HomeMy WebLinkAboutFS 2007-05-21 Item 2C - Report - Sales Tax Revenue ReportTO:
FROM:
DATE:
SUBJECT:
Sales Receipt Estimated 2007
Month Month Receipts
01/07 03/07
02/07 04/07
03/07 05/07
04/07 06/07
05/07 07/07
06/07 08/07
07/07 09/07
08/07 10/07
09/07 11/07
10/07 12/07
11/07 01/08
12/07 02/08
TOTALS
City of f Tukwila
6200 Southcenter Boulevard e Tukwila, Washington 98188
MEMORANDUM
Mayor Steven M. Mullet
Kevin A. Fuhrer, Finance Director la:-
April 25, 2007
SALES TAX REVENUE FOR BUDGET YEAR 2007
$1,337,000
1,288,000
1,480,000
1,402,000
1,427,000
1,575,000
1,500,000
1,470,000
1,595,000
1,476,000
1,520,000
2,068,000
$18,138,000
2007 Actual
Receipts
$1,323,922
1,349,572
0
0
0
0
0
0
0
0
0
0
$2,673,494
Increase
Or (Decrease)
MONTH YTD
$(13,078)
61,572
0
0
0
0
0
0
0
0
0
0
$(13,078)
48,494
0
0
0
0
0
0
0
0
0
0
Steven M Mullet, Mayor
Increase
or (Decrease)
MONTH YTD
(1.00)% (1.00)%
4.78% 1.85%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
I have attached (2) charts that provide a 12 -month rolling sales tax collection by month and
sales tax by classification type.
Some items of interest:
February is historically the lowest month of the year for sales tax activity. This year
we seemed to have bucked that trend. Looking over a period of 16 years, the
average for the month represents 7.10% of total annual tax collections.
Based upon the historical trend percentages, if the amount to date is extrapolated
one would anticipate annual sales tax collections to total $18,476,116. ($2,673,494
.1447)
For comparative purposes at the same juncture of the year, 2006 and 2005 actual
year -to -date collections were 2.56% and 1.41% respectively above and below
estimated collections.
Phone: 206 433 -1800 e City Hall Fax: 206- 433 -1833 e www.ci.tukwila.wa.us
$1,323,923
$1,349,572
Amount
0 0 0
$1,287,621
$1,423,427
$1,372,176
$1,393,956
$1,654,315
$1,567,199
$1,424,425
$1,472,794
$1,383,317
$1,473,277
$2,155,998
Sales Tax By Month of Collection Graph
Rolling Twelve Month Period
Transportation
Manufacturing
1.9%
Construction
11.9%
f
Services
20.7%
a es
Wholesale
11.5%
.7f
ax
Miscellaneous
1.3%
Auto
General ra
46.9%
Sales Tax by Type Pie Chart