June 2015 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report June 2015 Table of Contents Expenditures by Programs Page Performance Status General Fund Expenditures General Fund Total Expenditures 1 General Government 1 Better than Expected Better than Expected Criminal Justice 2 Better than Expected Public Safety 2 Better than Expected Transportation 3 Better than Expected Community Development 3 Better than Expected Community Enrichment 4 Better than Expected Environmental Services 4 Better than Expected Citywide Expenditures 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 Transportation 7 Better than Expected Community Development 7 Better than Expected Community Enrichment 8 Better than Expected Environmental Services 8 Better than Expected General Obligation Debt Service 9 Better than Expected Capital Expenditures CIP-General Government 10 CIP-Aviation 10 CIP-Phoenix Convention Center 11 CIP-Solid Waste Disposal 11 CIP-Wastewater 12 CIP-Water System 12 Revenues by Source General Fund Total Operating Revenue Page 13 Performance Status Monitor & Consider Corrective Action Property Tax 14 Expected Local Sales Tax 15 Corrective Action Taken State Sales Tax 16 Monitor & Consider Corrective Action Vehicle License Tax 17 Better than Expected Governmental Funds 18 Monitor & Consider Corrective Action Aviation 19 Better than Expected Water System 20 Monitor & Consider Corrective Action Wastewater 21 Expected 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. June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 954,795 954,795 100.0% 995,771 995,771 100.0% 1,038,092 1,038,092 100.0% 1,042,102 1,042,102 100.0% 1,051,395 1,103,572 95.3% * - 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 $1,150,000 $1,060,000 $1,040,000 $1,100,000 June YTD June YTD Expenditures Expenditures $1,020,000 $1,050,000 $1,000,000 $1,000,000 $980,000 $950,000 $960,000 $940,000 $900,000 $920,000 $850,000 $900,000 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 June 2015, general fund expenditures are performing better than expected as year to date expenditures are 0.9% higher than through June 2014. Personal Services are the largest expenditure in the general fund. Despite increases in overtime, pension contributions, and sworn public safety salaries, overall personal services are 0.3% lower in FY2014-15 than in FY2013-14 primarily due to a $17.8 million decrease in general city salaries. General fund expenditures have been nearly flat over the past 3 years with FY2014-15 only showing a 1.3% increase over FY2012-13. General Government 10-11 11-12 12-13 13-14 14-15 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 70,650 70,650 100.0% 98,577 98,577 100.0% 102,211 102,211 100.0% 100,400 100,400 100.0% 96,385 109,033 88.4% * - 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 June YTD Expenditures June YTD Expenditures Annual Expenditures * $40,000 $40,000 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 for fiscal year 2014-15 with a 4.0% decrease from fiscal year 2013-14. Personal services costs for fiscal year 2014-15 are 5.4% lower than the prior year. The fiscal year 2014-15 budget includes an 8.6% increase over fiscal year 2013-14 actuals. Fiscal year 2014-15 general fund general government expenditures were the lowest annual total since fiscal year 2010-11. -1- June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 33,324 33,324 100.0% 33,542 33,542 100.0% 33,453 33,453 100.0% 32,659 32,659 100.0% 31,018 34,031 91.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice Public Safety $40,000 $33,800 $33,600 $35,000 $33,400 $30,000 $33,200 $25,000 $33,000 $20,000 $32,800 $15,000 $32,600 $32,400 $10,000 $32,200 $5,000 June YTD Expenditures June 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 for fiscal year 2014-15 with a 5.0% decrease from the prior year. Personal services costs for fiscal year 2014-15 are 6.4% lower than fiscal year 2013-14. The fiscal year 2014-15 budget includes a 4.2% increase over fiscal year 2013-14 actuals. General fund criminal justice expenditures for fiscal year 2014-15 were lower than the previous four years. Public Safety 10-11 11-12 12-13 13-14 14-15 Transportation Public Safety June YTD Annual % of Annual Expenditures Expenditures * Expenditures 639,691 639,691 100.0% 647,049 647,049 100.0% 684,609 684,609 100.0% 699,796 699,796 100.0% 716,304 726,963 98.5% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $740,000 $710,000 $720,000 $700,000 $700,000 $690,000 $680,000 $680,000 $670,000 $660,000 $660,000 $640,000 $650,000 $620,000 $640,000 $600,000 $630,000 $580,000 $620,000 $610,000 10-11 11-12 12-13 13-14 $600,000 10-11 11-12 12-13 June YTD Expenditures June 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 for fiscal year 2014-15 are better than expected with a 2.4% increase over the prior year. Personal services costs through May 2015 are 2.7% 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- June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 38,711 38,711 100.0% 39,161 39,161 100.0% 38,161 38,161 100.0% 29,713 29,713 100.0% 34,187 39,756 86.0% * - 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 June YTD Expenditures June 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 for fiscal year 2014-15 with a 15.1% increase over the prior year. Personal services costs for fiscal year 2014-15 are 3.6% lower than fiscal year 2013-14. Even with the restoration of the General Fund support for Public Transit, Transportation expenditures 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 19,458 19,458 100.0% 19,393 19,393 100.0% 19,927 19,927 100.0% 20,210 20,210 100.0% 18,986 22,241 85.