March 2015 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report March 2015 Table of Contents Expenditures by Programs Page Performance Status General Fund Expenditures Report Navigation General Fund Total Expenditures 1 Better than Expected 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 Public Safety 6 Better than Expected Better than Expected - Positive variance of Citywide Expenditures Performance Status 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 Expected Governmental Funds 18 Monitor & Consider Corrective Action Aviation 19 Better than Expected Water System 20 Monitor & Consider Corrective Action Wastewater 21 Monitor & Consider Corrective Action Financial Schedules General Fund Revenue Page 22 General Fund Expenditures 23 Citywide Operating Revenue 24 Citywide Operating Expenditures 25 Citywide Operating Revenue by Source 26 Citywide Operating Expenditures by Program 30 Capital Expenditures and Encumbrances 33 Bonds Authorized and Sold 34 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. March General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total General Fund Expenditures 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 716,907 954,795 75.1% 740,991 995,771 74.4% 775,698 1,038,092 74.7% 779,487 1,042,102 74.8% 786,164 1,103,572 71.2% * - 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 March YTD March 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 March 2015, general fund expenditures are performing better than expected as year to date expenditures are 0.9% higher than through March 2014. General Government 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 51,301 70,650 72.6% 72,484 98,577 73.5% 73,840 102,211 72.2% 75,267 100,400 75.0% 75,375 109,033 69.1% * - 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 March YTD Expenditures March 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 March 2015 with a 0.1% increase from the same period in the prior year. Personal services costs through March 2015 are 5.2% lower than through March 2014. The fiscal year 2014-15 budget includes an 8.6% increase over fiscal year 2013-14 actuals. -1- March General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 25,187 33,324 75.6% 24,901 33,542 74.2% 25,192 33,453 75.3% 24,583 32,659 75.3% 23,401 34,031 68.8% * - 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 March YTD Expenditures March 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 March 2015 with a 4.8% decrease from the same period in the prior year. Personal services costs through March 2015 are 6.6% lower than through March 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 March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 486,015 639,691 76.0% 486,915 647,049 75.3% 513,098 684,609 74.9% 524,479 699,796 74.9% 532,706 726,963 73.3% * - 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 March YTD Expenditures March 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 March 2015 are better than expected with a 1.6% 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- March General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 30,268 38,711 78.2% 28,050 39,161 71.6% 28,766 38,161 75.4% 22,600 29,713 76.1% 26,630 39,756 67.0% * - 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 March YTD Expenditures March 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 March 2015 with a 17.8% increase over the same period in the prior year. Personal services costs through March 2015 are 3.1% lower than through March 2014. Even with the restoration of the General Fund support for Public Transit, year to date expenditures through March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 14,607 19,458 75.1% 14,326 19,393 73.9% 14,790 19,927 74.2% 15,327 20,210 75.8% 14,404 22,241 64.8% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 March MarchYTD 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 March 2015 with a 6.0% decrease over the same period in the prior year, including a 7.8% 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- March General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 102,111 137,793 74.1% 101,262 140,026 72.3% 103,925 141,209 73.6% 105,316 143,665 73.3% 100,480 149,881 67.0% * - 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 MarchYTD YTD March 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 March 2015 with a 4.6% decrease from the same period in the prior year, including a 4.5% decrease in personal services costs. The fiscal year 2014-15 budget includes a 4.3% increase over fiscal year 2013-14 actuals. Environmental Total GeneralServices Fund Environmental Services 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 7,198 14,046 51.2% 11,094 15,723 70.6% 13,693 15,353 89.2% 11,136 13,748 81.0% 12,179 18,508 65.8% * - 