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Home My WebLink AboutFS 2011-19-01 Item 2F - Report - Sales Tax Revenue for October 2010 o C ty of Tukwila a i 7 y Jim Haggerton, Mayor M1y mss 40- rt INFORMATIONAL MEMORANDUM TO: Mayor Haggerton Finance and Safety Committee FROM: Shawn Hunstock, Finance Director DATE: December 21, 2010 SUBJECT: Sales Tax Revenue for October 2010 Schedule I in 1,000's Sales Receipt 2009 2010 2010 Increase /(Decrease) I ncrease/(Decrease) Month Month Actual Estimated Actual Month YTD Month YTD Jan Mar 1,172 1,483 1,036 (447) (447) 30.14% 0.00% Feb Apr 1,051 1,462 1,006 (456) (903) 31.19% 30.66% Mar May 1,146 1,705 1,157 (548) (1,451) 32.14% 31.20% Apr June 1,191 1,578 1,070 (508) (1,959) 32.19% 31.45% May July 1,082 1,603 1,067 (536) (2,495) 33.44% 31.86% June Aug 1,217 1,812 1,247 (565) (3,060) 31.18% 31.73% July Sept 1,473 1,793 1,251 (542) (3,602) 30.23% 31.50% Aug Oct 1,118 1,656 1,216 (440) (4,042) 26.57% 30.87% Sept Nov 1,110 1,682 1,357 (325) (4,367) 19.32% 29.56% Oct Dec 1,032 1,556 1,082 (474) (4,841) 30.46% 29.64% Nov Jan11 1,140 1,631 (1,631) (6,472) 100.00% 36.03% Dec Feb11 1,690 2,270 (2,270) (8,742) 100.00% 43.21% Totals 14,422 20,231 11,489 Mitigation Received 1,242 12,731 77.96% of Budget Incl. Mitigation Sales tax collections for October showed the third consecutive increase, and fifth so far this year, as compared to the same month in the prior year. For October, collections were less than budget for the month, but more than actual collections in the same month in the previous year. Actual receipts for October were $474,000 less than budget, but $50,000 more than the same period last year. We are down 30.46% for the month compared to budget, but up by 4.84% compared to the same month last year. We are now down in total 29.64% for the year compared to budget, and down by 0.90% compared to the same period last year. Including mitigation payments, we are currently at 77.96% of budget for the year to date. This includes an estimated mitigation payment of $308,257.11 on December 31, 2010. The last mitigation payment we received was on September 30, 2010 for $310,763.48. Mitigation payments are now annualized and will only be adjusted once per year in the fall, effective with the December 31s payment. Staff completed work on the last mitigation detail file and submitted to the Department of Revenue a list of firms that should be removed from the mitigation 151 INFORMATIONAL MEMO Page 2 calculation process. These firms are ones that were offsetting other losses, thereby reducing our mitigation payment. Schedule II shows the year -to -date sales tax from the top ten industry classifications. As this schedule indicates, the trend is flat or down for most of the classifications. Schedule II YTD YTD Dollar Group Name Current Prior Diff. Diff. 452* General Merchandise Stores 1,594,118 $1,575,898 18,220 1.16% 448* Clothing and Accessories 1,563,438 1,566,219 (2,780) 0.18% 722* Food Services, Drinking Places 1,117,687 1,075,617 42,070 3.91% 423* Wholesale Trade, Durable Goods 1,014,783 1,102,686 (87,903) 7.97% 443* Electronics and Appliances 739,202 741,483 (2,281) 0.31% 441* Motor Vehicle and Parts Dealer 499,261 592,371 (93,110) 15.72% 451* Sporting Goods, Hobby, Books 491,469 450,295 41,174 9.14% 236 Construction of Buildings 455,342 377,918 77,424 20.49% 444* Building Material and Garden 428,464 434,657 (6,193) -1.42% 453* Miscellaneous Store Retailers 381,259 408,981 (27,721) -6.78% Mitigated NAICS Code As you can see there are large variances