May 2015 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report May 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 Page Performance Status General Fund Total Operating Revenue 13 Expected Property Tax 14 Better than Expected Local Sales Tax 15 Corrective Action Taken State Sales Tax 16 Monitor & Consider Corrective Action Vehicle License Tax 17 Better than 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. May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 870,452 954,795 91.2% 885,079 995,771 88.9% 951,725 1,038,092 91.7% 950,798 1,042,102 91.2% 949,947 1,103,572 86.1% * - 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 $1,100,000 $1,000,000 $1,050,000 May YTD May YTD Expenditures Expenditures $1,000,000 $800,000 $950,000 $600,000 $900,000 $400,000 $850,000 $200,000 $800,000 $0 $750,000 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 May 2015, general fund expenditures are performing better than expected as year to date expenditures are 0.1% lower than through May 2014. General Government 10-11 11-12 12-13 13-14 14-15 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 62,891 70,650 89.0% 86,109 98,577 87.4% 93,493 102,211 91.5% 94,146 100,400 93.8% 89,840 109,033 82.4% * - 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 May YTD Expenditures May 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 May 2015 with a 4.6% decrease from the same period in the prior year. Personal services costs through May 2015 are 5.5% lower than through May 2014. The fiscal year 2014-15 budget includes an 8.6% increase over fiscal year 2013-14 actuals. -1- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 30,528 33,324 91.6% 29,755 33,542 88.7% 30,711 33,453 91.8% 29,846 32,659 91.4% 28,244 34,031 83.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice Public Safety $40,000 $34,000 $35,000 $33,000 $30,000 $32,000 $31,000 $25,000 $30,000 $20,000 $29,000 $15,000 $28,000 $10,000 $27,000 $5,000 May YTD Expenditures May 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 May 2015 with a 5.4% decrease from the same period in the prior year. Personal services costs through May 2015 are 6.7% lower than through May 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 May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 587,992 639,691 91.9% 581,216 647,049 89.8% 628,313 684,609 91.8% 638,481 699,796 91.2% 645,047 726,963 88.7% * - 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 10-11 11-12 12-13 13-14 $0 10-11 11-12 12-13 May YTD Expenditures May YTD Expenditures 14-15 Annual Expenditures * Annual Expenditures * 13-14 Public safety expenditures include costs for police and fire services. General fund public safety expenditures through May 2015 are better than expected with a 1.0% increase over the same period in the prior year. Personal services costs through May 2015 are 2.2% higher than through May 2014 primarily due to increases in pension and overtime costs. 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- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 35,671 38,711 92.1% 33,598 39,161 85.8% 34,946 38,161 91.6% 27,648 29,713 93.1% 31,565 39,756 79.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Community Development Transportation $45,000 $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 May YTD Expenditures May 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 May 2015 with a 14.2% increase over the same period in the prior year. Personal services costs through May 2015 are 3.5% lower than through May 2014. Even with the restoration of the General Fund support for Public Transit, year to date expenditures through May are lower in fiscal year 2014-15 than in fiscal years 201011, 2011-12 or 2012-13. Community Development Community Enrichment Community Development 10-11 11-12 12-13 13-14 14-15 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 17,789 19,458 91.4% 17,316 19,393 89.3% 18,229 19,927 91.5% 18,522 20,210 91.6% 17,280 22,241 77.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 May MayYTD YTD Expenditures Expenditures $20,000 $20,000 $15,000 $15,000 $10,000 $10,000 Annual Annual Expenditures * 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 May 2015 with a 6.7% decrease over the same period in the prior year, including an 8.7% 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. Through May 2015, year to date general fund community development expenditures were lower than the previous four years. -3- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 124,254 137,793 90.2% 121,979 140,026 87.1% 128,996 141,209 91.4% 129,122 143,665 89.9% 122,495 149,881 81.