City of Phoenix, Arizona Monthly Financial Report January 2014 Monthly Financial Report – January 2014 Executive Summary Budget • The budget amounts in this report represent the official adopted budget, as approved by the City Council, for fiscal year 2013-14. Revenues • Local Taxes and the City’s portion of State Shared Taxes comprise the major portion, approximately 75 percent, of estimated General Fund revenues. January 2014 year to date local sales tax revenues were $11.5 million higher than through the prior January, an increase of 4.8%. State Shared Taxes were $14.6 million higher compared to the same period in the prior year, an increase of 8.0%. Additionally, Primary Property Taxes received through January 2014 were $7.2 million higher than the previous fiscal year, an increase of 10.1%. Overall, General Fund revenues at the end of January 2014 are 5.5% higher than January 2013. (see page 2) • The G.O. Bond/Secondary Property Tax Fund year to date revenues for January 2014 were $13.8 million less than January 2013 reflecting the City policy to maintain the total property tax rate by increasing the primary rate to meet operating obligations and correspondingly decreasing the secondary rate. Overall, revenues for the Special Revenue and Debt Service funds increased by $11.7 million (2.5%) through January 2014 as compared to January 2013. This was primarily due to increases in public transit federal grant receipts, transit revenues, and building safety permit fees. (see page 7) • For fiscal year 2014, Aviation Customer Facility Charges (CFC) are being recorded in capital funds rather than operating funds. Through January 2013 the CFC revenues totaled $19.9 million. For all other operating revenues, Aviation has seen an increase of $12.7 million (7.3%). Not including the sale of property in McMullen Valley for $29.7 million in July 2012, water system operating revenues have decreased $5.2 million (2.1%) at the end of January 2014 as compared to January 2013. Year to date revenues for wastewater have decreased $7.5 million (5.6%) from the prior year. (see page 7) Expenditures • General Fund expenditures were $2.4 million higher at the end of January 2014 as compared to the prior January, a change of less than 1%. (See page 3) • Total citywide operating expenditures were $30.7 million less at the end of January 2014 as compared to the prior January, a decrease of 1.7%. The decrease is primarily due to lower community development expenditures in the Neighborhood Services Department and lower debt service payments.(See pages 5 & 9) -1- • Capital expenditures through January 2014 were $45.1 million higher than the same period in the prior fiscal year, an increase of 17.2%. Aviation, Street Transportation, and Information Technology had the largest increases in capital spending. These were partially offset by decreased spending in Arts and Cultural Facilities, Fire Protection and Housing. -2- General Funds Summary Summary General Funds As of January 31 (dollars in thousands) Budget Estimate 2013-14 Actual Year-to-Date 2013-14 2012-13 % of Year-to-Date Estimate Actual 2013-14 2012-13 Revenues Local Taxes Sales Taxes Privilege License Fees State Shared Taxes State Sales Tax State Income Tax Vehicle License Tax Primary Property Tax Licenses and Permits Cable Communications Municipal Court Fines and Forfeitures Court Default Fee Police Library Parks and Recreation Planning & Development Street Transportation Fire Emergency Transportation Service Other Interest Other Fees and Service Charges Total Revenues $ $ 442,309 2,363 $ 249,843 $ 1,954 238,334 1,843 56.5 % 82.7 58.5 % 78.3 127,448 160,852 51,150 142,849 2,830 9,525 72,572 94,081 29,084 78,490 1,567 2,430 68,035 86,140 27,009 71,263 1,502 4,811 56.9 58.5 56.9 54.9 55.4 25.5 57.3 58.3 55.8 53.9 55.6 50.6 19,312 1,210 13,266 1,362 7,912 1,058 3,975 9,287 435 6,884 570 4,256 771 2,305 10,025 476 6,540 578 3,979 690 2,679 48.1 36.0 51.9 41.9 53.8 72.9 58.0 53.0 43.8 51.6 57.4 48.3 55.2 63.9 37,900 12,451 2,200 11,817 17,872 7,783 1,033 9,559 19,190 8,054 885 8,193 47.2 62.5 47.0 80.9 56.9 65.1 61.5 59.2 56.2 % 57.3 % 1,051,789 $ 590,776 $ -3- 560,226 Summary General Funds As of January 31 (dollars in thousands) Budget Estimate 2013-14 Actual Year-to-Date 2013-14 2012-13 % of Year-to-Date Estimate Actual 2013-14 2012-13 Expenditures and Encumbrances General Government Mayor City Council City Manager Information Technology Services Public Information