Page 51 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Redirection of CRA Funds - Tax Increment Revenue
(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 32,568 30,311 53,630 59,240 42,293 (16,947) 42,293 52,270
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY - - - - - -
JUNE 58,765 52,325 73,489 49,670 84,434 83,620
TOTAL $ 91,333 $ 82,635 $ 127,119 $ 108,910 $ 126,727 $ 135,890
% Change 15.2% -9.5% 53.8% -14.3% -0.3% 7.2%
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 32,568 30,311 53,630 59,240 42,293 (16,947) 42,293 52,270
FEBRUARY 32,568 30,311 53,630 59,240 42,293 (16,947) 42,293 52,270
MARCH 32,568 30,311 53,630 59,240 42,293 (16,947) 42,293 52,270
APRIL 32,568 30,311 53,630 59,240 42,293 52,270
MAY 32,568 30,311 53,630 59,240 42,293 52,270
JUNE 91,333 82,635 127,119 108,910 126,727 135,890

Tax increment estimates are preliminary and subject to change based on many factors such as interpretation of
legislation relative to enforceable obligations and the recommendations and decisions made by the Governing
Board, Oversight Board and the State Department of Finance (DOF). Distributions occur only after accounting for
certain fees, pass-throughs and enforceable obligations. Revenues are received in advance of the allocation
period. Revised 2021-22 revenue is based on the County Auditor-Controller's estimate for the June 2022
remittance. Estimated 2022-23 revenue assumes average tax increment growth and uses the approved CRA/LA
enforceable obligations amount to be applied against the January 2023 distribution.

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