July 2015 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report July 2015 Table of Contents Expenditures by Programs Page Performance Status General Fund Expenditures General Fund Total Expenditures 1 Better than Expected Report Navigation General Government 1 Better than Expected Click on either the schedule name or the Criminal Justice 2 Monitor & Consider Corrective Action Public Safety 2 Better than Expected 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 performance status in the table of contents to be taken directly to that page of the report. Citywide Expenditures Citywide Total Operating Expenditures 5 Better than Expected General Government 5 Better than Expected Criminal Justice 6 Monitor & Consider Corrective Action Public Safety 6 Better than Expected Better than Expected - Positive variance of 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 Expected variance greater than 1% actual vs budget. Capital Expenditures CIP-General Government 10 Corrective Action Taken - Negative variance CIP-Aviation 10 greater than 1% actual vs budget, however the CIP-Phoenix Convention Center 11 City has taken action to address the negative CIP-Solid Waste Disposal 11 variance. CIP-Wastewater 12 CIP-Water System 12 Revenues by Source General Fund Total Operating Revenue Page 13 Performance Status Monitor & Consider Corrective Action Property Tax 14 Expected Local Sales Tax 15 Monitor & Consider Corrective Action State Sales Tax 16 Monitor & Consider Corrective Action Vehicle License Tax 17 Monitor & Consider Corrective Action Governmental Funds 18 Better than Expected 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. July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total General Fund Expenditures 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 94,841 995,771 9.5% 99,645 1,038,092 9.6% 109,999 1,042,102 10.6% 111,441 1,051,395 10.6% 111,233 1,110,139 10.0% * - For prior years-total actual expenditures, for current year-total approved budget net of adjustment for contingencies. Better than Expected Total General Fund General Government $1,200,000 $1,200,000 $1,000,000 $1,000,000 July YTD July YTD Expenditures Expenditures $800,000 $800,000 $600,000 $600,000 $400,000 $400,000 $200,000 $200,000 $0 $0 Annual Annual Expenditures * Expenditures * 11-12 11-12 12-13 13-14 12-13 14-15 15-16 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. Although the budgeted general fund expenditures for fiscal year 2015-16 are only 0.6% higher than the budget for fiscal year 2014-15, due to cost savings achieved in fiscal year 2014-15 the budget is 5.6% over fiscal year 2014-15 actuals. Through July 2015, general fund expenditures are performing better than expected as year to date expenditures are 0.2% lower than through July 2014. 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 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 8,233 98,577 8.4% 9,186 102,211 9.0% 11,829 100,400 11.8% 10,205 96,385 10.6% 8,890 110,288 8.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $120,000 $120,000 $100,000 $100,000 $80,000 $80,000 $60,000 $60,000 July YTD Expenditures July YTD Expenditures Annual Expenditures * $40,000 $40,000 Annual Expenditures * $20,000 $20,000 $0$0 11-1211-1212-13 12-13 14-15 13-14 13-14 15-16 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 July 2015 with a 12.9% decrease from the same period in the prior year. The fiscal year 2015-16 budget includes a 14.4% increase over fiscal year 2014-15 actuals. Fiscal year 2014-15 general fund general government expenditures were the lowest annual total since fiscal year 2010-11. -1- July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 3,407 33,542 10.2% 3,503 33,453 10.5% 3,653 32,659 11.2% 3,535 31,018 11.4% 5,948 32,623 18.2% * - For prior years-total actual expenditures, for current year-total approved budget Monitor & Consider Corrective Action Criminal Justice Public Safety $40,000 $40,000 $35,000 $35,000 $30,000 $30,000 $25,000 $25,000 $20,000 $20,000 $15,000 $15,000 $10,000 $5,000 $10,000 $0 $5,000 July YTD Expenditures July YTD Expenditures Annual Expenditures * Annual Expenditures * 11-12 12-13 13-14 $0 11-12 12-13 13-14 14-15 15-16 Criminal justice expenditures include costs for municipal courts and public defenders. General fund criminal justice expenditures through July 2015 are 68.3% higher than the prior July. Due to the implementation of e-procurement, the annual contracts for outside legal service were completely encumbered in July rather than showing as expenditures only at the time of payment. Those encumbrances represent 52.5% of July expenditures. The fiscal year 2015-16 budget includes a 5.2% increase over fiscal year 2014-15 actuals. General fund criminal justice expenditures for fiscal year 2014-15 were lower than the previous four years. Public Safety 11-12 12-13 13-14 14-15 15-16 Transportation Public Safety July YTD Annual % of Annual Expenditures Expenditures * Expenditures 60,067 647,049 9.3% 62,099 684,609 9.1% 67,778 699,796 9.7% 72,457 716,304 10.1% 71,611 737,194 9.7% * - 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 11-12 12-13 $0 11-12 July YTD Expenditures July YTD Expenditures 13-14 12-13 14-15 15-16 Annual Expenditures * Annual Expenditures * 13-14 Public safety expenditures include costs for police and fire services. General fund public safety expenditures through July 2015 are better than expected with a 1.2% decrease from the prior July. The fiscal year 2015-16 budget includes a 2.9% increase over fiscal year 2014-15 actuals. . - 2- July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 6,635 39,161 16.9% 7,296 38,161 19.1% 5,782 29,713 19.5% 6,517 34,187 19.1% 6,675 37,162 18.0% * - 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 July YTD Expenditures July YTD Expenditures Annual Annual Expenditures * Expenditures * 11-12 11-12 12-13 12-13 13-14 14-15 13-14 15-16 Transportation expenditures include costs for public transit and street maintenance and repair. The fiscal year 2015-16 budget includes an 8.7% increase over fiscal year 2014-15 actuals. General fund transportation expenditures are better than expected through July 2015 with a 2.4% increase over the prior July. Community Development Community Enrichment Community Development 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 1,611 19,393 8.3% 1,701 19,927 8.5% 2,293 20,210 11.3% 2,126 18,986 11.2% 1,906 21,376 8.9% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 July JulyYTD YTD Expenditures Expenditures $20,000 $20,000 $15,000 $15,000 $10,000 $10,000 Annual Expenditures * Annual Expenditures * $5,000 $5,000 $0 $0 11-12 11-12 12-13 12-13 13-14 14-15 13-14 15-16 Community development expenditures include costs for economic development and neighborhood services. General fund community development expenditures are better than expected through July 2015 with a 10.3% decrease from the prior July. The fiscal year 2015-16 budget includes a 12.6% increase over fiscal year 2014-15 actuals. Fiscal year 2014-15 general fund community development expenditures were lower than the previous four years. -3- July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 13,274 140,026 9.5% 14,472 141,209 10.2% 15,905 143,665 11.1% 14,284 138,024 10.3% 14,377 149,223 9.