Monthly Snapshot Financial Management Report March 2012 March Sales Tax, Use Tax, and Lodgers Tax Collections March sales tax collections showed an in

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12 Monthly Snapshot Financial Management Report March 2012 March Sales Tax, Use Tax, and Lodgers Tax Collections March sales tax collections showed an increase over Collections were up 6.7% over March These collections represent sales in February. Inside this issue: Sales, Use, and Lodgers Tax 1 Use tax collections were up 251.3% over collections in March Sales tax is budgeted to increase 2% over 2011 budgeted amounts. Lodgers tax increased 12.2% over March Lodger's tax revenue is significantly affected by the changes in the national and local economy. General Fund Sales 2 Tax Sales Tax Analysis 3 Lodger's Tax 4 General Fund 5-6 City Wide Revenues 7 City Wide Sales, Use and Lodger's Tax At A Glance March % Sales Tax Budget 2012 $18,246,691 Actual 2011 $18,162,241 Actual March 2012 $ 1,235,352 March as a % of 6.77% Actual March 2011 $ 1,158,201 Change from prior year 6.7% 3% Use Tax $835,000 $834,967 $154, % $ 44, % 2% Lodger's Tax $ 743,000 $ 722,042 $ 27, % $ 23, % Expenditures City Wide Graphs 9 3% Sales Tax Collection Capital Projects 10 $2,500,000 $2,000,000 $1,500,000 $1,000, % Sales Tax % Sa les Tax 2010 $500,000 $- 3% Sales Tax (' 4c)71 )+ 3% Sa les Tax 2012

13 Page 2 Monthly Snapshot General Fund Sales Tax Collections November September July _ May Ma rch January $- $500,000 $1,000,000 $1,500, % Change January February March April May June July August $ 1,328, , , , , ,244 1,127,313 1,104,192 $ 1,218, , , , , ,668 1,162,567 1,117,224 $ 1,292, , , , , ,244 1,188,505 1,154,428 $1,343, % 815, % 823, % September 1,066,678 1,063,145 1,115,608 October 1,115,541 1, ,171,877 November 951, , ,760 December 796, , ,637 Total $11,859,433 $11,613,778 $12,056,926 $2,982,926

14 Page 3 Monthly Snapshot Sales Tax Collections by SIC Code SIC Code Sales Tax Collections for Month ending March 31, 2012 By SIC Code Description March % of Total Year to Date % of Total Construction $ 1,655 0% $ 24,800 1% Utilities & Telecom 108,400 9% 333,857 7% Hardware & Lumber 77,106 6% 279,615 Grocery & Drug 236,109 19% 833,694 Department Stores 234,872 19% 833,882 Outlet Stores 5,558 0% 24,488 Furniture & Appliances 12,811 1% 39,571 Restaurants & Taverns 185,185 15% 564,084 Liqour Sales 41,568 3% 139,841 3% Sporting Goods 35,284 3% 120,335 3% Gifts & Galleries 28,268 2% 147,622 3% Misc Retail 85,468 7% 387,220 9% Hotels & Motels 47,724 4% 155,924 3% Professional Services 15,881 1% 79,798 2% Equipment Sales, Leases 23,149 2% 126,255 Automotive 65,483 5% 234,086 Amusement 6,041 0% 24,415 Other 16,592 1% 83,777 Unknown % 33,078 $1,233,925 $4,466,342 Totals do not include dollars paid as a result of penalties and interest on delinquent sales tax. Percentages may be affected by rounding. Sales Tax Collections for Month ending March 31, 2012 By Area Central Business District 450,782 37% $1,563,555 35% North Durango 148,023 12% 535,694 12% South Durango 448,392 36% 1,530,408 34% Other Durango Out of Town 79, ,489 $1,233,925 6% 278,857 9% $4,466,342 6% 12% Sales Tax Collections by Area 107,490 for Current Month I Central Business District I North Durango South Durango I Other Durango Out of Town

15 Page 4 Monthly Snapshot Lodgers Tax Collections $140,000 $120,000 Lodger's Tax Comparison History $100,000 $80,000 $60, $40,000.A $20, $- -e;(' <<'Z' \' Q-C,z,.-> e, 0 x) e,.c sc42' '012' sc,;(c' oc, (., \-\0 c7l % Change January February March April May June July August September October November December $ 35,049 28,610 34,726 34,445 31,606 65,729 93, , ,703 98,767 55,279 23,676 $ 31,320 22,867 23,863 32,674 28,744 61, , , ,435 96,607 52,799 23,131 $ 33,013 23,589 24,233 33,955 33,037 63,840 95, , , ,922 56,009 25,291 $ 37,801 22,631 27, % -4.1% 12.2% Total $ 723,491 $ 704,120 $ 717,255 $ 87,632

