September 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

September 30, 2024
To the Mayor and City Council:
This is the City's Financial Report for September, the third month of fiscal year 2024-25.
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

Joe Jatzkewitz
Assistant Finance Director/City Treasurer

March 5, 2025

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) September 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 October 7, 2024.
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
September 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

Monitor and Consider Taking Action

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

Expected

Property Tax

11

Expected

Local Sales Tax

12

Better than Expected

Revenues by Source

State Sales Tax

13

Monitor and Consider Taking Action

Vehicle License Tax

14

Monitor and Consider Taking Action

Governmental Funds

15

Better than Expected

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
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
355,060
392,207
441,979
535,347
538,266

Total General Fund

Annual
Expenditures *
1,371,152
1,470,251
1,623,808
1,844,878
1,982,884

% of Annual
Expenditures
25.9%
26.7%
27.2%
29.0%
27.1%

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

$2,500,000
September YTD
Expenditures

$2,000,000
$1,500,000
$1,000,000

Annual
Expenditures *

$500,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

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 2024-25 budgeted general fund expenditures are 7.5% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund
expenditures through September are 0.5% higher than the same period in fiscal year 2023-24. The increase is due to higher personal services (i.e., salaries, benefits, etc.) and
professional services in fiscal year 2024-25.
General fund expenditures increased 13.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 10.4% from 2022-23 over 2021-22 and an increase of 7.2%
from 2021-22 over 2020-21 fiscal results.

General Government
Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
39,821
44,696
51,836
67,809
74,153

General Government
Annual
% of Annual
Expenditures * Expenditures
25.8%
154,211
27.6%
161,907
27.1%
190,945
30.2%
224,802
29.2%
254,259

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

$300,000
$250,000

September YTD
Expenditures

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

Annual
Expenditures *

$50,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

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 2024-25 budgeted general fund expenditures are 13.1% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25
actual general fund expenditures through September are 9.4% higher than the same period in fiscal year 2023-24. The largest driver accounting for increase year-over-year is Human
Resource's $4.2 million charge for the Firefighters Cancer Reimbursement Fund Assessment.
General fund expenditures increased 17.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 17.9% from 2022-23 over 2021-22 and an increase of 5.0%
from 2021-22 over 2020-21 fiscal results.

Criminal Justice
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Criminal Justice

September
YTD
Expenditures

Annual
Expenditures *

9,455
10,176
10,963
11,914
12,023

36,162
40,008
42,361
43,661
47,381

% of Annual
Expenditures
26.1%
25.4%
25.9%
27.3%
25.4%

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

$50,000
September YTD
Expenditures

$40,000
$30,000

Annual
Expenditures *

$20,000
$10,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Criminal Justice expenditures include costs for Municipal Courts and Public Defenders. Fiscal year 2024-25 budgeted general fund expenditures are 8.5% higher than the fiscal year
2023-24 actuals. Fiscal year 2024-25 actual general fund expenditures through September are 0.9% higher than the same period in fiscal year 2023-24.
General fund criminal justice expenditures increased 3.1% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 5.9% from 2022-23 over 2021-22 and an
increase of 10.6% from 2021-22 over 2020-21 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
20-21
21-22
22-23
23-24
24-25

Public Safety

September
YTD
Expenditures

Annual
Expenditures *

243,169
264,946
292,087
352,296
338,552

925,920
992,648
1,082,562
1,230,311
1,248,049

% of Annual
Expenditures
26.3%
26.7%
27.0%
28.6%
27.1%

$1,500,000
September 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
20-21

Better than Expected

21-22

22-23

23-24

24-25

Public Safety expenditures include costs for police and fire services. The anticipated increases are due to higher personal service expenditures for public safety employees in both the
Police and Fire Departments, which includes City pension contributions. Fiscal year 2024-25 budgeted general fund public safety expenditures are 1.4% higher than the fiscal year
2023-24 actuals. Fiscal year 2024-25 actual general fund public safety expenditures through September are 3.9% lower than the same period in fiscal year 2023-24.
General fund public safety expenditures increased 13.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 9.1% from 2022-23 over 2021-22 and an
increase of 7.2% from 2021-22 over 2020-21 fiscal results.

Transportation
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Transportation

September
YTD
Expenditures

Annual
Expenditures *

1,216
1,141
7,863
6,337
5,807

22,144
23,166
24,827
25,006
25,252

% of Annual
Expenditures
5.5%
4.9%
31.7%
25.3%
23.0%

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

$30,000
$25,000
September YTD
Expenditures

$20,000
$15,000
$10,000

Annual
Expenditures *

$5,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

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 2024-25 budgeted general fund transportation expenditures are 1.0% higher
than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund transportation expenditures through September are 8.4% lower than the same period in fiscal year 202324.
General fund transportation expenditures increased 0.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 7.2% from 2022-23 over 2021-22 and an
increase of 4.6% from 2021-22 over 2020-21 fiscal results.

Community Development

Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
6,036
6,892
7,860
8,849
10,709

Community Development
Annual
Expenditures *
24,114
28,225
32,420
37,484
41,362

% of Annual
Expenditures
25.0%
24.4%
24.2%
23.6%
25.9%

$50,000
September 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
20-21

Monitor and Consider Taking Action

21-22

22-23

23-24

24-25

Community Development expenditures include costs for economic development and neighborhood services. The fiscal year 2024-25 budgeted general fund community development
expenditures are 10.3% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund community development expenditures through September are 21.0%
higher than the same period in fiscal year 2023-24.
General fund community development expenditures increased 15.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 14.9% from 2022-23 over 2021-22
and an increase of 17.0% from 2021-22 over 2020-21 fiscal results.

2

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
September
YTD
Expenditures
48,558
53,800
60,906
70,152
71,018

Community Enrichment
% of Annual
Expenditures
30.6%
31.0%
31.9%
31.8%
30.0%

$250,000

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

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

Annual
Expenditures *
158,589
173,631
190,780
220,465
236,705

September YTD
Expenditures

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

Annual
Expenditures *

$50,000
20-21

21-22

22-23

23-24

24-25

Better than Expected
Community enrichment expenditures include costs for parks, recreational activities, senior centers and community centers. Fiscal year 2024-25 budgeted general fund community
enrichment expenditures are 7.4% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund community enrichment expenditures through September are
1.2% higher than the same period in fiscal year 2023-24. The anticipated increase is due to higher contractual services related to parking management services in fiscal year 2024-25.

General fund community enrichment expenditures increased 15.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 9.9% from 2022-23 over 2021-22 and
an increase of 9.5% from 2021-22 over 2020-21 fiscal results.

Environmental Services

Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
5,916
7,920
7,993
12,582
14,996

Environmental Services
Annual
Expenditures *
20,905
26,508
28,329
29,088
38,051

% of Annual
Expenditures
28.3%
29.9%
28.2%
43.3%
39.4%

$40,000
September 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
20-21

Better than Expected

21-22

22-23

23-24

24-25

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 2024-25 budgeted general fund environmental services expenditures are 30.8% higher than the fiscal year 2023-24 actuals. Fiscal
year 2024-25 actual general fund environmental service expenditures through September are 19.2% higher than the same period in fiscal year 2023-24.

