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HomeMy WebLinkAboutSales & Use Tax Revenue Report December, 2003City of Boulder Sales & Use Tax Revenue Report December, 2003 Issued Februarv 11,2004 /~ ~~~~ - ~~,,,- \ ~ ~~ This report provides mformation and analys~s related to sales and use tax collections for the fiscal year 2003 Any questions should be duected to Steve Pelten, Deputy Finance Duector, at (303) 441-1819 Total sales and use tax collecttons for the month of December 2003 showed a 5 97% decrease over Decembei, 2002. For the full year total sales and use tax collect~ons declmed 5 21% compared to 2002 While the full year decrease is disappomtmg, rt is better than the 8 00% declme that had been assumed for 2003 m determmmg the base for the 2004 budget Recognizmg that C~ of Boulder leadmg mdicatois do not necessai ily correlate with those m Boulder Countv, some factors such as consumer confidence and mcreases m disposable mcome m the area do impact purchasmg actrvity withm the C~ Therefore, the followmg economic p~ ed~ction by Di R~chard Wobbekmd m the December 26, 2003 /Joulder Counry Business Report may be at least part~ally predichve of irends m C~ ~ evenue ~o~ the second consecutrve quarter, the Boulder County Leadmg Economic [nd~cator mcreased from 101 0 to 101 6, suggestmg thnt the Boulder Coimry economy wdl show signs of improvement m the first quarter of 2004 'I'~e merease m the I3oulder Counry LEI md~cates that there should be growth m local employment during the first quarter of 2004 Unfortunately, while Dr Wobbekmd notes that Boulder County retad sales for the first three quarters of 2003 were 2% higher than the same period m 2002, the comparahve number for the C~ty of Boulder is a ne~+atrve 6% A~am, it must be noted that general economtc ~mprovement will not overcome the bas~c negatrve change m competrtive pos~hon m both retail and~obs But, at some pomt we expect a new lower base to at least stabd~ze and begm to experience modest growth 1'rom that pomt forward REVENUG COMPARISONS As illustrated m the followmg ch~rt, December 2003 actual vear-to-date sales and use tax revenue has decreased by 5 21 % over the comparable penod m 2002 DECEMB~R YCAR-TO-DATE COMPARISONS - 2003 VERSUS 2002 TAX CATEGORY % CHANGG % of TOTAL Retail Sales Tax -4.94% 81 16% Busmess Use Tax 5 66% I 1.56% Construchon Use Tax -21 94% 4 82% Motor Veh~cle Use Tax -6 39% 3 09% Refunds ll 5 13% -0 63% Total YTD December Sales/Use Tax -5.21 "/0 100.00% Of ~eater sigmficance for ~dent~fymg trends ~s the pe~ cent change month by month for the yea~ RCVENOE CAT~GORY JAN FEB MAR APR MAY JUNE Retad Sales Tax -14 68% -0 74°/a 1 96% -9.94% -8 92% -7 61% Consumer Use Tax (mcl motor vehrcles) 1 I 40% -8 55% -35 35% 11 99% 58 13% -11 82% Construct~on Use Tax -51 19% -78 50% -50 93°/n -46 17% 93 03% -42 85% Total -13 30% -10 52% -7 64% -12 07% 0 62% -14 25% REVENUE CATEGORY JULY AUG SEPT OCT NOV DEC Retatl Sales Tax -4 87% -1 30% -7 15% 2 86% -1 59% -5 30% Consumer Use Tax mcl motor vehicles -18 81% 22 07% 41 08% -17 21% 66 26% -8 73% Conshuchon Use Tax 12 82% 31 45% 51 08% -3 17% 74 95% 1 Q7% Total -6 32% 2 84% 0 02% 0 00% 9 29% -5 97% • Retail Sales Tax Year-to-date change was -4 94% m the retad sales tax category, wh~ch makes up approximately S 1% of sales / use tax revenue There are several geo~raph~c areas m the C~ty which are positive compared to 2002 T~ansportahon/Utdrties and Constructwn Sales Tax ~re the only mdustry types showmg a posurve year-to-date vanance Weaknesses are seen m the follow~ng retail categoues • "Food Stores" decreased by 2 40% • "Eatmg Places" decreased by 2 44% • "Apparel Stores" decreased by 13 66% • "Home Furmshm~s" decreased by 5 72% ~ "General Reta~P' decreased by 4 21% • "Automotive Trade" decreased by 5 62°/o • "Buildmg Matenal-Retail" decreased by 2 97% • "Consumer Electromes° decreased by 5 31% • "Computer Related Business" decreased by 35 06% • "All Other" decreased by 3 80% As with al] other categor~es, core consumer reta~l (apparel stores, home fumishmgs and general reta~l) remams weak The followmg chart details the "core consumer retatl" components CITYWIDG CORE RETAIL SALES TAX - DEC~MBCR YTD 2003 VERSUS 2002 ~ Cate or 2002 2003 Variance A arel Stores $2,331,141 $2,012,704 -13 66% Home Furnishm s 2,782,993 2,623,714 -5 72% General Retail 12,918,919 12,375,205 -4 21% Total $18,033,053 $17,011,623 -5 66% Grven delays m redevelopmg Crossroads Mall, mterest ex~sts iegardmg performance m the BURA area The followmg charts provide such mformahon for the year CROSSROADS MALL - DECEMBER YTD 2003 VERSUS 2002 Cate or 2002 2003 Variance Retail Sales Tax $1,319,291 $915,088 -30 64% Consumer Use Tax 1],825 7,841 -33 69% Conshuchon Use Tnx 34 255 643 82% Total $1,331,150 $923,184 -3065% BURA EXCLUDTNG CROSSROADS MALL- DECCMI3ER YTD 2003 VGRSUS 2002 Cate or 2002 2003 Variancc Reta~lSalesTax $14,873,352 $15,036,938 110% Consumer Use Tax 347,028 233,644 -32 67% Construct~on Use Tax 128,846 219,102 70 05% Total $15,349,226 $15,489,684 092% TOTAL