January 2016 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report January 2016 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 Expected performance status in the table of contents to Public Safety 2 Expected be taken directly to that page of the report. Transportation 3 Better than Expected Community Development 3 Better than Expected From any page of the report, click on the Community Enrichment 4 Better than Expected City of Phoenix Bird Emblem to return to the Environmental Services 4 Better than Expected Table of Contents Citywide 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 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 Page Performance Status 13 Better than Expected Property Tax 14 Better than Expected Local Sales Tax 15 Expected State Sales Tax 16 Better than Expected Vehicle License Tax 17 Better than Expected Governmental Funds 18 Expected Aviation 19 Better than Expected Water System 20 Corrective Action Taken Wastewater 21 Expected General Fund Total Operating Revenue 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. January 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 592,428 995,771 59.5% 624,431 1,038,092 60.2% 626,815 1,042,102 60.1% 623,286 1,051,395 59.3% 627,181 1,110,139 56.5% * - 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 January YTD January 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 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. 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 January 2016, general fund expenditures are 0.6% higher than through January 2015. General fund expenditures have been nearly flat over the past 3 years with FY2014-15 only showing a 1.3% increase over FY2012-13. Year to date expenditures through January have varied by less than 1.0% over the last four fiscal years. General Government 11-12 12-13 13-14 14-15 15-16 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 61,237 98,577 62.1% 61,422 102,211 60.1% 64,431 100,400 64.2% 59,182 96,385 61.4% 63,491 110,381 57.5% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $120,000 $120,000 $100,000 $100,000 $80,000 $80,000 $60,000 $60,000 $40,000 $40,000 January YTD Expenditures January YTD Expenditures Annual Expenditures * 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 through January 2016 are 7.3% higher than the same period in the prior year. The fiscal year 2015-16 budget includes a 14.5% increase over fiscal year 2014-15 actuals. Of that increase, 4.3% is due to a fiscal year 2015-16 $4.2 million assessment to the State related to the tax simplification project. An additional 9.3% of the increase is due to a $9.0 million increase in budgeted personal service costs in fiscal year 2015-16 over fiscal year 2014-15 actuals. Through January 2016, personal service costs are 0.4% lower than through the same period in the prior year. Fiscal year 2014-15 general fund general government expenditures were the lowest annual total since fiscal year 2010-11. -1- January 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 Criminal Justice Public Safety January YTD Annual % of Annual Expenditures Expenditures * Expenditures 19,686 33,542 58.7% 20,127 33,453 60.2% 19,729 32,659 60.4% 18,769 31,018 60.5% 19,676 32,623 60.3% * - For prior years-total actual expenditures, for current year-total approved budget Expected $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 January YTD Expenditures January 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 January 2016 are 4.8% higher than the same period in the prior year. 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 385,251 647,049 59.5% 407,056 684,609 59.5% 415,773 699,796 59.4% 419,830 716,304 58.6% 431,403 737,194 58.5% * - For prior years-total actual expenditures, for current year-total approved budget 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 January YTD Expenditures January 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 January 2016 are 2.8% higher than the prior year. The fiscal year 2015-16 budget includes a 2.9% increase over fiscal year 2014-15 actuals. - 2- January 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 23,317 39,161 59.5% 23,982 38,161 62.8% 18,112 29,713 61.0% 21,255 34,187 62.2% 9,867 37,162 26.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Community Development Transportation $45,000 $40,000 $40,000 $35,000 $35,000 $30,000 $30,000 $25,000 $25,000 $20,000 $20,000 $15,000 $15,000 $10,000 $10,000 $5,000 $5,000 $0 $0 January YTD Expenditures January 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 through January 2016 are 53.6% lower than the same period in the prior year. The fiscal year 201516 budget includes an allocation of $16 million from the General Fund to the Transit Fund, however, with the passage of proposition 104, that allocation is no longer necessary. Fiscal year 2014-15 included a similar allocation which accounts for the majority of the general fund transportation year over year expenditure reduction. Community Development Community Enrichment Community Development 11-12 12-13 13-14 14-15 15-16 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 11,803 19,393 60.9% 12,218 19,927 61.3% 12,912 20,210 63.9% 11,897 18,986 62.7% 11,260 21,376 52.