December 2023
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

December 31, 2023
To the Mayor and City Council:
This is the City's Financial Report for December, the sixth 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

April 22, 2024

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) December 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 27, 2022.
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
City Auditor

City of Phoenix
Monthly Financial Report
December 2023
Table of Contents
Page

Performance Status

General Fund Total Expenditures

1

Better than Expected

General Government

1

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

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

Expected

Transportation

5

Better than Expected

Community Development

5

Better than Expected

Community Enrichment

6

Better than Expected

Environmental Services

6

Expected

General Obligation Debt Service

6

Better than Expected

Expenditures by Programs
General Fund Expenditures

Citywide Expenditures

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

Expected

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
December YTD
Expenditures Expenditures *
685,497
1,282,831
697,112
1,371,152
742,916
1,470,251
820,189
1,623,808
962,482
1,955,421

% of Annual
Expenditures
53.4%
50.8%
50.5%
50.5%
49.2%

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

$2,500,000
December 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 December are 17.3% 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

General Government

Annual
% of Annual
December YTD
Expenditures Expenditures * Expenditures
60.8%
74,890
123,100
51.2%
78,917
154,211
53.1%
86,053
161,907
51.5%
98,323
190,945
51.2%
120,120
234,477

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

$250,000
December YTD
Expenditures

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

Annual
Expenditures *

$50,000
$0
19-20

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 December are 22.2% 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
December YTD
Expenditures Expenditures *
17,910
18,114
19,191
20,562
22,273

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

% of Annual
Expenditures
51.1%
50.1%
48.0%
48.5%
49.2%

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

$50,000
December 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 December are 8.3% 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
December YTD
Expenditures Expenditures *
464,072
477,436
501,346
548,704
642,194

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

% of Annual
Expenditures
51.9%
51.6%
50.5%
50.7%
52.5%

$1,500,000
December 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 December are 17.0% 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
December YTD
Expenditures Expenditures *
11,403
13,351
11,789
14,000
12,576

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

% of Annual
Expenditures
57.7%
60.3%
50.9%
56.4%
49.4%

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

$30,000
$25,000

December 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 December are 10.2% 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
December YTD
Expenditures Expenditures *
12,000
12,012
13,114
14,976
18,138

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

% of Annual
Expenditures
53.2%
49.8%
46.5%
46.2%
46.0%

$50,000
December 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

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 December are 21.1%
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
56.8%
51.5%
53.4%
53.8%
51.8%

$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

Annual
December YTD
Expenditures Expenditures *
88,255
81,691
92,643
102,666
118,252

155,417
158,589
173,631
190,780
228,167

December 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 December 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

Annual
December YTD
Expenditures Expenditures *
13,176
11,944
16,407
13,532
18,989

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

% of Annual
Expenditures
68.7%
57.1%
61.9%
47.8%
49.3%

$40,000
December 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 December are 40.3% 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
December YTD
Expenditures Expenditures *
2,017,344
3,814,963
2,063,371
4,163,122
2,363,671
4,488,949
2,496,725
4,737,610
2,740,243
6,601,290

Total Citywide
% of Annual
Expenditures
52.9%
49.6%
52.7%
52.7%
41.5%

* 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
December 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 December are
9.8% 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
December YTD
Expenditures Expenditures *
85,510
157,200
112,729
207,451
93,797
238,925
134,285
246,244
137,886
287,719

% of Annual
Expenditures
54.4%
54.3%
39.3%
54.5%
47.9%

$400,000
December 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 December are 2.7% higher 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
December YTD
Expenditures Expenditures *
22,554
44,425
22,157
44,147
22,749
47,054
23,880
49,422
26,380
54,280

% of Annual
Expenditures
50.8%
50.2%
48.3%
48.3%
48.6%

$80,000
December 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 December are 10.5% 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
51.1%
51.8%
50.9%
51.4%
51.2%

$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
December YTD
Expenditures Expenditures *
567,957
1,110,457
581,532
1,122,901
625,978
1,228,901
696,546
1,354,421
793,006
1,547,732

