Loading...
HomeMy WebLinkAbout2023-12_LTAX-GenSalesTax_DEC_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 Page | 1 JEFFERSON COUNTY BUDGET COMMITTEE Treasurer’s December 2023 Revenue Report • General Fund at $28,017,205 – 113.5% of the annual budget. Investment income accounts for a 10.6% of the total amount over budget. The second sheet shows general fund revenue charts showing 2015-2023 detail and percentage of actual full year collections. • Other Funds at $48,396,653 – 84% 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 - $10,426,970 at end of December and $9,277,343 after 13th month expenditures. The 15% reserve which $4,143,724 after 4th quarter appropriations. • General Sales Tax Receipts - $567,210 General and Optional and Special Purpose Sales Tax for December. Cumulatively, this is 4.29% and $280,287 over budget. The amount is 7.18% over full year 2022. • 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 - $107,841 for the month which is 34% under budget for the month and 55% less than this month last year. Year to Date it’s 15.6% under budget and 25.4% less than last year. We had three sales over $1 million in unincorporated Jefferson County compared to seven this month last year. Year end was $276k under budget for the year. Full year sales value was just under $300 million for unincorporated Jefferson County and 24% less than 2022. • Hotel/Motel Lodging Tax – Fund 125 - $52,903 in December and $38,325 to be received at the end of January. December was slightly under budget, and the year ended 43.6%/$285,745 over budget. This is 16.7% more than 2022. • DNR Timber Trust 1 – Amounts are distributed by the levy rates for the tax code areas where the timber activity occurs. Amounts are shown for full years 2017-2023 with the first page showing distributions by levy, and the second page showing distributions by fund/district and by district type. • DNR NAP/NRCA Payment In Lieu of Taxes (PILT) and Noxious Weed Distribution Report – Payment received in December. Amounts are billed annually by the Jefferson County Assessor, and distribution of DNR PILT is based on the levy rates in the tax code areas of the parcels owned by Washington State and paid by DNR. The Noxious Weed amount all goes to Fund 109, Noxious Weed overseen by WSU Extension. 12 December 12/22/2023 2023 General Fund Treasurer 001.250 Sales 31311 Special Purpose 31315 9 MONTHLY SALES TAX RECEIPTS Revenue Cumulative Cumulative 3 yr. avg Expected Actual Over/Under % of 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2020-2022 2023 2023 Expected expected ProjectionJanuary154,373 180,283 156,597 207,318 152,937 133,849 137,774 137,615 177,776 176,956 163,811 185,292 185,505 207,899 258,313 303,235 326,695 354,280 393,215 7.4%389,774 393,215 $3,441 100.88%$5,279,490February224,687 244,043 249,049 206,809 219,448 215,617 201,110 206,281 227,634 218,000 239,784 263,305 310,729 279,301 314,528 355,834 380,545 398,029 412,586 8.6%449,256 412,586 -$33,229 96.04%$5,026,031March142,119 161,270 157,709 170,679 177,252 122,153 136,282 115,959 194,619 156,957 164,393 194,466 189,576 206,999 241,958 251,543 291,915 350,367 382,123 6.8%353,978 382,123 -$5,085 99.57%$5,210,986April156,731 170,147 181,390 162,253 148,592 131,100 127,885 124,117 174,718 154,216 167,550 181,384 193,862 202,532 209,415 249,173 308,631 333,775 377,962 6.7%353,089 377,962 $19,789 101.28%$5,300,273May198,754 211,995 207,595 212,586 181,514 175,118 178,468 151,451 195,175 178,074 207,951 226,291 249,596 271,431 295,191 267,758 391,264 429,025 439,294 8.2%430,895 439,294 $28,187 101.43%$5,307,905June 164,380 165,275 175,802 167,706 172,947 133,593 154,669 133,909 166,750 156,362 196,231 196,762 208,349 248,506 263,069 243,568 359,215 401,566 393,711 7.6%397,749 393,711 $24,149 101.02%$5,286,508July187,091 235,150 199,236 174,881 159,276 136,373 166,276 155,881 188,957 174,130 185,889 204,143 236,448 262,489 308,592 323,542 