals3,7533,6964,7763,9453,9884,8234,0874,3344,8214,0663,9185,6573,8133,7205,0364,2594,0355,1154,4444,5815,1024,1754,0985,87454,253

YoY%1.59%0.66%5.44%7.97%1.18%6.06%8.73%5.71%5.84%2.67%4.59%3.84%

County Option Sales Tax - Fund Balance Projection3,7533,6964,7763,9453,9884,8234,0874,3344,8214,0663,9185,6573,8133,7205,0364,2594,0355,1154,2154,4694,9714,1934,0415,83453,70053,60014,067

YoY%1.59%0.66%5.44%7.97%1.18%6.06%3.12%3.11%3.12%3.12%3.12%3.12%

Var, Act vs. Fund Bal Proj229112131(18)5841553

ZAP Sales Tax to GF - Actuals4304245564584605594644945594704536544344305934934745955215235994854776866,312

YoY%1.01%1.59%6.58%7.59%3.12%6.46%12.43%5.94%7.21%3.28%5.25%4.98%

ZAP Sales Tax to GF - Fund Balance Projection4304245564584605594644945594704536544344305934934745954855175854914676906,2556,2691,649

YoY%1.01%1.59%6.58%7.59%3.12%6.46%4.60%4.60%4.60%4.60%3.12%5.63%

Var, Act vs. Fund Bal Proj36715(6)10(4)57

ZAP calc

TypeRPivot Table Source: PS Fin Query "GL_LEDGER_BAL_BY_DEPT", for Accounts 401005-770010; period 0-998; all funds; ran on 1/13/2016 at 1:55pm

Category&Descr4030–Sales TaxesRan the query for 2014 and then 2015 and then combined the two results. Also muliplied all amounts for rows of Type "R" by -1 so that revenues would be positive numbers for credits.

Col Labels

2014 Act2014 Act Total2015 v4 Act2015 v4 Act Total

Row LabelsJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAugSepOctNovDec

403010–Sales Tax5,322,6995,484,3616,942,3055,576,3445,742,6888,073,2475,891,0586,233,1956,976,88720,711,55976,954,3431,171,6865,234,0005,284,4467,263,8946,001,1765,720,5869,100,0616,221,3686,394,2037,269,97020,186,81179,848,201

1103,753,2213,695,7184,776,4633,944,7923,987,5154,822,8034,087,4364,333,3064,820,57413,641,07951,862,9073,813,0263,720,2295,036,0994,259,1004,034,5885,114,8534,444,2574,581,0235,102,28114,147,21954,252,676

5003000000–General Fund-Statutory & Genl3,753,2213,695,7184,776,4633,944,7923,987,5154,822,8034,087,4364,333,3064,820,57413,641,07951,862,9073,813,0263,720,2295,036,0994,259,1004,034,5885,114,8534,444,2574,581,0235,102,28114,147,21954,252,676

2301,569,4781,788,6432,165,8421,631,5521,755,1732,079,4821,803,6221,899,8892,156,3135,892,58822,742,5821,420,9751,564,2162,227,7951,742,0761,685,9982,157,6731,777,1111,813,1802,167,6896,039,59222,596,304

4131,170,9621,177,8922,348,8541,171,6861,827,5342,999,220

403015–Car Rental Tax1,238,2561,078,9611,591,338761,610755,334921,6601,233,7051,421,660914,5782,226,07412,143,1761,249,3361,198,7131,241,163855,652853,7591,148,4981,312,4681,547,415956,7262,503,98612,867,717

1811,238,2561,078,9611,591,338761,610755,334921,6601,233,7051,421,660914,5782,226,07412,143,1761,249,3361,198,7131,241,163855,652853,7591,148,4981,312,4681,547,415956,7262,503,98612,867,717

403060–Restaurant Food Tax1,461,3911,376,3752,166,1151,454,4291,421,0442,017,2861,417,4001,525,4751,987,6575,113,11119,940,2831,599,5551,423,0672,282,2441,674,6151,524,9392,166,3661,648,9891,655,9182,156,7895,531,24621,663,728

1811,461,3911,376,3752,166,1151,454,4291,421,0442,017,2861,417,4001,525,4751,987,6575,113,11119,940,2831,599,5551,423,0672,282,2441,674,6151,524,9392,166,3661,648,9891,655,9182,156,7895,531,24621,663,728

403065–Recreation Sales Tax1,454,3681,433,9531,882,2231,550,4501,555,1361,892,8931,569,6441,671,3941,891,7555,333,80020,235,6161,469,1191,456,8012,006,0561,668,0871,603,6002,015,1301,764,6851,770,6422,028,0635,576,54721,358,728

110429,766423,733556,197458,158459,543559,350463,830493,897559,0141,576,1385,979,626434,125430,485592,789492,920473,864595,471521,465523,225599,2931,647,8706,311,504

3640000100–Recreation Administration429,766423,733556,197458,158459,543559,350463,830493,897559,0141,576,1385,979,626434,125430,485592,789492,920473,864595,471521,465523,225599,2931,647,8706,311,504

3101,024,6021,010,2201,326,0261,092,2921,095,5931,333,5431,105,8141,177,4971,332,7413,757,66214,255,9901,034,9941,026,3161,413,2661,175,1671,129,7361,419,6591,243,2211,247,4171,428,7703,928,67715,047,224

3594000000–ZAP Fund Administration1,024,6021,010,2201,326,0261,092,2921,095,5931,333,5431,105,8141,177,4971,332,7413,757,66214,255,9901,034,9941,026,3161,413,2661,175,1671,129,7361,419,6591,243,2211,247,4171,428,7703,928,67715,047,224

Fund 110 portion of total Rec Sales TaxERROR:#DIV/0!ERROR:#DIV/0!29.55002%29.54999%29.55001%29.55000%29.55002%29.55001%29.55001%29.55000%29.55002%29.55000%29.55001%ERROR:#DIV/0!ERROR:#DIV/0!29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%

70.45000%

ZAP Tax From Bob's Sales Tax Reporting File (by month sales were primarily made, not distribution date or date it was booked to the financial statements)1,454,3681,433,9531,882,2221,550,4511,555,1361,892,8921,569,6431,671,3931,891,7551,588,9221,533,2192,211,65820,235,6121,469,1191,456,8012,006,0561,668,0871,603,6002,015,1301,764,6851,770,6422,028,0631,641,0681,613,6672,321,812

5,333,7995,576,547

Calculated portion to Fund 110; Rec org429,766423,733556,197458,158459,543559,350463,830493,897559,014469,527453,066653,5455,979,626434,125430,485592,789492,920473,864595,471521,465523,225599,293484,936476,838686,0956,311,504

Calculated portion to Fund 3101,024,6021,010,2201,326,0251,092,2931,095,5931,333,5421,105,8131,177,4961,332,7411,119,3961,080,1531,558,11314,255,9861,034,9941,026,3161,413,2661,175,1671,129,7361,419,6591,243,2211,247,4171,428,7701,156,1331,136,8281,635,71615,047,224

1,576,1381,647,870

3,757,6613,928,677

GF FB Proj Var

Primarily From Sales InJul-15Aug-15Sep-15Oct-15Nov-15Dec-15Jul-Dec

Distribution DateSep-15Oct-15Nov-15Dec-15Jan-16Feb-16

County Option Sales Tax - Actuals4,4444,5815,1024,1754,0985,87428,275

County Option Sales Tax - Fund Balance Projection4,2154,4694,9714,1934,0415,83427,722


YoY%8.73%5.71%5.84%2.67%4.59%3.84%2.0%

YoY%3.12%3.11%3.12%3.12%3.12%3.12%

Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15


ZAP Sales Tax to GF - Fund Balance Projection4855175854914676903,235

36715(6)10(4)57

YoY%12.43%5.94%7.21%3.28%5.25%4.98%1.7%

TOTALJul-15Aug-15Sep-15Oct-15Nov-15Dec-15 Jul-Dec

Actual4,9665,1045,7024,6604,5756,56031,567

Aug '15 Fund Balance Projection4,7004,9855,5564,6844,5086,52430,957

Variance265119146(24)6736609

5.6%2.4%2.6%-0.5%1.5%0.6%2.0%

CO per Bob's file (a later projection than the FB proj?)4,2304,4854,9894,2294,0755,884

151718363450

Sales Tax in General Fund

ActualJul-15Aug-15Sep-15Oct-15Nov-15Dec-15 4965721.55000000075104247.335701573.57000000034659645.49212827164575045.40159554596560397.9523559995Aug '15 Fund Balance ProjectionJul-15Aug-15Sep-15Oct-15Nov-15Dec-15 4700297.82183273974985299.2192693255555902.74417216054684139.41167995244507842.15926818086523900.0444687996

17 vs 16 Jun Bud

Full Year

($000's)

Tax2017 Budget'16 June Adj BudH/(L) vs.2016 June Adjusted Budget2016 AdoptedH/(L) vs.2016 Adopted Budget*'16 vs '15 (YTD July)'16B vs '15 (Full Yr)

Local Option24,10023,0001,1001,1004.8%23,0001,1001,1004.8%6.0%1.8%

County Option58,20056,4001,8001,8003.2%56,6001,6001,6002.8%4.3%4.0%

Transient Room17,30016,7006006003.6%16,7006006003.6%1.8%0.6%

Trans. Room Supp.2,4002,3001001004.3%2,3001001004.3%1.8%0.1%

Car Rental13,10013,200(100)(100)-0.8%13,0001001000.8%3.0%2.6%

Restaurant23,30022,7006006002.6%22,2001,1001,1005.0%5.5%4.8%

ZAP23,00022,2008008003.6%22,0001,0001,0004.5%4.3%3.9%

TOTAL161,400156,5004,9003.1%155,8005,6003.6%4.3%3.2%

* Projection for 2017 Budget completed in September 2016 with actuals data available through July 2016.