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Environmental Services Community Enrichment $160,000 $160,000 $140,000 $140,000 $120,000 $120,000 $100,000 $100,000 $80,000 $80,000 $60,000 $60,000 $40,000 $40,000 $20,000 $20,000 $0 $0 11-12 12-13 11-12 JulyYTD YTD July Expenditures Expenditures Annual Expenditures * Annual Expenditures * 13-14 12-13 14-15 15-16 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 July 2015 with a 0.7% increase from the prior July. The fiscal year 2015-16 budget includes an 8.1% increase over fiscal year 2014-15 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 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 1,439 15,723 9.2% 1,350 15,353 8.8% 2,754 13,748 20.0% 2,061 15,082 13.7% 1,721 15,494 11.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 July YTD Expenditures Annual Expenditures * 11-12 11-12 12-13 13-14 12-13 14-15 13-14 15-16 Environmental service expenditures include costs for maintaining and operating city facilities. General Fund environmental services expenditures through July 2015 are 16.5% lower than the prior July. The fiscal year 2015-16 budget includes a 2.7% increase over fiscal year 2014-15 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. July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total Citywide Operating 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 376,561 2,985,410 12.6% 329,023 3,123,865 10.5% 396,320 3,054,098 13.0% 413,245 3,051,875 13.5% 281,867 3,562,398 7.9% * - 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 $4,000,000 $3,500,000 $3,500,000 $3,000,000 $3,000,000 $2,500,000 $2,500,000 $2,000,000 $2,000,000 July YTD July YTD Expenditures Expenditures $1,500,000 $1,500,000 Annual Annual Expenditures * Expenditures * $1,000,000 $1,000,000 $500,000 $500,000 $0 $0 Better than Expected 11-12 12-13 11-12 13-14 12-13 14-15 15-16 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. Without contingencies, the budget for fiscal year 2015-16 anticipates an increase of 16.7% over prior year actuals in total operating expenditures. Actual expenditures through July 2015 are better than expected with a decrease of 31.8% from the prior July. The decrease is primarily due to a timing difference on Transit transportation contracts which were encumbered in July 2014, but the encumbrance did not post until August 2015. General Government 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 7,785 109,658 7.1% 8,636 114,015 7.6% 11,957 114,235 10.5% 10,471 108,690 9.6% 8,707 132,688 6.6% * - 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 July YTD Expenditures July YTD Expenditures $80,000 $60,000 Annual Expenditures * $60,000 $40,000 $40,000 $20,000 $20,000 Annual Expenditures * $0 11-12 12-13 11-12 12-13 13-14 14-15 13-14 15-16 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 16.8% through July 2015 from the same period in the prior year. The budget anticipates an increase of 22.1% for fiscal year 2015-16 over prior year actuals. The increase in budget includes anticipated debt service costs for RWC and Telephone improvement projects. -5- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 3,818 36,305 10.5% 4,247 41,290 10.3% 4,554 40,697 11.2% 4,310 39,265 11.0% 6,650 45,787 14.5% * - For prior years-total actual expenditures, for current year-total approved budget Monitor & Consider Corrective Action 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 July YTD Expenditures July YTD Expenditures Annual Expenditures * Annual Expenditures * 11-12 11-12 12-13 12-13 13-14 13-14 14-15 15-16 Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s office. Citywide criminal justice expenditures are 54.3% higher through July 2015 than the same period in the prior year. Due to the implementation of e-procurement, the annual contracts for outside legal service were completely encumbered in July rather than showing as expenditures only at the time of payment. The budgeted increase for fiscal year 2015-16 over prior year actuals is 16.6%. Public Safety 11-12 12-13 13-14 14-15 15-16 Transportation Public Safety July YTD Annual % of Annual Expenditures Expenditures * Expenditures 72,625 803,367 9.0% 75,905 842,387 9.0% 81,520 842,270 9.7% 84,376 841,816 10.0% 82,409 886,342 9.3% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $1,000,000 $900,000 $800,000 $800,000 $700,000 $600,000 $600,000 $500,000 $400,000 $400,000 $200,000 $300,000 $200,000 $0 $100,000 11-12 12-13 $0 11-12 July YTD Expenditures July YTD Expenditures 13-14 12-13 14-15 15-16 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 through July 2015 with expenditures 2.3% lower than the prior July. The budgeted increase for fiscal year 2015-16 over prior year actuals is 5.3%. -6- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 172,513 584,429 29.5% 101,426 582,381 17.4% 181,383 573,025 31.7% 191,924 582,486 32.9% 38,153 634,193 6.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $700,000 $600,000 July YTD Expenditures July YTD Expenditures $500,000 $400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000 $100,000 $0 $0 Annual Annual Expenditures * Expenditures * 11-12 11-12 12-13 12-13 13-14 14-15 13-14 15-16 Transportation expenditures include costs for Street lighting, maintenance and repair; Aviation and Public Transit. Citywide transportation expenditures are better than expected with a decrease 80.1% through July 2015 from the same period in the prior year. The decrease is primarily due to a timing difference on Transit transportation contracts which were encumbered in July 2014, but the encumbrance did not post until August 2015. The budgeted increase for fiscal year 2015-16 over prior year actuals is 8.9%. Community Development 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 14,296 192,133 7.4% 19,721 209,403 9.4% 19,937 194,542 10.2% 19,276 188,670 10.2% 17,153 232,394 7.