INFORMATIONAL MEMO
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<br />Below is Schedule IV which shows quarterly gambling tax earned in 2016 compared to 2015.
<br />Schedule IV - Gambling Tax (a)
<br />(d) 2016 INCREASE (DECREASE)
<br />Quarter 2015 2016 Allocated YEAR OVER YEAR BUDGET VARIANCE
<br />Earned Actual Actual Budget Amount % Amount %
<br />Q1
<br />$ 698,773
<br />$ 950,379
<br />$ 781,676
<br />$
<br />251,606
<br />36% $
<br />168,703
<br />22%
<br />Q2
<br />679,484
<br />867,047
<br />760,098
<br />187,562
<br />28%
<br />106,948
<br />14%
<br />Q3
<br />677,923
<br />927,316
<br />758,352
<br />249,393
<br />37%
<br />168,964
<br />22%
<br />Q4
<br />743,365
<br />934,269
<br />831,558
<br />190,905
<br />26%
<br />102,711
<br />12%
<br />Totals
<br />$ 2,799,545
<br />$ 3,679,011
<br />$ 3,131,684
<br />$
<br />879,466
<br />31% $
<br />547,327
<br />17%
<br />Gambling tax revenue for 2016 exceeded the budget estimate by over $547K (17 %). Gambling
<br />tax revenue was also nearly $900K (31%) higher than 2015. Casinos within the City continue to
<br />exceed expectations.
<br />Schedule V shows monthly admissions tax receipts for the prior year and current year to date.
<br />Schedule V - Admissions Tax (b)
<br />(d) 2016 INCREASE (DECREASE)
<br />Quarter 2015 2016 Allocated YEAR OVER YEAR BUDGET VARIANCE
<br />Earned Actual Actual Budget Amount % Amount %
<br />Q1
<br />$ 129,245 $
<br />161,269
<br />$ 135,169
<br />$
<br />32,024
<br />25% $
<br />26,100
<br />19%
<br />Q2
<br />171,745
<br />156,588
<br />179,617
<br />(15,157)
<br />-9%
<br />(23,029)
<br />-13%
<br />Q3
<br />159,808
<br />157,862
<br />167,133
<br />(1,946)
<br />-1%
<br />(9,271)
<br />-6%
<br />Q4
<br />166,452
<br />157,821
<br />174,081
<br />8,631)
<br />-5%
<br />16,260
<br />-9%
<br />Totals
<br />$ 627,250 $
<br />633,540
<br />$ 656,000
<br />$
<br />6,290
<br />1% $
<br />(22,460)
<br />-3%
<br />While 2016 admissions tax revenue received was $22K (3 %) less than budgeted projections, the
<br />2016 total revenue was $6K (1 %) higher than 2015.
<br />Schedule VI shows monthly telecommunications utility tax receipts for 2016 compared to 2015.
<br />Schedule VI - Telecommunications Utility Tax (`)
<br />(d) 2016 INCREASE (DECREASE)
<br />Quarter 2015 2016 Allocated YEAR OVER YEAR BUDGET VARIANCE
<br />Earned Actual Actual Budget Amount % Amount %
<br />Q1
<br />$ 317,991
<br />$ 348,156
<br />$ 311,176
<br />$
<br />30,166
<br />9% $
<br />36,980
<br />12%
<br />Q2
<br />349,024
<br />321,852
<br />341,544
<br />(27,172)
<br />-8%
<br />(19,692)
<br />-6%
<br />Q3
<br />327,197
<br />317,156
<br />320,185
<br />(10, 041)
<br />-3%
<br />(3,029)
<br />-1%
<br />Q4
<br />319,135
<br />343,515
<br />312,295
<br />24,379
<br />8%
<br />31,219
<br />10%
<br />Totals
<br />$ 1,313,347
<br />$ 1,330,679
<br />$ 1,285,200
<br />1 $
<br />17,332
<br />1% $
<br />45,479
<br />4%
<br />Telecommunications utility tax ended 2016 at $45K (4 %) higher than budget. In addition, this tax
<br />revenue was $17K (1 %) higher than 2015.
<br />(a) Gambling tax currently includes card games, punch boards, pull tabs, and amusement games.
<br />(b) Excludes golf course admissions tax.
<br />(°) Telecommunications Utility tax currently includes cellular, pager and telephone usage.
<br />(d) Actuals reflected in Schedules IV, V and VI are amounts earned through fourth quarter 2016.
<br />WAFIN Projects\Sales Tax Inform ation1201Hnfo Memo Sales Tax - 2016 -Q4 2016MEMO (Mar 2017).docx
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