October 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

October 31, 2024
To the Mayor and City Council:
This is the City's Financial Report for October, the fourth 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 11, 2025

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

Page

Performance Status

General Fund Expenditures
General Fund Total Expenditures

1

Better than Expected

General Government

1

Monitor and Consider Taking Action

Criminal Justice

1

Better than Expected

Public Safety

2

Better than Expected

Transportation

2

Monitor and Consider Taking Action

Community Development

2

Better than Expected

Community Enrichment

3

Better than Expected

Environmental Services

3

Better than Expected

Citywide Expenditures
Citywide Total Operating Expenditures

4

Better than Expected

General Government

4

Better than Expected

Criminal Justice

4

Better than Expected

Public Safety

5

Better than Expected

Transportation

5

Better than Expected

Community Development

5

Better than Expected

Community Enrichment

6

Better than Expected

Environmental Services

6

Better than Expected

General Obligation Debt Service

6

Better than Expected

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Revenues by Source
General Fund Total Operating Revenue

Page

Performance Status

10

Monitor and Consider Taking Action

Property Tax

11

Expected

Local Sales Tax

12

Expected

State Sales Tax

13

Expected

Vehicle License Tax

14

Monitor and Consider Taking Action

Governmental Funds

15

Monitor and Consider Taking Action

Aviation

16

Better than Expected

Water System

17

Monitor and Consider Taking Action

Wastewater

18

Better than Expected

Financial Schedules

Page

General Fund Revenue

19

General Fund Expenditures

20

Citywide Operating Revenue

21

Citywide Operating Expenditures

22

Citywide Operating Revenue by Source

23

Citywide Operating Expenditures by Program

26

Capital Expenditures and Encumbrances

28

Bonds Authorized and Sold

29

Notes:
Performance Status

Better than Expected - Positive variance of greater than 1% actual vs budget.
Expected - Actual vs budget variance within 1% positive or negative.
Monitor and Consider Taking Action - Negative variance greater than 1% actual vs budget.
Corrective Action Taken - Negative variance greater than 1% actual vs budget, however the City has taken action to address the negative variance.

General Fund
Expenditures
Expenditures from the City's General Fund for core
functions such as Police, Fire, Parks, Streets and
Social Services as well as administrative functions
such as Mayor and Council, City Manager, Finance,
and Human Resources. This does not include any
expenditures from dedicated revenue streams such
as grants, bonds, specifically dedicated taxes, and
enterprise revenues.

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

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

October YTD
Expenditures
466,370
548,182
559,433
671,210
682,526

Total General Fund

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

% of Annual
Expenditures
34.0%
37.3%
34.5%
36.4%
34.4%

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

$2,500,000
October 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 October are 1.7% 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

October YTD
Expenditures
52,812
61,716
66,271
80,940
93,421

General Government
Annual
% of Annual
Expenditures * Expenditures
34.2%
154,211
38.1%
161,907
34.7%
190,945
36.0%
224,802
36.7%
254,259

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

$300,000
$250,000

October YTD
Expenditures

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

Annual
Expenditures *

$50,000
$0
20-21

Monitor and Consider Taking Action

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 October are 15.4% 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

October YTD
Expenditures

Annual
Expenditures *

12,126
13,123
14,103
15,478
15,733

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

% of Annual
Expenditures
33.5%
32.8%
33.3%
35.5%
33.2%

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

$50,000
October 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 October are 1.6% 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
October YTD
Expenditures

Annual
Expenditures *

317,148
330,301
369,261
447,763
435,229

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

% of Annual
Expenditures
34.3%
33.3%
34.1%
36.4%
34.9%

$1,500,000
October 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 October are 2.8% 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

October YTD
Expenditures

Annual
Expenditures *

7,045
8,094
9,923
6,363
7,951

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

% of Annual
Expenditures
31.8%
34.9%
40.0%
25.4%
31.5%

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

$30,000
$25,000
October YTD
Expenditures

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

Annual
Expenditures *

$5,000
$0
20-21

Monitor and Consider Taking Action

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 October are 25.0% higher 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

October YTD
Expenditures
7,898
9,013
9,950
13,062
14,037

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

% of Annual
Expenditures
32.8%
31.9%
30.7%
34.8%
33.9%

$50,000
October 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

Better than Expected

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 October are 7.5% 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

