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INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10239
February 12, 2019
To the Mayor and Members of the City Council
Page 1 of 3
SUBJECT: DECEMBER 2018 SALES TAX UPDATE
Sales tax revenue represents approximately twenty-two 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 December 2018 (Fiscal
Year 2019, Period 3) collection results on February 6th, 2019. Actual receipts are dependent upon the
timeliness and accuracy of sales tax payers' returns. This report provides
collection compared to last year
D ECEMBER N ET S ALES T AX C OLLECTIONS (10-YEAR H ISTORY)
$16.6
$15.9
$15.0
$14.9
$10.7 $14.4
$13.4
$12.5
$12.1
$11.9
12345678910
The Citup $674,854 or 4.2%, compared to the same month last year. As
depicted in the table below, the City experienced $572,460 or a 3.6% increase when compared to last
Current period collections include transactions that were
collected for the current period on schedule within the due date.
C OLLECTION D ETAIL FOR C ITY S ALES T AX
December 17December 18Variance ($)Variance (%)
Current Period Collections$16,103,624$16,676,084$572,4603.6%
Other Collections121,909270,259148,350121.7%
Audit Adjustments108,91472,999(35,915)(33.0%)
Service Fee(326,689)(340,387)(13,698)(4.2%)
Retainage(73,441)(69,784)3,6565.0%
Net Collections
$15,934,318$16,609,171$674,8544.2%
*O THER 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. 10239
February 12, 2019
To the Mayor and Members of the City Council
Page 2 of 3
SUBJECT: DECEMBER 2018 SALES TAX UPDATE
C URRENT P ERIOD C OLLECTIONS
Change Compared to Same Month in Prior Year
9.9%
8.3%
8.4%
8.8%
7.4%
7.2%
4.5%
4.6%
3.6%3.6%
2.6%
1.4%
Jan-18Feb-18Mar-18Apr-18May-18Jun-18Jul-18Aug-18Sep-18Oct-18Nov-18Dec-18
General Fund sales tax collections as of FY2019 M03 are 102% to budget, and at 106% for
the same period last year. ax
collections as of FY2019 M03 are 103% to budget, and 106% 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
CITY OF FORT WORTHPeriod 3Through Period 3Through Period 3
GENERAL FUND $42,028,011$42,762,861$40,252,835
CRIME CONTROL AND PREVENTION DISTRICT19,752,34420,363,15519,163,505
TOTAL $61,780,355$63,126,015$59,416,340
C ITY OF F ORT W ORTH B UDGET C OMPARISON FY2019
Projected
Variance to Amended
AdoptedAmendedFiscal Year
BudgetBudgetProjections($)(%)
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. 10239
February 12, 2019
To the Mayor and Members of the City Council
Page 3 of 3
SUBJECT: DECEMBER 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
CityOctoberNovemberDecember1st Quarter
IRVING
109.0%114.2%115.2%113.0%
ARLINGTON
113.0%113.4%108.5%111.3%
AUSTIN
117.3%101.7%105.9%108.0%
SAN ANTONIO
114.6%102.9%103.4%106.6%
FORT WORTH
108.2%106.9%104.2%106.2%
MCKINNEY
109.8%99.0%108.2%105.8%
DALLAS
101.6%106.3%105.9%104.7%
GRAND PRAIRIE
107.2%105.6%100.7%104.1%
GARLAND
109.5%100.1%100.8%103.1%
FRISCO
106.6%107.5%97.4%103.1%
PLANO
102.6%97.8%106.9%103.0%
EL PASO
100.6%102.4%104.7%102.8%
HOUSTON
100.5%97.4%99.4%99.2%
STATE TOTAL
107.3%107.7%104.7%106.5%
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