CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2021
City of Edmond Economic Highlights:
Local Sales and Use Tax City sales and use tax collections are the main source of revenue for the general operations of the City of Edmond. Following are summaries of collections committed to the General Fund by type for the FY 20-21 and year to date (YTD) for FY 21-22. Sales Tax: Sales tax collections for FY 20-21 were up, ending the fiscal year at an overall net increase of 6.61% over the prior year. YTD collections (through November 2021) for FY 21-22 are up from FY 20-21 by 7.40%.
GENERAL SALES TAX COLLECTIONS DATA Year-to-Date Comparison FY 19-20 Actuals
FY 20-21 Actuals
NOVEMBER '20 DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER '21 TOTAL
$2,966,605 $3,198,525 $3,101,447 $2,718,985 $2,812,807 $3,194,367 $3,152,644 $3,104,384 $2,978,302 $3,090,389 $3,154,393 $2,831,629 $36,304,477
$3,297,490 $3,275,486 $3,328,503 $2,850,827 $2,833,415 $3,095,772 $2,939,865 $3,229,310 $3,195,713 $3,229,060 $3,389,629 $3,146,192 $37,811,263
$3,290,003 $3,487,684 $3,359,555 $3,202,314 $2,900,502 $3,655,777 $3,546,565 $3,353,130 $3,460,518 $3,309,487 $3,407,002 $3,336,648 $40,309,186
% Change from previous year
MONTHS
FY 18-19 Actuals
Series1
FY 21-22 Actuals
YTD Change % Change (FY 22) 6.05% ‐0.23% 6.48% 0.93% 12.33% 2.37% 18.09% 20.64% 8.76% 3.92% 9.98% 7.84% 6.64%
$3,646,951 $3,596,078 $3,639,769 $3,674,216 $3,558,086 $18,115,100
Cumulative YTD Change 7.40%
SALES TAX COLLECTIONS 18.09%
20.64%
12.33%
9.98%
8.76%
7.84%
6.48%
6.05%
0.93%
6.64%
3.92%
2.37%
‐0.23% NOVEMBER '20
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER '21
6.05%
‐0.23%
6.48%
0.93%
12.33%
2.37%
18.09%
20.64%
8.76%
3.92%
9.98%
7.84%
6.64%
Months
21