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $23,000 $25,000 $22,000 $20,000 $21,000 $15,000 $20,000 $10,000 $19,000 $5,000 $18,000 $0 $17,000 June JuneYTD YTD Expenditures Expenditures Annual Expenditures * Annual Expenditures * 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 for fiscal year 2014-15 with a 6.1% decrease from the prior year, including an 8.7% decrease in personal services costs. The fiscal year 2014-15 budget includes a 10.0% increase over fiscal year 2013-14 actuals. Fiscal year 2014-15 general fund community development expenditures were lower than the previous four years. -3- June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 137,793 137,793 100.0% 140,026 140,026 100.0% 141,209 141,209 100.0% 143,665 143,665 100.0% 138,024 149,881 92.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Environmental Services Community Enrichment $160,000 $145,000 $144,000 $140,000 $143,000 $120,000 $142,000 $100,000 $141,000 $140,000 $80,000 $139,000 $60,000 $138,000 $40,000 $137,000 $20,000 $136,000 $135,000 $0 $134,000 10-11 11-12 12-13 13-14 10-11 11-12 12-13 JuneYTD YTD June 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 for fiscal year 2014-15 with a 3.9% decrease from the prior year, including a 4.3% decrease in personal services costs. The fiscal year 2014-15 budget includes a 4.3% increase over fiscal year 2013-14 actuals. Fiscal year 2014-15 general fund community enrichment expenditures are lower than any year since fiscal year 2010-11. Environmental Total GeneralServices Fund Environmental Services 10-11 11-12 12-13 13-14 14-15 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 14,046 14,046 100.0% 15,723 15,723 100.0% 15,353 15,353 100.0% 13,748 13,748 100.0% 15,082 18,508 81.5% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $20,000 $16,000 $18,000 $15,500 $16,000 $15,000 $14,000 $12,000 $14,500 $10,000 $14,000 $8,000 $6,000 $13,500 $4,000 $13,000 $2,000 $12,500 $0 June 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 for fiscal year 2014-15 are 9.7% higher than 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. June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 3,026,005 3,026,005 100.0% 2,985,410 2,985,410 100.0% 3,123,865 3,123,865 100.0% 3,054,098 3,054,098 100.0% 3,051,875 3,512,673 86.9% * - 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 $3,600,000 $3,150,000 $3,500,000 $3,400,000 $3,100,000 $3,300,000 $3,050,000 $3,200,000 $3,100,000 $3,000,000 $3,000,000 $2,900,000 $2,950,000 $2,800,000 $2,700,000 $2,900,000 Better than Expected June YTD June 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 for fiscal year 2014-15 are better than expected with a decrease of 0.1% from the prior year. For fiscal year 2014-15, citywide pension costs are $2.6 million higher and overtime costs are $8.7 million higher than the prior year. However, year over year reductions in salaries and fringe benefits of $39.0 million result in a net year to date decrease in citywide personal services costs of over $32 million or 2.2%. General Government 10-11 11-12 12-13 13-14 14-15 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 78,047 78,047 100.0% 109,658 109,658 100.0% 114,015 114,015 100.0% 114,235 114,235 100.0% 108,690 123,888 87.7% * - 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 June YTD Expenditures June 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 decrease of 4.9% for fiscal year 2014-15 from the prior year. The budget anticipates an increase of 8.5% for fiscal year 2014-15 over prior year actuals. -5- June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 36,958 36,958 100.0% 36,305 36,305 100.0% 41,290 41,290 100.0% 40,697 40,697 100.0% 39,265 46,819 83.9% * - 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 June YTD Expenditures June YTD Expenditures Annual Expenditures * Annual 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 decrease for fiscal year 2014-15 of 3.5% from the prior year. 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 792,002 792,002 100.0% 803,367 803,367 100.0% 842,387 842,387 100.0% 842,270 842,270 100.0% 841,817 874,992 96.2% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $1,000,000 $850,000 $840,000 $830,000 $820,000 $800,000 $810,000 $800,000 $790,000 $780,000 $600,000 $770,000 10-11 11-12 12-13 13-14 $760,000 10-11 11-12 12-13 June YTD Expenditures June 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 better than expected for fiscal year 201415 with expenditures 0.1% lower than the prior year. The budgeted increase for fiscal year 2014-15 over prior year actuals is 3.9%. -6- June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 567,830 567,830 100.0% 584,429 584,429 100.0% 582,381 582,381 100.0% 573,025 573,025 100.0% 582,486 609,844 95.5% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $590,000 $620,000 $610,000 $585,000 $600,000 $580,000 $590,000 $575,000 $580,000 $570,000 $570,000 $565,000 $560,000 $560,000 $550,000 $555,000 $540,000 June YTD Expenditures June 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 an increase 1.7% for fiscal year 2014-15 over the prior year. 