Page 49 - FY 2021--22 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Redirection of Community Redevelopment Agency Funds - All Sources
(Thousand Dollars)

2017-18 2018-19 2019-20 2020-21 2021-22
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 5,316 - - - - - - -
AUGUST - - - - - - - -
SEPTEMBER - - - - - - - -
OCTOBER - - 972 - - - - -
NOVEMBER - - - - 923 923 923 -
DECEMBER - 3,000 - - - - - -
JANUARY 25,963 32,568 30,311 32,040 53,630 21,590 53,630 59,240
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - - 447 - - -
MAY - - - - - -
JUNE 57,228 38,402 52,325 63,860 50,024 52,750
TOTAL $ 88,507 $ 73,971 $ 84,054 $ 95,900 $ 104,576 $ 111,990
% Change -14.3% -16.4% 13.6% 14.1% 24.4% 7.1%
2017-18 2018-19 2019-20 2020-21 2021-22
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 5,316 - - - - - - -
AUGUST 5,316 - - - - - - -
SEPTEMBER 5,316 - - - - - - -
OCTOBER 5,316 - 972 - - - - -
NOVEMBER 5,316 - 972 - 923 923 923 -
DECEMBER 5,316 3,000 972 - 923 923 923 -
JANUARY 31,279 35,569 31,283 32,040 54,552 22,512 54,552 59,240
FEBRUARY 31,279 35,569 31,283 32,040 54,552 22,512 54,552 59,240
MARCH 31,279 35,569 31,283 32,040 54,552 22,512 54,552 59,240
APRIL 31,279 35,569 31,729 32,040 54,552 59,240
MAY 31,279 35,569 31,729 32,040 54,552 59,240
JUNE 88,507 73,971 84,054 95,900 104,576 111,990

The dissolution of the former Community Redevelopment Agency under AB1x26 resulted in the redistribution of
net Tax Increment (TI) resources to the various taxing entities, including the county, schools and the City. The
City began receiving additional property tax payments (former TI funds) beginning in June 2012. A second
component of miscellaneous revenue consists of one-time monies from the due diligence review and subsequent
distribution of former CRA funds, for which the City received its last distribution in 2013-14, as well as the
proceeds from the sale of surplus properties. This page represents the sum of both the tax increment and
miscellaneous components. The drop in 2018-19 revenue reflects the impact of a tax settlement agreement.

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