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 January JanuaryYTD 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 January 2016 with a 5.4% decrease from the same period in the prior year. The fiscal year 2015-16 budget includes a 12.6% increase over fiscal year 2014-15 actuals. The increase is primarily due to budgeted personal and contractual services being higher than the fiscal year 2014-15 actuals. Through January 2016, both personal and contractual services are lower than the January 2015 year to date totals. Fiscal year 2014-15 general fund community development expenditures were lower than the previous four years. -3- January General Fund YTD Expenditures (Dollars in Thousands) Community Enrichment 11-12 12-13 13-14 14-15 15-16 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 80,393 140,026 57.4% 85,747 141,209 60.7% 85,563 143,665 59.6% 80,276 138,024 58.2% 82,007 149,223 55.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Refer to detailed financial schedules pages 22 thru 34 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 JanuaryYTD YTD January 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 January 2016 with a 2.2% increase over the prior year. The fiscal year 2015-16 budget includes an 8.1% increase over fiscal year 2014-15 actuals. Budgeted increases in contractual services are reflected in higher year to date costs for utilities, miscellaneous contractuals (primarily homeless services), and maintenance and repair expense (primarily custodial services). The remaining budgetary increase is primarily due to personal services, however, personal service expenditures through January 2016 are slightly lower than the same period in the prior year. 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 8,948 15,723 56.9% 12,147 15,353 79.1% 9,608 13,748 69.9% 11,638 15,082 77.2% 7,924 15,401 51.5% * - 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 January 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 January 2016 are 31.9% lower than the prior year. The decrease is primarily due to a decrease in fuel costs. The fiscal year 2015-16 budget includes a 2.1% 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. January 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 1,788,749 2,985,410 59.9% 1,852,467 3,123,865 59.3% 1,821,790 3,054,098 59.7% 1,819,923 3,051,875 59.6% 1,856,996 3,589,098 51.7% * - For prior years-total actual expenditures, for current year-total approved budget net of adjustments for contingencies and use of the early redemption fund. Total Citywide General Government $4,000,000 $3,500,000 $3,500,000 $3,000,000 $3,000,000 $2,500,000 $2,500,000 $2,000,000 $2,000,000 January YTD January 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 17.6% over prior year actuals in total operating expenditures. Actual expenditures through January 2016 are better than expected with an increase of 2.0% over the same period in the prior year. General Government 11-12 12-13 13-14 14-15 15-16 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 63,314 109,658 57.7% 65,011 114,015 57.0% 69,543 114,235 60.9% 65,973 108,690 60.7% 70,520 132,782 53.1% * - 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 January YTD Expenditures January 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 an increase of 6.9% through January 2016 over the same period in the prior year. The budget anticipates an increase of 22.2% 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- January Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice January YTD Annual % of Annual Expenditures Expenditures * Expenditures 21,474 36,305 59.1% 24,790 41,290 60.0% 24,530 40,697 60.3% 23,638 39,265 60.2% 24,609 45,787 53.7% 11-12 12-13 13-14 14-15 15-16 * - 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 January YTD Expenditures January 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 4.1% higher through January 2016 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 476,365 803,367 59.3% 500,743 842,387 59.4% 500,708 842,270 59.4% 497,065 841,816 59.0% 509,692 886,342 57.5% * - 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 January YTD Expenditures January 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 January 2016 with expenditures 2.5% higher than the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 5.3%. -6- January 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 388,461 584,429 66.5% 401,109 582,381 68.9% 402,024 573,025 70.2% 405,724 582,486 69.7% 412,950 644,393 64.