YTD vs Jun Adj (PSV)

YTD July

($000's)

Tax2016 ActualJune '16 ProjectionH/(L) vs.June Adjusted Budget*PYH/(L) vs.2015For lookup formulas

Local Option13,33513,24194940.7%12,5767597596.0%Local Option

County Option31,72231,887(165)(165)-0.5%30,4221,3001,3004.3%County Option

Transient Room10,17610,0541221221.2%9,9941821821.8%Transient

Trans. Room Supp.1,4081,38622221.6%1,38325251.8%Trans Supp .5%

Car Rental8,0968,087990.1%7,8602362363.0%see components below

Restaurant12,99612,992330.0%12,3206766765.5%Restaurant

ZAP12,49912,541(42)(42)-0.3%11,9835155154.3%ZAP

TOTAL90,23190,188440.0%86,5383,6934.3%

* Projection for 2016 June Adjusted Budget completed in May 2016 with actuals data only available through March 2016.

Car Rental 3%3,4703,485(15)-0.4%3,3681013.0%Car 3%

Car Rental 4%4,6264,602240.5%4,4911353.0%Car 4%

For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

YTD vs Adopted (PSV)

YTD July

($000's)

Tax2016 Actual2016 AdoptedH/(L) vs.Adopted Budget*PYH/(L) vs.2015For lookup formulas







ZAP12,49912,42771710.6%11,9835155154.3%ZAP

TOTAL90,23189,7744570.5%86,5383,6934.3%

* Projection for 2016 Adopted Budget completed in October 2015 with actuals data only available through Jun 2015.

Car Rental 3%3,4703,429401.2%3,3681013.0%Car 3%

Car Rental 4%4,6264,572541.2%4,4911353.0%Car 4%

For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

YTD vs Jun Adj

YTD July

($000's)


Local OptionERROR:#VALUE!13,241ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Local Option

County OptionERROR:#VALUE!31,887ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!County Option

Transient RoomERROR:#VALUE!10,054ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Transient

Trans. Room Supp.ERROR:#VALUE!1,386ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Trans Supp .5%

Car RentalERROR:#VALUE!8,087ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!see components below

RestaurantERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Restaurant

ZAPERROR:#VALUE!12,541ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ZAP

TOTALERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!


Car Rental 3%ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Car 3%


For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

YTD vs Adopted

YTD July

($000's)







RestaurantERROR:#VALUE!12,728ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Restaurant


TOTALERROR:#VALUE!89,774ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!


Car Rental 3%ERROR:#VALUE!3,429ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Car 3%


For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

2016 Jun Bud

Full Year

($000's)

Tax2016 June Projection2016 AdoptedH/(L) vs.2016 Adopted*2015 ActualH/(L) vs.2015

Local Option23,00023,000- 0- 00.0%22,5964044041.8%

County Option56,40056,600(200)(200)-0.4%54,2532,1472,1474.0%

Transient Room16,70016,700- 0- 00.0%16,60793930.6%

Trans. Room Supp.2,3002,300- 0- 00.0%2,299110.1%

Car Rental13,20013,0002002001.5%12,8683323322.6%

Restaurant22,70022,2005005002.3%21,6641,0361,0364.8%

ZAP22,20022,0002002000.9%21,3598418413.9%

TOTAL156,500155,8007000.4%151,6444,8563.2%


2015

Full Year

in thousands $

Tax2015 ActualJune '15 ProjectionB/(W) vs.Projection*PYB/(W) vs.2014

Local Option22,59622,2003963961.8%22,743(146)(146)-0.6%

County Option54,25353,7005535531.0%51,8642,3892,3894.6%

Transient Room16,60716,0006076073.8%14,7011,9061,90613.0%

Trans. Room Supp.2,2992,20099994.5%2,03526426413.0%

Car Rental12,86812,6002682682.1%12,1437257256.0%

Restaurant21,66421,2004644642.2%19,9401,7231,7238.6%

ZAP21,35921,0003593591.7%20,2361,1231,1235.6%

TOTAL151,644148,9002,7441.8%143,6627,9835.6%

Cnty Opt Trend

ActualProjectionAct+ProjActual 12 Mo Rolling AvgProjection 12 Mo Rolling Avg

Mar 20103,828,1063,828,1063,828,1061/4% County Option - 20151/4% County Option - 2016

Apr 20103,371,0443,371,0443,371,044CHANGETrn DateForAmountPercentCHANGETrn DateForAmountPercent

May 20103,220,9723,220,9723,220,972

Jun 20104,029,3354,029,3354,029,3351.6%03/23/2015Jan-153,813,0267.08%8.00%Jan-164,118,0687.28%

Jul 20103,285,2803,285,2803,285,2800.7%04/20/2015Feb-153,720,2296.91%8.00%Feb-164,017,8487.10%

Aug 20103,395,8833,395,8833,395,8835.4%05/20/2015Mar-155,036,0999.35%6.00%Mar-165,338,2659.43%

Sep 20103,544,9833,544,9833,544,9837.97%06/22/2015Apr-154,259,1007.91%6.00%Apr-164,514,6467.98%

Oct 20103,374,6193,374,6193,374,6191.18%07/20/2015May-154,034,5887.49%6.00%May-164,276,6637.56%

Nov 20103,116,2063,116,2063,116,2066.06%08/20/2015Jun-155,114,8539.49%5.00%Jun-165,370,5969.49%

Dec 20104,355,2304,355,2304,355,2303,552,1663.50%Jul-154,230,4977.85%5.00%Jul-164,442,0227.85%

Jan 20113,319,5473,319,5473,319,5473,531,0193.50%Aug-154,485,3908.33%5.00%Aug-164,709,6608.32%

Feb 20113,185,9963,185,9963,185,9963,502,2673.50%Sep-154,989,2949.26%4.00%Sep-165,188,8669.17%

Mar 20113,889,4853,889,4853,889,4853,507,3824.00%Oct-154,228,6287.85%3.00%Oct-164,355,4877.70%

Apr 20113,459,0703,459,0703,459,0703,514,7174.00%Nov-154,074,9617.56%3.00%Nov-164,197,2107.42%

May 20113,398,9173,398,9173,398,9173,529,5464.00%Dec-155,883,51510.92%3.00%Dec-166,060,02110.71%

Jun 20114,461,0164,461,0164,461,0163,565,519

Jul 20113,214,1553,214,1553,214,1553,559,5923.87%Annual Total53,870,182100.00%5.05%Annual Total56,589,351100.00%

Aug 20113,674,2393,674,2393,674,2393,582,78956,563,691

Sep 20114,063,0424,063,0424,063,0423,625,960Total53,870,182Total

Oct 20113,352,6923,352,6923,352,6923,624,133Oct. 201453,500,000Sept. 201556,600,000

Nov 20113,849,6923,849,6923,849,6923,685,257June 201553,600,000June 2016

Dec 20114,666,0484,666,0484,666,0483,711,158Sept. 201553,700,000Sept. 2016

Jan 20123,351,6503,351,6503,351,6503,713,833

Feb 20123,414,8273,414,8273,414,8273,732,903Last 12 mos.Last 12 mos.

Mar 20124,555,6234,555,6234,555,6233,788,414

Apr 20123,590,8813,590,8813,590,8813,799,398

May 20123,723,7903,723,7903,723,7903,826,471

Jun 20124,837,8134,837,8134,837,8133,857,871

Jul 20123,317,7903,317,7903,317,7903,866,507

Aug 20124,135,2024,135,2024,135,2023,904,921

Sep 20124,314,4234,314,4234,314,4233,925,869

Oct 20123,646,7083,646,7083,646,7083,950,371

Nov 20123,832,1013,832,1013,832,1013,948,905

Dec 20124,945,1584,945,1584,945,1583,972,164

Jan 20133,781,9413,781,9413,781,9414,008,021

Feb 20133,557,8783,557,8783,557,8784,019,942

Mar 20134,671,4584,671,4584,671,4584,029,595

Apr 20133,610,0693,610,0693,610,0694,031,194

May 20133,877,2533,877,2533,877,2534,043,983

Jun 20134,677,7584,677,7584,677,7584,030,645

Jul 20133,910,7403,910,7403,910,7404,080,057

Aug 20134,150,1134,150,1134,150,1134,081,300

Sep 20134,470,6834,470,6834,470,6834,094,322

Oct 20133,781,9053,781,9053,781,9054,105,588

Nov 20133,808,9993,808,9993,808,9994,103,663

Dec 20135,012,5715,012,5715,012,5714,109,281

Jan 20143,753,2213,753,2213,753,2214,106,887

Feb 20143,695,8613,695,8613,695,8614,118,386

Mar 20144,776,4634,776,4634,776,4634,127,136

Apr 20143,944,7923,944,7923,944,7924,155,030

May 20143,987,6523,987,6523,987,6524,164,230

Jun 20144,822,8034,822,8034,822,8034,176,317

Jul 20144,087,4364,087,4364,087,4364,191,042

Aug 20144,333,7104,333,7104,333,7104,206,341

Sep 20144,820,5744,820,5744,820,5744,235,499

Oct 20144,065,9894,065,9894,065,9894,259,173

Nov 20143,918,2323,918,2323,918,2324,268,275

Dec 20145,657,2265,657,2265,657,2264,321,997

Jan 20153,813,0263,813,0263,813,0264,326,980JanFebMarAprMayJunJulAugSepOctNovDecQ1Q2Q3Q4YTDFY