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 March 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 March 2015 are 9.4% 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. -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. March Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total Citywide Operating 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 2,245,974 3,026,005 74.2% 2,234,416 2,985,410 74.8% 2,315,329 3,123,865 74.1% 2,268,910 3,054,098 74.3% 2,271,269 3,512,673 64.7% * - 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 March YTD March 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 increase of 0.1% over the prior year through March 2015. General Government 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 57,375 78,047 73.5% 82,178 109,658 74.9% 83,913 114,015 73.6% 86,921 114,235 76.1% 85,317 122,878 69.4% * - 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 March YTD Expenditures March 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 1.8% through March 2015 from the prior March. The budget anticipates an increase of 7.6% for fiscal year 2014-15 over prior year actuals. -5- March Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 30,646 36,958 82.9% 27,132 36,305 74.7% 31,115 41,290 75.4% 30,645 40,697 75.3% 29,608 46,819 63.2% * - 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 March YTD Expenditures March 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 March 2015 of 3.4% from the prior March. 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 604,067 792,002 76.3% 603,796 803,367 75.2% 630,268 842,387 74.8% 632,330 842,270 75.1% 629,308 874,993 71.9% * - 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 March YTD Expenditures March 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 March 2015 expenditures 0.5% lower than the prior year. The budgeted increase for fiscal year 2014-15 over prior year actuals is 3.9%. -6- March Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 458,627 567,830 80.8% 467,058 584,429 79.9% 473,417 582,381 81.3% 470,357 573,025 82.1% 472,717 610,044 77.5% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $700,000 $600,000 March YTD Expenditures March 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 March 2015 of 0.5% over the prior March. 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 133,656 176,114 75.9% 143,001 192,133 74.4% 162,433 209,403 77.6% 149,893 194,542 77.0% 144,003 229,984 62.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 MarchYTD YTD March 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 March 2015 of 3.9% from the prior March. 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- March Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 208,306 274,824 75.8% 200,144 272,353 73.5% 199,935 273,110 73.2% 200,416 272,326 73.6% 194,377 284,721 68.3% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $300,000 MarchYTD YTD March 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 March 2015 of 3.0% from the prior March. The decrease is primarily due to lower personal services costs. The budgeted increase for fiscal year 2014-15 over prior year actuals is 4.6%. Environmental Services 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 428,114 572,693 74.8% 407,000 549,628 74.1% 424,016 564,051 75.2% 429,360 577,118 74.4% 405,627 611,865 66.3% * - 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 MarchYTD YTD March 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 March 2015 of 5.5% from the prior March. 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- March Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 General Obligation Debt Service 10-11 11-12 12-13 13-14 14-15 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 144,466 196,779 73.4% 126,968 157,298 80.7% 103,054 137,208 75.1% 75,587 100,524 75.2% 101,104 148,544 68.1% * - 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 MarchYTD YTD March 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 25 & 32). 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 March 2015, year to date expenditures are 33.8% higher than the prior March. -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 22 - 34 10-11 11-12 12-13 13-14 14-15 (Budget) 14-15 (YTD) $ 388,422 $ 232,848 $ 320,599 $ 263,112 $ 512,724 $ 159,676 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 March 2015, the City has spent or encumbered $23.3 million on major streets projects including $13.1 million on Avenida Rio Salado. An additional $29.8 million has been spent or encumbered on local street maintenance and construction. Additionally, $6.6 million has been spent or encumbered for the Desert Sky Transit Center, $4.4 million for the light rail north west extension, and $7.7 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 $ 197,193 