September 2023
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

September 30, 2023
To the Mayor and City Council:
This is the City's Financial Report for September, the third month of fiscal year 2023-24.
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,

Kathleen Gitkin
Chief Financial Officer

Cynthia Bisdorf
Acting Deputy Finance Director

January 17, 2024

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
September 2023 Monthly Financial Report
(MFR) in accordance with the agreed-upon procedures engagement between Finance and the City
Auditor Department (Audit). Finance prepares a monthly, written report to the City Council detailing
expenditures, revenues, and the City
accurate and complete MFR. Finance and Audit entered into an agreed-upon procedures engagement
for the assessment of the MFR on September 7, 2023.
The agreed-upon procedures include the following:
Mathematically check calculations presented within the MFR.
Confirm stated financial data presented within the MFR to historical data supplied by Finance.
This agreed-upon procedures engagement was conducted in accordance with the attestation standards
established by the American Institute of Certified Public Accountants (AICPA). 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,

Aaron Cook
Deputy City Auditor

City of Phoenix
Monthly Financial Report
September 2023
Table of Contents
Expenditures by Programs

Page

Performance Status

General Fund Expenditures
General Fund Total Expenditures

1

Expected

General Government

1

Monitor and Consider Taking Action

Criminal Justice

1

Monitor and Consider Taking Action

Public Safety

2

Monitor and Consider Taking Action

Transportation

2

Better than Expected

Community Development

2

Better than Expected

Community Enrichment

3

Better than Expected

Environmental Services

3

Monitor and Consider Taking Action

Citywide Expenditures
Citywide Total Operating Expenditures

4

Better than Expected

General Government

4

Better than Expected

Criminal Justice

4

Expected

Public Safety

5

Monitor and Consider Taking Action

Transportation

5

Better than Expected

Community Development

5

Better than Expected

Community Enrichment

6

Monitor and Consider Taking Action

Environmental Services

6

Monitor and Consider Taking Action

General Obligation Debt Service

6

Better than Expected

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Page

Performance Status

General Fund Total Operating Revenue

10

Better than Expected

Property Tax

11

Expected

Local Sales Tax

12

Better than Expected

Revenues by Source

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Monitor and Consider Taking Action

Governmental Funds

15

Monitor and Consider Taking Action

Aviation

16

Better than Expected

Water System

17

Monitor and Consider Taking Action

Wastewater

18

Monitor and Consider Taking Action

Financial Schedules

Page

General Fund Revenue

19

General Fund Expenditures

20

Citywide Operating Revenue

21

Citywide Operating Expenditures

22

Citywide Operating Revenue by Source

23

Citywide Operating Expenditures by Program

26

Capital Expenditures and Encumbrances

28

Bonds Authorized and Sold

29

Notes:
Performance Status

Better than Expected - Positive variance of greater than 1% actual vs budget.
Expected - Actual vs budget variance within 1% positive or negative.
Monitor and Consider Taking Action - Negative variance greater than 1% actual vs budget.
Corrective Action Taken - Negative variance greater than 1% actual vs budget, however the City has taken action to address the negative variance.

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.

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Total General Fund Expenditures
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
348,465
355,060
392,207
441,979
535,347

Total General Fund

Annual
Expenditures *
1,282,831
1,371,152
1,470,251
1,623,808
1,955,421

% of Annual
Expenditures
27.2%
25.9%
26.7%
27.2%
27.4%

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$2,500,000
September YTD
Expenditures

$2,000,000
$1,500,000
$1,000,000

Annual
Expenditures *

$500,000
$0
19-20

Expected

20-21

21-22

22-23

23-24

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. Fiscal year 2023-24 budgeted general fund expenditures are 20.4% higher than the fiscal year 2022-23 actuals. Fiscal year 2023-24 actual general fund
expenditures through September are 21.1% higher than the same period in fiscal year 2022-23. The increase is due to higher personal services (i.e., salaries, benefits, etc.), vehicle
purchases, and insurance premiums in fiscal year 2023-24.
General fund expenditures increased 10.4% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 7.2% from 2021-22 over 2020-21 and an increase of 6.9%
from 2020-21 over 2019-20 fiscal results.

General Government
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures

43,286
39,821
44,696
51,836
67,809

General Government
Annual
% of Annual
Expenditures * Expenditures
35.2%
123,100
25.8%
154,211
27.6%
161,907
27.1%
190,945
28.9%
234,477

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$250,000
September YTD
Expenditures

$200,000
$150,000
$100,000

Annual
Expenditures *

$50,000
$0
19-20

Monitor and Consider Taking Action

20-21

21-22

22-23

23-24

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. Fiscal year 2023-24 budgeted general fund expenditures are 22.8% higher than the fiscal year 2022-23 actuals. Fiscal year 2023-24
actual general fund expenditures through September are 30.8% higher than the same period in fiscal year 2022-23. The largest driver accounting for increase year-over-year is Human
Resource's $4.2 million charge for the Firefighters Cancer Reimbursement Fund Assessment. The largest driver accounting for the year-over-year increase in budget is $10 million in
Information Technology.
General fund expenditures increased 17.9% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 5.0% from 2021-22 over 2020-21 and an increase of 25.3%
from 2020-21 over 2019-20 fiscal results.

Criminal Justice
Fiscal Year
19-20
20-21
21-22
22-23
23-24

Criminal Justice

September
YTD
Expenditures

Annual
Expenditures *

9,072
9,455
10,176
10,963
11,914

35,033
36,162
40,008
42,361
45,265

% of Annual
Expenditures
25.9%
26.1%
25.4%
25.9%
26.3%

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$50,000
September YTD
Expenditures

$40,000
$30,000

Annual
Expenditures *

$20,000
$10,000
$0
19-20

Monitor and Consider Taking Action

20-21

21-22

22-23

23-24

Criminal Justice expenditures include costs for Municipal Courts and Public Defenders. Fiscal year 2023-24 budgeted general fund expenditures are 6.9% higher than the fiscal year
2022-23 actuals. Fiscal year 2023-24 actual general fund expenditures through September are 8.7% higher than the same period in fiscal year 2022-23.
General fund criminal justice expenditures increased 5.9% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 10.6% from 2021-22 over 2020-21 and an
increase of 3.2% from 2020-21 over 2019-20 fiscal results.

1

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Public Safety
Fiscal Year
19-20
20-21
21-22
22-23
23-24

Public Safety

September
YTD
Expenditures

Annual
Expenditures *

228,645
243,169
264,946
292,087
352,296

893,403
925,920
992,648
1,082,562
1,222,556

% of Annual
Expenditures
25.6%
26.3%
26.7%
27.0%
28.8%

$1,500,000
September YTD
Expenditures

$1,200,000
$900,000
$600,000

Annual
Expenditures *

$300,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0
19-20

Monitor and Consider Taking Action

20-21

21-22

22-23

23-24

Public Safety expenditures include costs for police and fire services. The anticipated increases are due to vehicle purchases and higher personal service expenditures for public safety
employees in both the Police and Fire Departments, which includes City pension contributions. Fiscal year 2023-24 budgeted general fund public safety expenditures are 12.9% higher
than the fiscal year 2022-23 actuals. Fiscal year 2023-24 actual general fund public safety expenditures through September are 20.6% higher than the same period in fiscal year 202223.
General fund public safety expenditures increased 9.1% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 7.2% from 2021-22 over 2020-21 and an increase
of 3.6% from 2020-21 over 2019-20 fiscal results.

Transportation
Fiscal Year
19-20
20-21
21-22
22-23
23-24

Transportation

September
YTD
Expenditures

Annual
Expenditures *

1,319
1,216
1,141
7,863
6,337

19,748
22,144
23,166
24,827
25,473

% of Annual
Expenditures
6.7%
5.5%
4.9%
31.7%
24.9%

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$30,000
$25,000
September YTD
Expenditures

$20,000
$15,000
$10,000

Annual
Expenditures *

$5,000
$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

Transportation expenditures include costs for public transit and street maintenance and repair. Prior to fiscal year 2018-19 Street Transportation Department charged expenses to the
general fund and subsequently transferred some of those expenses to the Arizona Highway User Revenue fund (AHUR). Beginning in fiscal year 2018-19 Street Transportation is
charging most expenses to AHUR while transferring a portion of those to the general fund. Fiscal year 2023-24 budgeted general fund transportation expenditures are 2.6% higher
than the fiscal year 2022-23 actuals. Fiscal year 2023-24 actual general fund transportation expenditures through September are 19.4% lower than the same period in fiscal year 202223 due to the senior services shuttle program being discontinued.
General fund transportation expenditures increased 7.2% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 4.6% from 2021-22 over 2020-21 and an
increase of 12.1% from 2020-21 over 2019-20 fiscal results.

