November 2023
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

November 30, 2023
To the Mayor and City Council:
This is the City's Financial Report for November, the fifth 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

February 5, 2024

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) November 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’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 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
November 2023
Table of Contents
Expenditures by Programs

Page

Performance Status

General Fund Expenditures
General Fund Total Expenditures

1

Better than Expected

General Government

1

Better than Expected

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 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

Citywide Expenditures

Transportation

5

Better than Expected

Community Development

5

Better than Expected

Community Enrichment

6

Better than Expected

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

Better than 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

Total General Fund

Annual
November YTD
Expenditures Expenditures *
577,295
1,282,831
570,279
1,371,152
617,214
1,470,251
688,027
1,623,808
815,934
1,955,421

% of Annual
Expenditures
45.0%
41.6%
42.0%
42.4%
41.7%

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

$2,500,000
November YTD
Expenditures

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

Annual
Expenditures *

$500,000
$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. 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 November are 18.6% 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

General Government

Annual
% of Annual
November YTD
Expenditures Expenditures * Expenditures
Fiscal Year
19-20
53.0%
65,262
123,100
20-21
41.4%
63,801
154,211
21-22
46.3%
74,961
161,907
22-23
44.2%
84,385
190,945
23-24
42.6%
99,854
234,477
* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$250,000
November YTD
Expenditures

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

Annual
Expenditures *

$50,000
$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. 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 November are 18.3% 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

Annual
November YTD
Expenditures Expenditures *
14,948
15,095
16,259
17,281
19,008

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

% of Annual
Expenditures
42.7%
41.7%
40.6%
40.8%
42.0%

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

$50,000
November 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 November are 10.0% 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

Annual
November YTD
Expenditures Expenditures *
384,248
390,569
409,014
452,591
541,884

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

% of Annual
Expenditures
43.0%
42.2%
41.2%
41.8%
44.3%

$1,500,000
November 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 November are 19.7% 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

Annual
November YTD
Expenditures Expenditures *
9,729
8,640
10,097
12,033
10,421

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

% of Annual
Expenditures
49.3%
39.0%
43.6%
48.5%
40.9%

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

$30,000
$25,000

November 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 November are 13.4% 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

Community Development

Annual
November YTD
Expenditures Expenditures *
10,087
9,956
11,138
13,023
15,573

22,542
24,114
28,225
32,420
39,424

% of Annual
Expenditures
44.7%
41.3%
39.5%
40.2%
39.5%

$50,000
November 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 November are 19.6%
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
% of Annual
Expenditures
50.4%
44.7%
45.1%
46.9%
45.0%

$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

Annual
November YTD
Expenditures Expenditures *
78,392
155,417
70,922
158,589
78,290
173,631
89,425
190,780
102,658
228,167

November 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 19.6% higher than the fiscal year 2022-23 actuals. Fiscal year 2023-24 actual general fund community enrichment expenditures through November are
14.8% 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

Annual
November YTD
Expenditures Expenditures *
11,511
19,180
8,162
20,905
13,416
26,508
12,043
28,329
17,348
38,527

Environmental Services
% of Annual
Expenditures
60.0%
39.0%
50.6%
42.5%
45.0%

$40,000
November 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 November are 44.1% 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

Annual
November YTD
Expenditures Expenditures *
1,713,887
3,814,963
1,693,614
4,163,122
2,030,164
4,488,949
2,189,967
4,737,610
2,379,210
6,601,290

Total Citywide
% of Annual
Expenditures
44.9%
40.7%
45.2%
46.2%
36.0%

* 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
November 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 November are
8.6% higher than the same period in the prior fiscal year.

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

General Government

Annual
November YTD
Expenditures Expenditures *
72,526
157,200
95,595
207,451
80,041
238,925
114,813
246,244
114,644
287,719

% of Annual
Expenditures
46.1%
46.1%
33.5%
46.6%
39.8%

$400,000
November 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 November are 0.1% lower than the same period in the prior fiscal year.

