August monthly report

Page 11

Use Tax Use Taxes are taxes levied upon individuals using, storing, or consuming tangible personal property within the city limits. Three types of Use Taxes are collected: automobile, building, and general. All three Use Taxes are distributed to the Public Safety Fund, Quality of Life Fund, General Fund, and Keep Greeley Moving Fund.

$2,000,000

Year to date General Use Tax revenues are up 23% over 2015. The General Fund share of use taxes are anticipated to exceed budget projections.

$1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000

$200,000 $0

2015 YTD

2016 YTD

2015 Actual

2016 Budget

Public Safety Bonds

$40,895

$50,333

$75,374

$73,988

Quality of Life

$76,678

$94,375

$141,327

$138,728

$0

$199,321

$0

$269,230

$766,784

$943,749

$1,413,267

$1,387,283

Keep Greeley Moving General Fund

Auto Use Tax The year to date General Fund share of Auto Use Tax revenues are down 4.4% as compared to 2015. Auto Use revenues, excluding “Keep Greeley Moving,� are 72% of the $2,353,630 budget or $1,713,441. It is anticipated that Auto Use tax will meet and potentially exceed budget by as much as $330,000.

$4,000,000 $3,500,000

$3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000

$0

2015 YTD

2016 YTD

2015 Actual

2016 Budget

Public Safety Bonds

$95,549

$91,384

$161,177

$125,527

Quality of Life

$179,155

$171,344

$302,208

$235,363

Keep Greeley Moving

General Fund

11

$0

$371,246

$0

$456,769

$1,791,552

$1,713,441

$3,022,077

$2,353,630


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