May 2016 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report May 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 Expected Local Sales Tax 15 Expected 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. May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 885,079 995,771 88.9% 951,725 1,038,092 91.7% 950,798 1,042,102 91.2% 949,947 1,051,395 90.4% 970,059 1,110,139 87.4% * - 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 $1,100,000 $1,000,000 $1,050,000 May YTD May YTD Expenditures Expenditures $800,000 $1,000,000 $600,000 $950,000 $400,000 $900,000 $200,000 $850,000 $0 $800,000 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 May 2016, general fund expenditures are 2.1% higher than through May 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 May have increased 1.9% since FY2012-13. General Government 11-12 12-13 13-14 14-15 15-16 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 86,109 98,577 87.4% 93,493 102,211 91.5% 94,146 100,400 93.8% 89,840 96,385 93.2% 97,617 110,381 88.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $105,000 $120,000 $100,000 $100,000 $95,000 $80,000 $90,000 $60,000 $85,000 $40,000 May YTD Expenditures May YTD Expenditures Annual Expenditures * Annual Expenditures * $80,000 $20,000 $75,000 $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 May 2016 are 8.7% 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 May 2016, personal service costs are 2.5% 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- May General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 11-12 12-13 13-14 14-15 15-16 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 29,755 33,542 88.7% 30,711 33,453 91.8% 29,846 32,659 91.4% 28,244 31,018 91.1% 28,285 32,623 86.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice Public Safety $40,000 $34,000 $35,000 $33,000 May YTD Expenditures May YTD Expenditures $30,000 $32,000 $31,000 $25,000 $30,000 $20,000 Annual Expenditures * Annual Expenditures * $29,000 $15,000 $28,000 $10,000 $27,000 $5,000 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 May 2016 are 0.1% 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 581,216 647,049 89.8% 628,313 684,609 91.8% 638,481 699,796 91.2% 645,047 716,304 90.1% 672,768 737,194 91.3% * - 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 May YTD Expenditures May 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 May 2016 are 4.3% higher than the prior year. The increase is primarily due to higher than expected overtime and constant manning costs. - 2- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 33,598 39,161 85.8% 34,946 38,161 91.6% 27,648 29,713 93.1% 31,565 34,187 92.3% 15,614 37,162 42.0% * - 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 May YTD Expenditures May 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 May 2016 are 50.5% 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 17,316 19,393 89.3% 18,229 19,927 91.5% 18,522 20,210 91.6% 17,280 18,986 91.0% 16,888 21,376 79.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 May MayYTD 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 May 2016 with a 2.3% 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 May 2016, both personal and contractual services are lower than the May 2015 year to date totals. Fiscal year 2014-15 general fund community development expenditures were lower than the previous four years. -3- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 121,979 140,026 87.1% 128,996 141,209 91.4% 129,122 143,665 89.9% 122,495 138,024 88.7% 125,741 149,223 84.3% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Environmental Services Community Enrichment $160,000 $150,000 $140,000 $145,000 $120,000 $140,000 $100,000 $135,000 $80,000 $130,000 $60,000 $125,000 $40,000 $120,000 $20,000 $115,000 $0 $110,000 11-12 12-13 11-12 MayYTD YTD May 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 May 2016 with a 2.6% 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 May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 13,003 15,723 82.7% 14,390 15,353 93.7% 11,726 13,748 85.3% 14,379 15,082 95.3% 10,454 15,401 67.9% * - 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 May 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 May 2016 are 27.3% 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. May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 2,667,134 2,985,410 89.3% 2,833,957 3,123,865 90.7% 2,744,885 3,054,098 89.9% 2,755,618 3,051,875 90.3% 2,807,928 3,589,098 78.2% * - 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 $3,200,000 $3,500,000 $3,100,000 May YTD May YTD Expenditures Expenditures $3,000,000 $3,000,000 $2,500,000 $2,900,000 $2,000,000 $2,800,000 $1,500,000 $2,700,000 $1,000,000 $2,600,000 $500,000 $2,500,000 $0 $2,400,000 Better than Expected 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. 