January 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

January 31, 2024
To the Mayor and City Council:
This is the City's Financial Report for January, the seventh 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

May 6, 2024

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) January 2024 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
City Auditor

City of Phoenix
Monthly Financial Report
January 2024
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

Monitor and Consider Taking Action

Expenditures by Programs
General Fund Expenditures

Community Enrichment

3

Expected

Environmental Services

3

Better than Expected

Citywide Expenditures
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

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Page

Performance Status

General Fund Total Operating Revenue

10

Better than Expected

Property Tax

11

Expected

Local Sales Tax

12

Better than Expected

Revenues by Source

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Monitor and Consider Taking Action

Governmental Funds

15

Expected

Aviation

16

Better than Expected

Water System

17

Monitor and Consider Taking Action

Wastewater

18

Expected

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

January YTD
Expenditures
803,429
807,024
845,002
942,130
1,102,905

Total General Fund

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

% of Annual
Expenditures
62.6%
58.9%
57.5%
58.0%
56.4%

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

$2,500,000
January 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 January are 17.1% higher than the same period in fiscal year 2022-23. The increase is due to higher personal services (i.e., salaries, benefits, etc.), vehicle
purchases, and insurance premiums in fiscal year 2023-24.
General fund expenditures increased 10.4% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 7.2% from 2021-22 over 2020-21 and an increase of 6.9%
from 2020-21 over 2019-20 fiscal results.

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

General Government

January YTD
Expenditures
82,137
88,113
94,798
109,713
134,818

Annual
% of Annual
Expenditures * Expenditures
66.7%
123,100
57.1%
154,211
58.6%
161,907
57.5%
190,945
57.5%
234,477

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

$250,000
January 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 January are 22.9% 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

January YTD
Expenditures

Annual
Expenditures *

20,914
20,819
21,919
23,693
25,729

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

% of Annual
Expenditures
59.7%
57.6%
54.8%
55.9%
56.8%

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

$50,000
January 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 January are 8.6% 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
January YTD
Expenditures

Annual
Expenditures *

540,890
548,165
574,249
634,818
735,957

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

% of Annual
Expenditures
60.5%
59.2%
57.9%
58.6%
60.2%

$1,500,000
January 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 January are 15.9% higher than the same period in fiscal year 2022-23.
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

January YTD
Expenditures

Annual
Expenditures *

13,050
14,984
11,692
15,988
14,619

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

% of Annual
Expenditures
66.1%
67.7%
50.5%
64.4%
57.4%

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

$30,000
$25,000

January 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 January are 8.6% lower than the same period in fiscal year 2022-23
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

January YTD
Expenditures

Annual
Expenditures *

13,989
24,441
15,237
17,627
22,141

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

% of Annual
Expenditures
62.1%
101.4%
54.0%
54.4%
56.2%

$50,000
January 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

Monitor and Consider Taking Action

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 January are 25.6% 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
70.7%
57.8%
59.6%
59.7%
60.1%

$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

January YTD
Expenditures

Annual
Expenditures *

109,833
91,616
103,499
113,839
137,084

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

January YTD
Expenditures

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

Annual
Expenditures *

$50,000
19-20

20-21

21-22

22-23

23-24

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 January are
20.4% 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

January YTD
Expenditures

Annual
Expenditures *

15,469
14,724
18,122
15,770
21,146

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

% of Annual
Expenditures
80.7%
70.4%
68.4%
55.7%
54.9%

$40,000
January 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

Better than Expected

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 January are 34.1% 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

January YTD
Expenditures
2,374,095
2,368,844
2,657,700
2,846,352
3,153,269

Total Citywide
Annual
Expenditures *
3,814,963
4,163,122
4,488,949
4,737,610
6,601,290

% of Annual
Expenditures
62.2%
56.9%
59.2%
60.1%
47.8%

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

$8,000,000
January 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 January are
10.8% 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

January YTD
Expenditures
94,503
124,691
103,630
146,735
155,816

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

% of Annual
Expenditures
60.1%
60.1%
43.4%
59.6%
54.2%

$400,000
January 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 January are 6.2% 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

January YTD
Expenditures
26,282
25,607
26,025
27,589
30,512

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

% of Annual
Expenditures
59.2%
58.0%
55.3%
55.8%
56.2%

$80,000
January 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 January 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
60.0%
59.5%
58.2%
59.2%
58.8%

$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

January YTD
Expenditures
666,703
667,778
715,062
802,352
909,537

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

January 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 January are 13.4% higher than the same period in the prior fiscal year.