General fund environmental expenditures increased 2.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 6.9% from 2022-23 over 2021-22 and an
increase of 26.8% from 2021-22 over 2020-21 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
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
1,132,651
1,394,754
1,509,030
1,578,087
1,586,966

Total Citywide
Annual
Expenditures *
4,163,122
4,488,949
4,737,610
5,258,576
7,027,470

% of Annual
Expenditures
27.2%
31.1%
31.9%
30.0%
22.6%

* 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
September YTD
Expenditures

$6,000,000
$4,000,000

Annual
Expenditures *

$2,000,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

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. Without contingencies and vacancy savings, and including programs budgeted for ARPA the budget for fiscal year 2024-25 anticipates an increase of 33.6% over
fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through September are 0.6% higher than the same period in the prior fiscal year.

General Government
Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
53,759
47,890
84,614
76,132
82,884

General Government
Annual
Expenditures *
207,451
238,925
246,244
264,112
308,599

% of Annual
Expenditures
25.9%
20.0%
34.4%
28.8%
26.9%

$400,000
September
YTD
Expenditures

$300,000
$200,000

Annual
Expenditures *

$100,000

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

$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

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 2024-25 anticipates an increase of 16.8% over fiscal year 2023-24 actuals in total operating
expenditures. Actual expenditures through September are 8.9% higher than the same period in the prior fiscal year.

Criminal Justice
Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
11,662
11,944
12,753
13,991
13,724

Criminal Justice
Annual
Expenditures *
44,147
47,054
49,422
51,475
56,360

% of Annual
Expenditures
26.4%
25.4%
25.8%
27.2%
24.4%

$80,000
September YTD
Expenditures

$60,000
$40,000

Annual
Expenditures *

$20,000

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

$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s Office. Citywide criminal justice budget for fiscal year 2024-25 anticipates an
increase of 9.5% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through September are 1.9% lower 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
September
YTD
Expenditures
295,089
330,645
376,428
440,361
426,821

Public Safety
% of Annual
Expenditures
26.3%
26.9%
27.8%
29.6%
27.6%

$2,000,000

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

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

Annual
Expenditures *
1,122,901
1,228,901
1,354,421
1,487,934
1,545,522

September YTD
Expenditures

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

Annual
Expenditures *

$400,000
20-21

21-22

22-23

23-24

24-25

Better than Expected
Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety budget for fiscal year 2024-25 anticipates an increase of 3.9%
over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through September are 3.1% lower than the same period in the prior fiscal year.

Transportation
Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
320,100
402,672
391,017
367,092
317,087

Transportation
Annual
Expenditures *
786,597
797,084
792,941
853,535
996,750

% of Annual
Expenditures
40.7%
50.5%
49.3%
43.0%
31.8%

$1,000,000
September
YTD
Expenditures

$800,000
$600,000
$400,000

Annual
Expenditures *

$200,000

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

$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Transportation expenditures include costs for street lighting, maintenance and repair, Aviation and Public Transit. Citywide transportation budget for fiscal year 2024-25
anticipates an increase of 16.8% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through September are 13.6% lower 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
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
61,899
56,056
61,478
77,491
84,899

Community Development
Annual
Expenditures *
245,310
227,960
270,479
327,281
456,376

% of Annual
Expenditures
25.2%
24.6%
22.7%
23.7%
18.6%

$500,000
September 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
20-21

Better than Expected

21-22

22-23

23-24

24-25

Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development budget
for fiscal year 2024-25 anticipates an increase of 39.4% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through September are 9.6%
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
September
YTD
Expenditures
116,595
124,178
143,375
174,557
162,732

Community Enrichment
% of Annual
Expenditures
29.8%
29.5%
31.8%
36.8%
32.1%

$600,000

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

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

Annual
Expenditures *
390,805
420,501
450,218
474,707
506,331

September YTD
Expenditures

$450,000
$300,000

Annual
Expenditures *

$150,000

20-21

21-22

22-23

23-24

24-25

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 2024-25 anticipates an increase of 6.7% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through September are
6.8% lower than the same period in the prior fiscal year.

Environmental Services
September
YTD
Expenditures
199,645
212,806
220,285
250,970
246,044

Environmental Services
% of Annual
Expenditures
27.2%
28.3%
26.5%
28.0%
22.4%

$1,250,000

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

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

Annual
Expenditures *
734,733
752,386
830,101
897,028
1,096,874

September YTD
Expenditures

$1,000,000
$750,000
$500,000

Annual
Expenditures *

$250,000
20-21

21-22

22-23

23-24

24-25

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 2024-25 anticipates an increase of 22.3% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures
through September are 2.0% lower than the same period in the prior fiscal year.

Citywide Debt Service Expenditures
Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Expenditures
33,219
32,855
109,353
34,000
34,308

Annual
Expenditures *
131,938
131,081
207,854
136,000
144,556

General Obligation Debt Service
% of Annual
Expenditures
25.2%
25.1%
52.6%
25.0%
23.7%

$240,000
September 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
20-21

21-22

22-23

23-24

24-25

Better than Expected
General obligation debt service expenditures budget for fiscal year 2024-25 has a increase of 6.3% over fiscal year 2023-24 actuals in total operating expenditures. Actual
debt service expenditures through September 2024 are 0.9% higher than the same period in the prior fiscal year. Increases in fiscal year 2022-23 include a $75 million partial
defeasance of General Obligation Refunding Bonds, Series 2014, and a $60 million pay-off of the Excise Tax Revenue Obligations Loan that was used to purchase the 100
W. Washington Street Building.

6

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

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

20-21

General Government $ 684,798

21-22

22-23

23-24

24-25 (Budget)

24-25 (YTD)

$ 525,852

$ 494,744

$ 576,065

$ 2,018,055

$

156,170

Discussion:
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.

General Government
24-25 (YTD)

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.

24-25 (Budget)

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.

21-22

23-24
22-23

20-21
$0

$500

$1,000

$1,500

$2,000

$2,500

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.
Major projects budgeted for in fiscal year 2024-25 include $213 million for major streets and bridges projects, $184 million to purchase standard buses, design first and
second corridors Bus Rapid Transit, $131 million for Light Rail extension, construction, right-of-way and acquisition of property, $50 million to acquire parcels along the
Capitol and I-10 corridor, and $23 million for affordable housing construction. Additionally, there is $123 million in contingency budget for undetermined capital
expenditures.

20-21

Aviation $ 172,418

21-22

22-23

23-24

24-25 (Budget)

24-25 (YTD)

$ 115,395

$ 134,479

$ 695,968

$ 1,168,847

$

221,155

Discussion:
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.

Aviation
24-25 (YTD)

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.

24-25 (Budget)
23-24

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.

22-23
21-22
20-21
$0

$500

$1,000

$1,500

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.
Major projects budgeted for in fiscal year 2024-25 include $118 million for Terminal 4 infrastructure modernization, $69 million for design and construction of Terminal 3
North 2 new apron, $68 million for design and construction of new Crossfield Taxiway U, $9 million for bus route preparation and relocation of C-Point and Access Gate,
and $5 million for West Air Cargo Building C modifications. Additionally, the City budgets $362 million in contingencies for the Airport Development Plan.

