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INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10219
January 15, 2019
To the Mayor and Members of the City Council
Page 1 of 3
SUBJECT: NOVEMBER 2018 SALES TAX UPDATE
Sales tax revenue represents approximately twenty-three percent (22.3%)
anticipated revenue in Fiscal Year 2019. It is the second largest revenue source, with property tax being
the largest. In addition, sales tax revenue represents the largest revenue source in the Crime Control
and Prevention District Fund. Staff is committed to providing regular updates on this important and
sometimes volatile November 2018 (Fiscal
Year 2019, Period 2) collection results on January 9th, 2019. Actual receipts are dependent upon the
timeliness and accuracy of sales tax payers' returns. This report provides
collection compared to last year
N OVEMBER N ET S ALES T AX C OLLECTIONS (10-YEAR H ISTORY)
$13.2
$12.3
$11.5
$9.9 $10.0
$9.2
$8.5
$8.3
$7.6
$7.2
12345678910
The Citup $856,710 or 6.9%, compared to the same month last year. As
depicted in the table below, the City experienced $314,825 or a 2.6% increase when compared to last
Current period collections include only transactions that occurred
within the month, so this number reflects pure economic activity.
C OLLECTION D ETAIL FOR C ITY S ALES T AX
November 17November 18Variance ($)Variance (%)
Current Period Collections$12,245,023$12,559,848$314,8252.6%
Other Collections
234,029189,111(44,917)(19.2%)
Audit Adjustments
108,431709,966601,536554.8%
Service Fee
(251,750)(269,179)(17,429)(6.9%)
Retainage
(7,725)(5,029)2,69634.9%
Net Collections
$12,328,008$13,184,718$856,7106.9%
*N ON-C URRENT C OLLECTIONS ARE PAYMENTS ATTRIBUTED TO NON-CURRENT COLLECTIONS INCLUDING PRIOR PERIOD, F UTURE PERIOD AND U NIDENTIFIED
C OLLECTIONS. (A UDIT ADJUSTMENTS MAY FLUCTUATE BASED UPON RESULTS OF TAXPAYER SALES TAX AUDITS CONDUCTED BY THE S TATE OF T EXAS.)
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10219
January 15, 2019
To the Mayor and Members of the City Council
Page 2 of 3
SUBJECT: NOVEMBER 2018 SALES TAX UPDATE
C URRENT P ERIOD C OLLECTIONS
Change Compared to Same Month in Prior Year
9.9%
8.8%
8.3%
8.4%
7.4%
7.2%
6.1%
4.5%
4.6%
3.6%
2.6%
1.4%
Dec-17Jan-18Feb-18Mar-18Apr-18May-18Jun-18Jul-18Aug-18Sep-18Oct-18Nov-18
General Fund sales tax collections as of FY2019 M02 are 106% to budget, and at 108% for
the same period last year. ax
collections as of FY2019 M02 are 109% to budget, and 107% for the same period last year.
C ITY O F F ORT W ORTH YTD N ET C OLLECTIONS C OMPARISON
Budget as of Current Receipts FY2018 Receipts
Period 2Through Period 2Through Period 2
CITY OF FORT WORTH
GENERAL FUND
$24,560,824$26,153,689$24,318,517
CRIME CONTROL AND PREVENTION DISTRICT11,543,10712,546,27311,707,505
TOTAL $36,103,931$38,699,962$36,026,023
C ITY OF F ORT W ORTH B UDGET C OMPARISON FY2019
Projected
Variance to Amended
AdoptedAmendedFiscal Year
BudgetBudgetProjections($)(%)
CITY OF FORT WORTH
GENERAL FUND $163,151,802$163,151,802$163,151,802$00.0%
CRIME CONTROL & PREVENTION DISTRICT$76,678,160$76,678,160$76,678,160$00.0%
The City anticipates collecting $163,151,802 by fiscal year end, which matches original estimates in the
FY2019 adopted budget.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10219
January 15, 2019
To the Mayor and Members of the City Council
Page 3 of 3
SUBJECT: NOVEMBER 2018 SALES TAX UPDATE
The chart below indicates how current year sales tax net collections in Fort Worth and other select cities
in the state compare to FY2018 collections for the same period.
C ITIES C OMPARISON N ET COLLECTIONS
FY2019 vs. FY2018
CityNovember
IRVING
114.2%
ARLINGTON
113.4%
FRISCO
107.5%
FORT WORTH
106.9%
DALLAS
106.3%
GRAND PRAIRIE
105.6%
SAN ANTONIO
102.9%
EL PASO
102.4%
AUSTIN
101.7%
GARLAND
100.1%
MCKINNEY
99.0%
PLANO
97.8%
HOUSTON
97.4%
STATE TOTAL
107.7%
Source: Allocation Payment Detail and Monthly All Fund Revenue Report, Texas Comptroller of Public Accounts
If you have any questions, please call Terry Hanson, Assistant Director of Budget and Analysis, at
817-392-7934.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS