Page 52 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Redirection of Community Redevelopment Agency Funds - All Sources

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - 5,316 - - - - 0 - -
AUGUST - - - - - - 0 - -
SEPTEMBER - - - - - - 0 - -
OCTOBER 7,886 - - - 972 972 972 -
NOVEMBER - - - - - - 0 - -
DECEMBER - - 3,000 4,406 - (4,406) - -
JANUARY 41,337 25,963 32,568 36,320 30,311 (6,009) 30,311 32,040
FEBRUARY - - - - - - 0 - -
MARCH - - - - - - 0 - -
APRIL - - - - - -
MAY - - - - - -
JUNE 54,039 57,228 38,402 59,660 58,230 63,860

TOTAL $ 103,262 $ 88,507 $ 73,971 $ 100,386 $ 89,513 $ 95,900
% Change 85.4% -14.3% -16.4% 35.7% 21.0% 7.1%

2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - 5,316 - - - - - -
AUGUST - 5,316 - - - - - -
SEPTEMBER - 5,316 - - - - - -
OCTOBER 7,886 5,316 - - 972 972 972 -
NOVEMBER 7,886 5,316 - - 972 972 972 -
DECEMBER 7,886 5,316 3,000 4,406 972 (3,433) 972 -
JANUARY 49,223 31,279 35,569 40,726 31,283 (9,443) 31,283 32,040
FEBRUARY 49,223 31,279 35,569 40,726 31,283 (9,443) 31,283 32,040
MARCH 49,223 31,279 35,569 40,726 31,283 (9,443) 31,283 32,040
APRIL 49,223 31,279 35,569 40,726 31,283 32,040
MAY 49,223 31,279 35,569 40,726 31,283 32,040
JUNE 103,262 88,507 73,971 100,386 89,513 95,900
The dissolution of the former Community Redevelopment Agency under AB1x26 results in the redistribution of net
Tax Increment (TI) resources to the various taxing entities, including the county, schools and the City. The City
began receiving additional property tax payments (former TI funds) beginning in June 2012. A second component
of miscellaneous revenue consists of one-time monies from the due diligence review and subsequent distribution
of former CRA funds, for which the City received its last distribution in 2013-14, as well as the proceeds from the
sale of surplus properties. This page represents the sum of both the tax increment and miscellaneous
components. The drop in 2018-19 revenue reflects the impact of a tax settlement agreement.

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