16 Page 5 Monthly Snapshot General Fund Revenues REVENUE Current YTD Actual 2012 Bud et % of Bud et Taxes Property Tax Specific Ownership Tax Sales Tax Use Tax County Sales Distribution Joint Sales Tax Audit Revenue Tobacco Tax Electric Franchise Fee Gas Occupational Tax Telephone Occupational Tax Cable TV Franchise Fee Liqour Occupational Tax PEG Fees Medicinal Marijuana Occ Tax Taxes & Fees Sidewalk Assessments License & Permits Intergovernmental Charges for Services Fines Interest Income Miscellaneous Total Revenue $ 332,820 $ 361,445 8,763 15, ,609 2,982, , , ,456 72, ,449 8,360 81,417 14,000 1, , ,455,096 1,182 43, , ,775 41,143 6,722 27,981 $ 2,106,078 $ 1,199, ,000 12,192, ,000 2,935, , ,000 16, , , ,000 42, ,000 5,247 29, ,000 12,250 40,000 21,000 2,200 4,000 4,433,553 19,483,410 23, , , ,980 2,942, ,718 3,025, , ,000 17, , , ,500 $ 6,377,585 $ 28,560, % 14.9% 24.5% 40.9% 10.1% 24.5% 0.0% 16.9% 25.3% 36.8% 18.1% 0.0% 30.6% 0.0% 55.0% 22.8% 0.0% 26.6% 1638% 25.0% 36.8% 13.7% 18.2% 22.3% 17, ,041_ 757, ,17General Fund Revenues YTD Taxes & Fees Sidewalk Assessments License & Permits 493, 134, 23,610 Intergovernmental Charges for Services Fines Interest Income Miscellaneous 4,433,553

17 Page 6 Monthly Snapshot General Fund Expenditures EXPENDITURES Current YTD Actual 2012 Bud et % of Bud et City Council Boards and Commissions City Manager City Attorney CSPAN 10 Central Business District Natural Lands, Trails and Sustainability City Clerk Human Resources Finance Planning and Community Development General Government Police Communications Center Fire Services Engineering Streets Parks and Recreation Library Community Services Buildings Code Enforcement Non-Departmental $ 9,202 $ ,041 12,090 5,214 10,430 16,351 29,977 21, , , , ,002 94, ,265 36, , , ,474 61,712 39,746 9,886 8,859 87,127 2,062 92,034 36,084 26,034 32,070 53,104 87,997 69, , ,636 1,348,521 1,484, , , , , , , , ,661 34, , ,231 14, , ,161 67, , , , ,263 2,224,135 1,078,623 5,344,868 6,067,462 1,288,803 2,891, ,792 2,614,623 4,774,835 1,923, , , ,982 1,864, % 13.9% 23.3% 17.3% 38.8% 16.0% 24.7% 19.5% 22.2% 25.7% 26.9% 25.2% 24.5% 22.9% 22.2% 24.2% 21.0% 19.8% 26.4% 29.7% 18.5% 23.1% 11.2% $2,031,295 $6,497,966 $28,863, % 117,661_, General Fund Expenditures YTD J237,228 N 34, ,892 General Government Police Communications Center Fire Services '4' 122, ,945 Engineering Streets Parks and Recreation Library Community Services Buildings Code Enforcement Non-Departmental

18 Page 7 Monthly Snapshot Citywide Revenues Revenue General Governmental Combined Statement of Revenues March 2012 Current YTD Revised General Fund $ 2,106,078 $ 6,377,585 Special Revenue Funds 398,220 1,048,744 Debt Service Funds 312, ,368 Internal Service Funds 260,943 1,911,894 Subtotal General Government Operations $ 3.078,030 $ 10,276,591 Capital Projects Funds Capital Projects Fund 253, ,612 POST Fund 121, ,000 Capital Improvements Fund 115, ,338 Airport Construction Fund 111, ,851 Subtotal Capital Projects Funds $ 601,036 $ 1,193,801 Enterprise Funds Water Fund 231, ,383 Parking Fund 91, ,873 Sewer Fund 147, ,565 Airport Fund 162, ,366 Sustainable Services Fund 157, ,582 Public Transit Fund 118, ,791 Subtotal Enterprise Funds $ 909,440 $ 2,286,560 Grand Total Revenues $ 4,588,506 $ 13,756,952 Prior Year Revenue 13,426,341 Increase (-Decrease) From Prior Year 2.5% Month YTD Actual Bud et % of Bud et $ 28,560,255 4,362,943 3,874, % 24.0% 49.3% $ 36,797, % 14,826, % 2,405, % 1,585, % 3,120, % $ 21, % 3,957, % 1,159, % 1,874, % 2,813, % 2,008, % 2,088, % $ 13,900, % $ 72,635, % Special Revenue Funds: Rec/Complex Trails Fund, Road Internal Service Funds: Impact Fee Fund, Durango Tourism Fund, Conservation Trust General Services Fund, CERF Fund, Park Development Fund, Revolving Loan Fund, Storm Fund, Self Insurance Fund, Risk Drainage Fund Manager Fund

