HomeMy WebLinkAboutA200 Council Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: June 3, 2014
AGENDA ITEM NO.
ITEM TITLE:
National City Sales Tax Update Newsletter — Fourth Quarter 2013
PREPARED BY: Ed Prendell, Budget Analyst DEPARTMENT: Finance �-
PHONE: 619-336-4332 APPROVED BY:
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
Receipts for National City's October through December sales were 6.1% higher than the same quarter one year ago. Actual sales
activity was up 3.1% when reporting aberrations were factored out. Autos and transportation posted a strong quarter from car sales
and leases; however, the overall gain was inflated by payment anomalies. General consumer goods experienced a strong sales
quarter from multiple categories including family apparel, electronics, and specialty stores.
Receipts from restaurants were lifted, in part, by the addition of a new eatery. The food and drugs group also posted positive results.
The sales decline from service stations was partially offset by double payments that inflated the current quarter. Correspondingly,
onetime payments that boosted the comparison quarter were responsible for temporarily depressing the building and construction
sector.
Measure "D" generated an additional $2,656,974 in revenue for the quarter, an increase of 6.6% over the same quarter last year.
Adjusted for aberrations, taxable sales for all San Diego County increased 3.3% over the comparable time period, while the Southern
California region as a whole was up 2.7%.
FINANCIAL STATEMENT:
ACCOUNT NO.
NA
APPROVED: /(A.—c& -6Finance
APPROVED: MIS
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 — Fourth Quarter 2013