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 May 2016 are better than expected with an increase of 1.9% over the same period in the prior year. General Government 11-12 12-13 13-14 14-15 15-16 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 96,067 109,658 87.6% 104,746 114,015 91.9% 105,299 114,235 92.2% 100,374 108,690 92.3% 110,577 132,782 83.3% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $120,000 $140,000 $115,000 $120,000 $110,000 $100,000 $105,000 $80,000 $100,000 $60,000 $95,000 $40,000 May YTD Expenditures May YTD Expenditures Annual Expenditures * Annual Expenditures * $90,000 $20,000 $85,000 $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 10.2% through May 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- May Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice May YTD Annual % of Annual Expenditures Expenditures * Expenditures 32,286 36,305 88.9% 37,914 41,290 91.8% 37,232 40,697 91.5% 35,797 39,265 91.2% 36,367 45,787 79.4% 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 May YTD Expenditures May 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 1.6% higher through May 2016 than the same period in the prior year. 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 719,987 803,367 89.6% 770,476 842,387 91.5% 768,394 842,270 91.2% 762,709 841,817 90.6% 798,948 886,342 90.1% * - For prior years-total actual expenditures, for current year-total approved budget Expected $1,000,000 $860,000 $840,000 $800,000 $820,000 $800,000 $600,000 $780,000 $760,000 $400,000 $740,000 $720,000 $200,000 $700,000 $680,000 $0 $660,000 11-12 12-13 $640,000 11-12 May YTD Expenditures May 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 May 2016 are 4.8% higher than the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 5.3%. -6- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 537,067 584,429 91.9% 545,665 582,381 93.7% 538,073 573,025 93.9% 542,672 582,486 93.2% 556,996 644,393 86.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $590,000 $660,000 $640,000 $580,000 $620,000 $570,000 $600,000 $560,000 $580,000 $550,000 $560,000 $540,000 $540,000 $530,000 $520,000 $520,000 $500,000 $510,000 $480,000 May YTD Expenditures May 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 Street lighting, maintenance and repair; Aviation and Public Transit. Citywide transportation expenditures are better than expected with an increase of 2.6% through May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 171,223 192,133 89.1% 193,293 209,403 92.3% 178,348 194,542 91.7% 171,235 188,670 90.8% 160,487 232,039 69.2% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 MayYTD YTD May 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 May 2016 of 6.3% 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- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 239,944 272,353 88.1% 249,731 273,110 91.4% 248,395 272,326 91.2% 233,877 259,944 90.0% 246,711 284,592 86.7% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $300,000 $280,000 MayYTD YTD May Expenditures Expenditures $250,000 $270,000 $200,000 $260,000 $150,000 $250,000 $100,000 $240,000 $50,000 $230,000 $0 $220,000 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 May 2016 of 5.5% 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 489,831 549,628 89.1% 515,850 564,051 91.5% 525,172 577,118 91.0% 495,881 545,198 91.0% 502,949 588,371 85.5% * - 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 MayYTD YTD May 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 May 2016 of 1.4% over the prior year. The budgeted increase for fiscal year 2015-16 over prior year actuals is 7.9%. -8- May 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 May YTD Annual % of Annual Expenditures Expenditures * Expenditures 155,120 157,298 98.6% 125,823 137,208 91.7% 92,383 100,524 91.9% 123,891 134,594 92.0% 139,962 152,691 91.7% * - 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 MayYTD YTD May 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 May 