BURA - DGCEMBGR YTD 2003 VERSUS 2002 Cate or 2002 2003 Variance Retail Sales Tax $16,192,644 $15,292,026 -1 49% Consumer Use Tax 358,852 241,485 -32 7l°/a Construction Use Tax 128,880 219,356 70 20% Total $16,680,377 $16,412,868 -160% Motor vehicle use tax has decreased by 6 39% compared to 2002 Conshuction use tax has decreased Uy 21 94% Busmess use tax (the complement of B to B retail sales tax) has experienced a yearto-date mcrease of 5 66% The followmg chart demonstrates (net of construchon use tax) how the vanance through December is distributed among busmess related activ~ty and local retail actrvity The chart shows that busmess related actrvity compnses 7 06% of the total negatrve vanance while 92 94% of the negatrve vanance ~s due to ieduchons m purchases by mdividuals This reverses the 2002 trend where busmess spendmg was the largest contributor to the negattve sales and usetax vanance Category 2002 2003 Variance %ofTotalVariunce (Net of Construction Use Tax Busmess Use Tax ( not mcludm autos $~ 395,824 $7,814,620 $418,796 -16.25% Out-of State Retail Sales Tax ( approx~mation of 6,821,919 6,221,043 -600,876 23 31% busmess s endm Sub-total Busmess Related 14,217,743 14,035,663 -182,080 7.06% Retad Sales Tax (not mcludm out-of-state) 50,903,188 48,650,446 -2,252,742 87 40% Motor Vehicle Use Tax 2,231,692 2,089,012 -142,680 5 54% Sub-total [ndividuals 53,134,580 50,739,458 -2,395,422 92.94% Total Sales & Use Tax (not mcludmg Construchon Use Tax & $67,352,623 $64,775,121 -$2,577,502 100 00% Refunds The followmg graphs dlustrate trends by tax category ovei the lhree-year period, 2001 - 2003 through December SALES 8~ USE TAX TRENDS 50% ~, 40% m i. 30% ~ ° 20% a E 10% 0 .. " 0% m rn A -10% L ~ -2~% 0 .3~% -4~% ^ Retail Sales Tax ^ Business Use Tax ^ Construction Use Tax ^ Motor Vehicle Use Tax ~ Total Sales & Use Tax Collected by Category 1998-2003 70,000,000 60, 000, 000 50, 000, 000 40,000, 000 30, 000, 000 20, 000, 000 10, 000, 000 ~ Retail Sales Tax ^ Business Use Tax ^ Construction Use Tax ^ Motor Vehicle Use Tax Year 1998 1999 2000 2001 2002 2003 Sales & Use Tax by Area i 10% 0 ~Q, 0% o -10% L L ~ ~f -GO% ~ c~ -30% ~ v -40% ° -50% Year _~ ~ Crossroads ^ Pearl Street Mall ^ University Hill ^ All Other ^ Total SALES/USE TAX BY CATEGORY Construction ~~-- T--- Busmess Use Tax 11% Motor "~"~~le Use ax % Retail Sales - Tax 81% YTD RCTAIL SALES TAX STRENGTHS WEAKNESSES • Transportat~on/Uhlit~es up by 3 79% • Core Retail Categones (General ftetad, Apparel East Downtown up by 13 28% Stores & Home Purmshmgs) down by 5 66% • North Droadway up by 7 20% • Automotrve Trade down by 5 62% • North 28'" St Commercial up by 1 35% Food Stores down by 2 40% ~ Unrversity of Colorado up by 7 96% Eatmg Places down by 2 44% • Gunbarrel Commercinl up by 2.96% Computer Related ausmess down by 35 06% • BURA up by l 10% ~ Pearl Street Mall down by 2 65% • UHGID up by 2 67% ~ Ci ossroads Mall down Uy 30 64% • Pubitc Uulittes down by 6 39% • Gunbarrcl Industnal down by 53 55% Metro Denver down by 23 41 % Out of State down by 8 81 % YTD USF. TAX STRENGTHS WEAKNESSES • General Retail up by 23 94% • Construction Use Tax down by 23 G3% ~ Industry type All Other up by 10 86% • Umvers~ty of Colorado down by 81 79% ~ Out of State up by 75 26% • Pearl Street Mall is down by 72 96% • Basemar up by 196 02% • North Broadway down by 78 49% ~ Boulder Industrial up by 13 39% • N 28`h St Commerctal down by 64 40% Downtown up by 23 92% • County Clerk down by 6 39% • Gunbarrel Industr~al up by 7 38°/a COMBINED SALES & USE TAX STRENGTHS WEAKNESSES • Tra~sportatton/Utilities up by 2 86% • Construction Use Tax down by 21 94% • Industry type "All Other" up by 1 60% • General Retail down by 2 85% • BURA up by 0,92°/o • Apparel Stores down by 12 76% ~ Boulder Indush~al up by 3 82% ~ Computer Related Busmess down by 21 08% • East Downtown up by 19.39% • Automotive Trade down by 5 6l% ~ Pearl Street Mall down by 7 78% • Crossroads Mall down by 30 65% • Gunbarrel [ndustrial down by 7 63% • Umversity of Colorado down by 50 97% • All Other Boulder down by 5 77% • Metro Denver down by 23 95°/a Out of State down by 6 10% • Public Ut~ldies down by 6 83% OTHER TAXES • Adm~ss~ons Tax is up by 3 13% • Accommodat~on Ta~c ~s down by 7 75% BUDGETIMPLICATIONS As stated previously, the 2003 December vear-to-date total sales and use tax collections decrease of 5 21% ts better than the 8 00% decrease forecast for the total year In dollar terms, tota12003 sales and use tax collect~ons were $2,000,000 better than the final rev~sed forecast 03_12STX_mmo DI~.CI;N113LR 2003 SALLS AND USE TAX REVCNUI'sS Total Net S:dec/Use T.