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 176,114 176,114 100.0% 192,133 192,133 100.0% 209,403 209,403 100.0% 194,542 194,542 100.0% 188,669 230,289 81.9% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 JuneYTD YTD June 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 decrease for fiscal year 2014-15 of 3.0% from the prior year. The 2014-15 budget included an increase of 18.4% over 2013-14 actuals. -7- June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 274,824 274,824 100.0% 272,353 272,353 100.0% 273,110 273,110 100.0% 272,326 272,326 100.0% 259,944 288,781 90.0% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $350,000 $275,500 $275,000 $300,000 $274,500 $250,000 $274,000 $200,000 $273,500 $150,000 $273,000 $100,000 $272,500 $272,000 $50,000 $271,500 $0 $271,000 Better than Expected JuneYTD YTD June Expenditures Expenditures 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 decrease for fiscal year 2014-15 of 4.5% from the prior year. The budgeted increase for fiscal year 2014-15 over prior year actuals is 6.0%. Environmental Services 10-11 11-12 12-13 13-14 14-15 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 572,693 572,693 100.0% 549,628 549,628 100.0% 564,051 564,051 100.0% 577,118 577,118 100.0% 545,198 611,543 89.2% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected General Obligation Services Debt Service Environmental $700,000 $620,000 $600,000 $600,000 $500,000 $580,000 $400,000 $560,000 $300,000 JuneYTD YTD June Expenditures Expenditures Annual Expenditures * Annual Expenditures * $200,000 $540,000 $100,000 $520,000 $0 $500,000 10-11 10-11 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 decrease for fiscal year 2014-15 of 5.5% from the prior year. 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- June 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 June YTD Annual % of Annual Expenditures Expenditures * Expenditures 196,779 196,779 100.0% 157,298 157,298 100.0% 137,208 137,208 100.0% 100,524 100,524 100.0% 134,594 148,544 90.6% * - 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 JuneYTD YTD June 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. Fiscal year 2014-15 expenditures are 33.9% higher than the prior year. -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 $ 518,071 $ 244,107 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 Major projects in fiscal year 2014-15 include bus purchases ($43 million), major street projects ($40 million including Avenida Rio Salado - $15 million and Broadway Rd Corridor - $10 million), local and collector street improvements ($37 million), transit south facility upgrades ($21 million), parks and recreation facility improvements ($18 million), and regional wireless cooperative ($18 million). 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 $ 259,616 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 In fiscal year 2014-15 major projects included $122 million for Terminal Development Concept Design and Construction, $14 million for terminal four improvements, and $13 million for airfield reconstruction and rehabilitation. Aviation capital expenditures also include $87 million in debt service. 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 $ 26,417 14-15 (YTD) $ 24,633 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 years 2012-13, 2013-14 and 2014-15 that payment was $20 million. 14-15 (YTD) 14-15 (Budget) 13-14 12-13 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) $ 22,832 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 In fiscal year 2014-15 Solid Waste spent $16 million for the 27th avenue composting facility and $6 million for the SR85 landfill. - 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) $ 39,880 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 spent $19 million on mains and lines, most of which is for rehabilitation or replacement. Wastewater also spent $9 million for projects related to the 91st Avenue Wastewater Treatment Plant and SROG. 12-13 11-12 10-11 $0 10-11 Water System $ 246,177 11-12 $ 95,990 $50,000 $100,000 12-13 13-14 14-15 (Budget) 14-15 (YTD) $ 110,333 $ 129,080 $ 192,212 $ 117,196 $150,000 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 Major projects in fiscal year 2014-15 include $9 million for rehabilitation at the 24th Street water treatment plant and $24 million for improvements to the solids handling facility at the Union Hills water treatment plant. The water system also spent nearly $34 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 $1,080,000 $1,060,000 $1,040,000 $1,020,000 $1,000,000 $980,000 $960,000 $940,000 $920,000 $900,000 $880,000 June YTD Actuals Annual Revenues* 10-11 10-11 11-12 12-13 13-14 14-15 June YTD Actuals 962,689 948,384 980,945 1,026,167 1,048,053 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 100.0% 100.0% 100.0% 100.0% 98.8% * - 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 revenues for fiscal year 2014-15 are 2.1% higher than 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 94,436 150,000 62,012 35,204 49,567 50,404 Primary 100,000 50,000 130,913 128,054 132,101 143,931 138,243 137,956 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 279,932 222,488 194,112 179,136 187,811 188,360 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 21,004 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 0.3% lower than budget expectations for fiscal year 2014-15. This corresponds to a 4.8% increase over fiscal year 2013-14. Total property tax revenues have been decreasing each year since fiscal year 2009-10 with fiscal year 2014-15 the first year where the revenues saw 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 for fiscal year 2014-15 are 2.7% below budget. 