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

Transportation

January YTD
Expenditures
561,011
477,057
586,820
568,575
614,675

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

% of Annual
Expenditures
72.4%
60.6%
73.6%
71.7%
67.2%

$1,000,000
January 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 January are 8.1% 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

January YTD
Expenditures
124,284
160,361
127,962
151,624
190,208

Community Development
Annual
Expenditures *
229,793
245,310
227,960
270,479
415,984

% of Annual
Expenditures
54.1%
65.4%
56.1%
56.1%
45.7%

$500,000
January 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 January are 25.4%
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
67.5%
56.6%
62.3%
65.4%
62.3%

$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

January YTD
Expenditures
213,865
221,173
262,109
294,307
298,183

Annual
Expenditures *
316,680
390,805
420,501
450,218
478,854

January 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 January are 1.3%
higher than the same period in the prior fiscal year.

Environmental Services
% of Annual
Expenditures
58.8%
59.0%
61.7%
59.2%
58.9%

$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

January YTD
Expenditures
407,400
433,301
464,074
491,252
541,613

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

January 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 January are 10.3% 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

January YTD
Expenditures
76,260
77,110
76,661
153,335
79,334

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

General Obligation Debt Service
% of Annual
Expenditures
58.3%
58.4%
58.5%
73.8%
58.0%

$240,000
January 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 January 2024 are 48.3% 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

$ 2,118,397

$

Discussion:

273,670

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

81,834

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

11,965

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

12,253

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:

66,375

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)

$

$

631,073

123,385

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

January 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

January
YTD
Revenues
741,812
863,490
885,713
983,281
1,121,617

20-21

21-22

22-23

23-24

Annual
% of Annual
Revenues* Revenues
1,307,357
56.7%
1,491,537
57.9%
1,508,526
58.7%
1,695,886
58.0%
1,833,837
61.2%

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

Year to Date Performance Status
Better than Expected
Fiscal year 2023-24 general fund operating revenues are budgeted to increase 8.1% over prior year actuals. Actual revenues
through January are 14.1% 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
160,000

Primary

74,392

120,000
80,000

206,935

201,050

192,215

182,043

170,209

117,507
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
191,899
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
16,818
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
117,507
74,392
206,935
131,092

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

Year to Date Performance Status
Expected
Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart for property tax revenues is
presented with an annual perspective.

Total property tax revenues are budgeted to increase 3.3% in fiscal year 2023-24 over fiscal year 2022-23 actuals.

11

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

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

19-20 Actuals
20-21 Actuals

50,000

21-22 Actuals

40,000

22-23 Actuals
23-24 Actuals

30,000

23-24 Budget

20,000
10,000
July

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

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

Jan

Feb

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

Dec
51,643
39,837
53,633
59,276
62,777
59,193

Jan
39,512
42,051
70,197
70,667
62,496
64,417

Mar

YTD thru
January
288,757
314,998
382,904
404,639
421,822
402,933

Apr

May

June

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 January 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 January fiscal year 2023-24 Local Sales Tax revenues increased 4.2% 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

Aug

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

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

Jan

Feb

Mar

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

Dec
12,120
19,640
23,860
22,501
21,627
22,990

Jan
17,440
19,033
22,364
20,469
20,707
23,339

YTD thru
January
106,768
120,323
140,528
145,668
154,457
151,056

Apr

May

June

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 January are 2.3% 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 January fiscal year 2023-24 State Sales Tax revenues increased 6.0% 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

Dec

Jan

Feb

Mar

Apr

May

June

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

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

Dec
5,891
6,529
6,537
6,555
6,781
7,057

Jan
6,514
7,328
7,285
6,684
6,760
7,693

YTD thru
January
45,576
49,790
47,798
47,937
49,535
52,863

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 January are 6.3%
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 January fiscal year 2023-24 Vehicle License Tax revenues increased 3.3% 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
21-22 Actuals

400,000

22-23 Actuals
23-24 Actuals

300,000

23-24 Budget

200,000

100,000

July

Fiscal Year
July
19-20
100,481
20-21
68,761
21-22
123,174
22-23
79,979
23-24
154,502
23-24 Budget 114,645

Aug

Sept

Oct

Nov

Dec

Jan

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

Jan
209,806
216,626
267,406
263,160
304,747
306,678

Feb

Mar

YTD thru
January
1,363,778
1,513,621
1,612,542
1,693,170
1,965,242
1,973,757

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 January 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 January 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

