April 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

April 30, 2024
To the Mayor and City Council:
This is the City's Financial Report for April, the tenth 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

June 4, 2024

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) April 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
April 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

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

Community Enrichment

6

Better than Expected

Environmental Services

6

Better than 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

Expected

Vehicle License Tax

14

Monitor and Consider Taking Action

Governmental Funds

15

Monitor and Consider Taking Action

Aviation

16

Better than Expected

Water System

17

Monitor and Consider Taking Action

Wastewater

18

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

April YTD
Expenditures
1,073,685
1,115,110
1,172,965
1,323,691
1,488,004

Total General Fund

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

% of Annual
Expenditures
83.7%
81.3%
79.8%
81.5%
76.1%

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

$2,500,000
April 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 April are 12.4% 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

April YTD
Expenditures
108,964
128,473
128,817
149,875
178,455

Annual
% of Annual
Expenditures * Expenditures
88.5%
123,100
83.3%
154,211
79.6%
161,907
78.5%
190,945
76.1%
234,477

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

$250,000
April 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 April are 19.1% 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

April YTD
Expenditures

Annual
Expenditures *

29,147
29,233
33,305
33,540
35,629

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

% of Annual
Expenditures
83.2%
80.8%
83.2%
79.2%
78.7%

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

$50,000
April YTD
Expenditures

$40,000
$30,000

Annual
Expenditures *

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

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 April are 6.2% 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
April YTD
Expenditures

Annual
Expenditures *

741,524
756,061
792,641
903,893
998,209

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

% of Annual
Expenditures
83.0%
81.7%
79.9%
83.5%
81.6%

$1,500,000
April 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 April are 10.4% 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

April YTD
Expenditures

Annual
Expenditures *

17,212
19,556
19,483
21,506
20,686

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

% of Annual
Expenditures
87.2%
88.3%
84.1%
86.6%
81.2%

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

$30,000
$25,000

April 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 April are 3.8% 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

April YTD
Expenditures

Annual
Expenditures *

18,901
19,853
22,672
24,893
29,435

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

% of Annual
Expenditures
83.8%
82.3%
80.3%
76.8%
74.7%

$50,000
April 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 April are 18.2% 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
84.3%
78.4%
79.7%
80.0%
79.3%

$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

April YTD
Expenditures

Annual
Expenditures *

131,048
124,262
138,318
152,697
180,832

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

April 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 April are 18.4%
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 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

Environmental Services

April YTD
Expenditures

Annual
Expenditures *

18,050
17,212
22,912
20,141
26,779

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

% of Annual
Expenditures
94.1%
82.3%
86.4%
71.1%
69.5%

$40,000
April 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 April are 33.0% 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

April YTD
Expenditures
3,224,341
3,360,103
3,646,711
3,897,194
4,311,904

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

% of Annual
Expenditures
84.5%
80.7%
81.2%
82.3%
65.3%

* 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
April 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 April are 10.6%
higher than the same period in the prior fiscal year.

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

April YTD
Expenditures
132,060
176,323
141,911
198,480
210,180

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

% of Annual
Expenditures
84.0%
85.0%
59.4%
80.6%
73.1%

$400,000
April 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 April are 5.9% 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

April YTD
Expenditures
36,835
35,948
39,184
39,286
42,493

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

% of Annual
Expenditures
82.9%
81.4%
83.3%
79.5%
78.3%

$80,000
April 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 April are 8.2% 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
83.3%
82.4%
80.6%
83.6%
80.4%

$2,000,000

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

$0

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

April YTD
Expenditures
924,677
924,841
990,969
1,132,231
1,244,832

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

April 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 April are 9.9% higher than the same period in the prior fiscal year.

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

Transportation

April YTD
Expenditures
705,909
608,798
709,962
705,260
761,502

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

% of Annual
Expenditures
91.1%
77.4%
89.1%
88.9%
83.3%

$1,000,000
$800,000

April 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 April are 8.0% higher than the same period in
the prior fiscal year. Fiscal year 2021-22 financial results included a $70 million pension paydown.