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Environmental Services Community Enrichment $160,000 $150,000 $140,000 $145,000 $120,000 $140,000 $100,000 $135,000 $80,000 $130,000 $60,000 $125,000 $40,000 $120,000 $20,000 $115,000 $0 $110,000 10-11 11-12 12-13 13-14 10-11 11-12 12-13 MayYTD YTD May 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 May 2015 with a 5.1% decrease from the same period in the prior year, including a 4.4% 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 10,799 14,046 76.9% 13,003 15,723 82.7% 14,390 15,353 93.7% 11,726 13,748 85.3% 14,379 18,508 77.7% * - 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 May 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 May 2015 are 22.6% 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. May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 2,708,038 3,026,005 89.5% 2,667,134 2,985,410 89.3% 2,833,957 3,123,865 90.7% 2,744,885 3,054,098 89.9% 2,755,618 3,512,673 78.4% * - 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 $3,200,000 $3,500,000 $3,100,000 May YTD May YTD Expenditures Expenditures $3,000,000 $3,000,000 $2,500,000 $2,900,000 $2,000,000 $2,800,000 $1,500,000 $2,700,000 $1,000,000 $2,600,000 $500,000 $2,500,000 $0 $2,400,000 Better than Expected 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 0.4% over the prior year through May 2015. Through May 2015, citywide year to date pension costs are $3.4 million higher and overtime costs are $7.6 million higher than the same period in the prior year. However, year over year reductions in salaries and fringe benefits of $37.2 million result in a net year to date decrease in citywide personal services costs of over $26 million or 2.0%. General Government 10-11 11-12 12-13 13-14 14-15 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 70,477 78,047 90.3% 96,067 109,658 87.6% 104,746 114,015 91.9% 105,299 114,235 92.2% 100,374 122,878 81.7% * - 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 May YTD Expenditures May 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 4.7% through May 2015 from the prior May. The budget anticipates an increase of 7.6% for fiscal year 2014-15 over prior year actuals. -5- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 37,060 36,958 100.3% 32,286 36,305 88.9% 37,914 41,290 91.8% 37,232 40,697 91.5% 35,797 46,819 76.5% * - 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 May YTD Expenditures May 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 May 2015 of 3.9% from the prior May. 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 731,788 792,002 92.4% 719,987 803,367 89.6% 770,476 842,387 91.5% 768,394 842,270 91.2% 762,709 874,993 87.2% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $1,000,000 $860,000 $840,000 $800,000 $820,000 $800,000 $600,000 $780,000 $760,000 $400,000 $740,000 $720,000 $200,000 $700,000 $0 $680,000 $660,000 10-11 11-12 12-13 13-14 $640,000 10-11 11-12 12-13 May YTD Expenditures May 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 May 2015 expenditures 0.7% lower than the prior year. The budgeted increase for fiscal year 2014-15 over prior year actuals is 3.9%. -6- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 523,646 567,830 92.2% 537,067 584,429 91.9% 545,665 582,381 93.7% 538,073 573,025 93.9% 542,672 609,844 89.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $590,000 $620,000 $580,000 $600,000 $570,000 $560,000 $580,000 $550,000 $560,000 $540,000 $530,000 $540,000 $520,000 $520,000 $510,000 $500,000 $490,000 $480,000 May YTD Expenditures May 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 Street lighting, maintenance and repair; Aviation and Public Transit. Citywide transportation expenditures are better than expected with a year to date increase at May 2015 of 0.9% over the prior May. The budgeted increase for fiscal year 2014-15 over prior year actuals is 6.4%. Community Development 10-11 11-12 12-13 13-14 14-15 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 160,898 176,114 91.4% 171,223 192,133 89.1% 193,293 209,403 92.3% 178,348 194,542 91.7% 171,235 228,859 74.8% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 MayYTD YTD May 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 May 2015 of 4.0% from the prior May. The decrease is primarily due to reduced spending on neighborhood stabilization programs through the Neighborhood Services Department. These expenditures are budgeted to increase 17.6% for fiscal year 2014-15 over prior year actuals. -7- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 252,752 274,824 92.0% 239,944 272,353 88.1% 249,731 273,110 91.4% 248,395 272,326 91.2% 233,877 284,721 82.1% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $280,000 MayYTD YTD May Expenditures Expenditures $250,000 $270,000 $200,000 $260,000 $150,000 $250,000 $100,000 $240,000 $50,000 $230,000 $0 $220,000 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 May 2015 of 5.8% from the prior May. 