Jan

Feb

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

Dec
36,787
31,636
35,025
25,237
56,177
35,777

Jan
34,297
18,059
57,391
46,228
47,603
43,364

Mar

YTD thru
January
232,421
149,866
259,333
262,543
335,102
251,373

Apr

May

June

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 January are
33.3% 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 January fiscal year 2023-24 Aviation Operating revenues increased 27.6% 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

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

Dec
26,405
33,139
37,523
33,550
37,111
42,314

Jan
25,330
28,579
28,902
28,416
34,650
36,033

YTD thru
January
281,949
315,115
295,282
310,506
373,484
389,673

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 January 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 January fiscal year 2023-24 Water System Operating revenues increased 20.3% 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

Jan

Feb

Mar

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

Dec
20,888
24,461
24,380
19,691
25,262
24,644

Jan
22,063
18,430
22,218
26,128
27,645
24,484

YTD thru
January
149,408
149,542
157,559
153,337
167,643
168,075

Apr

May

June

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
Expected
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
January are 0.3% 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 January fiscal year 2023-24 Wastewater Operating revenues increased 9.3% 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 JANUARY 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

421,822 $
2,782

404,639
2,325

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

154,457
254,190
49,535
117,507
1,695
1,692

145,668
179,774
47,937
113,839
1,685
1,917

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

4,789
424
9,865
296
4,751
1,066
9,584

4,435
417
6,775
296
3,767
1,036
6,625

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

41,367
487
11,146
17,929
16,231

27,936
658
10,170
8,488
14,894

1,833,837

19

$

$

1,121,617

$

983,281

General Fund Expenditures
As of JANUARY 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

$

1,474 $
3,505
7,171
49,333
2,929
1,872
18,361
2,308
5,886
19,310
2,961
16,988
2,719
134,818

1,340
2,728
4,877
40,766
2,074
1,411
16,055
2,040
3,498
15,408
3,148
13,857
2,511
109,713

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

38,970
6,295
45,265

22,374
3,355
25,729

20,839
2,855
23,693

Public Safety
Police
Fire
Others
Total Public Safety

741,278
481,278
1,222,556

446,597
289,360
735,957

389,649
245,169
634,818

Transportation
Street Transportation
Public Transit
Total Transportation

25,473
25,473

14,619
14,619

14,098
1,890
15,988

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

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

5,710
11,517
3,277
1,638
22,141

4,420
9,688
2,198
1,322
17,627

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

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

76,455
29,398
24,320
6,911
137,084

64,279
28,178
14,903
6,479
113,839

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

36,023
1,789
715
38,527

19,792
710
644
21,146

14,563
677
530
15,770

Capital Improvement

121,532

11,412

10,682

Vacancy Savings

(28,000)

-

-

Contingencies
Total Expenditures and Encumbrances $

20

101,247

-

-

2,028,668

$ 1,102,905 $

942,130

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 JANUARY 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

$

421,822 $
2,782

404,639
2,325

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

154,457
254,190
49,535
117,507
1,695
1,692
5,213
9,865
296
4,751
1,066
9,584
53,000
17,929
16,231

145,668
179,774
47,937
113,839
1,685
1,917
4,852
6,775
296
3,767
1,036
6,625
38,764
8,488
14,894

1,833,837

1,121,617

983,281

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

29,943
72,002
32,629
6,349
231,578
(2,523)
56,382
4,702
16,513
92,657
41,304
3,224
30,571
152,451
75,844

29,539
75,020
32,167
5,378
220,619
(500)
65,132
3,826
15,606
88,306
22,200
3,083
14,702
63,284
71,528

2,016,044

843,625

709,889

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

335,102
65,410
373,484
167,643
122,628

262,543
61,821
310,506
153,337
118,329

1,755,060

1,064,267

906,535

5,604,941

21

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

$ 3,029,509 $ 2,599,705

Citywide Operating Expenditures
As of JANUARY 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