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

April YTD
Expenditures
172,762
204,990
181,813
217,055
269,352

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

% of Annual
Expenditures
75.2%
83.6%
79.8%
80.2%
65.0%

$500,000
April 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 April are 24.1% 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
84.5%
82.3%
82.9%
87.1%
82.4%

$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

April YTD
Expenditures
267,647
321,460
348,554
392,124
394,515

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

April 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 April are 0.6%
higher than the same period in the prior fiscal year.

Environmental Services
% of Annual
Expenditures
85.0%
84.1%
84.4%
84.0%
82.6%

$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

April YTD
Expenditures
588,625
617,635
635,150
697,295
759,062

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

April YTD
Expenditures

$750,000
$500,000

Annual
Expenditures *

$250,000

19-20

20-21

21-22

22-23

23-24

Better than 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 April are 8.9% higher than the same period in the prior fiscal year.

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

April YTD
Expenditures
109,007
110,006
109,516
186,046
113,334

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

General Obligation Debt Service
% of Annual
Expenditures
83.3%
83.4%
83.5%
89.5%
82.8%

$240,000
April 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 April 2024 are 39.1% 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

$ 2,122,534

$

Discussion:

432,035

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

310,581

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

16,742

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

14,035

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)

$

$

380,017

Discussion:

149,186

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
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)

$

$

632,177

194,714

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

April 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

April YTD
Revenues
1,033,953
1,220,113
1,211,778
1,356,550
1,561,196

20-21

21-22

22-23

23-24

Annual
% of Annual
Revenues* Revenues
1,307,357
79.1%
1,491,537
81.8%
1,508,526
80.3%
1,695,886
80.0%
1,833,837
85.1%

* 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 April are 15.1% 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
86,903

Primary

160,000
120,000
80,000

206,935

201,050

192,215

182,043

170,209

137,519

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
224,422
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
13,178
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
137,519
86,903
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

Mar

Apr

May

June

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

Apr
29,662
40,758
54,758
43,371
73,586
48,814

YTD thru
April
413,082
452,177
524,937
554,806
607,071
563,292

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 April are 7.8% 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 April fiscal year 2023-24 Local Sales Tax revenues increased 9.4% 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

Apr
18,557
23,414
25,105
23,090
19,620
26,535

YTD thru
April
155,317
170,446
196,534
210,464
216,319
215,645

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
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 April are 0.3% 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 April fiscal year 2023-24 State Sales Tax revenues increased 2.8% compared to the same period in prior year. For the fiscal year 2022-23 State Sales Tax for the full year
increased 5.2% over fiscal year 2021-22. Fiscal year 2021-22 increased 14.2% over 2020-21 full year results.

13

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

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

10,000

20-21 Actuals
21-22 Actuals

8,000

22-23 Actuals
6,000

23-24 Actuals
23-24 Budget

4,000
2,000
July

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

Aug

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

Sept

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

Oct

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

Apr
5,110
7,162
8,075
7,252
5,355
7,635

YTD thru
April
63,174
68,931
68,119
68,762
70,597
74,408

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 April are 5.1% lower
than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through April fiscal year 2023-24 Vehicle License Tax revenues increased 2.7% compared to the same period in prior year. For the fiscal year 2022-23 Vehicle License Tax for
the full year increased 2.4% over fiscal year 2021-22. Fiscal year 2021-22 decreased 1.3% over 2020-21 full year results.