Community Development

Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
5,872
6,036
6,892
7,860
8,849

Community Development
Annual
Expenditures *
22,542
24,114
28,225
32,420
39,424

% of Annual
Expenditures
26.0%
25.0%
24.4%
24.2%
22.4%

$50,000
September YTD
Expenditures

$40,000
$30,000
$20,000

Annual
Expenditures *

$10,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

Community Development expenditures include costs for economic development and neighborhood services. The fiscal year 2023-24 budgeted general fund community development
expenditures are 21.6% higher than the fiscal year 2022-23 actuals. Fiscal year 2023-24 actual general fund community development expenditures through September are 12.6%
higher than the same period in fiscal year 2022-23.
General fund community development expenditures increased 14.9% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 17.0% from 2021-22 over 2020-21
and an increase of 7.0% from 2020-21 over 2019-20 fiscal results.

2

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment

Community Enrichment

September
YTD
Expenditures

Annual
Expenditures *

51,875
48,558
53,800
60,906
70,152

155,417
158,589
173,631
190,780
227,767

% of Annual
Expenditures
33.4%
30.6%
31.0%
31.9%
30.8%

$250,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0

Fiscal Year
19-20
20-21
21-22
22-23
23-24

September YTD
Expenditures

$200,000
$150,000
$100,000

Annual
Expenditures *

$50,000
19-20

20-21

21-22

22-23

23-24

Better than Expected
Community enrichment expenditures include costs for parks, recreational activities, senior centers and community centers. Fiscal year 2023-24 budgeted general fund community
enrichment expenditures are 19.4% higher than the fiscal year 2022-23 actuals. Fiscal year 2023-24 actual general fund community enrichment expenditures through September are
15.2% higher than the same period in fiscal year 2022-23. The anticipated increase is due to higher contractual services related to parking management services and staffing fiscal
year 2023-24.
General fund community enrichment expenditures increased 9.9% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 9.5% from 2021-22 over 2020-21 and
an increase of 2.0% from 2020-21 over 2019-20 fiscal results.

Environmental Services
Fiscal Year
19-20
20-21
21-22
22-23
23-24

Environmental Services

September
YTD
Expenditures

Annual
Expenditures *

6,206
5,916
7,920
7,993
12,582

19,180
20,905
26,508
28,329
38,527

% of Annual
Expenditures
32.4%
28.3%
29.9%
28.2%
32.7%

$40,000
September YTD
Expenditures

$30,000
$20,000

Annual
Expenditures *

$10,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0
19-20

Monitor and Consider Taking Action

20-21

21-22

22-23

23-24

Environmental service expenditures include costs for maintaining and operating City facilities. Because environmental service expenditures are highly dependent on interdepartmental
charges, they tend to be very volatile. Fiscal year 2023-24 budgeted general fund environmental services expenditures are 36.0% higher than the fiscal year 2022-23 actuals. Fiscal
year 2023-24 actual general fund environmental service expenditures through September are 57.4% higher than the same period in fiscal year 2022-23. The largest factors increasing
annual budget is additional personal services and commodities.
General fund environmental expenditures increased 6.9% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 26.8% from 2021-22 over 2020-21 and an
increase of 9.0% from 2020-21 over 2019-20 fiscal results.

3

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.

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Total Citywide Operating
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
1,164,343
1,132,651
1,394,754
1,509,030
1,578,087

Total Citywide
Annual
Expenditures *
3,814,963
4,163,122
4,488,949
4,737,610
6,601,040

% of Annual
Expenditures
30.5%
27.2%
31.1%
31.9%
23.9%

* For prior years -- total actual expenditures; for current year -- total approved
budget net of adjustments for contingencies and use of the early redemption
fund.

$8,000,000
September YTD
Expenditures

$6,000,000
$4,000,000

Annual
Expenditures *

$2,000,000
$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

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. Fiscal year 2023-24 budget includes program budgeted ARPA amounts. Without contingencies and vacancy savings, and including programs budgeted for ARPA the
budget for fiscal year 2023-24 anticipates an increase of 39.3% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through September are
4.6% higher than the same period in the prior fiscal year.

General Government
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
47,785
53,759
47,890
84,614
76,132

General Government
Annual
Expenditures *
157,200
207,451
238,925
246,244
287,719

% of Annual
Expenditures
30.4%
25.9%
20.0%
34.4%
26.5%

$400,000
September
YTD
Expenditures

$300,000
$200,000

Annual
Expenditures *

$100,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

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. Budget for fiscal year 2023-24 anticipates an increase of 16.8% over fiscal year 2022-23 actuals in total operating
expenditures. Actual expenditures through September are 10.0% lower than the same period in the prior fiscal year.

Criminal Justice
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
11,640
11,662
11,944
12,753
13,991

Criminal Justice
Annual
Expenditures *
44,425
44,147
47,054
49,422
54,280

% of Annual
Expenditures
26.2%
26.4%
25.4%
25.8%
25.8%

$80,000
September YTD
Expenditures

$60,000
$40,000

Annual
Expenditures *

$20,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
19-20

Expected

20-21

21-22

22-23

23-24

Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s Office. Citywide criminal justice budget for fiscal year 2023-24 anticipates an
increase of 9.8% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through September are 9.7% higher than the same period in the prior
fiscal year.

4

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Public Safety
September
YTD
Expenditures
280,210
295,089
330,645
376,428
440,361

Public Safety
% of Annual
Expenditures
25.2%
26.3%
26.9%
27.8%
28.5%

$2,000,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0

Fiscal Year
19-20
20-21
21-22
22-23
23-24

Annual
Expenditures *
1,110,457
1,122,901
1,228,901
1,354,421
1,547,732

September YTD
Expenditures

$1,600,000
$1,200,000
$800,000

Annual
Expenditures *

$400,000
19-20

20-21

21-22

22-23

23-24

Monitor and Consider Taking Action
Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety budget for fiscal year 2023-24 anticipates an increase of 14.3%
over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through September are 17.0% higher than the same period in the prior fiscal year.

Transportation
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
376,502
320,100
402,672
391,017
367,092

Transportation
Annual
Expenditures *
774,492
786,597
797,084
792,941
914,442

% of Annual
Expenditures
48.6%
40.7%
50.5%
49.3%
40.1%

$1,000,000
September
YTD
Expenditures

$800,000
$600,000
$400,000

Annual
Expenditures
*

$200,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

Transportation expenditures include costs for street lighting, maintenance and repair, Aviation and Public Transit. Citywide transportation budget for fiscal year 2023-24
anticipates an increase of 15.3% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through September are 6.1% lower than the same
period in the prior fiscal year. Fiscal year 2021-22 financial results included a $70 million pension paydown.

Community Development
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
51,492
61,899
56,056
61,478
77,491

Community Development
Annual
Expenditures *
229,793
245,310
227,960
270,479
415,139

% of Annual
Expenditures
22.4%
25.2%
24.6%
22.7%
18.7%

$500,000
September YTD
Expenditures

$400,000
$300,000
$200,000

Annual
Expenditures *

$100,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development budget
for fiscal year 2023-24 anticipates an increase of 53.5% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through September are 26.0%
higher than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
September
YTD
Expenditures
106,124
116,595
124,178
143,375
174,557

Community Enrichment
% of Annual
Expenditures
33.5%
29.8%
29.5%
31.8%
36.5%

$600,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0

Fiscal Year
19-20
20-21
21-22
22-23
23-24

Annual
Expenditures *
316,680
390,805
420,501
450,218
478,454

September YTD
Expenditures

$450,000
$300,000

Annual
Expenditures *

$150,000

19-20

20-21

21-22

22-23

23-24

Monitor and Consider Taking Action
Community Enrichment expenditures include costs for Parks, Libraries, the Convention Center, Senior Centers and Community Centers. Citywide community enrichment
budget for fiscal year 2023-24 anticipates an increase of 6.3% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through September are
21.7% higher than the same period in the prior fiscal year.

Environmental Services
September
YTD
Expenditures
183,771
199,645
212,806
220,285
250,970

Environmental Services
% of Annual
Expenditures
26.5%
27.2%
28.3%
26.5%
27.3%

$1,000,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0

Fiscal Year
19-20
20-21
21-22
22-23
23-24

Annual
Expenditures *
692,524
734,733
752,386
830,101
918,863

September YTD
Expenditures

$750,000
$500,000

Annual
Expenditures *

$250,000

19-20

20-21

21-22

22-23

23-24

Monitor and Consider Taking Action
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 budget for fiscal year 2023-24 anticipates an increase of 10.7% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures
through September are 13.9% higher than the same period in the prior fiscal year.

Citywide Debt Service Expenditures
Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
Expenditures
32,597
33,219
32,855
109,353
34,000

Annual
Expenditures *
130,839
131,938
131,081
207,854
136,900

General Obligation Debt Service
% of Annual
Expenditures
24.9%
25.2%
25.1%
52.6%
24.8%

$240,000
September YTD
Expenditures

$180,000
$120,000

Annual
Expenditures *

$60,000

* For prior years -- total actual expenditures; for current year -- total approved
budget net of credit for early redemption fund resources

$0
19-20

20-21

21-22

22-23

23-24

Better than Expected
General obligation debt service expenditures budget for fiscal year 2023-24 has a decrease of 34.1% over fiscal year 2022-23 actuals in total operating expenditures. Actual
debt service expenditures through September 2023 are 68.9% lower than the same period in the prior fiscal year. Increases in fiscal year 2022-23 include a $75 million partial
defeasance of General Obligation Refunding Bonds, Series 2014, and a $60 million pay-off of the Excise Tax Revenue Obligations Loan that was used to purchase the 100
W. Washington Street Building.

