February 2016 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report February 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 Better than Expected performance status in the table of contents to Public Safety 2 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 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 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 General Fund Total Operating Revenue Page 13 Performance Status Better than Expected Property Tax 14 Better than Expected Local Sales Tax 15 Monitor and Consider Taking Action State Sales Tax 16 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 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. February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 660,838 995,771 66.4% 693,297 1,038,092 66.8% 698,732 1,042,102 67.1% 704,778 1,051,395 67.0% 707,066 1,110,139 63.7% * - 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 February YTD February 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 February 2016, general fund expenditures are 0.3% 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 February have increased less than 2.0% since FY2012-13. General Government 11-12 12-13 13-14 14-15 15-16 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 64,631 98,577 65.6% 64,765 102,211 63.4% 67,617 100,400 67.3% 69,384 96,385 72.0% 71,538 110,381 64.8% * - 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 February YTD Expenditures February 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 February 2016 are 3.1% 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 February 2016, personal service costs are 0.9% higher 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- February General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice Criminal Justice Public Safety February YTD Annual % of Annual Expenditures Expenditures * Expenditures 22,239 33,542 66.3% 22,565 33,453 67.5% 22,091 32,659 67.6% 21,009 31,018 67.7% 21,719 32,623 66.6% 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 $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 February YTD Expenditures February 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 February 2016 are 3.4% 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 434,303 647,049 67.1% 457,858 684,609 66.9% 469,702 699,796 67.1% 474,792 716,304 66.3% 489,816 737,194 66.4% * - 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 February YTD Expenditures February 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 February 2016 are 3.2% higher than the prior year. The fiscal year 2015-16 budget includes a 2.9% increase over fiscal year 2014-15 actuals. - 2- February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 25,135 39,161 64.2% 25,849 38,161 67.7% 20,828 29,713 70.1% 23,851 34,187 69.8% 10,436 37,162 28.1% * - 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 February YTD Expenditures February 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 February 2016 are 56.2% lower than the same period in the prior year. The fiscal year 2015-16 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 12,841 19,393 66.2% 13,310 19,927 66.8% 13,684 20,210 67.7% 12,892 18,986 67.9% 12,692 21,376 59.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 February FebruaryYTD 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 February 2016 with a 1.6% 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 February 2016, both personal and contractual services are lower than the February 2015 year to date totals. Fiscal year 2014-15 general fund community development expenditures were lower than the previous four years. -3- February General Fund YTD Expenditures (Dollars in Thousands) Community Enrichment 11-12 12-13 13-14 14-15 15-16 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 90,135 140,026 64.4% 94,992 141,209 67.3% 94,806 143,665 66.0% 90,592 138,024 65.6% 91,777 149,223 61.5% * - 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 FebruaryYTD YTD February 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 February 2016 with a 1.3% 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 February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 9,708 15,723 61.7% 12,157 15,353 79.2% 9,274 13,748 67.5% 11,583 15,082 76.8% 7,585 15,401 49.3% * - 