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Home My WebLink About2024 Jan_Treasurer_Hotel+SalesTax_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 January 2024 Revenue Report • General Fund at $1,344,540 – 5% of the annual budget. The second sheet shows general fund revenue charts showing 2015-2024 detail and percentage of actual full year collections. • Other Funds at $3,465,551 – 4.7% 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 - $9,382,069 at month end and with reserve of $4,417,206. The non-reserve cash balance was $2,648,508. • General Sales Tax Receipts - $530,802 General and Optional and Special Purpose Sales Tax for January. Cumulatively, this is 0.7% and $49,084 under budget. The amount is 3.2% over 2023 actual. • 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 - $64,702 for the month which is 13.4% under budget for the month and 24.2% more than this month last year. It’s early for any projection, but it calculates to $234,500 under budget. There were two sales over $1 million in unincorporated Jefferson County compared to none this month last year. • Hotel/Motel Lodging Tax – Fund 125 - $38,325 this month which is 4% over budget and 0.7% less than this month last year. Projection is currently $29,500 over budget, but this is early to estimate. • 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 2017-2024 with charts of distributions by levy, by fund/district and by district type. 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 Chg22Construction114,755 109,492 5%114,755 109,492 5%5,263 21%1,472,155 Construction 8,450 13,244 -36%8,450 13,244 -36%(4,794)99%103,792 31, 32, 33 Manufacturing 8,534 5,849 46%8,534 5,849 46%2,685 11%125,858 Manufacturing 991 703 41%991 703 41%288 -6%14,51133Wholesale Trade 23,932 21,292 12%23,932 21,292 12%2,640 11%244,151 Wholesale Trade 3,549 4,224 -16%3,549 4,224 -16%(675)14%37,654 44, 45 Retail Trade 121,722 121,710 0%121,722 121,710 0%12 0%1,493,468 Retail Trade 17,230 17,586 -2%17,230 17,586 -2%(356)7%214,01848, 49 Transportation & Warehousing 905 625 45%905 625 45%280 1%12,981 Transportation and Warehousing 185 85 118%185 85 118%100 -2%7,33049Information11,086 9,884 12%11,086 9,884 12%1,202 5%131,961 Information 1,192 1,164 2%1,192 1,164 2%28 -1%15,249 51 Finance & Insurance 818 8,451 -90%818 8,451 -90%(7,633)-30%7,352 Finance and Insurance 264 1,865 -86%264 1,865 -86%(1,601)33%1,77952Real Estate, Rental & Leasing 4,618 4,839 -5%4,618 4,839 -5%(221)-1%69,855 Real Estate and Rental and Leasing 429 286 50%429 286 50%143 -3%5,282 53 Professional, Scientific & Technical Services 7,798 6,284 24%7,798 6,284 24%1,514 6%91,447 Professional, Scientific, and Technical Services 1,022 793 29%1,022 793 29%229 -5%11,86255Admin & Support, Waste Mgmt & Remediation Svcs 26,928 26,026 3%26,928 26,026 3%902 4%346,001 Admin & Support, Waste Mgmt & Remediation Sv 2,121 1,849 15%2,121 1,849 15%272 -6%25,65256Educational Services 290 167 74%290 167 74%123 0%6,198 Educational Services 34 64 -47%34 64 -47%(30)1%851 61 Health Care and Social Assistance 89 68 31%89 68 31%21 0%1,513 Health Care and Social Assistance 745 583 28%745 583 28%162 -3%7,30362Arts, Entertainment & Recreation 1,292 1,563 -17%1,292 1,563 -17%(271)-1%27,849 Arts, Entertainment, and Recreation 247 203 22%247 203 22%44 -1%5,117 71 Accommodation & Food Services 19,291 16,673 16%19,291 16,673 16%2,618 10%368,369 Accommodation and Food Services 5,957 5,322 12%5,957 5,322 12%635 -13%82,97555, 81, 92 Public Administration & Other Services 7,620 6,592 16%7,620 6,592 16%1,028 4%94,523 Public Administration & Other Services 1,943 1,718 13%1,943 1,718 13%225 -5%21,6070Unclassified15,555 1,521 923%15,555 1,521 923%14,034 56%215,124 Natural Resources, Utilities & Unclassified 514 46 1017%514 46 1017%468 -10%8,713 0 Agriculture, Forestry, Fishing & Hunting 307 442 -31%307 442 -31%(135)-1%6,436 City of Port Townsend Totals 44,872 49,735 -10%44,873 49,735 -10%(4,862)100%563,69511Mining, Quarrying, Oil & Gas Extraction 655 1,345 -51%655 1,345 -51%(690)-3%28,085 Totals for Jefferson County and City of PT added together equal the total sales tax revenue received by Jefferson Co. 21 Utilities 2,387 655 264%2,387 655 264%1,732 7%27,521 NAICS & SIC Identification Tools page https://www.naics.com/search/Jefferson County, WA Totals 368,581 343,478 7%368,582 343,478 7%25,104 100%4,770,847 $413,453.00 Calculated General & Optional Sales Tax Revenue to Jefferson County for this period 413,452.51$ Amount from distribution$0.49 variance0.000119% Sales Tax Revenue by Sector %$%$ All Sales YTD 7%25,104 -10%(4,862) RETAIL YTD 0%12 -2%(356) CONSTRUCTION YTD 5%5,263 -36%(4,794) ACCOMMODATION & FOOD SERVICES YTD 16%2,618 12%635 Last 12 Months 1600, 1650, 1603, 1604 Jefferson County Jefferson County Year to DateCurrent Period Last 12 Months Unincorp Jefferson County City of Port Townsend NAICS CODE Current Period Year to Date 5%46%12%0%45%12% -90% -5% 24%3%74%31% -17% 16%16% -31%-51% 264% -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 -36% 41% -16%-2% 118% 2% -86% 50%29%15% -47% 28%22%12%13% -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 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 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 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 November 2023 with Distribution in January 2024 Year Period Month 2024 1 January January February March April May June July August September October November December Full Year YTD 2024 Actual 38,325 38,325 38,325 2024 ActualCumulative Actual YTD 38,325 38,325 Cumulative Actual YTDMonthly Budget 36,844 43,439 46,567 67,206 48,303 48,370 60,886 78,984 93,892 71,020 85,605 53,883 735,000 36,844 Monthly BudgetCumulative Budget YTD 36,844 80,283 126,850 194,056 242,359 290,729 351,616 430,600 524,493 595,512 681,117 735,000 735,000 36,844 Cumulative Budget YTD Four Year Average 2020-23 37,047 43,679 46,825 67,577 48,569 48,638 61,223 79,421 94,411 71,412 86,078 54,180 739,059 37,047 Four Year Average 2020-23 % Budget Difference 4.0% -94.8%4.0%% Budget Difference % Difference Prior Year -0.7% -95.8%-0.7%% Difference Prior Year Cumulative % of Expected 104.0% 5.2%104.0%Cumulative % of ExpectedEOY Projection $764,543 $38,325 $764,543 EOY ProjectionProjection +/- EOY Budget 29,543$ 29,543$ Projection +/- EOY Budget Row Labels January February March April May June July August September October November December Full Year YTD FY Actual/ Current Year Budget YTD Change Annual % Change 2012 11,997 23,143 7,223 14,905 17,099 17,873 20,148 31,118 40,826 40,960 36,847 11,051 273,190 11,997 273,190 2013 8,781 38,213 11,203 11,365 17,962 16,439 21,478 33,106 39,854 41,706 39,128 15,477 294,712 8,781 294,712 -26.81%7.88% 2014 13,531 30,316 12,683 12,399 19,122 18,759 24,511 37,504 42,319 43,628 46,846 33,825 335,445 13,531 335,445 54.10%13.82% 2015 17,011 36,087 14,296 14,983 23,824 25,022 27,654 48,797 44,665 49,122 49,494 25,149 376,104 17,011 376,104 25.72%12.12%2016 18,367 50,911 14,394 18,349 29,299 29,334 33,479 56,189 53,335 59,800 57,838 25,904 447,197 18,367 447,197 7.97%18.90%2017 19,178 52,820 16,661 20,634 37,947 31,162 38,074 64,460 56,182 58,058 68,607 32,423 496,206 19,178 496,206 4.42%10.96%2018 22,595 45,060 18,800 23,064 40,397 35,892 43,755 64,218 45,772 52,653 49,196 41,523 482,924 22,595 482,924 17.82%-2.68% 2019 28,818 40,024 24,277 21,725 40,545 42,350 47,890 69,625 87,496 59,893 64,164 41,781 568,587 28,818 568,587 27.54%17.74% 2020 31,209 33,264 28,921 28,566 11,197 534 22,715 41,591 75,131 78,437 75,232 54,416 481,213 31,209 481,213 8.30%-15.37% 2021 38,926 45,230 46,407 43,406 65,962 69,433 70,727 85,104 90,608 67,898 102,437 53,063 779,201 38,926 779,201 24.73%61.92% 2022 39,469 43,485 40,798 55,440 60,887 64,214 82,763 99,377 113,178 46,239 87,443 59,924 793,215 39,469 793,215 1.39%1.80% 2023 38,585 52,738 71,172 142,897 56,232 60,370 68,684 91,609 98,727 93,073 79,199 49,318 902,606 38,585 940,745 -2.24%13.79% 2024 38,325 38,325 38,325 -0.68%-95.75% 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Special Hotel/Motel & Transient Rental Sales Tax -Fund 125 December November October September August July June May April March February January 2024 010,00020,00030,00040,00050,00060,00070,00080,00090,000100,000 2024 Monthly Actual and Budget 2024 Actual Monthly Budget 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 2024 YTD Actual and Budget Cumulative Actual YTD Cumulative Budget YTD Projection +/- EOY Budget January