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 $118.8 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 22 - 34 11-12 $ 1,644 12-13 $ 14-15 (Budget) 13-14 21,830 Discussion: $ 23,189 $ 26,317 14-15 (YTD) $ 18,573 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) $ 1,720 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 22 - 34 14-15 (Budget) 13-14 12-13 $ 109,914 $ 58,012 Discussion: $ 131,222 14-15 (YTD) $ 13,844 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) $ 70,513 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 March 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 $13.8 million of an estimated $80 million on mains and lines, most of which is for rehabilitation or replacement. An upgrade to the Customer Care and Billing system costing $4.6 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 22 thru 34 General Fund Revenues $1,200,000 $1,000,000 Mar 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 Mar YTD Actuals 694,421 679,655 703,922 742,923 757,677 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 72.1% 71.7% 71.8% 72.4% 71.5% * - 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 through March 2015 are 2.0% 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 22 thru 34 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 29,276 130,913 50,000 137,956 82,180 10-11 FY 10-11 11-12 12-13 13-14 14-15 YTD 14-15 budget Total 279,932 222,488 194,112 179,136 111,457 188,360 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 5,135 6,706 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 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 % lower than budget expectations through March 2015. This corresponds to a 4.1% increase over year to date revenues through March 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 22 thru 34 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 March 2015 are 1.3% 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 March 2015 local sales tax revenues exceeded March 2014 revenues by 8.7%. Year to date revenues through March 2015 exceeded prior year revenues by 0.7%. Click Here for Additional Information - 15 - State Sales Tax (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 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 March 2015 are 2.5% below the budget estimates for the same period. Through the first nine 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 March 2015 state shared sales tax revenues were 3.7% higher than through March 2014. Click Here for Additional Information - 16 - Vehicle License Tax (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 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 Expected State shared vehicle license tax revenues through March 2015 are 0.5% higher than budget expectations for the same period. Vehicle License Tax 3 Year Trend 6,000 5,000 12-13 Actuals 4,000 13-14 Actuals 3,000 14-15 Actuals 2,000 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 March 2015 were 6.0% higher than through March 2014. Click Here for Additional Information - 17 - Governmental Funds Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Governmental Funds Revenues Budget vs Actual 250,000 200,000 150,000 2014-15 Actuals 100,000 Budget 14-15 50,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action Governmental funds are those funds supported primarily through taxes, bonds and grants and include the general fund as well as funds with dedicated tax revenue streams. They do not include the enterprise funds. Governmental fund revenues through March 2015 are 2.8% lower than budget expectations for the same period. Governmental Funds Revenues 3 Year Trend 300,000 250,000 200,000 2012-13 Actuals 2013-14 Actuals 150,000 2014-15 Actuals 100,000 50,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2011-12 governmental funds revenues were 3.5% lower than fiscal year 2010-11 due to decreases in state shared income tax, highway user revenues and property tax revenues. Fiscal year 2012-13 saw revenues recover to the same level as the 2010-11 revenues. However, fiscal year 2013-14 governmental funds revenues only increased by 0.1% over fiscal year 2012-13 and through March 2015, year to date revenues have increased 0.2% over the prior year. Click Here for Additional Information - 18 - Aviation Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 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 March 2015 were better than expected at 5.9% 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 March 2015, aviation operating revenues are 2.9% higher than through March 2014. Click Here for Additional Information - 19 - Water System Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 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 9.2% below budget projections through March 2015 reflecting the record setting rainfall