Sales & Use Tax Revenue Report March 2008 City of Boulder
Sales & Use Tax Revenue Report
March 2008
Issued May 16, 2008
This report provides information and analysis related to sales and use tax collections for fiscal year 2008.
Results are for actual sales activity through the month of March, the tax on which is received by the city
in the subsequent month. Any questions should be directed to Bob Eichem, Finance Director at (303)
441-1819.
For 2008, the city's sales/use tax rate returned to 3.41 % from 3.56%. Percentage changes in this report
are calculated in two ways. The first illustrates the actual change in revenue (which included a voter
approved one-year increase in rate from 3.41 % to 3.56`% to fund the Fire 'training Center in 2007). The
second and more important calculation is adjusted to illustrate the change in underlying sales activity
which is the change upon which the 2008 city budget was predicated at the new lower, 3.41 % sales/use
tax rate. This adjusted amount is shown in the column titled "Change in Comparable Collections." The
following tables compare year-to-date 200$ collections to the comparable period in 2007.
REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR
Table 1 lists the categories of sales and use tax collected by the City of Boulder. It illustrates the percent
change in the various areas for 2008 over the same time period in 2007.
TABLE 1
MARCH YTD COMPARISONS - 2008 VERSUS 2007
lncrease/(Decrease
AC'T'UAL CHANGE CHANGE IN COMPAItAI3LN % Oi'
"TAX CATEGORY IN REVENUE COLLECTIONS TOTAL
Sales Tax 4.36% 0.15% 79.15%
Business/Consumer Use Tax 38.07% 44.14% 11.67%
Construction Use `fax 89.37% 97.70% 6.92%
Motor Vehicle Use Tax 9.96`% b.00% 2.50%
Refunds 18.98`% 24.21 % 0.23%
Total Sales & Use Tax 2.63% 7.15% 100.00%
Retail Sales Tax -Even with continuing concern related to consumer related spending in a slowing
economy, retail sales for the first three months of the year remained fairly strong, with the exception of
Food Stores and Automotive Trade. Although the Computer Related Business retail category was down,
it was actually positive when use tax was combined with the retail numbers. March retail was the
weakest oi' the first three months of the year, which, for clothing sales, could be at least partially
attributed to weather. According to Financial Week, "(Easter)...landed on March 23 this year---two
weeks earlier than a year ago---and it came during a cold, damp month when many consumers were still
wearing winter coats, sweaters, and boots. That gave shoppers an easy excuse to delay purchases of
sandals, short-sleeved shirts and Easter dresses."
Food Stores is the city's largest single retail category and, given recent inflation in food prices, the
decline in this category is somewhat unexpected. Therefore, we will be closely tracking trends in this
area as the year progresses. As stated in the recent study session, even though March was weaker than
January and February, one month results in any category are not necessarily an indication of a trend. We
will be closely tracking trends in all areas as the year progresses. At this time, we continue to feel the
projections in 2008 for retail sales tax are still reasonable.
Business/Consumer Use 'l'ax -Although this category tends to be volatile in nature and the short-tcrtn
results do not necessarily reflect trends, it is encouraging to note relatively large payments from several
large employers.
Construction Use Tax -March year-to-date Construction Use "1'ax revenue is up by 97.70% from the
same period in 2007. Phis category is very volatile and these results are not necessarily a predictor for the
future. Even after adjusting out several large residential condominium projects that could be considered
"one-time" in nature, this tax category increased by 51.63% from relatively tow activity in 2007.
Total Sales and Use 1'ax -Without adjusting for one-time revenue, the "Change in Comparable
Collections" column in Table 1 shows a total increase in Sales and Use Tax revenue of 7.15%. This
increase is what we compare to our projections of 3.89% for 2008.
After adjusting for one-time Construction Use Tax revenue, the total 2008 year-to-date increase in Sales
and LJse Tax revenue is 5.42`%.
Significant increases /decreases by tax category are summarized in Table 2:
TABLE 2
YTD RETAIL SALES TAX
Chan a in Com arable Collections
STRENGTHS: WEAKNESSES:
¦ Eating Places up by 10.47% hood Stores down by 5.74%
• Apparel Stores up by 4.37% Automotive 'Trade down by 12.b7%
• Home Furnishings up by 1.19% Consumer Electronics down by 1 ].24%
¦ General Retail up by 6A6% Computer Related Business down by 27.29%
¦ Downtown up by 2.77% (combined sales and use tax in this category up by
¦ 1111GID up by 2. l3% 7.72%)
¦ lJniversity of Colorado up by 8.54% 13VRC (excluding 29`'' Street) down by 6.34%
¦ 'Twenty Ninth Street up by 34.68% "The Meadows down by 3.20%
¦ T'ablc Mesa up by 7.12%
• Gunbarrcl Industrial up by 56.42%
• Gunbarrel Commercial up by 4.33%
• Pearl Street Mall up by 4.68%
¦ Yublic Utilities u b 2.79%
YTD USE TAX
Chan a in Com arable Collections
STRF.1\C~THS: WEAKNESSES:
• Computer Related Business Use Tax is up by Motor Vehicle Use Tax down by 6.00%
94.99% (combined sales and use tax in this category
up by 7.72%}
• Construction Use Tax up by 6.92% (up by 51.63%
after adjusting to exclude large condo unit projects
that may be considered one-time type projects)
OTHER TAXES
• Accommodations Tax is up by 7.52%.
• Admissions Tax is up by 69.68%.
PROJECTIONS FOR THE FUTURE'
On the national level, there appears to be little question whether the country is in a recession or not. The
questions now seem to be how deep and how long. The directive of the local economy is less clear.
On this subject, excerpts from Richard Wobbekind's article in the April 11 - 24 edition of the Boadder
County Business Report follow:
¦ ...the Boulder Valley economy has been vibrant in the past year. The county unemployment
level remains well below the state rate, and the county has one of the lowest per capita
foreclosure rates in the state.
¦ ...the Boulder Leading Economic Indicator projects that the Boulder Valley economy will
continue to edge forward in second quarter 2008. It moved upward from 111.8 in third quarter
2007 to 114.2 in fourth quarter 2UU7. This suggests that the local economy will experience
continued growth during the upcoming quarter at a time that the nation is experiencing stabrnant
growth or recession.
• Given the precarious state of the current economy, it is encouraging to read headlines...that
Convco Phillips will open arenewable-energy research and training facility in Louisville,
Renewable Energy Systems Americas plans to relocate from Austin to Broomfield, and Covidien
(previously Valley Labs/Tyco) is planning a major expansion at its Gunbarrel location.
