Page 49 - FY 2022-23 Revenue Outlook

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

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY 236,720 252,855 269,528 285,300 280,275 (5,025) 280,275 293,720
FEBRUARY - 252,855 - - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY 236,720 - 269,528 285,300 280,275 293,720
JUNE - - - - - -
TOTAL $ 473,440 $ 505,710 $ 539,055 $ 570,600 $ 560,550 $ 587,440
% Change 7.6% 6.8% 6.6% 5.9% 4.0% 4.8%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY 236,720 252,855 269,528 285,300 280,275 (5,025) 280,275 293,720
FEBRUARY 236,720 505,710 269,528 285,300 280,275 (5,025) 280,275 293,720
MARCH 236,720 505,710 269,528 285,300 280,275 (5,025) 280,275 293,720
APRIL 236,720 505,710 269,528 285,300 280,275 293,720
MAY 473,440 505,710 539,055 570,600 560,550 587,440
JUNE 473,440 505,710 539,055 570,600 560,550 587,440

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 2021 annual tax roll is 4.0 percent.
The proposed budget assumes growth of 4.8 percent for 2022-23.

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