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 524,957 572,693 91.7% 489,831 549,628 89.1% 515,850 564,051 91.5% 525,172 577,118 91.0% 495,881 611,543 81.1% * - 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 MayYTD YTD May 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 May 2015 of 5.6% from the prior May. 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- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 176,524 196,779 89.7% 155,120 157,298 98.6% 125,823 137,208 91.7% 92,383 100,524 91.9% 123,891 148,544 83.4% * - 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 MayYTD YTD May 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 May 2015, year to date expenditures are 34.1% higher than the prior May. -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 $ 517,171 $ 212,163 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 May 2015, the City has spent or encumbered $28.5 million on major streets projects including $14.6 million on Avenida Rio Salado. An additional $29.9 million has been spent or encumbered on local street maintenance and construction. Additionally, $20.6 million has been spent or encumbered for the Transit South Facility Upgrade, $43.0 million for bus purchases, and $16.8 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 $ 217,509 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 $121.0 million of an expected $126 million in fiscal year 2014-15 for Terminal Development Concept Design and Construction. In addition to normal reinvestment in the infrastructure of the airport system, Aviation has spent or committed $14.1 million for Terminal 4 Improvements. 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) $ 22,825 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) $ 18,214 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 Solid Waste has spent or committed $16.1 million for a Composting Facility at the 27th Avenue site. $0 $10,000 $20,000 $30,000 $40,000 $50,000 - 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) $ 30,866 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. 14-15 (YTD) 14-15 (Budget) 13-14 In fiscal year 2014-15 Wastewater has spent $19.4 million on infrastructure (mains, lines and lift stations), most of which is for rehabilitation or replacement. 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 $ 199,712 $100,000 $150,000 14-15 (YTD) $ 86,045 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 May 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 $20.2 million on mains and lines, most of which is for rehabilitation or replacement. - 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 May 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 May YTD Actuals 875,951 844,408 885,412 930,638 955,325 Annual Revenues* 962,689 948,384 980,945 1,026,167 1,060,289 11-12 12-13 13-14 14-15 % of Annual Revenues 91.0% 89.0% 90.3% 90.7% 90.1% * - For prior years - total actual revenues, for current year - total approved budget Expected Fiscal Year 2014-15 general fund operating revenues were budgeted to increase 3.3% over prior year actuals. Actual year over year revenues through April 2015 are 2.7% 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 300,000 250,000 200,000 Secondary 149,019 94,436 150,000 62,012 35,204 50,404 44,097 Primary 100,000 50,000 130,913 128,054 132,101 143,931 122,709 137,956 10-11 11-12 12-13 13-14 14-15 YTD 14-15 budget - FY 10-11 11-12 12-13 13-14 14-15 YTD 14-15 budget Total 279,932 222,488 194,112 179,136 166,807 188,360 July (3,017) (2,553) (1,733) (1,260) (1,107) (1,754) Aug 1,118 1,059 1,349 971 760 1,068 Sept 1,279 1,189 904 867 816 936 Oct 18,792 13,656 11,888 11,107 12,338 11,588 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 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 Mar 10,676 8,871 6,670 5,668 5,135 6,706 Apr 14,532 11,013 8,323 7,300 9,411 8,422 May 68,087 35,952 44,111 44,562 45,939 39,405 June 33,529 43,527 25,676 20,250 28,284 Note: Monthly budget amount for 13-14 is the average % of last 3 years of the total budget amount Better than 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 4.2 % higher than budget expectations through May 2015. This corresponds to a 5.0% increase over year to date revenues through May 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 May 2015 are 1.6% 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 May 2015 local sales tax revenues fell short of May 2014 revenues by 0.3%. This is the first month since January with a year over year decline. Year to date revenues through May 2015 exceeded prior year revenues by 0.9%. 