2016 with an increase of 13.0% over the same period in the prior year. Budgeted expenditures for fiscal year 2015-16 are 13.4% higher than actual expenditures for the prior fiscal year. -9- Capital Expenditures Expenditures for capital projects. These expenditures may come from designated capital funds such as bond proceeds or grants, or they may come from operating funds and be reported in both the operating and capital sections. Because of the long-term view used in capital budgeting and the volatility of capital spending, no performance status is provided unless capital spending exceeds the capital budget. Capital Expenditures (Dollars in Thousands) General Gov't Refer to detailed financial schedules pages 22 - 34 11-12 12-13 13-14 14-15 15-16 (Budget) 15-16 (YTD) $ 232,848 $ 320,599 $ 263,112 $ 244,107 $ 537,758 $ 157,185 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). Major Projects in fiscal year 2015-16 include street construction, improvement and repair ($47 million), affordable and low income housing related projects ($18 million), parks and recreation projects ($16 million), and transit related projects ($15 million). Aviation 11-12 12-13 13-14 14-15 15-16 (Budget) 15-16 (YTD) $ 332,920 $ 168,639 $ 180,571 $ 259,616 $ 581,133 $ 505,192 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 Major projects in fiscal year 2015-16 include Terminal 3 Development ($368 million), Terminal 4 improvements and refurbishments ($26 million) and Terminal 4 North Apron Reconstruction ($23 million). - 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) $ 21,380 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) $ 4,474 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 In fiscal year 2015-16, Solid Waste has spent $2.4 million on the 27th Ave Resource Innovation Campus. - 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: $ 114,432 15-16 (YTD) $ 35,069 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. In fiscal year 2015-16 Wastewater has spent $17 million on rehabilitation and replacement of sewer mains and lines and an additional $13 million on capital improvements at the wastewater treatment facilities. 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 $ 210,580 $100,000 $150,000 15-16 (YTD) $ 83,678 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, nearly $34 million has been spent for assessment, rehabilitation and replacement of hydrants, valves, mains and lines. - 12 - Revenues Sources of funds for the operations of the City including local taxes, state shared taxes, user fees and charges, and grants. General Fund Total Operating Revenue (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 General Fund Revenues $1,200,000 $1,000,000 May 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 May YTD Actuals 844,408 885,412 930,638 955,325 959,745 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 89.0% 90.3% 90.7% 91.2% 91.4% * - 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 May 2016 are 0.5% 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 50,080 62,012 35,204 49,567 128,054 132,101 143,931 138,243 123,326 140,363 11-12 12-13 13-14 14-15 15-16 YTD 15-16 budget 150,000 44,071 100,000 50,000 Primary - FY 11-12 12-13 13-14 14-15 15-16 YTD 15-16 budget Total 222,488 194,112 179,136 187,811 167,396 190,443 July (2,553) (1,733) (1,260) (1,107) (981) (1,392) Aug 1,059 1,349 971 760 641 1,045 Sept 1,189 904 867 816 857 878 Oct 13,656 11,888 11,107 12,338 15,224 11,993 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 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 Mar 8,871 6,670 5,668 5,135 5,779 5,931 Apr 11,013 8,323 7,300 9,411 9,409 8,497 May 35,952 44,111 44,562 45,939 42,177 45,692 June 43,527 25,676 20,250 21,004 22,719 Note: Monthly budget amount for 13-14 is the average % of last 3 years of the total budget amount Expected Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart for property tax revenues is presented with an annual perspective. Total property tax revenues are budgeted to increase 1.4% in fiscal year 2015-16 over fiscal year 2014-15 actuals. Through May 2016, property tax revenues are 0.2% lower 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 Year to Date Performance Status Expected Local sales tax revenues through May 2016 are 0.9% 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 May 2016, local sales tax revenues are 1.3% 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 