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NORTH CAROLINA <br /> <br />MEMORANDUM <br /> <br />To: Board of Commissioners <br /> Blair D. Bennett ~ <br />From: <br /> <br />Date: August 21, 2002 <br />Subject: Local Sales and Use Tax <br /> <br />Quarter Ending FY 2000/2001 FY 2001/2002 % Increase <br /> (Decrease) <br />September $4,844,270 $4,764,390 (1.65) <br />December $5,030,558 $4,609,922 (8.36) <br />March $4,695,850 $4,609,601 (1.84) <br />June $4,900,112 $5,299,551 8.15 <br />Total for Year $19,470,790 $19,283,464 (.96) <br /> <br /> This past year we had an original budget estimate of $21,200,000. We did amend <br />that estimate in March to $18,851,360. For fiscal year 6/30/02 we actually received <br />,$19,283,464 or about $432,104 over the revised budget. About $571,389 was the result of <br />a sales tax reallocation from a refund which credited our account. Cabarrus County's <br />portion was $369,618, which represents 64.69% of the total findings. <br /> <br /> Finance Department <br /> <br />P.O, Box707 ~ Concord, NC 28026-0707 o 704-920-2104 <br /> <br /> <br />