March 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

March 31, 2024
To the Mayor and City Council:
This is the City's Financial Report for March, the nineth 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 24, 2024

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) March 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
March 2024
Table of Contents
Expenditures by Programs

Page

Performance Status

General Fund Expenditures
General Fund Total Expenditures

1

Better than Expected

General Government

1

Better than Expected

Criminal Justice

1

Better than Expected

Public Safety

2

Better than Expected

Transportation

2

Better than Expected

Community Development

2

Better than Expected

Community Enrichment

3

Better than 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

Better than Expected

Public Safety

5

Better than Expected

Transportation

5

Better than Expected

Community Development

5

Better than Expected
Better than Expected

Community Enrichment

6

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

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

Expected

Wastewater

18

Better than 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

March YTD
Expenditures
975,399
1,013,795
1,058,924
1,209,699
1,348,721

Total General Fund

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

% of Annual
Expenditures
76.0%
73.9%
72.0%
74.5%
69.0%

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

$2,500,000
March 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 March are 11.5% 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

March YTD
Expenditures
103,440
115,104
116,794
137,891
160,246

General Government
Annual
% of Annual
Expenditures * Expenditures
84.0%
123,100
74.6%
154,211
72.1%
161,907
72.2%
190,945
68.3%
234,477

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

$250,000
March YTD
Expenditures

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

Annual
Expenditures *

$50,000
$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

General government expenditures include costs for administrative and internal service functions such as the Mayor and City Council, City Manager’s Office, City Auditor, Finance,
Budget and Research, and Human Resources. Fiscal year 2023-24 budgeted general fund expenditures are 22.8% higher than the fiscal year 2022-23 actuals. Fiscal year 2023-24
actual general fund expenditures through March are 16.2% 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

March YTD
Expenditures

Annual
Expenditures *

26,103
26,376
30,149
30,484
32,252

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

% of Annual
Expenditures
74.5%
72.9%
75.4%
72.0%
71.3%

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

$50,000
March YTD
Expenditures

$40,000
$30,000

Annual
Expenditures *

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

Better than Expected

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 March are 5.8% 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
March YTD
Expenditures

Annual
Expenditures *

667,266
687,120
717,615
824,521
907,643

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

% of Annual
Expenditures
74.7%
74.2%
72.3%
76.2%
74.2%

$1,500,000
March 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

Better than Expected

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 March are 10.1% 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

March YTD
Expenditures

Annual
Expenditures *

16,198
18,090
17,379
19,666
18,602

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

% of Annual
Expenditures
82.0%
81.7%
75.0%
79.2%
73.0%

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

$30,000
$25,000
March 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 March are 5.4% 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

March YTD
Expenditures
17,479
18,109
21,233
22,450
26,858

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

% of Annual
Expenditures
77.5%
75.1%
75.2%
69.2%
68.1%

$50,000
March YTD
Expenditures

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

Annual
Expenditures *

$10,000

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

$0
19-20

Better than Expected

20-21

21-22

22-23

23-24

Community Development expenditures include costs for economic development and neighborhood services. The fiscal year 2023-24 budgeted general fund community development
expenditures are 21.6% higher than the fiscal year 2022-23 actuals. Fiscal year 2023-24 actual general fund community development expenditures through March are 19.6% higher
than the same period in fiscal year 2022-23.
General fund community development expenditures increased 14.9% in fiscal year 2022-23 over fiscal year 2021-22. This followed an increase of 17.0% from 2021-22 over 2020-21
and an increase of 7.0% from 2020-21 over 2019-20 fiscal results.

2

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

Community Enrichment
% of Annual
Expenditures
77.5%
71.0%
73.0%
73.2%
72.0%

$250,000

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

$0

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

March YTD
Expenditures
120,436
112,581
126,802
139,590
164,304

Annual
Expenditures *
155,417
158,589
173,631
190,780
228,167

March 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 March are 17.7%
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 202324.
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

March YTD
Expenditures
16,185
16,950
19,784
19,220
24,964

Environmental Services
Annual
Expenditures *
19,180
20,905
26,508
28,329
38,527

% of Annual
Expenditures
84.4%
81.1%
74.6%
67.8%
64.8%

$40,000
March 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 March are 29.9% 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

March YTD
Expenditures
3,089,643
3,061,389
3,326,700
3,556,752
3,911,854

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

% of Annual
Expenditures
81.0%
73.5%
74.1%
75.1%
59.3%

* 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
March 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 March are
10.0% higher than the same period in the prior fiscal year.