~x Rece~ptc by fax Cntegory ~ 2002 ~ 2003 [ % Chan~e I /n tlf "1'otn4 ~ Salcs Tnx 57,725,107 54,R71,489 -4 94% 81 16°/a Busmess Use Tax 7,395,824 7,R14,620 5(6% 11 56% ConstructionUse'lax 4,171,773 3,25(,G53 -2194% 482°/n Motor velncle 2,231,692 2,089,012 -6 39% 3 09°/n Reftmds -197,215 -424,272 11513% -063% Total Sules and LJsc Tax 71,327,181 67,607,502 -,511°/ 100 00% U~CEMI~CIt Y~S~ Aotual Totnl Net Sales/Use Tax Reccipts by Imlustry Typc 2¢U2 2003 °Iv ~GIINhI~O °/a oC 7'ptA~ Food S[ores 9,294,397 9,052,65R -2 60"/0 13 39% GahngPlaces A,085,071 7,847,285 -2')4% 1161% Apparel Stores 2,346,305 2,046,951 -12 76% 3 03% 1-lome I'urn~shmgs 2,793,089 2,634,616 -5 67°/a 3 90% General Retad 13,572,651 13,185,423 -2 85% 19 50% Transpurtahon/Util~hes 5,923,205 6,092,759 2 86% 9 Ol°/o Aummotrve Trade 5,99Q104 5,653,898 -5 61% 8 36°/u Bwld~ng Matenal-Reta~l 1,764,)62 1,715,796 -2 79% 2 54% Construction Use Tax 4,13Q137 3,154,334 -23 63°/a 4 67% Conshuct~on Sales Tax 305,363 308,535 1 04% 0 46% ConsumerElectromcs 1,371,903 1,287,933 -612% l91"/0 Computer Kelated Busmess Sector 5,074,789 4,005,141 -21 08°/o 5 92°/a All Other 1QR72,420 I1,046,446 1 60% 1( 34% Refunds -197,215 -424,272 11513% -063% Total Snlec anJ Usc Tax 71,327,181 (7,G07,502 -5 21% 100 00% pECI~iN1~1L6'YTA Aafunl 'fotal Net Snles/Usc Tax 12ecc~pts by Gcographic Aren 2002 2003 °!~ Chan e % df Totni Norlh BroaJway 1,O12,223 956,937 -5 46% 1 42% llowntown 4,935,580 4,912,539 -047% 727% Downtown Extens~on 458,449 430,496 -6 10% 0 64% UEIGID (the "hill") 928,637 941,951 1 43% 1 39% East Downtown 614,432 733,598 19 39% I OJ% N 28th St Commerc~al 4,554,003 4,494,302 -1 31% 6 65% N[3raadway Annex 214,912 183,112 -14 80% 0 27% Umvers~Ty of Colorado 1,880,280 921,821 -50 97% l 36% Basemar 1,233,987 1,224,358 -078% 181% BURA (w/o xrds) 15,349,226 15,489,684 0 92% 22 91% Crossroads 1,331,150 923,184 -3065% 137°/a Table Mesa 1,838,530 1,825,521 -0 71% 2 70% Tlie Meadows 1,106,63G 1,022,703 -7 58% 1 51% All Other ~oidder 3,812,233 3,592,429 -S 77% 5 31% Doulder County 854,020 847,156 -0 80% 1 25% Metro Denver 3,207,245 2,438,998 -23 95% 3 61% Colorudo All Other 154,769 127,319 •17 74% 0 19% OutofState 7,048,610 G,61R,354 -610% 979% Avport 28,900 1Q697 -62 99% 0 02% Gunbarrellndustnal 3,299,715 3,048,043 -763%o 45]% Gunbarrel Commermal R83,990 889,529 0 63% 1 32% Pearl Street Mall 2,276,154 2,099,059 -7 78% 3 l0% Doulder Industnal 7,1R6,160 7,460,555 3 82% I1 04% Unlmensed 2ece~pts 492,570 473,665 -3 84% 0 70% County Clerk 2,231,692 2,089,012 -6 39% 3 09°/a Publ~c Uttllttes 4,~90,291 4,276,752 -6 83°fo 6 33% 2efands -I97,215 -424 272 115 13% -0 63°/n 1 otnl S~Ies and Ose I az 71,327,181 67,607,502 -5.21% 100 00% nrecmu~c~ vTn ~~~tU~i M~scellnneous P~rSts~t~shes 2002 2003 %Cl~ange Cotal Pwd Serv~ce Cax 378,732 371,074 -2 02"/n BURA Arca 1'ood Seevieo Tae 8h,339 83,095 -I 47% Acco~nmodauonsTa~ 23R1,2G9 2,196,791 -775% Admtsaion+ CG~ 397,742 410,198 3 l9"/0 Liccmc I ces 2fi,795 26 950 0 SR% P~~sh fax 967,1(5 )97,193 3 10% TOTAL CIN SALES AND USE TAX RETAILSALESTAX ~ 7995 3172576 3,718407~ 4201,978J 3,233847~ 3,393302 4,337509~ ftate Chg 2 86% > 3 1 t% _ -=0 3,687 064 3 534,942 4,630 724 ~ 3 960 402 ~ 3 836 061 ` 4 766 298 _ ~-- --~-' ~ 79W 4027798 3490839 4549062 4104.956~',_ 4029425 4,947334 RateChg317%>326% ~ 7998 41t5'142i 4142735' S055342 4 ___ 4287897 4574657 5480117 _ __'_- -___ Rate326% -___- 7999 ._ __--' 43421501I 4712965 54935831 4694705 5235,792 6,170357 I 2000 I 4 450 553 5 116'135 6 066 98 0 4 726 230 4 847,958 _ 6 373 594 _ _ _ __ 2001 { __ 4 957 524 I 4 489 252 6 247 377 4 635 634 ~ ~ 4 824 201 ~ 6,~ 90 040 ~ 2D02 4 538,744 i 3 903 954 4,958 202 4 544,590 ~~ 4 682 370' S 663,454 i _ 2003 3 872 374 ~I 3 874 955 5 055,136I 4,093 068 ~ 4,264 729 ~ 5,232 316 ~ Changefrompno~year(Month) I 4468%i -074%' 196% -994%~ -892%~i -761%~ Changefmmpnoryear(YTD) ~ I -7468%; -624% i <47% -5B5% -649%~ -671%; ~ CONSUMERUSETAX ~ 1995 345124' 426090; 726,612 473103~ _ 552789._ - 2,022038 - , Rate Chg 2 86%> 3 ~ 1%___ ; 1996 _ _ 486 245 i 549 494 i ~ 708 784 593 865; 864 987 i 802 344 1997 548 977 i 494 254' 703 565 66t,481 469 656 7 045 788 ~ ~' Ratz Chg 3 71 %> 3 26% 1998 737 551 ~ 527 62t 1,080 009 ~ 908 62t5 ~ 667 896 781 751 Rate 3 26 % ~ 1999 686 623I 718 812 679 496I 585 8fi3 ~I 688 465 914 O66 ~ 2000 i 699 742' 784 507 988 545 ~ 809 722I 713,927' 1 054 603I -~- -- ~ 2007 1'I65 937I 899 129 t 771 836 908 629I 889.797 7 427,618 ~i ~ 2002 776,462 565 976 1 293 800 783 956 ~ 497 237 7, W 7 7 j97 2003 796 157I 517 559 836,398 ~ 877 962 ~- 766 286', 962,785 i Change from prior year (Month) ~ 17 40%~I -8 55% 35 35%I 11 99 %~ 56 73 %~ -17 82% ~ Changefmmpnoryear(YTD) ~ 1740%~ I 259% -7fi46%~ I -982%~ -'106°/a -344%j j CONSTRUCTION USE TAX I 7995 95 752I 174 528 171 448 RaleChg286%>317% I r 199fi _ _7~90399~ - 84~48' 7397fi7 l 7997 760 391 ~, 138 436 185 276 Rale Chg 3 11 %> 3 26% l 7998 728 710 ~I 206,650 230 726 Rate 3 26% ~ 7999 154 009 ~ t71,704 223 837 2000 239 212 ~i 47fi,528 '168 469 _ 200'I 791496~ - 331376~ -__ 772697 _ _ - __ _ - - 2002 ~ 214 010 i - 565 519 282 392 2003 164449~ t21585_ t38559 103 638 ~ 174 901 73'I 546 162 077 222 809 ~ 772 251 267 975 ~ 179 780 213,787 273553~ 240980' 375,896 364 2501 355 225 740 920 171747~ 798124 787243 442587~ _ 275384 '1,181606 oooo.~l n~c~cc a~cana Changefmmprioryear(Month) -I -5179°/a~ -7850%i _ -5093%~ -4fi77% 9303% <285% _ Changetrompnoryear(YTD) j_ I _ __ _ _ _ -51'19% ~ -7100%~ -6567%I ~ -5993~i I -4078% -0162% TOTAL FOR MONTH 8 CHANGE FROM PREVIOUS YEAR (MONiH 8 YTD) ; ~ 1995 3 553 452I 3,659 019 5 099 978 3,853 925 ~ 4,070 256 6 497,059 Rate28fi°/o>317% j 799fi 4,363708I 4769184 5479,275 4657905, 4,875949~ 5700188 7997 4 730 SOfi I, 4 123 529' S 437 923 I 4 928 574 ~ 4 721 890 6 165 373 Rate377%>326% t996 4,98'1403~ 4870,405 6,365477 ~ 5464499~, 5362333 6475655 @Ra1e326% '1999 _ 5737257~ 5573370~ _6494,7W {~ 5,468665I 6,N5907 7334053 I 2000 5387,'170I 6,373504 7209274 I 5878770~ 59t7N0i 7557349 _ _ _ I 2001 6371976T 5640826 8171,429 ~ 5687,5501 5970,439'_ _7,804454 _ __ _ J _ 2~02 5 468 062 _ 5 035 219 6 52I 258 + 5 771 133 5 391,752 7 922,646 ___ 2003 4740597 4505,272 - 6023015 ~ - 5,074 74 9~ 5,424999'y 6,794,082 ~ %Chan9e(month) -7330% -1052% 764°k 7207%~ 062%~, _-7425% i _ _ _ %Change(YTD) __ __ _ __ -7330%~ _ 1797%' _-1037% _ -7076% ~658%` _''982% _ _ " __ _ ~- __ _ - - -- -~_' _ _- _ _ _ _-~ - -_"-~- _"_ _ - -~ ~ -__ ~- ~ _-_ 3,228000 3,775299' 4478,000 3960040, 4133563`5,2fi3630~ 4,27t 869 4,360 040' S 248,687 4,346353 4767,185 5616fi09 y _-'_ 4,686,459 5 039,548 i 6 725 483 4942506 5753202~ 6856217 4463685 4,84~,5901 5,886,573 4 381 120 4 725 305 ~' S,90,049 4,767,666 46fi3,992' S171987 -087°h -730% -775% -646°/a -587%~ -598% 3 588 588 ~ 3 550 979 ~ 5 268 734; 45 22~ 153 i O 68 % 40217701 3873452' 6017fib6 57665073~ 509% L 4052625 4 487, 6,502,388 53767,930 403% 4,909 120 ~ 5'Ifi4 464 7 732 320 64 446 345 ~ 71 31 % 5225099 4858,752~ g,080,774 fi6,696,7ID}~. 349% 4792 076 4 518,650' 6,822,307 j 62,669,849I -6 04% 4 168 969I 4 315,542 ~ 6.272.808 i 57.725, 707 -7 89% 4 288 2t3 4,246 924' S 940 775 54,677 489 -0 94 % 2 86% 4 59%~ -5 30%I ~ -520% -490%~ -494%I , 776 477 362,161 660 456 - 755 310 - - 5'17 124 570 263' 741 622 677 490 _ 754 834 659 372 876 052 698 353 698,070 76'I575, 836403 616703 969355 667,fi92 1086901 686,512 787 906 946 277 ~ 7 295 039 697,305 1017687 975,272' 955683 7,4'IS'169 ~ 808,999 671 088 648,455 767,543 656 799 879 764 914 869 635 455 4881% 2207% 4708% -1727% -560% -271% 130% -057% 781 599 ~ 385,539 773 800 710 SOSI 784,8'18 735561 ~ 293,268 295,967 I 794,632 2D3,275 199533 129502I 790 90 262 748 ; 178 O6t 28~ 237 ~ 770109 216 171 ~ 419,966 '136124 j 388 170 253 944, 229,070 259,372i 227 009 3'I7 433' - 471 446 - 319 083 ~ 195,374 197 745 ` 158,413 167 273 ~ 220,473 _ _ 259 9461 239 337 t67 913J 7282% ^ 3'145% " 5108% - -317% "" 38'19% J401%~ -3070% _2886% i 4,186,076 4 663,079 ~~ 5 252 256 4 454 403 4,661982 4,639407i 6298,720 4994,627 5i6t335 5222627~i 6,324,272 4880480 5 234 994 5,785 448 , 6 633 074 4 945 733 6 027 289 6 119 595 7 624,850 5,729,607 6,076 321 6 353 237 i 8 376 501 ~ 6 775 745 5,698895 6719069 7312362 fi,521,146 5384967 5583917; 6255713 5087,828 5044,475 5,742505' 6,257023 5,06'1,802 -632% 264°/u 002% 000% _=937%---792%~~ fi99°/a - 638°k 557 747' 7 017 347 722.449 ~ 7,297 623 i 572,380i '1,476,445i 900,937 1 420 215 748748~~ 1,090.556~ 628 926 ; 1 153 296 'I 045 632 i 'I 052,566 66 26%, -8 73°!0 445% 287% ~oi am; zzs ziz 195462; 179,443 792 fi95i 242,769 158 5ID' 144 617 t73,901i 249 744 194510~ 766293 767 464 i 384 065 "_292983', 388157 7495%~~ '107% 8,9294'19i 5024% 8,240654 -7513% _ 6480706~ 297% 9632221i 835% 10132,6t0i 519°/a ~1098,124~ 953°/a '13 259 454I 79 47% 9 627 576 ~=27 39% 9903632 287% 1 736 669 1 90 % 2,061755 9t4% 2143087 398% 2573501~ 7456% 25654'10~ -037% 3 298 682 ~ 28 58°/< 2947850' -1082% 4777.773 4181°/< ~- _' 3 256 653 :27 94 % I I 4 267,665 ~ 6 342 733I 55 893 24'I I 6 32 % 4 591 772 ~ 7 354 704 ~ 61 986 822 ~ 1 99 % SOD2,095 7,fi93,7791 64,391,722 388% 5741979~i 8244186; 7070578b 386~ 5644702' 9350601 76St4092i 179% 5,7555W 9743094 807975t7 519% _ _"~' __ ___ 5467,909', 8,073.377~-"76713373I -258% ~_5110,383~ 78001~5~ 713271821 -938% 5 584 959 ~ 7 334 298 67 607 502 -5 27 % 929%~ -597%I 512%~_ 521%i ______'-- - Sales & Use Tax Revenue by Geograph~c Area Afea ~ Yeaf ~ Jan ~ EeE ~ AAar r Apf ~ May ~ Jun ~ Jul ~ Aug ~ SeP ( atF ~ N1x+ ~ BUR4 w/XR0.5 7996 j 1 1 Bt 131 ~ 1 734 724 7 326 598 1 200 956 ~ 7 306 179i 7 363 216 'I 23~ 23fi~, 1 353 044~ 7 426 586 1 256 fi201 1 274 345 GEO 10 w/17 799] i 1 156 2~6 1 131 902 1 294 658 1 231 021 ~ 7 214 t74 7 557 567 7 254 SOOi 1 405 286 7 483 754 1 302 088I 1 397 22d -- '1998 7 275 420, ~ 257 6G4 ~ 1 515 BB8 7 362 454 1 407 933I 1 499.131 7,384 52~ 1.533 499 I 'I 626 ~2i 1 327 3441 1 596 561 - - - _ 1999 t 311 472 1 462 196 t 584 004 1 372 44fi 1 fi54 872~ 7 679 044 7 574 8'15I 7 640 758 i 7 772 453' 1 559'109I 1 627 387 _ 2000 7 455 170 1 499 236 1 677 638 1 475 824 1 504 878~ 7 71 t 382 1 523 878, 7 570 9A8 t 707 246 1 489 380I 1 492 678 -- -- - -20~7 I 7 329 571 1 327 %0 1 537 786 1 323 442I 1 438 423~ t 484 451 1 265 185; 1 423177 1 469 611' 1 410 680 7 391 257I ' 2002 L _ 72699]1i 119DW5 131~303 t463075 t46609U 139'!]64 125t934i 1355399 13T1342 126113t1 t398]11~ __ _ __ _ 2W3 1 228 502 t 127 406 1 311 49] 1 t 236 550 1 376 06] 1 386 551 1 319 ~42 1 463 195 1 456 799 1 320 5~0, 7 356 253I Chgfromprioryr(monN) ' 327%, 526% -044% -1548%i 4023% -080% 542%I ~95%~ 577%i I 471%~ -304% _ Ghgfrompnoryr(yea~) ~ J2]% 423% -29~% -642% -725°/< Et4% /i59% -301h~ -201% d37%j -153% i DowntownArea 1996 ~ 24]860 247492 339260 269390 I 295516~ 350846 31206]I 3144~9~ 390526 291]78, 274103 GE022(fmrCAGID) 199] ~ 243200 246062 362118 2]5560 300]20 356372 _ 309322 ~ 34D21~ 4]9992 306495; 302513I _ 338766 31683t 35926G 323604 3405 395237! 