6

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 (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

19-20

General Government $ 500,745

20-21

21-22

22-23

23-24 (Budget)

23-24 (YTD)

$ 684,798

$ 525,852

$ 494,744

$ 2,119,807

$

Discussion:

120,533

General Government

Major projects budgeted for in fiscal year 2019-20 included $131 million for
pavement maintenance, $100 million on Light Rail, $57 million for Talking Stick
Arena Renovations, $47 million on parks preserve development, community
centers, and development, $45 million bus and vehicle purchases, and $18
million for major streets.

23-24 (YTD)
23-24 (Budget)
22-23

Major projects budgeted for in fiscal year 2020-21 included $115 million on the
South Central Light Rail, $96 million for Talking Stick Arena renovations, $69
million on Northwest Light Rail extension, and $32 million to replace fare
collection system.

21-22
20-21

Major projects budgeted for in fiscal year 2021-22 included $117 million on South
Central Light Rail extension, $70 million on Northwest Light Rail extension, $29
million to design and constructing roadway and drainage near the 303 and
Carefree Highway, $11 million replacement of Police Air Fleet, and $10 million
street improvement near Pinnacle Peak and 35th to 45th Ave.

19-20
$0

$500

$1,000

$1,500

$2,000

$2,500

Major projects budgeted for in fiscal year 2022-23 included $248 million for Light Rail extension, construction, right-of-way and acquisition of property, $63 million for debt
service/principal and interest for Aviation and Convention Center, $60 million to construct and complete major street projects, $53 million to purchase standard buses,
design first corridor Bus Rapid Transit, and add an operational garage, $22 million on funds for construction cost of affordable housing, $21 million to improve three
Pedestrian Hybrid Beacons, $18 million to procure and implement a Time and Labor System, and $2 million to acquire parcels along the Capitol and I-10 corridor.
Additionally, there is $100 million in contingency budget for undetermined capital expenditures.

Major projects budgeted for in fiscal year 2023-24 include $264 million for Light Rail extension, construction, right-of-way and acquisition of property, $116 million to
purchase standard buses, design first and second corridors Bus Rapid Transit, $75 million to acquire parcels along the Capitol and I-10 corridor, $65 million for new
parks construction, $101 million for major streets and bridges projects, $41 million on funds for construction cost of affordable housing, and $20 million to procure and
implement a Time and Labor System. Additionally, there is $100 million in contingency budget for undetermined capital expenditures.

20-21

21-22

22-23

23-24 (Budget)

23-24 (YTD)

$ 172,418

$ 115,395

$ 134,479

$ 1,191,995

$

19-20

Aviation $ 254,523

58,329

Discussion:

Aviation

Major projects budgeted for in fiscal year 2019-20 included $90 million for PHX
Terminal 4 South concourse and gates, $47 million for Runway, Apron and Taxiway
Improvements, and $10 million for PHX Sky Train.

23-24 (YTD)
23-24 (Budget)
22-23

Major projects budgeted for in fiscal year 2020-21 included $51 million on Terminal 4
concourse, $24 million Terminal 4 Apron Concrete construction, $19 million garage
demolition, and $13 million on the 24th St parking lot.

21-22
20-21
19-20
$0

$500

$1,000

$1,500

Major events budgeted for in fiscal year 2021-22 included $58 million in Aviation
Bonds, $13 million in New Crossfield Taxiway, $6 million on Terminal 4 South 1
Concourse, and $5 million on Phoenix Sky Train.

Major projects budgeted for in fiscal year 2022-23 included $11 million for a New Crossfield Taxiway, $34 million to modernize vertical and horizontal transportation
equipment at Sky Harbor, $24 million to reconstruct the West Air Cargo Apron, $21 million to replace and relocate the police hangar at Phoenix Deer Valley Airport, $13
million to relocate Taxiway at Phoenix Deer Valley Airports, $12 million to replace Terminal 4 fire alarm/voice evacuation system, and $11 million to facilitate the
acquisition of land on the North side of Phoenix Sky Harbor Airport. Additionally, the City budgets $176 million in contingencies for the Airport Development Plan.
Major projects budgeted for in fiscal year 2023-24 include $315 million for Concourse Construction at Phoenix Sky Harbor Airport, $185 million for the new Crossfield
Taxiway, $43 million to relocate the American Airlines baggage sorting facility, $41 million to modify West Air Cargo Building in support of new Crossfield Taxiway, and
$23 million to reconstruct the West Air Cargo Apron. Additionally, the City budgets $377 million in contingencies for the Airport Development Plan.

7

Capital Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

19-20

Phoenix Convention Center $ 52,148

20-21

21-22

22-23

$ 31,640

$ 84,751

$ 112,717

23-24 (Budget)

23-24 (YTD)

$

$

Discussion:

45,697

3,411

Phoenix Convention Center

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 totaled $24 million for fiscal year 202021. Major projects budgeted for in fiscal year 2021-22 included $47 million for the
purchase of 100 West Washington Street.

23-24 (YTD)
23-24 (Budget)
22-23
21-22

Major projects budgeted for in fiscal year 2022-23 included $150 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

20-21
19-20

Major projects budgeted for in fiscal year 2023-24 include $34 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

19-20

Solid Waste $

20-21

5,490

$

8,796

$0

21-22

22-23

$ 28,986

$ 22,723

$50

23-24 (Budget)

23-24 (YTD)

$

$

38,135

$100

$150

6,386

Discussion:

Solid Waste

Major projects budgeted for in fiscal year 2019-20 Solid Waste included $3
million for transfer stations, $1 million at State Route 85, and $1 million for
Skunk Creek as monitoring and maintenance.

23-24 (YTD)
23-24 (Budget)

Major projects budgeted for in fiscal year 2020-21 Solid Waste included $4.5
million on Excavate and line Cell 2 at the State Route 85 Landfill, $1.2 million
Dixileta payment replacement at self-haul area, and $1.1 million at the 27th
Ave trommel machine.

22-23
21-22

Major projects budgeted for in fiscal year 2021-22 Solid Waste included $24
million on replacing and upgrading aging equipment at 27th Ave and North
Gateway Transfer Stations Material Recovery Facilities.

20-21
19-20
$0

$15

$30

Major projects budgeted for in fiscal year 2022-23 included $10 million at
transfer stations, $8.5 million at State Route 85 for excavating and lining along
with methane gas extraction systems, and $3 million to purchase replacement
vehicles. Additionally, the City budgeted $2.5 million in contingency funding for
unexpected expenditures.

$45

Major projects budgeted for in fiscal year 2023-24 include $9 million to excavate and line Cell 2 at the State Route 85 Landfill, $7 million to replace or upgrade
aging equipment at the 27th Ave Material Recovery Facilities, and $3 million to purchase and install upgraded recycling equipment at the North Gateway Material
Recovery Facility. Additionally, the City budgets $10 million for unexpected expenditures.

8

Capital Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

19-20

Wastewater $123,141

20-21

21-22

22-23

$ 77,339

$ 182,710

$147,620

23-24 (Budget)

23-24 (YTD)

$

$

381,046

Discussion:

41,971

Wastewater

Major projects budgeted for in fiscal year 2019-20 included $42.0 million on
sewer replacement and construction, $27.7 million on 91st Ave Waste Water
Treatment Plant, $14.4 million at 23rd Ave, $13.1 million at Cave Creek, and
$13.1 million on lift stations.

23-24 (YTD)
23-24 (Budget)

Major projects budgeted for in fiscal year 2020-21 included $12.4 million on 91st
Ave plant equipment, $10.1 million for 23rd Ave Grit Basin Replacement, $6.9
million Citywide to rehabilitate small diameter sewers, and $4.7 million for 23rd
Ave equipment replacement.

22-23
21-22

Major projects budgeted for in fiscal year 2021-22 included $49.8 million on Lift
Stations, $33.2 million on Dixileta Dobbins North Gravity Sewer, $22.7 million
primarily rehabbing at 91st Ave, $16.3 million at 23rd Ave including designing
and constructing a new grit basin, $6.6 million rehabbing small diameter sewers
Citywide, $5.9 million rehabbing Cave Creek Reclamation Plant, $3 million 32nd
Street sanity sewer between Cortez Street and Cactus Road, and $3.0 million for
Sewer Relocation due to Light Rail.