December YTD
Expenditures

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

Annual
Expenditures *

$400,000
19-20

20-21

21-22

22-23

23-24

Expected
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 December are 13.8% 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
December YTD
Expenditures Expenditures *
515,086
774,492
436,656
786,597
541,896
797,084
521,290
792,941
565,932
914,442

% of Annual
Expenditures
66.5%
55.5%
68.0%
65.7%
61.9%

$1,000,000
December
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 December are 8.6% 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
December YTD
Expenditures Expenditures *
104,753
229,793
136,451
245,310
110,076
227,960
130,647
270,479
162,459
415,984

Community Development
% of Annual
Expenditures
45.6%
55.6%
48.3%
48.3%
39.1%

$500,000
December 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 53.8% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through December are 24.3%
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

Community Enrichment
% of Annual
Expenditures
56.7%
50.6%
55.4%
58.3%
53.9%

$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
December YTD
Expenditures Expenditures *
179,588
316,680
197,867
390,805
233,060
420,501
262,551
450,218
258,081
478,854

December 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 December are
1.7% lower than the same period in the prior fiscal year.

Environmental Services
% of Annual
Expenditures
51.8%
51.6%
54.3%
50.8%
50.9%

$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
December YTD
Expenditures Expenditures *
358,510
692,524
379,411
734,733
408,307
752,386
421,958
830,101
467,734
918,863

Environmental Services
December YTD
Expenditures

$750,000
$500,000

Annual
Expenditures *

$250,000

19-20

20-21

21-22

22-23

23-24

Expected
Environmental Services expenditures include costs for Water, Wastewater and Solid Waste services as well as the care and maintenance of City facilities. Citywide
environmental services 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 December are 10.8% 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
December YTD
Expenditures Expenditures *
65,344
130,839
66,144
131,938
65,710
131,081
142,432
207,854
68,000
136,900

General Obligation Debt Service
% of Annual
Expenditures
49.9%
50.1%
50.1%
68.5%
49.7%

$240,000
December 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 December 2023 are 52.3% 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

$ 2,118,562

$

Discussion:

216,540

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

73,698

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:

45,705

7,983

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

12,074

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:

61,033

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

62,900

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

December 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

December
YTD
Revenues
636,391
753,782
745,159
839,058
967,697

20-21

21-22

22-23

23-24

Annual
% of Annual
Revenues* Revenues
1,307,357
48.7%
1,491,537
50.5%
1,508,526
49.4%
1,695,886
49.5%
1,833,837
52.8%

* 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 December are 15.3% 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
68,001
120,000
80,000

206,935

201,050

192,215

182,043

170,209

107,080

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
175,081
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
30,724
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
107,080
68,001
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

Aug

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

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

YTD thru
December
Dec
51,643
249,245
272,947
39,837
312,707
53,633
333,972
59,276
359,326
62,777
338,516
59,193

Mar

Apr

May

June

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 December are 6.1% 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 December fiscal year 2023-24 Local Sales Tax revenues increased 7.6% 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

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

YTD thru
Dec
December
12,120
89,328
19,640 101,290
23,860 118,164
22,501 125,199
21,627 133,750
22,990 127,717

Mar

Apr

May

June

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 December are 4.7% 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 December fiscal year 2023-24 State Sales Tax revenues increased 6.8% 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

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

Nov

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

Dec

Nov
5,408
4,608
4,862
5,183
6,005
5,549

Jan

Feb

YTD thru
Dec
December
5,891
39,062
6,529
42,462
6,537
40,513
6,555
41,253
6,781
42,775
7,057
45,170

Mar

Apr

May

June

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

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 December are 5.3%
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 December 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

Feb

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

Dec
226,582
236,818
253,979
275,549
338,770
318,233

YTD thru
December
1,153,972
1,296,995
1,345,136
1,430,010
1,660,495
1,667,079

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
Expected
Governmental Funds are those funds supported primarily through taxes, bonds and grants and include the general fund as well as funds with dedicated tax revenue streams. They do
not include the enterprise funds. Governmental 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 December are 0.4% 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 December fiscal year 2023-24 Governmental Funds revenues increased 16.1% 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