7

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

20-21

Phoenix Convention Center $ 31,640

21-22

22-23

23-24

$ 84,751

$ 112,717

$ 29,306

24-25 (Budget)

24-25 (YTD)

$

$

68,470

3,445

Discussion:
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.

Phoenix Convention Center
24-25 (YTD)
24-25 (Budget)
23-24

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.

22-23

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.

20-21

21-22

$0

$50

$100

$150

Major projects budgeted for in fiscal year 2024-25 include $55 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

20-21

Solid Waste $

8,796

21-22

22-23

23-24

$ 28,986

$ 22,723

$ 15,838

24-25 (Budget)

24-25 (YTD)

$

$

34,708

10,110

Discussion:
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.

Solid Waste
24-25 (YTD)
24-25 (Budget)

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.

23-24
22-23

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.

21-22
20-21
$0

$15

$30

$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.
Major projects budgeted for in fiscal year 2024-25 include $17 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 and North Gateway Material Recovery Facilities, and $6 million for vehicle replacement. Additionally, the City budgets $2 million
for unexpected expenditures.

8

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

20-21

Wastewater $ 77,339

21-22

22-23

23-24

$182,710

$ 147,620

$261,604

24-25 (Budget)

24-25 (YTD)

$

$

644,440

318,625

Discussion:
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.

Wastewater
24-25 (YTD)

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.

24-25 (Budget)
23-24
22-23
21-22

Major projects budgeted for in fiscal year 2022-23 included $20 million on growthrelated 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.

20-21
$0

$200

$400

$600
$800
Thousands

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.
Major projects budgeted for in fiscal year 2024-25 include $285 million to rehabilitate equipment at Cave Creek, $61 million to replace and rehabilitate Plant 2
equipment at 91st Ave, $12 million to rehabilitate or replace large diameter sewers, and $9 million to rehabilitate small diameter sewers Citywide. Additionally, the City
has budgeted $56 million for contingencies.

20-21

Water $ 434,000

21-22

22-23

23-24

$ 205,485

$ 152,431

$336,287

24-25 (Budget)

24-25 (YTD)

$

$

628,983

21,287

Discussion:
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.

Water
24-25 (YTD)

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.

24-25 (Budget)
23-24
22-23
21-22
20-21
$0

$200

$400

$600

$800

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.
Major projects budgeted for in fiscal year 2024-25 include $55 million water service assessment replacements, $42 million for aquifer water storage, $41 million for
infrastructure construction in the Northern/Southern development impact fee area, $37 million to design and construct new groundwater supply wells, and $27 million
for design and construction improvements at the Val Vista Water Treatment Plant. Additionally, the City budgets $64 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
$2,400,000
$2,000,000

September YTD Revenues

$1,600,000
$1,200,000
$800,000
Annual Revenues*

$400,000
$0
20-21

Fiscal Year
20-21
21-22
22-23
23-24
24-25

September
YTD
Revenues
364,966
318,115
361,278
425,035
414,274

21-22

22-23

23-24

24-25

Annual
% of Annual
Revenues* Revenues
1,491,537
24.5%
1,508,526
21.1%
1,695,886
21.3%
1,905,441
22.3%
1,843,609
22.5%

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

Year to Date Performance Status
Expected
Fiscal year 2024-25 general fund operating revenues are budgeted to decrease -3.2% over prior year actuals. Actual revenues
through September are 2.5% lower 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

240,000

138,549

131,014

280,000
126,148

119,973

115,069

Secondary

200,000

Primary

160,000
120,000
80,000

182,043

192,215

201,050

206,393

20-21

21-22

22-23

23-24

215,419

40,000
465
709
24-25 YTD

-

Fiscal Year
20-21
21-22
22-23
23-24
24-25 YTD
24-25 Budget

Total
297,112
312,188
327,198
337,407
1,174
353,968

July
(1,619)
(1,490)
(1,541)
(1,819)
(1,652)
(1,758)

Aug
1,541
1,141
1,275
1,291
1,714
1,343

Sept
1,288
1,040
1,357
1,182
1,112
1,297

Oct
21,550
24,048
29,752
28,607
29,862

Nov
89,520
101,285
98,119
115,096
113,968

Dec
38,512
33,534
39,943
30,724
37,760

Jan
15,608
18,086
16,279
16,818
18,548

Feb
6,612
6,889
7,687
8,164
8,240

Mar
9,456
8,972
10,370
11,181
11,061

Apr
15,171
15,063
15,618
13,178
15,894

24-25 Budget

May
76,862
71,096
77,294
81,036
83,139

June
22,611
32,524
31,045
31,949
34,614

Primary Secondary
182,043
115,069
192,215
119,973
201,050
126,148
206,393
131,014
709
465
215,419
138,549

Note: Monthly budget amount for 24-25 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 4.9% in fiscal year 2024-25 over fiscal year 2023-24 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

20-21 Actuals
21-22 Actuals

50,000

22-23 Actuals

40,000

23-24 Actuals
24-25 Actuals

30,000

24-25 Budget
20,000
10,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
41,583
44,048
43,479
65,562
60,143
54,043

Sept

Aug
59,937
61,805
67,368
40,693
57,344
63,796

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
Sept
September
33,935
135,455
147,369
41,516
157,586
46,739
168,019
61,764
196,572
79,085
168,907
51,068

Oct
45,467
50,734
81,273
77,291
70,726

Nov
52,188
60,971
35,837
51,239
55,587

Dec
39,837
53,633
59,276
62,777
59,832

Jan
42,051
70,197
70,667
62,496
68,129

Feb
32,672
42,535
54,420
52,116
50,454

Mar
63,749
44,740
52,376
59,547
61,189

Apr
40,758
54,758
43,371
73,586
58,985

May
40,197
72,938
85,884
50,079
69,152

June
67,088
61,286
56,272
69,733
70,618

Year to Date Performance Status
Better than Expected
Local Sales Tax for fiscal year 2024-25 are budgeted to increase 0.9% over fiscal year 2023-24 actual results. Year-to-date Local Sales Tax through September are 16.4% higher than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget. Monthly
budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through September fiscal year 2024-25 Local Sales Tax revenues increased 17.0% compared to the same period in prior year. For the fiscal year 2023-24 Local Sales Tax for the full
year increased 4.3% over fiscal year 2022-23. Fiscal year 2022-23 increased 5.7% over 2021-22 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

20-21 Actuals
21-22 Actuals

20,000

22-23 Actuals
23-24 Actuals

15,000

24-25 Actuals
24-25 Budget

10,000
5,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

July
22,912
26,539
28,422
31,080
29,285
30,682

Aug

Sept

Aug
14,482
18,124
15,064
17,702
22,327
18,409

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
Sept
September
13,123
50,517
16,285
60,948
22,937
66,423
21,440
70,222
17,301
68,913
20,779
69,870