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 February 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 February 2016 are 34.5% 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. February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 2,007,116 2,985,410 67.2% 2,069,439 3,123,865 66.2% 2,035,798 3,054,098 66.7% 2,022,852 3,051,875 66.3% 2,073,930 3,589,098 57.8% * - 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 February YTD February 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 February 2016 are better than expected with an increase of 2.5% over the same period in the prior year. General Government 11-12 12-13 13-14 14-15 15-16 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 72,109 109,658 65.8% 73,449 114,015 64.4% 77,942 114,235 68.2% 77,269 108,690 71.1% 80,324 132,782 60.5% * - 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 February YTD Expenditures February 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 4.0% through February 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- February Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice February YTD Annual % of Annual Expenditures Expenditures * Expenditures 24,207 36,305 66.7% 27,855 41,290 67.5% 27,521 40,697 67.6% 26,542 39,265 67.6% 27,337 45,787 59.7% 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 February YTD Expenditures February 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 3.0% higher through February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 538,392 803,367 67.0% 562,475 842,387 66.8% 565,460 842,270 67.1% 561,068 841,816 66.6% 579,551 886,342 65.4% * - 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 February YTD Expenditures February 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 February 2016 with expenditures 3.3% higher than the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 5.3%. -6- February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 429,550 584,429 73.5% 432,571 582,381 74.3% 435,821 573,025 76.1% 436,530 582,486 74.9% 444,364 644,393 69.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $700,000 $600,000 February YTD Expenditures February 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 February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 128,546 192,133 66.9% 147,334 209,403 70.4% 136,062 194,542 69.9% 130,273 188,670 69.0% 115,620 232,039 49.8% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 FebruaryYTD YTD February 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 February 2016 of 11.2% 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- February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 178,679 272,353 65.6% 181,006 273,110 66.3% 180,457 272,326 66.3% 174,211 259,944 67.0% 178,360 284,592 62.7% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $300,000 FebruaryYTD YTD February 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 February 2016 of 2.4% 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 363,819 549,628 66.2% 379,741 564,051 67.3% 383,537 577,118 66.5% 361,325 545,198 66.3% 363,671 588,371 61.8% * - 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 FebruaryYTD YTD February 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 an increase through February 2016 of 0.6% over the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 7.9%. -8- February 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 February YTD Annual % of Annual Expenditures Expenditures * Expenditures 112,893 157,298 71.8% 91,670 137,208 66.8% 67,188 100,524 66.8% 89,798 134,594 66.7% 101,790 152,691 66.7% * - 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 FebruaryYTD YTD February 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 February 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 $ 118,855 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 February 2016 over $39 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 $ 482,148 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 February 2016. 