March 2016 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report March 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 Monitor and Consider Taking Action 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 Expected Performance Status Better than Expected - Positive variance of 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 General Fund Total Operating Revenue 13 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 Better than 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. March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 740,991 995,771 74.4% 775,698 1,038,092 74.7% 779,487 1,042,102 74.8% 786,164 1,051,395 74.8% 801,377 1,110,139 72.2% * - 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 March YTD March 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 March 2016, general fund expenditures are 1.9% higher than through March 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 March have increased 3.3% since FY2012-13. General Government 11-12 12-13 13-14 14-15 15-16 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 72,484 98,577 73.5% 73,840 102,211 72.2% 75,267 100,400 75.0% 75,375 96,385 78.2% 81,469 110,381 73.8% * - 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 March YTD Expenditures March 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 March 2016 are 8.1% 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 March 2016, personal service costs are 1.8% 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- March General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice March YTD Annual % of Annual Expenditures Expenditures * Expenditures 24,901 33,542 74.2% 25,192 33,453 75.3% 24,583 32,659 75.3% 23,401 31,018 75.4% 23,988 32,623 73.5% 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 Criminal Justice Public Safety $40,000 $40,000 $35,000 $35,000 $30,000 $30,000 $25,000 $25,000 $20,000 $20,000 $15,000 $15,000 $10,000 $5,000 $10,000 $0 $5,000 March YTD Expenditures March 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 March 2016 are 2.5% 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 486,915 647,049 75.3% 513,098 684,609 74.9% 524,479 699,796 74.9% 532,706 716,304 74.4% 556,973 737,194 75.6% * - For prior years-total actual expenditures, for current year-total approved budget Monitor and Consider Taking Action $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 March YTD Expenditures March 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. While the fiscal year 2015-16 budget includes a 2.9% increase over fiscal year 2014-15 actuals, general fund public safety expenditures through March 2016 are 4.6% higher than the prior year. The increase is primarily due to higher than expected police overtime costs. - 2- March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 28,050 39,161 71.6% 28,766 38,161 75.4% 22,600 29,713 76.1% 26,630 34,187 77.9% 11,871 37,162 31.9% * - 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 March YTD Expenditures March 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 March 2016 are 55.4% 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 14,326 19,393 73.9% 14,790 19,927 74.2% 15,327 20,210 75.8% 14,404 18,986 75.9% 14,187 21,376 66.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 March MarchYTD 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 March 2016 with a 1.5% 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 March 2016, both personal and contractual services are lower than the March 2015 year to date totals. Fiscal year 2014-15 general fund community development expenditures were lower than the previous four years. -3- March General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 11-12 12-13 13-14 14-15 15-16 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 101,262 140,026 72.3% 103,925 141,209 73.6% 105,316 143,665 73.3% 100,480 138,024 72.8% 102,536 149,223 68.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Environmental Services Community Enrichment $160,000 $160,000 $140,000 $140,000 $120,000 $120,000 $100,000 $100,000 $80,000 $80,000 $60,000 $60,000 $40,000 $40,000 $20,000 $20,000 $0 $0 11-12 12-13 11-12 MarchYTD YTD March 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 March 2016 with a 2.0% 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 budgeted increase is primarily due to personal services, however, personal service expenditures through March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 11,094 15,723 70.6% 13,693 15,353 89.2% 11,136 13,748 81.0% 12,179 15,082 80.8% 8,796 15,401 57.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 March 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 March 2016 are 27.8% lower than the prior year. The decrease is primarily due to decreases in fuel costs and personal service 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. March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 2,234,416 2,985,410 74.8% 2,315,329 3,123,865 74.1% 2,268,910 3,054,098 74.3% 2,271,269 3,051,875 74.4% 2,324,035 3,589,098 64.8% * - 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 March YTD March 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 March 2016 are better than expected with an increase of 2.3% over the same period in the prior year. General Government 11-12 12-13 13-14 14-15 15-16 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 82,178 109,658 74.9% 83,913 114,015 73.6% 86,921 114,235 76.1% 85,317 108,690 78.5% 93,370 132,782 70.3% * - 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 March YTD Expenditures March 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 9.4% through March 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- March Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice March YTD Annual % of Annual Expenditures Expenditures * Expenditures 27,132 36,305 74.7% 31,115 41,290 75.4% 30,645 40,697 75.3% 29,608 39,265 75.4% 30,294 45,787 66.2% 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 March YTD Expenditures March 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 2.3% higher through March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 603,796 803,367 75.2% 630,268 842,387 74.8% 632,330 842,270 75.1% 629,307 841,816 74.8% 657,781 886,342 74.2% * - For prior years-total actual expenditures, for current year-total approved budget 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 March YTD Expenditures March 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 through March 2016 are 4.5% higher than the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 5.3%. -6- March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 467,058 584,429 79.9% 473,417 582,381 81.3% 470,357 573,025 82.1% 472,717 582,486 81.2% 481,522 644,393 74.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $700,000 $600,000 March YTD Expenditures March 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 1.9% through March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 143,001 192,133 74.4% 162,433 209,403 77.6% 149,893 194,542 77.0% 144,003 188,670 76.3% 130,348 232,039 56.2% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 MarchYTD YTD March 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 March 2016 of 9.5% 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- March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 200,144 272,353 73.5% 199,935 273,110 73.2% 200,416 272,326 73.6% 194,377 259,944 74.8% 202,851 284,592 71.3% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $300,000 MarchYTD YTD March 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 March 2016 of 4.4% 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 407,000 549,628 74.1% 424,016 564,051 75.2% 429,360 577,118 74.4% 405,627 545,198 74.4% 412,098 