¦ Solid retail sales are likely to continue given the wide variety of shopping alternatives in the
Boulder Valley.
• Until the housing market becomes more settled, consumers express greater confidence in the
economy, the credit crunch subsides, and the Fed demonstrated it can keep inflation in check, the
only thing for certain is that greater than normal volatility will continue, particularly in the
financial and real estate markets.
¦ Overall, the expansion of the Bottlder Valley economy will continue to hinge on what happens
nationally and abroad.
The Boulder Retail Real Estate lJpdate in the May 5 issue of the Boulder County Business Report
includes the following:
¦ The retail category of commercial real cstate....vacancy rates dipped below 6% in the fourth
quarter of last year. "That is, in practical terms, full occupancy.
Given that the Boulder Valley economy is ultimately tied in many ways to the national economy, the
following April 1 I information from Bloomberg.com must be considered when estimating retail
performance:
(On a national level)...confidence among U.S. consumers sank to a 26-year low in April as the
labor market continued to deteriorate and gasoline prices rose.
• Consumer spending, which accounts for more than two-thirds of the economy, will rise at an
average annual pace of 0.5`% in the first half of the year.
The 2008, Quarter 2 Business Leadejs Confidence Index is more optimistic regarding the Colorado
economy:
• Only 10% of the panelists express optimism about the national economy during the second
quarter, while about I7% expected no change. Almost 73% foresee a declining national economy
in the short teen.
• Panelists are more optimistic regarding the Colorado economy. Almost 19% anticipate the state
economy will perform better in the second quarter, while nearly 33% think the economy will
remain unchanged. About 48% of respondents believe the state economy will perform worse in
the near term.
¦ Although we are in the midst of a slowdown, the Colorado economy has an unemployment rate of
4.4%, below both the natural rate of unemployment (4.5 to 5.0%) and the U.S. rate of 4.8%. In
addition, Colorado has continued to add jobs during January and February, albeit at a slower
pace.
¦ Boulder County has benefited from the recovery in the advanced technology sectors.
The May 13 issue of the Colorado Economic C:hrnnicle published by the Legislative Council Staff of the
Colorado General Assembly states:
¦ Although there are signs of slowing in Colorado's economy, it continues to outpace the nation.
Although the state's economy will continue to slow in 2008, it appears better positioned to
weather the negative factors weighing on the economy than the nation as a whole due to
Colorado's increasingly diverse economy, booming energy industry, educated workforce, and
relatively high per capita income.
¦ Because consumer spending represents about 70% of economic activity, there is the potential for
a slowdown in the state's economy to be worsened and prolonged due to the negative effect of
higher food and energy prices, lower home values, and tighter credit conditions. Consumer
spending in Colorado has been remarkably resilient considering these negative factors, likely due
to the state's continued job and personal income growth.
• However, there are signs that consumers have begun to be overpowered by the negative factors
and a sluggish job market. The persistence of the negative factors weighing on consumers,
coupled with a weakening of personal income in 2008 given an expected slowdown in hiring, will
cause consumer spending and sales tax revenue to be sluggish in ZU08 and into 2009. However,
it is important to note that sales tax revenue should experience a temporary boost this summer as
households receive their economic stimulus payments from the federal government.
This report will be updated and will be available on approximately the tenth business day of each month.
nl,\RCn \"rn Aemul
:\chtisl Chan~„c in
Chan{;c in Actual Chan>;c Comparnbic
Total NM Sales/Usc'1'ax Receipts by'1'ax CateKory' 2007 ?008 1}otter; in Pcrc@ntat;e Collectiuns - ;~o of"total
Sales 'fax I?,051,389 16,308,455 -7-1_',91 1 -9 36"6 -0.1>",0 79.11°~0
Business Ilse 7'ax 1,740,908 2,403,b?;9 662,781 38.0?°i'o 44.14% I I.G7•%
Construction Use Tax 752,954 1,425,847 672,893 89.37% 97.70"/0 6.92'%
Motor vehicle 571,926 514,976 -56,950 -9.96% -6.00'% 2.50%
Rcfimds -40,304 -47 951 -7,648 18.98°/, 24.21'% -0.23%:
"fatal Sales :utd l;sc'hax 20.07(1,873 20,6(15,1115 528,142 2.63°io 7.151; 100.00%:
hTAR('H 1 1~1) :1'ctitsl
C:hwr;c in
tnkr Comparable
Total Net Sales/Csc Tax Receipts by Induslry'I'ype 2(1115 _,:~agc (-olicrtions ",Siuf'fotul
f=ood StOrCS •?,7bi 131 ~.499.0(i2 -2G5,06~) -959'% -5.61'1'6 12.1.1°,~
L-ating Places 2,39(1,957 2,576,496 179,540 7A9% 12.22; 12.50%
Appare; Stores 580,357 575,714 -4,643 -0.80% 3.SG% 2.79%
Home Pumishings 654,996 631,902 -23,094 -3.53"/° 0.72% 3.07%
General Retail 4,036,356 4,197,752 16,,395 4.OU% 8.5`1% 20.37%
"transportation/Utilities 2,124,214 2,103,189 -21,025 -0.99% 3.37% 10.21%
Automotive Trade 1,495,614 1,287,670 -207,944 -13.90% -10.12% 6.25%
Building Material-Retail 613,300 611,94% -1,353 -0.22"/0 4.17"/0 2.97%
ConstntctionlJseTax 915,135 1,106,189 141,054 20.88% 26.19% 5.37"/0
Construction Sales Tax 105,216 84,503 (20,713) -19.119"/o -16.15% 0.41%
ConsumcrL'icctronics 630,110 551,884 -78,226 -12.41% -8.SG% 2.68%
Computer Related Business Scc±or 1,164,281 1,421,1,38 257,358 22.10% 27 +8% 11.90'%
AllOthcr 2,636,509 3,005,020 368,511 1398`% 18.99°/; 14.58%
Refunds -40,304 -47,951 -7,648 18.98'% 24.21 % -0.23°i6
'total Sales and Use Tax 20.076,873 20,605,015 528,142 2.63% 7.15'% 100.00%
;11~~RC'H Y'hn Actual
:actual Change in
Change in Actual Chan;,e Cun+p:u•uble
Total Net Sales/Use'1'ax Receipts by Geographic Area 2007 21108 pnllars in Percentage- Collections °.~o of Total
North Broadway 272,279 2"/2,845 SG6 0.21"/:: -1.(129% 1.72oio
Downtown 1,327,908 1,451,234 123,327 9.29'% 14.09°% 7.04%
Dot+mtowm Extension 1 t 8,515 1 17,825 -690 -0.58 % 3.79'/0 0.57%
UHGID (the "hill") 276,468 271,815 -4,653 -L68% 2.64% 1.32%
East Downtown 191,528 177,170 -14,358 -7.50% -3.43% 0.86%
N.28ihSt.Commcrcial 1,185,563 1,136,!35 -49,428 -4.17% 0.05% 5.51%
N. Broadway Annex 97,451 126,043 28,592 29.34%, 35.03% 0.61%
UnivcrsityofColorado 284,997 288,860 3,863 1.36% 5.81"/0 1.40%
Basemar 305,548 523,771 218,222 71.42% 78.96% 2.54%
BVRC-Boulder Valley Regional Center 4,248,520 3,816,719 -431,801 -10.16% -6.21"/0 18.52%
29th Street 1,051,357 1,356,775 305,419 29.05"/0 34.73°/" 6.58%
Table Mesa 540,926 554,182 13,256 2.45% 6.96'% 2.69%
The Meadows 290,950 265,040 -25,910 -8.91% -4.90% 1.29%
All OtherBouldcr 1,442,157 1,022,847 -419,310 -29.08% -2596% 4.96%
BouldcrCouniy 226,749 298,957 72,209 31.85% 37.64% 1-45%
Metro Denver 857,183 819,550 -37,633 -439% -0.18% 3.98'%
Colorado All Other 33,240 40,115 6,875 20.66% 25.99% 0.19%
Out of State 2,003,971 1,927,704 -76,267 -3.81 % 0.43% 9.36%
Airport 2,294 2,789 495 21.60% 2695'% O.UI%
Gunbarrellndustrial 729,511 1,459,545 730,034 IW.07% 108.87% 7.08%
Gunbarrei Commercial 239,314 239,042 -272 -0.11% 4.28% 1.16%
Pcari Strcct Mall 485,303 482,194 -3,109 -0.64% 3.73"/° 2-34%
Boulder Industrial 1,914,793 1,615,831 -298,962 -15.61% -l 1.90% 7.84%
Unlicensed Receipts -62,878 394,924 457,802 -728.08% -755.70% 1.92%
County Clerk 571,926 514,976 -SG,950 -9.96"/ -6.00% 2.50%
Public Utilities 1,481,607 1,476,080 -5,526 -(137'% 4.01% 7.16'%
Refunds •40,304 -47,951 -7,648 18.98 % 24.21 % -0.23"10
'total Sales and lJse "1'as 20,076,873 20,605,015 528,142 2.63`%5 ?.15 % 100.00°
tiiah('i(1'I'U :~~tua[ '
ns Revenue °,'o Chanl;c in
'~7iscellaneous'I'ax Statistics 2007 2008 Change Revenue
'IbralFoodScrvice'1ax 106,115 119/175 11,161 12,599;, 1259':6
Aeccmmodations Tax 58?,717 631,935 d 1,216 7.52',;, 7.52`%i.
Admissions Tax 73,819 125,254 51,435 69.68% 69.68%
License Pecs 6,925 6,950 25 0.36% 0.36%
Trash Tax 27,178 336,828 309,650 1139.34% 1139.34%
'(`~z by Mo &atcgory
70TAC CITY SALES AND USE TAX COLLECTIONS 1
~rhan gc in
REVENUE CATEGORY YFJ1A JAN FEB MAR APR MAY JUN JUL AUG SFP OCT NOY OEC TOTAL Taxah' Gals
RETAIL SALES TAX 20_1 4,957 52x' x.189 252 52x1 37J s35.E37 c 62a,2~ 6. ~90.Ua0 •t 463.6951 4,840 590' AEB,S13. 4 792A76~ e,5tb65~, 6,822.307
~ 62 E69.6»9
2,L'2 a -,9 7c7 3 9_03 954 a 95A 202 S44,S9^ 4 Fi82,370 5 663,454 4 .5. 1 11 4 '7c sr~, 5 570. 9 4.'66 9c°, t.3' S-542' 6.272.80A 1 5'
; 2c ' ^7 r ~r"
2003 38?23:4 _ 3874,955 S S5 ~ 6 t093.Cb8 4.26<,729 S2_3Z '3'6~ a'6/6PO~ 4e63,942 '77 r2AA 213 <,7c692t 5.940_'75}I- -548/:.49,3
Retn Chg 3.26%>3 47%_ _ 2004 I 4 39r 1361 c.+70 467 S 327 OS' 4339,594 x61 055 5 340.550 4 333,14A 1 144 6S Sa2.8 ~ 4 450 731 ~ 4,515 629
5,607.03F,I 58,229.844 t <5`,4
RaW 3 4+ % 20^:5 4 255 4 ~ < 453.3%0 2 69 353 ..26 4 576,664 5 535,796, 4,494.079 5,013,3791 5.550,316 4,54 7,7901 a 769.70 6.932.929
59.IUA 640 2 54°.L
__2006 ~ c7342r9 4645.436r-o 37x53 x659 t5A 4.A82.3,_ 6.'29.363. 4.737773 0.23/,757 6,156. 56j 4,950.30.5_ 43878<7' 7_8916t8~ 63,949,448 _
770%
RateChg3.41%>3.56% ~7 '1007 LS 78313 504615 6 1A,77~ _732.049 5500,767 bY2.Ar~ 5,565,37'.1 6.393,028 6,954.37) 5.747.%3 5.695Jg3~ 841464',
73.'64-y06 959`k
Rate C,hg3 S6%>3 d1% 2008 S y74 ,j5~0 9 6.0.;5.546 _ 1-- 16.308.455 76.73'/.