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 JulyYTD YTD July Expenditures Expenditures $200,000 $200,000 $150,000 $150,000 $100,000 $100,000 $50,000 $50,000 $0 $0 Annual Expenditures * Annual Expenditures * 11-12 11-12 12-13 12-13 13-14 14-15 13-14 15-16 Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development expenditures are better than expected with a decrease through July 2015 of 11.0% from the prior July. The 2015-16 budget included an increase of 23.2% over 2014-15 actuals. -7- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 29,090 272,353 10.7% 31,810 273,110 11.6% 25,840 272,326 9.5% 24,216 259,944 9.3% 26,092 284,842 9.2% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $300,000 JulyYTD YTD July Expenditures Expenditures $250,000 $250,000 $200,000 $200,000 $150,000 $150,000 $100,000 $100,000 $50,000 $50,000 $0 $0 Better than Expected Annual Expenditures * Annual Expenditures * 11-12 12-13 11-12 13-14 12-13 14-15 15-16 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 an increase through July 2015 of 7.7% over the same period in the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 9.6%. Environmental Services 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 44,230 549,628 8.0% 66,437 564,051 11.8% 47,970 577,118 8.3% 50,125 545,198 9.2% 45,832 588,465 7.8% * - 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 JulyYTD YTD July Expenditures Expenditures $500,000 $500,000 $400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000 $100,000 $0 $0 Annual Expenditures * Annual Expenditures * 11-12 11-12 12-13 12-13 13-14 13-14 14-15 15-16 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 through July 2015 of 8.6% from the prior July. The budgeted increase for fiscal year 2015-16 over prior year actuals is 7.9%. -8- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 General Obligation Debt Service 11-12 12-13 13-14 14-15 15-16 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 14,076 157,298 8.9% 11,366 137,208 8.3% 8,399 100,524 8.4% 11,166 134,594 8.3% 12,724 152,691 8.3% * - For prior years-total actual expenditures, for current year-total approved budget net of credit for early redemption fund resources Expected General Obligation Debt Service Total Citywide $180,000 $180,000 $160,000 $160,000 $140,000 $140,000 $120,000 $120,000 $100,000 $100,000 $80,000 $80,000 $60,000 $60,000 $40,000 $40,000 $20,000 $20,000 $0 $011-12 JulyYTD YTD July Expenditures Expenditures Annual Expenditures * Annual Expenditures * 12-13 11-12 13-14 14-15 15-16 12-13 13-14 General obligation debt service expenditures are performing as expected through July 2015 with an increase of 14.0% over the same period in the prior year. Budgeted expenditures for fiscal year 2015-16 are 13.4% higher than actual expenditures for the prior fiscal 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 11-12 12-13 13-14 14-15 15-16 (Budget) $ 232,848 $ 320,599 $ 263,112 $ 244,107 $ 520,638 Discussion: 15-16 (YTD) $ 8,918 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). 15-16 (YTD) 15-16 (Budget) 14-15 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). 13-14 12-13 11-12 $0 $200,000 $400,000 $600,000 Upgrade/Replacement ($12 million). 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). Projects budgeted for fiscal year 2015-16 include telephone system replacement ($36 million), citywide LED conversion ($30 million) and RWC improvements ($31 million). Aviation 11-12 12-13 13-14 14-15 15-16 (Budget) 15-16 (YTD) $ 332,920 $ 168,639 $ 180,571 $ 259,616 $ 581,133 $ 352,127 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. 15-16 (YTD) 15-16 (Budget) 14-15 13-14 12-13 11-12 $0 $200,000 $400,000 $600,000 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. In fiscal year 2015-16, Aviation has committed or spent nearly $360 million on Terminal Development Concept Construction. The fiscal year 2015-16 budget also includes $34 million in improvements to terminal 4. - 10 - Capital Expenditures (Dollars in Thousands) 11-12 Phx Convention Ctr $ 1,644 Refer to detailed financial schedules pages 22 - 34 12-13 $ 21,830 $ 15-16 (Budget) 14-15 13-14 23,189 Discussion: $ 24,633 $ 26,248 15-16 (YTD) $ 1,735 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. The debt service payments total $20 million per year and are continued in the fiscal year 2015-16 budget. 15-16 (YTD) 15-16 (Budget) 14-15 13-14 12-13 11-12 $0 11-12 Solid Waste $ 15,512 13-14 12-13 $ 8,605 $ $10,000 15-16 (Budget) 14-15 8,063 $ 22,832 $ 28,406 $20,000 $30,000 15-16 (YTD) $ 24 Discussion: Solid Waste 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. 15-16 (YTD) 15-16 (Budget) 14-15 13-14 12-13 11-12 $0 $10,000 $20,000 $30,000 In fiscal year 2014-15 Solid Waste spent $16 million for the 27th avenue composting facility and $6 million for the SR85 landfill. The fiscal year 2015-16 budget includes $10 million for work at the SR85 landfill, $8 million for the 27th Avenue composting facility, and $6 million for the North Gateway Transfer Station. - 11 - Capital Expenditures (Dollars in Thousands) 11-12 Wastewater $ 66,342 Refer to detailed financial schedules pages 22 - 34 13-14 12-13 $ 109,914 $ 15-16 (Budget) 14-15 58,012 $ 39,880 Discussion: $ 115,072 15-16 (YTD) $ 1,005 Wastewater Capital funds were used to pay $25 million, $50 million and $25 million of commercial paper in fiscal years 201112, 2012-13 and 2013-14 respectively. In fiscal year 1213 the department spent $21 million on the Broadway Road Parallel Sewer. In fiscal year 2014-15 Wastewater 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. The fiscal year 2015-16 budget includes $35 million for assessment, rehabilitation and replacement of sewer mains and lines. An additional $21 million is budgeted for improvements and upkeep at the two wastewater treatment plants. 11-12 Water System $ 95,990 15-16 (YTD) 15-16 (Budget) 14-15 13-14 12-13 11-12 $0 $50,000 12-13 13-14 14-15 15-16 (Budget) $ 110,333 $ 129,080 $ 117,196 $ 209,033 $100,000 $150,000 15-16 (YTD) $ 6,021 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). 15-16 (YTD) 15-16 (Budget) 14-15 Major projects in fiscal year 2013-14 include construction of a new 20 million gallon concrete reservoir at Deer Valley WTP ($16 million). 13-14 12-13 11-12 $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. The fiscal year 2015-16 budget includes over $70 million for assessment, rehabilitation and replacement of hydrants, valves, mains and lines. - 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 July YTD Actuals $800,000 $600,000 $400,000 Annual Revenues* $200,000 $0 11-12 11-12 12-13 13-14 14-15 15-16 July YTD Actuals 65,347 67,992 72,193 73,562 66,172 Annual Revenues* 948,384 980,945 1,026,167 1,048,053 1,050,259 12-13 13-14 14-15 15-16 % of Annual Revenues 6.9% 6.9% 7.0% 7.0% 6.3% * - For prior years - total actual revenues, for current year - total approved budget Monitor & Consider Corrective Action Fiscal year 2015-16 general fund operating revenues are budgeted to increase 0.2% over prior year actuals. Actual revenues through July 2015 are 10.0% lower than the prior July. 