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

Criminal Justice

Annual
November YTD
Expenditures Expenditures *
18,917
44,425
18,631
44,147
19,170
47,054
20,301
49,422
22,443
54,280

% of Annual
Expenditures
42.6%
42.2%
40.7%
41.1%
41.3%

$80,000
November 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 November are 10.6% 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

Public Safety
% of Annual
Expenditures
42.1%
42.4%
41.6%
42.5%
43.4%

$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
November YTD
Expenditures Expenditures *
468,014
1,110,457
476,226
1,122,901
511,477
1,228,901
575,617
1,354,421
671,686
1,547,732

November 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 November are 16.7% higher than the same period in the prior fiscal year.

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

Transportation

Annual
November YTD
Expenditures Expenditures *
472,103
774,492
394,525
786,597
499,601
797,084
504,683
792,941
519,955
914,442

% of Annual
Expenditures
61.0%
50.2%
62.7%
63.6%
56.9%

$1,000,000
November
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 November are 3.0% higher 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

Annual
November YTD
Expenditures Expenditures *
86,634
229,793
102,567
245,310
92,181
227,960
108,877
270,479
132,110
416,139

Community Development
% of Annual
Expenditures
37.7%
41.8%
40.4%
40.3%
31.7%

$500,000
November 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 53.9% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through November are 21.3%
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
% of Annual
Expenditures
49.2%
43.6%
43.7%
49.0%
47.6%

$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
November YTD
Expenditures Expenditures *
155,703
316,680
170,427
390,805
183,585
420,501
220,689
450,218
227,959
478,854

Community Enrichment
November YTD
Expenditures

$450,000
$300,000

Annual
Expenditures *

$150,000

19-20

20-21

21-22

22-23

23-24

Better than Expected
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 6.4% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through November are
3.3% higher than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
43.3%
42.0%
45.7%
42.2%
44.1%

$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
November YTD
Expenditures Expenditures *
299,773
692,524
308,609
734,733
344,196
752,386
350,444
830,101
405,026
918,863

November 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 November are 15.6% 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

Annual
November YTD
Expenditures Expenditures *
54,429
130,839
55,179
131,938
54,758
131,081
131,406
207,854
56,667
136,900

General Obligation Debt Service
% of Annual
Expenditures
41.6%
41.8%
41.8%
63.2%
41.4%

$240,000
November 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 November 2023 are 56.9% 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

20-21

21-22

22-23

23-24 (Budget)

23-24 (YTD)

$ 684,798

$ 525,852

$ 494,744

$ 2,118,407

$

19-20

General Government $ 500,745

Discussion:

190,147

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

$ 1,194,245

$

19-20

Aviation $ 254,523

71,905

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

20-21

21-22

22-23

$ 31,640

$ 84,751

$ 112,717

19-20

Phoenix Convention Center $ 52,148

23-24 (Budget)

23-24 (YTD)

$

$

Discussion:

45,705

6,463

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

11,712

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:

58,372

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

47,463

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

November 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

November
YTD
Revenues
521,391
635,240
612,425
687,979
766,960

20-21

21-22

22-23

23-24

Annual
% of Annual
Revenues* Revenues
1,307,357
39.9%
1,491,537
42.6%
1,508,526
40.6%
1,695,886
40.6%
1,833,837
41.8%

* 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 November are 11.5% 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

56,360
170,209

206,935

201,050

192,215

182,043

87,997

40,000
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
144,357
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
28,607
27,197

Nov
106,458
89,520
101,285
98,119
115,096
104,287

22-23

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

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

23-24 YTD

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
87,997
56,360
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
Better than Expected
Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart for property tax revenues
is presented with an annual perspective.
Total property tax revenues are budgeted to increase 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

Sept
56,465
33,935
41,516
46,739
61,764
51,740

Nov

Oct
31,089
45,467
50,734
81,273
77,291
60,402

Dec

Nov
40,325
52,188
60,971
35,837
51,239
54,829

Jan

Feb

Mar

Apr

May

June

YTD thru
November
197,602
233,110
259,074
274,696
296,549
279,323

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 November are 6.2% 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 November fiscal year 2023-24 Local Sales Tax revenues increased 8.0% 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