14

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

Governmental Funds Revenues
Budget vs Actual
600,000

500,000

19-20 Actuals
20-21 Actuals

400,000

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

300,000

23-24 Budget

200,000

100,000

-

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

July

Aug

Sept

Oct

Nov

Dec

Jan

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

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

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

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

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

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

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

Apr
180,484
316,241
255,574
243,521
298,429
321,256

June

YTD thru
April
1,948,844
2,281,044
2,297,911
2,437,871
2,829,186
2,868,758

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

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

Year to Date Performance Status
Monitor and Consider Taking Action
Governmental Funds are those funds supported primarily through taxes, bonds and grants and include the general fund as well as funds with dedicated tax revenue streams. They do
not include the enterprise funds. Governmental Funds for fiscal year 2023-24 are budgeted to increase 14.8% over fiscal year 2022-23 actual results. Year-to-date Governmental Funds
revenues through April are 1.4% 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 April 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

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

Apr
27,255
31,454
40,080
48,930
66,870
41,069

YTD thru
April
328,119
268,684
371,413
414,630
497,477
384,456

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 April are
29.4% 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 April fiscal year 2023-24 Aviation Operating revenues increased 20.0% 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

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

Apr
29,080
37,714
40,702
35,722
40,533
46,397

YTD thru
April
361,533
406,432
395,261
403,445
498,717
507,535

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 April are 1.7% 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 April fiscal year 2023-24 Water System Operating revenues increased 23.6% 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

Apr
18,428
21,584
24,091
21,595
25,563
23,618

YTD thru
April
210,422
217,235
226,589
222,840
246,313
241,726

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
April are 1.9% 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 April fiscal year 2023-24 Wastewater Operating revenues increased 10.5% 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 APRIL 30
(dollars in thousands)
Budget
Estimate
2023-2024

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

Revenues
Local Taxes
Sales Taxes
Privilege License Fees
State Shared Taxes
State Sales Tax
State Income Tax
Vehicle License Tax
Primary Property Tax
Licenses and Permits
Cable Communications
Municipal Court
Fines and Forfeitures
Court Default Fee
Police
Library
Parks and Recreation
Engineering & Architectural Services
Planning & Development
Street Transportation
Fire
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other
Interest
Other Fees and Service Charges

Total Revenues

$

$

699,157
3,005

607,071 $
3,031

554,806
2,876

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

216,319
363,129
70,597
137,519
2,348
3,467

210,464
256,819
68,762
134,688
2,446
3,914

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

7,222
715
14,848
383
7,316
1,604
11,524

6,656
716
11,501
360
5,183
1,363
8,218

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

53,698
902
12,252
26,841
20,408

38,479
1,102
14,609
14,719
18,871

1,833,837

19

$

$

1,561,196

$

1,356,550

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

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

Expenditures and Encumbrances
General Government
Mayor
City Council
City Manager
Information Technology Services
Public Information
Equal Opportunity
Law
City Auditor
City Clerk
Human Resources
Budget and Research
Finance
Others
Total General Government

$

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

$

2,000 $
4,751
7,875
67,305
3,828
2,561
25,454
2,925
6,945
23,941
4,102
26,028
739
178,455

1,894
4,083
5,487
57,194
2,817
1,972
22,840
2,888
5,259
21,036
4,091
16,835
3,480
149,875

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

38,970
6,295
45,265

30,635
4,994
35,629

29,289
4,252
33,540

Public Safety
Police
Fire
Others
Total Public Safety

741,278
481,278
1,222,556

603,174
395,035
998,209

558,325
345,568
903,893

Transportation
Street Transportation
Public Transit
Total Transportation

25,473
25,473

20,686
20,686

19,616
1,889
21,506

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

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

7,230
15,691
4,763
1,750
29,435

5,804
13,705
3,435
1,949
24,893

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

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

102,111
41,062
29,830
7,829
180,832

88,328
37,533
19,459
7,378
152,697

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

36,023
1,789
715
38,527

25,080
1,178
521
26,779

18,735
943
463
20,141

Capital Improvement

121,532

17,978

17,146

Vacancy Savings

(28,000)

-

-

-

-

Contingencies

101,247

Total Expenditures and Encumbrances $

20

2,028,668

$ 1,488,004 $ 1,323,691

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 APRIL 30
(dollars in thousands)