588,371 70.0% * - 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 MarchYTD YTD March 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 March 2016 of 1.6% over the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 7.9%. -8- March 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 March YTD Annual % of Annual Expenditures Expenditures * Expenditures 126,968 157,298 80.7% 103,054 137,208 75.1% 75,587 100,524 75.2% 101,104 134,594 75.1% 114,514 152,691 75.0% * - 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 MarchYTD YTD March 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 March 2016 with an increase of 13.3% 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 $ 128,404 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 March 2016 over $40 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 $ 488,796 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 March 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) $ 16,902 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) $ 4,192 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) $ 23,160 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) $ 68,675 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 over $24 million has been spent or committed through March 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 Mar 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 Mar YTD Actuals 679,655 703,922 742,923 757,677 762,700 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 71.7% 71.8% 72.4% 72.3% 72.6% * - For prior years - total actual revenues, for current year - total approved budget Expected Fiscal year 2015-16 general fund operating revenues are budgeted to increase 0.2% over prior year actuals. Actual revenues through March 2016 are 0.7% higher than the same period in the prior year. Specific revenue sources are discussed on the following pages. - 13 - Property Taxes (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Property Taxes Primary & Secondary 250,000 200,000 Secondary 94,436 150,000 62,012 35,204 49,567 132,101 143,931 138,243 50,080 30,463 100,000 50,000 128,054 140,363 Primary 85,348 11-12 FY 11-12 12-13 13-14 14-15 15-16 YTD 15-16 budget Total 222,488 194,112 179,136 187,811 115,810 190,443 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 5,779 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 March 2016, property tax revenues are 2.0% 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 March 2016 are 1.1% 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 13-14 Actuals 25,000 14-15 Actuals 20,000 15-16 Actuals 15,000 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Through March 2016, local sales tax revenues are 1.7% 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 Expected State shared sales tax revenues through March 2016 are 0.3% 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. Through March 2016 state shared sales tax revenues are 4.4% 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 March 2016 are 4.8% 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 March 2016, state shared vehicle license tax revenues are 6.4% 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 March 2016 are 0.2% higher than budget expectations for the same period. Governmental Funds Revenues 3 Year Trend 250,000 200,000 2013-14 Actuals 150,000 2014-15 Actuals 15-16 Actuals 100,000 50,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2013-14 governmental funds revenues increased by 0.1% over fiscal year 2012-13 and fiscal year 2014-15 governmental revenues decreased 0.6% from the prior year. Fiscal year 2015-16 governmental funds revenues are expected to be 5.3% higher than fiscal year 2014-15 actuals. Through March 2016 governmental funds revenues are 3.5% 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 March 2016 are better than expected at 5.5% 