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Home My WebLink AboutFS 2010-02-02 Item 2D - Report - November 2009 Sales Tax RevenueTO: FROM: DATE: SUBJECT: Schedule I Mitigation Received City of Tukwila INFORMATIONAL MEMORANDUM Mayor Haggerton Finance and Safety Committee Shawn Hunstock, Finance Director January 27, 2010 Sales Tax Revenue for November 2009 Sales Receipt 2008 2009 2009 Month Month Actual Estimated Actual Jan Mar 1,347 1,403 1,172 Feb Apr 1,357 1,397 1,051 Mar May 1,601 1,654 1,146 Apr June 1,365 1,497 1,191 May July 1,635 1,560 1,082 June Aug 1,646 1,757 1,217 July Sept 1,535 1,661 1,473 Aug Oct 1,555 1,647 1,118 Sept Nov 1,426 1,685 1,110 Oct Dec 1,298 1,521 1,032 Nov Jan10 1,265 1,589 1,140 Dec Feb10 1,723 2,175 Totals 17,753 19,546 12,732 1,589 14,321 Increase /(Decrease) Month YTD (231) (346) (508) (306) (478) (540) (188) (529) (575) (489) (449) (231) (577) (1,085) (1,391) (1,869) (2,409) (2,597) (3,126) (3,701) (4,190) (4,639) in 1,000's %Increase /(Decrease) Month YTD 16.46% 24.77% -30.71 20.44% 30.64% 30.73% 11.32% 32.12% 34.12% 32.15% 28.26% 0.00% -20.61 24.36% 23.37% 24.88% 25.99% 23.76% 24.86% 25.95% 26.55% -26.71% 82.44% of Budget Incl. Mitigation Jim Haggerton, Mayor Sales tax collections showed the fifteenth consecutive decrease in November 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 November 2009 were $449,000 less than budget, and $125,000 less than the same period last year. We are now down 26.71% for the year compared to budget, and 20.57% 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 82.44% 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 11 Group Name 452* General Merchandise Stores 448* Clothing and Accessories 423* Wholesale Trade, Durable Goods 722* Food Services, Drinking Places 443* Electronics and Appliances 441* Motor Vehicle and Parts Dealer 451* Sporting Goods, Hobby, Books 444* Building Material and Garden 453* Miscellaneous Store Retailers 721* Accommodation Mitigated NAICS Code As you can see there are large variances from last year for the same time period. For instance, sales tax for Miscellaneous Store Retailers is down by 31.90 Motor Vehicle and Parts Dealer is down by 30.59 and Wholesale Trade and Durable Goods is down by 30.29 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 November. Schedule III Group Name 236 Construction of Buildings 323* Printing and Related Support 334* Computer and Electronic Produc 442* Furniture and Home Furnishings 314 Textile Product Mills 238 Specialty Trade Contractors 512 Motion Picture, Sound Record 453* Miscellaneous Store Retailers 441 Motor Vehicle and Parts Dealer 561 Administrative and Support Svc Mitigated NAICS Code W: \FIN Projects \Sales Tax Information \Sales Tax Files from Shawn120091Info Memo Sales Tax 012610.docx YTD YTD Dollar Current Prior Diff. Diff. 1,763,485 1,968,140 (204,655) 10.40% 1,733,349 1,848,767 (115,418) -6.24% 1,185,088 1,700,092 (515,004) 30.29% 1,174,027 1,205,944 (31,917) -2.65% 824,186 931,153 (106,967) 11.49% 633,512 912,703 (279,191) 30.59% 498,173 558,829 (60,656) 10.85% 470,491 585,617 (115,126) 19.66% 443,886 651,777 (207,892) 31.90% 423,389 510,510 (87,121) 17.07% YTD Current 386,100 53,293 17,761 311,667 11,615 312,544 27,773 443,886 633,512 102,197 YTD Dollar Prior Diff. 1,238,064 (851,964) 137,909 (84,616) 41,114 (23, 353) 587,159 (275,492) 21,522 (9,906) 469,315 (156,771) 40,818 (13,045) 651,777 (207,892) 912,703 (279,191) 147,092 (44,895) 0 /0 Diff. -68.81 61.36% 56.80% 46.92% 46.03% 33.40% 31.96% 31.90% 30.59% -30.52% 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. NAICS 236 237 238 CONSTRUCTION Construction of Buildings