July 2016 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division City of Phoenix Monthly Financial Report July 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 Better than Expected be taken directly to that page of the report. Transportation 3 Better than Expected Community Development 3 Better than Expected From any page of the report, click on the Community Enrichment 4 Better than Expected City of Phoenix Bird Emblem to return to the Environmental Services 4 Better than Expected Table of Contents Citywide Expenditures Citywide Total Operating Expenditures 5 Better than Expected General Government 5 Better than Expected Criminal Justice 6 Better than Expected Public Safety 6 Better than Expected Better than Expected - Positive variance of Performance Status Transportation 7 Better than Expected greater than 1% actual vs budget. Community Development 7 Better than Expected Expected - Actual vs budget variance within 1% Community Enrichment 8 Better than Expected positive or negative. Environmental Services 8 Monitor and Consider Taking Action General Obligation Debt Service 9 Expected Monitor and Consider Taking Action - Negative variance greater than 1% actual vs budget. Capital Expenditures CIP-General Government 10 Corrective Action Taken - Negative variance CIP-Aviation 10 greater than 1% actual vs budget, however the CIP-Phoenix Convention Center 11 City has taken action to address the negative CIP-Solid Waste Disposal 11 variance. CIP-Wastewater 12 CIP-Water System 12 Revenues by Source General Fund Total Operating Revenue Page 13 Performance Status Monitor and Consider Taking Action Property Tax 14 Expected Local Sales Tax 15 Monitor and Consider Taking Action State Sales Tax 16 Monitor and Consider Taking Action Vehicle License Tax 17 Better than Expected Governmental Funds 18 Monitor and Consider Taking Action Aviation 19 Monitor and Consider Taking Action Water System 20 Monitor and Consider Taking Action 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. July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total General Fund Expenditures 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 99,645 1,038,092 9.6% 109,999 1,042,102 10.6% 111,441 1,051,395 10.6% 111,233 1,066,521 10.4% 99,620 1,139,061 8.7% * - For prior years-total actual expenditures, for current year-total approved budget net of adjustment for contingencies. Better than Expected Total General Fund General Government $1,200,000 $1,200,000 $1,000,000 $1,000,000 July YTD July YTD Expenditures Expenditures $800,000 $800,000 $600,000 $600,000 $400,000 $400,000 $200,000 $200,000 $0 $0 Annual Annual Expenditures * Expenditures * 12-13 13-14 12-13 14-15 15-16 16-17 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. The fiscal year 2016-17 budgeted general fund expenditures are 6.8% higher than the fiscal year 2015-16 actuals. Through July 2016, actual general fund expenditures are 10.4% lower than the same period in fiscal year 2015-16. General fund expenditures have gradually increased over the past 4 years with FY2015-16 expenditures 2.7% higher than FY2012-13. General Government 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 9,186 102,211 9.0% 11,829 100,400 11.8% 10,205 96,385 10.6% 8,890 105,240 8.4% 8,400 114,998 7.3% * - 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 July YTD Expenditures July YTD Expenditures $80,000 $60,000 Annual Expenditures * $60,000 $40,000 $40,000 $20,000 $20,000 Annual Expenditures * $0$0 12-1312-1313-14 13-14 15-16 14-15 14-15 16-17 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 July 2016 are 5.5% lower than the same period in the prior year. The fiscal year 2016-17 budget includes a 9.3% increase over fiscal year 2015-16 actuals. Fiscal year 2015-16 general fund general government expenditures were 3.0% higher than the fiscal year 2012-13 expenditures following two successive years of decreases in spending. -1- July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 3,503 33,453 10.5% 3,653 32,659 11.2% 3,535 31,018 11.4% 5,948 30,698 19.4% 2,235 33,206 6.7% * - 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 July YTD Expenditures July YTD Expenditures Annual Expenditures * Annual Expenditures * 12-13 13-14 14-15 $0 12-13 13-14 14-15 15-16 16-17 Criminal justice expenditures include costs for municipal courts and public defenders. General fund criminal justice expenditures through July 2016 are 62.4% lower than the same period in the prior year. In July 2015, the City encumbered the annual contracts for outside legal service, those contracts for fiscal year 2016-17 have not been encumbered as of July 2016. The fiscal year 2016-17 budget includes an 8.2% increase over fiscal year 2015-16 actuals. General fund criminal justice expenditures have decreased each year since fiscal year 2012-13 and were 8.2% lower in fiscal year 2015-16 than 2012-13. Public Safety 12-13 13-14 14-15 15-16 16-17 Transportation Public Safety July YTD Annual % of Annual Expenditures Expenditures * Expenditures 62,099 684,609 9.1% 67,778 699,796 9.7% 72,457 716,304 10.1% 71,611 737,129 9.7% 69,516 772,160 9.0% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $900,000 $800,000 $800,000 $700,000 $700,000 $600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $300,000 $200,000 $300,000 $100,000 $200,000 $0 $100,000 12-13 13-14 $0 12-13 July YTD Expenditures July YTD Expenditures 14-15 13-14 15-16 16-17 Annual Expenditures * Annual Expenditures * 14-15 Public safety expenditures include costs for police and fire services. General fund public safety expenditures through July 2016 are 2.9% lower than the same period in the prior year. The fiscal year 2016-17 budget includes a 4.8% increase over fiscal year 2015-16 actuals. General fund public safety expenditures have been steadily increasing at 2-3% per year since fiscal year 2012-13. - 2- July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 7,296 38,161 19.1% 5,782 29,713 19.5% 6,517 34,187 19.1% 6,675 17,473 38.2% 1,571 21,924 7.2% * - 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 July YTD Expenditures July YTD Expenditures Annual Annual Expenditures * Expenditures * 12-13 12-13 13-14 13-14 14-15 15-16 14-15 16-17 Transportation expenditures include costs for public transit and street maintenance and repair. General fund transportation expenditures through July 2016 are 76.5% lower than the same period in the prior year. The difference is primarily due to a timing difference for expenditure reimbursements from the AHUR fund. In fiscal year 2015-16, the first transfer from the AHUR fund did not occur until October 2015. The fiscal year 2016-17 budget includes a 25.5% increase over fiscal year 2015-16 actuals. General fund transportation expenditures decreased significantly in fiscal year 2015-16 from prior years due to the passage of proposition 104 which eliminated the need for approximately $16 million in support for the transit fund from the general fund. Community Development Community Enrichment Community Development 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 1,701 19,927 8.5% 2,293 20,210 11.3% 2,126 18,986 11.2% 1,906 18,571 10.3% 1,347 21,554 6.2% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $25,000 $25,000 July JulyYTD YTD Expenditures Expenditures $20,000 $20,000 $15,000 $15,000 $10,000 $10,000 Annual Expenditures * Annual Expenditures * $5,000 $5,000 $0 $0 12-13 12-13 13-14 13-14 14-15 15-16 14-15 16-17 Community development expenditures include costs for economic development and neighborhood services. General fund community development expenditures through July 2016 are 29.3% lower than the same period in the prior year. The fiscal year 2016-17 budget includes a 16.1% increase over fiscal year 2015-16 actuals. General fund community development expenditures showed a year over year decrease for the second straight year in fiscal year 2015-16. The fiscal year 2015-16 expenditures were 8.1% lower than the fiscal year 2013-14 expenditures. -3- July General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 14,472 141,209 10.2% 15,905 143,665 11.1% 14,284 138,024 10.3% 14,377 141,483 10.2% 14,606 151,008 9.7% * - 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 12-13 13-14 12-13 JulyYTD YTD July Expenditures Expenditures Annual Expenditures * Annual Expenditures * 14-15 13-14 15-16 16-17 14-15 Community enrichment expenditures include costs for parks, recreational activities, senior centers and community centers. General fund community enrichment expenditures through July 2016 are 1.6% higher than the same period in the prior year. The fiscal year 2016-17 budget includes a 6.7% increase over fiscal year 2015-16 actuals. Over the past four years, general fund community enrichment expenditures have remained relatively flat, with fiscal year 2015-16 expenditures 0.2% higher than fiscal year 2012-13. Environmental Total GeneralServices Fund Environmental Services 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 1,350 15,353 8.8% 2,754 13,748 20.0% 2,061 15,082 13.7% 1,721 12,143 14.2% 1,671 14,285 11.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 July YTD Expenditures Annual Expenditures * 12-13 12-13 13-14 14-15 13-14 15-16 14-15 16-17 Environmental service expenditures include costs for maintaining and operating city facilities. General Fund environmental services expenditures through July 2016 are 2.9% lower than the same period in the prior year. The fiscal year 2016-17 budget includes a 17.6% increase from fiscal year 2015-16 actuals. -4- Citywide Expenditures All expenditures of the City including those for enterprise functions and those related to dedicated revenue streams. Expenditures are reported in total and by program. July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total Citywide Operating 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 329,023 3,123,865 10.5% 396,320 3,054,098 13.0% 413,245 3,051,875 13.5% 281,867 3,156,441 8.9% 277,234 3,822,337 7.3% * - 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 $4,500,000 $3,500,000 $4,000,000 $3,000,000 $3,500,000 $2,500,000 $3,000,000 $2,500,000 $2,000,000 $2,000,000 $1,500,000 $1,500,000 $1,000,000 $1,000,000 $500,000 $500,000 $0 $0 Better than Expected July YTD July YTD Expenditures Expenditures Annual Annual Expenditures * Expenditures * 12-13 13-14 12-13 14-15 13-14 15-16 16-17 14-15 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 2016-17 anticipates an increase of 21.1% over prior year actuals in total operating expenditures. Actual expenditures through July 2016 are better than expected with a decrease of 1.6% from the same period in the prior year. General Government 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 8,636 114,015 7.6% 11,957 114,235 10.5% 10,471 108,690 9.6% 8,707 118,505 7.3% 8,448 139,120 6.1% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $120,000 $160,000 $100,000 $140,000 $120,000 $80,000 July YTD Expenditures July YTD Expenditures $100,000 $60,000 $80,000 $60,000 $40,000 Annual Expenditures * Annual Expenditures * $40,000 $20,000 $20,000 $0 12-13 12-13 13-14 14-15 13-14 16-17 15-16 General government expenditures include costs for administrative and internal service functions such as the Mayor and City Council, City Manager's Office, City Auditor, Finance, Budget and Research, and Human Resources. Citywide general government expenditures are better than expected with a decrease of 3.0% through July 2016 from the same period in the prior year. The budget anticipates an increase of 17.4% for fiscal year 2016-17 over prior year actuals. -5- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 4,247 41,290 10.3% 4,554 40,697 11.2% 4,310 39,265 11.0% 6,650 39,463 16.9% 3,079 48,118 6.4% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Public Safety Criminal Justice $60,000 $200,000 July YTD Expenditures July YTD Expenditures $50,000 $40,000 $30,000 Annual Expenditures * Annual Expenditures * $20,000 $0 $10,000 12-13 13-14 14-15 $0 12-13 13-14 14-15 15-16 16-17 Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s office. Citywide criminal justice expenditures are 53.7% lower through July 2016 than the same period in the prior year. The budgeted increase for fiscal year 2016-17 over prior year actuals is 21.9%. Public Safety 12-13 13-14 14-15 15-16 16-17 Transportation Public Safety July YTD Annual % of Annual Expenditures Expenditures * Expenditures 75,905 842,387 9.0% 81,520 842,270 9.7% 84,376 841,817 10.0% 82,409 874,558 9.4% 80,630 934,174 8.6% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected $1,000,000 $900,000 $800,000 $800,000 $700,000 $600,000 $600,000 $500,000 $400,000 $400,000 $200,000 $300,000 $200,000 $0 $100,000 12-13 13-14 $0 12-13 July YTD Expenditures July YTD Expenditures 14-15 15-16 16-17 Annual Expenditures * Annual Expenditures * 13-14 Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety expenditures through July 2016 are 2.2% lower than the same period in the prior year. The budgeted increase for fiscal year 2016-17 over prior year actuals is 6.8%. -6- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 101,426 582,381 17.4% 181,383 573,025 31.7% 191,924 582,486 32.9% 38,153 609,990 6.3% 38,922 671,988 5.8% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Transportation Community Development $700,000 $800,000 $700,000 $600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000 $100,000 $0 $0 July YTD Expenditures July YTD Expenditures Annual Annual Expenditures * Expenditures * 12-13 12-13 13-14 13-14 14-15 15-16 14-15 16-17 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 2.0% through July 2016 over the same period in the prior year. The budgeted increase for fiscal year 2016-17 over prior year actuals is 10.2%. Community Development 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 19,721 209,403 9.4% 19,937 194,542 10.2% 19,277 188,670 10.2% 17,153 174,956 9.8% 15,746 229,447 6.9% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected CommunityDevelopment Enrichment Community $250,000 $250,000 JulyYTD YTD July Expenditures Expenditures $200,000 $200,000 $150,000 $150,000 $100,000 $100,000 $50,000 $50,000 $0 $0 Annual Expenditures * Annual Expenditures * 12-13 12-13 13-14 13-14 14-15 15-16 14-15 16-17 Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development expenditures are better than expected with a decrease through July 2016 of 8.2% from the same period in the prior year. The 2016-17 budget includes an increase of 31.1% over 2015-16 actuals. -7- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 31,810 273,110 11.6% 25,840 272,326 9.5% 24,216 259,944 9.3% 26,092 273,179 9.6% 25,661 298,792 8.6% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services Community Enrichment $350,000 $300,000 $300,000 $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 JulyYTD YTD July Expenditures Expenditures Annual Expenditures * Annual Expenditures * 12-13 13-14 12-13 14-15 13-14 15-16 16-17 14-15 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 a decrease through July 2016 of 1.7% from the same period in the prior year. The budgeted increase for fiscal year 2016-17 over prior year actuals is 9.4%. Environmental Services 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 66,437 564,051 11.8% 47,970 577,118 8.3% 50,125 545,198 9.2% 45,832 555,711 8.2% 58,640 626,701 9.4% * - For prior years-total actual expenditures, for current year-total approved budget Monitor and Consider Taking Action General Obligation Services Debt Service Environmental $700,000 $700,000 $600,000 $600,000 JulyYTD YTD July Expenditures Expenditures $500,000 $500,000 $400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000 $100,000 $0 $0 Annual Expenditures * Annual Expenditures * 12-13 12-13 13-14 13-14 14-15 14-15 15-16 16-17 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 27.9% higher through July 2016 than the same period in the prior year. The budgeted increase for fiscal year 2016-17 over prior year actuals is 12.8%. -8- July Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 General Obligation Debt Service 12-13 13-14 14-15 15-16 16-17 July YTD Annual % of Annual Expenditures Expenditures * Expenditures 11,366 137,208 8.3% 8,399 100,524 8.4% 11,166 134,594 8.3% 12,724 154,710 8.2% 11,465 137,966 8.3% * - For prior years-total actual expenditures, for current year-total approved budget net of credit for early redemption fund resources Expected General Obligation Debt Service Total Citywide $180,000 $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 $012-13 JulyYTD YTD July Expenditures Expenditures Annual Expenditures * Annual Expenditures * 13-14 12-13 14-15 15-16 16-17 13-14 14-15 General obligation debt service expenditures through July 2016 are 9.9% lower than the same period in the prior year. Budgeted expenditures for fiscal year 201617 are 10.8% lower 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 12-13 13-14 $ 320,599 $ 263,112 Refer to detailed financial schedules pages 22 - 34 15-16 16-17 (Budget) $ 238,739 $ 605,459 14-15 $ 244,107 Discussion: 16-17 (YTD) $ 28,700 General Gov't Major Projects in fiscal year 2013-14 include technology acquisitions for E-Procurement and Regional Wireless Communications ($21 million), street projects ($67 million), and Police PACE Upgrade/Replacement ($12 million). 16-17 (YTD) 16-17 (Budget) 15-16 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). 14-15 13-14 12-13 $0 $200,000 $400,000 $600,000 $800,000 Major Projects in fiscal year 2015-16 include street construction, improvement and repair ($67 million), affordable and low income housing related projects ($19 million), parks and recreation projects ($22 million), and transit related projects ($62 million). The fiscal year 2016-17 capital budget includes $156.4 million for transit related projects, $121.5 million for street construction, repair and maintenance, $95.1 million for sidewalks, traffic signals, bridges, bike lanes and street lighting improvements and maintenance, and $82.0 million for parks and recreation related projects. Aviation 12-13 13-14 $ 168,639 $ 180,571 14-15 $ 259,616 15-16 16-17 (Budget) $ 522,633 $ 223,029 16-17 (YTD) $ 698 Discussion: Aviation 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. 16-17 (YTD) 16-17 (Budget) 15-16 Major projects in fiscal year 2015-16 include Terminal 3 Development ($373 million), Terminal 4 improvements and refurbishments ($28 million), Terminal 4 North Apron Reconstruction ($24 million) and improvements at the satellite airports ($17 million). 14-15 13-14 12-13 $0 $200,000 $400,000 $600,000 The fiscal year 2016-17 capital budget includes $17.0 million for Communications Center/EOC Design and Construction, $16.1 million for Terminal 4 North Apron Reconstruction, $15.0 million for RCC Building Improvements and $14.8 million for Terminal 3 Development. - 10 - Capital Expenditures (Dollars in Thousands) 12-13 Phx Convention Ctr $ 21,830 Refer to detailed financial schedules pages 22 - 34 14-15 13-14 $ 23,189 $ 16-17 (Budget) 15-16 24,633 Discussion: $ 24,554 $ 23,213 16-17 (YTD) $ 1,730 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 continued in fiscal year 2016-17. 16-17 (YTD) 16-17 (Budget) 15-16 14-15 13-14 12-13 $0 13-14 12-13 Solid Waste $ 8,605 $ 8,063 14-15 $ $10,000 16-17 (Budget) 15-16 22,832 $ 8,781 $ 30,145 $20,000 $30,000 16-17 (YTD) $ 83 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. 16-17 (YTD) 16-17 (Budget) 15-16 14-15 13-14 In fiscal year 2014-15 Solid Waste spent $16 million for the 27th avenue composting facility and $6 million for the SR85 landfill. 12-13 $0 $10,000 $20,000 $30,000 $40,000 In fiscal year 2015-16, Solid Waste has spent $2.5 million on the 27th Ave Resource Innovation Campus. The fiscal year 2016-17 capital budget includes $10.4 million for work at the SR85 landfill and $8.6 million at the 27th Avenue Resource Innovation Campus. - 11 - Capital Expenditures (Dollars in Thousands) 13-14 12-13 Wastewater $ 109,914 Refer to detailed financial schedules pages 22 - 34 $ 58,012 14-15 $ 16-17 (Budget) 15-16 39,880 $ 42,084 Discussion: $ 150,715 16-17 (YTD) $ 747 Wastewater Capital funds were used to pay $25 million, $50 million and $25 million of commercial paper in fiscal years 201112, 2012-13 and 2013-14 respectively. In fiscal year 1213 the department spent $21 million on the Broadway Road Parallel Sewer. 16-17 (YTD) 16-17 (Budget) 15-16 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. 14-15 13-14 12-13 $0 $50,000 $100,000 $150,000 $200,000 The fiscal year 2016-17 capital budget includes $92.5 million for pipeline construction, rehabilitation and replacement, $29.0 million for treatment plant improvements, and $21.7 million for lift station improvements and replacements. Water System 12-13 13-14 14-15 $ 110,333 $ 129,080 $ 117,196 15-16 $ 99,091 16-17 (Budget) $ 232,142 16-17 (YTD) $ 2,896 Discussion: Water System Major projects in fiscal year 2013-14 include construction of a new 20 million gallon concrete reservoir at Deer Valley WTP ($16 million). 16-17 (YTD) 16-17 (Budget) 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. 