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

Nov
33,532
23,880
36,031
66,192
49,349
44,381

Jan

Feb

YTD thru
Dec
December
36,787 198,124
31,636 131,807
35,025 201,942
25,237 216,315
56,177 287,499
35,777 208,009

Mar

Apr

May

June

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 December
are 38.2% 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 December fiscal year 2023-24 Aviation Operating revenues increased 32.9% 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

Oct

Nov

Dec

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

Nov
38,339
42,280
41,784
40,352
49,293
52,726

Jan

Feb

YTD thru
Dec
December
26,405 256,619
33,139 286,536
37,523 266,380
33,550 282,090
37,111 338,834
42,314 353,640

Mar

Apr

May

June

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 December are 4.2% 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 December fiscal year 2023-24 Water System Operating revenues increased 20.1% 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

YTD thru
Dec
December
20,888 127,345
24,461 131,112
24,380 135,341
19,691 127,209
25,262 139,998
24,644 143,591

Mar

Apr

May

June

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
December are 2.5% 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 December fiscal year 2023-24 Wastewater Operating revenues increased 10.1% 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 DECEMBER 31
(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

359,326 $
1,862

333,972
1,545

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

133,750
217,877
42,775
107,080
1,432
1,692

125,199
154,092
41,253
103,720
1,517
1,917

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

4,065
355
8,406
275
4,179
793
8,640

3,772
360
6,115
194
3,280
859
6,386

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

36,405
394
7,931
15,015
15,444

25,238
564
8,751
6,674
13,651

1,833,837

19

$

$

967,697

$

839,060

General Fund Expenditures
As of DECEMBER 31
(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

$

1,268 $
3,067
6,134
44,586
2,627
1,647
16,272
2,068
4,462
17,679
2,563
15,412
2,335
120,120

1,162
2,363
4,164
37,038
1,822
1,227
14,289
1,825
2,952
14,077
2,800
12,317
2,288
98,323

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

38,970
6,295
45,265

19,493
2,780
22,273

18,181
2,382
20,562

Public Safety
Police
Fire
Others
Total Public Safety

741,278
481,278
1,222,556

387,599
254,595
642,194

335,566
213,137
548,704

Transportation
Street Transportation
Public Transit
Total Transportation

25,473
25,473

12,576
12,576

12,110
1,890
14,000

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

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

4,268
9,838
2,810
1,220
18,138

3,472
8,362
1,906
1,237
14,976

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

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

67,367
25,858
18,505
6,523
118,252

56,788
25,523
14,296
6,059
102,666

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

36,023
1,789
715
38,527

17,790
649
550
18,988

12,427
651
454
13,532

Capital Improvement

121,532

9,940

7,426

Vacancy Savings

(28,000)

-

-

Contingencies

101,247

Total Expenditures and Encumbrances $

20

2,028,668

$

-

-

962,482 $

820,189

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 DECEMBER 31
(dollars in thousands)

Source
General Funds
Local Taxes:
Sales Taxes
Privilege License Fees
State Shared Taxes:
State Sales Tax
State Income Tax
Vehicle License Tax
Primary Property Tax
Licenses and Permits
Cable Communications
Municipal Court
Police
Library Fees
Parks and Recreation
Planning & Development
Street Transportation
Fire
Interest
Other Fees and Service Charges

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

$

359,326 $
1,862

333,972
1,545

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

133,750
217,877
42,775
107,080
1,432
1,692
4,419
8,406
275
4,179
793
8,640
44,730
15,015
15,444

125,199
154,092
41,253
103,720
1,517
1,917
4,132
6,115
194
3,280
859
6,386
34,553
6,674
13,651

1,833,837

967,697

839,058

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

25,331
59,991
27,587
4,987
194,553
(2,825)
49,877
4,029
13,718
79,578
35,714
2,976
13,502
114,329
69,452

