HomeMy WebLinkAboutA200 National City Sales Tax Update 1st Qtr (Finance)CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: September 17, 2013
AGENDA ITEM NO.
ITEM TITLE:
National City Sales Tax Update Newsletter — First Quarter 2013
PREPARED BY: Mark Roberts, Director of Finance
PHONE: 619-336-4265
EXPLANATION:
APPROVED BY: I/"(l�([,
DEPARTMENT: Fina ce
APPROVED BY: �ll
BACKGROUND
National City has en on -going contract with Hinderliter, de Llamas & Associates (HdL) for revenue management. Staff
meets with a representative of HdL on a quarterly basis to review sales tax data and trends within the City and
Statewide.
NEWSLETTER SUMMARY
Receipts for National City's January through March sales were 2.5% higher than the same quarter one year ago. Actual
sales activity was up 3.7% when reporting aberrations were factored out. A recent addition helped boost sales for new
auto dealers. Receipts from auto leases were skewed by onetime accounting adjustments in the year-ago period. The
city experienced a strong sales quarter for several categories of general consumer goods. The gains were partially
offset by a drop in sales for service stations, lumber/building materials, and contractors. A business relocation reduced
receipts for Tight industrial/printers. The city's voter -approved Proposition D one cent transactions tax generated
$2,214,219 fora 2.1% gain over the same quarter a year ago. Adjusted for aberrations, taxable sales for all of San
Diego County increased 8.1 % over the comparable time period, while the Southern California region as a whole was up
6.5%.
FINANCIAL STATEMENT: APPROVED: �i Finance
ACCOUNT NO. APPROVED: MIS
NA
ENVIRONMENTAL REVIEW:
This is not a project and, therefore, not subject to environmental review.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION:
Accept and file the newsletter.
BOARD 1 COMMISSION RECOMMENDATION:
ATTACHMENTS:
National City Sales Tax Update Newsletter — First Quarter 2013