May 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

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

July 11, 2024

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

Citywide Expenditures

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Page

Performance Status

General Fund Total Operating Revenue

10

Better than Expected

Property Tax

11

Expected

Local Sales Tax

12

Better than Expected

Revenues by Source

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Monitor and Consider Taking Action

Governmental Funds

15

Monitor and Consider Taking Action

Aviation

16

Better than Expected

Water System

17

Monitor and Consider Taking Action

Wastewater

18

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

May YTD
Expenditures
1,158,429
1,214,849
1,293,589
1,454,532
1,628,415

Total General Fund

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

% of Annual
Expenditures
90.3%
88.6%
88.0%
89.6%
83.3%

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

$2,500,000
May 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 May are 12.0% 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

May YTD
Expenditures
116,998
136,410
143,335
163,710
194,452

General Government
Annual
% of Annual
Expenditures * Expenditures
95.0%
123,100
88.5%
154,211
88.5%
161,907
85.7%
190,945
82.9%
234,477

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

$300,000
$250,000

May 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 May are 18.8% 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

May YTD
Expenditures

Annual
Expenditures *

32,026
32,005
36,397
37,065
39,181

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

% of Annual
Expenditures
91.4%
88.5%
91.0%
87.5%
86.6%

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

$60,000
May YTD
Expenditures

$50,000
$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 May are 5.7% 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
May YTD
Expenditures

Annual
Expenditures *

801,172
826,661
870,725
989,981
1,091,384

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

% of Annual
Expenditures
89.7%
89.3%
87.7%
91.4%
89.3%

$1,500,000
May 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 May are 10.2% 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

May YTD
Expenditures

Annual
Expenditures *

18,399
21,169
21,788
23,396
22,682

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

% of Annual
Expenditures
93.2%
95.6%
94.1%
94.2%
89.0%

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

$30,000
$25,000

May 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 May are 3.1% 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

May YTD
Expenditures

Annual
Expenditures *

20,842
21,877
25,711
27,753
33,034

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

% of Annual
Expenditures
92.5%
90.7%
91.1%
85.6%
83.8%

$50,000
May 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 May are 19.0% 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
91.4%
86.2%
88.8%
87.6%
86.4%

$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

May YTD
Expenditures

Annual
Expenditures *

142,111
136,733
154,270
167,175
197,039

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

May 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 May are 17.9%
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

May YTD
Expenditures

Annual
Expenditures *

16,936
18,892
23,936
21,810
28,880

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

% of Annual
Expenditures
88.3%
90.4%
90.3%
77.0%
75.0%

$50,000
May 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

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 May are 32.4% 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

May YTD
Expenditures
3,477,611
3,761,569
3,984,197
4,280,354
4,728,872

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

% of Annual
Expenditures
91.2%
90.4%
88.8%
90.3%
71.6%

* 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
May 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 May are 10.5%
higher than the same period in the prior fiscal year.

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

May YTD
Expenditures
144,723
185,982
157,836
215,207
229,366

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

% of Annual
Expenditures
92.1%
89.7%
66.1%
87.4%
79.7%

$400,000
May 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 May are 6.6% 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

May YTD
Expenditures
40,681
39,356
42,831
43,402
46,733

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

% of Annual
Expenditures
91.6%
89.1%
91.0%
87.8%
86.1%

$80,000
May 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 May are 7.7% 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
90.1%
89.9%
88.4%
91.4%
87.8%

$2,000,000

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

$0

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

May YTD
Expenditures
1,000,535
1,009,070
1,086,595
1,238,479
1,358,764

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

May 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 May are 9.7% higher than the same period in the prior fiscal year.

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

Transportation

May YTD
Expenditures
742,448
746,546
750,610
753,373
807,717

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

% of Annual
Expenditures
95.9%
94.9%
94.2%
95.0%
88.3%

$1,000,000
$800,000

May 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 May are 7.2% 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

May YTD
Expenditures
190,633
217,809
201,704
241,692
294,832

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

% of Annual
Expenditures
83.0%
88.8%
88.5%
89.4%
71.2%

$500,000
May 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 May are 22.0% 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

Community Enrichment
% of Annual
Expenditures
91.3%
89.3%
90.6%
95.7%
90.1%

$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

May YTD
Expenditures
289,202
348,984
380,922
430,667
431,249

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

May 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 May are 0.1%
higher than the same period in the prior fiscal year.