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $700,000 $600,000 January YTD Expenditures January 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 an increase of 1.8% through January 2016 over the same period in the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 10.6%. Community Development 11-12 12-13 13-14 14-15 15-16 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 114,003 192,133 59.3% 132,940 209,403 63.5% 122,729 194,542 63.1% 116,122 188,670 61.5% 102,066 232,039 44.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 JanuaryYTD YTD January 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 January 2016 of 12.1% from the prior year. The decrease is primarily due to a decrease in debt service requirements due to the refinancing of the Downtown Hotel debt and a decrease in NSD – neighborhood stabilization grant spending. The 2015-16 budget includes an increase of 23.0% over 2014-15 actuals. -7- January 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 158,904 272,353 58.3% 162,765 273,110 59.6% 161,870 272,326 59.4% 155,480 259,944 59.8% 157,144 284,592 55.2% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $300,000 JanuaryYTD YTD January 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 January 2016 of 1.1% over the same period in the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 9.5%. Environmental Services 11-12 12-13 13-14 14-15 15-16 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 324,013 549,628 59.0% 340,307 564,051 60.3% 338,945 577,118 58.7% 329,028 545,198 60.4% 321,315 588,371 54.6% * - 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 JanuaryYTD YTD January 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 January 2016 of 2.3% from the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 7.9%. -8- January 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 January YTD Annual % of Annual Expenditures Expenditures * Expenditures 98,817 157,298 62.8% 80,285 137,208 58.5% 58,790 100,524 58.5% 78,523 134,594 58.3% 89,067 152,691 58.3% * - 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 JanuaryYTD YTD January 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 January 2016 with an increase of 13.4% 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) 15-16 (YTD) $ 232,848 $ 320,599 $ 263,112 $ 244,107 $ 537,668 $ 106,447 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). 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 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). Through January 2016, over $38 million has been expended or encumbered for street construction, maintenance or improvement. 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 $ 463,675 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) 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. 14-15 13-14 12-13 11-12 $0 $200,000 $400,000 $600,000 In fiscal year 2015-16, Aviation has committed or spent over $360 million on Terminal Development Concept Construction. The fiscal year 2015-16 budget also includes $34 million in improvements to terminal 4, of which $24 million has been spent or committed through December 2015. Additionally, Aviation has committed or spent over $23 million for the T4 North Apron Reconstruction. - 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 $ 26,498 15-16 (YTD) $ 12,519 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) $ 1,155 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 In fiscal year 2014-15 Solid Waste spent $16 million for the 27th avenue composting facility and $6 million for the SR85 landfill. 11-12 $0 $10,000 $20,000 $30,000 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) $ 17,558 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 $ 208,858 $100,000 $150,000 15-16 (YTD) $ 63,604 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. In fiscal year 2015-16 the water system has spent or committed over $16 million for rehabilitation at the Val Vista water treatment plant. Additionally, the 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 Jan 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 Jan YTD Actuals 538,107 560,227 590,776 600,002 611,015 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 56.7% 57.1% 57.6% 57.2% 58.2% * - For prior years - total actual revenues, for current year - total approved budget Better Than Expected Fiscal year 2015-16 general fund operating revenues are budgeted to increase 0.2% over prior year actuals. Actual revenues through January 2016 are 1.8% higher than the same period in the prior year. Specific revenue sources are discussed on the following pages. - 13 - Property Taxes (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Property Taxes Primary & Secondary 250,000 200,000 Secondary 94,436 150,000 62,012 35,204 49,567 132,101 143,931 138,243 50,080 100,000 50,000 27,954 128,054 140,363 Primary 78,263 11-12 FY 11-12 12-13 13-14 14-15 15-16 YTD 15-16 budget Total 222,488 194,112 179,136 187,811 106,216 190,443 12-13 July (2,553) (1,733) (1,260) (1,107) (981) (1,392) Aug 1,059 1,349 971 760 641 1,045 13-14 Sept 1,189 904 867 816 857 878 Oct 13,656 11,888 11,107 12,338 15,224 11,993 14-15 Nov 55,555 54,091 46,645 63,660 60,232 55,802 Dec 40,845 31,075 32,028 18,028 21,975 27,539 15-16 YTD Jan 7,689 7,015 7,180 8,869 8,268 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 Better than Expected Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart for property tax revenues is presented with an annual perspective. Total property tax revenues are budgeted to increase 1.4% in fiscal year 2015-16 over fiscal year 2014-15 actuals. Through January 2016, property tax revenues are 2.4% higher than budget projections. - 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 Expected Local sales tax revenues through January 2016 are 1.0% 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 Through January 2016, local sales tax revenues are 0.7% lower than the same period in the prior fiscal year. 