MEMORANDUM
DATE: August 7, 2024
TO: Pikes Peak Rural Transportation Authority Citizen Advisory Committee
FROM: Lisa Corey, Financial Manager
SUBJECT: Financial Reports: Sales and Use Tax Report
ACTION REQUESTED: Information
The PPRTA 2024 Sales and Use tax reports are attached for your review. Sales and Use tax revenues are reported two months in arrears.
May 2024 Sales and Use tax revenue was above the monthly budget by $1,135,502 or 9.1%, and the total received for the month was $13,586,107. May 2024 revenues were above May 2023 actual by $779,452 or 6.1%.
The Revenue and Expense Summary and Capital Expenditure reports are also attached.