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

March YTD
Expenditures
120,362
161,461
129,458
183,437
189,583

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

% of Annual
Expenditures
76.6%
77.8%
54.2%
74.5%
65.9%

$400,000
March 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 March are 3.4% 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

March YTD
Expenditures
33,075
32,450
35,363
35,650
38,425

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

% of Annual
Expenditures
74.5%
73.5%
75.2%
72.1%
70.8%

$80,000
March 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

Better than 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 March are 7.8% 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
74.7%
74.6%
73.0%
76.3%
72.9%

$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

March YTD
Expenditures
829,834
837,131
897,314
1,033,231
1,128,010

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

March YTD
Expenditures

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

Annual
Expenditures *

$400,000
19-20

20-21

21-22

22-23

23-24

Better than 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 March are 9.2% higher than the same period in the prior fiscal year.

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

Transportation

March YTD
Expenditures
669,884
569,194
670,236
660,890
714,986

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

% of Annual
Expenditures
86.5%
72.4%
84.1%
83.3%
78.2%

$1,000,000
$800,000

March YTD
Expenditures

$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 March are 8.2% 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

March YTD
Expenditures
155,857
184,852
164,825
193,549
241,913

Community Development
Annual
Expenditures *
229,793
245,310
227,960
270,479
414,226

% of Annual
Expenditures
67.8%
75.4%
72.3%
71.6%
58.4%

$500,000
March 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 53.1% over fiscal year 2022-23 actuals in total operating expenditures. Actual expenditures through March are 25.0% higher
than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
% of Annual
Expenditures
77.5%
75.2%
76.9%
80.5%
75.3%

$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

March YTD
Expenditures
245,580
293,721
323,258
362,309
360,430

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

March 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 March are 0.5%
lower than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
75.4%
74.6%
77.1%
74.0%
74.3%

$1,000,000

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

$0

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

March YTD
Expenditures
522,465
548,358
580,173
614,051
682,821

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

March 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 March are 11.2% 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

March YTD
Expenditures
98,091
99,041
98,565
175,143
102,000

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

General Obligation Debt Service
% of Annual
Expenditures
75.0%
75.1%
75.2%
84.3%
74.5%

$240,000
March 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 March 2024 are 41.8% lower than the same period in the prior fiscal year. Increases in fiscal year 2022-23 include a $75 million partial
defeasance of General Obligation Refunding Bonds, Series 2014, and a $60 million pay-off of the Excise Tax Revenue Obligations Loan that was used to purchase the 100
W. Washington Street Building.

6

Capital
Expenditures
Expenditures for capital projects. These expenditures
may come from designated capital funds such as
bond proceeds or grants, or they may come from
operating funds and be reported in both the
operating and capital sections.
Because of the long-term view used in capital
budgeting and the volatility of capital spending, no
performance status is provided unless capital
spending exceeds the capital budget.

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

20-21

21-22

22-23

23-24 (Budget)

23-24 (YTD)

$ 684,798

$ 525,852

$ 494,744

$ 2,122,729

$

19-20

General Government $ 500,745

Discussion:

393,372

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

305,660

Discussion:

Aviation

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

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

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

21-22
20-21
19-20
$0

$500

$1,000

$1,500

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

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

7

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

20-21

21-22

22-23

$ 31,640

$ 84,751

$ 112,717

19-20

Phoenix Convention Center $ 52,148

23-24 (Budget)

23-24 (YTD)

$

$

Discussion:

45,705

14,812

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)

$

$

38,014

$100

$150

13,233

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)

$

$

381,017

Discussion:

98,097

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)

$

$

631,102

159,166

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

March 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

20-21

21-22

22-23

23-24

March YTD
Annual
% of Annual
Revenues Revenues* Revenues
945,213 1,307,357
72.3%
1,105,759 1,491,537
74.1%
1,083,082 1,508,526
71.8%
1,236,281 1,695,886
72.9%
1,404,278 1,833,837
76.6%

* 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 March are 13.6% higher than the same period in the prior fiscal year. Specific revenue sources are discussed on the
following pages.

