Despite optimism from Camdenton officials that fourth quarter sales tax receipts for the 2016-2017 fiscal year would push the city over 2015-2016 totals, general fund revenue decreased by approximately $13,000 or 0.79-percent.

Despite optimism from Camdenton officials that fourth quarter sales tax receipts for the 2016-2017 fiscal year would push the city over 2015-2016 totals, general fund revenue decreased by approximately $13,000 or 0.79-percent.

Five months into the fiscal year that began Oct. 1, 2016 and ended Sept. 30, 2017, the city was reporting a slight increase of $29,628 compared to 2015-2016 totals, but overall decreases from March to June 2017 had the city on pace for just a 0.86 percent increase from the prior year instead of a couple percentage points as staff had hoped.

The months of July, August and September had been consistently strong for Camdenton in the prior two fiscal years with the city reporting its two highest single monthly totals, and now third with a Sept. 2017 total of $179,397, trailing Sept. 2015 by $3,148 and Sept. 2016 by $9,761.

However, the month of August was the city’s third single lowest monthly total for the year at $108,868, a 22.9-percent decrease from Aug. 2016 and approximately $2,000 less than Aug. 2015. And even though Camdenton reported July as its’ second highest single monthly total at $168,016, it wasn’t enough to boost the year-to-date totals past 2015-2016 receipts.

The final general fund sales tax receipts for 2016-2017 was reported at $1,624,210 compared to $1,637,200 in 2015-2016 and $1,553,151 in 2014-2015. 

The significant month-to-month changes could possibly be explained by a letter the city received last month from the Missouri Department of Revenue. The letter stated MDR was currently in the process of implementing a new “Integrated Tax System,” which required the department to adjust the August distribution period.

The distribution period, according to the letter included in a public Board of Alderman packet, included tax collections processed from Aug. 1, 2017 to Aug. 28, 2017. The next distribution, which the city received earlier this month for October 2017, included tax collections from Aug. 29, 2017 to Sept. 29, 2017, according to the letter.

Nonetheless, Camdenton still reported a 2.97-decrease for the first month of its fiscal year with total sales tax receipts listed at $137,407 compared to $141,611 last October and approximately $350 less than Oct. 2015.

The month of November has shown a consistent decline in total sales tax receipts the last three fiscal years with $106,843 in 2014, $101,790 in 2015, and $89,518 in 2016. However, the month of December has shown a consistent increase in sales tax receipts over the same time period with $144,399 in 2014, $156,010 in 2015, and $166,684 in 2016.