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) $ 14,376 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 $ 27,324 $20,000 $30,000 15-16 (YTD) $ 1,539 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) $ 20,283 Wastewater Capital funds were used to pay $25 million, $50 million and $25 million of commercial paper in fiscal years 2011-12, 2012-13 and 2013-14 respectively. In fiscal year 12-13 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 $ 209,940 $100,000 $150,000 15-16 (YTD) $ 65,592 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 of which nearly $24 million has been spent or committed through February 2016. - 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 Feb 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 Feb YTD Actuals 608,256 632,174 666,704 677,195 685,349 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 64.1% 64.4% 65.0% 64.6% 65.3% * - 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 February 2016 are 1.2% 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 28,941 128,054 140,363 Primary 81,092 11-12 FY 11-12 12-13 13-14 14-15 15-16 YTD 15-16 budget Total 222,488 194,112 179,136 187,811 110,031 190,443 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 3,815 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 February 2016, property tax revenues are 2.3% 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 Monitor and Consider Taking Action Local sales tax revenues through February 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 February 2016, local sales tax revenues are 1.2% 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 Expected State shared sales tax revenues through February 2016 are 0.7% 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. Through February 2016 state shared sales tax revenues are 4.6% higher than the same period in the prior year. 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 February 2016 are 6.0% 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 February 2016, state shared vehicle license tax revenues are 7.1% 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 February 2016 are 0.3% 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. Through February 2016 governmental funds revenues are 3.1% higher than the same period in FY2014-15. 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 February 2016 are better than expected at 5.0% 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 were 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 February 2016, aviation operating revenues are 2.5% 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 February 2016 are 5.8% 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 February 2016 are 3.3% 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 February 2016 are 0.4% 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 February 29 (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 $ 277,990 2,138 $ 281,442 2,057 137,502 174,234 55,807 140,363 2,797 9,500 90,075 116,156 38,298 81,092 1,793 4,941 86,082 116,789 35,767 78,340 1,763 4,464 16,225 920 14,040 1,018 7,304 1,314 4,421 9,009 552 9,054 405 4,477 1,039 2,768 10,051 498 9,848 630 4,360 813 3,116 30,800 13,385 1,875 14,491 24,055 8,855 2,204 10,448 20,675 8,866 1,752 9,882 1,050,259 $ 685,349 $ 677,195 General Fund Expenditures As of February 29 (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 2,445 110,381 970 $ 2,085 2,158 21,196 1,105 1,426 12,118 1,585 2,631 5,888 2,010 16,038 2,328 71,538 1,012 2,141 2,258 22,831 1,277 1,580 11,791 1,758 2,105 5,986 2,023 12,118 2,504 69,384 27,542 5,081 32,623 17,082 4,637 21,719 17,740 3,269 21,009 477,614 259,566 14 737,194 321,673 167,800 343 489,816 308,082 166,588 122 474,792 Transportation Street Transportation Public Transit Total Transportation 19,222 17,940 37,162 8,767 1,669 10,436 11,432 12,419 23,851 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,629 12,362 4,331 54 21,376 2,959 7,046 2,654 33 12,692 2,983 7,168 2,709 32 12,892 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 90,558 35,281 18,171 5,213 149,223 55,932 22,209 10,314 3,322 91,777 55,814 22,037 10,751 1,990 90,592 Environmental Services Public Works Environmental Programs Total Environmental Services 14,835 566 15,401 7,333 252 7,585 11,164 419 11,583 6,779 1,503 675 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 - $ $ 707,066 $ 704,778 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 February 29 (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 $ 281,442 2,057 86,082 116,789 35,767 78,340 1,763 4,464 10,549 9,848 630 4,360 813 3,116 29,541 1,752 9,882 