Oct
18,038
18,259
18,918
17,613
20,509

Nov
13,095
15,097
17,357
24,288
19,667

Dec
19,640
23,860
22,501
21,627
24,677

Jan
19,033
22,364
20,469
20,707
23,253

Feb
10,831
12,163
19,205
21,264
17,872

Mar
15,878
18,738
22,501
20,978
21,992

Apr
23,414
25,105
23,090
19,620
25,691

May
17,998
15,952
15,244
24,370
20,716

June
12,848
17,415
16,105
8,815
15,540

Year to Date Performance Status
Monitor and Consider Taking Action
State Sales Tax for fiscal year 2024-25 are budgeted to increase 4.1% over fiscal year 2023-24 actual results. Year-to-date State Sales Tax through September are 1.4% lower than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget. Monthly
budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through September fiscal year 2024-25 State Sales Tax revenues decreased 1.9% compared to the same period in prior year. For the fiscal year 2023-24 State Sales Tax for the full year
increased 3.2% over fiscal year 2022-23. Fiscal year 2022-23 increased 5.2% over 2021-22 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
12,000

10,000
20-21 Actuals
8,000

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

6,000

24-25 Actuals
24-25 Budget

4,000

2,000

July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
10,098
10,453
10,826
10,796
10,953
11,252

Sept

Aug
7,692
5,328
5,739
5,974
7,401
6,599

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
Sept
September
6,207
23,997
6,363
22,144
6,274
22,839
6,936
23,706
6,103
24,457
6,878
24,729

Oct
7,328
6,970
6,676
6,283
7,272

Nov
4,608
4,862
5,183
6,005
5,512

Dec
6,529
6,537
6,555
6,781
7,044

Jan
7,328
7,285
6,684
6,760
7,486

Feb
5,568
5,828
6,276
6,343
6,407

Mar
6,411
6,418
7,297
9,364
7,868

Apr
7,162
8,075
7,252
5,355
7,429

May
6,472
6,061
7,241
8,631
7,579

June
4,365
4,515
4,590
4,595
4,820

Year to Date Performance Status
Monitor and Consider Taking Action
Vehicle License Tax for fiscal year 2024-25 are budgeted to increase 2.8% over fiscal year 2023-24 actual results. Year-to-date Vehicle License Tax through September are 1.1%
lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through September fiscal year 2024-25 Vehicle License Tax revenues increased 3.2% compared to the same period in prior year. For the fiscal year 2023-24 Vehicle License Tax
for the full year increased 4.0% over fiscal year 2022-23. Fiscal year 2022-23 increased 2.4% over 2021-22 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

20-21 Actuals
21-22 Actuals
22-23 Actuals

400,000

23-24 Actuals
24-25 Actuals

300,000

24-25 Budget

200,000

100,000

July

Fiscal Year
July
20-21
68,761
21-22
123,174
22-23
79,979
23-24
154,502
24-25
193,909
24-25 Budget 121,108

Aug

Sept

Oct

Nov

Dec

Aug
217,048
225,569
274,628
239,106
246,776
293,889

YTD thru
Sept
September
Oct
260,275
546,084 215,731
185,901
534,644 231,638
211,185
565,792 288,507
274,616
668,224 297,125
270,399
711,084
285,845
700,842 318,654

Jan

Nov
298,362
324,875
300,162
356,376
396,708

Feb

Dec
236,818
253,979
275,549
338,770
340,933

Mar

Jan
216,626
267,406
263,160
304,747
326,179

Apr

May

June

Feb
178,738
199,258
246,172
221,491
264,752

Mar
272,444
230,537
255,008
344,024
341,749

Apr
316,241
255,574
243,521
298,429
349,236

May
277,929
320,064
419,779
347,769
424,664

June
362,173
540,197
497,001
406,208
584,448

Year to Date Performance Status
Better than Expected
Governmental Funds are those funds supported primarily through taxes, bonds and grants and include the general fund as well as funds with dedicated tax revenue streams. They do not
include the enterprise funds. Governmental Funds for fiscal year 2024-25 are budgeted to increase 13.0% over fiscal year 2023-24 actual results. Year-to-date Governmental Funds
revenues through September are 1.5% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based
on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through September fiscal year 2024-25 Governmental Funds revenues increased 6.4% compared to the same period in prior year. For the fiscal year 2023-24 Governmental Funds for
the full year increased 6.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 6.2% over 2021-22 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
20-21 Actuals
21-22 Actuals
22-23 Actuals

80,000

23-24 Actuals
24-25 Actuals
24-25 Budget

40,000

July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
25,387
36,735
12,023
43,541
51,297
32,666

Sept

Aug
2,666
33,945
37,402
46,444
51,258
33,435

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
September
Sept
27,193
55,246
28,302
98,982
34,042
83,467
42,615
132,600
51,046
153,601
36,681
102,782

Oct
21,045
31,904
41,419
49,373
39,898

Nov
23,880
36,031
66,192
49,349
48,700

Dec
31,636
35,025
25,237
56,177
41,101

Jan
18,059
57,391
46,228
47,603
46,987

Feb
61,877
33,583
57,291
46,427
55,285

Mar
25,487
38,417
45,866
49,078
44,091

Apr
31,454
40,080
48,930
66,870
51,998

May
30,668
46,367
46,926
55,891
49,921

June
91,844
155,860
112,245
54,137
114,936

Year to Date Performance Status
Better than Expected
Aviation Operating revenue for fiscal year 2024-25 are budgeted to decrease 1.9% over fiscal year 2023-24 actual results. Year-to-date Aviation Operating revenues through September
are 49.4% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through September fiscal year 2024-25 Aviation Operating revenues increased 15.8% compared to the same period in prior year. For the fiscal year 2023-24 Aviation Operating
revenues for the full year increased 5.9% over fiscal year 2022-23. Fiscal year 2022-23 increased 0.0% over 2021-22 full year results.

16

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

Water Operating Revenues
Budget vs Actual
100,000
90,000
80,000
70,000
20-21 Actuals

60,000

21-22 Actuals
50,000

22-23 Actuals

40,000

23-24 Actuals

30,000

24-25 Actuals
24-25 Budget

20,000
10,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
57,819
58,256
60,867
79,474
69,338
87,406

Sept

Aug
53,509
42,379
49,237
60,009
69,897
69,925

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

YTD thru
September
Sept
52,454
163,782
47,181
147,816
53,259
163,363
59,303
198,786
65,421
204,656
72,333
229,664

Oct
47,335
39,257
44,825
53,644
63,083

Nov
42,280
41,784
40,352
49,293
59,213

Dec
33,139
37,523
33,550
37,111
48,174

Jan
28,579
28,902
28,416
34,650
41,092

Feb
25,188
28,035
26,868
50,549
44,532

Mar
28,415
31,242
30,349
34,151
42,322

June

Apr
37,714
40,702
35,722
40,533
52,724

May
42,556
45,193
41,526
51,853
61,742

June
43,174
51,821
52,443
65,187
72,479

Year to Date Performance Status
Monitor and Consider Taking Action
Water Operating revenues for fiscal year 2024-25 are budgeted to increase 16.1% over fiscal year 2023-24 actual results. Year-to-date Water Operating revenues through September
are 10.9% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through September fiscal year 2024-25 Water Operating revenues increased 3.0% compared to the same period in prior year. For the fiscal year 2023-24 Water Operating revenues for
the full year increased 23.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 1.0% over 2021-22 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
40,000
35,000
30,000
25,000

