HomeMy WebLinkAboutLTAX+SalesTax.2023-07_JUL_Treasurer_RevenueReportsJEFFERSON COUNTY TREASURER
PO Box 571, Port Townsend WA 98368 Email: TreasurerStaff@co.jefferson.wa.us Web: www.co.jefferson.wa.us Stacie Prada – Treasurer (360) 385-9150 Chief Deputy Thomas Goodworth (360) 385-9153
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JEFFERSON COUNTY BUDGET COMMITTEE
Treasurer’s July 2023 Revenue Report
• General Fund at $16,855,614 – 68.8% of the annual budget. The second sheet shows general fund
revenue charts showing 2015-2023 detail and percentage of actual full year collections.
• Other Funds at $26,147,658 – 46.5% of annual budget. Fund 123 Grant Management accounts for a lot
of the increase in years 2021-2023. Funds are grouped at the top by fund type, and YTD percentages are
provided. The graph on the second page shows the full year and YTD percentage lines.
• General Fund Cash Balance - $10,267,490 at end of month which includes $4,045,829 for the 15% of
expenditure reserve.
• General Sales Tax Receipts - $463,547 General and Optional Sales Tax and $127,524 for Special Purpose
this month. Cumulatively, this is 4% over YTD budget and 7% over 2022 YTD.
• Sales Tax by Sector: Positive percentages are increases over last year to date, negative are decreases.
Color shading is white for zero, green for positive and red for negative.
Sales Tax Revenue by Sector Unincorp Jefferson County
City of Port Townsend
All Sales YTD 7% 9%
RETAIL YTD 3% 5%
CONSTRUCTION YTD 10% 22%
ACCOMMODATION & FOOD SERVICES YTD 29% 21%
• REET Receipts - Fund 302 - $154,053 for the month which is 12% under budget for the month and 25%
less than this month last year. Year to Date it’s 6.4% under budget and 25% less than last year. We had
two sales over $1 million in unincorporated Jefferson County compared to four this month last year.
Current projection is $117k under budget.
• Hotel/Motel Lodging Tax – Fund 125 - $72,053 for the month. This is 28% over budget for the month and
74% over budget YTD. This is 31% more than 2022 YTD. Year-end projection is $485k over budget, but
we’ll see how it goes as we get further in the year.
• DNR Timber Trust 1 – Amounts are distributed by the levy rates for the tax code areas where the timber
activity occurs. The first page shows distributions for full years 2017-2022 and July YTD for 2023.
City of Port Townsend
This Year Last Year % Chg This Year Last Year % Chg $ Chg % Tot Chg This Year Last Year % Chg This Year Last Year % Chg $ Chg % Tot Chg23Construction117,137 119,933 -2%737,199 669,636 10%67,563 42%1,307,242 Construction 7,357 7,277 1%59,908 48,918 22%10,990 46%112,893
31, 32, 33 Manufacturing 9,584 -1,899 -605%63,386 47,955 32%15,431 10%121,344 Manufacturing 1,145 910 26%7,084 6,291 13%793 3%13,069
42 Wholesale Trade 22,179 23,536 -6%146,234 141,265 4%4,969 3%243,826 Wholesale Trade 3,265 2,681 22%22,292 21,820 2%472 2%37,50844, 45 Retail Trade 145,780 123,019 19%870,454 846,213 3%24,241 15%1,505,769 Retail Trade 18,590 17,118 9%119,851 113,782 5%6,069 25%211,13148, 49 Transportation & Warehousing 1,080 820 32%7,628 7,400 3%228 0%11,434 Transportation and Warehousing 765 456 68%2,468 1,796 37%672 3%5,430
51 Information 11,512 9,542 21%74,106 75,449 -2%(1,343)-1%132,508 Information 1,132 1,009 12%8,216 7,631 8%585 2%14,258
52 Finance & Insurance 1,151 1,225 -6%8,553 9,001 -5%(448)0%16,081 Finance and Insurance 307 347 -12%1,840 2,567 -28%(727)-3%3,79753Real Estate, Rental & Leasing 7,035 7,800 -10%35,500 40,092 -11%(4,592)-3%68,814 Real Estate and Rental and Leasing 290 149 95%2,363 3,400 -31%(1,037)-4%4,80754Professional, Scientific & Technical Services 7,144 3,042 135%53,445 40,615 32%12,830 8%87,749 Professional, Scientific, and Technical Services 812 874 -7%6,039 6,206 -3%(167)-1%10,781
56 Admin & Support, Waste Mgmt & Remediation Svcs 28,327 27,116 4%186,475 183,450 2%3,025 2%338,662 Admin & Support, Waste Mgmt & Remediation Sv 2,177 1,955 11%14,044 12,609 11%1,435 6%24,560
61 Educational Services 634 102 522%2,899 1,884 54%1,015 1%5,795 Educational Services 41 59 -31%404 716 -44%(312)-1%68162Health Care and Social Assistance 109 92 18%873 1,161 -25%(288)0%1,662 Health Care and Social Assistance 440 388 13%4,136 3,322 25%814 3%6,74871Arts, Entertainment & Recreation 2,413 2,187 10%11,411 10,242 11%1,169 1%27,697 Arts, Entertainment, and Recreation 601 189 218%2,529 1,752 44%777 3%5,146
72 Accommodation & Food Services 27,200 33,958 -20%181,889 140,869 29%41,020 25%353,478 Accommodation and Food Services 7,016 6,644 6%38,693 31,962 21%6,731 28%81,400
55, 81, 92 Public Administration & Other Services 7,206 6,173 17%50,946 54,333 -6%(3,387)-2%86,594 Public Administration & Other Services 1,813 1,598 13%11,808 13,111 -10%(1,303)-5%20,944
0 Unclassified 22,749 14,934 52%102,713 119,524 -14%(16,811)-10%230,613 Natural Resources, Utilities & Unclassified 767 984 -22%3,560 5,386 -34%(1,826)-8%8,81811Agriculture, Forestry, Fishing & Hunting 450 533 -16%3,279 4,974 -34%(1,695)-1%6,869 City of Port Townsend Totals 46,517 42,638 9%305,235 281,269 9%23,966 100%561,971
21 Mining, Quarrying, Oil & Gas Extraction 6,102 1,231 396%12,649 6,665 90%5,984 4%19,124 Totals for Jefferson County and City of PT added together equal the total sales tax revenue received by Jefferson Co.
22 Utilities 3,056 768 298%14,362 1,781 706%12,581 8%17,350 NAICS & SIC Identification Tools page https://www.naics.com/search/Jefferson County, WA Totals 420,846 374,112 12%2,564,001 2,402,509 7%161,492 100%4,582,611 $467,363.00 Calculated General & Optional Sales Tax Revenue to Jefferson County for this period
NAICS CODE Current Period Year to Date Last 12 Months
Current Period: 202305 Cash Basis, Revenue Amounts
Jefferson County
Year to DateCurrent Period Last 12 Months
-2%-6%
19%32%21%
-6%-10%
135%
4%
522%
18%10%
-20%
17%52%
-16%
396%
298%
-600%
-400%
-200%
0%
200%
400%
600%
-150,000
-100,000
-50,000
0
50,000
100,000
150,000
Jefferson County Amounts and Percentage Change from last year
This Year Last Year % Chg
Current Period: 202305 Cash Basis, Revenue Amounts
1%26%22%9%68%12%
-12%
95%
-7%
11%
-31%
13%
218%
6%13%
-600%
-400%
-200%
0%
200%
400%
600%
-50,000
-40,000
-30,000
-20,000
-10,000
0
10,000
20,000
30,000
40,000
50,000
City of PT Amounts and Percentage Change from last year
This Year Last Year % Chg
Current Period: 202305 Cash Basis, Revenue
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation and Warehousing
Information
Finance and Insurance
Real Estate and Rental and Leasing
Professional, Scientific, and Technical Services
Admin & Support, Waste …
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Public Administration & Other Services
Natural Resources, Utilities & Unclassified
City of Port Townsend, WA
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation & Warehousing
InformationFinance & Insurance
Real Estate, Rental & Leasing
Professional, Scientific & Technical Services
Admin & Support, Waste Mgmt & Remediation Svcs
Educational Services
Health Care and Social Assistance
Arts, Entertainment & Recreation
Accommodation & Food Services
Public Administration & Other Services
Unclassified
Agriculture, Forestry, Fishing & Hunting Mining, Quarrying, Oil & Gas Extraction
Utilities
Unincorporated Jefferson County, WA
Sales Tax by Sector For May 2023 with Distribution in July 2023
7 July 2023 8/10/2023
4 yr avg *2023 2023 % Budget % Diff Projection
