HomeMy WebLinkAbout2024-04_GenTax_LTAX_APR_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 April 2024 Revenue Report
• General Fund at $10,184,700 – 37.5% of the annual budget. The second sheet shows general fund
revenue charts showing 2015-2024 detail and percentage of actual full year collections. Resolution 28-24 approved 1st quarter appropriations and increased General Fund budgeted revenue $164,288.
• Other Funds at $17,082,739 – 22.9% 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. Resolution 28-24 approved 1st quarter appropriations and increased Other Funds budgeted revenue
$185,221.
• General Fund Cash Balance - $11,270,349 at month end and with reserve of $4,489,431. The non-reserve
cash balance was $6,780,918. 1st Quarter appropriations increased General Fund expenditures $481,499
which increased the reserve $72,225.
• General Sales Tax Receipts - $527,985 General and Optional and Special Purpose Sales Tax for the
month. Cumulatively year to date, this is 1.2% under budget and 3.5% over 2023 actual. Early end of
year projection is $88,231 under budget which is much closer to budget than prior month projections.
* May 2024 General and Optional Sales Tax is available and came in at $487,893. This is $48,000 more
than May 2023. Special Purpose amount for May (orange in chart) was not available at the time of report creation.
• 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.
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• REET Receipts - Fund 302 - $45,783 for the month which is 57.6% under budget for the month and
50.5% less than this month last year. It’s early for end of year projection, but it calculates to $572,632 under budget. There were two sales over $1 million in unincorporated Jefferson County this month which
is the same as last year.
• Hotel/Motel Lodging Tax – Fund 125 - $41,252 this month which is 39% under budget and 71% less than this month last year. Cumulatively, YTD is 22% under budget and 50% less than last year. End of year
projection is currently $160,910 under budget.
* May 2024 Hotel Motel and Transient State Share Sales Tax figures were available, and they were higher than budget for the month. Preliminary May report is provided, and it shows year end projection at
$117,000 under budget.
• DNR Timber Trust 1 – Amounts are distributed by the levy rates for the tax code areas where the timber
activity occurs. Amounts are shown for full years 2017-2024 with charts of distributions by levy, by
fund/district and by district type.
Year Period Month Preliminary Updated20244AprilNo5/20/2024JanuaryFebruaryMarchAprilMayJune July August September October November December Full YTD Period YTD
Public Safety Tax 117,349$ 131,466$ 105,587$ 116,463$ 470,865 470,865
Regular & Optional Tax 413,453$ 433,378$ 359,784$ 411,522$ 1,618,137 1,618,137
2024 Actual 530,802$ 564,844$ 465,371$ 527,985$ 2,089,002$ 2,089,002 2024 ActualCumulative Actual YTD 530,802$ 1,095,645$ 1,561,017$ 2,089,002$ 2,089,002$ 2,089,002 Cumulative Actual YTD
Monthly Budget 534,473$ 599,201$ 492,053$ 489,389$ 587,456$ 539,842$ 613,705$ 687,137$ 646,819$ 659,993$ 700,367$ 595,866$ 7,146,301$ 2,115,116 Monthly Budget