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 Better than Expected State shared sales tax revenues through January 2016 are 1.3% above the budget expectations for that period. State Sales Tax 3 Year Trend 16,000 14,000 12,000 10,000 13-14 Actuals 8,000 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 Better than Expected State shared vehicle license tax revenues through January 2016 are 6.3% higher 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. Through January 2016, state shared vehicle license tax revenues are 7.9% higher than the same period in fiscal year 2014-15. 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 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 January 2016 are 0.1% lower 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 operating revenues through January 2016 are better than expected at 5.3% 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. Through January 2016, aviation operating revenues are 2.7% higher than the same period in the prior year. 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 Corrective Action Taken Water system revenues through January 2016 are 5.7% below budget expectations for that period. Although revenues are tracking below budget expectations, the water five year financial plan took into account the strong El Niño weather patterns and reduced water consumption and revenue expectations. 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. Revenues through January 2016 are 3.5% higher than the same period in the prior fiscal year. 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 Expected Wastewater revenues through January 2016 are 0.8% below 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 January 31 (dollars in thousands) Budget Estimate 2015-16 Actual Year-to-Date 2015-16 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 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 $ 245,198 2,003 $ 247,010 1,894 137,502 174,234 55,807 140,363 2,797 9,500 79,699 101,637 33,273 78,263 1,574 4,884 75,838 102,191 30,846 76,146 1,606 2,260 16,225 920 14,040 1,018 7,304 1,314 4,421 7,568 377 7,850 346 3,755 946 2,161 8,498 389 8,516 543 3,911 716 2,991 30,800 13,385 1,875 14,491 22,292 8,501 1,930 8,758 17,750 8,604 1,547 8,746 1,050,259 $ 611,015 $ 600,002 General Fund Expenditures As of January 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 2,445 110,381 862 $ 1,824 1,868 18,318 974 1,254 10,822 1,337 2,422 5,169 1,761 14,835 2,045 63,491 901 1,883 1,997 17,269 1,123 1,460 10,702 1,595 1,928 5,333 1,776 10,860 2,355 59,182 27,542 5,081 32,623 15,176 4,500 19,676 15,895 2,874 18,769 477,614 259,566 14 737,194 283,867 147,298 238 431,403 271,801 148,045 (16) 419,830 Transportation Street Transportation Public Transit Total Transportation 19,222 17,940 37,162 8,198 1,669 9,867 10,074 11,181 21,255 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,629 12,362 4,331 54 21,376 2,651 6,233 2,348 28 11,260 2,649 6,790 2,430 28 11,897 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 90,558 35,281 18,171 5,213 149,223 50,216 20,113 8,626 3,052 82,007 49,638 19,749 9,069 1,820 80,276 Environmental Services Public Works Environmental Programs Total Environmental Services 14,835 566 15,401 7,715 209 7,924 11,266 372 11,638 6,779 1,553 439 46,400 - Criminal Justice Municipal Court Public Defender Total Criminal Justice Public Safety Police Fire Others Total Public Safety Capital Improvement Contingencies Total Expenditures and Encumbrances $ 1,156,539 - 23 - $ $ 627,181 $ 623,286 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 January 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 $ Total General Funds 422,024 2,239 $ 247,010 1,894 75,838 102,191 30,846 76,146 1,606 2,260 8,887 8,516 543 3,911 716 2,991 26,354 1,547 8,746 1,050,259 611,015 600,002 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 16,542 49,196 16,580 2,832 96,319 3,174 34,277 7,740 11,774 63,979 22,933 3,871 24,605 107,363 30,325 17,648 50,927 17,673 2,939 93,485 7,774 28,695 8,472 7,667 60,794 17,916 3,700 15,471 99,567 29,576 937,278 491,510 462,304 332,191 64,559 411,108 217,162 149,326 196,954 33,385 244,245 129,474 85,587 191,864 33,697 235,896 126,923 87,051 1,174,346 689,645 675,431 