February 2015 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report February 2015 Table of Contents Expenditures by Programs Page Performance Status General Fund Expenditures General Fund Total Expenditures 1 Better than Expected Report Navigation General Government 1 Better than Expected Click on either the schedule name or the Criminal Justice 2 Better than Expected performance status in the table of contents to Public Safety 2 Better than Expected be taken directly to that page of the report. Transportation 3 Better than Expected Community Development 3 Better than Expected From any page of the report, click on the Community Enrichment 4 Better than Expected City of Phoenix Bird Emblem to return to the Environmental Services 4 Better than Expected Table of Contents Citywide Total Operating Expenditures 5 Better than Expected General Government 5 Better than Expected Criminal Justice 6 Better than Expected Citywide Expenditures Performance Status Public Safety 6 Better than Expected Better than Expected - Positive variance of Transportation 7 Better than Expected greater than 1% actual vs budget. Community Development 7 Better than Expected Expected - Actual vs budget variance within 1% Community Enrichment 8 Better than Expected positive or negative. Environmental Services 8 Better than Expected Monitor and Consider Taking Action - Negative General Obligation Debt Service 9 Better than Expected variance greater than 1% actual vs budget. Capital Expenditures CIP-General Government 10 Corrective Action Taken - Negative variance CIP-Aviation 10 greater than 1% actual vs budget, however the CIP-Phoenix Convention Center 11 City has taken action to address the negative CIP-Solid Waste Disposal 11 variance. CIP-Wastewater 12 CIP-Water System 12 Revenues by Source General Fund Total Operating Revenue Page 13 Performance Status Monitor & Consider Corrective Action Property Tax 14 Expected Local Sales Tax 15 Corrective Action Taken State Sales Tax 16 Monitor & Consider Corrective Action Vehicle License Tax 17 Better than Expected Aviation 18 Better than Expected Water System 19 Monitor & Consider Corrective Action Wastewater 20 Monitor & Consider Corrective Action Financial Schedules General Fund Revenue Page 21 General Fund Expenditures 22 Citywide Operating Revenue 23 Citywide Operating Expenditures 24 Citywide Operating Revenue by Source 25 Citywide Operating Expenditures by Program 29 Capital Expenditures and Encumbrances 32 Bonds Authorized and Sold 33 Appendix A - Additional Detail for Revenues General Fund Expenditures Expenditures from the City's General Fund for core functions such as Police, Fire, Parks, Streets and Social Services as well as administrative functions such as Mayor and Council, City Manager, Finance, and Human Resources. This does not include any expenditures from dedicated revenue streams such as grants, bonds, specifically dedicated taxes, and enterprise revenues. February General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Total General Fund Expenditures 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 644,076 954,795 67.5% 660,838 995,771 66.4% 693,297 1,038,092 66.8% 698,732 1,042,102 67.1% 704,778 1,103,572 63.9% * - For prior years-total actual expenditures, for current year-total approved budget net of adjustment for contingencies. Better than Expected Total General Fund General Government $1,200,000 $1,200,000 February YTD February YTD Expenditures Expenditures $1,000,000 $1,000,000 $800,000 $800,000 $600,000 $600,000 $400,000 $400,000 $200,000 $200,000 $0 $0 Annual Annual Expenditures * Expenditures * 10-11 10-11 11-12 12-13 13-14 11-12 12-13 14-15 13-14 In order to have a better comparison to prior year actuals, contingencies will only be included in the annual budget to the extent that they have been spent. The general fund provides for core City functions that are not provided by dedicated revenue streams. It does not include services provided by dedicated taxes, grants, bond proceeds or enterprise fund revenues. For fiscal year 2014-15, general fund expenditures are budgeted to increase 5.9% over fiscal year 2013-14 actuals. Through February 2015, general fund expenditures are performing better than expected as year to date expenditures are 0.9% higher than through February 2014. General Government 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 62,137 70,650 88.0% 64,631 98,577 65.6% 64,765 102,211 63.4% 67,617 100,400 67.3% 69,384 109,033 63.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $120,000 $120,000 $100,000 $100,000 $80,000 $80,000 $60,000 $60,000 $40,000 $40,000 February YTD Expenditures February YTD Expenditures Annual Expenditures * Annual Expenditures * $20,000 $20,000 $0$0 10-11 11-12 11-12 10-11 12-13 12-13 13-14 13-14 14-15 General government expenditures include costs for administrative and internal service functions such as the Mayor and City Council, City Manager's Office, City Auditor, Finance, Budget and Research, and Human Resources. General fund general government expenditures are better than expected through February 2015 with an 2.6% increase from the same period in the prior year. Personal Services costs through February 2015 are 5.7% lower than through February 2014. The fiscal year 2014-15 budget includes an 8.6% increase over fiscal year 2013-14 actuals. In the January 2015 report, the general fund general government expenditures were 8.1% lower than the prior year. The primary reason for expenditures being higher than the prior year in February is the encumbering of $3.4 million for the migration from Lotus Notes to Office 365 software. -1- February General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Criminal Justice 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 21,996 33,324 66.0% 22,239 33,542 66.3% 22,565 33,453 67.5% 22,091 32,659 67.6% 21,009 34,031 61.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice Public Safety $40,000 $40,000 $35,000 $35,000 $30,000 $30,000 $25,000 $25,000 $20,000 $20,000 $15,000 $15,000 $10,000 $5,000 $10,000 $0 $5,000 February YTD Expenditures February YTD Expenditures Annual Expenditures * Annual Expenditures * 10-11 11-12 12-13 13-14 $0 10-11 11-12 12-13 13-14 14-15 Criminal justice expenditures include costs for municipal courts and public defenders. General fund criminal justice expenditures are better than expected through February 2015 with a 4.9% decrease from the same period in the prior year. Personal services costs through February 2015 are 6.9% lower than through February 2014. The fiscal year 2014-15 budget includes a 4.2% increase over fiscal year 2013-14 actuals. General fund criminal justice expenditures have been relatively flat for the past four years with a variance of less than 3% between the highest and lowest year. Through February 2015, the year to date expenditures are lower than in the previous four years. Public Safety 10-11 11-12 12-13 13-14 14-15 Transportation Public Safety February YTD Annual % of Annual Expenditures Expenditures * Expenditures 426,630 639,691 66.7% 434,303 647,049 67.1% 457,858 684,609 66.9% 469,702 699,796 67.1% 474,792 726,963 65.3% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $800,000 $800,000 $700,000 $700,000 $600,000 $600,000 $500,000 $400,000 $500,000 $300,000 $400,000 $200,000 $300,000 $100,000 $200,000 $0 $100,000 February YTD Expenditures February YTD Expenditures 10-11 11-12 12-13 13-14 14-15 Annual Expenditures * Annual Expenditures * $0 10-11 11-12 12-13 13-14 Public safety expenditures include costs for police and fire services. General fund public safety expenditures through February 2015 are better than expected with a 1.1% increase over the same period in the prior year. The fiscal year 2014-15 budget includes a 3.9% increase over fiscal year 2013-14 actuals. Although there have been staffing reductions in both police and fire, general fund public safety expenditures have increased each of the last five years as the savings realized by the staff level reductions have been applied to the special revenue funds for public safety dedicated sales taxes. - 2- February General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Transportation 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 26,207 38,711 67.7% 25,135 39,161 64.2% 25,849 38,161 67.7% 20,828 29,713 70.1% 23,851 39,756 60.