Year to Date Performance Status Expected State shared sales tax revenues through May 2016 are 0.5% 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 May 2016 state shared sales tax revenues are 3.9% 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 Year to Date Performance Status Better than Expected State shared vehicle license tax revenues through May 2016 are 6.5% 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 May 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 Year to Date Performance Status 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 May 2016 are 0.2% 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 May 2016 governmental funds revenues are 3.0% 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 Year to Date Performance Status Better than Expected Aviation operating revenues through May 2016 are better than expected at 3.9% 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 May 2016, aviation operating revenues are 1.7% 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 Year to Date Performance Status Corrective Action Taken Water system revenues through May 2016 are 4.2% 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 May 2016 are 4.3% 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 Year to Date Performance Status Better than Expected Wastewater revenues through May 2016 are 3.0% 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 May 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 $ 381,668 2,413 $ 386,633 2,393 137,502 174,234 55,807 140,363 2,797 9,500 125,659 159,715 53,818 123,326 2,511 7,591 120,905 160,585 50,266 122,709 2,520 7,137 16,225 920 14,040 1,018 7,304 1,314 4,421 12,686 952 12,761 598 6,341 1,484 4,126 14,482 820 14,017 859 6,638 1,162 4,876 30,800 13,385 1,875 14,491 34,227 12,225 3,168 14,476 31,075 12,377 2,443 13,428 1,050,259 $ 959,745 $ 955,325 General Fund Expenditures As of May 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 1,306 $ 2,871 2,949 32,620 1,549 2,014 16,508 1,856 3,339 8,133 2,732 19,312 2,428 97,617 1,342 2,907 3,189 29,519 1,779 2,072 15,727 1,901 2,802 7,982 2,772 14,654 3,194 89,840 27,542 5,081 32,623 23,375 4,909 28,285 23,807 4,437 28,244 477,614 259,566 14 737,194 442,411 229,848 509 672,768 420,429 224,460 158 645,047 Transportation Street Transportation Public Transit Total Transportation 19,222 17,940 37,162 13,944 1,669 15,614 14,972 16,593 31,565 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 4,629 12,362 4,331 54 21,376 3,919 9,359 3,565 45 16,888 3,839 9,764 3,632 45 17,280 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 90,558 35,281 18,171 5,213 149,223 76,192 30,719 14,466 4,364 125,741 75,914 29,236 14,925 2,420 122,495 Environmental Services Public Works Environmental Programs Total Environmental Services 14,835 566 15,401 10,074 380 10,454 13,797 582 14,379 6,779 2,692 1,097 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 - $ $ 970,059 $ 949,947 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 May 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 $ 386,633 2,393 120,905 160,585 50,266 122,709 2,520 7,137 15,302 14,017 859 6,638 1,162 4,876 43,452 2,443 13,428 1,050,259 959,745 955,325 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 26,439 75,701 26,472 5,595 180,841 3,174 52,977 12,065 19,956 106,170 34,602 4,063 36,413 181,591 46,442 27,950 78,544 28,038 5,935 155,800 7,774 44,127 13,297 16,031 101,198 28,089 5,068 33,051 173,172 46,455 937,278 812,501 764,529 332,191 64,559 411,108 217,162 149,326 315,844 62,999 354,130 206,436 135,759 310,516 61,514 339,386 198,294 136,701 1,174,346 1,075,168 1,046,411 2,847,414 $ 2,766,265 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste $ 381,668 2,413 125,659 159,715 53,818 123,326 2,511 7,591 13,638 12,761 598 6,341 1,484 4,126 46,452 3,168 14,476 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 - $ Citywide Operating Expenditures As of May 31 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2015-16 2014-15 Budget 2015-16 $ Criminal Justice General Funds Other Funds Total Criminal Justice 110,381 22,401 132,782 $ 97,617 $ 12,960 110,577 89,840 10,534 100,374 32,623 13,164 45,787 28,285 8,082 36,367 28,244 7,553 35,797 Public Safety General Funds Other Funds Total Public Safety 737,194 149,148 886,342 672,768 126,180 798,948 645,047 117,662 762,709 Transportation General Funds Other Funds Total Transportation 37,162 607,231 644,393 