Cumulative Budget YTD 534,473$ 1,133,674$ 1,625,726$ 2,115,116$ 2,702,572$ 3,242,414$ 3,856,119$ 4,543,256$ 5,190,075$ 5,850,067$ 6,550,435$ 7,146,301$ 7,146,301$ 2,115,116 Cumulative Budget YTDFour Year Average 2020-23 443,068$ 496,726$ 407,902$ 405,695$ 486,990$ 447,518$ 508,750$ 569,624$ 536,201$ 547,121$ 580,591$ 493,962$ 5,924,147$ 1,753,391 Four Year Average 2020-23
% Budget Difference -0.7%-5.7%-5.4%7.9% -1.2%% Budget Difference
% Difference Prior Year 3.2%6.0%-4.8%9.5% 3.5%% Difference Prior Year
Cumulative % of Expected 99.3%96.6%96.0%98.8% 98.8%Cumulative % of Expected
EOY Projection $7,097,217 $6,906,585 $6,861,852 $7,058,070 $7,058,070 EOY ProjectionProjection +/- EOY Budget (49,084)$ (239,716)$ (284,449)$ (88,231)$ (88,231)$ (88,231)$ (88,231)$ (88,231)$ (88,231)$ (88,231)$ (88,231)$ (88,231)$ (88,231)$ Projection +/- EOY Budget
Row Labels January February March April May June July August September October November December Full Year YTD FY Actual/ CY Budget YTD Change Annual % Change
2012 212,977 309,445 183,633 196,041 237,965 211,904 238,190 286,302 333,816 305,825 308,062 258,729 3,082,889 902,097 3,082,8892013262,641 345,431 288,128 259,808 292,382 250,194 282,394 333,477 301,305 321,904 329,035 257,129 3,523,830 1,156,009 3,523,830 28.15%14.30%
2014 260,918 330,514 239,927 233,504 271,428 237,441 264,253 353,305 319,722 315,176 350,221 294,517 3,470,928 1,064,864 3,470,928 -7.88%-1.50%2015 249,161 362,057 249,278 255,118 312,306 294,093 280,545 385,259 347,803 362,562 370,725 299,436 3,768,342 1,115,613 3,768,342 4.77%8.57%
2016 282,001 402,506 298,275 280,519 350,012 306,482 320,656 421,767 377,132 390,715 442,704 325,759 4,198,527 1,263,301 4,198,527 13.24%11.42%
2017 287,441 466,132 291,547 293,713 380,789 317,063 358,342 443,418 370,548 405,582 431,186 335,743 4,381,504 1,338,833 4,381,504 5.98%4.36%
2018 319,554 430,723 317,798 266,316 355,788 323,647 343,606 406,836 404,786 402,305 409,120 364,274 4,344,754 1,334,391 4,344,754 -0.33%-0.84%
2019 337,549 409,218 312,572 274,725 383,925 340,499 398,407 462,808 414,341 431,890 469,051 430,895 4,665,880 1,334,064 4,665,880 -0.02%7.39%2020 387,987 457,015 324,431 319,060 342,896 312,261 409,818 442,796 468,330 466,248 471,390 391,361 4,793,593 1,488,492 4,793,593 11.58%2.74%
2021 416,647 485,175 372,716 392,328 498,590 459,162 502,317 565,446 508,542 514,331 548,619 461,986 5,725,858 1,666,865 5,725,858 11.98%19.45%2022 453,289 511,701 445,815 429,083 548,896 512,291 531,792 596,487 557,179 591,164 627,288 555,290 6,360,276 1,839,888 6,360,276 10.38%11.08%
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 6,816,863 2,018,317 940,745 9.70%7.18%
2024 530,802 564,843.62 465,371 527,985 2,089,002 2,089,002 7,146,301 3.50%-69.36%
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
General & Optional and Special Purpose Sales Tax -General Fund
December
November
October
September
August
July
June
May
April
March
February
January
2024
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
2024 Monthly Actual and Budget
Regular & Optional Tax
Public Safety Tax
Monthly Budget
$(1,000,000)
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
2024 YTD Actual and Budget
Cumulative Actual YTD
Cumulative Budget YTD
Projection +/- EOY Budget
April
Year Period Month Preliminary Updated20245MayYes5/20/2024JanuaryFebruaryMarchAprilMayJune July August September October November December Full YTD Period YTD
