Page 50 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Redirection of Community Redevelopment Agency Funds - All Sources
(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 - 972 - - - - - -
NOVEMBER - - 923 - - - - -
DECEMBER 3,000 - - - - - - -
JANUARY 32,568 30,311 53,630 59,240 42,293 (16,947) 42,293 52,270
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - 447 - - - -
MAY - - - - - -
JUNE 38,402 52,325 73,489 52,750 84,434 101,530
TOTAL $ 73,971 $ 84,054 $ 128,042 $ 111,990 $ 126,727 $ 153,800
% Change -16.4% 13.6% 52.3% -12.5% -1.0% 21.4%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBE - - - - - - - -
OCTOBER - 972 - - - - - -
NOVEMBER - 972 923 - - - - -
DECEMBER 3,000 972 923 - - - - -
JANUARY 35,569 31,283 54,552 59,240 42,293 (16,947) 42,293 52,270
FEBRUARY 35,569 31,283 54,552 59,240 42,293 (16,947) 42,293 52,270
MARCH 35,569 31,283 54,552 59,240 42,293 (16,947) 42,293 52,270
APRIL 35,569 31,729 54,552 59,240 42,293 52,270
MAY 35,569 31,729 54,552 59,240 42,293 52,270
JUNE 73,971 84,054 128,042 111,990 126,727 153,800

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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