Page 54 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Redirection of CRA Funds - Miscellaneous Revenue

(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 21,028 798 - - - - 0 - -
FEBRUARY - - - - - - 0 - -
MARCH - - - - - - 0 - -
APRIL - - - - - -
MAY - - - - - -
JUNE - 3,083 (20,363) 1,829 399 -

TOTAL $ 28,914 $ 9,197 $ (17,363) $ 6,235 $ 1,371 $ -
% Change NA -68.2% -288.8% -135.9% -107.9% -100.0%

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 28,914 6,114 3,000 4,406 972 (3,433) 972 -
FEBRUARY 28,914 6,114 3,000 4,406 972 (3,433) 972 -
MARCH 28,914 6,114 3,000 4,406 972 (3,433) 972 -
APRIL 28,914 6,114 3,000 4,406 972 -
MAY 28,914 6,114 3,000 4,406 972 -
JUNE 28,914 9,197 (17,363) 6,235 1,371 -
Per redevelopment dissolution law, two due diligence reviews of CRA's Low and Moderate Income Housing Fund
and Other Funds and Accounts were to be conducted with excess funds distributed to taxing entities. Both reviews
have been completed and the City received its final share of these funds in August 2013. Additional miscellaneous
revenue may be received with the sale of excess property; although, the timing of receipts are unknown. 2018-19
miscellaneous receipts reflect the impact of a tax settlement agreement. 2019-20 revenue has been updated to
reflect actual and projected receipts from surplus property sales. No receipts are assumed for 2020-21.
Other anticipated receipts from the sale of City-optioned properties are now expected to be received in 2021-22 .

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