134,818 $
20,998
155,816

109,713
37,022
146,735

45,265
9,015
54,280

25,729
4,783
30,512

23,693
3,896
27,589

Public Safety
General Funds
Other Funds
Total Public Safety

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

735,957
173,580
909,537

634,818
167,534
802,352

Transportation
General Funds
Other Funds
Total Transportation

25,473
888,969
914,442

14,619
600,056
614,675

15,988
552,587
568,575

Community Development
General Funds
Other Funds
Total Community Development

39,424
376,560
415,984

22,141
168,067
190,208

17,627
133,997
151,624

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

228,167
250,687
478,854

137,084
161,099
298,183

113,839
180,468
294,307

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,527
880,336
918,863

21,146
520,467
541,613

15,770
475,482
491,252

Debt Service
General Funds
Other Funds
Total Debt Service

136,900
136,900

79,334
79,334

153,335
153,335

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

11,412
321,979
333,391

10,682
199,900
210,582

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

1,102,906
2,050,363
3,153,269 $

$

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

$

$

942,130
1,904,221
2,846,352

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
JANUARY 31
2024
2023

Budget
Estimate
2023-2024

Source

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

General Funds
$

62,495,440
919,576
63,415,016

$

70,666,688
780,458

Local Taxes:
Sales Taxes
Privilege License Fees

$

699,157,051
3,005,450

$

421,821,779
2,781,991

$

404,638,620
2,324,969

71,447,146

Total Local Taxes

702,162,501

424,603,770

406,963,589

20,707,067
36,312,872
6,759,436

20,469,634
25,681,939
6,683,450

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

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

154,456,808
254,190,104
49,534,595

145,668,372
179,773,575
47,936,583

63,779,375

52,835,023

769,938,000

458,181,507

373,378,530

10,427,459

10,118,714

Primary Property Tax

206,935,000

117,507,054

113,838,578

263,399

168,604

Licenses and Permits

3,070,000

1,695,489

1,685,167

-

-

Cable Communications

8,000,000

1,692,488

1,916,887

724,094
69,466

662,578
57,512

Municipal Court:
Fines and Forfeitures
Court Default Fee

7,986,764
777,600

4,788,943
424,086

4,434,507
417,337

8,764,364

5,213,029

4,851,844

14,511,088

9,865,099

6,775,272

Total State Shared Taxes

793,560

720,090

1,458,998

659,973

Police

Total Municipal Court

21,063

101,986

Library Fees

438,376

296,345

296,244

572,295

486,932

Parks and Recreation

6,371,912

4,751,328

3,766,857

273,884

176,519

Planning and Development

1,810,900

1,066,439

1,035,798

943,785

238,738

Street Transportation

6,946,062

9,583,533

6,625,173

4,962,249
93,280
3,214,714

2,698,471
93,875
1,419,087

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

41,367,494
486,888
11,145,683

27,936,036
658,025
10,170,310

8,270,243

4,211,433

71,098,317

53,000,065

38,764,371

2,913,783

1,814,014

Interest

14,539,712

17,929,229

8,488,368

787,150

1,243,380

Other Fees and Service Charges

153,920,010

144,222,552

Total Fire

Total General Funds

19,250,440

16,231,385

14,893,985

1,833,836,672

1,121,616,760

983,280,663

Special Revenue and Debt Service Funds
3,183,860
227,419
1,137,093
63,350

3,713,591
265,257
1,326,283
51,464

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

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

20,644,645
1,474,618
7,373,088
450,227

20,432,283
1,459,449
7,297,244
350,354

4,611,722

5,356,595

Total Neighborhood Protection

53,787,674

29,942,578

29,539,330

9,048,060
2,904,595
58,677

9,704,789
2,867,697
46,193

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

54,866,020
16,502,970
632,892

56,844,679
17,891,849
283,902

12,011,332

12,618,679

136,966,216

72,001,882

75,020,430

5,041,707

5,599,296

56,272,960

32,628,545

32,166,946

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
JANUARY 31
2024
2023
$

914,455
372,898
19,596
54,985

$

Budget
Estimate
2023-2024

Source

716,028
294,297
9,809
47,248

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
$

4,071,994
1,860,983
115,890
300,359

$

3,297,627
1,739,242
49,887
290,998

1,361,934

1,067,382

Total Golf Courses

10,130,215

6,349,226

5,377,754

31,186,849
5,838,248

36,113,802
3,380,997

Transit 2000 & 2050:
Sales Taxes
Interest/Other

364,772,821
37,490,765

201,683,913
29,893,826

198,930,943
21,687,947

37,025,097

39,494,799

402,263,586

231,577,739

220,618,890

301,760

159,850

Court Awards

4,672,692

(2,523,393)

(500,273)