Equal Opportunity Law City Auditor City Clerk Human Resources Budget and Research Finance Others Total General Government $ 1,019 $ 1,996 1,076 20,756 1,430 1,343 11,849 1,644 2,630 5,520 2,070 11,468 1,630 64,431 1,023 1,892 654 20,244 1,426 1,319 11,686 1,365 2,702 5,725 1,897 9,777 1,712 61,422 58.1 % 55.6 44.1 63.3 61.7 56.7 60.6 68.8 46.2 54.0 67.8 63.5 73.7 60.5 61.3 % 58.6 34.0 61.8 58.4 58.3 59.1 70.0 57.5 58.8 65.0 59.8 69.0 60.1 29,395 4,903 34,298 17,054 2,675 19,729 17,410 2,717 20,127 58.0 54.6 57.5 60.7 57.0 60.2 462,407 250,693 22 713,122 269,894 145,906 (27) 415,773 264,290 142,760 6 407,056 58.4 58.2 (122.7) 58.3 59.4 59.5 39.1 59.5 Transportation Street Transportation Public Transit Total Transportation 22,097 19,520 41,617 11,728 6,384 18,112 12,619 11,363 23,982 53.1 32.7 43.5 67.3 58.5 62.8 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 5,134 12,337 5,026 54 22,551 2,858 7,214 2,812 28 12,912 2,465 6,851 2,874 28 12,218 55.7 58.5 55.9 51.9 57.3 58.8 60.2 66.7 58.3 61.3 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 94,371 35,478 18,711 2,942 151,502 53,308 20,276 10,442 1,537 85,563 53,966 19,608 10,638 1,535 85,747 56.5 57.2 55.8 52.2 56.5 61.6 58.4 59.7 66.9 60.7 Environmental Services Public Works Environmental Programs Total Environmental Services 16,554 984 17,538 9,184 424 9,608 11,678 469 12,147 55.5 43.1 54.8 80.2 58.9 79.1 2,442 687 1,732 28.1 54.7 Criminal Justice Municipal Court Public Defender Total Criminal Justice Public Safety Police Fire Others Total Public Safety Capital Improvement Contingencies Total Expenditures and Encumbrances 1,755 3,590 2,442 32,781 2,319 2,367 19,542 2,389 5,694 10,225 3,054 18,061 2,213 106,432 $ 38,313 $ 1,127,815 $ -4- 626,815 $ 624,431 55.6 % 60.2 % Citywide Summary Comparison to Prior Year Revenues YEAR-TO-DATE REVENUES As of January 31, 2014 3,500 3,000 (millions of dollars) 2,500 2,000 1,500 1,000 500 0 July Aug Sept Oct Nov Dec Current YTD Revenues Jan Feb Mar April May June Prior YTD Revenues Revenues For the entire City, including enterprise funds such as Water Services and Aviation, year-todate revenues as of January 31 decreased by $6,972,068 to $1,753,652,326 from the $1,760,624,394 collected during the same period last year, a decrease of 0.4%. For the current year, 56.5% of the total estimated revenue has been collected. Of the total revenues received last year, 57.0% had been collected as of January 31. -5- Comparison to Prior Year Operating Expenditures YEAR-TO-DATE OPERATING EXPENDITURES (millions of dollars) As of January 31, 2014 3,300 3,200 3,100 3,000 2,900 2,800 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100 0 July Aug Sept Oct Nov Dec Current YTD Expenditures Jan Feb Mar April May June Prior YTD Expenditures Operating Expenditures For the entire City, including enterprise funds such as Water Services and Aviation, year-to-date operating expenditures as of January 31 decreased $30,676,877 to $1,821,790,488 from the $1,852,467,365 spent during the same period last year, a decrease of 1.7%. For the current year, 52.0% of the total appropriations has been spent. Of the total actual expenditures for last year, 59.3% had been spent as of January 31. -6- Comparison to Prior Year Capital Expenditures YEAR-TO-DATE CAPITAL EXPENDITURES As of January 31, 2014 800 750 700 650 600 (millions of dollars) 550 500 450 400 350 300 250 200 150 100 50 0 July Aug Sept Oct Nov Dec Current YTD Expenditures Jan Feb Mar April May June Prior YTD Expenditures Capital Expenditures For the entire City, including enterprise funds such as Water Services and Aviation, year-to-date capital expenditures as of January 31 increased $45,050,033 to $306,359,701 from the $261,309,668 spent during the same period last year, an increase of 17.2%. For the current year, 25.4% of the total appropriations has been spent. Of the total actual expenditures for last year, 35.3% had been spent as of January 31. -7- Summary Operating Revenues As of January 31 (dollars in thousands) Source General Funds Local Taxes: Sales Taxes Privilege License Fees State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax Primary Property Tax Licenses and Permits Cable Communications Municipal Court Police Library Fees Parks and Recreation Planning & Development Street Transportation Fire Interest Other Fees and Service Charges $ Total General Funds Special Revenue and Debt Service Funds Neighborhood Protection Public Safety Enhancement & Expansion Parks and Preserves Golf Courses Transit 2000 Court Awards Planning and Development Capital Construction Sports Facilities Highway User Revenue Regional Transit Revenues Community Reinvestment Other Restricted Fees Grants G.O. Bond/Secondary Property Tax Total Special Revenue and Debt Service Funds Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste Total Enterprise Funds Total Operating Revenues Actual Year-to-Date 2013-14 2012-13 Budget Estimate 2013-14 $ 442,309 2,363 $ 249,843 $ 1,954 238,334 1,843 % of Year-to-Date Estimate Actual 2013-14 2012-13 56.5 % 82.7 58.5 % 78.3 127,448 160,852 51,150 142,849 2,830 9,525 20,522 13,266 1,362 7,912 1,058 3,975 50,351 2,200 11,817 72,572 94,081 29,084 78,490 1,567 2,430 9,722 6,884 570 4,256 771 2,305 25,655 1,033 9,559 68,035 86,140 27,009 71,263 1,502 4,811 10,501 6,540 578 3,979 690 2,679 27,244 885 8,193 56.9 58.5 56.9 54.9 55.4 25.5 47.4 51.9 41.9 53.8 72.9 58.0 51.0 47.0 80.9 57.3 58.3 55.8 53.9 55.6 50.6 52.5 51.6 57.4 48.3 55.2 63.9 59.1 61.5 59.2 1,051,789 590,776 560,226 56.2 57.3 30,240 85,231 30,399 8,056 171,171 15,377 36,720 17,226 15,829 100,600 41,867 4,862 31,368 288,554 40,581 16,894 49,313 16,850 3,848 99,037 6,201 26,753 9,018 7,601 54,959 15,030 3,512 19,670 136,055 21,400 15,744 46,625 15,756 2,950 91,477 8,159 22,565 9,760 7,411 53,496 14,028 3,305 23,803 124,085 35,247 55.9 57.9 55.4 47.8 57.9 40.3 72.9 52.4 48.0 54.6 35.9 72.2 62.7 47.2 52.7 56.9 58.6 56.8 35.4 56.1 83.0 55.8 59.3 48.6 54.0 59.0 68.2 58.5 42.1 52.7 918,081 486,141 474,411 53.0 51.7 309,343 60,544 407,753 211,312 145,756 187,030 29,421 247,188 127,741 85,355 194,252 30,767 282,078 135,258 83,632 60.5 48.6 60.6 60.5 58.6 55.9 51.6 66.3 62.1 58.3 1,134,708 676,735 725,987 59.6 60.8 56.5 % 57.0 % 3,104,578 -8- $ 1,753,652 $ 1,760,624 Summary Operating Revenues As of January 31, 2014 General Funds Local Taxes General Funds State Shared Taxes 450 350 400 300 350 250 (millions of dollars) (millions of dollars) 300 250 200 150 200 150 100 100 50 50 0 0 July Sept Nov Jan Current YTD Revenues Mar May July Prior YTD Revenues Sept Nov Jan Current YTD Revenues Total General Funds Revenues Mar May Prior YTD Revenues Highway User Revenues 110 1,200 100 1,000 90 80 (millions of dollars) (millions of dollars) 800 600 400 70 60 50 40 30 20 200 10 0 0 July Sept Nov Jan Current YTD Revenues Mar July May Sept Nov Current YTD Revenues Prior YTD Revenues -9- Jan Mar May Prior YTD Revenues Summary Operating Expenditures and Encumbrances As of January 31 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2013-14 2012-13 Budget 2013-14 $ 64,431 $ 5,112 69,543 61,422 3,589 65,011 60.5 % 36.9 57.8 60.1 % 30.4 57.0 34,298 12,573 46,871 19,729 4,801 24,530 20,127 4,663 24,790 57.5 38.2 52.3 60.2 59.5 60.0 Public Safety General Funds Other Funds Total Public Safety 713,122 171,219 884,341 415,773 84,935 500,708 407,056 93,687 500,743 58.3 49.6 56.6 59.5 59.4 59.4 Transportation General Funds Other Funds Total Transportation 41,617 595,272 636,889 18,112 383,912 402,024 23,982 377,127 401,109 43.5 64.5 63.1 62.8 69.3 68.9 Community Development General Funds Other Funds Total Community Development 22,551 206,137 228,688 12,912 109,818 122,730 12,218 120,722 132,940 57.3 53.3 53.7 61.3 63.7 63.5 Community Enrichment General Funds Other Funds Total Community Enrichment 151,502 136,700 288,202 85,563 76,307 161,870 85,747 77,018 162,765 56.5 55.8 56.2 60.7 58.4 59.6 Environmental Services General Funds Other Funds Total Environmental Services 17,538 610,730 628,268 9,608 329,337 338,945 12,147 328,160 340,307 54.8 53.9 53.9 79.1 59.8 60.3 52,455 52,455 58,790 58,790 80,285 80,285 112.1 112.1 58.5 58.5 2,442 528,562 531,004 687 141,963 142,650 1,732 142,785 144,517 28.1 26.9 26.9 54.7 40.0 40.1 Criminal Justice General Funds Other Funds Total Criminal Justice Debt Service General Funds Other Funds Total Debt Service Capital Improvement General Funds Other Funds Total Capital Improvement Contingencies General Funds Other Funds Total Contingencies Total Operating General Funds Other Funds Total Operating Budget 106,432 13,849 120,281 $ % of Year-to-Date Estimate Actual 2013-14 2012-13 38,313 47,194 85,507 $ 1,127,815 2,374,691 3,502,506 - $ 626,815 1,194,975 1,821,790 $ - 10 - 624,431 1,228,036 1,852,467 55.6 50.3 52.0 % 60.2 58.9 59.3 % Summary Operating Expenditures and Encumbrances As of January 31, 2014 Total General Government Total Criminal Justice 120 50 100 40 (millions of