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Community Development Transportation $45,000 $40,000 $40,000 $35,000 $35,000 $30,000 $30,000 $25,000 $25,000 $20,000 $20,000 $15,000 $15,000 $10,000 $10,000 $5,000 $5,000 $0 $0 February YTD Expenditures February YTD Expenditures Annual Annual Expenditures * Expenditures * 10-11 11-12 12-13 10-11 11-12 12-13 13-14 13-14 14-15 Transportation expenditures include costs for public transit and street maintenance and repair. As part of the plan to reduce the food tax in January 2014, Public Transit used savings achieved by refunding transit bonds to reduce the amount of support needed from the General Fund for fiscal year 2013-14. The 2014-15 budget includes the restoration of the General Fund support for Public Transit resulting in the large year over year increase. Therefore, the fiscal year 2014-15 budget includes a 33.8% increase over fiscal year 2013-14 actuals. General fund transportation expenditures are better than expected through February 2015 with a 14.5% increase over the same period in the prior year. Personal services costs through February 2015 are 3.1% lower than through February 2014. Even with the restoration of the General Fund support for Public Transit, year to date expenditures through February are lower in fiscal year 2014-15 than in fiscal years 2010-11, 2011-12 or 2012-13. Community Development Community Enrichment Community Development 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 12,495 19,458 64.2% 12,841 19,393 66.2% 13,310 19,927 66.8% 13,684 20,210 67.7% 12,892 22,241 58.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 February FebruaryYTD YTD Expenditures Expenditures $20,000 $20,000 $15,000 $15,000 $10,000 $10,000 Annual Expenditures * Annual Expenditures * $5,000 $5,000 $0 $0 10-11 10-11 11-12 12-13 13-14 11-12 12-13 13-14 14-15 Community development expenditures include costs for economic development and neighborhood services. General fund community development expenditures are better than expected through February 2015 with a 5.8% decrease over the same period in the prior year, including an 8.1% decrease in year to date personal services costs. The fiscal year 2014-15 budget includes a 10.0% increase over fiscal year 2013-14 actuals. -3- February General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Community Enrichment 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 90,217 137,793 65.5% 90,135 140,026 64.4% 94,992 141,209 67.3% 94,806 143,665 66.0% 90,592 150,195 60.3% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Environmental Services Community Enrichment $160,000 $160,000 $140,000 $140,000 $120,000 $120,000 $100,000 $100,000 $80,000 $80,000 $60,000 $60,000 $40,000 $40,000 $20,000 $20,000 $0 $0 10-11 11-12 12-13 13-14 10-11 11-12 12-13 FebruaryYTD YTD February Expenditures Expenditures Annual Expenditures * Annual Expenditures * 14-15 13-14 Community enrichment expenditures include costs for parks, recreational activities, senior centers and community centers. General fund community enrichment expenditures are better than expected through February 2015 with a 4.4% decrease from the same period in the prior year, including a 5.1% decrease in personal services costs. The fiscal year 2014-15 budget includes a 4.5% increase over fiscal year 2013-14 actuals. Environmental Total GeneralServices Fund Environmental Services 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 4,084 14,046 29.1% 9,708 15,723 61.7% 12,157 15,353 79.2% 9,274 13,748 67.5% 11,583 18,508 62.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $20,000 $18,000 $18,000 $16,000 $16,000 $14,000 $14,000 $12,000 $12,000 $10,000 $10,000 $8,000 $8,000 $6,000 $6,000 $4,000 $4,000 $2,000 $0 February YTD Expenditures Annual Expenditures * 10-11 10-11 11-12 13-14 11-12 12-13 12-13 14-15 13-14 Environmental service expenditures include costs for maintaining and operating city facilities. General Fund environmental services expenditures through February 2015 are 24.9% higher than the same period in the prior year. Decreases in personal services and commodities costs have been offset by a decrease in costs recovered from other departments. The fiscal year 2014-15 budget includes a 34.6% increase over fiscal year 2013-14 actuals. Historically, the timing of the general fund environmental service expenditures has fluctuated much more than the annual total expenditures. This can lead to large year over year variances in year to date expenditures through the earlier portions of the year. -4- Citywide Expenditures All expenditures of the City including those for enterprise functions and those related to dedicated revenue streams. Expenditures are reported in total and by program. February Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Total Citywide Operating 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 1,991,764 3,026,005 65.8% 2,007,116 2,985,410 67.2% 2,069,439 3,123,865 66.2% 2,035,798 3,054,098 66.7% 2,022,852 3,512,673 57.6% * - For prior years-total actual expenditures, for current year-total approved budget net of adjustments for contingencies and use of the early redemption fund. Total Citywide General Government $4,000,000 $3,500,000 $3,500,000 $3,000,000 $3,000,000 $2,500,000 $2,500,000 $2,000,000 $2,000,000 $1,500,000 $1,500,000 $1,000,000 $1,000,000 $500,000 $500,000 $0 $0 Better than Expected February YTD February YTD Expenditures Expenditures Annual Annual Expenditures * Expenditures * 10-11 10-11 11-12 12-13 13-14 11-12 12-13 14-15 13-14 In order to have a better comparison to prior year actuals, contingencies will only be included in the annual budget to the extent that they have been spent. Additionally, per the note on General Obligation Debt Service Expenditures (Page 9), the credit for the use of the early redemption fund will not be included in the budgetary total. After these adjustments, the budget for fiscal year 2014-15 anticipates an increase of 15.0% over prior year actuals in total operating expenditures. Actual expenditures are better than expected with a year to date decrease of 0.6% from the prior year through February 2015. General Government 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 69,443 78,047 89.0% 72,109 109,658 65.8% 73,449 114,015 64.4% 77,942 114,235 68.2% 77,268 122,878 62.9% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $120,000 $140,000 $100,000 $120,000 $80,000 $100,000 February YTD Expenditures February YTD Expenditures $80,000 $60,000 Annual Expenditures * $60,000 $40,000 $40,000 $20,000 $20,000 Annual Expenditures * $0 10-11 10-11 11-12 12-13 12-13 11-12 13-14 13-14 14-15 General government expenditures include costs for administrative and internal service functions such as the Mayor and City Council, City Manager's Office, City Auditor, Finance, Budget and Research, and Human Resources. Citywide general government expenditures are better than expected with a year-to-date decrease of 0.9% through February 2015 from the prior February. The budget anticipates an increase of 7.6% for fiscal year 2014-15 over prior year actuals. -5- February Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Criminal Justice 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 26,847 36,958 72.6% 24,207 36,305 66.7% 27,855 41,290 67.5% 27,521 40,697 67.6% 26,542 46,819 56.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Public Safety Criminal Justice $50,000 $200,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $0 $5,000 $0 February YTD Expenditures February YTD Expenditures Annual Annual Expenditures * Expenditures * 10-11 10-11 11-12 11-12 12-13 12-13 13-14 13-14 14-15 Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s office. Citywide criminal justice expenditures are better than expected with a year to date decrease at February 2015 of 3.6% from the prior February. The decrease is primarily due to lower personal services costs. The budgeted increase for fiscal year 2014-15 over prior year actuals is 15.0%. Public Safety 10-11 11-12 12-13 13-14 14-15 Transportation Public Safety February YTD Annual % of Annual Expenditures Expenditures * Expenditures 530,994 792,002 67.0% 538,392 803,367 67.0% 562,475 842,387 66.8% 565,460 842,270 67.1% 561,069 874,993 64.