15-16 14-15 13-14 12-13 $0 $100,000 $200,000 $300,000 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, over $41 million has been spent for assessment, rehabilitation and replacement of hydrants, valves, mains and lines. The fiscal year 2016-17 capital budget includes $97.4 million for pipeline and water services construction, rehabilitation and replacement, $20.9 million for the demolition and restoration of the Verde WTP, and $12.6 million for rehabilitation at the Deer Valley WTP. - 12 - Revenues Sources of funds for the operations of the City including local taxes, state shared taxes, user fees and charges, and grants. General Fund Total Operating Revenue (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 General Fund Revenues $1,200,000 $1,000,000 July YTD Actuals $800,000 $600,000 $400,000 Annual Revenues* $200,000 $0 12-13 12-13 13-14 14-15 15-16 16-17 July YTD Actuals 67,992 72,193 73,562 66,172 60,266 Annual Revenues* 980,945 1,026,167 1,048,053 1,063,211 1,091,343 13-14 14-15 15-16 16-17 % of Annual Revenues 6.9% 7.0% 7.0% 6.2% 5.5% * - For prior years - total actual revenues, for current year - total approved budget Monitor and Consider Taking Action Fiscal year 2016-17 general fund operating revenues are budgeted to increase 2.6% over prior year actuals. Actual revenues through July 2016 are 8.9% lower 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 250,000 200,000 150,000 62,012 35,204 49,567 50,484 132,101 143,931 138,243 141,310 12-13 13-14 14-15 15-16 90,622 Secondary 100,000 50,000 145,141 Primary (50,000) FY 12-13 13-14 14-15 15-16 16-17 YTD 16-17 budget Total 194,112 179,136 187,811 191,793 (1,004) 235,763 July (1,733) (1,260) (1,107) (981) (1,004) (1,413) Aug 1,349 971 760 641 1,001 Sept 904 867 816 857 1,072 Oct 11,888 11,107 12,338 15,224 16,317 Nov 54,091 46,645 63,660 60,232 71,959 Dec 31,075 32,028 18,028 21,975 30,394 16-17 YTD Jan 7,015 7,180 8,869 8,268 10,261 Feb 4,743 3,818 2,958 3,815 4,469 16-17 budget Mar 6,670 5,668 5,135 5,779 6,997 Apr 8,323 7,300 9,411 9,409 11,021 May 44,111 44,562 45,939 42,177 55,984 June 25,676 20,250 21,004 24,397 27,701 Note: Monthly budget amount for 16-17 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 22.9% in fiscal year 2016-17 over fiscal year 2015-16 actuals. - 14 - Local Sales Tax (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Local Sales Tax Budget vs Actual 40,000 39,000 38,000 37,000 36,000 16-17 Actuals 35,000 16-17 budget 34,000 33,000 32,000 31,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Monitor and Consider Taking Action Local sales tax revenues for fiscal year 2016-17 are 1.6% below budget. The fiscal year 2016-17 budget includes an increase of 3.0% in local sales tax revenues over fiscal year 2015-16 actuals. Local Sales Tax 3 Year Trend 40,000 39,000 38,000 37,000 36,000 14-15 Actuals 35,000 15-16 Actuals 34,000 16-17 Actuals 33,000 32,000 31,000 30,000 29,000 1 2 3 4 5 6 7 8 9 10 11 12 Through July 2016 local sales tax revenues are 3.2% higher than the same period in the prior year. Fiscal year 2015-16, local sales tax revenues exceeded fiscal year 2014-15 revenues by 0.1%. 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 16-17 Actuals 16-17 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 Monitor and Consider Taking Action State shared sales tax revenues through July 2016 are 3.3% lower than budget expectations for that period. State Sales Tax 3 Year Trend 16,000 14,000 12,000 10,000 14-15 Actuals 8,000 15-16 Actuals 6,000 16-17 Actuals 4,000 2,000 1 2 3 4 5 6 7 8 9 10 11 12 Fiscal year 2015-16 state shared sales tax revenues were 4.0% higher than fiscal year 2014-15 which were 4.1% higher than fiscal year 2013-14. Through July 2016 state shared sales tax revenues are 1.8% 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 7,000 6,000 5,000 16-17 Actuals 4,000 16-17 budget 3,000 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 July 2016 are 4.3% higher than budget expectations for the same period. Vehicle License Tax 3 Year Trend 7,000 6,000 14-15 Actuals 5,000 15-16 Actuals 4,000 16-17 Actuals 3,000 2,000 1,000 1 2 3 4 5 6 7 8 9 10 11 12 State shared vehicle license tax revenues for fiscal year 2015-16 were 8.2% higher than fiscal year 2014-15 which were 7.0% over fiscal year 2013-14. Through July 2016 state shared vehicle license tax revenues are 12.1% higher than the same period in the prior year. 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 16-17 Actuals 150,000 16-17 budget 100,000 50,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Monitor and Consider Taking Action Governmental funds are those funds supported primarily through taxes, bonds and grants and include the general fund as well as funds with dedicated tax revenue streams. They do not include the enterprise funds. Governmental fund revenues through July 2016 are 9.7% lower than budget expectations for the period. Governmental Funds Revenues 3 Year Trend 300,000 250,000 2014-15 Actuals 200,000 2015-16 Actuals 150,000 2016-17 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 increased 6.9% over fiscal year 2014-15. Through July 2016, governmental funds revenues are 2.3% lower than the same period in the prior fiscal year. 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 16-17 Actuals 20,000 16-17 budget 15,000 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Monitor and Consider Taking Action Aviation operating revenues through July 2016 are 2.1% lower than budget expectations for the period. Aviation Operating Revenues 3 Year Trend 35,000 30,000 25,000 14-15 Actuals 20,000 15-16 Actuals 15,000 16-17 Actuals 10,000 5,000 1 2 3 4 5 6 7 8 9 10 11 12 Fiscal year 2014-15 aviation operating revenues were 3.0% higher than fiscal year 2013-14. Fiscal year 2015-16 aviation operating revenues were 1.6% higher than fiscal year 2014-15. Through July 2016, aviation operating revenues are 1.5% lower 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 16-17 Actuals 16-17 budget 30,000 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Monitor and Consider Taking Action Water system revenues through July 2016 are 4.8% lower than budget expectations for the period. Water System Operating Revenues 3 Year Trend 60,000 50,000 40,000 14-15 Actuals 15-16 Actuals 30,000 16-17 Actuals 20,000 10,000 1 2 3 4 5 6 7 8 9 10 11 12 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 for fiscal year 2015-16 were 6.8% higher than the the prior fiscal year. Through July 2016 revenues are 6.8% higher than the same period in the prior 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 20,000 19,500 19,000 18,500 16-17 Actuals 18,000 16-17 budget 17,500 17,000 16,500 16,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Better than Expected Wastewater revenues through July 2016 are 6.0% above budget expectations for the period. Wastewater Operating Revenues 3 Year Trend 25,000 20,000 14-15 Actuals 15,000 15-16 Actuals 16-17 Actuals 10,000 5,000 1 2 3 4 5 6 7 8 9 10 Click Here for Additional Information - 21 - 11 12 General Funds Summary Presents comparisons of year-to-date balances to the fiscal year budget and to the actual results for the prior year for the general fund. General Fund Revenue As of JULY 31 (dollars in thousands) Budget Estimate 2016-2017 Actual Year-to-Date 2016-2017 2015-2016 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 $ $ 433,000 2,455 $ 35,857 37 $ 34,740 70 141,696 187,210 61,042 145,141 2,786 10,090 11,269 15,946 5,712 (745) 176 (2,437) 11,070 14,520 5,095 (708) 155 (2,437) 14,327 915 13,803 672 7,818 1,680 3,472 1,070 75 604 32 935 154 401 1,136 65 1,557 51 849 105 6,625 34,700 12,299 3,500 14,737 (11,413) 1,486 297 810 (9,558) 1,713 269 855 1,091,343 - 22 - $ 60,266 $ 66,172 General Fund Expenditures As of JULY 31 (dollars in thousands) Actual Year-to-Date 2016-2017 2015-2016 Budget Estimate 2016-2017 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 3,537 2,361 36,081 1,959 2,552 20,266 2,777 4,230 10,745 3,281 23,274 2,104 114,998 95 $ 259 327 3,649 163 171 1,382 159 251 812 280 585 267 8,400 111 265 280 2,860 146 182 1,616 188 348 743 263 1,454 434 8,890 28,112 5,094 33,206 2,177 57 2,235 2,302 3,646 5,948 498,786 273,282 92 772,160 48,293 21,215 8 69,516 48,895 22,716 71,611 Transportation Street Transportation Public Transit Total Transportation 20,272 1,652 21,924 1,571 1,571 5,331 1,344 6,675 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 