395,282 416,750 463,547 8.6%449,717 463,547 $37,979 101.34%$5,303,659August220,873 241,022 250,665 244,562 199,901 184,345 187,132 192,602 219,583 238,784 257,369 276,309 293,953 309,575 355,294 348,337 441,657 467,081 527,973 9.5%497,835 527,973 $68,116 102.05%$5,340,587September211,602 211,286 200,636 213,505 187,214 173,733 169,379 242,312 198,879 212,018 227,766 247,376 241,325 307,750 319,609 372,118 395,639 432,971 474,669 9.1%475,520 474,669 $67,265 101.77%$5,325,979October213,751 244,393 214,468 212,410 168,681 161,452 182,962 203,958 214,572 208,256 239,390 254,002 267,264 306,832 334,704 365,211 402,815 451,872 479,960 9.2%483,112 479,960 $64,112 101.50%$5,311,665November253,367 234,710 263,159 239,855 213,651 200,463 180,293 206,475 220,843 231,070 240,812 293,377 279,959 311,101 363,975 369,025 428,588 487,075 524,110 9.7%508,771 524,110 $79,452 101.66%$5,320,100December183,910 170,134 197,603 197,943 155,866 150,355 146,560 176,593 169,167 196,112 195,665 215,537 219,772 280,843 337,112 323,421 360,336 436,352 445,152 8.5%443,593 445,152 $81,011 101.55%$5,314,301TTL2,311,638 2,469,708 2,453,909 2,410,507 2,137,279 1,918,151 1,968,790 2,047,153 2,348,673 2,300,936 2,486,611 2,738,244 2,876,339 3,195,259 3,601,761 3,772,767 4,482,583 4,959,143 5,314,301 100.0%$5,233,290 $5,314,301ytd 2,311,638 2,469,708 2,453,909 2,410,507 2,137,279 1,918,151 1,968,790 2,047,153 2,348,673 2,300,936 2,486,611 2,738,244 2,876,339 3,195,259 3,601,761 3,772,767 4,482,583 4,959,143 5,314,301 5,233,290 5,314,301 81,011 ytd change 6.84%-0.64%-1.77%-11.33%-10.25%2.64%3.98%14.73%-2.03%8.07%10.12%5.04%11.09%12.72%4.75%18.81%10.63%7.16%1.55%over (under) ytd expectedannual % chg.6.84%-0.64%-1.77%-11.33%-10.25%2.64%3.98%14.73%-2.03%8.07%10.12%5.04%11.09%12.72%4.75%18.81%10.63%Cumulative Cumulative Special Purp./Public Safety Tax - Total county collections split 60/40 with City of Port Townsend 3 yr avg.Projection Actual Over/Under % of20052006200720082009201020112012201320142015201620172018201920202021202220232019-21 2023 2023 Expected expected Projection January 45,217 50,919 50,377 51,210 58,026 61,161 66,993 79,236 84,751 89,951 99,009 121,134 7.5%97,326 121,134 $23,808 124.46%$1,622,092February61,899 70,678 67,508 73,364 83,521 93,242 90,853 94,690 101,181 104,630 113,672 120,428 8.7%113,602 120,428 $30,634 114.52%$1,492,566March40,604 56,106 49,782 50,931 62,285 61,183 66,479 70,614 72,888 80,801 95,448 106,525 6.8%88,588 106,525 $48,570 116.22%$1,514,630April43,155 51,054 47,573 52,541 59,481 59,911 63,784 65,310 69,887 83,697 95,308 104,345 6.8%88,501 104,345 $64,414 116.60%$1,519,642May51,908 58,324 56,012 62,613 74,233 78,716 84,357 88,754 75,138 107,326 119,872 118,284 8.2%107,505 118,284 $75,194 115.17%$1,501,055June 45,930 46,797 50,067 48,647 58,717 65,832 65,229 75,141 77,429 68,693 99,946 110,725 112,649 7.6%99,336 112,649 $88,506 114.88%$1,497,196July55,488 49,385 68,295 54,074 56,793 69,908 73,136 81,117 89,815 86,275 107,036 115,043 127,524 8.4%109,644 127,524 $106,386 115.10%$1,500,094August59,578 56,220 56,063 68,712 76,734 87,275 89,679 97,261 107,514 94,459 123,789 129,406 145,792 9.5%123,619 145,792 $128,559 115.52%$1,505,610September55,746 54,902 61,455 64,622 72,022 77,854 77,534 97,036 94,733 96,212 112,903 124,207 136,082 9.1%118,523 136,082 $146,118 115.44%$1,504,453October59,692 61,120 64,400 64,152 73,903 82,028 82,991 95,473 97,187 101,038 111,516 139,292 136,783 9.6%125,109 136,783 $157,792 114.72%$1,495,166November58,107 60,952 64,915 71,491 77,947 89,596 90,736 98,020 105,075 102,364 120,031 140,213 150,957 9.9%128,936 150,957 $179,813 114.98%$1,498,463December46,767 49,281 52,177 59,043 62,263 66,133 69,582 83,431 93,783 67,940 101,650 118,938 122,058 7.9%102,595 122,058 $199,275 115.44%$1,504,491TOTAL381,308 621,440 704,453 701,993 769,039 876,170 903,099 999,945 1,064,140 1,020,826 1,243,276 1,401,133 1,502,561 100.0%1,303,286 1,502,561 ytd 381,308 