1,050,259 685,349 677,195 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 18,932 55,776 18,918 3,648 116,570 3,174 38,539 8,845 13,422 73,328 26,210 3,977 24,692 121,694 31,312 20,140 57,929 20,180 3,678 107,183 7,774 32,111 9,845 9,546 69,980 20,636 3,684 19,892 116,489 30,340 937,278 559,037 529,407 332,191 64,559 411,108 217,162 149,326 224,116 39,026 263,424 147,859 98,168 218,547 39,621 254,939 144,883 99,229 1,174,346 772,593 757,219 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 277,990 2,138 90,075 116,156 38,298 81,092 1,793 4,941 9,561 9,054 405 4,477 1,039 2,768 32,910 2,204 10,448 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 2050 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 - $ 2,016,979 $ 1,963,821 Citywide Operating Expenditures As of February 29 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2015-16 2014-15 Budget 2015-16 $ 71,538 $ 8,786 80,324 69,384 7,884 77,268 32,623 13,164 45,787 21,719 5,618 27,337 21,009 5,533 26,542 Public Safety General Funds Other Funds Total Public Safety 737,194 149,148 886,342 489,816 89,735 579,551 474,792 86,276 561,068 Transportation General Funds Other Funds Total Transportation 37,162 607,231 644,393 10,436 433,928 444,364 23,851 412,679 436,530 Community Development General Funds Other Funds Total Community Development 21,376 210,663 232,039 12,692 102,928 115,620 12,892 117,381 130,273 Community Enrichment General Funds Other Funds Total Community Enrichment 149,223 135,369 284,592 91,777 86,583 178,360 90,592 83,619 174,211 Environmental Services General Funds Other Funds Total Environmental Services 15,401 572,970 588,371 7,585 356,086 363,671 11,583 349,742 361,325 Debt Service General Funds Other Funds Total Debt Service 152,691 152,691 101,790 101,790 89,798 89,798 Capital Improvement General Funds Other Funds Total Capital Improvement 6,779 615,322 622,101 1,503 181,410 182,913 675 165,162 165,837 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 - 707,066 1,366,864 2,073,930 $ - 704,778 1,318,074 2,022,852 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 February 29 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 General Funds $ 32,792,835 134,933 32,927,768 $ 34,431,996 163,328 Local Taxes: Sales Taxes Privilege License Fees $ 422,024,000 2,239,000 $ 277,990,445 2,137,990 $ 281,442,328 2,056,993 34,595,324 Total Local Taxes 424,263,000 280,128,435 283,499,321 10,375,381 14,519,501 5,024,429 10,243,985 14,598,649 4,920,342 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 137,502,000 174,234,000 55,807,000 90,074,776 116,156,013 38,297,843 86,081,581 116,789,196 35,766,613 29,919,311 29,762,976 367,543,000 244,528,632 238,637,390 2,828,914 2,193,925 Primary Property Tax 140,363,000 81,091,743 78,339,750 219,432 157,557 Licenses and Permits 2,797,000 1,793,241 1,763,145 56,458 2,204,241 Cable Communications 9,500,000 4,940,678 4,464,478 1,440,497 174,818 1,552,735 108,537 Municipal Court: Fines and Forfeitures Court Default Fee 16,225,210 920,000 9,008,712 551,891 10,050,919 497,696 1,615,315 1,661,272 17,145,210 9,560,603 10,548,615 1,204,104 1,331,768 58,664 87,045 721,938 449,396 93,289 96,641 607,812 124,913 1,762,409 30,299 323,993 2,924,988 117,575 144,847 2,116,701 3,187,410 274,491 204,581 1,690,064 1,136,150 74,334,261 77,193,199 Total State Shared Taxes Total Municipal Court 14,040,100 9,054,348 9,848,100 Library Fees Police 1,017,715 404,719 629,786 Parks and Recreation 7,304,351 4,476,633 4,360,528 Planning and Development 1,314,000 1,039,592 812,703 Street Transportation 4,421,358 2,768,344 3,115,963 30,800,000 1,250,000 12,134,508 24,055,058 490,032 8,364,881 20,675,164 513,412 8,352,899 44,184,508 32,909,971 29,541,475 1,875,000 2,204,347 1,751,920 14,490,465 10,447,809 9,882,137 1,050,258,707 685,349,095 677,195,311 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 February 29 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds $ 1,610,130 115,009 575,046 89,431 $ 1,738,150 124,154 620,769 8,048 2,389,616 2,491,121 4,911,064 1,674,414 (5,571) 5,234,246 1,766,302 1,920 6,579,907 7,002,468 2,337,997 2,507,965 563,917 290,664 (255) (38,472) 478,712 5,130 248,043 (3,165) 9,683 815,854 738,403 15,168,671 5,082,854 9,018,201 4,680,226 20,251,525 13,698,427 - - 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 