20-21 Actuals

20,000

21-22 Actuals
22-23 Actuals

15,000

23-24 Actuals
24-25 Actuals

10,000

24-25 Budget
5,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
21,205
22,011
18,108
18,448
22,200
22,441

Sept

Aug
22,791
21,971
22,936
22,257
32,311
25,306

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
September
Sept
21,844
65,840
26,947
70,929
19,029
60,073
26,911
67,616
28,044
82,555
26,650
74,397

Oct
22,234
18,312
22,401
22,957
24,166

Nov
18,577
21,720
25,044
24,163
25,179

Dec
24,461
24,380
19,691
25,262
26,386

Jan
18,430
22,218
26,128
27,645
26,562

Feb
24,355
21,916
25,503
24,321
27,033

Mar
21,754
23,023
22,405
28,786
26,998

Apr
21,584
24,091
21,595
25,563
26,116

May
20,085
22,296
23,607
26,894
26,130

June
17,424
17,973
28,591
34,569
27,726

Year to Date Performance Status
Better than Expected
Wastewater Operating revenues for fiscal year 2024-25 are budgeted to increase 0.9% over fiscal year 2023-24 actual results. Year-to-date Wastewater Operating revenues through
September are 11.0% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an
allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through September fiscal year 2024-25 Wastewater Operating revenues increased 22.1% compared to the same period in prior year. For the fiscal year 2023-24 Wastewater Operating
revenues for the full year increased 11.9% over fiscal year 2022-23. Fiscal year 2022-23 increased 3.1% over 2021-22 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 SEPTEMBER 30
(dollars in thousands)
Budget
Estimate
2024-2025

Actual
Year-to-Date
2024-2025
2023-2024

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

$

$

733,578
3,503

196,572 $
369

168,019
404

259,787
353,170
86,148
215,419
3,064
6,580

68,913
87,754
24,457
709
712
(77)

70,222
108,939
23,706
398
751
(136)

8,271
846
15,105
452
6,624
2,142
8,013

2,181
235
1,543
169
2,017
346
2,465

2,112
197
3,642
90
1,813
372
6,604

75,990
1,500
18,672
21,589
23,154

10,263
243
3,590
9,079
2,736

20,771
191
4,520
7,276
5,143

1,843,609

19

$

$

414,275

$

425,034

General Fund Expenditures
As of SEPTEMBER 30
(dollars in thousands)
Budget
Estimate
2024-2025

Actual
Year-to-Date
2024-2025
2023-2024

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

$

2,744
7,029
11,993
104,600
5,058
3,687
34,423
3,892
9,019
30,440
4,587
34,834
1,954
254,259

$

696 $
1,338
3,141
31,405
1,719
1,144
8,353
995
1,973
11,593
1,424
8,881
1,493
74,153

674
1,649
3,245
27,266
1,732
949
8,279
1,029
2,309
10,563
1,243
7,620
1,252
67,809

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

10,606
1,417
12,023

10,679
1,236
11,914

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

210,914
127,637
338,552

209,384
142,912
352,296

Transportation
Street Transportation
Total Transportation

25,252
25,252

5,807
5,807

6,283
6,337

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

10,329
21,863
7,112
2,058
41,362

2,897
5,923
1,762
127
10,709

2,029
5,198
1,468
154
8,849

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

134,037
51,120
38,493
13,054
236,705

40,419
16,959
8,562
5,078
71,018

40,625
14,595
10,041
4,891
70,152

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

14,401
331
264
14,996

11,849
447
286
12,582

Capital Improvement

91,824

11,009

5,407

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

538,266 $

535,347

Total Expenditures and Encumbrances

$

20

2,131,759

$

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 SEPTEMBER 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
2024-2025

$

733,578
3,503

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
WaterSystem
Water
Wastewater
Solid Waste

Total Enterprise Funds
Total Operating Revenues

$

196,572 $
369

168,019
404

259,787
353,170
86,148
215,419
3,064
6,580
9,117
15,105
452
6,624
2,142
8,013
96,162
21,589
23,154

68,913
87,754
24,457
709
712
(77)
2,416
1,543
169
2,017
346
2,465
14,095
9,079
2,736

70,222
108,939
23,706
398
751
(136)
2,308
3,642
90
1,813
372
6,604
25,482
7,276
5,143

1,843,609

414,275

425,035

56,850
146,108
58,684
12,279
422,748
5,011
82,133
8,368
39,022
165,421
85,226
11,092
54,049
915,465
142,101

12,847
36,300
14,434
2,116
97,405
313
27,560
2,089
6,237
40,549
15,175
978
(4,712)
44,927
593

11,441
25,551
12,511
1,887
89,056
(3,717)
29,555
1,927
5,438
38,435
18,517
710
258
11,364
256

2,204,558

296,810

243,189

595,697
131,090
715,025
310,694
208,591

153,601
26,549
204,656
82,555
54,748

132,600
23,304
198,786
67,616
53,004

1,961,096

522,110

475,310

6,009,263

21

Actual
Year-to-Date
2024-2025
2023-2024

$

$ 1,233,195 $ 1,143,533

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

Source
General Government
General Funds
Other Funds
Total General Government

Actual
Year-to-Date
2024-2025
2023-2024

Budget
2024-2025

74,153 $
8,731
82,884

67,809
8,323
76,132

47,381
8,979
56,360

12,023
1,701
13,724

11,914
2,077
13,991

Public Safety
General Funds
Other Funds
Total Public Safety

1,248,049
297,473
1,545,522

338,552
88,269
426,821

352,296
88,065
440,361

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

5,807
311,280
317,087

6,337
360,755
367,092

Community Development
General Funds
Other Funds
Total Community Development

41,362
415,014
456,376

10,709
74,190
84,899

8,849
68,642
77,491

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

71,018
91,714
162,732

70,152
104,405
174,557

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,051
1,058,823
1,096,874

14,996
231,048
246,044

12,582
238,388
250,970

144,556
144,556

34,308
34,308

34,000
34,000

91,824
1,790,057
1,881,881

11,009
207,458
218,467

5,407
138,086
143,493

$

Criminal Justice
General Funds
Other Funds
Total Criminal Justice

Debt Service
General Funds
Other Funds
Total Debt Service
Capital Improvement
General Funds
Other Funds
Total Capital Improvement

254,259
54,340
308,599

$

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

34,221
34,221

-

-

Vacancy Savings
General Funds
Other Funds
Total Vacancy Savings

(20,000)
(20,000)

-

-

Contingencies
General Funds
Other Funds
Total Contingencies

168,875
67,500
236,375

-

-

2,131,758
5,112,087
7,243,845

538,267
1,048,699
1,586,966 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

