Page 53 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Business Tax - All Sources
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 7,471 11,049 24,500 18,995 24,574 5,579 24,574 17,450
AUGUST 11,049 21,697 21,356 17,990 14,800 (3,190) 14,800 17,750
SEPTEMBE 8,087 9,594 14,915 17,380 21,390 4,010 21,390 18,050
OCTOBER 8,540 10,277 14,912 17,900 14,041 (3,859) 14,041 18,350
NOVEMBER 12,973 7,886 16,065 20,435 14,439 (5,996) 14,439 18,650
DECEMBER 8,139 12,636 13,162 20,375 17,967 (2,408) 17,967 18,950
JANUARY 35,935 32,131 22,702 42,385 41,781 (604) 41,781 41,940
FEBRUARY 198,663 170,010 141,970 215,715 109,098 (106,617) 109,098 195,620
MARCH 253,944 319,341 264,088 253,895 356,516 102,621 356,516 327,550
APRIL 16,112 14,725 105,807 28,620 71,036 46,940
MAY 31,139 20,743 22,981 38,330 20,790 37,850
JUNE 11,072 25,760 29,927 24,580 29,267 27,800
TOTAL $ 603,123 $ 655,849 $ 692,386 $ 716,600 $ 735,700 $ 786,900
% Change 8.8% 8.7% 5.6% 3.5% 6.3% 7.0%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 7,471 11,049 24,500 18,995 24,574 5,579 24,574 17,450
AUGUST 18,519 32,746 45,855 36,985 39,374 2,389 39,374 35,200
SEPTEMBE 26,606 42,339 60,771 54,365 60,764 6,399 60,764 53,250
OCTOBER 35,146 52,616 75,683 72,265 74,805 2,540 74,805 71,600
NOVEMBER 48,119 60,502 91,748 92,700 89,244 (3,456) 89,244 90,250
DECEMBER 56,258 73,138 104,910 113,075 107,212 (5,863) 107,212 109,200
JANUARY 92,193 105,269 127,612 155,460 148,993 (6,467) 148,993 151,140
FEBRUARY 290,856 275,279 269,582 371,175 258,091 (113,084) 258,091 346,760
MARCH 544,800 594,621 533,671 625,070 614,607 (10,463) 614,607 674,310
APRIL 560,912 609,346 639,477 653,690 685,643 721,250
MAY 592,051 630,089 662,459 692,020 706,433 759,100
JUNE 603,123 655,849 692,386 716,600 735,700 786,900

The City imposes a tax upon businesses located in or doing business within the City. The business tax is typically
based on gross receipts and is not an income tax. Taxpayers apportion gross receipts in cases where business
activity occurs both within and outside the City.

The Office of Finance provided estimates for the revised and proposed year growth.

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