Page 77 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Documentary Transfer Tax - Corporate Legal Entity Transfers

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 5 11 291 280 - (280) - 260
AUGUST 115 - 500 280 1,497 1,217 1,497 260
SEPTEMBE 743 603 2 280 - (280) - 260
OCTOBER 21 52 80 280 408 128 408 260
NOVEMBER 6 1,270 1,648 280 678 398 678 260
DECEMBER - 89 363 280 11 (269) 11 260
JANUARY - - - 280 413 133 413 260
FEBRUARY 53 178 1,008 280 4 (276) 4 260
MARCH 133 340 - 280 45 (235) 45 260
APRIL 5 427 95 280 258 260
MAY 7 - - 280 260 260
JUNE 57 - - 280 260 260
TOTAL $ 1,144 $ 2,969 $ 3,987 $ 3,360 $ 3,835 $ 3,120
% Change -58.3% 159.4% 34.3% -15.7% -3.8% -18.6%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 5 11 291 280 - (280) - 260
AUGUST 120 11 791 560 1,497 937 1,497 520
SEPTEMBE 863 614 793 840 1,497 657 1,497 780
OCTOBER 884 665 872 1,120 1,906 786 1,906 1,040
NOVEMBER 890 1,935 2,520 1,400 2,584 1,184 2,584 1,300
DECEMBER 890 2,024 2,884 1,680 2,595 915 2,595 1,560
JANUARY 890 2,024 2,884 1,960 3,009 1,049 3,009 1,820
FEBRUARY 943 2,202 3,892 2,240 3,012 772 3,012 2,080
MARCH 1,076 2,542 3,892 2,520 3,057 537 3,057 2,340
APRIL 1,081 2,969 3,987 2,800 3,315 2,600
MAY 1,088 2,969 3,987 3,080 3,575 2,860
JUNE 1,144 2,969 3,987 3,360 3,835 3,120
This revenue is received when the controlling interest of a legal entity holding real property is transferred. Fiscal
year 2010-11 marks the first year of its collection. This revenue can be erratic, exhibiting significant fluctuations
from month to month, which is best exemplified by a $12.4 million transfer received in August 2014-15. The
variability of receipts makes this revenue difficult to project and receipts to date are below those from prior years.
The revised 2019-20 estimate assumes the 12-mo average of receipts for the last three months of the fiscal year.
The 2020-21 revenue assumes average monthly receipts.

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