August 2020 Monthly Financial Report PREPARED BY Financial Accounting & Reporting Division August 30, 2020 To the Mayor and City Council: This is the City's Financial Report for August, the second month of fiscal year 2020-21. This financial report summarizes revenues and expenditures by major categories. The report consists of three sections: Expenditures by Program General Fund Presents a five year history, including current year budget and actual, and variance and trend analysis for general fund expenditures. Citywide Presents a five year history, including current year budget and actual, and variance and trend analysis for citywide expenditures. Revenues by Source Presents a current year budget to actual analysis as well as a three year variance and trend analysis for various revenue sources. Financial Schedules General Fund 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. 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 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. Respectfully submitted, Denise Olson Chief Financial Officer Joe Jatzkewitz Deputy Finance Director October 16, 2020 CITY AUDITOR REPORT To the Chief Financial Officer, We have assessed the Finance Department’s (Finance) August 2020 Monthly Financial Report (MFR) in accordance with the agreed-upon procedures engagement between Finance and the City Auditor Department (Audit). The City Charter requires Finance to prepare a monthly, written report to the City Council detailing expenditures, revenues, and the City’s financial condition. Finance is responsible for compiling an accurate and complete MFR. Finance and Audit entered into an agreed-upon procedures engagement for the assessment of the MFR on October 7, 2020. The agreed-upon procedures include the following: • Verification of mathematical calculations presented within the MFR, and • Reconciliation of stated financial data presented within the MFR to historical data supplied by Finance. This engagement was conducted in accordance with the attestation standards established by Generally Accepted Government Auditing Standards (GAGAS). Because the agreed-upon procedures listed above do not constitute an examination or a review, we will not express an opinion on the MFR as a whole. Had we performed additional procedures, other matters may have come to our attention which would have been reported. The sufficiency of the procedures is solely the responsibility of parties specified in the agreed-upon procedures engagement agreement. Based on the agreed-upon procedures, we verified that the presented financial data was mathematically accurate and tied to historical data presented in the MFR. Sincerely, For Ross Tate City Auditor City of Phoenix Monthly Financial Report August 2020 Table of Contents Expenditures by Programs Page Performance Status General Fund Expenditures Report Navigation General Fund Total Expenditures 1 Better than Expected 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 Monitor and Consider Taking Action Table of Contents Citywide Expenditures Citywide Total Operating Expenditures 5 Better than Expected General Government 5 Monitor and Consider Taking Action Criminal Justice 6 Better than Expected Performance Status Public Safety 6 Better than Expected 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 Expected Monitor and Consider Taking Action - Negative General Obligation Debt Service 9 Expected variance greater than 1% actual vs budget. Capital Expenditures CIP-General Government 10 Corrective Action Taken - Negative variance CIP-Aviation 10 greater than 1% actual vs budget, however the CIP-Phoenix Convention Center 11 City has taken action to address the negative CIP-Solid Waste Disposal 11 variance. CIP-Wastewater 12 CIP-Water System 12 Revenues by Source General Fund Total Operating Revenue Page 13 Performance Status Better than Expected Property Tax 14 Expected Local Sales Tax 15 Better than Expected State Sales Tax 16 Better than Expected 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 Expected 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. August General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total General Fund Expenditures 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 193,512 1,105,361 17.5% 214,974 1,177,280 18.3% 216,652 1,214,362 17.8% 236,388 1,282,831 18.4% 233,679 1,388,617 16.8% * - 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 $1,600,000 $1,400,000 $1,400,000 $1,200,000 $1,200,000 $1,000,000 $1,000,000 $800,000 $800,000 August YTD Expenditures August YTD Expenditures $600,000 $600,000 Annual Annual Expenditures *Expenditures * $400,000 $400,000 $200,000 $200,000 $0 $0 16-17 17-18 16-17 18-19 19-20 20-21 17-18 18-19 In order to have a better comparison to prior year actuals, contingencies and vacancy savings 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 2020-21 budgeted general fund expenditures are 8.2% higher than the fiscal year 2019-20 actuals. Fiscal year 2020-21 actual general fund expenditures through August are 1.1% lower than the same period in fiscal year 2018-19. General fund expenditures increased 5.6% in fiscal year 2019-20 over fiscal year 2018-19. This followed increases of 3.1% and 6.5% in the two prior years. General Government 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 16,482 106,754 15.4% 20,003 110,408 18.1% 23,945 114,393 20.9% 23,125 123,100 18.8% 27,039 152,890 17.7% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Criminal Justice General Government $140,000 $180,000 $120,000 $160,000 $100,000 $140,000 $120,000 $80,000 $100,000 $60,000 $80,000 $60,000 $40,000 $40,000 $20,000 $20,000 $0 August YTD Expenditures August YTD Expenditures Annual Expenditures * Annual Expenditures * 16-1717-18 16-17 17-18 18-19 19-20 18-19 20-21 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. The fiscal year 2020-21 budget includes a 24.2% increase over fiscal year 2019-20 actuals. General fund general government expenditures through August are 16.9% higher than the same period in the prior fiscal year. General fund general government expenditures increased 7.6% in fiscal year 2019-20 over fiscal year 2018-19. This followed increases of 3.6% and 3.4% in the prior two years. 1 August General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice Criminal Justice August YTD Annual % of Annual Expenditures Expenditures * Expenditures 5,301 31,595 16.8% 5,668 32,232 17.6% 5,849 33,387 17.5% 6,145 35,033 17.5% 6,278 37,540 16.7% $40,000 * - For prior years-total actual expenditures, for current year-total approved budget $5,000 16-17 17-18 18-19 19-20 20-21 Better than Expected August YTD Expenditures $35,000 $30,000 $25,000 Annual Expenditures * $20,000 $15,000 $10,000 $0 16-17 17-18 18-19 19-20 20-21 Criminal justice expenditures include costs for municipal courts and public defenders. The fiscal year 2020-21 budget includes a 7.2% increase over fiscal year 2019-20 actuals. General fund criminal justice expenditures through August are 2.2% higher than the same period in the prior fiscal year. General fund criminal justice expenditures increased 4.9% in the fiscal year 2019-20 over fiscal year 2018-19. This followed increases of 3.6% and 2.0% in the prior two years. Public Safety Public Safety August YTD Annual % of Annual Expenditures Expenditures * Expenditures 133,920 764,482 17.5% 146,896 817,960 18.0% 146,402 841,467 17.4% 158,022 893,403 17.7% 155,388 944,681 16.4% $1,000,000 * - For prior years-total actual expenditures, for current year-total approved budget $0 16-17 17-18 18-19 19-20 20-21 $800,000 August YTD Expenditures $600,000 $400,000 Annual Expenditures * $200,000 16-17 17-18 18-19 19-20 20-21 Better than Expected Public safety expenditures include costs for police and fire services. The general fund public safety fiscal year 2020-21 budget includes a 5.7% increase over fiscal year 2019-20 actuals. Through August, general fund public safety expenditures are 1.7% lower than the prior fiscal year. General fund public safety expenditures increased 6.2% over fiscal year 2019-20 over the fiscal year 2018-19. This followed increases of 2.9% and 7.0% in the prior two years. 