Cnange lrar~prio-Year (Monts) 6.01';5' E; :Bf:~ 937% --0000°,6 '~C0.00% •10000% -100.u0%1 -100 00%_•700.06_/_; -+0000?'.;I _~t0000°k -700005>--_-----_
Cha~;efror.prio•vear(YTD} G.Ot->;~ b'sh -O tS% -2325% 3850% •5050% -57.40%^-F;327% -68.06°'°~ 77 7% -7371°6~ 7673'ro
- < . _1 ' ~ ~ -
T I'--
COHSUMERUSETAX 20tl+ 1,165.937' 999'231 1)7',8361 008629 889.'31 x27.678 t; ;'-687 975.272 955.683 1.415769_ /487481 '090.5561 '3,259.454
_
2002 776462~~---~65.s76 '195.!!001 783.956' x97.237 1091,779 AUa.gyy 677,088 648,455 767,543 s2A 5261 7.'53.2961_9,527,576 71.39„
2003 798,757'1 5t T.55g 836.3981 A77.962 786.2861 9s7 tA5 65E,799 879,764 974.869 635.455 7L45,6321 7,052.566 9,903,632 287°:.
RateC+g326%>3 a7% 2004 9E02291 565.018 499.453'. 742692 72y614 86E.974 8:0.874 922.401 9x1,990 728.634 750.97t~ 1'8-,%76 '0.275,625
: 39%
Rate3 et% 2005 827,887 507,036 957085; 1,Ct E,674 1.103.592 tA0?,04?~ 854.%20 788,465 7.097.030 758,937 968,4671 1,246,300 1,730.760
A-9S%
2006 _686.686 517,?Ot 7,271.ta6r_-577.144 464.5_29 781.362 895,403 776.2581 7,054,6961 727.778 ?_092.224 1.287.157 ;0,63?782 -•;a3';:
Rata Cfg3a1%>3.56% 2007 ~ 7036501 574.
q6 975.'79 ~I 722.658 733.796 856,072 975.456 652.5011 923.667 732.53 776.377' 1.575.908 70203 W2~ -873%
_ -Y _ _ - _
ka:eChg3.56%N3.45% 2006 91A U344I 991,472 1,709,1601 1 _ - - I 291A f651 ~7C 14%
- - _Y 1 - - I --"1~ -7 ~ : a i---- ° -t ~t~00°/, ..._10000%1. _ -
Cha~ge from tlr;or ea NgnLh) 1 7 a1 I 80 33% 18 74161 OU.CO~, nn o~; - 00 O--O!° OO.OU°/ 00 ^0 % I .700 r -
Changofroma4oryear(YTD) 183 rot 4'22% 3?.7S% U_S' 91.°, 34 -45.61% 51.28% -S7.SSk -6148% -64.68% 7 4: I
- 1 - - ~ ~
C_ON_STRU_C_TION USE TAX 2007 97,49Fii 337,3761 172.69'1 7/t '98,t2s 787.243 227,;09 317033 4774x6 3'9.0831 '94.57!' 766.293 2.94'.8501
7v02 2,a-0101 _ 565.51911 ZEZ,392 4•x9557_ 275.384 7.781,606 745.374 197.745 ---758.413 ?67213 767457 3fK,ir65. 4,•7_'.7731 x7.8
2003 704.4491 121.SES1 138.5591 23E 246_ 4t~75E 675.308 720,x:3 259.946 239,337 761.4131 292.983: 38E,757;~~-3,258.b53 -2194%
Ra:e Chg3.26%>3.a7. 7: ~ 2004 ~ 2:0.3831336.7x8] 387,487] 490.426 229!:6 '91,732 204.851 155,408 212.299 '19.283 23845 --253A6J)
3^aA:918 0GU ;5
Ra:o 3.47% J 2605 I 9;2,585 7S2_Sav.{~~287.6G51 46+.,87A 456,073 9.3.757 +6G ecA 235,308, 282,503 276.247 286.104, 51a.975y_5.597.684~
8359°h
- 20E ~ 9/ r, s3 3tt~ 420.749 214 J9.6 ao72,i - --774p2 352,533 2G1A091 - 3437x9 559.9751 a7C 948 _ 7,018.272 5,30: G9U- 528°;e
RaeChg347%>3..56% 2007 293 78 Sala6~l 772,016 293 C6' 62,c13 a3o,2U1 '.19,425 259.226 421_376 286.524 37F 978 253.5901 4,874 755(
-.302%
R a.eChg35b°6>34'°io 2008 .i.iO UAC 34J 2191 _ 748,569 _ ~ - - 1,t'15,Pe7~ -69.08:4
y 5. 0- 1 0 1 -Oro 100.00°k QO.CO W 00'% 700 W/ I t' U
' _ -
t;. n75 onplcr c r( 1~nth', 1-:"• 37.70% t23";f 1a 75s [4 ~J 3.1° -5778% •618 I -6t.4Z%1 •673667 -690A ~
C •r ye yr ~ c,_ y dr VI:J' I 7 5 I I
( 7 _
_ V °1
TOTAL FOR_M_ONTN b CHANGE FROM PREVIOUS YEAR (MONTH b YT
2007 6.3495/ Sr ~a,~ 5.97,903 57'5,416 „9"5+~ ,P~ir49Ut 57r 2,387 6.+27,295.7,315.647' 6.ti26.32A 5.467,9091 _8,079 ~S6 78A77,753'.
