HomeMy WebLinkAboutJeffCo. Gen + Hotel sales tax for 2024-07_JULY_Treasurer_RevenueRpt asof 0901JEFFERSON 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 2024 Revenue Report
• General Fund at $17,342,114 – 63.9% of the annual budget. The second sheet shows general fund
revenue charts showing 2015-2024 detail and percentage of actual full year collections. Federal PILT
arrived, and historical information is included at the end of this month’s report packet.
• Other Funds at $33,485,271 – 45% 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 - $11,538,700 at month end and with reserve of $4,480,424. The non-reserve
cash balance was $7,058,276. 2nd Quarter appropriations are reflected for the reserve amount.
• General Sales Tax Receipts - $597,275 General and Optional and Special Purpose Sales Tax for the
month. Cumulatively year to date, this is 0.2% over budget and 5.2% over 2023 actual. Early end of
year projection is $17,000 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 - $171,439 for the month which is 1.4% under budget for the month and
11.3% more than this month last year. Year to date, we’re 48.6% over budget. While the math puts the
EOY projection at $850,000 over budget, I’m more inclined to think we might just make budget. The
projection is skewed by the June $680k windfall from the REETA audit of a transaction in May 2020.
• Hotel/Motel Lodging Tax – Fund 125 - $68,790 this month which is 13% over budget and 0.2% more
than this month last year. Cumulatively, YTD is 4.7% under budget and 31.7% less than last year. End of
year projection is currently $34,800 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.
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 Chg
22 Construction 132,782 117,178 13%862,160 737,298 17%124,862 118%1,591,660 Construction 10,631 7,357 45%78,018 60,040 30%17,978 57%126,679
31, 32, 33 Manufacturing 14,808 9,594 54%69,434 63,405 10%6,029 6%129,244 Manufacturing 754 1,154 -35%6,696 7,102 -6%(406)-1%13,840
33 Wholesale Trade 24,763 22,176 12%164,478 146,249 12%18,229 17%259,766 Wholesale Trade 3,499 3,265 7%23,829 22,291 7%1,538 5%39,868
44, 45 Retail Trade 119,749 145,731 -18%811,711 870,275 -7%(58,564)-55%1,434,564 Retail Trade 18,315 18,589 -1%120,494 119,838 1%656 2%215,010
48, 49 Transportation & Warehousing 1,276 1,080 18%7,735 7,628 1%107 0%12,809 Transportation and Warehousing 869 765 14%3,091 2,468 25%623 2%7,854
49 Information 11,461 11,512 0%85,389 74,098 15%11,291 11%142,054 Information 1,194 1,132 5%8,750 8,216 6%534 2%15,755
51 Finance & Insurance 860 1,151 -25%6,539 8,553 -24%(2,014)-2%12,972 Finance and Insurance 131 307 -57%1,219 1,840 -34%(621)-2%2,759
52 Real Estate, Rental & Leasing 7,602 7,035 8%40,357 35,500 14%4,857 5%74,931 Real Estate and Rental and Leasing 260 290 -10%4,060 2,363 72%1,697 5%6,836
53 Professional, Scientific & Technical Services 8,826 7,034 25%62,669 53,198 18%9,471 9%99,398 Professional, Scientific, and Technical Services 1,797 812 121%9,277 6,039 54%3,238 10%14,870
55 Admin & Support, Waste Mgmt & Remediation Svcs 33,199 28,436 17%203,972 186,738 9%17,234 16%362,355 Admin & Support, Waste Mgmt & Remediation Sv 2,399 2,177 10%15,209 14,051 8%1,158 4%26,550
56 Educational Services 260 634 -59%2,274 2,899 -22%(625)-1%5,451 Educational Services 30 41 -27%392 404 -3%(12)0%870
61 Health Care and Social Assistance 129 110 17%1,035 883 17%152 0%1,644 Health Care and Social Assistance 181 440 -59%3,981 4,137 -4%(156)0%6,985
62 Arts, Entertainment & Recreation 3,252 2,413 35%13,246 11,411 16%1,835 2%29,954 Arts, Entertainment, and Recreation 508 601 -15%2,568 2,404 7%164 1%5,112
71 Accommodation & Food Services 26,740 27,200 -2%144,166 181,889 -21%(37,723)-36%328,029 Accommodation and Food Services 6,917 7,016 -1%40,282 38,693 4%1,589 5%83,930
55, 81, 92 Public Administration & Other Services 5,671 7,206 -21%52,429 50,975 3%1,454 1%95,283 Public Administration & Other Services 2,397 1,804 33%14,737 11,816 25%2,921 9%24,299
0 Unclassified 19,470 18,933 3%103,724 95,889 8%7,835 7%208,925 Natural Resources, Utilities & Unclassified 1,157 767 51%4,424 3,560 24%864 3%9,109
0 Agriculture, Forestry, Fishing & Hunting 355 450 -21%4,314 3,279 32%1,035 1%7,606 City of Port Townsend Totals 51,039 46,517 10%337,027 305,262 10%31,765 100%600,326
11 Mining, Quarrying, Oil & Gas Extraction 991 6,102 -84%14,003 12,649 11%1,354 1%30,130 Totals for Jefferson County and City of PT added together equal the total sales tax revenue received by Jefferson Co.
