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Tkach: 2017 a solid year for revenue

By Norwalk Reflector Staff • Jan 24, 2018 at 9:00 PM

Huron County Auditor Roland Tkach recently reviewed the state of the general fund upon completion of 2017.

“The year (2017) started with an unencumbered carry-over balance of $4,044,092,” the auditor said.

“Sales tax collection for the year was $10,550,676 which represents retail sales in Huron County of $703,378,440,” Tkach added. “The sales tax total was $699,981 more than 2016 which was an increase of 7.1 percent.”

Tkach said 2017 was a solid year for revenue.

“The total general fund revenue for the year was $16,618,492 which is $2,712,067 more than the estimate of $13,906,425 or 19.5 percent more than the estimate, ”he said.

Sales tax accounted for 63.49 percent of the total general fund revenue.

Total revenue for 2017 was $859,548 more than 2016 ($15,758,944).

Responsible spending was also part of the process.

“With a total revenue of $16,618,492, less spending of $16,043,268, the county for the ninth year in a row spent less than it took in,” Tkach said. “For 2017, it was $575,224 less.”

On Dec. 31, the unencumbered carry-over balance was $4,689,028, which is an increase of 15.95 percent or $664,936 compared to the balance on Dec. 31, 2016.

Tkach also released the first sales tax monthly report of 2018, which reflected October 2017 sales.

The total of $768,302 was down 9 percent from $844,476 during the same period a year ago.

“This is on par from 2015 and may be the result of the loss of Medicare managed-care organization sales tax,” the auditor said.

Mom-and-Pop stores accounted for 35 percent of the October total, while big-box stores made up 29 percent.

Vehicle sales were at 17 percent.

Liquor sales were down 14 percent compared to the same month a year ago.

“We’re basically on budget,” Tkach said. “I’m not real concerned, but we might be seeing a trend. I’ll keep an eye on it.”

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