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 May 2015 are 1.9% below the budget estimates for the same period. For the second month in a row state shared sales tax revenues exceeded budget expectations. 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 May 2015 state shared sales tax revenues were 4.5% higher than through May 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 Better Than Expected State shared vehicle license tax revenues through May 2015 are 1.9% higher than budget expectations for the same period. May 2015 was the largest month for state shared vehicle license tax revenues since July 2010. 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 May 2015 were 7.2% higher than through May 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 May 2015 are 2.9% 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 May 2015, year to date revenues have decreased 0.1% from 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 May 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 May 2015, aviation operating revenues are 2.6% higher than through May 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 8.4% below budget projections through May 2015 reflecting the record setting rainfall received in the 2014 monsoon. Unusually cool and wet weather in April and May 2015 continued to impact revenues as May revenues were 10.3% below budget and 11.1% below May 2014. 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 May 2015 are 4.7% below revenues through May 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 May 2015 are 1.4% 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 May 31 (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 $ $ - 22 - 431,320 2,541 386,633 $ 2,393 383,228 2,400 135,474 175,174 54,300 137,956 2,833 9,495 120,905 160,585 50,266 122,709 2,520 7,137 115,655 148,130 46,911 127,628 2,488 7,289 17,722 1,015 13,487 1,025 7,361 1,431 3,928 14,482 820 14,017 859 6,638 1,162 4,876 16,218 938 11,977 964 6,541 1,118 3,875 32,500 13,596 1,800 17,331 31,075 12,377 2,443 13,428 28,630 12,100 1,765 12,783 1,060,289 $ $ 955,325 $ 930,638 General Fund Expenditures As of May 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 1,342 $ 2,907 3,189 29,519 1,779 2,072 15,727 1,901 2,802 7,982 2,772 14,654 3,194 89,840 1,518 3,045 1,945 28,077 2,034 2,019 17,489 2,176 3,812 8,740 3,004 18,452 1,835 94,146 29,049 4,982 34,031 23,807 4,437 28,244 25,674 4,172 29,846 471,386 255,563 14 726,963 420,429 224,460 158 645,047 413,627 224,841 13 638,481 Transportation Street Transportation Public Transit Total Transportation 21,554 18,202 39,756 14,972 16,593 31,565 16,307 11,341 27,648 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,796 12,481 4,910 54 22,241 3,839 9,764 3,632 45 17,280 4,086 10,556 3,835 45 18,522 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 92,913 35,201 18,895 2,872 149,881 75,914 29,236 14,925 2,420 122,495 80,142 30,528 16,222 2,230 129,122 Environmental Services Public Works Environmental Programs Total Environmental Services 17,663 845 18,508 13,797 582 14,379 11,077 649 11,726 3,159 1,097 1,307 45,268 - - Criminal Justice Municipal Court Public Defender Total Criminal Justice Public Safety Police Fire Others Total Public Safety Capital Improvement Contingencies Total Expenditures and Encumbrances $ 1,148,840 - 23 - $ $ 949,947 $ 950,798 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 May 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 $ 383,228 2,400 115,655 148,130 46,911 127,628 2,488 7,289 17,156 11,977 964 6,541 1,118 3,875 40,730 1,765 12,783 1,060,289 955,325 930,638 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 27,950 78,544 28,038 5,935 155,800 7,774 44,127 13,297 16,031 101,198 28,089 5,068 33,051 173,172 46,455 26,849 76,007 26,889 8,327 168,401 12,167 41,200 14,046 14,919 92,647 39,024 4,700 29,483 202,423 33,593 944,825 764,529 790,675 322,353 63,497 415,361 214,792 150,150 310,516 61,514 339,386 198,294 136,701 302,761 54,759 356,237 197,471 134,822 1,166,153 1,046,411 1,046,050 2,766,265 $ 2,767,363 