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 250,000 200,000 94,436 62,012 35,204 49,567 50,080 128,054 132,101 143,931 138,243 140,363 11-12 12-13 13-14 14-15 150,000 Secondary 100,000 50,000 Primary (50,000) FY 11-12 12-13 13-14 14-15 15-16 YTD 15-16 budget Total 222,488 194,112 179,136 187,811 (981) 190,443 July (2,553) (1,733) (1,260) (1,107) (981) (1,392) Aug 1,059 1,349 971 760 1,045 Sept 1,189 904 867 816 878 Oct 13,656 11,888 11,107 12,338 11,993 Nov 55,555 54,091 46,645 63,660 55,802 Dec 40,845 31,075 32,028 18,028 27,539 15-16 YTD Jan 7,689 7,015 7,180 8,869 7,829 Feb 5,685 4,743 3,818 2,958 3,910 15-16 budget Mar 8,871 6,670 5,668 5,135 5,931 Apr 11,013 8,323 7,300 9,411 8,497 May 35,952 44,111 44,562 45,939 45,692 June 43,527 25,676 20,250 21,004 22,719 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. Total property tax revenues are budgeted to increase 1.4% in fiscal year 2015-16 over fiscal year 2014-15 actuals. - 14 - Local Sales Tax (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Local Sales Tax Budget vs Actual 39,000 38,000 37,000 36,000 35,000 15-16 Actuals 34,000 15-16 budget 33,000 32,000 31,000 30,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action Local sales tax revenues through July 2015 are 2.4% below budget. The fiscal year 2015-16 budget includes an increase of 0.6% in local sales tax revenues over fiscal year 2014-15 actuals. Local Sales Tax 3 Year Trend 45,000 40,000 35,000 30,000 25,000 13-14 Actuals 20,000 14-15 Actuals 15,000 15-16 Actuals 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July 2015 local sales tax revenues fell short of July 2014 revenues by 1.8%. This is the third month in a row with a year over year decline. Fiscal year 2014-15 local sales tax revenues exceeded fiscal year 2013-14 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 15-16 Actuals 15-16 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 July 2015 are 1.4% below the budget expectations for that period. State Sales Tax 3 Year Trend 14,000 12,000 10,000 8,000 13-14 Actuals 14-15 Actuals 6,000 15-16 Actuals 4,000 2,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2014-15 state shared sales tax revenues were 4.1% higher than fiscal year 2013-14 which were 7.0% higher than fiscal year 2012-13. Fiscal year 2015-16 state shared sales tax revenues are expected to be 4.0% higher than fiscal year 2014-15 actuals. 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 15-16 Actuals 3,000 15-16 budget 2,000 1,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action State shared vehicle license tax revenues through July 2015 are 1.5% lower than budget expectations for the same period. Vehicle License Tax 3 Year Trend 6,000 5,000 13-14 Actuals 4,000 14-15 Actuals 15-16 Actuals 3,000 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 2014-15 were 7.0% higher than fiscal year 2013-14 which were 6.9% over fiscal year 2012-13. Fiscal year 2015-16 state shared vehicle license tax revenues are expected to be 0.9% higher than fiscal year 2014-15 actuals. 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 15-16 Actuals 100,000 15-16 budget 50,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Better than Expected 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 July 2015 are 6.3% higher than budget expectations for the same period. Governmental Funds Revenues 3 Year Trend 250,000 200,000 2013-14 Actuals 150,000 2014-15 Actuals 15-16 Actuals 100,000 50,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2013-14 governmental funds revenues increased by 0.1% over fiscal year 2012-13 and fiscal year 2014-15 governmental revenues decreased 0.6% from the prior year. Fiscal year 2015-16 governmental funds revenues are expected to be 5.3% higher than fiscal year 2014-15 actuals. 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 15-16 Actuals 20,000 15-16 budget 15,000 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Better than Expected Aviation revenues through July 2015 are better than expected at 2.8% higher than budget for the same period. Aviation Operating Revenues 3 Year Trend 35,000 30,000 25,000 13-14 Actuals 20,000 14-15 Actuals 15,000 15-16 Actuals 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2014-15 aviation operating revenues are 3.0% higher than fiscal year 2013-14. Fiscal year 2015-16 aviation operating revenues are expected to be 2.2% lower than fiscal year 2014-15 actuals. 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 15-16 Actuals 15-16 budget 30,000 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action Unusually cool and wet weather in April, May and early June 2015 continued to impact revenues as July revenues were 10.3% below budget and 6.3% below July 2014. Water System Operating Revenues 3 Year Trend 60,000 50,000 40,000 13-14 Actuals 14-15 Actuals 30,000 15-16 Actuals 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June 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 were 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 15-16 Actuals 15-16 budget 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Monitor & Consider Corrective Action Wastewater revenues through July 2015 are 9.8% lower than budget expectations for the same period. Wastewater Operating Revenues 3 Year Trend 25,000 20,000 13-14 Actuals 15,000 14-15 Actuals 15-16 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 July 31 (dollars in thousands) Actual Year-to-Date 2015-16 2014-15 Budget Estimate 2015-16 Revenues 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 Engineering & Architectural Services Planning & Development Street Transportation Fire Emergency Transportation Service Hazardous Materials Inspection Fee Other Interest Other Fees and Service Charges Total Revenues $ $ - 22 - 422,024 2,239 34,740 $ 70 35,365 62 137,502 174,234 55,807 140,363 2,797 9,500 11,070 14,520 5,095 (708) 155 (2,437) 11,103 14,599 4,963 (791) 120 3 16,225 920 14,040 1,018 7,304 1,314 4,421 1,136 65 1,557 51 849 105 6,625 1,208 56 709 87 987 100 503 30,800 13,385 1,875 14,491 (9,558) 1,713 269 855 3,216 220 228 824 1,050,259 $ $ 66,172 $ 73,562 General Fund Expenditures As of July 31 (dollars in thousands) Actual Year-to-Date 2015-16 2014-15 Budget Estimate 2015-16 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 3,536 2,235 34,822 1,947 2,322 19,067 2,440 4,143 9,742 3,057 22,794 2,352 110,288 Criminal Justice Municipal Court Public Defender Total Criminal Justice $ 111 $ 265 280 2,860 146 182 1,616 188 348 