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

Budget
Estimate
2023-2024
$

699,157
3,005

Total General Funds
Special Revenue and Debt Service Funds
Neighborhood Protection
Public Safety Enhancement & Expansion
Parks and Preserves
Golf Courses
Transit 2000 & 2050
Court Awards
Planning and Development
Capital Construction
Sports Facilities
Highway User Revenue
Regional Transit Revenues
Community Reinvestment
Other Restricted Fees
Grants
G.O. Bond/Secondary Property Tax
Total Special Revenue and
Debt Service Funds
Enterprise Funds
Aviation
Convention Center
Water System
Wastewater
Solid Waste
Total Enterprise Funds
Total Operating Revenues

$

607,071 $
3,031

554,806
2,876

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

216,319
363,129
70,597
137,519
2,348
3,467
7,936
14,848
383
7,316
1,604
11,524
66,853
26,841
20,408

210,464
256,819
68,762
134,688
2,446
3,914
7,372
11,501
360
5,183
1,363
8,218
54,189
14,719
18,871

1,833,837

1,561,196

1,356,549

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

45,182
114,139
49,154
10,772
349,025
(1,999)
75,246
6,849
30,183
134,754
59,095
5,186
27,231
274,081
89,093

41,760
105,889
45,146
9,181
314,956
353
87,083
5,200
24,139
127,121
34,627
3,668
27,876
165,183
89,139