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 386,633 2,393 120,905 160,585 50,266 122,709 2,520 7,137 15,302 14,017 859 6,638 1,162 4,876 43,452 2,443 13,428 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 - $ Citywide Operating Expenditures As of May 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 $ Criminal Justice General Funds Other Funds Total Criminal Justice 109,033 13,845 122,878 $ 89,840 $ 10,534 100,374 94,146 11,153 105,299 34,031 12,788 46,819 28,244 7,553 35,797 29,846 7,386 37,232 Public Safety General Funds Other Funds Total Public Safety 726,963 148,029 874,992 645,047 117,662 762,709 638,481 129,913 768,394 Transportation General Funds Other Funds Total Transportation 39,756 570,088 609,844 31,565 511,107 542,672 27,648 510,425 538,073 Community Developmen General Funds Other Funds Total Community Developmen 22,241 206,618 228,859 17,280 153,955 171,235 18,522 159,826 178,348 Community Enrichment General Funds Other Funds Total Community Enrichment 149,881 134,840 284,721 122,495 111,382 233,877 129,122 119,273 248,395 Environmental Services General Funds Other Funds Total Environmental Services 18,508 593,035 611,543 14,379 481,502 495,881 11,726 513,446 525,172 74,164 74,164 123,891 123,891 92,383 92,383 3,159 581,314 584,473 1,097 288,085 289,182 1,307 250,282 251,589 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 45,268 48,500 93,768 $ 1,148,840 2,383,221 3,532,061 - $ - 25 - 949,947 1,805,671 2,755,618 $ - 950,798 1,794,087 2,744,885 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 May 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 General Funds $ 33,049,491 95,710 $ 33,165,785 73,567 Local Taxes: Sales Taxes Privilege License Fees $ 431,320,000 2,541,000 $ 386,633,275 2,392,738 $ 383,228,445 2,399,706 33,145,201 33,239,352 Total Local Taxes 433,861,000 389,026,013 385,628,151 11,696,655 14,598,650 5,108,351 10,862,865 13,449,465 4,643,480 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 135,474,000 175,174,000 54,300,000 120,904,612 160,585,145 50,266,340 115,655,363 148,130,394 46,911,138 31,403,656 28,955,810 364,948,000 331,756,097 310,696,895 33,590,733 35,756,232 Primary Property Tax 137,956,000 122,709,398 127,628,053 194,178 207,220 Licenses and Permits 2,833,000 2,519,676 2,487,875 Cable Communications 9,495,000 7,136,885 7,289,333 Municipal Court: Fines and Forfeitures Court Default Fee 17,721,789 1,015,000 14,481,623 820,067 16,217,848 938,141 18,736,789 15,301,690 17,155,989 13,487,000 14,016,751 11,976,724 Library Fees 1,025,000 858,914 964,135 Parks and Recreation 7,361,300 6,637,747 6,540,579 2,436,874 - Total State Shared Taxes 1,389,503 101,761 1,434,955 87,473 1,491,264 1,522,428 1,625,929 1,285,757 63,439 131,439 1,016,168 83,630 136,332 112,373 Planning and Development 1,431,400 1,162,699 1,118,038 837,240 291,108 Street Transportation 3,928,108 4,875,745 3,875,003 3,312,023 260,300 244,004 2,606,609 175,725 193,542 32,500,000 1,400,000 12,195,773 31,074,703 1,175,425 11,202,049 28,630,289 1,101,022 10,998,610 3,816,327 2,975,876 46,095,773 43,452,177 40,729,921 231,822 204,799 Interest 1,800,000 2,443,237 1,764,759 1,127,141 315,136 Other Fees and Service Charges 17,330,894 13,428,245 12,783,019 111,116,304 105,081,160 1,060,289,264 955,325,274 930,638,474 Total Municipal Court Police Fire: Emergency Transportation Service Hazardous Materials Inspection Fee Other Total Fire Total General Funds - 26 - Citywide Operating Revenue by Source (continued) For the Month Ended May 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 Special Revenue and Debt Service Funds $ 1,628,516 116,322 581,613 10,585 $ 1,727,226 123,373 616,867 3,088 2,337,036 2,470,554 4,762,016 1,567,814 (6,604) 4,927,745 1,587,508 (10,040) 6,323,226 6,505,213 2,353,322 2,483,794 309,539 1,789 263,907 170 136,017 789,149 66,611 224,092 (2,584) 19,685 711,422 1,096,953 9,218,023 6,050,681 8,894,090 18,887,920 15,268,704 27,782,010 - - 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 $ 19,386,987 1,384,785 6,923,924 254,464 $ 18,666,533 1,333,323 6,666,619 182,345 31,135,000 27,950,160 26,848,820 66,032,000 22,381,000 (67,500) 58,731,286 19,916,063 (102,971) 56,789,630 19,322,788 (105,451) 88,345,500 78,544,378 76,006,967 31,337,000 28,037,749 26,888,629 5,722,702 311,350 2,352,140 (70,000) 399,500 3,595,326 65,716 2,116,690 (30,178) 187,026 5,441,015 257,598 2,172,268 (54,402) 510,060 8,715,692 5,934,580 8,326,539 115,177,000 52,021,458 100,876,838 54,923,117 102,797,500 65,604,063 167,198,458 155,799,955 168,401,563 4,385,818 7,774,164 12,167,579 