dollars) (millions of dollars) 80 60 40 30 20 10 20 0 0 July Sept Nov Jan Current YTD Expenditures Mar July May Sept (millions of dollars) (millions of dollars) Nov Jan Current YTD Expenditures Mar May Prior YTD Expenditures Total Transportation 900 875 850 825 800 775 750 725 700 675 650 625 600 575 550 525 500 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 0 Sept Jan Current YTD Expenditures Prior YTD Expenditures Total Public Safety July Nov Mar 625 600 575 550 525 500 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 0 July May Sept Nov Jan Current YTD Expenditures Prior YTD Expenditures - 11 - Mar May Prior YTD Expenditures Summary Operating Expenditures and Encumbrances As of January 31, 2014 Total Community Development Total Community Enrichment 220 300 280 260 240 220 160 150 140 130 120 110 100 90 200 (millions of dollars) (millions of dollars) 210 200 190 180 170 80 70 60 50 40 30 20 10 180 160 140 120 100 80 60 40 20 0 0 July Sept Nov Jan Current YTD Expenditures Mar May July Nov Jan Current YTD Expenditures Prior YTD Expenditures Total Environmental Services Mar May Prior YTD Expenditures Total Debt Service 600 580 560 540 520 500 480 460 440 420 400 380 360 340 320 300 280 260 240 220 200 180 160 140 120 100 80 60 40 20 0 150 140 130 120 110 100 (millions of dollars) (millions of dollars) Sept 90 80 70 60 50 40 30 20 10 0 July Sept Nov Current YTD Expenditures Jan Mar July May Sept Nov Current YTD Expenditures Prior YTD Expenditures - 12 - Jan Mar May Prior YTD Expenditures Citywide Detail Revenues Revenues For the Month Ended January 31 2014 2013 Budget Estimate 2013-14 Source Actual Year-to-Date 2013-14 2012-13 Percent of Year-to-Date Estimate Actual 2013-14 2012-13 General Funds $ 40,115,972 257,274 $ 36,527,460 274,656 Local Taxes: Sales Taxes Privilege License Fees $ 442,309,000 2,363,000 $ 249,843,488 1,953,510 $ 238,333,944 1,843,000 56.5 % 82.7 58.5 % 78.3 40,373,246 36,802,116 Total Local Taxes 444,672,000 251,796,998 240,176,944 56.6 58.6 12,744,220 13,440,181 3,935,768 11,985,750 12,305,684 3,571,550 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 127,448,000 160,852,000 51,150,000 72,571,706 94,081,267 29,084,002 68,035,528 86,139,785 27,008,591 56.9 58.5 56.9 57.3 58.3 55.8 30,120,169 27,862,984 339,450,000 195,736,975 181,183,904 57.7 57.6 5,798,107 4,937,900 Primary Property Tax 142,849,000 78,490,104 71,262,703 54.9 53.9 199,383 176,340 Licenses and Permits 2,830,000 1,566,662 1,501,677 55.4 55.6 2,376,461 Cable Communications 9,525,232 2,430,105 4,811,132 25.5 50.6 1,399,831 64,069 1,379,358 70,153 Municipal Court: Fines and Forfeitures Court Default Fee 19,312,290 1,210,000 9,286,494 435,173 10,025,758 475,650 48.1 36.0 53.0 43.8 1,463,900 1,449,511 20,522,290 9,721,667 10,501,408 47.4 52.5 1,362,477 1,302,598 77,063 80,543 471,697 398,228 97,104 48,115 384,238 637,766 - 2,069,855 22,725 1,579,782 2,184,740 25,773 1,944,731 3,672,362 4,155,244 187,198 127,348 864,640 1,970,536 85,071,584 82,325,690 Total State Shared Taxes Total Municipal Court Police 13,266,040 6,883,922 6,539,854 51.9 51.6 Library Fees 1,362,000 569,593 577,733 41.8 57.4 Parks and Recreation 7,911,605 4,256,417 3,979,165 53.8 48.3 Planning and Development 1,058,400 771,249 690,362 72.9 55.2 Street Transportation 3,975,000 2,305,358 2,679,601 58.0 63.9 37,900,000 1,150,000 11,300,885 17,871,890 333,725 7,449,730 19,189,635 303,695 7,750,335 47.2 29.0 65.9 56.9 24.6 69.6 50,350,885 25,655,345 27,243,665 51.0 59.1 2,200,000 1,032,976 885,617 47.0 61.5 11,816,950 9,558,529 8,192,960 80.9 59.2 1,051,789,402 590,775,900 560,226,725 56.2 57.3 Fire: Emergency Transportation Service Hazardous Materials Inspection Fee Other Total Fire Interest Other Fees and Service Charges Total General Funds - 13 - Revenues Revenues For the Month Ended January 31 2014 2013 Budget Estimate 2013-14 Source Actual Year-to-Date 2013-14 2012-13 Percent of Year-to-Date Estimate Actual 2013-14 2012-13 Special Revenue and Debt Service Funds $ 1,944,703 138,907 694,536 1,807 $ 1,810,521 129,323 646,614 (4,007) 2,779,953 2,582,451 5,526,647 1,774,183 (12,385) 5,132,327 1,643,806 (7,052) 7,288,445 6,769,081 2,799,222 2,605,935 1,089,736 94,589 284,138 (6,807) 55,169 361,354 5,476 143,888 (6,863) 5,627 1,516,825 509,482 11,112,586 4,219,098 10,345,833 4,814,445 15,331,684 15,160,278 - - Neighborhood Protection: Police Neighborhood Protection Police Blockwatch Fire Neighborhood Protection Interest/Other $ Total