- -2002 S.r 6027G~ 5.^354491 6,534394 5.11','33 I 7,8'0.7 F,9 77524.3% 9.37°,a
_L_. - ~ ~,354,991I 7,936.b3 _ 854931 5,594,739 6.'76.977 5,103,725 5.711.937 -
2003 4,774,9201 4,574,099 6,030053 x,209277 5.466.771 0.870.4'! ~ 7.f;3 ~ 5.743.10' 6..26,188 5,085,587 5.585.538 7,380.E97 6_8.031,774
-4 AA%
Rale Chg 3.26%>3.a7% 2004 5.58A.74di 5.1%;.633 6.67`3.9971 5.572.7 t2 5475.085 E.38926t 53786531 5,627,1661 0.597.093 ''298.647 5,508.059 _ 8,066.8991
77.x94 448 0<7%
Ra1c3.41% 2005 5s9S5:3 5.772.946 6.471,370• 5.837514 6.136.52_91 7149,447 5,545.207, 6.U37.t52~ 6.927,4x9 5.576,974 6.026,2711 8.5962_:.4 7.6,435,545
69c%
2006 -S,E78,t98 5,493.878 1.235.t4Et 5,530,695- 6.184096 !.685.745 S.9F:S./091 6,275,424; 7,554,500 6,238056 5,897,0300 70,197:0-'c-~
79 588,528 a S2°m
- - - -
=.a a Cig 3 4 %>3 56°6 2007 E,175.0811 5,936.481 A 005.615 6.147'65 E.ASS 31 t A,,°Ct ;70 7,F.E0252~ 7,304,75< 8.299.420 6,766,951 6.788,9_9
10.240 487' 88,782,732 5 73%
n7 793..0 ;">3.47% 2008 6,3<5.5'.3 6,443,8_00 7.863.55<' 0 0' 0 O 0 0 0 01 20.657967 -7555%
2001 2,98t 7E.930 10,47x L---- y ~ - _
- 27.560 _ --.0761 •447, 34A5 -8.226 3.279 •5.182 0~ -5839' ~+5?780
-
Less RcS;ndS 2002 •7,754 -230 •73.'36 _ U •3739 •735931 -527 -10.2221 -121,204 -27,8% 1,5481 -'A U6S1 -?97,215
~ 3 - _
Liss Rc!ends 2003 •34,330 A,827 -7,0781 3a,79A -71,7721 •7E.3281 -422 •596 -69,164 3,779 579 -x5599 -424.272
- _ 2004 -7,343 -70,505 -638 872 5.963 •7511 -7,29y -4,6x3 -244 •27.318 -SJ58 •4.330 ~6306t
2005 -246 -66,0x4 -909' -2.666 -'.647 •10,0801r- -3.062 4.207 -846 •1,586 0 -4.757 •96,051
2006 -40,302 •5272 22761 •363 -5099 01 _-0 •7,568 •E06 _ -5,947 ~4C6 -16.773 -705,2% _
_ _ 1 2007 0 -39,297 -2,073 -729 -9,326 -14,5471 -i4 440 •677 0 -5.963 0 v.C75191.007
'•essRefunds 2006 -91x1 0 -ass7a t I I -x7.951
AdjUStedtOtai 2007 6.371,9761 5.640,926, E,17'429 5,6x7550 5,910,439 7.804,454 5.698,8951 6,779,0691 73:2,3621 6521.1461 5.461.909 S.cJ:i.31J 7A.Y3,373
2002 5468 0621 S.U35 T.9 __6,52'.259 5771.+33' 5.391.752 7,922.AA6 .`,.394,967' _5.583.9 7~ 6.255,773 5.081.828 5.7703831 7.800.105 77327,787 _
_-9.38%
_ 2_003 4 Je C.S91 4.505,272 6,023,0151 5.074 aJ9 0 42c 9gy 6 797.082 5.044 4751 5,7<2.505 6 2a7,Cr3 5,061,E:2 5.584.959 7-334,2981 67
6U/,SC2 •5 2'
Ra:c C•~y326 m>3 at i; 2004 5.583,406 5.'E7,128 6.673.3571 5571.840 5,x09.72/ EJ89,t:01
5,347.554 5,612,47 1 669E,8t9 5271.329 5.502,301 acs?5691 7'431.3861 1.01%
Ra:e3ai% 1 2005 5.995,266 S.W6,902 fia70.4371 S.A2A.852 6.731-882 7,439,367 5.542)451 0',632.945 6,926,603 5,575.388 6.026277 8.69'4.;5]
7"0.340,x93 6.87%
2006 I 5.577,896 5.488.606 7,2?2.3AE~ 5.530.333' 6,170998 7,685,745 5.985.709 6,767 x56 7.553,694 6.232.110 5.890.624 'O.t x0.173 79,783,631
457%
h '.e Cng3ti%>3.56% 2007 ~ 8'75,05" 5898,1P" 8,003.602; 6.t47.C39 6.845,984 7.986,5721 7.645.8721 7,~C4.077 8.299,420 6,760,988 6.788.999 10.235.%7
88.091.731 5.76%
_ 2008 6.3bi C I f: 443 EOC 7 87E.680
( ) _ _ _ . 0 0 0 ----0 0~ --0 ~ - - 0 0 20.505.015_ -755A"•5
44. Cha e_morrn ~ ~ Jh .a 06%~ t9G%J -10000% 70.00% -10000k •10000% •70000% •700,00% •100.00% •'.OO GO°E -+00.007°
,y Charco (l'fCi- --I 72655: is SE';~' /iS"i, '797-, 3<.95L -a76'i:,l -55 Ail. -6i4 -6655%1 -6973°6 -'72319.) -JS 58%i '
USE x SALES
CUMPARI50N 0[' YEAR-TO•DATF. ACTUAL REVENUE FOR "1'HF, YEAR 2008 TO COMPARABLE PERIOD IN 2007
The sales tax rate decreased fiom 3.56% in 2007 to 3.41 % in 2008
USE'IAX 13]' CA'I'ECORY' tiALE,S'1':]X BY CA'hN;CORY
~'lA}€C}f Y'I'U Ac(i;.il YlA[tCH 1'l I) 4chtiil
Cl:au~.:c ih Cltutr<c in
.dual hank. Coatpar'rbic C'Itaugc itt Comp,trnL~fe
?.008: nt D lars Ci~llecticuts Standard Industrial Code Prrcentuge C:yllcaiims
19,224 20,852 I,G28 8.47% 13.24'% Food Stores Z,7ga,J07 2~378,21U ~ -Z6G,69? -9.72'i~ -5.74%,
24,170 65,701 41,531 171.83% 183.79`%, Eating Places 2,372,787 2,510,796 13k,009 5.82% 10.47%
15,362 10,855 -4,507 -29.34% -26.23`>o Apparel Stores 564,995 564,859 -136 -0.02% 4.37%
5,503 2,395 -3,107 -56.47% -54.56% ]lone Furnishings 649,493 629,506 -19,987 -3.08% 1.19%
225,805 311,838 8C>,033 38.10% 44.18`% GeneralKctail 3,810,552 3,885,914 75,362 1.98% 6.46%
57,832 68,849 11,018 19.05% 24.29% ]'ransportation/Utilities 2,066,383 2,034,340 -32,043 -1.55% 2.78%
579,829 521,621 -58,208 -10.04% -6.08% Automotive'1'rade 915,785 766:049 -149,737 -16.35% -12.67%
