Page 65 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Utility Users Tax - Electricity Users Tax
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 36,541 46,732 41,857 39,610 34,941 (4,669) 34,941 39,100
AUGUST 36,754 35,941 36,746 42,135 39,408 (2,727) 39,408 40,300
SEPTEMBE 36,810 44,853 39,939 39,325 39,519 194 39,519 37,200
OCTOBER 41,852 37,967 40,224 38,640 37,194 (1,446) 37,194 37,200
NOVEMBER 35,740 40,723 35,088 34,175 35,316 1,141 35,316 33,100
DECEMBER 34,086 38,808 37,022 36,125 34,514 (1,611) 34,514 34,800
JANUARY 34,765 33,154 34,078 35,245 33,587 (1,658) 33,587 35,900
FEBRUARY 28,699 26,687 29,866 32,240 50,863 18,623 50,863 32,200
MARCH 38,564 38,720 33,211 34,860 29,026 (5,834) 29,026 32,200
APRIL 25,457 27,709 37,040 32,820 24,510 34,700
MAY 42,270 33,108 28,535 34,860 29,180 34,600
JUNE 25,950 30,445 35,623 35,915 28,942 35,700
TOTAL $ 417,488 $ 434,847 $ 429,228 $ 435,950 $ 417,000 $ 427,000
% Change 8.0% 4.2% -1.3% 1.6% -2.8% 2.4%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 36,541 46,732 41,857 39,610 34,941 (4,669) 34,941 39,100
AUGUST 73,295 82,673 78,603 81,745 74,349 (7,396) 74,349 79,400
SEPTEMBE 110,105 127,526 118,541 121,070 113,868 (7,202) 113,868 116,600
OCTOBER 151,957 165,493 158,765 159,710 151,062 (8,648) 151,062 153,800
NOVEMBER 187,697 206,216 193,853 193,885 186,378 (7,507) 186,378 186,900
DECEMBER 221,783 245,024 230,874 230,010 220,892 (9,118) 220,892 221,700
JANUARY 256,549 278,178 264,953 265,255 254,479 (10,776) 254,479 257,600
FEBRUARY 285,248 304,865 294,819 297,495 305,342 7,847 305,342 289,800
MARCH 323,811 343,586 328,029 332,355 334,368 2,013 334,368 322,000
APRIL 349,268 371,294 365,070 365,175 358,878 356,700
MAY 391,538 404,402 393,605 400,035 388,058 391,300
JUNE 417,488 434,847 429,228 435,950 417,000 427,000

The Department of Water and Power (DWP) provides estimates for electricity users tax (EUT) revenue.
DWP data reveals that the decline in power consumption and revenue from commercial users has been offset by
the increase from residential users. However, the Department reports that delinquencies have increased as well,
reducing the amount of EUT remitted. The 2021-22 and 2022-23 estimates for the electricity users tax are based
on the 2021 load forecast, which has been updated to reflect actual receipts and future adjustments.

Electricity Users Tax - 12 Month Moving Sum
(Million Dollars)
480
-Actual
440
D Adopted Revenue
• Estimated Revenue 42 .0
400

360

320

280
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Fiscal Year Ending

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