2,016,044

1,267,991

1,081,321

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

497,477
102,726
498,717
246,313
176,618

414,630
92,678
403,445
222,840
169,495

1,755,060

1,521,852

1,303,087

5,604,941

21

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

$ 4,351,039 $ 3,740,957

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

Source
General Government
General Funds
Other Funds
Total General Government

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

Budget
2023-2024

178,455 $
31,725
210,180

149,875
48,605
198,480

45,265
9,015
54,280

35,629
6,864
42,493

33,540
5,746
39,286

Public Safety
General Funds
Other Funds
Total Public Safety

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

998,209
246,623
1,244,832

903,893
228,338
1,132,231

Transportation
General Funds
Other Funds
Total Transportation

25,473
888,969
914,442

20,686
740,816
761,502

21,506
683,754
705,260

Community Development
General Funds
Other Funds
Total Community Development

39,424
374,802
414,226

29,435
239,917
269,352

24,893
192,162
217,055

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

228,167
250,687
478,854

180,832
213,683
394,515

152,697
239,427
392,124

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,527
880,336
918,863

26,779
732,283
759,062

20,141
677,154
697,295

Debt Service
General Funds
Other Funds
Total Debt Service

136,900
136,900

113,334
113,334

186,046
186,046

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

17,978
498,655
516,633

17,146
312,270
329,416

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

1,488,003
2,823,900
4,311,904 $

$

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

$

$

1,323,691
2,573,502
3,897,194

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
APRIL 30
2024
2023

Budget
Estimate
2023-2024

Source

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

General Funds
$

73,586,250
150,133
73,736,383

$

43,371,081
141,234

Local Taxes:
Sales Taxes
Privilege License Fees

$

699,157,051
3,005,450

$

607,071,293
3,031,263

$

554,805,668
2,876,264

43,512,315

Total Local Taxes

702,162,501

610,102,556

557,681,932

19,620,122
36,312,872
5,355,005

23,090,169
25,681,939
7,252,377

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

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

216,318,890
363,128,720
70,597,294

210,463,813
256,819,393
68,762,266

61,287,999

56,024,485

769,938,000

650,044,904

536,045,472

8,116,301

9,660,242

Primary Property Tax

206,935,000

137,519,373

134,687,891

176,528

143,242

Licenses and Permits

3,070,000

2,348,302

2,445,808

-

-

Cable Communications

8,000,000

3,466,533

3,913,532

796,427
89,699

712,184
92,488

Municipal Court:
Fines and Forfeitures
Court Default Fee

7,986,764
777,600

7,221,507
714,819

6,655,919
715,617

886,126

804,672

1,758,903

799,588

Police

35,864

21,747

Library Fees

438,376

383,293

359,677

653,267

367,892

Parks and Recreation

6,371,912

7,316,042

5,182,748

128,626

96,672

Planning and Development

1,810,900

1,604,475

1,363,295

476,250

538,465

Street Transportation

6,946,062

11,524,257

8,218,078

4,197,583
156,554
545,673

3,425,652
166,725
619,884

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

53,698,432
902,225
12,252,197

38,478,877
1,101,625
14,608,768

4,899,810

4,212,261

71,098,317

66,852,854

54,189,270

3,056,131

2,141,001

Interest

14,539,712

26,840,913

14,718,680

1,705,979

1,945,938

Other Fees and Service Charges

156,918,167

120,268,520

Total State Shared Taxes

Total Municipal Court

Total Fire

Total General Funds

8,764,364

7,936,326

7,371,536

14,511,088

14,847,820

11,500,595

19,250,440

20,408,408

18,870,617

1,833,836,672

1,561,196,056

1,356,549,131

Special Revenue and Debt Service Funds
3,946,802
281,913
1,409,572
59,726

2,414,632
172,474
862,370
67,662

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

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

31,181,901
2,227,278
11,136,393
636,014

28,855,793
2,061,128
10,305,641
537,245

5,698,013

3,517,138

Total Neighborhood Protection

53,787,674

45,181,586

41,759,807

10,577,446
3,209,106
26,630

6,942,795
2,252,340
43,989

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

86,333,267
27,048,767
756,979

80,228,341
25,236,528
423,648

13,813,182

9,239,124

136,966,216

114,139,013

105,888,517

6,135,662

3,771,897

56,272,960

49,154,228

45,145,528

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
APRIL 30
2024
2023
$

1,052,951
450,231
25,246
63,567

$

Budget
Estimate
2023-2024

Source

894,974
377,928
12,083
49,556

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
$

7,013,942
3,093,673
184,885
479,071

$

5,859,083
2,817,371
83,066
421,960

1,591,995

1,334,541

Total Golf Courses

10,130,215

10,771,571

9,181,480

38,607,131
5,591,588

23,501,198
4,568,887

Transit 2000 & 2050:
Sales Taxes
Interest/Other

364,772,821
37,490,765

304,595,612
44,429,728

281,058,102
33,897,845

44,198,719

28,070,085

402,263,586

349,025,340

314,955,947

Court Awards

4,672,692

(1,999,134)