2 August General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation Community Development Transportation August YTD Annual % of Annual Expenditures Expenditures * Expenditures 4,424 17,878 24.7% 5,586 16,366 34.1% 811 18,337 4.4% 2,127 19,748 10.8% 2,020 20,762 9.7% $1 $30,000 * - For prior years-total actual expenditures, for current year-total approved budget $0 16-17 17-18 18-19 19-20 20-21 Better than Expected $1 Series1 August YTD Expenditures $1 $20,000 $1 $0 $10,000 Annual Series2 Expenditures * $0 $0 16-17 17-18 18-19 19-20 20-21 Transportation expenditures include costs for public transit and street maintenance and repair. General Fund transportation expenditures for fiscal year 2020-21 are budgeted to increase 5.1% over fiscal year 2019-20 actuals. Prior to fiscal year 2018-19 street transportation department charged expenses to the general fund and subsequently transferred some of those expenses to the AHUR fund. Beginning in fiscal year 2018-19 street transportation is charging the majority of expenses to AHUR and will be transferring a portion of those to the General Fund. Through August, General fund transportation expenditures are 5.0% lower than the same period in the prior fiscal year. Community Development 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 3,125 19,709 15.9% 3,516 20,243 17.4% 3,408 21,238 16.0% 3,803 22,542 16.9% 3,820 24,761 15.4% * - For prior years-total actual expenditures, for current year-total approved budget Community Development $30,000 August YTD Expenditures $25,000 $20,000 $15,000 $10,000 Annual Expenditures * $5,000 $0 16-17 Better than Expected 17-18 18-19 19-20 20-21 Community development expenditures include costs for economic development and neighborhood services. The fiscal year 2020-21 budget includes a 9.8% increase over fiscal year 2019-20 actuals. General fund community development expenditures through August are 0.4% higher than the same period in the prior fiscal year. General fund community development expenditures increased in fiscal year 2019-20 over fiscal year 2018-19 by 6.1%. This follows a year over year increase of 4.9% in fiscal year 2018-19 and 2.7% increase in the 2017-18 fiscal year. 3 August General Fund YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment Community Enrichment August YTD Annual % of Annual Expenditures Expenditures * Expenditures 27,208 146,749 18.5% 29,852 156,325 19.1% 31,810 156,552 20.3% 37,124 155,417 23.9% 33,436 169,541 19.7% $200,000 * - For prior years-total actual expenditures, for current year-total approved budget $0 16-17 17-18 18-19 19-20 20-21 August YTD Expenditures $160,000 $120,000 Annual Expenditures * $80,000 $40,000 16-17 17-18 18-19 19-20 20-21 Better than Expected Community enrichment expenditures include costs for parks, recreational activities, senior centers and community centers. The fiscal year 2020-21 budget includes a 9.1% increase over fiscal year 2019-20 actuals. Through August, general fund community enrichment expenditures are 9.9% lower than the same period in the prior fiscal year. General fund community enrichment expenditures decreased 0.7% in fiscal year 2019-20 over fiscal year 2018-19. This followed increases of 0.1% and 6.5% in the prior two years. Environmental Services 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 2,242 12,775 17.5% 2,704 12,624 21.4% 3,811 16,886 22.6% 4,571 19,180 23.8% 4,961 18,799 26.4% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services $24,000 August YTD Expenditures $20,000 $16,000 $12,000 $8,000 Annual Expenditures * $4,000 $0 16-17 Monitor and Consider Taking Action 17-18 18-19 19-20 20-21 Environmental service expenditures include costs for maintaining and operating city facilities. The fiscal year 2020-21 budget includes a 2.0% decrease from fiscal year 2019-20 actuals. Because environmental service expenditures are highly dependent on interdepartmental charges, they tend to be very volatile. Through August, general fund environmental services expenditures are 8.5% higher than the prior fiscal year. 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. August Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Total Citywide Operating 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 679,730 3,468,589 19.6% 731,246 3,547,078 20.6% 866,198 3,775,464 22.9% 874,218 3,814,963 22.9% 827,457 4,639,964 17.8% * - For prior years-total actual expenditures, for current year-total approved budget net of adjustments for contingencies and use of the early redemption fund. Total Citywide $5,000,000 August YTD Expenditures $4,000,000 $3,000,000 $2,000,000 Annual Expenditures * $1,000,000 $0 16-17 17-18 18-19 19-20 20-21 Better than Expected In order to have a better comparison to prior year actuals, coronavirus relief fund, contingencies and vacancy savings will only be included in the annual budget to the extent that they have been spent. Without coronavirus relief fund, contingencies and vacancy savings, the budget for fiscal year 2020-21 anticipates an increase of 21.6% over fiscal year 2019-20 actuals in total operating expenditures. Actual expenditures through August are 5.4% lower than the same period in the prior fiscal year. General Government 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 18,232 121,863 15.0% 22,833 134,117 17.0% 25,768 138,349 18.6% 24,476 157,200 15.6% 35,888 178,719 20.1% * - For prior years-total actual expenditures, for current year-total approved budget Monitor and Consider Taking Action General Government $200,000 August YTD Expenditures $150,000 $100,000 Annual Expenditures * $50,000 $0 16-17 17-18 18-19 19-20 20-21 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 through August are 46.6% higher than the same period in the prior fiscal year. The budget anticipates an increase of 13.7% for fiscal year 2020-21 over fiscal year 2019-20 actuals. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. 5 August Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Criminal Justice 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 6,886 41,117 16.7% 6,689 38,411 17.4% 6,222 42,530 14.6% 7,922 44,425 17.8% 7,766 47,008 16.5% * - For prior years-total actual expenditures, for current year-total approved budget Criminal Justice $50,000 August YTD Expenditures $40,000 $30,000 Annual Expenditures * $20,000 $10,000 $0 16-17 Better than Expected 17-18 18-19 19-20 20-21 Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s office. Citywide criminal justice expenditures are 2.0% lower through August than the same period in the prior fiscal year. The budgeted increase for fiscal year 2020-21 over fiscal year 2019-20 actuals is 5.8%. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. Public Safety 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 156,251 908,553 17.2% 168,172 970,771 17.3% 173,732 1,025,513 16.9% 191,885 1,110,457 17.3% 190,077 1,165,317 16.3% * - For prior years-total actual expenditures, for current year-total approved budget Public Safety $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 August YTD Expenditures Annual Expenditures * 16-17 17-18 18-19 19-20 20-21 Better than Expected Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety expenditures through August are 0.9% lower than the same period in the prior fiscal year. The budgeted increase for fiscal year 2020-21 over fiscal year 2019-20 actuals is 4.9%. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. 6 August Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Transportation 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 237,140 642,850 36.9% 267,099 709,977 37.6% 265,502 722,667 36.7% 319,452 774,492 41.2% 287,013 952,224 30.1% * - For prior years-total actual expenditures, for current year-total approved budget Transportation $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 August YTD Expenditure s Annual Expenditure s* 16-17 Better than Expected 17-18 18-19 19-20 20-21 Transportation expenditures include costs for Street lighting, maintenance and repair, Aviation and Public Transit. Citywide transportation expenditures are 10.2% lower through August than the same period in the prior fiscal year. The budget anticipates an increase of 22.9% for fiscal year 2020-21 from fiscal year 2019-20 actuals. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. Community Development 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 31,094 188,365 16.5% 32,539 203,096 16.0% 32,470 195,716 16.6% 34,484 229,793 15.0% 39,595 273,969 14.5% * - For prior years-total actual expenditures, for current year-total approved budget Better than Expected Community Development $300,000 August YTD Expenditures $250,000 $200,000 $150,000 Annual Expenditures * $100,000 $50,000 $0 16-17 17-18 18-19 19-20 20-21 Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development expenditures through August are 14.8% higher than the same period in the prior fiscal year. The fiscal year 2020-21 budget includes an increase of 19.2% over fiscal year 2019-20 actuals. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. 7 August Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Community Enrichment 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 49,835 292,983 17.0% 54,502 306,763 17.8% 64,987 317,465 20.5% 76,949 316,680 24.3% 85,027 368,384 23.1% * - For prior years-total actual expenditures, for current year-total approved budget Community Enrichment $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 August YTD Expenditures Annual Expenditures * 16-17 17-18 18-19 19-20 20-21 Better than Expected Community Enrichment expenditures include costs for Parks, Libraries, the Convention Center, Senior Centers and Community Centers. Citywide community enrichment expenditures through August are 10.5% higher than the same period in the prior fiscal year. The fiscal year 2020-21 budget anticipates an increase of 16.3% from fiscal year 2019-20 actuals. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. Environmental Services 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 109,066 599,837 18.2% 110,971 696,244 15.9% 87,409 670,219 13.0% 123,096 692,524 17.8% 136,109 762,498 17.9% * - For prior years-total actual expenditures, for current year-total approved budget Environmental Services $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 August YTD Expenditures Annual Expenditures * 16-17 17-18 18-19 19-20 20-21 Expected 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 10.6% higher through August than the same period in the prior fiscal year. The fiscal year 2020-21 budget anticipates an increase of 10.1% from fiscal year 2019-20 actuals. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. 8 August Citywide YTD Expenditures (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 General Obligation Debt Service Citywide Debt Service Expenditures 16-17 17-18 18-19 19-20 20-21 August YTD Annual % of Annual Expenditures Expenditures * Expenditures 23,024 137,205 16.8% 17,935 106,315 16.9% 90,188 116,634 77.3% 21,731 130,839 16.6% 22,138 132,332 16.7% $180,000 August YTD Expenditures $120,000 $60,000 Annual Expenditures * * - For prior years-total actual expenditures, for current year-total approved budget net of credit for early redemption fund resources $0 16-17 17-18 18-19 19-20 20-21 Expected General obligation debt service expenditures through August are 1.9% higher than the same period in the prior fiscal year. Budgeted expenditures for fiscal year 2020-21 are 1.1% higher than fiscal year 2019-20 actual expenditures for the prior fiscal year. Debt service budget and expenditures for the first five months ending November 2018 were moved out of functional areas and separately reported. In order to provide a more accurate year over year comparison, as of December 2018 all debt service budget and expenditures will be reported by functional areas. -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 16-17 17-18 $ 315,502 $ 290,772 Refer to detailed financial schedules pages 22 - 34 18-19 $ 19-20 384,131 20-21 (Budget) 20-21 (YTD) $ $ 121,815 $ 500,745 Discussion: 1,848,001 General Gov't Major projects in fiscal year 2016-17 include street construction, repair and maintenance ($75 million), bus replacement ($50 million), sidewalks, traffic signals, bridges, bike lanes and street lighting improvements and maintenance ($38 million), parks, preserves and recreation facility improvements ($37 million), wireless communication in the regional bus system ($25 million), and the 48th St and Washington Light Rail Station ($20 million). 20-21 (YTD) 20-21 (Budget) 19-20 18-19 Major projects in fiscal year 2017-18 include street construction and maintenance ($66 million), parks and recreation facility improvements ($25 million), conversion of streetlights to LED ($28 million) and replacement of the City telephone system ($22 million). Major projects in fiscal year 2018-19 include street and sidewalk maintenance ($134.8 million), light rail ($47.9 million), transit bus and vehicle purchases ($43.1 million), major streets ($33.2 million), parks and preserves improvements ($20.8 million), and telphone stystem network replacement ($10.4 million) . Major projects in fiscal year 2019-20 include pavement maintenance ($131 million), Light Rail ($100 million), Talking Stick Arena Renovations ($57 million), parks preserve development, community centers, and development ($47 million), bus and vehicle purchases ($45 million), and major streets ($18 million). 17-18 16-17 $0 $500,000 $1,000,000$1,500,000$2,000,000 Major projects budgeted for fiscal year 2020-21 include light rail ($990 million), pavement maintenance ($125 million), major streets ($90 million), Talking Stick renovation ($124.5 million), parks and recreations and preserves ($88.6 million), and replace fare collecton system ($57.3 million). Aviation 16-17 17-18 $ 151,957 $ 582,921 18-19 $ 552,972 19-20 20-21 (Budget) 20-21 (YTD) $ $ $ 254,523 517,947 66,469 Discussion: Aviation 19-20 Major projects in fiscal year 2016-17 include runway, apron and taxiway projects ($21 million), Communications Center/EOC Design and Construction ($14 million), Terminal 3 Development ($12 million), and PHX Sky Train phase 2 ($10 million). Aviation capital expenditures for fiscal year 2016-17 also includes $70 million of debt service. Major projects in fiscal year 2017-18 include the PHX Sky Train extension ($423 million), Apron and Taxiway improvements ($26 million), and terminal 4 improvements including the south 1 concourse ($20 million). 18-19 Major projects in fiscal year 2018-19 include PHX Sky Train stage 2 ($267.8 million) and terminal 4 south 1 concourse ($127.8 million). 20-21 (YTD) 20-21 (Budget) Major projects in fiscal year 2019-20 include PHX Terminal 4 south concorse and gates ($90M), Runway, Apron and Taxiway Improvements ($47M), and PHX Sky Train ($10M). 17-18 16-17 $0 $200,000 $400,000 $600,000 Major projects budgeted for fiscal year 2020-21 include Union Pacific Railroad grade (trench) separation project ($74M), Runway, Apron and Taxiway Improvements ($73M), PHX Terminal 4 south concorse and gates ($71M), PHX Sky Train ($21M) and rental car center and parking facilities ($20M). - 10 - Capital Expenditures (Dollars in Thousands) Phx Convention Ctr 16-17 17-18 $ 21,885 $ 28,898 Refer to detailed financial schedules pages 22 - 34 18-19 $ 20-21 (Budget) 19-20 36,542 $ 52,148 Discussion: $ 43,609 20-21 (YTD) $ 7,790 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 $24 million for fiscal year 2020-21. Other major projects budgeted for fiscal year 2020-21 include shoring wall ($7 million), garage elevator ($3 million), arena plumbing ($3 million) and replacing wood veneer ($1.5 million). 16-17 $ Solid Waste 7,460 20-21 (YTD) 20-21 (Budget) 19-20 18-19 17-18 16-17 $0 17-18 $ 10,355 18-19 $ 7,857 $10,000 20-21 (Budget) 19-20 $ 5,490 $ 31,309 $20,000 $30,000 $40,000 $50,000 $60,000 20-21 (YTD) $ 1,091 Discussion: Solid Waste In fiscal year 2015-16, Solid Waste spent $2.5 million on the 27th Ave Resource Innovation Campus. 20-21 (YTD) In fiscal year 2016-17, Solid Waste spent $3.7 million on the 27th Avenue Composting Facility and $2.2 million on the 27th Avenue Resource Innovation Campus. 20-21 (Budget) In fiscal year 2017-18 Solid Waste spent $10.3 million on SR85 Landfill requirements. In fiscal year 2018-19 Solid Waste spent $4.5 million on North Gateway material In fiscal year 2019-20 Solid Waste spent $3 million in transfer stations and $1 million at SR-85 and $1 million for Skunk Creek as monitoring and maintenance. 19-20 18-19 Major projects budgeted for fiscal year 2020-21 include $21.1 million in transfer stations, $4.3 million SR-85, and $2.5 million for solid waste projects and unexpected expenditures. 17-18 16-17 $0 $10,000 $20,000 $30,000 $40,000 - 11 - Capital Expenditures (Dollars in Thousands) 16-17 Wastewater $ 106,776 Refer to detailed financial schedules pages 22 - 34 17-18 $ 105,912 18-19 $ 97,890 19-20 20-21 (Budget) 20-21 (YTD) $ 123,141 $ 315,254 $ 11,380 Discussion: In fiscal year 2016-17, Wastewater spent $30 million to construct, replace or rehabilitate pipelines, $25 million for the construction of the biogas project at the 91st Avenue Wastewater Treatment Plant, $16 million for improvements at the 91st Avenue wastewater treatment plant, and $10 million for improvements at the 23rd Avenue wastewater treatment plant. In fiscal year 2017-18, Wastewater spent $54 million on pipeline assessment, repair, replacement and construction and $23 million on improvements at the 91st Avenue Wastewater Treatment Plant. In fiscal year 2018-19 , Wastewater spent $45.2 million in sewer main replacement and construction and $32.5 million on improvements and maintenance at the wastewater treatment plants. In fiscal year 2019-20 Wastewater spent $42.0 million on sewer replacement and construction, $27.7 million on 91st Ave Waste Water Treatment Plant, $14.4 million 23rd Ave, $13.1 million Cave Creek, and $13.1 million on lift stations. Wastewater 20-21 (YTD) 20-21 (Budget) 19-20 18-19 17-18 16-17 $0 $100,000 $200,000 $300,000 $400,000 Major projects budgeted in fiscal year 2019-20 include sewer replacement and construction ($151.2 million), buildings ($47.3 million), 23rd Ave ($40.6 million), and 91st Ave ($38.4 million). 16-17 Water System $ 189,809 17-18 $ 229,256 18-19 $ 289,858 19-20 20-21 (Budget) 20-21 (YTD) $ 252,146 $ 602,576 $ 15,562 Discussion: In fiscal year 2016-17, Water spent $65 million to construct, replace or rehabilitate pipelines and valves, $19 million for rehabilitation at the Deer Valley water treatment plant, $15 million for reservoir rehabilitation and $10 million for water resiliency. In fiscal year 2017-18, Water spent $82 million to construct, replace or rehabilitate pipelines and valves, $36 million on groundwater well projects, $21 million on the Union Hills Water Treatment Plant rehabilitation and $17 million on water resiliency and storage. In fiscal year 2018-19 water spent $111.1 million on main replacement and construction, $49.9 million on boosters, $35.2 million on groundwater well program, $24.4 million on production, and $23.6 million on 24th street water treatment plant rehabilitation. In fiscal year 2019-20 water spent $84.3 million on water main replacement and construction, $55.9 million on Water Treatment Plants, and $38.9 million on wells. Water System 20-21 (YTD) 20-21 (Budget) 19-20 18-19 17-18 16-17 $0 $100,000 $200,000 $300,000 Major projects budgeted in fiscal year 2020-21 include water main replacement and construction ($255.0 million), boosters ($179.9 million), Water Treatment Plants ($39.9 million), and pressure reducing valve stations ($29.5 million). - 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 $1,400,000 $1,200,000 August YTD Revenues $1,000,000 $800,000 $600,000 $400,000 Annual Revenues* $200,000 $0 16-17 16-17 17-18 18-19 19-20 20-21 August YTD Revenues 154,383 156,371 161,708 174,497 211,606 17-18 Annual Revenues* 1,094,933 1,162,635 1,220,768 1,307,357 1,309,519 18-19 19-20 20-21 % of Annual Revenues 14.1% 13.4% 13.2% 13.3% 16.2% * - For prior years - total actual revenues, for current year - total approved budget Better than Expected Fiscal year 2020-21 general fund operating revenues are budgeted to increase 0.2% over prior year actuals. Actual revenues through August are 21.3% higher than the same period in the prior fiscal year. Specific revenue sources are discussed on the following pages. - 13 - Property Tax Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Property Taxes Primary & Secondary 270,000 240,000 210,000 91,021 180,000 95,435 101,652 113,594 107,555 Secondary 150,000 120,000 90,000 60,000 146,121 154,560 162,129 170,209 16-17 17-18 18-19 19-20 179,950 Primary 30,000 - FY 16-17 17-18 18-19 19-20 20-21 YTD 20-21 Budget Total 237,142 249,995 263,781 277,764 (78) 293,545 July (1,004) (1,054) (1,049) (1,141) (1,619) (1,203) Aug Sept 454 773 (395) 891 688 980 1,081 647 1,541 510 934 Oct 12,067 16,220 12,601 11,579 14,982 Nov 57,953 87,691 91,331 106,458 105,871 Dec 51,488 25,018 30,444 23,612 29,325 12 20-21 YTD Jan 10,013 10,162 13,302 14,875 14,218 Feb 4,033 7,020 5,422 7,447 7,376 20-21 Budget Mar 6,593 8,086 8,130 8,185 9,049 Apr 12,231 11,994 12,026 12,116 13,401 May 60,943 52,962 68,870 66,043 69,674 June 21,598 31,400 21,036 26,862 29,408 Note: Monthly budget amount for 20-21 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 5.7% in fiscal year 2020-21 over fiscal year 2019-20 actuals. - 14 - Primary Secondary 146,121 91,021 154,560 95,435 162,129 101,652 170,209 107,555 (90) 12 179,950 113,594 Local Sales Tax Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Local Sales Tax Budget vs Actual 70,000 60,000 50,000 40,000 20-21 Actuals 30,000 20-21 Budget 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Better than Expected Fiscal year 2020-21 local sales tax revenues through August are 45.6% higher than the same period in the prior year. Actual local sales tax revenues through August are 40.8% higher than budget expectations. Local Sales Tax 3 Year Trend 70,000 60,000 50,000 18-19 Actuals 40,000 19-20 Actuals 30,000 20-21 Actuals 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2019-20 local sales tax revenues were 2.5% higher than the prior year. This follows increases of 10.5% and 2.8%% in the two previous years. Click Here for Additional Information - 15 - State Sales Tax Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 State Sales Tax Budget vs Actual 25,000 20,000 15,000 20-21 Actuals 10,000 20-21 Budget 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Better than Expected The fiscal year 2020-21 budget includes an increase of 1.2% in state shared sales tax over fiscal year 2019-20 actuals. Through August state shared sales tax revenues are 20.1% above budget expectations. State Sales Tax 3 Year Trend 25,000 20,000 15,000 18-19 Actuals 19-20 Actuals 10,000 20-21 Actuals 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2019-20 state sales tax revenues were 4.2% higher than the prior year. This follows increases of 5.8% and 8.4% in the two previous years. Click Here for Additional Information - 16 - Vehicle License Tax Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Vehicle License Tax Budget vs Actual 12,000 10,000 8,000 20-21 Actuals 6,000 20-21 Budget 4,000 2,000 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 August 2020 are 20.1% higher than budget expectations for the period. Vehicle License Tax 3 Year Trend 12,000 10,000 18-19 Actuals 8,000 19-20 Actuals 6,000 20-21 Actuals 4,000 2,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2019-20 state shared vehicle license tax revenues were 0.4% higher than the prior year. This follows increases of 5.1% and 8.4% in the two previous years. 