19 Page 8 Monthly Snapshot Citywide Expenditures Ex end itures General Governmental General Fund Special Revenue Funds Internal Service Funds Debt Service Funds Combined Statement of Expenditures March 2012 Current YTD Revised % of Month YTD Actual Bud et Bud et $ 2,031,295 $ 6,497, , , ,567 1,225,923 $ 28,863, % 3,065, % 5,524, % Subtotal General Government Operations $ 2,374,740 $ 8,087,998 $ 37,453, % Capital Projects Funds Capital Projects Fund 484, ,636 25,190, % POST Fund 22, ,765 4,488, % Capital Improvements Fund Airport Construction Fund 226, , , ,624 2,941,674 7,194, % 3.0% Subtotal Capital Projects Funds $ 862,257 $ 1,754,278 $ 39,814, % Enterprise Funds Water Fund Parking Fund Sewer Fund Airport Fund Sustainability Fund Public Transit Fund Subtotal Enterprise Funds Grand Total Expenditures Prior Year Expenditure 135,938 64, , ,818 88, ,657 $ 659,090 $ 3,896, , , , , , ,708 $ 2,560,226 $ 12,402,502 11,606,357 4,702,599 1,109,085 2,206,547 3,598,540 2,124,831 2,699,861 $ 16,441,463 $ 93,709, % 20.0% 18.2% 13.2% 21.5% 18.8% 15.6% 13.2% Increase (-Decrease) From Prior Year 6.9% Special Revenue Funds: Rec/Complex Trails Fund, Road Impact Fee Fund, Durango Tourism Fund, Conservation Trust Fund, Park Development Fund, Revolving Loan Fund, Storm Drainage Fund Internal Service Funds: General Services Fund, CERF Fund, Self Insurance Fund, Risk Manager Fund

20 Page 4 Monthly Snapshot YTD Citywide Revenues of 13.8 Million 433, , ,565 \ 257, ,383 YTD Citywide Revenues r 243,791 General Fund Special Revenue Funds Debt Service Funds Internal Service Funds 1,193,801 Capital Projects Funds 938,368 1,048,744 Water Fund Parking Fund Sewer Fund Airport Fund Sustainable Services Fund Public Transit Fund YTD Citywide Expenditures of 12.4 Million 473, , , ,708 YTD Citywide Expenditures General Fund Special Revenue Funds Internal Service Funds Capital Projects Funds 12 Debt Service Funds Water Fund Parking Fund Sewer Fund Airport Fund Sustainability Fund Public Transit Fund

21 Page 10 Monthly Snapshot Capital Projects $500,000+ Project Title 2012 Budget 2012 Expenditures Remaining 2012 Budget Capital Projects Fund Central Business District Improvements $ Nature's 0 To Cundiff Park ART Rebuild $ Carvon Mall Corner $ Memorial Park Trail $ Animas River Greenway Acquisition $ 1,660,289 $ 570,000 $ 1,182,826 $ 556,000 $ 918,574 $ 1,660, ,000 1,031, , ,574 Water Capital Projects Fund ALP Water Storage River Crossing Island Cove ALP to Santa Rita River Crossing $ $ $ 5,400,000 $ 696,000 $ 583,500 $ 5,400, , ,500 Airport Capital Projects Fund Expand Terminal Building Acquire Snowblower/Carrier Vehicle Construct Additional Auto Parking $ $ $ 3,924,890 $ 600,000 $ 750,000 $ 3,924, , ,000 Sustainable Services Capital Projects Fund Recycle Center $ 1, $ 2,375 $ 1,281,750 Parking Capital Projects Fund Electronic Parking Meters $ 575,000 $ $ 575,000 Open Space, Parks and Trails Capital Projects Fund Smart 160 Trail Park Development Open Space Acquisition $ $ $ 1,259,600 $ 1,075,701 $ 1,329,797 $ -$ 182,878 $ 5,000 $ 1,259, ,823 1,324,797 City of Durango 949 E. 2nd Avenue For more information regarding this report contact: Julie Brown, Finance Director or brownjl@ci.durango.co.us