Okaloosa County BOCC — Sep 9, 2013 — Aug-Report-FY 12-13 — reading text

Okaloosa County Florida Tourist Development Tax August 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 Aug 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% $1,118,890.32 1.52% 0.11% July $593,200.98 $1,099,882.80 $1,102,020.72 0.19% $1,159,058.66 5.18% 1.41% August $302,546.20 $490,081.96 $568,563.58 16.01% $635,505.22 11.77% 2.63% 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% $4,969,921.74 Total (5%) collections $1,588,763.04 Page 1  2 % Monthly Collections Comparison Aug 2013 1,159.1 1,118.9 1,102.2 1,102.0 $1,200 FY FY 2012 2003 $900 Thousands 635.5 568.6 518.8 505.8 $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 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 Aug 2013 Gross Exempt Taxable Tax Collection Collection Remitted Clerk Sales Sales Rental Collected Penalty Interest Adjustments Allowance Less $1,200 Amount Allowance Condo $23,936,516.31 $475,887.31 $23,460,629.00 $1,173,061.14 $917.91 $8.16 ($445.19) $159.47 $2,070.00 $1,171,182.87 $34,369.17 Motel $6,368,110.54 $401,882.39 $5,966,228.15 $298,315.87 $0.00 $0.00 $0.00 $57.75 $840.00 $297,418.11 $8,922.58 RV/Other $105,083.17 $6,904.50 $98,178.67 $4,908.93 $50.00 $0.00 $0.00 $16.62 $60.00 $4,882.32 $146.46 Individual $2,334,937.57 $17,078.64 $2,316,358.93 $115,817.95 $1,018.21 $172.02 ($47.03) $1,443.93 $330.00 $115,279.74 $3,458.47 Total $32,744,647.59 $901,752.84 $31,841,394.75 $1,592,103.90 $1,986.12 $180.18 ($492.22) $1,677.77 $3,300.00 $1,588,763.04 $46,896.68 Page 3  Gross Sales Compared to Sales Aug 2013 January 2007 23.9 23.5 $15.0 Millions 6.4 6.0 2.3 2.3 0.1 0.1 $0.0 Condo Motel Recreational Vehicle/Other Individual Gross Taxable Gross Taxable Exempt from Amount Amount Taxes Condo $23,936,516.31 $23,460,629.00 $475,887.31 Motel $6,368,110.54 $5,966,228.15 $401,882.39 Recreational Vehicle/Other $105,083.17 $98,178.67 $6,904.50 Individual $2,334,937.57 $2,316,358.93 $17,078.64 Total $32,744,647.59 $31,841,394.75 $901,752.84 Page 4  Tax Due Compared to Remitted Amount Aug 2013 January 2007 1,173.1 1,171.2 $1,200 Thousands $600 298.3 297.4 115.8 115.3 0 4.9 4.9 $0 Condominium Motel Recreational Vehicle/Other Individual Due Remitted 5% Remitted Type Amount Due Amount Adjustments Condominium $1,173,061.14 $1,171,182.87 ($445.19) Motel $298,315.87 $297,418.11 $0.00 Recreational Vehicle/Other $4,908.93 $4,882.32 $0.00 Individual $115,817.95 $115,279.74 ($47.03) Total $1,592,103.90 $1,588,763.04 ($492.22) Page 5  Percentage for Taxable Rental by Type and Location Aug 2013 January 2007 Taxable Rental by Type Taxable Rental by Location Individual 7.27%