352,846

Planning and Development

84,311,300

75,246,366

87,082,877

Capital Construction

6,157,424

6,849,199

5,200,249

Sports Facilities:
Sales Taxes
Interest/Other

28,487,629
3,964,315

23,732,945
6,449,607

22,161,999
1,976,806

-

-

Total Transit 2000 & 2050

6,449,005

6,060,775

912,636

272,363

4,885,890
3,287,164

2,643,649
175,221

8,173,054

2,818,870

Total Sports Facilities

32,451,944

30,182,552

24,138,805

15,083,259
603,660
19,185

13,471,694
344,536
5,219

Highway User Revenue:
Highway User Revenue
Interest
Other

157,955,000
500,000
20,000

129,092,668
5,355,215
305,547

124,569,092
2,491,465
60,876

15,706,104

13,821,449

158,475,000

134,753,430

127,121,433

-

-

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,607,607

5,913,650

Regional Transit Revenues

82,428,550

59,095,230

34,627,128

1,395,178

236,589

Community Reinvestment

11,905,291

5,185,593

3,667,689

5,787,767

5,375,162

Other Restricted Fees

51,069,507

27,230,939

27,876,210

426,322
1,669,401
3,996,958

439,066
8,860,090
567,605

Grants:
Public Housing:
Rentals
Grants
Other

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

4,060,085
122,804,733
23,351,169

3,878,443
93,449,601
10,871,027

6,092,681

9,866,761

246,285,926

150,215,987

108,199,071

4,050,757
699,371
6,853,898
3,284,225

7,856,327
9,193,947
58,173
7,533,025

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

52,673,530
(14,308,297)
15,564,468
69,935,597

36,686,498
(14,995,530)
9,678,650
25,613,887

14,888,251

24,641,472

Total Other

543,927,695

123,865,298

56,983,505

20,980,932

34,508,233

Total Grants

790,213,621

274,081,285

165,182,576

5,061,788
-

5,958,028
2,353,765

131,092,075
3,846,046

86,902,981
2,190,119

84,170,941
4,968,473

5,061,788

8,311,793

134,938,121

89,093,100

89,139,414

141,511,642

123,251,669

2,016,044,101

1,267,990,298

1,081,320,506

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
APRIL 30
2024
2023

Budget
Estimate
2023-2024

Source

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

Enterprise Funds
AVIATION:
$

12,109,000 $
41,618,035
2,212,469
9,567,447
319,949
431,857
611,699

9,668,829
36,908,208
1,126,656
121,935
292,102
401,478
410,212

66,870,456

48,929,420

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

$

113,958,942
332,461,317
26,327,333
12,142,733
3,191,643
3,644,395
5,750,772

$

91,009,522
307,832,547
7,937,883
(1,317,082)
2,871,689
3,268,100
3,027,180

528,508,178

497,477,135

414,629,839

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

71,461,164
26,541,653
4,723,501

67,780,746
23,156,899
1,739,925

112,997,776

102,726,318

92,677,570

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

422,169,389
2,209,059
7,079,192
7,553,522
5,218,076
11,055,677
43,432,204

363,294,940
2,323,135
6,424,713
7,969,385
6,068,880
5,963,621
11,400,247

627,172,019

498,717,119

403,444,921

CONVENTION CENTER:
11,634,634
3,424,343
567,820

7,147,289
3,035,326
288,988

15,626,797

10,471,603

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER SYSTEM:

37,844,009
224,272
462,081
919,045
340,620
1,112,874
(369,644)

32,891,176
220,396
502,631
690,015
279,240
704,515
433,838

40,533,257

35,721,811

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

20,587,042
1,881,174
320,940
1,138,882
1,635,136

17,495,314
1,949,312
248,940
735,030
1,165,742

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

189,956,009
19,185,231
4,976,220
10,628,636
21,567,176

170,710,091
18,370,862
5,759,520
5,611,794
22,387,383

25,563,174

21,594,338

Total Wastewater

289,187,794

246,313,272

222,839,650

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

153,301,160
12,357,577
1,596,924
9,362,299

148,690,460
11,071,524
1,023,572
8,709,473

197,194,295

176,617,960

169,495,029

1,755,060,062

1,521,851,804

1,303,087,009

SOLID WASTE:

$

15,576,052
1,607,307
158,515
436,672

15,136,599
1,505,691
139,123
546,391

17,778,546

17,327,804

166,372,230

134,044,976

464,802,039

$

377,565,165

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

$

25

5,604,940,835

$

4,351,038,158

$

3,740,956,646

Citywide Operating Expenditures by Program
For the Month Ended
APRIL 30
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
$

172,248 $
457,075
1,470,895
5,930,348
100,388
295,890
264,382
2,348,675
231,930
296,048
1,831,708
201,419
12,005
386,066
7,136,822
(538,708)

182,352
485,703
773,425
4,953,363
119,988
287,555
258,291
1,841,806
280,336
474,071
1,338,682
283,416
19,356
308,236
2,808,790
627,198

20,597,193

15,042,567

$
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

$

2,000,033
4,751,149
9,422,416
78,492,197
1,462,078
3,837,779
2,999,309
26,635,143
2,925,427
6,945,436
25,946,316
(342,070)
87,954
4,102,009
37,458,221
3,456,923

$

1,894,110
4,082,639
6,118,410
66,999,641
1,172,121
3,001,089
2,353,045
24,222,007
2,887,554
5,258,684
41,707,693
2,545,636
81,624
4,090,861
27,227,725
4,837,130