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 March 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 March 2016 are 4.7% 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 March 2016 are 4.4% 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 Better than Expected Wastewater revenues through March 2016 are 1.4% above 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 March 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 $ 311,125 2,249 $ 316,381 2,186 137,502 174,234 55,807 140,363 2,797 9,500 101,214 130,676 43,362 85,348 2,090 4,941 96,943 131,388 40,750 82,180 2,098 4,700 16,225 920 14,040 1,018 7,304 1,314 4,421 10,439 722 9,662 464 4,900 1,191 3,239 11,525 577 11,234 705 4,884 893 3,544 30,800 13,385 1,875 14,491 27,012 9,425 2,492 12,149 25,167 9,289 1,991 11,242 1,050,259 $ 762,700 $ 757,677 General Fund Expenditures As of March 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 1,088 $ 2,352 2,421 25,228 1,266 1,621 13,792 1,764 2,889 6,696 2,293 17,467 2,592 81,469 1,118 2,399 2,650 23,959 1,402 1,761 13,185 1,949 2,310 6,568 2,273 13,068 2,733 75,375 27,542 5,081 32,623 19,257 4,731 23,988 19,745 3,656 23,401 477,614 259,566 14 737,194 366,066 190,452 455 556,973 346,325 186,224 157 532,706 Transportation Street Transportation Public Transit Total Transportation 19,222 17,940 37,162 10,202 1,669 11,871 12,743 13,887 26,630 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,629 12,362 4,331 54 21,376 3,291 7,869 2,990 37 14,187 3,261 8,098 3,009 36 14,404 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 90,558 35,281 18,171 5,213 149,223 62,530 24,850 11,590 3,566 102,536 62,127 24,612 11,677 2,064 100,480 Environmental Services Public Works Environmental Programs Total Environmental Services 14,835 566 15,401 8,497 299 8,796 11,703 476 12,179 6,779 1,557 989 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 - $ $ 801,377 $ 786,164 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 March 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 $ 316,381 2,186 96,943 131,388 40,750 82,180 2,098 4,700 12,102 11,234 705 4,884 893 3,544 34,456 1,991 11,242 1,050,259 762,700 757,677 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 21,325 62,297 21,314 4,527 137,818 3,174 42,810 9,907 15,400 83,821 29,112 4,042 30,369 143,642 32,834 22,790 64,930 22,844 4,535 124,445 7,774 35,254 11,011 11,561 80,050 22,979 3,732 20,748 135,405 31,635 937,278 642,392 599,693 332,191 64,559 411,108 217,162 149,326 255,646 48,155 287,911 166,518 109,911 248,961 47,867 275,665 162,420 111,371 1,174,346 868,141 846,284 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 311,125 2,249 101,214 130,676 43,362 85,348 2,090 4,941 11,161 9,662 464 4,900 1,191 3,239 36,437 2,492 12,149 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 & 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 - $ 2,273,233 $ 2,203,654 Citywide Operating Expenditures As of March 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 $ 81,469 $ 11,901 93,370 75,375 9,942 85,317 32,623 13,164 45,787 23,988 6,306 30,294 23,401 6,207 29,608 Public Safety General Funds Other Funds Total Public Safety 737,194 149,148 886,342 556,973 100,808 657,781 532,706 96,602 629,308 Transportation General Funds Other Funds Total Transportation 37,162 607,231 644,393 11,871 469,651 481,522 26,630 446,087 472,717 Community Development General Funds Other Funds Total Community Development 21,376 210,663 232,039 14,187 116,161 130,348 14,404 129,599 144,003 Community Enrichment General Funds Other Funds Total Community Enrichment 149,223 135,369 284,592 102,536 100,315 202,851 100,480 93,897 194,377 Environmental Services General Funds Other Funds Total Environmental Services 15,401 572,970 588,371 8,796 403,302 412,098 12,179 393,448 405,627 Debt Service General Funds Other Funds Total Debt Service 152,691 152,691 114,514 114,514 101,094 101,094 Capital