24,183
62,402
26,568
4,310
181,124
(660)
58,679
3,175
12,837
74,862
18,937
1,564
12,960
44,642
65,368

2,016,044

692,799

590,952

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

287,499
53,849
338,834
139,998
105,225

216,315
51,226
282,090
127,209
101,281

1,755,060

925,404

778,121

5,604,941

21

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

$ 2,585,899 $ 2,208,131

Citywide Operating Expenditures
As of DECEMBER 31
(dollars in thousands)

Source
General Government
General Funds
Other Funds
Total General Government

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

Budget
2023-2024

120,120 $
17,766
137,886

98,323
35,962
134,285

45,265
9,015
54,280

22,273
4,107
26,380

20,562
3,318
23,880

Public Safety
General Funds
Other Funds
Total Public Safety

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

642,194
150,812
793,006

548,704
147,842
696,546

Transportation
General Funds
Other Funds
Total Transportation

25,473
888,969
914,442

12,576
553,356
565,932

14,000
507,290
521,290

Community Development
General Funds
Other Funds
Total Community Development

39,424
376,560
415,984

18,138
144,321
162,459

14,976
115,671
130,647

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

228,167
250,687
478,854

118,252
139,829
258,081

102,666
159,885
262,551

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,527
880,336
918,863

18,989
448,745
467,734

13,532
408,426
421,958

Debt Service
General Funds
Other Funds
Total Debt Service

136,900
136,900

68,000
68,000

142,432
142,432

121,532
1,651,153
1,772,685

9,940
250,825
260,765

7,426
175,546
182,972

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
4,721,369
6,750,037

962,482
1,777,761
2,740,243 $

$

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

$

$

820,189
1,696,372
2,516,561

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
DECEMBER 31
2023
2022

Budget
Estimate
2023-2024

Source

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

General Funds
$

62,777,610
919,160
63,696,770

$

59,276,069
892,151

Local Taxes:
Sales Taxes
Privilege License Fees

$

699,157,051
3,005,450

$

359,326,339
1,862,415

$

333,971,932
1,544,511

60,168,220

Total Local Taxes

702,162,501

361,188,754

335,516,443

21,626,309
36,312,872
6,780,892

22,500,274
25,681,940
6,555,589

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

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

133,749,741
217,877,232
42,775,159

125,198,738
154,091,636
41,253,133

64,720,073

54,737,803

769,938,000

394,402,132

320,543,507

19,082,900

24,928,454

Primary Property Tax

206,935,000

107,079,595

103,719,864

263,400

277,297

Licenses and Permits

3,070,000

1,432,090

1,516,563

-

-

Cable Communications

8,000,000

1,692,488

1,916,887

579,764
47,220

582,994
53,310

Municipal Court:
Fines and Forfeitures
Court Default Fee

7,986,764
777,600

4,064,849
354,620

3,771,929
359,825

626,984

636,304

8,764,364

4,419,469

4,131,754

1,718,794

442,450

Police

14,511,088

8,406,101

6,115,299

Total State Shared Taxes

Total Municipal Court

59,451

18,811

Library Fees

438,376

275,282

194,258

461,403

412,733

Parks and Recreation

6,371,912

4,179,033

3,279,925

222,497

116,780

Planning and Development

1,810,900

792,555

859,279

1,013,921

496,069

Street Transportation

6,946,062

8,639,748

6,386,435

43,746,161
63,554