10

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

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

131,092

126,148

240,000

119,973

115,069
107,555

Secondary

200,000
81,841

160,000

Primary

120,000
80,000

206,935

201,050

192,215

182,043

170,209

129,403
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
211,244
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
8,164
7,648

Mar
8,185
9,456
8,972
10,370
11,181
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
129,403
81,841
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

Jan

Feb

Mar

Apr

May

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

Feb
33,570
32,672
42,535
54,420
52,116
47,264

Mar
61,093
63,749
44,740
52,376
59,547
64,281

YTD thru
March
383,420
411,419
470,179
511,435
533,485
514,478

June

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 March are 3.7% 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 March fiscal year 2023-24 Local Sales Tax revenues increased 4.3% 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

Apr

May

June

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

Feb
17,707
10,831
12,163
19,205
21,264
17,630

Mar
12,285
15,878
18,738
22,501
20,978
20,424

YTD thru
March
136,760
147,032
171,429
187,374
196,699
189,110

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 March are 4.0% higher than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual budget.
Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through March fiscal year 2023-24 State Sales Tax revenues increased 5.0% 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

Feb
6,528
5,568
5,828
6,276
6,343
6,694

Mar
5,960
6,411
6,418
7,297
9,364
7,216

YTD thru
March
58,064
61,769
60,044
61,510
65,242
66,773

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 March are 2.3%
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 March fiscal year 2023-24 Vehicle License Tax revenues increased 6.1% 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

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

Feb

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
187,061
178,738
199,258
246,172
221,491
260,842

Mar

Mar
217,521
272,444
230,537
255,008
344,024
312,903

Apr

May

June

YTD thru
March
1,768,360
1,964,803
2,042,337
2,194,350
2,530,757
2,547,502

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 March are 0.7% 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 March fiscal year 2023-24 Governmental Funds revenues increased 15.3% compared to the same period in prior year. For the fiscal year 2022-23 Governmental Funds for the
full year increased 6.2% over fiscal year 2021-22. Fiscal year 2021-22 increased 8.1% over 2020-21 full year results.

15

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

Aviation Operating Revenues
Budget vs Actual
160,000

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

80,000

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

40,000

July

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

Aug

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

Sept

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

Oct

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

Nov

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

Dec

Jan

Feb

Mar

Apr

May

June

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

Feb
34,215
61,877
33,583
57,291
46,427
51,980

Mar
34,228
25,487
38,417
45,866
49,078
40,034

YTD thru
March
300,864
237,230
331,333
365,700
430,607
343,387

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 March are
25.4% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through March fiscal year 2023-24 Aviation Operating revenues increased 17.7% 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

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

Feb
25,643
25,188
28,035
26,868
50,549
34,253

Mar
24,861
28,415
31,242
30,349
34,151
37,212

YTD thru
March
332,453
368,718
354,559
367,723
458,184
461,138

June

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
Expected
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 March are 0.6% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an
allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through March fiscal year 2023-24 Water System Operating revenues increased 24.6% 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

Apr

May

June

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

Feb
20,973
24,355
21,916
25,503
24,321
25,561

Mar
21,613
21,754
23,023
22,405
28,786
24,472

YTD thru
March
191,994
195,651
202,498
201,245
220,750
218,108

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
Better than 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
March are 1.2% 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 March fiscal year 2023-24 Wastewater Operating revenues increased 9.7% compared to the same period in prior year. For the fiscal year 2022-23 Wastewater Operating
revenues for the full year increased 3.1% over fiscal year 2021-22. Fiscal year 2021-22 increased 4.8% over 2020-21 full year results.

18

General Funds
Summary
Presents comparisons of year-to-date balances to
the fiscal year budget and to the actual results for the
prior year for the general fund.