5,064 12,115 4,321 54 21,554 307 769 267 4 1,347 453 1,058 391 4 1,906 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 91,391 35,282 18,511 5,824 151,008 9,513 2,796 857 1,440 14,606 9,475 3,171 837 894 14,377 Environmental Services Public Works Environmental Programs Total Environmental Services 13,616 669 14,285 1,621 50 1,671 1,676 45 1,721 9,926 274 105 - - Criminal Justice Municipal Court Public Defender Total Criminal Justice Public Safety Police Fire Others Total Public Safety Capital Improvement Contingencies Total Expenditures and Encumbrances $ 83,146 $ 1,222,207 - 23 - $ 99,620 $ 111,233 Citywide Summary Presents the City's summarized comparisons of the year-to-date balances to the fiscal year budget and to the actual results for the prior year. Citywide Operating Revenue As of JULY 31 (dollars in thousands) Source General Funds Local Taxes: Sales Taxes Privilege License Fees State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax Primary Property Tax Licenses and Permits Cable Communications Municipal Court Police Library Fees Parks and Recreation Planning & Development Street Transportation Fire Interest Other Fees and Service Charges $ Total General Funds 433,000 2,455 $ $ 35,857 37 $ $ 34,740 70 141,696 187,210 61,042 145,141 2,786 10,090 15,242 13,803 672 7,818 1,680 3,472 46,999 3,500 14,737 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 11,269 15,946 5,712 (745) 176 (2,437) 1,145 604 32 935 154 401 (9,927) 297 810 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 11,070 14,520 5,095 (708) 155 (2,437) 1,201 1,557 51 849 105 6,625 (7,845) 269 855 1,091,343 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 29,933 86,075 29,991 6,020 208,470 4,089 47,058 12,051 27,518 116,542 48,139 5,414 47,391 294,816 95,364 Total Special Revenue and Debt Service Funds Total Enterprise Funds $ 60,266 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2,415 7,186 2,441 249 18,380 10,129 997 1,184 9,261 6,973 985 2,089 3,298 (260) 66,172 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2,345 6,940 2,356 382 15,325 980 9,151 1,085 1,005 8,612 3,738 20 4,965 5,785 (273) 1,058,871 65,327 341,495 64,247 420,996 223,816 147,789 28,314 4,576 50,220 18,836 12,379 1,198,343 114,325 109,306 239,918 $ 237,894 Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste Total Operating Revenues Actual Year-to-Date 2016-2017 2015-2016 Budget Estimate 2016-2017 3,348,557 - 24 - $ 62,416 $ $ $ $ $ 28,758 5,194 47,014 16,156 12,184 Citywide Operating Expenditures As of JULY 31 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2016-2017 2015-2016 Budget 2016-2017 8,400 $ 48 8,448 8,890 (183) 8,707 33,206 14,912 48,118 2,235 844 3,079 5,948 702 6,650 Public Safety General Funds Other Funds Total Public Safety 772,160 162,014 934,174 69,516 11,114 80,630 71,611 10,798 82,409 Transportation General Funds Other Funds Total Transportation 21,924 650,064 671,988 1,571 37,351 38,922 6,675 31,478 38,153 Community Development General Funds Other Funds Total Community Development 21,554 207,893 229,447 1,347 14,399 15,746 1,906 15,247 17,153 Community Enrichment General Funds Other Funds Total Community Enrichment 151,008 147,784 298,792 14,606 11,055 25,661 14,377 11,715 26,092 Environmental Services General Funds Other Funds Total Environmental Services 14,285 612,416 626,701 1,671 56,969 58,640 1,721 44,111 45,832 Debt Service General Funds Other Funds Total Debt Service 137,966 137,966 11,465 11,465 12,724 12,724 Capital Improvement General Funds Other Funds Total Capital Improvement 9,926 726,105 736,031 274 34,369 34,643 105 44,042 44,147 Contingencies General Funds Other Funds Total Contingencies 83,146 51,500 134,646 - - $ Criminal Justice General Funds Other Funds Total Criminal Justice Total Operating General Funds Other Funds Total Operating Budget $ 114,998 24,122 139,120 1,222,207 2,734,776 3,956,983 $ $ - 25 - 99,620 177,614 277,234 $ 111,233 170,634 281,867 Citywide Detail Presents, in detail, the results of the City's operations for the current month and for the fiscal year-to-date. Included are breakdowns of the City's revenues, operating budget expenditures, capital budget expenditures and bonds authorized and sold. Citywide Operating Revenue by Source For the Month Ended JULY 31 2016 2015 Budget Estimate 2016-2017 Source Actual Year-to-Date 2016-2017 2015-2016 General Funds $ 34,739,535 69,587 Local Taxes: Sales Taxes Privilege License Fees 35,893,769 34,809,122 Total Local Taxes 435,455,000 35,893,769 34,809,122 11,269,000 15,945,590 5,711,672 11,070,000 14,519,502 5,095,179 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 141,696,000 187,210,000 61,042,000 11,269,000 15,945,590 5,711,672 11,070,000 14,519,502 5,095,179 32,926,262 30,684,681 389,948,000 32,926,262 30,684,681 35,856,961 36,808 $ $ Total State Shared Taxes 433,000,000 2,455,000 (744,620) (707,757) Primary Property Tax 145,141,000 175,894 155,018 Licenses and Permits 2,786,000 $ 35,856,961 36,808 $ 34,739,535 69,587 (744,620) (707,757) 175,894 155,018 (2,436,844) (2,436,824) Cable Communications 10,090,000 (2,436,844) (2,436,824) 1,070,489 74,699 1,136,626 64,718 Municipal Court: Fines and Forfeitures Court Default Fee 14,326,586 915,000 1,070,489 74,699 1,136,626 64,718 1,145,188 1,201,344 15,241,586 1,145,188 1,201,344 603,804 1,556,961 13,803,108 603,804 1,556,961 31,574 51,248 672,215 31,574 51,248 934,730 848,636 Parks and Recreation 7,817,520 934,730 848,636 154,541 105,083 Planning and Development 1,679,900 154,541 105,083 400,950 6,625,302 Street Transportation 3,472,000 400,950 6,625,302 (11,412,869) 50,400 1,435,979 (9,558,308) 56,950 1,656,625 (9,926,490) (7,844,733) Total Municipal Court Police Library Fees Fire: Emergency Transportation Service Hazardous Materials Inspection Fee Other Total Fire 297,150 269,060 Interest 809,898 855,097 Other Fees and Service Charges 60,265,806 66,172,238 Total General Funds - 26 - 34,700,000 1,550,000 10,749,485 (11,412,869) 50,400 1,435,979 (9,558,308) 56,950 1,656,625 46,999,485 (9,926,490) (7,844,733) 3,500,000 297,150 269,060 14,737,022 809,898 855,097 1,091,342,836 60,265,806 66,172,238 Citywide Operating Revenue by Source (continued) For the Month Ended JULY 31 2016 2015 Budget Estimate 2016-2017 Source Actual Year-to-Date 2016-2017 2015-2016 Special Revenue and Debt Service Funds $ 1,680,580 120,041 600,207 13,807 $ 1,631,868 116,562 582,809 13,976 2,414,635 2,345,215 5,317,869 1,865,310 2,510 5,144,703 1,799,583 (4,374) 7,185,689 6,939,912 2,440,673 2,355,871 102,929 0 114,777 227 30,613 249,261 86 128,855 218 3,975 248,546 382,395 16,086,823 2,293,393 9,316,287 6,008,240 18,380,216 15,324,527 0 980,000 10,128,848 9,151,417 997,079 1,084,702 1,164,988 18,962 994,143 10,432 1,183,950 1,004,575 Neighborhood Protection: Police Neighborhood Protection Police Blockwatch Fire Neighborhood Protection Interest/Other Total Neighborhood Protection $ 20,744,000 1,481,000 7,413,000 295,376 $ 1,680,580 120,041 600,207 13,807 $ 1,631,868 116,562 582,809 13,976 29,933,376 2,414,635 2,345,215 64,007,000 22,023,000 45,000 5,317,869 1,865,310 2,510 5,144,703 1,799,583 (4,374) 86,075,000 7,185,689 6,939,912 29,991,315 2,440,673 2,355,871 3,710,739 0 2,225,017 (10,000) 94,257 102,929 0 114,777 227 30,613 249,261 86 128,855 218 3,975 6,020,013 248,546 382,395 206,782,000 1,687,788 16,086,823 2,293,393 9,316,287 