367534 345]01 401998 1998 _ - 258975 - ' 2~01~6 ~- :, - -- _ ~ - - 1999 ~ 27]t20 306846 364321 32t645~ _411~22j 4140~3 3]9572~ 3749381i 424501i 354409~ 356335 _ 2000 I _---- 312 314 440 343 399 289 359 600I 384 974, 463 454 3~3 697 36D 906j 480 363' 401 873 ~ 314 026 _ _ ~ 2001 I 328 098 380 211 433 4]0 324 902 295 474! 45D 214 360 737 377434 ~ 429 640 , 441 35u~ 367 550 2002 I 340 356 302 600 393 518 465 479 422 975~ 537 489 359 308 388 977~ 416 692, 380 681 ~i 328 982~, 2003 361 839 289 594 367 620 329 464 _ _ 473 607~ 859 332 357 632 ~ 357 372I _ 375 016, 371 722 309 792 Chgfrompnoryr(monN) 631%~ 430h £56% -2923%~ 1tW%i 5988% -047% ~ -8t3°h 4000% -240%~E02% Chgfromprioryr(yea~) i 631% t32% 468% -t022k -534%~ 669% ]]0°h ~518h 39]°0 33G°/ 265% PearlStMall 1996 ' 101769 710653 14D987 126109~, 165400~ 203498 U2394I 186350~, 777326 150855', 733992 GE026 199~ I '109697 t38883 165366 139504 i6]841~ 212273 190516 t76073 i t]2914 1]0460 748732~ 7998 I 70896fi 736749 1"]62 _ i ~ 194.114~ _ _ _ _ _ '_ _ _ - t41582 _ - - 243655 _ _-- t49430 __ _ -'-I 798470 _ __ 2700G0 "______ _ 206311i _- _ 793227 _ _ __'_ 256208_ __ -- - _ _ 203818 784809~ ~ 2000 9 170546 1 772745 277576 203633 '193146~ 308381 23695T ~ 231205 _ 2435~7 209456I, 169159~ -"- - -" ~ 2~0 I 10 150 t49897 374090 166778~ 189596 280507 ~ 214250 213434 2360T7 1691]91 159098~ 2002 I 136 601 i _ t2g 3g6 _ 199 3~5 ~ 191 73c1 __ 1~ 267 53~ 197 226 _ 212 796 '197 323 152 32~ 162 649' -- " ---- 2~03 118 922 '137 268 171 60t 150 01 3 178 0021 794 285 185 04& 194 802 788 184 162 810'i Chgfrompno~yt(monih) ~ -t294% 692%~ -0393% -2t~1%{ -386k~ 2]38% -323%~ -820% -063% 689%I Y " Ch9fmmPnorr(Year) '-- -' " I _ ' - 3 7268%I ' ' 05% 72 -11'19% -9]1J Downtownw/Mall ~ 7996 '~ 349029' , T 681~~- 344 ~~ •~ ~~~484461~~• 0 ~•~~•~~~~~••~ 5 0 J ~ ••"'-- 567853 - 442633 "_ Subtotal22826 t99~ $306 3 36495 _ 527484 415064 ~ 468 58 645 499639~ 576287 _ 652905 476955 1998 367 661 406 855 575 056 468 384 528 927~ 741 368 5'17 383' I 605 536 567 838 I 489 559 1999 417748 450430 607776 4]10]6 610133j 684132 585889~ S68t65 682]10, 5582271 2000 ~ 482 860 613 087 616 665 563 233 S/B 120; 771 835 610 653~ 592 711 723 885 617 329~ 2007 ~' 4]8 208 530 706 ~4~ 561 491 620 485 07d 730 721 574 987~ 590 866 665 717 610 528; 2002 ! 4"/6 958 430 986 592 693 657 271 ~i 606 120' 805 027 550 534~ 601 714 614 015 533 20'I ~ 2003 480 ]62 426 861 539 222 479 506~i 657 608~ t 053 617 542 680! 552 714 Sfi3 20'I 534 533 Chgfrompnoryr(month) ' OBO°h -096h -905% -2]04%~ '/t5%i 3088% 443°h~ I -815h -828b~ 025%~ Ch9frompno~yf(yea~) ~ O80%~ -004°/ -360h 4074°k~ ~BOh~ 169% 12]%~ 00]°/a~ -088k1 -0]8%~ BURA&DOwntown ..'6 1 530160 1 492 369 t 606 &59 1 598 455~ 1 767 095; 7 937 560 1 72'I 697~ 1 853 874 1 996 439~ t 701 252' Sub-total 22126/f 0/11 19W ' 1 SW 37T 1 516 86] t 622 143 1 646 0&5' 1 662 734~ 2 126 272 1 754 338' 1 921 573 2 736 O60 t 779 042~ t998 I 1 583 301 7 664 579 2 030 444 1 830 838~ 7 93U B60 2 240 500 1 901 910, 2'139 035 2 192 640 7 et6 903 1999 ~ 1 729 220 ~ 1 932 626 2'19t 780 1 843 522I 2 265 0041 2 363 176 2100 698i 2 208 922 2 395 163~` 2 177 336~ -- -- -- -"- 200~ ~ 2 712 324 2 288 503 2 039 057 2 062 998~ 2 483 217 2134 531 ~ 2163 0G0 2 425 130i 2 700 708! 2007 ~ 1 807 779 1 857 468 2 285 34~ 1 815 063~ 7 923 d33'~ 2215 172 1 640 172I 2 014 645i 2 t35 327 2 02t 408~ "- - -- - - 2002 1 746 929 1 620 997 t 910 196 2 720 226 2 074 270~ 2 202 ]90' 1.802 468~ 1 956 513' 1 991,35] 1 794 332~ 2W3 t 709 2fi4 1 554 267 7 850 719 1 776 O56 7 967 675'i 2 440 168 1 862 422~ 2 015 309~ 2 020 000 7 855103I~ Ghgfromprioryr(month) -2~6% ~412% 311% -19W%~ -514%I 1078%~ 333% 301%~ 144%, 339% Chgfrompnory~(yea~) -216% 310°h -310% -768°h~, -]12%~i 3]4% -280%I -206%j 466%I -119°h,' A~ea ~ Year { Jart I Fed ~ Mm' h APr Maq f JU~ ~ Jul ~ Aq9 I Sep ~ 6a ~ UHGID 1996 I Bqg7y g~p~7~ 87875 59720 62290; 79713 64358 87200 125795 66657, GE0 04 I 1997 86 390 60 026 67,780 65 490 60 568j 65 081 62 703 62 268~i 733 603 64 862 ___ 7998 63 419 95 065 68 589 67 326 60 062 I_ 65 764 -- 55 530 705 371I 86,072 72 ~57 ~ "- - " t999 , ~ 92636~ 61129 _ 6199D __'- _ Sfi385 -_' ____ 66461i 75023_ 60047 t0799 ~89747 62773i __ ___ _ __ _ __ _ _ _ - _ 2000 _ 62499, '- 716772 66597 60797I 71308 87 383 9 59 991 88155~, 140 290i 68 069 _' 2001 I 6413d 65747 65440 60960 fi1787 7 , 61382 ~~~' 124p40 68177 2002 I 99 901 58 31 ~ 70 342 67 541 59 O55' 77 670 63 583, 88 336 132 88~ _ 73 933~ 2003 107 114 59 503 ~0 940 _ 62 484 62 434~ 70 687 48 399 126 499 172 099 82 002 Chgfrompnory~(monih) t21h 205°/' 0&5% 449b 1 5]2h~ A99% 2388% ~ 4320h t564%~ 