City of Phoenix, Arizona Monthly Financial Report February 2014 Monthly Financial Report – February 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. February 2014 year to date local sales tax revenues were $11.0 million higher than through the prior February, an increase of 4.1%. State Shared Taxes were $17.8 million higher compared to the same period in the prior year, an increase of 8.6%. Additionally, Primary Property Taxes received through February 2014 were $7.0 million higher than the previous fiscal year, an increase of 9.4%. Overall, General Fund revenues at the end of February 2014 are 5.5% higher than February 2013. (see page 2) • The G.O. Bond/Secondary Property Tax Fund year to date revenues for February 2014 were $14.6 million less than February 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. Transit 2000 and Regional Transit combined revenues through February 2014 were $16.7 million (13.9%) higher than February 2013. Planning and Development revenues were $4.0 million (15.9%) higher at the end of February 2014 than February 2013. Overall, revenues for the Special Revenue and Debt Service funds increased by $5.8 million (1.1%) through February 2014 as compared to February 2013. (see page 7) • For fiscal year 2014, Aviation Customer Facility Charges (CFC) are being recorded in capital funds rather than operating funds. Through February 2013 the CFC revenues totaled $23.3 million. For all other operating revenues, Aviation has seen an increase of $14.8 million (7.4%). Not including the sale of property in McMullen Valley for $29.7 million in July 2012, water system operating revenues have decreased $2.7 million (1.0%) at the end of February 2014 as compared to February 2013. Year to date revenues for wastewater have decreased $7.1 million (4.7%) from the prior year. (see page 7) Expenditures • General Fund expenditures were $5.4 million higher at the end of February 2014 as compared to the prior February, a change of less than 1%. (See page 3) • Total citywide operating expenditures were $33.6 million less at the end of February 2014 as compared to the prior February, a decrease of 1.6%. The decrease is primarily due to lower community development expenditures in the -1- Neighborhood Services Department and lower debt service payments.(See pages 5 & 9) • Capital expenditures through February 2014 were $24.4 million higher than the same period in the prior fiscal year, an increase of 7.2%. Aviation, Street Transportation, Information Technology, and Wastewater had the largest increases in capital spending. These were partially offset by decreased spending in Arts and Cultural Facilities, Housing, Parks and Mountain Preserves, and Public Transit. -2- General Funds Summary Summary General Funds As of February 28 (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 $ 281,928 $ 2,085 270,876 1,976 63.7 % 88.2 66.5 % 84.0 127,448 160,852 51,150 142,849 2,830 9,525 83,001 107,782 33,883 81,523 1,788 4,854 77,305 98,445 31,149 74,494 1,674 4,811 65.1 67.0 66.2 57.1 63.2 51.0 65.1 66.7 64.4 56.4 61.9 50.6 19,312 1,210 13,266 1,362 7,912 1,058 3,975 11,258 555 8,084 697 4,609 864 2,524 11,998 607 7,689 673 4,977 817 3,056 58.3 45.9 60.9 51.2 58.3 81.7 63.5 63.4 55.9 60.6 66.9 60.4 65.4 72.9 37,900 12,451 2,200 11,817 21,161 8,637 1,170 10,301 22,862 8,548 996 9,221 55.8 69.4 53.2 87.2 67.8 69.1 69.2 66.7 63.4 % 64.7 % 1,051,789 $ 666,704 $ -3- 632,174 Summary General Funds As of February 28 (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 $ 1,155 $ 2,252 1,284 19,244 1,488 1,502 13,156 1,796 2,850 6,188 2,365 12,639 1,698 67,617 1,155 2,143 887 18,488 1,614 1,491 13,272 1,513 3,028 6,428 2,137 10,882 1,727 64,765 65.8 % 62.7 52.6 58.7 64.2 63.5 67.3 75.2 50.1 60.5 77.4 70.0 76.7 63.5 69.2 % 66.4 46.1 56.4 66.1 65.9 67.1 77.6 64.4 66.0 73.2 66.5 69.6 63.4 29,395 4,903 34,298 19,050 3,041 22,091 19,463 3,102 22,565 64.8 62.0 64.4 67.8 65.1 67.5 462,407 250,693 22 713,122 305,652 164,076 (26) 469,702 296,872 160,979 7 457,858 66.1 65.4 (118.2) 65.9 66.7 67.1 41.4 66.9 Transportation Street Transportation Public Transit Total Transportation 22,097 19,520 41,617 12,889 7,939 20,828 12,931 12,918 25,849 58.3 40.7 50.0 69.0 66.5 67.7 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 5,134 12,337 5,026 54 22,551 3,165 7,569 2,918 32 13,684 2,760 7,372 3,146 32 13,310 61.6 61.4 58.1 59.3 60.7 65.8 64.8 73.0 66.7 66.8 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 94,371 35,478 18,711 2,942 151,502 58,917 22,204 11,919 1,766 94,806 59,822 21,688 11,792 1,690 94,992 62.4 62.6 63.7 60.0 62.6 68.3 64.6 66.2 73.6 67.3 Environmental Services Public Works Environmental Programs Total Environmental Services 16,554 984 17,538 8,817 457 9,274 11,633 524 12,157 53.3 46.4 52.9 79.9 65.8 79.2 2,442 730 1,801 29.9 56.8 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- 698,732 $ 693,297 62.0 % 66.8 % Citywide Summary Comparison to Prior Year Revenues YEAR-TO-DATE REVENUES As of February 28, 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 February 28 decreased by $6,056,100 to $1,969,511,866 from the $1,975,567,966 collected during the same period last year, a decrease of 0.3%. For the current year, 63.4% of the total estimated revenue has been collected. Of the total revenues received last year, 63.9% had been collected as of February 28. -5- Comparison to Prior Year Operating Expenditures YEAR-TO-DATE OPERATING EXPENDITURES (millions of dollars) As of February 28, 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 February 28 decreased $33,640,793 to $2,035,797,761 from the $2,069,438,554 spent during the same period last year, a decrease of 1.6%. For the current year, 58.1% of the total appropriations has been spent. Of the total actual expenditures for last year, 66.2% had been spent as of February 28. -6- Comparison to Prior Year Capital Expenditures YEAR-TO-DATE CAPITAL EXPENDITURES As of February 28, 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 February 28 increased $24,364,468 to $363,758,085 from the $339,393,617 spent during the same period last year, an increase of 7.2%. For the current year, 30.2% of the total appropriations has been spent. Of the total actual expenditures for last year, 45.9% had been spent as of February 28. -7- Summary Operating Revenues As of February 28 (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 $ 281,928 $ 2,085 270,876 1,976 % of Year-to-Date Estimate Actual 2013-14 2012-13 63.7 % 88.2 66.5 % 84.0 127,448 160,852 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 83,001 107,782 33,883 81,523 1,788 4,854 11,813 8,084 697 4,609 864 2,524 29,798 1,170 10,301 77,305 98,445 31,149 74,494 1,674 4,811 12,605 7,689 673 4,977 817 3,056 31,410 996 9,221 65.1 67.0 66.2 57.1 63.2 51.0 57.6 60.9 51.2 58.3 81.7 63.5 59.2 53.2 87.2 65.1 66.7 64.4 56.4 61.9 50.6 63.0 60.6 66.9 60.4 65.4 72.9 68.2 69.2 66.7 1,051,789 666,704 632,174 63.4 64.7 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 19,246 55,928 19,211 4,918 112,189 6,201 29,556 10,282 9,038 64,054 