The Edmond Sun

Business

April 21, 2014

Edmond up 15 percent in sales tax revenue

EDMOND — City sales tax receipts for April continued a positive with an increase of 6.03 percent over the same period two years ago, City Manager Larry Stevens said last week.

The amount received in April 2014 represents sales tax collections from the last half of the month of February and the first half of March according to the office of City Finance Director Ross VanderHamm.

“For the year we’re still up 15.4 percent above our 6 percent budget projection,” Stevens said. “Very positive, very healthy.”

Year-to-date collections are over budget by $2.159 million. However, the sales tax receipts for this month includes an unanticipated $390,000 reduction. VanderHamm, reported that the Oklahoma Tax Commission OTC began an audit of a major vendor that spanned 2008-2011.

“The key issue was where they delivered their product and who got the sales tax based on our 5-digit zip code,” VanderHamm said. “For example, I live in an Edmond zip 73013, but am in OKC when someone delivers something to me. Often times Edmond gets the sales tax instead of OKC.”

VanderHamm did not name the major vendor, but said it has been evaluating correctly since 2011.

“It all came out in this month’s check. Nonetheless, we still ended up over 6 percent above 2 years ago — what our budget was based on — and only 2 percent below last year.

Other cities will be impacted by those audit results, too.

 

Completion of Kelly widening project anticipated in May

Progress continues on the Kelly widening project on Covell Road to Coffee Creek, Stevens reported to the Edmond City Council.

Northbound lanes opened a little more two weeks ago after Duit Construction completed that phase of the project. Construction work now focuses on the southbound lanes of Kelly.

“The timing for having all four lanes open with what is referred to as substantial completion remains by the end of May,” Stevens said.

The cost of the $6 million project is being paid by the Oklahoma Department of Transportation and the City of Edmond. The city’s share of $1.2 million comes from the 2000 Capital Sales Tax.

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Business
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