20-21
19-20
$0

$100

$200

$300

$400
$500
Thousands

Major projects budgeted for in fiscal year 2022-23 included $20 million on growth-related wastewater infrastructure in Desert View area, $17 million to replace and
rehabilitate equipment used in solids thickening, $17 million to rehabilitate Plant 2 equipment at 91st Ave, $12 million to rehabilitate or replace large diameter sewers,
$11 million 23rd Ave Grit Basin Replacement, $9 million to rehabilitate small sewers citywide, $5 million for rehabilitate or replacing PVC-lined concrete sanitary
interceptors, and $4 million for Dixileta Dobbins North Gravity Sewer. In addition, the City has budgeted $165 million for contingencies.
Major projects budgeted for in fiscal year 2023-24 include $50 million to rehabilitate equipment at Cave Creek, $29 million to replace and rehabilitate Plant 2
equipment at 91st Ave, $23 million to rehabilitate or replace PVC-lined concrete sanitary interceptors, $19 million to replace and rehabilitate equipment used in solids
thickening, $16 million to rehabilitate small diameter sewers Citywide, $15 million to construct a new force main, $12 million for large growth-related infrastructure in
the Desert View Impact fee area, and $11 million for the Northwest Wastewater Gravity Sewer. Additionally, the City has budgeted $66 million for contingencies.

19-20

Water System $ 252,146

20-21

21-22

22-23

$ 434,000

$ 205,485

$152,431

23-24 (Budget)

23-24 (YTD)

$

$

630,908

18,280

Discussion:

Water System

Major projects budgeted for in fiscal year 2019-20 included $84.3 million on water
main replacement and construction, $55.9 million on Water Treatment Plants, and
$38.9 million on wells.

23-24 (YTD)
23-24 (Budget)

Major projects budgeted for in fiscal year 2020-21 included $153 million on water
main from 24th Street treatment plant to 32nd St and Bell Road, $110 million on
water boosters, and $20 million on transmission main rehabilitation.

22-23
21-22
20-21
19-20
$0

$200

$400

$600

$800

Major projects budgeted for in fiscal year 2021-22 included $47 million on Dixileta
Dobbins to install water infrastructure, $21 million on relocating waterlines along the
Light Rail, $15 million to provide power redundancy at 24th Street Water Treatment
Plant, $12 million to repair and replace leaking water services from main to meter,
and $9 million in underground aquifer water storage.

Major projects budgeted for in fiscal year 2022-23 included $104 million for water engineering and construction labor, $51 million for the Southern/Northern Water
Growth Projects for growth-related water infrastructure, $22 million at DVWTP to relocate existing chemical storage and related chemical feed pumping systems to
upgrade and replace aging facilities, $17 million on underground Aquifer Water Storage, $12 million on Booster Pump Stations, $12 million Remote Facilities Rehab
and Replacement, $11 million for 24th Street WTP rehabilitation, and $9 million to Acquire Additional Water Resources. Additionally, the City budgeted $105 million for
Water contingencies.
Major projects budgeted for in fiscal year 2023-24 include $85 million on booster pump stations, $25 million to install and upgrade water mains, $42 million for Deer
Valley plant rehabilitation, $32 million for 24th Street treatment plant rehabilitation, $30 million for infrastructure construction in the Southern development impact fee
area, $17 million for groundwater wells construction, $17 million on plant power redundancy at 24 th Street, $15 million for concrete reservoir rehabilitation, $15 million
for construction improvements, and $12 million for aquifer storage recovery wells. Additionally, the City budgets $105 million for Water contingencies.

9

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 (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

General Fund Revenues
$2,000,000
$1,600,000

September YTD Revenues

$1,200,000
$800,000
Annual Revenues*

$400,000
$0
19-20

Fiscal Year
19-20
20-21
21-22
22-23
23-24

September
YTD
276,016
364,966
318,115
361,278
425,035

20-21

21-22

22-23

23-24

Annual
% of Annual
Revenues* Revenues
1,307,357
21.1%
1,491,537
24.5%
1,508,526
21.1%
1,695,886
21.3%
1,833,837
23.2%

* For prior years - total actual revenues, for current year - total approved budget

Year to Date Performance Status
Better than Expected
Fiscal year 2023-24 general fund operating revenues are budgeted to increase 8.1% over prior year actuals. Actual revenues
through September are 17.6% higher than the same period in the prior fiscal year. Specific revenue sources are discussed on the
following pages.

10

Property Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Property Taxes Primary & Secondary
360,000
320,000
280,000

131,092

126,148

240,000

119,973

115,069

107,555

Secondary

200,000

Primary

160,000
120,000
80,000

206,935

201,050

192,215

182,043

170,209

40,000
256
19-20

Fiscal Year
19-20
20-21
21-22
22-23
23-24 YTD
23-24 Budget

Total
277,764
297,112
312,188
327,198
654
338,027

July
(1,141)
(1,619)
(1,490)
(1,541)
(1,819)
(1,678)

20-21

Aug
1,081
1,541
1,141
1,275
1,291
1,428

Sept
647
1,288
1,040
1,357
1,182
1,330

21-22

Oct
11,579
21,550
24,048
29,752
27,197

Nov
106,458
89,520
101,285
98,119
104,287

398
23-24 YTD

22-23

Dec
23,612
38,512
33,534
39,943
40,422

Jan
14,875
15,608
18,086
16,279
18,038

Feb
7,447
6,612
6,889
7,687
7,648

Mar
8,185
9,456
8,972
10,370
10,395

Apr
12,116
15,171
15,063
15,618
16,550

23-24 Budget

May
66,043
76,862
71,096
77,294
81,304

June
26,862
22,611
32,524
31,045
31,106

Primary Secondary
170,209
107,555
182,043
115,069
192,215
119,973
201,050
126,148
398
256
206,935
131,092

Note: Monthly budget amount for 23-24 is the average % of last 3 fiscal years of the total actual amount.

Year to Date Performance Status
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 3.3% in fiscal year 2023-24 over fiscal year 2022-23 actuals.

11

Local Sales Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Local Sales Tax
Budget vs Actual
90,000
80,000
70,000
60,000

19-20 Actuals
20-21 Actuals

50,000

21-22 Actuals

40,000

22-23 Actuals
23-24 Actuals

30,000

23-24 Budget

20,000
10,000
July

Fiscal Year
19-20
20-21
21-22
22-23
23-24
23-24 Budget

July
33,070
41,583
44,048
43,479
65,562
46,969

Aug

Sept

Aug
36,653
59,937
61,805
67,368
40,693
65,383

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
Sept
September
56,465
126,188
135,455
33,935
147,369
41,516
157,586
46,739
168,019
61,764
164,092
51,740

Oct
31,089
45,467
50,734
81,273
60,402

Nov
40,325
52,188
60,971
35,837
54,829

Dec
51,643
39,837
53,633
59,276
59,193

Jan
39,512
42,051
70,197
70,667
64,417

Feb
33,570
32,672
42,535
54,420
47,264

Mar
61,093
63,749
44,740
52,376
64,281

Apr
29,662
40,758
54,758
43,371
48,814

May
35,239
40,197
72,938
85,884
67,844

June
50,222
67,088
61,286
56,272
68,020

Year to Date Performance Status
Better than Expected
Local Sales Tax for fiscal year 2023-24 are budgeted to increase 0.3% over fiscal year 2022-23 actual results. Year-to-date Local Sales Tax through September are 2.4% higher than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual budget. Monthly
budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through September fiscal year 2023-24 Local Sales Tax revenues increased 6.6% compared to the same period in prior year. For the fiscal year 2022-23 Local Sales Tax for the full year
increased 5.7% over fiscal year 2021-22. Fiscal year 2021-22 increased 17.8% over 2020-21 full year results.

12

State Sales Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

State Sales Tax
Budget vs Actual
35,000
30,000
25,000

19-20 Actuals
20-21 Actuals

20,000

21-22 Actuals
22-23 Actuals

15,000

23-24 Actuals
23-24 Budget

10,000
5,000
July

Fiscal Year
19-20
20-21
21-22
22-23
23-24
23-24 Budget

July
20,116
22,912
26,539
28,422
31,080
28,837

Aug

Sept

Aug
14,944
14,482
18,124
15,064
17,702
18,427

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
September
Sept
11,479
46,539
13,123
50,517
16,285
60,948
22,937
66,423
21,440
70,222
18,783
66,047

Oct
14,226
18,038
18,259
18,918
20,436

Nov
16,443
13,095
15,097
17,357
18,244

Dec
12,120
19,640
23,860
22,501
22,990

Jan
17,440
19,033
22,364
20,469
23,339

Feb
17,707
10,831
12,163
19,205
17,630

Mar
12,285
15,878
18,738
22,501
20,424

Apr
18,557
23,414
25,105
23,090
26,535

May
11,288
17,998
15,952
15,244
17,799

June
5,321
12,848
17,415
16,105
15,212

Year to Date Performance Status
Better than Expected
State Sales Tax for fiscal year 2023-24 are budgeted to increase 2.8% over fiscal year 2022-23 actual results. Year-to-date State Sales Tax through September are 6.3% higher than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual budget. Monthly
budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through September fiscal year 2023-24 State Sales Tax revenues increased 5.7% compared to the same period in prior year. For the fiscal year 2022-23 State Sales Tax for the full
year increased 5.2% over fiscal year 2021-22. Fiscal year 2021-22 increased 14.2% over 2020-21 full year results.

