Page 89 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Interest Income

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 2,720 9,371 19,663 3,058 28,960 25,902 28,960 12,822
AUGUST 10,004 2,177 (2,506) 3,058 (15,169) (18,227) (15,169) 2,581
SEPTEMBE (1,775) (3,914) (7,636) 3,058 16,880 13,822 16,880 462
OCTOBER (850) 9,761 15,123 3,058 (4,909) (7,967) (4,909) 3,739
NOVEMBER 2,001 (778) (2,211) 3,058 (5,342) (8,400) (5,342) 2,780
DECEMBER (1,834) (4,238) (190) 3,058 17,440 14,382 17,440 1,968
JANUARY 8,304 12,755 5,421 3,058 (130) (3,188) (130) 2,085
FEBRUARY (1,400) (3,698) 2,950 3,058 (7,505) (10,563) (7,505) 5,186
MARCH 1,702 (3,285) (7,689) 3,058 15,777 12,719 15,777 (922)
APRIL (5,065) 10,511 17,884 3,058 (1,114) 2,622
MAY 10,169 366 (2,721) 3,058 (1,114) 6,239
JUNE (2,918) (4,114) (3,989) 3,062 (1,114) (4,949)
TOTAL $ 21,056 $ 24,916 $ 34,099 $ 36,700 $ 42,661 $ 34,613
% Change 0.4% 18.3% 36.9% 7.6% 25.1% -18.9%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 2,720 9,371 19,663 3,058 28,960 25,902 28,960 12,822
AUGUST 12,723 11,549 17,157 6,116 13,790 7,674 13,790 15,403
SEPTEMBE 10,948 7,634 9,521 9,174 30,670 21,496 30,670 15,865
OCTOBER 10,098 17,395 24,644 12,232 25,762 13,530 25,762 19,604
NOVEMBER 12,099 16,617 22,433 15,290 20,420 5,130 20,420 22,384
DECEMBER 10,265 12,380 22,243 18,348 37,860 19,512 37,860 24,352
JANUARY 18,569 25,135 27,664 21,406 37,730 16,324 37,730 26,437
FEBRUARY 17,169 21,437 30,614 24,464 30,225 5,761 30,225 31,623
MARCH 18,870 18,152 22,926 27,522 46,003 18,481 46,003 30,701
APRIL 13,805 28,664 40,809 30,580 44,889 33,323
MAY 23,974 29,030 38,088 33,638 43,775 39,562
JUNE 21,056 24,916 34,099 36,700 42,661 34,613
The adopted and revised estimates are provided by the Office of Finance. Interest income credited to the General
Fund through March is not a predictor of current year receipts since the amounts shown include interest earnings
that must be credited to proprietary departments and special funds before the end of the fiscal year. These
transfers are reflected in the table above as negative receipts. The 2019-20 and 2020-21 estimates were based
on forecast provided by Office of Finance to reflect the impact of recent interest rate reductions by the Federal
Reserve. Subsequent to finalizing the proposed budget, Finance has since reduced its estimates, which are now
reflected in the table below.

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