192,426

4,516,547
62,450
428,566

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

36,405,245
393,608
7,930,969

25,237,565
564,150
8,751,223

44,002,141

5,007,563

71,098,317

44,729,822

34,552,938

2,786,229

1,663,185

Interest

14,539,712

15,015,446

6,674,354

2,082,259

2,173,246

Other Fees and Service Charges

200,736,822

151,078,915

Total Fire

Total General Funds

19,250,440

15,444,235

13,650,605

1,833,836,672

967,696,750

839,058,111

Special Revenue and Debt Service Funds
3,183,189
227,371
1,136,854
64,424

2,922,321
208,737
1,043,686
66,408

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

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

17,460,785
1,247,199
6,235,995
386,877

16,718,692
1,194,192
5,970,961
298,890

4,611,838

4,241,152

Total Neighborhood Protection

53,787,674

25,330,856

24,182,735

9,046,527
2,904,212
68,756

8,297,714
2,661,651
46,064

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

45,817,960
13,598,375
574,215

47,139,890
15,024,152
237,709

12,019,495

11,005,429

136,966,216

59,990,550

62,401,751

5,031,170

6,025,487

56,272,960

27,586,838

26,567,650

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
DECEMBER 31
2023
2022
$

861,395
283,020
18,073
35,338

$

Budget
Estimate
2023-2024

Source

629,052
291,100
9,282
60,007

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
$

3,157,539
1,488,085
96,294
245,374

$

2,581,599
1,444,945
40,078
243,750

1,197,826

989,441

Total Golf Courses

10,130,215

4,987,292

4,310,372

31,183,017
2,551,773

28,587,368
3,781,299

Transit 2000 & 2050:
Sales Taxes
Interest/Other

364,772,821
37,490,765

170,497,064
24,055,578

162,817,141
18,306,950

33,734,790

32,368,667

402,263,586

194,552,642

181,124,091

Court Awards

4,672,692

(2,825,153)

(660,123)

Planning and Development

84,311,300

49,876,886

58,679,154

Capital Construction

6,157,424

4,029,153

3,174,651

Sports Facilities:
Sales Taxes
Interest/Other

28,487,629
3,964,315

11,435,181
2,282,605

11,523,279
1,314,098

(128,393)

-

Total Transit 2000 & 2050

5,829,298

8,085,770

672,043

543,785

2,499,955
289,376

2,216,071
139,988

2,789,331

2,356,059

Total Sports Facilities

32,451,944

13,717,786

12,837,377

15,202,655
579,338
22,317

13,226,846
284,459
2,435

Highway User Revenue:
Highway User Revenue
Interest
Other

157,955,000
500,000
20,000

76,253,535
2,990,533
333,640

73,640,834
1,181,495
39,766

15,804,310

13,513,740

158,475,000

79,577,708

74,862,095

-

-

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,571,461

3,264,660

Regional Transit Revenues

82,428,550

35,714,124

18,937,421

2,211,783

369,765

Community Reinvestment

11,905,291

2,976,288

1,564,170

6,083,469

6,469,034

Other Restricted Fees

51,069,507

13,502,112

12,960,271

316,580
12,018,553
921,112

244,199
7,966,899
2,963,363

Grants:
Public Housing:
Rentals
Grants
Other

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

2,361,222
75,854,474
16,532,595

2,107,729
53,746,270
5,539,749

13,256,245

11,174,461

246,285,926

94,748,291

61,393,748

11,600,372
2,254,109
24,880
3,806,600

4,833,928
1,279,100
11,714
2,744,009

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

25,006,622
(29,113,921)
(2,858,455)
26,546,732

15,376,685
(30,492,581)
(5,956,560)
4,320,608

17,685,961

8,868,751

Total Other

543,927,695

19,580,978

(16,751,848)