13

Vehicle License Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Vehicle License Tax
Budget vs Actual
14,000
12,000
19-20 Actuals

10,000

20-21 Actuals
21-22 Actuals

8,000

22-23 Actuals
6,000

23-24 Actuals
23-24 Budget

4,000
2,000
July

Fiscal Year
19-20
20-21
21-22
22-23
23-24
23-24 Budget

Aug

July
10,791
10,098
10,453
10,826
10,796
11,665

Sept

Aug
5,619
7,692
5,328
5,739
5,974
6,744

Oct

Nov

YTD thru
September
Sept
5,207
21,617
6,207
23,997
6,363
22,144
6,274
22,839
6,936
23,706
6,653
25,062

Dec

Jan

Feb

Mar

Apr

May

Oct
6,146
7,328
6,970
6,676
7,502

Nov
5,408
4,608
4,862
5,183
5,549

Dec
5,891
6,529
6,537
6,555
7,057

Jan
6,514
7,328
7,285
6,684
7,693

Feb
6,528
5,568
5,828
6,276
6,694

Mar
5,960
6,411
6,418
7,297
7,216

June

Apr
5,110
7,162
8,075
7,252
7,635

May
4,699
6,472
6,061
7,241
6,770

June
2,611
4,365
4,515
4,590
4,448

Year to Date Performance Status
Monitor and Consider Taking Action
Vehicle License Tax for fiscal year 2023-24 are budgeted to increase 6.2% over fiscal year 2022-23 actual results. Year-to-date Vehicle License Tax through September are 5.4% lower
than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual budget.
Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through September fiscal year 2023-24 Vehicle License Tax revenues increased 3.8% compared to the same period in prior year. For the fiscal year 2022-23 Vehicle License Tax for the
full year increased 2.4% over fiscal year 2021-22. Fiscal year 2021-22 decreased 1.3% over 2020-21 full year results.

14

Governmental Funds Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Governmental Funds Revenues
Budget vs Actual
600,000

500,000

19-20 Actuals
20-21 Actuals

400,000

21-22 Actuals
22-23 Actuals
23-24 Actuals

300,000

23-24 Budget

200,000

100,000

-

Fiscal Year
19-20
20-21
21-22
22-23
23-24
23-24 Budget

July

Aug

Sept

Oct

Nov

Dec

July
100,481
68,761
123,174
79,979
154,502
114,645

Aug
187,393
217,048
225,569
274,628
239,106
288,476

YTD thru
September
Oct
Sept
194,506
482,380 175,883
260,275
546,084 215,731
185,901
534,644 231,638
211,185
565,792 288,507
274,616
668,224
272,566
675,687 291,960

Jan

Nov
269,127
298,362
324,875
300,162
381,199

Feb

Dec
226,582
236,818
253,979
275,549
318,233

Mar

Jan
209,806
216,626
267,406
263,160
306,678

Apr

May

June

Feb
187,061
178,738
199,258
246,172
260,842

Mar
217,521
272,444
230,537
255,008
312,903

Apr
180,484
316,241
255,574
243,521
321,256

May
226,625
277,929
320,064
419,779
399,467

June
378,887
362,173
540,197
497,001
581,656

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 Funds for fiscal year 2023-24 are budgeted to increase 14.8% over fiscal year 2022-23 actual results. Year-to-date Governmental Funds
revenues through September are 1.1% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are
based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.

Through September fiscal year 2023-24 Governmental Funds revenues increased 18.1% compared to the same period in prior year. For the fiscal year 2022-23 Governmental Funds for
the full year increased 6.2% over fiscal year 2021-22. Fiscal year 2021-22 increased 8.1% over 2020-21 full year results.

15

Aviation Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Aviation Operating Revenues
Budget vs Actual
160,000

120,000
19-20 Actuals
20-21 Actuals
21-22 Actuals

80,000

22-23 Actuals
23-24 Actuals
23-24 Budget

40,000

July

Fiscal Year
19-20
20-21
21-22
22-23
23-24
23-24 Budget

Aug

July
30,489
25,387
36,735
12,023
43,541
29,090

Sept

Aug
32,307
2,666
33,945
37,402
46,444
29,559

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
September
Sept
32,953
95,749
27,193
55,246
28,302
98,982
34,042
83,467
42,615
132,600
34,054
92,703

Oct
32,056
21,045
31,904
41,419
35,148

Nov
33,532
23,880
36,031
66,192
44,381

Dec
36,787
31,636
35,025
25,237
35,777

Jan
34,297
18,059
57,391
46,228
43,364

Feb
34,215
61,877
33,583
57,291
51,980

Mar
34,228
25,487
38,417
45,866
40,034

Apr
27,255
31,454
40,080
48,930
41,069

May
23,524
30,668
46,367
46,926
41,004

June
10,702
91,844
155,860
112,245
103,048

Year to Date Performance Status
Better than Expected
Aviation Operating revenue for fiscal year 2023-24 are budgeted to decrease 7.9% over fiscal year 2022-23 actual results. Year-to-date Aviation Operating revenues through September
are 43.0% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through September fiscal year 2023-24 Aviation Operating revenues increased 58.9% compared to the same period in prior year. For the fiscal year 2022-23 Aviation Operating
revenues for the full year increased 0.0% over fiscal year 2021-22. Fiscal year 2021-22 increased 46.6% over 2020-21 full year results.

16

Water System Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Water System Operating Revenues
Budget vs Actual
90,000
80,000
70,000
60,000

19-20 Actuals

50,000

20-21 Actuals
21-22 Actuals

40,000

22-23 Actuals

30,000

23-24 Actuals

20,000

23-24 Budget

10,000
July

Fiscal Year
19-20
20-21
21-22
22-23
23-24
23-24 Budget

Aug

July
52,660
57,819
58,256
60,867
79,474
74,381

Sept

Aug
51,596
53,509
42,379
49,237
60,009
63,729

Oct

Nov

YTD thru
Sept
September
47,319
151,575
52,454
163,782
47,181
147,816
53,259
163,363
59,303
198,786
64,861
202,971

Dec

Jan

Feb

Mar

Apr

May

June

Oct
40,300
47,335
39,257
44,825
55,629

Nov
38,339
42,280
41,784
40,352
52,726

Dec
26,405
33,139
37,523
33,550
42,314

Jan
25,330
28,579
28,902
28,416
36,033

Feb
25,643
25,188
28,035
26,868
34,253

Mar
24,861
28,415
31,242
30,349
37,212

Apr
29,080
37,714
40,702
35,722
46,397

May
40,442
42,556
45,193
41,526
54,981

June
52,141
43,174
51,821
52,443
64,655

Year to Date Performance Status
Monitor and Consider Taking Action
Water System Operating revenues for fiscal year 2023-24 are budgeted to increase 26.1% over fiscal year 2022-23 actual results. Year-to-date Water System Operating revenues
through September are 2.1% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an
allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through September fiscal year 2023-24 Water System Operating revenues increased 21.7% compared to the same period in prior year. For the fiscal year 2022-23 Water System
Operating revenues for the full year increased 1.0% over fiscal year 2021-22. Fiscal year 2021-22 increased 0.0% over 2020-21 full year results.

17

Wastewater Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Wastewater Operating Revenues
Budget vs Actual
35,000
30,000
25,000
19-20 Actuals

20,000

20-21 Actuals
15,000

21-22 Actuals
22-23 Actuals

10,000

23-24 Actuals
23-24 Budget

5,000
July

Fiscal Year
19-20
20-21
21-22
22-23
23-24
23-24 Budget

Aug

July
18,374
21,205
22,011
18,108
18,448
21,965

Sept

Aug
24,593
22,791
21,971
22,936
22,257
25,436

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
September
Sept
21,373
64,340
21,844
65,840
26,947
70,929
19,029
60,073
26,911
67,616
24,582
71,983

Oct
20,975
22,234
18,312
22,401
23,129

Nov
21,142
18,577
21,720
25,044
23,835

Dec
20,888
24,461
24,380
19,691
24,644

Jan
22,063
18,430
22,218
26,128
24,484

Feb
20,973
24,355
21,916
25,503
25,561

Mar
21,613
21,754
23,023
22,405
24,472

Apr
18,428
21,584
24,091
21,595
23,618

May
23,948
20,085
22,296
23,607
24,786

June
18,289
17,424
17,973
28,591
22,676

Year to Date Performance Status
Monitor and Consider Taking Action
Wastewater Operating revenues for fiscal year 2023-24 are budgeted to increase 5.1% over fiscal year 2022-23 actual results. Year-to-date Wastewater Operating revenues through
September are 6.1% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation
of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through September fiscal year 2023-24 Wastewater Operating revenues increased 12.6% compared to the same period in prior year. For the fiscal year 2022-23 Wastewater Operating
revenues for the full year increased 3.1% over fiscal year 2021-22. Fiscal year 2021-22 increased 4.8% over 2020-21 full year results.