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $1,000,000 $900,000 $800,000 $800,000 $700,000 $600,000 $600,000 $500,000 $400,000 $400,000 $200,000 $300,000 $200,000 $0 $100,000 10-11 11-12 12-13 13-14 $0 10-11 11-12 12-13 February YTD Expenditures February YTD Expenditures 14-15 Annual Expenditures * Annual Expenditures * 13-14 Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety expenditures are performing better than expected with year to date February 2015 expenditures 0.8% lower than the prior year. The budgeted increase for fiscal year 2014-15 over prior year actuals is 3.9%. -6- February Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Transportation 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 414,950 567,830 73.1% 429,550 584,429 73.5% 432,571 582,381 74.3% 435,821 573,025 76.1% 436,530 610,044 71.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $700,000 $600,000 February YTD Expenditures February YTD Expenditures $500,000 $400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000 $100,000 $0 $0 Annual Annual Expenditures * Expenditures * 10-11 11-12 12-13 10-11 11-12 12-13 13-14 13-14 14-15 Transportation expenditures include costs for Street lighting, maintenance and repair; Aviation and Public Transit. Citywide transportation expenditures are better than expected with a year to date increase at February 2015 of 0.2% over the prior February. The budgeted increase for fiscal year 2014-15 over prior year actuals is 6.5%. Community Development 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 117,784 176,114 66.9% 128,546 192,133 66.9% 147,334 209,403 70.4% 136,062 194,542 69.9% 130,273 229,984 56.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 FebruaryYTD YTD February Expenditures Expenditures $200,000 $200,000 $150,000 $150,000 $100,000 $100,000 $50,000 $50,000 $0 $0 Annual Expenditures * Annual Expenditures * 10-11 10-11 11-12 12-13 11-12 12-13 13-14 13-14 14-15 Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development expenditures are better than expected with a year to date decrease at February 2015 of 4.3% from the prior February The decrease is primarily due to reduced spending on neighborhood stabilization programs through the Neighborhood Services Department. These expenditures are budgeted to increase 18.2% for fiscal year 2014-15 over prior year actuals. -7- February Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Community Enrichment 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 184,783 274,824 67.2% 178,679 272,353 65.6% 181,006 273,110 66.3% 180,457 272,326 66.3% 174,211 285,034 61.1% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $300,000 FebruaryYTD YTD February Expenditures Expenditures $250,000 $250,000 $200,000 $200,000 $150,000 $150,000 $100,000 $100,000 $50,000 $50,000 $0 $0 Better than Expected Annual Expenditures * Annual Expenditures * 10-11 11-12 12-13 13-14 10-11 11-12 12-13 14-15 13-14 Community Enrichment expenditures include costs for Parks, Libraries, the Convention Center, Senior Centers and Community Centers. Citywide community enrichment expenditures are better than expected with a year to date decrease at February 2015 of 3.5% from the prior February. The decrease is primarily due to lower personal services costs. The budgeted increase for fiscal year 2014-15 over prior year actuals is 4.7%. Environmental Services 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 370,879 572,693 64.8% 363,819 549,628 66.2% 379,741 564,051 67.3% 383,537 577,118 66.5% 361,325 611,865 59.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected General Obligation Services Debt Service Environmental $700,000 $700,000 $600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000 $100,000 $0 $0 10-11 10-11 FebruaryYTD YTD February Expenditures Expenditures Annual Expenditures * Annual Expenditures * 11-12 11-12 12-13 13-14 12-13 13-14 14-15 Environmental Services expenditures include costs for Water, Wastewater and Solid Waste services as well as the care and maintenance of City facilities. Citywide environmental services expenditures are better than expected with a year to date decrease at February 2015 of 5.8% from the prior February. The decrease is primarily due to decreases in personal services and debt service costs. The budgeted increase for fiscal year 2014-15 over prior year actuals is 6.0%. -8- February Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 General Obligation Debt Service 10-11 11-12 12-13 13-14 14-15 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 128,437 196,779 65.3% 112,893 157,298 71.8% 91,670 137,208 66.8% 67,188 100,524 66.8% 89,798 148,544 60.5% * - For prior years-total actual expenditures, for current year-total approved budget net of credit for early redemption fund resources Better than Expected General Obligation Debt Service Total Citywide $250,000 $250,000 FebruaryYTD YTD February Expenditures Expenditures $200,000 $200,000 $150,000 $150,000 $100,000 $100,000 Annual Expenditures * Annual Expenditures * $50,000 $50,000 $0 $010-11 11-12 12-13 10-11 11-12 13-14 12-13 14-15 13-14 Budgeted general obligation debt service expenditures are $74.4 million lower than the anticipated actual expenditures because secondary property tax reserves, not current year budgeted revenues, will be used to pay that portion of the debt service. However, in order to have a better comparison to prior year debt service and to the actual debt service being paid, for this analysis we will use the full anticipated expenditure as the budget amount. Therefore, the budget presented in this chart will be $74.4 million higher than that shown on the accompanying statements (pages 24 & 31). Using the adjusted budget figure, general obligation debt service expenditures are performing better than expected. Budgeted expenditures for fiscal year 2014-15 are 47.8% higher than actual expenditures for the prior fiscal year. Through February 2015, year to date expenditures are 33.7% higher than the prior February. -9- Capital Expenditures Expenditures for capital projects. These expenditures may come from designated capital funds such as bond proceeds or grants, or they may come from operating funds and be reported in both the operating and capital sections. Because of the long-term view used in capital budgeting and the volatility of capital spending, no performance status is provided unless capital spending exceeds the capital budget. Capital Expenditures (Dollars in Thousands) General Gov't Refer to detailed financial schedules pages 21 - 33 10-11 11-12 12-13 13-14 14-15 (Budget) 14-15 (YTD) $ 388,422 $ 232,848 $ 320,599 $ 263,112 $ 512,411 $ 111,255 Discussion: General Gov't Major Projects in fiscal year 2012-13 included Bus Acquisitions ($60 million), Sonoran Preserve Land Acquisitions ($25 million), Ballet Arizona and Arizona Opera facilities ($8 million), and the purchase of fire safety apparatus ($6 million). 14-15 (YTD) 14-15 (Budget) 13-14 Major Projects in fiscal year 2013-14 include technology acquisitions for E-Procurement and Regional Wireless Communications ($21 million), street projects (Avenida Rio Salado-$27 million, Sonoran Desert Drive-$14 million, Black Mountain Blvd ramps to SR51-$9 million, Pinnacle Peak Rd-$10 million, and Greenway Rd/Cave Creek Wash Bridge-$7 million), and Police PACE Upgrade/Replacement ($12 million). 12-13 11-12 10-11 $0 $200,000 $400,000 $600,000 Through February 2015, the City has spent or encumbered $22.8 million on major streets projects including $12.8 million on Avenida Rio Salado. An additional $29.0 million has been spent or encumbered on local street maintenance and construction. Additionally, $5.9 million has been spent or encumbered for the Desert Sky Transit Center, $3.9 million for the light rail north west extension, and $7.4 million on improvements to parks and recreation facilities. Aviation 10-11 11-12 12-13 13-14 14-15 (Budget) 14-15 (YTD) $ 157,884 $ 332,920 $ 168,639 $ 180,571 $ 319,309 $ 190,665 Discussion: Aviation In fiscal year 2011-12 the department spent $190 million on stage 1a of the PHX Sky Train. In fiscal year 2013-14 the department spent $19 million on Terminal Development Concept Design. 