15,614 541,382 556,996 31,565 511,107 542,672 Community Development General Funds Other Funds Total Community Development 21,376 210,663 232,039 16,888 143,599 160,487 17,280 153,955 171,235 Community Enrichment General Funds Other Funds Total Community Enrichment 149,223 135,369 284,592 125,741 120,970 246,711 122,495 111,382 233,877 Environmental Services General Funds Other Funds Total Environmental Services 15,401 572,970 588,371 10,454 492,495 502,949 14,379 481,502 495,881 Debt Service General Funds Other Funds Total Debt Service 152,691 152,691 139,962 139,962 123,891 123,891 Capital Improvement General Funds Other Funds Total Capital Improvement 6,779 615,322 622,101 2,692 252,239 254,931 1,097 288,085 289,182 Contingencies General Funds Other Funds Total Contingencies 46,400 66,800 113,200 Total Operating General Funds Other Funds Total Operating Budget $ 1,156,539 2,545,759 3,702,298 - $ - 25 - 970,059 1,837,869 2,807,928 $ - 949,947 1,805,671 2,755,618 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 May 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 General Funds $ 34,236,365 72,976 34,309,341 $ 33,049,491 95,710 Local Taxes: Sales Taxes Privilege License Fees $ 422,024,000 2,239,000 $ 381,668,335 2,413,063 $ 386,633,275 2,392,738 33,145,201 Total Local Taxes 424,263,000 384,081,398 389,026,013 11,469,803 14,519,501 4,943,252 11,696,655 14,598,650 5,108,351 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 137,502,000 174,234,000 55,807,000 125,658,659 159,714,518 53,817,713 120,904,612 160,585,145 50,266,340 30,932,556 31,403,656 367,543,000 339,190,890 331,756,097 31,020,844 33,590,733 Primary Property Tax 140,363,000 123,326,017 122,709,398 234,803 194,178 Licenses and Permits 2,797,000 2,511,445 2,519,676 213,840 2,436,874 Cable Communications 9,500,000 7,591,452 7,136,885 982,221 104,249 1,389,503 101,761 Municipal Court: Fines and Forfeitures Court Default Fee 16,225,210 920,000 12,685,782 952,114 14,481,623 820,067 1,086,470 1,491,264 17,145,210 13,637,896 15,301,690 2,504,489 1,625,929 75,382 63,439 499,740 1,016,168 148,329 Total State Shared Taxes Total Municipal Court 14,040,100 12,761,251 14,016,751 Library Fees Police 1,017,715 598,362 858,914 Parks and Recreation 7,304,351 6,340,816 6,637,747 136,332 Planning and Development 1,314,000 1,484,476 1,162,699 531,352 837,240 Street Transportation 4,421,358 4,125,520 4,875,745 3,742,032 196,575 579,566 3,312,023 260,300 244,004 30,800,000 1,250,000 12,134,508 34,227,072 1,174,311 11,050,322 31,074,703 1,175,425 11,202,049 4,518,173 3,816,327 44,184,508 46,451,705 43,452,177 351,548 231,822 1,875,000 3,167,684 2,443,237 854,802 1,127,141 14,490,465 14,476,396 13,428,245 107,281,669 111,116,304 1,050,258,707 959,745,308 955,325,274 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 May 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds $ 1,719,937 122,853 614,263 15,517 $ 1,628,516 116,322 581,613 10,585 2,472,570 2,337,036 4,927,107 1,593,169 (4,003) 4,762,016 1,567,814 (6,604) 6,516,273 6,323,226 2,494,621 2,353,322 238,214 177,608 119 25,751 309,539 1,789 263,907 170 136,017 441,692 711,422 16,461,073 4,841,740 9,218,023 6,050,681 21,302,813 15,268,704 - - 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 $ 18,270,945 1,305,068 6,525,337 337,381 $ 19,386,987 1,384,785 6,923,924 254,464 29,059,000 26,438,731 27,950,160 62,313,000 21,442,000 (104,000) 56,339,488 19,375,040 (13,267) 58,731,286 19,916,063 (102,971) 83,651,000 75,701,261 78,544,378 29,047,226 26,471,559 28,037,749 3,846,510 83,321 1,950,222 (54,000) 148,480 3,332,304 82 2,047,280 (1,533) 216,535 3,595,326 65,716 2,116,690 (30,178) 187,026 5,974,533 5,594,668 5,934,580 115,364,000 53,263,814 130,354,727 50,486,286 100,876,838 54,923,117 168,627,814 180,841,013 155,799,955 5,263,216 3,173,994 7,774,164 5,480,554 4,075,154 Planning and Development 43,496,000 52,976,621 44,126,612 1,072,707 1,114,059 Capital Construction 14,012,000 12,065,419 13,296,713 1,827,917 16,730 1,818,756 12,408 Sports Facilities: Sales Taxes Interest/Other 16,342,000 280,000 16,332,782 3,623,626 15,780,879 250,451 1,844,647 1,831,164 16,622,000 19,956,408 16,031,330 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended May 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2015-16 2014-15 Special Revenue and Debt Service Funds (Cont'd) $ $ Highway User Revenue: Highway User Revenue Interest Other 10,198,565 55,862 6,526 