Heavy Civil Construction Specialty Trade Contractors TOTAL CONSTRUCTION TRANSPORTATION 8. WAREHOUSING 481 Air Transportation 482 Rail Transportation 484 Truck Transportation 485 Transit and Ground Passengers 488 Transportation Support 491 Postal Services 492 Couriers Messengers I 493* Warehousing Storage TOTAL TRANSP WHSING Sales Tax Mitigation NAICS Codes 1 01/27/2010 08 TOTAL 1,302,567 130,624 530,490 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* Fumiture Related Products 339" Miscellaneous Manufacturing TOTAL MANUFACTURING 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 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 SUMMARY November 2009 (Received in January 2010) YID 08 YTD 09 YTD %Diff 1,238,064 386,100 -68.8% 115,675 84,860 -26.6% 469,315 312,544 33.4% 1,823,054 783,504 ($1,039,549) YTD 08 TOTAL 08 YTD 09 YTD Diff 4,997 4,621 1,055 -77.2% 2,328 1,952 2,725 39.6% 1,050 59 207 250.4% 22,660 21,522 11,615 -46.0% 215 215 46 -78.5% 9 5 4 25.7% 9,515 7,487 2.555 -65.9% 21,545 19,916 18,239 -8.4% 143.009 137,909 53,293 -61.4% 9,630 8,918 7,141 -19.9% 8,068 7,593 5,848 -23.0% 4,085 4,006 3,794 -5.3% 5,242 4,863 2,119 -56.4% 52 52 529 913.0% 6,310 5,918 3,215 .45.7% -8,777 -9,072 5,391 159.4% 44,162 41,114 17.761 -56.8% 895 664 130 -80.4% 191.525 147,590 111,302 -24.6% 31,384 31,093 7,947 -74.4% 22,411 19,135 9,475 -50.5% 455,560 264,391 (5191,168) YTD 08 YTD 09 YTD Diff 0 0 0.0% 1,801 923 -48.8% 450 2,770 515.2% 10,559 10,036 -5.0% 25,846 18,428 -28.7% 88 0 -100.0% 469 119 -74.6% 742 982 32.4% 39,955 33,258 (56,697) YTD 08 YTD 09 YTD Diff 1,700,092 1,185,088 -30.3% 102,397 93,164 -9.0% 2,610 1,937 -25.8% 1,805,098 1,280,189 ($524,909) -57.0% -42.0% -29.1% NAICS I 441' I 447* AUTOMOTIVE Motor Vehicle Parts Dealer Gasoline Stations TOTAL AUTOMOTIVE NAICS RETAIL TRADE 08 TOTAL 442' Furniture Home Furnishings 621,785 443' Electronics Appliances 1,077,238 444' Building Material Garden 619,645 445' Food Beverage Stores 88,317 446' Health Personal Care 146,841 448* Clothing Accessories 2,101,593 451' Sporting Goods, Hobby, Books 644,522 452' General Merchandise Stores 2,231,745 453' Miscellaneous Store Retailers 721,034 454' Nonstore Retailers 116,347 TOTAL RETAIL TRADE 8,369,066 Overall General Retail Change from Previous Year Page 1 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 08 TOTAL 993,146 73,034 1,066,181 Overall Automotive 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 -16.8% MISCELLANEOUS TOTAL 57,652 Overall Miscellaneous Change from Previous Year 08 TOTAL GRAND TOTALS $17,752,678 Grand Total Change from Previous Year YTD OB YTD 09 YTD Diff 912,703 633,512 -30.6% 68,072 57,168 -16.0% 980,775 690,680 0290,095) -29.6% 08 YTD 09 YTD Diff 587,159 311,667 -46.9% 931,153 824,186 -11.5% 585.617 470,491 -19.7% 81,103 79,253 -2.3% 125,479 161,952 29.1% 1,848,767 1,733,349 -6.2% 558,829 498,173 -10.9% 1,968,140 1,763,485 -10.4% 651,777 443,886 -31.9% 100,605 188,523 87.4% 7,438,629 6,474,964 (5963,665) -13.0% YTD 08 YTD 09 YTD Diff 514,835 471,858 -8.3% 55,791 48,228 -13.6% 374,187 377,469 0.9% 232,862 173,312 -25.6% 1,882 875 -53.5% 153,158 109,076 -28.8% 10,642 42,615 300.5% 98,236 76,373 -22.3% 98,768 86,550 -12.4% 1,716,454 1,597.416 -6.9% I 173,559 165,590 -4.6% 397 31,045 7727.3% 3,430,772 3,180,407 (5250,365) 7.3% 08 YTD 878 1,063 19,299 34,966 56,206 08 YTD 816,030,049 YID 09 YTD Diff 397 -54.8% 144 -86.5% 13,978 -27.6% 10,778 -69.2 25,297 (530,910) -55.0% YTD 09 YTD Diff 812,732,691 (03,297,358) 20.57% TUK Sales Tax Rpl 20091 I .Ism 2009 2008 L al a) 2007 2006 Four Year Comparison $6,000,000 $12,000,000 Taxes Collected Year to Date $15,691,931 $18,000,000