CITY OF FOWLER SALES TAX UPDATE 3Q2022JULY-S SEPTEMBER)  FOWLER TOTAL: $555,721 Allocationa $280,000 $240,000 $200,000 $160,000 $120,000 80,000 40,000  31.6% 3Q2022  3.7% COUNTY  8.0% STATE  tivity  SALES TAXI BY MAJOR BUSINESS GROUP  Legend Q32021* Q32 2022*  Business and Industry  Fuela and Service Stations  County ands State Pools  Autos and Transportation  Restaurants and. Hotels  General Consumer Goods  Food and Drugs  Measure N TOTAL: $557,777 15.5%  CITYOF FOWLER HIGHLIGHTS  0 TOP: 25 PRODUCERS  Fowler's receipts from July through to be reporting once again. Meanwhile, 76 September were 20.1% above the third spending on transportation needs also Amerigas Propane  Mid Valley Packaging & Supply Packline Technologies Pape Machinery Manufacturing Repair Equipment Co Shell Shop N Go Sierra Auto Center Taco Bell Textrail Trailer Parts Voortman USA HdI Companies  sales periodi in 2021. Excluding reporting grew this period. adjustments, actual receipts for the period were up 31.6%.  Arco AMF PM Big Tex Trailers Equipment in Dollar General Motors Freedom Forever Procurement  Results fort thei fuel-service: station group Borga Steel Buildings & PBM Supply &  seem to indicate that local outlets are Components  Results this period bely the fact that the being bypassed in favor of others ini the Central States Industrial R&RTruck & Trailer  economy is starting to slow following area. last year's rapid expansion. The minor goods sales activity give hints tot this changing environment. Fortunately, the business-industry  Daumar Corporation Rdo Contrusction  declines in restaurant and general Measure N's results also reflect several  onetime transactions and of inflation.  consumer  growth  construction spending beyond the rate Family  group landed a pair of onetime tax Net of adjustments, taxable sales for all Gee Manufacturing allocations related to equipment sold to of Fresno County grew 3.7% over the Johnny Quik local industry and a taxpayer who had comparable time period while those of McDonald's stopped reporting previously appears the San. Joaquin' Valley were up 6.4%.  wwwhdcompaniescomle 888.861.0220  Published by HdL Companies in Winter 2023    3Q: 2022  CITYOFFOWLER SALESTAXUPDATE  STATEWIDE RESULTS  Local one cent sales and use tax for sales suppliers boosted the buliding-construction results. Otherwise, retailers experienced occurring July through September was 8% sector. Solid residential and commercial flat to decreased receipts as many apparel higher than the same quarter one year ago housing prices persisted despite recent categories, home furnishings and sporting after adjusting for accounting anomalies interest rate hikes. Tenant improvements goods struggled to keep pace with the and back payments from previous quarters. further support spending activity as prior year. As consumers balanced summer These returns mark another: strong period of businesses assess future office needs. With opportunities and higher prices, in-store growthi fort the California: spendinge economy. statewide new housing requirements and shopping appears to have taken at temporary the larger concern of inflation, consumers Steady investment in capital equipment kesceranyhaveconsumetscontemplating maintained purchases on multiple fronts, coupled with the overall increased price of where to spend their dollars. However, especially automobiles. Surprisingly, new goods enhanced both business-industry and historically low statewide unemployment inventory and demand for higher mileage For the second straight quarter, fuel sales modest optimism heading into 2023.  federal infrastructure funding on the horizon, back seat.  Evena ast the Federal Reserve Board continued current forecasts stay optimistic.  ramping upi interest ratesi in an effort to curb  Sustained price increases and interest rate  car dealers experienced 10% gains over countywide use tax pool allocations. vehicles including electric and hybrid linked to discount department stores models helped support growth. In addition, propped up general consumer goods  rates and the recovery of the national stock markets from declines earlier this year leave  the comparable period in 2021. Limited  the increased cost of used vehicles has pushed many into the new vehicle market; auto leasing activity remained: soft. For Californians, the summer of 2022 had the highest gas prices on record; subsequently fuel and service stations receipts jumped 21%. Commuters and summer travel remained steady, yet overall consumption still trails pre-pandemic levels by: approximately 13%. Although the Russia- Ukraine conflict initially caused a dramatic shift in global crude oil markets, prices have begunt toy pulll back closert tol historical norms. Restaurants experienced a strong uptick as increased menu prices, consistent desire to dine out and strong tourism contributed $8,000 to this favorable news. Just as important, $6,000 theme parks, elsure-entertainment venues and hotels pushed positive momentum $4,000 back to 2019 levels. With tightening profit $2,000 margins ands sustained labor concerns, future improvement could be slowed compared to Busy contractors and plumbing-electrical  REVENUE BY BUSINESS GROUP  inc contrast, sales of recreation vehicles and Fowler This Quarter*  Fuel 17% 2% Others Pools 14% Restaurants 6% Autos/Trans. 8% Building 6%  Bus./Ind. 46%  FOR ECONOMIC DATA  SALES PER CAPITA*  $0 Q3 19 Fowler  Q3 20 California  Q3 21  Q3 22 FOR ECONOMICDATA  thel last two years.  County