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 245,198 2,003 79,699 101,637 33,273 78,263 1,574 4,884 7,945 7,850 346 3,755 946 2,161 30,793 1,930 8,758 Total Special Revenue and Debt Service Funds Total Enterprise Funds $ 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 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 - $ 1,792,170 $ 1,737,737 Citywide Operating Expenditures As of January 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 $ 63,491 $ 7,029 70,520 59,182 6,792 65,974 32,623 13,164 45,787 19,676 4,933 24,609 18,769 4,869 23,638 Public Safety General Funds Other Funds Total Public Safety 737,194 149,148 886,342 431,403 78,289 509,692 419,830 77,235 497,065 Transportation General Funds Other Funds Total Transportation 37,162 607,231 644,393 9,867 403,083 412,950 21,255 384,469 405,724 Community Development General Funds Other Funds Total Community Development 21,376 210,663 232,039 11,260 90,806 102,066 11,897 104,225 116,122 Community Enrichment General Funds Other Funds Total Community Enrichment 149,223 135,369 284,592 82,007 75,137 157,144 80,276 75,204 155,480 Environmental Services General Funds Other Funds Total Environmental Services 15,401 572,970 588,371 7,924 313,391 321,315 11,638 317,390 329,028 Debt Service General Funds Other Funds Total Debt Service 152,691 152,691 89,067 89,067 78,524 78,524 Capital Improvement General Funds Other Funds Total Capital Improvement 6,779 615,322 622,101 1,553 168,080 169,633 439 147,929 148,368 Contingencies General Funds Other Funds Total Contingencies 46,400 66,800 113,200 Criminal Justice General Funds Other Funds Total Criminal Justice Total Operating General Funds Other Funds Total Operating Budget $ 110,381 22,401 132,782 1,156,539 2,545,759 3,702,298 $ - $ - 25 - 627,181 1,229,815 1,856,996 $ - 623,286 1,196,637 1,819,923 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 January 31 2015 2014 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 General Funds $ 37,566,902 256,795 37,823,697 $ 37,226,611 249,611 Local Taxes: Sales Taxes Privilege License Fees $ 422,024,000 2,239,000 $ 245,197,610 2,003,057 $ 247,010,332 1,893,665 37,476,222 Total Local Taxes 424,263,000 247,200,667 248,903,997 13,759,627 14,519,502 5,194,746 13,173,396 14,598,650 4,660,948 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 137,502,000 174,234,000 55,807,000 79,699,395 101,636,512 33,273,414 75,837,596 102,190,547 30,846,271 33,473,875 32,432,994 367,543,000 214,609,321 208,874,414 6,136,759 6,581,765 Primary Property Tax 140,363,000 78,262,829 76,145,825 186,384 197,275 Licenses and Permits 2,797,000 1,573,809 1,605,588 Cable Communications 9,500,000 4,884,220 2,260,237 Municipal Court: Fines and Forfeitures Court Default Fee 16,225,210 920,000 7,568,215 377,073 8,498,184 389,159 17,145,210 7,945,288 8,887,343 2,436,874 - 828,786 62,181 1,154,772 57,821 890,967 1,212,593 1,303,154 1,228,898 52,325 87,688 438,999 Total State Shared Taxes Total Municipal Court 14,040,100 7,850,244 8,516,332 Library Fees Police 1,017,715 346,055 542,741 559,880 Parks and Recreation 7,304,351 3,754,695 3,911,132 93,756 125,176 Planning and Development 1,314,000 946,303 716,062 373,836 341,786 Street Transportation 4,421,358 2,160,532 2,991,050 4,824,822 81,650 2,963,173 2,453,280 29,728 2,209,831 30,800,000 1,250,000 12,134,508 22,292,649 459,733 8,040,888 17,750,176 395,837 8,208,052 7,869,645 4,692,839 44,184,508 30,793,270 26,354,065 308,726 258,170 1,875,000 1,929,856 1,547,339 72,611 1,630,333 14,490,465 8,757,745 8,745,987 91,461,608 86,825,619 1,050,258,707 611,014,834 600,002,112 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 January 31 2015 2014 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds $ 1,905,119 136,080 680,399 19,847 $ 1,987,347 141,953 709,766 10,007 2,741,445 2,849,073 5,448,667 1,759,224 (3,801) 5,623,011 1,798,610 (9,858) 7,204,090 7,411,763 2,758,825 2,864,223 314,342 159,921 (397) 128,620 390,951 4,873 182,636 (3,837) 10,492 602,486 585,115 10,883,371 2,453,787 10,074,831 4,242,728 13,337,158 14,317,559 - - Neighborhood Protection: Police Neighborhood Protection Police Blockwatch Fire Neighborhood Protection Interest/Other $ Total Neighborhood Protection Public Safety Enhancement & Expansion: Police Fire Interest/Other Total Public Safety Enhancement & Expansion Parks and Preserves Golf Courses: Fees Coffee Shops Concessions Interest Other Total Golf Courses Transit 2000: Sales Taxes Interest/Other Total Transit 2000 Court Awards 20,189,000 1,442,000 7,210,000 218,000 $ 11,453,216 818,087 4,090,434 180,733 $ 12,207,428 871,959 4,359,795 209,266 29,059,000 16,542,470 17,648,448 62,313,000 21,442,000 (104,000) 36,410,214 12,815,579 (29,546) 37,902,665 13,105,528 (81,375) 83,651,000 49,196,247 50,926,818 29,047,226 16,579,608 17,672,508 3,846,510 83,321 1,950,222 (54,000) 148,480 1,599,542 82 1,054,385 (1,533) 179,684 1,815,661 46,277 1,076,515 (22,573) 23,396 5,974,533 2,832,160 2,939,276 115,364,000 53,263,814 65,298,380 