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Home My WebLink AboutFS 2010-01-20 Item 2D - Report - October 2009 Sales Tax RevenueTO: City of Tukwila INFORMATIONAL MEMORANDUM Mayor Haggerton Finance and Safety Committee FROM: Shawn Hunstock, Finance Director DATE: December 23, 2009 SUBJECT: Sales Tax Revenue for October 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 1,110 (575) (2,616) 34.12% 25.95% Oct Dec 1,298 1,521 1,032 (489) (2,799) 32.15% 26.55% Nov Jan10 1,265 1,589 Dec Feb10 1,723 2,175 Totals 17,753 19,546 11,592 Mitigation Received 1,589 13,181 92.43% of Budget Incl. Mitigation Jim Haggerton, Mayor Sales tax collections showed the fourteenth consecutive decrease in October 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 October 2009 were $489,000 less than budget, and $266,000 less than the same period last year. We are now down 26.55% for the year compared to budget, and 21.49% compared to the same period last year. The chart above also includes the mitigation payment we will receive at the end of December for the third quarter of 2009. Including the mitigation payment, we are currently at 92% of budget for the year to date. The mitigation payment we will receive on December 31 is $311,528.15. This is a 42.4% increase from the $218,797.89 we received for the same quarter last year. 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 YTD YTD Dollar Group Name Current Prior Diff. Diff. 452* General Merchandise Stores 1,575,898 1,780,309 (204,411) 11.48% 448* Clothing and Accessories 1,566,219 1,676,733 (110,515) -6.59% 423* Wholesale Trade, Durable Goods 1,102,686 1,614,533 (511,847) 31.70% 722* Food Services, Drinking Places 1,075,617 1,104,125 (28,508) -2.58% 443* Electronics and Appliances 741,483 842,119 (100,636) 11.95% 441* Motor Vehicle and Parts Dealer 592,371 831,557 (239,186) 28.76% 451* Sporting Goods, Hobby, Books 450,295 511,454 (61,159) 11.96% 444* Building Material and Garden 434,657 547,726 (113,069) 20.64% 453* Miscellaneous Store Retailers 408,981 601,964 (192,983) 32.06% 721* Accommodation 392,514 474,016 (81,501) 17.19% Mitigated NAICS Code As you can see there are large variances from last year for the same time period. For instance, sales tax for Building Material and Garden is down by 32.06 Wholesale Trade and Durable Goods is down by 31.70 and Motor Vehicle and Parts Dealer is down by 28.76 As you can see from Schedule II, all of the top ten merchant categories have declined versus prior year, and all 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 October. Schedule Ill YTD YTD Dollar Group Name Current Prior Diff. Diff. 236 Construction of Buildings 377,918 1,154,646 (776,728) 67.27% 334* Computer and Electronic Produc 13,901 38,313 (24,412) 63.72% 323* Printing and Related Support 49,498 131,137 (81,639) 62.25% 442* Furniture and Home Furnishings 278,400 549,729 (271,328) 49.36% 314 Textile Product Mills 10,862 20,813 (9,951) 47.81% 237 Heavy and Civil Construction 60,984 114,436 (53,452) -46.71% 512 Motion Picture, Sound Record 25,213 37,836 (12,623) 33.36% 541 Professional, Scientific, Tech 145,551 217,205 (71,654) 32.99% 621 Ambulatory Health Care Service 48,918 72,931 (24,012) 32.92% 453* Miscellaneous Store Retailers 408,981 601,964 (192,983) 32.06% 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. W:\FIN Projects\Sales Tax