Sept
11,479
13,123
16,285
22,937
21,440
18,783

Nov

Oct
14,226
18,038
18,259
18,918
17,613
20,436

Dec

Nov
16,443
13,095
15,097
17,357
24,288
18,244

Jan

Feb

Mar

Apr

May

June

YTD thru
November
77,208
81,650
94,304
102,698
112,123
104,727

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 November are 7.1% 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 November fiscal year 2023-24 State Sales Tax revenues increased 9.2% 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

Sept
5,207
6,207
6,363
6,274
6,936
6,653

Oct
6,146
7,328
6,970
6,676
6,283
7,502

Dec

Jan

YTD thru
Nov
November
5,408
33,171
4,608
35,933
4,862
33,976
5,183
34,698
6,005
35,994
5,549
38,113

Feb

Mar

Apr

May

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 November are 5.6%
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 November fiscal year 2023-24 Vehicle License Tax revenues increased 3.7% 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

Jan

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

Sept
194,506
260,275
185,901
211,185
274,616
272,566

Oct
175,883
215,731
231,638
288,507
297,125
291,960

Nov
269,127
298,362
324,875
300,162
356,376
381,199

YTD thru
November
927,390
1,060,177
1,091,157
1,154,461
1,321,725
1,348,846

Feb

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

Mar

Apr

May

June

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

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 November are 2.0% 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 November fiscal year 2023-24 Governmental Funds revenues increased 14.5% 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

Sept
32,953
27,193
28,302
34,042
42,615
34,054

Nov

Oct
32,056
21,045
31,904
41,419
49,373
35,148

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
Nov
November
33,532 161,337
23,880 100,171
36,031 166,917
66,192 191,078
49,349 231,322
44,381 172,232

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 November
are 34.3% 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 November fiscal year 2023-24 Aviation Operating revenues increased 21.1% 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

Oct

Nov

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

Sept
47,319
52,454
47,181
53,259
59,303
64,861

Oct
40,300
47,335
39,257
44,825
53,644
55,629

Dec

Jan

YTD thru
Nov
November
38,339 230,214
42,280 253,397
41,784 228,857
40,352 248,540
49,293 301,723
52,726 311,326

Feb

Mar

Apr

May

June

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 November are 3.1% 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 November fiscal year 2023-24 Water System Operating revenues increased 21.4% 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

Sept
21,373
21,844
26,947
19,029
26,911
24,582

Nov

Oct
20,975
22,234
18,312
22,401
22,957
23,129

Dec

Nov
21,142
18,577
21,720
25,044
24,163
23,835

Jan

Feb

Mar

Apr

May

June

YTD thru
November
106,457
106,651
110,961
107,518
114,736
118,947

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
November are 3.5% 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 November fiscal year 2023-24 Wastewater Operating revenues increased 6.7% 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 NOVEMBER 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

296,549 $
943

274,696
652

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

112,123
181,564
35,994
87,997
1,169
1,692

102,698
128,410
34,698
78,791
1,239
1,917

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

3,485
307
6,687
216
3,718
570
7,626

3,189
307
5,673
175
2,867
742
5,890

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

(7,341)
330
7,739
12,229
13,362

20,721
502
8,323
5,011
11,477

1,833,837

19

$

$

766,960

$

687,979

General Fund Expenditures
As of NOVEMBER 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

$

1,080 $
2,644
5,215
37,928
2,300
1,424
13,346
1,592
3,498
14,009
2,050
12,732
2,036
99,854

989
1,946
3,514
31,798
1,595
1,066
11,780
1,578
2,395
12,721
2,391
10,571
2,041
84,385