Public Safety Tax 117,349$ 131,466$ 105,587$ 116,463$ 137,450$ 608,315 608,315
Regular & Optional Tax 413,453$ 433,378$ 359,784$ 411,522$ 487,893$ 2,106,030 2,106,030
2024 Actual 530,802$ 564,844$ 465,371$ 527,985$ 625,344$ 2,714,345$ 2,714,345 2024 ActualCumulative Actual YTD 530,802$ 1,095,645$ 1,561,017$ 2,089,002$ 2,714,345$ 2,714,345$ 2,714,345 Cumulative Actual YTD
Monthly Budget 534,473$ 599,201$ 492,053$ 489,389$ 587,456$ 539,842$ 613,705$ 687,137$ 646,819$ 659,993$ 700,367$ 595,866$ 7,146,301$ 2,702,572 Monthly Budget
Cumulative Budget YTD 534,473$ 1,133,674$ 1,625,726$ 2,115,116$ 2,702,572$ 3,242,414$ 3,856,119$ 4,543,256$ 5,190,075$ 5,850,067$ 6,550,435$ 7,146,301$ 7,146,301$ 2,702,572 Cumulative Budget YTDFour Year Average 2020-23 443,068$ 496,726$ 407,902$ 405,695$ 486,990$ 447,518$ 508,750$ 569,624$ 536,201$ 547,121$ 580,591$ 493,962$ 5,924,147$ 2,240,381 Four Year Average 2020-23
% Budget Difference -0.7%-5.7%-5.4%7.9%6.4% 0.4%% Budget Difference
% Difference Prior Year 3.2%6.0%-4.8%9.5%12.2% 5.4%% Difference Prior Year
Cumulative % of Expected 99.3%96.6%96.0%98.8%100.4% 100.4%Cumulative % of Expected
EOY Projection $7,097,217 $6,906,585 $6,861,852 $7,058,070 $7,177,432 $7,177,432 EOY ProjectionProjection +/- EOY Budget (49,084)$ (239,716)$ (284,449)$ (88,231)$ 31,131$ 31,131$ 31,131$ 31,131$ 31,131$ 31,131$ 31,131$ 31,131$ 31,131$ Projection +/- EOY Budget
Row Labels January February March April May June July August September October November December Full Year YTD FY Actual/ CY Budget YTD Change Annual % Change
2012 212,977 309,445 183,633 196,041 237,965 211,904 238,190 286,302 333,816 305,825 308,062 258,729 3,082,889 1,140,062 3,082,8892013262,641 345,431 288,128 259,808 292,382 250,194 282,394 333,477 301,305 321,904 329,035 257,129 3,523,830 1,448,391 3,523,830 27.04%14.30%
2014 260,918 330,514 239,927 233,504 271,428 237,441 264,253 353,305 319,722 315,176 350,221 294,517 3,470,928 1,336,292 3,470,928 -7.74%-1.50%2015 249,161 362,057 249,278 255,118 312,306 294,093 280,545 385,259 347,803 362,562 370,725 299,436 3,768,342 1,427,920 3,768,342 6.86%8.57%
2016 282,001 402,506 298,275 280,519 350,012 306,482 320,656 421,767 377,132 390,715 442,704 325,759 4,198,527 1,613,313 4,198,527 12.98%11.42%
2017 287,441 466,132 291,547 293,713 380,789 317,063 358,342 443,418 370,548 405,582 431,186 335,743 4,381,504 1,719,622 4,381,504 6.59%4.36%
2018 319,554 430,723 317,798 266,316 355,788 323,647 343,606 406,836 404,786 402,305 409,120 364,274 4,344,754 1,690,179 4,344,754 -1.71%-0.84%
2019 337,549 409,218 312,572 274,725 383,925 340,499 398,407 462,808 414,341 431,890 469,051 430,895 4,665,880 1,717,989 4,665,880 1.65%7.39%2020 387,987 457,015 324,431 319,060 342,896 312,261 409,818 442,796 468,330 466,248 471,390 391,361 4,793,593 1,831,388 4,793,593 6.60%2.74%
2021 416,647 485,175 372,716 392,328 498,590 459,162 502,317 565,446 508,542 514,331 548,619 461,986 5,725,858 2,165,456 5,725,858 18.24%19.45%2022 453,289 511,701 445,815 429,083 548,896 512,291 531,792 596,487 557,179 591,164 627,288 555,290 6,360,276 2,388,784 6,360,276 10.31%11.08%
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 6,816,863 2,575,895 940,745 7.83%7.18%
2024 530,802 564,843.62 465,371 527,985 625,344 2,714,345 2,714,345 7,146,301 5.37%-60.18%
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