1091h ~ Chgfrompno~yi(year) ~ r 721% 152°h t31% -069% 037%; 131% -020% 296% -048% O56% ~ 2 191 0]] 16 2]5 272' 13 57% 2704361~ 165322051i 758h 2 350 220 18 069443 9 30% 2 544 103i i 79 682 652 8 93% 2368311~i 79484509i -707°b 2040662i, 17442005~ -1048% 193t]it~ 166803]7~ ~3]% 1889~% 76412.866 460% -2 17%' I -060% I 426 762 3 ]59 422 591 3 9P5 444 557 4 163 578 914 4 568 626 922 4 977 46fi 66~ 4 fi55 598 384 4 935 460 269 4 912 -23 OB % 236 294~ 1 907 022 245 629, 2 036 OBB 306 98T 2 393'147 3406]4~ 2530613 374,937' 273123] 283 240 2 52619] 251 662 2 276154 256177 2099,059 no~ 494% _ 553%_ _ 973°hi -' - 7 65% 533% 601% -047% 14 78% 6 87% 1742% 574% ] ~8%I I 662456~ 5852200'I '1359% 668 220 5 983 266 2 24 % 757 544' 6 556 443~ 9 58 % 979587 7099011~ 828% 1007853 7649078 775%i 749 899, 7 181 876' -6 17 %~ 850045~ 7277,734~ 042% ]76447 701'1,597 -278% 4572°h I 2]8% 2853533 22t274'12~ 7357% 2772587 22515477'~ 775%i 31~1]64 24625886 937% 3463690 26]81663~ 8'/5% i61 BSfi -049h -897%_ 596 491 63t I 477 047 -019% -1 OS % I 7 7 2 2 t 1 1 1 9~5 864 9t7905 ~ 3 390 164 2790762 27 t33 5261I 24623,887 7 3t % A25% 890 342 2 787 757 23 892 177 -- -2 97 %~ 827 300 2 606182 23 424p65 -0 9G%' -333% E31%~ I -038%I -19G% I Nw 4 UeG # 7oiai 58421~ ]8209 929227~ - '_ _ , ~_ 012% 53 DO81 70 771 857 971' -8 31 % 56285i 74850 8]a421~, 2'17% 62837i 774t2 874372~' ~- -" 045%' 57 95t ' 67 997i 96'I 208 ~ 9 93 % 61 387~ 87147 9204 ~ 24% 64 933 72 146 ~-' 926 637i_ '___ 0 89 % I _ 70149 7564t f 941951 143%'_ B03% ~ 484% ~ ' USE >< SALCS COMPARISON O~ YEAR-TO-DA7 E ACTUAI. RF:VENUE FOR I IIE YF,AR 2003 TO WbIPARABLE PF.RIOU IN 2002 USE TAX BY CATEGORY SALES TAX BY CATEGORY 2pp2 2bQ~ °fo Change Standard Industrial Code ZQ 2Q 3 °~'a ange 96,043 75,483 -21 41% Food Stores 9,198,354 8,977,175 -2 40% 208,871 163,443 -21 75% Eatmg Places 7,876,201 7,683,843 -2 44% 15,164 34,248 125 85% Apparel Stores 2,331,141 2,012,704 -13 66°/a 10,096 10,902 7 98% Home Furn~shmgs 2,782,993 2,623,714 -5 72% 653,732 810,219 23 94% General Retail 12,918,919 12,375,205 -4 21% 243,745 198,068 -18 74% Transportatwn/Util~hes 5,679,460 5,894,690 3 79%o 2,250,463 2,124,426 -5 60% Automottve Trade 3,739,641 3,529,472 -5 62% 12,905 I5,785 22 32% Butldmg Matenal-Retad 1,752,057 1,700,011 -2 97% 4,130,137 3,154,334 -23 63% Construchon Use Tax 0 0 na 0 0 na Construction Sales Tax 305,3G3 308,535 1 04°/o 78,870 63,506 -19 48% Consumer Electwrucs 1,293,033 1,224,427 -5 3]% 2,093,605 2,069,144 -1 17% Computer Related Busmess 2,981,183 1,935,997 35 06% 4,005,658 4,440,728 10 86% All Other 6,866,762 6,605,717 -3 80% 13,799,289 13,160,285 -4 63% Total Sales and Use Tax 57,725,107 54,871,489 -4 94% USG TAX BY CAT~GORY SALES TAX BY CATEGORY 2~02 ~ 2043 + °/'a ~han$e Geographic Cade 2402 j ~P63 ~ °fa ~:hapge I49,580 32,180 -78 49% North Broadway 862,643 924,758 7 20% 639,489 792,457 23 92% Downtown 4,296,091 4,120,081 -4 10% 9,498 43,352 356 43% Downtown Extension 448,951 387,144 -13 77% 23,499 12,628 -46 26% UHGID (the "hdl") 905,139 929,323 2 67% 71,403 118,433 65 86% East Downtown 543,029 615,165 13 28% 184,428 65,665 -64 40% N 28th St, Commerctal 4,369,575 4,428,637 1 35% 67,380 36,421 -45 95% N Broadway Annex 147,532 146,690 -0 57% 1,234,681 224,805 -81 79% Umversity of Colorado 645,599 697,017 7 96% 28,953 85,705 196 02% Basemar 1,205,034 1,138,654 -5 51% 475,874 452,746 -4 86% BURA 14,873,352 15,036,938 1 10% 11,859 8,096 -31 74% Crossroads 1,319,291 915,088 -30 64% 11,861 19,283 62 57% Table Mesa 1,826,669 1,806,238 -1 12% 62,451 59,352 -4 96% The Meadows 1,044,185 963,351 -7 74% 1,653,408 1,595,955 -3 47% All Other Boulder 2,158,825 1,996,474 -7 52% 176,309 226,470 28 45% Boulder County 677,711 620,686 -8 41% 221,527 152,132 -3] 33% Metro Denver 2,985,718 2,286,866 -23 41% 11,185 5,625 -49 71% Colorado All Other 143,585 121,695 -15 25°/a 226,692 397,311 75 26°/o Out of State 6>821>919 6,221,043 -8 81 % 12,530 552 -95.59% AirpoM 16,371 1Q145 -3803% 2,486,804 2,670,419 7 38% Gunbarrel [ndustrtal 812,911 377,625 -53.55% 21,303 1,339 -93 72% Gunbarrel Commerc~al 862,687 888,190 2 96% 166,080 44,910 -72 96% Pearl Street Mall 2,110,074 2,054,148 -2.65% 3,249,556 3,684,773 13 39% Boulder Industnal 3,936,604 3,775,782 -4 09°/o 206,150 206,130 -001"/o Unl~censedRece~pts 286,419 267,535 -659% 2,231,692 2,089,012 -6 39% County Clerk 0 0 - 165,096 ]34,535 -1851% Pub6cUtilrties 4,425,195 4,142,217 -639% 13,799,289 13,160,285 -4 63% Total Sales and Use Tux 57,725,107 54,571,489 -4 94% Sales and Use Tax Revenues Caenerated in the UHGID Area by Standard Industrial Classification 2001 2002 2~03 Footl Eahng Apparei Home Stores Places SWres Fumish 2590 24,030 4,798 3,8~4 3,180 36,057 4,457 2,707 2,849 28,064 5,879 2,961 3,956 37,979 8,316 2,748I 2,946 33,969 8,148 2.654 '~~ ~ 3,062 38,848 6,526 2,924 5,171 31,139 5,114 2,547 3,525 34,855 7,859 2,962 4.234 41,257 ~1,725 2,975 3,676 34,954 9208 2,807 4,052 30,785 9,678 2,769 2808 28191 27,809 3,023 47,988 394,142 703,513 35,171 2,695 31,302 5,669 2,353 2,943 33,079 4,250 2,3~9 3,552 32,857 