received in the 2014 monsoon. For the months of November through March actual revenues are only 2.7% below budget expectations for those months. Water System Operating Revenues 3 Year Trend 90,000 80,000 70,000 60,000 12-13 Actuals 50,000 40,000 13-14 Actuals 30,000 14-15 Actuals 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 March 2015 are 5.1% below revenues through March 2014. Click Here for Additional Information - 20 - Wastewater Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 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 March 2015 are 1.7% 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 - 21 - 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 March 31 (dollars in thousands) Budget Estimate 2014-15 Actual Year-to-Date 2014-15 2013-14 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 $ 431,320 2,541 316,381 $ 2,186 314,074 2,220 135,474 175,174 54,300 137,956 2,833 9,495 96,943 131,388 40,750 82,180 2,098 4,700 93,507 121,231 38,442 85,996 2,090 4,854 17,722 1,015 13,487 1,025 7,361 1,431 3,928 11,525 577 11,234 705 4,884 893 3,544 13,093 725 9,285 783 4,964 937 2,794 32,500 13,596 1,800 17,331 25,167 9,289 1,991 11,242 23,717 9,397 1,359 13,454 $ 1,060,289 $ $ - 22 - 757,677 $ 742,922 General Fund Expenditures As of March 31 (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 1,118 $ 2,399 2,650 23,959 1,402 1,761 13,185 1,949 2,310 6,568 2,273 13,068 2,733 75,375 1,284 2,510 1,464 22,435 1,617 1,669 14,553 2,008 3,212 6,993 2,473 13,325 1,724 75,267 29,049 4,982 34,031 19,745 3,656 23,401 21,164 3,419 24,583 471,386 255,563 14 726,963 346,325 186,224 157 532,706 340,423 184,082 (26) 524,479 Transportation Street Transportation Public Transit Total Transportation 21,554 18,202 39,756 12,743 13,887 26,630 13,205 9,395 22,600 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,796 12,481 4,910 54 22,241 3,261 8,098 3,009 36 14,404 3,459 8,534 3,297 37 15,327 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 92,913 35,201 18,895 2,872 149,881 62,127 24,612 11,677 2,064 100,480 65,663 24,772 12,996 1,885 105,316 Environmental Services Public Works Environmental Programs Total Environmental Services 17,663 845 18,508 11,703 476 12,179 10,609 527 11,136 3,159 989 779 - - 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 - 23 - $ 786,164 $ 779,487 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 March 31 (dollars in thousands) Source General Funds Local Taxes: Sales Taxes Privilege License Fees State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax Primary Property Tax Licenses and Permits Cable Communications Municipal Court Police Library Fees Parks and Recreation Planning & Development Street Transportation Fire Interest Other Fees and Service Charges Budget Estimate 2014-15 $ Total General Funds 431,320 2,541 $ 314,074 2,220 93,507 121,231 38,442 85,996 2,090 4,854 13,818 9,285 783 4,964 937 2,794 33,114 1,359 13,454 1,060,289 757,677 742,922 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 22,790 64,930 22,844 4,535 124,445 7,774 35,254 11,011 11,561 80,050 22,979 3,732 20,748 135,405 31,635 21,627 62,367 21,638 6,188 124,494 12,167 33,846 11,530 10,724 73,177 26,292 3,517 21,318 159,184 23,368 944,825 599,693 611,437 322,353 63,497 415,361 214,792 150,150 248,961 47,867 275,665 162,420 111,371 241,944 41,231 290,366 160,786 110,522 1,166,153 846,284 844,849 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 316,381 2,186 96,943 131,388 40,750 82,180 2,098 4,700 12,102 11,234 705 4,884 893 3,544 34,456 1,991 11,242 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 - 24 - $ 2,203,654 $ 2,199,208 Citywide Operating Expenditures As of March 31 (dollars in thousands) Source General Governmen General Funds Other Funds Total General Governmen Actual Year-to-Date 2014-15 2013-14 Budget 2014-15 $ 75,375 $ 9,942 85,317 75,267 11,654 86,921 34,031 12,788 46,819 23,401 6,207 29,608 24,583 6,062 30,645 Public Safety General Funds Other Funds Total Public Safety 726,963 148,030 874,993 532,706 96,602 629,308 524,479 107,851 632,330 Transportation General Funds Other Funds Total Transportation 39,756 570,288 610,044 26,630 446,087 472,717 22,600 447,757 470,357 Community Developmen General Funds Other Funds Total Community Developmen 22,241 207,743 229,984 14,404 129,599 144,003 15,327 134,566 149,893 Community Enrichment General Funds Other Funds Total Community Enrichment 149,881 134,840 284,721 100,480 93,897 194,377 105,316 95,100 200,416 Environmental Services General Funds Other Funds Total Environmental Services 18,508 593,357 611,865 12,179 393,448 405,627 11,136 418,224 429,360 74,164 74,164 101,104 101,104 75,587 75,587 3,159 579,666 582,825 989 208,219 209,208 779 192,622 193,401 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 - $ - 25 - 786,164 1,485,105 