4,075,154 3,462,782 Planning and Development 42,783,000 44,126,612 41,200,227 1,114,059 1,250,379 Capital Construction 15,470,000 13,296,713 14,046,113 1,818,756 12,408 1,707,832 11,865 Sports Facilities: Sales Taxes Interest/Other 16,451,000 250,000 15,780,879 250,451 14,661,361 257,337 1,831,164 1,719,697 16,701,000 16,031,330 14,918,698 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended May 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 Special Revenue and Debt Service Funds (Cont'd) $ 10,163,655 39,601 - 9,431,784 22,791 18,908 10,203,256 9,473,483 2,795,010 9,155,646 1,192,892 2,577,739 431,491 5,893,888 782,852 $ Highway User Revenue: Highway User Revenue Interest Other 106,383,000 200,000 200,000 100,684,153 339,129 174,495 92,230,895 219,038 197,253 106,783,000 101,197,777 92,647,186 Regional Transit Revenues 46,596,781 28,088,862 39,023,835 1,173,080 Community Reinvestment 2,608,664 5,067,810 4,699,814 2,347,887 Other Restricted Fees 44,684,752 33,051,053 29,482,815 448,697 5,335,928 239,781 Grants: Public Housing: Rentals Grants Other 7,108,231 6,024,406 799,705 5,769,789 954,376 3,743,362 3,663,356 7,568,438 65,563 4,778,487 11,267,232 16,075,844 18,375,463 22,100,250 12,348,332 - 8,806,254 (1,979) 12,348,332 8,804,275 81,506,779 99,826,003 Total Highway User Revenue $ Total Public Housing 7,109,137 74,501,952 4,714,782 $ 6,355,091 61,637,547 3,062,396 $ 6,040,245 64,621,711 3,480,936 86,325,871 71,055,034 74,142,892 40,078,832 72,253,928 31,945,433 52,142,725 27,328,847 17,902,682 17,403,306 39,482,272 30,225,370 29,483,693 17,899,382 50,671,683 Total Other 196,420,918 102,117,107 128,280,128 Total Grants 282,746,789 173,172,141 202,423,020 50,404,017 4,928,832 44,097,007 2,358,293 31,256,572 2,336,052 55,332,849 46,455,300 33,592,624 944,824,303 764,528,584 790,674,429 131,840,000 182,337,300 800,000 2,498,000 1,895,125 2,982,075 - 95,135,321 207,970,113 681,651 1,981,442 2,080,627 2,483,210 183,339 94,856,244 198,562,865 851,785 3,938,718 1,937,987 2,708,972 (95,735) 322,352,500 310,515,703 302,760,836 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: 8,849,736 19,544,253 81,601 258,245 171,819 334,540 10,550 8,751,658 19,325,602 79,358 808,869 182,351 238,564 (36,085) 29,250,744 29,350,317 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 May 31 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2014-15 2013-14 Enterprise Funds (Cont'd) CONVENTION CENTER: 4,128,144 962,673 30,969 4,044,935 1,597,301 23,414 5,121,786 5,665,650 Excise Taxes Operating Revenue Interest Total Convention Center 47,993,000 15,328,192 175,863 42,644,206 18,605,116 264,623 40,136,504 14,412,431 209,952 63,497,055 61,513,945 54,758,887 WATER SYSTEM: $ 30,034,541 462,380 435,500 607,015 270,360 178,991 260,080 $ 32,248,867 34,140,716 437,855 304,877 555,639 242,340 166,639 443,833 36,291,899 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 $ 316,968,510 4,969,966 4,420,863 5,983,689 2,217,840 2,458,955 2,366,028 $ 333,861,203 5,262,642 3,746,556 5,293,841 2,215,920 2,024,120 3,831,762 415,361,000 339,385,851 356,236,044 182,029,000 16,199,000 2,400,000 1,348,000 12,816,000 166,626,607 17,188,012 2,064,780 1,401,890 11,013,239 165,829,172 17,169,999 2,109,720 1,196,463 11,165,538 214,792,000 198,294,528 197,470,892 128,235,000 9,720,000 270,000 11,925,446 117,436,271 7,181,001 508,089 11,575,793 116,415,794 6,447,669 353,708 11,604,852 150,150,446 136,701,154 134,822,023 1,166,153,001 1,046,411,181 1,046,048,682 WASTEWATER: 15,052,564 1,419,332 225,420 130,515 934,400 15,220,441 1,508,326 221,340 97,147 1,251,559 17,762,231 18,298,813 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,709,955 570,513 52,391 917,540 10,626,958 242,779 35,410 965,532 12,250,399 11,870,679 96,634,027 101,477,358 289,257,110 $ 306,384,521 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ - 29 - 3,171,266,568 $ 2,766,265,039 $ 2,767,361,585 Citywide Operating Expenditures by Program For the Month Ended May 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 $ 104,365 242,752 271,679 2,577,706 61,370 255,821 176,088 1,287,667 72,557 154,996 20,771 793,053 138,138 6,692 237,178 1,122,816 37,685 7,561,334 $ 120,457 258,264 294,562 2,894,112 63,590 167,879 205,179 1,562,585 15,136 234,183 4,476 984,032 (40,903) 7,297 263,998 2,046,106 661,078 9,742,031 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 $ 1,342,372 2,907,473 3,365,205 31,651,009 842,628 2,081,355 2,412,608 16,567,763 1,901,447 2,801,837 773,518 9,336,017 1,558,718 42,997 2,771,804 17,051,819 2,965,471 $ 1,517,924 