Houston Community Bank, NationalAssociationHuntington State BankIcon Bank <strong>of</strong> Texas, National AssociationInternational Bank <strong>of</strong> CommerceJ.P. Morgan Chase Bank, National AssociationMetrobank, National AssociationNewfirst National BankPost Oak Bank, N.A.Prosperity BankRegions BankSouthwestern National BankSterling BankTexas Citizens Bank, National AssociationThe Frost National BankThe Moody National BankThe State Bank <strong>of</strong> TexasStafford and Sugar LandSugar Land2 <strong>of</strong>fices in KatyMissouri <strong>City</strong>, Richmond, Sugar Land2 in Katy, 3 in Missouri <strong>City</strong>, Richmond, Rosenberg,9 in Sugar Land2 in Sugar LandNeedville, Rosenberg, Sugar LandSugar Land2 in Katy, as well as an <strong>of</strong>fice in Needville and onein Richmond, 2 <strong>of</strong>fices in Sugar LandKaty, Sugar LandSugar LandStaffordRosenbergMissouri <strong>City</strong>, Stafford, Sugar LandSugar LandStaffordSource: FDIC www.fdic.govLocal Sales and Use TaxThe Texas Comptroller <strong>of</strong> Public Accounts returns (or allocates) money to cities for their local sales taxcollection. Allocation amounts generally represent taxes collected on sales made two months or moreprior to the allocation payment.46
Figure 33: <strong>City</strong> <strong>of</strong> <strong>Kendleton</strong> Total Allocations from Texas ComptrollerMonth <strong>20</strong>08 <strong>20</strong>09 <strong>20</strong>10 <strong>20</strong>11January $1,531.76 $1,069.50 $1,046.<strong>20</strong> $1,104.06February $1,615.56 $1,934.37 $1,723.91 $2,245.50March $1,<strong>20</strong>1.26 $1,211.52 $1,723.91 $1,522.11April $1,189.47 $1,168.71 $1,223.35 $1,334.69May $1,178.48 $1,<strong>20</strong>5.88 $1,448.80 $2,222.27June $1,250.07 $1,182.08 $1,298.06 $1,144.18July $1,091.81 $1,158.28 $1,302.93 $1,432.55August $1,385.51 $1,435.10 $1,493.70 $1,197.73.September $1,152.93 $1,189.24 $1,147.81October $4,627.43 $1,188.28 $1,380.10November $1,555.10 $1,546.51 $1,262.24December $1,265.85 $1,008.84 $1,135.51Total for the year $19,045.23 $15,298.31 $15,768.56Source: Texas Comptroller https://ourcpa.cpa.state.tx.us/allocation/AllocHist.jspSales tax amounts have remained low and fairly stable across the last three and a half years, with the<strong>20</strong>08 total <strong>of</strong> $19,045.23 representing a nearly $10,000 increase over <strong>20</strong>07, and an impressive increasefrom <strong>20</strong>05, when the year total was $294.87. As demonstrated in the chart below, allocations have beenlargely within the approximately $9,500 to $16,000 range since 1988.Figure 34: Sales Allocation History over the <strong>Year</strong>s 1988‐<strong>20</strong>10Local Sales Tax Allocation History Total Amountsfor Each <strong>Year</strong>$<strong>20</strong>,000.00$18,000.00$16,000.00$14,000.00$12,000.00$10,000.00$8,000.00$6,000.00$4,000.00$2,000.00$0.00198819891990199119921993199419951996199719981999<strong>20</strong>00<strong>20</strong>01<strong>20</strong>02<strong>20</strong>03<strong>20</strong>04<strong>20</strong>05<strong>20</strong>06<strong>20</strong>07<strong>20</strong>08<strong>20</strong>09<strong>20</strong>10<strong>20</strong>11Source: Texas Comptroller <strong>of</strong> Public AccountsAppendix A, Page 47
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