Page 70 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transient Occupancy Tax - All Sources

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 20,253 24,185 28,194 28,610 31,706 3,096 31,706 10,731
AUGUST 18,595 30,005 30,292 30,710 28,210 (2,500) 28,210 12,158
SEPTEMBE 30,896 25,698 28,243 29,030 30,370 1,340 30,370 11,503
OCTOBER 19,395 23,919 25,843 24,190 26,725 2,535 26,725 14,986
NOVEMBER 23,599 26,191 28,095 24,280 25,632 1,352 25,632 16,191
DECEMBER 20,461 21,468 20,349 27,950 22,580 (5,370) 22,580 27,503
JANUARY 19,099 19,976 24,283 23,710 24,665 955 24,665 23,616
FEBRUARY 14,887 22,134 22,482 23,180 21,717 (1,463) 21,717 23,046
MARCH 26,260 24,314 28,256 27,900 24,368 (3,532) 24,368 27,382
APRIL 21,567 27,054 28,115 27,860 14,176 25,686
MAY 24,401 27,844 27,738 28,820 11,203 25,440
JUNE 26,239 26,317 26,998 30,380 11,319 26,618
TOTAL $ 265,653 $ 299,108 $ 318,888 $ 326,620 $ 272,670 $ 244,860
% Change 15.1% 12.6% 6.6% 2.4% -14.5% -10.2%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 20,253 24,185 28,194 28,610 31,706 3,096 31,706 10,731
AUGUST 38,848 54,190 58,486 59,320 59,916 596 59,916 22,889
SEPTEMBE 69,743 79,888 86,729 88,350 90,287 1,937 90,287 34,392
OCTOBER 89,139 103,808 112,572 112,540 117,011 4,471 117,011 49,378
NOVEMBER 112,738 129,999 140,667 136,820 142,643 5,823 142,643 65,569
DECEMBER 133,199 151,467 161,016 164,770 165,223 453 165,223 93,072
JANUARY 152,298 171,443 185,299 188,480 189,888 1,408 189,888 116,688
FEBRUARY 167,186 193,577 207,780 211,660 211,604 (56) 211,604 139,734
MARCH 193,445 217,892 236,037 239,560 235,972 (3,588) 235,972 167,116
APRIL 215,013 244,946 264,152 267,420 250,148 192,802
MAY 239,414 272,790 291,890 296,240 261,351 218,242
JUNE 265,653 299,108 318,888 326,620 272,670 244,860
The transient occupancy tax (TOT) is levied on the rate of hotel and motel rooms and other properties rented for
30 days or less. TOT is paid by the occupant and is collected and remitted to the City by the operator (host). The
tax rate is 14 percent, of which 13 percent is remitted to the General Fund and 1 percent is remitted to the Greater
Los Angeles Visitors and Convention Bureau Trust Fund. Due to the COVID-19 pandemic's impact to tourism and
the predicted recession to follow, a significant drop in receipts is expected.

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