Environmental Services
% of Annual
Expenditures
91.9%
91.6%
92.1%
91.6%
90.1%

$1,000,000

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

$0

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

May YTD
Expenditures
636,305
673,357
692,593
760,253
828,135

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

May 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 May 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

May YTD
Expenditures
119,923
120,972
120,468
196,950
124,667

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

General Obligation Debt Service
% of Annual
Expenditures
91.7%
91.7%
91.9%
94.8%
91.1%

$240,000
May 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 May 2024 are 36.7% 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:

475,445

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

646,350

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

25,452

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

14,088

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)

$

$

379,853

Discussion:

203,130

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)

$

$

632,341

221,179

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

May 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

May YTD
Revenues
1,154,049
1,361,828
1,379,664
1,554,914
1,745,777

20-21

21-22

22-23

23-24

Annual
% of Annual
Revenues* Revenues
1,307,357
88.3%
1,491,537
91.3%
1,508,526
91.5%
1,695,886
91.7%
1,833,837
95.2%

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

Year to Date Performance Status
Better than Expected
Fiscal year 2023-24 general fund operating revenues are budgeted to increase 8.1% over prior year actuals. Actual revenues
through May are 12.3% higher than the same period in the prior fiscal year. Specific revenue sources are discussed on the
following pages.

10

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

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

131,092

126,148

240,000

119,973

115,069

107,555

118,839

Secondary

200,000

Primary

160,000
120,000
80,000

182,043

192,215

201,050

170,209

19-20

20-21

21-22

22-23

186,619

206,935

40,000
-

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
305,458
338,027

July
(1,141)
(1,619)
(1,490)
(1,541)
(1,819)
(1,678)

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

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

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
81,036
81,304

June
26,862
22,611
32,524
31,045
31,106

Primary
170,209
182,043
192,215
201,050
186,619
206,935

Secondary
107,555
115,069
119,973
126,148
118,839
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

May
35,239
40,197
72,938
85,884
50,079
67,844

YTD thru
May
448,321
492,374
597,875
640,690
657,150
631,136

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 May are 4.1% higher than budget
expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual budget. Monthly budget
amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through May fiscal year 2023-24 Local Sales Tax revenues increased 2.6% compared to the same period in prior year. For the fiscal year 2022-23 Local Sales Tax for the full year
increased 5.7% over fiscal year 2021-22. Fiscal year 2021-22 increased 17.8% over 2020-21 full year results.

12

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

State Sales Tax
Budget vs Actual
35,000
30,000
25,000

19-20 Actuals
20-21 Actuals

20,000

21-22 Actuals
22-23 Actuals

15,000

23-24 Actuals
23-24 Budget

10,000
5,000
July

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

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

Aug

Sept

Aug
14,944
14,482
18,124
15,064
17,702
18,427

Oct

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

Nov

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

Dec

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

Jan

Feb

Mar

Apr

May

June

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

May
11,288
17,998
15,952
15,244
24,370
17,799

YTD thru
May
166,605
188,444
212,486
225,708
240,689
233,444

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 May are 3.1% higher than budget
expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual budget. Monthly budget
amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through May fiscal year 2023-24 State Sales Tax revenues increased 6.6% 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

May
4,699
6,472
6,061
7,241
8,631
6,770

YTD thru
May
67,873
75,403
74,180
76,003
79,228
81,178

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 May are 2.4% 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 May fiscal year 2023-24 Vehicle License Tax revenues increased 4.2% compared to the same period in prior year. For the fiscal year 2022-23 Vehicle License Tax for
the full year increased 2.4% over fiscal year 2021-22. Fiscal year 2021-22 decreased 1.3% over 2020-21 full year results.

14

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

Governmental Funds Revenues
Budget vs Actual
600,000

500,000

19-20 Actuals
20-21 Actuals

400,000

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

300,000

23-24 Budget

200,000

100,000

-

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

July

Aug

Sept

Oct

Nov

Dec

Jan

Feb

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

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

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

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

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

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

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

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

June

May
226,625
277,929
320,064
419,779
347,769
399,467

YTD thru
May
2,175,469
2,558,973
2,617,975
2,857,650
3,176,955
3,268,225

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 May are 2.8% 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 May fiscal year 2023-24 Governmental Funds revenues increased 11.2% 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

May
23,524
30,668
46,367
46,926
55,891
41,004

YTD thru
May
June
351,643
10,702
299,352
91,844
417,780 155,860
461,556 112,245
553,368
425,460 103,048

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 May are
30.1% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2023-24 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2019-20 through fiscal year 2022-23 actual revenue.
Through May fiscal year 2023-24 Aviation Operating revenues increased 19.9% compared to the same period in prior year. For the fiscal year 2022-23 Aviation Operating revenues for
the full year increased 0.0% over fiscal year 2021-22. Fiscal year 2021-22 increased 46.6% over 2020-21 full year results.

16

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

Water System Operating Revenues
Budget vs Actual
90,000
80,000
70,000
60,000

19-20 Actuals

50,000

20-21 Actuals
21-22 Actuals

40,000

22-23 Actuals

30,000

23-24 Actuals

20,000

23-24 Budget

10,000
July

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

Aug

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

May
40,442
42,556
45,193
41,526
51,853
54,981

YTD thru
May
401,975
448,988
440,454
444,971
550,570
562,516

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 May are 2.1% 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 May fiscal year 2023-24 Water System Operating revenues increased 23.7% 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

May
23,948
20,085
22,296
23,607
26,894
24,786

YTD thru
May
234,370
237,320
248,885
246,447
273,207
266,512

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
May are 2.5% 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 May fiscal year 2023-24 Wastewater Operating revenues increased 10.9% 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 MAY 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

657,150 $
3,128

640,690
2,877

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

240,689
399,442
79,228
186,619
2,663
5,258

225,708
282,501
76,003
181,729
2,446
5,919

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

8,026
817
16,757
408
7,836
1,740
12,038

7,353
798
13,680
380
5,797
1,540
8,629

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

58,293
1,223
12,600
30,152
21,711

43,239
1,277
17,172
17,042
20,134

1,833,837

19

$

$

1,745,777

$

1,554,914

General Fund Expenditures
As of MAY 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

$

2,200 $
5,169
8,866
74,821
4,244
2,818
28,017
3,183
7,286
25,657
3,805
27,331
1,054
194,452

2,097
4,626
6,288
62,034
3,396
2,227
25,169
3,177
5,476
23,187
3,796
21,294
943
163,710

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

38,970
6,295
45,265

33,603
5,578
39,181

32,320
4,745
37,065

Public Safety
Police
Fire
Others
Total Public Safety

741,278
481,278
1,222,556

661,815
429,569
1,091,384

612,827
377,154
989,981

Transportation
Street Transportation
Public Transit
Total Transportation

25,473
25,473

22,679
3
22,682

21,506
1,890
23,396

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

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

7,828
17,453
5,824
1,929
33,034

6,637
15,216
3,913
1,987
27,753

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

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

112,810
44,630
31,187
8,411
197,039

97,520
40,846
21,002
7,807
167,175

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

36,023
1,789
715
38,527

26,826
1,444
609
28,880

20,136
1,069
605
21,810

Capital Improvement

121,532

21,764

23,642

Vacancy Savings

(28,000)

-

-

-

-

Contingencies

101,247

Total Expenditures and Encumbrances $

20

2,028,668

$ 1,628,415 $ 1,454,532

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 MAY 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

$

657,150 $
3,128

640,690
2,877

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

240,689
399,442
79,228
186,619
2,663
5,258
8,843
16,757
408
7,836
1,740
12,038
72,116
30,152
21,711

225,708
282,501
76,003
181,729
2,446
5,919
8,151
13,680
380
5,797
1,540
8,629
61,689
17,042
20,134

1,833,837

1,745,777

1,554,913

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

49,473
124,759
53,900
12,323
383,177
(502)
81,224
7,517
33,516
147,321
65,287
5,834
33,208
313,112
121,029

48,027
120,557
51,706
10,474
361,933
814
94,545
6,055
31,690
139,836
37,898
5,005
26,554
248,553
119,088

2,016,044

1,431,178

1,302,736

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

553,368
113,536
550,570
273,207
195,215

461,556
106,557
444,971
246,447
186,507

1,755,060

1,685,896

1,446,038

5,604,941

21

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

$ 4,862,850 $ 4,303,688

Citywide Operating Expenditures
As of MAY 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