Information\Sales Tax Files from Shawn12009 \Info Memo Sales Tax 122409.doc 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 Mfg 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 Couriers Messengers 493' Warehousing Storage TOTAL TRANSP WHSING Overall Transportation Change from Previous Year WHOLESALE TRADE 08 TOTAL 423' Whls Trade Durable Goods 1,777,808 424' Whls Trade Nondurable Goods 113,096 425* Wholesale Electronic Markets 2,805 WHOLESALE TRADE TOTAL 1,893,709 Overall Wholesale Change from Previous Year Sales Tax Mitigation NAICS Codes 12/23/2009 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 SALES TAX SUMMARY October 2009 (Received in December) YTD 08 YTD 09 YTD Diff 1,154,646 377,918 -67.3% 114,436 60,984 -46.7% 424,581 288,836 -32.0% 1,693,663 727,739 ($965,925) -510% YTD 08 YTD 09 YTD Diff 4,150 1,021 -75.4% 1,706 2,552 49.6% 59 205 247.1% 20,813 10,862 -47.8% 214 37 -82.9% 5 4 -25.7% 7,137 2.404 -66.3% 18,010 16,482 -8.5% 131,137 49,498 -62.3% 7,982 6,898 -13.6% 7,019 5,428 -22.7% 3,921 3.694 -5.8% 4,505 1,986 -55.9% 52 477 812.1% 5,498 3,096 -43.7% -9,366 5,304 156.6% 38,313 13,901 -63.7% 661 128 -80.6% 138,671 105.241 -24.1% 30,133 7,423 -75.4% 17,266 9,037 -47.7% 427,886 245,677 ($182,210) -42.6% 1 YTD 08 TOTAL 08 YTD 09 YTD Diff 0 0 0 0.0% 1,935 1,623 891 -45.1% 965 401 2,758 588.2% 11,502 9,778 9,225 -5.7% 28,728 22,965 17,212 -25.0% 88 88 0 -100.0% 476 469 91 -80.5% 781 662 926 39.9% 44,475 35,985 31,104 ($4,880) -13.6% YTD 08 YTD 09 YTD Diff 1,614,533 1,102,686 -31.7% 91,976 86,589 -5.9% t 2,498 1,759 -29.6% 1,709,006 1,191,034 ($51Z972) -30.3% NAICS 1 441' 1 447* NAICS 442' 443* 444' 445' 446' 448' 451' 452' 453* 454* AUTOMOTIVE Motor Vehicle Parts Dealer Gasoline Stations TOTAL AUTOMOTIVE RETAIL TRADE Furniture Home Furnishings Electronics Appliances Building Material Garden Food Beverage Stores Health Personal Care Clothing Accessories Sporting Goods, Hobby, Books General Merchandise Stores Miscellaneous Store Retailers Nonstore Retailers TOTAL RETAIL TRADE SERVICES 51X Information 52X Finance 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 08 TOTAL 621.785 1,077.238 619,645 88,317 146.841 2.101,593 644.522 2,231,745 721,034 116,347 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 517,752,678 Grand Total Change from Previous Year 08 YTD 878 1,062 18,777 29,048 49,765 08 YTD 614,766,418 TUK Soles rox Rpt 200910.x1s YTD 08 YTD 09 YTD Diff 831,557 592,371 -28.8% 63,274 52,748 -16.6% 894,831 645,119 ($249,712) -27.9% 08 YTD 09 YTD Diff 549,729 278,400 -49.4% 842,119 741,483 -12.0% 547,726 434,657 -20.6% 74,218 71,257 -4.0% 115,140 147,812 28.4% 1,676.733 1,566,219 -6.6% 511,454 450,295 -12.0% 1,780,309 1,575,898 -11.5% 601,964 408,981 -32.1% 91,785 177,929 93.9% 6,791,177 5,852,930 ($938,247) -13.8% YTD 08 YTD 09 YTD Diff 473,322 434,637 -8.2% 51,671 43,994 -14.9% 347,495 315,113 -9.3% 217,205 145,551 -33.0% 1,384 862 -37.7% 140,511 101,896 -27.5% 9,164 38,010 314.8% 91,788 66,072 -28.0% 94,651 80,558 -14.9% 1.578,140 1,468,131 -7.0% 158,375 152,180 -3.9% 397 28,776 7155.3% 3,164,104 2,875,781 ($288,323) -9.1% YTD 09 YTD Diff 397 -54.8% 143 -86.5% 13,503 -28.1% 9,501 -67.3% 23,545 ($26,220) -52.7% YTD 09 YTD Diff $11,592,930 ($3,173,488) 21.49% 2009 2008 L co 0 2007 2006 Four Year Comparison s- $4,000,000 $8,000,000 $12,000,000 Taxes Collected Year to Date $16,000,000