535,346
1,042,741
1,578,087

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
SEPTEMBER 30
2024
2023

Budget
Estimate
2024-2025

Source

Actual Year-to-Date
2024-2025
2023-2024

General Funds
$

61,764,884
81,452

Local Taxes:
Sales Taxes
Privilege License Fees

79,183,500

61,846,336

Total Local Taxes

737,081,103

196,940,994

168,423,103

17,301,038
29,251,332
6,102,586

21,440,309
36,312,872
6,936,178

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

259,787,000
353,170,000
86,148,000

68,912,740
87,753,996
24,456,504

70,222,490
108,938,616
23,706,455

52,654,956

64,689,359

699,105,000

181,123,240

202,867,561

679,162

726,214

Primary Property Tax

215,419,000

708,871

397,641

229,742

249,054

Licenses and Permits

3,064,000

711,771

750,959

-

-

Cable Communications

6,580,000

(76,848)

(135,857)

640,010
65,255

657,612
55,096

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

2,180,978
235,417

2,111,600
196,892

705,265

712,708

9,117,450

2,416,395

2,308,492

275,939

1,438,489

15,105,423

1,543,140

3,641,673

23,093

17,979

Library Fees

452,312

169,229

89,813

474,183

463,639

Parks and Recreation

6,623,940

2,016,622

1,813,149

100,987

116,875

Planning and Development

2,141,580

346,328

372,422

753,778

1,070,265

Street Transportation

8,013,181

2,464,556

6,604,317

3,354,791
95,555
328,155

41,986,204
74,525
1,278,391

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

75,990,000
1,500,000
18,672,491

10,262,757
242,738
3,589,653

20,770,905
191,025
4,520,460

3,778,501

43,339,120

96,162,491

14,095,148

25,482,390

2,857,809

2,314,889

Interest

21,589,000

9,079,272

7,275,555

885,386

737,815

Other Fees and Service Charges

23,154,093

2,736,360

5,143,466

142,602,301

177,722,742

1,843,608,573

414,275,078

425,034,684

79,084,910
98,590

$

$

Total State Shared Taxes

Total Municipal Court
Police

Total Fire

Total General Funds

733,577,953
3,503,150

$

196,572,191
368,803

$

168,019,473
403,630

Special Revenue and Debt Service Funds
3,644,274
260,305
1,301,527
63,787

2,804,415
200,315
1,001,577
59,595

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

39,202,335
2,800,453
14,000,263
846,758

8,841,643
631,546
3,157,730
215,593

7,869,119
562,080
2,810,400
199,664

5,269,893

4,065,902

Total Neighborhood Protection

56,849,809

12,846,512

11,441,263

13,008,252
4,949,898
118,154

6,420,517
1,608,912
95,066

110,147,402
34,991,668
969,000

26,796,047
9,089,301
414,645

19,677,506
5,533,027
340,204

18,076,304

8,124,495

146,108,070

36,299,993

25,550,737

5,699,384

4,427,764

58,684,199

14,434,139

12,510,752

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
SEPTEMBER 30
2024
2023
$

426,887
281,670
26,046
86,067

$

Budget
Estimate
2024-2025

Source

428,526
244,454
14,182
46,575

Golf Courses:
Fees
Coffee Shops
Concessions
Interest
Other

$

8,031,872
3,521,024
140,000
586,284

Actual Year-to-Date
2024-2025
2023-2024
$

1,048,728
808,942
83,735
174,915

$

1,032,417
675,750
46,602
131,925

820,670

733,737

Total Golf Courses

12,279,180

2,116,320

1,886,694

35,553,386
2,529,481

27,364,418
4,869,675

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

86,464,580
10,939,967

76,780,257
12,275,783

38,082,867

32,234,093

422,747,900

97,404,547

89,056,040

Court Awards

5,010,751

312,639

(3,716,515)

Planning and Development

82,132,700

27,560,375

29,554,608

Capital Construction

8,368,140

2,089,283

1,926,751

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

5,142,439
1,094,756

4,659,582
778,867

-

-

Total Transit 2000 & 2050

5,539,442

7,249,163

780,638

650,535

1,915,444
364,340

1,359,646
266,261

2,279,784

1,625,907

Total Sports Facilities

39,022,412

6,237,195

5,438,449

13,315,524
602,220
29,904

12,518,753
454,819
2,635

Highway User Revenue:
Highway User Revenue
Interest
Other

160,147,000
4,230,000
1,043,836

38,082,162
1,865,236
600,900

37,040,317
1,347,469
47,353

13,947,648

12,976,207

165,420,836

40,548,298

38,435,139

-

-

Total Highway User Revenue
Local Transportation Assistance

-

-

-

3,646,911

5,591,921

Regional Transit Revenues

85,226,104

15,174,801

18,516,987

227,398

305,846

Community Reinvestment

11,092,101

978,239

710,104

(1,403,790)

425,968

Other Restricted Fees

54,049,463

(4,712,094)

258,035

Grants:
Public Housing:
Rentals
Grants
Other

5,793,008
246,133,212
74,977,988

837,575
48,782,542
5,236,309

1,217,712
41,055,549
11,924,498

326,904,208

54,856,426

54,197,759

79,071,208
121,893,990
42,000,078
345,595,568

5,533,281
(31,970,574)
(113,303)
16,621,101

6,138,169
(41,904,994)
(4,009,298)
(3,057,950)

160,938
15,212,836
848,553

393,055
11,228,394
2,219,330

16,222,327

13,840,779

2,973,518
10,503,388
636,995
4,059,917

6,813,873
1,771,735
442,191
(4,842,610)

18,173,818

4,185,189

Total Other

588,560,844

(9,929,495)

(42,834,073)

34,396,145

18,025,968

Total Grants

915,465,052

44,926,931

11,363,686

433,460
-

454,960
130

138,548,664
3,552,237

465,343
127,189

255,686
130

433,460

455,090

142,100,901

592,532

255,816

127,796,754

96,892,596

2,204,557,618

296,809,710

243,188,546

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
SEPTEMBER 30
2024
2023

Budget
Estimate
2024-2025

Source

Actual Year-to-Date
2024-2025
2023-2024

Enterprise Funds
AVIATION:
$

12,417,046 $
34,534,966
2,379,048
382,122
324,365
364,876
643,512

11,089,279
28,516,967
1,630,066
249,305
273,151
319,826
537,011

51,045,935

42,615,605

Sky Harbor:
Airlines
Concessions
Interest
Other
Phoenix-Goodyear
Phoenix-Deer Valley
Phoenix-Customer Facility Charge

