Page 47 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Adjustments

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ (58) 34 (1,510) 78 (9) (87) (9) -
AUGUST 1 289 366 78 593 515 593 -
SEPTEMBER - - - - - - 0 - -
OCTOBER - - - - - - 0 - -
NOVEMBER 67 (137) (71) 78 - (78) - -
DECEMBER 766 7 (2) 78 - (78) - -
JANUARY 9 (1) 269 78 - (78) - -
FEBRUARY (93) (20) (2) 78 274 196 274 -
MARCH (38) 683 2 78 - (78) - -
APRIL - (19) 1 78 - -
MAY 9 (14) (2) 78 - -
JUNE - - 8 - - -

TOTAL $ 663 $ 821 $ (941) $ 702 $ 858 $ -
% Change 425.4% 23.9% -214.6% -174.6% -191.2% -100.0%

2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ (58) 34 (1,510) 78 (9) (87) (9) -
AUGUST (58) 323 (1,145) 156 584 428 584 -
SEPTEMBER (58) 323 (1,145) 156 584 428 584 -
OCTOBER (58) 323 (1,145) 156 584 428 584 -
NOVEMBER 9 186 (1,215) 234 584 350 584 -
DECEMBER 775 193 (1,217) 312 584 272 584 -
JANUARY 784 192 (948) 390 584 194 584 -
FEBRUARY 692 172 (950) 468 858 390 858 -
MARCH 654 854 (948) 546 858 312 858 -
APRIL 654 836 (948) 624 858 -
MAY 663 821 (950) 702 858 -
JUNE 663 821 (941) 702 858 -
This category captures what is usually a relatively small amount of property tax adjustment activity due to
assessment appeal reductions; mistakes; incorrect assessments; monies previously directed to Central Business
Districts (CBD) Community Redevelopment Agency; or corrections to assessment payments collected by the
Treasurer/Tax Collector. Adjustments can be either positive or negative. Since these adjustments are usually
under $1 million annually and could be either positive or negative, budget estimates typically include all entries to
date for the current fiscal year. 2020-21 makes no assumptions for adjustments.

The adjustment total for 2018-19 reflects the impact of the CRA-related tax settlement agreement with the Los
Angeles Community College District.

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