24,896 3,501 19,882 141,683 22,179 17,986 52,984 18,014 3,932 104,252 8,160 25,508 11,040 8,746 61,726 16,105 3,323 22,914 145,511 36,760 63.6 65.6 63.2 61.0 65.5 40.3 80.5 59.7 57.1 63.7 59.5 72.0 63.4 49.1 54.7 65.0 66.6 65.0 47.2 63.9 83.0 63.1 67.1 57.3 62.3 67.8 68.6 56.3 49.4 55.0 918,081 542,764 536,961 59.1 58.5 309,343 60,544 407,753 211,312 145,756 213,591 34,952 268,373 145,800 97,328 222,136 35,755 300,789 152,921 94,832 69.0 57.7 65.8 69.0 66.8 63.9 60.0 70.7 70.3 66.2 1,134,708 760,044 806,433 67.0 67.6 63.4 % 63.9 % 3,104,578 -8- $ 1,969,512 $ 1,975,568 Summary Operating Revenues As of February 28, 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 February 28 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2013-14 2012-13 Budget 2013-14 $ 67,617 $ 10,325 77,942 64,765 8,684 73,449 63.5 % 74.6 64.8 63.4 % 73.6 64.4 34,298 12,573 46,871 22,091 5,430 27,521 22,565 5,290 27,855 64.4 43.2 58.7 67.5 67.5 67.5 Public Safety General Funds Other Funds Total Public Safety 713,122 171,219 884,341 469,702 95,758 565,460 457,858 104,617 562,475 65.9 55.9 63.9 66.9 66.3 66.8 Transportation General Funds Other Funds Total Transportation 41,617 595,272 636,889 20,828 414,993 435,821 25,849 406,721 432,570 50.0 69.7 68.4 67.7 74.7 74.3 Community Development General Funds Other Funds Total Community Development 22,551 206,137 228,688 13,684 122,378 136,062 13,310 134,024 147,334 60.7 59.4 59.5 66.8 70.7 70.4 Community Enrichment General Funds Other Funds Total Community Enrichment 151,502 136,700 288,202 94,806 85,651 180,457 94,992 86,014 181,006 62.6 62.7 62.6 67.3 65.2 66.3 Environmental Services General Funds Other Funds Total Environmental Services 17,538 610,730 628,268 9,274 374,263 383,537 12,157 367,583 379,740 52.9 61.3 61.0 79.2 67.0 67.3 52,455 52,455 67,189 67,189 91,670 91,670 128.1 128.1 66.8 66.8 2,442 528,562 531,004 730 161,079 161,809 1,801 171,539 173,340 29.9 30.5 30.5 56.8 48.1 48.1 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 - $ 698,732 1,337,066 2,035,798 $ - 10 - 693,297 1,376,142 2,069,439 62.0 56.3 58.1 % 66.8 66.0 66.2 % Summary Operating Expenditures and Encumbrances As of February 28, 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 February 28, 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 February 28 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 $ 32,084,128 131,525 $ 32,541,639 133,015 Local Taxes: Sales Taxes Privilege License Fees $ 442,309,000 2,363,000 $ 281,927,616 2,085,035 $ 270,875,583 1,976,015 63.7 % 88.2 66.5 % 84.0 32,215,653 32,674,654 Total Local Taxes 444,672,000 284,012,651 272,851,598 63.9 66.6 10,429,522 13,700,732 4,798,599 9,269,655 12,305,683 4,140,509 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 127,448,000 160,852,000 51,150,000 83,001,228 107,781,999 33,882,601 77,305,183 98,445,468 31,149,100 65.1 67.0 66.2 65.1 66.7 64.4 28,928,853 25,715,847 339,450,000 224,665,828 206,899,751 66.2 65.7 3,032,959 3,230,875 Primary Property Tax 142,849,000 81,523,063 74,493,578 57.1 56.4 221,269 172,155 Licenses and Permits 2,830,000 1,787,931 1,673,832 63.2 61.9 Cable Communications 9,525,232 4,854,021 4,811,132 51.0 50.6 Municipal Court: Fines and Forfeitures Court Default Fee 19,312,290 1,210,000 11,258,282 555,266 11,997,633 606,897 58.3 45.9 63.4 55.9 20,522,290 11,813,548 12,604,530 57.6 63.0 2,423,916 - 1,971,788 120,093 1,971,875 131,247 2,091,881 2,103,122 1,200,618 1,149,496 127,031 95,236 353,094 Total State Shared Taxes Total Municipal Court 13,266,040 8,084,540 7,689,350 