Page 37 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Secured Receipts Recorded by County Property Tax Year
(Thousand Dollars)

MONTHLY 2018-19 2019-20 2020-21 2021-22 2022-23
ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
DECEMBER $565,317 $616,508 $655,553 $693,900 $681,361 ($12,539) $681,361 714,070
JANUARY 141,329 154,127 163,888 173,480 170,340 (3,140) 170,340 178,520
FEBRUARY 110,045 94,176 84,054 132,100 94,605 (37,495) 94,605 114,500
MARCH
APRIL 406,409 454,818 499,151 485,220 507,651 516,660
MAY 189,495 117,360 186,674 210,940 196,043 211,680
JUNE 64,402 (46)
JULY 20,692 9,975 25,276 24,840 24,300 28,730
AUGUST 6,551 12,935 10,935 7,870 12,700 10,540
SEPTEMBER
OCTOBER
NOVEMBER
TOTAL 1,439,838 1,524,303 1,625,484 1,728,350 1,687,000 1,774,700
% Change 7.2% 5.9% 6.6% 6.3% 3.8% 5.2%

MONTHLY 2018-19 2019-20 2020-21 2021-22 2022-23
ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
DECEMBER $565,317 $616,508 $655,553 $693,900 $681,361 ($12,539) $681,361 $714,070
JANUARY 706,646 770,635 819,441 867,380 851,701 (15,679) 851,701 892,590
FEBRUARY 816,691 864,811 903,495 999,480 946,306 (53,174) 946,306 1,007,090
MARCH 816,691 864,811 903,495 999,480 946,306 (53,174) 946,306 1,007,090
APRIL 1,223,100 1,319,630 1,402,646 1,484,700 1,453,957 1,523,750
MAY 1,412,595 1,436,990 1,589,320 1,695,640 1,650,000 1,735,430
JUNE 1,412,595 1,501,392 1,589,273 1,695,640 1,650,000 1,735,430
JULY 1,433,287 1,511,367 1,614,549 1,720,480 1,674,300 1,764,160
AUGUST 1,439,838 1,524,303 1,625,484 1,728,350 1,687,000 1,774,700
SEPTEMBER 1,439,838 1,524,303 1,625,484 1,728,350 1,687,000 1,774,700
OCTOBER 1,439,838 1,524,303 1,625,484 1,728,350 1,687,000 1,774,700
NOVEMBER 1,439,838 1,524,303 1,625,484 1,728,350 1,687,000 1,774,700

Original Charge $1,413,293 $1,541,270 $1,638,881 $1,734,756 $1,703,402 $1,785,165
% Change 7.2% 9.1% 6.3% 5.9% 3.9% 4.8%
- Orig Charge
Adjusted Charge $1,438,942 $1,552,505 $1,650,171 $1,746,706 $1,710,538 $1,792,643
% Change 7.7% 7.9% 6.3% 5.9% 3.7% 4.8%
- Adj Charge
City Collection
Rate of Original 101.9% 98.9% 99.2% 99.6% 99.0% 99.4%
Charge

Above are monthly secured receipts by County tax year, which begins in December and therefore does not align with the City fiscal year.
The budget estimate for 2021-22 assumed 5.9 percent growth in assessed value (AV) and actual receipts, which corresponds with City
AV growth for the 2021 tax year. The County Assessor subsequently reported 4.0 percent growth for the City, citing reductions made to
assessed value in response to the pandemic.
The Assessor has not provided a preliminary forecast for assessment year 2022. The estimated growth of 4.8 percent for the 2021
County tax year is based on 2021-22 receipts-to-date, assumptions for the full inflation adjustments as based on the CPI and increased
collection rate.

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