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 400,000.00 350,000.00 300,000.00 20-21 Budget 250,000.00 200,000.00 2020-21 Actuals 150,000.00 100,000.00 50,000.00 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 August 2020 are 21.8% lower than budget expectations for the period. Governmental Funds Revenues 3 Year Trend 260,000.00 210,000.00 160,000.00 2018-19 Actuals 110,000.00 2019-20 Actuals 60,000.00 2020-21 Actuals 10,000.00 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June (40,000.00) Fiscal year 2019-20 governmental fund revenues were 7.0% higher than the prior year. This follows increases of 4.1% and 4.9% in the two previous years. 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 45,000 40,000 35,000 30,000 20-21 Actuals 25,000 20,000 20-21 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 August 2020 are 59.9% lower than budget expectations for the period. August 2020 revenue decrease is also attributed to a multi-month COVID concession relief primarily for retail food and beverage and car rental companies. Aviation Operating Revenues 3 Year Trend 40,000 35,000 30,000 25,000 18-19 Actuals 20,000 19-20 Actuals 15,000 20-21 Actuals 10,000 5,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr Fiscal year 2019-20 aviation revenues were 8.3% lower than the prior year. This follows increases of 2.5% and 8.7% in the two previous years. Click Here for Additional Information - 19 - May June Water System Revenues (Dollars in Thousands) Refer to detailed financial schedules pages 22 thru 34 Water System Operating Revenues Budget vs Actual 70,000 60,000 50,000 40,000 20-21 Actuals 30,000 20-21 Budget 20,000 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Expected Water system revenues through August 2020 are 0.2% lower than budget expectations for the period. Water System Operating Revenues 3 Year Trend 70,000 60,000 50,000 40,000 18-19 Actuals 30,000 19-20 Actuals 20,000 20-21 Actuals 10,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Fiscal year 2019-20 water system revenues were 12.7% higher than the prior year. This follows decrease of 7.3% and increase of 4.0% in the two previous years. 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 24,000 23,000 22,000 21,000 20-21 Budget 20,000 20-21 Actuals 19,000 18,000 17,000 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Year to Date Performance Status Better than Expected Wastewater revenues through August 2020 are 5.7% higher than budget expectations for the period. Wastewater Operating Revenues 3 Year Trend 30,000 25,000 20,000 18-19 Actuals 15,000 19-20 Actuals 10,000 20-21 Actuals 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 AUGUST 30 (dollars in thousands) Actual Year-to-Date 2020-2021 2019-2020 Budget Estimate 2020-2021 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 $ 503,367 3,050 $ 101,520 $ 127 69,723 25 174,072 241,167 71,743 179,950 2,960 10,120 37,394 40,040 17,790 (90) 385 (61) 35,060 35,783 16,410 (70) 6 5 11,548 1,296 15,481 768 7,559 1,808 6,663 1,495 220 1,298 (65) 389 221 647 1,855 191 1,543 83 1,024 329 962 37,875 1,400 13,660 9,420 15,613 5,333 118 2,397 996 1,454 5,797 122 1,955 1,814 1,881 1,309,519 - 22 - $ 211,607 $ 174,497 General Fund Expenditures As of AUGUST 30 (dollars in thousands) Actual Year-to-Date 2020-2021 2019-2020 Budget Estimate 2020-2021 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 $ 2,244 5,444 5,971 52,412 2,780 2,761 26,183 3,205 7,285 12,969 3,975 26,013 1,648 152,890 $ 265 $ 617 786 8,754 449 367 3,738 361 634 1,843 636 7,875 714 27,039 304 698 576 7,330 392 363 4,009 411 1,505 2,127 784 3,800 825 23,125 Criminal Justice Municipal Court Public Defender Total Criminal Justice 32,160 5,380 37,540 5,495 783 6,278 5,356 789 6,145 Public Safety Police Fire Others Total Public Safety 591,932 352,507 242 944,681 99,706 55,583 98 155,388 102,056 55,916 50 158,022 Transportation Street Transportation Public Transit Total Transportation 18,976 1,786 20,762 234 1,786 2,020 487 1,640 2,127 Community Development Economic Development Neighborhood Services Department Planning and Development Others Total Community Development 6,251 14,033 4,308 169 24,761 829 2,284 675 33 3,820 865 2,360 570 8 3,803 Community Enrichment Parks and Recreation Library Human Services Others Total Community Enrichment 101,808 40,896 19,978 6,859 169,541 16,420 11,194 3,733 2,089 33,436 19,648 10,851 3,765 2,860 37,124 Environmental Services Public Works Environmental Programs Others Total Environmental Services 17,643 732 424 18,799 4,711 128 122 4,961 4,472 99 4,571 Capital Improvement 19,643 738 1,469 Vacancy Savings (18,600) - - Contingencies 55,596 - - 233,679 $ 236,388 Total Expenditures and Encumbrances $ 1,425,613 - 23 - $ 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 AUGUST 30 (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 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 Special Revenue and Debt Service Funds Enterprise Funds Aviation Convention Center Water System Wastewater Solid Waste Total Enterprise Funds Total Operating Revenues Actual Year-to-Date 2020-2021 2019-2020 Budget Estimate 2020-2021 $ 503,367 3,050 101,520 $ 127 69,723 25 174,072 241,167 71,743 179,950 2,960 10,120 12,844 15,481 768 7,559 1,808 6,663 52,935 9,420 15,613 37,394 40,040 17,790 (90) 385 (61) 1,715 1,298 (65) 389 221 647 7,848 996 1,454 35,060 35,783 16,410 (70) 6 5 2,046 1,543 83 1,024 329 962 7,874 1,814 1,881 1,309,519 211,607 174,497 37,176 96,479 38,831 6,274 292,698 5,760 72,140 8,539 24,970 146,284 41,124 5,987 47,489 750,940 118,206 6,263 14,859 6,495 861 44,574 19,012 1,424 1,349 22,042 2,617 56 (4,575) (38,944) (1,830) 5,178 14,054 5,294 513 42,623 22,025 2,352 3,163 24,766 2,165 692 (2,458) (7,002) 11 1,692,894 74,204 113,377 425,915 87,381 479,782 249,814 175,132 28,053 7,499 111,328 43,996 28,509 62,796 11,035 104,256 42,967 24,792 1,418,024 219,384 245,845 505,194 $ 533,720 4,420,438 - 24 - $ $ Citywide Operating Expenditures As of AUGUST 30 (dollars in thousands) Source General Government General Funds Other Funds Total General Government Actual Year-to-Date 2020-2021 2019-2020 Budget 2020-2021 27,039 $ 8,849 35,888 23,125 1,351 24,476 37,541 9,467 47,008 6,278 1,488 7,766 6,145 1,777 7,922 Public Safety General Funds Other Funds Total Public Safety 944,681 220,636 1,165,317 155,388 34,689 190,077 158,022 33,863 191,885 Transportation General Funds Other Funds Total Transportation 20,762 931,462 952,224 2,020 284,993 287,013 2,127 317,325 319,452 Community Development General Funds Other Funds Total Community Development 24,761 249,208 273,969 3,820 35,775 39,595 3,803 30,681 34,484 Community Enrichment General Funds Other Funds Total Community Enrichment 169,541 198,843 368,384 33,436 51,591 85,027 37,124 39,825 76,949 Environmental Services General Funds Other Funds Total Environmental Services 18,799 743,699 762,498 4,961 131,148 136,109 4,571 118,525 123,096 Debt Service General Funds Other Funds Total Debt Service 132,332 132,332 22,138 22,138 21,731 21,731 Capital Improvement General Funds Other Funds Total Capital Improvement 19,643 739,871 759,514 738 23,106 23,844 1,469 72,754 74,223 Coronavirus Relief Fund General Funds Other Funds Total Coronavirus Relief Fund 275,000 - Vacancy Savings General Funds Other Funds Total Vacancy Savings (18,600) (18,600) - - Contingencies General Funds Other Funds Total Contingencies 55,596 68,500 124,096 - - 1,425,613 3,319,847 5,020,460 233,680 593,777 827,457 $ 236,388 637,832 874,218 $ Criminal Justice General Funds Other Funds Total Criminal Justice Total Operating General Funds Other Funds Total Operating Budget $ 152,890 25,829 178,719 $ $ - 25 - 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 AUGUST 30 2020 2019 Budget Estimate 2020-2021 Source Actual Year-to-Date 2020-2021 2019-2020 General Funds $ 59,936,587 81,595 60,018,182 $ 36,652,312 (44,500) Local Taxes: Sales Taxes Privilege License Fees $ 503,367,000 3,050,000 $ 101,519,630 126,840 $ 69,722,685 25,265 36,607,812 Total Local Taxes 506,417,000 101,646,470 69,747,950 14,482,256 20,019,770 7,691,884 14,943,975 17,891,435 