60.9 60.6 Library Fees 1,362,000 696,624 672,969 51.1 66.9 997,746 Parks and Recreation 7,911,605 4,609,511 4,976,911 58.3 60.4 92,486 126,701 Planning and Development 1,058,400 863,735 817,063 81.6 65.4 218,147 376,567 Street Transportation 3,975,000 2,523,505 3,056,168 63.5 72.9 37,900,000 1,150,000 11,300,885 21,160,447 383,175 8,254,115 22,861,320 544,620 8,003,615 55.8 33.3 73.0 67.8 44.2 71.9 50,350,885 29,797,737 31,409,555 59.2 68.2 2,200,000 1,169,673 995,993 53.2 69.2 11,816,950 10,301,142 9,221,453 87.2 66.7 1,051,789,402 666,703,509 632,173,883 63.4 64.7 3,288,557 49,450 804,385 3,671,685 240,925 253,280 4,142,392 4,165,890 136,697 110,376 742,613 1,028,493 75,927,609 71,947,158 Police 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 February 28 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 $ 1,640,269 117,163 585,811 9,125 $ 1,570,356 112,168 560,842 (897) 2,352,368 2,242,469 4,950,968 1,673,873 (9,837) 4,754,556 1,611,503 (6,749) 6,615,004 6,359,310 2,361,432 2,257,867 766,178 26,550 248,930 (5,545) 33,635 576,002 5,391 222,058 (6,556) 185,182 1,069,748 982,077 8,377,105 4,775,313 8,973,462 3,802,113 13,152,418 12,775,575 - - 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 $ 13,350,299 953,593 4,767,964 174,176 $ 12,498,068 892,719 4,463,596 131,952 63.4 % 63.4 63.4 119.7 64.9 % 64.9 64.9 86.4 30,239,500 19,246,032 17,986,335 63.6 65.0 63,718,000 21,578,000 (65,000) 41,587,762 14,415,294 (74,699) 39,308,151 13,725,362 (49,225) 65.3 66.8 114.9 66.3 67.4 63.3 85,231,000 55,928,357 52,984,288 65.6 66.6 30,399,000 19,211,359 18,014,066 63.2 65.0 5,427,300 271,360 2,331,200 (81,040) 107,431 3,285,326 152,286 1,424,397 (41,282) 96,884 2,405,212 47,165 1,296,724 (54,616) 237,975 60.5 56.1 61.1 50.9 90.2 42.5 15.8 55.6 76.3 205.7 8,056,251 4,917,611 3,932,460 61.0 47.2 120,380,000 50,791,438 75,291,559 36,897,610 71,417,530 32,834,618 62.5 72.6 64.9 61.8 171,171,438 112,189,169 104,252,148 65.5 63.9 Court Awards 15,376,764 6,200,633 8,159,508 40.3 83.0 2,802,518 2,942,880 Planning and Development 36,720,200 29,555,669 25,507,842 80.5 63.1 1,264,961 1,279,627 Capital Construction 17,226,000 10,282,506 11,039,556 59.7 67.1 1,426,364 10,534 1,321,167 13,192 Sports Facilities: Sales Taxes Interest/Other 15,564,000 265,000 8,814,789 223,006 8,471,366 274,116 56.6 84.2 56.9 74.0 1,436,898 1,334,359 15,829,000 9,037,795 8,745,482 57.1 57.3 Total Sports Facilities - 14 - Revenues Revenues For the Month Ended February 28 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) $ 9,048,265 21,708 24,824 8,215,141 13,351 2,331 9,094,797 8,230,823 9,865,462 2,076,136 (10,920) 18,415 211,775 (888,807) 590,374 8,009,449 134,956 $ 573,473 5,499,805 78,149 8,734,779 6,151,427 3,306,807 (12,214,229) 1,537,681 4,262,752 3,799,520 333,337 1,381,553 9,760,864 (3,106,989) 15,275,274 5,627,790 21,426,701 784,699 (5,866) 1,512,502 410 778,833 1,512,912 56,623,084 62,550,344 Highway User Revenue: Highway User Revenue Interest Other Total Highway User Revenue Regional Transit Revenues Community Reinvestment Other Restricted Fees Grants: Public Housing: Rentals Grants Other $ Total Public Housing 100,150,000 250,000 200,000 63,727,714 150,516 175,802 61,595,283 108,005 23,097 63.6 60.2 87.9 62.3 61.0 45.4 100,600,000 64,054,032 61,726,385 63.7 62.3 41,867,049 24,895,788 16,104,649 59.5 67.8 4,861,901 3,501,265 3,323,452 72.0 68.6 31,368,544 19,881,519 22,914,125 63.4 56.3 4,632,035 41,943,985 129,383 62.9 % 61.2 54.4 66.6 % 60.2 5.4 6,952,965 73,208,080 5,269,398 $ 