2,271,269 $ - 779,487 1,489,423 2,268,910 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 March 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 General Funds $ 34,938,179 129,501 $ 32,146,623 135,165 Local Taxes: Sales Taxes Privilege License Fees $ 431,320,000 2,541,000 $ 316,380,507 2,186,494 $ 314,074,239 2,220,200 35,067,680 32,281,788 Total Local Taxes 433,861,000 318,567,001 316,294,439 10,861,179 14,598,650 4,983,588 10,506,084 13,449,465 4,559,054 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 135,474,000 175,174,000 54,300,000 96,942,760 131,387,846 40,750,201 93,507,312 121,231,464 38,441,655 30,443,417 28,514,603 364,948,000 269,080,807 253,180,431 3,840,473 4,473,038 Primary Property Tax 137,956,000 82,180,223 85,996,101 334,705 301,893 Licenses and Permits 2,833,000 2,097,850 2,089,824 Cable Communications 9,495,000 4,699,956 4,854,021 Municipal Court: Fines and Forfeitures Court Default Fee 17,721,789 1,015,000 11,524,874 576,747 13,093,070 724,973 18,736,789 12,101,621 13,818,043 13,487,000 11,233,687 9,285,194 Library Fees 1,025,000 705,066 782,651 Parks and Recreation 7,361,300 4,884,187 4,964,186 Planning and Development 1,431,400 893,692 936,974 Street Transportation 3,928,108 3,544,251 2,793,996 32,500,000 1,400,000 12,195,773 25,166,520 761,262 8,527,955 23,716,866 733,947 8,663,327 46,095,773 34,455,737 33,114,140 1,800,000 1,991,079 1,358,938 17,330,894 11,242,098 13,453,655 1,060,289,264 757,677,255 742,922,593 235,478 - 1,473,955 79,051 1,834,788 169,707 1,553,006 2,004,495 1,385,587 1,200,654 75,280 86,027 523,659 354,675 80,989 73,239 428,288 270,491 4,491,356 247,850 175,056 2,556,419 350,772 409,212 4,914,262 3,316,403 239,159 189,265 1,359,961 3,152,513 80,481,944 76,219,084 Total State Shared Taxes Total Municipal Court Police Fire: Emergency Transportation Service Hazardous Materials Inspection Fee Other Total Fire Interest Other Fees and Service Charges Total General Funds - 26 - Citywide Operating Revenue by Source (continued) For the Month Ended March 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 Special Revenue and Debt Service Funds $ 1,843,278 131,662 658,313 16,906 $ 1,664,806 118,915 594,574 2,418 2,650,159 2,380,713 5,294,319 1,715,919 (9,303) 4,854,839 1,594,599 (10,669) 7,000,935 6,438,769 2,664,003 2,426,572 561,300 6,021 278,927 (3,635) 15,020 915,719 33,177 296,621 (5,648) 30,230 857,633 1,270,099 9,599,757 7,662,258 8,619,076 3,686,208 17,262,015 12,305,284 - 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 21,791,000 1,556,000 7,783,000 5,000 $ 15,788,856 1,127,775 5,638,877 234,220 $ 15,015,105 1,072,508 5,362,538 176,594 31,135,000 22,789,728 21,626,745 66,032,000 22,381,000 (67,500) 48,431,230 16,587,749 (88,758) 46,442,601 16,009,893 (85,368) 88,345,500 64,930,221 62,367,126 31,337,000 22,844,476 21,637,931 5,722,702 311,350 2,352,140 (70,000) 399,500 2,855,673 57,428 1,603,485 (29,373) 48,099 4,201,045 185,463 1,721,018 (46,930) 127,114 8,715,692 4,535,312 6,187,710 115,177,000 52,021,458 81,405,855 43,039,284 83,910,635 40,583,818 167,198,458 124,445,139 124,494,453 4,385,818 7,774,164 12,167,579 5,966,946 Court Awards 3,143,633 4,289,958 Planning and Development 42,783,000 35,254,251 33,845,627 1,165,164 1,247,543 Capital Construction 15,470,000 11,010,538 11,530,049 2,002,958 12,372 1,674,525 11,292 Sports Facilities: Sales Taxes Interest/Other 16,451,000 250,000 11,334,776 226,372 10,489,314 234,298 2,015,330 1,685,817 16,701,000 11,561,148 10,723,612 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended March 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 Special Revenue and Debt Service Funds (Cont'd) $ Highway User Revenue: Highway User Revenue Interest Other 10,028,394 37,684 3,900 9,099,223 22,604 1,354 10,069,978 9,123,181 2,342,595 1,396,294 47,680 15,530 856,314 1,436,406 Other Restricted Fees 599,830 5,673,151 119,903 Grants: Public Housing: Rentals Grants Other 378,122 5,250,755 273,121 $ 5,901,998 6,392,884 2,660,022 1,424,063 1,601,532 7,328,564 4,397,374 1,615,939 1,297,358 3,797,031 13,014,181 11,107,702 18,916,179 17,500,586 1,294,851 - 1,194,902 (5,638) 1,294,851 1,189,264 70,286,469 68,672,962 106,383,000 200,000 200,000 79,611,638 263,448 174,495 72,826,937 173,120 177,156 106,783,000 80,049,581 73,177,213 Regional Transit Revenues 46,596,781 22,979,019 26,292,082 Community Reinvestment 2,608,664 3,731,474 3,516,795 44,684,752 20,748,383 21,317,925 Total Highway User Revenue $ Total Public Housing 7,109,137 74,501,952 4,714,782 $ 4,945,906 49,277,392 1,776,015 $ 4,971,021 50,487,717 2,984,371 86,325,871 55,999,313 58,443,109 40,078,832 72,253,928 31,945,433 52,142,725 22,989,342 10,546,424 14,656,204 31,214,101 23,373,792 19,564,093 16,020,907 41,781,892 Total Other 196,420,918 79,406,071 100,740,684 Total Grants 282,746,789 