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 June 2015 local sales tax revenues fell short of June 2014 revenues by 5.4%. This is the second month in a row with a year over year decline. Fiscal year 2014-15 local sales tax revenues exceeded prior year revenues by 0.4%. 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 for fiscal year 2014-15 are 2.4% below the budget. June became the tenth month of the fiscal year that saw actual state sales tax revenues fall below 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. Fiscal year 2014-15 state shared sales tax revenues were 4.1% higher than fiscal year 2013-14. 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 for fiscal year 2014-15 are 1.8% higher than budget. 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 for fiscal year 2014-15 were 7.0% higher than fiscal year 2013-14. 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 for fiscal year 2014-15 are 5.9% lower than budget. 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 fiscal year 2014-15 governmental revenues have decreased 0.6% 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 for fiscal year 2014-15 were better than expected at 5.4% higher than budget. 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. Fiscal year 2014-15 aviation operating revenues are 3.0% higher than fiscal year 2013-14. 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 10.5% below budget projections for fiscal year 2014-15 reflecting the record setting rainfall received in the 2014 monsoon. Unusually cool and wet weather in April, May and early June 2015 continued to impact revenues as June revenues were 27.9% below budget and 24.0% below June 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, fiscal year 2014-15 revenues are 6.8% below revenues for fiscal year 2013-14. 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 Expected Wastewater revenues for fiscal year 2014-15 are 0.8% higher than budget and 1.0% higher than fiscal year 2013-14. 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 June 30 (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 2,541 419,651 $ 2,477 418,126 2,483 135,474 175,174 54,300 137,956 2,833 9,495 132,218 175,184 55,293 138,243 2,782 9,574 127,005 161,580 51,689 143,931 2,774 9,720 17,722 1,015 13,487 1,025 7,361 1,431 3,928 15,675 897 14,694 947 7,990 1,312 4,678 17,540 1,013 14,703 1,080 8,127 1,251 4,437 32,500 13,596 1,800 17,331 34,502 13,641 2,680 15,615 30,788 12,884 1,987 15,049 1,060,289 $ $ 1,048,053 $ 1,026,167 General Fund Expenditures As of June 30 (dollars in thousands) Actual Year-to-Date 2014-15 2013-14 Budget Estimate 2014-15 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 Criminal Justice Municipal Court Public Defender Total Criminal Justice $ 1,459 $ 3,221 2,299 32,983 1,922 2,237 17,163 2,036 3,021 8,771 2,742 16,611 1,920 96,385 1,628 3,345 2,170 31,725 2,185 2,197 18,745 2,294 4,338 9,188 2,996 17,712 1,877 100,400 29,049 4,982 34,031 26,184 4,834 31,018 27,871 4,788 32,659 471,386 255,563 14 726,963 462,906 253,202 196 716,304 454,377 245,405 14 699,796 Transportation Street Transportation Public Transit Total Transportation 21,554 18,202 39,756 16,433 17,754 34,187 18,033 11,680 29,713 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,796 12,481 4,910 54 22,241 4,158 10,831 3,948 49 18,986 4,478 11,499 4,185 48 20,210 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 92,913 35,201 18,895 2,872 149,881 84,636 33,911 16,818 2,659 138,024 90,607 33,326 17,195 2,537 143,665 Environmental Services Public Works Environmental Programs Total Environmental Services 17,663 845 18,508 14,404 678 15,082 13,042 706 13,748 3,159 1,409 1,911 45,268 - - Public Safety Police Fire Others Total Public Safety Capital Improvement Contingencies Total Expenditures and Encumbrances $ 1,148,840 - 23 - $ 1,051,395 $ 1,042,102 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 June 30 (dollars in thousands) Source General Funds Local Taxes: Sales Taxes Privilege License Fees State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax Primary Property Tax Licenses and Permits Cable Communications Municipal Court Police Library Fees Parks and Recreation Planning & Development Street Transportation Fire Interest Other Fees and Service Charges $ Total General Funds 431,320 2,541 $ 418,126 2,483 127,005 161,580 51,689 143,931 2,774 9,720 18,553 14,703 1,080 8,127 1,251 4,437 43,672 1,987 15,049 1,060,289 1,048,053 1,026,167 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 30,150 84,727 30,253 6,216 164,967 7,774 42,634 14,350 17,351 112,307 31,477 5,047 36,389 201,549 54,283 29,340 83,042 29,393 8,927 179,686 12,849 40,550 15,159 16,269 102,463 40,931 5,219 32,163 236,421 39,887 944,825 839,474 872,299 322,353 63,497 415,361 214,792 150,150 339,788 68,567 371,715 216,548 148,382 329,961 61,029 398,799 214,380 146,448 1,166,153 1,145,000 1,150,617 3,032,527 $ 3,049,083 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 419,651 2,477 132,218 175,184 55,293 138,243 2,782 9,574 16,572 14,694 947 7,990 1,312 4,678 48,143 2,680 15,615 