Page 79 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Franchise Income - Natural Gas
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - 2,937 3,551 3,551 4,488 937 4,488 5,500
SEPTEMBE 3,618 - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - 6,787 3,662 3,662 4,751 1,089 4,751 9,470
DECEMBER - - - - - - - -
JANUARY 3,876 - - - - - - -
FEBRUARY 4,400 1,181 4,970 4,963 - (4,963) - 10,080
MARCH - - 237 - 6,518 6,518 6,518 -
APRIL - - - - - -
MAY - - 7,206 6,124 7,943 14,950
JUNE 7,437 6,653 (46) - - -
TOTAL $ 19,332 $ 17,558 $ 19,580 $ 18,300 $ 23,700 $ 40,000
% Change 18.1% -9.2% 11.5% -6.5% 21.0% 68.8%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - 2,937 3,551 3,551 4,488 937 4,488 5,500
SEPTEMBE 3,618 2,937 3,551 3,551 4,488 937 4,488 5,500
OCTOBER 3,618 2,937 3,551 3,551 4,488 937 4,488 5,500
NOVEMBER 3,618 9,724 7,213 7,213 9,239 2,026 9,239 14,970
DECEMBER 3,618 9,724 7,213 7,213 9,239 2,026 9,239 14,970
JANUARY 7,495 9,724 7,213 7,213 9,239 2,026 9,239 14,970
FEBRUARY 11,895 10,905 12,183 12,176 9,239 (2,937) 9,239 25,050
MARCH 11,895 10,905 12,420 12,176 15,757 3,581 15,757 25,050
APRIL 11,895 10,905 12,420 12,176 15,757 25,050
MAY 11,895 10,905 19,625 18,300 23,700 40,000
JUNE 19,332 17,558 19,580 18,300 23,700 40,000

The franchise payment received from natural gas suppliers is two percent of the gross sales of gas plus the value
of gas not sold, but rather transported within the City. The 2021-22 revised estimate reflects growth in natural gas
franchises. The 2022-23 estimate assumes increased revenue due to the increasing rates for use and transport
from the new natural gas franchise agreement, with full-year receipts anticipated in 2023-24.

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