4,371,191 44,814,566 2,864,468 $ 85,430,443 52,050,225 46,705,403 60.9 59.1 42,441,013 59,918,966 33,269,864 67,493,613 18,976,418 17,948,154 14,723,549 37,984,861 21,963,750 1,757,047 13,719,992 61,365,097 44.7 30.0 44.3 56.3 51.9 2.9 89.0 62.8 Total Other 203,123,456 89,632,982 98,805,886 44.1 45.8 Total Grants 288,553,899 141,683,207 145,511,289 49.1 49.4 35,442,800 5,138,000 19,830,875 2,348,378 34,838,230 1,921,791 56.0 45.7 56.2 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 22,179,253 36,760,021 54.7 55.0 918,081,346 542,764,195 536,961,606 59.1 58.5 123,050,000 177,863,000 450,000 3,341,000 1,679,200 2,960,000 - 68,762,916 138,264,100 611,725 2,585,012 1,397,881 1,967,002 2,873 64,980,616 130,046,720 298,169 385,204 1,155,538 1,943,191 23,326,682 55.9 77.7 135.9 77.4 83.2 66.5 100.0 65.7 65.0 63.8 20.0 62.5 63.4 56.3 309,343,200 213,591,509 222,136,120 69.0 63.9 Enterprise Funds AVIATION: 8,744,734 16,923,295 80,866 406,809 174,631 243,086 (12,483) 8,472,732 15,430,914 74,051 104,112 141,378 243,653 3,417,644 26,560,938 27,884,484 Sky Harbor: Airlines Concessions Interest Other Phoenix-Goodyear Phoenix-Deer Valley Phoenix-Customer Facility Charge Total Aviation - 15 - Revenues Revenues For the Month Ended February 28 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: 3,788,438 1,726,478 16,891 3,473,241 1,494,460 19,797 5,531,807 4,987,498 Excise Taxes Operating Revenue Interest Total Convention Center 43,924,000 16,280,625 338,980 26,896,804 7,909,809 145,826 25,061,678 10,534,087 159,094 61.2 48.6 43.0 61.4 56.8 63.5 60,543,605 34,952,439 35,754,859 57.7 60.0 255,222,912 3,925,132 2,876,770 4,181,789 1,713,840 1,232,404 31,635,758 65.4 % 64.7 76.3 58.9 42.7 49.5 2,740.1 WATER SYSTEM: $ 19,146,992 429,442 252,976 513,606 114,900 177,255 549,893 $ 21,185,064 17,351,286 504,378 236,146 456,348 114,600 139,403 (91,439) 18,710,722 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 $ 252,241,871 3,884,692 2,669,207 3,923,238 1,109,580 1,448,178 3,096,290 $ 68.4 % 65.8 80.7 63.3 73.4 66.0 100.0 407,753,000 268,373,056 300,788,605 65.8 70.7 179,686,000 16,004,000 2,500,000 1,370,000 11,752,000 120,419,057 12,618,780 1,036,500 892,650 10,832,524 119,773,047 12,382,570 1,678,020 918,904 18,168,262 67.0 78.8 41.5 65.2 92.2 66.4 67.5 73.5 69.0 118.3 211,312,000 145,799,511 152,920,803 69.0 70.3 125,935,000 6,932,000 310,000 12,578,700 84,580,108 4,969,656 246,631 7,531,252 83,582,891 4,294,689 231,523 6,722,987 67.2 71.7 79.6 59.9 66.5 58.7 68.1 67.1 145,755,700 97,327,647 94,832,090 66.8 66.2 1,134,707,505 760,044,162 806,432,477 67.0 67.6 63.4 % 63.9 % WASTEWATER: 14,984,805 1,608,087 110,100 110,777 1,244,486 14,928,090 1,532,750 115,500 106,969 979,969 18,058,255 17,663,278 10,588,382 401,872 33,241 949,288 10,455,557 386,229 26,852 331,450 11,972,783 11,200,088 83,308,847 80,446,070 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 215,859,540 $ 214,943,572 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ - 16 - 3,104,578,253 $ 1,969,511,866 $ 1,975,567,966 Operating Expenditures and Encumbrances For the Month Ended February 28 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 $ 135,289 $ 255,949 228,795 (1,316,680) 40,815 166,734 188,913 1,391,185 152,006 220,430 1,146 799,960 19,144 5,961 295,023 1,469,550 4,344,839 8,399,059 132,369 251,460 253,781 (1,624,232) 127,704 208,257 195,611 1,661,237 148,214 326,264 11,618 800,234 (73,771) 9,260 239,548 1,382,694 4,388,004 8,438,252 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 $ 1,154,634 