5,618,974 State Shared Taxes: State Sales Tax State Income Tax Vehicle License Tax 174,072,000 241,167,000 71,743,000 37,393,843 40,039,540 17,790,354 35,060,149 35,782,869 16,410,030 42,193,910 38,454,384 486,982,000 95,223,737 87,253,048 939,201 667,352 Primary Property Tax 179,950,000 (90,197) (70,013) 276,379 (129,514) Licenses and Permits 2,960,000 384,837 6,178 2,539,106 4,967 Cable Communications 10,120,000 (60,894) 4,967 866,373 93,387 Municipal Court: Fines and Forfeitures Court Default Fee 11,548,248 1,296,000 1,495,061 220,224 1,854,593 191,015 759,328 103,665 Total State Shared Taxes 862,993 959,760 448,752 959,171 Police Total Municipal Court 12,844,248 1,715,285 2,045,608 15,480,700 1,297,724 1,543,069 5,338 48,614 Library Fees 767,713 (65,336) 82,546 182,797 453,701 Parks and Recreation 7,559,338 389,236 1,024,003 98,364 200,208 Planning and Development 1,808,200 220,539 329,044 242,109 440,589 Street Transportation 6,662,600 646,932 962,100 21,677,636 68,400 2,154,331 18,161,044 69,850 1,713,469 Fire: Emergency Transportation Service Hazardous Materials Inspection Fee Other 37,875,000 1,400,000 13,659,600 5,332,923 118,150 2,396,981 5,796,714 122,350 1,954,665 23,900,367 19,944,363 52,934,600 7,848,054 7,873,729 428,035 904,881 9,420,000 996,141 1,814,269 876,532 1,150,883 133,012,065 100,667,171 Total Fire Interest Other Fees and Service Charges Total General Funds 26 15,612,775 1,454,031 1,880,752 1,309,519,174 211,606,559 174,497,250 Citywide Operating Revenue by Source (continued) For the Month Ended AUGUST 30 2020 2019 Budget Estimate 2020-2021 Source Actual Year-to-Date 2020-2021 2019-2020 Special Revenue and Debt Service Funds $ 2,745,352 196,096 980,483 47,502 $ 3,969,433 7,845,593 2,531,338 22,532 1,977,807 141,271 706,360 118,899 Neighborhood Protection: Police Neighborhood Protection Police Blockwatch Fire Neighborhood Protection Interest/Other 2,944,337 Total Neighborhood Protection $ $ $ 6,298,089 2,219,542 53,444 4,137,368 $ 2,957,215 219,343 0 152,118 1,478 38,493 $ $ $ $ $ 124,235 0 101,303 660 30,630 10,399,463 8,571,075 411,432 26,759,318 915,223 $ $ 27,674,541 $ Public Safety Enhancement & Expansion Police Fire Interest/Other Total Public Safety Enhancement & Expansion 25,578,000 1,827,000 9,134,000 637,000 $ 4,335,284 309,663 1,548,316 69,932 $ 3,514,486 251,034 1,255,174 157,072 37,176,000 6,263,195 5,177,766 72,595,000 23,277,000 606,510 11,406,801 3,395,176 56,749 10,452,362 3,491,045 110,596 96,478,510 14,858,726 14,054,003 Parks and Preserves 38,830,728 6,495,238 5,294,317 Golf Courses: Fees Coffee Shops Concessions Interest Other 3,948,300 0 2,054,000 1,540 269,816 459,670 0 318,941 3,218 78,767 256,648 0 201,760 1,540 53,500 256,828 Total Golf Courses 6,273,656 860,596 513,448 19,291,780 4,405,650 Transit 2000 & 2050: Sales Taxes Interest/Other 249,230,000 43,467,791 42,336,358 2,237,941 34,266,751 8,355,939 292,697,791 44,574,299 42,622,690 Court Awards 5,759,602 0 0 23,697,430 Total Transit 2000 & 2050 0 $ 0 4,740,629 $ 7,184,218 Planning and Development 72,139,500 19,011,570 22,025,484 826,556 $ 1,751,036 Capital Construction 8,539,000 1,424,379 2,352,113 1,637,491 93,849 Sports Facilities: Sales Taxes Interest/Other 20,558,000 4,411,906 1,238,529 110,792 2,979,613 183,583 24,969,906 1,349,321 3,163,196 712,989 55,497 768,486 $ $ 1,731,340 Total Sports Facilities 27 Citywide Operating Revenue by Source (continued) For the Month Ended AUGUST 30 2020 2019 Source Budget Estimate 2020-2021 Actual Year-to-Date 2020-2021 2019-2020 145,124,000 1,000,000 160,000 21,885,563 156,093 182 23,660,425 325,637 780,316 146,284,000 22,041,838 24,766,378 Special Revenue and Debt Service Funds (Cont'd) $ 11,942,563 73,689 182 12,067,425 162,573 761,756 12,016,434 12,991,754 - $ - Highway User Revenue: Highway User Revenue Interest Other Total Highway User Revenue Local Transportation Assistance 0 0 0 1,279,820 2,777,278 Regional Transit Revenues 41,123,538 2,616,831 2,165,327 57,339 340,157 Community Reinvestment 5,987,227 55,815 691,893 430,314 3,321,225 Other Restricted Fees 47,489,334 (4,575,038) (2,458,115) 618,290 8,435,864 619,046 674,097 6,258,012 1,220,078 Grants: Public Housing: Rentals Grants Other 8,287,450 99,730,276 22,242,602 962,743 18,844,976 1,255,643 1,269,559 14,742,049 2,511,739 9,673,200 8,152,187 130,260,328 21,063,362 18,523,347 58,963,098 180,910,504 53,374,820 327,430,851 (583,917) (42,219,412) (2,055,980) (15,147,638) (251,675) (18,821,295) (2,286,204) (4,166,314) 679,058 3,615,047 16,541 2,738,150 4,647,114 1,015,258 869,031 3,103,501 $ Total Public Housing Other: Human Resources Federal Transit Administration Community Development Other 7,048,796 9,634,904 Total Other 620,679,273 (60,006,947) (25,525,488) 16,721,996 17,787,091 Total Grants 750,939,601 (38,943,585) (7,002,141) 602,342 1 414,348 750 113,594,000 4,611,597 12,055 (1,841,899) 10,331 750 602,343 415,098 118,205,597 (1,829,844) 11,081 84,036,154 86,726,082 1,692,893,990 74,203,341 113,377,440 116,487,500 295,282,200 2,424,900 5,293,420 2,697,600 3,729,600 0 13,571,147 21,004,558 496,510 (8,324,380) 496,962 529,245 279,111 18,476,371 41,328,465 773,049 614,251 566,807 516,928 519,945 425,915,220 28,053,153 62,795,816 G.O. Bond/Secondary Property Tax Secondary Property Tax Interest Total G.O. Bond/Secondary Property Tax Total Special Revenue and Debt Service Funds Enterprise Funds AVIATION: 7,080,007 (5,473,512) 236,829 169,424 252,466 268,028 132,796 9,300,064 21,417,394 386,188 439,205 238,277 262,170 263,888 2,666,038 32,307,186 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 AUGUST 30 2020 2019 Budget Estimate 2020-2021 Source Actual Year-to-Date 2020-2021 2019-2020 Enterprise Funds (Cont'd) CONVENTION CENTER: $ 4,693,265 183,652 48,257 3,936,407 1,116,995 105,988 4,925,174 5,159,390 51,287,699 208,675 416,728 1,227,171 323,610 205,285 (160,632) 48,773,946 243,951 492,001 1,004,820 431,910 527,270 121,342 53,508,536 51,595,240 Excise Taxes Operating Revenue Interest Total Convention Center 60,050,000 25,831,300 1,500,000 7,032,794 365,826 100,581 7,281,717 3,547,196 205,637 87,381,300 7,499,201 11,034,550 449,675,316 5,500,000 5,310,000 7,878,000 4,100,000 5,690,000 1,628,668 107,157,259 443,211 2,057,035 1,880,538 873,750 424,370 (1,508,616) 99,491,708 500,941 1,172,954 1,089,197 799,530 1,002,757 198,562 479,781,984 111,327,547 104,255,649 WATER SYSTEM: $ Water Sales Water Service Fees Distribution Intergovernmental Development Fees Interest Other $ Total Water System WASTEWATER: 17,387,481 2,282,629 310,800 272,676 2,537,396 17,343,716 3,558,644 411,540 370,442 2,908,575 Sewer Service Charges Multi-City Development Fees Interest Other 207,876,578 17,561,000 4,000,000 5,456,000 14,920,801 34,624,957 3,954,629 811,230 553,239 4,051,871 34,340,176 3,558,644 741,420 732,384 3,594,669 22,790,982 24,592,917 Total Wastewater 249,814,379 43,995,926 42,967,293 160,206,000 9,970,500 18,000 4,937,029 25,510,331 1,705,282 61,426 1,231,470 22,184,630 1,465,376 161,716 979,888 175,131,529 28,508,509 24,791,610 1,418,024,412 219,384,336 245,844,918 SOLID WASTE: $ 12,752,543 874,798 29,908 1,117,619 11,085,646 816,449 80,164 413,430 14,774,868 12,395,689 98,665,598 126,050,422 315,713,817 $ 313,443,675 Collection Fees Landfill Fees Interest Other Total Solid Waste Total Enterprise Funds Total Operating Revenues $ 4,420,437,576 29 $ 505,194,236 $ 533,719,608 Citywide Operating Expenditures by Program For the Month Ended AUGUST 30 2020 2019 Program Budget Estimate 2020-2021 2020-2021 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Actual Year-to-Date 2020-2021 2019-2020 General Government $ 127,792 298,802 426,599 6,999,246 229,427 206,582 180,794 1,674,518 139,606 237,688 1,239,850 172,954 8,818 279,386 2,971,846 222,246 15,416,152 $ 143,669 343,969 348,722 3,967,450 153,204 196,004 200,488 2,277,475 213,682 594,579 1,086,196 58,757 188,147 11,982 325,729 1,847,157 139,298 12,096,507 Mayor $ City Council City Manager Information Technology Services Government Relations