General Fund Revenue
As of MARCH 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

533,485 $
2,881

511,435
2,735

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

196,699
326,816
65,242
129,403
2,172
3,467

187,374
231,137
61,510
125,028
2,303
3,914

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

6,425
625
13,089
347
6,663
1,476
11,048

5,944
623
10,701
338
4,815
1,267
7,680

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

49,501
746
11,707
23,785
18,702

35,053
935
13,989
12,578
16,925

1,833,837

19

$

$

1,404,278

$

1,236,281

General Fund Expenditures
As of MARCH 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

$

1,828 $
4,294
6,921
62,492
3,532
2,334
23,138
2,693
6,649
22,162
3,716
20,031
454
160,246

1,712
3,597
4,792
53,217
2,559
1,746
21,098
2,607
4,785
19,746
3,783
15,144
3,107
137,891

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

38,970
6,295
45,265

27,810
4,442
32,252

26,692
3,792
30,484

Public Safety
Police
Fire
Others
Total Public Safety

741,278
481,278
1,222,556

550,378
357,265
907,643

507,090
317,430
824,521

Transportation
Street Transportation
Public Transit
Total Transportation

25,473
25,473

18,602
18,602

17,777
1,890
19,666

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

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

6,660
14,293
4,196
1,709
26,858

5,325
12,189
3,024
1,912
22,450

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

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

93,410
36,554
26,925
7,415
164,304

80,254
34,224
17,899
7,212
139,590

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

36,023
1,789
715
38,527

23,482
1,043
439
24,964

17,969
867
385
19,220

Capital Improvement

121,532

13,854

15,878

Vacancy Savings

(28,000)

-

-

-

-

Contingencies
Total Expenditures and Encumbrances

101,247
$

20

2,028,668

$ 1,348,721 $ 1,209,699

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 MARCH 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

$

533,485 $
2,881

511,435
2,735

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

196,699
326,816
65,242
129,403
2,172
3,467
7,050
13,089
347
6,663
1,476
11,048
61,953
23,785
18,702

187,374
231,137
61,510
125,028
2,303
3,914
6,567
10,701
338
4,815
1,267
7,680
49,977
12,578
16,925

1,833,837

1,404,278

1,236,281

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

39,484
100,326
43,019
9,180
304,827
(1,999)
68,797
5,937
22,009
119,048
53,488
3,790
21,443
253,100
84,031

38,243
96,649
41,374
7,847
286,886
353
81,022
4,928
21,320
113,300
28,713
3,431
22,501
130,674
80,828

2,016,044

1,126,479

958,069

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

430,607
87,100
458,184
220,750
158,839

365,700
82,206
367,723
201,245
152,167

1,755,060

1,355,480

1,169,042

5,604,941

21

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

$

$ 3,886,237 $ 3,363,391

Citywide Operating Expenditures
As of MARCH 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

160,246 $
29,337
189,583

137,891
45,546
183,437

45,265
9,015
54,280

32,252
6,173
38,425

30,484
5,166
35,650

Public Safety
General Funds
Other Funds
Total Public Safety

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

907,643
220,367
1,128,010

824,521
208,710
1,033,231

Transportation
General Funds
Other Funds
Total Transportation

25,473
888,969
914,442

18,602
696,384
714,986

19,666
641,224
660,890

Community Development
General Funds
Other Funds
Total Community Development

39,424
374,802
414,226

26,858
215,055
241,913

22,450
171,099
193,549

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

228,167
250,687
478,854

164,304
196,126
360,430

139,590
222,719
362,309

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,527
880,336
918,863

24,964
657,857
682,821

19,220
594,831
614,051

Debt Service
General Funds
Other Funds
Total Debt Service

136,900
136,900

102,000
102,000

175,143
175,143

121,532
1,655,365
1,776,897

13,854
439,831
453,685

15,878
282,615
298,493

$

Criminal Justice
General Funds
Other Funds
Total Criminal Justice

Capital Improvement
General Funds
Other Funds
Total Capital Improvement

234,477
53,242
287,719

$

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

71,377
71,377

-

-

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

1,348,723
2,563,130
3,911,854 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