Neighborhood Protection Public Safety Enhancement & Expansion: Police Fire Interest/Other Total Public Safety Enhancement & Expansion Parks and Preserves Golf Courses: Fees Coffee Shops Concessions Interest Other Total Golf Courses Transit 2000: Sales Taxes Interest/Other Total Transit 2000 21,066,000 1,505,000 7,523,000 145,500 $ 11,710,030 836,430 4,182,153 165,051 $ 10,927,712 780,551 3,902,754 132,849 55.6 % 55.6 55.6 113.4 56.7 % 56.7 56.7 87.0 30,239,500 16,893,664 15,743,866 55.9 56.9 63,718,000 21,578,000 (65,000) 36,636,794 12,741,421 (64,862) 34,553,595 12,113,859 (42,476) 57.5 59.0 99.8 58.3 59.5 54.6 85,231,000 49,313,353 46,624,978 57.9 58.6 30,399,000 16,849,927 15,756,199 55.4 56.8 5,427,300 271,360 2,331,200 (81,040) 107,431 2,519,148 125,736 1,175,467 (35,737) 63,249 1,829,210 41,774 1,074,666 (48,060) 52,793 46.4 46.3 50.4 44.1 58.9 32.3 14.0 46.1 67.2 45.6 8,056,251 3,847,863 2,950,383 47.8 35.4 120,380,000 50,791,438 66,914,454 32,122,297 62,444,068 29,032,505 55.6 63.2 56.7 54.6 171,171,438 99,036,751 91,476,573 57.9 56.1 Court Awards 15,376,764 6,200,633 8,159,508 40.3 83.0 2,809,444 3,012,766 Planning and Development 36,720,200 26,753,151 22,564,962 72.9 55.8 1,250,966 1,371,675 Capital Construction 17,226,000 9,017,545 9,759,929 52.3 59.3 1,021,016 12,565 973,158 14,761 Sports Facilities: Sales Taxes Interest/Other 15,564,000 265,000 7,388,425 212,472 7,150,199 260,924 47.5 80.2 48.0 70.4 1,033,581 987,919 15,829,000 7,600,897 7,411,123 48.0 48.6 Total Sports Facilities - 14 - Revenues Revenues For the Month Ended January 31 2014 2013 Budget Estimate 2013-14 Source Actual Year-to-Date 2013-14 2012-13 Percent of Year-to-Date Estimate Actual 2013-14 2012-13 Special Revenue and Debt Service Funds (Cont'd) $ Highway User Revenue: Highway User Revenue Interest Other 7,723,913 25,270 (177,080) 7,774,470 13,636 12,163 7,572,103 7,800,269 2,574,983 2,113,237 Regional Transit Revenues 1,177,014 1,266,569 Community Reinvestment 3,801,006 7,214,677 Other Restricted Fees 566,122 5,105,538 133,259 Grants: Public Housing: Rentals Grants Other 601,214 5,358,351 362,491 $ 6,322,056 5,804,919 701,642 2,257,476 1,759,643 6,489,929 4,423,874 216,468 1,435,971 13,216,755 11,208,690 19,293,068 17,530,746 25,097,987 1,381,517 (7,721) 2,077,242 (302) 1,373,796 2,076,940 68,839,768 78,569,266 Total Highway User Revenue $ Total Public Housing 100,150,000 250,000 200,000 54,679,449 128,808 150,978 53,380,142 94,654 20,766 54.6 51.5 75.5 54.0 53.5 40.9 100,600,000 54,959,235 53,495,562 54.6 54.0 41,867,049 15,030,326 14,028,513 35.9 59.0 4,861,901 3,512,185 3,305,037 72.2 68.2 31,368,544 19,669,744 23,802,932 62.7 58.5 4,058,562 36,444,180 51,234 54.4 % 50.3 51.8 58.4 % 52.3 2.1 6,952,965 73,208,080 5,269,398 $ 3,780,817 36,805,117 2,729,512 $ 85,430,443 43,315,446 40,553,976 50.7 51.3 42,441,013 59,918,966 33,269,864 67,493,613 15,669,611 30,162,383 13,185,868 33,722,109 18,164,230 1,423,710 12,338,439 51,604,233 36.9 50.3 39.6 50.0 42.9 2.4 80.1 52.8 Total Other 203,123,456 92,739,971 83,530,612 45.7 38.7 Total Grants 288,553,899 136,055,417 124,084,588 47.2 42.1 35,442,800 5,138,000 19,046,176 2,354,244 33,325,728 1,921,381 53.7 45.8 53.7 39.7 Other: Human Resources Federal Transit Administration Community Development Other G.O. Bond/Secondary Property Tax Secondary Property Tax Interest Total G.O. Bond/Secondary Property Tax Total Special Revenue and Debt Service Funds 40,580,800 21,400,420 35,247,109 52.7 52.7 918,081,346 486,141,111 474,411,262 53.0 51.7 123,050,000 177,863,000 450,000 3,341,000 1,679,200 2,960,000 - 60,018,182 121,340,805 530,859 2,178,203 1,223,250 1,723,916 15,356 56,507,884 114,615,806 224,118 281,092 1,014,160 1,699,538 19,909,038 48.8 68.2 118.0 65.2 72.8 58.2 100.0 57.1 57.3 48.0 14.6 54.8 55.4 48.0 309,343,200 187,030,571 194,251,636 60.5 55.9 Enterprise Funds AVIATION: 8,913,088 16,784,118 73,467 450,794 175,948 246,903 14,588 8,421,078 15,382,733 21,128 148,533 152,096 300,772 2,627,732 26,658,906 27,054,072 Sky Harbor: Airlines Concessions Interest Other Phoenix-Goodyear Phoenix-Deer Valley Phoenix-Customer Facility Charge Total Aviation - 15 - Revenues Revenues For the Month Ended January 31 2014 2013 Budget Estimate 2013-14 Source Actual Year-to-Date 2013-14 2012-13 Percent of Year-to-Date Estimate Actual 2013-14 2012-13 Enterprise Funds (Cont'd) CONVENTION CENTER: 3,348,582 772,558 18,846 3,186,040 1,358,817 19,364 4,139,986 4,564,221 Excise Taxes Operating