Page 87 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Interest Income
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 19,663 28,960 14,727 9,324 4,111 (5,213) 4,111 18,016
AUGUST (2,506) (15,169) 5,478 (568) 15,131 15,699 15,131 (119)
SEPTEMBE (7,636) 16,880 (2,251) 1,366 (5,576) (6,942) (5,576) 1,963
OCTOBER 15,123 (4,909) (9,762) 1,939 (6,146) (8,085) (6,146) 1,780
NOVEMBER (2,211) (5,342) 22,289 1,260 21,159 19,899 21,159 5,548
DECEMBER (190) 17,440 (9,020) 2,573 (10,143) (12,716) (10,143) 2,964
JANUARY 5,421 (130) (2,972) 351 (225) (576) (225) 137
FEBRUARY 2,950 (7,505) 5,701 1,192 9,598 8,406 9,598 2,889
MARCH (7,689) 15,777 8,960 221 (3,417) (3,638) (3,417) 1,749
APRIL 17,884 (1,602) (6,858) 2,391 1,036 2,989
MAY (2,721) 1,248 (3,708) 2,269 1,036 3,266
JUNE (3,989) 780 4,528 (1,715) 1,036 (4,572)
TOTAL $ 34,099 $ 46,429 $ 27,112 $ 20,603 $ 27,600 $ 36,610
% Change 36.9% 36.2% -41.6% -24.0% 1.8% 32.6%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 19,663 28,960 14,727 9,324 4,111 (5,213) 4,111 18,016
AUGUST 17,157 13,790 20,205 8,756 19,243 10,487 19,243 17,897
SEPTEMBE 9,521 30,670 17,954 10,122 13,666 3,544 13,666 19,860
OCTOBER 24,644 25,762 8,192 12,061 7,520 (4,541) 7,520 21,640
NOVEMBER 22,433 20,420 30,481 13,321 28,680 15,359 28,680 27,188
DECEMBER 22,243 37,860 21,460 15,894 18,537 2,643 18,537 30,152
JANUARY 27,664 37,730 18,488 16,245 18,312 2,067 18,312 30,289
FEBRUARY 30,614 30,225 24,189 17,437 27,910 10,473 27,910 33,178
MARCH 22,926 46,003 33,150 17,658 24,492 6,834 24,492 34,927
APRIL 40,809 44,400 26,292 20,049 25,528 37,916
MAY 38,088 45,648 22,584 22,318 26,564 41,182
JUNE 34,099 46,429 27,112 20,603 27,600 36,610

The adopted and revised estimates are provided by the Office of Finance. Interest income credited to the General
Fund through March is not a predictor of current year receipts since the amounts shown include interest earnings
that must be credited to proprietary departments and special funds before the end of the fiscal year. These
transfers are reflected as negative receipts in the actual column in the table above. The 2021-22 and 2022-23
estimates were provided by the Office of Finance and reflect its current assumptions for interest earnings with
anticipated rate hikes.

Interest Income Rate Assumptions (Million Dollars)
2020-21 2021-22 2022-23
ACTUAL BUDGET REVISED PROPOSED
Treasurer's Investment Pool $11 ,685-40 $11 ,575_00 $12,775_10 $12,787_50
Investment Rate 1_20% 0_99% 1_23% 1_53%
General Pool Interest Earnings $137-74 $113_59 $155_57 $195_44
Plus: Earnings on Security Lending $0_34 $0-48 $0_32 $0-48
Plus: Realized Gains (Losses} $21-91 $0_00 -$0_87 $0_00
Projected General Pool Earnings $159_99 $114_07 $155_03 $195_92

Adjusted Pool Interest Earnings $153_36 $113_85 $144-78 $194_64
General Fund Percentage of Pool 12-47% 12_50% 14_82% 14_25%
General Fund Earnings $19_ 12 $14_23 $21-46 $27_74
Plus Interest and other Net Benefits from Monies
Set Aside to Repay TRANS $7_95 $4_87 $6_15 $8_88
General Fund Interest Income $270? $19_10 $27_60 $36_61

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