Page 38 - FY 2021--22 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Secured
(Thousand Dollars)

2017-18 2018-19 2019-20 2020-21 2021-22
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 28,405 38,734 20,692 24,100 9,975 (14,125) 9,975 21,135
AUGUST 6,034 6,922 6,551 8,396 12,935 4,539 12,935 6,800
SEPTEMBER - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER 527,364 565,317 616,508 655,520 655,553 33 655,553 678,600
JANUARY 131,841 141,329 154,127 164,500 163,888 (612) 163,888 169,650
FEBRUARY 183,012 110,045 94,176 134,600 84,054 (50,546) 84,054 132,090
MARCH - - - - - - - -
APRIL 293,788 406,409 454,818 464,050 499,151 487,840
MAY 161,086 189,495 117,360 202,530 189,500 227,460
JUNE - - 64,402 - - -
TOTAL $ 1,331,529 $ 1,458,252 $ 1,528,635 $ 1,653,696 $ 1,615,056 $ 1,723,575
% Change 6.9% 9.5% 4.8% 8.2% 5.7% 6.7%
2017-18 2018-19 2019-20 2020-21 2021-22
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 28,405 38,734 20,692 24,100 9,975 (14,125) 9,975 21,135
AUGUST 34,438 45,656 27,243 32,496 22,911 (9,585) 22,911 27,935
SEPTEMBER 34,438 45,656 27,243 32,496 22,911 (9,585) 22,911 27,935
OCTOBER 34,438 45,656 27,243 32,496 22,911 (9,585) 22,911 27,935
NOVEMBER 34,438 45,656 27,243 32,496 22,911 (9,585) 22,911 27,935
DECEMBER 561,802 610,974 643,751 688,016 678,463 (9,553) 678,463 706,535
JANUARY 693,644 752,303 797,878 852,516 842,351 (10,165) 842,351 876,185
FEBRUARY 876,656 862,348 892,054 987,116 926,406 (60,710) 926,406 1,008,275
MARCH 876,656 862,348 892,054 987,116 926,406 (60,710) 926,406 1,008,275
APRIL 1,170,444 1,268,757 1,346,873 1,451,166 1,425,556 1,496,115
MAY 1,331,529 1,458,252 1,464,233 1,653,696 1,615,056 1,723,575
JUNE 1,331,529 1,458,252 1,528,635 1,653,696 1,615,056 1,723,575

The County tax year runs from December to August, overlapping two City fiscal years. Receipts in July and
August belong to the prior County tax year. Variations in the amounts remitted in May and in July and August shift
property tax receipts between fiscal years which can skew growth rates reported for both. Please refer to the
previous page for assumed growth.
The February spike in 2017-18 revenue (and its echoing drop in 2018-19) in the chart below can be attributed to
early tax payments made by property owners in response to federal income tax deduction changes. The
pandemic's impact to remittances (vs property values) is reflected in the partially delayed May remittance from
the County, received in June in 2019-20. Receipts since the pandemic have been lower than plan and are
attributed to delinquent payments. Lower collections are presumed for the rest of 2020-21 and 2021-22, as
indicated by the low February 2021 remittance.

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