1,209,700
2,347,053
3,556,752

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
MARCH 31
2024
2023

Budget
Estimate
2023-2024

Source

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

General Funds
$

52,375,390
148,910

Local Taxes:
Sales Taxes
Privilege License Fees

59,692,567

52,524,300

Total Local Taxes

702,162,501

536,366,173

514,169,617

20,977,917
36,312,872
9,364,647

22,500,547
25,681,940
7,297,004

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

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

196,698,768
326,815,848
65,242,289

187,373,644
231,137,454
61,509,889

66,655,436

55,479,491

769,938,000

588,756,905

480,020,987

6,872,386

6,417,034

Primary Property Tax

206,935,000

129,403,072

125,027,649

303,285

284,909

Licenses and Permits

3,070,000

2,171,774

2,302,566

-

-

Cable Communications

8,000,000

3,466,533

3,913,532

818,990
113,182

838,284
127,152

Municipal Court:
Fines and Forfeitures
Court Default Fee

7,986,764
777,600

6,425,080
625,120

5,943,735
623,129

932,172

965,436

8,764,364

7,050,200

6,566,864

1,655,777

1,380,527

14,511,088

13,088,917

10,701,007

26,937

23,251

Library Fees

438,376

347,429

337,930

1,413,844

573,955

Parks and Recreation

6,371,912

6,662,775

4,814,856

173,956

106,291

Planning and Development

1,810,900

1,475,849

1,266,623

950,834

490,906

Street Transportation

6,946,062

11,048,007

7,679,613

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

49,500,849
745,671
11,706,524

35,053,225
934,900
13,988,884

71,098,317

61,953,044

49,977,009
12,577,679

59,547,352
145,215

$

$

Total State Shared Taxes

Total Municipal Court
Police

699,157,051
3,005,450

$

533,485,043
2,881,130

$

511,434,587
2,735,030

43,232,949
209,329
281,384

4,140,245
225,625
1,410,471

43,723,662

5,776,341

3,048,872

2,164,655

Interest

14,539,712

23,784,782

1,190,487

1,123,754

Other Fees and Service Charges

19,250,440

18,702,429

16,924,679

186,640,215

127,310,850

1,833,836,672

1,404,277,889

1,236,280,611

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
3,115,981
222,571
1,112,851
63,340

2,886,101
206,150
1,030,750
62,332

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

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

27,235,099
1,945,365
9,726,821
576,288

26,441,161
1,888,654
9,443,271
469,583

4,514,743

4,185,333

Total Neighborhood Protection

53,787,674

39,483,573

38,242,669

8,315,460
2,511,889
43,136

8,063,409
2,548,090
51,953

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

75,755,821
23,839,661
730,349

73,285,546
22,984,188
379,659

10,870,485

10,663,452

136,966,216

100,325,831

96,649,393

4,956,110

4,460,172

56,272,960

43,018,566

41,373,631

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
MARCH 31
2024
2023
$

1,033,665
440,332
23,447
65,349

$

Budget
Estimate
2023-2024

Source

928,476
388,348
11,854
45,700

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
$

5,960,991
2,643,442
159,639
415,504

$

4,964,109
2,439,443
70,983
372,404

1,562,793

1,374,378

Total Golf Courses

10,130,215

9,179,576

7,846,939

30,569,567
5,850,378

28,201,042
4,873,250

Transit 2000 & 2050:
Sales Taxes
Interest/Other

364,772,821
37,490,765

265,988,481
38,838,140

257,556,904
29,328,958

36,419,945

33,074,292

402,263,586

304,826,621

286,885,862

231,390

853,119

Court Awards

4,672,692

(1,999,134)