14-15 (YTD) 14-15 (Budget) 13-14 Aviation has spent or committed $117.8 million of an expected $126 million in fiscal year 2014-15 for the Terminal Development Concept Design. In addition to normal reinvestment in the infrastructure of the airport system, Aviation has spent or committed $2.2 million of an estimated $23 million for Terminal 4 International Expansion. 12-13 11-12 10-11 $0 $100,000 $200,000 $300,000 - 10 - Capital Expenditures (Dollars in Thousands) 10-11 Phx Convention Ctr $ 4,493 Refer to detailed financial schedules pages 21 - 33 11-12 $ 1,644 12-13 $ 14-15 (Budget) 13-14 21,830 Discussion: $ 23,189 $ 26,317 14-15 (YTD) $ 16,705 Phx Convention Ctr Beginning in fiscal year 2012-13, Phoenix Convention Center began making debt service payments on the state funded portion of the 2005 Convention Center bonds. The payments from the state are accumulated in a capital fund and the subsequent debt service payments are then made from the capital fund within the capital budget. For fiscal year 2012-13 and fiscal year 2013-14 that payment was $20 million. 14-15 (YTD) 14-15 (Budget) 13-14 12-13 Phoenix Convention Center has included another $20 million debt service payment in the fiscal year 2014-15 capital budget. 11-12 10-11 $0 10-11 Solid Waste $ 22,640 11-12 $ 15,512 8,605 Solid Waste 14-15 (Budget) 13-14 12-13 $ $10,000 $ 8,063 $ 40,950 $20,000 $30,000 14-15 (YTD) $ 1,744 Discussion: Fiscal years 2010-11, 2011-12 and 2012-13 included about $5-$6 million per year in spending on the SR85 landfill. Additionally, in fiscal years 2009-10, 2010-11 and 2011-12 renovation of the 27th Ave Transfer Station accounted for a total of $24 million in spending. In fiscal year 2013-14, projects included $3.5 million for methane gas systems at closed landfills and $3 million for a park in Buckeye as part of the intergovernmental agreement for the Buckeye landfill. 14-15 (YTD) 14-15 (Budget) 13-14 12-13 11-12 10-11 $0 $10,000 $20,000 $30,000 $40,000 $50,000 Solid Waste has spent or committed $1.3 million of an estimated $16.4 million for a Composting Facility at the 27th Avenue site. - 11 - Capital Expenditures (Dollars in Thousands) 10-11 Wastewater $ 41,347 11-12 $ 66,342 Refer to detailed financial schedules pages 21 - 33 14-15 (Budget) 13-14 12-13 $ 109,914 $ 58,012 Discussion: $ 131,222 14-15 (YTD) $ 11,260 Wastewater Capital funds were used to pay $25 million, $50 million and $25 million of commercial paper in fiscal years 201112, 2012-13 and 2013-14 respectively. In fiscal year 1213 the department spent $21 million on the Broadway Road Parallel Sewer. In fiscal year 2014-15 Wastewater is planning to begin work on the SROG Interceptor, spending $8 million. 14-15 (YTD) 14-15 (Budget) 13-14 12-13 11-12 10-11 $0 10-11 Water System $ 246,177 11-12 $ 95,990 $50,000 12-13 13-14 14-15 (Budget) $ 110,333 $ 129,080 $ 202,512 $100,000 $150,000 14-15 (YTD) $ 66,206 Discussion: Water System Major Projects in fiscal year 2010-11 included Val Vista GAC Contactors ($51 million), Rehabilitation of the 42nd St/Baseline Reservoir ($19 million), DBP mitigation at various water treatment plants ($27 million), and Residential Pressure Improvements ($41 million). 14-15 (YTD) 14-15 (Budget) 13-14 Major projects in fiscal year 2013-14 include construction of a new 20 million gallon concrete reservoir at Deer Valley WTP ($16 million). 12-13 11-12 10-11 $0 $100,000 $200,000 $300,000 Through February 2015, the water system has spent or committed $9.3 million for rehabilitation at the 24th Street water treatment plant and $24.1 million for improvements to the solids handling facility at the Union Hills water treatment plant. The water system has spent or committed $13.0 million of an estimated $80.1 million on mains and lines, most of which is for rehabilitation or replacement. An upgrade to the Customer Care and Billing system costing $7 million is planned in fiscal year 2014-15. - 12 - Revenues Sources of funds for the operations of the City including local taxes, state shared taxes, user fees and charges, and grants. General Fund Total Operating Revenue (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 General Fund Revenues $1,200,000 $1,000,000 Feb YTD Actuals $800,000 $600,000 $400,000 Annual Revenues* $200,000 $0 10-11 10-11 11-12 12-13 13-14 14-15 Feb YTD Actuals 620,117 608,256 632,174 666,704 677,195 11-12 Annual Revenues* 962,689 948,384 980,945 1,026,167 1,060,289 12-13 13-14 14-15 % of Annual Revenues 64.4% 64.1% 64.4% 65.0% 63.9% * - For prior years - total actual revenues, for current year - total approved budget Monitor & Consider Corrective Action Fiscal Year 2014-15 general fund operating revenues were budgeted to increase 3.3% over prior year actuals. Actual year over year revenues are through February 2015 are 1.6% higher than the same period in the prior year. Specific revenue sources are discussed on the following pages. - 13 - Property Taxes (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Property Taxes Primary & Secondary 300,000 250,000 Secondary 149,019 200,000 94,436 62,012 35,204 128,054 132,101 143,931 150,000 50,404 100,000 Primary 27,981 130,913 50,000 137,956 78,340 10-11 FY 10-11 11-12 12-13 13-14 14-15 YTD 14-15 budget Total 279,932 222,488 194,112 179,136 106,322 188,360 11-12 July (3,017) (2,553) (1,733) (1,260) (1,107) (1,754) Aug 1,118 1,059 1,349 971 760 1,068 12-13 Sept 1,279 1,189 904 867 816 936 Oct 18,792 13,656 11,888 11,107 12,338 11,588 13-14 Nov 85,251 55,555 54,091 46,645 63,660 49,416 Dec 34,444 40,845 31,075 32,028 18,028 32,866 14-15 YTD Jan 9,642 7,689 7,015 7,180 8,869 6,919 Feb 5,599 5,685 4,743 3,818 2,958 4,504 14-15 budget Mar 10,676 8,871 6,670 5,668 Apr 14,532 11,013 8,323 7,300 May 68,087 35,952 44,111 44,562 June 33,529 43,527 25,676 20,250 6,706 8,422 39,405 28,284 Note: Monthly budget amount for 13-14 is the average % of last 3 years of the total budget amount Expected Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart for property tax revenues is presented with an annual perspective. Property tax revenues are 0.7 % higher than budget expectations through February 2015. This corresponds to a 4.9% increase over year to date revenues through February 2014. Total property tax revenues have been decreasing each year since fiscal year 2009-10 with fiscal year 2014-15 anticipated to be the first year where the revenues will start to see recovery. - 14 - Local Sales Tax (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Local Sales Tax Budget vs Actual 42,000 40,000 38,000 36,000 14-15 Actuals 34,000 14-15 budget 32,000 30,000 28,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Corrective Action Taken Local sales tax revenues through February 2015 are 1.8% below budget for that period. In October 2014 the budget and research department lowered their estimate for annual local sales tax revenues by $15.5 million. Expenditures are being monitored to ensure that they do not exceed the available resources based on this new estimate. Local Sales Tax 3 Year Trend 45,000 40,000 35,000 30,000 25,000 12-13 Actuals 20,000 13-14 Actuals 15,000 14-15 Actuals 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June February 2015 local sales tax revenues exceeded February 2014 revenues by 7.3%. Year to date revenues through February 2014 continue to trail prior year revenues by 0.2%. Click Here for Additional Information - 15 - State Sales Tax (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 State Sales Tax Budget vs Actual 16,000 14,000 12,000 10,000 14-15 Actuals 14-15 budget 8,000 6,000 4,000 2,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action State shared sales tax revenues through February 2015 are 2.4% below the budget estimates for the same period. Through the first eight months of the fiscal year, state shared