6,504,844

6,452,742

Planning and Development

84,311,300

56,381,730

65,131,896

673,133

651,008

Capital Construction

6,157,424

4,702,286

3,825,659

2,499,954
295,426

2,613,045
155,886

Sports Facilities:
Sales Taxes
Interest/Other

28,487,629
3,964,315

13,935,135
2,578,031

14,136,324
1,469,984

2,795,380

2,768,931

Total Sports Facilities

32,451,944

16,513,166

15,606,308

12,473,734
592,361
12,952

13,121,269
311,224
11,194

Highway User Revenue:
Highway User Revenue
Interest
Other

157,955,000
500,000
20,000

88,727,269
3,582,894
346,592

86,762,103
1,492,719
50,960

13,079,047

13,443,687

158,475,000

92,656,755

88,305,782

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,590,181

3,262,225

Regional Transit Revenues

82,428,550

41,304,305

22,199,646

247,943

1,518,958

Community Reinvestment

11,905,291

3,224,231

3,083,128

17,068,999

1,741,292

Other Restricted Fees

51,069,507

30,571,111

14,701,563

471,028
13,341,019
682,409

472,011
8,295,861
472,746

Grants:
Public Housing:
Rentals
Grants
Other

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

2,832,250
89,195,493
17,215,004

2,579,740
62,042,131
6,012,495

14,494,456

9,240,618

246,285,926

109,242,747

70,634,366

4,774,137
5,501,641
8,484,382
4,867,217

5,080,561
132,282
13,598
4,174,700

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

29,780,759
(23,612,280)
5,625,927
31,413,949

20,457,246
(30,360,299)
(5,942,962)
8,495,308

23,627,377

9,401,141

Total Other

543,927,695

43,208,355

(7,350,707)

38,121,833

18,641,759

Total Grants

790,213,621

152,451,102

63,283,659

6,391,439
-

6,160,244
-

131,092,075
3,846,046

74,392,273
1,451,260

71,344,854
183,494

6,391,439

6,160,244

134,938,121

75,843,533

71,528,348

150,826,351

118,937,447

2,016,044,101

843,624,796

709,889,066

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

G.O. Bond/Secondary Property Tax
Secondary Property Tax
Interest
Total G.O. Bond/Secondary Property Tax
Total Special Revenue and Debt Service Funds

24

Citywide Operating Revenue by Source
For the Month Ended
JANUARY 31
2024
2023

Budget
Estimate
2023-2024

Source

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

Enterprise Funds
AVIATION:
$

11,717,984 $
32,229,758
2,001,265
429,269
266,170
348,611
609,521

9,143,165
34,779,136
946,583
392,355
276,955
312,113
377,489

47,602,578

46,227,796

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

$

78,954,523
225,836,550
20,021,332
1,930,392
2,086,328
2,333,297
3,939,412

$

62,835,919
207,828,848
4,735,921
(18,773,577)
2,018,780
2,062,947
1,833,975

528,508,178

335,101,834

262,542,813

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

45,408,052
16,886,942
3,115,277

46,328,232
14,539,428
952,979

112,997,776

65,410,271

61,820,639

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

327,560,706
1,563,211
5,803,693
5,606,190
3,977,156
7,647,350
21,325,919

283,879,609
1,626,923
5,062,197
5,589,468
4,491,900
3,764,726
6,090,894

627,172,019

373,484,225

310,505,717

CONVENTION CENTER:
7,210,809
3,850,792
500,106

8,528,958
1,855,584
210,397

11,561,707

10,594,939

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER SYSTEM:

31,022,389
202,057
556,056
487,029
491,456
1,202,018
689,555

24,246,192
232,589
427,752
1,119,558
991,500
755,670
642,832

34,650,560

28,416,093

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

19,272,933
1,937,949
462,600
1,151,502
4,819,998

17,347,503
1,698,573
948,360
706,313
5,426,823

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

130,097,453
11,383,751
3,819,300
7,400,707
14,941,535

118,451,708
10,838,215
4,252,980
3,535,178
16,258,850

27,644,982

26,127,572

Total Wastewater

289,187,794

167,642,746

153,336,931

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

106,642,495
8,738,556
1,124,253
6,122,355

103,368,603
7,869,693
619,126
6,471,414

197,194,295

122,627,659

118,328,836

1,755,060,062

1,064,266,735

906,534,936

SOLID WASTE:

$

15,534,652
1,155,250
162,983
550,263

15,090,918
896,922
124,101
935,782

17,403,148

17,047,723

138,862,975

128,414,123

443,609,336

$

391,574,122

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

$

25

5,604,940,835

$

3,029,508,291

$

2,599,704,665

Citywide Operating Expenditures by Program
For the Month Ended
JANUARY 31
2024
2023

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
$

206,047 $
438,634
1,169,346
5,869,510
188,322
302,895
274,028
2,208,463
240,627
1,424,785
2,068,983
277,849
(29,158)
397,764
2,746,831
145,264

177,707
365,048
762,798
4,709,364
79,834
263,226
217,426
1,913,665
214,927
545,879
1,379,825
224,369
(33,882)
348,099
2,615,570
(1,333,442)

17,930,191

12,450,413

$
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

$

1,474,009
3,505,189
7,684,590
57,171,811
1,173,108
2,937,650
2,184,999
19,230,662
2,308,386
5,886,492
20,532,885
1,859,906
47,122
2,961,181
25,087,315
1,770,608

$

1,339,511
2,728,060
5,272,859
47,661,467
851,427
2,192,298
1,708,178
17,090,256
2,039,779
3,497,667
34,173,154
1,840,334
37,992
3,147,627
20,932,319
2,222,066

$

1,474,009
3,505,189
7,684,590
49,840,551
1,173,108
2,937,650
2,184,999
19,230,662
2,308,386
5,886,492
20,158,105
1,859,906
47,122
2,961,181
18,209,313
1,770,608

$

7,331,260
374,780
6,878,002
-

287,719,443

155,815,914

146,734,994

141,231,872

14,584,042

47,984,830
6,295,331

27,157,104
3,354,966

24,734,478
2,854,614

23,473,860
3,354,966

3,683,244
-

54,280,161

30,512,070

27,589,093

26,828,826

3,683,244

980,679,674
567,051,944
-

573,648,388
335,888,254
-

511,640,850
290,710,778
-

572,461,369
334,702,477
-

1,187,019
1,185,777
-

1,547,731,618

909,536,642

802,351,627

907,163,846

2,372,796

Criminal Justice
3,557,269
574,706

3,236,080
473,084

4,131,975

3,709,165

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

75,568,918
40,961,949
-

68,667,849
37,138,187
(289)

116,530,866

105,805,747

Police
Fire
Other

Total Public Safety
Transportation

10,094,463
815,978
33,660,927
4,171,531

8,828,635
785,627
33,175,759
4,494,925

Street Transportation
Street Lighting
Aviation
Public Transit

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

69,344,320
7,485,451
237,588,616
300,256,905

70,154,276
6,238,418
228,457,369
263,724,492

62,306,384
7,485,451
180,861,770
300,256,905

7,037,936
56,726,845
-

48,742,899

47,284,946

Total Transportation

914,441,648

614,675,292

568,574,555

550,910,510

63,764,781

Community Development
7,486,653
13,449,226
2,594,349
4,218,642

6,376,705
11,377,038
1,062,762
2,160,492

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

53,015,787
92,301,747
19,418,355
25,472,174

47,183,544
69,005,900
13,902,104
21,532,690

53,015,787
91,968,602
16,004,994
25,472,174

333,145
3,413,362
-

27,748,870

20,976,997

Total Community Development

415,983,503

190,208,063

151,624,238

186,461,556

3,746,507

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

88,311,576
30,138,609
48,636,072
7,442,931
114,019,296
5,329,994
4,304,098

74,994,961
29,139,569
46,649,472
7,657,408
126,455,757
5,464,428
3,945,686

87,940,820
30,138,609
38,438,492
113,947,139
5,329,994
4,304,098

370,756
10,197,580
7,442,931
72,158
-

478,854,006

298,182,576

294,307,281

280,099,152

18,083,424

Community Enrichment
10,643,845
3,656,081
5,101,878
1,063,173
18,954,709
100,885
581,014

9,363,418
2,725,885
5,495,290
1,093,813
12,593,332
81,588
402,684

40,101,584

31,756,010

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
JANUARY 31
2024
2023

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
$

35,506,308 $
19,606,668
15,916,648
2,914,937
(217,547)
152,595

33,722,538
17,743,636
14,202,459
3,204,830
330,845
89,199

73,879,608

69,293,506

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

$

274,747,908
132,171,048
105,627,488
26,175,175
2,130,937
760,876

$

247,411,217
116,986,185
100,514,732
22,928,631
2,846,219
564,996

$

184,868,967
83,845,554
100,389,155
19,808,523
2,130,937
760,876

$

89,878,941
48,325,494
5,238,333
6,366,652
-

918,862,929

541,613,432

491,251,980

391,804,011

149,809,421

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

7,391,031
13,507,590
58,625
8,650,655
365,356
1,767,303
325,938
7,520,465
3,948,001
220,165
10,024,578
7,334,729
634,335
12
350,000
10,370,850
6,657,164
19,250
187,500