30,942,206

20,043,212

Total Grants

790,213,621

114,329,269

44,641,900

11,640,427
22,014

15,013,535
179,427

131,092,075
3,846,046

68,000,834
1,451,260

65,184,610
183,494

11,662,441

15,192,962

Total G.O. Bond/Secondary Property Tax

134,938,121

69,452,094

65,368,104

138,033,068

124,469,163

Total Special Revenue and Debt Service Funds

2,016,044,101

692,798,445

590,951,619

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
DECEMBER 31
2023
2022

Budget
Estimate
2023-2024

Source

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

Enterprise Funds
AVIATION:
$

11,871,387 $
33,517,403
9,627,637
(91,367)
285,047
362,426
605,073

11,284,852
28,785,452
1,259,353
(17,073,546)
306,752
323,456
350,480

56,177,606

25,236,799

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

$

67,236,539
193,606,792
18,020,067
1,501,123
1,820,158
1,984,686
3,329,891

$

53,692,754
173,049,712
3,789,338
(19,165,932)
1,741,825
1,750,834
1,456,486

528,508,178

287,499,256

216,315,017

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

38,197,243
13,036,150
2,615,171

37,799,274
12,683,844
742,582

112,997,776

53,848,564

51,225,700

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

296,538,317
1,361,154
5,247,637
5,119,161
3,485,700
6,445,332
20,636,364

259,633,417
1,394,334
4,634,445
4,469,910
3,500,400
3,009,056
5,448,062

627,172,019

338,833,665

282,089,624

CONVENTION CENTER:
7,206,016
2,708,974
498,829

6,967,226
3,090,290
196,454

10,413,819

10,253,970

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER SYSTEM:

34,091,272
149,774
388,459
487,029
521,340
1,247,155
225,748

30,921,039
191,908
368,870
(276,014)
971,340
719,565
653,065

37,110,777

33,549,773

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

19,666,894
1,864,587
513,840
1,147,750
2,068,574

17,301,282
(42,313)
937,680
646,265
848,082

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

110,824,520
9,445,802
3,356,700
6,249,205
10,121,537

101,104,205
9,139,642
3,304,620
2,828,865
10,832,027

25,261,645

19,690,996

Total Wastewater

289,187,794

139,997,764

127,209,359

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

91,107,843
7,583,306
961,270
5,572,092

88,277,685
6,972,771
495,025
5,535,632

197,194,295

105,224,511

101,281,113

1,755,060,062

925,403,760

778,120,813

SOLID WASTE:

$

15,206,442
965,568
168,902
960,491

14,751,457
1,219,791
118,602
342,325

17,301,403

16,432,175

146,265,250

105,163,713

485,035,140

$

380,711,791

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

$

25

5,604,940,835

$

2,585,898,955

$

2,208,130,543

Citywide Operating Expenditures by Program
For the Month Ended
DECEMBER 31
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
$

188,125 $
422,211
940,401
7,763,684
93,089
328,382
268,936
2,973,257
475,555
963,849
3,723,555
218,414
12,007
513,362
3,812,521
543,969

173,196
416,989
698,550
6,209,092
53,254
238,296
207,150
2,605,208
247,291
556,483
1,404,119
200,084
14,733
408,755
2,994,478
3,043,539

23,241,318

19,471,219

$
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

$

1,267,962
3,066,555
6,515,244
51,302,301
984,786
2,634,755
1,910,972
17,022,199
2,067,759
4,461,707
18,463,902
1,582,057
76,280
2,563,417
22,340,484
1,625,343

$

1,161,804
2,363,012
4,510,061
42,952,102
771,593
1,929,072
1,490,752
15,176,591
1,824,852
2,951,788
32,793,329
1,615,965
71,873
2,799,528
18,316,750
3,555,508

$

1,267,962
3,066,555
6,515,244
45,018,117
984,786
2,634,755
1,910,972
17,022,199
2,067,759
4,461,707
18,142,662
1,582,057
76,280
2,563,417
16,444,628
1,625,343