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2018-21 Budget Actual Difference Prior Year Projection +/- EOY Bdgt
January 16,089 11,507 12,045 8,863 13,575 17,051 18,473 19,394 23,177 29,854 32,023 38,926 39,532 41,422 27,620 34,845 41,422 18.9%6.4%$778,614 123,614$
February 27,998 25,532 23,188 38,274 30,356 36,141 51,077 53,093 46,226 41,186 34,092 45,296 43,552 55,082 30,735 38,775 55,082 42.1%21.6%$858,594 203,594$
March 22,623 12,406 7,271 11,203 12,715 14,345 14,554 16,889 19,419 25,281 29,621 46,465 40,951 73,832 29,259 36,913 73,832 100.0%58.9%$1,009,376 354,376$
April 11,344 10,791 14,950 11,430 12,427 14,983 18,530 20,901 23,749 22,829 29,140 43,464 55,711 145,748 32,079 40,471 145,748 260.1%235.3%$1,371,055 716,055$
May 19,646 25,142 17,142 18,010 19,151 23,886 29,462 45,943 41,061 41,546 11,527 66,011 61,311 59,465 34,712 43,793 59,465 35.8%-9.9%$1,262,776 607,776$
June 19,205 17,302 17,916 16,477 18,786 25,070 29,476 31,485 36,556 43,299 742 69,468 64,789 63,605 33,750 42,579 63,605 49.4%-8.4%$1,211,777 556,777$
July 20,155 19,311 20,201 21,512 24,536 27,711 33,687 38,400 44,445 48,748 24,074 70,768 83,704 72,053 44,636 56,313 72,053 28.0%1.8%$1,140,123 485,123$
August 35,178 24,742 31,171 33,140 37,534 48,845 56,349 64,820 64,934 70,516 41,591 85,104 100,707 56,851 71,722 485,123$
September 41,757 42,500 40,882 39,890 42,349 44,713 53,487 56,561 68,870 88,306 79,681 90,656 114,776 71,278 89,924 485,123$
October 43,012 43,861 41,015 41,741 43,659 49,182 59,970 58,458 65,200 60,682 78,504 67,952 48,371 48,707 61,448 485,123$
November 44,351 38,547 36,906 39,146 46,879 58,967 57,999 69,054 63,101 65,013 75,302 102,485 89,963 66,937 84,448 485,123$
December 19,873 21,703 11,109 15,514 33,858 25,213 26,084 32,870 46,067 42,545 54,544 53,129 62,804 42,619 53,768 485,123$
Full Year 321,231 293,344 273,796 295,200 335,825 386,107 449,148 507,868 542,805 579,805 490,842 779,723 806,169 511,208 519,183 655,000 511,208
YTD 137,060 121,991 112,713 125,769 131,546 159,187 195,259 226,104 234,632 252,743 161,219 380,398 389,549 511,208 232,791 293,689 511,208 74.1%31.2%
Full Year Actual/20 321,231 293,344 273,796 295,200 335,825 386,107 449,148 507,868 542,805 579,805 490,842 779,723 806,169 650,000
YTD Change 1.08%-7.61%11.58%4.59%21.01%22.66%15.80%3.77%7.72%-36.21%135.95%2.41%31.23%
Annual % Change 0.24%-6.66%7.82%13.76%14.97%16.33%13.07%6.88%6.82%-15.34%58.85%3.39%$655,000 2023 Budget
2% Basic RCW 67.28.1RCW 67.28.180 2% Special RCW 67.28.181(1).11% Total sales tax paid on a lodging charges for periods of less than 30 consecutive days
Revenue reflects 2% "basic" as a credit against 6.5% state sales tax, 2% "special" tax levied locally, interest on amounts held at DOR until disbursement, and 1% Admin fee from DOR.
Revenue is reported one month after reporting to DOR. It typically reflects collections for activity from two months prior to distribution. Some businesses may report quarterly or annually.
0
100,000
200,000
300,000
400,000
500,000
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700,000
800,000
900,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
December
November
October
September
August
July
June
May
April
March
February
January
2023 SPECIAL HOTEL/MOTEL & TRANSIENT RENTAL SALES TAX -Fund 125
Includes Investment Interest
0
100,000
200,000
300,000
400,000
500,000
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2023 YTD Actual and Budget
YTD Actual YTD Budget Projected Over/Under Budget
0
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40,000
60,000
80,000
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120,000
140,000
160,000
2023 Monthly Actual and Budget
2023 Actual Budget
July