Feb 20153,720,2293,720,2293,720,2294,329,0112016 Actual3.93.95.62016 Actual13.413.413.4

Mar 20155,036,0995,036,0995,036,0994,350,6472015 Actual3.83.75.04.34.05.14.44.65.14.24.15.92015 Actual12.613.414.114.112.654.3

Apr 20154,259,1004,259,1004,259,1004,376,8402016 Projection4.14.05.34.54.35.44.44.75.24.44.26.12016 Projection13.514.214.314.613.556.6

May 20154,034,5884,034,5884,034,5884,380,7512015 Projection3.83.75.04.34.05.14.24.55.04.24.15.92015 Projection12.613.413.714.212.653.9

Jun 20155,114,8535,114,8535,114,8534,405,089County Option Sales Tax

Jul 20154,444,2574,230,4974,444,2574,434,824

Aug 20154,581,0234,485,3904,581,0234,455,433

Sep 20155,102,2814,989,2945,102,2814,478,909

Oct 20154,174,7104,228,6284,174,7104,487,969

Nov 20154,098,2074,074,9614,098,2074,502,967

Dec 20155,874,3035,883,5155,874,3034,521,056

Jan 20163,896,2374,118,0683,896,2374,527,9914,546,477

Feb 20163,895,2654,017,8483,895,2654,542,5774,571,278

Mar 20165,608,5745,338,2655,608,5744,590,2834,596,459

Apr 20164,514,6464,514,6464,611,579

May 20164,276,6634,276,6634,631,752

Jun 20165,370,5965,370,5964,653,063

Jul 20164,442,0224,442,0224,652,877

Aug 20164,709,6604,709,6604,663,597

Sep 20165,188,8665,188,8664,670,812

Oct 20164,355,4874,355,4874,685,877

Nov 20164,197,2104,197,2104,694,127

Dec 20166,060,0216,060,0214,709,604

201553,870,18254,252,676

201656,589,35156,515,246

2,719,1692,262,569

5.0%4.2%

54,252,676

56,589,351

2,336,675

4.3%

County Option Sales Tax Distributions

Actual402384026940299403304036040391404224045240483405134054440575406034063440664406954072540756407874081740848408784090940940409694100041030410614109141122411534118341214412444127541306413344136541395414264145641487415184154841579416094164041671416994173041760417914182141852418834191341944419744200542036420644209542125421564218642217422484227842309423394237042401424304246142491425224255242583426144264442675427053828106337104432209724029335.213285279.643395882.673544983.33374618.953116206.094355230.163319547.053185995.743889484.663459069.763398916.544461015.663214155.073674239.234063041.733352691.843849692.084666048.283351649.743414827.32455562335908813723790.254837812.513317789.7641352024314423.453646708383210149451583781940.863557877.5746714583610068.843877253.34677758.473910740.354150112.594470682.76999999963781905.09380899950125713753221.18369586147764633944792.393987652.164822802.809999999640874364333710.38999999974820574.084065988.663918232.165657226.070000000338130263720229.425036098.914259100.264034588.195114853.344444257.034581022.6851022814174709.834098206.935874302.58000000013896236.543895264.975608573.5099999998Projection402384026940299403304036040391404224045240483405134054440575406034063440664406954072540756407874081740848408784090940940409694100041030410614109141122411534118341214412444127541306413344136541395414264145641487415184154841579416094164041671416994173041760417914182141852418834191341944419744200542036420644209542125421564218642217422484227842309423394237042401424304246142491425224255242583426144264442675427053828106337104432209724029335.213285279.643395882.673544983.33374618.953116206.094355230.163319547.053185995.743889484.663459069.763398916.544461015.663214155.073674239.234063041.733352691.843849692.084666048.283351649.743414827.32455562335908813723790.254837812.513317789.7641352024314423.453646708383210149451583781940.863557877.5746714583610068.843877253.34677758.473910740.354150112.594470682.76999999963781905.09380899950125713753221.18369586147764633944792.393987652.164822802.809999999640874364333710.38999999974820574.084065988.663918232.165657226.070000000338130263720229.425036098.914259100.264034588.195114853.344230496.74644999954485390.25364999944989294.17279999984228628.20640000054074961.44640000025883515.11280000024118067.89640000044017847.77365338264.84460000044514646.27560000034276663.48139999995370595.65000000044442021.58377254709659.76633249975188865.93971200014355487.05259200094197210.28979200036060020.5661840001

2016 ActualJanFebMarAprMayJunJulAugSepOctNovDec3896236.543895264.975608573.50999999982015 ActualJanFebMarAprMayJunJulAugSepOctNovDec38130263720229.425036098.914259100.264034588.195114853.344444257.034581022.6851022814174709.834098206.935874302.58000000012016 ProjectionJanFebMarAprMayJunJulAugSepOctNovDec4118067.89640000044017847.77365338264.84460000044514646.27560000034276663.48139999995370595.65000000044442021.58377254709659.76633249975188865.93971200014355487.05259200094197210.28979200036060020.56618400012015 ProjectionJanFebMarAprMayJunJulAugSepOctNovDec38130263720229.425036098.914259100.264034588.195114853.344230496.74644999954485390.25364999944989294.17279999984228628.20640000054074961.44640000025883515.1128000002

Millions

12 Month Rolling Average

Actual4090940940409694100041030410614109141122411534118341214412444127541306413344136541395414264145641487415184154841579416094164041671416994173041760417914182141852418834191341944419744200542036420644209542125421564218642217422484227842309423394237042401424304246142491425224255242583426144264442675427053713833.36083333383732902.65916666713788414.18750000053799398.45753826471.26666666713857871.00416666643866507.2283333333904920.79253925869.26916666653950370.61583333323948904.69250000043972163.83583333344008021.42916666584019942.28333333324029595.19999999974031194.18666666614043982.7741666664030644.93754080057.48666666634081300.03583333274094321.64583333354105588.07000000034103662.90333333384109280.65333333384106887.34666666714118385.96583333294127136.38249999984155030.01166666634164229.91666666654176316.94500000034191041.58249999964206341.39916666694235499.00833333384259172.63916666714268275.40249999994321996.65833333324326980.39333333264329011.09499999974350647.42083333344376839.74333333324380751.07916666664405088.62333333214434823.70916666564455433.06666666734478908.64333333354487968.74083333374502966.63833333274521056.34749999924527990.55916666614542576.85499999954590283.0716666663Projection4090940940409694100041030410614109141122411534118341214412444127541306413344136541395414264145641487415184154841579416094164041671416994173041760417914182141852418834191341944419744200542036420644209542125421564218642217422484227842309423394237042401424304246142491425224255242583426144264442675427054546476.50553333294571278.03499999924596458.52954999924611578.5729666664631751.51391666664653063.37308333264652877.08589770834663596.8430920834670812.25473474994685877.02328408424694127.30326675064709603.8021154171

Millions

2016 ActualQ1Q2Q3Q413400075.022015 ActualQ1Q2Q3Q412569354.3313408541.78999999914127560.71000000114147219.342016 ProjectionQ1Q2Q3Q413474180.51460000114161905.40714340547.28981699814612717.9085680022015 ProjectionQ1Q2Q3Q412569354.3313408541.78999999913705181.17289999914187104.765600001

Millions

Taxable Sales by Sector

Super Sector

Taxable Sales ($B)2014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q420142015Y/Y Growth

Taxable Retail Trade2.62.82.93.22.83.03.13.311.512.26.0%

Taxable Services1.71.51.71.61.81.61.71.76.66.84.3%

Taxable Business Investment0.91.01.11.11.01.11.11.14.14.33.9%

All Other Sales0.10.20.20.20.10.20.30.20.70.927.8%

TOTAL5.35.65.96.15.76.06.36.422.924.35.8%

Pct Change

Super Sector

Taxable Retail Trade9.7%3.1%7.7%-12.3%9.0%3.2%6.6%247.2%6.0%

Taxable Services-9.4%7.7%-2.1%8.9%-9.0%7.1%-1.0%282.6%4.3%

Taxable Business Investment13.8%4.8%-1.0%-8.8%9.0%5.9%-4.0%277.9%3.9%

All Other Sales66.3%0.1%1.9%-31.6%71.5%26.6%-19.5%197.0%27.8%

TOTAL5.5%4.6%3.1%-6.6%4.9%5.7%1.3%260.0%5.8%

Tables for Pres (Oct)


(1% tax to Municipal Services Fund)

($000's)RevenuesChange Y/Y

Actual

201222368131252851312.7%

201321836858-531273(2.4%)

2014227425829057244.1%

201522596303.85-146278.15(0.6%)

201623542537.81946233.964.2%

YTD Jul 201412794865.9

YTD Jul 201512576158.13-218707.77(1.7%)

YTD Jul 201613334666.97758508.83866.0%

YTD Jul 20179638682.54-3695984.429(28%)

Projected (Before Excluding Metro Townships)

2017 Estimated Base*14850988.65-8691549.161(37%)

2018 Budget*15100000249011.35071.7%

County Option Sales Tax

(0.25% tax to General Fund)


Actual

20124766596831320707.0%

20134931136816454003.5%

20145186290825515405.2%

201554252676.462389768.464.6%

201656560413.62307737.144.3%

YTD Jul 201429068228.92

YTD Jul 201530422152.981353924.064.7%

YTD Jul 201631722193.151300040.1674.3%

YTD Jul 201733553973.351831780.2035.8%

Projected

2017 Jun Adj Budget592000002639586.44.7%

2018 Budget6270000035000005.9%

Transient Room Tax

(4.25% tax to Visitor Promotion Fund)


