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To: Mayor and City Council Members

From: Tommy Gonzalez, City Manager

Date: October 14, 2011

Subject: Internal Operations Update

Following is a synopsis of the materials in this weeks internal operations packet. Backup materials are

provided for each item unless otherwise noted.

Tommy Gonzalez Out of Office

I will be in Austin on Tuesday, October 18. Bradley Perrier will be acting city manager during my

absence.

GOAL 8 Sound Governance

October 2011 Sales Tax Receipts:

October sales tax receipts, which are based on August sales, were well above prior year

collections. Collections were $3,727,653, an increase of $354,463 or 10.5% from the previousyear. Compared to budget, tax receipts are up by $2,156,413 or 5.37%. November collections

will be the last month of sales tax revenues for FY 2010-11.

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To: Tommy Gonzalez, City ManagerFrom: Bret W. Starr, Budget Administrator

Date: October 14, 2011

Subject: October 2011 Sales Tax Collections

October sales tax receipts, which are based on August sales, were well above prior year collections.

As shown in the chart below, collections were $3,727,653, an increase of $354,463 or 10.5% fromthe previous year. Collections to date are $2,931,212 over the prior year, a 7.44% increase. This

increase is the result of a very strong Christmas season which was followed by five months of

collections comparable to the prior year and significant increases for the last three months. The

annual projected revenue is approximately $4.4 million below peak revenues of $50.6 million in

2008.

2010-11Actual

2009-10Actual

DifferenceAmount

Monthly% YTD %

SALES TAX

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2010-11

Actual

2009-10

Actual

Difference

Amount Monthly % YTD %

2010-11 Adopted

Budget

Difference

Amount Monthly % YTD %

2010-11

Estimate

Difference

Amount Monthly % YTD %

SALES TAX

December 3,489,130 3,185,160 303,971 9.54% 9.54% 3,400,717 88,413 2.60% 2.60% 3,400,717 88,413 2.60% 2.60%January 3,095,466 2 ,856,481 238,986 8.37% 8.99% 3,260,705 (165,239) -5.07% -1.15% 3,260,705 (165,239) -5.07% -1.15%February 5,789,727 4 ,836,073 953,654 19.72% 13.76% 4,810,248 979,479 20.36% 7.87% 4,810,248 979,479 20.36% 7.87%

Quarterly total 12,374,324 10,877,714 1,496,610 13.76% 11,471,670 902,654 7.87% 11,471,670 902,654 7.87%March 3,403,659 3,438,624 (34,965) -1.02% 10.21% 3,334,621 69,038 2.07% 6.56% 3,334,621 69,038 2.07% 6.56%April 2,981,582 2,746,700 234,882 8.55% 9.94% 3,078,507 (96,925) -3.15% 4.89% 3,078,507 (96,925) -3.15% 4.89%May 4,812,127 4,836,615 (24,488) -0.51% 7.64% 4,409,760 402,366 9.12% 5.73% 4,409,760 402,366 9.12% 5.73%

Quarterly total 11,197,368 11,021,939 175,429 1.59% 10,822,888 374,479 3.46% 10,822,888 374,479 3.46%

June 3,296,633 3,241,061 55,572 1.71% 6.87% 3,343,085 (46,451) -1.39% 4.80% 3,343,085 (46,451) -1.39% 4.80%July 3,287,810 3,266,836 20,974 0.64% 6.16% 3,390,106 (102,296) -3.02% 3.89% 3,390,106 (102,296) -3.02% 3.89%August 4,979,722 4,501,667 478,055 10.62% 6.77% 4,530,810 448,912 9.91% 4.70% 4,530,810 448,912 9.91% 4.70%

Quarterly total 11,564,165 11,009,564 554,601 5.04% 11,264,000 300,164 2.66% 11,264,000 300,164 2.66%

September 3,482,766 3 ,132,656 350,110 11.18% 7.15% 3,306,156 176,610 5.34% 4.76% 3,306,156 176,610 5.34% 4.76%October 3,727,653 3,373,189 354,463 10.51% 7.44% 3,325,147 402,506 12.10% 5.37% 3,325,147 402,506 12.10% 5.37%November 0 4,482,333 0 0.00% 0.00% 4,425,139 0 0.00% 0.00% 4,425,139 0 0.00% 0.00%

Quarterly total 7,210,418 10,988,178 704,573 0.00% 11,056,441 579,116 0.00% 11,056,441 579,116 0.00%

Total Sales Tax 42,346,274 43,897,395 2,931,212 0.00% 44,615,000 2,156,413 0.00% 44,615,000 2,156,413 0.00%

LIQUOR TAXQuarter Ended

December 160,815 221,762 (60,947) -27.48% -27.48% 161,193 (378) -0.23% -0.23% 161,193 (378) -0.23% -0.23%March 162,681 189,844 (27,163) -14.31% -21.41% 185,473 (22,792) -12.29% -6.68% 185,473 (22,792) -12.29% -6.68%June 180,974 160,137 20,838 13.01% -11.77% 192,200 (11,226) -5.84% -6.38% 192,200 (11,226) -5.84% -6.38%September 0 130,606 0 0.00% 0.00% 175,865 0 0.00% 0.00% 175,865 0 0.00% 0.00%

Total Liquor Tax 504,471 702,349 (67,272) 0.00% 714,732 (34,396) 0.00% 714,732 (34,396) 0.00%

Total Sales &

Liquor Tax 42,850,745 44,599,744 2,863,940 0.00% 0 45,329,732 2,122,017 0.00% 0 45,329,732 2,122,017 0.00% 0

Current over Latest Estimate

City of Irving

Sales Tax Revenue

10-11 Actual Compared to Prior Year, Adopted Budget and Adjusted Budget

Current Over Prior Year Current over Adopted Budget

Actual amounts are shown "net" of payment to Comptroller for prior overpayments

Prepared by Shannon Phillips, Budget Coordinator