42,539,364
9,957,982
1,243,987
5,545,165
559,073
1,978,241
193,521
7,569,136
7,524,093
143,019
21,230,713
11,305,287
634,335
1,772,427
350,000
29,937,768
10,626,805
36,917
187,500

7,391,031
13,507,590
58,625
8,650,655
365,356
1,767,303
325,938
7,520,465
3,948,001
220,165
10,024,578
7,334,729
634,335
12
350,000
10,370,850
6,657,164
19,250
187,500

-

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

1,952,923
1,420,565
176,313
638,663
52,010
183,009
27,646
542,998
584,835
20,431
1,502,655
1,053,105
90,619
50,000
1,589,303
989,422
2,417
26,786

11,333,362

10,903,701

Total Debt Service

136,900,375

79,333,546

153,335,332

79,333,546

-

72,626,753

27,609,981

Capital Improvement

1,772,684,755

333,391,326

210,582,421

333,391,326

-

-

-

Non-Departmental Grants

73,831,589

-

-

-

-

-

-

Vacancy Savings

(28,000,000)

-

-

-

-

-

Contingencies

$

413,026,109 $

329,790,465

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

3,153,268,861

$

2,846,351,520

$

2,897,224,646

$

256,044,215

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
54,051,968
1,030,894
52,713,739
130,465,447
7,762,972
52,194,863
8,828,892
2,399,033
668,256,841
156,600,628
26,563,000
17,759,000
7,634,150
516,206,676
6,001,000
390,042,281

234,609 $
8,248,942
7,498,601
4,036,583
14,687,633
7,838,633
8,976,980
506,804
440,410
55,095,087
31,773,860
26,054,461
8,357,398
3,194,087
43,349,022
53,377,029

11,670,942
10,668,234
1,289,818
6,480,517
2,832,787
2,345,014
284,209
382,525
48,210,215
19,282,324
1,789,861
12,453,597
1,007,211
25,334,174
53,195,943

$

1,696,965 $
17,088,263
33,025,714
20,044,385
117,300,566
7,162,972
44,057,688
3,533,792
2,399,033
36,850,000
129,877,565
26,563,000
2,588,233
515,949,670
226,383,532

232,099
8,248,942
7,031,245
887,923
10,998,808
7,838,633
8,906,887
506,804
440,410
30,033,215
26,054,461
620,582
43,296,387
44,970,842

$

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

2,510
467,356
3,148,660
3,688,824
70,094
55,095,087
1,740,645
8,357,398
2,573,505
52,634
8,406,187

$

2,562,637
8,839,321
46,553,367
1,030,894
48,677,156
115,777,814
(75,661)
43,217,883
8,322,088
1,958,623
613,161,754
124,826,768
508,539
9,401,602
4,440,063
472,857,654
6,001,000
336,665,252

$

2,118,396,893 $

273,670,139 $

197,227,373

$

1,184,521,378 $

190,067,239

$

933,875,515 $

83,602,900

$

1,844,726,754

$

$

1,194,244,623
45,705,232
38,134,630
381,045,887
631,073,109
2,290,203,481

$

4,408,600,374

$

$

81,833,819
11,964,719
12,252,614
66,374,863
123,385,219
295,811,233

$

569,481,372

$

$

25,387,164
138,964,936
15,099,561
56,005,105
49,207,009
284,663,775

$

234,286,116
8,935,232
14,373,212
134,949,019
195,619,798
588,163,377

35,336,031
6,112,902
2,153,437
43,141,054
56,580,664
$ 143,324,087

$

481,891,148

$ 1,772,684,755

$ 333,391,326

28

$

$

$

$

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

$

2,635,915,619

$

$

46,497,788
5,851,817
10,099,177
23,233,809
66,804,555
152,487,146

$

$

1,112,410,804
33,740,513
25,882,016
314,671,024
507,687,890
1,994,392,248

$

236,090,046

$

3,839,119,002

Bonds Authorized and Sold
As of JANUARY 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