Actual

2012126394816067775.0%

2013134363747968936.3%

20141470121112648379.4%

201516606811.911905600.9113.0%

201617305409.41698597.54.2%

YTD Jul 20148875850

YTD Jul 20159993854.61118004.612.6%

YTD Jul 201610075054.2881199.675250.8%

YTD Jul 201711929826.961854772.68518.4%

Projected

2017 Jun Adj Budget186000001294590.597.5%

2018 Budget1960000010000005.4%

Transient Room Tax - Supplemental

(0.5% tax to TRCC Fund)


Actual

20121749408839935.0%

201318597061102986.3%

201420347701750649.4%

20152298520.26263750.2613.0%

20162395212.4296692.164.2%

YTD Jul 20141228491

YTD Jul 20151383232.26154741.2612.6%

YTD Jul 20161394471.1511238.89030.8%

YTD Jul 20171651187.07256715.919718.4%

Projected

2017 Jun Adj Budget2600000204787.588.5%

2018 Budget27000001000003.8%

Car Rental Tax

(3% & 4% tax to TRCC Fund)


Actual

201210520866-51204(0.5%)

201310610088892220.8%

201412143176153308814.4%

201512867717.02724541.026.0%

201613530172.14662455.125.1%

YTD Jul 20147580866

YTD Jul 20157859589.18278723.183.7%

YTD Jul 20168095753.266236164.0863.0%

YTD Jul 20178777617.76681864.4948.4%

Projected

2017 Jun Adj Budget14100000569827.864.2%

2018 Budget144000003000002.1%

Restaurant Tax

(1% tax to TRCC Fund)


Actual

2012174937738509185.1%

20131857541710816446.2%

20141994028413648677.3%

201521663727.961723443.968.6%

201622726604.311062876.354.9%

YTD Jul 201411314040

YTD Jul 201512319775.171005735.178.9%

YTD Jul 201612995678.02675902.84545.5%

YTD Jul 201713653998.49658320.47465.1%

Projected

2017 Jun Adj Budget23700000973395.694.3%

2018 Budget2500000013000005.5%

Zoo, Arts, & Parks Tax

(0.1% tax to ZAP Fund)


Actual

20121879793713278397.6%

2013193028215048842.7%

2014202356139327924.8%

201521358728.251123115.255.6%

201622280872.89922144.644.3%

YTD Jul 201411338665

YTD Jul 201511983477.07644812.075.7%

YTD Jul 201612498712.64515235.5654.3%

YTD Jul 201713136993.42638280.7855.1%

Projected

2017 Jun Adj Budget234000001119127.115.0%

2018 Budget2460000012000005.1%

Not comparable to 2017 and later due to different tax base (Millcreek & Metro Townships)

Tables for Pres




Actual

20124766596831320707.0%

20134931136816454003.5%

20145186290825515405.2%

201554252676.462389768.464.6%

201656560413.62307737.144.3%

201760470489.163910075.566.9%

1Q 201412225545.09

1Q 201512569354.16343809.072.8%

1Q 201613400075.02830720.866.6%

1Q 201714271983.36871908.346.5%

1Q 201815165117.96893134.66.3%

Projected

2017 Jun Adj Budget592000002639586.44.7%

2018 (as of Oct '17)6270000035000005.9%

2018 (as of Mar '18)627000002229510.843.7%Was 5.9% growth compared to 2017 Projection

2018 (as of Jun '18)637000003229510.845.3%

Transient Room Tax



Actual

2012126394816067775.0%

2013134363747968936.3%

20141470121112648379.4%

201516606811.911905600.9113.0%

201617305409.41698597.54.2%

201719425480.312120070.912.3%

1Q 20144165159

1Q 20154552696.85387537.859.3%

1Q 20164595765.143068.250.9%

1Q 20175469661.77873896.6719.0%

1Q 20185601686.6132024.832.4%

Projected

2017 Jun Adj Budget186000001294590.597.5%

2018 (as of Oct '17)1960000010000005.4%


2018 (as of Jun '18)20100000674519.693.5%




Actual

20121749408839935.0%

201318597061102986.3%

201420347701750649.4%

20152298520.26263750.2613.0%

20162395212.4296692.164.2%

20172688647.302293434.881912.3%

1Q 2014576492

1Q 2015630131.0753639.079.3%

1Q 2016636092.015960.940.9%

1Q 2017757046.1120954.0919.0%

1Q 201877532018273.92.4%

Projected

2017 Jun Adj Budget2600000204787.588.5%

2018 (as of Oct '17)27000001000003.8%


2018 (as of Jun '18)2800000111352.69814.1%

Car Rental Tax



Actual

201210520866-51204(0.5%)

201310610088892220.8%

201412143176153308814.4%

201512867717.02724541.026.0%

201613530172.14662455.125.1%

201714556882.781026710.647.6%

1Q 20143908555

1Q 20153689211.82-219343.18(5.6%)

1Q 20163830529.34141317.523.8%

1Q 20174222777.64392248.310.2%

1Q 20184061281.84-161495.8(3.8%)

Projected

2017 Jun Adj Budget14100000569827.864.2%

2018 (as of Oct '17)144000003000002.1%

2018 (as of Mar '18)14400000-156882.78(1.1%)Was 2.1% growth compared to 2017 Projection

2018 (as of Jun '18)14700000143117.221.0%

Restaurant Tax



Actual

2012174937738509185.1%

20131857541710816446.2%

20141994028413648677.3%

201521663727.961723443.968.6%

201622726604.311062876.354.9%

201723827057.921100453.614.8%

1Q 20145003881

1Q 20155304865.94300984.946.0%

1Q 20165704253.63399387.697.5%

1Q 20176000544.72296291.095.2%

1Q 20186257975.12257430.44.3%

Projected

2017 Jun Adj Budget23700000973395.694.3%

2018 (as of Oct '17)2500000013000005.5%


2018 (as of Jun '18)250000001172942.084.9%




Actual

20121879793713278397.6%

2013193028215048842.7%

2014202356139327924.8%

201521358728.251123115.255.6%

201622280872.89922144.644.3%

201723764060.521483187.636.7%

1Q 20144770544

1Q 20154931975.33161431.333.4%

1Q 20165249156.16317180.836.4%

1Q 20175623344374187.847.1%

1Q 20185979236.46355892.466.3%

Projected

2017 Jun Adj Budget234000001119127.115.0%

2018 (as of Oct '17)2460000012000005.1%


2018 (as of Jun '18)251000001335939.485.6%


(1% tax to Municipal Services Fund)


Actual

201222368131252851312.7%

201321836858-531273(2.4%)

2014227425829057244.1%

201522596303.85-146278.15(0.6%)

201623542537.81946233.964.2%

201715104363.23n.m.n.m.

1Q 2014

1Q 2015

1Q 2016

1Q 20173723485.437n/an/a

1Q 20183952103.619228618.18176.1%

Projected (Before Excluding Metro Townships)

2017 Estimated Base*15100000n.m.n.m.

2018 (as of Oct '17)*1510000000.0%

2018 (as of Mar '18)15100000-4363.228874(0.0%)Was 5.9% growth compared to 2017 Projection

2018 (as of Jun '18)15800000695636.77114.6%

Not comparable to 2017 and later due to different tax base (Millcreek & Metro Townships)

Sales Tax Chart; All

Sales Tax SummaryActualJune 2017 Budget

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4

($M)Mar-MayJun-AugSep-NovDec-Feb'17 Actual vs. BudgetActualFcst as of Oct '17 (June Adjusted Budget)Oct Fcst vs. '17 ActFcst as of Jun '18Q1Q2Q3Q4TotalQ1Q2Q3Q4Total

County Option0383931.62373931.51512626.031270489.16County Option6.9%4.7%14271983.3614644931.6215547931.5116005642.6760470489.1614271983.36142610001517400015493016.6459200000

Transient Room0405776.48128671.22291032.61825480.31Transient Room12.3%7.5%5469661.774612776.485287671.224055370.8419425480.315469661.77420700051590003764338.2318600000

Transient Room Supp.047446.567857.62619433343.1157388647.30192Transient Room Supp.12.3%8.5%757046.1638446.56731857.6262561297.01572688647.302757046.1591000724000527953.92600000

Car Rental0-5871.94543919.17-81164.45456882.78Car Rental7.6%4.2%4222777.642951128.064743919.172639057.9114556882.784222777.64295700042000002720222.3614100000

Restaurant0204417.25-60178.67-17180.66127057.92Restaurant4.8%4.3%6000544.725927417.255921821.335977274.6223827057.926000544.72572300059820005994455.2823700000

ZAP049188.45104442.91210429.16364060.52ZAP6.7%5.0%56233445706188.456106442.916328085.1623764060.52562334456570006002000611765623400000

Local Option*Local Option*6027007.833120114.41584221.951662703.4412394047.626027007.83580100061400006331992.1724300000

TOTAL01084888.421098643.766949085.80573132617.99242372365.4237601002.8239923865.7237229431.66157126665.642372365.42391970004338100040949634.58165900000

Distribution Periods Listed in Blue.Distribution Periods Listed in Blue.