sales taxes have fallen below budget estimates every month. State Sales Tax 3 Year Trend 14,000 12,000 10,000 8,000 12-13 Actuals 13-14 Actuals 6,000 14-15 Actuals 4,000 2,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2013-14 state shared sales tax revenues were 7.0% higher than fiscal year 2012-13. This growth rate is nearly 75% greater than the 4.1% growth rate from fiscal year 2011-12 to fiscal year 2012-13 reflecting continued economic recovery. Through February 2015 state shared sales tax revenues were 3.7% higher than through February 2014. Click Here for Additional Information - 16 - Vehicle License Tax (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Vehicle License Tax Budget vs Actual 6,000 5,000 4,000 14-15 Actuals 3,000 Budget 14-15 2,000 1,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Better Than Expected State shared vehicle license tax revenues through February 2015 are 1.4% higher than budget expectations for the same period. Vehicle License Tax 3 Year Trend 6,000 5,000 4,000 12-13 Actuals 3,000 13-14 Actuals 2,000 14-15 Actuals 1,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June State shared vehicle license tax revenues for fiscal year 2013-14 increased 6.9% over fiscal year 2012-13. This follows a 4.2% increase for fiscal year 2012-13 over fiscal year 2011-12. Revenues through February 2015 were 5.6% higher than through February 2014. Click Here for Additional Information - 17 - Aviation Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Aviation Operating Revenues Budget vs Actual 35,000 30,000 25,000 14-15 Actuals 20,000 Budget 14-15 15,000 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Better than Expected Aviation revenues through February 2015 were better than expected at 5.5% higher than budget expectations for the same period. Aviation Operating Revenues 3 Year Trend 40,000 35,000 30,000 25,000 12-13 Actuals 20,000 13-14 Actuals 15,000 14-15 Actuals 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June In the above chart, fiscal year 2012-13 includes customer facility charge revenues. In fiscal year 2013-14, customer facility charge revenues were moved from operating to non-operating to better reflect their required use for capital projects and debt service. In fiscal year 2012-13, those revenues amounted to $41.4 million. Through February 2015, aviation operating revenues are 2.3% higher than through February 2014. Click Here for Additional Information - 18 - Water System Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Water System Operating Revenues Budget vs Actual 60,000 50,000 40,000 14-15 Actuals Budget 14-15 30,000 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action Water revenues are 9.4% below budget projections through February 2015 reflecting the record setting rainfall received in the 2014 monsoon. For the months of November through February actual revenues are only 2.1% below budget expectations for those months. Water System Operating Revenues 3 Year Trend 90,000 80,000 70,000 12-13 Actuals 60,000 50,000 13-14 Actuals 40,000 14-15 Actuals 30,000 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June In July 2012 Water sold land in McMullen Valley for $29.7 million. Primarily due to the record setting rainfall received in August and September 2014 and above average rainfall in December and January, year to date revenues through February 2015 are 5.0% below revenues through February 2014. Click Here for Additional Information - 19 - Wastewater Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 21 thru 33 Wastewater Operating Revenues Budget vs Actual 25,000 20,000 15,000 14-15 Actuals Budget 14-15 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action Wastewater revenues through February 2015 are 3.3% lower than budget expectations for the same time frame. Fiscal years 2009-10 through 2012-13 included revenues from a contract with Palo Verde Nuclear Generating Station (PVNGS). The contract required annual payments resulting in large revenue spikes in the months the payments were received. Those revenue spikes are reflected in the average monthly revenues used to allocate the annually budgeted revenues for fiscal year 2014-15. Since Wastewater is no longer receiving payments on the PVNGS contract, revenues are much more consistent month to month. We anticipate that revenues will be close to the budgeted amount by year end. Wastewater Operating Revenues 3 Year Trend 30,000 25,000 20,000 12-13 Actuals 13-14 Actuals 15,000 14-15 Actuals 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr Click Here for Additional Information - 20 - May June General Funds Summary Presents comparisons of year-to-date balances to the fiscal year budget and to the actual results for the prior year for the general fund. General Fund Revenue As of February 28 (dollars in thousands) Actual Year-to-Date 2014-15 2013-14 Budget Estimate 2014-15 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 $ $ - 21 - 431,320 2,541 281,442 $ 2,057 281,928 2,085 135,474 175,174 54,300 137,956 2,833 9,495 86,082 116,789 35,767 78,340 1,763 4,464 83,001 107,782 33,883 81,523 1,788 4,854 17,722 1,015 13,487 1,025 7,361 1,431 3,928 10,051 498 9,848 630 4,360 813 3,116 11,258 555 8,084 697 4,609 864 2,524 32,500 13,596 1,800 17,331 20,675 8,866 1,752 9,882 21,161 8,637 1,170 10,301 1,060,289 $ $ 677,195 $ 666,704 General Fund Expenditures As of February 28 (dollars in thousands) Budget Estimate 2014-15 Actual Year-to-Date 2014-15 2013-14 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 $ 1,831 3,537 2,366 37,168 2,072 2,336 19,960 2,410 4,244 9,871 2,956 18,277 2,005 109,033 1,012 $ 2,141 2,258 22,831 1,277 1,580 11,791 1,758 2,105 5,986 2,023 12,118 2,504 69,384 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 29,049 4,982 34,031 17,740 3,269 21,009 19,050 3,041 22,091 471,386 255,563 14 726,963 308,082 166,588 122 474,792 305,652 164,076 (26) 469,702 Transportation Street Transportation Public Transit Total Transportation 21,554 18,202 39,756 11,432 12,419 23,851 12,889 7,939 20,828 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,796 12,481 4,910 54 22,241 2,983 7,168 2,709 32 12,892 3,165 7,569 2,918 32 13,684 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 92,913 35,515 18,895 2,872 150,195 55,814 22,037 10,751 1,990 90,592 58,917 22,204 11,919 1,766 94,806 Environmental Services Public Works Environmental Programs Total Environmental Services 17,663 845 18,508 11,164 419 11,583 8,817 457 9,274 2,845 675 730 - - Criminal Justice Municipal Court Public Defender Total Criminal Justice Public Safety Police Fire Others Total Public Safety Capital Improvement Contingencies Total Expenditures and Encumbrances $ 45,268 $ 1,148,840 - 22 - $ 704,778 $ 698,732 Citywide Summary Presents the City's summarized comparisons of the year-to-date balances to the fiscal year budget and to the actual results for the prior year. Citywide Operating Revenue 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 Budget Estimate 2014-15 $ Total General Funds 431,320 2,541 $ 281,928 2,085 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 1,060,289 677,195 666,704 31,135 88,346 31,337 8,716 167,198 4,386 42,783 15,470 16,701 106,783 46,597 2,609 44,684 282,747 55,333 20,140 57,929 20,180 3,678 107,183 7,774 32,111 9,845 9,546 69,980 20,636 3,684 19,892 116,489 30,340 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 22,179 944,825 529,407 542,764 322,353 63,497 415,361 214,792 150,150 218,547 39,621 254,939 144,883 99,229 213,591 34,952 268,373 145,800 97,328 1,166,153 757,219 760,044 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 281,442 2,057 86,082 116,789 35,767 78,340 1,763 4,464 10,549 9,848 630 4,360 813 3,116 29,541 1,752 9,882 Total Special Revenue and Debt Service Funds Total Operating Revenues $ 135,474 175,174 54,300 137,956 2,833 9,495 18,737 13,487 1,025 7,361 1,431 3,928 46,096 1,800 17,331 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 Enterprise Funds Actual Year-to-Date 2014-15 2013-14 3,171,267 - 23 - $ 1,963,821 $ 1,969,512 Citywide Operating Expenditures As of February 28 (dollars in thousands) Source General