from last year for the same time period. For instance, sales tax for Motor Vehicle and Parts Dealer is down by 15.72 and Wholesale Trade and Durable Goods is down by 7.97 As illustrated above, six of the top ten merchant categories have declined versus prior year, and all but one of the ten industry classification codes are ones for which we receive streamlined sales tax mitigation. Schedule III shows the ten largest declines in sales tax revenue for industries with over $10,000 collected year -to -date. Schedule III YTD YTD Dollar Group Name Current Prior Diff. Diff. 237 Heavy and Civil Construction 26,829 60,984 (34,156) -56.01% 454* Nonstore Retailers 84,776 177,929 (93,153) 52.35% 926 Economic Programs Admin 21,364 28,087 (6,724) 23.94% 238 Specialty Trade Contractors 223,915 288,836 (64,921) 22.48% 621 Ambulatory Health Care Service 38,537 48,918 (10,381) 21.22% 441* Motor Vehicle and Parts Dealer 499,261 592,371 (93,110) 15.72% 812 Personal and Laundry Services 68,079 78,657 (10,578) 13.45% 561 Administrative and Support Svc 85,431 95,433 (10,002) 10.48% 423* Wholesale Trade, Durable Goods 1,014,783 1,102,686 (87,903) -7.97% 323* Printing and Related Support 45,852 49,498 (3,646) 7.37% Mitigated NAICS Code Attached is a Sales Tax Summary comparing year -to -date 2010 vs. 2009 by major NAICS codes. Also included is a comparison of total receipts year -to -date for the last five years. Please let me know if you have any comments or questions. Thank you. W:IFIN Projects\Sales Tax Information\Sales Tax Files from Shawn120101Info Memo Sales Tax 122110.docx 152 SALES TAX SUMMARY October 2010 (Received in December) YTD YTD NAICS CONSTRUCTION 09 TOTAL 09 YTD 10 YTD Diff NAICS AUTOMOTIVE 09 TOTAL 09 YTD 10 YTD Diff 236 Construction of Buildings 416,992 377,918 455,342 20.5% I 441' Motor Vehicle Parts Dealer 686,478 592,371 499.261 -15.7% 237 Heavy Civil Construction 98,105 60,984 26,829 -56.0% I 447' Gasoline Stations 62,584 52,748 .56,361 6.8% 1 238 Specialty Trade Contractors 347.910 288.836 223,915 -22.5% TOTAL AUTOMOTIVE 749,063 645,119 555,623 TOTAL CONSTRUCTION 863,006 727,739 706,085 Overall Automotive Change from Previous Year ($89,497) -13.9% Overall Construction Change from Previous Year ($21,653) -3.0% NAICS RETAIL TRADE 09 TOTAL 09 YTD 10 YTD Diff YTD I 442* Furniture Home Furnishings 350,625 278,400 305,652 9.8% MANUFACTURING 09 TOTAL 09 YTD 10 YTD Diff I 443' Electronics Appliances 954,375 741.483 739,202 -0.3% 311 Food Manufacturing 1,173 1,021 4,458 336.7% I 444* Building Material Garden 506,177 434.657 428,464 -14% 312 Beverage Tobacco Products 3,070 2,552 -1,772 169.4% 445` Food Beverage Stores 86.349 71.257 80.034 12.3% 313 Textile Mills 259 205 81 -60.7% 446' Health Personal Care 189,603 147,812 139.559 -5.6% 314 Textile Product Mills 12,852 10,862 12,477 14.9% 448* Clothing Accessories 2,015,184 1,566,219 1,563,438 -0.2% 315 Apparel Manufacturing 59 37 19 -49.3% 451' Sporting Goods, Hobby, Books 589.522 450,295 491.469 9.1% 316 Leather& Allied Products 7 4 2 -52.0% 452* General Merchandise Stores 2,044,042 1,575,898 1.594.118 1.2% 321' Wood Product Manufacturing 2,701 2,404 1,398 -41.9% 453' Miscellaneous Store Retailers 506,005 408,981 381,259 -6.8% 322' Paper Manufacturing 20,392 16,482 18,323 11.2% 1 454' Nonstore Retailers 209,564 177,929 84,776 -52.4% 323' Panting Related Support 59,298 49.498 45,852 -7A% 1 TOTAL RETAIL TRADE 7,451,446 5,852,930 5,807,970 324 Petroleum Coal Products 8,157 6,898 2,659 -61.5% Overall General Retail Change from Previous Year ($44,960) 