Page 48 - FY 2021--22 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Vehicle License Fee (VLF) Replacement
(Thousand Dollars)

2017-18 2018-19 2019-20 2020-21 2021-22
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBER - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY 219,925 236,720 252,855 269,540 269,528 (12) 269,528 285,300
FEBRUARY - - 252,855 - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY 219,925 236,720 - 269,540 269,528 285,300
JUNE - - - - - -
TOTAL $ 439,849 $ 473,440 $ 505,710 $ 539,080 $ 539,055 $ 570,600
% Change 6.6% 7.6% 6.8% 6.6% 6.6% 5.9%
2017-18 2018-19 2019-20 2020-21 2021-22
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBER - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY 219,925 236,720 252,855 269,540 269,528 (12) 269,528 285,300
FEBRUARY 219,925 236,720 505,710 269,540 269,528 (12) 269,528 285,300
MARCH 219,925 236,720 505,710 269,540 269,528 (12) 269,528 285,300
APRIL 219,925 236,720 505,710 269,540 269,528 285,300
MAY 439,849 473,440 505,710 539,080 539,055 570,600
JUNE 439,849 473,440 505,710 539,080 539,055 570,600

Vehicle license fees (VLF) are in-lieu of an “ad valorem” tax on the value of non-exempt registered vehicles in the
State. The State collects this revenue and distributes receipts to local governments. Beginning in 2004-05, the
State redirected most local VLF monies to its budget and shifted property taxes to California cities to offset the
loss of VLF monies. This account receives the property taxes in-lieu of all but a small portion of VLF receipts. Of
all property tax components, VLF growth tracks most closely with the growth in assessed valuation projected by
the County Assessor. The County's estimate for percent growth reported in its 2020 annual tax roll is 6.6 percent.
The proposed budget assumes growth of 5.9 percent for 2021-22

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