Total Special Revenue and Debt Service Funds Total Enterprise Funds $ 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 Operating Revenues Actual Year-to-Date 2014-15 2013-14 Budget Estimate 2014-15 3,171,267 - 24 - $ Citywide Operating Expenditures As of June 30 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2014-15 2013-14 Budget 2014-15 $ Criminal Justice General Funds Other Funds Total Criminal Justice 109,033 14,855 123,888 $ 96,385 $ 12,305 108,690 100,400 13,835 114,235 34,031 12,788 46,819 31,018 8,247 39,265 32,659 8,038 40,697 Public Safety General Funds Other Funds Total Public Safety 726,963 148,029 874,992 716,304 125,513 841,817 699,796 142,474 842,270 Transportation General Funds Other Funds Total Transportation 39,756 570,088 609,844 34,187 548,299 582,486 29,713 543,312 573,025 Community Development General Funds Other Funds Total Community Development 22,241 208,048 230,289 18,986 169,683 188,669 20,210 174,332 194,542 Community Enrichment General Funds Other Funds Total Community Enrichment 149,881 138,900 288,781 138,024 121,920 259,944 143,665 128,661 272,326 Environmental Services General Funds Other Funds Total Environmental Services 18,508 593,035 611,543 15,082 530,116 545,198 13,748 563,370 577,118 74,164 74,164 134,594 134,594 100,524 100,524 3,159 574,814 577,973 1,409 349,803 351,212 1,911 337,450 339,361 Debt Service General Funds Other Funds Total Debt Service Capital Improvement General Funds Other Funds Total Capital Improvement Contingencies General Funds Other Funds Total Contingencies Total Operating General Funds Other Funds Total Operating Budget 45,268 48,500 93,768 $ 1,148,840 2,383,221 3,532,061 - $ - 25 - 1,051,395 2,000,480 3,051,875 $ - 1,042,102 2,011,996 3,054,098 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 June 30 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2013-14 2014-15 General Funds $ 33,017,428 83,766 $ 34,897,740 83,478 Local Taxes: Sales Taxes Privilege License Fees $ 431,320,000 2,541,000 $ 419,650,703 2,476,504 $ 418,126,185 2,483,184 33,101,194 34,981,218 Total Local Taxes 433,861,000 422,127,207 420,609,369 11,313,590 14,598,649 5,027,040 11,349,914 13,449,465 4,777,914 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 135,474,000 175,174,000 54,300,000 132,218,202 175,183,794 55,293,380 127,005,277 161,579,859 51,689,052 30,939,279 29,577,293 364,948,000 362,695,376 340,274,188 15,533,984 16,302,502 Primary Property Tax 137,956,000 138,243,382 143,930,555 262,539 286,638 Licenses and Permits 2,833,000 2,782,215 2,774,513 2,436,874 2,430,411 Cable Communications 9,495,000 9,573,759 9,719,744 1,193,616 76,732 1,322,516 74,385 Municipal Court: Fines and Forfeitures Court Default Fee 17,721,789 1,015,000 15,675,239 896,799 17,540,364 1,012,526 1,270,348 1,396,901 18,736,789 16,572,038 18,552,890 677,433 2,726,541 13,487,000 14,694,184 14,703,265 88,288 115,749 Library Fees 1,025,000 947,202 1,079,884 1,352,426 1,586,654 Parks and Recreation 7,361,300 7,990,173 8,127,233 149,484 132,704 Planning and Development 1,431,400 1,312,183 1,250,742 (198,111) 561,708 Street Transportation 3,928,108 4,677,634 4,436,711 32,500,000 1,400,000 12,195,773 34,501,731 1,312,200 12,329,181 30,787,469 1,239,497 11,644,722 46,095,773 48,143,112 43,671,688 1,800,000 2,679,600 1,986,746 17,330,894 15,614,806 15,049,179 1,060,289,264 1,048,052,871 1,026,166,707 3,427,028 136,775 1,127,132 2,157,180 138,475 646,112 4,690,935 2,941,767 236,363 221,987 2,186,561 2,266,160 92,727,597 95,528,233 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 June 30 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2014-15 2013-14 Special Revenue and Debt Service Funds $ 1,529,906 109,279 546,395 14,196 $ 1,741,135 124,082 621,405 4,113 2,199,776 2,490,735 4,618,823 1,561,650 1,706 5,263,189 1,781,625 (10,064) 6,182,179 7,034,750 2,215,087 2,504,691 134,232 1,811 125,642 159 19,440 390,212 38,568 161,979 (2,784) 12,735 281,284 600,710 9,470,651 (303,488) 8,270,052 3,014,300 9,167,163 11,284,352 (1,492,936) 681,596 (649,800) 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 21,791,000 1,556,000 7,783,000 5,000 $ 20,916,893 1,494,064 7,470,319 268,660 $ 20,407,668 1,457,405 7,288,024 186,458 31,135,000 30,149,936 29,339,555 66,032,000 22,381,000 (67,500) 63,350,109 21,477,713 (101,265) 62,052,819 21,104,413 (115,515) 88,345,500 84,726,557 83,041,717 31,337,000 30,252,836 29,393,320 5,722,702 311,350 2,352,140 (70,000) 399,500 3,729,558 67,527 2,242,332 (30,019) 206,466 5,831,227 296,166 2,334,247 (57,186) 522,795 8,715,692 6,215,864 8,927,249 115,177,000 52,021,458 110,347,489 54,619,629 111,067,552 68,618,363 167,198,458 164,967,118 179,685,915 4,385,818 7,774,164 12,849,175 Planning and Development 42,783,000 42,633,676 40,550,427 Total Golf Courses Transit 2000: Sales Taxes Interest/Other Total Transit 2000 Court Awards 1,053,236 1,112,899 Capital Construction 15,470,000 14,349,949 15,159,012 1,281,189 38,544 1,326,199 24,078 Sports Facilities: Sales Taxes Interest/Other 16,451,000 250,000 17,062,068 288,995 15,987,560 281,415 1,319,733 1,350,277 16,701,000 17,351,063 16,268,975 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended June 30 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2014-15 2013-14 Special Revenue and Debt Service Funds (Cont'd) 11,063,764 44,888 300 9,778,053 26,328 11,068 11,108,952 9,815,449 3,388,345 1,906,854 (20,598) 