6,008,240 208,469,788 18,380,216 15,324,527 4,088,873 0 980,000 Planning and Development 47,058,000 10,128,848 9,151,417 Capital Construction 12,051,000 997,079 1,084,702 Sports Facilities: Sales Taxes Interest/Other 18,702,000 8,815,726 1,164,988 18,962 994,143 10,432 27,517,726 1,183,950 1,004,575 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 Total Sports Facilities - 27 - Citywide Operating Revenue by Source (continued) For the Month Ended JULY 31 2016 2015 Budget Estimate 2016-2017 Source Actual Year-to-Date 2016-2017 2015-2016 Special Revenue and Debt Service Funds (Cont'd) $ $ Highway User Revenue: Highway User Revenue Interest Other 9,214,000 46,793 0 8,570,000 39,020 3,263 9,260,793 8,612,283 6,973,125 3,737,554 985,248 20,231 2,089,406 4,965,139 Other Restricted Fees 388,927 5,071,253 889,833 Grants: Public Housing: Rentals Grants Other 619,310 4,881,068 105,198 $ 5,605,576 6,350,013 11,145 0 216,206 (2,534,720) (104,099) 0 4,343,249 (4,804,100) (2,307,369) (564,950) 3,298,207 5,785,063 (259,803) 0 (272,795) 1 (259,803) (272,794) 65,326,612 62,416,090 Total Highway User Revenue Regional Transit Revenues Community Reinvestment $ Total Public Housing 115,992,000 400,000 150,000 9,214,000 46,793 0 8,570,000 39,020 3,263 116,542,000 9,260,793 8,612,283 48,139,440 6,973,125 3,737,554 5,413,996 985,248 20,231 47,391,330 2,089,406 4,965,139 6,457,040 79,392,390 6,174,228 $ 619,310 4,881,068 105,198 $ 388,927 5,071,253 889,833 92,023,658 5,605,576 6,350,013 43,099,854 82,258,927 39,982,633 37,451,348 11,145 0 216,206 (2,534,720) (104,099) 0 4,343,249 (4,804,100) Total Other 202,792,762 (2,307,369) (564,950) Total Grants 294,816,420 3,298,207 Other: Human Resources Federal Transit Administration Community Development Other G.O. Bond/Secondary Property Tax Secondary Property Tax Interest Total G.O. Bond/Secondary Property Tax Total Special Revenue and Debt Service Funds 5,785,063 90,622,120 4,741,740 (259,803) 0 (272,795) 1 95,363,860 (259,803) (272,794) 1,058,872,137 65,326,612 62,416,090 137,300,000 194,137,000 1,500,000 3,339,000 2,193,000 3,025,500 - 8,446,685 18,839,642 158,779 341,797 200,134 247,084 80,144 7,983,901 19,868,387 163,622 257,263 189,647 250,593 44,677 341,494,500 28,314,265 28,758,090 Enterprise Funds AVIATION: 8,446,685 18,839,642 158,779 341,797 200,134 247,084 80,144 7,983,901 19,868,387 163,622 257,263 189,647 250,593 44,677 28,314,265 28,758,090 Sky Harbor: Airlines Concessions Interest Other Phoenix-Goodyear Phoenix-Deer Valley Phoenix-Customer Facility Charge Total Aviation - 28 - Citywide Operating Revenue by Source (continued) For the Month Ended JULY 31 2016 2015 Budget Estimate 2016-2017 Source Actual Year-to-Date 2016-2017 2015-2016 Enterprise Funds (Cont'd) CONVENTION CENTER: $ 3,496,057 1,046,747 32,994 3,403,078 1,765,580 25,060 4,575,798 5,193,718 Excise Taxes Operating Revenue Interest Total Convention Center 46,726,000 17,303,084 218,012 3,496,057 1,046,747 32,994 3,403,078 1,765,580 25,060 64,247,096 4,575,798 5,193,718 WATER SYSTEM: $ 48,402,655 $ 363,900 931,414 562,172 133,260 165,297 (338,379) 45,254,840 511,271 1,549,019 63,581 203,940 155,821 (724,222) 50,220,319 47,014,250 Water Sales Water Service Fees Distribution Intergovernmental Development Fees Interest Other $ Total Water System 397,081,000 6,000,000 4,070,000 6,317,000 3,100,000 2,897,000 1,531,000 $ 48,402,655 363,900 931,414 562,172 133,260 165,297 (338,379) $ 45,254,840 511,271 1,549,019 63,581 203,940 155,821 (724,222) 420,996,000 50,220,319 47,014,250 192,431,000 15,822,000 3,100,000 1,435,000 11,028,000 15,637,246 1,809,000 128,220 142,971 1,118,823 15,524,924 198,240 118,643 314,426 223,816,000 18,836,260 16,156,233 129,906,427 8,647,399 305,000 8,929,739 10,774,496 678,774 54,920 870,561 10,732,463 575,019 45,653 830,532 147,788,565 12,378,751 12,183,667 1,198,342,161 114,325,393 109,305,958 WASTEWATER: 15,637,246 1,809,000 128,220 142,971 1,118,823 15,524,924 0 198,240 118,643 314,426 18,836,260 16,156,233 Sewer Service Charges Multi-City Development Fees Interest Other Total Wastewater SOLID WASTE: $ 10,774,496 678,774 54,920 870,561 10,732,463 575,019 45,653 830,532 12,378,751 12,183,667 114,325,393 109,305,958 239,917,811 $ 237,894,286 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ - 29 - 3,348,557,134 $ 239,917,811 $ 237,894,286 Citywide Operating Expenditures by Program For the Month Ended JULY 31 2016 2015 Budget Estimate 2016-2017 Program Actual Year-to-Date 2016-2017 2015-2016 2016-2017 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt General Government $ 94,524 259,137 349,697 3,869,100 53,482 185,142 199,942 1,465,683 159,323 250,905 596 924,607 66,224 53,825 138,744 7,555 279,503 893,687 (803,669) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 110,889 265,184 295,414 3,049,484 59,292 185,195 220,761 1,680,103 188,211 347,881 187,947 877,016 48,750 51,273 130,785 7,472 262,831 1,687,764 (949,176) 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 $ 1,831,303 3,536,511 2,434,048 39,031,830 1,106,274 2,312,584 2,993,238 21,174,127 2,776,856 4,230,396 483,110 12,095,007 423,470 965,149 90,813 3,281,194 35,268,429 5,085,426 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 94,524 259,137 349,697 3,869,100 53,482 185,142 199,942 1,465,683 159,323 250,905 596 924,607 66,224 53,825 138,744 7,555 279,503 893,687 (803,669) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 110,889 265,184 295,414 3,049,484 59,292 185,195 220,761 1,680,103 188,211 347,881 187,947 877,016 48,750 51,273 130,785 7,472 262,831 1,687,764 (949,176) $ 94,524 259,137 349,697 3,718,059 53,482 185,142 199,942 1,465,683 159,323 250,905 596 853,356 66,224 53,825 138,744 7,555 279,503 761,188 (803,669) 151,041 71,251 132,499 - - - Planning - $ - $ - - - - - Engineering and Architectural Services * - $ - $ - - - 8,448,007 8,707,076 Total General Government 139,119,765 8,448,007 8,707,076 8,093,216 354,791 3,004,104 3,646,210 - 2,405,944 57,689 - 615,378 - 6,650,314 2,463,633 615,378 55,961,336 26,395,820 51,352 55,168,545 24,760,605 74,291 434,835 191,723 - 82,408,508 80,003,441 626,558 Criminal Justice 3,021,322 57,689 - $ $ $ 3,079,011 3,004,104 3,646,210 6,650,314 Municipal Court Public Defender Other Total Criminal Justice 43,023,685 5,093,954 - $ $ $ 48,117,639 3,021,322 57,689 - $ $ $ 3,079,011 Public Safety 55,603,380 24,952,328 74,291 80,629,999 $ $ $ 55,961,336 26,395,820 51,352 82,408,508 Police Fire Other Total Public Safety 613,942,012 319,414,035 817,576 $ $ $ 934,173,623 55,603,380 24,952,328 74,291 80,629,999 - 30 - $ $ $ Citywide Operating Expenditures by Program (continued) For the Month Ended JULY 31 2016 2015 Budget Estimate 2016-2017 Program Actual Year-to-Date 2016-2017 2015-2016 2016-2017 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Transportation $ 5,167,339 864,062 24,112,401 8,778,073 $ $ $ $ 38,921,875 4,755,195 982,585 21,945,799 10,468,879 38,152,458 Street Transportation Street Lighting Aviation Public Transit Total Transportation $ 63,631,138 11,223,396 300,867,783 296,265,820 $ $ $ $ 671,988,137 5,167,339 864,062 24,112,401 8,778,073 $ $ $ $ 38,921,875 4,755,195 982,585 21,945,799 10,468,879 $ $ $ $ 38,152,458 5,133,447 864,062 19,383,546 2,678,705 $ $ $ $ 28,059,760 33,892 4,728,855 6,099,368 10,862,115 Community Development 3,387,720 8,728,839 1,616,670 2,013,275 $ $ $ $ 15,746,504 3,261,692 