481/4 325 Chemical Manufacturing 6,368 5,428 6,317 16.4% 326 Plastic Rubber Products 3,928 3,694 2,580 -30.2% YTD 327* Nonmetallic Mineral Products 2.279 1,986 1,055 -46.9% SERVICES 09 TOTAL 09 YTD 10 YTD Diff 331 Primary Metal Manufacturing 534 477 700 46.9% 51X Intonation 528,044 434,637 426,077 -2.0% 332 Fabricated Metal Mfg Products 3,789 3,096 -3,430 -210.8% 52X Finance Insurance 53,850 43,994 44,011 0.0% 333 Machinery Manufacturing 5,586 5,304 9,699 82.9% 53X Real Estate, Rental, Leasing 412,907 315,113 349,920 11.0% 334* Computer Electronic Products 19,797 13,901 3,582 -74.2% 1 541 Professional, Scientific, Tech 227,255 145,551 144,247 -0.9% 335 Electric Equipment, Appliances 137 128 376 1917% 551 Company Management 985 862 234 -72.9% 336 Transportation Equipment Mfg 135,430 105,241 124,486 18.3% 56X Admin, Supp, Remed Svcs 123,115 101,896 89,102 -12.6% 337' Furniture Related Products 8,575 7,423 8.007 7.9% I 611 Educational Services 47,324 38,010 51,061 34.3% 339' Miscellaneous Manufacturing 10,665 9,037 9,358 3.6% 62X Health Care Social Assistance 91,637 66,072 59,011 -10.7% TOTAL MANUFACTURING 305,059 245,677 246,224 71X Arts Entertainment 93,799 80,558 96,216 19.4 Overall Manufacturing Change from Previous Year 6547 0.2% I 72X' Accommodation Food Svcs 1,745,512 1,468,131 1,482,278 1.0% 81X Other Services 183,887 152,180 153,940 1.2% YTD 92X Public Administration 32,268 28,776 22,359 -22.3% TRANSPORTATION WAREHOUSING 09 TOTAL 09 YTD 10 YTD Diff TOTAL SERVICES 3,540,583 2,875,781 2,918,457 481 Air Transportation 0 0 0 0.0% Overall Services Change from Previous Year 642,676 1.5% 482 Rail Transportation 924 891 307 -65.5% 484 Truck Transportation 3,294 2,758 178 -916% 485 Transit and Ground Passengers 11,105 9,225 14,476 56.9% YTD 488 Transportation Support 21,879 17,212 23,792 38.2% MISCELLANEOUS 09 TOTAL 09 YTD 10 YTD Diff 491 Postal Services 0 0 0 t#DIV /0! 000 Unknown 397 397 30 -92.6% 492 Couriers Messengers 149 91 266 191.5% 111 -115 Agriculture, Forestry, Fishing 221 143 231 61.0% I 493' Warehousing Storage 1,051 926 820 -11.5% j 211 -221 Mining Utilities 14,549 13,503 13,520 0.1% TOTAL TRANSP WHSING 38,401 31,104 39,838 999 Unclassifiable Establishments 12,331 9,501 88,982 836.5% Overall Transportation Change from Previous Year 08,734 28.1% MISCELLANEOUS TOTAL 27,499 23,545 102,762 Overall Miscellaneous Change from Previous Year 679,217 336.5% YTD WHOLESALE TRADE 09 TOTAL 09 YTD 10 YTD Diff I 423* Whls Trade-Durable Goods 1,339,565 1,102,686 1.014.783 -8,0% YTD I 424' Whls Trade Nondurable Goods 105,260 86.589 93,515 8.0% 1 09 TOTAL 09 YTD 10 YTD Diff 1 425* Wholesale Electronic Markets 2,208 1,759 2,186 24.2% 1 GRAND TOTALS $14,422,090 $11,592,930 811,487,443 WHOLESALE TRADE TOTAL 1,4.47,033 1,191,034 1,110,484 Grand Total Change from Previous Year (6105,487) -0.91 Overall Wholesale Change from Previous Year (680,550) -6.8% I Sales Tax Mitigation NAICS Codes 1 CA W 12/21/2010 Page 1 1UK 501*, lax Rp1201010_Lm Five Year Comparison ,a. A a i L 18 z i,�.`Z MNA I ats^; Ht,> 4� sit y 2010 I $1,¢48 {7;461 a r ikagAMPrifn tk -i.r e-,�. u ;f.: r.*x� k ''l .:1•� s e� ,ire 2009 $52951 .k r a Y" e 1 o f c< 3 p E.xr�. 3Fa'' Y T -'L. 4z rs. h as t`+xw.z "*y c� .SMi A d€ 3F. :u `".`w fr+� k w r r k� v. �r e r d .(t af', �m 4 2007 1 $15,651,7' 9 f it is a .APT r a 4: Z f� t' v, R a :gt t t Vq .t N s f ti, Y1 r l.. 2006 $14,216,654 I s i n r. >MVr ar' .IZG '"t V WAMr, :..^z ?,°x'?-,' OR'fitkiMT atM7„..p1k nr s. $4,000,000 $8,000,000 $12,000,000 $16,000,000 Taxes Collected Year to Date 154