Revenue Interest Total Convention Center 43,924,000 16,280,625 338,980 23,108,366 6,183,331 128,935 21,588,437 9,039,627 139,297 52.6 38.0 38.0 52.9 48.7 55.6 60,543,605 29,420,632 30,767,361 48.6 51.6 237,871,626 3,420,754 2,640,624 3,725,441 1,599,240 1,093,001 31,727,197 60.4 % 57.6 69.0 51.1 38.3 43.5 2,253.4 WATER SYSTEM: $ 20,706,379 462,349 259,769 554,495 84,960 274,637 529,107 $ 22,871,696 19,639,361 484,208 278,504 372,361 209,940 193,024 560,599 21,737,997 Water Sales Water Service Fees Distribution Intergovernmental Development Fees Interest Other $ Total Water System 385,949,000 6,000,000 3,500,000 6,666,000 2,600,000 2,925,000 113,000 $ 233,094,879 3,455,250 2,416,231 3,409,632 994,680 1,270,923 2,546,397 $ 63.7 % 57.3 74.1 56.4 68.5 58.5 100.3 407,753,000 247,187,992 282,077,883 60.6 66.3 179,686,000 16,004,000 2,500,000 1,370,000 11,752,000 105,434,252 11,010,693 926,400 781,873 9,588,038 104,844,957 10,849,820 1,562,520 811,935 17,188,293 58.7 68.8 37.1 57.1 81.6 58.1 59.2 68.5 61.0 111.9 211,312,000 127,741,256 135,257,525 60.5 62.1 125,935,000 6,932,000 310,000 12,578,700 73,991,726 4,567,784 213,390 6,581,964 73,127,334 3,908,460 204,671 6,391,537 58.8 65.9 68.8 52.3 58.2 53.4 60.2 63.8 145,755,700 85,354,864 83,632,002 58.6 58.3 1,134,707,505 676,735,315 725,986,407 59.6 60.8 56.5 % 57.0 % WASTEWATER: 14,951,165 1,578,541 75,600 166,388 846,644 14,988,641 1,575,486 212,340 137,195 8,423,432 17,618,338 25,337,094 10,609,237 596,760 39,020 490,367 10,508,380 479,720 28,689 1,128,195 11,735,384 12,144,984 83,024,310 90,838,368 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 236,935,662 $ 251,733,324 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ - 16 - 3,104,578,253 $ 1,753,652,326 $ 1,760,624,394 Operating Expenditures and Encumbrances For the Month Ended January 31 2014 2013 Budget Estimate 2013-14 Program Actual Year-to-Date 2013-14 2012-13 2013-14 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt General Government $ 145,655 $ 321,684 277,131 2,415,047 47,230 182,126 211,818 1,782,896 175,131 414,450 16,776 927,851 (22,494) 6,575 292,809 1,621,577 513,497 147,672 278,848 (832,052) 2,663,444 79,226 214,011 221,565 1,824,954 141,885 352,649 343,698 915,661 131,148 7,824 272,814 1,219,949 (269,211) 9,329,759 7,714,085 Mayor City Council City Manager Information Technology Services Government Relations Public Information Equal Opportunity Law City Auditor City Clerk Elections Human Resources Retirement Systems Phoenix Employment Relations Board Budget and Research Finance Regional Wireless Cooperative Total General Government $ 1,755,285 3,589,459 2,766,001 35,059,291 1,304,646 2,660,360 2,796,854 20,550,337 2,389,388 5,694,435 809,263 11,410,338 99,285 3,053,828 21,961,636 4,380,637 $ 1,019,345 1,996,444 1,250,302 22,083,915 823,065 1,559,466 1,577,745 12,477,370 1,644,307 2,629,927 724,271 6,179,597 34,962 48,479 2,069,965 13,665,346 (241,320) $ 1,023,060 1,891,876 766,570 21,241,934 868,554 1,644,150 1,567,568 12,560,090 1,365,121 2,702,168 613,316 6,541,405 208,299 21,774 1,897,234 11,459,858 (1,362,314) $ 1,019,345 1,996,444 1,250,302 21,101,541 823,065 1,559,466 1,577,745 12,477,370 1,644,307 2,629,927 724,271 5,722,601 34,962 48,479 2,069,965 13,026,560 (241,320) $ 982,374 456,996 638,786 - 120,281,043 69,543,186 65,010,663 67,465,030 2,078,156 41,968,415 4,902,494 21,854,739 2,675,220 22,073,827 2,716,645 18,218,990 2,675,220 3,635,749 - 46,870,909 24,529,959 24,790,472 20,894,210 3,635,749 585,912,700 297,951,260 476,598 330,727,973 169,690,852 288,832 331,784,563 168,612,826 345,726 327,888,581 167,731,579 288,832 2,839,392 1,959,273 - 884,340,558 500,707,657 500,743,115 495,908,992 4,798,665 Criminal Justice 2,936,580 388,223 3,016,030 398,815 3,324,803 3,414,845 Municipal Court Public Defender Total Criminal Justice Public Safety 48,932,173 24,656,496 46,279 49,937,393 24,829,647 36,441 73,634,948 74,803,481 Police Fire Other Total Public Safety - 17 - Operating Expenditures and Encumbrances For the Month Ended January 31 2014 2013 Budget Estimate 2013-14 Program Actual Year-to-Date 2013-14 2012-13 2013-14 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Transportation $ 4,426,099 951,458 22,761,238 6,333,392 34,472,187 $ 4,514,423 1,006,643 23,432,531 8,839,687 37,793,284 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 59,665,604 11,172,894 305,626,250 260,424,196 $ 33,974,778 6,518,086 161,264,399 200,266,731 $ 34,210,681 6,355,417 