352,846

6,360,112

7,938,970

Planning and Development

84,311,300

68,797,361

81,022,102

660,655

647,349

Capital Construction

6,157,424

5,936,563

4,927,886

2,541,670
301,224

3,190,834
179,859

Sports Facilities:
Sales Taxes
Interest/Other

28,487,629
3,964,315

18,847,055
3,162,443

19,518,350
1,801,585

2,842,894

3,370,693

Total Sports Facilities

32,451,944

22,009,498

21,319,935

14,253,782
607,223
10,948

12,562,553
355,031
1,405

Highway User Revenue:
Highway User Revenue
Interest
Other

157,955,000
500,000
20,000

114,009,409
4,751,555
286,362

111,097,398
2,146,929
55,657

14,871,953

12,918,989

158,475,000

119,047,326

113,299,984

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

6,702,446

3,256,525

Regional Transit Revenues

82,428,550

53,487,623

28,713,478

293,736

204,901

Community Reinvestment

11,905,291

3,790,415

3,431,100

433,832

2,141,773

Other Restricted Fees

51,069,507

21,443,173

22,501,048

392,048
20,899,953
1,095,678

400,882
8,438,590
1,849,751

Grants:
Public Housing:
Rentals
Grants
Other

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

3,633,763
121,135,332
19,354,211

3,439,377
84,589,511
10,303,422

22,387,679

10,689,223

246,285,926

144,123,306

98,332,310

4,658,407
2,529,762
1,749,762
31,027,984

3,580,866
6,170,822
8,349,736
7,431,934

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

48,622,773
(15,007,668)
8,710,570
66,651,372

28,830,171
(24,189,477)
9,620,477
18,080,862

39,965,915

25,533,358

Total Other

543,927,695

108,977,047

32,342,033

62,353,594

36,222,581

Total Grants

790,213,621

253,100,353

130,674,343

4,308,920
-

3,952,964
2,431,214

131,092,075
3,846,046

81,841,193
2,190,119

78,212,913
2,614,708

4,308,920

6,384,178

134,938,121

84,031,312

80,827,621

157,383,608

127,696,705

2,016,044,101

1,126,478,657

958,068,837

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
MARCH 31
2024
2023

Budget
Estimate
2023-2024

Source

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

Enterprise Funds
AVIATION:
$

11,379,983 $
33,642,444
2,139,395
450,350
490,114
352,175
623,183

9,143,406
34,280,818
1,140,981
258,855
281,411
339,147
422,042

49,077,644

45,866,660

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

$

101,849,942
290,843,282
24,114,864
2,575,286
2,871,694
3,212,538
5,139,073

$

81,340,693
270,924,339
6,811,227
(1,439,017)
2,579,587
2,866,622
2,616,968

528,508,178

430,606,679

365,700,419

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

59,826,530
23,117,310
4,155,681

60,633,457
20,121,573
1,450,937

112,997,776

87,099,521

82,205,967

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

384,325,380
1,984,787
6,617,111
6,634,477
4,877,456
9,942,803
43,801,848

330,403,764
2,102,739
5,922,082
7,279,370
5,789,640
5,259,106
10,966,409

627,172,019

458,183,862

367,723,110

CONVENTION CENTER:
7,179,273
4,130,493
548,375

7,587,849
3,290,486
279,683

11,858,141

11,158,018

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER SYSTEM:

30,751,954
220,714
450,831
230,823
527,820
1,182,461
785,859

23,494,083
249,619
457,345
604,280
637,560
793,201
4,113,011

34,150,462

30,349,099

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

20,326,131
3,926,551
481,560
991,685
3,060,635

17,453,835
1,808,980
605,400
655,036
1,882,538

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

169,368,967
17,304,057
4,655,280
9,489,754
19,932,040

153,214,777
16,421,550
5,510,580
4,876,764
21,221,641

28,786,562

22,405,789

Total Wastewater

289,187,794

220,750,098

201,245,312

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

137,725,108
10,750,270
1,438,409
8,925,627

133,553,861
9,565,833
884,449
8,163,082

197,194,295

158,839,414

152,167,225

1,755,060,062

1,355,479,574

1,169,042,033

SOLID WASTE:

$

15,568,045
929,720
163,663
1,808,550

15,119,249
851,291
144,338
797,318

18,469,978

16,912,196

142,342,787

126,691,762

486,366,610

$

381,699,317

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

$

25

5,604,940,835

$

3,886,236,120

$

3,363,391,481

Citywide Operating Expenditures by Program
For the Month Ended
MARCH 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
$

164,243 $
408,396
1,165,300
4,293,272
95,635
305,225
271,039
2,387,718
171,384
286,515
1,611,352
(2,689,389)
11,620
377,363
3,236,840
1,608,736

193,114
467,910
(765,300)
4,439,464
131,852
303,971
217,667
2,832,150
339,805
743,105
3,094,969
234,372
16,179
343,183
2,527,203
1,681,282

13,705,253

16,800,926

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

$

1,827,785
4,294,073
7,951,522
72,561,849
1,361,690
3,541,890
2,734,927
24,286,469
2,693,497
6,649,388
24,114,608
(543,490)
75,948
3,715,943
30,321,399
3,995,630