Public Information Equal Opportunity Law City Auditor City Clerk Human Resources Manager's Office of Sustainability Phx Community Development Invst Co Retirement Systems Phoenix Employment Relations Board Budget and Research Finance Regional Wireless Cooperative Total General Government 2,243,626 5,444,176 6,307,388 64,086,924 1,540,954 2,779,617 3,340,547 27,805,636 3,205,469 7,284,919 14,398,098 107,120 3,974,562 31,082,387 5,117,948 $ 264,642 616,748 1,056,502 14,509,259 316,985 452,705 439,086 3,998,222 361,388 634,358 2,476,024 377,233 19,460 635,273 11,808,689 (2,078,112) $ 304,370 698,331 670,446 9,438,623 278,112 433,459 398,441 4,195,995 410,956 1,505,160 2,389,463 115,652 401,044 30,087 784,078 4,255,448 (1,834,032) $ 264,642 616,748 1,056,502 12,691,083 316,985 452,705 439,086 3,998,222 361,388 634,358 2,331,033 377,233 19,460 635,273 11,654,605 (2,078,112) 1,818,176 144,992 154,084 - 178,719,371 35,888,463 24,475,633 33,771,211 2,117,252 41,627,291 5,380,368 6,982,980 783,339 7,132,791 789,272 5,900,570 783,339 1,082,410 - 47,007,659 7,766,319 7,922,063 6,683,909 1,082,410 745,289,020 418,740,427 1,287,140 122,531,355 67,306,468 239,467 126,690,111 64,992,148 202,509 122,281,399 66,753,586 239,467 249,956 552,882 - 1,165,316,587 190,077,290 191,884,768 189,274,452 802,838 Criminal Justice 3,291,918 384,005 3,372,796 389,044 3,675,923 3,761,840 Municipal Court Public Defender Total Criminal Justice Public Safety 54,736,032 29,753,611 141,731 55,578,021 31,374,704 98,933 84,631,374 87,051,658 Police Fire Other Total Public Safety -30- Citywide Operating Expenditures by Program (continued) For the Month Ended AUGUST 30 2020 2019 Budget Estimate 2020-2021 Program 2020-2021 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Actual Year-to-Date 2020-2021 2019-2020 Transportation $ 12,994,910 608,665 24,353,443 126,313,461 164,270,479 $ 6,914,789 616,446 27,253,296 214,528,500 Street Transportation Street Lighting Aviation Public Transit 249,313,031 Total Transportation $ 99,257,160 9,859,530 556,005,818 287,100,994 $ 25,765,281 2,613,592 54,983,939 203,650,378 $ 20,202,382 2,606,130 57,258,423 239,384,650 $ 25,052,675 2,613,592 40,441,405 203,637,253 712,606 14,542,534 13,125 952,223,502 287,013,191 319,451,586 271,744,926 15,268,265 Community Development 4,890,463 8,139,380 3,252,246 2,183,858 4,783,653 7,966,006 814,012 2,476,780 Planning and Development Housing Economic Development Neighborhood Services Department 72,793,823 118,008,161 19,610,771 63,555,996 10,816,437 17,331,943 6,620,416 4,826,351 10,293,391 16,342,566 2,036,922 5,811,329 10,816,437 17,320,232 5,548,752 4,826,351 11,711 1,071,664 - 18,465,947 16,040,451 Total Community Development 273,968,751 39,595,147 34,484,208 38,511,772 1,083,375 118,089,734 41,958,307 76,518,471 21,161,884 100,582,945 5,411,601 4,661,018 19,366,890 11,407,708 24,375,547 1,118,694 22,904,756 3,245,326 2,607,680 22,856,241 10,957,067 24,836,042 1,016,436 12,564,385 3,267,945 1,450,491 19,265,595 11,407,708 21,048,172 22,882,125 3,245,326 2,607,680 101,296 3,327,375 1,118,694 22,631 - 368,383,960 85,026,602 76,948,607 80,456,606 4,569,996 Community Enrichment 8,462,752 3,333,658 5,230,535 645,014 9,081,187 85,742 1,094,219 9,094,286 2,766,700 4,568,439 508,218 5,898,192 132,053 803,094 27,933,107 23,770,983 Parks and Recreation Library 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 AUGUST 30 2020 2019 Budget Estimate 2020-2021 Program 2020-2021 Year-to-Date Operating Expenditures & Encumbrances Capital Operations and Debt Actual Year-to-Date 2020-2021 2019-2020 Environmental Services $ 28,583,510 14,281,476 11,179,518 2,320,869 151,792 65,116 56,582,281 $ 23,767,561 13,437,766 12,123,129 1,465,326 119,519 50,913,301 Water System Wastewater Solid Waste Management Public Works Environmental Programs Manager's Office of Sustainability Total Environmental Services $ 372,988,397 185,327,134 174,710,966 27,366,209 1,449,105 656,278 $ 69,316,465 32,999,802 26,513,546 6,659,531 468,995 150,366 $ 59,776,039 33,216,369 24,095,903 5,700,253 307,216 - $ 47,153,025 21,280,515 24,386,243 5,455,925 468,995 150,366 22,163,439 11,719,287 2,127,303 1,203,606 37,213,635 762,498,089 136,108,705 123,095,781 98,895,070 16,924,537 4,231,787 802,013 7,824,529 538,975 6,631,556 2,471,740 15,524,925 7,050,772 761,369 19,922,662 93,780 9,633,906 5,131,069 1,477,433 651,286 942,000 20,417,366 10,957,599 21,150 321,430 2,820,756 705,298 133,669 1,304,088 89,829 207,283 1,105,259 411,957 2,587,487 1,175,129 126,895 3,320,443 1,605,651 855,178 246,239 157,000 3,402,894 1,826,266 3,525 53,572 571,283 1,900,604 1,015,698 114,975 1,181,000 101,663 1,731,980 362,614 2,264,585 1,204,789 584,566 3,028,244 1,717 1,130,651 825,376 416,597 166,333 2,674,044 1,244,854 1,025 1,208,822 2,820,756 705,298 133,669 1,304,088 89,829 207,283 1,105,259 411,957 2,587,487 1,175,129 126,895 3,320,443 1,605,651 855,178 246,239 157,000 3,402,894 1,826,266 3,525 53,572 - 22,138,417 - General Obligation Debt Service $ 1,410,378 352,649 66,834 652,044 44,915 207,283 552,630 205,978 1,293,744 587,564 63,447 1,660,222 802,825 427,589 123,119 78,500 1,701,447 913,133 1,763 26,786 285,642 950,302 507,849 57,488 590,500 50,831 865,990 181,307 1,132,293 602,395 292,283 1,514,122 858 565,325 412,688 208,298 83,167 1,337,022 622,427 513 604,411 Aviation Civic Plaza Community Development Community Enrichment Criminal Justice Cultural Facilities Downtown Development Early Redemption Economic Development Environmental Services Fire Protection Freeway Mitigation General Government Historic/Neighborhood Preservation Human Services Information Systems Libraries Maintenance Service Centers Mountain Preserves/Parks MEGA Real Estate Municipal Administration Buildings Municipal Courts Police Protection Public Housing Renovation Public Housing Sanitary Sewers Secondary Property Tax Solid Waste Enterprise Bonds Sports Facilities Storm Sewer Improvements Street Improvements Street Light Refinancing Public Transit Water System 11,172,850 10,865,710 Total Debt Service 132,331,884 22,138,417 21,731,420 12,169,318 44,676,829 Capital Improvement 759,514,438 23,843,580 74,222,806 Coronavirus Relief Fund 275,000,000 - Vacancy Savings (18,600,000) - - - Contingencies 124,096,000 - 498,490,311 - - - - - 394,317,431 - 5,020,460,241 827,457,714 -32- 874,216,871 741,476,363 62,137,770 Capital Expenditures and Encumbrances 2020-2021 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 Planning & Historic Preservation 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 Budget $ $ $ 2019-2020 Actual Yearto-Date Actual Yearto-Date From Operating Funds Budget Actual 902,484 $ 132,875,105 42,498,275 30,601,087 37,379,470 600,000 21,160,664 9,485,000 10,643,300 89,546,645 14,498,000 11,016,000 1,142,978,622 7,324,952 296,491,298 $ 22,766,207 920,167 1,339,648 1,111,575 15,654 10,577 80,443 1,438,346 171,376 81,299,534 318 12,660,866 $ 136,198 1,008,082 0 61,472 2,593,244 1,166,035 4,324 43,962 739,733 18,603,786 10,749,892 166,700,631 152,284,744 $ 929,280 747,308 577,963 986,000 13,229 10,577 79,688 1,410,271 171,297 2,295,224 10,899,484 1,848,000,902 $ 121,814,711 $ 35,106,728 485,068,222 $ 18,120,321 $ $ 517,946,938 43,608,529 31,308,636 315,253,597 602,575,884 1,510,693,584 $ $ 66,468,715 7,790,088 1,090,734 11,380,352 15,562,444 102,292,333 $ 3,358,694,486 $ 224,107,044 - $ 10,495,105 15,038,235 10,330,000 25,263,569 6,966,000 955,000 10,590,000 71,946,938 14,498,000 2020-2021 Year-to-Date Capital Amounts From Capital Funds Budget Actual $ $ $ 17,294,270 29,515,501 136,623 2,587,908 5,995,840 55,530,142 $ 90,636,870 - 33 - $ $ 125,596,593 17,617,018 9,549,309 32,033,000 89,650,296 274,446,216 $ 759,514,438 902,484 $ 122,380,000 27,460,040 20,271,087 12,115,901 600,000 14,194,664 8,530,000 53,300 17,599,707 11,016,000 976,277,991 7,324,952 144,206,554 $ 1,362,932,680 $ $ $ 530,160 1,939,901 995,190 738,368 1,519,640 5,723,259 $ $ 392,350,345 25,991,511 21,759,327 283,220,597 512,925,588 1,236,247,368 $ 