2,252,393 1,479,097 20,767,235 863,880 1,726,200 1,766,658 13,868,555 1,796,313 2,850,357 725,417 6,979,557 54,106 54,440 2,364,988 15,134,896 4,103,519 $ 1,155,429 2,143,336 1,020,351 19,617,702 996,258 1,852,407 1,763,179 14,221,327 1,513,335 3,028,432 624,934 7,341,639 134,528 31,034 2,136,782 12,842,552 3,025,690 $ 1,154,634 2,252,393 1,479,097 19,644,541 863,880 1,726,200 1,766,658 13,868,555 1,796,313 2,850,357 725,417 6,457,276 54,106 54,440 2,364,988 14,404,854 4,103,519 $ 1,122,694 522,281 730,042 - 120,281,043 77,942,245 73,448,915 75,567,228 2,375,017 41,968,415 4,902,494 24,479,870 3,041,012 24,752,459 3,102,174 20,324,909 3,041,012 4,154,961 - 46,870,909 27,520,882 27,854,633 23,365,921 4,154,961 585,912,700 297,951,260 476,598 374,282,423 190,864,509 313,112 372,714,393 189,380,713 379,960 371,037,879 188,625,947 313,112 3,244,544 2,238,562 - 884,340,558 565,460,044 562,475,066 559,976,938 5,483,106 Criminal Justice 2,625,131 365,792 2,678,632 385,529 2,990,923 3,064,161 Municipal Court Public Defender Total Criminal Justice Public Safety 43,554,450 21,173,657 24,280 40,929,830 20,767,887 34,234 64,752,387 61,731,951 Police Fire Other Total Public Safety - 17 - Operating Expenditures and Encumbrances For the Month Ended February 28 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 $ 4,274,763 880,109 20,735,164 7,906,739 33,796,775 $ 3,271,317 891,209 24,400,238 2,898,416 31,461,180 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 59,665,604 11,172,894 305,626,250 260,424,196 $ 38,249,541 7,398,195 181,999,563 208,173,470 $ 37,481,998 7,246,626 182,031,799 205,810,111 $ 37,651,095 7,398,195 147,563,683 180,333,302 $ 598,446 34,435,880 27,840,168 636,888,944 435,820,769 432,570,534 372,946,275 62,874,494 Community Development 2,436,984 6,570,125 1,685,985 2,639,922 3,217,336 6,586,997 1,656,688 2,932,754 Planning and Development Housing Economic Development Neighborhood Services Department 41,892,298 82,014,323 33,963,216 70,818,138 25,428,457 51,053,941 26,251,763 33,328,334 23,902,120 50,625,212 22,431,410 50,375,350 25,428,457 51,006,843 14,242,327 33,328,334 47,098 12,009,436 - 13,333,016 14,393,775 Total Community Development 228,687,975 136,062,495 147,334,092 124,005,961 12,056,534 102,560,009 35,798,557 8,785,423 61,858,418 10,927,120 62,723,393 3,919,060 1,630,435 63,573,138 22,764,065 6,453,020 40,848,649 7,285,315 36,295,348 2,187,231 1,050,032 64,332,672 22,157,543 5,158,252 40,891,105 7,912,887 37,418,455 2,168,709 965,978 62,306,363 22,764,065 6,453,020 28,456,730 36,096,566 2,187,231 1,050,032 1,266,775 12,391,919 7,285,315 198,782 - 288,202,415 180,456,798 181,005,601 159,314,007 21,142,791 Community Enrichment 6,342,207 1,965,376 826,493 3,956,090 910,103 4,225,657 317,214 43,365 6,317,402 2,206,017 528,248 3,833,969 984,148 4,085,915 205,388 79,993 18,586,505 18,241,080 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 February 28 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 $ 22,203,147 11,167,368 11,063,518 90,647 67,246 44,591,926 $ 20,461,253 10,434,411 7,988,211 434,615 115,475 39,433,965 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 $ 195,451,732 92,257,040 82,682,580 12,638,135 507,883 $ 194,183,591 88,483,186 80,754,185 15,685,436 634,160 $ 119,517,964 46,832,658 74,031,956 9,195,177 507,883 $ 250,085,638 75,933,768 45,424,382 8,650,624 3,442,958 - 628,268,304 383,537,370 379,740,558 133,451,732 866,210 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 7,201,708 577,470 6,073,984 5,617,664 