135,405,384 159,183,793 50,404,017 4,928,832 29,276,324 2,358,293 21,025,777 2,342,740 55,332,849 31,634,617 23,368,517 944,824,303 599,693,435 611,437,157 131,840,000 182,337,300 800,000 2,498,000 1,895,125 2,982,075 - 77,120,944 166,097,881 523,552 1,487,452 1,697,299 1,861,749 171,751 77,071,478 157,801,660 699,049 2,604,093 1,575,016 2,216,861 (24,620) 322,352,500 248,960,628 241,943,537 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: 8,386,860 21,332,505 80,338 179,028 185,591 260,429 (10,958) 8,308,562 19,537,560 87,324 19,081 177,135 249,859 (27,493) 30,413,793 28,352,028 Sky Harbor: Airlines Concessions Interest Other Phoenix-Goodyear Phoenix-Deer Valley Phoenix-Customer Facility Charge Total Aviation - 28 - Citywide Operating Revenue by Source (continued) For the Month Ended March 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2014-15 2013-14 Enterprise Funds (Cont'd) CONVENTION CENTER: 4,696,772 3,521,390 28,392 4,054,299 2,204,363 19,813 8,246,554 6,278,475 Excise Taxes Operating Revenue Interest Total Convention Center 47,993,000 15,328,192 175,863 33,442,824 14,219,703 204,905 30,951,103 10,114,172 165,639 63,497,055 47,867,432 41,230,914 WATER SYSTEM: $ 18,664,826 483,997 304,578 545,124 142,800 214,386 369,322 $ 20,725,033 20,013,865 468,568 245,507 421,904 479,640 177,221 186,633 21,993,338 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 $ 257,596,557 3,994,273 3,445,250 4,802,387 1,615,800 1,975,088 2,235,152 $ 272,255,736 4,353,260 2,914,714 4,345,142 1,589,220 1,625,399 3,282,923 415,361,000 275,664,507 290,366,394 182,029,000 16,199,000 2,400,000 1,348,000 12,816,000 136,422,699 14,011,492 1,519,740 1,101,061 9,365,243 135,474,318 13,882,722 1,512,540 962,090 8,954,143 214,792,000 162,420,235 160,785,813 128,235,000 9,720,000 270,000 11,925,446 96,008,226 5,891,552 404,006 9,066,704 95,179,522 5,411,201 282,698 9,648,593 150,150,446 111,370,488 110,522,014 1,166,153,001 846,283,290 844,848,672 WASTEWATER: 14,910,346 1,255,627 137,760 127,968 1,105,874 15,055,261 1,263,942 476,040 69,440 (1,878,381) 17,537,575 14,986,302 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,709,305 572,965 57,232 801,654 10,599,414 441,545 36,067 2,117,341 12,141,156 13,194,367 89,064,111 84,804,510 239,832,524 $ 229,696,556 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ - 29 - 3,171,266,568 $ 2,203,653,980 $ 2,199,208,422 Citywide Operating Expenditures by Program For the Month Ended March 31 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 $ 106,744 257,854 400,876 1,329,538 55,069 145,124 214,249 1,448,807 190,503 205,844 10,016 715,564 159,156 5,945 249,529 1,126,647 1,426,740 8,048,205 $ 128,970 257,751 202,982 3,387,573 59,395 166,793 198,115 1,517,132 211,964 361,795 982 903,980 (40,477) 9,577 107,613 989,669 515,021 8,978,835 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 $ 1,118,440 2,399,344 2,804,478 25,718,038 725,444 1,662,852 2,046,550 13,893,767 1,949,071 2,310,650 694,876 7,705,971 1,303,191 28,381 2,272,693 15,039,349 3,643,692 $ 1,283,604 2,510,144 1,682,079 24,154,808 923,275 1,892,993 1,964,773 15,385,687 2,008,277 3,212,152 726,399 7,883,537 13,629 64,017 2,472,601 16,124,565 4,618,540 $ 1,118,440 2,399,344 2,804,478 24,529,874 725,444 1,662,852 2,046,550 13,893,767 1,949,071 2,310,650 694,876 6,844,200 1,303,191 28,381 2,272,693 14,918,649 3,643,692 $ 1,188,164 861,771 120,700 - 122,877,786 85,316,787 86,921,080 83,146,152 2,170,635 41,837,569 4,981,585 25,952,086 3,656,237 27,226,366 3,418,657 21,078,986 3,656,237 4,873,100 - 46,819,154 29,608,323 30,645,023 24,735,223 4,873,100 570,433,037 304,086,736 472,781 413,033,498 215,693,522 580,744 418,053,445 213,938,432 338,432 407,830,820 212,989,793 580,744 5,202,678 2,703,729 - 874,992,554 629,307,764 632,330,309 621,401,357 7,906,407 Criminal Justice 2,678,433 387,604 2,746,496 377,645 3,066,037 3,124,141 Municipal Court Public Defender Total Criminal Justice Public Safety 44,926,045 23,235,857 77,294 43,771,022 23,073,923 25,320 68,239,196 66,870,265 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended March 31 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 $ 4,448,458 818,101 21,507,932 9,412,954 36,187,445 $ 3,986,225 1,006,462 21,923,925 7,619,616 34,536,228 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 60,347,257 11,676,247 285,060,223 252,960,307 $ 42,010,039 8,364,757 200,052,301 222,290,170 $ 42,235,766 8,404,657 203,923,488 215,793,086 $ 41,920,888 8,364,757 162,284,930 184,290,322 $ 89,151 37,767,371 37,999,848 610,044,034 472,717,267 470,356,997 396,860,897 75,856,370 Community Development 2,938,715 6,432,381 2,233,441 2,125,519 3,075,848 6,049,453 1,908,729 2,796,718 Planning and Development Housing Economic Development Neighborhood Services Department 46,760,869 88,592,415 35,505,370 59,125,414 