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I CASARRUS COUNTY] <br /> NORTH CAROLINA <br /> <br />MEMORANDUM <br /> <br />To: Board of Commissioners <br /> <br /> Blair D. Bennett /~ <br />From: <br /> <br />Date: May 20, 2002 <br />Subject: Local Sales and Use Tax <br /> <br />Quarter Ending <br /> <br />FY 2000/2001 <br /> <br />September $4,844,270 <br />December $5,030,558 <br />March $4,695,850 <br />June $4,900,112 <br />Total for Year $19,470,790 <br /> <br />FY 2001/2002 %Increase <br /> (Decrease) <br />$4,764,390 (1.65) <br />$4,609,922 (8.36) <br />$4,609,601 (1.84) <br /> <br /> Last year through March 2001, we had collected 74.83% in sales tax compared to <br />the total actual collected for the fiscal year. <br /> <br /> This year through March 2002, we have collected 65.96% of the $21,200,000 <br />original budget estimate. We have since, adjusted by budget amendment, the revenue <br />estimate for the fiscal year to $18,851,360, which would reflect 74.18% collected through <br />March 2002. This compares closely to last fiscal year and we should reach our revised <br />budget estimate for the fiscal year. <br /> <br /> Finance Department <br />707 ,. Concord, NC 28026-0707 * (704) 788-8104 <br /> <br /> <br />