2017 Revenue Variance

Actual vs. Forecast ($M)

'17 Actual vs. Budget

County OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP1270489.1600000039825480.3099999986688647.3019203078456882.78000000119127057.92000000179364060.51999999955

2017 Growth Y/Y

Actual

County OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP6.9130957698654488E-20.122509144382039710.12250891798578267.5883043421500956E-24.8421382930303646E-26.6567752409093295E-2Fcst as of Oct '17 (June Adjusted Budget)

County OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP4.6668442325534874E-27.4808434711282554E-28.5498713304100221E-24.2115344439365078E-24.2830670025424379E-25.0228153785764867E-2

2017 Revenue Variance

Actual vs. Forecast ($M)

Mar-MayCounty OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP000000Jun-AugCounty OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP383931.62000000104405776.4800000004547446.560000000056-5871.9399999999441204417.2549188.449999999255Sep-NovCounty OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP373931.51000000164128671.219999999747857.6261939732358543919.16999999993-60178.669999999925104442.91000000015Dec-FebCounty OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP512626.03000000119291032.609999999433343.115726334392-81164.449999999255-17180.66000000108210429.16000000015'17 Actual vs. Budget

County OptionTransient RoomTransient Room Supp.Car RentalRestaurantZAP1270489.1600000039825480.3099999986688647.3019203078456882.78000000119127057.92000000179364060.51999999955

Sales Tax Chart; CO



($M)ActualFcst as of Oct '17Fcst as of Mar '18Fcst as of Jun '18ActualFcst as of Oct '17Oct Fcst vs. '17 ActFcst as of Jun '18

20124766596820127.0%

20134931136820133.5%

20145186290820145.2%

201554252676.4620154.6%

201656560413.620164.3%

201760470489.16592000005920000020176.9%4.7%

2018627000006270000063700000

1Q 201714271983.361Q 20186.3%6.0%

1Q 201815165117.961513300015165117.9615165117.9620185.9%3.7%5.3%

Revenues ($M)

Actual

201220132014201520162017201847665968493113685186290854252676.46000000856560413.60000000160470489.160000004Fcst as of Oct '17

20122013201420152016201720185920000062700000Fcst as of Jun '18

201220132014201520162017201863700000

Y/Y Growth Rate

Actual

2012201320142015201620171Q 201820187.0300000000000001E-23.4519387081365892E-25.1743443824150241E-24.6078566593296469E-24.2536834873049371E-26.9130957698654488E-26.2579571281114479E-2Fcst as of Oct '17

2012201320142015201620171Q 201820184.6668442325534874E-26.0329151056409347E-25.9121621621621621E-2Oct Fcst vs. '17 Act

2012201320142015201620171Q 201820183.6869403091827013E-2Fcst as of Jun '18

2012201320142015201620171Q 201820185.3406395166656795E-2

Sales Tax Chart; TRT

Transient Room Tax



20121263948120125.0%

20131343637420136.3%

20141470121120149.4%

201516606811.91201513.0%

201617305409.4120164.2%

201719425480.311860000018600000201712.3%7.5%

2018196000001960000020100000

1Q 20175469661.771Q 20182.4%(1.8%)

1Q 20185601686.653730005601686.65601686.620185.4%0.9%3.5%

Revenues ($M)

Actual

201220132014201520162017201812639481134363741470121116606811.9117305409.4119425480.309999999Fcst as of Oct '17

20122013201420152016201720181860000019600000Fcst as of Jun '18

201220132014201520162017201820100000

Y/Y Growth Rate

Actual

2012201320142015201620171Q 201820185.04E-26.3047921034099424E-29.4135292750856747E-20.129622036579163464.2066924331173448E-20.122509144382039712.4137658881236469E-2Fcst as of Oct '17

2012201320142015201620171Q 201820187.4808434711282554E-2-1.7672348687110786E-25.3763440860215055E-2Oct Fcst vs. '17 Act

2012201320142015201620171Q 201820188.9840604821575885E-3Fcst as of Jun '18

2012201320142015201620171Q 201820183.4723449780171813E-2

Sales Tax Chart; TRTS




2012174940820125.0%

2013185970620136.3%

2014203477020149.4%

20152298520.26201513.0%

20162395212.4220164.2%

20172688647.30226000002600000201712.3%8.5%

2018270000027000002800000

1Q 2017757046.11Q 20182.4%(2.1%)

1Q 201877532074100077532077532020183.8%0.4%4.1%

Revenues ($M)

Actual

20122013201420152016201720181749408185970620347702298520.25999999982395212.422688647.3019203078Fcst as of Oct '17

201220132014201520162017201826000002700000Fcst as of Jun '18

20122013201420152016201720182800000

Y/Y Growth Rate

Actual

2012201320142015201620171Q 201820185.04E-26.3048757065247221E-29.4135309559683092E-20.129621657484629624.2067134096090218E-20.12250891798578262.4138424331094269E-2Fcst as of Oct '17


2012201320142015201620171Q 201820184.2224571707801849E-3Fcst as of Jun '18

2012201320142015201620171Q 201820184.1415881510438707E-2

Sales Tax Chart; Car

Car Rental Tax



2012105208662012(0.5%)

20131061008820130.8%

201412143176201414.4%

201512867717.0220156.0%

201613530172.1420165.1%

201714556882.78141000001410000020177.6%4.2%

2018144000001440000014700000

1Q 20174222777.641Q 2018(3.8%)(1.4%)

1Q 20184061281.8441620004061281.844061281.8420182.1%(1.1%)1.0%

Revenues ($M)

Actual

201220132014201520162017201810520866106100881214317612867717.0213530172.13999999914556882.780000001Fcst as of Oct '17

20122013201420152016201720181410000014400000Fcst as of Jun '18

201220132014201520162017201814700000

Y/Y Growth Rate

Actual

2012201320142015201620171Q 20182018-4.7999999999999996E-38.4804805992206352E-30.144493429272217145.9666517227453475E-25.1481946562110456E-27.5883043421500956E-2-3.8243974409223384E-2Fcst as of Oct '17


2012201320142015201620171Q 20182018-1.0777223556099912E-2Fcst as of Jun '18

2012201320142015201620171Q 201820189.8315842864813395E-3

Sales Tax Chart; Rest

Restaurant Tax



20121749377320125.1%

20131857541720136.2%

20141994028420147.3%

201521663727.9620158.6%

201622726604.3120164.9%

201723827057.92237000002370000020174.8%4.3%

2018250000002500000025000000

1Q 20176000544.721Q 20184.3%4.4%

1Q 20186257975.1262650006257975.126257975.1220185.5%4.9%4.9%

Revenues ($M)

Actual

201220132014201520162017201817493773185754171994028421663727.96000000122726604.31000000223827057.920000002Fcst as of Oct '17

20122013201420152016201720182370000025000000Fcst as of Jun '18

201220132014201520162017201825000000

Y/Y Growth Rate

Actual



2012201320142015201620171Q 201820184.922731475863211E-2Fcst as of Jun '18

2012201320142015201620171Q 201820184.922731475863211E-2

Sales Tax Chart; ZAP




20121879793720127.6%

20131930282120132.7%

20142023561320144.8%

201521358728.2520155.6%

201622280872.8920164.3%

201723764060.52234000002340000020176.7%5.0%

2018246000002460000025100000

1Q 201756233441Q 20186.3%6.0%

1Q 20185979236.465960744.645979236.465979236.4620185.1%3.5%5.6%

Revenues ($M)

Actual

201220132014201520162017201818797937193028212023561321358728.2522280872.89000000123764060.52Fcst as of Oct '17

20122013201420152016201720182340000024600000Fcst as of Jun '18

201220132014201520162017201825100000

Y/Y Growth Rate

Actual



2012201320142015201620171Q 201820183.5176626456428516E-2Fcst as of Jun '18

2012201320142015201620171Q 201820185.6216801790908773E-2

Sales Tax Chart; Local

Attributed to (Sales Period, not distribution month)0.57%1.23%27.70%23.22%4.10%43.18%100.00%

Row LabelsCopperton TownshipEmigration Cyn TnshpKearns TownshipMagna TownshipWhite City TownshipUnincorp. SL CountySubtotalMillcreekGrand TotalAdjustment For MillcreekTWMNBN Refund AdjAdjusted SubtotalCoppertonEmigration CynKearnsMagnaWhite CityUninc SL CountyTotal

201623,542,53823,542,53823,542,538

2017 1 - JANUARY1,878,4071,878,4071,878,407(717,927)1,160,480

2017 2 - FEBRUARY1,960,6731,960,673291,960,702(749,369)1,211,304

2017 3 - MARCH2,187,9282,187,92856,1062,244,034(836,226)1,351,702

2017 4 - APRIL588,176588,176660,3791,248,556498,7451,086,921

2017 5 - MAY1,098,7511,098,751737,7201,836,4701,098,751

2017 6 - JUNE2132664,7336,6164861,433,1881,445,501929,3462,374,8471,445,501

2017 7 - JULY6,50915,205321,793274,00947,505491,5601,156,580748,7761,905,3561,156,580Jul0.6%1.3%27.8%23.7%4.1%42.5%100.0%

2017 8 - AUGUST7,81417,273378,445318,92656,758565,0961,344,312843,5902,187,9021,344,312Aug0.6%1.3%28.2%23.7%4.2%42.0%100.0%

2017 9 - SEPTEMBER7,52416,178375,508309,58354,406527,5661,290,765822,5112,113,2751,290,765Sep0.6%1.3%29.1%24.0%4.2%40.9%100.0%

201710 - OCTOBER6,99214,670331,987281,55949,575516,8791,201,662723,6111,925,2731,201,662Oct0.6%1.2%27.6%23.4%4.1%43.0%100.0%

201711 - NOVEMBER7,40614,800350,019289,88852,734497,3931,212,241762,7161,974,9571,212,241Nov0.6%1.2%28.9%23.9%4.4%41.0%100.0%

