After five strong months to start the fiscal year of 2016-2017, the City of Camdenton has seen a significant dip in sales tax under its general revenue fund, but still remains slightly up for the year.

After five strong months to start the fiscal year of 2016-2017, the City of Camdenton has seen a significant dip in sales tax under its general revenue fund, but still remains slightly up for the year.

With the fiscal year starting Oct. 1, 2016, Camdenton was reporting a significant increase in sales tax receipts so far compared to the same time frame the fiscal year prior. That equates to a total increase of $29,628.13 comparing the two five-month spans.

However, from March 2017 to June 2017, the city reported decreases in sales tax receipts each month compared to last year with the most significant decrease in June. June 2017 compared to June 2016 was down 8.6 percent. The decrease from March 2017 to June 2017 compared to the March 2016 to June 2016 totaled $19,705.69.

This intake leaves the city with a 0.86 percent year-to-date increase from 2015-2016 with three months remaining in the fiscal year. Last year at this time, the total sales tax receipts were listed at $1,158,004.78 compared to $1,167,927.92 for this year.

“Sales tax, as you can see, is up 0.86 percent for the year to date,” City Clerk Renèe Kingston told the Board of Alderman on Tuesday. “Our cash balances continue to remain healthy and expenditures continue to be within budget.”

To match or surpass the 2015-2016 fiscal year totals, the city would need to register $469,271.16 or more in the remaining months of July, August and September before the 2017-2018 fiscal year begins in October. To match or surpass the totals from 2014-2015, the city would need to register more than $385,223.22.

The months of July, August and September have been consistently good for Camdenton in the past two years with the city reporting some of its highest monthly totals, including $189,158.54 in September 2016 and $182,545.84 in September 2015 which have been the largest single months in the past three years by more than $15,000.

One possible explanation for the dip in sales tax figures, according to City Administrator Jeff Hancock, has to do with when monthly totals are turned over to the State of Missouri by large employers, like Walmart. Hancock explained that occasionally end-of-month totals are rolled over into the next month and that has explained some drastic jumps from month to month in the past.

The city will be watching the numbers closely over the next three months, but doesn’t appear to be too concerned at this point as Camdenton will still have a chance to register a couple percentage point increases from previous years.