Okaloosa County BOCC — Jun 27, 2013 — May-Report-FY 12-13 — reading text

Okaloosa County Florida Tourist Development Tax May Tax Revenue Report Fiscal Year 2012-2013 Don Howard Prepared by Clerk of Circuit Court Patsy Willbanks TD Tax Auditor  2% Tax Revenue Comparison FY 2012-2013 May 2013 FY FY FY % (+/-) FY % (+/-) Cum (+/-) Month 2010 2011 2012 2011-2012 2013 2012-2013 2012-2013 October $208,977.36 $208,664.14 $239,263.06 14.49% $243,636.58 1.83% 1.83% November $84,281.68 $85,578.86 $95,804.36 11.95% $103,842.78 8.39% 3.70% December $94,062.88 $87,168.92 $115,837.94 32.89% $115,399.32 -0.38% 2.66% January $114,386.58 $102,709.90 $118,848.02 15.71% $119,598.16 0.63% 2.23% February $150,589.56 $146,196.00 $175,045.62 19.73% $158,315.82 -9.56% * -0.54% March $290,908.68 $307,516.00 $411,221.10 33.72% $447,446.44 8.81% 2.79% April $311,611.22 $338,990.46 $394,985.04 16.52% $362,385.64 -8.25% -0.02% May $382,012.94 $431,609.94 $518,789.68 20.20% $505,842.80 -2.50% -0.64% June $692,390.26 $916,273.72 $1,102,176.50 20.29% July $593,200.98 $1,099,882.80 $1,102,020.72 0.19% August $302,546.20 $490,081.96 $568,563.58 16.01% September $280,298.58 $411,411.90 $426,859.80 3.75% Total $3,505,266.92 $4,626,084.60 $5,269,415.42 13.91% $2,056,467.54 Total (5%) collections $1,264,606.99 Page 1  2 % Monthly Collections Comparison May 2013 1,102.2 1,102.0 $1,200 FY FY 2012 2003 $900 Thousands 568.6 518.8 505.8 $600 447.4 426.9 411.2 395.0 362.4 243.6 239.3 $300 175.0 158.3 119.6 115.4 118.8 115.8 103.8 95.8 0.0 0.0 0.0 0.0 $0 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Month FY 12 Page 2 FY 13 Page 2  Gross Sales and Total Collections May 2013 Gross Exempt Taxable Tax Collection Collection Remitted Clerk Sales Sales Rental Collected Penalty Interest Adjustments Allowance Less $1,200 Amount Allowance Condo $17,534,845.21 $553,770.38 $16,981,074.83 $849,062.22 $351.14 $378.33 $577.21 $191.60 $2,070.00 $848,137.59 $24,951.71 Motel $6,566,715.09 $428,105.57 $6,138,609.52 $306,933.29 $0.00 $0.00 $140.57 $59.43 $840.00 $306,174.43 $9,185.22 RV/Other $129,543.59 $5,288.00 $124,255.59 $6,212.78 $50.00 $0.00 $0.00 $22.05 $60.00 $6,180.73 $185.44 Individual $2,037,610.31 $15,708.75 $2,017,955.76 $100,897.79 $3,072.44 $1,049.87 $438.44 $1,224.52 $300.00 $104,114.24 $3,123.47 Total $26,268,714.20 $1,002,872.70 $25,261,895.70 $1,263,106.08 $3,473.58 $1,428.20 $1,156.22 $1,497.60 $3,270.00 $1,264,606.99 $37,445.84 Page 3  Gross Sales Compared to Sales May 2013 January 2007 17.5 17.0 $18.0 $12.0 Millions 6.6 6.1 $6.0 2.0 2.0 0.1 0.1 $0.0 Condo Motel Recreational Vehicle/Other Individual Gross Taxable Gross Taxable Exempt from Amount Amount Taxes Condo $17,534,845.21 $16,981,074.83 $553,770.38 Motel $6,566,715.09 $6,138,609.52 $428,105.57 Recreational Vehicle/Other $129,543.59 $124,255.59 $5,288.00 Individual $2,037,610.31 $2,017,955.76 $15,708.75 Total $26,268,714.20 $25,261,895.70 $1,002,872.70 Page 4  Tax Due Compared to Remitted Amount May 2013 January 2007 849.1 848.1 $900 $600 Thousands 306.9 306.2 $300 100.9 104.1 0 6.2 6.2 $0 Condominium Motel Recreational Vehicle/Other Individual Due Remitted 5% Remitted Type Amount Due Amount Adjustments Condominium $849,062.22 $848,137.59 $577.21 Motel $306,933.29 $306,174.43 $140.57 Recreational Vehicle/Other $6,212.78 $6,180.73 $0.00 Individual $100,897.79 $104,114.24 $438.44 Total $1,263,106.08 $1,264,606.99 $1,156.22 Page 5  Percentage for Taxable Rental by Type and Location May 2013 January 2007 Taxable Rental by Type Taxable Rental by Location Individual 7.99% Fort Walton Beach Recreational