31,020,456 62,787,897 30,696,800 168,627,814 96,318,836 93,484,697 5,263,216 3,173,994 7,774,164 4,338,726 3,522,702 Planning and Development 43,496,000 34,276,412 28,694,743 1,084,237 1,056,564 Capital Construction 14,012,000 7,739,861 8,471,608 1,093,103 13,837 982,606 11,455 Sports Facilities: Sales Taxes Interest/Other 16,342,000 280,000 8,211,286 3,562,398 7,463,356 203,794 1,106,940 994,061 16,622,000 11,773,684 7,667,150 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended January 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 9,606,907 50,329 177,999 8,968,831 32,771 7,283 9,835,235 9,008,885 2,918,055 3,038,003 Regional Transit Revenues 1,284,384 1,270,120 Community Reinvestment 2,956,784 (1,721,143) 523,762 5,543,831 126,010 $ 620,497 5,723,817 246,094 6,193,603 6,590,408 3,391,483 4,560,345 1,789,852 870,614 3,404,484 2,251,664 1,801,419 2,741,256 10,612,294 10,198,823 16,805,897 16,789,231 2,130,789 4 2,287,178 - 2,130,793 2,287,178 69,105,055 64,273,334 Total Highway User Revenue Other Restricted Fees Grants: Public Housing: Rentals Grants Other $ Total Public Housing 108,137,000 200,000 150,000 63,363,917 341,205 274,213 60,441,227 194,172 158,755 108,487,000 63,979,335 60,794,154 42,546,216 22,933,405 17,916,085 4,591,794 3,870,758 3,700,306 46,194,608 24,604,641 15,470,974 6,619,873 80,121,266 5,260,812 $ 3,811,158 39,605,717 2,509,617 $ 3,923,609 37,865,360 1,214,931 92,001,951 45,926,492 43,003,900 42,424,057 65,915,793 32,391,902 52,175,518 21,908,205 10,639,660 10,558,197 18,330,626 17,766,263 7,457,245 12,008,234 19,331,144 Total Other 192,907,270 61,436,688 56,562,886 Total Grants 284,909,221 107,363,180 99,566,786 50,079,674 4,716,600 27,954,050 2,371,129 27,217,789 2,358,293 54,796,274 30,325,179 29,576,082 937,277,902 491,509,770 462,303,799 135,770,000 187,031,400 800,000 3,417,000 2,137,600 3,034,600 - 57,635,375 135,066,122 943,961 (44,525) 1,336,586 1,701,261 315,658 59,982,723 127,075,759 380,772 1,568,766 1,295,394 1,361,023 199,078 332,190,600 196,954,438 191,863,515 Other: Human Resources Federal Transit Administration Community Development Other G.O. Bond/Secondary Property Tax Secondary Property Tax Interest Total G.O. Bond/Secondary Property Tax Total Special Revenue and Debt Service Funds Enterprise Funds AVIATION: 8,640,867 19,056,444 147,112 420,514 204,363 245,388 73,814 8,977,997 17,681,969 53,539 1,084,514 194,752 (109,816) 34,240 28,788,502 27,917,195 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 January 31 2015 2014 Budget Estimate 2015-16 Source Actual Year-to-Date 2014-15 2015-16 Enterprise Funds (Cont'd) CONVENTION CENTER: 3,646,663 999,971 31,870 3,535,989 1,741,526 20,452 4,678,504 5,297,967 Excise Taxes Operating Revenue Interest Total Convention Center 48,129,000 16,207,596 222,900 24,057,574 9,113,769 213,362 24,543,385 8,998,028 155,372 64,559,496 33,384,705 33,696,785 WATER SYSTEM: $ 19,952,526 473,756 375,114 257,346 571,500 288,729 540,721 $ 22,459,692 19,392,849 468,696 246,100 331,690 92,100 296,553 203,400 21,031,388 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 $ 228,403,221 3,179,774 3,806,041 3,339,278 2,056,020 1,391,117 2,070,000 $ 221,788,322 3,015,324 2,766,292 3,729,596 1,224,000 1,572,657 1,799,774 411,108,000 244,245,451 235,895,965 185,139,000 17,512,000 2,600,000 1,528,000 10,383,000 108,382,847 11,664,680 1,981,530 981,435 6,463,248 106,365,294 11,169,553 1,158,780 852,628 7,376,796 217,162,000 129,473,740 126,923,051 129,254,000 8,337,000 290,000 11,444,815 75,011,658 4,799,494 370,489 5,405,357 74,599,910 4,798,965 299,807 7,352,649 149,325,815 85,586,998 87,051,331 1,174,345,911 689,645,332 675,430,647 WASTEWATER: 15,594,440 1,689,550 559,080 198,951 1,341,546 15,174,099 1,588,944 87,300 165,075 1,167,542 19,383,567 18,182,960 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,734,059 556,678 57,860 247,175 10,710,106 674,541 50,607 385,360 11,595,772 11,820,614 86,906,037 84,250,124 247,472,700 $ 235,349,077 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds $ Total Operating Revenues - 29 - 3,161,882,520 $ 1,792,169,936 $ 1,737,736,558 Citywide Operating Expenditures by Program For the Month Ended January 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 $ 112,940 $ 243,969 286,366 346,746 38,631 187,606 201,193 1,924,770 263,185 488,972 1,444 1,086,750 48,719 44,451 (237,878) 7,421 238,062 1,486,287 191,290 122,740 194,616 304,011 2,838,223 47,964 190,862 245,829 1,350,130 191,177 242,515 519 810,571 128,190 5,940 272,159 2,305,776 148,628 6,960,924 9,399,850 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 11,019,312 386,116 776,044 83,752 3,057,102 33,344,271 5,003,748 $ 862,329 1,823,968 2,011,075 19,606,405 547,570 1,180,108 1,569,006 11,260,970 1,336,837 2,421,860 867,759 5,926,314 361,889 298,333 212,477 57,807 1,761,181 16,407,793 2,005,913 $ 900,965 1,882,627 1,993,322 18,633,217 614,728 1,344,304 1,687,007 11,274,457 1,595,331 1,928,290 681,908 6,210,504 1,057,337 16,964 