Community Enrichment
% of Annual
Expenditures
38.3%
37.9%
39.4%
39.3%
37.2%

$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

October YTD
Expenditures
60,808
65,880
75,137
86,749
87,959

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

October 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 October are 1.4%
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

October YTD
Expenditures
6,691
10,830
9,573
13,384
16,845

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

% of Annual
Expenditures
32.0%
40.9%
33.8%
46.0%
44.3%

$40,000
October 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 October are 25.9% 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

October YTD
Expenditures
1,418,499
1,785,763
1,818,503
1,948,957
1,986,132

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

% of Annual
Expenditures
34.1%
39.8%
38.4%
37.1%
28.3%

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

$8,000,000
October 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 October are 1.9% higher than the same period in the prior fiscal year.

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

October YTD
Expenditures
73,614
66,219
93,816
91,552
103,739

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

% of Annual
Expenditures
35.5%
27.7%
38.1%
34.7%
33.6%

$400,000
October 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 October are 13.3% higher than the same period in the prior fiscal year.

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

Criminal Justice

October YTD
Expenditures
14,938
15,464
16,449
18,228
17,998

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

% of Annual
Expenditures
33.8%
32.9%
33.3%
35.4%
31.9%

$80,000
October 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 October are 1.3% 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

Public Safety
% of Annual
Expenditures
34.3%
33.5%
34.9%
37.4%
35.6%

$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

October YTD
Expenditures
384,672
411,464
472,338
556,009
550,260

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

October 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 October are 1.0% lower than the same period in the prior fiscal year.

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

Transportation

October YTD
Expenditures
359,205
460,730
438,721
416,772
367,254

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

% of Annual
Expenditures
45.7%
57.8%
55.3%
48.8%
36.8%

$1,000,000
$800,000

October YTD
Expenditures

$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 October are 11.9% 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

October YTD
Expenditures
85,193
74,042
83,547
105,535
112,290

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

% of Annual
Expenditures
34.7%
32.5%
30.9%
32.2%
24.6%

$500,000
October 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 October are 6.4%
higher than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
% of Annual
Expenditures
36.8%
36.3%
39.4%
43.4%
38.8%

$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

October YTD
Expenditures
143,799
152,774
177,354
206,148
196,256

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

October 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 October are 4.8%
lower than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
34.7%
38.3%
34.4%
36.4%
30.4%

$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

October YTD
Expenditures
254,943
288,056
285,805
326,341
333,100

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

October 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 October are 2.1% higher 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

October YTD
Expenditures
44,213
43,807
120,380
45,333
47,091

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

General Obligation Debt Service
% of Annual
Expenditures
33.5%
33.4%
57.9%
33.3%
32.6%

$240,000
October 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 October 2024 are 3.9% 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

$ 2,023,696

$

195,625

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

$

223,011

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

5,172

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

10,181

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

348,726

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

31,885

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

October 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

October
YTD
Revenues
478,763
436,564
522,896
595,385
556,783

21-22

22-23

23-24

24-25

Annual
% of Annual
Revenues* Revenues
1,491,537
32.1%
1,508,526
28.9%
1,695,886
30.8%
1,905,441
31.2%
1,843,609
30.2%

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

Year to Date Performance Status
Monitor and Consider Taking Action
Fiscal year 2024-25 general fund operating revenues are budgeted to decrease -3.2% over prior year actuals. Actual revenues
through October are 6.5% 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

215,419

206,393

201,050

192,215

182,043

40,000

11,719
18,099

20-21

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
29,818
353,968

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

21-22

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

22-23

Oct
21,550
24,048
29,752
28,607
28,644
29,862

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

23-24

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

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

24-25 YTD

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
18,099
11,719
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

Sept
33,935
41,516
46,739
61,764
79,085
51,068

Oct
45,467
50,734
81,273
77,291
42,062
70,726

YTD thru
October
180,922
198,103
238,859
245,310
238,634
239,633

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
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 October are 0.4% 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 October fiscal year 2024-25 Local Sales Tax revenues decreased 2.7% 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

Aug

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

Sept

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

Oct

Sept
13,123
16,285
22,937
21,440
17,301
20,779

Nov

Oct
18,038
18,259
18,918
17,613
20,802
20,509

Dec

YTD thru
October
68,555
79,207
85,341
87,835
89,715
90,379

Jan

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

Feb

Mar

Apr

May

June

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
Expected
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 October are 0.7% 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 October fiscal year 2024-25 State Sales Tax revenues increased 2.1% 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

