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Home My WebLink AboutFS 2010-03-02 Item 2B - Report - December 2009 Sales Tax RevenueTO: City of Tukwila INFORMATIONAL MEMORANDUM Mayor Haggerton Finance and Safety Committee FROM: Shawn Hunstock, Finance Director DATE: February 23, 2010 SUBJECT: Sales Tax Revenue for December 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) (2,597) 11.32% 23.76% Aug Oct 1,555 1,647 1,118 (529) (3,126) 32.12% 24.86% Sept Nov 1,426 1,685 1,110 (575) (3,701) 34.12% 25.95% Oct Dec 1,298 1,521 1,032 (489) (4,190) 32.15% 26.55% Nov Jan 10 1,265 1,589 1,140 (449) (4,639) 28.26% -26.71% Dec Feb10 1,723 2,175 1,690 (485) (5,124) 22.30% 26.22% Totals 17,753 19,546 14,422 Mitigation Received 1,589 16,011 81.91% of Budget Incl. Mitigation Jim Haggerton, Mayor Sales tax collections showed the sixteenth consecutive decrease in December 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 December 2009 were $485,000 less than budget, and $33,000 less than the same period last year. We are now down 26.22% for the year compared to budget, and 18.76% compared to the same period last year. The chart above also includes the mitigation payment we received at the end of December for the third quarter of 2009. Including the mitigation payment, we are currently at 81.91% of budget for the year to date. The mitigation payment we received on December 31s was $311,528.15. This was an increase of 42.4% 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 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 Motor Vehicle and Parts Dealer is down by 30.88 Miscellaneous Store Retailers is down by 29.82 and Wholesale Trade and Durable Goods is down by 24.65 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 December. Schedule III Group Name 236 Construction of Buildings 323* Printing and Related Support 334* Computer and Electronic Produc 339* Miscellaneous Manufacturing 442* Furniture and Home Furnishings 314 Textile Product Mills 238 Specialty Trade Contractors 522 Credit Intermediation 541 Professional, Scientific, Tech 441* Motor Vehicle and Parts Dealer Mitigated NAICS Code YTD YTD Dollar Current Prior Diff. Duff. 2,044,042 $2,231,745 (187,703) -8.41% 2,015,184 2,101,593 (86,409) -4.11% 1,339,565 1,777,808 (438, 243) 24.65% 1,291,855 1,309,329 (17,474) 1.33% 954,375 1,077,238 (122,864) 11.41% 686,478 993,146 (306,668) 30.88% 589,522 644,522 (55,000) -8.53% 506,177 619,645 (113,468) 18.31% 506,005 721,034 (215, 029) 29.82% 453,657 548,962 (95,305) 17.36% YTD YTD Dollar Current Prior Diff. 416,992 $1,302,567 (885, 576) 59,298 143,009 (83,711) 19,797 44,162 (24, 364) 10,665 22,411 (11,745) 350,625 621,785 (271,160) 12,852 22,660 (9,807) 347,910 530,490 (182,580) 41,901 63,568 (21, 667) 227,255 338,302 (111, 048) 686,478 993,146 (306,668) 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:1FIN Projects\Sales Tax Information\Sales Tax Files from Shawn1200911nfo Memo Sales Tax 022210.docx Diff. 67.99% 58.54% 55.17% 52.41% 43.61% 43.28% -34.42% 34.08% 32.82% 30.88% NAICS CONSTRUCTION 08 TOTAL 236 Construction of Buildings 1,302,567 237 Heavy Civil Construction 130,624 