194,452 $
34,914
229,366

163,710
51,497
215,207

45,265
9,015
54,280

39,181
7,552
46,733

37,065
6,337
43,402

Public Safety
General Funds
Other Funds
Total Public Safety

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

1,091,384
267,380
1,358,764

989,981
248,498
1,238,479

Transportation
General Funds
Other Funds
Total Transportation

25,473
888,969
914,442

22,682
785,035
807,717

23,396
729,977
753,373

Community Development
General Funds
Other Funds
Total Community Development

39,424
374,802
414,226

33,034
261,798
294,832

27,753
213,939
241,692

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

228,167
250,687
478,854

197,039
234,210
431,249

167,175
263,492
430,667

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,527
880,336
918,863

28,880
799,255
828,135

21,810
738,443
760,253

Debt Service
General Funds
Other Funds
Total Debt Service

136,900
136,900

124,667
124,667

196,950
196,950

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

21,764
585,643
607,407

23,642
376,689
400,331

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

1,628,416
3,100,454
4,728,872 $

$

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

$

$

1,454,532
2,825,822
4,280,354

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
MAY 31
2024
2023

Budget
Estimate
2023-2024

Source

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

General Funds
$

50,078,340
96,495
50,174,835

$

85,884,624
369

Local Taxes:
Sales Taxes
Privilege License Fees

$

699,157,051
3,005,450

$

657,149,633
3,127,758

$

640,690,292
2,876,633

85,884,993

Total Local Taxes

702,162,501

660,277,391

643,566,925

24,370,156
36,312,872
8,630,737

15,244,490
25,681,939
7,240,886

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

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

240,689,046
399,441,592
79,228,031

225,708,303
282,501,332
76,003,152

69,313,765

48,167,315

769,938,000

719,358,669

584,212,787

49,099,792

47,040,666

Primary Property Tax

206,935,000

186,619,165

181,728,557

314,331

(1)

Licenses and Permits

3,070,000

2,662,633

2,445,807

1,791,343

2,005,753

Cable Communications

8,000,000

5,257,876

5,919,285

697,163
82,073

Municipal Court:
Fines and Forfeitures
Court Default Fee

7,986,764
777,600

8,026,131
817,309

7,353,082
797,690

804,624
102,490
907,114

779,236

1,909,174

2,179,453

Total State Shared Taxes

Total Municipal Court
Police

8,764,364

8,843,440

8,150,772

14,511,088

16,756,994

13,680,048

24,527

20,655

Library Fees

438,376

407,820

380,332

519,588

614,044

Parks and Recreation

6,371,912

7,835,630

5,796,792

135,699

176,309

Planning and Development

1,810,900

1,740,174

1,539,604

513,687

410,613

Street Transportation

6,946,062

12,037,944

8,628,691

4,595,040
320,629
347,454

4,760,611
175,800
2,562,928

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

58,293,472
1,222,854
12,599,651

43,239,488
1,277,425
17,171,696

5,263,123

7,499,339

71,098,317

72,115,977

61,688,609

3,310,978

2,322,828

Interest

14,539,712

30,151,891

17,041,508

1,302,736

1,262,955

Other Fees and Service Charges

184,580,692

198,364,158

Total Fire

Total General Funds

19,250,440

21,711,144

20,133,572

1,833,836,672

1,745,776,748

1,554,913,289

Special Revenue and Debt Service Funds
2,959,346
211,383
1,056,910
63,748

4,344,569
310,326
1,551,631
60,822

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

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

34,141,247
2,438,661
12,193,303
699,762

33,200,362
2,371,454
11,857,272
598,067

4,291,387

6,267,348

Total Neighborhood Protection

53,787,674

49,472,973

48,027,155

8,082,095
2,498,784
39,152

11,307,429
3,326,571
34,773

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

94,415,362
29,547,551
796,131

91,535,770
28,563,099
458,421

10,620,031

14,668,773

136,966,216

124,759,044

120,557,290

4,745,659

6,560,869

56,272,960

53,899,887

51,706,397

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
MAY 31
2024
2023
$

982,928
451,076
28,122
89,544

$

Budget
Estimate
2023-2024

Source

842,386
388,397
13,494
48,565

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
$

7,996,870
3,544,749
213,007
568,615

$

6,701,469
3,205,768
96,560
470,525

1,551,670

1,292,842

Total Golf Courses

10,130,215

12,323,241

10,474,322

29,031,119
5,120,730

41,366,605
5,610,333

Transit 2000 & 2050:
Sales Taxes
Interest/Other

364,772,821
37,490,765

333,626,731
49,550,458

322,424,707
39,508,178

34,151,849

46,976,938

402,263,586

383,177,189

361,932,885

1,497,261

461,207

Court Awards

4,672,692

(501,873)

814,053

5,977,267

7,461,841

Planning and Development

84,311,300

81,223,633

94,544,718

667,379

854,981

Capital Construction

6,157,424

7,516,578

6,055,230

3,002,466
331,114

4,474,612
3,077,082

Sports Facilities:
Sales Taxes
Interest/Other

28,487,629
3,964,315

26,735,411
6,780,721

26,636,611
5,053,888

3,333,580

7,551,694

Total Sports Facilities

32,451,944

33,516,132

31,690,499

11,443,532
623,098
500,477

12,332,390
375,882
6,218

Highway User Revenue:
Highway User Revenue
Interest
Other

157,955,000
500,000
20,000

140,536,200
5,978,313
806,024

136,901,482
2,867,347
67,094

12,567,107

12,714,490

158,475,000

147,320,537

139,835,923

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

6,191,333

3,270,448

Regional Transit Revenues

82,428,550

65,286,563

37,897,576

648,502

1,337,589

Community Reinvestment

11,905,291

5,834,095

5,005,278

5,977,409

(1,322,454)

Other Restricted Fees

51,069,507

33,208,349

26,553,756

284,931
15,125,333
1,382,611

183,947
13,455,856
6,582,409

Grants:
Public Housing:
Rentals
Grants
Other

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

4,345,016
137,930,066
24,733,780

4,062,390
106,905,457
17,453,436

16,792,875

20,222,212

246,285,926

167,008,862

128,421,283

3,503,886
2,243,233
2,532,374
13,958,350

39,485,846
4,258,486
14,777,205
4,627,034

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

56,177,416
(12,065,064)
18,096,842
83,893,947

76,172,344
(10,737,044)
24,455,855
30,240,921

22,237,843

63,148,571

Total Other

543,927,695

146,103,141

120,132,076

39,030,718

83,370,783

Total Grants

790,213,621

313,112,003

248,553,359

31,936,145
-

30,252,988
(304,374)

131,092,075
3,846,046

118,839,126
2,190,119

114,423,929
4,664,099

31,936,145

29,948,614

Total G.O. Bond/Secondary Property Tax

134,938,121

121,029,245

119,088,028

163,187,297

221,415,963

Total Special Revenue and Debt Service Funds

2,016,044,101

1,431,177,596

1,302,736,469

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

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

24

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

Budget
Estimate
2023-2024

Source

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

Enterprise Funds
AVIATION:
$

11,857,775 $
40,225,890
2,420,504
41,042
354,241
357,006
634,594

9,356,041
34,761,848
1,318,512
362,925
319,384
354,733
452,819

55,891,052

46,926,262

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

$

125,816,717
372,687,207
28,747,837
12,183,775
3,545,884
4,001,401
6,385,366

$

100,365,563
342,594,395
9,256,395
(954,157)
3,191,073
3,622,833
3,479,999

528,508,178

553,368,187

461,556,101

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

78,653,253
29,536,274
5,346,557

78,349,235
26,133,409
2,073,962

112,997,776

113,536,084

106,556,606

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

469,415,042
2,456,563
7,635,481
9,721,970
5,449,676
12,141,260
43,749,626

400,979,705
2,584,863
6,880,949
8,731,928
6,495,660
6,698,911
12,598,985

627,172,019

550,569,618

444,971,001

CONVENTION CENTER:
7,192,089
2,994,621
623,056

10,568,489
2,976,510
334,037

10,809,766

13,879,036

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER SYSTEM:

47,245,653
247,504
556,289
2,168,448
231,600
1,085,583
317,422

37,684,765
261,728
456,236
762,543
426,780
735,290
1,198,738

51,852,499

41,526,080

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

21,233,617
1,911,859
212,280
1,185,239
2,350,622

17,304,040
1,855,400
455,010
802,066
3,191,183

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

211,189,626
21,097,090
5,188,500
11,813,875
23,917,798

188,014,131
20,226,262
6,214,530
6,413,860
25,578,566

26,893,617

23,607,699

Total Wastewater

289,187,794

273,206,889

246,447,349

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

168,921,344
14,127,715
1,759,698
10,406,040

163,826,506
12,385,441
1,177,746
9,117,710

197,194,295

195,214,797

186,507,403

1,755,060,062

1,685,895,575

1,446,038,460

SOLID WASTE:

$

15,620,184
1,770,138
162,774
1,043,741

15,136,046
1,313,917
154,174
408,237

18,596,837

17,012,374

164,043,771

142,951,451

511,811,760

$

562,731,572

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

$

25

5,604,940,835

$

4,862,849,919

$

4,303,688,218

Citywide Operating Expenditures by Program
For the Month Ended
MAY 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
$

199,821 $
418,323
1,156,275
8,635,108
102,242
417,830
290,535
2,671,649
257,546
341,158
1,770,190
227,248
12,876
(296,874)
2,405,218
576,451

202,824
543,416
1,000,920
5,821,893
150,112
572,245
292,155
2,514,763
289,743
217,514
2,199,742
(2,677,185)
16,201
(295,066)
5,564,729
312,525

19,185,597

16,726,531

$
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

$

2,199,854
5,169,472
10,578,692
87,127,305
1,564,320
4,255,610
3,289,844
29,306,793
3,182,973
7,286,594
27,716,506
(114,823)
100,829
3,805,135
39,863,439
4,033,374

$

2,096,933
4,626,055
7,119,330
72,821,534
1,322,233
3,573,334
2,645,199
26,736,770
3,177,297
5,476,199
43,907,435
(131,549)
97,825
3,795,795
32,792,454
5,149,655

$

2,199,854
5,169,472
10,578,692
75,607,742
1,564,320
4,255,610
3,289,844
29,306,793
3,182,973
7,286,594
27,127,566
(114,823)
100,829
3,805,135
29,056,850
4,033,374

$

11,519,563
588,940
10,806,589
-

287,719,443

229,365,916

215,206,501

206,450,824

22,915,092

47,984,830
6,295,331

41,155,398
5,578,075

38,656,371
4,745,132

35,368,060
5,578,075

5,787,338
-

54,280,161

46,733,473

43,401,503

40,946,135

5,787,338

980,679,674
567,051,944
-

861,994,774
496,769,450
-

794,083,365
444,395,492
-

860,130,693
494,906,086
-

1,864,081
1,863,364
-

1,547,731,618

1,358,764,224

1,238,478,857

1,355,036,779

3,727,445

Criminal Justice
3,655,795
584,294

3,622,089
493,542

4,240,090

4,115,631

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

74,452,590
39,479,922
-

69,192,861
37,055,148
-

113,932,512

106,248,010

Police
Fire
Other

Total Public Safety
Transportation

7,720,941
893,070
33,896,685
3,704,023

8,106,377
755,143
35,209,807
4,041,407

Street Transportation
Street Lighting
Aviation
Public Transit

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

102,599,830
10,835,467
377,618,164
316,663,678

99,945,634
10,403,412
362,221,763
280,802,341

91,949,190
10,835,467
288,146,490
316,663,678

10,650,640
89,471,674
-

46,214,719

48,112,734

Total Transportation

914,441,648

807,717,140

753,373,151

707,594,826

100,122,314

Community Development
7,852,126
13,587,327
1,200,891
2,839,203

6,861,699
12,088,858
2,649,944
3,036,699

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

82,429,442
146,352,196
27,055,985
38,994,327

74,648,964
112,679,394
20,916,171
33,447,480

82,429,442
145,828,682
21,692,542
38,994,327

523,514
5,363,443
-

25,479,548

24,637,201

Total Community Development

414,226,435

294,831,950

241,692,009

288,944,993

5,886,957

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

132,454,035
45,832,795
70,095,573
11,695,622
159,722,688
5,623,695
5,824,987

113,782,375
42,315,400
63,978,114
12,032,658
187,388,082
5,805,342
5,365,324

131,871,418
45,832,795
54,072,793
159,609,298
5,623,695
5,824,987

582,617
16,022,780
11,695,622
113,390
-

478,854,006

431,249,396

430,667,296

402,834,986

28,414,410

Community Enrichment
12,376,785
3,682,465
7,041,557
1,063,173
11,902,463
141,814
526,316

10,687,707
3,418,814
3,884,232
1,093,813
18,822,230
250,373
385,776

36,734,574

38,542,946

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
MAY 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
$

30,099,502 $
20,371,958
15,320,776
2,659,771
495,705
125,814

30,320,137
14,431,847
15,188,390
2,414,834
446,212
156,956

69,073,526

62,958,376

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

$

414,894,163
206,527,583
165,252,685
36,856,655
3,709,925
894,412

$

384,946,135
182,660,777
155,242,622
32,600,375
4,133,811
669,778

$

275,340,053
126,633,610
157,021,019
26,852,699
3,709,925
894,412

$

139,554,109
79,893,973
8,231,667
10,003,956
-

918,862,929

828,135,424

760,253,499

590,451,720

237,683,705

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

11,614,477
21,226,212
92,125
13,593,886
574,131
2,777,191
512,188
11,817,873
6,204,001
345,973
15,752,908
11,526,003
996,812
92
550,000
16,297,049
10,461,258
30,250
294,643

50,351,057
15,640,243
1,949,237
8,099,817
767,115
2,710,278
304,104
9,741,129
9,863,432
224,744
27,241,335
15,517,708
996,812
1,772,443
550,000
36,294,979
14,584,493
46,583
294,643

11,614,477
21,226,212
92,125
13,593,886
574,131
2,777,191
512,188
11,817,873
6,204,001
345,973
15,752,908
11,526,003
996,812
92
550,000
16,297,049
10,461,258
30,250
294,643

-

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
80
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
16
50,000
1,589,303
989,422
2,417
26,786

11,333,442

10,903,716

Total Debt Service

136,900,375

124,667,074

196,950,151

124,667,074

-

90,773,748

70,914,386

Capital Improvement

1,776,896,584

607,406,989

400,330,761

607,406,989

-

-

-

Non-Departmental Grants

71,376,828

-

-

-

-

-

-

Vacancy Savings

(28,000,000)

-

-

-

-

-

Contingencies

$

416,967,754 $

383,159,531

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

4,728,871,585

$

4,280,353,728

$

4,324,334,325

$

404,537,260

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

$

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

$
10,417,584
15,280,918
1,030,894
6,130,814
26,074,495
8,753,957
14,427,998
828,307
737,590
81,903,427
73,815,284
27,827,590
8,357,398
4,468,598
82,251,706
113,132,631

26,083,194
23,474,537
1,501,024
20,348,081
27,607,362
12,143,313
5,672,648
948,743
1,162,815
81,369,687
33,132,887
2,584,878
12,453,597
1,661,286
45,322,100
113,161,814

$

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

$

2,122,533,722 $

475,444,668 $

408,627,964

$

1,188,658,207

$

$

1,194,244,623
45,705,232
38,134,630
379,852,677
632,341,319
2,290,278,481

$

4,412,812,203

$

$

646,349,912
25,452,024
14,087,705
203,129,577
221,178,532
1,110,197,750

$

1,585,642,418

$

$

$

$

2023-2024 Year-to-Date Capital Amounts
From Capital Funds
Actual
Budget
10,417,584
14,504,514
1,603,920
21,358,394
8,753,957
10,724,024
828,056
737,590
64,515,470
27,827,590
1,721,709
82,132,448
91,279,960

$

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

776,404
1,030,894
4,526,894
4,716,101
3,703,974
251
81,903,427
9,299,814
8,357,398
2,746,889
119,258
21,852,671

$

902,484
6,670,679
38,621,050
46,582,926
106,148,020
(990,985)
37,766,865
10,455,346
1,661,443
586,353,414
82,780,344
(1,114,590)
9,401,602
5,060,314
433,954,970
6,001,000
276,659,650

336,410,692

$

933,875,515 $

139,033,975

$

1,647,089,054

$

38,807,126
111,539,945
22,126,452
104,879,519
98,727,375
376,080,417

$

234,286,116
8,935,232
14,373,212
133,755,809
196,888,008
588,238,377

60,104,904
7,250,021
3,905,083
69,681,457
130,054,831
$ 270,996,296

$

784,708,381

$ 1,776,896,584

$ 607,406,989

28

Unencumbered
Budget

Actual

$

$

$

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

$

2,635,915,619

$

$

586,245,008
18,202,003
10,182,622
133,448,119
91,123,701
839,201,454

$

$

547,894,711
20,253,208
24,046,925
176,723,100
411,162,787
1,180,080,731

$

978,235,429

$

2,827,169,785

Bonds Authorized and Sold
As of MAY 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