6,000

23-24 Actuals
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

Sept
6,207
6,363
6,274
6,936
6,103
6,878

Oct
7,328
6,970
6,676
6,283
6,630
7,272

YTD thru
October
31,325
29,114
29,515
29,989
31,087
32,001

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 October are 2.9%
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 October fiscal year 2024-25 Vehicle License Tax revenues increased 3.7% 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

Sept
260,275
185,901
211,185
274,616
270,399
285,845

Oct
215,731
231,638
288,507
297,125
267,445
318,654

YTD thru
October
761,815
766,282
854,299
965,349
978,529
1,019,497

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
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 2024-25 are budgeted to increase 13.0% over fiscal year 2023-24 actual results. Year-to-date Governmental Funds
revenues through October are 4.0% 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 October fiscal year 2024-25 Governmental Funds revenues increased 1.4% 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

Sept
27,193
28,302
34,042
42,615
51,046
36,681

Nov

Oct
21,045
31,904
41,419
49,373
52,592
39,898

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
October
76,291
130,886
124,886
181,973
206,193
142,680

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 October are
44.5% 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 October fiscal year 2024-25 Aviation Operating revenues increased 13.3% 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

June

Sept
52,454
47,181
53,259
59,303
65,421
72,333

Oct
47,335
39,257
44,825
53,644
61,358
63,083

YTD thru
October
211,117
187,073
208,188
252,430
266,014
292,747

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

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 October are
9.1% 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 October fiscal year 2024-25 Water Operating revenues increased 5.4% 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

Sept
21,844
26,947
19,029
26,911
28,044
26,650

Oct
22,234
18,312
22,401
22,957
28,305
24,166

YTD thru
October
88,074
89,241
82,474
90,573
110,860
98,563

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
October are 12.5% 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 October fiscal year 2024-25 Wastewater Operating revenues increased 22.4% 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 OCTOBER 31
(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

238,634 $
469

245,310
527

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

89,715
117,005
31,087
18,099
888
(77)

87,835
145,251
29,989
17,860
881
(136)

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

2,886
300
3,341
204
3,312
461
2,825

2,860
255
4,997
200
2,594
461
7,104

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

16,970
294
8,682
11,896
9,795

25,784
255
7,413
9,595
6,349

1,843,609

19

$

$

556,783

$

595,385

General Fund Expenditures
As of OCTOBER 31
(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

$

894 $
1,798
4,247
37,895
2,053
1,439
10,872
1,226
2,329
14,102
1,809
12,865
1,891
93,421

881
2,176
4,182
31,125
1,969
1,176
10,666
1,299
2,793
12,050
1,620
9,322
1,682
80,940

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

13,743
1,990
15,733

13,752
1,725
15,478

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

269,380
165,849
435,229

268,430
179,333
447,763

Transportation
Street Transportation
Total Transportation

25,252
25,252

7,951
7,951

6,363
6,363

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

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

3,870
7,662
2,335
171
14,037

3,040
7,031
1,863
1,129
13,062

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

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

50,300
20,039
11,449
6,172
87,959

50,209
17,847
13,459
5,234
86,749

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

16,045
463
337
16,845

12,449
568
368
13,384

Capital Improvement

91,824

11,351

7,472

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

682,526 $

671,210

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 OCTOBER 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
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

$

238,634 $
469

245,310
527

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

89,715
117,005
31,087
18,099
888
(77)
3,185
3,341
204
3,312
461
2,825
25,946
11,896
9,795

87,835
145,251
29,989
17,860
881
(136)
3,115
4,997
200
2,594
461
7,104
33,451
9,595
6,349

1,843,609

556,784

595,385

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

16,580
43,986
18,600
2,857
126,770
462
34,992
2,651
8,429
53,509
23,106
1,127
8,116
68,716
11,846

16,722
36,550
18,174
2,638
129,233
(3,130)
35,325
2,752
7,895
51,770
22,520
969
1,333
35,812
11,401

2,204,558

421,747

369,964

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

206,193
35,029
266,014
110,860
72,744

181,973
34,718
252,430
90,573
70,505

1,961,096

690,839

630,198

6,009,263

21

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

$

$ 1,669,370 $ 1,595,548

Citywide Operating Expenditures
As of OCTOBER 31
(dollars in thousands)

