Page 79 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Parking Occupancy Tax

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 9,205 10,325 9,636 11,030 5,863 (5,167) 5,863 4,320
AUGUST 8,559 6,701 10,780 9,770 16,172 6,402 16,172 3,752
SEPTEMBE 9,820 10,034 10,166 10,390 8,748 (1,642) 8,748 8,198
OCTOBER 10,061 11,447 9,600 9,080 8,487 (593) 8,487 8,120
NOVEMBER 8,585 8,109 10,458 9,105 9,688 583 9,688 8,670
DECEMBER 8,621 8,640 6,200 10,265 11,288 1,023 11,288 9,820
JANUARY 10,622 9,590 10,429 11,330 8,190 (3,140) 8,190 10,720
FEBRUARY 5,802 11,624 9,443 8,290 11,616 3,326 11,616 7,440
MARCH 8,360 8,846 10,332 10,510 7,303 (3,207) 7,303 10,630
APRIL 9,323 7,292 10,110 9,175 6,160 9,070
MAY 10,544 12,827 13,323 11,555 4,488 11,410
JUNE 11,659 10,502 10,473 11,400 3,996 9,850
TOTAL $ 111,161 $ 115,937 $ 120,949 $ 121,900 $ 102,000 $ 102,000
% Change 0.0% 4.3% 4.3% 0.8% -15.7% 0.0%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 9,205 10,325 9,636 11,030 5,863 (5,167) 5,863 4,320
AUGUST 17,764 17,026 20,415 20,800 22,035 1,235 22,035 8,072
SEPTEMBE 27,584 27,060 30,581 31,190 30,784 (406) 30,784 16,270
OCTOBER 37,645 38,507 40,180 40,270 39,270 (1,000) 39,270 24,390
NOVEMBER 46,230 46,616 50,638 49,375 48,958 (417) 48,958 33,060
DECEMBER 54,851 55,256 56,838 59,640 60,246 606 60,246 42,880
JANUARY 65,473 64,846 67,267 70,970 68,436 (2,534) 68,436 53,600
FEBRUARY 71,275 76,470 76,710 79,260 80,053 793 80,053 61,040
MARCH 79,635 85,316 87,042 89,770 87,356 (2,414) 87,356 71,670
APRIL 88,958 92,608 97,152 98,945 93,516 80,740
MAY 99,502 105,435 110,476 110,500 98,004 92,150
JUNE 111,161 115,937 120,949 121,900 102,000 102,000
The parking occupancy tax is levied on the rent of parking spaces, equal to 10 percent of the parking fee. Monthly
receipts fluctuates significantly, but generally grow over time. While current year receipts have tracked close to
prior year actuals, it has been revised downward to reflect the projected impact of the pandemic during the last
quarter of the fiscal year. 2020-21 estimate is projected to remain flat. The potential liability of refunding pre-paid
parking occupancy taxes paid on behalf of season-ticket holders due to possible cancellation of sporting and
entertainment seasons is not included in the estimate.

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