225,023 3,076,103 460,443 3,255,758 418,976 4,801,871 5,190,138 782,273 9,661,527 33,467 4,842,784 852,739 1,910,142 2,213 625,383 10,323,679 3,653,265 4,542 4,798,974 736,414 7,776,214 8,909,123 182,259 3,140,642 257,691 2,119,286 420,169 3,062,859 4,529,339 337,897 9,847,279 33,467 4,150,106 864,522 4,042,543 2,207 312,946 17,620,585 18,281,372 150,142 4,892,517 - 577,470 6,073,984 5,617,664 225,023 3,076,103 460,443 3,255,758 418,976 4,801,871 5,190,138 782,273 9,661,527 33,467 4,842,784 852,739 1,910,142 2,213 625,383 10,323,679 3,653,265 4,542 4,798,974 General Obligation Debt Service 72,184 759,248 702,208 28,128 384,513 57,555 406,969 52,372 600,234 648,767 97,784 1,207,691 4,184 605,348 106,593 238,767 78,173 1,290,460 456,658 568 599,765 92,050 965,221 1,106,905 22,294 384,513 32,139 259,469 52,372 373,151 565,379 41,950 1,217,886 4,184 510,765 106,593 505,279 38,173 2,194,173 2,281,658 18,768 611,452 8,398,169 11,384,374 Total Debt Service 52,454,849 67,188,418 91,669,579 - 67,188,418 19,158,513 28,822,451 Capital Improvement 531,003,638 161,808,740 173,339,576 - 161,808,740 $ 214,007,273 $ 216,971,189 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 - $ 2,035,797,761 $ 2,069,438,554 $ 1,565,261,968 $ 470,535,793 Capital Expenditures and Encumbrances For the Month Ended February 28 2014 2013 $ 20,773 $ 13,352,113 23,034 22,255 98,308 74,219 15,695 1,468 2,916,884 166,357 857,440 452,509 57,514 220,520 1,799,486 474,557 1,332,123 10,064 4,028,326 25,605,912 5,868,827 115,627 6,891,286 57,948 281,376 90,918 90,430 11,104 1,766,303 126,194 9,554 5,761 56,416 4,282,885 1,882,270 9,834 33,702,846 4,222 8,242,028 2,051,423 18,405,524 $ 57,398,384 $ 78,083,949 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 12,659,400 2,893,402 7,548,022 1,618,109 47,238,059 971,825 11,475,314 2,034,035 7,713,141 58,973,395 26,370,374 9,166,428 107,343,452 11,146,109 23,655,539 217,863,460 121,032,175 200,884,214 745,091 $ 118,006,472 1,062,910 4,108,548 2,979,816 4,334,547 3,064,471 160,286 13,202,153 881,156 10,365,209 657,280 724,016 12,954,400 14,265,206 9,277,516 14,709,157 3,090,181 159,709 73,100,031 35,274,012 40,635,918 14,029,452 73,193,004 1,099,433 4,067,406 7,972,008 9,401,781 1,211,198 23,256,899 300,915 357,826 262,377 2,304,513 26,204,513 13,853,108 609,716 49,775,024 1,395,211 37,386,465 14,997,561 57,715,207 $ 1,205,550,989 $ 363,758,085 $ 339,393,617 - 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 4,860,000 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 15,992,172 79,178,014 58,073,538 173,316,734 202,988 11,033,028 966,797 4,108,548 2,181,288 2,411,611 224 10,108,596 82,000 764,106 105,609 396,645 11,376,537 628,394 4,822,930 13,747,832 79,844 49,341,249 9,321,798 40,128,716 531,003,638 $ 161,808,740 $ $ 319,136 $ 285,513,551 262,844 7,799,400 1,357,032 7,461,022 1,613,350 22,386,014 971,825 10,555,389 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 27,567,480 542,103 106,973,444 96,113 798,528 1,922,936 3,064,247 160,286 3,093,557 799,156 9,601,103 551,671 327,371 1,577,863 13,636,812 4,454,586 961,325 3,090,181 79,865 23,758,782 25,952,214 507,202 674,547,351 $ 201,949,345 Unencumbered Budget $ $ (291,152) 202,341,844 8,425,074 565,749 9,679,584 (1,441,145) 4,483,551 1,457,823 34,035,906 90,669 1,110,105 1,376,755 6,989,125 46,018,995 12,105,168 (111,088) 92,634,295 8,055,928 23,495,830 144,763,429 85,758,163 160,248,296 841,792,904 Bonds Authorized and Sold As of February 28 (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