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Home My WebLink AboutFS 2009-11-03 Item 2E - Report - August 2009 Sales Tax RevenueTO: City of Tukwila INFORMATIONAL MEMORANDUM Mayor Haggerton Rhonda Berry Finance and Safety Committee FROM: Shawn Hunstock, Finance Director DATE October 26, 2009 SUBJECT: Sales Tax Revenue for August 2009 Schedule I in 1,000's Sales Receipt 2008 2009 2009 Increase/(Decrease) %Increase /(Decrease) Month Month Actual Estimated Actual Month YTD Month YTD Jan Mar 1,347 1,403 1,172 (231) (231) -16 46% 0 00% Feb Apr 1,357 1,397 1,051 (346) (577) -24 77% -20 61% Mar May 1,601 1,654 1,146 (508) (1,085) -30 71% 24.36% Apr June 1,365 1,497 1,191 (306) (1,391) 20.44% -23 37% May July 1,635 1,560 1,082 (478) (1,869) 30.64% -24 88% June Aug 1,646 1,757 1,217 (540) (2,409) 30.73% 25.99% July Sept 1,535 1,661 1,473 (188) (2,366) -11 32% 23.76% Aug Oct 1,555 1,647 1,118 (529) (2,549) 32.12% -24 86% Sept Nov 1,426 1,685 Oct Dec 1,298 1,521 Nov Jan10 1,265 1,589 Dec Feb10 1,723 2,175 Totals 17,753 19,546 9,450 Mitigation Received 1,277 10,727 85.30% of Budget Inc! Mitigation Jim Haggerton, Mayor Sales tax collections showed the twelfth consecutive decrease in August compared to the same period in the prior year. For 2009, collections were less than both budget and the same month in the prior year. Actual receipts for August 2009 were $529,000 less than budget, and $437,000 less than the same period last year We are now down 24.86% for the year compared to budget, and 21.52% compared to the same period last year. The chart above also includes the mitigation payment we received at the end of March, June and September. Including the mitigation payment, we are currently at 85 3% of budget for the year to date The mitigation payment we received in September for second quarter 2009 was $536,001 90. This was a 54.9% increase from the $346,046.24 we received for first quarter 2009. 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 all of the classifications INFORMATIONAL MEMO Page 2 Schedule II Group 452* 448* 423* 722* 443* 441* 451* 236 444* 453* Schedule Ill Name General Merchandise Stores Clothing and Accessories Wholesale Trade, Durable Goods Food Services, Drinking Places Electronics and Appliances Motor Vehicle and Parts Dealer Sporting Goods, Hobby, Books Construction of Buildings Building Material and Garden Miscellaneous Store Retailers Mitigated NAICS Code As you can see there are large variances from last year for the same time period For instance, sales tax for Construction of Buildings is down by 64.39 Miscellaneous Store Retailers is down by 32.58 and Wholesale Trade and Durable Goods is down by 27 79 As. you can see from Schedule II, all of the top ten merchant categories have declined versus prior year, and nine 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 through August. Group Name 323* Printing and Related Support 236 Construction of Buildings 334* Computer and Electronic Produc 442* Furniture and Home Furnishings 237 Heavy and Civil Construction 522 Credit Intermediation 621 Ambulatory Health Care Service 512 Motion Picture, Sound Record 