519,319 3,338,428 $ 669,211 8,783,798 647,380 $ Highway User Revenue: Highway User Revenue Interest Other Total Highway User Revenue Regional Transit Revenues Community Reinvestment 2,680,358 Other Restricted Fees 641,354 5,368,322 828,814 Grants: Public Housing: Rentals Grants Other 10,100,389 6,838,490 10,153,436 6,087,067 (3,072,903) 5,108,617 8,658,722 9,909,462 (993,992) 9,585,437 $ Total Public Housing Other: Human Resources Federal Transit Administration Community Development Other 106,383,000 200,000 200,000 111,747,917 384,017 174,795 102,008,948 245,366 208,321 106,783,000 112,306,729 102,462,635 46,596,781 31,477,207 40,930,689 2,608,664 5,047,212 5,219,133 44,684,752 36,389,481 32,163,173 7,109,137 74,501,952 4,714,782 $ 7,024,302 70,421,345 3,709,776 $ 6,681,599 69,990,033 4,309,750 86,325,871 81,155,423 80,981,382 40,078,832 72,253,928 31,945,433 52,142,725 37,482,283 23,989,749 14,330,403 44,590,889 38,884,092 39,393,155 16,905,390 60,257,120 18,276,217 27,159,629 Total Other 196,420,918 120,393,324 155,439,757 28,376,606 33,998,119 Total Grants 282,746,789 201,548,747 236,421,139 5,469,575 2,358,307 3,947,544 2,347,321 50,404,017 4,928,832 49,566,582 4,716,600 35,204,116 4,683,373 7,827,882 6,294,865 74,945,137 81,625,174 G.O. Bond/Secondary Property Tax Secondary Property Tax Interest Total G.O. Bond/Secondary Property Tax Total Special Revenue and Debt Service Funds 55,332,849 54,283,182 39,887,489 944,824,303 839,473,721 872,299,603 131,840,000 182,337,300 800,000 2,498,000 1,895,125 2,982,075 - 103,862,511 226,005,214 670,686 3,019,437 2,272,499 2,730,867 1,226,481 103,149,009 215,320,239 902,751 4,514,768 2,116,377 3,017,030 940,508 322,352,500 339,787,695 329,960,682 Enterprise Funds AVIATION: 8,727,190 18,035,101 (10,965) 1,037,995 191,872 247,657 1,043,142 8,292,765 16,757,374 50,966 576,050 178,390 308,058 1,036,243 29,271,992 27,199,846 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 June 30 2015 2014 Budget Estimate 2014-15 Source Actual Year-to-Date 2014-15 2013-14 Enterprise Funds (Cont'd) CONVENTION CENTER: 3,757,882 3,266,878 28,597 4,174,905 2,073,557 22,120 7,053,357 6,270,582 Excise Taxes Operating Revenue Interest Total Convention Center 47,993,000 15,328,192 175,863 46,402,088 21,871,994 293,220 44,311,409 16,485,988 232,072 63,497,055 68,567,302 61,029,469 WATER SYSTEM: $ 30,977,677 $ 476,997 (920,974) 705,790 197,700 314,814 577,173 42,443,362 463,176 (346,777) 705,335 262,170 264,905 (1,229,397) 32,329,177 42,562,774 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 $ 347,946,187 5,446,963 3,499,889 6,689,479 2,415,540 2,773,769 2,943,201 $ 376,304,565 5,725,818 3,399,779 5,999,176 2,478,090 2,289,025 2,602,365 415,361,000 371,715,028 398,798,818 182,029,000 16,199,000 2,400,000 1,348,000 12,816,000 182,091,045 18,656,983 2,255,820 1,594,109 11,949,740 181,147,765 18,779,557 2,370,780 1,354,852 10,727,137 214,792,000 216,547,697 214,380,091 128,235,000 9,720,000 270,000 11,925,446 128,213,354 8,250,464 564,037 11,354,785 127,089,235 7,705,427 392,624 11,260,798 150,150,446 148,382,640 146,448,084 1,166,153,001 1,145,000,362 1,150,617,144 WASTEWATER: 15,464,438 1,468,971 191,040 192,219 936,501 15,318,593 1,609,558 261,060 158,389 (438,401) 18,253,169 16,909,199 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,777,083 1,069,463 55,948 (221,008) 10,673,441 1,257,758 38,916 (344,054) 11,681,486 11,626,061 98,589,181 104,568,462 266,261,915 $ 281,721,869 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ - 29 - 3,171,266,568 $ 3,032,526,954 $ 3,049,083,454 Citywide Operating Expenditures by Program For the Month Ended June 30 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 $ 117,365 $ 313,619 (903,665) 3,670,622 76,757 170,176 243,018 1,490,515 134,459 219,541 193,553 901,635 (1,558,718) 14,526 (29,374) 2,162,195 1,099,392 8,315,616 109,669 299,206 270,015 3,840,751 48,124 172,601 206,639 1,324,925 118,321 525,641 917 580,047 11,605 (18,805) (7,884) 1,567,938 (113,294) 8,936,416 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 21,208,759 5,718,242 $ 1,459,737 3,221,092 2,461,540 35,321,631 919,385 2,251,531 2,655,626 18,058,278 2,035,906 3,021,378 967,071 10,237,652 57,523 2,742,430 19,214,014 4,064,863 $ 1,627,593 3,344,608 2,481,499 34,037,130 1,094,076 2,525,443 2,586,007 19,831,701 2,293,787 4,337,881 735,005 10,405,764 58,497 2,995,749 21,452,657 4,428,090 $ 1,459,737 3,221,092 2,461,540 33,737,413 919,385 2,251,531 2,655,626 18,058,278 2,035,906 3,021,378 967,071 9,088,624 57,523 2,742,430 19,053,081 4,064,863 $ 1,584,218 1,149,028 160,933 - 123,887,786 108,689,657 114,235,487 105,795,478 2,894,179 41,837,569 4,981,585 34,430,872 4,833,742 35,909,063 4,787,627 27,933,826 4,833,742 6,497,046 - 46,819,154 39,264,614 40,696,690 32,767,568 6,497,046 570,433,037 304,086,736 472,781 549,531,239 291,569,439 716,395 555,423,376 286,383,000 463,285 542,680,561 287,965,007 716,395 6,850,678 3,604,432 - 874,992,554 841,817,073 842,269,661 831,361,963 10,455,110 Criminal Justice 3,070,506 396,782 2,849,581 615,307 3,467,288 3,464,888 Municipal Court Public Defender Total Criminal Justice Public Safety 48,210,224 30,850,133 47,330 49,474,177 24,373,123 28,579 79,107,687 73,875,879 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended June 30 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 $ 5,086,328 938,731 32,107,235 1,681,906 39,814,200 $ 