Speaker 0: Recommendation to accept the quarterly sales tax report for the period ending December 31st, 2014, collected during the period to July 1st, 2014 to September 30th, 2014.
Speaker 5: Good evening, Madame Mayor and Council Members. Please be gentle. This first time I've been here talking about this. Introduce yourself. Oh, I'm sorry. My name is Brad Farmer, and I'm in the finance department. The city here. We're looking currently at the second quarter collections for sales tax that actually were sold and collected in the first quarter for last year. So just to remind you, I know two weeks ago you were reminded that there was a lag period of 90 days. This is the second one that we received. One of the nice parts about this current one is that we're at 40%. Compared to last year, we were at 32%. So we're a little bit ahead. One of the questions that did arise last time was there was a $313,000 one time adjustment. The entities that were adjusted to actually are on our normal tax roll. So that will continue to come forward. Second side you're seeing there is the best part is for the last 13 quarters were up 28%. And it seems to be a pretty solid trend line.
Speaker 0: Okay. Okay. But.
Speaker 5: In the. Trends that we see, we basically see strong sales pretty much across the board in the top 25 are really strong and top 100 continue to be very aggressive. Business and industry continue to lead the way. Order by restaurants in general. Consumer goods. Probably the biggest thing that we're going to have coming, I think, is going to be the online retail sales, which are going to come from the county pool. That seems to be the fastest growing area is me. Unless we can get more retailers in here and this is going to continue to probably be our fastest growing pool. This graph here shows you basically the industries. And as I said, business and industry restaurants and consumer goods tend to be really strong. The one concern that I would have if there's anything is going to be on fuel and as you noticed, the prices, I think when we were here last time, we're down about $0.25. Tesoro just had a strike, so prices jumped again, $0.30 in the last two weeks. And that all depends on what happens in the fracking industry and as the prices go up and down per barrel. But I think this is where we're going to see some loss in the next year, probably as well as HTL, who handles all of our sales tax. They also suggested that this might be the case. And then once again, we are still at the bottom of the chart as far as sales tax goes. The countywide tax, or this was another question that came up last time was 9%. In San Leandro, it's 9.25. Albany is 9.5 and else redo is 9.5. Those are all special taxes that their council along the voters represented and passed to get on to their ballots. We don't currently have that. Any questions?
Speaker 1: Thank you. Council members. Any questions? May we have a motion move?
Speaker 3: Approval of the staff report and recommendation.
Speaker 4: Second.
Speaker 1: All those in favor.
Speaker 5: I think.
Speaker 1: You think motion passes unanimously. Thank you. Next item.
Speaker 0: Or be recommendation to accept the Treasury report for the quarter ending December 31st, 2014.
Recommendation to Accept the Quarterly Sales Tax Report for the Period Ending December 31, 2014 Collected During the Period July 1, 2014 to September 30, 2014.  [City Council] (Finance 2410)