HomeMy WebLinkAbout2023-10_OCT_LTAC_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 October 2023 Revenue Report
• General Fund at $24,506,857 – 99.4% of the annual budget. Interest income accounts for a significant
portion of the higher than usual collections. The second sheet shows general fund revenue charts showing 2015-2023 detail and percentage of actual full year collections.
• Other Funds at $41,977,348 – 71.5% of annual budget. 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 - $11,320,017 at end of month which includes $4,073,587 for the 15% of
expenditure reserve. The reserve amount increased $27,758 with third quarter general fund expenditure
appropriations of $185,052.
• General Sales Tax Receipts - $479,960 General and Optional Sales Tax and $136,783 for Special Purpose
this month. Cumulatively, this is 4.15% over YTD budget and 7.7% over 2022 YTD. Projected revenue
for the year is $265k over budget.
• 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.
• REET Receipts - Fund 302 - $167,745 for the month which is 20% under budget for the month and 1.6%
less than this month last year. Year to Date it’s 13.3% under budget and 22% less than last year. We had ten sales over $1 million in unincorporated Jefferson County compared to nine this month last year.
Those three sales accounted for 44% of the month’s local excise revenue. Current projection is $236k
under budget.
• Hotel/Motel Lodging Tax – Fund 125 - $96,611 for the month. This is 57% over budget for the month and 55.8% over budget YTD. This is 23% more than 2022 YTD. Year-end projection is $365k over budget.
• 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 October 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 Chg22Construction123,913 95,485 30%1,143,337 989,903 15%153,433 54%1,393,172 Construction 8,250 17,065 -52%88,160 81,781 8%6,379 23%108,285
31, 32, 33 Manufacturing 12,730 10,769 18%102,027 83,849 22%18,178 6%124,089 Manufacturing 1,830 1,688 8%11,650 10,239 14%1,411 5%13,688
33 Wholesale Trade 21,067 21,544 -2%204,775 198,939 3%5,836 2%244,694 Wholesale Trade 3,552 3,059 16%32,109 30,940 4%1,169 4%38,20644, 45 Retail Trade 127,582 132,609 -4%1,253,589 1,232,697 2%20,892 7%1,502,483 Retail Trade 18,756 18,026 4%177,070 168,891 5%8,179 30%213,23548, 49 Transportation & Warehousing 937 690 36%9,882 9,165 8%716 0%11,922 Transportation and Warehousing 925 779 19%5,800 4,210 38%1,590 6%6,348
49 Information 10,505 12,400 -15%106,607 109,040 -2%(2,432)-1%131,419 Information 1,288 1,124 15%12,056 11,325 6%732 3%14,405
51 Finance & Insurance 1,190 1,931 -38%12,836 13,751 -7%(915)0%15,613 Finance and Insurance 348 367 -5%2,831 3,798 -25%(967)-4%3,55652Real Estate, Rental & Leasing 8,005 5,626 42%58,034 58,246 0%(212)0%73,193 Real Estate and Rental and Leasing 524 572 -8%4,079 4,739 -14%(660)-2%5,18453Professional, Scientific & Technical Services 8,680 7,797 11%76,294 61,345 24%14,949 5%89,568 Professional, Scientific, and Technical Services 826 899 -8%9,575 9,430 2%145 1%11,092
55 Admin & Support, Waste Mgmt & Remediation Svcs 32,060 30,079 7%286,114 279,927 2%6,187 2%342,149 Admin & Support, Waste Mgmt & Remediation Sv 2,033 2,116 -4%20,536 18,759 9%1,777 6%24,907
56 Educational Services 443 753 -41%5,012 3,657 37%1,355 0%6,136 Educational Services 85 50 71%682 853 -20%(171)-1%82361Health Care and Social Assistance 109 76 45%1,310 1,614 -19%(303)0%1,660 Health Care and Social Assistance 802 572 40%6,031 4,831 25%1,200 4%7,13562Arts, Entertainment & Recreation 4,204 3,942 7%23,482 21,996 7%1,486 1%28,014 Arts, Entertainment, and Recreation 512 521 -2%4,206 3,484 21%722 3%5,091
71 Accommodation & Food Services 39,303 18,330 114%302,619 244,270 24%58,348 21%370,807 Accommodation and Food Services 10,831 12,409 -13%67,356 58,877 14%8,479 31%83,149
55, 81, 92 Public Administration & Other Services 9,095 7,289 25%77,605 75,285 3%2,320 1%92,265 Public Administration & Other Services 1,810 1,848 -2%17,566 18,513 -5%(947)-3%21,312
0 Unclassified 22,378 38,013 -41%168,175 194,220 -13%(26,045)-9%221,379 Natural Resources, Utilities & Unclassified 1,178 1,183 0%6,227 7,807 -20%(1,580)-6%9,06400Agriculture, Forestry, Fishing & Hunting 324 150 116%5,226 5,909 -12%(683)0%7,757 City of Port Townsend Totals 53,550 62,276 -14%465,934 438,474 6%27,460 100%565,482
11 Mining, Quarrying, Oil & Gas Extraction 2,561 1,397 83%19,645 10,552 86%9,093 3%22,233 Totals for Jefferson County and City of PT added together equal the total sales tax revenue received by Jefferson Co.