Improvement General Funds Other Funds Total Capital Improvement 6,779 615,322 622,101 1,557 199,700 201,257 989 208,219 209,208 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 - 801,377 1,522,658 2,324,035 $ - 786,164 1,485,095 2,271,259 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 March 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 General Funds $ 33,134,564 110,849 33,245,413 $ 34,938,179 129,501 Local Taxes: Sales Taxes Privilege License Fees $ 422,024,000 2,239,000 $ 311,125,009 2,248,839 $ 316,380,507 2,186,494 35,067,680 Total Local Taxes 424,263,000 313,373,848 318,567,001 11,138,948 14,519,502 5,064,547 10,861,179 14,598,650 4,983,588 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 137,502,000 174,234,000 55,807,000 101,213,724 130,675,515 43,362,390 96,942,760 131,387,846 40,750,201 30,722,997 30,443,417 367,543,000 275,251,629 269,080,807 4,256,660 3,840,473 Primary Property Tax 140,363,000 85,348,403 82,180,223 296,720 334,705 Licenses and Permits 2,797,000 2,089,961 2,097,850 60 235,478 Cable Communications 9,500,000 4,940,738 4,699,956 1,430,292 170,404 1,473,955 79,051 Municipal Court: Fines and Forfeitures Court Default Fee 16,225,210 920,000 10,439,004 722,295 11,524,874 576,747 1,600,696 1,553,006 17,145,210 11,161,299 12,101,621 607,871 1,385,587 59,120 75,280 423,381 523,659 151,273 80,989 470,502 428,288 2,957,507 253,271 316,578 4,491,356 247,850 175,056 3,527,356 4,914,262 287,874 239,159 1,700,911 1,359,961 77,350,834 80,481,944 Total State Shared Taxes Total Municipal Court 14,040,100 9,662,219 11,233,687 Library Fees Police 1,017,715 463,839 705,066 Parks and Recreation 7,304,351 4,900,014 4,884,187 Planning and Development 1,314,000 1,190,865 893,692 Street Transportation 4,421,358 3,238,846 3,544,251 30,800,000 1,250,000 12,134,508 27,012,565 743,303 8,681,459 25,166,520 761,262 8,527,955 44,184,508 36,437,327 34,455,737 1,875,000 2,492,221 1,991,079 14,490,465 12,148,720 11,242,098 1,050,258,707 762,699,929 757,677,255 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 March 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds $ 1,650,786 117,913 589,567 34,968 $ 1,843,278 131,662 658,313 16,906 2,393,234 2,650,159 4,895,164 1,630,946 (5,464) 5,294,319 1,715,919 (9,303) 6,520,646 7,000,935 2,396,180 2,664,003 560,141 288,428 (59) 30,810 561,300 6,021 278,927 (3,635) 15,020 879,320 857,633 15,812,662 5,434,617 9,599,757 7,662,258 21,247,279 17,262,015 - - 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 & 2050: Sales Taxes Interest/Other Total Transit 2000 & 2050 Court Awards 20,189,000 1,442,000 7,210,000 218,000 $ 14,714,132 1,051,009 5,255,047 305,132 $ 15,788,856 1,127,775 5,638,877 234,220 29,059,000 21,325,320 22,789,728 62,313,000 21,442,000 (104,000) 46,216,442 16,120,939 (40,581) 48,431,230 16,587,749 (88,758) 83,651,000 62,296,800 64,930,221 29,047,226 21,313,785 22,844,476 3,846,510 83,321 1,950,222 (54,000) 148,480 2,723,600 82 1,633,477 (1,847) 172,022 2,855,673 57,428 1,603,485 (29,373) 48,099 5,974,533 4,527,334 4,535,312 115,364,000 53,263,814 96,279,713 41,537,927 81,405,855 43,039,284 168,627,814 137,817,640 124,445,139 5,263,216 3,173,994 7,774,164 4,271,437 3,143,633 Planning and Development 43,496,000 42,810,062 35,254,251 1,061,452 1,165,164 Capital Construction 14,012,000 9,906,563 11,010,538 1,963,135 14,670 2,002,958 12,372 Sports Facilities: Sales Taxes Interest/Other 16,342,000 280,000 11,809,188 3,591,193 11,334,776 226,372 1,977,805 2,015,330 16,622,000 15,400,381 11,561,148 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended March 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds (Cont'd) $ $ 10,438,234 53,982 300 10,028,394 37,684 3,900 10,492,516 10,069,978 2,902,552 2,342,595 65,606 47,680 5,677,249 856,314 969,110 6,920,810 587,866 $ 378,122 5,250,755 273,121 8,477,786 5,901,998 3,747,742 2,140,258 