743 263 1,454 434 8,890 116 270 268 3,281 184 223 1,743 573 402 793 315 1,810 227 10,205 27,542 5,081 32,623 2,302 3,646 5,948 3,123 412 3,535 477,614 259,566 14 737,194 48,895 22,716 71,611 47,404 25,052 1 72,457 Transportation Street Transportation Public Transit Total Transportation 19,222 17,940 37,162 5,331 1,344 6,675 3,453 3,064 6,517 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,629 12,362 4,331 54 21,376 453 1,058 391 4 1,906 555 1,085 483 3 2,126 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 90,558 35,281 18,171 5,213 149,223 9,475 3,171 837 894 14,377 9,936 2,452 1,173 723 14,284 Environmental Services Public Works Environmental Programs Total Environmental Services 14,834 660 15,494 1,676 45 1,721 1,990 71 2,061 6,779 105 256 - - Public Safety Police Fire Others Total Public Safety Capital Improvement Contingencies Total Expenditures and Encumbrances 46,400 $ 1,156,539 - 23 - $ 111,233 $ 111,441 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 July 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 $ 422,024 2,239 $ 137,502 174,234 55,807 140,363 2,797 9,500 17,145 14,040 1,018 7,304 1,314 4,421 44,185 1,875 14,491 Total General Funds 35,365 62 66,172 73,562 29,059 83,651 29,047 5,975 168,628 5,263 43,496 14,012 16,622 108,487 42,546 4,592 46,195 284,909 54,796 2,345 6,940 2,356 382 15,325 980 9,151 1,085 1,005 8,612 3,738 20 4,965 5,785 (273) 2,480 7,221 2,471 260 14,478 600 7,931 1,255 829 8,472 2,507 118 2,094 4,003 (319) 937,278 62,416 54,400 332,191 64,559 411,108 217,162 149,326 28,758 5,194 47,014 16,156 12,184 27,544 4,337 50,166 18,325 12,345 1,174,346 109,306 112,717 237,894 $ 240,679 Total Special Revenue and Debt Service Funds Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ $ 11,103 14,599 4,963 (791) 120 3 1,264 709 87 987 100 503 3,436 228 824 1,050,259 Total Enterprise Funds 34,740 70 11,070 14,520 5,095 (708) 155 (2,437) 1,201 1,557 51 849 105 6,625 (7,845) 269 855 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 2015-16 2014-15 Budget Estimate 2015-16 3,161,883 - 24 - $ Citywide Operating Expenditures As of July 31 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2015-16 2014-15 Budget 2015-16 $ Criminal Justice General Funds Other Funds Total Criminal Justice 110,288 22,400 132,688 $ 8,890 $ (183) 8,707 10,205 266 10,471 32,623 13,164 45,787 5,948 702 6,650 3,535 775 4,310 Public Safety General Funds Other Funds Total Public Safety 737,194 149,148 886,342 71,611 10,798 82,409 72,457 11,919 84,376 Transportation General Funds Other Funds Total Transportation 37,162 597,031 634,193 6,675 31,478 38,153 6,517 185,407 191,924 Community Development General Funds Other Funds Total Community Development 21,376 211,018 232,394 1,906 15,247 17,153 2,126 17,101 19,227 Community Enrichment General Funds Other Funds Total Community Enrichment 149,223 135,619 284,842 14,377 11,715 26,092 14,284 9,932 24,216 Environmental Services General Funds Other Funds Total Environmental Services 15,494 572,971 588,465 1,721 44,111 45,832 2,061 48,064 50,125 Debt Service General Funds Other Funds Total Debt Service 152,691 152,691 12,724 12,724 11,166 11,166 Capital Improvement General Funds Other Funds Total Capital Improvement 6,779 598,217 604,996 105 44,042 44,147 256 17,174 17,430 Contingencies General Funds Other Funds Total Contingencies 46,400 93,500 139,900 - - Total Operating General Funds Other Funds Total Operating Budget $ 1,156,539 2,545,759 3,702,298 $ - 25 - 111,233 170,634 281,867 $ 111,441 301,804 413,245 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 July 31 2015 2014 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 General Funds $ 34,739,535 69,587 34,809,122 $ 35,364,865 61,821 Local Taxes: Sales Taxes Privilege License Fees $ 422,024,000 2,239,000 $ 34,739,535 69,587 $ 35,364,865 61,821 35,426,686 Total Local Taxes 424,263,000 34,809,122 35,426,686 11,070,000 14,519,502 5,095,179 11,103,000 14,598,650 4,963,020 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 137,502,000 174,234,000 55,807,000 11,070,000 14,519,502 5,095,179 11,103,000 14,598,650 4,963,020 30,684,681 30,664,670 367,543,000 30,684,681 30,664,670 Total State Shared Taxes (707,757) (790,712) Primary Property Tax 140,363,000 155,018 119,722 Licenses and Permits 2,797,000 3,262 Cable Communications 9,500,000 (2,436,824) 1,136,626 64,718 1,208,269 56,188 Municipal Court: Fines and Forfeitures Court Default Fee 16,225,210 920,000 1,136,626 64,718 1,208,269 56,188 1,201,344 1,264,457 17,145,210 1,201,344 1,264,457 1,556,961 708,779 51,248 86,928 848,636 987,131 105,083 99,900 6,625,302 502,784 (2,436,824) (9,558,308) 56,950 1,656,625 3,215,635 52,200 167,879 (7,844,733) 3,435,714 Total Municipal Court Police (707,757) (790,712) 155,018 119,722 3,262 14,040,100 1,556,961 708,779 Library Fees 1,017,715 51,248 86,928 Parks and Recreation 7,304,351 848,636 987,131 Planning and Development 1,314,000 105,083 99,900 Street Transportation 4,421,358 6,625,302 502,784 30,800,000 1,250,000 12,134,508 (9,558,308) 56,950 1,656,625 3,215,635 52,200 167,879 44,184,508 (7,844,733) 3,435,714 Fire: Emergency Transportation Service Hazardous Materials Inspection Fee Other Total Fire 269,060 228,388 Interest 855,097 824,355 Other Fees and Service Charges 66,172,238 73,562,064 Total General Funds - 26 - 1,875,000 269,060 228,388 14,490,465 855,097 824,355 1,050,258,707 66,172,238 73,562,064 Citywide Operating Revenue by Source (continued) For the Month Ended July 31 2015 2014 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds $ 1,631,868 116,562 582,809 13,976 $ 1,716,139 122,581 612,906 28,758 2,345,215 2,480,384 5,144,703 1,799,583 (4,374) 5,366,123 1,865,391 (10,169) 6,939,912 7,221,345 2,355,871 2,470,428 249,261 86 128,855 218 3,975 141,831 1,059 115,963 (2,529) 3,748 382,395 260,072 9,316,287 6,008,240 8,876,334 5,601,869 15,324,527 14,478,203 980,000 600,000 9,151,417 7,931,241 1,084,702 1,255,281 994,143 10,432 815,346 13,780 1,004,575 829,126 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 20,189,000 1,442,000 7,210,000 218,000 $ 1,631,868 116,562 582,809 13,976 $ 1,716,139 122,581 612,906 28,758 29,059,000 2,345,215 2,480,384 62,313,000 21,442,000 (104,000) 5,144,703 1,799,583 (4,374) 5,366,123 1,865,391 (10,169) 83,651,000 6,939,912 7,221,345 29,047,226 2,355,871 2,470,428 3,846,510 83,321 1,950,222 (54,000) 148,480 249,261 86 128,855 218 3,975 141,831 1,059 115,963 (2,529) 3,748 5,974,533 382,395 260,072 115,364,000 53,263,814 9,316,287 6,008,240 8,876,334 5,601,869 168,627,814 15,324,527 14,478,203 5,263,216 980,000 600,000 Planning and Development 43,496,000 9,151,417 7,931,241 Capital Construction 14,012,000 1,084,702 1,255,281 