445* Food and Beverage Stores 541 Professional, Scientific, Tech Mitigated NAICS Code Attached is a Sales Tax Summary comparing year -to -date 2009 vs. 2008 by major NAICS codes. Also included is a comparison of total receipts year -to -date for the last four years. Please let me know if you have any comments or questions. Thank you. H:\Sales Tax1200911nfo Memo Sales Tax 102609.doc YTD Current 1,254,724 1,253,823 988,595 864,005 590,102 493,593 353,100 343,608 343,448 324,505 YTD Current 40,714 343,608 12,625 222,203 47,311 20,804 37,938 21,768 56,790 111,760 YTD Dollar Prior Diff. Diff. 1,439,952 (185,228) -12 86% 1,320,980 (67,157) -5 08% 1,369,127 (380,532) -27 79% 885,199 (21,194) -2.39% 708,300 (118,198) -16 69% 663,495 (169,902) -25.61% 413,439 (60,339) 14.59% 964,824 (621,216) 64.39% 446,864 (103,416) -23 14% 481,299 (156,794) 32.58% YTD Dollar Prior Diff. Diff. 114,401 (73,687) -64 41% 964,824 (621,216) -64 39% 34,546 (21,921) -63 46% 480,246 (258,043) 53.73% 90,564 (43,253) -47 76% 34,054 (13,250) -38 91% 59,134 (21,196) -35 84% 32,494 (10,726) 33.01% 84,589 (27,798) -32 86% 166,105 (54,345) 32.72% NAICS CONSTRUCTION 08 TOTAL 236 Construction of Buildings 1 302.567 237 Heavy Civil Construction 130,624 238 Specialty Trade Contractors 530,490 TOTAL CONSTRUCTION 1,963,680 Overall Construction Change from Previous Year MANUFACTURING 311 Food Manufacturing 312 Beverage Tobacco Products 313 Textile Mills 314 Textile Product Mills 315 Apparel Manufacturing 316 Leather Allied Products 321' Wood Product Manufacturing 322* Paper Manufacturing 323* Printing Related Support 324 Petroleum Coal Products 325 Chemical Manufacturing 326 Plastic Rubber Products 327* Nonmetallic Mineral Products 331 Primary Metal Manufacturing 332 Fabricated Metal Mfg Products 333 Machinery Manufacturing 334' Computer Electronic Products 335 Electric Equipment, Appliances 336 Transportation Equipment Mfq 337' Furniture Related Products 339' Miscellaneous Manufacturing TOTAL MANUFACTURING TRANSPORTATION WAREHOUSING 481 Air Transportation 482 Rail Transportation 484 Truck Transportation 485 Transit and Ground Passengers 488 Transportation Support 491 Postal Services 492 Couners Messengers I 493' Warehousing Storage TOTAL TRANSP WHSING WHOLESALE TRADE 423' Whls Trade Durable Goods 424' Whls Trade Nondurable Goods 425' Wholesale Electronic Markets WHOLESALE TRADE TOTAL 1,893,709 Overall Wholesale Change from Previous Year Sales Tax Mitigation NAICS Codes 10/26/_00. 08 TOTAL 4,997 2,328 1,050 22,660 215 9 9,515 21,545 143.009 9,630 8,068 4,085 5,242 52 6.310 -8,777 44,162 895 191,525 31,384 22 411 520,315 Overall Manufacturing Change from Previous Year 08 TOTAL 0 1 935 965 11 502 28.728 88 476 781 44,475 Overall Transportation Change from Previous Year 08 TOTAL 1,777,808 113.096 2,805 YTD 08 YTD 09 YTD Diff NAICS 964.824 343.608 -64.4% I 441' 90,564 47,311 -47.8% I 447' 332.227 244,689 -26.3% 1,387,615 635,608 (1752,006) -54.2% YTD 08 YTD 09 YTD Diff 3.187 846 -73.4% 1,167 1,988 70.3% 42 158 273.1% 18,479 8,536 -53.8% 213 37 -82.8% 2 4 113.0% 5.991 2.148 -64.1% 14,069 12,871 -8.5% 114,401 40.714 -64.4% 6,848 3.347 -51.1% 6,044 4,295 -28.9% 3,326 3,108 -6.6% 3.425 1.251 -63.5% 26 126 374.5% 3,978 2,255 -43.3% 10,711 5,000 146.7% 34,546 12,625 -63.5% 511 90 -82.4% 121,365 93,095 -23.3% 27,936 6.532 -76.6% 13.562 7.787 -42.6% 368,409 206,811 (8161, 597) SALES TAX SUMMARY August 2009 (Received in October) -43.9% 1 YTD 08 YTD 09 YTD Diff 0 0 0.0% 1,267 843 -33.5% 262 1,898 625.2% 7,386 7,505 1.6% 18,166 15,753 -13.3% 37 0 100.0% 465 33 -92.8% 517 788 52.5% 28,099 26,820 (81,279) -4.6% YTD 08 YTD 09 YTD Diff 1,369,127 988,595 -27.8% 67.952 71,462 5.2% 2,150 1,344 -37.5% 1,439,228 1,061,401 (8377,827) -26.3% NAICS 442' 443* 444* 445' 446' 448' 451' 452' I I 453" 1 I 454' l 1 1 AUTOMOTIVE Motor Vehicle Parts Dealer Gasoline Stations TOTAL AUTOMOTIVE SERVICES 51X Information 52X Finance 8r Insurance 53X Real Estate, Rental, Leasing 541 Professional, Scientific, Tech 551 Company Management 56X Admin, Supp, Remed Svcs 611 Educational Services 62X Health Care Social Assistance 71X Arts Entertainment 72X' Accommodation Food Svcs 81X Other Services 92X Public Administration TOTAL SERVICES Page 1 08 TOTAL 993,146 73.034 1,066,181 Overall Automotive Change from Previous Year RETAIL TRADE 08 TOTAL Furniture Home Furnishings 621,785 Electronics Appliances 1,077 238 Building Material Garden 619,645 Food Beverage Stores 88,317 Health Personal Care 146,841 Clothing Accessories 2,101,593 Sporting Goods, Hobby, Books 644,522 General Merchandise Stores 2,231.745 Miscellaneous Store Retailers 721,034 Nonstore Retailers 116,347 TOTAL RETAIL TRADE 8,369,066 Overall General Retail Change from Previous Year 08 TOTAL 570,706 75,585 403,851 338,302 1,902 167,119 12,727 109,308 106,515 1,858.292 192,450 843 3,837,599 Overall Services Change from Previous Year MISCELLANEOUS 08 TOTAL 000 Unknown 1.147 111 -115 Agriculture, Forestry. Fishing 1,095 211 -221 Mining Utilities 19,574 999 Unclassifiable Establishments 35,837 MISCELLANEOUS TOTAL 57,652 Overall Miscellaneous Change from Previous Year 08 TOTAL GRAND TOTALS $17,752,678 Grand Total Change from Previous Year 08 YTD 663.495 55,444 718,940 08 YTD 480,246 708,300 446,864 84,589 92,995 1,320,980 413,439 1,439,952 481,299 68,822 5,537,486 08 YTD 385,572 42,076 281,369 166,105 1,352 103,012 5,659 74,011 79,058 1,265,193 128,188 326 2,531,919 OS YTD 873 230 12,791 16,687 30,581 08 YTD $12,042,277 09 YTD 493,593 41,647 535,240 ($183,700) 09 YTD 222.203 590.102 343,448 56,790 119,483 1,253,823 353,100 1,254,724 324,505 164,250 4,682,428 (0855,059) 09 YTD 349,905 28,482 248,641 111,760 737 83,307 27,176 51,498 66,210 1.184,151 120,814 15,190 2,287,871 (5244,049) 09 YTD 397 87 11,038 3.256 14,779 ($15,802) 09 YTD $9,450,958 (62,591,319) rur, Sales tax P.pl 20090501s YTD Diff -25.6% -24.9% Diff -53.7% -16.7% -23.1% -32.9% 28.5% -5.1% -14.6% -12.9% -32.6% 138.7% YTD Diff -9.3% -32.3% -11.6% -32.7% -45.5% -19.1% 380.3% -30.4% -16.3% -6.4% -5.8% 4560.2% YTD Diff -54.5% -62.0% -13.7% -80.5% YTD Diff -25.6% -15.4% -9.6% -51.7% -21.52 Four Year Comparison 2009 I $9,450,976 2008 I $12:,042,282 2007 I $12,350,819 2006 I $11,362,543 $4,000,000 $8,000,000 $12,000,000 Taxes Collected Year to Date