18

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 SEPTEMBER 30
(dollars in thousands)
Budget
Estimate
2023-2024

Actual
Year-to-Date
2023-2024
2022-2023

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

$

$

699,157
3,005

168,019 $
404

157,586
312

248,655
435,656
85,627
206,935
3,070
8,000

70,222
108,939
23,706
398
751
(136)

66,423
77,046
22,839
669
684
(123)

7,987
778
14,511
438
6,372
1,811
6,946

2,112
197
3,642
90
1,813
372
6,604

2,006
194
2,314
140
1,819
452
4,790

51,332
1,700
18,066
14,540
19,250

20,771
191
4,520
7,276
5,143

12,748
359
4,470
2,491
4,058

1,833,837

19

$

$

425,035

$

361,278

General Fund Expenditures
As of SEPTEMBER 30
(dollars in thousands)
Budget
Estimate
2023-2024

Actual
Year-to-Date
2023-2024
2022-2023

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

$

2,700
6,854
11,109
92,038
4,778
3,486
34,148
3,682
9,744
30,340
4,563
29,093
1,944
234,477

$

674 $
1,649
3,245
27,266
1,732
949
8,279
1,029
2,309
10,563
1,243
7,620
1,252
67,809

559
1,191
1,878
19,894
813
622
7,131
723
1,396
9,194
1,387
5,999
1,048
51,836

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

38,970
6,295
45,265

10,679
1,236
11,914

9,878
1,085
10,963

Public Safety
Police
Fire
Others
Total Public Safety

741,278
481,278
1,222,556

209,384
142,912
352,296

173,633
118,453
292,087

Transportation
Street Transportation
Public Transit
Total Transportation

25,473
25,473

6,283
54
6,337

5,972
1,891
7,863

Community Development
Economic Development
Neighborhood Services Department
Planning and Development
Others
Total Community Development

9,771
20,578
7,072
2,003
39,424

2,029
5,198
1,468
154
8,849

1,801
4,523
976
559
7,860

Community Enrichment
Parks and Recreation
Library
Human Services
Others
Total Community Enrichment

128,060
49,528
40,944
9,235
227,767

40,625
14,595
10,041
4,891
70,152

34,144
16,410
7,475
2,877
60,906

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

36,023
1,789
715
38,527

11,849
447
286
12,582

7,480
284
229
7,993

Capital Improvement

121,932

5,407

2,472

Vacancy Savings

(28,000)

-

-

Contingencies

101,247

Total Expenditures and Encumbrances $

20

2,028,668

$

-

-

535,347 $

441,979

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 SEPTEMBER 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

Budget
Estimate
2023-2024
$

699,157
3,005

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

$

21

Actual
Year-to-Date
2023-2024
2022-2023
$

168,019 $
404

157,586
312

248,655
435,656
85,627
206,935
3,070
8,000
8,764
14,511
438
6,372
1,811
6,946
71,098
14,540
19,250

70,222
108,939
23,706
398
751
(136)
2,308
3,642
90
1,813
372
6,604
25,482
7,276
5,143

66,423
77,046
22,839
669
684
(123)
2,200
2,314
140
1,819
452
4,790
17,577
2,491
4,058

1,833,837

425,035

361,278

53,788
136,966
56,273
10,130
402,264
4,673
84,311
6,157
32,452
158,475
82,429
11,905
51,070
790,214
134,938

11,441
25,551
12,511
1,887
89,056
(3,717)
29,555
1,927
5,438
38,436
18,517
710
258
11,364
256

11,059
27,705
11,361
1,791
82,808
(660)
37,450
1,511
5,037
36,503
8,474
990
(2,604)
(17,334)
426

2,016,044

243,189

204,514

528,508
112,998
627,172
289,188
197,194

132,600
23,304
198,786
67,616
53,004

83,467
21,535
163,363
60,073
51,429

1,755,060

475,310

379,868

5,604,941

$ 1,143,533 $

945,659

Citywide Operating Expenditures
As of SEPTEMBER 30
(dollars in thousands)

Source
General Government
General Funds
Other Funds
Total General Government

Actual
Year-to-Date
2023-2024
2022-2023

Budget
2023-2024

67,809 $
8,323
76,132

51,836
32,778
84,614

45,265
9,015
54,280

11,914
2,077
13,991

10,963
1,790
12,753

Public Safety
General Funds
Other Funds
Total Public Safety

1,222,556
325,176
1,547,732

352,296
88,065
440,361

292,087
84,341
376,428

Transportation
General Funds
Other Funds
Total Transportation

25,473
888,969
914,442

6,337
360,755
367,092

7,863
383,154
391,017

Community Development
General Funds
Other Funds
Total Community Development

39,424
375,715
415,139

8,849
68,642
77,491

7,860
53,618
61,478

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

227,767
250,687
478,454

70,152
104,405
174,557

60,906
82,469
143,375

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,527
880,336
918,863

12,582
238,388
250,970

7,993
212,292
220,285

Debt Service
General Funds
Other Funds
Total Debt Service

136,900
136,900

34,000
34,000

109,353
109,353

121,932
1,649,740
1,771,672

5,407
138,086
143,493

2,472
107,254
109,726

Non-Departmental Grants
General Funds
Other Funds
Total Non-Departmental Grants

75,839
75,839

-

-

Vacancy Savings
General Funds
Other Funds
Total Vacancy Savings

(28,000)
(28,000)

-

-

Contingencies
General Funds
Other Funds
Total Contingencies

101,247
75,500
176,747

-

-

2,028,668
4,721,119
6,749,787

535,346
1,042,741
1,578,087 $

$

Criminal Justice
General Funds
Other Funds
Total Criminal Justice

Capital Improvement
General Funds
Other Funds
Total Capital Improvement

Total Operating
General Funds
Other Funds
Total Operating Budget

$

234,477
53,242
287,719

22

$

$

441,980
1,067,049
1,509,030

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
SEPTEMBER 30
2023
2022

Budget
Estimate
2023-2024

Source

Actual Year-to-Date
2023-2024
2022-2023

General Funds
$

61,764,884
81,452
61,846,336

$

46,739,328
77,099

Local Taxes:
Sales Taxes
Privilege License Fees

$

699,157,051
3,005,450

$

168,019,473
403,630

$

157,586,343
312,055

46,816,427

Total Local Taxes

702,162,501

168,423,103

157,898,398

21,440,309
36,312,872
6,936,178

22,936,922
25,681,939
6,274,334

State Shared Taxes:
State Sales Tax
State Income Tax
Vehicle License Tax

248,655,000
435,656,000
85,627,000

70,222,490
108,938,616
23,706,455

66,423,366
77,045,818
22,838,843

64,689,359

54,893,195

769,938,000

202,867,561

166,308,027

726,214

832,620

Primary Property Tax

206,935,000

397,641

668,958

249,054

316,223

Licenses and Permits

3,070,000

750,959

683,783

-

-

Cable Communications

8,000,000

(135,857)

(122,815)

657,612
55,096

669,877
62,098

Municipal Court:
Fines and Forfeitures
Court Default Fee

7,986,764
777,600

2,111,600
196,892

2,005,736
194,497

8,764,364

2,308,492

2,200,233

14,511,088

3,641,673

2,314,498

Total State Shared Taxes

712,708

731,975

1,438,489

642,095

Police

Total Municipal Court

17,979

110,277

Library Fees

438,376

89,813

140,250

463,639

467,339

Parks and Recreation

6,371,912

1,813,149

1,819,384

116,875

153,497

Planning and Development

1,810,900

372,422

452,448

1,070,265

464,186

Street Transportation

6,946,062

6,604,317

4,789,878

41,986,204
74,525
1,278,391

2,281,308
92,750
693,959

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

51,332,000
1,700,000
18,066,317

20,770,905
191,025
4,520,460

12,748,123
358,800
4,469,731

43,339,120

3,068,017

71,098,317

25,482,390

17,576,654

2,314,889

922,191

14,539,712

7,275,555

2,490,695

737,815

1,629,033

177,722,742

111,047,075

Total Fire
Interest
Other Fees and Service Charges
Total General Funds

19,250,440

5,143,466

4,058,169

1,833,836,672

425,034,684

361,278,560

Special Revenue and Debt Service Funds
2,804,415
200,315
1,001,577
59,595

2,546,712
181,909
909,540
57,021

Neighborhood Protection:
Police Neighborhood Protection
Police Blockwatch
Fire Neighborhood Protection
Interest/Other

37,394,341
2,671,453
13,356,262
365,618

7,869,119
562,080
2,810,400
199,664

7,656,384
546,885
2,734,423
120,811

4,065,902

3,695,182

Total Neighborhood Protection

53,787,674

11,441,263

11,058,503

6,420,517
1,608,912
95,066

7,729,973
2,625,247
34,921

103,978,215
32,710,001
278,000

19,677,506
5,533,027
340,204

21,045,530
6,547,956
111,214

8,124,495

10,390,141

136,966,216

25,550,737

27,704,700

4,427,764

3,796,761

56,272,960

12,510,752

11,360,686

Public Safety Enhancement & Expansion:
Police
Fire
Interest/Other
Total Public Safety Enhancement & Expansion
Parks and Preserves