$

2,000,033
4,751,149
9,422,416
68,019,710
1,462,078
3,837,779
2,999,309
26,635,143
2,925,427
6,945,436
25,410,915
(342,070)
87,954
4,102,009
27,633,779
3,456,923

$

10,472,487
535,400
9,824,442
-

287,719,443

210,180,319

198,479,970

189,347,990

20,832,330

47,984,830
6,295,331

37,499,603
4,993,781

35,034,282
4,251,590

32,238,288
4,993,781

5,261,314
-

54,280,161

42,493,383

39,285,872

37,232,069

5,261,314

980,679,674
567,051,944
-

787,542,184
457,289,528
-

724,890,504
407,340,344
-

785,847,368
455,595,561
-

1,694,816
1,693,967
-

1,547,731,618

1,244,831,712

1,132,230,847

1,241,442,930

3,388,783

Criminal Justice
3,516,388
551,930

3,176,218
459,882

4,068,318

3,636,100

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

74,141,187
42,680,468
-

66,109,355
32,890,610
-

116,821,654

98,999,966

Police
Fire
Other

Total Public Safety
Transportation

7,903,824
1,538,388
32,444,974
4,628,919

6,786,850
1,706,493
32,629,281
3,247,793

Street Transportation
Street Lighting
Aviation
Public Transit

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

94,878,889
9,942,398
343,721,479
312,959,655

91,839,257
9,648,269
327,011,956
276,760,934

84,623,151
9,942,398
262,436,012
312,959,655

10,255,738
81,285,467
-

46,516,105

44,370,418

Total Transportation

914,441,648

761,502,420

705,260,416

669,961,215

91,541,205

Community Development
7,861,376
13,894,433
1,875,436
3,808,247

6,725,910
11,136,429
1,703,828
3,940,005

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

74,577,317
132,764,868
25,855,094
36,155,123

67,787,265
100,590,536
18,266,226
30,410,780

74,577,317
132,288,946
20,979,171
36,155,123

475,922
4,875,923
-

27,439,492

23,506,173

Total Community Development

414,226,435

269,352,402

217,054,808

264,000,558

5,351,844

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

120,077,250
42,150,329
63,054,016
10,632,449
147,820,225
5,481,881
5,298,671

103,094,668
38,896,586
60,093,882
10,938,846
168,565,852
5,554,969
4,979,548

119,547,598
42,150,329
48,487,536
147,717,143
5,481,881
5,298,671

529,652
14,566,480
10,632,449
103,082
-

478,854,006

394,514,822

392,124,350

368,683,159

25,831,663

Community Enrichment
10,757,132
4,639,410
4,863,991
1,063,173
12,199,768
10,241
551,472

9,364,323
3,429,012
4,338,241
1,093,813
11,351,509
(13,270)
252,152

34,085,186

29,815,779

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
APRIL 30
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
$

39,231,218 $
19,281,648
14,683,329
2,509,292
366,830
168,481

46,414,294
21,220,723
13,458,985
1,777,979
284,404
87,701

76,240,799

83,244,084

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

$

384,794,661
186,155,625
149,931,909
34,196,885
3,214,221
768,598

$

354,625,998
168,228,930
140,054,232
30,185,541
3,687,599
512,822

$

257,092,214
114,143,522
142,448,576
25,102,255
3,214,221
768,598

$

127,702,447
72,012,103
7,483,333
9,094,630
-

918,862,929

759,061,899

697,295,123

542,769,385

216,292,514

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

10,558,615
19,296,557
83,750
12,358,078
521,937
2,524,719
465,625
10,743,521
5,640,001
314,521
14,320,826
10,478,184
906,193
12
500,000
14,815,499
9,510,235
27,500
267,858

48,398,134
14,219,677
1,772,925
7,461,154
715,104
2,527,269
276,458
9,198,131
9,278,597
204,313
25,738,679
14,464,603
906,193
1,772,427
500,000
34,705,676
13,595,071
44,167
267,858

