HomeMy WebLinkAboutA200 Nationa City Slaes Tax Update 2Q (Finance)CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: December 3, 2013
AGENDA ITEM NO.
ITEM TITLE:
National City Sales Tax Update Newsletter — Second Quarter 2013
PREPARED BY: Mark Roberts, Director of Finance
PHONE: 619-336-4265
EXPLANATION:
BACKGROUND
National City has an 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 & trends within the City & Statewide.
NEWSLETTER SUMMARY
The allocation of sales & use tax revenues from National City's April through June sales quarter was 6.6% higher than
the same quarter 1 year ago.
A strong sales quarter for autos, motorcycles & auto leasing plus recent additions to the consumer electronics category
all contributed to the increase. The retroactive correction of a reporting error in the shoe store classification was also a
factor.
The gains were partially offset by a decline in fuel prices and usage, by the previous Toss of a point of sale for a
construction supplier, & by an accounting negative adjustment in the business -industry group.
Adjusted for aberrations, sales & use tax receipts for all of San Diego County & Southern California as a whole were up
5.2% over the comparable time period.
DEPARTMENT: Finan
APPROVED BY: t " (4r( 1
FINANCIAL STATEMENT:
ACCOUNT NO.
NA
APPROVED: 1,.....fi
APPROVED:
ENVIRONMENTAL REVIEW:
This is not a project and, therefore, not subject to environmental review.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
Finance
MIS
STAFF RECOMMENDATION:
Accept and file the newsletter.
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
National City Sales Tax Update Newsletter — Second Quarter 2013