29,054,847 59,464,536 30,100,059 25,383,445 28,504,305 57,103,394 28,160,492 36,125,052 29,054,847 59,408,563 17,042,036 25,383,445 55,973 13,058,023 - 13,730,056 13,830,748 Total Community Development 229,984,068 144,002,887 149,893,243 130,888,891 13,113,996 102,825,230 35,748,673 8,354,628 60,752,841 11,048,412 60,440,955 4,007,435 1,542,517 67,920,654 25,156,598 4,818,011 44,206,853 8,288,521 40,124,471 2,630,232 1,231,741 70,898,589 25,367,745 7,172,898 44,706,047 8,195,418 40,594,612 2,374,918 1,105,897 66,481,438 25,156,598 4,818,011 30,261,873 39,904,379 2,630,232 1,231,741 1,439,216 13,944,980 8,288,521 220,092 - 284,720,691 194,377,081 200,416,124 170,484,272 23,892,809 Community Enrichment 6,895,122 2,756,244 562,235 3,551,411 920,388 5,250,050 216,356 14,189 7,325,451 2,603,680 719,878 3,857,398 910,103 4,299,264 187,687 55,865 20,165,995 19,959,326 Parks and Recreation Library Golf Convention Center Sports and Cultural Facilities Human Services Public Parking Facilities Other Total Community Enrichment - 31 - Citywide Operating Expenditures by Program (continued) For the Month Ended March 31 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 $ 21,925,419 10,341,515 10,818,769 1,071,635 144,528 $ 44,301,866 23,380,888 11,037,622 9,036,934 2,256,967 110,403 45,822,814 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 $ 205,887,514 91,194,453 91,422,337 16,536,181 586,276 $ 218,832,620 103,294,662 91,719,514 14,895,102 618,286 $ 129,491,525 49,783,402 81,650,583 11,737,845 586,276 $ 273,249,631 76,395,989 41,411,051 9,771,754 4,798,336 - 611,865,128 405,626,761 429,360,184 132,377,130 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 7,279,133 155,519 10,219 8,527,154 19,602,372 655,526 4,595,472 513,554 9,011,917 1,517,598 5,521,710 5,775,618 941,247 8,164,863 37,581 7,405,302 2,762,182 2,136,770 126,785 2,056,538 9,005,908 6,613,561 4,732 5,962,145 649,654 6,833,232 6,319,872 253,151 3,460,616 517,999 3,662,728 471,348 5,402,105 5,838,905 880,058 10,869,217 37,650 5,448,133 959,331 2,148,910 2,213 703,556 11,614,138 4,109,923 5,109 5,398,739 - 155,519 10,219 8,527,154 19,602,372 655,526 4,595,472 513,554 9,011,917 1,517,598 5,521,710 5,775,618 941,247 8,164,863 37,581 7,405,302 2,762,182 2,136,770 126,785 2,056,538 9,005,908 6,613,561 4,732 5,962,145 General Obligation Debt Service 16,854 10,219 942,614 2,178,041 72,836 509,809 56,904 1,000,232 168,622 611,969 640,288 104,352 902,387 4,175 821,194 306,893 237,405 228,481 996,616 733,078 512 763,225 72,184 759,248 702,208 28,128 384,513 57,556 406,970 52,372 600,234 648,767 97,785 1,207,690 4,183 605,349 106,592 238,768 78,173 1,290,459 456,658 567 599,765 11,306,706 8,398,169 Total Debt Service 74,164,415 101,104,273 75,586,587 - 101,104,273 43,371,474 31,592,063 Capital Improvement 582,825,492 209,208,068 193,400,803 - 209,208,068 $ 248,416,980 $ 233,112,589 Aviation Civic Plaza 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 93,768,000 Contingencies Total Operating Budget $ 3,532,061,322 - 32 - $ 2,271,269,211 $ 2,268,910,350 $ 1,700,766,423 $ 570,502,788 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 1,789,982 6,430,452 73,898,002 3,250,325 123,636,622 17,957,644 159,820,808 5,983 $ 4,633,522 840,587 5,428,954 393,755 592,864 77,628 5,228,673 15,593 10,464,845 315,457 412,387 11,509,576 480,571 57,857,516 3,414,547 58,003,980 751,652 1,176,755 4,194,104 3,013,592 4,351,633 3,344,871 161,024 13,622,530 1,056,648 10,383,649 657,461 917,232 13,291,422 9,863,447 17,020,412 3,090,181 97,892,988 Total Capital Improvement Program $ 512,724,154 $ 159,676,438 $ 184,789,601 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 $ 1,233,033,986 $ $ 197,193,324 18,572,877 1,720,220 13,844,267 70,512,548 301,843,236 $ 461,519,674 $ $ 125,096,690 17,799,223 234,793 37,825,335 59,290,063 240,246,104 $ 425,035,705 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 1,200,391 513,500 3,281,373 43,581,503 3,182,088 95,545,813 75,677,465 5,983 4,632,137 840,587 1,961,744 216,565 8,652 2,287,360 5,276 81 119,599 8,994,663 89,876 48,836,064 43,310,447 264,321,006 $ 111,309,034 $ 28,117,700 5,868,367 33,602,053 73,266,111 177,650,255 318,504,486 $ 582,825,492 - 33 - $ $ 11,582,599 3,236,127 1,400,614 13,034,302 68,645,392 97,899,034 $ 209,208,068 $ $ $ 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 1,385 3,467,210 177,190 584,212 77,628 2,941,313 10,317 10,464,845 315,376 292,788 2,514,913 390,695 9,021,452 3,414,547 14,693,533 248,403,148 $ 48,367,404 $ 291,191,535 20,449,000 7,347,944 57,955,572 24,861,295 401,805,346 $ 650,208,494 Unencumbered Budget Actual $ $ 1,119,591 3,912,444 359,413 7,021,891 2,042,966 11,152,059 1,328,714 31,343,805 593,407 39,383,625 1,474,525 6,018,065 62,388,426 2,769,754 65,779,106 14,543,097 101,816,828 $ 353,047,716 $ 185,610,725 