4,838,758 1,008,222 27,465,965 1,638,792 34,951,737 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 60,347,257 11,676,247 284,860,223 252,960,307 $ 55,779,902 11,190,303 275,939,782 239,576,278 $ 56,903,753 11,344,325 275,589,135 229,187,473 $ 55,661,034 11,190,303 225,586,179 192,056,581 $ 118,868 50,353,603 47,519,697 609,844,034 582,486,265 573,024,686 484,494,097 97,992,168 Community Development 4,103,140 6,550,203 3,788,261 2,993,365 2,979,624 6,270,544 4,264,207 2,679,836 Planning and Development Housing Economic Development Neighborhood Services Department 46,260,869 88,592,415 36,935,370 58,500,414 39,443,741 79,003,613 37,539,861 32,682,288 37,948,828 75,912,439 36,165,212 44,515,892 39,443,741 78,968,800 21,915,057 32,682,288 34,813 15,624,804 - 17,434,969 16,194,211 Total Community Development 230,289,068 188,669,503 194,542,371 173,009,886 15,659,617 102,825,230 35,748,673 8,354,628 60,812,841 11,048,412 64,440,955 4,007,435 1,542,517 92,830,523 34,727,576 6,226,144 55,486,551 9,529,302 55,929,686 3,763,291 1,450,711 98,071,110 34,080,198 8,702,720 58,116,229 10,925,727 57,386,563 3,646,468 1,396,773 90,911,569 34,727,576 6,226,144 38,294,675 55,636,230 3,763,291 1,450,711 1,918,954 17,191,876 9,529,302 293,456 - 288,780,691 259,943,784 272,325,788 231,010,196 28,933,588 Community Enrichment 9,830,335 4,883,877 507,004 5,645,973 (599,996) 5,296,566 400,253 103,188 26,067,200 11,190,201 2,896,172 70,831 4,197,738 910,103 3,930,360 592,229 143,171 23,930,805 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 June 30 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 $ 24,370,560 13,373,582 10,237,535 1,169,979 165,169 $ 49,316,825 26,480,752 12,100,633 11,152,505 2,038,926 172,676 51,945,492 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 $ 279,438,223 123,806,538 120,046,353 20,897,246 1,009,604 $ 293,430,640 139,951,286 124,013,175 18,677,703 1,045,054 $ 172,642,055 68,592,330 107,368,963 14,501,024 1,009,604 $ 364,113,976 106,796,168 55,214,208 12,677,390 6,396,222 - 611,543,043 545,197,964 577,117,858 181,083,988 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 7,279,133 206,082 11,354,994 26,136,496 66,473,308 977,904 6,124,900 684,266 12,012,614 2,023,464 7,357,618 7,696,483 1,254,302 10,872,021 50,106 9,868,885 3,682,859 2,848,986 (66,346,508) 2,741,982 11,995,756 8,812,794 6,270 7,758,879 859,462 9,057,901 8,426,496 46,116,673 337,534 4,605,380 688,937 4,871,739 628,464 7,185,748 7,769,451 1,170,898 14,439,809 50,192 7,246,418 1,278,930 2,864,969 (46,114,426) 937,629 15,441,729 5,460,546 6,680 7,192,663 - 206,082 11,354,994 26,136,496 66,473,308 977,904 6,124,900 684,266 12,012,614 2,023,464 7,357,618 7,696,483 1,254,302 10,872,021 50,106 9,868,885 3,682,859 2,848,986 (66,346,508) 2,741,982 11,995,756 8,812,794 6,270 7,758,879 General Obligation Debt Service 16,855 (473,932) 942,614 2,178,042 66,473,308 119,486 509,809 56,904 1,000,232 168,622 611,969 640,288 104,352 902,386 4,175 821,195 306,893 237,405 (66,473,300) 228,481 996,616 733,077 513 597,434 65,441 706,174 702,208 46,116,673 28,128 375,739 55,827 395,071 52,372 583,176 633,011 95,272 1,155,210 4,175 587,589 106,414 238,523 (46,116,673) 77,727 1,246,671 437,307 435 594,394 10,703,424 8,140,864 Total Debt Service 74,164,415 134,594,461 100,523,822 - 134,594,461 62,029,678 87,772,548 Capital Improvement 577,972,577 351,211,631 339,361,257 - 351,211,631 $ 296,256,887 $ 309,212,840 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 - 3,051,874,952 $ 3,054,097,620 $ 2,222,553,164 $ 829,321,788 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 Total Capital Improvement Program Enterprise Aviation Phoenix Convention Center Solid Waste Disposal Wastewater Water System Enterprise Subtotal Total Capital Budget Program Actual Yearto-Date 2013-142014-15 Year-to-Date Capital Amounts Actual YearFrom Operating Funds to-Date Budget Actual $ 1,125,574 $ 9,295,966 1,400,000 12,300,845 2,436,721 11,744,923 1,406,342 37,197,478 609,000 53,770,555 1,789,982 6,430,452 73,898,002 3,250,325 123,636,622 17,957,644 159,820,808 8,751 $ 4,899,621 1,175,251 5,872,788 1,758,376 1,979,869 453,319 11,463,677 16,534 17,001,547 369,870 459,042 21,817,906 623,465 84,175,785 5,925,576 86,105,954 790,302 3,406,052 4,758,859 5,385,536 7,352,376 4,499,720 188,725 17,897,890 2,102,914 10,789,790 660,604 1,465,534 19,372,438 14,394,899 22,411,008 5,330,471 142,305,365 $ 518,071,239 $ 244,107,331 $ 263,112,483 $ $ $ 319,309,235 26,417,367 40,949,997 131,221,683 192,211,550 710,109,832 $ $ 259,616,399 24,632,924 22,831,787 39,880,261 117,195,501 464,156,872 $ 1,228,181,071 $ 708,264,203 $ $ $ $ 180,570,621 23,189,168 8,063,281 58,012,444 129,080,488 398,916,002 $ 662,028,485 51,574 $ 8,981,140 1,400,000 5,300,845 1,161,446 7,944,250 17,924,618 5,122,476 513,500 3,281,373 43,581,503 3,182,088 95,545,813 75,677,465 8,751 4,896,421 1,175,251 2,171,701 967,107 37,661 5,309,444 6,217 4,320,468 58,473 126,767 14,533,506 555,260 65,479,992 56,271,780 269,668,091 $ 155,918,799 $ $ 28,117,700 5,968,367 33,602,053 73,266,111 167,350,255 308,304,486 $ 577,972,577 - 33 - From Capital Funds Budget $ $ $ $ 16,751,665 4,183,924 21,837,982 37,578,164 114,941,097 195,292,832 $ 351,211,631 Actual Unencumbered Budget 1,074,000 $ 314,826 7,000,000 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 3,200 3,701,087 791,269 1,942,208 453,319 6,154,233 10,317 