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

38,970
6,295
45,265

16,759
2,249
19,008

15,331
1,950
17,281

Public Safety
Police
Fire
Others
Total Public Safety

741,278
481,278
1,222,556

327,228
214,656
541,884

271,297
181,294
452,591

Transportation
Street Transportation
Public Transit
Total Transportation

25,473
25,473

10,421
10,421

10,143
1,890
12,033

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

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

3,685
8,381
2,326
1,182
15,573

3,643
7,107
1,619
654
13,023

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

128,060
49,928
40,944
9,235
228,167

59,125
21,109
16,245
6,180
102,658

49,005
22,606
12,269
5,544
89,425

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

36,023
1,789
715
38,527

16,240
656
453
17,348

11,188
482
373
12,043

Capital Improvement

121,532

9,186

7,247

Vacancy Savings

(28,000)

-

-

Contingencies
Total Expenditures and Encumbrances

101,247
$

20

2,028,668

$

-

-

815,934 $

688,027

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 NOVEMBER 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

$

296,549 $
943

274,696
652

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

112,123
181,564
35,994
87,997
1,169
1,692
3,792
6,687
216
3,718
570
7,626
728
12,229
13,362

102,698
128,410
34,698
78,791
1,239
1,917
3,495
5,673
175
2,867
742
5,890
29,545
5,011
11,477

1,833,837

766,960

687,979

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

20,719
47,971
22,556
3,789
160,818
(2,697)
44,048
3,357
10,928
63,774
30,143
765
7,419
83,387
57,790

19,942
51,396
20,542
3,321
148,755
(660)
50,593
2,631
10,481
61,348
15,673
1,194
6,491
24,599
50,175

2,016,044

554,766

466,482

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

231,322
43,435
301,723
114,736
87,923

191,078
40,972
248,540
107,518
84,849

1,755,060

779,139

672,957

5,604,941

21

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

$

$ 2,100,864 $ 1,827,419

Citywide Operating Expenditures
As of NOVEMBER 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