1,776,069 12,459,986 1,916,369 $ 862,329 1,823,968 2,011,075 18,687,244 547,570 1,180,108 1,569,006 11,260,970 1,336,837 2,421,860 867,759 5,475,201 361,889 298,333 212,477 57,807 1,761,181 16,216,445 2,005,913 $ 919,161 451,113 191,348 - 132,782,108 70,519,594 65,973,385 68,957,972 1,561,622 40,705,536 5,081,389 - 20,108,497 4,500,095 - 20,764,175 2,873,941 - 16,132,104 4,500,095 - 3,976,393 - 45,786,925 24,608,592 23,638,116 20,632,199 3,976,393 572,946,395 312,745,803 649,646 336,186,684 172,944,572 560,835 325,948,265 170,802,801 314,001 332,444,792 170,855,844 560,835 3,741,892 2,088,728 - 886,341,844 509,692,091 497,065,067 503,861,471 5,830,620 Criminal Justice 2,663,678 113,181 - 2,719,199 393,926 - 2,776,859 3,113,125 Municipal Court Public Defender Other Total Criminal Justice Public Safety 42,026,836 24,424,632 (28,230) 46,133,930 23,516,590 80,331 66,423,238 69,730,851 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended January 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 $ 4,313,074 1,682,098 26,846,009 8,857,352 41,698,533 $ 4,260,591 906,118 20,524,865 7,477,519 33,169,093 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 59,861,424 11,600,881 299,431,808 273,499,047 $ 31,306,861 6,618,823 165,278,771 209,745,693 $ 33,075,120 6,630,021 159,353,579 206,665,277 $ 31,235,238 6,618,823 135,313,320 179,730,462 $ 71,623 29,965,451 30,015,231 644,393,160 412,950,148 405,723,997 352,897,843 60,052,305 Community Development 2,989,833 6,834,197 1,863,784 2,109,977 2,865,441 6,389,552 2,090,098 2,675,980 Planning and Development Housing Economic Development Neighborhood Services Department 46,257,918 89,698,083 40,245,071 55,837,775 22,940,089 48,486,261 15,041,995 15,597,840 23,151,515 46,634,619 25,809,358 20,526,181 22,940,089 48,443,081 11,233,759 15,597,840 43,180 3,808,236 - 13,797,791 14,021,071 Total Community Development 232,038,847 102,066,185 116,121,673 98,214,769 3,851,416 101,188,842 35,777,708 5,825,781 60,133,639 11,544,369 62,029,657 4,123,444 3,968,465 54,599,463 20,388,766 3,703,629 32,515,934 6,574,651 34,779,876 2,294,661 2,286,630 54,341,742 20,062,032 4,058,958 37,020,349 6,447,745 30,349,343 2,065,077 1,134,925 53,552,362 20,388,766 3,703,629 20,659,240 34,631,888 2,294,661 2,286,630 1,047,101 11,856,694 6,574,651 147,988 - 284,591,905 157,143,610 155,480,171 137,517,176 19,626,434 Community Enrichment 5,947,799 4,291,635 569,605 3,569,339 913,269 4,151,016 229,527 216,955 6,202,079 2,804,723 238,790 3,903,050 920,389 4,323,608 318,935 51,586 19,889,145 18,763,160 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 January 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 $ 20,819,764 10,679,839 8,893,079 3,000,717 103,921 $ 43,497,320 24,035,238 10,204,719 10,502,611 2,745,529 120,958 47,609,055 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 1,019,588 $ 162,804,074 79,016,072 67,718,498 11,523,397 253,997 $ 174,050,552 71,531,311 68,110,273 15,029,675 306,483 $ 106,750,339 39,282,793 59,977,639 7,778,730 253,997 214,043,498 $ 56,053,735 39,733,279 7,740,859 3,744,667 - 588,371,485 321,316,038 329,028,294 107,272,540 197,050 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 17,200,351 114,946 8,503,578 16,567,591 486,005 2,834,597 233,246 7,941,840 1,214,469 3,157,341 4,396,062 821,258 7,318,246 522,142 4,078,392 3,647,793 4,601,662 805,510 8,810,326 2,976,711 3,588 10,031,199 121,811 6,641,927 15,246,289 509,853 3,575,854 399,746 7,011,452 1,180,354 4,297,771 4,495,042 732,543 6,360,090 29,231 5,762,914 2,148,397 1,661,960 126,785 1,599,576 7,012,676 5,147,406 3,707 4,458,326 - 114,946 8,503,578 16,567,591 486,005 2,834,597 233,246 7,941,840 1,214,469 3,157,341 4,396,062 821,258 7,318,246 522,142 4,078,392 3,647,793 4,601,662 805,510 8,810,326 2,976,711 3,588 10,031,199 152,690,696 89,066,502 78,523,710 - 89,066,502 Capital Improvement 622,101,078 169,633,236 148,368,449 - 169,633,236 Contingencies 113,200,000 General Obligation Debt Service 16,421 1,214,797 2,366,798 69,429 404,942 33,321 1,134,549 173,496 451,049 628,009 117,322 1,045,464 74,592 582,627 521,113 657,380 115,073 1,258,618 425,245 513 1,433,028 16,854 942,614 2,178,041 72,836 509,809 56,904 1,000,232 168,622 611,969 640,288 104,352 902,386 4,175 821,194 306,892 237,406 228,481 996,616 733,078 512 632,868 12,723,786 11,166,129 16,866,565 8,261,252 $ 224,634,161 $ 215,233,586 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 - $ 1,856,995,996 $ 1,819,922,862 $ 1,396,124,928 $ 460,871,068 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 1,410,000 7,179,704 207,000 9,394,718 1,261,282 33,094,271 630,000 57,859,078 1,142,650 5,187,406 86,637,476 3,211,245 108,832,538 22,217,690 188,870,997 $ 4,095,622 1,013,702 331,351 177,725 1,054,510 73,252 10,607,099 12,228,796 27,407 155,371 7,051,859 1,892,412 12,868,677 8,450,758 46,418,635 5,536 4,647,804 731,521 5,086,865 260,836 500,483 71,573 3,039,645 14,844 9,952,130 307,608 358,174 10,998,702 463,625 9,148,522 3,414,328 44,133,236 $ 537,667,522 $ 106,447,176 $ 93,135,432 $ $ $ 581,133,400 26,497,700 28,406,275 115,072,491 208,857,755 959,967,621 $ $ 463,674,703 12,518,779 1,154,962 17,557,593 63,603,753 558,509,790 $ 1,497,635,143 $ 664,956,966 From Operating Funds Actual Budget $ $ $ $ 177,048,062 14,963,523 1,703,852 7,027,829 62,190,783 262,934,049 $ 356,069,481 43,899 $ 9,098,553 1,410,000 3,953,728 113,850 7,708,250 15,473,169 30,000 8,191,520 200,000 2,382,633 53,364,858 1,692,088 89,850,676 83,938,163 4,091,734 1,013,702 272,654 97,749 613,133 3,533,897 3,133,858 4,405 77,376 3,611,239 330,644 12,532,875 31,714,902 277,451,387 $ 61,028,168 $ $ 67,168,712 6,048,700 23,564,921 69,311,202 178,556,156 344,649,691 $ 622,101,078 - 33 - 2015-16 Year-to-Date Capital Amounts From Capital Funds Budget Actual $ $ $ $ 39,391,054 590,196 682,743 12,195,786 55,745,289 108,605,068 $ 169,633,236 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 3,888 58,697 79,976 441,377 73,252 7,073,202 9,094,938 23,002 77,995 3,440,620 1,561,768 335,802 8,450,758 14,703,733 260,216,135 $ 45,419,008 $ $ 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 5,317,946 396,298 6,848,353 29,275 8,340,208 1,188,030 22,487,172 630,000 45,630,282 1,115,243 5,032,035 79,585,617 1,318,833 95,963,861 13,766,932 142,452,362 $ 431,220,346 $ $ 424,283,649 11,928,583 472,219 5,361,807 7,858,464 449,904,722 $ 117,458,697 13,978,921 27,251,313 97,514,898 145,254,002 401,457,831 $ 495,323,730 $ 832,678,177 Bonds Authorized and Sold As of January 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 Sept Aug 34,239 34,276 35,589 36,414 35,137 35,822 Sept 33,371 34,254 35,873 35,290 35,079 35,381 Oct Oct 34,746 33,337 35,068 34,621 35,459 35,122 Nov Nov 31,854 33,430 34,363 33,033 34,433 33,824 Dec Jan Dec 31,745 32,504 32,474 35,062 32,783 33,596 Jan 36,385 36,527 40,116 37,227 37,567 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 - Feb YTD thru January 236,215 238,334 249,843 247,010 245,198 247,640 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 Sept Aug 8,683 8,755 9,616 9,712 10,222 10,276 Sept 8,993 9,240 10,012 10,552 11,237 10,843 Oct Nov Oct 9,177 9,229 9,923 10,307 10,688 10,798 Dec Nov 9,083 9,456 9,673 10,295 11,100 10,762 Jan Dec 9,055 9,462 10,296 10,695 11,623 11,042 Feb Jan 11,290 11,986 12,744 13,173 13,760 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 - Mar YTD thru January 65,133 68,036 72,572 75,838 79,699 78,697 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 Aug 3,698 3,982 4,663 5,004 5,133 4,799 Oct Sept 3,842 3,852 3,992 3,749 4,087 4,269 Nov Oct 3,669 3,535 3,912 4,415 4,922 4,296 Dec Nov 3,089 3,582 3,958 4,198 4,291 4,101 Jan Dec 3,781 3,993 3,872 3,857 4,550 4,288 Feb Jan 3,645 3,572 3,936 4,661 5,195 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 - Mar YTD thru January 26,206 27,009 29,084 30,846 33,273 31,297 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 Aug 137,663 123,710 137,320 138,394 155,197 142,177 Sept Sept 121,595 131,313 157,974 133,016 129,829 144,008 Oct Nov Oct 146,785 145,692 143,773 155,801 160,655 156,646 Nov 175,857 188,162 188,461 193,744 195,040 197,375 Dec Dec 166,847 167,796 169,767 162,290 172,648 176,410 Jan Jan 160,819 160,895 153,911 151,099 160,567 165,883 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 - Feb YTD thru January 996,384 1,034,638 1,076,917 1,062,306 1,102,525 1,103,427 Mar Feb 134,133 134,498 132,551 144,296 144,352 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 Aug 24,404 26,231 22,760 26,594 27,373 24,482 Oct Sept 27,570 28,144 26,677 27,855 28,151 26,994 Nov Oct 26,280 30,124 26,505 26,489 29,050 26,786 Dec Jan Nov 27,849 26,471 26,222 27,610 29,039 26,481 Dec 29,526 28,146 27,171 27,853 25,795 27,594 Feb Jan 27,146 27,054 26,659 27,917 28,789 26,634 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 - Mar YTD thru January 190,402 194,252 187,031 191,864 196,954 186,954 Apr Feb 27,028 27,884 26,561 26,683 26,482 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 Aug 44,616 42,419 42,137 40,684 43,100 45,190 Oct Sept 47,230 42,446 41,144 36,711 42,235 44,356 Nov Oct 35,860 34,197 34,917 30,601 34,778 35,950 Dec Jan Nov 30,215 36,338 34,774 32,130 30,252 34,439 Dec 20,946 25,523 22,327 24,573 24,406 24,059 Feb Jan 19,694 21,738 22,872 21,031 22,460 22,552 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 - Mar YTD thru January 247,146 282,078 247,188 235,896 244,245 258,945 Apr Feb 18,282 18,711 21,185 19,044 20,748 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 Aug 19,339 18,057 18,252 18,520 18,477 18,358 Oct Sept 19,500 17,930 18,224 18,337 21,171 18,244 Nov Oct 19,161 17,684 17,798 17,754 18,058 17,824 Dec Nov 26,283 20,958 20,452 17,529 17,530 19,734 Jan Dec 18,864 17,744 17,763 18,276 18,697 18,007 Feb Jan 26,967 25,337 17,618 18,183 19,384 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 - Mar YTD thru January 148,867 135,258 127,741 126,923 129,474 130,551 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