August 2016 revenue update

Page 1

FY 2017 State General Fund Receipts Final Report: August 2016

Revenue Source

FY 2017

FY 2017

Dollar Change

Percent Change

FY 2016

Dollar Change

Percent Change

Cumulative Estimate

Cumulative Actual

From Estimate

From Estimate

Cumulative Actual

From Prior FY

From Prior FY

Property Tax/Fee: Motor Carrier

$1,350,000

$1,287,313

($62,687)

(4.64) %

Total

$330,000,000 25,000,000 -$355,000,000

$345,873,696 9,448,397 147,459 $355,469,552

$15,873,696 (15,551,603) 147,459 $469,552

4.81 % (62.21) N/A 0.13 %

Excise Taxes: Retail Sales Compensating Use Cigarette Tobacco Products Cereal Malt Beverage Liquor Gallonage Liquor Enforcement Liquor Drink Severance Gas Oil Total

$410,000,000 67,000,000 22,000,000 1,325,000 260,000 3,400,000 12,000,000 1,850,000 6,500,000 2,000,000 4,500,000 $524,335,000

$385,085,684 63,084,214 25,099,004 1,397,656 337,624 3,161,976 12,252,754 1,807,873 6,843,572 1,261,184 5,582,388 $499,070,357

($24,914,316) (3,915,786) 3,099,004 72,656 77,624 (238,024) 252,754 (42,127) 343,572 (738,816) 1,082,388 ($25,264,643)

$880,685,000

$855,827,222

Income Taxes: Individual Corporate Financial Inst.

Subtotal - KDOR Tax Collections Other Taxes: Insurance Premiums Miscellaneous * Total

($6,500,000) 1,290,000 ($5,210,000)

($4,769,101) 1,387,410 ($3,381,691)

($195,091)

(13.16) %

$323,465,112 11,146,540 (541,420) $334,070,232

$22,408,584 (1,698,143) 688,879 $21,399,320

6.93 % (15.23) 127.24 6.41 %

(6.08) % (5.84) 14.09 5.48 29.86 (7.00) 2.11 (2.28) 5.29 (36.94) 24.05 (4.82) %

$389,956,967 64,306,257 23,227,899 1,342,065 283,545 3,515,473 9,365,960 1,796,470 10,518,886 2,327,811 8,191,076 $504,313,522

($4,871,283) (1,222,043) 1,871,105 55,591 54,078 (353,496) 2,886,794 11,403 (3,675,314) (1,066,627) (2,608,687) ($5,243,165)

(1.25) % (1.90) 8.06 4.14 19.07 (10.06) 30.82 0.63 (34.94) (45.82) (31.85) (1.04) %

($24,857,779)

(2.82) %

$839,866,158

$15,961,064

1.90 %

$1,730,899 97,410 $1,828,309

26.63 % 7.55 35.09 %

$2,491,671 230,626 $2,722,297

34.32 % 19.94 44.60 %

$833,762,170

$18,683,361 102.24%

2.24 %

$13,848,230 (28,604,712) 4,499,663 ($10,256,820)

($6,078,110) (23,339,111) 6,681,404 ($22,735,817)

(43.89) % (81.59) 148.49 (221.67) %

$823,505,350

($4,052,456) 99.51%

(0.49) %

Total Taxes % of Total Received: Other Revenues: Interest Net Transfers Agency Earnings Total

$875,475,000

$852,445,531

($23,029,470) 97.37%

(2.63) %

$6,300,000 (40,960,000) 4,800,000 ($29,860,000)

$7,770,120 (51,943,823) 11,181,067 ($32,992,637)

$1,470,120 (10,983,823) 6,381,067 ($3,132,637)

23.34 % (26.82) 132.94 (10.49) %

Total Receipts % of Total Received:

$845,615,000

$819,452,894

($26,162,106) 96.91%

(3.09) %

$1,482,404

($7,260,772) 1,156,784 ($6,103,988)

* Miscellaneous taxes include corporate franchise taxes and fees.