21 Utilities 1,322 716 85%22,535 2,875 684%19,660 7%24,429 NAICS & SIC Identification Tools page https://www.naics.com/search/Jefferson County, WA Totals 426,409 389,596 9%3,879,104 3,597,242 8%281,863 100%4,702,983 $479,959.51 Calculated General & Optional Sales Tax Revenue to Jefferson County for this period
NAICS CODE Current Period Year to Date Last 12 Months
1600, 1650, 1603, 1604 Jefferson County
Jefferson County
Year to DateCurrent Period Last 12 Months
30%18%
-2%-4%
36%
-15%-38%
42%11%7%
-41%
45%7%
114%
25%
-41%
116%83%85%
-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
1600, 1650, 1603, 1604
-52%
8%16%4%19%15%
-5%-8%-8%-4%
71%40%
-2%-13%-2%
-600%
-400%
-200%
0%
200%
400%
600%
-20,000
-15,000
-10,000
-5,000
0
5,000
10,000
15,000
20,000
City of PT Amounts and Percentage Change from last year
This Year Last Year % Chg
1600, 1650, 1603, 1604
Construction
Manufacturing
Wholesale Trade
Retail TradeTransportation and Warehousing
InformationFinance 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
Information
Finance & 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 ServicesPublic Administration & Other Services
Unclassified
Agriculture, Forestry, Fishing & Hunting Mining, Quarrying, Oil & Gas Extraction
Utilities
Unincorporated Jefferson County, WA
Sales Tax by Sector For August 2023 with Distribution in October 2023
10 October 2023 11/7/2023
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 95,160 56,851 71,722 95,160 32.7%11.8%$1,086,916 431,916$
September 41,757 42,500 40,882 39,890 42,349 44,713 53,487 56,561 68,870 88,306 79,681 90,656 114,776 102,143 71,278 89,924 102,143 13.6%12.7%$1,019,194 364,194$
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 96,611 48,707 61,448 96,611 57.2%42.2%$1,020,456 365,456$
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 84,448 365,456$
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 53,768 365,456$
Full Year 321,231 293,344 273,796 295,200 335,825 386,107 449,148 507,868 542,805 579,805 490,842 779,723 806,169 805,123 519,183 655,000 805,123
YTD 257,007 233,094 225,781 240,540 255,088 301,928 365,065 405,944 433,636 472,247 360,996 624,110 653,402 805,123 409,627 516,784 805,123 55.8%23.2%
Full Year Actual/20 321,231 293,344 273,796 295,200 335,825 386,107 449,148 507,868 542,805 579,805 490,842 779,723 806,169 655,000
YTD Change 1.08%-3.14%6.54%6.05%18.36%20.91%11.20%6.82%8.90%-23.56%72.89%4.69%23.22%
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
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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
December
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2023 SPECIAL HOTEL/MOTEL & TRANSIENT RENTAL SALES TAX -Fund 125
Includes Investment Interest
0
100,000200,000
300,000
400,000500,000600,000
700,000
800,000900,000
2023 YTD Actual and Budget
YTD Actual YTD Budget Projected Over/Under Budget
0
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2023 Monthly Actual and Budget
2023 Actual Budget
October