23

Citywide Operating Revenue by Source
For the Month Ended
SEPTEMBER 30
2023
2022
$

428,526
244,454
14,182
46,575

$

Budget
Estimate
2023-2024

Source

416,259
263,766
5,912
64,890

Golf Courses:
Fees
Coffee Shops
Concessions
Interest
Other

$

6,566,050
3,022,550
45,000
496,615

Actual Year-to-Date
2023-2024
2022-2023
$

1,032,417
675,750
46,602
131,925

$

955,809
696,156
16,345
122,677

733,737

750,827

Total Golf Courses

10,130,215

1,886,694

1,790,987

27,364,418
4,869,675

24,765,763
2,644,304

Transit 2000 & 2050:
Sales Taxes
Interest/Other

364,772,821
37,490,765

76,780,257
12,275,783

74,536,716
8,270,853

32,234,093

27,410,067

402,263,586

89,056,040

82,807,569

Court Awards

4,672,692

(3,716,515)

(660,123)

Planning and Development

84,311,300

29,554,608

37,449,610

Capital Construction

6,157,424

1,926,751

1,510,556

Sports Facilities:
Sales Taxes
Interest/Other

28,487,629
3,964,315

4,659,582
778,867

4,806,556
230,087

-

-

Total Transit 2000 & 2050

7,249,163

9,197,485

650,535

540,660

1,359,646
266,261

1,413,461
87,047

1,625,907

1,500,508

Total Sports Facilities

32,451,944

5,438,449

5,036,643

12,518,753
454,819
2,635

11,001,549
170,190
2,956

Highway User Revenue:
Highway User Revenue
Interest
Other

157,955,000
500,000
20,000

37,040,317
1,347,469
47,353

36,021,763
449,709
31,297

12,976,207

11,174,695

158,475,000

38,435,139

36,502,769

-

-

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,591,921

3,260,841

Regional Transit Revenues

82,428,550

18,516,987

8,473,533

305,846

502,426

Community Reinvestment

11,905,291

710,104

990,090

425,968

4,015,182

Other Restricted Fees

51,069,507

258,035

(2,603,593)

393,055
11,228,394
2,219,330

324,169
10,166,975
556,000

Grants:
Public Housing:
Rentals
Grants
Other

5,139,519
180,635,763
60,510,644

1,217,712
41,055,549
11,924,498

1,117,788
31,368,099
(1,521,433)

13,840,779

11,047,144

246,285,926

54,197,759

30,964,454

6,813,873
1,771,735
442,191
(4,842,610)

3,055,056
6,079,054
46,284
3,151,786

69,661,897
136,907,541
58,578,515
278,779,742

6,138,169
(41,904,994)
(4,009,298)
(3,057,950)

679,019
(37,825,517)
(6,041,667)
(5,110,408)

4,185,189

12,332,180

Total Other

543,927,695

(42,834,073)

(48,298,573)

18,025,968

23,379,324

Total Grants

790,213,621

11,363,686

(17,334,119)

454,960
130

523,641
-

131,092,075
3,846,046

255,686
130

421,860
4,067

455,090

523,641

134,938,121

255,816

425,927

96,892,596

100,137,740

2,016,044,101

243,188,546

204,513,738

Total Public Housing
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

24

Citywide Operating Revenue by Source
For the Month Ended
SEPTEMBER 30
2023
2022

Budget
Estimate
2023-2024

Source

Actual Year-to-Date
2023-2024
2022-2023

Enterprise Funds
AVIATION:
$

11,089,279 $
28,516,967
1,630,066
249,305
273,151
319,826
537,011

8,337,615
28,801,096
458,345
(4,314,991)
259,055
289,467
211,801

42,615,605

34,042,388

Sky Harbor:
Airlines
Concessions
Interest
Other
Phoenix-Goodyear
Phoenix-Deer Valley
Phoenix-Customer Facility Charge

$

Total Aviation

132,626,916
374,531,216
8,130,000
3,270,252
2,984,888
3,584,906
3,380,000

$

32,976,281
90,607,536
4,750,102
860,311
845,203
964,961
1,596,013

$

25,607,384
82,104,117
1,167,062
(27,613,535)
787,916
853,972
560,569

528,508,178

132,600,407

83,467,485

86,163,389
25,634,387
1,200,000

16,408,786
5,701,696
1,193,268

16,503,180
4,769,601
261,956

112,997,776

23,303,750

21,534,737

567,565,219
5,000,000
9,382,054
10,703,646
6,200,000
7,213,000
21,108,100

165,302,723
766,692
3,829,068
3,415,297
1,630,140
2,983,289
20,859,066

149,980,049
779,547
3,405,031
2,284,859
1,663,560
1,145,960
4,104,424

627,172,019

198,786,275

163,363,430

CONVENTION CENTER:
5,486,218
1,960,796
411,638

5,239,670
1,459,426
102,514

7,858,652

6,801,610

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER SYSTEM:

54,096,586
257,233
525,131
2,010,711
814,440
1,010,296
588,539

47,272,764
234,902
357,855
200,611
431,280
434,040
4,328,386

59,302,936

53,259,838

Water Sales
Water Service Fees
Distribution
Intergovernmental
Development Fees
Interest
Other
Total Water System
WASTEWATER:

17,846,924
3,809,831
792,300
990,586
3,470,403

17,324,796
(115,943)
418,320
419,766
982,575

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

232,083,321
16,357,249
6,200,000
9,367,000
25,180,224

53,084,039
5,782,965
1,575,180
2,993,784
4,179,570

49,014,068
3,906,678
1,549,140
1,129,522
4,473,660

26,910,044

19,029,514

Total Wastewater

289,187,794

67,615,538

60,073,068

178,603,138
13,906,117
450,000
4,235,040

45,517,078
3,969,996
476,504
3,040,153

44,067,309
3,739,929
193,068
3,428,620

197,194,295

53,003,731

51,428,926

1,755,060,062

475,309,701

379,867,646

SOLID WASTE:

$

15,164,412
1,323,994
150,937
991,257

14,715,534
1,106,680
73,253
1,179,244

17,630,600

17,074,711

154,317,837

130,208,061

428,933,175

$

341,392,876

Collection Fees
Landfill Fees
Interest
Other
Total Solid Waste
Total Enterprise Funds
Total Operating Revenues

$

25

5,604,940,835

$

1,143,532,931

$

945,659,944

Citywide Operating Expenditures by Program
For the Month Ended
SEPTEMBER 30
2023
2022

Program

Budget
Estimate
2023-2024

2023-2024 Year-to-Date
Operating Expenditures & Encumbrances
Capital
Operations
and Debt

Actual Year-to-Date
2023-2024
2022-2023

General Government
$

231,301 $
418,427
1,042,952
8,337,629
298,905
622,355
255,159
2,511,741
302,244
686,748
6,299,019
304,089
13,740
372,271
3,120,916
1,529,265

171,771
382,480
613,846
7,116,614
75,960
233,960
244,588
2,412,373
235,157
436,313
27,945,049
259,278
12,506
428,314
3,097,049
1,145,527

26,346,763

44,810,783

$
Mayor
City Council
City Manager
Information Technology Services
Government Relations
Public Information
Equal Opportunity
Law
City Auditor
City Clerk
Human Resources
Retirement Systems
Phoenix Employment Relations Board
Budget and Research
Finance
Regional Wireless Cooperative
Total General Government

2,700,000
6,854,261
17,288,658
105,471,392
1,580,787
4,803,103
4,066,660
35,832,717
3,682,271
9,744,371
38,268,397
852,015
129,248
4,562,718
45,001,681
6,881,164

$

673,787
1,648,995
3,492,847
30,643,614
575,739
1,737,457
1,093,292
8,734,544
1,028,952
2,309,176
11,187,263
861,536
40,712
1,243,141
11,100,954
(240,011)

$

558,751
1,191,356
2,056,271
22,855,234
343,361
887,114
761,112
7,608,854
723,148
1,396,292
35,242,442
735,755
36,039
1,386,546
8,509,719
322,387

$

673,787
1,648,995
3,492,847
27,500,657
575,739
1,737,457
1,093,292
8,734,544
1,028,952
2,309,176
11,026,643
861,536
40,712
1,243,141
8,153,539
(240,011)