1,540,305 6,042,259 2,660,022 1,424,063 1,601,532 7,328,564 13,470,564 13,014,181 21,948,350 18,916,179 1,522,081 - 1,294,851 - 1,522,081 1,294,851 83,355,707 70,286,469 Highway User Revenue: Highway User Revenue Interest Other Total Highway User Revenue Regional Transit Revenues Community Reinvestment Other Restricted Fees Grants: Public Housing: Rentals Grants Other $ Total Public Housing 108,137,000 200,000 150,000 83,100,084 445,840 274,980 79,611,638 263,448 174,495 108,487,000 83,820,904 80,049,581 42,546,216 29,112,249 22,979,019 4,591,794 4,042,241 3,731,474 46,194,608 30,369,131 20,748,383 6,619,873 80,121,266 5,260,812 $ 5,442,879 51,624,391 3,516,931 $ 4,945,906 49,277,392 1,776,015 92,001,951 60,584,201 55,999,313 42,424,057 65,915,793 32,391,902 52,175,518 29,263,376 13,542,224 12,144,684 28,107,404 22,989,342 10,546,424 14,656,204 31,214,101 Total Other 192,907,270 83,057,688 79,406,071 Total Grants 284,909,221 143,641,889 135,405,384 50,079,674 4,716,600 30,462,703 2,371,129 29,276,324 2,358,293 54,796,274 32,833,832 31,634,617 937,277,902 642,392,125 599,693,435 135,770,000 187,031,400 800,000 3,417,000 2,137,600 3,034,600 - 74,172,258 174,773,788 1,249,216 1,241,647 1,716,927 2,159,675 332,376 77,120,944 166,097,881 523,552 1,487,452 1,697,299 1,861,749 171,751 332,190,600 255,645,887 248,960,628 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: 8,020,319 21,902,761 155,375 1,030,993 192,492 239,129 (10,977) 8,386,860 21,332,505 80,338 179,028 185,591 260,429 (10,958) 31,530,092 30,413,793 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 March 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2014-15 2015-16 Enterprise Funds (Cont'd) CONVENTION CENTER: $ 4,461,852 4,633,040 33,879 4,696,772 3,521,390 28,392 9,128,771 8,246,554 Excise Taxes Operating Revenue Interest Total Convention Center 48,129,000 16,207,596 222,900 32,721,883 15,156,236 276,989 33,442,824 14,219,703 204,905 64,559,496 48,155,108 47,867,432 WATER SYSTEM: $ 22,712,114 439,277 342,833 464,086 218,940 181,102 128,878 $ 24,487,230 18,664,826 483,997 304,578 545,124 142,800 214,386 369,322 20,725,033 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 $ 268,442,489 4,023,794 4,617,103 4,276,131 2,566,020 1,767,580 2,218,185 $ 257,596,557 3,994,273 3,445,250 4,802,387 1,615,800 1,975,088 2,235,152 411,108,000 287,911,302 275,664,507 185,139,000 17,512,000 2,600,000 1,528,000 10,383,000 139,813,877 14,824,138 2,434,770 1,232,933 8,212,303 136,422,699 14,011,492 1,519,740 1,101,061 9,365,243 217,162,000 166,518,021 162,420,235 129,254,000 8,337,000 290,000 11,444,815 96,401,930 5,855,031 489,662 7,164,058 96,008,226 5,891,552 404,006 9,066,704 149,325,815 109,910,681 111,370,488 1,174,345,911 868,140,999 846,283,290 WASTEWATER: 15,959,106 1,447,993 186,300 107,291 958,347 14,910,346 1,255,627 137,760 127,968 1,105,874 18,659,037 17,537,575 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,747,444 508,849 60,621 425,923 10,709,305 572,965 57,232 801,654 11,742,837 12,141,156 95,547,967 89,064,111 256,254,508 $ 239,832,524 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds $ Total Operating Revenues - 29 - 3,161,882,520 $ 2,273,233,053 $ 2,203,653,980 Citywide Operating Expenditures by Program For the Month Ended March 31 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 $ 118,667 266,812 300,981 4,234,883 62,656 182,413 230,457 1,738,148 178,239 258,244 530 1,898,926 53,129 99,065 143,341 10,656 282,752 1,650,597 1,335,594 13,046,090 $ 106,744 257,854 400,876 1,329,538 55,069 145,124 214,249 1,448,807 190,503 205,844 10,016 715,564 159,156 5,945 249,529 1,126,647 1,426,740 8,048,205 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 $ 1,088,416 2,352,234 2,617,877 26,906,928 714,878 1,515,769 2,008,513 14,357,352 1,763,554 2,888,808 868,810 9,098,217 464,021 443,900 478,931 74,972 2,292,960 19,468,203 