99,854 $
14,790
114,644

84,385
30,428
114,813

45,265
9,015
54,280

19,008
3,435
22,443

17,281
3,020
20,301

Public Safety
General Funds
Other Funds
Total Public Safety

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

541,884
129,802
671,686

452,591
123,026
575,617

Transportation
General Funds
Other Funds
Total Transportation

25,473
888,969
914,442

10,421
509,534
519,955

12,033
492,650
504,683

Community Development
General Funds
Other Funds
Total Community Development

39,424
376,715
416,139

15,573
116,537
132,110

13,023
95,854
108,877

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

228,167
250,687
478,854

102,658
125,301
227,959

89,425
131,264
220,689

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,527
880,336
918,863

17,348
387,678
405,026

12,043
338,401
350,444

Debt Service
General Funds
Other Funds
Total Debt Service

136,900
136,900

56,667
56,667

131,406
131,406

121,532
1,650,998
1,772,530

9,186
219,533
228,719

7,247
155,889
163,136

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

73,832
73,832

-

-

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
4,721,370
6,750,037

815,932
1,563,277
2,379,210 $

$

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

$

$

688,028
1,501,938
2,189,967

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
NOVEMBER 30
2023
2022

Budget
Estimate
2023-2024

Source

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

General Funds
$

35,836,677
240,120

Local Taxes:
Sales Taxes
Privilege License Fees

51,654,821

36,076,797

Total Local Taxes

702,162,501

297,491,984

275,348,223

24,288,074
36,312,872
6,004,843

17,357,253
25,681,939
5,182,382

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

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

112,123,432
181,564,360
35,994,267

102,698,464
128,409,696
34,697,544

66,605,789

48,221,574

769,938,000

329,682,059

265,805,704

70,136,692

59,895,823

Primary Property Tax

206,935,000

87,996,695

78,791,410

51,238,312
416,509

$

$

Total State Shared Taxes

699,157,051
3,005,450

$

296,548,729
943,255

$

274,695,863
652,360

287,548

358,823

Licenses and Permits

3,070,000

1,168,690

1,239,266

1,828,345

2,039,702

Cable Communications

8,000,000

1,692,488

1,916,887

625,452
51,923

576,446
51,829

Municipal Court:
Fines and Forfeitures
Court Default Fee

7,986,764
777,600

3,485,085
307,400

3,188,935
306,515

677,375

628,275

8,764,364

3,792,485

3,495,450

1,689,854

2,759,105

14,511,088

6,687,307

5,672,849

16,275

13,997

Library Fees

438,376

215,831

175,447

1,123,274

506,635

Parks and Recreation

6,371,912

3,717,630

2,867,192

109,510

122,489

Planning and Development

1,810,900

570,058

742,499

521,827

765,698

Street Transportation

6,946,062

7,625,827

5,890,366

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

(7,340,916)
330,054
7,738,543

20,721,018
501,700
8,322,657

71,098,317

727,681

29,545,375

Total Municipal Court
Police

(33,124,536)
74,904
325,974

4,576,879
78,775
1,200,047

(32,723,658)

5,855,701

2,633,779

1,441,095

Interest

14,539,712

12,229,217

5,011,169

7,013,451

6,396,800

Other Fees and Service Charges

19,250,440

13,361,976

11,477,359

171,574,882

165,082,514

1,833,836,672

766,959,928

687,979,196

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
2,754,732
196,767
983,833
61,574

2,354,286
168,163
840,816
77,166

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

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

14,277,596
1,019,828
5,099,141
322,453

13,796,371
985,455
4,927,275
232,482

3,996,906

3,440,431

Total Neighborhood Protection

53,787,674

20,719,018

19,941,583

8,451,241
2,894,763
75,057

5,521,679
1,431,392
41,506

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

36,771,433
10,694,163
505,459

38,842,176
12,362,501
191,645

11,421,061

6,994,577

136,966,216

47,971,055

51,396,322

4,382,136

3,584,822

56,272,960

22,555,668

20,542,163

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
NOVEMBER 30
2023
2022
$

765,186
308,561
16,094
62,006

$

Budget
Estimate
2023-2024

Source

698,864
308,779
7,814
32,593

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
$

2,296,144
1,205,065
78,221
210,036

$

1,952,547
1,153,845
30,796
183,743

1,151,847

1,048,050

Total Golf Courses

10,130,215

3,789,466

3,320,931

26,890,306
4,694,093

22,980,993
2,348,083

Transit 2000 & 2050:
Sales Taxes
Interest/Other

364,772,821
37,490,765

139,314,047
21,503,805

134,229,773
14,525,651

31,584,399

25,329,076

402,263,586

160,817,852

148,755,424

Court Awards

4,672,692

(2,696,760)

(660,123)

Planning and Development

84,311,300

44,047,588

50,593,384

Capital Construction

6,157,424

3,357,110

2,630,866

Sports Facilities:
Sales Taxes
Interest/Other

28,487,629
3,964,315

8,935,226
1,993,229

9,307,208
1,174,110

432,922

-

Total Transit 2000 & 2050

8,722,148

5,233,419

605,561

457,121

2,090,502
943,356

2,272,112
846,582

3,033,858

3,118,694

Total Sports Facilities

32,451,944

10,928,455

10,481,318

11,280,391
531,232
192,218

11,668,222
243,957
3,984

Highway User Revenue:
Highway User Revenue
Interest
Other

157,955,000
500,000
20,000

61,050,880
2,411,195
311,323

60,413,988
897,036
37,331

12,003,841

11,916,163

158,475,000

63,773,398

61,348,355

-

-

Total Highway User Revenue
Local Transportation Assistance

-

-

-

7,622,366

3,263,866

Regional Transit Revenues

82,428,550

30,142,663

15,672,761

(204,785)

189,986

Community Reinvestment

11,905,291

764,505

1,194,405

6,085,842

10,316,934

Other Restricted Fees

51,069,507

7,418,642

6,491,237

422,327
10,481,224
2,133,506

340,548
6,724,390
2,920,846

Grants:
Public Housing:
Rentals
Grants
Other

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

2,044,642
63,835,921
15,611,483

1,863,530
45,779,371
2,576,386

13,037,057

9,985,784

246,285,926

81,492,046

50,219,287

3,875,678
5,317,830
1,105,665
24,238,850

5,810,500
2,871,170
57,610
3,237,096

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

13,406,250
(31,368,030)
(2,883,335)
22,740,132

10,542,757
(31,771,681)
(5,968,274)
1,576,599

34,538,023

11,976,376

Total Other

543,927,695

1,895,017

(25,620,599)