2050: Sales Taxes Interest/Other Total Transit 2050 Court Awards 20,189,000 1,442,000 7,210,000 218,000 $ 13,063,346 933,096 4,665,480 270,164 $ 13,945,578 996,113 4,980,564 217,314 29,059,000 18,932,086 20,139,569 62,313,000 21,442,000 (104,000) 41,321,278 14,489,993 (35,117) 43,136,911 14,871,830 (79,455) 83,651,000 55,776,154 57,929,286 29,047,226 18,917,605 20,180,473 3,846,510 83,321 1,950,222 (54,000) 148,480 2,163,459 82 1,345,049 (1,788) 141,212 2,294,373 51,407 1,324,558 (25,738) 33,079 5,974,533 3,648,014 3,677,679 115,364,000 53,263,814 80,467,051 36,103,310 71,806,098 35,377,026 168,627,814 116,570,361 107,183,124 5,263,216 3,173,994 7,774,164 4,262,213 3,415,875 Planning and Development 43,496,000 38,538,625 32,110,618 1,105,250 1,373,766 Capital Construction 14,012,000 8,845,111 9,845,374 1,634,767 14,125 1,868,462 10,206 Sports Facilities: Sales Taxes Interest/Other 16,342,000 280,000 9,846,053 3,576,523 9,331,818 214,000 1,648,892 1,878,668 16,622,000 13,422,576 9,545,818 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended February 29 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds (Cont'd) $ 9,297,933 50,653 467 9,142,017 31,592 11,840 9,349,053 9,185,449 3,276,292 2,720,339 105,877 (16,512) 87,241 $ 662,611 5,097,864 419,448 $ Highway User Revenue: Highway User Revenue Interest Other Total Highway User Revenue Regional Transit Revenues Community Reinvestment 4,421,095 Other Restricted Fees 644,175 6,161,277 287,963 Grants: Public Housing: Rentals Grants Other 6,179,923 7,093,415 3,607,429 762,306 46,182 3,734,519 2,563,057 1,665,116 1,046,438 4,554,393 8,150,436 9,829,004 14,330,359 16,922,419 986,572 - 763,684 - 986,572 763,684 67,526,648 67,103,167 $ Total Public Housing 108,137,000 200,000 150,000 72,661,850 391,858 274,680 69,583,244 225,764 170,595 108,487,000 73,328,388 69,979,603 42,546,216 26,209,697 20,636,424 4,591,794 3,976,635 3,683,794 46,194,608 24,691,882 19,892,069 6,619,873 80,121,266 5,260,812 $ 4,473,769 44,703,581 2,929,065 $ 4,567,784 44,026,637 1,502,894 92,001,951 52,106,415 50,097,315 42,424,057 65,915,793 32,391,902 52,175,518 25,515,634 11,401,966 10,604,379 22,065,145 20,329,320 9,122,361 13,054,672 23,885,537 Total Other 192,907,270 69,587,124 66,391,890 Total Grants 284,909,221 121,693,539 116,489,205 50,079,674 4,716,600 28,940,622 2,371,129 27,981,473 2,358,293 54,796,274 31,311,751 30,339,766 937,277,902 559,036,418 529,406,966 135,770,000 187,031,400 800,000 3,417,000 2,137,600 3,034,600 - 66,151,939 152,871,027 1,093,841 210,654 1,524,435 1,920,546 343,353 68,734,084 144,765,376 443,214 1,308,424 1,511,708 1,601,320 182,709 332,190,600 224,115,795 218,546,835 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: 8,516,564 17,804,905 149,880 255,179 187,849 219,285 27,695 8,751,361 17,689,617 62,442 (260,342) 216,314 240,297 (16,369) 27,161,357 26,683,320 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 February 29 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2014-15 2015-16 Enterprise Funds (Cont'd) CONVENTION CENTER: $ 4,202,457 1,409,427 29,748 4,202,667 1,700,285 21,141 5,641,632 5,924,093 Excise Taxes Operating Revenue Interest Total Convention Center 48,129,000 16,207,596 222,900 28,260,031 10,523,196 243,110 28,746,052 10,698,313 176,513 64,559,496 39,026,337 39,620,878 WATER SYSTEM: $ 17,327,154 404,743 468,229 472,767 291,060 195,361 19,307 $ 19,178,621 17,143,409 494,952 374,380 527,667 249,000 188,045 66,056 19,043,509 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 $ 245,730,375 3,584,517 4,274,270 3,812,045 2,347,080 1,586,478 2,089,307 $ 238,931,731 3,510,276 3,140,672 4,257,263 1,473,000 1,760,702 1,865,830 411,108,000 263,424,072 254,939,474 185,139,000 17,512,000 2,600,000 1,528,000 10,383,000 123,854,771 13,376,145 2,248,470 1,125,642 7,253,956 121,512,353 12,755,865 1,381,980 973,093 8,259,369 217,162,000 147,858,984 144,882,660 129,254,000 8,337,000 290,000 11,444,815 85,654,486 5,346,182 429,041 6,738,135 85,298,921 5,318,587 346,774 8,265,050 149,325,815 98,167,844 99,229,332 1,174,345,911 772,593,032 757,219,179 WASTEWATER: 15,471,924 1,711,465 266,940 144,207 790,708 15,147,059 1,586,312 223,200 120,465 882,573 18,385,244 17,959,609 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,642,828 546,688 58,552 