$

6,284,184
321,240
5,895,855
-

287,719,443

137,885,723

134,284,581

125,384,443

12,501,280

47,984,830
6,295,331

23,599,835
2,780,260

21,498,398
2,381,530

20,442,614
2,780,260

3,157,221
-

54,280,161

26,380,095

23,879,928

23,222,874

3,157,221

980,679,674
567,051,944
-

498,079,470
294,926,305
-

442,973,001
253,572,591
289

497,061,717
293,909,925
-

1,017,753
1,016,380
-

1,547,731,618

793,005,775

696,545,881

790,971,642

2,034,134

Criminal Justice
3,406,084
531,495

3,147,329
431,290

3,937,579

3,578,619

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

76,217,166
45,102,146
-

82,796,347
38,132,558
-

121,319,311

120,928,905

Police
Fire
Other

Total Public Safety
Transportation

9,151,995
1,790,443
31,751,638
3,283,137

8,642,141
964,023
3,464,938
3,535,753

Street Transportation
Street Lighting
Aviation
Public Transit

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

59,249,857
6,669,472
203,927,689
296,085,374

61,325,640
5,452,792
195,281,610
259,229,567

52,606,823
6,669,472
155,387,501
296,085,374

6,643,034
48,540,188
-

45,977,213

16,606,854

Total Transportation

914,441,648

565,932,392

521,289,608

510,749,170

55,183,222

Community Development
7,269,605
13,938,265
6,649,072
2,492,357

7,215,675
9,838,520
2,255,240
2,460,962

Planning and Development
Housing
Economic Development
Neighborhood Services Department

96,447,351
199,791,557
28,666,019
91,078,576

45,529,134
78,852,521
16,824,006
21,253,532

40,806,839
57,628,862
12,839,341
19,372,198

45,529,134
78,566,968
13,898,165
21,253,532

285,553
2,925,842
-

30,349,300

21,770,397

Total Community Development

415,983,503

162,459,194

130,647,241

159,247,799

3,211,395

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

77,667,732
26,482,528
43,534,194
6,379,758
95,064,587
5,229,109
3,723,085

65,631,542
26,413,684
41,154,182
6,563,596
113,862,426
5,382,840
3,543,002

77,349,941
26,482,528
34,792,914
95,002,738
5,229,109
3,723,085

317,791
8,741,280
6,379,758
61,849
-

478,854,006

258,080,991

262,551,271

242,580,314

15,500,678

Community Enrichment
9,710,013
4,841,238
3,958,151
1,063,173
9,991,048
198,099
360,257

9,311,353
2,978,738
4,553,484
1,093,813
23,118,820
372,204
433,395

30,121,979

41,861,807

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
DECEMBER 31
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
$

29,062,625 $
17,093,501
13,709,447
2,464,108
281,999
96,332

37,413,527
14,920,005
16,216,022
2,368,585
514,887
81,467

62,708,012

71,514,493

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

$

239,241,601
112,564,380
89,710,840
23,260,238
2,348,484
608,281

$

213,688,679
99,242,549
86,312,273
19,723,801
2,515,374
475,797

$

163,565,432
72,136,312
85,220,840
17,802,912
2,348,484
608,281

$

75,676,168
40,428,069
4,490,000
5,457,326
-

918,862,929

467,733,824

421,958,473

341,682,261

126,051,563

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

6,335,169
11,577,934
50,250
7,414,847
313,162
1,514,831
279,375
6,446,113
3,384,001
188,712
8,592,495
6,286,910
543,716
12
300,000
8,889,300
5,706,141
16,500
160,715

40,586,440
8,537,416
1,067,675
4,906,502
507,062
1,795,231
165,875
7,026,138
6,939,258
122,588
19,728,058
10,252,182
543,716
1,772,427
300,000
28,348,466
9,637,383
34,500
160,715

6,335,169
11,577,934
50,250
7,414,847
313,162
1,514,831
279,375
6,446,113
3,384,001
188,712
8,592,495
6,286,910
543,716
12
300,000
8,889,300
5,706,141
16,500
160,715

-

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
951,023
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

68,000,184

142,431,632

68,000,184

-

32,045,138

19,836,511

Capital Improvement

1,772,684,755

260,764,573

182,972,441

260,764,573

-

-

-

Non-Departmental Grants

73,831,589

-

-

-

-

-

-

Vacancy Savings

(28,000,000)

-

-

-

-

-

Contingencies

$

361,033,212 $

326,594,505

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
$

-

6,750,037,027

$

27

2,740,242,752

$

2,516,561,055

$

2,522,603,260

$

217,639,491

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
390,042,281

66,802 $
8,231,488
6,303,356
3,626,559
12,339,130
6,724,563
8,692,275
511,473
434,388
42,122,561
18,150,071
26,052,121
8,357,398
1,958,421
24,098,123
48,870,855