3,965,544 $ 1,118,440 2,399,344 2,804,478 25,718,038 725,444 1,662,852 2,046,550 13,893,767 1,949,071 2,310,650 694,876 7,705,971 1,303,191 28,381 2,272,693 15,039,349 3,643,692 $ 1,088,416 2,352,234 2,617,877 25,725,150 714,878 1,515,769 2,008,513 14,357,352 1,763,554 2,888,808 868,810 8,518,214 464,021 443,900 478,931 74,972 2,292,960 19,222,184 3,965,544 $ 1,181,778 580,003 246,019 - 132,782,108 93,369,887 85,316,787 91,362,087 2,007,800 40,705,536 5,081,389 - 25,563,341 4,730,939 - 25,952,086 3,656,237 - 20,451,196 4,730,939 - 5,112,145 - 45,786,925 30,294,280 29,608,323 25,182,135 5,112,145 572,946,395 312,745,803 649,646 432,130,454 224,764,539 886,401 413,033,498 215,693,522 580,744 427,320,280 222,079,495 886,401 4,810,174 2,685,044 - 886,341,844 657,781,394 629,307,764 650,286,176 7,495,218 Criminal Justice 2,862,599 94,346 - 2,678,433 387,604 - 2,956,945 3,066,037 Municipal Court Public Defender Other Total Criminal Justice Public Safety 51,603,843 26,458,777 168,278 44,926,045 23,235,857 77,294 78,230,898 68,239,196 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended March 31 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 $ 5,017,751 602,329 23,979,635 7,557,433 37,157,148 $ 4,448,458 818,101 21,507,932 9,412,954 36,187,445 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 59,861,424 11,600,881 299,431,808 273,499,047 $ 40,477,452 8,125,429 209,502,822 223,415,847 $ 42,010,039 8,364,757 200,052,301 222,290,170 $ 40,385,365 8,125,429 170,018,205 183,398,261 $ 92,087 39,484,617 40,017,586 644,393,160 481,521,550 472,717,267 401,927,260 79,594,290 Community Development 3,414,964 7,099,091 1,894,832 2,319,107 2,938,715 6,432,381 2,233,441 2,125,519 Planning and Development Housing Economic Development Neighborhood Services Department 46,257,918 89,698,083 40,245,071 55,837,775 29,282,676 62,150,908 18,939,134 19,975,047 29,054,847 59,464,536 30,100,059 25,383,445 29,282,676 62,096,306 14,561,879 19,975,047 54,602 4,377,255 - 14,727,994 13,730,056 Total Community Development 232,038,847 130,347,765 144,002,887 125,915,908 4,431,857 101,188,842 35,777,708 5,825,781 60,133,639 11,544,369 62,029,657 4,123,444 3,968,465 68,180,401 25,278,680 4,724,258 45,479,793 8,434,839 45,232,046 2,927,354 2,593,892 67,920,654 25,156,598 4,818,011 44,206,853 8,288,521 40,124,471 2,630,232 1,231,741 66,834,129 25,278,680 4,724,258 30,760,754 45,041,775 2,927,354 2,593,892 1,346,272 14,719,039 8,434,839 190,271 - 284,591,905 202,851,263 194,377,081 178,160,842 24,690,421 Community Enrichment 7,291,389 2,682,413 532,416 7,630,636 946,919 4,897,948 395,140 114,658 6,895,122 2,756,244 562,235 3,551,411 920,388 5,250,050 216,356 14,189 24,491,519 20,165,995 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 March 31 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 $ 24,460,634 13,325,960 8,757,831 1,718,133 165,016 $ 48,427,574 21,925,419 10,341,515 10,818,769 1,071,635 144,528 44,301,866 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 $ 206,415,630 104,707,622 87,054,388 13,395,707 524,823 $ 205,887,514 91,194,453 91,422,337 16,536,181 586,276 $ 134,348,600 53,621,051 77,189,564 8,582,472 524,823 274,266,510 $ 72,067,030 51,086,571 9,864,824 4,813,235 - 588,371,485 412,098,170 405,626,761 137,831,660 197,050 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 17,200,351 147,787 10,933,171 21,301,189 624,863 3,644,482 299,888 10,210,937 1,561,460 4,059,439 5,652,080 1,055,904 9,409,173 671,325 5,243,647 4,690,020 5,916,423 20 1,035,656 11,327,562 3,827,199 4,612 12,897,256 155,519 8,527,154 19,602,372 655,526 4,595,472 513,554 9,011,917 1,517,598 5,521,710 5,775,618 941,247 8,164,863 37,581 7,405,302 2,762,182 2,136,770 126,785 2,056,538 9,005,908 6,613,561 4,732 5,962,145 - 147,787 10,933,171 21,301,189 624,863 3,644,482 299,888 10,210,937 1,561,460 4,059,439 5,652,080 1,055,904 9,409,173 671,325 