City of Edmond Annual Comprehensive Financial Report 2021

Page 37

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2021

Use Tax: Use tax collections for FY 20-21 were strong, ending the fiscal year at an overall net increase of 24.63% over the prior year. YTD collections (through November 2021) for FY 21-22 are up from FY 20-21 by 14.78%.

Combined Sales and Use Tax: Combined sales and use tax for FY 20-21 ended with total collections of $53,383,974 which was an overall net increase of 10.52% over the prior year. YTD combined collections (through November 2021) for FY 21-22 are up from FY 20-21 by 9.09%.

22


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.