7,995,215 3,797,013 2,098,573 Planning and Development Housing Economic Development Neighborhood Services Department 53,383,420 91,468,988 27,958,662 56,636,330 17,152,493 Total Community Development 229,447,400 $ $ $ $ 3,387,720 8,728,839 1,616,670 2,013,275 $ $ $ $ 15,746,504 3,261,692 7,995,215 3,797,013 2,098,573 $ $ $ $ 17,152,493 3,387,720 8,722,727 1,322,672 2,013,275 $ $ $ $ 15,446,394 6,112 293,998 300,110 Community Enrichment 10,098,791 2,830,254 493,222 4,048,320 1,008,427 5,078,200 991,205 1,112,653 25,661,072 $ $ $ $ $ $ $ $ 10,281,995 3,204,359 501,371 4,732,912 943,015 5,390,312 223,155 815,309 26,092,428 Parks and Recreation Library Golf Convention Center Sports and Cultural Facilities Human Services Public Parking Facilities Other Total Community Enrichment 100,896,979 35,786,355 5,683,994 62,561,583 21,323,644 63,044,520 5,369,072 4,126,369 $ $ $ $ $ $ $ $ 298,792,516 10,098,791 2,830,254 493,222 4,048,320 1,008,427 5,078,200 991,205 1,112,653 25,661,072 - 31 - $ $ $ $ $ $ $ $ 10,281,995 3,204,359 501,371 4,732,912 943,015 5,390,312 223,155 815,309 26,092,428 $ $ $ $ $ $ $ $ 10,064,597 2,830,254 493,222 2,401,750 5,053,855 991,205 1,112,653 22,947,536 $ $ $ $ $ $ $ $ 34,194 1,646,570 1,008,427 24,345 2,713,536 Citywide Operating Expenditures by Program (continued) For the Month Ended JULY 31 2016 2015 Budget Estimate 2016-2017 Program Actual Year-to-Date 2016-2017 2015-2016 2016-2017 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Environmental Services $ 25,218,330 14,600,034 16,426,966 2,294,245 100,392 $ $ $ $ $ 58,639,967 22,978,704 10,398,807 9,549,998 2,796,126 108,838 45,832,473 Water System Wastewater Solid Waste Management Public Works Environmental Programs Total Environmental Services $ 310,106,196 150,254,281 143,052,099 21,871,143 1,416,815 $ $ $ $ $ 626,700,534 25,218,330 14,600,034 16,426,966 2,294,245 100,392 $ $ $ $ $ 58,639,967 22,978,704 10,398,807 9,549,998 2,796,126 108,838 $ $ $ $ $ 45,832,473 16,325,922 8,924,647 15,452,106 1,679,373 100,392 8,892,408 5,675,387 974,860 614,872 - 42,482,440 16,157,527 General Obligation Debt Service 16,421 1,292,609 2,362,056 69,263 377,390 28,508 1,113,166 173,095 587,335 536,322 106,581 1,141,993 32,525 574,148 443,902 180,849 6,000 115,327 1,330,649 423,786 513 552,718 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 11,465,156 34,642,874 $ 277,234,465 $ $ 16,421 1,214,797 2,366,799 69,429 404,942 33,321 1,134,548 173,496 451,049 628,009 117,323 1,045,464 74,592 582,627 521,113 657,380 115,073 1,258,618 425,244 512 1,433,029 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 197,050 15,511,312 28,344,673 831,150 4,528,684 342,100 13,357,995 2,077,138 7,048,023 6,435,857 1,278,972 13,703,919 390,300 6,889,780 5,326,824 2,621,013 1,250 1,383,925 15,967,791 5,085,434 6,150 6,636,627 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 12,723,786 Total Debt Service 137,965,967 44,147,133 Capital Improvement 736,030,934 $ Contingencies 134,646,000 $ 281,866,669 Total Operating Budget 16,421 1,292,609 2,362,056 69,263 377,390 28,508 1,113,166 173,095 587,335 536,322 106,581 1,141,993 32,525 574,148 443,902 180,849 6,000 115,327 1,330,649 423,786 513 552,718 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 11,465,156 3,956,982,515 34,642,874 277,234,465 - 32 - 16,421 1,214,797 2,366,799 69,429 404,942 33,321 1,134,548 173,496 451,049 628,009 117,323 1,045,464 74,592 582,627 521,113 657,380 115,073 1,258,618 425,244 512 1,433,029 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 12,723,786 $ $ 44,147,133 281,866,669 16,421 1,292,609 2,362,056 69,263 377,390 28,508 1,113,166 173,095 587,335 536,322 106,581 1,141,993 32,525 574,148 443,902 180,849 6,000 115,327 1,330,649 423,786 513 552,718 - 11,465,156 - $ - $ 210,961,576 34,642,874 66,272,889 Capital Expenditures and Encumbrances 2015-2016 Actual Yearto-Date 2016-2017 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 $ 11,330,679 1,200,000 11,413,707 669,511 14,804,412 1,178,482 22,284,888 600,000 57,947,399 629,126 3,466,031 80,004,816 965,000 156,367,083 8,561,919 232,918,410 $ 13,846 129,054 14,759 59,267 109 678,291 783,772 1,489 45,264 466,405 27,599 23,124,036 1,310,757 2,045,646 3,016,189 522,328 82,299 52,467 340 1,023,179 1,168 36,496 458,247 35,352 1,463,012 2,226,426 $ 605,459,362 $ 28,700,294 $ 8,917,503 $ $ 223,028,686 23,212,500 30,145,097 150,715,033 232,142,011 659,243,327 $ 1,264,702,689 $ $ 697,503 1,729,973 82,875 746,786 2,895,690 6,152,827 $ 34,853,121 $ $ 352,127,032 1,735,339 23,913 1,005,351 6,020,933 360,912,568 $ 369,830,071 2016-2017 Year-to-Date Capital Amounts From Capital Funds From Operating Funds Budget Actual Budget Actual $ $ $ 43,899 $ 11,330,679 1,200,000 8,178,707 368,231 14,337,250 13,978,065 9,263,393 200,000 1,193,653 59,950,157 900,000 136,524,247 138,112,127 13,846 129,054 14,759 153,468 780,425 195 39,326 460,075 24,921 23,096,311 1,326,600 395,580,408 $ 26,038,980 $ 67,466,730 2,763,500 28,944,000 66,911,650 174,364,646 340,450,526 $ 736,030,934 - 33 - $ $ 5,168,120 25,890 29,183 528,607 2,852,094 8,603,894 $ 34,642,874 $ $ $ 1,074,000 $ 3,235,000 301,280 467,162 1,178,482 8,306,823 600,000 48,684,006 429,126 2,272,378 20,054,659 65,000 19,842,836 8,561,919 94,806,283 59,267 109 524,823 3,347 1,294 5,938 6,330 2,678 27,725 1,310,757 719,046 209,878,954 $ 2,661,314 $ 155,561,956 20,449,000 1,201,097 83,803,383 57,777,365 318,792,801 $ $ $ 528,671,755 $ (4,470,617) 1,704,083 53,692 218,179 43,596 (2,451,067) 210,247 Unencumbered Budget $ 1,117,899 11,316,833 1,070,946 11,398,948 669,511 14,745,145 1,178,373 21,606,597 600,000 57,163,627 627,637 3,420,767 79,538,411 937,401 133,243,047 7,251,162 230,872,764 $ 576,759,068 $ $ 222,331,183 21,482,527 30,062,222 149,968,247 229,246,321 653,090,500 $ 1,229,849,568 Bonds Authorized and Sold As of JULY 31 (dollars in thousands) Authorized Sold Available 1988 Authorizations General Obligation Bonds Freeway Mitigation, Neighborhood Stabilization, and Slum and Blight Elimination Bonds Fully Issued $ Total General Obligation Bonds Revenue Bonds Bonds Fully Issued Total 1988 Authorizations 29,285 884,175 $ 28,285 884,175 $ 1,000 - 913,460 912,460 1,000 143,890 143,890 - 1,057,350 1,056,350 1,000 66,300 125,300 24,800 61,500 12,000 33,000 91,500 74,000 77,000 78,800 66,000 43,700 64,600 124,685 24,170 60,700 11,205 32,100 89,275 71,645 72,575 77,685 65,950 43,700 1,700 615 630 800 795 900 2,225 2,355 4,425 1,115 50 - 753,900 738,290 15,610 81,000 11,100 198,700 12,800 104,622 74,705 29,178 115,500 107,295 78,200 65,400 63,385 8,510 190,610 8,345 85,510 61,200 21,100 102,290 81,900 58,135 61,770 17,615 2,590 8,090 4,455 19,112 13,505 8,078 13,210 25,395 20,065 3,630 878,500 742,755 135,745 2001 Authorization General Obligation Bonds Education, Youth and Family Cultural Facilities Computer Technology Environmental Cleanup Fire Protection Historic Preservation Library Facilities Street Improvements Neighborhood Protection and Senior Centers Parks, Open Space, and Recreational Facilities Police Protection Storm Sewer and Flood Protection Bonds Fully Issued Total 2001 Authorizations 2006 Authorization General Obligation Bonds Affordable Housing and Neighborhood Revitalization Computer Technology Education and Health Science Facilities Environmental Cleanup Family, Senior, and Youth Cultural Facilities Fire Protection Library Facilities and Improvements Parks, Open Space, and Recreational Facilities Police Protection Street Improvements Storm Sewer and Flood Protection Total 2006 Authorizations Total Bond Program $ 2,689,750 - 34 - $ 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 12-13 Actuals 40,000 13-14 Actuals 35,000 14-15 Actuals 15-16 Actuals 30,000 16-17 Actuals 25,000 16-17 budget 20,000 15,000 July FY 12-13 13-14 14-15 15-16 16-17 16-17 budget July 34,005 36,360 35,365 34,740 35,857 36,447 Aug YTD thru July 34,005 36,360 35,365 34,740 35,857 36,447 Sept Oct Aug 34,276 35,589 36,414 35,137 36,692 Sept 34,254 35,873 35,290 35,079 36,454 Nov Oct 33,337 35,068 34,621 35,459 35,932 Dec Jan Nov 33,430 34,363 33,033 34,433 35,095 Feb Dec 32,504 32,474 35,062 32,783 34,463 Mar Jan 36,527 40,116 37,227 37,567 39,293 Note: City of Phoenix revenue is budgeted on an annual basis. 