Food Tax Fund Greeley's food tax finances a capital maintenance program for the repair of streets, buildings, parks, and other capital assets. The revenue cannot be used for other governmental purposes. The tax rate is currently 3.46% and 3% of the tax is applied to capital maintenance. The remaining balance is distributed to the Quality of Life and Public Safety Funds (0.30% and 0.16%) as approved by voters in 2002 and 2004. Three months of 2018 food tax collection for the Food Tax Fund totaled $1,876,105 (6.9%) of the budgeted $7,074,449.
Food Tax Fund Overview YTD 2017 Actual Sales Tax on Food Transfer from Designated Revenue Other Total Revenue Capital Projects Total Expenditures Use of Fund Balance
$ $ $ $ $ $ $
1,755,248 13,889 61,962 1,831,099 1,018,732 1,018,732 (812,366)
YTD 2018 Actual $ $ $ $ $ $ $
1,876,105 9,754 98,896 1,984,755 1,702,641 1,702,641 (282,114)
13
% 2018 2018 Revised % of 2018 Change Encumbrances Budget Budget 6.9% -30% 60% 8.4% 67% $ 67% $
2,076,431 2,076,431
$ $ $ $ $ $ $
7,074,449 98,000 603,819 7,776,268 10,460,220 10,460,220 2,683,952
26.5% 10.0% 16.4% 25.5% 36.1% 36.1%