3,045,402 2,211,484 30,196,379 1,045,952 2,352,842 2,379,368 18,506,776 2,175,466 3,812,240 734,088 9,825,717 (11,605) 77,302 3,003,633 19,884,719 4,541,384 $ 1,342,372 2,907,473 3,365,205 30,198,809 842,628 2,081,355 2,412,608 16,567,763 1,901,447 2,801,837 773,518 8,282,741 1,558,718 42,997 2,771,804 16,904,297 2,965,471 $ 1,452,200 1,053,276 147,522 - 122,877,786 100,374,041 105,299,071 97,721,043 2,652,998 41,837,569 4,981,585 31,360,366 4,436,960 33,059,482 4,172,320 25,404,635 4,436,960 5,955,731 - 46,819,154 35,797,326 37,231,802 29,841,595 5,955,731 570,433,037 304,086,736 472,781 501,321,015 260,719,306 669,065 505,949,199 262,009,877 434,706 494,962,758 257,415,108 669,065 6,358,257 3,304,198 - 874,992,554 762,709,386 768,393,782 753,046,931 9,662,455 Criminal Justice 2,651,278 381,482 2,985,235 376,701 3,032,760 3,361,936 Municipal Court Public Defender Total Criminal Justice Public Safety 42,555,783 21,000,794 44,854 44,427,008 22,715,972 29,516 63,601,431 67,172,496 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended May 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 $ 3,889,427 891,245 19,074,488 8,727,537 32,582,697 $ 5,114,490 917,525 23,481,330 8,001,207 37,514,552 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 60,347,257 11,676,247 284,860,223 252,960,307 $ 50,693,574 10,251,572 243,832,547 237,894,372 $ 52,064,995 10,336,103 248,123,170 227,548,681 $ 50,584,611 10,251,572 197,673,635 190,401,911 $ 108,963 46,158,912 47,492,461 609,844,034 542,672,065 538,072,949 448,911,729 93,760,336 Community Development 2,896,466 6,321,854 1,658,766 1,949,379 3,173,161 6,312,915 1,796,462 2,962,101 Planning and Development Housing Economic Development Neighborhood Services Department 46,260,869 88,592,415 35,505,370 58,500,414 35,340,601 72,453,410 33,751,600 29,688,923 34,969,204 69,641,895 31,901,005 41,836,056 35,340,601 72,385,127 20,050,525 29,688,923 68,283 13,701,075 - 12,826,465 14,244,639 Total Community Development 228,859,068 171,234,534 178,348,160 157,465,176 13,769,358 102,825,230 35,748,673 8,354,628 60,752,841 11,048,412 60,440,955 4,007,435 1,542,517 83,000,188 29,843,699 5,719,140 49,840,578 10,129,298 50,633,120 3,363,038 1,347,523 86,880,909 31,184,026 8,631,889 53,918,491 10,015,624 53,456,203 3,054,239 1,253,602 81,241,147 29,843,699 5,719,140 32,798,116 50,364,118 3,363,038 1,347,523 1,759,041 17,042,462 10,129,298 269,002 - 284,720,691 233,876,584 248,394,983 204,676,781 29,199,803 Community Enrichment 7,412,893 2,032,850 422,702 938,289 920,388 5,539,625 386,873 57,327 8,004,464 2,731,448 869,705 4,751,041 910,103 4,708,310 317,279 60,332 17,710,947 22,352,682 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 May 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 $ 23,908,952 8,626,096 6,917,611 3,110,852 123,955 $ 42,687,466 22,636,146 12,700,538 8,931,592 1,761,282 132,041 46,161,599 Water System Wastewater Solid Waste Management Public Works Environmental Programs $ Total Environmental Services 371,308,322 75,410,036 142,109,300 21,384,796 1,330,589 $ 255,067,663 110,432,956 109,808,818 19,727,267 844,435 $ 266,949,888 127,850,653 112,860,670 16,638,777 872,378 $ 158,406,222 59,821,241 97,866,072 13,863,674 844,435 $ 330,801,644 96,661,441 50,611,715 11,942,746 5,863,593 - 611,543,043 495,881,139 525,172,366 165,079,495 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 7,279,133 189,227 473,932 10,412,380 23,958,454 858,418 5,615,091 627,362 11,012,382 1,854,842 6,745,649 7,056,195 1,149,950 9,969,635 45,931 9,047,690 3,375,966 2,611,581 126,792 2,513,501 10,999,140 8,079,717 5,757 7,161,445 794,021 8,351,727 7,724,288 309,406 4,229,641 633,110 4,476,668 576,092 6,602,572 7,136,440 1,075,626 13,284,599 46,017 6,658,829 1,172,516 2,626,446 2,247 859,902 14,195,058 5,023,239 6,245 6,598,269 - 189,227 473,932 10,412,380 23,958,454 858,418 5,615,091 627,362 11,012,382 1,854,842 6,745,649 7,056,195 1,149,950 9,969,635 45,931 9,047,690 3,375,966 2,611,581 126,792 2,513,501 10,999,140 8,079,717 5,757 7,161,445 General Obligation Debt Service 16,854 352,521 942,613 2,178,041 130,056 509,810 56,904 1,000,233 168,622 611,969 640,288 104,352 902,386 4,175 821,194 306,892 237,405 1 228,481 996,616 733,078 512 597,435 72,183 759,247 702,208 28,127 384,513 57,556 406,970 52,372 600,233 648,768 97,784 1,207,691 4,184 605,348 106,593 238,768 9 78,173 1,290,460 456,658 568 599,765 11,540,438 8,398,178 Total Debt Service 74,164,415 123,891,037 92,382,958 - 123,891,037 34,746,242 43,944,229 Capital Improvement 584,472,577 289,181,953 251,588,709 - 