4,329 4,403 74 1.71% 6.1 J% Building Material-Rc(ail 008,971 607,544 -1,427 -0.23% 4.15%
915,135 1,106,189 191,054 20.88% 26.19% Construction Use Tax 0 0 0 na na
0 0 0 na na Constnrction Sales Tax 105,216 84,503 -2U,713 -19.69% -16.15%
14,529 28,531 14,002 96.37% 1D5.00% Consumer Electronics 615,581 523,353 -92,228 -14.98% -11.24%
$21,437 973,904 452,467 80,.77% 94.99% Computer Related Basiness Ei42,k~43 447,734 -195,110 -30.35% -27.29%
6k2,(i34 1,229,373 546,739 80.09`% 88.01°/u All Other 1,953,875 1.775.647 -]78.228 -9.12% -5.12%
3,065,788 4,344,512 1,278,724 41.71°/ 47.94`%, 'T'otal Sales and Gse Tax 17,051,3k9 1(1,3118,455 -742,934 -4.36°/ -O.IS%,
CSL' 'I'AA 13Y CATEGORY SAI:I?S'fAX B]' CA'1'F:GOR]'
_Actual 4'h;utge
~~ru,_, C:IisnLe in C'uutparal%''.e
-ir;,g Geographic Code _ :..i., Percentage
2(1,kDk 15,402 -5,406 -2598°/ -22.72% North Broadway 251,4'/1 257,442 5,972 2.37r~ 6.85°
83,295 226,071 142,775 171.41"/:, ]83.35% Dowrttawn 1,244,613 1,225,164 -19,449 -1.SG°/ 2.77%
1,273 3,146 1,874 141.23%~ 158.10`% Downtown Extension 117,242 114,678 -2,564 -2.19% 2.12%
2,426 3,739 1,313 54.14% 60.92% UHCi1D (the "hill") 274,042 268,076 -5,966 -2.18% 2.13%
27,160 25,492 -1,668 -6.14% -201% East Downtown 164,368 151,678 -12,690 -7J2% -3.66%
14,461 16,171 1,710 11.82% 16.74°/ N. 28th St. Commercial 1,171,102 1,119,964 -51,!38 -4.37% -O.1G%
16,092 39,663 23,571 146.48% 157.32`% N. Broadway Annex 81,359 86,380 5,021 6.17% 10.84%
12,502 5,562 -6,940 -55.51% -53.55% University of Colorado 272,495 283,298 10,803 3.96% 8.54%
3,301 218,113 214,813 6508.49% 6799.:9% 13ascmar 302,248 305,657 3,410 1.13% 5.58%
125,650 117,812 -7,837 -6.24% -2.11% BVRC 4,122,871 3,698,907 -423,964 -10.28% -6.34°'0
22,072 7.8,961 6,889 31.21% 36.98% 29thStrcct 1,029,285 1,327,k15 298,530 29.00% 34.68%
35,674 35,738 64 0.18% 4.58% 'fable Mcsa 50$,252 518,444 13,192 2.61% 7.12%
7,646 2,36! -5,285 -69.12% -67.76% The Meadows 283,303 262,678 -20;625 -7.28% -3.20`%
736,743 521,852 -214,891 -29.17% -'26.05% All Other Boulder 705,414 500,995 -204,420 -28.98% -25.85%
52,757 109,073 Sfi,316 106.74% 115.84% Boulder County 173,991 189,884 15,893 9.! 3% 13.94%
96,483 74,443 -22,040 -22.84% -19.45% Metro Denver 760,700 745,107 -15,593 -2.05% 2.26%
3,963 20,482 16,519 416.77% 439.50% Colorado Ail Other 29,276 19,633 -9,644 -32.94% -29.99%
125,992 103,820 -22,173 -17.60% -13.97% OutoCState 1,x77,979 1,823,885 -54,094 -2.8$% 1.39%
956 44 -912 na -95.16% Airport 1,338 2,745 1,407 na 114.20%
589,807 1,250,225 660,418 111.97% 121.30% GunbarrelIndustriai 139,704 209,320 69,616 49.83% 56.42%
676 563 -113 -16.69% -13.02% Gunbarrel Commercial 238,639 238,479 -159 -0.07% 4.33%
7,266 2,850 -4,416 -60.78% -59.05% Pearl Street Mall 478,037 479,344 1,307 0.27% 4.68%
606,391 607,480 1,089 0.18% 4.59% Boulderlndustrial 1,308,401 1,008,351 -300,050 -22.93% -19.54%
-129,503 353,591 483,094 -373.04% -385.05% Unlicensed Receipts 66,625 41,333 -25,292 -37.96% -35.23%
571,926 514,976 -56,950 -9.96%, -6.00% County Clerk U D D YDIV/0! r.a
29,9'/2 4(,882 16,911 56.42°/u 63.3D% Publici!lilities 1.451,635 1,429,198 -7.2.437 -1.55°/ 2.79'/
3,00>5,788 4,344,512 !,278,724 41.71`%; 47.94% lbtal Sales and Use "Tat 17,051,389 16,308,455 -742,935 -4.36% -0.'.5%
Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Classification
Food Eating Apparel Home Gen. GRAND
Stores Places Stares Furnish. Merchandise Trans rt. Construction All Others TOTAL
2006 sales tax rate of 3.41
Janua 4.180 41,175 7,910 2,689 61,593 - 140 517 118.204
Februa 4.523 44,058 4,366 4.219 19.937 - 560 2,376 80,038
March 4,839 40,391 8,703 2,527 18.893 - 196 931 76.480
A rig 5.585 46.504 8.981 2.893 17,848 83 411 515 82,819
Ma 4.992 42,276 2,189 3.037 15,650 - 73 536 68,753
.June 4.385 43.270 7,789 2,434 14.208 - 57 693 72.838
Jul 4,685 32.442 2.844 2,544 13.288 - 307 403 56,513
Au ust 5.174 50.341 4.154 3,159 48,686 - 128 1,915 113.558
Sep:ember 5,633 54.904 18,079 3,043 64,971 - 133 1,122 147,885
October 5.631 53,626 7.661 2,665 19,292 - 2.764 625 92,264
November 1,055 37,321 7,546 1,885 12,900 - 68 503 61,277
December 5,829 39,604 6.305 1.950 14.633 25 25 4.154 72,525
2006 TOTAL 56,511 525,911 86,527 33,045 321,897 108 4,862 14,291 1,043,152
2007 sales tax rate of 3.56%
Janua 5,070 38,253 2,529 2.435 71,486 - 137 500 120,409