47,575,080

21,962,160

Total Grants

790,213,621

83,387,063

24,598,688

44,959,149
1,429,116

38,224,113
-

131,092,075
3,846,046

56,360,407
1,429,246

50,171,075
4,067

46,388,265

38,224,113

Total G.O. Bond/Secondary Property Tax

134,938,121

57,789,653

50,175,142

184,801,447

135,079,412

Total Special Revenue and Debt Service Funds

2,016,044,101

554,765,376

466,482,456

Total Public Housing
Other:
Human Resources
Federal Transit Administration
Community Development
Other

G.O. Bond/Secondary Property Tax
Secondary Property Tax
Interest

24

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

Budget
Estimate
2023-2024

Source

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

Enterprise Funds
AVIATION:
$

11,281,729 $
34,431,736
1,841,236
487,794
411,175
332,264
563,048

8,566,189
31,460,121
799,559
24,470,115
304,437
296,374
295,453

49,348,982

66,192,248

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

$

55,365,152
160,089,389
8,392,430
1,592,490
1,535,111
1,622,260
2,724,818

$

42,407,902
144,264,260
2,529,985
(2,092,386)
1,435,073
1,427,378
1,106,006

528,508,178

231,321,650

191,078,218

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

30,991,227
10,327,176
2,116,342

30,832,048
9,593,554
546,128

112,997,776

43,434,745

40,971,730

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

262,447,045
1,211,380
4,859,178
4,632,132
2,964,360
5,198,177
20,410,616

228,712,378
1,202,426
4,265,575
4,745,924
2,529,060
2,289,491
4,794,997

627,172,019

301,722,888

248,539,851

CONVENTION CENTER:
6,280,519
1,965,579
471,069

5,719,569
2,613,145
153,923

8,717,167

8,486,637

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER SYSTEM:

46,739,546
192,095
495,554
1,017,648
775,620
1,111,514
(1,039,238)

37,034,734
201,680
397,666
1,510,766
445,980
620,984
140,027

49,292,739

40,351,837

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

18,988,377
1,909,312
731,940
1,053,626
1,479,915

17,437,510
3,521,725
417,840
581,382
3,085,475

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

91,157,626
7,581,215
2,842,860
5,101,455
8,052,963

83,802,923
9,181,955
2,366,940
2,182,600
9,983,945

24,163,170

25,043,932

Total Wastewater

289,187,794

114,736,119

107,518,363

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

75,901,401
6,617,738
792,368
4,611,601

73,526,228
5,752,980
376,423
5,193,307

197,194,295

87,923,108

84,848,938

1,755,060,062

779,138,510

672,957,100

SOLID WASTE:

$

15,193,182
1,244,676
156,352
823,936

14,728,477
801,265
100,386
886,753

17,418,146

16,516,881

148,940,204

156,591,535

505,316,533

$

456,753,461

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

$

25

5,604,940,835

$

2,100,863,814

$

1,827,418,752

Citywide Operating Expenditures by Program
For the Month Ended
NOVEMBER 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
$

198,571 $
468,324
1,059,939
7,928,068
106,379
331,701
280,011
2,771,512
292,933
704,981
2,012,533
264,430
14,109
430,161
4,591,316
1,637,506

208,479
355,857
839,894
7,058,177
77,856
582,664
246,213
2,647,075
660,695
485,971
2,234,828
414,712
11,355
455,651
4,271,538
446,502

23,092,473

20,997,469

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

$

1,079,837
2,644,343
5,574,843
43,538,617
891,697
2,306,373
1,642,036
14,048,941
1,592,204
3,497,857
14,740,347
1,363,643
64,273
2,050,055
18,527,962
1,081,374