201712 - DECEMBER9,05419,346435,022368,18064,114648,4311,544,147992,2812,536,4281,544,147Dec0.6%1.3%28.2%23.8%4.2%42.0%100.0%

2017Total45,51297,7372,197,5061,848,761325,57812,394,04816,909,1417,277,06624,186,207(2,303,522)498,74515,104,364

2017July-Dec45,29997,4712,192,7731,842,145325,0923,246,9257,749,7054,893,48512,643,190- 0- 07,749,705July-Dec '170.6%1.3%28.3%23.8%4.2%41.9%100.0%

2018 1 - JANUARY7,13314,735336,717282,01349,500619,4571,309,555715,4752,025,030Jan0.5%1.1%25.7%21.5%3.8%47.3%100.0%

2018 2 - FEBRUARY7,24415,370347,668288,10851,419620,8651,330,674738,5092,069,183Feb0.5%1.2%26.1%21.7%3.9%46.7%100.0%

2018 3 - MARCH8,02316,995384,019321,97956,881523,9781,311,875Mar0.6%1.3%29.3%24.5%4.3%39.9%100.0%

2018 4 - APRIL6,90014,800334,500280,30049,500456,0001,142,000Apr0.6%1.3%29.3%24.5%4.3%39.9%100.0%

2018 5 - MAY7,00015,000337,800283,20050,000461,0001,154,000May0.6%1.3%29.3%24.5%4.3%39.9%100.0%

2018 6 - JUNE9,20019,700444,600372,70065,800606,0001,518,000Jun0.6%1.3%29.3%24.6%4.3%39.9%100.0%

2018 7 - JULY7,40015,700354,800297,50052,600484,0001,212,000Jul0.6%1.3%29.3%24.5%4.3%39.9%100.0%

2018 8 - AUGUST8,50018,200411,500344,90060,900561,0001,405,000Aug0.6%1.3%29.3%24.5%4.3%39.9%100.0%

2018 9 - SEPTEMBER8,20017,500394,800331,00058,500539,0001,349,000Sep0.6%1.3%29.3%24.5%4.3%40.0%100.0%

201810 - OCTOBER7,50016,000361,700303,20053,600493,0001,235,000Oct0.6%1.3%29.3%24.6%4.3%39.9%100.0%

201811 - NOVEMBER7,60016,200364,500305,70054,000498,0001,246,000Nov0.6%1.3%29.3%24.5%4.3%40.0%100.0%

201812 - DECEMBER9,60020,600464,196389,10068,700634,7001,586,896Dec0.6%1.3%29.3%24.5%4.3%40.0%100.0%

2018Total94,300200,8004,536,8003,799,700671,4006,497,00015,800,000FY 20180.6%1.3%28.7%24.0%4.2%41.1%100.0%

2018Adopted Budget90,300191,8004,342,8003,636,700642,4006,196,00015,100,000Adopted Budget0.6%1.3%28.8%24.1%4.3%41.0%100.0%

2018Adjusted Budget94,300200,8004,536,8003,799,700671,4006,497,00015,800,000Adjusted Budget0.6%1.3%28.7%24.0%4.2%41.1%100.0%

2018Difference4,0009,000194,000163,00029,000301,000700,000Difference0.6%1.3%27.7%23.3%4.1%43.0%100.0%

Incr '18B in Jun4.4%4.7%4.5%4.5%4.5%4.9%4.6%

Copperton TownshipEmigration Cyn TnshpKearns TownshipMagna TownshipWhite City TownshipUnincorp. SL CountySubtotal

3Q 201721.848.71,076902.5158.71,5843,7923Q 20170.6%1.3%28.4%23.8%4.2%41.8%100.0%

4Q 201723.548.81,117939.6166.41,6633,9584Q 20170.6%1.2%28.2%23.7%4.2%42.0%100.0%

1Q 201822.447.11,068892.1157.81,7643,9521Q 20180.6%1.2%27.0%22.6%4.0%44.6%100.0%

2Q 201823.149.51,117936.2165.31,5233,8142Q 20180.6%1.3%29.3%24.5%4.3%39.9%100.0%

3Q 201824.151.41,161973.4172.01,5843,9663Q 20180.6%1.3%29.3%24.5%4.3%39.9%100.0%

4Q 201824.752.81,190998.0176.31,6264,0684Q 20180.6%1.3%29.3%24.5%4.3%40.0%100.0%

Check Figure-0-0-0-0-0-0-0

2nd Half 201745,29997,4712,192,7731,842,145325,0923,246,9257,749,7052nd Half 20170.6%1.3%28.3%23.8%4.2%41.9%100.0%

1st Half 201845,50096,6002,185,3041,828,300323,1003,287,3007,766,1041st Half 20180.6%1.2%28.1%23.5%4.2%42.3%100.0%

2nd Half 201848,800104,2002,351,4961,971,400348,3003,209,7008,033,8962nd Half 20180.6%1.3%29.3%24.5%4.3%40.0%100.0%


Unincorp. SL County

3Q 20174Q 20171Q 20182Q 20183Q 20184Q 20181584221.94479999991662703.441764300152300015840001625700Kearns Township

3Q 20174Q 20171Q 20182Q 20183Q 20184Q 20181075745.59110000011117027.53499999991068403.6191111690011611001190396.3808999993Magna Township

3Q 20174Q 20171Q 20182Q 20183Q 20184Q 2018902517.22839999991939627.65999999992892100936200973400998000White City Township

3Q 20174Q 20171Q 20182Q 20183Q 20184Q 2018158669.66820000001166422.345157800165300172000176300Emigration Cyn Tnshp3Q 20174Q 20171Q 20182Q 20183Q 20184Q 201848655.911348815.55547100495005140052800Copperton Township3Q 20174Q 20171Q 20182Q 20183Q 20184Q 201821846.16210000000123452.4422400231002410024700

Sheet5

Fee in Lieu

Account401030

Sum of AmountColumn Labels

2015

Row Labels

Fund110(7,859,878)

115(99,313)

2300

2310

232(34,382)

250(401,979)

340(1,305,259)

3410

360(2,433,416)

3610

370(695,188)

3810

390(189,169)

410(2,378,681)

450(345,229)

Grand Total(15,742,494)

(13,309,077)

13,309,077

Gen Fund FB Projection

($000's)

Primarily From Sales InJan-14Feb-14Mar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Jan-15Feb-15Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15

Distribution DateMar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Jan-15Feb-15Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15Jan-16Feb-16

Date Recognized in Financial StatementsMar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Dec-14Dec-14Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15Dec-15Dec-152015FY Bud (J)Dec-15 Total

County Option Sales Tax - Actuals3,7533,6964,7763,9453,9884,8234,0874,3344,8214,0663,9185,6573,8133,7205,0364,2594,0355,1154,4444,5815,1024,1754,0985,87454,253

YoY%1.59%0.66%5.44%7.97%1.18%6.06%8.73%5.71%5.84%2.67%4.59%3.84%

County Option Sales Tax - Fund Balance Projection3,7533,6964,7763,9453,9884,8234,0874,3344,8214,0663,9185,6573,8133,7205,0364,2594,0355,1154,2154,4694,9714,1934,0415,83453,70053,60014,067

YoY%1.59%0.66%5.44%7.97%1.18%6.06%3.12%3.11%3.12%3.12%3.12%3.12%



YoY%1.01%1.59%6.58%7.59%3.12%6.46%12.43%5.94%7.21%3.28%5.25%4.98%

ZAP Sales Tax to GF - Fund Balance Projection4304245564584605594644945594704536544344305934934745954855175854914676906,2556,2691,649

YoY%1.01%1.59%6.58%7.59%3.12%6.46%4.60%4.60%4.60%4.60%3.12%5.63%

Var, Act vs. Fund Bal Proj36715(6)10(4)57

ZAP calc

TypeRPivot Table Source: PS Fin Query "GL_LEDGER_BAL_BY_DEPT", for Accounts 401005-770010; period 0-998; all funds; ran on 1/13/2016 at 1:55pm

Category&Descr4030–Sales TaxesRan the query for 2014 and then 2015 and then combined the two results. Also muliplied all amounts for rows of Type "R" by -1 so that revenues would be positive numbers for credits.