9/1/2016, 1:39 PM


FY 2017 State General Fund Receipts Final Report: August 2016

Revenue Source

FY 2017

FY 2017

Dollar Change

Percent Change

FY 2016

August Estimate

August Actual

From Estimate

From Estimate

August Actual

Property Tax/Fee: Motor Carrier

Percent Change

$500,000

$414,935

($85,065)

(17.01) %

Total

$165,000,000 10,000,000 100,000 $175,100,000

$179,759,624 303,749 247,662 $180,311,035

$14,759,624 (9,696,251) 147,662 $5,211,035

8.95 % (96.96) 147.66 2.98 %

$170,434,110 (7,166,807) (617,154) $162,650,148

$9,325,514 7,470,557 864,816 $17,660,887

5.47 % 104.24 140.13 10.86 %

Excise Taxes: Retail Sales Compensating Use Cigarette Tobacco Products Cereal Malt Beverage Liquor Gallonage Liquor Enforcement Liquor Drink Severance Gas Oil Total

$204,000,000 34,000,000 11,000,000 625,000 70,000 1,600,000 6,500,000 900,000 3,250,000 1,000,000 2,250,000 $261,945,000

$189,896,629 29,614,534 13,045,175 681,898 151,709 1,572,610 6,563,066 959,510 3,798,041 640,689 3,157,352 $246,283,171

($14,103,371) (4,385,466) 2,045,175 56,898 81,709 (27,390) 63,066 59,510 548,041 (359,311) 907,352 ($15,661,829)

(6.91) % (12.90) 18.59 9.10 116.73 (1.71) 0.97 6.61 16.86 (35.93) 40.33 (5.98) %

$200,833,350 32,918,432 11,752,842 579,394 152,880 1,618,962 5,321,314 857,327 5,066,079 1,184,416 3,881,663 $259,100,580

($10,936,721) (3,303,898) 1,292,333 102,504 (1,171) (46,352) 1,241,752 102,184 (1,268,038) (543,727) (724,311) ($12,817,409)

(5.45) % (10.04) 11.00 17.69 (0.77) (2.86) 23.34 11.92 (25.03) (45.91) (18.66) (4.95) %

$437,545,000

$427,009,142

($10,535,858)

(2.41) %

$422,302,936

$4,706,206

1.11 %

$4,886,351 68,864 $4,955,214

95.92 % 15.43 106.61 %

Income Taxes: Individual Corporate Financial Inst.

Subtotal - KDOR Tax Collections Other Taxes: Insurance Premiums Miscellaneous * Total

($500,000) 490,000 ($10,000)

($208,038) 515,299 $307,261

$291,962 25,299 $317,261

58.39 % 5.16 3,172.61 %

Total Taxes % of Total Received: Other Revenues: Interest Net Transfers Agency Earnings Total

$437,535,000

$427,316,403

($10,218,597) 97.66%

(2.34) %

$900,000 (23,550,000) 2,800,000 ($19,850,000)

$2,256,929 (34,885,909) 10,010,742 ($22,618,238)

$1,356,929 (11,335,909) 7,210,742 ($2,768,238)

150.77 % (48.14) 257.53 (13.95) %

Total Receipts % of Total Received:

$417,685,000

$404,698,165

($12,986,835) 96.89%

(3.11) %

$552,207

Dollar Change

From Prior FY Month From Prior FY Month

($5,094,388) 446,435 ($4,647,953) $417,654,983

$736,279 (5,163,468) 1,815,863 ($2,611,327) $415,043,656

($137,272)

(24.86) %

$9,661,420 102.31%

2.31 %

$1,520,650 (29,722,440) 8,194,879 ($20,006,911)

206.53 % (575.63) 451.29 (766.16) %

($10,345,491) 97.51%

(2.49) %

* Miscellaneous taxes include corporate franchise taxes and fees.

9/1/2016, 1:39 PM


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