2012 Comprehensive Annual Financial Report - the City of Tukwila

2012 Comprehensive Annual Financial Report - the City of Tukwila 2012 Comprehensive Annual Financial Report - the City of Tukwila

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CITY OF TUKWILA: 2012 CAFRSTATISTICAL SECTIONCITY OF TUKWILA, WASHINGTONSCHEDULE 5GENERAL GOVERNMENTAL TAX REVENUES BY SOURCELAST TEN FISCAL YEARSFiscal Year Property Sales & Use Utility (a) Excise Business Other (b) Total Taxes2003 $ 9,854,007 $ 16,171,756 $ 1,591,922 $ 3,500,318 $ 431,188 $ 437,031 $ 31,986,2222004 10,493,728 16,293,960 2,309,787 4,068,110 530,725 451,863 34,148,1732005 10,627,410 16,887,845 2,646,356 3,222,936 408,798 831,530 34,624,8752006 11,018,846 17,591,260 2,930,332 4,938,515 402,784 920,077 37,801,8142007 11,177,532 19,355,867 3,666,079 4,124,168 405,973 931,173 39,660,7922008 11,245,973 17,709,319 3,934,210 3,003,438 475,500 1,089,344 37,457,7852009 12,190,219 14,585,015 6,172,569 2,824,407 738,341 656,730 37,167,2812010 13,188,942 14,251,312 6,134,494 2,488,357 727,151 301,867 37,092,1222011 13,427,139 16,113,584 5,424,643 1,780,294 667,064 622,955 38,035,6812012 14,072,015 15,441,683 4,001,385 3,201,098 2,497,606 2,288,822 41,502,608change 2002-2011 42.8% -4.5% 73.2% -8.5% 479.2% 423.7% 29.8%Notes:(a)Utility taxes enacted beginning in 2003 for electric, natural gas, cable and telephone utilities are assessed at rates of 6.0%.A utility tax was added in 2009 for solid waste and recycling assessed at a 6.0% rate.A utility tax rate of 10.0% was added in 2010 on the City's water, sewer, and stormwater utilities.(b)"Other Taxes" include a hotel/motel tax, penalties and interest on delinquent taxes and other miscellaneous tax revenues.Source:Tukw ila Finance DepartmentTax Revenue by Source$50,000,000$40,000,000$30,000,000$20,000,000$10,000,000OtherBusiness TaxExcise TaxUtilty TaxSales & Use TaxProperty Tax$‐2003 2004 2005 2006 2007 2008 2009 2010 2011 2012144

CITY OF TUKWILA: 2012 CAFRSTATISTICAL SECTIONCITY OF TUKWILA, WASHINGTONSCHEDULE 6PROPERTY TAX LEVIES AND COLLECTIONSLAST TEN FISCAL YEARSFiscal YearCollected Within the Fiscal Yearof the LevyTaxes Levied forFiscal Year Amount % of LevyTotal Collections to DateCollections inSubsequent Years Amount % of Levy2003 $ 10,136,315 $ 9,924,909 97.91% $ 210,119 $ 10,135,028 99.99%2004 10,489,114 10,345,276 98.63% 143,328 10,488,604 100.00%2005 10,731,724 10,593,753 98.71% 137,447 10,731,200 100.00%2006 10,973,030 10,844,728 98.83% 124,953 10,969,681 99.97%2007 11,177,532 10,994,127 98.36% 181,457 11,175,584 99.98%2008 11,411,293 11,194,247 98.10% 213,805 11,408,051 99.97%2009 12,283,193 12,017,213 97.83% 255,352 12,272,564 99.91%2010 13,234,489 13,152,036 99.38% 38,253 13,190,289 99.67%2011 13,385,080 13,225,338 98.81% 91,997 13,317,336 99.49%2012 13,705,220 13,521,621 98.66% - 13,521,621 98.66%Source:King County Office of Finance145

CITY OF TUKWILA: <strong>2012</strong> CAFRSTATISTICAL SECTIONCITY OF TUKWILA, WASHINGTONSCHEDULE 5GENERAL GOVERNMENTAL TAX REVENUES BY SOURCELAST TEN FISCAL YEARSFiscal Year Property Sales & Use Utility (a) Excise Business O<strong>the</strong>r (b) Total Taxes2003 $ 9,854,007 $ 16,171,756 $ 1,591,922 $ 3,500,318 $ 431,188 $ 437,031 $ 31,986,2222004 10,493,728 16,293,960 2,309,787 4,068,110 530,725 451,863 34,148,1732005 10,627,410 16,887,845 2,646,356 3,222,936 408,798 831,530 34,624,8752006 11,018,846 17,591,260 2,930,332 4,938,515 402,784 920,077 37,801,8142007 11,177,532 19,355,867 3,666,079 4,124,168 405,973 931,173 39,660,7922008 11,245,973 17,709,319 3,934,210 3,003,438 475,500 1,089,344 37,457,7852009 12,190,219 14,585,015 6,172,569 2,824,407 738,341 656,730 37,167,2812010 13,188,942 14,251,312 6,134,494 2,488,357 727,151 301,867 37,092,1222011 13,427,139 16,113,584 5,424,643 1,780,294 667,064 622,955 38,035,681<strong>2012</strong> 14,072,015 15,441,683 4,001,385 3,201,098 2,497,606 2,288,822 41,502,608change 2002-2011 42.8% -4.5% 73.2% -8.5% 479.2% 423.7% 29.8%Notes:(a)Utility taxes enacted beginning in 2003 for electric, natural gas, cable and telephone utilities are assessed at rates <strong>of</strong> 6.0%.A utility tax was added in 2009 for solid waste and recycling assessed at a 6.0% rate.A utility tax rate <strong>of</strong> 10.0% was added in 2010 on <strong>the</strong> <strong>City</strong>'s water, sewer, and stormwater utilities.(b)"O<strong>the</strong>r Taxes" include a hotel/motel tax, penalties and interest on delinquent taxes and o<strong>the</strong>r miscellaneous tax revenues.Source:Tukw ila Finance DepartmentTax Revenue by Source$50,000,000$40,000,000$30,000,000$20,000,000$10,000,000O<strong>the</strong>rBusiness TaxExcise TaxUtilty TaxSales & Use TaxProperty Tax$‐2003 2004 2005 2006 2007 2008 2009 2010 2011 <strong>2012</strong>144

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