General & Optional and Special Purpose Sales Tax -General Fund
December
November
October
September
August
July
June
May
April
March
February
January
2024
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
2024 Monthly Actual and Budget
Regular & Optional Tax
Public Safety Tax
Monthly Budget
$(1,000,000)
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
2024 YTD Actual and Budget
Cumulative Actual YTD
Cumulative Budget YTD
Projection +/- EOY Budget
May
Preliminary
Preliminary
Preliminary
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 Chg22Construction133,770 88,216 52%451,117 382,453 18%68,664 168%1,535,817 Construction 10,236 7,097 44%42,183 38,406 10%3,777 33%112,377
31, 32, 33 Manufacturing 6,842 7,835 -13%32,576 35,261 -8%(2,685)-7%120,521 Manufacturing 663 912 -27%4,310 3,754 15%556 5%14,79933Wholesale Trade 21,427 21,709 -1%90,551 85,406 6%5,145 13%246,668 Wholesale Trade 2,971 2,928 1%13,342 13,206 1%136 1%38,467
44, 45 Retail Trade 103,592 115,393 -10%457,270 477,476 -4%(20,206)-49%1,472,946 Retail Trade 14,828 14,435 3%68,054 67,235 1%819 7%215,17448, 49 Transportation & Warehousing 1,285 946 36%3,589 4,145 -13%(556)-1%12,146 Transportation and Warehousing 337 284 19%1,151 794 45%357 3%7,58749Information10,792 10,306 5%48,491 42,310 15%6,181 15%136,938 Information 1,117 1,151 -3%5,006 4,841 3%165 1%15,386
51 Finance & Insurance 810 1,724 -53%3,328 12,796 -74%(9,468)-23%5,518 Finance and Insurance 110 192 -43%830 2,546 -67%(1,716)-15%1,66552Real Estate, Rental & Leasing 4,677 3,674 27%20,877 17,039 23%3,838 9%73,913 Real Estate and Rental and Leasing 656 394 66%2,264 1,337 69%927 8%6,066
53 Professional, Scientific & Technical Services 11,439 9,065 26%36,948 30,730 20%6,218 15%96,150 Professional, Scientific, and Technical Services 1,446 628 130%4,915 3,256 51%1,659 15%13,29155Admin & Support, Waste Mgmt & Remediation Svcs 26,890 20,954 28%108,068 103,941 4%4,127 10%349,225 Admin & Support, Waste Mgmt & Remediation Sv 1,890 1,871 1%8,499 7,839 8%660 6%26,04056Educational Services 243 92 164%1,299 1,082 20%217 1%6,292 Educational Services 39 31 26%204 243 -16%(39)0%843
61 Health Care and Social Assistance 118 100 18%609 422 44%187 0%1,678 Health Care and Social Assistance 664 594 12%2,769 2,424 14%345 3%7,48662Arts, Entertainment & Recreation 1,837 1,361 35%5,701 5,368 6%333 1%28,453 Arts, Entertainment, and Recreation 337 230 47%1,182 1,031 15%151 1%5,224
71 Accommodation & Food Services 16,596 34,117 -51%69,507 106,807 -35%(37,300)-91%328,452 Accommodation and Food Services 5,619 4,857 16%20,937 19,607 7%1,330 12%83,66955, 81, 92 Public Administration & Other Services 8,097 6,092 33%31,027 27,987 11%3,040 7%96,535 Public Administration & Other Services 2,149 1,624 32%7,706 6,222 24%1,484 13%22,8490Unclassified13,193 12,771 3%54,713 45,559 20%9,154 22%210,244 Natural Resources, Utilities & Unclassified 295 435 -32%2,013 1,267 59%746 7%8,990
0 Agriculture, Forestry, Fishing & Hunting 217 841 -74%2,054 1,784 15%270 1%6,841 City of Port Townsend Totals 43,358 37,663 15%185,365 174,008 7%11,357 100%579,91311Mining, Quarrying, Oil & Gas Extraction 1,214 951 28%3,260 4,383 -26%(1,123)-3%27,653 Totals for Jefferson County and City of PT added together equal the total sales tax revenue received by Jefferson Co.