$

1,711,758
3,596,936
5,344,985
62,046,278
1,052,134
2,713,534
2,094,754
22,380,201
2,607,218
4,784,613
40,369,011
2,262,220
62,268
3,782,625
24,418,934
4,209,932

$

1,827,785
4,294,073
7,951,522
63,136,437
1,361,690
3,541,890
2,734,927
24,286,469
2,693,497
6,649,388
23,632,747
(543,490)
75,948
3,715,943
21,479,103
3,995,630

$

9,425,412
481,860
8,842,295
-

287,719,443

189,583,127

183,437,403

170,833,559

18,749,567

47,984,830
6,295,331

33,983,215
4,441,851

31,858,064
3,791,708

29,247,924
4,441,851

4,735,291
-

54,280,161

38,425,066

35,649,772

33,689,775

4,735,291

980,679,674
567,051,944
-

713,400,997
414,609,061
-

658,781,148
374,449,733
-

711,875,447
413,084,490
-

1,525,550
1,524,570
-

1,547,731,618

1,128,010,058

1,033,230,882

1,124,959,938

3,050,120

Criminal Justice
3,453,762
549,624

3,870,947
489,521

4,003,386

4,360,468

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

75,316,179
41,438,316
-

74,619,753
51,873,124
-

116,754,495

126,492,877

Police
Fire
Other
Total Public Safety
Transportation

9,609,710
471,566
38,646,446
4,057,766

8,902,941
741,445
34,492,766
6,256,529

Street Transportation
Street Lighting
Aviation
Public Transit

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

86,975,065
8,404,009
311,276,505
308,330,736

85,052,407
7,941,776
294,382,674
273,513,140

77,114,229
8,404,009
238,177,245
308,330,736

9,860,836
73,099,260
-

52,785,487

50,393,680

Total Transportation

914,441,648

714,986,315

660,889,998

632,026,220

82,960,095

Community Development
7,361,038
13,109,805
4,627,999
3,977,064

7,202,864
10,423,619
1,397,896
3,024,350

Planning and Development
Housing
Economic Development
Neighborhood Services Department

96,447,351
198,034,489
28,666,019
91,078,576

66,715,940
118,870,435
23,979,658
32,346,876

61,061,355
89,454,107
16,562,398
26,470,775

66,715,940
118,442,106
19,591,256
32,346,876

428,330
4,388,402
-

29,075,905

22,048,730

Total Community Development

414,226,435

241,912,910

193,548,635

237,096,178

4,816,732

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

109,320,117
37,510,920
58,190,025
9,569,277
135,620,457
5,471,640
4,747,200

93,730,345
35,467,574
55,755,641
9,845,033
157,214,343
5,568,239
4,727,396

108,843,431
37,510,920
45,079,845
135,527,683
5,471,640
4,747,200

476,686
13,110,180
9,569,277
92,774
-

478,854,006

360,429,636

362,308,571

337,180,719

23,248,917

Community Enrichment
11,783,927
4,253,169
5,838,478
1,063,173
9,135,066
39,896
228,244

10,936,599
3,489,318
5,530,118
1,093,813
15,581,870
42,854
440,612

32,341,951

37,115,184

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
MARCH 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
$

41,946,994 $
18,036,473
15,492,830
2,517,957
319,915
94,237

35,823,539
15,420,744
14,632,273
4,019,585
279,928
(229,747)

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

78,408,406

69,946,321

Total Environmental Services

$

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

$

345,563,444
166,873,977
135,248,580
31,687,592
2,847,390
600,117

$

308,211,704
147,008,207
126,595,248
28,407,563
3,403,196
425,122

$

231,985,498
102,744,744
128,513,580
23,502,288
2,847,390
600,117

$

113,577,945
64,129,234
6,735,000
8,185,304
-

918,862,929

682,821,100

614,051,039

490,193,617

192,627,483

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

9,502,754
17,366,901
75,375
11,122,271
469,744
2,272,247
419,063
9,669,169
5,076,001
283,069
12,888,743
9,430,366
815,574
12
450,000
13,333,949
8,559,211
24,750
241,072