10,163,655 39,601 - 10,260,953 10,203,256 3,502,277 2,795,010 Regional Transit Revenues 13,777 1,192,892 Community Reinvestment (64,053) 2,577,739 Other Restricted Fees 442,050 $ 6,857,781 (195,176) 431,491 5,893,888 782,852 Grants: Public Housing: Rentals Grants Other 7,104,655 7,108,231 3,924,293 4,811,754 930,142 2,854,455 799,705 5,769,789 954,376 3,743,362 12,520,644 11,267,232 19,625,299 18,375,463 11,156,339 - 12,348,332 - 11,156,339 12,348,332 Total G.O. Bond/Secondary Property Tax 86,120,469 81,506,779 Total Special Revenue and Debt Service Funds Total Highway User Revenue $ Total Public Housing 108,137,000 200,000 150,000 105,318,237 558,812 292,649 100,684,153 339,129 174,495 108,487,000 106,169,698 101,197,777 42,546,216 34,602,142 28,088,862 4,591,794 4,062,933 5,067,810 46,194,608 36,413,523 33,051,053 6,619,873 80,121,266 5,260,812 $ 6,485,563 63,929,061 4,338,968 $ 6,355,091 61,637,547 3,062,396 92,001,951 74,753,592 71,055,034 42,424,057 65,915,793 32,391,902 52,175,518 36,356,928 20,001,212 17,152,359 33,326,642 27,328,847 17,902,682 17,403,306 39,482,272 Total Other 192,907,270 106,837,141 102,117,107 Total Grants 284,909,221 181,590,733 173,172,141 50,079,674 4,716,600 44,070,808 2,371,129 44,097,007 2,358,293 54,796,274 46,441,937 46,455,300 937,277,902 812,500,640 764,528,584 135,770,000 187,031,400 800,000 3,417,000 2,137,600 3,034,600 - 91,396,946 215,707,633 1,573,211 1,983,483 2,104,379 2,689,117 388,867 95,135,321 207,970,113 681,651 1,981,442 2,080,627 2,483,210 183,339 332,190,600 315,843,636 310,515,703 Other: Human Resources Federal Transit Administration Community Development Other G.O. Bond/Secondary Property Tax Secondary Property Tax Interest Enterprise Funds AVIATION: 8,398,012 19,964,807 158,921 390,671 193,506 286,969 45,633 8,849,736 19,544,253 81,601 258,245 171,819 334,540 10,550 29,438,519 29,250,744 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 May 31 2016 2015 Budget Estimate 2015-16 Source Actual Year-to-Date 2014-15 2015-16 Enterprise Funds (Cont'd) CONVENTION CENTER: $ 4,415,826 2,402,838 40,562 4,128,144 962,673 30,969 6,859,226 5,121,786 Excise Taxes Operating Revenue Interest Total Convention Center 48,129,000 16,207,596 222,900 42,565,458 20,076,765 356,772 42,644,206 18,605,116 264,623 64,559,496 62,998,995 61,513,945 WATER SYSTEM: $ 32,034,166 416,663 370,445 549,835 260,580 161,229 328,660 $ 34,121,578 30,034,541 462,380 435,500 607,015 270,360 178,991 260,080 32,248,867 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 $ 330,339,650 4,844,169 5,459,503 5,350,230 3,092,400 2,197,228 2,846,554 $ 316,968,510 4,969,966 4,420,863 5,983,689 2,217,840 2,458,955 2,366,028 411,108,000 354,129,734 339,385,851 185,139,000 17,512,000 2,600,000 1,528,000 10,383,000 171,588,373 18,056,033 2,946,570 1,588,128 12,257,244 166,626,607 17,188,012 2,064,780 1,401,890 11,013,239 217,162,000 206,436,348 198,294,528 129,254,000 8,337,000 290,000 11,444,815 117,926,773 7,682,067 608,879 9,540,982 117,436,271 7,181,001 508,089 11,575,793 149,325,815 135,758,701 136,701,154 1,174,345,911 1,075,167,414 1,046,411,181 WASTEWATER: 15,885,859 1,501,523 248,400 139,897 779,518 15,052,564 1,419,332 225,420 130,515 934,400 18,555,197 17,762,231 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,762,624 1,029,828 57,426 826,327 10,709,955 570,513 52,391 917,540 12,676,205 12,250,399 101,650,725 96,634,027 295,052,863 $ 289,257,110 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds $ Total Operating Revenues - 29 - 3,161,882,520 $ 2,847,413,362 $ 2,766,265,039 Citywide Operating Expenditures by Program For the Month Ended May 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 $ 111,734 $ 268,545 284,812 4,040,923 52,785 165,970 227,267 1,304,791 171,539 188,465 (200,756) 921,803 58,239 39,597 167,387 7,962 277,535 1,615,370 518,995 10,222,963 104,365 242,752 271,679 2,577,706 61,370 255,821 176,088 1,287,667 72,557 154,996 20,771 793,053 138,138 6,692 237,178 1,122,816 37,685 7,561,334 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 $ 1,305,872 2,871,459 3,167,995 34,722,768 854,948 1,847,265 2,445,822 17,230,926 1,856,383 3,338,562 668,286 10,861,633 570,876 520,780 321,942 21,426 2,731,512 21,714,543 3,523,633 $ 1,342,372 2,907,473 3,365,205 31,651,009 842,628 2,081,355 2,412,608 16,567,763 1,901,447 2,801,837 773,518 9,336,017 1,558,718 42,997 2,771,804 17,051,819 2,965,471 $ 1,305,872 2,871,459 3,167,995 33,278,373 