10,210,260
6,950,850
1,128,453
5,511,431
5,764
2,307,901
257,122
361,000
41,549,591
15,669,692
1,557,709
12,453,597
889,225
23,210,705
48,063,186

$

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
226,383,532

64,768
8,231,488
5,882,676
776,940
8,724,470
6,724,563
8,622,181
511,473
434,388
13,914,486
26,052,121
411,406
24,045,489
40,976,891

$

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

2,034
420,680
2,849,619
3,614,661
70,094
42,122,561
4,235,584
8,357,398
1,547,015
52,634
7,893,964

$

2,730,444
8,856,775
47,598,612
1,030,894
49,087,180
109,937,341
1,038,409
43,667,625
8,317,419
10,153,621
626,284,280
138,450,557
510,879
9,401,602
5,675,729
492,108,553
6,001,000
341,171,426

$

2,118,561,930 $

216,539,584 $

170,126,486

$

1,184,686,415 $

145,373,340

$

933,875,515 $

71,166,244

$

1,902,022,346

$

$

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

$

4,408,600,374

$

$

73,697,792
7,983,068
12,074,363
61,032,523
62,900,237
217,687,983

$

434,227,567

$

$

22,070,523
137,838,917
11,273,606
53,476,254
43,652,207
268,311,507

$

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

25,563,639
5,888,308
2,003,046
39,753,952
42,182,288
$ 115,391,233

$

438,437,993

$ 1,772,684,755

$ 260,764,573

28

$

$

$

$

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

$

2,635,915,619

$

$

48,134,154
2,094,760
10,071,317
21,278,571
20,717,949
102,296,750

$

$

1,120,546,831
37,722,164
26,060,267
320,013,364
568,007,835
2,072,350,461

$

173,462,994

$

3,974,372,807

Bonds Authorized and Sold
As of DECEMBER 31
(dollars in thousands)
Authorized

Sold

Available

1988 Authorizations
General Obligation Bonds
Freeway Mitigation, Neighborhood Stabilization,
and Slum and Blight Elimination
Bonds Fully Issued

$

Total General Obligation Bonds
Revenue Bonds
Bonds Fully Issued
Total 1988 Authorizations

29,285
884,175

$

28,285
884,175

$

1,000
-

913,460

912,460

1,000

143,890

143,890

-

1,057,350

1,056,350

1,000

66,300
125,300
24,800
61,500
12,000
33,000
91,500
74,000
77,000
78,800
66,000
43,700

64,600
124,685
24,170
60,700
11,205
32,100
89,275
71,645
72,575
77,685
65,950
43,700

1,700
615
630
800
795
900
2,225
2,355
4,425
1,115
50
-

753,900

738,290

15,610

81,000
11,100
198,700
12,800
104,622
74,705
29,178
115,500
107,295
78,200
65,400

63,385
8,510
190,610
8,345
85,510
61,200
21,100
102,290
81,900
58,135
61,770

17,615
2,590
8,090
4,455
19,112
13,505
8,078
13,210
25,395
20,065
3,630

878,500

742,755

135,745

2001 Authorization
General Obligation Bonds
Education, Youth and Family Cultural Facilities
Computer Technology
Environmental Cleanup
Fire Protection
Historic Preservation
Library Facilities
Street Improvements
Neighborhood Protection and Senior Centers
Parks, Open Space, and Recreational Facilities
Police Protection
Storm Sewer and Flood Protection
Bonds Fully Issued
Total 2001 Authorizations
2006 Authorization
General Obligation Bonds
Affordable Housing and Neighborhood Revitalization
Computer Technology
Education and Health Science Facilities
Environmental Cleanup
Family, Senior, and Youth Cultural Facilities
Fire Protection
Library Facilities and Improvements
Parks, Open Space, and Recreational Facilities
Police Protection
Street Improvements
Storm Sewer and Flood Protection
Total 2006 Authorizations
Total Bond Program

$

29

2,689,750

$

2,537,395

$

152,355