Februa 3,444 45,205 5,847 2.691 21,230 - 125 580 79.121
March 5,033 49.358 3,615 2.453 13.925 - 1,540 1,014 76.937
April 5,367 56.577 3,464 2,432 15.248 - 223 664 83.974
Ma 4,860 55,175 4,977 2.740 22,313 - 2,727 549 93.341
June 4,022 38.202 7,741 2,181 19,124 - 413 750 72.432
Ju! 4.116 40,299 3,080 2,666 16,507 - 828 459 67,956
Au ust 5.995 49,453 6,184 2,967 53.148 - - 819 118.567
Se tember 5,335 67.692 12,033 2,765 65,483 - 223 1,206 154,737
October 5,050 64,566 6,323 2.374 22.031 - 53 695 101.093
November 3,947 44.038 5,665 2.531 14,338 - 7 571 71.097
December 4.013 39.792 10,684 2.687 18.340 10 281 4,895 80.703
2007 TOTAL 56,250 588,610 72,142 30,921 353.173 10 6,557 12,704 1,120,367
2008 sales tax rate of 3.41%
Janua 3,577 39.152 2,763 2,294 64.734 - 441 ~ 612 113.572
Februa 4,775 53,887 2,618 1,443 18,938 - 14 302 81,976
March 4.884 47,980 4,036 1,755 16,345 - 45 1,224 76.268
April - _ _ _ _ _ _ _
Ma - - - - - - - - -
June - - - - - - _ _ _
Jul - - - - _ _ _ _ _
August - - - - _ _ _ _ _
September - _ _ _ _ _ _ _ _
October - - - - _ _ _ _ _
November - _ _ _ _ _ - _ _
December - - - - - - _ _ _
2008 TOTAL 13,236 141,018 9,417 5,492 100,017 - 500 2,137 271,815
Change from 2005-2006 -3.27% 6.47% -12.25% 14.38% 11.77% -90.07% -46.99% -23.84% 4.64%
Change from 2006-2007 -4.66% 7.21%~ -20.14% -10.37% 5.09% -90.99% 29.17% -14.85% 2.88%
Change from 2007-2008 -2.30% 6.18°/ -21.47% -27.54% -6.21% #DIV/0! -72.25% 2.06% -1.68%
Change from previous year month -2.96% -2.79% 11.65% -28.46% 17.38°0 #DIV/0! -97.09% 20.70% -0.87%
NOTES: Percentage change calculations for 2007 have been adjusted to eliminate the impact of the increase in the sales/use tax rate.
S:\CMO\DUHMDPS\dmc\BUDGET DJIUHGID djlUHGtDS1C
Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification
Food Eating Apparel Home Gen. GRAND
Stores Places Stores Furnish. Merchandise Transport. All Others TOTAL
2006 sales tax rate of 3.41%
January 4.180 41,171 7,910 2,689 61.591 - 517 118,058
Februa 4,523 44,052 4,366 4,219 19.901 - 2,376 79.436
March 4,839 40.390 8,703 2.527 18.847 - 637 75.944
A ril 5.585 46,490 8.981 2,893 17.832 83 515 82.378
Ma 4,992 42.244 2.189 3,037 15.640 - 536 68.638
June 4.385 43.266 7,789 2,434 14,194 - 416 72,485
Jul 4.685 32.424 2,844 2,544 13,268 - 403 56,168
Au ust 5.174 46.480 4,154 3,159 48.380 - 1.915 109.263
Se tember 5,633 54,904 18,079 3.043 64.946 - 811 147.416
October 5,631 53,620 7,661 2.665 19.269 625 89.472
November 1,055 36,443 7,546 1.885 12.$89 - 503 60.321
December 5.829 39,595 6.305 1.950 14,623 25 3,870 72,197
2006 TOTAL 56.511 521,081 86,527 33,045 321.380 108 13,125 1.031.776
2007 (sales tax rate of 3.56
Janua 5,070 38,248 2,529 2,435 %1,465 - 500 120.247
Februa 3,444 45,102 5,847 2,691 21.020 - 580 78.684
March 5,033 49,355 3,615 2.453 13,901 - 755 75,112
A ril 5,367 51,864 3,464 2,432 15.224 - 664 79.016
Ma 4.860 55,169 4,977 2.740 22,308 - 549 90,603
June 4.022 38,202 7.721 2,181 18,417 - 521 71.063
Jul 4,116 40.280 3.080 2,666 16.495 - 459 67.097
Au ust 5,995 49.449 6,184 2.967 53,142 - 819 118.556
Se tember 5,335 63.349 12.033 2,765 65,479 - 937 149.898
October 5,050 64,566 6,323 2,374 22.026 - 695 101,034
Noverber 3,947 44,038 5.665 2.531 14,331 - 571 71,082
December 4,013 39.790 10,684 2.687 18.339 10 4,173 79,696
2007 TOTAL 56,250 579,412 72,123 30.921 352,147 10 11,224 1,102,088
2008 sales tax rate of 3.41%
Janua 3.577 39,152 2.763 2.294 64,727 - 612 113,123
Februa 4.775 53.885 2,618 1,443 18.935 - 302 81,957
March 4.884 44,974 4,036 1.755 16.330 - 1.Oi7 72.996
A ril - _ _ _ _ _ _ _
June - - _ _ _ _ _ _
Jul _ _ _ _ _ _ _
Au ust - - _ _ _ _ _ _
Se tember _ _ _ _ _ _ _ _
October - - _ _ _ _ _ _
November _ _ _ _ _ _ _ _
December - _ _ _ _ _ _ _
2008 TOTAL 13,236 138,011 9,417 5,492 99,992 - 1,930 268,076
Change from 2005-2006 2.09% 6.15% -12.25% 14.38'/0 11.78% -90.07% -25.65% 5.28%
Change from 2006-2007 -4.66% 6.51% -20.16% -10.37°10 4.96% -90.99% -18.09% 2.31%
Change from 2007-2008 -2.30% 4.00% -21.47% -27.54% -6.01% #DIV/0! 5.18% -2.18%
Change from previous year month -2.96% -8.88% 11.65% -28.46% 17.48% #DIV/0! 34.65% -2.82%
S:\CMO\DUHMDPS\dmc18UDGET DJIUHGID dI~UHGIDSIC
NOTES: Percentage change calculations for 2007 have been adjusted to eliminate the impact of the increase in the sales/use tax rate.