1,332,778 10,699,011 519,622 46,967 912,401 12,580,846 12,178,001 82,947,700 81,788,532 224,808,609 $ 226,084,898 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds $ Total Operating Revenues - 29 - 3,161,882,520 $ 2,016,978,545 $ 1,963,821,456 Citywide Operating Expenditures by Program For the Month Ended February 29 2016 2015 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 $ 107,420 261,454 305,821 3,065,640 104,652 153,248 209,050 1,358,234 248,478 208,704 521 1,272,977 49,003 46,502 123,113 6,509 249,027 1,409,813 624,037 9,804,203 $ 110,731 258,863 410,280 5,755,283 55,647 173,424 145,294 1,170,503 163,237 176,516 2,952 779,903 86,698 5,472 247,095 1,452,716 300,583 11,295,197 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 $ 969,749 2,085,422 2,316,896 22,672,045 652,222 1,333,356 1,778,056 12,619,204 1,585,315 2,630,564 868,280 7,199,291 410,892 344,835 335,590 64,316 2,010,208 17,817,606 2,629,950 $ 1,011,696 2,141,490 2,403,602 24,388,500 670,375 1,517,728 1,832,301 12,444,960 1,758,568 2,104,806 684,860 6,990,407 1,144,035 22,436 2,023,164 13,912,702 2,216,952 $ 969,749 2,085,422 2,316,896 21,621,576 652,222 1,333,356 1,778,056 12,619,204 1,585,315 2,630,564 868,280 6,683,733 410,892 344,835 335,590 64,316 2,010,208 17,598,922 2,629,950 $ 1,050,469 515,558 218,684 - 132,782,108 80,323,797 77,268,582 78,539,086 1,784,711 40,705,536 5,081,389 - 22,700,742 4,636,593 - 23,273,653 3,268,633 - 18,156,473 4,636,593 - 4,544,269 - 45,786,925 27,337,335 26,542,286 22,793,066 4,544,269 572,946,395 312,745,803 649,646 380,526,611 198,305,762 718,123 368,107,453 192,457,665 503,450 376,250,578 195,918,876 718,123 4,276,033 2,386,886 - 886,341,844 579,550,496 561,068,568 572,887,577 6,662,919 Criminal Justice 2,592,245 136,498 - 2,509,478 394,692 - 2,728,743 2,904,170 Municipal Court Public Defender Other Total Criminal Justice Public Safety 44,339,927 25,361,190 157,288 42,159,188 21,654,864 189,449 69,858,405 64,003,501 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended February 29 2016 2015 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 $ 4,152,840 904,277 20,244,416 6,112,721 31,414,254 $ 4,486,461 916,635 19,190,790 6,211,939 30,805,825 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 59,861,424 11,600,881 299,431,808 273,499,047 $ 35,459,701 7,523,100 185,523,187 215,858,414 $ 37,561,581 7,546,656 178,544,369 212,877,216 $ 35,377,846 7,523,100 150,798,153 180,842,006 $ 81,855 34,725,034 35,016,408 644,393,160 444,364,402 436,529,822 374,541,105 69,823,297 Community Development 2,927,623 6,565,556 2,002,307 2,058,100 2,964,617 6,397,536 2,057,260 2,731,745 Planning and Development Housing Economic Development Neighborhood Services Department 46,257,918 89,698,083 40,245,071 55,837,775 25,867,712 55,051,817 17,044,302 17,655,940 26,116,132 53,032,155 27,866,618 23,257,926 25,867,712 55,002,926 12,951,557 17,655,940 48,891 4,092,745 - 13,553,586 14,151,158 Total Community Development 232,038,847 115,619,771 130,272,831 111,478,135 4,141,636 101,188,842 35,777,708 5,825,781 60,133,639 11,544,369 62,029,657 4,123,444 3,968,465 60,889,012 22,596,267 4,191,842 37,849,157 7,487,920 40,334,098 2,532,214 2,479,234 61,025,532 22,400,354 4,255,776 40,655,442 7,368,133 34,874,421 2,413,876 1,217,552 59,692,326 22,596,267 4,191,842 24,561,790 40,164,969 2,532,214 2,479,234 1,196,686 13,287,367 7,487,920 169,129 - 284,591,905 178,359,744 174,211,086 156,218,642 22,141,102 Community Enrichment 6,289,549 2,207,501 488,213 5,333,223 913,269 5,554,222 237,553 192,604 6,683,790 2,338,322 196,818 3,635,093 920,388 4,525,078 348,799 82,627 21,216,134 18,730,915 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 February 29 2016 2015 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 $ 19,150,922 12,365,590 10,578,059 154,177 105,810 $ 42,354,558 9,911,543 9,321,627 12,493,295 434,871 135,265 32,296,601 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 $ 181,954,996 91,381,662 78,296,557 11,677,574 359,807 $ 183,962,095 80,852,938 80,603,568 15,464,546 441,748 $ 117,894,613 45,970,657 69,493,715 7,398,623 359,807 241,117,415 $ 64,060,383 45,411,005 8,802,842 4,278,951 - 588,371,485 363,670,596 361,324,895 122,553,181 197,050 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 17,200,351 131,367 