Page 75 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transfer from the Power Revenue Fund
(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 - - - - - - - -
FEBRUARY - - - - - - - -
MARCH - - - 112,910 - (112,910) - 114,861
APRIL - 114,957 109,355 37,637 112,508 38,287
MAY 116,275 38,318 54,500 37,637 56,254 38,287
JUNE 116,282 76,638 54,500 37,637 56,254 38,287
TOTAL $ 232,557 $ 229,913 $ 218,355 $ 225,819 $ 225,015 $ 229,721
% Change -3.8% -1.1% -5.0% 3.4% 3.1% 2.1%
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 - - - - - - - -
FEBRUARY - - - - - - - -
MARCH - - - 112,910 - (112,910) - 114,861
APRIL - 114,957 109,355 150,546 112,508 153,147
MAY 116,275 153,275 163,855 188,183 168,761 191,434
JUNE 232,557 229,913 218,355 225,819 225,015 229,721

The transfer from the Power Revenue Fund has historically been set as a percentage of prior-year gross
operating power revenue. The Charter provides that the transfer may not exceed power system net income. The
8.5 percent drop in revenue from 2016-17 and 2017-18 reflects first year impact of a settlement agreement
limiting the amount of the transfer.
The 2021-22 transfer amount was reduced in accordance with lower audited 2020-21 power system revenue. The

estimate provided by the Department of Water and Power for the 2022-23 transfer reflects assumptions for 2021-
22 power system revenue.

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