15,336,750 319,606 809,965 1,867,156 203,944,202 $ $ 122,115,911 7,744,490 39,229,777 117,377,416 131,999,002 418,466,596 $ 252,311,606 $ 771,514,312 Bonds Authorized and Sold As of March 31 (dollars in thousands) Authorized Sold Available 1988 Authorizations General Obligation Bonds Freeway Mitigation, Neighborhood Stabilization, and Slum and Blight Elimination Bonds Fully Issued $ Total General Obligation Bonds Revenue Bonds Bonds Fully Issued Total 1988 Authorizations 29,285 884,175 $ 28,285 884,175 $ 1,000 - 913,460 912,460 1,000 143,890 143,890 - 1,057,350 1,056,350 1,000 66,300 125,300 24,800 61,500 12,000 33,000 91,500 74,000 77,000 78,800 66,000 43,700 64,600 124,685 24,170 60,700 11,205 32,100 89,275 71,645 72,575 77,685 65,950 43,700 1,700 615 630 800 795 900 2,225 2,355 4,425 1,115 50 - 753,900 738,290 15,610 81,000 11,100 198,700 12,800 104,622 74,705 29,178 115,500 107,295 78,200 65,400 63,385 8,510 190,610 8,345 85,510 61,200 21,100 102,290 81,900 58,135 61,770 17,615 2,590 8,090 4,455 19,112 13,505 8,078 13,210 25,395 20,065 3,630 878,500 742,755 135,745 2001 Authorization General Obligation Bonds Education, Youth and Family Cultural Facilities Computer Technology Environmental Cleanup Fire Protection Historic Preservation Library Facilities Street Improvements Neighborhood Protection and Senior Centers Parks, Open Space, and Recreational Facilities Police Protection Storm Sewer and Flood Protection Bonds Fully Issued Total 2001 Authorizations 2006 Authorization General Obligation Bonds Affordable Housing and Neighborhood Revitalization Computer Technology Education and Health Science Facilities Environmental Cleanup Family, Senior, and Youth Cultural Facilities Fire Protection Library Facilities and Improvements Parks, Open Space, and Recreational Facilities Police Protection Street Improvements Storm Sewer and Flood Protection Total 2006 Authorizations Total Bond Program $ - 34 - 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 40,000 11-12 Actuals 35,000 12-13 Actuals 13-14 Actuals 30,000 14-15 Actuals 25,000 14-15 budget 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 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 - Feb Feb 30,658 31,532 32,542 32,084 34,432 33,595 Mar Mar 31,302 32,549 32,047 32,147 34,938 33,920 Apr YTD thru Mar 292,708 300,296 302,923 314,074 316,381 320,542 May June 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 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 Mar 9,134 9,554 9,887 10,506 10,861 11,228 May YTD thru Mar 82,141 83,258 87,193 93,507 96,943 99,435 June 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 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 Mar 4,820 4,860 4,623 4,559 4,984 5,259 May YTD thru Mar 36,503 34,686 35,772 38,442 40,750 40,541 June 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 4,137 4,633 4,990 Governmental Funds Revenue (Dollars in Thousands) Governmental Funds Revenue 240,000 2010-11 Actuals 220,000 2011-12 Actuals 200,000 180,000 2012-13 Actuals 160,000 2013-14 Actuals 140,000 120,000 2014-15 Actuals 100,000 Budget 14-15 80,000 60,000 40,000 20,000 - FY 10-11 11-12 12-13 13-14 14-15 Budget 14-15 July Aug Sept July 75,865 86,818 117,069 125,711 127,962 108,641 Aug 123,363 137,663 123,710 137,320 138,394 139,286 Sept 123,744 121,595 131,313 157,974 133,016 142,561 Oct Oct 145,508 146,785 145,692 143,773 155,801 155,308 Nov Dec Nov 220,424 175,857 188,162 188,461 193,744 206,300 Dec 173,283 166,847 167,796 169,767 162,290 180,827 Jan Jan 145,251 160,819 160,895 153,911 151,099 165,657 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 - Feb Feb 134,926 134,133 134,498 132,551 144,296 143,065 Mar Mar 152,513 143,232 142,641 144,892 150,768 155,511 Apr YTD thru Mar 1,294,876 1,273,749 1,311,776 1,354,360 1,357,371 1,397,156 May Apr 158,657 161,330 160,782 162,046 171,367 June May 197,945 177,804 182,000 204,907 203,416 June 243,282 214,725 241,207 177,153 233,175 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 - A5 - Mar Feb 28,359 27,028 27,884 26,561 26,683 26,234 Apr Mar 28,876 28,470 31,100 28,352 30,414 27,898 May YTD thru Mar 242,923 245,901 253,236 241,944 248,961 235,035 June 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 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 - A6 - Mar Feb 16,371 18,282 18,711 21,185 19,044 20,305 Apr Mar 17,629 20,726 21,386 21,993 20,725 21,945 May YTD thru Mar 257,916 286,155 322,174 290,366 275,665 303,429 June 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 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 - A7 - Mar Feb 23,589 16,038 17,663 18,058 17,960 16,721 Apr Mar 18,759 18,552 14,263 14,986 17,538 15,442 May YTD thru Mar 185,641 183,457 167,184 160,786 162,420 165,214 June 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 17,828 18,095 13,653