854,948 1,847,265 2,445,822 17,230,926 1,856,383 3,338,562 668,286 10,152,740 570,876 520,780 321,942 21,426 2,731,512 21,413,853 3,523,633 $ 1,444,395 708,893 300,690 - 132,782,108 110,576,631 100,374,041 108,122,653 2,453,978 40,705,536 5,081,389 - 31,458,097 4,909,316 - 31,360,366 4,436,960 - 25,210,199 4,909,316 - 6,247,898 - 45,786,925 36,367,413 35,797,326 30,119,515 6,247,898 572,946,395 312,745,803 649,646 524,284,352 273,619,143 1,044,531 501,321,015 260,719,306 669,065 518,405,896 270,337,782 1,044,531 5,878,456 3,281,361 - 886,341,844 798,948,026 762,709,386 789,788,209 9,159,817 Criminal Justice 3,197,158 94,075 - 2,651,278 381,482 - 3,291,233 3,032,760 Municipal Court Public Defender Other Total Criminal Justice Public Safety 46,150,896 23,498,532 97,640 42,555,783 21,000,794 44,854 69,747,068 63,601,431 Police Fire Other Total Public Safety - 30 - Citywide Operating Expenditures by Program (continued) For the Month Ended May 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 $ 5,247,416 984,684 24,561,462 8,548,536 39,342,098 $ 3,889,427 891,245 19,074,488 8,727,537 32,582,697 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 59,861,424 11,600,881 299,431,808 273,499,047 $ 50,441,110 10,368,336 254,909,647 241,276,568 $ 50,693,574 10,251,572 243,832,547 237,894,372 $ 50,328,560 10,368,336 205,903,704 191,256,628 $ 112,550 49,005,943 50,019,940 644,393,160 556,995,661 542,672,065 457,857,228 99,138,433 Community Development 3,519,761 6,410,169 2,135,110 2,725,597 2,896,466 6,321,854 1,658,766 1,949,379 Planning and Development Housing Economic Development Neighborhood Services Department 46,257,918 89,698,083 40,245,071 55,837,775 35,961,902 75,600,876 22,892,056 26,032,569 35,340,601 72,453,410 33,751,600 29,688,923 35,961,902 75,534,852 17,945,782 26,032,569 66,024 4,946,274 - 14,790,637 12,826,465 Total Community Development 232,038,847 160,487,403 171,234,534 155,475,105 5,012,298 101,188,842 35,777,708 5,825,781 60,133,639 11,544,369 62,029,657 4,123,444 3,968,465 82,987,439 31,224,615 5,681,408 53,638,004 10,278,602 56,096,219 3,601,384 3,202,841 83,000,188 29,843,699 5,719,140 49,840,578 10,129,298 50,633,120 3,363,038 1,347,523 81,341,995 31,224,615 5,681,408 36,057,031 55,863,666 3,601,384 3,202,841 1,645,444 17,580,973 10,278,602 232,553 - 284,591,905 246,710,512 233,876,584 216,972,940 29,737,572 Community Enrichment 8,214,499 3,157,908 478,005 4,011,097 930,494 5,786,126 437,361 291,721 7,412,893 2,032,850 422,702 938,289 920,388 5,539,625 386,873 57,327 23,307,211 17,710,947 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 May 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 $ 23,236,522 11,668,639 9,794,709 846,147 101,924 $ 45,647,941 23,908,952 8,626,096 6,917,611 3,110,852 123,955 42,687,466 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 $ 252,037,867 127,103,105 107,036,640 16,053,209 718,659 $ 255,067,663 110,432,956 109,808,818 19,727,267 844,435 $ 163,957,541 64,665,403 95,047,852 10,171,406 718,659 334,560,861 $ 88,080,326 62,437,702 11,988,788 5,881,803 - 588,371,485 502,949,480 495,881,139 168,388,619 197,050 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 17,200,351 180,629 13,362,765 26,034,787 763,722 4,454,367 366,529 12,480,033 1,908,451 4,961,536 6,908,098 1,290,549 11,500,100 820,508 6,408,902 5,732,247 7,231,184 36 1,265,802 13,844,798 4,677,688 5,637 15,763,313 189,227 473,932 10,412,380 23,958,454 858,418 5,615,091 627,362 11,012,382 1,854,842 6,745,649 7,056,195 1,149,950 9,969,635 45,931 9,047,690 3,375,966 2,611,581 126,792 2,513,501 10,999,140 8,079,717 5,757 7,161,445 - 180,629 13,362,765 26,034,787 763,722 4,454,367 366,529 12,480,033 1,908,451 4,961,536 6,908,098 1,290,549 11,500,100 820,508 6,408,902 5,732,247 7,231,184 36 1,265,802 13,844,798 4,677,688 5,637 15,763,313 General Obligation Debt Service 16,421 1,214,797 2,366,799 69,429 404,943 33,321 1,134,548 173,496 451,049 628,009 117,323 1,045,463 74,591 582,628 521,113 657,381 16 115,073 1,258,618 425,244 512 1,433,028 16,854 352,521 942,613 2,178,041 130,056 509,810 56,904 1,000,233 168,622 611,969 640,288 104,352 902,386 4,175 821,194 306,892 237,405 1 228,481 996,616 733,078 512 597,435 12,723,802 11,540,438 Total Debt Service 152,690,696 139,961,681 123,891,037 - 139,961,681 28,037,762 34,746,242 Capital Improvement 622,101,078 254,930,728 289,181,953 - 254,930,728 Contingencies 113,200,000 $ 247,110,715 $ 226,289,780 