Source
General Government
General Funds
Other Funds
Total General Government

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

Budget
2024-2025

93,421 $
10,318
103,739

80,940
10,612
91,552

47,381
8,979
56,360

15,733
2,265
17,998

15,478
2,750
18,228

Public Safety
General Funds
Other Funds
Total Public Safety

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

435,229
115,031
550,260

447,763
108,246
556,009

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

7,951
359,303
367,254

6,363
410,409
416,772

Community Development
General Funds
Other Funds
Total Community Development

41,362
415,014
456,376

14,037
98,253
112,290

13,062
92,473
105,535

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

87,959
108,297
196,256

86,749
119,399
206,148

Environmental Services
General Funds
Other Funds
Total Environmental Services

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

16,845
316,255
333,100

13,384
312,957
326,341

144,556
144,556

47,091
47,091

45,333
45,333

91,824
1,795,697
1,887,521

11,351
246,793
258,144

7,472
175,566
183,038

$

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

28,580
28,580

-

-

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

682,526
1,303,606
1,986,132 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

671,211
1,277,745
1,948,957

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
OCTOBER 31
2024
2023

Budget
Estimate
2024-2025

Source

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

General Funds
$

77,290,944
123,116

Local Taxes:
Sales Taxes
Privilege License Fees

42,161,720

77,414,060

Total Local Taxes

737,081,103

239,102,714

245,837,163

20,802,086
29,251,332
6,630,673

17,612,868
36,312,872
6,282,969

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

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

89,714,826
117,005,328
31,087,177

87,835,358
145,251,488
29,989,424

56,684,091

60,208,709

699,105,000

237,807,331

263,076,270

17,389,733

17,462,362

Primary Property Tax

215,419,000

18,098,604

17,860,003

175,731

130,183

Licenses and Permits

3,064,000

887,502

881,142

-

-

Cable Communications

6,580,000

(76,848)

(135,857)

704,746
64,152

748,033
58,585

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

2,885,724
299,569

2,859,633
255,477

768,898

806,618

9,117,450

3,185,293

3,115,110

1,797,811

1,355,780

15,105,423

3,340,951

4,997,453

35,144

109,743

Library Fees

452,312

204,373

199,556

1,294,941

781,207

Parks and Recreation

6,623,940

3,311,563

2,594,356

115,051

88,126

Planning and Development

2,141,580

461,379

460,548

359,944

499,683

Street Transportation

8,013,181

2,824,500

7,104,000

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

16,969,895
294,125
8,682,069

25,783,620
255,150
7,412,569

96,162,491

25,946,089

33,451,339
9,595,438

42,061,576
100,144

$

$

Total State Shared Taxes

Total Municipal Court
Police

733,577,953
3,503,150

$

238,633,767
468,947

$

245,310,417
526,746

6,707,138
51,387
5,092,416

5,012,715
64,125
2,892,109

11,850,941

7,968,949

2,816,785

2,319,883

Interest

21,589,000

11,896,057

7,058,260

1,205,059

Other Fees and Service Charges

23,154,093

9,794,620

6,348,525

142,509,050

170,350,362

1,843,608,573

556,784,128

595,385,046

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
2,568,718
183,480
917,399
63,489

3,653,745
260,981
1,304,908
61,215

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

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

11,410,361
815,026
4,075,129
279,082

11,522,864
823,061
4,115,308
260,879

3,733,086

5,280,849

Total Neighborhood Protection

56,849,809

16,579,598

16,722,112

6,019,728
1,558,778
107,922

8,642,686
2,266,373
90,198

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

32,815,775
10,648,079
522,567

28,320,192
7,799,400
430,402

7,686,428

10,999,257

146,108,070

43,986,421

36,549,994

4,165,682

5,662,780

58,684,199

18,599,821

18,173,532

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
OCTOBER 31
2024
2023
$

459,105
230,221
26,463
24,817

$

Budget
Estimate
2024-2025

Source

498,541
220,754
15,525
16,105

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
$

1,507,833
1,039,163
110,198
199,732

$

1,530,958
896,504
62,127
148,030

740,606

750,925

Total Golf Courses

12,279,180

2,856,926

2,637,619

25,253,914
4,111,165

35,643,484
4,533,929

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

111,718,494
15,051,132

112,423,741
16,809,712

29,365,079

40,177,413

422,747,900

126,769,626

129,233,453

149,262

586,833

Court Awards

5,010,751

461,901

(3,129,682)