289,181,953 $ 226,289,780 $ 252,892,342 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 - 2,755,618,065 $ 2,744,884,780 $ 2,022,464,899 $ 733,153,166 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 1,400,000 12,450,845 2,436,721 11,744,923 1,406,342 37,197,478 609,000 53,470,555 1,789,982 6,430,452 73,898,002 3,250,325 123,636,622 17,957,644 159,820,808 8,080 $ 4,811,947 944,818 5,518,129 402,518 705,790 108,020 8,326,037 16,085 15,419,762 324,715 442,088 20,150,947 532,585 83,333,126 5,925,467 65,192,892 761,935 3,315,687 4,352,785 3,777,074 7,352,376 4,427,576 169,667 16,852,767 2,089,235 10,613,953 654,926 1,050,969 17,659,787 14,109,557 21,544,847 5,327,451 121,183,717 Total Capital Improvement Program $ 517,171,239 $ 212,163,006 $ 235,244,309 Enterprise Aviation Phoenix Convention Center Solid Waste Disposal Wastewater Water System Enterprise Subtotal Total Capital Budget Program $ $ 319,309,235 26,317,367 40,949,997 131,221,683 199,711,550 717,509,832 $ 1,234,681,071 $ $ 217,509,384 22,825,325 18,214,154 30,866,442 86,045,127 375,460,432 $ 587,623,438 $ $ 153,576,935 21,431,110 683,924 47,640,902 86,959,330 310,292,201 $ 545,536,510 2014-15 Year-to-Date Capital Amounts From Operating Funds From Capital Funds Budget Actual Budget $ $ $ 51,574 $ 8,381,140 1,400,000 5,300,845 1,161,446 7,944,250 17,924,618 4,822,476 513,500 3,281,373 43,581,503 3,182,088 95,545,813 75,677,465 8,080 4,809,325 944,818 2,037,252 221,385 17,890 4,675,683 5,768 2,821,288 19,814 125,206 12,995,128 472,539 64,757,935 43,772,480 268,768,091 $ 137,684,591 $ 28,117,700 5,868,367 33,602,053 73,266,111 174,850,255 315,704,486 $ 584,472,577 - 33 - $ $ 15,930,437 4,080,408 17,884,863 29,721,736 83,879,918 151,497,362 $ 289,181,953 $ $ $ 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 2,622 3,480,877 181,133 687,900 108,020 3,650,354 10,317 12,598,474 304,901 316,882 7,155,819 60,046 18,575,191 5,925,467 21,420,412 248,403,148 $ 74,478,415 $ 291,191,535 20,449,000 7,347,944 57,955,572 24,861,295 401,805,346 $ 650,208,494 Unencumbered Budget Actual $ $ 1,117,494 3,734,019 455,182 6,932,716 2,034,203 11,039,133 1,298,322 28,871,441 592,915 38,050,793 1,465,267 5,988,364 53,747,055 2,717,740 40,303,496 12,032,177 94,627,916 $ 305,008,233 $ 201,578,947 18,744,917 329,291 1,144,706 2,165,209 223,963,070 $ $ 101,799,851 3,492,042 22,735,843 100,355,241 113,666,423 342,049,400 $ 298,441,485 $ 647,057,633 Bonds Authorized and Sold As of May 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 Dec 31,456 31,745 32,504 32,474 35,062 33,956 Jan 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 Apr 34,169 34,955 34,911 35,988 37,203 37,094 May May 33,040 32,521 34,699 33,165 33,049 35,346 June YTD thru May 359,918 367,773 372,533 383,228 386,633 392,982 June 32,462 39,115 38,243 34,898 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 Apr 10,448 9,744 11,037 11,285 12,265 12,214 June May 10,048 9,743 9,902 10,863 11,697 11,652 YTD thru May 102,637 102,745 108,131 115,655 120,905 123,301 June 9,150 11,272 10,599 11,350 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 Apr 3,854 3,482 3,676 3,826 4,408 4,137 June May 4,091 3,796 4,088 4,643 5,108 4,633 YTD thru May 44,448 41,965 43,535 46,911 50,266 49,311 June 3,851 4,435 4,834 4,778 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 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 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 Apr 158,657 161,330 160,782 162,046 169,860 171,367 May May 197,945 177,804 182,000 204,907 192,623 203,416 June YTD thru May 1,651,478 1,612,884 1,654,558 1,721,313 1,719,854 1,771,939 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 Apr 30,528 33,111 34,980 31,467 32,304 31,072 June May 27,087 30,194 31,020 29,350 29,251 28,102 YTD thru May 300,539 309,206 319,235 302,761 310,516 294,209 June 32,096 30,075 28,463 27,200 28,145 Water System Revenues (Dollars in Thousands) Water System Operating Revenues 80,000 75,000 10-11 Actuals 70,000 11-12 Actuals 65,000 12-13 Actuals 60,000 13-14 Actuals 55,000 14-15 Actuals 50,000 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 Apr 28,414 27,648 30,809 29,578 31,472 31,141 June May 29,903 32,635 34,663 36,292 32,249 35,938 YTD thru May 316,233 346,438 387,646 356,236 339,386 370,508 June 38,411 42,378 37,680 42,563 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 Apr 19,435 18,938 17,865 18,386 18,112 17,828 June May 18,776 19,734 17,982 18,299 17,762 18,095 YTD thru May 223,852 222,129 203,031 197,471 198,295 201,137 June 3,789 10,717 14,638 16,909 13,653