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MCDC financials: March receipts near $2.2M; year-to-date sales tax up ~3.4%
Summary
Assistant Finance Director Chance Miller reported March collections near $2.2 million with sales tax about $1.8 million. Year-to-date sales tax increased 3.4% (budgeted 3.5%); construction sector impacted by audit-collection timing.
Chance Miller, assistant finance director, presented the March income statement and sales-tax detail: "For the month of March, we collected close to $2,200,000," he said, and noted the majority of that was sales tax. He reported total monthly expenses near $241,000 (operational, project and non-departmental expenses) and said audit-collection timing has created volatility in recent months.
Miller said January sales collected in March were up 2.6% over last year and that, despite negative audit adjustments in the month, the year-to-date performance was a roughly 3.4% increase — essentially on budget with the 3.5% target. Members asked about outlier city variances (Allen up 29.4% year over year), possible drivers such as Costco and data-center transactions, and the expectation that a few stronger months could push year-to-date increases above budget.