5 872 3,035 3,360 38,204 5,174 2,913 3J92 37,582 5,941 2,533 3,746 37,944 7,445 2,517 3,410 32,8fi9 5,376 2,465 3,506 35,029 8,585 3,772 3,971 42.680 ~3,457 2,984 3 938 43 136 6,8~7 2,993 3,977 26,846 13,610 2,703 4,037 26,738 7,272 4,116 42268 407.606 89,454 34,104 3,048 27.490 9,364 2,690 3,877 32,399 3J69 3,385 3,877 32,752 4,576 3,139 3,600 36,386 4,283 2,89fi 3,180 34,700 5,627 2 547 3,436 27,284 6,816 2,854 3,346 25,397 5,060 2,856 3,893 44,608 6,241 3,646 4,660 48,734 10,072 3,600 4,024 43,413 7,326 3,745 3.415 37.045 78J47 1,912 3,26~ 27,573 71.350 2,780 43,618 417,782 9A,036 35,450 Gen GRAND Merohantlise Transpo2 Construchon NlOthers TOTAL 47.808 - 1,095 - 84,734 16558 - 90 111 fi5,747 23,49~ - 213 1,944 65,440 13,793 - 101 66 6Q960 10,788 - 431 3,245 61,78~ 35,856 - 658 4,921 92,797 ~6,287 - 1,677 (493) 61,362 36,874 7,565 - 503 88,144 61,456 - 352 2,041 124,040 75,372 56 340 1,704 68,717 12,696 - 978 430 67,387 26,387 1,040 38 3,852 87,147 318,763 2,661 5,973 16,327 920,477 53,197 - 4.022 677 99,909 75,712 - - 66 56,310 21.151 966 61 2,828 70.342 17,031 - - 859 67,541 13,071 - 2 727 70 59 055 26,024 1,038 45 2,972 77,670 17,057 - 7,589 817 63,583 36,155 - 1,128 760 68,336 64,847 2,470 95 2,450 732,887 15,892 - - 1,773 73,933 9.085 - 641 8,071 64,933 22.647 7.745 757 3,438 72,146 313,795 6,219 11,079 24,121 928,645 54,745 25 7,023 2.729 101,714 19,337 - - (2,664) 59,503 20,656 1579 618 3,600 70,940 ~1,651 57 415 3,794 62,484 14,239 - - 2J42 62.434 25,577 59 571 4,090 70,687 10,236 - 245 1,259 48,399 62,295 1,568 687 1,539 126,499 35,827 - 6,749 2,457 112,099 17,323 3,744 - 2,424 82,002 7,095 304 446 1,785 70J49 25,117 296 385 5,478 75,641 304,099 7,594 71,338 28,033 941,951 °/,Changefrom2000-2001 2051% 426% 434% 4012% -1307% #DIV/0~ -5~15% 26551% 456% % Changefrom2007-2002 I I 788% 1138% 948% I 628% I 733% I 28368% I 8665% 6664% 1144% % Changefrom2002-2003 319% 250% 512% 395% -309% 2212% 234% 1622% 143% %Changefrompreviousyearmonth -1925% -201% 5607% -4703% 1097% -8295% -4879% 5933% 484% Ad~usted to mclude overdue paymenis from 1999 being recerved in the firsi quarter of 2000 December 2001TOTAL Sales Tax Revenues Generated in the UHGID Area by Standard Industnal Classification Food Eatmg Apparel Home Gen Stores Places Stores Furn~sh. Merehandise Transpoct AIl Others 2001 2,590 24,027 4,798 3,614 47,794 - 3,180 36,048 4,451 2,707 18,549 - 2.849 27,855 5.879 2,98~ 23,454 - 3,956 31,975 8,316 2,746 13,763 - 2,946 33,966 8,748 2,854 10,171 - 3,062 38,844 6,528 2,924 35,823 - 5,110 37,136 5,114 2,547 '16260 - 3,525 34,851 7,859 2,962 36,860 ~,565 4,233 41,153 11,725 2,975 61,429 - 3,675 33,634 9,208 2.807 15,366 56 4,051 30,785 9,678 2,769 72,683 - 2,808 28,~91 21.809 3,023 26,367 7,040 41,985 392,466 703,513 35,171 3~8,518 2,661 111 1,519 68 3,245 4,832 (493 503 ~,605 GRAND TOTAL 63,022 65,046 64,537 60,826 61,329 92,013 59,675 88,~27 3,445 86,683 76,977 9~7,224 2002 January 2.694 37,302 5.669 2,353 53,186 966 677 96,846 February 2,942 37,715 4,250 2,319 75,702 - 66 56,994 March 3,534 32,877 5,872 3,035 21,125 - 2,363 68,740 ~A ril 3,34~ 38204 5,774 2,913 17,018 1,038 859 68,547 p ~May 3J92 31,582 5,947 2,533 12,989 - 70 56,306 ~June 3,746 31,900 7,445 2,517 28,001 - 2,478 7Q086 I~~~y 3,4~0 31,478 5,376 2,465 17,042 2,470 8~7 63,058 IAuqust 3,506 35,000 8,585 3,172 36,143 - 760 87,167 September 3,905 42,680 13,457 2,984 64,828 - 2,~13 129,966 October 3,938 41,339 6,801 2,993 15,878 1,745 ~,~73 73,867 November 3,977 26,746 13,610 2,703 9,063 - 2,~73 58,271 December 4,037 28,138 7,272 4,176 22,593 ~,745 3,132 71,034 2002TOTAL 42,223 402,894 89,454 34,i04 373,566 7,964 76,680 906,884 2003 January 3,048 27,440 9,364 2,690 54,736 25 2,729 ~00,032 February 3,875 30,772 3,169 3,385 19,333 - 3235 63,769 March 3,874 32,752 4,578 3,139 20,608 ~,519 3290 69,760 Apnl 3,599 36,388 4,283 2,896 11,638 57 3,194 62,055 May 3,180 34,356 5,627 2,547 ~4,227 - 2,742 62,078 June 3,436 27234 6,816 2,854 25,563 59 3,765 69,726 July 3,347 25,329 5,060 2,856 10,228 - 7,259 48,079 Auqust 3,893 44,608 8,241 3,646 62,285 1,588 1,539 125,601 September 4,659 48,734 10,072 3,600 35,808 - 1,865 ~04,739 October 4,024 43,413 7,328 3,745 17,223 3,744 1,873 8~,351 Novem6er 3,414 34,452 78,147 1,912 7,083 304 1,785 67,097 Decem6er 3,252 27,543 11,350 2,180 25,043 298 5,~70 74,835 2003TOTAL 43,601 413,020 94,036 35,450 303,775 7,594 31,845 929,322 / Change from 2000-2001 20 50% 4 12 % 4 34% -10 12 % -12 99 % #DIV/0~ 370 82 % -1 03 % %Changefrom2001-2002 778% 1060% 946% 628% 733% 39135% 2332% 999% %Changefrom2002-2003 326% 251% 572% 395% -312% -464% 9092% 247% % Change from previous year month -19 45 % -2 12 % 56 07 % -47 03 % ~ 0 64 % -62 95 % 65 09 % 5 35 % Ad~usted to i~clude overdue payments from 1999 bemg recerved in the firsi quarter of 2000 2003 Pootl Stores Eallng Piaces Apparel Slores Home Pumishings General Merch Ali Other Total §43618 5417,~ffi 594036 $35,450 $304,099 $46,965 $947,951 5% 44% 10% 4°5 ffi°k 5% 700% 2003 UHGIO Sales and Use Taz Breakdown by Intlus4y Ga[egory