Page 38 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Secured Receipts Recorded by County Property Tax Year

(Thousand Dollars)

MONTHLY 2016-17 2017-18 2018-19 2019-20 2020-21
ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
DECEMBER $496,242 $527,364 565,317 600,715 616,508 15,793 616,508 655,520
JANUARY 124,060 131,841 141,329 150,750 154,127 3,377 154,127 164,500
FEBRUARY 104,440 183,012 110,045 116,000 94,176 (21,824) 94,176 134,600
MARCH - - - - -
APRIL 344,489 293,788 406,409 432,980 454,818 464,050
MAY 154,622 161,086 189,495 197,591 200,380 202,530
JUNE - - -
JULY 28,405 38,734 20,692 22,510 24,100 25,910
AUGUST 6,034 6,922 6,551 6,880 8,396 7,860
SEPTEMBER
OCTOBER
NOVEMBER
TOTAL $1,258,291 $1,342,747 1,439,838 1,527,426 1,552,506 1,654,970
% Change 6.2% 6.7% 7.2% 6.1% 7.8% 6.6%
0
MONTHLY 2016-17 2017-18 2018-19 2019-20 2020-21
ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
DECEMBER $496,242 527,364 $565,317 $600,715 $616,508 $15,793 $616,508 $655,520
JANUARY 620,302 659,205 706,646 751,465 770,635 19,170 770,635 820,020
FEBRUARY 724,742 842,218 816,691 867,465 864,811 (2,654) 864,811 954,620
MARCH 724,742 842,218 816,691 867,465 864,811 (2,654) 864,811 954,620
APRIL 1,069,231 1,136,005 1,223,100 1,300,445 1,319,630 1,418,670
MAY 1,223,853 1,297,091 1,412,595 1,498,036 1,520,010 1,621,200
JUNE 1,223,853 1,297,091 1,412,595 1,498,036 1,520,010 1,621,200
JULY 1,252,257 1,335,825 1,433,287 1,520,546 1,544,110 1,647,110
AUGUST 1,258,291 1,342,747 1,439,838 1,527,426 1,552,506 1,654,970
SEPTEMBER 1,258,291 1,342,747 1,439,838 1,527,426 1,552,506 1,654,970
OCTOBER 1,258,291 1,342,747 1,439,838 1,527,426 1,552,506 1,654,970
NOVEMBER 1,258,291 1,342,747 1,439,838 1,527,426 1,552,506 1,654,970

Original Levy $1,240,604 $1,318,410 $1,413,293 $1,501,788 $1,541,270 $1,642,990
% Change 6.0% 6.3% 7.2% 6.3% 9.1% 6.6%
- Orig Levy
Adjusted Levy $1,257,918 $1,336,477 $1,438,942 $1,529,935 $1,552,505 $1,654,970
% Change 6.0% 6.2% 7.7% 6.3% 7.9% 6.6%
- Adj Levy
City Collection
Rate of Original 101.4% 101.8% 101.9% 101.7% 100.7% 100.7%
Levy
$ 372.44 $ 896.66 0.51
Above are monthly secured receipts by County tax year, which begins in December and therefore does not align with the City fiscal year.
The budget estimate for 2019-20 assumed 6.2 percent growth in assessed value (AV) and actual receipts. City AV growth of 6.8 percent
for the 2019 tax year was reported in the County's Annual Roll. Growth in year-over-year in securied receipts is 7.2 percent.

The Assessor has not provided a preliminary forecast for assessment year 2020. The estimated growth of 6.6 percent for the 2020
County tax year is based on 2019-20 receipts to date, measured against the original and adjusted levy, and average growth of prior
years.

26