9,718,375 18,934,390 555,434 3,239,539 266,567 9,076,388 1,387,964 3,608,390 5,024,071 938,581 8,363,709 596,733 4,661,019 4,168,907 5,259,043 20 920,583 10,068,944 3,401,955 4,100 11,464,228 138,665 7,584,540 17,424,331 582,690 4,085,663 456,650 8,011,685 1,348,976 4,909,741 5,135,330 836,895 7,262,476 33,406 6,584,108 2,455,289 1,899,365 126,785 1,828,057 8,009,292 5,880,483 4,220 5,198,920 - 131,367 9,718,375 18,934,390 555,434 3,239,539 266,567 9,076,388 1,387,964 3,608,390 5,024,071 938,581 8,363,709 596,733 4,661,019 4,168,907 5,259,043 20 920,583 10,068,944 3,401,955 4,100 11,464,228 152,690,696 101,790,307 89,797,567 - 101,790,307 Capital Improvement 622,101,078 182,913,314 165,836,594 - 182,913,314 Contingencies 113,200,000 General Obligation Debt Service 16,421 1,214,797 2,366,799 69,429 404,942 33,321 1,134,548 173,495 451,049 628,009 117,323 1,045,463 74,591 582,627 521,114 657,381 20 115,073 1,258,618 425,244 512 1,433,029 16,854 942,613 2,178,042 72,837 509,809 56,904 1,000,233 168,622 611,970 640,288 104,352 902,386 4,175 821,194 306,892 237,405 228,481 996,616 733,077 513 740,594 12,723,805 11,273,857 13,280,078 17,468,145 $ 216,933,766 $ 202,929,369 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 - $ 2,073,929,762 $ 2,022,852,231 $ 1,557,575,026 $ 516,354,736 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 $ 3,891,891 1,057,514 333,379 203,195 1,175,262 175,737 12,715,490 14,132,328 32,843 186,918 11,515,744 3,166,488 13,725,568 7,915,255 48,627,551 5,610 4,659,311 763,213 5,410,145 264,619 580,184 76,099 3,317,497 15,144 10,465,549 307,623 394,019 11,176,403 436,106 15,074,037 3,414,438 54,894,685 $ 537,667,522 $ 118,855,163 $ 111,254,682 $ $ $ 581,133,400 26,497,700 27,324,475 115,072,491 209,939,555 959,967,621 $ $ 482,147,896 14,375,702 1,538,908 20,283,112 65,592,057 583,937,675 $ 1,497,635,143 $ 702,792,838 From Operating Funds Actual Budget $ $ $ $ 190,664,669 16,705,085 1,744,442 11,259,636 66,205,504 286,579,336 $ 397,834,018 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 3,888,003 1,057,514 272,812 111,757 767,979 3,859,612 3,711,500 9,195 103,274 8,055,873 330,829 13,140,573 32,609,432 277,451,387 $ 67,918,353 $ $ 67,168,712 6,048,700 22,483,121 69,311,202 179,637,956 344,649,691 $ 622,101,078 - 33 - 2015-16 Year-to-Date Capital Amounts From Capital Funds Budget Actual $ $ $ $ 40,959,472 743,035 1,058,623 14,525,342 57,708,489 114,994,961 $ 182,913,314 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 60,567 91,438 407,283 175,737 8,855,878 10,420,828 23,648 83,644 3,459,871 2,835,659 584,995 7,915,255 16,018,119 260,216,135 $ 50,936,810 $ $ 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 5,521,677 352,486 6,846,325 3,805 8,219,456 1,085,545 20,378,781 630,000 43,726,750 1,109,807 5,000,488 75,121,732 44,757 95,106,970 14,302,435 140,243,446 $ 418,812,359 $ $ 441,188,424 13,632,667 480,285 5,757,770 7,883,568 468,942,714 $ 98,985,504 12,121,998 25,785,567 94,789,379 144,347,498 376,029,946 $ 519,879,524 $ 794,842,305 Bonds Authorized and Sold As of February 29 (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 Feb 31,532 32,542 32,084 34,432 32,793 33,292 Mar YTD thru February 267,748 270,876 281,928 281,442 277,990 280,932 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 Feb 8,572 9,270 10,430 10,244 10,375 10,765 Apr YTD thru February 73,705 77,305 83,001 86,082 90,075 89,462 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 Feb 3,620 4,141 4,799 4,920 5,024 4,835 Apr YTD thru February 29,826 31,149 33,883 35,767 38,298 36,132 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 Feb 134,133 134,498 132,551 144,296 141,861 144,352 Mar YTD thru February 1,130,517 1,169,135 1,209,468 1,206,602 1,244,386 1,247,779 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 Feb 27,028 27,884 26,561 26,683 27,161 26,482 Apr YTD thru February 217,431 222,136 213,592 218,547 224,116 213,436 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 Feb 18,282 18,711 21,185 19,044 19,179 20,748 Apr YTD thru February 265,428 300,789 268,373 254,939 263,424 279,693 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 Feb 16,038 17,663 18,058 17,960 18,385 17,973 Apr YTD thru February 164,906 152,921 145,800 144,883 147,859 148,524 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