$

Total Aviation

141,722,995
426,755,571
11,866,551
3,520,413
3,063,867
3,834,551
4,933,449

$

36,915,266
104,673,977
7,127,028
798,817
975,603
1,155,024
1,955,288

$

32,976,281
90,607,536
4,750,102
860,311
845,203
964,961
1,596,013

595,697,397

153,601,003

132,600,407

95,515,890
31,872,410
3,702,000

17,845,289
6,827,975
1,876,206

16,408,786
5,701,696
1,193,268

131,090,300

26,549,470

23,303,750

646,504,636
2,930,000
6,790,545
13,149,884
7,623,874
16,823,000
21,202,624

192,102,756
653,776
4,136,224
3,488,385
883,590
3,380,198
10,910

165,302,723
766,692
3,829,068
3,415,297
1,630,140
2,983,289
20,859,066

715,024,563

204,655,839

198,786,275

CONVENTION CENTER:
7,598,162
2,101,912
626,961

5,486,218
1,960,796
411,638

10,327,035

7,858,652

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

61,783,264
201,357
460,773
1,241,751
325,920
984,454
423,602

54,096,586
257,233
525,131
2,010,711
814,440
1,010,296
588,539

65,421,121

59,302,936

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

21,157,425
2,109,384
307,950
1,265,695
3,203,606

17,846,924
3,809,831
792,300
990,586
3,470,403

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

248,997,506
20,537,864
7,159,193
8,250,000
25,748,999

63,772,330
6,992,364
837,450
3,869,600
7,083,425

53,084,039
5,782,965
1,575,180
2,993,784
4,179,570

28,044,060

26,910,044

Total Wastewater

310,693,562

82,555,169

67,615,538

184,941,193
15,690,470
1,128,000
6,831,014

46,890,935
4,009,907
529,882
3,317,591

45,517,078
3,969,996
476,504
3,040,153

208,590,677

54,748,315

53,003,731

1,961,096,499

522,109,796

475,309,701

SOLID WASTE:

$

15,643,413
1,560,608
175,815
986,342

15,164,412
1,323,994
150,937
991,257

18,366,178

17,630,600

173,204,329

154,317,837

443,603,384

$

428,933,175

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

$

25

6,009,262,690

$

1,233,194,584

$

1,143,532,931

Citywide Operating Expenditures by Program
For the Month Ended
SEPTEMBER 30
2024
2023

Program

Budget
Estimate
2024-2025

2024-2025 Year-to-Date
Operating Expenditures & Encumbrances
Capital
Operations
and Debt

Actual Year-to-Date
2024-2025
2023-2024

General Government
$

246,269 $
490,116
1,519,426
8,014,616
370,422
361,324
408,074
2,624,458
415,243
524,280
1,735,804
284,384
13,624
543,901
5,315,321
932,676

231,301
418,427
1,042,952
8,337,629
298,905
622,355
255,159
2,511,741
302,244
686,748
6,299,019
304,089
13,740
372,271
3,120,916
1,529,265

23,799,938

26,346,763

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

2,743,728
7,028,752
18,852,764
110,430,760
1,760,971
5,081,029
4,322,160
36,350,871
3,892,340
9,018,814
30,621,716
660,030
133,422
4,587,448
69,169,804
3,944,784

$

695,907
1,337,575
4,422,735
33,913,736
691,509
1,741,375
1,277,040
8,781,794
995,190
1,972,746
11,638,028
1,023,212
41,271
1,423,866
13,500,117
(572,546)

$

673,787
1,648,995
3,492,847
30,643,614
575,739
1,737,457
1,093,292
8,734,544
1,028,952
2,309,176
11,187,263
861,536
40,712
1,243,141
11,100,954
(240,011)

$

695,907
1,337,575
4,422,735
31,636,808
691,509
1,741,375
1,277,040
8,781,794
995,190
1,972,746
11,592,543
1,023,212
41,271
1,423,866
9,359,206
(572,546)

$

2,276,928
45,486
4,140,911
-

308,599,393

82,883,557

76,131,997

76,420,232

6,463,325

49,458,140
6,901,638

12,306,584
1,417,040

12,755,571
1,235,568

10,693,643
1,417,040

1,612,941
-

56,359,778

13,723,624

13,991,139

12,110,683

1,612,941

982,286,006
563,236,236
-

274,110,073
152,710,864
-

273,740,040
166,621,186
-

273,499,716
151,880,383
-

610,357
830,480
-

1,545,522,242

426,820,937

440,361,226

425,380,100

1,440,837

Criminal Justice
4,260,324
565,313

3,927,262
497,341

4,825,637

4,424,604

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

81,536,156
48,015,074
-

83,758,653
48,706,997
-

129,551,229

132,465,651

Police
Fire
Other
Total Public Safety
Transportation

8,691,562
110,158
36,119,442
64,379,163

8,284,203
1,096,737
33,070,044
17,484,357

Street Transportation
Street Lighting
Aviation
Public Transit

121,121,878
13,064,801
512,530,982
350,032,358

36,032,122
4,041,464
115,419,913
161,593,437

31,744,061
3,311,231
103,977,160
228,059,509

32,759,451
4,041,464
90,756,665
161,593,437

3,272,670
24,663,248
-

109,300,325

59,935,341

Total Transportation

996,750,019

317,086,936

367,091,961

289,151,018

27,935,918

Community Development
7,725,816
14,571,427
1,488,973
3,062,096

8,156,153
13,847,046
1,689,689
3,240,545

Planning and Development
Housing
Economic Development
Neighborhood Services Department

101,520,092
259,603,855
23,528,376
71,723,706

25,888,851
42,017,787
7,815,284
9,176,687

23,502,162
38,080,563
6,282,146
9,625,835

25,888,851
42,017,787
7,139,707
9,176,687

675,577
-

26,848,312

26,933,434

Total Community Development

456,376,029

84,898,608

77,490,706

84,223,032

675,577

156,930,139
52,775,746
96,801,677
13,559,675
167,851,864
8,368,135
10,043,405

46,477,451
17,271,778
41,160,772
3,390,189
45,593,930
5,910,148
2,928,226

46,383,533
14,928,084
31,446,693
3,190,239
71,832,661
4,248,618
2,527,120

46,378,657
17,271,778
35,238,434
45,575,769
5,910,148
2,928,226

98,794
5,922,338
3,390,189
18,161
-

506,330,641

162,732,493

174,556,947

153,303,012

9,429,481

Community Enrichment
12,585,738
5,096,822
11,589,130
1,129,823
14,706,544
81,154
1,130,196

14,649,677
3,404,934
4,340,293
1,063,893
16,725,310
30,430
1,298,882

46,319,406

41,513,419

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
SEPTEMBER 30
2024
2023

Budget
Estimate
2024-2025

Program

2024-2025 Year-to-Date
Operating Expenditures & Encumbrances
Capital
Operations
and Debt

Actual Year-to-Date
2024-2025
2023-2024

Environmental Services
$

30,874,695 $
15,111,610
15,388,684
2,877,974
376,928
93,315

38,097,989
16,976,880
15,966,663
3,709,866
315,358
139,185

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

64,723,206

75,205,940

Total Environmental Services

$

477,320,282
212,455,161
205,087,439
46,180,805
154,940,082
890,245

$

114,043,510
55,632,784
57,562,706
17,300,677
1,169,348
335,037

$

126,826,389
58,729,755
49,279,207
14,582,938
1,169,529
381,809

$

77,884,801
40,218,763
55,063,393
14,410,143
1,169,348
335,037

$

36,158,709
15,414,021
2,499,312
2,890,534
-

1,096,874,014

246,044,062

250,969,628

189,081,486

56,962,576

4,536,198
29,115,414
126,000
7,373,682
667,925
3,038,262
708,750
16,396,161
6,021,092
472,675
24,647,410
12,940,624
1,676,610
13,402,036
150,000
8,876,400
11,490,195
31,800
2,885,060