Governmen General Funds Other Funds Total General Governmen Actual Year-to-Date 2014-15 2013-14 Budget 2014-15 $ 69,384 $ 7,884 77,268 67,617 10,325 77,942 34,031 12,788 46,819 21,009 5,533 26,542 22,091 5,430 27,521 Public Safety General Funds Other Funds Total Public Safety 726,963 148,030 874,993 474,792 86,276 561,068 469,702 95,758 565,460 Transportation General Funds Other Funds Total Transportation 39,756 570,288 610,044 23,851 412,679 436,530 20,828 414,993 435,821 Community Developmen General Funds Other Funds Total Community Developmen 22,241 207,743 229,984 12,892 117,381 130,273 13,684 122,378 136,062 Community Enrichment General Funds Other Funds Total Community Enrichment 150,195 134,839 285,034 90,592 83,619 174,211 94,806 85,651 180,457 Environmental Services General Funds Other Funds Total Environmental Services 18,508 593,357 611,865 11,583 349,742 361,325 9,274 374,263 383,537 74,164 74,164 89,798 89,798 67,189 67,189 2,845 579,667 582,512 675 165,162 165,837 730 161,079 161,809 Criminal Justice General Funds Other Funds Total Criminal Justice Debt Service General Funds Other Funds Total Debt Service Capital Improvemen General Funds Other Funds Total Capital Improvemen Contingencies General Funds Other Funds Total Contingencies Total Operating General Funds Other Funds Total Operating Budget 109,033 13,845 122,878 $ 45,268 48,500 93,768 $ 1,148,840 2,383,221 3,532,061 - $ - 24 - 704,778 1,318,074 2,022,852 $ - 698,732 1,337,066 2,035,798 Citywide Detail Presents, in detail, the results of the City's operations for the current month and for the fiscal year-to-date. Included are breakdowns of the City's revenues, operating budget expenditures, capital budget expenditures and bonds authorized and sold. Citywide Operating Revenue by Source For the Month Ended February 28 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 General Funds $ 34,431,996 163,328 $ 32,084,128 131,525 Local Taxes: Sales Taxes Privilege License Fees $ 431,320,000 2,541,000 $ 281,442,328 2,056,993 $ 281,927,616 2,085,035 34,595,324 32,215,653 Total Local Taxes 433,861,000 283,499,321 284,012,651 10,243,985 14,598,649 4,920,342 10,429,522 13,700,732 4,798,599 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 135,474,000 175,174,000 54,300,000 86,081,581 116,789,196 35,766,613 83,001,228 107,781,999 33,882,601 29,762,976 28,928,853 364,948,000 238,637,390 224,665,828 2,193,925 3,032,959 Primary Property Tax 137,956,000 78,339,750 81,523,063 157,557 221,269 Licenses and Permits 2,833,000 1,763,145 1,787,931 2,204,241 2,423,916 Cable Communications 9,495,000 4,464,478 4,854,021 1,552,735 108,537 1,971,788 120,093 Municipal Court: Fines and Forfeitures Court Default Fee 17,721,789 1,015,000 10,050,919 497,696 11,258,282 555,266 1,661,272 2,091,881 18,736,789 10,548,615 11,813,548 1,331,768 1,200,618 13,487,000 9,848,100 8,084,540 87,045 127,031 Library Fees 1,025,000 629,786 696,624 449,396 353,094 Parks and Recreation 7,361,300 4,360,528 4,609,511 96,641 92,486 Planning and Development 1,431,400 812,703 863,735 124,913 218,147 Street Transportation 3,928,108 3,115,963 2,523,505 2,924,988 117,575 144,847 3,288,557 49,450 804,385 32,500,000 1,400,000 12,195,773 20,675,164 513,412 8,352,899 21,160,447 383,175 8,254,115 3,187,410 4,142,392 46,095,773 29,541,475 29,797,737 204,581 136,697 Interest 1,800,000 1,751,920 1,169,673 1,136,150 742,613 Other Fees and Service Charges 17,330,894 9,882,137 10,301,142 77,193,199 75,927,609 1,060,289,264 677,195,311 666,703,509 Total State Shared Taxes Total Municipal Court Police Fire: Emergency Transportation Service Hazardous Materials Inspection Fee Other Total Fire Total General Funds - 25 - Citywide Operating Revenue by Source (continued) For the Month Ended February 28 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 Special Revenue and Debt Service Funds $ 1,738,150 124,154 620,769 8,048 $ 1,640,269 117,163 585,811 9,125 2,491,121 2,352,368 5,234,246 1,766,302 1,920 4,950,968 1,673,873 (9,837) 7,002,468 6,615,004 2,507,965 2,361,432 478,712 5,130 248,043 (3,165) 9,683 766,178 26,550 248,930 (5,545) 33,635 738,403 1,069,748 9,018,201 4,680,226 8,377,105 4,775,313 13,698,427 13,152,418 - - 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 Court Awards 21,791,000 1,556,000 7,783,000 5,000 $ 13,945,578 996,113 4,980,564 217,314 $ 13,350,299 953,593 4,767,964 174,176 31,135,000 20,139,569 19,246,032 66,032,000 22,381,000 (67,500) 43,136,911 14,871,830 (79,455) 41,587,762 14,415,294 (74,699) 88,345,500 57,929,286 55,928,357 31,337,000 20,180,473 19,211,359 5,722,702 311,350 2,352,140 (70,000) 399,500 2,294,373 51,407 1,324,558 (25,738) 33,079 3,285,326 152,286 1,424,397 (41,282) 96,884 8,715,692 3,677,679 4,917,611 115,177,000 52,021,458 71,806,098 35,377,026 75,291,559 36,897,610 167,198,458 107,183,124 112,189,169 4,385,818 7,774,164 6,200,633 3,415,875 2,802,518 Planning and Development 42,783,000 32,110,618 29,555,669 1,373,766 1,264,961 Capital Construction 15,470,000 9,845,374 10,282,506 1,868,462 10,206 1,426,364 10,534 Sports Facilities: Sales Taxes Interest/Other 16,451,000 250,000 9,331,818 214,000 8,814,789 223,006 1,878,668 1,436,898 16,701,000 9,545,818 9,037,795 Total Sports Facilities - 26 - Citywide Operating Revenue by Source (continued) For the Month Ended February 28 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 Special Revenue and Debt Service Funds (Cont'd) 9,142,017 31,592 11,840 9,048,265 21,708 24,824 9,185,449 9,094,797 2,720,339 9,865,462 (16,512) 4,421,095 $ 644,175 6,161,277 287,963 $ Highway User Revenue: Highway User Revenue Interest Other 106,383,000 200,000 200,000 69,583,244 225,764 170,595 63,727,714 150,516 175,802 106,783,000 69,979,603 64,054,032 Regional Transit Revenues 46,596,781 20,636,424 24,895,788 (10,920) Community Reinvestment 2,608,664 3,683,794 3,501,265 211,775 Other Restricted Fees 44,684,752 19,892,069 19,881,519 590,374 8,009,449 134,956 7,093,415 8,734,779 2,563,057 1,665,116 1,046,438 4,554,393 3,306,807 (12,214,229) 1,537,681 4,262,752 9,829,004 (3,106,989) 16,922,419 5,627,790 763,684 - 784,699 (5,866) 763,684 778,833 67,103,167 56,623,084 Total Highway User Revenue Grants: Public Housing: Rentals Grants Other $ Total Public Housing 7,109,137 74,501,952 4,714,782 $ 4,567,784 44,026,637 1,502,894 $ 4,371,191 44,814,566 2,864,468 86,325,871 50,097,315 52,050,225 40,078,832 72,253,928 31,945,433 52,142,725 20,329,320 9,122,361 13,054,672 23,885,537 18,976,418 17,948,154 14,723,549 37,984,861 Total Other 196,420,918 66,391,890 89,632,982 Total Grants 282,746,789 116,489,205 141,683,207 50,404,017 4,928,832 27,981,473 2,358,293 19,830,875 2,348,378 55,332,849 30,339,766 22,179,253 944,824,303 529,406,966 542,764,195 131,840,000 182,337,300 800,000 2,498,000 1,895,125 2,982,075 - 68,734,084 144,765,376 443,214 1,308,424 1,511,708 1,601,320 182,709 68,762,916 138,264,100 611,725 2,585,012 1,397,881 1,967,002 2,873 322,352,500 218,546,835 213,591,509 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 Enterprise Funds AVIATION: 8,751,361 17,689,617 62,442 (260,342) 216,314 240,297 (16,369) 8,744,734 16,923,295 80,866 406,809 174,631 243,086 (12,483) 26,683,320 26,560,938 Sky Harbor: Airlines Concessions Interest Other Phoenix-Goodyear Phoenix-Deer Valley Phoenix-Customer Facility Charge Total Aviation - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended February 28 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2014-15 2013-14 Enterprise Funds (Cont'd) CONVENTION CENTER: 4,202,667 1,700,285 21,141 3,788,438 1,726,478 16,891 5,924,093 5,531,807 Excise Taxes Operating Revenue Interest Total Convention Center 47,993,000 15,328,192 175,863 28,746,052 10,698,313 176,513 26,896,804 7,909,809 145,826 63,497,055 39,620,878 34,952,439 WATER SYSTEM: $ 17,143,409 494,952 374,380 527,667 249,000 188,045 66,056 $ 19,043,509 19,146,992 429,442 252,976 513,606 114,900 177,255 549,893 21,185,064 Water Sales Water Service Fees Distribution Intergovernmental Development Fees Interest Other $ Total Water System 393,242,000 6,000,000 4,340,000 6,826,000 2,600,000 2,342,000 11,000 $ 238,931,731 3,510,276 3,140,672 4,257,263 