21 Utilities 5,125 4,151 23%11,787 6,929 70%4,858 12%30,646 NAICS & SIC Identification Tools page https://www.naics.com/search/Jefferson County, WA Totals 368,165 340,298 8%1,432,772 1,391,878 3%40,894 100%4,786,636 $411,523.00 Calculated General & Optional Sales Tax Revenue to Jefferson County for this period
411,522.15$ Amount from distribution$0.85 variance0.000207%
Sales Tax Revenue by Sector
%$%$
All Sales YTD 3%40,894 7%11,357
RETAIL YTD -4%(20,206) 1%819
CONSTRUCTION YTD 18%68,664 10%3,777
ACCOMMODATION & FOOD SERVICES YTD -35%(37,300) 7%1,330
Last 12 Months
1600, 1650, 1603, 1604
Jefferson County
Jefferson County
Year to DateCurrent Period Last 12 Months
1601, 1651
Unincorp Jefferson County City of Port Townsend
NAICS CODE Current Period Year to Date
52%
-13%-1%-10%
36%5%
-53%
27%26%28%
164%
18%35%
-51%
33%3%
-74%
28%23%
-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
44%
-27%
1%3%19%
-3%-43%
66%130%
1%26%12%47%16%32%
-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
1601, 1651
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation 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 TradeRetail 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 ExtractionUtilities
Unincorporated Jefferson County, WA
Sales Tax by Sector For February with Distribution in April 2024
Year Period Month Preliminary Updated20244AprilNo5/20/2024
January February March April May June July August September October November December Full Year YTD
Special Hotel/Motel Tax 19,082 19,007 16,880 20,610 75,579 75,579
Transient Rental (State Share)19,242 19,173 16,937 20,642 75,993 75,993
2024 Actual 38,325 38,180 33,816 41,252 151,572 151,572 2024 Actual
Cumulative Actual YTD 38,325 76,505 110,321 151,572 151,572 151,572 Cumulative Actual YTD
Monthly Budget 36,844 43,439 46,567 67,206 48,303 48,370 60,886 78,984 93,892 71,020 85,605 53,883 735,000 194,056 Monthly Budget
Cumulative Budget YTD 36,844 80,283 126,850 194,056 242,359 290,729 351,616 430,600 524,493 595,512 681,117 735,000 735,000 194,056 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 54,180 739,059 195,128 Four Year Average 2020-23
% Budget Difference 4.0%-12.1%-27.4%-38.6% -21.9%% Budget Difference% Difference Prior Year -0.7%-27.6%-52.5%-71.1% -50.4%% Difference Prior Year
Cumulative % of Expected 104.0%95.3%87.0%78.1% 78.1%Cumulative % of Expected
EOY Projection $764,543 $700,413 $639,225 $574,090 $574,090 EOY ProjectionProjection +/- EOY Budget 29,543$ (34,587)$ (95,775)$ (160,910)$ (160,910)$ (160,910)$ (160,910)$ (160,910)$ (160,910)$ (160,910)$ (160,910)$ (160,910)$ (160,910)$ Projection +/- EOY Budget
Row Labels January February March April May June July August September October November December Full Year YTD
FY Actual/ CY
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 57,267 273,190
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 69,562 294,712 21.47%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 68,930 335,445 -0.91%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 82,377 376,104 19.51%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 25,904 447,197 102,020 447,197 23.85%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 32,423 496,206 109,292 496,206 7.13%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 41,523 482,924 109,519 482,924 0.21%-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 41,781 568,587 114,844 568,587 4.86%17.74%2020 31,209 33,264 28,921 28,566 11,197 534 22,715 41,591 75,131 78,437 75,232 54,416 481,213 121,960 481,213 6.20%-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 53,063 779,201 173,969 779,201 42.64%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 59,924 793,215 179,190 793,215 3.00%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 49,318 902,606 305,392 940,745 70.43%13.79%2024 38,325 38,180 33,816 41,252 151,572 151,572 735,000 -50.37%-83.21%
