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INFORMATIONAL MEMO <br />Page 6 <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 <br />14 <br />