Aviation Civic Plaza Cultural Facilities Downtown Development Early Redemption Economic Development Fire Protection Freeway Mitigation Historic/Neighborhood Preservation Human Services Information Systems Libraries Maintenance Service Centers Mountain Preserves/Parks Municipal Administration Buildings Police Protection Public Housing Renovation Sanitary Sewers Secondary Property Tax Solid Waste Enterprise Bonds Storm Sewer Improvements Street Improvements Street Light Refinancing Water System Total Operating Budget $ 3,702,298,048 - 32 - $ 2,807,927,535 $ 2,755,618,065 $ 2,092,896,511 $ 715,031,024 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 1,500,000 7,179,704 207,000 9,394,718 1,261,282 33,094,271 630,000 57,859,078 1,142,650 5,267,406 86,637,476 3,211,245 108,752,538 22,217,690 188,870,997 $ 6,838,161 1,405,961 983,179 326,814 2,447,536 325,513 17,742,669 15,935,082 28,539 411,034 16,025,493 3,223,552 15,440,097 8,057,475 67,994,139 8,080 4,811,947 944,818 5,518,129 402,518 705,790 108,020 8,326,037 16,085 15,419,762 324,715 442,088 20,150,947 532,585 83,333,126 5,925,467 65,192,892 $ 537,757,522 $ 157,185,244 $ 212,163,006 $ $ $ 581,133,400 26,497,700 27,234,475 114,432,491 210,579,555 959,877,621 $ $ 505,191,980 21,379,866 4,474,090 35,069,207 83,677,628 649,792,771 $ 1,497,635,143 $ 806,978,015 From Operating Funds Actual Budget $ $ $ $ 217,509,384 22,825,325 18,214,154 30,866,442 86,045,127 375,460,432 $ 587,623,438 43,899 $ 9,098,553 1,500,000 3,953,728 113,850 7,708,250 15,473,169 30,000 8,191,520 200,000 2,462,633 53,364,858 1,692,088 89,770,676 83,938,163 6,834,273 1,405,961 891,956 180,114 1,120,029 4,788,775 5,081,179 17,433 278,817 12,231,004 379,862 14,729,348 48,376,678 277,541,387 $ 96,315,429 $ $ 67,168,712 6,048,700 22,393,121 68,958,178 179,990,980 344,559,691 $ 622,101,078 - 33 - 2015-16 Year-to-Date Capital Amounts From Capital Funds Budget Actual $ $ $ $ 47,361,769 2,634,949 3,969,391 28,934,549 75,714,641 158,615,299 $ 254,930,728 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 91,223 146,700 1,327,507 325,513 12,953,894 10,853,903 11,106 132,217 3,794,489 2,843,690 710,749 8,057,475 19,617,461 260,216,135 $ 60,869,815 $ $ 513,964,688 20,449,000 4,841,354 45,474,313 30,588,575 615,317,930 $ 875,534,065 Unencumbered Budget $ 1,117,899 2,575,407 94,039 6,196,525 (119,814) 6,947,182 935,769 15,351,602 630,000 41,923,996 1,114,111 4,856,372 70,611,983 (12,307) 93,312,441 14,160,215 120,876,858 $ 380,572,278 $ $ 457,830,211 18,744,917 504,699 6,134,658 7,962,987 491,177,472 $ 75,941,420 5,117,834 22,760,385 79,363,284 126,901,927 310,084,850 $ 552,047,287 $ 690,657,128 Bonds Authorized and Sold As of May 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 Dec 31,745 32,504 32,474 35,062 32,783 33,596 Jan 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 Apr 34,955 34,911 35,988 37,203 36,307 36,470 May May 32,521 34,699 33,165 33,049 34,236 34,017 June YTD thru May 367,773 372,533 383,228 386,633 381,668 384,989 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 Apr 9,744 11,037 11,285 12,265 12,975 12,390 June May 9,743 9,902 10,863 11,697 11,470 11,796 YTD thru May 102,745 108,131 115,655 120,905 125,659 125,054 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 Apr 3,482 3,676 3,826 4,408 5,512 4,258 June May 3,796 4,088 4,643 5,108 4,943 4,878 YTD thru May 41,965 43,535 46,911 50,266 53,818 50,531 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 Apr 161,330 160,782 162,046 169,860 173,752 173,219 May May 177,804 182,000 204,907 192,623 193,402 200,435 June YTD thru May 1,612,884 1,654,558 1,721,313 1,719,854 1,772,246 1,775,400 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 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 May Apr 33,111 34,980 31,467 32,304 30,759 32,286 June May 30,194 31,020 29,350 29,251 29,439 29,336 YTD thru May 309,206 319,235 302,761 310,516 315,844 304,032 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 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 May Apr 27,648 30,809 29,578 31,472 32,097 31,453 June May 32,635 34,663 36,292 32,249 34,122 35,878 YTD thru May 346,438 387,646 356,236 339,386 354,130 369,522 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 Apr 18,938 17,865 18,386 18,112 21,363 18,202 June May 19,734 17,982 18,299 17,762 18,555 18,096 YTD thru May 222,129 203,031 197,471 198,295 206,436 200,487 June 10,717 14,638 16,909 18,253 16,675