1,473,000 1,760,702 1,865,830 $ 252,241,871 3,884,692 2,669,207 3,923,238 1,109,580 1,448,178 3,096,290 415,361,000 254,939,474 268,373,056 182,029,000 16,199,000 2,400,000 1,348,000 12,816,000 121,512,353 12,755,865 1,381,980 973,093 8,259,369 120,419,057 12,618,780 1,036,500 892,650 10,832,524 214,792,000 144,882,660 145,799,511 128,235,000 9,720,000 270,000 11,925,446 85,298,921 5,318,587 346,774 8,265,050 84,580,108 4,969,656 246,631 7,531,252 150,150,446 99,229,332 97,327,647 1,166,153,001 757,219,179 760,044,162 WASTEWATER: 15,147,059 1,586,312 223,200 120,465 882,573 14,984,805 1,608,087 110,100 110,777 1,244,486 17,959,609 18,058,255 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,699,011 519,622 46,967 912,401 10,588,382 401,872 33,241 949,288 12,178,001 11,972,783 81,788,532 83,308,847 226,084,898 $ 215,859,540 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ - 28 - 3,171,266,568 $ 1,963,821,456 $ 1,969,511,866 Citywide Operating Expenditures by Program For the Month Ended February 28 2015 2014 Budget Estimate 2014-15 Program Actual Year-to-Date 2014-15 2013-14 2014-15 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt General Government $ 110,731 258,863 410,280 5,755,283 55,647 173,424 145,294 1,170,503 163,237 176,516 2,952 779,903 86,698 5,472 247,095 1,452,716 300,583 11,295,197 $ 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 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 $ 1,831,282 3,536,455 2,598,527 39,623,947 1,295,862 2,410,636 2,925,130 20,973,333 2,409,910 4,244,327 616,163 11,446,511 92,797 2,955,905 21,198,759 4,718,242 $ 1,011,696 2,141,490 2,403,602 24,388,500 670,375 1,517,728 1,832,301 12,444,960 1,758,568 2,104,806 684,860 6,990,407 1,144,035 22,436 2,023,164 13,912,702 2,216,952 $ 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 $ 1,011,696 2,141,490 2,403,602 23,332,354 670,375 1,517,728 1,832,301 12,444,960 1,758,568 2,104,806 684,860 6,224,388 1,144,035 22,436 2,023,164 13,805,413 2,216,952 $ 1,056,146 766,019 107,289 - 122,877,786 77,268,582 77,942,245 75,339,128 1,929,454 41,837,569 4,981,585 23,273,653 3,268,633 24,479,870 3,041,012 18,941,869 3,268,633 4,331,784 - 46,819,154 26,542,286 27,520,882 22,210,502 4,331,784 570,433,037 304,086,736 472,781 368,107,453 192,457,665 503,450 374,282,423 190,864,509 313,112 363,482,564 190,054,170 503,450 4,624,889 2,403,495 - 874,992,554 561,068,568 565,460,044 554,040,184 7,028,384 Criminal Justice 2,509,478 394,692 2,625,131 365,792 2,904,170 2,990,923 Municipal Court Public Defender Total Criminal Justice Public Safety 42,159,188 21,654,864 189,449 43,554,450 21,173,657 24,280 64,003,501 64,752,387 Police Fire Other Total Public Safety - 29 - Citywide Operating Expenditures by Program (continued) For the Month Ended February 28 2015 2014 Budget Estimate 2014-15 Program Actual Year-to-Date 2014-15 2013-14 2014-15 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Transportation $ 4,486,461 916,635 19,190,790 6,211,939 30,805,825 $ 4,274,763 880,109 20,735,164 7,906,739 33,796,775 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 60,347,257 11,676,247 285,060,223 252,960,307 $ 37,561,581 7,546,656 178,544,369 212,877,216 $ 38,249,541 7,398,195 181,999,563 208,173,470 $ 37,482,336 7,546,656 144,971,689 179,623,674 $ 79,245 33,572,680 33,253,542 610,044,034 436,529,822 435,820,769 369,624,355 66,905,467 Community Development 2,964,617 6,397,536 2,057,260 2,731,745 2,436,984 6,570,125 1,685,985 2,639,922 Planning and Development Housing Economic Development Neighborhood Services Department 46,760,869 88,592,415 35,505,370 59,125,414 26,116,132 53,032,155 27,866,618 23,257,926 25,428,457 51,053,941 26,251,763 33,328,334 26,116,132 52,982,338 15,130,120 23,257,926 49,817 12,736,498 - 14,151,158 13,333,016 Total Community Development 229,984,068 130,272,831 136,062,495 117,486,516 12,786,315 102,825,230 36,062,173 8,354,628 60,752,841 11,048,412 60,440,955 4,007,435 1,542,517 61,025,532 22,400,354 4,255,776 40,655,442 7,368,133 34,874,421 2,413,876 1,217,552 63,573,138 22,764,065 6,453,020 40,848,649 7,285,315 36,295,348 2,187,231 1,050,032 59,746,229 22,400,354 4,255,776 28,259,204 34,678,783 2,413,876 1,217,552 1,279,303 12,396,238 7,368,133 195,638 - 285,034,191 174,211,086 180,456,798 152,971,774 21,239,312 Community Enrichment 6,683,790 2,338,322 196,818 3,635,093 920,388 4,525,078 348,799 82,627 6,342,207 1,965,376 826,493 3,956,090 910,103 4,225,657 317,214 43,365 18,730,915 18,586,505 Parks and Recreation Library Golf Convention Center Sports and Cultural Facilities Human Services Public Parking Facilities Other Total Community Enrichment - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended February 28 2015 2014 Budget Estimate 2014-15 Program 2014-15 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Actual Year-to-Date 2014-15 2013-14 Environmental Services $ 9,911,543 9,321,627 12,493,295 434,871 135,265 $ 32,296,601 22,203,147 11,167,368 11,063,518 90,647 67,246 44,591,926 Water System Wastewater Solid Waste Management Public Works Environmental Programs $ Total Environmental Services 371,308,322 75,410,036 142,431,385 21,384,796 1,330,589 $ 183,962,095 80,852,938 80,603,568 15,464,546 441,748 $ 195,451,732 92,257,040 82,682,580 12,638,135 507,883 $ 117,698,833 44,042,950 71,917,310 11,198,838 441,748 $ 245,299,679 66,263,262 36,809,988 8,686,258 4,265,708 - 611,865,128 361,324,895 383,537,370 116,025,216 4,441,975 12,231,905 26,136,496 874,035 6,199,154 698,890 12,109,390 2,023,464 7,501,731 8,068,835 1,274,411 14,276,351 50,200 10,019,078 3,684,108 3,136,383 (74,379,600) 3,264,075 16,211,189 8,976,399 86,813 7,279,133 138,665 7,584,540 17,424,331 582,690 4,085,663 456,650 8,011,685 1,348,976 4,909,741 5,135,330 836,895 7,262,476 33,406 6,584,108 2,455,289 1,899,365 126,785 1,828,057 8,009,292 5,880,483 4,220 5,198,920 577,470 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 - 138,665 7,584,540 17,424,331 582,690 4,085,663 456,650 8,011,685 1,348,976 4,909,741 5,135,330 836,895 7,262,476 33,406 6,584,108 2,455,289 1,899,365 126,785 1,828,057 8,009,292 5,880,483 4,220 5,198,920 General Obligation Debt Service 16,854 942,613 2,178,042 72,837 509,809 56,904 1,000,233 168,622 611,970 640,288 104,352 902,386 4,175 821,194 306,892 237,405 228,481 996,616 733,077 513 740,594 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 11,273,857 8,398,169 Total Debt Service 74,164,415 89,797,567 67,188,418 - 89,797,567 17,468,145 19,158,513 Capital Improvement 582,511,992 165,836,594 161,808,740 - 165,836,594 $ 202,929,369 $ 214,007,273 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 Contingencies Total Operating Budget 93,768,000 $ - 3,532,061,322 $ - 31 - 2,022,852,231 $ 2,035,797,761 $ 1,536,972,138 $ 485,880,093 Capital Expenditures and Encumbrances 2014-15 Program Budget General Government Arts and Cultural Facilities Economic Development Energy Conservation Facilities Management Finance Fire Protection Historic Preservation Housing Human Services Information Technology Libraries Neighborhood Services Parks and Mountain Preserves Police Protection Public Transit Regional Wireless Cooperative Street Transportation & Drainage 2013-14 Actual Yearto-Date Actual Yearto-Date $ 1,125,574 $ 8,545,966 1,200,000 12,450,845 2,436,721 11,744,923 1,406,342 36,572,478 609,000 49,848,470 1,476,482 6,430,452 73,898,002 3,250,325 123,636,622 17,957,644 159,820,808 5,610 $ 4,659,311 763,213 5,410,145 264,619 580,184 76,099 3,317,497 15,144 10,465,549 307,623 394,019 11,176,403 436,106 15,074,037 3,414,438 54,894,685 745,091 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 9,277,516 14,709,157 3,090,181 73,100,031 Total Capital Improvement Program $ 512,410,654 $ 111,254,682 $ 155,416,768 Enterprise Aviation Phoenix Convention Center Solid Waste Disposal Wastewater Water System Enterprise Subtotal Total Capital Budget Program $ $ 319,309,235 26,317,367 40,949,997 131,221,683 202,511,550 720,309,832 $ 1,232,720,486 $ $ 190,664,669 16,705,085 1,744,442 11,259,636 66,205,504 286,579,336 $ 397,834,018 $ $ 118,006,472 14,265,206 159,709 35,274,012 40,635,918 208,341,317 $ 363,758,085 