$

988,609
1,946,022
3,811,511
36,743,010
718,338
1,690,775
1,283,603
12,571,383
1,577,561
2,395,305
31,389,210
1,415,881
57,140
2,390,773
15,322,272
511,969

$

1,079,837
2,644,343
5,574,843
38,301,509
891,697
2,306,373
1,642,036
14,048,941
1,592,204
3,497,857
14,472,647
1,363,643
64,273
2,050,055
13,614,254
1,081,374

$

5,237,109
267,700
4,913,709
-

287,719,443

114,644,404

114,813,362

104,225,887

10,418,518

47,984,830
6,295,331

20,193,751
2,248,765

18,351,069
1,950,240

17,562,554
2,248,765

2,631,197
-

54,280,161

22,442,516

20,301,309

19,811,319

2,631,197

980,679,674
567,051,944
-

421,862,305
249,824,160
-

360,176,655
215,440,032
289

421,013,817
248,977,176
-

848,488
846,984
-

1,547,731,618

671,686,464

575,616,976

669,990,993

1,695,471

Criminal Justice
3,691,179
523,315

3,431,697
421,035

4,214,495

3,852,732

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

74,461,111
41,216,049
-

63,448,424
39,830,127
-

115,677,160

103,278,550

Police
Fire
Other
Total Public Safety
Transportation

9,965,377
842,685
34,790,409
57,584,297

7,504,211
420,816
54,953,887
3,083,086

Street Transportation
Street Lighting
Aviation
Public Transit

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

50,097,861
4,879,029
172,176,051
292,802,238

52,683,500
4,488,769
191,816,672
255,693,814

46,055,099
4,879,029
130,951,531
292,802,238

4,042,762
41,224,520
-

103,182,767

65,961,999

Total Transportation

914,441,648

519,955,179

504,682,755

474,687,897

45,267,282

Community Development
7,936,945
13,929,191
1,708,257
3,000,674

6,395,485
9,619,345
2,480,757
6,834,286

Planning and Development
Housing
Economic Development
Neighborhood Services Department

96,602,351
199,791,557
28,666,019
91,078,576

38,259,529
64,914,256
10,174,934
18,761,174

33,591,165
47,790,342
10,584,102
16,911,236

38,259,529
64,676,295
7,736,613
18,761,174

237,961
2,438,321
-

26,575,068

25,329,873

Total Community Development

416,138,503

132,109,894

108,876,844

129,433,612

2,676,282

150,922,077
52,713,101
76,642,732
12,759,875
172,977,937
6,219,799
6,618,485

67,957,719
21,641,289
39,576,043
5,316,585
85,073,539
5,031,010
3,362,827

56,320,190
23,434,946
36,600,698
5,469,783
90,743,605
5,010,635
3,109,607

67,692,893
21,641,289
32,291,063
85,021,998
5,031,010
3,362,827

264,826
7,284,980
5,316,585
51,541
-

478,854,006

227,959,012

220,689,464

215,041,080

12,917,932

Community Enrichment
10,328,311
3,356,185
4,352,304
1,063,173
1,600,086
670,875
439,721

8,538,491
3,551,980
3,604,987
1,093,813
25,481,262
613,568
451,289

21,810,654

43,335,390

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
NOVEMBER 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
$

44,700,232 $
16,427,683
12,434,728
4,702,744
371,663
48,170

34,669,832
14,092,492
11,857,619
3,515,160
430,164
73,884

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

78,685,220

64,639,151

Total Environmental Services

$

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

$

210,178,976
95,470,880
76,001,393
20,796,130
2,066,485
511,949

$

176,275,152
84,322,545
70,096,251
17,355,216
2,000,487
394,330

$

146,354,469
60,899,765
72,259,726
16,248,130
2,066,485
511,949

$

63,824,506
34,571,115
3,741,667
4,548,000
-

918,862,929

405,025,812

350,443,981

298,340,525

106,685,288

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

5,279,308
9,648,278
41,875
6,179,039
260,969
1,262,359
232,813
5,371,761
2,820,001
157,260
7,160,413
5,239,092
453,096
12
250,000
7,407,750
4,755,118
13,750
133,929