2016-17 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 2015-16 actual revenues. Return to Summary Page - A1 - Apr Feb 32,542 32,084 34,432 32,793 34,211 May Mar 32,047 32,147 34,938 33,135 34,319 June Apr 34,911 35,988 37,203 36,307 37,469 May 34,699 33,165 33,049 34,236 35,067 June 38,243 34,898 33,017 38,598 37,558 State Sales Tax (Dollars in Thousands) State Sales Tax 15,000 12-13 Actuals 14,000 13-14 Actuals 13,000 14-15 Actuals 12,000 15-16 Actuals 11,000 16-17 Actuals 16-17 budget 10,000 9,000 8,000 7,000 6,000 5,000 July FY 12-13 13-14 14-15 15-16 16-17 16-17 budget Aug July 9,907 10,309 11,103 11,070 11,269 11,652 YTD thru July 9,907 10,309 11,103 11,070 11,269 11,652 Sept Oct Aug 8,755 9,616 9,712 10,222 10,529 Sept 9,240 10,012 10,552 11,237 11,281 Nov Oct 9,229 9,923 10,307 10,688 11,035 Dec Jan Nov 9,456 9,673 10,295 11,100 11,139 Feb Dec 9,462 10,296 10,695 11,623 11,566 Mar Jan 11,986 12,744 13,173 13,760 14,201 Note: City of Phoenix revenue is budgeted on an annual basis. 2016-17 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 2015-16 actual revenues. Return to Summary Page - A2 - Apr Feb 9,270 10,430 10,244 10,375 11,082 May Mar 9,887 10,506 10,861 11,139 11,653 June Apr 11,037 11,285 12,265 12,975 13,074 May 9,902 10,863 11,697 11,470 12,075 June 10,599 11,350 11,314 11,886 12,409 Vehicle License Tax (Dollars in Thousands) Vehicle License Tax 6,000 12-13 Actuals 5,500 13-14 Actuals 5,000 14-15 Actuals 4,500 15-16 Actuals 4,000 16-17 Actuals 3,500 16-17 budget 3,000 2,500 2,000 July FY 12-13 13-14 14-15 15-16 16-17 Budget 16-17 Aug July 4,493 4,752 4,963 5,095 5,712 5,477 Sept YTD thru July 4,493 4,752 4,963 5,095 5,712 5,477 Oct Aug 3,982 4,663 5,004 5,133 5,329 Nov Sept 3,852 3,992 3,749 4,087 4,449 Dec Jan Oct 3,535 3,912 4,415 4,922 4,762 Nov 3,582 3,958 4,198 4,291 4,548 Feb Dec 3,993 3,872 3,857 4,550 4,617 Mar Apr Jan 3,572 3,936 4,661 5,195 4,926 Feb 4,141 4,799 4,920 5,024 5,358 Note: City of Phoenix revenue is budgeted on an annual basis. 2016-17 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 2015-16 actual revenues. Return to Summary Page - A3 - May Mar 4,623 4,559 4,984 5,065 5,456 June Apr 3,676 3,826 4,408 5,512 4,942 May 4,088 4,643 5,108 4,943 5,328 June 4,834 4,778 5,027 5,983 5,850 Governmental Funds Revenue (Dollars in Thousands) Governmental Funds Revenue 240,000 2012-13 Actuals 220,000 2013-14 Actuals 200,000 2014-15 Actuals 180,000 2015-16 Actuals 160,000 2016-17 Actuals 16-17 budget 140,000 120,000 100,000 80,000 60,000 40,000 20,000 July FY 12-13 13-14 14-15 15-16 16-17 Budget 16-17 July 117,069 125,711 127,962 128,588 125,592 139,064 Aug YTD thru July 117,069 125,711 127,962 128,588 125,592 139,064 Sept Aug 123,710 137,320 138,394 155,197 154,877 Oct Sept 131,313 157,974 133,016 129,829 154,483 Nov Oct 145,692 143,773 155,801 160,655 168,763 Dec Nov 188,162 188,461 193,744 195,040 212,629 Jan Dec 167,796 169,767 162,290 172,648 187,600 Feb Jan 160,895 153,911 151,099 160,567 174,641 Note: City of Phoenix revenue is budgeted on an annual basis. 2016-17 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 2015-16 actual revenues. Return to Summary Page - A4 - Mar Feb 134,498 132,551 144,296 141,861 154,397 Apr Mar 142,641 144,892 150,768 160,707 167,745 May Apr 160,782 162,046 169,860 173,752 186,710 June May 182,000 204,907 192,623 193,402 215,476 June 241,207 177,153 167,673 244,902 233,830 Aviation Revenues (Dollars in Thousands) Aviation Operating Revenues 40,000 12-13 Actuals 35,000 13-14 Actuals 14-15 Actuals 30,000 15-16 Actuals 25,000 2016-17 Actuals 16-17 budget 20,000 15,000 10,000 July FY 12-13 13-14 14-15 15-16 16-17 Budget 16-17 Aug July 28,080 31,036 27,544 28,758 28,314 28,922 Sept YTD thru July 28,080 31,036 27,544 28,758 28,314 28,922 Oct Aug 26,231 22,760 26,594 27,373 25,800 Nov Sept 28,144 26,677 27,855 28,151 27,771 Dec Oct 30,124 26,505 26,489 29,050 28,108 Jan Nov 26,471 26,222 27,610 29,039 27,399 Feb Dec 28,146 27,171 27,853 25,795 27,305 Mar Apr Jan 27,054 26,659 27,917 28,789 27,669 Feb 27,884 26,561 26,683 27,161 27,136 Note: City of Phoenix revenue is budgeted on an annual basis. 2016-17 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 2015-16 actual revenues. Return to Summary Page - A5 - May Mar 31,100 28,352 30,414 31,530 30,420 June Apr 34,980 31,467 32,304 30,759 32,453 May 31,020 29,350 29,251 29,439 29,834 June 28,463 27,200 29,272 29,507 28,677 Water System Revenues (Dollars in Thousands) Water System Operating Revenues 80,000 12-13 Actuals 75,000 70,000 13-14 Actuals 65,000 60,000 14-15 Actuals 55,000 15-16 Actuals 50,000 45,000 16-17 Actuals 40,000 16-17 budget 35,000 30,000 25,000 20,000 15,000 10,000 July FY 12-13 13-14 14-15 15-16 16-17 Budget 16-17 Aug July 79,417 49,017 50,166 47,014 50,220 52,726 Sept YTD thru July 79,417 49,017 50,166 47,014 50,220 52,726 Oct Aug 42,419 42,137 40,684 43,100 45,414 Nov Sept 42,446 41,144 36,711 42,235 43,310 Dec Oct 34,197 34,917 30,601 34,778 36,172 Jan Nov 36,338 34,774 32,130 30,252 35,039 Feb Dec 25,523 22,327 24,573 24,406 25,717 Mar Apr Jan 21,738 22,872 21,031 22,460 23,934 Feb 18,711 21,185 19,044 19,179 21,425 Note: City of Phoenix revenue is budgeted on an annual basis. 2016-17 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2013-14 through FY 2015-16 revenues. Return to Summary Page - A6 - May Mar 21,386 21,993 20,725 24,487 24,238 June Apr 30,809 29,578 31,472 32,097 33,594 May 34,663 36,292 32,249 34,122 37,025 June 37,680 42,563 32,329 42,680 42,402 Wastewater Revenues (Dollars in Thousands) Wastewater Operating Revenues 12-13 Actuals 27,000 13-14 Actuals 14-15 Actuals 22,000 15-16 Actuals 16-17 Actuals 16-17 budget 17,000 12,000 7,000 2,000 July FY 12-13 13-14 14-15 15-16 16-17 Budget 16-17 Aug July 17,547 17,634 18,325 16,156 18,836 17,763 Sept YTD thru July 17,547 17,634 18,325 16,156 18,836 17,763 Oct Aug 18,057 18,252 18,520 18,477 18,832 Nov Sept 17,930 18,224 18,337 21,171 19,677 Dec Jan Oct 17,684 17,798 17,754 18,058 18,273 Nov 20,958 20,452 17,529 17,530 18,921 Feb Dec 17,744 17,763 18,276 18,697 18,656 Mar Apr Jan 25,337 17,618 18,183 19,384 18,809 Feb 17,663 18,058 17,960 18,385 18,543 Note: City of Phoenix revenue is budgeted on an annual basis. 2016-17 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2013-14 through FY 2015-16 actual revenues. Return to Summary Page - A7 - May Mar 14,263 14,986 17,538 18,659 17,445 June Apr 17,865 18,386 18,112 21,363 19,722 May 17,982 18,299 17,762 18,555 18,616 June 14,638 16,909 18,253 19,289 18,559