2014-15 Year-to-Date Capital Amounts From Operating Funds From Capital Funds Budget Actual Budget $ $ $ 51,574 $ 8,381,140 1,200,000 5,300,845 1,161,446 7,944,250 17,299,618 1,200,391 200,000 3,281,373 43,581,503 3,182,088 95,545,813 75,677,465 5,610 4,658,300 763,213 1,940,634 145,541 1,934,406 4,827 81 119,445 8,732,358 89,556 14,141,219 42,793,759 264,007,506 $ 75,328,949 $ 28,117,700 5,868,367 33,602,053 73,266,111 177,650,255 318,504,486 $ 582,511,992 - 32 - $ $ 11,047,045 3,072,418 1,429,772 10,501,766 64,456,644 90,507,645 $ 165,836,594 $ $ $ 1,074,000 $ 164,826 7,150,000 1,275,275 3,800,673 1,406,342 19,272,860 609,000 48,648,079 1,276,482 3,149,079 30,316,499 68,237 28,090,809 17,957,644 84,143,343 1,011 3,469,511 119,078 580,184 76,099 1,383,091 10,317 10,465,549 307,542 274,574 2,444,045 346,550 932,818 3,414,438 12,100,926 248,403,148 $ 35,925,733 $ 291,191,535 20,449,000 7,347,944 57,955,572 24,861,295 401,805,346 $ 650,208,494 Unencumbered Budget Actual $ $ 1,119,964 3,886,655 436,787 7,040,700 2,172,102 11,164,739 1,330,243 33,254,981 593,856 39,382,921 1,168,859 6,036,433 62,721,599 2,814,219 108,562,585 14,543,206 104,926,123 $ 401,155,972 $ 179,617,624 13,632,667 314,670 757,870 1,748,860 196,071,691 $ $ 128,644,566 9,612,282 39,205,555 119,962,047 136,306,046 433,730,496 $ 231,997,424 $ 834,886,468 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 $ - 33 - 2,689,750 $ 2,537,395 $ 152,355 Appendix A Additional historic and trend information for various revenue streams. Local Sales Tax (Dollars in Thousands) Local Sales Tax 45,000 10-11 Actuals 11-12 Actuals 12-13 Actuals 13-14 Actuals 14-15 Actuals 14-15 budget 40,000 35,000 30,000 25,000 20,000 15,000 July FY 10-11 11-12 12-13 13-14 14-15 14-15 budget July 32,543 33,875 34,005 36,360 35,365 36,235 Aug Aug 32,288 34,239 34,276 35,589 36,414 36,132 Sept Sept 33,087 33,371 34,254 35,873 35,290 36,183 Oct Nov Oct 32,143 34,746 33,337 35,068 34,621 35,841 Dec Nov 32,952 31,854 33,430 34,363 33,033 35,127 Jan Dec 31,456 31,745 32,504 32,474 35,062 33,956 Feb Jan 36,278 36,385 36,527 40,116 37,227 39,553 Note: City of Phoenix revenue is budgeted on an annual basis. 2014-15 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2010-11 through 2013-14 actual expenditures. Return to Summary Page - A1 - Mar Feb 30,658 31,532 32,542 32,084 34,432 33,595 YTD thru Feb 261,406 267,748 270,876 281,928 281,442 Apr May June Mar 31,302 32,549 32,047 32,147 Apr 34,169 34,955 34,911 35,988 May 33,040 32,521 34,699 33,165 June 32,462 39,115 38,243 34,898 33,920 37,094 35,346 38,338 State Sales Tax (Dollars in Thousands) State Sales Tax 14,000 10-11 Actuals 13,000 11-12 Actuals 12,000 12-13 Actuals 11,000 13-14 Actuals 14-15 Actuals 10,000 14-15 budget 9,000 8,000 7,000 6,000 5,000 July FY 10-11 11-12 12-13 13-14 14-15 14-15 budget Aug July 9,769 8,852 9,907 10,309 11,103 11,158 Sept Aug 8,262 8,683 8,755 9,616 9,712 10,146 Sept 8,684 8,993 9,240 10,012 10,552 10,610 Oct Nov Oct 8,642 9,177 9,229 9,923 10,307 10,622 Dec Nov 8,687 9,083 9,456 9,673 10,295 10,601 Jan Dec 8,947 9,055 9,462 10,296 10,695 10,849 Feb Jan 10,757 11,290 11,986 12,744 13,173 13,439 Note: City of Phoenix revenue is budgeted on an annual basis. 2014-15 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2010-11 through 2013-14 actual expenditures. Return to Summary Page - A2 - Mar Feb 9,258 8,572 9,270 10,430 10,244 10,782 Apr YTD thru Feb 73,007 73,705 77,305 83,001 86,082 88,207 May June Mar 9,134 9,554 9,887 10,506 Apr 10,448 9,744 11,037 11,285 May 10,048 9,743 9,902 10,863 June 9,150 11,272 10,599 11,350 11,228 12,214 11,652 12,173 Vehicle License Tax (Dollars in Thousands) Vehicle License Tax 5,500 10-11 Actuals 11-12 Actuals 5,000 12-13 Actuals 13-14 Actuals 4,500 14-15 Actuals 4,000 Budget 14-15 3,500 3,000 2,500 2,000 July FY 10-11 11-12 12-13 13-14 14-15 Budget 14-15 Aug July 5,217 4,482 4,493 4,752 4,963 5,282 Sept Aug 4,141 3,698 3,982 4,663 5,004 4,596 Oct Sept 3,722 3,842 3,852 3,992 3,749 4,296 Nov Oct 4,018 3,669 3,535 3,912 4,415 4,220 Dec Nov 3,224 3,089 3,582 3,958 4,198 3,862 Jan Feb Dec 4,095 3,781 3,993 3,872 3,857 4,389 Jan 3,894 3,645 3,572 3,936 4,661 4,195 Note: City of Phoenix revenue is budgeted on an annual basis. 2014-15 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2010-11 through 2013-14 actual expenditures. Return to Summary Page - A3 - Mar Feb 3,372 3,620 4,141 4,799 4,920 4,442 Apr YTD thru Feb 31,683 29,826 31,149 33,883 35,767 35,282 May June Mar 4,820 4,860 4,623 4,559 Apr 3,854 3,482 3,676 3,826 May 4,091 3,796 4,088 4,643 June 3,851 4,435 4,834 4,778 5,259 4,137 4,633 4,990 Aviation Revenues (Dollars in Thousands) Aviation Operating Revenues 40,000 10-11 Actuals 11-12 Actuals 35,000 12-13 Actuals 13-14 Actuals 30,000 14-15 Actuals Budget 14-15 25,000 20,000 15,000 10,000 July FY 10-11 11-12 12-13 13-14 14-15 Budget 14-15 Aug July 26,581 27,628 28,080 31,036 27,544 27,068 Sept Aug 26,388 24,404 26,231 22,760 26,594 23,834 Oct Sept 26,824 27,570 28,144 26,677 27,855 26,087 Nov Oct 38,540 26,280 30,124 26,505 26,489 29,009 Dec Nov 13,697 27,849 26,471 26,222 27,610 22,510 Jan Dec 27,977 29,526 28,146 27,171 27,853 26,948 Feb Jan 25,681 27,146 27,054 26,659 27,917 25,447 Note: City of Phoenix revenue is budgeted on an annual basis. 2014-15 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2010-11 through FY 2013-14 actual expenditures. Return to Summary Page - A4 - Mar Feb 28,359 27,028 27,884 26,561 26,683 26,234 Apr YTD thru Feb 214,048 217,431 222,136 213,592 218,547 207,137 May June Mar 28,876 28,470 31,100 28,352 Apr 30,528 33,111 34,980 31,467 May 27,087 30,194 31,020 29,350 June 32,096 30,075 28,463 27,200 27,898 31,072 28,102 28,145 Water System Revenues (Dollars in Thousands) Water System Operating Revenues 80,000 75,000 70,000 10-11 Actuals 65,000 12-13 Actuals 60,000 13-14 Actuals 55,000 50,000 14-15 Actuals 11-12 Actuals Budget 14-15 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 July FY 10-11 11-12 12-13 13-14 14-15 Budget 14-15 Aug July 47,691 48,584 79,417 49,017 50,166 52,833 Sept Aug 40,774 44,616 42,419 42,137 40,684 46,373 Oct Sept 39,640 47,230 42,446 41,144 36,711 46,550 Nov Oct 30,588 35,860 34,197 34,917 30,601 36,860 Dec Nov 26,585 30,215 36,338 34,774 32,130 33,299 Jan Dec 21,157 20,946 25,523 22,327 24,573 23,429 Feb Jan 17,482 19,694 21,738 22,872 21,031 21,835 Note: City of Phoenix revenue is budgeted on an annual basis. 2014-15 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2010-11, FY 2011-12, and FY 2013-14 actual expenditures. FY 2012-13 expenditures were excluded from the calculation due to a significant outlier in July 2012. Return to Summary Page - A5 - Mar Feb 16,371 18,282 18,711 21,185 19,044 20,305 Apr YTD thru Feb 240,287 265,428 300,789 268,373 254,939 281,484 May June Mar 17,629 20,726 21,386 21,993 Apr 28,414 27,648 30,809 29,578 May 29,903 32,635 34,663 36,292 June 38,411 42,378 37,680 42,563 21,945 31,141 35,938 44,855 Wastewater Revenues (Dollars in Thousands) Wastewater Operating Revenues 10-11 Actuals 27,000 11-12 Actuals 12-13 Actuals 22,000 13-14 Actuals 14-15 Actuals Budget 14-15 17,000 12,000 7,000 2,000 July FY 10-11 11-12 12-13 13-14 14-15 Budget 14-15 Aug July 18,867 18,754 17,547 17,634 18,325 17,423 Sept Aug 19,831 19,339 18,057 18,252 18,520 17,977 Oct Sept 20,379 19,500 17,930 18,224 18,337 17,979 Nov Oct 18,860 19,161 17,684 17,798 17,754 17,652 Dec Nov 18,540 26,283 20,958 20,452 17,529 21,868 Jan Dec 27,453 18,864 17,744 17,763 18,276 17,564 Feb Jan 19,363 26,967 25,337 17,618 18,183 22,588 Note: City of Phoenix revenue is budgeted on an annual basis. 2014-15 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2011-12 through FY 2013-14 actual expenditures. FY 2010-11 expenditures were excluded from the calculation due to a significant outlier in June 2011. Return to Summary Page - A6 - Mar Feb 23,589 16,038 17,663 18,058 17,960 16,721 Apr YTD thru Feb 166,882 164,906 152,921 145,800 144,883 149,772 May June Mar 18,759 18,552 14,263 14,986 Apr 19,435 18,938 17,865 18,386 May 18,776 19,734 17,982 18,299 June 3,789 10,717 14,638 16,909 15,442 17,828 18,095 13,653