Page 65 - FY 2021--22 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Utility Users Tax - Electricity Users Tax
(Thousand Dollars)

2017-18 2018-19 2019-20 2020-21 2021-22
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 33,184 36,541 46,732 40,630 41,857 1,227 41,857 38,860
AUGUST 33,658 36,754 35,941 43,190 36,746 (6,444) 36,746 41,340
SEPTEMBER 33,977 36,810 44,853 40,460 39,939 (521) 39,939 38,580
OCTOBER 35,238 41,852 37,967 39,870 40,224 354 40,224 37,910
NOVEMBER 32,278 35,740 40,723 34,020 35,088 1,068 35,088 33,530
DECEMBER 39,793 34,086 38,808 35,190 37,022 1,832 37,022 35,440
JANUARY 25,619 34,765 33,154 34,610 34,078 (532) 34,078 34,580
FEBRUARY 23,111 28,699 26,687 31,100 29,866 (1,234) 29,866 31,630
MARCH 38,140 38,564 38,720 34,120 33,211 (909) 33,211 34,200
APRIL 28,240 25,457 27,709 32,240 30,500 32,200
MAY 31,994 42,270 33,108 34,050 32,200 34,200
JUNE 31,293 25,950 30,445 35,340 33,071 35,230
TOTAL $ 386,525 $ 417,488 $ 434,847 $ 434,820 $ 423,800 $ 427,700
% Change 8.4% 8.0% 4.2% 0.0% -2.5% 0.9%
2017-18 2018-19 2019-20 2020-21 2021-22
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 33,184 36,541 46,732 40,630 41,857 1,227 41,857 38,860
AUGUST 66,842 73,295 82,673 83,820 78,603 (5,217) 78,603 80,200
SEPTEMBER 100,819 110,105 127,526 124,280 118,541 (5,739) 118,541 118,780
OCTOBER 136,057 151,957 165,493 164,150 158,765 (5,385) 158,765 156,690
NOVEMBER 168,335 187,697 206,216 198,170 193,853 (4,317) 193,853 190,220
DECEMBER 208,128 221,783 245,024 233,360 230,874 (2,486) 230,874 225,660
JANUARY 233,747 256,549 278,178 267,970 264,953 (3,017) 264,953 260,240
FEBRUARY 256,858 285,248 304,865 299,070 294,819 (4,251) 294,819 291,870
MARCH 294,998 323,811 343,586 333,190 328,029 (5,161) 328,029 326,070
APRIL 323,238 349,268 371,294 365,430 358,529 358,270
MAY 355,232 391,538 404,402 399,480 390,729 392,470
JUNE 386,525 417,488 434,847 434,820 423,800 427,700

The Department of Water and Power (DWP) provides estimates for electricity users tax (EUT) revenue.
DWP data reveals that the decline in power consumption and revenue from commercial users has been offset by
the increase from residential users. However, the Department reports that delinquencies have increased as well,
reducing the amount of EUT remitted. The 2020-21 and 2021-22 estimates for the electricity users tax are based
on the 2020 load forecast, which has been updated to incorporate the impacts from the pandemic through
December 2020 and future adjustments.

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