1,359,424
7,278,853
76,471
1,981,795
166,981
768,515
185,773
4,099,040
1,522,553
118,169
6,369,829
3,343,311
189,127
271,858
1,112,623
150,000
2,219,100
3,006,324
7,950
80,357

3,167,585
5,788,967
25,125
3,707,424
156,581
757,416
139,688
3,223,056
1,692,000
94,356
4,296,248
3,143,455
271,858
150,000
4,444,650
2,853,071
8,250
80,357

1,359,424
7,278,853
76,471
1,981,795
166,981
768,515
185,773
4,099,040
1,522,553
118,169
6,369,829
3,343,311
189,127
271,858
1,112,623
150,000
2,219,100
3,006,324
7,950
80,357

-

General Obligation Debt Service

$

603,391
2,426,284
55,471
752,848
55,660
262,138
67,648
1,366,347
519,038
39,390
2,261,927
1,186,540
189,127
90,619
1,112,623
50,000
739,700
1,091,291
2,650
26,786

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

12,899,480

11,333,362

Total Debt Service

144,556,294

34,308,054

34,000,086

34,308,054

-

39,037,272

33,243,469

Capital Improvement

1,881,880,514

218,467,462

143,492,902

218,467,462

-

-

-

Non-Departmental Grants

34,221,125

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

457,304,803 $

411,401,983

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

$

7,243,845,399

$

27

1,586,965,733

$

1,578,086,591

$

1,482,445,078

$

104,520,656

Capital Expenditures and Encumbrances
2024-2025
Program
General Government
Arts and Cultural Facilities
Economic Development
Environmental Programs
Facilities Management
Fire Protection
Historic Preservation & Planning
Housing
Human Services
Information Technology
Libraries
Neighborhood Services
Non-Departmental Capital
Parks and Mountain Preserves
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
Enterprise Subtotal
Total Capital Budget Program

Budget

2023-2024
Actual Yearto-Date

Actual Yearto-Date

2024-2025 Year-to-Date Capital Amounts
From Operating Funds
From Capital Funds
Budget
Actual
Budget
Actual

Unencumbered
Budget

$

2,620,884 $
17,379,842
250,000
89,774,963
81,819,625
9,270,733
162,029,573
14,798,893
58,493,297
7,487,264
6,771,736
236,345,202
157,541,791
40,233,224
26,640,851
488,961,069
8,277,823
609,358,247

$
(931,246)
15,375,559
2,392,922
4,689,065
6,497,976
9,433,240
3,668,981
780,786
53,352
24,003,188
32,416,657
16,948
1,060,739
8,531,362
47,224
48,133,342

26,159
4,762,169
1,703,788
2,612,928
24,214,892
7,663,352
5,630,486
4,160,229
232,814
57,101
20,275,141
5,894,706
6,557,398
1,551,294
11,733,004
23,457,912

$

$
12,129,842
250,000
42,540,638
5,689,208
6,500,000
129,656,839
14,482,338
33,122,986
5,396,153
6,771,736
16,850,000
121,395,599
6,796,223
488,961,069
2,277,823
278,909,637

(931,246)
721,801
787,468
4,689,065
5,290,463
9,431,105
3,665,594
780,786
53,352
2,431,976
18,184,466
304,573
8,531,362
47,224
39,961,122

$

2,620,884 $
5,250,000
47,234,325
76,130,417
2,770,733
32,372,734
316,555
25,370,311
2,091,111
219,495,202
36,146,192
40,233,224
19,844,628
6,000,000
330,448,610

14,653,758
1,605,454
1,207,513
2,135
3,387
21,571,212
14,232,191
16,948
756,166
8,172,220

$

2,620,884
18,311,088
250,000
74,399,404
79,426,703
4,581,668
155,531,597
5,365,653
54,824,316
6,706,478
6,718,384
212,342,014
125,125,134
40,216,277
25,580,112
480,429,707
8,230,599
561,224,905

$

2,018,055,017 $

156,170,095 $

120,533,374

$

1,171,730,091 $

93,949,111

$

846,324,926 $

62,220,983

$

1,861,884,922

$

$

1,168,847,275
68,470,134
34,708,075
644,439,915
628,982,554
2,545,447,953

$ 221,154,897
3,444,730
10,110,411
318,624,935
21,287,413
$ 574,622,385

$

4,563,502,970

$ 730,792,479

$

$

58,328,766
3,411,184
6,386,399
41,971,213
18,279,803
128,377,364

$

359,109,471
13,110,134
24,444,137
89,077,414
224,409,267
710,150,423

80,593,863
705,577
3,639,804
27,403,180
12,175,926
$ 124,518,351

$

248,910,738

$ 1,881,880,514

$ 218,467,462

28

$

$

$

$

809,737,804
55,360,000
10,263,938
555,362,501
404,573,287
1,835,297,530

$

2,681,622,456

$

$

140,561,034
2,739,153
6,470,606
291,221,754
9,111,486
450,104,034

$

$

947,692,378
65,025,404
24,597,664
325,814,980
607,695,142
1,970,825,568

$

512,325,017

$

3,832,710,491

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

Sold

Available

2023 Authorizations

Fire, Police, Roadway and Pedestrian Infrastructure
Library, Parks, and Historic Preservation
Education, Economic Development, Reducing Waste,
Resource Management, Arts and Culture
Affordable Housing and Senior Centers

$

Total 2023 Authorizations

214,000
108,615

$

88,900
42,500

$

125,100
66,115

114,385
63,000

74,300
44,300

40,085
18,700

500,000

250,000

250,000

81,000
136,400
198,700
37,600
170,922
136,205

63,385
133,195
190,610
32,515
150,110
121,900

17,615
3,205
8,090
5,085
20,812
14,305

29,285
12,000
62,178
74,000
192,500
186,095
169,700
131,400
1,071,765

28,285
11,205
53,200
71,645
174,865
159,585
147,410
127,720
1,071,765

1,000
795
8,978
2,355
17,635
26,510
22,290
3,680
-

2,689,750

2,537,395

152,355

1988, 2001, and 2006 Authorizations

Affordable Housing and Neighborhood Revitalization
Computer Technology
Education Facilities
Environmental Cleanup
Family, Senior and Youth Cultural Facilities
Fire Protection
Freeway Mitigation, Neighborhood Stabilization and
Slum and Blight Elimination
Historic Preservation
Library Facilities
Neighborhood Protection and Senior Centers
Parks, Open Space and Recreational Facilities
Police Protection
Street Improvements
Storm Sewer Systems and Flood Protection
Bonds Fully Issued
Total 1988, 2001, and 2006 Authorizations
$

Total Bond Program

29

3,189,750

$

2,787,395

$

402,355