AIIONer Poo~SbRs 5°p 5% GeneralMercp 32%e Eaung Places Home Fum~sllings 44 % E°m Apparel5bres ia/ ^HGI~ Yearly Summary Sales and Use 7as Breakdown hy Industry Category Food Eating Apparel Home General Stores Places Stores Fum~shmgs Mereh AllOther Total 2003 543676 $477,~ffi 596,036 $35,450 $304,099 $46,965 $941,951 5% 44% 10% 4% 32% 5% 100% 2002 $42,268 $407606 $89,454 $34704 $313,795 $41,419 5928,646 5% 44% 10% 4°0 34% 4% 700% 2001 $41968 $394,142 $103,513 $35,171 $318,763 $26,961 $920478 5% 43% 11% 4% 35% 3% 700% 2000 $34,641 $378,042 $99,206 $39,066 5366,669 $7~,242 5935066 4% 40% 71°0 4°0 39% 2% 100% 7999 $38,474 $345 800 $92 878 $46 325 $345 546 $5,309 $6]4,2~2 4% 40% 77% 5% 40% t% 100% 1996 $33781 $35Q299 $726,670 $40,532 $306,197 $12698 $87037t 4% 40% 75% 50 35% 1% 100% 1997 $37,53~ $323,175 $726465 $39,846 $316,999 $9,035 $853,05~ 4% 38% 15% 5% 37% 1% 100% t996 $33,742 $3428~2 $145274 $74,088 $317,743 $15,788 5929,437 4% 37% 16% 8% 34% 2% t00% Wide Yearly Summary 1 Sales and Use Tax as a Percent of Total City Wide Sales and Use Tax Food Eating Apparel Home General Stores Piaces Stores Furnishings Merch 2003 $9,052,658 $7,847,285 $2,046,951 $3,922,549 $13,185,423 0% 5% 5°/a 1% 2% 2002 $9,294,397 $8,133,237 $2,346,305 $4,164,992 $13,572,651 0% 5% 4% 1% 2% 2001 $9,312,676 $8,384,190 $2,646,021 $4,537,712 $15,553,807 0% 5% 4% 1% 2% 2000 $9,080,910 $8,484,601 $3,159,262 $5,915,794 $17,887,211 0% 4% 3% 1% 2% 1999 $9,207,721 $7,790,648 $3,359,914 $5,553,219 $17,008,884 0% 4% 3°/a 1°/a 2% 1998 $8,932,097 $7,469,094 $3,252,729 $3,570,448 $15,736,140 0% 5% 4% 1% 2% 1997 $7,739,779 $6,797,237 $2,781,018 $3,129,089 $15,439,169 0% 5% 5% 1% 2°/a 1996 $7,611,055 $6,614,561 $2,782,149 $2,862,572 $15,1~1,950 0% 5% 5% 3% 2% AllOther Total $31,552,637 $67,607,503 0% 14% $33,815,600 $71,327,182 0% 13% $38,279,526 $78,713,332 0% 12% $36,269,737 $80,797,515 0% 12% $33,893,706 $76,814,092 0% 11% $30,637,104 $69,597,612 0% 13% $28,494,047 $64,380,339 0% 13% $26,975,579 $61,957,866 0% l5% MEMORANDUM TO UHGID Advisory Committee FROM. Donna Jobert, Financial Analyst SUBJECT 2003 Year End Revenues and Expenditures DATE. March 04, 2004 ' Shown below is a summary of YTD 2003 revenues and expenditures The 2003 budget and 2002 actuals are shown for comparative purposes Revenues were 94% collected and are down $4222 when compared to last year This is primarlly due to the collection of Blue Light revenues of 42k in 2002 ` Meter revenues for street and lot meters were on target with budget, except for the Penn St Lot Meter revenues rose 29%a over 2002, but there was a 33% rate increase in meter rates " Permit revenues are slightly under budget, primarily due to timing of renewals " Tha biggest decrease Is with Interest Revenue, down 155% * In 2002, the UHGID fund received 12k for Hill Restitution in Misc Revenue and in 2003 received $30o for a vei ' Expenditures for 2003 equal 81% of budgeted expenses and are $74,899 below las[ year's axpendrtures ' The Blue Light Phones (42K) were expensed out of ihe Capital reverse replacement fund in 2002 * We monitored revenue shortfalls closely and held back expenses to minimize losses irom tha Fund Balance '$64K was encumbered from 2003 for spending in 2004, $30k of ihat amount is for completlon of the Hill 8usin The balance is for Parking Equlpment, Marketing Consultant and marketing expenses UHGID Revenues and Expenditures - Jan-Oec 2003 2003 Revised 2002 Revenue 2003 % Revenues 2003-2002 Revenues Collected Budget Collected Collected Difference Taxes $25,047 $24,630 10169% $24,262 $785 Street Meters $773,993 $174,000 100 00 % $135,000 $38,993 14th Street Lot $fi0,976 $60,182 107 32%a $55,073 $5,903 Pennsylvania Lot $57,229 $67,200 85 i 6% $57,454 ($225) Pleasant Lot (permds) $27,905 $29,207 95 54% $29,763 ($1,858) Pleasant Lot (meters) $15,123 $14,729 102 67% $13,501 $1,622 Tokens $494 $206 239 81% $520 ($26) Meterhoods $4,669 $1,576 29626% $3,633 $1,036 OperatingTrensfers $21,294 $21,294 10000% $7,147 $14,147 Blue Light $42,100 ($42,100) Miscellaneous revenues $300 - $12,276 ($11,976) Interest $6,774 $27,526 2461°/ $17,297 ($10,523) TOTAL ---------- - $393,804 ----------------- $420,550 ---------------- 93 fi4% --------- $398,026 ---------------..__ ($4,222) Rewsed 2003 2003 % 2002 2003-2002 Expenditures Activdy Budget Expended Actlvity DlNerence Parking Svcs Personnel $104,019 $100,260 103 75°/ $91,661 $12,358 Parking Svcs Non-personnel $70,999 $89,922 78 9s°/ $64,725 $6,874 DUHMD Personnel $63,677 $73,688 86 41% $66,497 ($2,820) DUHMD Non-personnel $31,232 $25,780 121 15% $50,789 ($19,557) Cost Allocahon/Benefit fund $17,253 $19,403 88 92°/ $77,501 ($248) Economic Vitahty - Marketmg $27,355 $54,794 49 92% $23,910 $3,444 Economic Vitahry - 8us Plan $19,600 $50,000 39 20 % $0 $19,600 Eco-Pass Prog $450 $600 75 00°/a $0 $450 Capital Replacement Reserve $9,000 ---------------'-- - $9,000 -----'-----'-- 100 00 % -----'-"----- - $44,000 ------------°----'- ($35,000) '-----'-'--------- TOTAL $343,584 $423,447 81 14% $358,484 ($14,899)