Sports Facilities: Sales Taxes Interest/Other 16,342,000 280,000 994,143 10,432 815,346 13,780 16,622,000 1,004,575 829,126 Total Golf Courses Transit 2000: Sales Taxes Interest/Other Total Transit 2000 Court Awards Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended July 31 2015 2014 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds (Cont'd) $ $ Highway User Revenue: Highway User Revenue Interest Other 8,570,000 39,020 3,263 8,313,000 22,941 136,300 8,612,283 8,472,241 3,737,554 2,506,773 20,231 117,858 4,965,139 2,093,467 Other Restricted Fees 435,938 4,267,488 (242,249) Grants: Public Housing: Rentals Grants Other 388,927 5,071,253 889,833 $ 6,350,013 4,461,177 (104,099) 4,343,249 (4,804,100) (1,960,608) (2,982,049) 4,669,449 (185,560) (564,950) (458,768) 5,785,063 4,002,409 (272,795) 1 (315,791) (3,059) (272,794) (318,850) 62,416,090 54,399,978 Total Highway User Revenue Regional Transit Revenues Community Reinvestment $ Total Public Housing 108,137,000 200,000 150,000 8,570,000 39,020 3,263 8,313,000 22,941 136,300 108,487,000 8,612,283 8,472,241 42,546,216 3,737,554 2,506,773 4,591,794 20,231 117,858 46,194,608 4,965,139 2,093,467 6,619,873 80,121,266 5,260,812 $ 388,927 5,071,253 889,833 $ 435,938 4,267,488 (242,249) 92,001,951 6,350,013 4,461,177 42,424,057 65,915,793 32,391,902 52,175,518 (104,099) 4,343,249 (4,804,100) (1,960,608) (2,982,049) 4,669,449 (185,560) Total Other 192,907,270 (564,950) (458,768) Total Grants 284,909,221 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 5,785,063 4,002,409 50,079,674 4,716,600 (272,795) 1 (315,791) (3,059) 54,796,274 (272,794) (318,850) 937,277,902 62,416,090 54,399,978 135,770,000 187,031,400 800,000 3,417,000 2,137,600 3,034,600 - 7,983,901 19,868,387 163,622 257,263 189,647 250,593 44,677 8,477,025 18,219,495 61,952 298,827 175,305 251,923 59,454 332,190,600 28,758,090 27,543,981 Enterprise Funds AVIATION: 7,983,901 19,868,387 163,622 257,263 189,647 250,593 44,677 8,477,025 18,219,495 61,952 298,827 175,305 251,923 59,454 28,758,090 27,543,981 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 July 31 2015 2014 Budget Estimate 2015-16 Source Actual Year-to-Date 2014-15 2015-16 Enterprise Funds (Cont'd) CONVENTION CENTER: $ 3,403,078 1,765,580 25,060 3,282,037 1,036,984 18,575 5,193,718 4,337,596 Excise Taxes Operating Revenue Interest Total Convention Center 48,129,000 16,207,596 222,900 3,403,078 1,765,580 25,060 3,282,037 1,036,984 18,575 64,559,496 5,193,718 4,337,596 WATER SYSTEM: $ 45,254,840 $ 511,271 1,549,019 63,581 203,940 155,821 (724,222) 48,154,597 436,859 985,991 620,649 88,380 181,201 (301,413) 47,014,250 50,166,264 Water Sales Water Service Fees Distribution Intergovernmental Development Fees Interest Other $ Total Water System 389,180,000 6,000,000 3,620,000 5,807,000 2,700,000 2,197,000 1,604,000 $ 45,254,840 511,271 1,549,019 63,581 203,940 155,821 (724,222) $ 48,154,597 436,859 985,991 620,649 88,380 181,201 (301,413) 411,108,000 47,014,250 50,166,264 185,139,000 17,512,000 2,600,000 1,528,000 10,383,000 15,524,924 198,240 118,643 314,426 15,133,702 1,567,000 86,580 108,306 1,429,024 217,162,000 16,156,233 18,324,612 129,254,000 8,337,000 290,000 11,444,815 10,732,463 575,019 45,653 830,532 10,641,833 615,268 37,622 1,050,104 149,325,815 12,183,667 12,344,827 1,174,345,911 109,305,958 112,717,280 WASTEWATER: $ 15,524,924 198,240 118,643 314,426 15,133,702 1,567,000 86,580 108,306 1,429,024 16,156,233 18,324,612 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ $ 10,732,463 575,019 45,653 830,532 10,641,833 615,268 37,622 1,050,104 12,183,667 12,344,827 109,305,958 112,717,280 237,894,286 $ 240,679,322 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds $ Total Operating Revenues - 29 - 3,161,882,520 $ 237,894,286 $ 240,679,322 Citywide Operating Expenditures by Program For the Month Ended July 31 2015 2014 Budget Estimate 2015-16 Program Actual Year-to-Date 2015-16 2014-15 2015-16 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt General Government $ 110,889 $ 265,184 295,414 3,049,484 59,292 185,195 220,761 1,680,103 188,211 347,881 187,947 877,016 48,750 51,273 130,785 7,472 262,831 1,687,764 (949,176) 8,707,076 116,041 270,408 291,725 3,469,994 54,522 222,167 259,645 1,833,065 573,346 402,291 1,578 921,737 163,748 6,955 314,502 2,045,678 (476,285) 10,471,117 Mayor City Council City Manager Information Technology Services Government Relations Public Information Equal Opportunity Law City Auditor City Clerk Elections Human Resources Manager's Office of Sustainability Phx Community Development Invst Corp Retirement Systems Phoenix Employment Relations Board Budget and Research Finance Regional Wireless Cooperative Total General Government $ 1,831,282 3,536,455 2,535,692 37,508,490 1,063,542 2,292,349 2,810,049 20,039,791 2,439,653 4,142,696 911,764 11,019,312 292,557 776,044 83,752 3,057,102 33,344,271 5,003,748 $ 110,889 265,184 295,414 3,049,484 59,292 185,195 220,761 1,680,103 188,211 347,881 187,947 877,016 48,750 51,273 130,785 7,472 262,831 1,687,764 (949,176) $ 116,041 270,408 291,725 3,469,994 54,522 222,167 259,645 1,833,065 573,346 402,291 1,578 921,737 163,748 6,955 314,502 2,045,678 (476,285) $ - 110,889 $ 265,184 295,414 2,918,175 59,292 185,195 220,761 1,680,103 188,211 347,881 187,947 812,571 48,750 51,273 130,785 7,472 262,831 1,660,429 (949,176) 131,309 64,445 27,335 - 132,688,549 8,707,076 10,471,117 8,483,987 223,089 40,705,536 5,081,389 - 3,004,104 3,646,210 - 3,897,752 412,142 - 2,436,228 3,646,210 - 567,876 - 45,786,925 6,650,314 4,309,894 6,082,438 567,876 572,946,395 312,745,803 649,646 55,961,336 26,395,820 51,352 56,142,811 28,192,444 40,517 55,425,827 26,097,662 51,352 535,509 298,158 - 886,341,844 82,408,508 84,375,772 81,574,841 833,667 Criminal Justice 3,004,104 3,646,210 - 3,897,752 412,142 - 6,650,314 4,309,894 Municipal Court Public Defender Other Total Criminal Justice Public Safety 55,961,336 26,395,820 51,352 56,142,811 28,192,444 40,517 82,408,508 84,375,772 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended July 31 2015 2014 Budget Estimate 2015-16 Program Actual Year-to-Date 2015-16 2014-15 2015-16 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Transportation $ 4,755,195 982,585 21,945,799 10,468,879 38,152,458 $ 6,646,445 946,493 22,927,886 161,403,593 191,924,417 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 59,861,424 11,600,881 299,431,808 263,299,047 $ 4,755,195 982,585 21,945,799 10,468,879 $ 6,646,445 946,493 22,927,886 161,403,593 $ 4,744,963 982,585 17,734,555 5,467,702 $ 10,232 4,211,244 5,001,177 634,193,160 38,152,458 191,924,417 28,929,805 9,222,653 Community Development 3,261,692 7,995,215 