38,617,867
7,114,514
889,729
4,249,585
455,052
1,611,859
138,229
6,467,615
6,352,715
102,156
18,199,215
9,180,985
453,096
1,772,427
250,000
26,742,055
8,642,819
32,083
133,929

5,279,308
9,648,278
41,875
6,179,039
260,969
1,262,359
232,813
5,371,761
2,820,001
157,260
7,160,413
5,239,092
453,096
12
250,000
7,407,750
4,755,118
13,750
133,929

-

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
12
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
15
50,000
1,606,411
994,564
2,417
26,786

11,333,374

11,025,715

Total Debt Service

136,900,375

56,666,822

131,405,931

56,666,822

-

45,681,066

33,042,414

Capital Improvement

1,772,529,755

228,719,435

163,135,930

228,719,435

-

-

-

Non-Departmental Grants

73,831,589

-

-

-

-

-

-

Vacancy Savings

(28,000,000)

-

-

-

-

-

-

Contingencies

176,747,000

-

-

-

-

430,252,277 $

371,463,293

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

$

6,750,037,027

$

27

2,379,209,539

$

2,189,966,551

$

2,196,917,570

$

182,291,969

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 $
17,088,263
53,901,968
1,030,894
52,713,739
122,276,471
7,762,972
52,359,900
8,828,892
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

53,714 $
6,919,262
5,041,952
2,939,862
11,992,873
6,258,427
7,333,724
274,585
70,278
34,218,683
16,228,509
24,315,411
8,357,398
2,194,359
23,123,792
40,823,723

10,209,439
5,821,552
883,392
4,134,205
690
2,251,387
256,124
344,246
33,960,324
14,771,459
750,128
12,453,597
835,202
20,673,674
37,582,741

$

1,696,965 $
17,088,263
32,875,714
20,044,385
109,111,590
7,162,972
44,222,725
3,533,792
10,588,009
37,000,000
129,877,565
26,563,000
2,588,233
515,949,670
226,228,532

52,358
6,919,262
4,648,663
1,801,733
8,580,842
6,258,427
7,333,724
274,585
70,278
11,993,412
24,315,411
673,708
23,071,033
33,191,123

$

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

1,356
393,289
1,138,129
3,412,031
34,218,683
4,235,097
8,357,398
1,520,651
52,759
7,632,600

$

2,743,532
10,169,001
48,860,016
1,030,894
49,773,877
110,283,598
1,504,545
45,026,176
8,554,307
10,517,731
634,188,158
140,372,119
2,247,589
9,401,602
5,439,791
493,082,884
6,001,000
349,063,558

$

2,118,406,930 $

190,146,552 $

144,928,160

$

1,184,531,415 $

129,184,560

$

933,875,515 $

60,961,992

$

1,928,260,378

$

$

1,194,244,623
45,705,232
38,134,630
381,045,887
630,908,072
2,290,038,444

$

4,408,445,374

$

$

71,904,909
6,462,598
11,712,148
58,371,806
47,463,339
195,914,800

$

386,061,352

$

$

20,264,746
137,360,296
11,261,113
46,796,886
39,711,545
255,394,586

$

$

400,322,746

$ 1,772,529,755

28

$

234,286,116
8,935,232
14,373,212
134,949,019
195,454,761
587,998,340

$

24,132,436
4,815,797
1,862,308
38,521,341
30,202,993
99,534,875

$ 228,719,435

$

$

$

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

$

2,635,915,619

$

$

47,772,473
1,646,801
9,849,841
19,850,465
17,260,346
96,379,925

$

$

1,122,339,714
39,242,635
26,422,482
322,674,081
583,444,733
2,094,123,644

$

157,341,918

$

4,022,384,022

Bonds Authorized and Sold
As of NOVEMBER 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