$

3,142,957
160,620
2,947,415
-

287,719,443

76,131,997

84,614,382

69,881,004

6,250,993

47,984,830
6,295,331

12,755,571
1,235,568

11,667,904
1,085,264

11,176,421
1,235,568

1,579,150
-

54,280,161

13,991,139

12,753,168

12,411,988

1,579,150

980,679,674
567,051,944
-

273,740,040
166,621,186
-

234,611,980
141,815,703
289

273,230,083
166,112,996
-

509,957
508,190
-

1,547,731,618

440,361,226

376,427,972

439,343,079

1,018,147

Criminal Justice
3,927,262
497,341

3,756,227
467,775

4,424,604

4,224,002

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

83,758,653
48,706,997
-

72,323,735
51,408,060
-

132,465,651

123,731,795

Police
Fire
Other

Total Public Safety
Transportation

8,284,203
1,096,737
33,070,044
17,484,357

8,617,768
327,579
33,943,031
41,125,745

Street Transportation
Street Lighting
Aviation
Public Transit

126,809,355
10,266,365
442,525,728
334,840,200

31,744,061
3,311,231
103,977,160
228,059,509

35,489,369
3,323,526
105,298,188
246,906,256

28,491,103
3,311,231
79,236,641
228,059,509

3,252,958
24,740,519
-

59,935,341

84,014,122

Total Transportation

914,441,648

367,091,961

391,017,339

339,098,484

27,993,477

Community Development
8,156,153
13,847,046
1,689,689
3,240,545

7,302,562
8,956,227
869,008
2,428,795

Planning and Development
Housing
Economic Development
Neighborhood Services Department

96,602,351
199,791,557
27,666,019
91,078,576

23,502,162
38,080,563
6,282,146
9,625,835

20,875,756
28,748,730
4,160,556
7,693,399

23,502,162
37,937,786
4,818,865
9,625,835

142,777
1,463,281
-

26,933,434

19,556,592

Total Community Development

415,138,503

77,490,706

61,478,442

75,884,649

1,606,057

150,922,077
52,313,101
76,642,732
12,759,875
172,977,937
6,219,799
6,618,485

46,383,533
14,928,084
31,446,693
3,190,239
71,832,661
4,248,618
2,527,120

38,863,810
17,110,696
28,442,451
3,282,158
50,514,697
3,881,058
1,279,867

46,224,637
14,928,084
27,076,793
71,801,736
4,248,618
2,527,120

158,895
4,369,900
3,190,239
30,925
-

478,454,006

174,556,947

143,374,738

166,806,988

7,749,959

Community Enrichment
14,649,677
3,404,934
4,340,293
1,063,893
16,725,310
30,430
1,298,882

13,747,828
3,591,584
5,436,557
1,094,533
9,217,086
90,786
624,740

41,513,419

33,803,114

Parks and Recreation
Library
Convention Center
Sports and Cultural Facilities
Human Services
Public Parking Facilities
Other
Total Community Enrichment

26

Citywide Operating Expenditures by Program
For the Month Ended
SEPTEMBER 30
2023
2022

Budget
Estimate
2023-2024

Program

2023-2024 Year-to-Date
Operating Expenditures & Encumbrances
Capital
Operations
and Debt

Actual Year-to-Date
2023-2024
2022-2023

Environmental Services
$

38,097,989 $
16,976,880
15,966,663
3,709,866
315,358
139,185

32,434,931
14,785,636
15,609,650
3,006,215
553,849
90,911

75,205,940

66,481,191

Water System
Wastewater
Solid Waste Management
Public Works
Environmental Programs
Manager's Office of Sustainability

$

Total Environmental Services

457,619,596
224,901,618
182,579,989
47,591,219
5,070,133
1,100,374

$

126,826,389
58,729,755
49,279,207
14,582,938
1,169,529
381,809

$

112,843,014
50,403,303
44,386,805
11,165,500
1,236,625
249,678

$

89,098,109
38,979,708
47,034,207
11,853,590
1,169,529
381,809

$

37,728,280
19,750,046
2,245,000
2,729,348
-

918,862,929

250,969,628

220,284,925

188,516,954

62,452,674

12,670,339
23,155,869
100,500
14,829,694
626,325
3,029,663
558,750
12,892,226
6,768,002
377,425
17,184,992
12,573,822
1,087,431
900,036
600,000
17,778,600
11,412,282
33,000
321,419

3,167,585
5,788,967
25,125
3,707,424
156,581
757,416
139,688
3,223,056
1,692,000
94,356
4,296,248
3,143,455
271,858
150,000
4,444,650
2,853,071
8,250
80,357

34,680,720
4,268,708
533,837
2,935,751
351,031
1,245,116
82,938
5,350,569
5,179,629
61,294
15,141,529
7,038,591
271,858
1,770,413
150,000
23,529,233
6,653,691
27,250
80,357

3,167,585
5,788,967
25,125
3,707,424
156,581
757,416
139,688
3,223,056
1,692,000
94,356
4,296,248
3,143,455
271,858
150,000
4,444,650
2,853,071
8,250
80,357

-

General Obligation Debt Service
1,055,862
1,929,656
8,375
1,235,808
52,194
252,472
46,563
1,074,352
564,000
31,452
1,432,083
1,047,818
90,619
50,000
1,481,550
951,024
2,750
26,786

1,968,573
1,422,903
177,946
656,917
52,010
183,372
27,646
558,523
586,543
20,431
1,528,843
1,071,197
90,619
50,000
1,606,411
994,564
2,417
26,786

11,333,362

11,025,701

Total Debt Service

136,900,375

34,000,086

109,352,515

34,000,086

-

33,243,469

11,131,592

Capital Improvement

1,771,671,923

143,492,902

109,726,355

143,492,902

-

-

-

Non-Departmental Grants

75,839,421

-

-

-

-

-

-

Vacancy Savings

(28,000,000)

-

-

-

-

-

Contingencies

$

411,401,983 $

398,778,893

Cultural Facilities
Downtown Development
Economic Development
Environmental Services
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

176,747,000
$

-

6,749,787,027

$

27

1,578,086,591

$

1,509,029,835

$

1,469,436,133

$

108,650,457

Capital Expenditures and Encumbrances
2023-2024
Program
General Government
Arts and Cultural Facilities
Economic Development
Facilities Management
Finance
Fire Protection
Housing
Human Services
Information Technology
Libraries
Neighborhood Services
Non-Departmental Capital
Parks and Mountain Preserves
Planning & Historic Preservation
Police Protection
Public Art Program
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

2022-2023
Actual Yearto-Date

Actual Yearto-Date

Budget

From Operating Funds
Budget
Actual

2023-2024 Year-to-Date Capital Amounts
From Capital Funds
Budget
Actual

Unencumbered
Budget

$

2,797,246 $
18,088,263
53,901,968
1,030,894
52,713,739
122,276,471
7,762,972
52,359,900
9,228,892
10,588,009
668,406,841
156,600,628
26,563,000
17,759,000
7,634,150
516,206,676
6,001,000
389,887,281

26,159 $
4,762,169
1,703,788
2,612,928
7,663,352
5,630,486
4,160,229
232,814
57,101
20,275,141
5,894,706
24,214,892
6,557,398
1,551,294
11,733,004
23,457,912

10,204,977
2,526,015
731,008
2,975,296
93,947
61,791
85,854
20,572,919
8,751,582
750,128
12,453,597
520,116
9,920,938
24,457,952

$

1,696,965 $
18,088,263
32,875,714
20,044,385
109,111,590
7,162,972
44,222,725
3,933,792
10,588,009
37,000,000
129,877,565
26,563,000
2,588,233
515,949,670
226,228,532

25,255
4,762,169
1,466,611
1,629,829
6,836,088
5,630,486
4,160,229
232,814
57,101
5,714,163
24,214,892
86,546
11,732,929
15,715,134

$

1,100,281 $
21,026,254
1,030,894
32,669,354
13,164,881
600,000
8,137,175
5,295,100
631,406,841
26,723,063
17,759,000
5,045,917
257,006
6,001,000
163,658,749

904
237,177
983,099
827,264
20,275,141
180,543
6,557,398
1,464,748
75
7,742,778

$

2,771,087
13,326,094
52,198,180
1,030,894
50,100,811
114,613,119
2,132,486
48,199,671
8,996,078
10,530,908
648,131,700
150,705,922
2,348,108
11,201,602
6,082,856
504,473,672
6,001,000
366,429,369

$

2,119,806,930 $

120,533,374 $

94,106,120

$

1,185,931,415 $

82,264,247

$

933,875,515 $

38,269,127

$

1,999,273,556

$

$

1,191,994,623
45,697,400
38,134,630
381,045,887
630,908,072
2,287,780,612

$

4,407,587,542

$

$

58,328,766
3,411,184
6,386,399
41,971,213
18,279,803
128,377,364

$

248,910,738

$

$

7,813,650
1,313,054
12,555,316
21,364,512
38,219,049
81,265,582

$

$

175,371,702

$ 1,771,671,923

28

$

232,036,116
8,927,400
14,373,212
134,949,019
195,454,761
585,740,508

$

18,229,581
2,498,858
1,060,598
25,607,137
13,832,482
61,228,655

$ 143,492,902

$

$

$

959,958,507
36,770,000
23,761,418
246,096,868
435,453,311
1,702,040,104

$

2,635,915,619

$

$

40,099,186
912,326
5,325,801
16,364,076
4,447,321
67,148,709

$

$

1,133,665,857
42,286,216
31,748,231
339,074,674
612,628,269
2,159,403,248

$

105,417,837

$

4,158,676,804

Bonds Authorized and Sold
As of SEPTEMBER 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 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

$

29

2,689,750

$

2,537,395

$

152,355