10,558,615
19,296,557
83,750
12,358,078
521,937
2,524,719
465,625
10,743,521
5,640,001
314,521
14,320,826
10,478,184
906,193
12
500,000
14,815,499
9,510,235
27,500
267,858

-

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

113,333,632

186,046,435

113,333,632

-

62,947,995

30,923,032

Capital Improvement

1,776,896,584

516,633,241

329,416,376

516,633,241

-

-

-

Non-Departmental Grants

71,376,828

-

-

-

-

-

-

Vacancy Savings

(28,000,000)

-

-

-

-

-

Contingencies

$

400,050,103 $

340,441,818

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

4,311,903,831

$

3,897,194,197

$

3,943,404,178

$

368,499,653

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

$

902,484 $
17,088,263
53,901,968
1,030,894
52,713,739
132,222,515
7,762,972
52,194,863
11,283,653
2,399,033
668,256,841
156,595,628
26,713,000
17,759,000
9,528,912
516,206,676
6,001,000
389,792,281

$
10,391,155
12,590,233
5,404,870
23,776,376
8,628,516
14,058,133
764,889
724,838
75,203,503
64,179,244
27,509,379
8,357,398
4,574,151
71,399,538
104,466,963

26,052,972
16,898,306
1,627,743
26,664,400
3,018,716
4,889,327
662,323
1,143,811
74,544,484
29,638,023
2,577,547
12,453,597
1,576,119
42,324,699
93,672,355

$

$
17,088,263
32,875,714
20,044,385
119,057,634
7,162,972
44,057,688
5,988,553
2,399,033
36,850,000
129,872,565
26,713,000
4,285,198
515,949,670
226,133,532

10,391,155
11,994,468
1,298,955
19,382,493
8,628,516
10,355,183
764,889
724,838
55,822,893
27,509,379
1,771,426
71,280,280
83,545,394

$

902,484 $
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
5,243,714
257,006
6,001,000
163,658,749

595,765
4,105,915
4,393,883
3,702,950
75,203,503
8,356,352
8,357,398
2,802,725
119,258
20,921,569

$

902,484
6,697,108
41,311,735
1,030,894
47,308,869
108,446,139
(865,544)
38,136,730
10,518,764
1,674,195
593,053,338
92,416,384
(796,379)
9,401,602
4,954,761
444,807,138
6,001,000
285,325,318

$

2,122,533,722 $

432,034,664 $

337,744,422

$

1,188,658,207 $

303,475,346

$

933,875,515 $

128,559,319

$

1,690,499,058

$

$

1,194,244,623
45,705,232
38,134,630
380,016,677
632,177,319
2,290,278,481

$

4,412,812,203

$

$

310,581,103
16,741,822
14,034,821
149,185,721
194,713,690
685,257,158

$

1,117,291,822

$

$

32,342,062
110,960,026
17,058,986
94,229,229
75,452,084
330,042,388

$

234,286,116
8,935,232
14,373,212
133,919,809
196,724,008
588,238,377

58,698,328
8,125,448
3,872,057
54,456,733
88,005,330
$ 213,157,895

$

667,786,810

$ 1,776,896,584

$ 516,633,241

28

$

$

$

$

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

$

2,635,915,619

$

$

251,882,776
8,616,374
10,162,764
94,728,989
106,708,360
472,099,263

$

$

883,663,520
28,963,410
24,099,809
230,830,956
437,463,629
1,605,021,323

$

600,658,581

$

3,295,520,381

Bonds Authorized and Sold
As of APRIL 30
(dollars in thousands)
Authorized

Sold

Available

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

$

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

29,285
884,175

$

28,285
884,175

$

1,000
-

913,460

912,460

1,000

143,890

143,890

-

1,057,350

1,056,350

1,000

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

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

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

753,900

738,290

15,610

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

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

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

878,500

742,755

135,745

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

$

29

2,689,750

$

2,537,395

$

152,355