238 Specialty Trade Contractors 530490 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 Manufactunnq 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 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 TRANSPORTATION 8 WAREHOUSING 08 TOTAL 481 Air Transportation 0 482 Rail Transportation 1,935 484 Truck Transportation 965 485 Transit and Ground Passengers 11,502 488 Transportation Support 28,728 491 Postal Services 88 492 Couriers Messengers 476 I 493' Warehousing Storage 781 TOTAL TRANSP WHSING S 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 Mitigation NAICS Codes 02/23/2010 SALES TAX SUMMARY December 2009 (Received in February 2010) YTD 08 YTD 09 YTD Diff 1,302,567 416,992 -68.0% 130,624 98,105 -24.9% 530,490 347,910 -34.4% 1,963,680 863,006 ($1,100,674) -56.1% YTD 08 YTD 09 YTD Diff 4,997 1,173 -76.5% 2,328 3,070 31.9% 1,050 259 -75.3% 22,660 12,852 -43.3% 215 59 -72.5% 9 7 -18.2% 9,515 2,701 -71.6% I 21,545 20,392 -5.4% I 143,009 59,298 -58.5% I 9,630 8,157 -15.3% 8,068 6,368 -21.1% 4,085 3,928 -3.8% 5,242 2,279 -56.5% 52 534 920.8% 6,310 3,789 -39.9% -8,777 5,586 -163.6% 44,162 19,797 -55.2% I 895 137 84.7% 191,525 135.430 -29.3% 31,384 8,575 -72.7% J 22,411 10.665 -52.4% I 520,315 305,059 ($215,255) -41.4% YTD 08 YTD 09 YTD Diff 0 0 0.0% 1,935 924 -52.3% 965 3,294 241.2% 11,502 11,105 -3.4% 28,728 21,879 -23.8% 88 0 100.0% 476 149 -68.7% 781 1,051 34.5% 44,475 38,401 ($6,074) -13.7% YTD 08 YTD 09 YTD Diff 1,777,808 1,339.565 -24.7% 113,096 105.260 -6.9% 2,805 2,208 -21.3% 1,893,709 1,447,033 ($446,676) -23.6% NAICS AUTOMOTIVE 08 TOTAL 441' Motor Vehicle Parts Dealer 993,146 I 447' Gasoline Stations 73,034 TOTAL AUTOMOTIVE 1,066,181 Overall Automotive Change from Previous Year NAICS 442* 443' 444* 445* 446' 448' 451' 452' 453* 454* 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 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 Page 1 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 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 08 TOTAL GRAND TOTALS $17,752,678 Grand Total Change from Previous Year YTD 08 YTD 09 YTD Diff 993,146 686,478 -30.9% 73.034 62.584 -14.3% 1,066,181 749,063 ($317,118) -29.7% 08 YTD 09 YTD Diff 621,785 350,625 -43.6% 1,077,238 954,375 -11.4% 619,645 506,177 -18.3% 88,317 86,349 -2.2% 146,841 189,603 29.1% 2,101,593 2,015,184 -4.1% 644,522 589,522 -8.5% 2,231,745 2,044,042 -8.4% 721,034 506,005 -29.8% 116,347 209,564 80.1% 8,369,066 7,451,446 ($917,620) -11.0% YTD 08 YTD 09 YTD Diff 570,706 528,044 -7.5% 75,585 53,850 -28.8% 403,851 412,907 2.2% 338,302 227,255 -32.8% 1,902 985 -48.2% 167,119 123,115 -26.3% 12,727 47,324 271.8% 109,308 91,637 -16.2% 106,515 93,799 -11.9% 1,858,292 1,745,512 -6.1% I 192,450 183,887 -4.4% 843 32,268 3727.6% 3,837,599 3,540,583 ($297,016) -7.7% 08 YTD 1,147 1,095 19,574 35,837 57,652 08 YT D $17,752,678 YTD 09 YTD Diff 397 -65.4% 221 -79.8% 14,549 -25.7% 12331 -65.6% 27,499 ($30,154) -52.3% YTD 09 YTD Diff $14,422,090 ($3,330,587) 18.76% [UK Sales Tax Rpl 200912.xisn, 2006 Four Year Comparison $17,847,929 $5,000,000 $10,000,000 $15,000,000 Taxes Collected Year to Date $20,000,000