12,681,079 311,397 332,275 7,284,400 68,205 18,695,793 5,925,576 29,834,174 248,403,148 $ 88,188,532 $ $ 291,191,535 20,449,000 7,347,944 57,955,572 24,861,295 401,805,346 $ 650,208,494 $ 1,116,823 4,396,345 224,749 6,428,057 678,345 9,765,054 953,023 25,733,801 592,466 36,769,008 1,420,112 5,971,410 52,080,096 2,626,860 39,460,837 12,032,068 73,714,854 $ 273,963,908 $ $ 242,864,734 20,449,000 993,805 2,302,097 2,254,404 268,864,040 $ 59,692,836 1,784,443 18,118,210 91,341,422 75,016,049 245,952,960 $ 357,052,572 $ 519,916,868 Bonds Authorized and Sold As of June 30 (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 11-12 Actuals 12-13 Actuals 13-14 Actuals 14-15 Actuals 14-15 budget 40,000 35,000 30,000 25,000 20,000 15,000 July FY 10-11 11-12 12-13 13-14 14-15 14-15 budget July 32,543 33,875 34,005 36,360 35,365 36,235 Aug Aug 32,288 34,239 34,276 35,589 36,414 36,132 Sept Oct Sept 33,087 33,371 34,254 35,873 35,290 36,183 Nov Oct 32,143 34,746 33,337 35,068 34,621 35,841 Dec Nov 32,952 31,854 33,430 34,363 33,033 35,127 Jan Dec 31,456 31,745 32,504 32,474 35,062 33,956 Feb Jan 36,278 36,385 36,527 40,116 37,227 39,553 Note: City of Phoenix revenue is budgeted on an annual basis. 2014-15 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2010-11 through 2013-14 actual expenditures. Return to Summary Page - A1 - Mar Feb 30,658 31,532 32,542 32,084 34,432 33,595 Apr Mar 31,302 32,549 32,047 32,147 34,938 33,920 May Apr 34,169 34,955 34,911 35,988 37,203 37,094 June May 33,040 32,521 34,699 33,165 33,049 35,346 June 32,462 39,115 38,243 34,898 33,017 38,338 YTD thru June 392,380 406,888 410,777 418,126 419,651 431,320 State Sales Tax (Dollars in Thousands) State Sales Tax 14,000 10-11 Actuals 11-12 Actuals 12-13 Actuals 13-14 Actuals 13,000 12,000 11,000 10,000 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 Oct Sept 8,684 8,993 9,240 10,012 10,552 10,610 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 May Mar 9,134 9,554 9,887 10,506 10,861 11,228 June Apr 10,448 9,744 11,037 11,285 12,265 12,214 May 10,048 9,743 9,902 10,863 11,697 11,652 June 9,150 11,272 10,599 11,350 11,314 12,173 YTD thru June 111,787 114,017 118,730 127,005 132,218 135,474 Vehicle License Tax (Dollars in Thousands) Vehicle License Tax 5,500 10-11 Actuals 11-12 Actuals 12-13 Actuals 13-14 Actuals 5,000 4,500 4,000 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 Mar 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 - Apr Feb 3,372 3,620 4,141 4,799 4,920 4,442 May Mar 4,820 4,860 4,623 4,559 4,984 5,259 June Apr 3,854 3,482 3,676 3,826 4,408 4,137 May 4,091 3,796 4,088 4,643 5,108 4,633 June 3,851 4,435 4,834 4,778 5,027 4,989 YTD thru June 48,299 46,400 48,370 51,689 55,293 54,300 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 July FY 10-11 11-12 12-13 13-14 14-15 Budget 14-15 July 75,865 86,818 117,069 125,711 127,962 108,641 Aug 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 Nov 220,424 175,857 188,162 188,461 193,744 206,300 Dec Jan Dec 173,283 166,847 167,796 169,767 162,290 180,827 Feb 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 - Mar Feb 134,926 134,133 134,498 132,551 144,296 143,065 Apr Mar 152,513 143,232 142,641 144,892 150,768 155,511 May Apr 158,657 161,330 160,782 162,046 169,860 171,367 June May 197,945 177,804 182,000 204,907 192,623 203,416 June 243,282 214,725 241,207 177,153 167,673 233,175 YTD thru June 1,894,760 1,827,609 1,895,765 1,898,466 1,887,527 2,005,114 Aviation Revenues (Dollars in Thousands) Aviation Operating Revenues 40,000 10-11 Actuals 11-12 Actuals 12-13 Actuals 13-14 Actuals 14-15 Actuals 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 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 Feb Dec 27,977 29,526 28,146 27,171 27,853 26,948 Mar 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 - Apr Feb 28,359 27,028 27,884 26,561 26,683 26,234 May Mar 28,876 28,470 31,100 28,352 30,414 27,898 June Apr 30,528 33,111 34,980 31,467 32,304 31,072 May 27,087 30,194 31,020 29,350 29,251 28,102 June 32,096 30,075 28,463 27,200 29,272 28,144 YTD thru June 332,635 339,280 347,698 329,961 339,788 322,353 Water System Revenues (Dollars in Thousands) Water System Operating Revenues 80,000 10-11 Actuals 11-12 Actuals 12-13 Actuals 13-14 Actuals 14-15 Actuals 75,000 70,000 65,000 60,000 55,000 50,000 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 Feb Dec 21,157 20,946 25,523 22,327 24,573 23,429 Mar 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 - Apr Feb 16,371 18,282 18,711 21,185 19,044 20,305 May Mar 17,629 20,726 21,386 21,993 20,725 21,945 June Apr 28,414 27,648 30,809 29,578 31,472 31,141 May 29,903 32,635 34,663 36,292 32,249 35,937 June 38,411 42,378 37,680 42,563 32,329 44,854 YTD thru June 354,644 388,816 425,326 398,799 371,715 415,361 Wastewater Revenues (Dollars in Thousands) Wastewater Operating Revenues 10-11 Actuals 11-12 Actuals 12-13 Actuals 13-14 Actuals 27,000 22,000 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 Feb Dec 27,453 18,864 17,744 17,763 18,276 17,564 Mar 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 - Apr Feb 23,589 16,038 17,663 18,058 17,960 16,721 May Mar 18,759 18,552 14,263 14,986 17,538 15,442 June Apr 19,435 18,938 17,865 18,386 18,112 17,828 May 18,776 19,734 17,982 18,299 17,762 18,096 June 3,789 10,717 14,638 16,909 18,253 13,654 YTD thru June 227,641 232,845 217,669 214,380 216,548 214,792