3,797,013 2,098,573 3,536,678 7,708,570 4,803,088 3,179,127 Planning and Development Housing Economic Development Neighborhood Services Department 46,257,918 89,698,083 40,245,071 56,192,775 3,261,692 7,995,215 3,797,013 2,098,573 3,536,678 7,708,570 4,803,088 3,179,127 3,261,692 7,988,970 1,741,713 2,098,573 6,245 2,055,300 - 17,152,493 19,227,463 Total Community Development 232,393,847 17,152,493 19,227,463 15,090,948 2,061,545 101,188,842 35,777,708 5,825,781 60,133,639 11,794,369 62,029,657 4,123,444 3,968,465 10,281,995 3,204,359 501,371 4,732,912 943,015 5,390,312 223,155 815,309 10,775,398 2,514,563 627,572 4,851,753 922,121 3,554,326 361,654 608,118 10,132,409 3,204,359 501,371 2,995,776 5,369,171 223,155 815,309 149,586 1,737,136 943,015 21,141 - 284,841,905 26,092,428 24,215,505 23,241,550 2,850,878 Community Enrichment 10,281,995 3,204,359 501,371 4,732,912 943,015 5,390,312 223,155 815,309 10,775,398 2,514,563 627,572 4,851,753 922,121 3,554,326 361,654 608,118 26,092,428 24,215,505 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 July 31 2015 2014 Budget Estimate 2015-16 Program 2015-16 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Actual Year-to-Date 2015-16 2014-15 Environmental Services $ 22,978,704 10,398,807 9,549,998 2,796,126 108,838 $ 45,832,473 27,154,138 10,423,653 9,902,608 2,524,634 120,163 50,125,196 Water System Wastewater Solid Waste Management Public Works Environmental Programs $ Total Environmental Services 285,634,640 145,294,090 134,100,261 22,322,906 1,113,147 $ 22,978,704 10,398,807 9,549,998 2,796,126 108,838 $ 27,154,138 10,423,653 9,902,608 2,524,634 120,163 $ 14,972,056 4,723,242 9,015,714 1,682,924 108,838 30,502,774 $ 8,006,648 5,675,565 534,284 1,113,202 - 588,465,044 45,832,473 50,125,196 15,329,699 197,050 14,577,563 28,401,585 833,152 4,859,309 399,850 13,614,583 2,081,946 5,412,585 7,536,107 1,407,872 12,545,565 895,100 6,991,530 6,253,360 7,888,563 1,250 1,380,875 15,103,416 5,102,934 6,150 17,200,351 16,421 1,214,797 2,366,799 69,429 404,942 33,321 1,134,548 173,496 451,049 628,009 117,323 1,045,464 74,592 582,627 521,113 657,380 115,073 1,258,618 425,244 512 1,433,029 17,493 949,886 2,178,041 72,836 511,008 57,140 1,001,870 168,622 614,300 642,459 104,699 909,617 4,176 823,620 306,917 237,426 29 228,516 1,002,677 735,721 532 598,072 - 16,421 1,214,797 2,366,799 69,429 404,942 33,321 1,134,548 173,496 451,049 628,009 117,323 1,045,464 74,592 582,627 521,113 657,380 115,073 1,258,618 425,244 512 1,433,029 152,690,696 12,723,786 11,165,657 - 12,723,786 Capital Improvement 604,996,078 44,147,133 17,430,328 - 44,147,133 Contingencies 139,900,000 General Obligation Debt Service 16,421 1,214,797 2,366,799 69,429 404,942 33,321 1,134,548 173,496 451,049 628,009 117,323 1,045,464 74,592 582,627 521,113 657,380 115,073 1,258,618 425,244 512 1,433,029 17,493 949,886 2,178,041 72,836 511,008 57,140 1,001,870 168,622 614,300 642,459 104,699 909,617 4,176 823,620 306,917 237,426 29 228,516 1,002,677 735,721 532 598,072 12,723,786 11,165,657 44,147,133 17,430,328 $ 281,866,669 $ 413,245,349 Aviation Cultural Facilities Downtown Development Early Redemption Economic Development Fire Protection Freeway Mitigation Historic/Neighborhood Preservation Human Services Information Systems Libraries Maintenance Service Centers Mountain Preserves/Parks Municipal Administration Buildings Police Protection Public Housing Renovation Sanitary Sewers Secondary Property Tax Solid Waste Enterprise Bonds Storm Sewer Improvements Street Improvements Street Light Refinancing Water System Total Debt Service Total Operating Budget $ - 3,702,298,048 $ - 32 - 281,866,669 $ 413,245,349 $ 193,906,343 $ 87,960,326 Capital Expenditures and Encumbrances 2014-15 Actual Yearto-Date 2015-16 Program 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 General Government Subtotal Enterprise Aviation Phoenix Convention Center Solid Waste Disposal Wastewater Water System Enterprise Subtotal Total Capital Budget Program Actual Yearto-Date Budget $ 1,117,899 $ 9,413,568 1,235,000 7,179,704 207,000 9,394,718 1,261,282 33,094,271 630,000 57,859,078 1,142,650 4,708,406 86,637,476 3,211,245 104,956,538 22,217,690 176,370,997 $ 3,016,189 522,328 82,299 52,467 340 1,023,179 1,168 36,496 458,247 35,352 1,463,012 2,226,426 158 54,054 23,973 280,009 96,761 17,218 404 376,795 5,760 49,571 81 9,352 1,860,942 66,040 1,950,645 3,352,092 $ 520,637,522 $ 8,917,503 $ 8,143,855 $ $ $ 581,133,400 26,247,700 28,406,275 115,072,491 209,032,755 959,892,621 $ $ 352,127,032 1,735,339 23,913 1,005,351 6,020,933 360,912,568 $ 1,480,530,143 $ 369,830,071 From Operating Funds Actual Budget $ $ $ $ (7,087,048) 1,734,736 268,261 346,445 9,935,287 5,197,681 $ 13,341,536 43,899 $ 9,098,553 1,235,000 3,953,728 113,850 7,708,250 15,473,169 30,000 8,191,520 200,000 1,903,633 53,364,858 1,692,088 85,974,676 71,438,163 3,015,785 522,328 71,901 608,710 90 2,313 434,225 30,960 1,442,558 607,367 260,421,387 $ 6,736,237 $ $ 67,168,712 5,798,700 23,564,921 69,311,202 178,731,156 344,574,691 $ 604,996,078 - 33 - 2015-16 Year-to-Date Capital Amounts From Capital Funds Budget Actual $ $ $ $ 30,913,991 31,256 22,330 990,078 5,453,241 37,410,896 $ 44,147,133 1,074,000 $ 315,015 3,225,976 93,150 1,686,468 1,261,282 17,621,102 600,000 49,667,558 942,650 2,804,773 33,272,618 1,519,157 18,981,862 22,217,690 104,932,834 404 10,398 52,467 340 414,469 1,078 34,183 24,022 4,392 20,454 1,619,059 260,216,135 $ 2,181,266 $ $ 513,964,688 20,449,000 4,841,354 45,761,289 30,301,599 615,317,930 $ 875,534,065 Unencumbered Budget $ 1,117,899 6,397,379 712,672 7,097,405 207,000 9,342,251 1,260,942 32,071,092 630,000 57,859,078 1,141,482 4,671,910 86,179,229 3,175,893 103,493,526 22,217,690 174,144,571 $ 511,720,019 $ $ 321,213,041 1,704,083 1,583 15,273 567,692 323,501,672 $ 229,006,368 24,512,361 28,382,362 114,067,140 203,011,822 598,980,053 $ 325,682,938 $ 1,110,700,072 Bonds Authorized and Sold As of July 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 11-12 Actuals 12-13 Actuals 40,000 13-14 Actuals 14-15 Actuals 35,000 15-16 Actuals 15-16 budget 30,000 25,000 20,000 15,000 July FY 11-12 12-13 13-14 14-15 15-16 15-16 budget July 33,875 34,005 36,360 35,365 34,740 35,590 Aug YTD thru July 33,875 34,005 36,360 35,365 34,740 35,590 Sept Aug 34,239 34,276 35,589 36,414 35,822 Oct Sept 33,371 34,254 35,873 35,290 35,381 Nov Dec Oct 34,746 33,337 35,068 34,621 35,122 Jan Nov 31,854 33,430 34,363 33,033 33,824 Dec 31,745 32,504 32,474 35,062 33,596 Feb Jan 36,385 36,527 40,116 37,227 38,305 Note: City of Phoenix revenue is budgeted on an annual basis. 