Col Labels

2014 Act2014 Act Total2015 v4 Act2015 v4 Act Total

Row LabelsJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAugSepOctNovDec

403010–Sales Tax5,322,6995,484,3616,942,3055,576,3445,742,6888,073,2475,891,0586,233,1956,976,88720,711,55976,954,3431,171,6865,234,0005,284,4467,263,8946,001,1765,720,5869,100,0616,221,3686,394,2037,269,97020,186,81179,848,201

1103,753,2213,695,7184,776,4633,944,7923,987,5154,822,8034,087,4364,333,3064,820,57413,641,07951,862,9073,813,0263,720,2295,036,0994,259,1004,034,5885,114,8534,444,2574,581,0235,102,28114,147,21954,252,676

5003000000–General Fund-Statutory & Genl3,753,2213,695,7184,776,4633,944,7923,987,5154,822,8034,087,4364,333,3064,820,57413,641,07951,862,9073,813,0263,720,2295,036,0994,259,1004,034,5885,114,8534,444,2574,581,0235,102,28114,147,21954,252,676

2301,569,4781,788,6432,165,8421,631,5521,755,1732,079,4821,803,6221,899,8892,156,3135,892,58822,742,5821,420,9751,564,2162,227,7951,742,0761,685,9982,157,6731,777,1111,813,1802,167,6896,039,59222,596,304

4131,170,9621,177,8922,348,8541,171,6861,827,5342,999,220

403015–Car Rental Tax1,238,2561,078,9611,591,338761,610755,334921,6601,233,7051,421,660914,5782,226,07412,143,1761,249,3361,198,7131,241,163855,652853,7591,148,4981,312,4681,547,415956,7262,503,98612,867,717

1811,238,2561,078,9611,591,338761,610755,334921,6601,233,7051,421,660914,5782,226,07412,143,1761,249,3361,198,7131,241,163855,652853,7591,148,4981,312,4681,547,415956,7262,503,98612,867,717

403060–Restaurant Food Tax1,461,3911,376,3752,166,1151,454,4291,421,0442,017,2861,417,4001,525,4751,987,6575,113,11119,940,2831,599,5551,423,0672,282,2441,674,6151,524,9392,166,3661,648,9891,655,9182,156,7895,531,24621,663,728

1811,461,3911,376,3752,166,1151,454,4291,421,0442,017,2861,417,4001,525,4751,987,6575,113,11119,940,2831,599,5551,423,0672,282,2441,674,6151,524,9392,166,3661,648,9891,655,9182,156,7895,531,24621,663,728

403065–Recreation Sales Tax1,454,3681,433,9531,882,2231,550,4501,555,1361,892,8931,569,6441,671,3941,891,7555,333,80020,235,6161,469,1191,456,8012,006,0561,668,0871,603,6002,015,1301,764,6851,770,6422,028,0635,576,54721,358,728

110429,766423,733556,197458,158459,543559,350463,830493,897559,0141,576,1385,979,626434,125430,485592,789492,920473,864595,471521,465523,225599,2931,647,8706,311,504

3640000100–Recreation Administration429,766423,733556,197458,158459,543559,350463,830493,897559,0141,576,1385,979,626434,125430,485592,789492,920473,864595,471521,465523,225599,2931,647,8706,311,504

3101,024,6021,010,2201,326,0261,092,2921,095,5931,333,5431,105,8141,177,4971,332,7413,757,66214,255,9901,034,9941,026,3161,413,2661,175,1671,129,7361,419,6591,243,2211,247,4171,428,7703,928,67715,047,224

3594000000–ZAP Fund Administration1,024,6021,010,2201,326,0261,092,2921,095,5931,333,5431,105,8141,177,4971,332,7413,757,66214,255,9901,034,9941,026,3161,413,2661,175,1671,129,7361,419,6591,243,2211,247,4171,428,7703,928,67715,047,224

Fund 110 portion of total Rec Sales TaxERROR:#DIV/0!ERROR:#DIV/0!29.55002%29.54999%29.55001%29.55000%29.55002%29.55001%29.55001%29.55000%29.55002%29.55000%29.55001%ERROR:#DIV/0!ERROR:#DIV/0!29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%29.55000%

70.45000%

ZAP Tax From Bob's Sales Tax Reporting File (by month sales were primarily made, not distribution date or date it was booked to the financial statements)1,454,3681,433,9531,882,2221,550,4511,555,1361,892,8921,569,6431,671,3931,891,7551,588,9221,533,2192,211,65820,235,6121,469,1191,456,8012,006,0561,668,0871,603,6002,015,1301,764,6851,770,6422,028,0631,641,0681,613,6672,321,812

5,333,7995,576,547

Calculated portion to Fund 110; Rec org429,766423,733556,197458,158459,543559,350463,830493,897559,014469,527453,066653,5455,979,626434,125430,485592,789492,920473,864595,471521,465523,225599,293484,936476,838686,0956,311,504

Calculated portion to Fund 3101,024,6021,010,2201,326,0251,092,2931,095,5931,333,5421,105,8131,177,4961,332,7411,119,3961,080,1531,558,11314,255,9861,034,9941,026,3161,413,2661,175,1671,129,7361,419,6591,243,2211,247,4171,428,7701,156,1331,136,8281,635,71615,047,224

1,576,1381,647,870

3,757,6613,928,677

GF FB Proj Var

Primarily From Sales InJul-15Aug-15Sep-15Oct-15Nov-15Dec-15Jul-Dec

Distribution DateSep-15Oct-15Nov-15Dec-15Jan-16Feb-16

County Option Sales Tax - Actuals4,4444,5815,1024,1754,0985,87428,275

County Option Sales Tax - Fund Balance Projection4,2154,4694,9714,1934,0415,83427,722


YoY%8.73%5.71%5.84%2.67%4.59%3.84%2.0%

YoY%3.12%3.11%3.12%3.12%3.12%3.12%

Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15


ZAP Sales Tax to GF - Fund Balance Projection4855175854914676903,235

36715(6)10(4)57

YoY%12.43%5.94%7.21%3.28%5.25%4.98%1.7%

TOTALJul-15Aug-15Sep-15Oct-15Nov-15Dec-15 Jul-Dec

Actual4,9665,1045,7024,6604,5756,56031,567

Aug '15 Fund Balance Projection4,7004,9855,5564,6844,5086,52430,957

Variance265119146(24)6736609

5.6%2.4%2.6%-0.5%1.5%0.6%2.0%

CO per Bob's file (a later projection than the FB proj?)4,2304,4854,9894,2294,0755,884

151718363450

Sales Tax in General Fund

ActualJul-15Aug-15Sep-15Oct-15Nov-15Dec-15 4965721.55000000075104247.335701573.57000000034659645.49212827164575045.40159554596560397.9523559995Aug '15 Fund Balance ProjectionJul-15Aug-15Sep-15Oct-15Nov-15Dec-15 4700297.82183273974985299.2192693255555902.74417216054684139.41167995244507842.15926818086523900.0444687996

17 vs 16 Jun Bud

Full Year

($000's)

Tax2017 Budget'16 June Adj BudH/(L) vs.2016 June Adjusted Budget2016 AdoptedH/(L) vs.2016 Adopted Budget*'16 vs '15 (YTD July)'16B vs '15 (Full Yr)

Local Option24,10023,0001,1001,1004.8%23,0001,1001,1004.8%6.0%1.8%

County Option58,20056,4001,8001,8003.2%56,6001,6001,6002.8%4.3%4.0%

Transient Room17,30016,7006006003.6%16,7006006003.6%1.8%0.6%

Trans. Room Supp.2,4002,3001001004.3%2,3001001004.3%1.8%0.1%

Car Rental13,10013,200(100)(100)-0.8%13,0001001000.8%3.0%2.6%

Restaurant23,30022,7006006002.6%22,2001,1001,1005.0%5.5%4.8%

ZAP23,00022,2008008003.6%22,0001,0001,0004.5%4.3%3.9%

TOTAL161,400156,5004,9003.1%155,8005,6003.6%4.3%3.2%

* Projection for 2017 Budget completed in September 2016 with actuals data available through July 2016.

YTD vs Jun Adj (PSV)

YTD July

($000's)








ZAP12,49912,541(42)(42)-0.3%11,9835155154.3%ZAP

TOTAL90,23190,188440.0%86,5383,6934.3%


Car Rental 3%3,4703,485(15)-0.4%3,3681013.0%Car 3%

Car Rental 4%4,6264,602240.5%4,4911353.0%Car 4%

For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

YTD vs Adopted (PSV)

YTD July

($000's)








ZAP12,49912,42771710.6%11,9835155154.3%ZAP

TOTAL90,23189,7744570.5%86,5383,6934.3%


Car Rental 3%3,4703,429401.2%3,3681013.0%Car 3%

Car Rental 4%4,6264,572541.2%4,4911353.0%Car 4%

For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

YTD vs Jun Adj

YTD July

($000's)







RestaurantERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Restaurant


TOTALERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!




For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

YTD vs Adopted

YTD July

($000's)







RestaurantERROR:#VALUE!12,728ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!Restaurant


TOTALERROR:#VALUE!89,774ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!




For lookup formulas

Start Dist Mo3/1/163/1/163/1/15

End Dist Mo9/30/169/30/169/30/15

2016 Jun Bud

Full Year

($000's)

Tax2016 June Projection2016 AdoptedH/(L) vs.2016 Adopted*2015 ActualH/(L) vs.2015

Local Option23,00023,000- 0- 00.0%22,5964044041.8%

County Option56,40056,600(200)(200)-0.4%54,2532,1472,1474.0%

Transient Room16,70016,700- 0- 00.0%16,60793930.6%

Trans. Room Supp.2,3002,300- 0- 00.0%2,299110.1%

Car Rental13,20013,0002002001.5%12,8683323322.6%

Restaurant22,70022,2005005002.3%21,6641,0361,0364.8%

ZAP22,20022,0002002000.9%21,3598418413.9%

TOTAL156,500155,8007000.4%151,6444,8563.2%


2015

Full Year

in thousands $

Tax2015 ActualJune '15 ProjectionB/(W) vs.Projection*PYB/(W) vs.2014

Local Option22,59622,2003963961.8%22,743(146)(146)-0.6%

County Option54,25353,7005535531.0%51,8642,3892,3894.6%

Transient Room16,60716,0006076073.8%14,7011,9061,90613.0%

Trans. Room Supp.2,2992,20099994.5%2,03526426413.0%

Car Rental12,86812,6002682682.1%12,1437257256.0%

Restaurant21,66421,2004644642.2%19,9401,7231,7238.6%

ZAP21,35921,0003593591.7%20,2361,1231,1235.6%

TOTAL151,644148,9002,7441.8%143,6627,9835.6%

Cnty Opt Trend

ActualProjectionAct+ProjActual 12 Mo Rolling AvgProjection 12 Mo Rolling Avg

Mar 20103,828,1063,828,1063,828,1061/4% County Option - 20151/4% County Option - 2016