21 Utilities 1,651 3,056 -46%13,595 14,362 -5%(767)-1%25,022 NAICS & SIC Identification Tools page https://www.naics.com/search/
Jefferson County, WA Totals 413,844 417,031 -1%2,663,230 2,557,178 4%106,052 100%4,851,797 $464,883.00 Calculated General & Optional Sales Tax Revenue to Jefferson County for this period
464,883.53$ Amount from distribution
-$0.53 variance
-0.000114%
Sales Tax Revenue by Sector
%$%$
All Sales YTD 4%106,052 10%31,765
RETAIL YTD -7%(58,564) 1%656
CONSTRUCTION YTD 17%124,862 30%17,978
ACCOMMODATION & FOOD SERVICES YTD -21%(37,723) 4%1,589
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
13%54%12%
-18%
18%
0%-25%
8%25%17%
-59%
17%35%
-2%-21%
3%
-21%
-84%-46%
-600%
-400%
-200%
0%
200%
400%
600%
-170,000
-120,000
-70,000
-20,000
30,000
80,000
130,000
Jefferson County Amounts and Percentage Change from last year
This Year Last Year % Chg
1600, 1650, 1603, 1604
45%
-35%
7%
-1%
14%5%
-57%-10%
121%
10%
-27%-59%-15%-1%
33%
-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
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 Distribution in July 2024
Year Period Month Preliminary Updated
2024 7 July No 7/12/2024
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 31,152 34,334 167,138 167,138
Transient Rental (State Share)19,242 19,173 16,937 20,642 26,130 31,250 34,456 167,830 167,830
2024 Actual 38,325 38,180 33,816 41,252 52,203 62,403 68,790 334,968 334,968 2024 Actual
Cumulative Actual YTD 38,325 76,505 110,321 151,572 203,775 266,178 334,968 334,968 334,968 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 53,883 735,000 351,616 Monthly Budget
Cumulative Budget YTD 36,844 80,283 126,850 194,056 242,359 290,729 351,616 430,600 524,493 595,512 681,117 735,000 735,000 351,616 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 54,180 739,059 353,557 Four Year Average 2020-23
% Budget Difference 4.0%-12.1%-27.4%-38.6%8.1%29.0%13.0% -4.7%% Budget Difference
% Difference Prior Year -0.7%-27.6%-52.5%-71.1%-7.2%3.4%0.2% -31.7%% Difference Prior Year
Cumulative % of Expected 104.0%95.3%87.0%78.1%84.1%91.6%95.3% 95.3%Cumulative % of Expected
EOY Projection $764,543 $700,413 $639,225 $574,090 $617,988 $672,931 $700,201 $700,201 EOY Projection
Projection +/- EOY Budget 29,543$ (34,587)$ (95,775)$ (160,910)$ (117,012)$ (62,069)$ (34,799)$ (34,799)$ (34,799)$ (34,799)$ (34,799)$ (34,799)$ (34,799)$ 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 11,051 273,190 112,388 273,190
2013 8,781 38,213 11,203 11,365 17,962 16,439 21,478 33,106 39,854 41,706 39,128 15,477 294,712 125,442 294,712 11.62%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 33,825 335,445 131,322 335,445 4.69%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 25,149 376,104 158,877 376,104 20.98%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 25,904 447,197 194,132 447,197 22.19%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 32,423 496,206 216,475 496,206 11.51%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 41,523 482,924 229,563 482,924 6.05%-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 41,781 568,587 245,629 568,587 7.00%17.74%
2020 31,209 33,264 28,921 28,566 11,197 534 22,715 41,591 75,131 78,437 75,232 54,416 481,213 156,406 481,213 -36.32%-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 53,063 779,201 380,091 779,201 143.02%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 59,924 793,215 387,054 793,215 1.83%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 49,318 902,606 490,679 940,745 26.77%13.79%
2024 38,325 38,180 33,816 41,252 52,203 62,403 68,790 334,968 334,968 735,000 -31.73%-62.89%
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
July