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January 2017 Revenue

February 6, 2017

At the second City Council meeting each month, our Finance Director delivers a written and verbal recount of the City's financial status. These are the preliminary revenue figures for January 2017 (which is actually December's revenue collected in the month of January).

January 2017 Sales Tax Revenue:

With the limited duration sales tax increase:

$2,899,298.24
-185,652.94
$2,713,645.30
Sales Tax collected
Rebates (economic development incentives)
Net Sales Tax

Without the limited duration sales tax increase:

$2,200,386.29
-162,188.61
$2,038,197.68
Sales Tax collected
Rebates (economic development incentives)
Net Sales Tax

 

January 2016 (with the sales tax increase):

$2,674,965.79
-183,121.10
$2,491,844.69
Sales Tax collected
Rebates (economic development incentives)
Net Sales Tax

January 2016 (without the sales tax increase)

$2,020,054.90
-160,109.51
$1,859,945.39
Sales Tax collected
Rebates (economic development incentives)
Net Sales Tax

There was a 8.39% increase in gross tax receipts totaling $224,332.45. Excluding the limited duration sales tax collected, there was a 8.93% increase in gross tax receipts totaling $180,331.39.

There was a 8.90% increase in net taxes of $221,800.61. Without the sales tax increase, we reflect a 9.58% increase in net taxes of $178,252.29.

This month, the sales tax increase generated an additional $698,911.95. A check in this amount was cut and deposited into the debt service reserve account on February 3, 2017. Thus far, the sales tax increase has generated an additional $33,033,633.46 and in that same time period, the City of Prattville has paid $33,170,508.27 toward our debt service.

The Lodging Fee Revenue for the month was $18,910.50.

If you have any questions about any of these figures, please do not hesitate to contact our Finance Director Daniel Oakley at .

Character Trait for February

IACC Eagle LogoTolerance
Realizing that everyone is at varying levels of character development.

Click the trait to see this month's Character newsletter (and a list of previous editions). For a list of all traits, or to view past newsletters, please visit the Prattville-Autauga Character Coalition website. To subscribe, please use our E-newsletter subscriber feature and be sure to "check" Character Coalition when completing the brief form.

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