Page 68 - FY 2021--22 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transfer from the Power Revenue Fund
(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 - - - - - - - -
FEBRUARY 120,924 - - - - - - -
MARCH 30,231 - - 112,050 - (112,050) - 112,910
APRIL 30,231 - 114,957 37,350 109,178 37,637
MAY 30,231 116,275 38,318 37,350 54,589 37,637
JUNE 30,231 116,282 76,638 37,350 54,589 37,637
TOTAL $ 241,848 $ 232,557 $ 229,913 $ 224,100 $ 218,355 $ 225,819
% Change -8.5% -3.8% -1.1% -2.5% -5.0% 3.4%
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 - - - - - - - -
FEBRUARY 120,924 - - - - - - -
MARCH 151,155 - - 112,050 - (112,050) - 112,910
APRIL 181,386 - 114,957 149,400 109,178 150,546
MAY 211,617 116,275 153,275 186,750 163,766 188,183
JUNE 241,848 232,557 229,913 224,100 218,355 225,819

The transfer from the Power Revenue Fund has historically been set as a percentage of prior-year gross
operating power revenue. The Charter provides that the transfer may not exceed power system net income. The
8.5 percent drop in revenue from 2016-17 and 2017-18 reflects first year impact of a settlement agreement
limiting the amount of the transfer.
The 2020-21 transfer amount was reduced in accordance with lower audited 2019-20 power system revenue. The

estimate provided by the Department of Water and Power for the 2021-22 transfer reflects assumptions for 2020-
21 power system revenue.

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