UHGID Yearly Summary City Wido Yoorly Summary
Sales and Uso Tax Breakdown 6y Industry Catogory UHGID Sales and Use Tax as a Percent of Total City Wide Sales and Use lax
Food Eating Apparel Home Genoral Eating Apparol Home Genoral
Stores Places Stores Furnisfiings March All Other Total Food StOfeS Places Stores Furnishings March All Other Total
Mar 2008 513.236 5141,018 59,417 $5,492 $.00,017 52,637 5271.815 Mar 2008 S 2,499,062 $ 2,576 496 $ 575,714 S 1.183,786 S 4,'97,752 S 9.572,232
$ 20,605,042
5% 52 % 3% 2% 37% 1 % 100% 1% 5% 2% 0 % 2.% 0% 1.3%
2007 $56.250 5588.610 572,142 $30,921 $353,173 519,270 51.120,367 2007 $11,205,584 $10,888,135 5 2.804,311 $ 5.522,090 518,040.152 $39,637,459
$ 88,091,731
5°k 53% 6% 3% 32% 2% 100% 1% 5% 3% 1°h 2% 0% 1.3%
2006 $56,511 5525.911 $86,527 $33,045 5321.897 $19,261 51,043,152 2006 $10,392.069 $ 9.582.212 $ 2,424,694 $ 4,611.056 $15,402,540 S 37,371.060
S 79.783,631
5% 50% 8°k 3°/a 31% 2% 100% 1% 5"/0 4% 1% 2% 0% 1.3%
2005 $58,421 $493,955 598.605 $28,891 5288.004 $29,024 $996,900 2005 $10,046,723 $ 8,995,846 $ 2,362,366 5 4,465.788 514,587,419 $ 35,882,350
$ 76,340,492
fi% 50% 10°k 3% 29% 3% 700% 1% 5°/ 4% 1% 2% 0% 1.3%
2004 $47,446 $461,253 587,695 525,958 $301,938 5124,607 $1,048,897 2004 $10,148,861 $8,637,718 $2,232,147 53,118,312 514,123,007 532,171,342
570,431,387
5% 44% 8% 2% 29% 12% 100°/ 0% 5% 4% 1°k 2% 0% 1.5%
2003 $43,618 $417,782 $94,036 535,450 5304,099 546.965 $941,951 2003 $9,052,658 57,847,285 $2,046,951 $3,922,549 $13,185,423 531,552,637
$67,607,503
5% 44% 10% 4% 32°k 5% 100 % 0 % 5% 5% 1 % 2% 0% ' .4 %
2002 $42.268 5407,606 $89,454 534,104 5313,795 541,419 5928,646 2002 59,294.397 58,133,237 $2,346,305 $4,164.992 $13,572,651 $33,815,600
57!,327,182
5% 44% 10% 4°k 34% 4°k l OC % 0% 5% 4% 1 % 2% 0% 1.3
2001 $41,988 5394,142 5103,513 $35,111 5318,763 S26,961 5920.478 2001 59,312,676 $8.384,190 52,646,021 $4,537,712 $15,553,807 $38,279,526
578,713.332
5% 43°h 11% 4% 35% 3% 100% 0% 5% 4% 1% 2% 0% 1 Z%
2000 $34,841 $378,042 $99,206 $39.066 $366,669 517,242 5935.066 2000 59,080,970 $8.484,601 53,159,262 $5,915,794 $17,887,211 $36,269,737
$80,797,515
4% 40% 11% 4% 39% 2% 100% 0°k 4°k 3% 1°k 2 % 0% 1.2
1999 $38,414 $345,800 $92,878 $46.325 $345,546 S5,309 5874,272 1999 59,207,721 $7,790,648 $3.359,914 $5,553.219 $17,008,884 $33,893,706
576.814,092
4% 4C% 11% 5% 4D% 1% 100% 0°h 4% 3°k 1% 2% 0% 1.1°h
1998 $33,781 $350,299 5126,670 $40,532 $306,191 $12,898 5870,371 1998 58.932.097 $7,469,094 $3,252,729 53,570,448 515,736,140 $30,637.104
$69,597,612
4% 40% 15% 5% 35°h 1% 100% 0°h 5°h 4% 1°k 2°h 0% 13'/0
1997 537,537 $323,775 $126,465 $39,846 $316,999 59.035 5853,057 1997 $7,739,779 $6,797,237 $2,781,018 53,129,089 515,439,169 $28,494,047
$60,380,339
4% 38% 15% 5% 37% 1°k 100% 0% 5% S% 1°h 2% 0°/ 1.3%
1996 533,742 $342,802 S145,274 $74,088 $317,743 515,788 $929,431 1996 $7,611,055 56,614,567 $2,782,149 52,862,572 515,111,950 526,975,579
$61,9:>7,866
4 % 37 % 16% 8% 34% 2% 100%o C % 5% S% 3 % 2 % 0 % 1.5%
S:\CMO1D'JHMDPSWmc18l.'DGET DJ\UHGID dj\UHGIDSIC
UHGID Sales Tax Revenues {NO use tax)
2000 2001 2002 2003 2004 2005 2006 2007 2008
January 83,022 96,846 100,032 99,422 98,853 118,058 120,247 113,123
February 65,046 56,994 63,769 64,521 72,140 79,436 78,684 81,957
March 64,537 68,740 69,760 72,985 72,060 75,944 75,112 72,996
April 60,826 68,547 62,055 66,129 74,662 82,378 79,016
May 61,329 56,306 62,078 65,583 61,131 68,638 90,603
June 92,013 76,086 69,726 73,693 69,085 72,486 71,063
July 59,675 63,058 48,079 53,263 65,768 56,168 67,097
August 88,127 87,167 125,801 124,050 144,466 109,263 118,556
September 123,121 129,966 104,739 108,698 99,702 147,416 149,898
October 66,451 73,867 81,351 82,562 93,865 89,472 101,034
November 60,396 58,271 67,097 64,189 65,915 60,321 71,082
December 86,683 71,034 74,835 72,674 62,359 72,197 79,696
Totals 920,684 911,224 906,884 929,322 947,770 980,005 1,031,777 1,102,088 268,076
Tax Rate 3.26 3.26 3.26 3.26 3.41 3.41 3.41 3.56 3.41
1 UHGID Sales Tax Revenues
160,000 - - - -
140,000 -
120,000 + 2001
2002
100,000 2003
80,000 ~ ~ 2004
2005
60,000 - ~ - - 2006
+ 2007
40,000
2008
20,000
0- ~ ~ ~ ~ ~ ,
~`~a~ ~~~~r PQ~\ ,J~~ ~J~~PJ~JS'~ ~~~~Oo'`o~e
~~~~~co~~~ec
F ~eQ ~o
S:\CMOIDUHMDPS\dmc\BUDGET DJ\UHGID dj\UHGIDSIC