2% Basic RCW 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. Only received for Unincorporated Jefferson County
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
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
- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000
2024 Monthly Actual and Budget
2024 Actual Monthly Budget
(300,000)
(200,000)
(100,000)
-
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
April
Year Period Month Preliminary Updated20245MayYes5/20/2024
January February March April May June July August September October November December Full Year YTD
Special Hotel/Motel Tax 19,082 19,007 16,880 20,610 26,072 101,652 101,652
Transient Rental (State Share)19,242 19,173 16,937 20,642 26,130 102,124 102,124
2024 Actual 38,325 38,180 33,816 41,252 52,203 203,775 203,775 2024 Actual
Cumulative Actual YTD 38,325 76,505 110,321 151,572 203,775 203,775 203,775 Cumulative Actual YTD
Monthly Budget 36,844 43,439 46,567 67,206 48,303 48,370 60,886 78,984 93,892 71,020 85,605 53,883 735,000 242,359 Monthly Budget
Cumulative Budget YTD 36,844 80,283 126,850 194,056 242,359 290,729 351,616 430,600 524,493 595,512 681,117 735,000 735,000 242,359 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 54,180 739,059 243,697 Four Year Average 2020-23
% Budget Difference 4.0%-12.1%-27.4%-38.6%8.1% -15.9%% Budget Difference% Difference Prior Year -0.7%-27.6%-52.5%-71.1%-7.2% -43.7%% Difference Prior Year
Cumulative % of Expected 104.0%95.3%87.0%78.1%84.1% 84.1%Cumulative % of Expected
EOY Projection $764,543 $700,413 $639,225 $574,090 $617,988 $617,988 EOY ProjectionProjection +/- EOY Budget 29,543$ (34,587)$ (95,775)$ (160,910)$ (117,012)$ (117,012)$ (117,012)$ (117,012)$ (117,012)$ (117,012)$ (117,012)$ (117,012)$ (117,012)$ Projection +/- EOY Budget
Row Labels January February March April May June July August September October November December Full Year YTD
FY Actual/ CY
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 74,366 273,190
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 87,525 294,712 17.69%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 88,052 335,445 0.60%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 25,149 376,104 106,201 376,104 20.61%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 25,904 447,197 131,319 447,197 23.65%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 32,423 496,206 147,239 496,206 12.12%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 41,523 482,924 149,916 482,924 1.82%-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 41,781 568,587 155,390 568,587 3.65%17.74%2020 31,209 33,264 28,921 28,566 11,197 534 22,715 41,591 75,131 78,437 75,232 54,416 481,213 133,157 481,213 -14.31%-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 53,063 779,201 239,931 779,201 80.19%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 59,924 793,215 240,077 793,215 0.06%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 49,318 902,606 361,624 940,745 50.63%13.79%2024 38,325 38,180 33,816 41,252 52,203 203,775 203,775 735,000 -43.65%-77.42%
2% Basic RCW 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. Only received for Unincorporated Jefferson County
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.
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Special Hotel/Motel & Transient Rental Sales Tax -Fund 125
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Cumulative Actual YTD Cumulative Budget YTD Projection +/- EOY Budget
May
Preliminary