157,631,561 202,911,695 $ 33,451,138 6,518,086 131,131,360 176,790,365 $ 523,640 30,133,039 23,476,366 636,888,944 402,023,994 401,109,354 347,890,949 54,133,045 Community Development 3,134,593 6,124,557 2,372,274 4,163,562 2,953,375 5,451,569 2,326,891 8,036,138 Planning and Development Housing Economic Development Neighborhood Services Department 41,892,298 82,014,323 33,963,216 70,818,138 22,991,473 44,483,816 24,565,778 30,688,412 20,684,784 44,038,215 20,774,722 47,442,596 22,991,473 44,442,539 12,786,715 30,688,412 41,277 11,779,063 - 15,794,986 18,767,973 Total Community Development 228,687,975 122,729,479 132,940,317 110,909,139 11,820,340 102,560,009 35,798,557 8,785,423 61,858,418 10,927,120 62,723,393 3,919,060 1,630,435 57,230,931 20,798,689 5,626,527 36,892,559 6,375,212 32,069,691 1,870,017 1,006,667 58,015,270 19,951,526 4,630,004 37,057,136 6,928,739 33,332,540 1,963,321 885,985 56,122,495 20,798,689 5,626,527 26,048,841 31,895,746 1,870,017 1,006,667 1,108,436 10,843,718 6,375,212 173,945 - 288,202,415 161,870,293 162,764,521 143,368,982 18,501,311 Community Enrichment 7,084,326 2,568,652 1,542,912 4,449,876 910,103 4,023,994 298,715 63,132 6,738,043 3,205,637 586,135 5,081,328 984,148 5,580,105 386,233 46,574 20,941,710 22,608,203 Parks and Recreation Library Golf Convention Center Sports and Cultural Facilities Human Services Public Parking Facilities Other Total Community Enrichment - 18 - Operating Expenditures and Encumbrances For the Month Ended January 31 2014 2013 Budget Estimate 2013-14 Program 2013-14 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Actual Year-to-Date 2013-14 2012-13 Environmental Services $ 23,763,077 11,496,786 9,216,785 3,817,475 113,600 48,407,723 $ 22,937,965 11,672,814 9,742,456 2,239,078 125,402 46,717,715 Water System Wastewater Solid Waste Management Public Works Environmental Programs $ Total Environmental Services 385,100,042 76,206,190 142,611,487 22,863,808 1,486,777 $ 628,268,304 173,248,585 81,089,672 71,619,062 12,547,488 440,637 $ 173,722,338 78,048,775 72,765,974 15,250,821 518,685 $ 106,720,408 41,313,398 64,049,284 9,534,315 440,637 $ 222,058,042 66,528,177 39,776,274 7,569,778 3,013,173 - 338,945,444 340,306,593 116,887,402 866,210 9,110,990 8,426,500 337,530 4,614,170 690,670 4,883,650 628,460 7,202,830 7,785,230 1,173,410 14,496,710 50,200 7,264,190 1,279,120 2,866,431 (48,335,390) 938,600 15,486,000 5,480,820 6,810 7,201,708 505,286 5,314,736 4,915,456 196,895 2,691,590 402,888 2,848,789 366,604 4,201,637 4,541,371 684,489 8,453,836 29,283 4,237,436 746,146 1,671,375 2,213 547,210 9,033,219 3,196,607 3,974 4,199,209 644,364 6,810,993 7,802,218 159,965 2,756,129 225,552 1,859,817 367,797 2,689,708 3,963,960 295,947 8,629,393 29,283 3,639,341 757,929 3,537,264 2,207 274,773 15,426,412 15,999,714 131,374 4,281,065 - 505,286 5,314,736 4,915,456 196,895 2,691,590 402,888 2,848,789 366,604 4,201,637 4,541,371 684,489 8,453,836 29,283 4,237,436 746,146 1,671,375 2,213 547,210 9,033,219 3,196,607 3,974 4,199,209 General Obligation Debt Service 72,183 759,248 702,208 28,128 384,513 57,556 406,970 52,372 600,234 648,768 97,784 1,207,691 4,183 605,348 106,592 238,768 (1) 78,172 1,290,460 456,658 568 599,981 92,051 965,222 1,106,905 22,295 384,513 32,139 259,470 52,372 373,150 565,380 41,951 1,217,886 4,183 510,764 106,592 505,278 38,172 2,194,172 2,281,658 18,768 611,668 8,398,384 11,384,589 Total Debt Service 52,454,849 58,790,249 80,285,205 - 58,790,249 15,031,871 38,581,669 Capital Improvement 531,003,638 142,650,227 144,517,125 - 142,650,227 $ 229,336,371 $ 261,785,844 Aviation Cultural Facilities Downtown Development Early Redemption Economic Development Fire Protection Freeway Mitigation Historic/Neighborhood Preservation Human Services Information Systems Libraries Maintenance Service Centers Mountain Preserves/Parks Municipal Administration Buildings Police Protection Public Housing Renovation Sanitary Sewers Secondary Property Tax Solid Waste Enterprise Bonds Storm Sewer Improvements Street Improvements Street Light Refinancing Water System 85,507,274 Contingencies Total Operating Budget $ 3,502,505,909 - 19 - $ 1,821,790,488 $ 1,852,467,365 $ 1,408,495,344 $ 413,295,144 Capital Expenditures and Encumbrances For the Month Ended January 31 2014 2013 $ 169,392 $ 7,781,314 60,652 61,347 109,533 8,043 1,269,438 (15,226) 795,240 11,828 103,088 58,467 45,716 423,906 1,768,928 45,461 992,656 5,578 6,051,946 869,131 9,795,281 