5,243,647 4,690,020 5,916,423 20 1,035,656 11,327,562 3,827,199 4,612 12,897,256 152,690,696 114,514,093 101,094,054 - 114,514,093 Capital Improvement 622,101,078 201,257,054 209,208,068 - 201,257,054 Contingencies 113,200,000 General Obligation Debt Service 16,420 1,214,796 2,366,799 69,429 404,943 33,321 1,134,549 173,496 451,049 628,009 117,323 1,045,464 74,592 582,628 521,113 657,380 115,073 1,258,618 425,244 512 1,433,028 16,854 942,614 2,178,041 72,836 509,809 56,904 1,000,232 168,622 611,969 640,288 104,352 902,387 4,175 821,194 306,893 237,405 228,481 996,616 733,078 512 763,225 12,723,786 11,296,487 18,343,740 43,371,474 $ 250,105,694 $ 248,406,761 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 - $ 2,324,035,456 $ 2,271,258,992 $ 1,747,100,918 $ 576,934,538 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 $ 6,209,983 1,103,866 372,153 302,009 1,508,052 196,160 13,618,052 14,221,463 38,489 357,408 13,260,104 3,215,936 13,784,202 7,915,255 52,301,203 5,983 4,633,522 840,587 5,428,954 393,755 592,864 77,628 5,228,673 15,593 10,464,845 315,457 412,387 11,509,576 480,571 57,857,516 3,414,547 58,003,980 $ 537,667,522 $ 128,404,335 $ 159,676,438 $ $ $ 581,133,400 26,497,700 27,324,475 115,072,491 209,939,555 959,967,621 $ $ 488,795,712 16,901,820 4,192,436 23,159,689 68,674,511 601,724,168 $ 1,497,635,143 $ 730,128,503 From Operating Funds Actual Budget $ $ $ $ 197,193,324 18,572,877 1,720,220 13,844,267 70,512,548 301,843,236 $ 461,519,674 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 6,206,094 1,103,866 301,666 166,105 1,079,707 4,388,583 3,794,620 10,140 237,675 9,793,351 377,599 13,315,633 35,635,834 277,451,387 $ 76,410,873 $ $ 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 $ $ $ $ 41,743,765 1,565,070 3,704,871 17,081,112 60,751,363 124,846,181 $ 201,257,054 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 3,889 70,487 135,904 428,345 196,160 9,229,469 10,426,843 28,349 119,733 3,466,753 2,838,337 468,569 7,915,255 16,665,369 260,216,135 $ 51,993,462 $ $ 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 3,203,585 306,134 6,807,551 (95,009) 7,886,666 1,065,122 19,476,219 630,000 43,637,615 1,104,161 4,829,998 73,377,372 (4,691) 95,048,336 14,302,435 136,569,794 $ 409,263,187 $ $ 447,051,947 15,336,750 487,565 6,078,577 7,923,148 476,877,987 $ 92,337,688 9,595,880 23,132,039 91,912,802 141,265,044 358,243,453 $ 528,871,449 $ 767,506,640 Bonds Authorized and Sold As of March 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 Feb 31,532 32,542 32,084 34,432 32,793 33,292 Mar Mar 32,549 32,047 32,147 34,938 33,135 33,570 Apr YTD thru March 300,296 302,923 314,074 316,381 311,125 314,502 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 Mar 9,554 9,887 10,506 10,861 11,139 11,406 May YTD thru March 83,258 87,193 93,507 96,943 101,214 100,868 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 Mar 4,860 4,623 4,559 4,984 5,065 5,263 May YTD thru March 34,686 35,772 38,442 40,750 43,362 41,395 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 Mar Feb 134,133 134,498 132,551 144,296 141,861 144,352 Mar 143,232 142,641 144,892 150,768 160,707 153,968 Apr YTD thru March 1,273,749 1,311,776 1,354,360 1,357,371 1,405,092 1,401,747 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 Apr May Feb 27,028 27,884 26,561 26,683 27,161 26,482 Mar 28,470 31,100 28,352 30,414 31,530 28,974 YTD thru March 245,901 253,236 241,944 248,961 255,646 242,410 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 Apr May Feb 18,282 18,711 21,185 19,044 19,179 20,748 Mar 20,726 21,386 21,993 20,725 24,487 22,498 YTD thru March 286,155 322,174 290,366 275,665 287,911 302,191 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 Mar 18,552 14,263 14,986 17,538 18,659 15,665 May YTD thru March 183,457 167,184 160,786 162,420 166,518 164,189 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