MEMO Date: November 2021 To: Audit Finance Committee From: Finance OCTOBER CITY‐WIDE TAX REVENUE Real Estate Tax The city collects property tax in the General Fund and the Health, Parks and Recreation Funds. The city receives property taxes in November and therefore the City has no property tax in October. Sales Tax As shown with the red dot on the Sales Tax revenue graph below, October sales tax collections are in line with last year’ collections. SALES TAX REVENUE ‐ GENERAL FUND 002
Annual Sales Tax Revenue General Fund 002 October 31, 2021
2,500,000.00
2,000,000.00 20,000,000 18,000,000 1,500,000.00
16,000,000
6,499,957
17,745,438
6,000,000
500,000.00
17,533,711
8,000,000
16,000,000
10,000,000
15,000,000
12,000,000
1,000,000.00
18,295,167
14,000,000
4,000,000 2,000,000 -
0 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2019-20
2020-21
2021-22