2015-16 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 2014-15 actual expenditures. Return to Summary Page - A1 - Mar Feb 31,532 32,542 32,084 34,432 33,292 Apr Mar 32,549 32,047 32,147 34,938 33,570 May Apr 34,955 34,911 35,988 37,203 36,470 June May 32,521 34,699 33,165 33,049 34,017 June 39,115 38,243 34,898 33,017 37,035 State Sales Tax (Dollars in Thousands) State Sales Tax 14,000 11-12 Actuals 13,000 12-13 Actuals 12,000 13-14 Actuals 11,000 14-15 Actuals 15-16 Actuals 10,000 15-16 budget 9,000 8,000 7,000 6,000 5,000 July FY 11-12 12-13 13-14 14-15 15-16 15-16 budget Aug July 8,852 9,907 10,309 11,103 11,070 11,227 YTD thru July 8,852 9,907 10,309 11,103 11,070 11,227 Sept Oct Aug 8,683 8,755 9,616 9,712 10,276 Nov Sept 8,993 9,240 10,012 10,552 10,843 Oct 9,177 9,229 9,923 10,307 10,798 Dec Jan Nov 9,083 9,456 9,673 10,295 10,762 Feb Dec 9,055 9,462 10,296 10,695 11,042 Mar Jan 11,290 11,986 12,744 13,173 13,749 Note: City of Phoenix revenue is budgeted on an annual basis. 2015-16 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 2014-15 actual expenditures. Return to Summary Page - A2 - Apr Feb 8,572 9,270 10,430 10,244 10,765 May Mar 9,554 9,887 10,506 10,861 11,406 June Apr 9,744 11,037 11,285 12,265 12,390 May 9,743 9,902 10,863 11,697 11,796 June 11,272 10,599 11,350 11,314 12,448 Vehicle License Tax (Dollars in Thousands) Vehicle License Tax 5,500 11-12 Actuals 12-13 Actuals 5,000 13-14 Actuals 14-15 Actuals 4,500 15-16 Actuals 4,000 15-16 budget 3,500 3,000 2,500 2,000 July FY 11-12 12-13 13-14 14-15 15-16 Budget 15-16 Aug July 4,482 4,493 4,752 4,963 5,095 5,170 Sept YTD thru July 4,482 4,493 4,752 4,963 5,095 5,170 Oct Aug 3,698 3,982 4,663 5,004 4,799 Nov Sept 3,842 3,852 3,992 3,749 4,269 Dec Oct 3,669 3,535 3,912 4,415 4,296 Jan Nov 3,089 3,582 3,958 4,198 4,101 Feb Dec 3,781 3,993 3,872 3,857 4,288 Mar Jan 3,645 3,572 3,936 4,661 4,374 Note: City of Phoenix revenue is budgeted on an annual basis. 2015-16 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 2014-15 actual expenditures. Return to Summary Page - A3 - Apr Feb 3,620 4,141 4,799 4,920 4,835 May Mar 4,860 4,623 4,559 4,984 5,263 June Apr 3,482 3,676 3,826 4,408 4,258 May 3,796 4,088 4,643 5,108 4,878 June 4,435 4,834 4,778 5,027 5,276 Governmental Funds Revenue (Dollars in Thousands) Governmental Funds Revenue 240,000 2011-12 Actuals 220,000 2012-13 Actuals 200,000 2013-14 Actuals 180,000 2014-15 Actuals 160,000 15-16 Actuals 140,000 15-16 budget 120,000 100,000 80,000 60,000 40,000 20,000 July FY 11-12 12-13 13-14 14-15 15-16 Budget 15-16 July 86,818 117,069 125,711 127,962 128,588 120,928 Aug YTD thru July 86,818 117,069 125,711 127,962 128,588 120,928 Sept Aug 137,663 123,710 137,320 138,394 142,177 Oct Nov Sept 121,595 131,313 157,974 133,016 144,008 Oct 146,785 145,692 143,773 155,801 156,646 Dec Nov 175,857 188,162 188,461 193,744 197,375 Jan Dec 166,847 167,796 169,767 162,290 176,410 Feb Mar Jan 160,819 160,895 153,911 151,099 165,883 Feb 134,133 134,498 132,551 144,296 144,352 Note: City of Phoenix revenue is budgeted on an annual basis. 2015-16 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 2014-15 actual expenditures. Return to Summary Page - A4 - Apr Mar 143,232 142,641 144,892 150,768 153,968 May Apr 161,330 160,782 162,046 169,860 173,219 June May 177,804 182,000 204,907 192,623 200,435 June 214,725 241,207 177,153 167,673 212,136 Aviation Revenues (Dollars in Thousands) Aviation Operating Revenues 40,000 11-12 Actuals 12-13 Actuals 35,000 13-14 Actuals 14-15 Actuals 30,000 15-16 Actuals 15-16 budget 25,000 20,000 15,000 10,000 July FY 11-12 12-13 13-14 14-15 15-16 Budget 15-16 Aug July 27,628 28,080 31,036 27,544 28,758 27,983 Sept YTD thru July 27,628 28,080 31,036 27,544 28,758 27,983 Oct Aug 24,404 26,231 22,760 26,594 24,482 Nov Sept 27,570 28,144 26,677 27,855 26,994 Dec Jan Oct 26,280 30,124 26,505 26,489 26,786 Nov 27,849 26,471 26,222 27,610 26,481 Feb Dec 29,526 28,146 27,171 27,853 27,594 Mar Apr Jan 27,146 27,054 26,659 27,917 26,634 Feb 27,028 27,884 26,561 26,683 26,482 Note: City of Phoenix revenue is budgeted on an annual basis. 2015-16 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 2014-15 actual expenditures. Return to Summary Page - A5 - May Mar 28,470 31,100 28,352 30,414 28,974 June Apr 33,111 34,980 31,467 32,304 32,286 May 30,194 31,020 29,350 29,251 29,336 June 30,075 28,463 27,200 29,272 28,158 Water System Revenues (Dollars in Thousands) Water System Operating Revenues 80,000 75,000 11-12 Actuals 70,000 12-13 Actuals 65,000 13-14 Actuals 60,000 14-15 Actuals 55,000 15-16 Actuals 50,000 15-16 budget 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 July FY 11-12 12-13 13-14 14-15 15-16 Budget 15-16 Aug July 48,584 79,417 49,017 50,166 47,014 52,399 Sept YTD thru July 48,584 79,417 49,017 50,166 47,014 52,399 Oct Aug 44,616 42,419 42,137 40,684 45,190 Nov Sept 47,230 42,446 41,144 36,711 44,356 Dec Jan Oct 35,860 34,197 34,917 30,601 35,950 Nov 30,215 36,338 34,774 32,130 34,439 Feb Dec 20,946 25,523 22,327 24,573 24,059 Mar Apr Jan 19,694 21,738 22,872 21,031 22,552 Feb 18,282 18,711 21,185 19,044 20,748 Note: City of Phoenix revenue is budgeted on an annual basis. 2015-16 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, FY 2013-14, and FY 2014-15 actual expenditures. FY 2012-13 expenditures were excluded from the calculation due to a significant outlier in July 2012. Return to Summary Page - A6 - May Mar 20,726 21,386 21,993 20,725 22,498 June Apr 27,648 30,809 29,578 31,472 31,453 May 32,635 34,663 36,292 32,249 35,878 June 42,378 37,680 42,563 32,329 41,586 Wastewater Revenues (Dollars in Thousands) Wastewater Operating Revenues 11-12 Actuals 27,000 12-13 Actuals 13-14 Actuals 22,000 14-15 Actuals 15-16 budget 15-16 Actuals 17,000 12,000 7,000 2,000 July FY 11-12 12-13 13-14 14-15 15-16 Budget 15-16 Aug July 18,754 17,547 17,634 18,325 16,156 17,914 Sept YTD thru July 18,754 17,547 17,634 18,325 16,156 17,914 Oct Aug 19,339 18,057 18,252 18,520 18,358 Nov Sept 19,500 17,930 18,224 18,337 18,244 Dec Oct 19,161 17,684 17,798 17,754 17,824 Jan Nov 26,283 20,958 20,452 17,529 19,734 Feb Dec 18,864 17,744 17,763 18,276 18,007 Mar Jan 26,967 25,337 17,618 18,183 20,470 Note: City of Phoenix revenue is budgeted on an annual basis. 2015-16 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2012-13 through FY 2014-15 actual expenditures. FY 2011-12 expenditures were excluded from the calculation due to significant outliers in November 2011 and January 2012. Return to Summary Page - A7 - Apr Feb 16,038 17,663 18,058 17,960 17,973 May Mar 18,552 14,263 14,986 17,538 15,665 June Apr 18,938 17,865 18,386 18,112 18,202 May 19,734 17,982 18,299 17,762 18,096 June 10,717 14,638 16,909 18,253 16,675