Page 53 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Redirection of CRA Funds - Tax Increment Revenue

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - 0 - -
AUGUST - - - - - - 0 - -
SEPTEMBER - - - - - - 0 - -
OCTOBER - - - - - - 0 - -
NOVEMBER - - - - - - 0 - -
DECEMBER - - - - - - 0 - -
JANUARY 20,309 25,165 32,568 36,320 30,311 (6,009) 30,311 32,040
FEBRUARY - - - - - - 0 - -
MARCH - - - - - - 0 - -
APRIL - - - - - -
MAY - - - - - -
JUNE 54,039 54,145 58,765 57,831 57,831 63,860

TOTAL $ 74,348 $ 79,311 $ 91,333 $ 94,151 $ 88,142 $ 95,900
% Change 33.5% 6.7% 15.2% 3.1% -3.5% 8.8%

2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBER - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY 20,309 25,165 32,568 36,320 30,311 (6,009) 30,311 32,040
FEBRUARY 20,309 25,165 32,568 36,320 30,311 (6,009) 30,311 32,040
MARCH 20,309 25,165 32,568 36,320 30,311 (6,009) 30,311 32,040
APRIL 20,309 25,165 32,568 36,320 30,311 32,040
MAY 20,309 25,165 32,568 36,320 30,311 32,040
JUNE 74,348 79,311 91,333 94,151 88,142 95,900
Tax increment estimates are preliminary and subject to change based on many factors such as interpretation of
legislation relative to enforceable obligations and the recommendations and decisions made by the Governing
Board, Oversight Board and the State Department of Finance (DOF). Distributions occur only after accounting for
certain fees, pass-throughs and enforceable obligations. Revenues are received in advance of the allocation
period. Estimated 2019-20 and 2020-21 revenue assumes conservative tax increment growth (receipts) and uses
the projected enforceable obligations for the June 2020 and January 2021 payments.

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