621,440 704,453 701,993 769,039 876,170 903,099 999,945 1,064,140 1,020,826 1,243,276 1,401,133 1,502,561 1,303,286 $1,502,561ytd change 13.36%-0.35%9.55%13.93%3.07%10.72%6.42%-4.07%21.79%12.70%7.24%15.29%over (under) ytd expectedannual % chg.62.98%13.36%-0.35%9.55%13.93%3.07%10.72%6.42%-4.07%21.79%12.70% Sales Tax receipts are for the approximate timeframe of two months prior depending on the business reporting schedules.3 yr. avg YTD Budget YTD Actual Over/Under % of Year End Sales Tax 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2020-2022 2023 2023 Expected expected Projection General & Option 2,311,638 2,469,708 2,453,909 2,410,507 2,137,279 1,918,151 1,968,790 2,047,153 2,348,673 2,300,936 2,486,611 2,738,244 2,876,339 3,195,259 3,601,761 3,772,767 4,482,583 4,959,143 5,314,301 5,233,290 5,314,301 81,011 101.5%$5,314,301 Special Purpose - - - - - - 381,308 621,440 704,453 701,993 769,039 876,170 903,099 999,945 1,064,140 1,020,826 1,243,276 1,401,133 1,502,561 1,303,286 1,502,561 199,275 115.3%$1,502,561G&O and SP Sal 2,311,638 2,469,708 2,453,909 2,410,507 2,137,279 1,918,151 2,350,098 2,668,593 3,053,126 3,002,929 3,255,650 3,614,414 3,779,438 4,195,203 4,665,900 4,793,593 5,725,858 6,360,276 6,816,863 6,536,576 6,816,863 280,287 104.3%6,816,863 Full Year Total A 2,311,638 2,469,708 2,453,909 2,410,507 2,137,279 1,918,151 2,350,098 2,668,593 3,053,126 3,002,929 3,255,650 3,614,414 3,779,438 4,195,203 4,665,900 4,793,593 5,725,858 6,355,574 6,355,574 6,536,576 ytd change 6.8%-0.6%-1.8%-11.3%-10.3%22.5%13.6%14.4%-1.6%8.4%11.0%4.6%11.0%11.2%2.7%19.4%11.1%7.2%4.29%over (under) ytd expectedannual % chg.6.8%-0.6%-1.8%-11.3%-10.3%22.5%13.6%14.4%-1.6%8.4%11.0%4.6%11.0%11.2%2.7%19.4%11.1%280,287$ 280,286.54$ - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 2005200620072008200920102011201220132014201520162017201820192020202120222023GENERAL & OPTIONAL SALES TAX RECEIPTS BY MONTH AND YEAR(Does not include Special Purpose/Public Safety Tax) December November October September August July June May April March February January 2023 0 1000000 2000000 3000000 4000000 5000000 6000000 2005200620072008200920102011201220132014201520162017201820192020202120222023Sales Tax and Special Purpose Sales Tax YTD, Actual Total and 2023 Budget Special PurposeYTD General &Optional YTD Sales Tax Full Year TotalActual w/ 2022Budget December 2023 514,349 533,013 488,648 482,307 557,578 506,360 591,072 673,765 610,751 616,743 675,067 567,210 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 1 2 3 4 5 6 7 8 9 10 11 12 2023 Monthly Actual Revenue & Budgeted Share $365,007 $(17,979)$189,040 $283,339 $272,383 $247,128 $267,177 $309,622 $293,856 $270,255 $281,987 $280,287-$500,000 $500,000 $1,500,000 $2,500,000 $3,500,000 $4,500,000 $5,500,000 $6,500,000 $7,500,000 2023 Cumulative YTD Actual & Budget Expected by Month December $0.00 12 December 2023 1/30/2023 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 82,719 66,937 84,448 82,719 -2.0%-19.3%$967,242 312,242$ 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 52,903 42,619 53,768 52,903 -1.6%-0.4%$940,745 285,745$ Full Year 321,231 293,344 273,796 295,200 335,825 386,107 449,148 507,868 542,805 579,805 490,842 779,723 806,169 940,745 519,183 655,000 940,745 285,745 YTD 321,231 293,344 273,796 295,200 335,825 386,107 449,148 507,868 542,805 579,805 490,842 779,723 806,169 940,745 519,183 655,000 940,745 43.6%16.7% 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%-6.66%7.82%13.76%14.97%16.33%13.07%6.88%6.82%-15.34%58.85%3.39%16.69% 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. 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 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 0 200,000 400,000 600,000 800,000 1,000,000 2023 YTD Actual and Budget YTD Actual YTD Budget Projected Over/Under Budget 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 2023 Monthly Actual and Budget 2023 Actual Budget December