Loading...
February 2023 - Monthly Tax Breakdown Comparison  City of Prattville, Alabama  Tax Breakdown Comparison   February 2023    These are the unaudited revenue figures for February (January Sales):      February 2023 (w/ sales tax increase)   Taxes              3,303,227.27  Rebates           ‐94,356.74  Net Tax          3,208,870.53     February 2023 (w/o sales tax increase)  Taxes              2,619,871.19  Rebates           ‐82,932.66  Net Tax          2,536,938.53     February 2022 (w/ sales tax increase)  Taxes              3,020,516.22  Rebates           ‐91,365.24  Net Tax          2,929,150.98     February 2022 (w/o sales tax increase)  Taxes              2,394,737.24  Rebates           ‐81,621.28  Net Tax          2,313,115.96        There was an increase in gross taxes of $282,711.05 or 9.36%.  There was an increase in gross taxes w/o the sales tax increase of $225,133.95 or 9.40%.     There was an increase in net taxes (with the rebates taken out) of $279,719.55 or 9.55%.  There was an increase in net taxes (with the rebates taken out) w/o the sales tax increase of  $223,822.57 or 9.68%.     This month the sales tax increase generated an additional $683,356.08. Check amounts listed below will  be cut and deposited into the following accounts on 03/10/2023:   $68,335.60 – General Fund Reserves (10%)   $153,755.12 – Education Reserves – One Cent (25% of 90%)   $153,755.12 – Infrastructure Reserves – One Cent (25% of 90%)   $153,755.12 – Parks & Recreation Reserves – One Cent (25% of 90%)   $153,755.12 – Public Facilities Reserves – One Cent (25% of 90%)    Lodging Fee Revenue for the month was $45,319.50.          Feb‐23 Adjusted  February 2023 Feb‐22 Adjusted   February 2022 Organic  Difference Actual  Difference 10‐4‐0004‐000 Rental Tax 29,985.46         21,418.19         26,783.80           19,131.29            2,286.90            3,201.66             10‐4‐0004‐001 Rental Automotive 13,710.51         13,710.51         11,411.50           11,411.50            2,299.01            2,299.01             10‐4‐0005‐000 Sales Tax 1,728,852.67    1,234,894.76    1,551,688.26      1,108,348.76      126,546.01        177,164.41         10‐4‐0005‐001 Sales Tax‐Auto 77,359.54         77,359.54         58,899.31           58,899.31            18,460.23          18,460.23           10‐4‐0005‐002 Sales Tax‐Boats & Trailers ‐                      ‐                      ‐                        ‐                         ‐                       ‐                       10‐4‐0005‐003 Sales Tax‐Restaurants 433,864.48       309,903.20       379,167.70         270,834.07         39,069.13          54,696.78           10‐4‐0005‐004 Sales Tax‐Boats(County) 100.15               100.15               26.17                   26.17                   73.98                  73.98                   10‐4‐0005‐006 Sales Tax‐Vehicles 8,205.54            8,205.54           9,971.25              9,971.25              (1,765.71)           (1,765.71)            10‐4‐0005‐007 Use Tax 199,043.67       142,174.05       232,586.67         166,133.34         (23,959.29)        (33,543.00)         10‐4‐0005‐008 Use Tax ‐ Machine 10,987.40         10,987.40         8,492.87              8,492.87              2,494.53            2,494.53             10‐4‐0005‐009 District Tax 128,082.40       128,082.40       78,411.49           78,411.49            49,670.91          49,670.91           10‐4‐0005‐010 Simple Sell/Use Tax 273,502.53       273,502.53       242,705.76         242,705.76         30,796.77          30,796.77           10‐4‐0005‐011 Transportation Network Fee 139.93               139.93               87.38                   87.38                   52.55                  52.55                   10‐4‐0005‐099 Sales Tax Discount (25,529.79)        (25,529.79)        (25,711.41)          (25,711.41)          181.62               181.62                10‐4‐0006‐000 Gasoline Tax‐Local 113,215.13       113,215.13       89,074.05           89,074.05            24,141.08          24,141.08           10‐4‐0007‐000 Whiskey Tax 14,378.59         14,378.59         10,613.66           10,613.66            3,764.93            3,764.93             10‐4‐0008‐000 Beer Tax 16,182.94         16,182.94         20,930.11           20,930.11            (4,747.17)           (4,747.17)            10‐4‐0009‐000 Wine Tax 1,843.83            1,843.83           1,589.78              1,589.78              254.05               254.05                10‐4‐0010‐000 Tobacco Tax 8,528.80            8,528.80           8,092.76              8,092.76              436.04               436.04                10‐4‐0011‐000 Excise Tax Financial Inst 78,365.10         78,365.10         170,026.44         170,026.44         (91,661.34)        (91,661.34)         10‐4‐0012‐000 Lodging Tax 184,790.05       184,790.05       138,372.19         138,372.19         46,417.86          46,417.86           10‐4‐0014‐000 ABC Sales Tax 7,618.34            7,618.34           7,296.48              7,296.48              321.86               321.86                3,303,227.27    2,619,871.19   3,020,516.22      2,394,737.24      225,133.95       282,711.05        9.40% 9.36% Total Rebates 94,356.74         82,932.66         91,365.24           81,621.28            1,311.38            2,991.50             Net Total 3,208,870.53    2,536,938.53   2,929,150.98      2,313,115.96      223,822.57        279,719.55         9.68% 9.55% Feb‐23 Adjusted  February 2023 Feb‐22 Adjusted   February 2022 Organic  Difference Actual  Difference 12‐4‐0012‐001 Lodging Fee 45,319.50         45,319.50         37,996.00           37,996.00            7,323.50            7,323.50             City of Prattville Tax Breakdown Comparison