23,843,580 $ 2,599,180,048 Unencumbered Budget $ 21,836,927 172,859 761,686 125,575 2,426 755 28,075 78 79,004,310 318 1,761,382 902,484 110,108,898 41,578,108 29,261,439 36,267,895 600,000 21,145,010 9,474,423 10,562,857 88,108,299 14,326,624 11,016,000 1,061,679,088 7,324,634 283,830,432 103,694,390 1,726,186,191 $ $ $ 65,938,555 5,850,187 95,544 10,641,984 14,042,804 96,569,074 $ 451,478,223 35,818,441 30,217,902 303,873,245 587,013,440 1,408,401,251 $ 200,263,464 $ 3,134,587,442 Bonds Authorized and Sold As of AUGUST 30 (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 Revitalizatio 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 70,000 16-17 Actuals 60,000 17-18 Actuals 18-19 Actuals 50,000 19-20 Actuals 40,000 20-21 Actuals 20-21 Budget 30,000 20,000 10,000 July FY 16-17 17-18 18-19 19-20 20-21 20-21 Budget Aug July 35,857 17,068 29,246 33,070 41,583 31,289 Sept Aug 36,805 43,895 32,982 36,653 59,937 40,817 YTD thru August 72,662 60,963 62,228 69,723 101,520 72,106 Oct Nov Sept 34,012 33,757 32,919 56,465 42,668 Dec Oct 38,800 42,559 52,159 31,089 44,692 Jan Nov 32,023 31,868 33,971 40,325 37,519 Feb Dec 35,135 33,857 53,513 51,643 47,283 Note: City of Phoenix revenue is budgeted on an annual basis. 2020-21 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2016-17 through FY 2019-20 actual expenditures. Return to Summary Page - A1 - Jan 38,595 41,041 35,343 39,512 41,946 Mar Feb 22,766 36,368 38,579 33,570 35,644 Apr May June Mar 33,502 32,970 39,641 61,093 45,398 Apr 28,921 48,534 46,770 29,662 41,781 May 47,647 33,061 27,146 35,239 38,851 June 44,372 45,459 64,281 50,222 55,478 State Sales Tax (Dollars in Thousands) State Sales Tax 25,000 16-17 Actuals 20,000 17-18 Actuals 18-19 Actuals 15,000 19-20 Actuals 20-21 Actuals 20-21 Budget 10,000 5,000 July FY 16-17 17-18 18-19 19-20 20-21 20-21 Budget Aug July 11,269 11,773 18,836 20,116 22,912 16,942 Aug 11,027 12,260 13,749 14,944 14,482 14,205 Sept YTD thru August 22,296 24,033 32,585 35,060 37,394 31,147 Oct Nov Sept 11,658 17,561 12,476 11,479 14,532 Dec Jan Feb Mar Apr May June Oct 11,195 10,963 10,922 14,226 12,928 Nov 11,443 13,678 15,747 16,443 15,662 Dec 11,913 13,707 14,902 12,120 14,386 Jan 14,184 13,334 12,154 17,440 15,608 Feb 10,974 13,322 15,369 17,707 15,679 Mar 11,785 13,651 13,689 12,285 14,049 Apr 12,900 12,631 14,284 18,557 15,952 Note: City of Phoenix revenue is budgeted on an annual basis. 2020-21 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2016-17 through FY 2019-20 actual expenditures. Return to Summary Page - A2 - May 12,004 13,603 14,640 11,288 14,084 June 13,622 9,515 8,298 5,321 10,045 Vehicle License Tax (Dollars in Thousands) Vehicle License Tax 12,000 16-17 Actuals 11,000 17-18 Actuals 10,000 9,000 18-19 Actuals 8,000 19-20 Actuals 7,000 20-21 Actuals 6,000 20-21 Budget 5,000 4,000 3,000 2,000 July FY 16-17 17-18 18-19 19-20 20-21 20-21 Budget Aug Sept Oct July 5,712 9,008 9,422 10,791 10,098 9,314 Aug 4,393 4,830 5,782 5,619 7,692 5,499 YTD thru August 10,105 13,838 15,204 16,410 17,790 14,813 Nov Dec Jan Feb Sept 4,846 5,152 5,349 5,207 5,480 Oct 5,181 5,670 6,492 6,146 6,263 Nov 4,242 4,904 4,886 5,408 5,183 Dec 4,826 5,741 5,800 5,891 5,935 Note: City of Phoenix revenue is budgeted on an annual basis. 2020-21 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2016-17 through FY 2019-20 actual expenditures. Return to Summary Page - A3 - Mar Jan 5,607 5,470 6,143 6,514 6,328 Apr Feb 5,049 5,714 5,490 6,528 6,074 May Mar 5,457 5,493 5,943 5,960 6,093 June Apr 5,470 5,593 5,668 5,110 5,824 May 4,938 5,602 5,959 4,699 5,652 June 5,866 3,607 3,276 2,611 4,096 Governmental Funds Revenue (Dollars in Thousands) Governmental Funds Revenue 2016-17 Actuals 350,100.00 2017-18 Actuals 300,100.00 2018-19 Actuals 250,100.00 2019-20 Actuals 2020-21 Actuals 200,100.00 20-21 Budget 150,100.00 100,100.00 50,100.00 100.00 FY 16-17 17-18 18-19 19-20 20-21 20-21 Budget July Aug July 125,592 98,501 131,124 100,481 68,761 143,545 Aug 165,819 185,527 168,019 187,393 217,048 221,783 Sept YTD thru August 291,411 284,028 299,143 287,874 285,809 365,328 Oct Nov Sept 157,173 176,701 152,605 194,506 217,459 Oct 165,460 189,075 198,474 175,883 231,112 Dec Jan Feb Nov 212,320 226,848 247,632 269,127 300,608 Dec 218,635 192,262 221,971 226,582 273,368 Jan 173,436 187,522 170,844 209,806 235,306 Note: City of Phoenix revenue is budgeted on an annual basis. 2020-21 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2016-17 through FY 2019-20 actual expenditures. Return to Summary Page - A4 - Mar Apr Feb 145,268 176,559 173,462 187,061 218,212 May Mar 159,366 167,449 187,169 217,521 233,453 June Apr 185,518 217,138 210,659 180,484 255,157 May 251,092 223,002 245,256 226,625 301,435 June 225,798 252,080 280,540 378,887 370,977 Aviation Revenues (Dollars in Thousands) Aviation Operating Revenues 50,000 16-17 Actuals 17-18 Actuals 40,000 18-19 Actuals 19-20 Actuals 30,000 20-21 Actuals 20-21 Budget 20,000 10,000 July FY 16-17 17-18 18-19 19-20 20-21 20-21 Budget Aug Sept Oct July 28,314 26,403 31,468 30,489 25,387 33,174 Aug 29,777 34,965 32,105 32,307 2,666 36,722 YTD thru August 58,091 61,368 63,573 62,796 28,053 69,896 Nov Dec Jan Feb Mar Apr Sept 29,279 30,148 31,728 32,953 35,288 Oct 28,339 29,291 31,719 32,056 34,519 Nov 30,504 21,702 32,312 33,532 33,565 Dec 24,926 38,212 30,496 36,787 37,082 Jan 28,532 32,543 31,205 34,297 35,990 Feb 28,901 30,671 32,944 34,215 36,033 Note: City of Phoenix revenue is budgeted on an annual basis. 2020-21 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2016-17 through FY 2019-20 actual expenditures. Return to Summary Page - A5 - May Mar 29,273 33,070 33,075 34,228 36,862 June Apr 33,162 37,265 37,847 27,255 38,535 May 32,146 32,447 34,396 23,524 34,834 June 31,531 38,986 35,938 10,702 33,311 Water System Revenues (Dollars in Thousands) Water System Operating Revenues 70,000 16-17 Actuals 60,000 17-18 Actuals 18-19 Actuals 50,000 19-20 Actuals 40,000 20-21 Actuals 20-21 Budget 30,000 20,000 10,000 July FY 16-17 17-18 18-19 19-20 20-21 20-21 Budget Aug July 50,220 54,624 49,797 52,660 57,819 58,196 Sept Aug 47,104 44,633 46,762 51,596 53,509 53,366 Oct YTD thru August 97,324 99,257 96,559 104,256 111,328 111,562 Nov Dec Jan Feb Mar Apr May June Sept 43,613 44,819 44,112 47,319 50,494 Oct 37,360 39,391 35,672 40,300 42,874 Nov 34,083 38,890 31,619 38,339 40,125 Dec 26,073 27,184 25,048 26,405 29,396 Jan 21,608 25,186 22,565 25,330 26,582 Feb 19,223 22,704 21,558 25,643 25,021 Mar 20,925 23,806 20,138 24,861 25,190 Apr 32,958 31,392 31,150 29,080 34,974 Note: City of Phoenix revenue is budgeted on an annual basis. 2020-21 monthly budget amounts are based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of FY 2016-17 through FY 2019-20 actual expenditures. Return to Summary Page - A6 - May 38,009 38,031 36,293 40,442 42,889 June 46,526 43,736 38,106 52,141 50,675 Wastewater Revenues (Dollars in Thousands) Wastewater Operating Revenues 27,000 16-17 Actuals 17-18 Actuals 22,000 18-19 Actuals 19-20 Actuals 17,000 20-21 Actuals 20-21 Budget 12,000 7,000 2,000 July FY 16-17 17-18 18-19 19-20 20-21 20-21 Budget Aug July 18,836 18,615 17,949 18,374 21,205 19,061 Sept Aug 19,359 22,957 20,417 24,593 22,791 22,563 Oct YTD thru August 38,196 41,572 38,366 42,967 43,996 41,624 Nov Dec Jan Feb Mar Apr May June Sept 19,337 19,811 21,145 21,373 21,100 Oct 18,611 20,195 23,028 20,975 21,395 Nov 18,347 20,386 19,734 21,142 20,569 Dec 19,493 20,097 20,469 20,888 20,914 Jan 19,155 20,584 22,113 22,063 21,681 Feb 18,594 19,499 19,436 20,973 20,283 Mar 19,618 20,517 19,960 21,613 21,111 Apr 19,731 18,079 21,256 18,428 20,022 Note: City of Phoenix revenue is budgeted on an annual basis. 2020-21 monthly budget amounts are based on an allocation of the annu budget. Monthly budget amounts are calculated based on an allocation of FY 2016-17 through FY 2019-20 actual expenditures. Return to Summary Page - A7 - May 20,233 20,160 20,980 23,948 22,044 June 20,633 18,345 16,544 18,289 19,071