106,406 9,708,900 610,274 443,219 966,249 128,139 18,248 2,603,169 (69,249) 11,345 4,303 72,852 18,722,733 1,730,434 14,817 600,891 5,357 2,061,896 3,080,248 12,154,272 $ 30,411,719 $ 52,974,503 Capital Expenditures and Encumbrances 2013-14 Program Arts and Cultural Facilities Aviation Economic Development Energy Conservation Facilities Management Finance Fire Protection Historic Preservation Housing Human Services Information Technology Libraries Neighborhood Services Parks and Mountain Preserves Phoenix Convention Center Police Protection Public Transit Regional Wireless Cooperative Solid Waste Disposal Street Transportation & Drainage Wastewater Water System Total Capital Improvement Program Budget 2012-13 Actual Yearto-Date Actual Yearto-Date $ 453,939 $ 320,348,316 9,487,984 4,674,297 10,672,900 2,793,402 7,548,022 1,618,109 47,238,059 971,825 11,575,314 2,034,035 7,713,141 58,973,395 26,370,374 9,166,428 107,343,452 11,146,109 25,492,039 218,013,460 121,032,175 200,884,214 724,318 $ 104,654,359 1,039,876 4,086,293 2,881,508 4,260,328 3,048,776 158,818 10,285,269 714,799 9,507,769 204,771 666,502 12,733,880 12,465,720 8,802,959 13,377,034 3,090,181 149,645 69,071,705 9,668,100 34,767,091 13,913,825 66,301,718 1,041,485 3,786,030 7,881,090 9,311,351 1,200,094 21,490,596 174,721 348,272 256,616 2,248,097 21,921,628 11,970,838 599,882 16,072,178 1,390,989 29,144,437 12,946,138 39,309,683 $ 1,205,550,989 $ 306,359,701 $ 261,309,668 - 20 - 2013-14 Year-to-Date Capital Amounts From Operating Funds From Capital Funds Budget Actual Budget Actual $ $ 134,803 $ 34,834,765 9,225,140 4,674,297 2,873,500 1,536,370 87,000 4,759 24,852,045 919,925 200,000 3,836,994 33,873,798 5,921,374 79,481,910 17,828,672 79,328,014 58,073,538 173,316,734 138,768 9,835,714 943,933 4,086,293 2,174,233 2,370,209 224 6,832,970 733,690 105,609 353,278 11,167,929 531,433 1,023,950 12,503,498 75,051 46,680,698 8,796,334 34,296,413 531,003,638 $ 142,650,227 $ $ 319,136 $ 285,513,551 262,844 7,799,400 1,257,032 7,461,022 1,613,350 22,386,014 971,825 10,655,389 1,834,035 3,876,147 25,099,597 20,449,000 9,166,428 27,861,542 11,146,109 7,663,367 138,685,446 62,958,637 27,567,480 585,550 94,818,645 95,943 707,275 1,890,119 3,048,552 158,818 3,452,299 714,799 8,774,079 99,162 313,224 1,565,951 11,934,287 7,779,009 873,536 3,090,181 74,594 22,391,007 871,766 470,678 674,547,351 $ 163,709,474 Unencumbered Budget $ $ (270,379) 215,693,957 8,448,108 588,004 7,791,392 (1,466,926) 4,499,246 1,459,291 36,952,790 257,026 2,067,545 1,829,264 7,046,639 46,239,515 13,904,654 363,469 93,966,418 8,055,928 25,342,394 148,941,755 111,364,075 166,117,123 899,191,288 Bonds Authorized and Sold As of January 31 (dollars in thousands) Authorized Sold Available 1988 Authorizations General Obligation Bonds Freeway Mitigation, Neighborhood Stabilization, and Slum and Blight Elimination Bonds Fully Issued $ Total General Obligation Bonds Revenue Bonds Bonds Fully Issued Total 1988 Authorizations 29,285 884,175 $ 28,285 884,175 $ 1,000 - 913,460 912,460 1,000 143,890 143,890 - 1,057,350 1,056,350 1,000 66,300 125,300 24,800 61,500 12,000 33,000 91,500 74,000 77,000 78,800 66,000 43,700 64,600 124,685 24,170 60,700 11,205 32,100 89,275 71,645 72,575 77,685 65,950 43,700 1,700 615 630 800 795 900 2,225 2,355 4,425 1,115 50 - 753,900 738,290 15,610 81,000 11,100 198,700 12,800 104,622 74,705 29,178 115,500 107,295 78,200 65,400 63,385 8,510 190,610 8,345 85,510 61,200 21,100 102,290 81,900 58,135 61,770 17,615 2,590 8,090 4,455 19,112 13,505 8,078 13,210 25,395 20,065 3,630 878,500 742,755 135,745 2001 Authorization General Obligation Bonds Education, Youth and Family Cultural Facilities Computer Technology Environmental Cleanup Fire Protection Historic Preservation Library Facilities Street Improvements Neighborhood Protection and Senior Centers Parks, Open Space, and Recreational Facilities Police Protection Storm Sewer and Flood Protection Bonds Fully Issued Total 2001 Authorizations 2006 Authorization General Obligation Bonds Affordable Housing and Neighborhood Revitalization Computer Technology Education and Health Science Facilities Environmental Cleanup Family, Senior, and Youth Cultural Facilities Fire Protection Library Facilities and Improvements Parks, Open Space, and Recreational Facilities Police Protection Street Improvements Storm Sewer and Flood Protection Total 2006 Authorizations Total Bond Program $ - 21 - 2,689,750 $ 2,537,395 $ 152,355