46,445,211
12,799,112
1,596,612
6,822,491
663,094
2,344,259
248,813
8,655,133
8,693,762
183,881
24,236,024
13,411,497
815,574
1,772,427
450,000
33,116,374
12,605,649
41,750
241,072

9,502,754
17,366,901
75,375
11,122,271
469,744
2,272,247
419,063
9,669,169
5,076,001
283,069
12,888,743
9,430,366
815,574
12
450,000
13,333,949
8,559,211
24,750
241,072

-

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

102,000,270

175,142,734

102,000,270

-

82,148,266

39,354,908

Capital Improvement

1,776,896,584

453,685,246

298,493,344

453,685,246

-

-

-

Non-Departmental Grants

71,376,828

-

-

-

-

-

-

Vacancy Savings

(28,000,000)

-

-

-

-

-

-

Contingencies

176,747,000

-

-

-

-

420,556,511 $

377,416,794

Cultural Facilities
Downtown Development
Economic Development
Environmental Services
Fire Protection
Freeway Mitigation
Historic/Neighborhood Preservation
Human Services
Information Systems
Libraries
Maintenance Service Centers
Mountain Preserves/Parks
Municipal Administration Buildings
Police Protection
Public Housing Renovation
Sanitary Sewers
Secondary Property Tax
Solid Waste Enterprise Bonds
Storm Sewer Improvements
Street Improvements
Street Light Refinancing
Water System

$

6,750,037,027

$

27

3,911,853,728

$

3,556,752,378

$

3,581,665,522

$

330,188,205

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

$

3,047,246 $
17,088,263
54,172,333
1,030,894
52,713,739
132,222,515
7,762,972
52,194,863
11,283,653
2,399,033
668,256,841
156,600,628
26,563,000
17,759,000
7,384,150
516,206,676
6,001,000
390,042,281

398,767 $
10,368,154
9,120,123
5,108,217
21,529,969
8,098,218
13,733,821
529,888
676,097
68,499,775
56,118,240
27,509,278
8,357,398
3,520,803
60,045,191
99,757,836

26,038,946
14,296,976
1,444,304
25,408,467
3,017,599
4,407,420
811,842
1,156,766
67,886,320
21,423,794
2,036,087
12,453,597
1,381,837
40,526,786
71,895,211

$

1,946,965 $
17,088,263
33,146,079
20,044,385
119,057,634
7,162,972
44,057,688
5,988,553
2,399,033
36,850,000
129,877,565
26,563,000
2,338,233
515,949,670
226,383,532

388,034
10,368,154
8,596,740
1,092,217
17,793,804
8,098,218
10,030,871
529,888
676,097
49,026,975
27,509,278
783,966
59,925,933
79,520,505

$

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

10,733
523,383
4,016,000
3,736,165
3,702,950
68,499,775
7,091,265
8,357,398
2,736,837
119,258
20,237,332

$

2,648,479
6,720,109
45,052,210
1,030,894
47,605,522
110,692,546
(335,246)
38,461,042
10,753,765
1,722,936
599,757,066
100,482,388
(946,278)
9,401,602
3,863,347
456,161,485
6,001,000
290,284,445

$

2,122,729,087 $

393,371,777 $

294,185,954

$

1,188,853,572 $

274,340,681

$

933,875,515 $

119,031,096

$

1,729,357,310

$

$

1,194,244,623
45,705,232
38,014,265
381,016,677
631,102,319
2,290,083,116

$

4,412,812,203

$

$

305,659,562
14,811,802
13,232,940
98,097,093
159,165,501
590,966,897

$

984,338,674

$

$

30,952,709
141,106,528
15,878,087
85,967,864
65,259,008
339,164,196

$

234,286,116
8,935,232
14,252,847
134,919,809
195,649,008
588,043,012

54,795,140
6,398,587
3,071,278
51,690,555
63,389,004
$ 179,344,565

$

633,350,150

$ 1,776,896,584

$ 453,685,246

28

$

$

$

$

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

$

2,635,915,619

$

$

250,864,421
8,413,215
10,161,662
46,406,538
95,776,496
411,622,332

$

$

888,585,061
30,893,430
24,781,325
282,919,584
471,936,818
1,699,116,219

$

530,653,428

$

3,428,473,529

Bonds Authorized and Sold
As of MARCH 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