Apr 20103,371,0443,371,0443,371,044CHANGETrn DateForAmountPercentCHANGETrn DateForAmountPercent

May 20103,220,9723,220,9723,220,972

Jun 20104,029,3354,029,3354,029,3351.6%03/23/2015Jan-153,813,0267.08%8.00%Jan-164,118,0687.28%

Jul 20103,285,2803,285,2803,285,2800.7%04/20/2015Feb-153,720,2296.91%8.00%Feb-164,017,8487.10%

Aug 20103,395,8833,395,8833,395,8835.4%05/20/2015Mar-155,036,0999.35%6.00%Mar-165,338,2659.43%

Sep 20103,544,9833,544,9833,544,9837.97%06/22/2015Apr-154,259,1007.91%6.00%Apr-164,514,6467.98%

Oct 20103,374,6193,374,6193,374,6191.18%07/20/2015May-154,034,5887.49%6.00%May-164,276,6637.56%

Nov 20103,116,2063,116,2063,116,2066.06%08/20/2015Jun-155,114,8539.49%5.00%Jun-165,370,5969.49%

Dec 20104,355,2304,355,2304,355,2303,552,1663.50%Jul-154,230,4977.85%5.00%Jul-164,442,0227.85%

Jan 20113,319,5473,319,5473,319,5473,531,0193.50%Aug-154,485,3908.33%5.00%Aug-164,709,6608.32%

Feb 20113,185,9963,185,9963,185,9963,502,2673.50%Sep-154,989,2949.26%4.00%Sep-165,188,8669.17%

Mar 20113,889,4853,889,4853,889,4853,507,3824.00%Oct-154,228,6287.85%3.00%Oct-164,355,4877.70%

Apr 20113,459,0703,459,0703,459,0703,514,7174.00%Nov-154,074,9617.56%3.00%Nov-164,197,2107.42%

May 20113,398,9173,398,9173,398,9173,529,5464.00%Dec-155,883,51510.92%3.00%Dec-166,060,02110.71%

Jun 20114,461,0164,461,0164,461,0163,565,519

Jul 20113,214,1553,214,1553,214,1553,559,5923.87%Annual Total53,870,182100.00%5.05%Annual Total56,589,351100.00%

Aug 20113,674,2393,674,2393,674,2393,582,78956,563,691

Sep 20114,063,0424,063,0424,063,0423,625,960Total53,870,182Total

Oct 20113,352,6923,352,6923,352,6923,624,133Oct. 201453,500,000Sept. 201556,600,000

Nov 20113,849,6923,849,6923,849,6923,685,257June 201553,600,000June 2016

Dec 20114,666,0484,666,0484,666,0483,711,158Sept. 201553,700,000Sept. 2016

Jan 20123,351,6503,351,6503,351,6503,713,833

Feb 20123,414,8273,414,8273,414,8273,732,903Last 12 mos.Last 12 mos.

Mar 20124,555,6234,555,6234,555,6233,788,414

Apr 20123,590,8813,590,8813,590,8813,799,398

May 20123,723,7903,723,7903,723,7903,826,471

Jun 20124,837,8134,837,8134,837,8133,857,871

Jul 20123,317,7903,317,7903,317,7903,866,507

Aug 20124,135,2024,135,2024,135,2023,904,921

Sep 20124,314,4234,314,4234,314,4233,925,869

Oct 20123,646,7083,646,7083,646,7083,950,371

Nov 20123,832,1013,832,1013,832,1013,948,905

Dec 20124,945,1584,945,1584,945,1583,972,164

Jan 20133,781,9413,781,9413,781,9414,008,021

Feb 20133,557,8783,557,8783,557,8784,019,942

Mar 20134,671,4584,671,4584,671,4584,029,595

Apr 20133,610,0693,610,0693,610,0694,031,194

May 20133,877,2533,877,2533,877,2534,043,983

Jun 20134,677,7584,677,7584,677,7584,030,645

Jul 20133,910,7403,910,7403,910,7404,080,057

Aug 20134,150,1134,150,1134,150,1134,081,300

Sep 20134,470,6834,470,6834,470,6834,094,322

Oct 20133,781,9053,781,9053,781,9054,105,588

Nov 20133,808,9993,808,9993,808,9994,103,663

Dec 20135,012,5715,012,5715,012,5714,109,281

Jan 20143,753,2213,753,2213,753,2214,106,887

Feb 20143,695,8613,695,8613,695,8614,118,386

Mar 20144,776,4634,776,4634,776,4634,127,136

Apr 20143,944,7923,944,7923,944,7924,155,030

May 20143,987,6523,987,6523,987,6524,164,230

Jun 20144,822,8034,822,8034,822,8034,176,317

Jul 20144,087,4364,087,4364,087,4364,191,042

Aug 20144,333,7104,333,7104,333,7104,206,341

Sep 20144,820,5744,820,5744,820,5744,235,499

Oct 20144,065,9894,065,9894,065,9894,259,173

Nov 20143,918,2323,918,2323,918,2324,268,275

Dec 20145,657,2265,657,2265,657,2264,321,997

Jan 20153,813,0263,813,0263,813,0264,326,980JanFebMarAprMayJunJulAugSepOctNovDecQ1Q2Q3Q4YTDFY

Feb 20153,720,2293,720,2293,720,2294,329,0112016 Actual3.93.95.62016 Actual13.413.413.4

Mar 20155,036,0995,036,0995,036,0994,350,6472015 Actual3.83.75.04.34.05.14.44.65.14.24.15.92015 Actual12.613.414.114.112.654.3

Apr 20154,259,1004,259,1004,259,1004,376,8402016 Projection4.14.05.34.54.35.44.44.75.24.44.26.12016 Projection13.514.214.314.613.556.6

May 20154,034,5884,034,5884,034,5884,380,7512015 Projection3.83.75.04.34.05.14.24.55.04.24.15.92015 Projection12.613.413.714.212.653.9

Jun 20155,114,8535,114,8535,114,8534,405,089County Option Sales Tax

Jul 20154,444,2574,230,4974,444,2574,434,824

Aug 20154,581,0234,485,3904,581,0234,455,433

Sep 20155,102,2814,989,2945,102,2814,478,909

Oct 20154,174,7104,228,6284,174,7104,487,969

Nov 20154,098,2074,074,9614,098,2074,502,967

Dec 20155,874,3035,883,5155,874,3034,521,056

Jan 20163,896,2374,118,0683,896,2374,527,9914,546,477

Feb 20163,895,2654,017,8483,895,2654,542,5774,571,278

Mar 20165,608,5745,338,2655,608,5744,590,2834,596,459

Apr 20164,514,6464,514,6464,611,579

May 20164,276,6634,276,6634,631,752

Jun 20165,370,5965,370,5964,653,063

Jul 20164,442,0224,442,0224,652,877

Aug 20164,709,6604,709,6604,663,597

Sep 20165,188,8665,188,8664,670,812

Oct 20164,355,4874,355,4874,685,877

Nov 20164,197,2104,197,2104,694,127

Dec 20166,060,0216,060,0214,709,604

201553,870,18254,252,676

201656,589,35156,515,246

2,719,1692,262,569

5.0%4.2%

54,252,676

56,589,351

2,336,675

4.3%

County Option Sales Tax Distributions

Actual402384026940299403304036040391404224045240483405134054440575406034063440664406954072540756407874081740848408784090940940409694100041030410614109141122411534118341214412444127541306413344136541395414264145641487415184154841579416094164041671416994173041760417914182141852418834191341944419744200542036420644209542125421564218642217422484227842309423394237042401424304246142491425224255242583426144264442675427053828106337104432209724029335.213285279.643395882.673544983.33374618.953116206.094355230.163319547.053185995.743889484.663459069.763398916.544461015.663214155.073674239.234063041.733352691.843849692.084666048.283351649.743414827.32455562335908813723790.254837812.513317789.7641352024314423.453646708383210149451583781940.863557877.5746714583610068.843877253.34677758.473910740.354150112.594470682.76999999963781905.09380899950125713753221.18369586147764633944792.393987652.164822802.809999999640874364333710.38999999974820574.084065988.663918232.165657226.070000000338130263720229.425036098.914259100.264034588.195114853.344444257.034581022.6851022814174709.834098206.935874302.58000000013896236.543895264.975608573.5099999998Projection402384026940299403304036040391404224045240483405134054440575406034063440664406954072540756407874081740848408784090940940409694100041030410614109141122411534118341214412444127541306413344136541395414264145641487415184154841579416094164041671416994173041760417914182141852418834191341944419744200542036420644209542125421564218642217422484227842309423394237042401424304246142491425224255242583426144264442675427053828106337104432209724029335.213285279.643395882.673544983.33374618.953116206.094355230.163319547.053185995.743889484.663459069.763398916.544461015.663214155.073674239.234063041.733352691.843849692.084666048.283351649.743414827.32455562335908813723790.254837812.513317789.7641352024314423.453646708383210149451583781940.863557877.5746714583610068.843877253.34677758.473910740.354150112.594470682.76999999963781905.09380899950125713753221.18369586147764633944792.393987652.164822802.809999999640874364333710.38999999974820574.084065988.663918232.165657226.070000000338130263720229.425036098.914259100.264034588.195114853.344230496.74644999954485390.25364999944989294.17279999984228628.20640000054074961.44640000025883515.11280000024118067.89640000044017847.77365338264.84460000044514646.27560000034276663.48139999995370595.65000000044442021.58377254

Mayor Ben McAdams 2018 Proposed June...

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