7,431,194

5,770,832

Planning and Development

82,132,700

34,991,569

35,325,440

562,120

824,798

Capital Construction

8,368,140

2,651,403

2,751,549

1,822,140
369,178

2,185,142
271,006

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

6,964,579
1,463,934

6,844,724
1,049,873

2,191,318

2,456,148

Total Sports Facilities

39,022,412

8,428,513

7,894,597

12,300,444
634,858
25,126

12,730,172
532,494
71,752

Highway User Revenue:
Highway User Revenue
Interest
Other

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

50,382,606
2,500,094
626,026

49,770,489
1,879,963
119,105

12,960,428

13,334,418

165,420,836

53,508,726

51,769,557

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

7,931,303

4,003,310

Regional Transit Revenues

85,226,104

23,106,104

22,520,297

148,552

259,186

Community Reinvestment

11,092,101

1,126,791

969,290

12,828,016

1,074,765

Other Restricted Fees

54,049,463

8,115,922

1,332,800

461,851
8,642,234
2,161,868

404,603
12,299,148
1,553,479

Grants:
Public Housing:
Rentals
Grants
Other

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

1,299,426
57,424,776
7,398,177

1,622,315
53,354,697
13,477,977

11,265,953

14,257,230

326,904,208

66,122,379

68,454,989

5,373,750
3,090,483
243,239
3,816,037

3,392,403
5,219,134
20,298
1,559,232

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

10,907,031
(28,880,091)
129,936
20,437,138

9,530,572
(36,685,860)
(3,989,000)
(1,498,718)

12,523,509

10,191,067

Total Other

588,560,844

2,594,014

(32,643,006)

23,789,462

24,448,297

Total Grants

915,465,052

68,716,393

35,811,983

11,253,882
-

11,145,572
-

138,548,664
3,552,237

11,719,225
127,189

11,401,258
130

11,253,882

11,145,572

Total G.O. Bond/Secondary Property Tax

142,100,901

11,846,414

11,401,388

124,936,418

126,775,383

Total Special Revenue and Debt Service Funds

2,204,557,618

421,746,128

369,963,929

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
OCTOBER 31
2024
2023

Budget
Estimate
2024-2025

Source

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

Enterprise Funds
AVIATION:
$

12,287,510 $
36,244,092
2,529,656
182,681
300,924
367,173
679,556

11,107,142
35,050,117
1,801,092
244,385
278,733
325,035
565,757

52,591,592

49,372,261

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

$

49,202,776
140,918,069
9,656,684
981,498
1,276,527
1,522,197
2,634,844

$

44,083,423
125,657,653
6,551,194
1,104,696
1,123,936
1,289,996
2,161,770

595,697,397

206,192,595

181,972,668

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

23,231,656
9,248,359
2,549,177

24,710,708
8,361,597
1,645,273

131,090,300

35,029,192

34,717,578

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

249,626,034
855,972
4,623,992
4,717,802
1,316,070
4,455,763
417,964

215,707,499
1,019,285
4,363,624
3,614,484
2,188,740
4,086,663
21,449,854

715,024,563

266,013,597

252,430,149

CONVENTION CENTER:
5,386,367
2,420,384
672,971

8,301,922
2,659,901
452,005

8,479,722

11,413,828

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

57,523,278
202,196
487,768
1,229,417
432,480
1,075,565
407,054

50,404,776
252,593
534,556
199,187
558,600
1,103,374
590,788

61,357,758

53,643,874

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

21,898,094
2,318,509
418,320
1,317,449
2,352,596

19,085,210
(111,062)
535,740
1,054,045
2,393,478

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

85,670,424
9,310,873
1,255,770
5,187,049
9,436,021

72,169,249
5,671,903
2,110,920
4,047,829
6,573,048

28,304,968

22,957,411

Total Wastewater

310,693,562

110,860,137

90,572,949

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

62,524,553
5,303,363
708,487
4,207,397

60,708,219
5,373,062
636,016
3,787,665

208,590,677

72,743,800

70,504,962

1,961,096,499

690,839,321

630,198,306

SOLID WASTE:

$

15,633,618
1,293,456
178,605
889,806

15,191,141
1,403,066
159,512
747,512

17,995,485

17,501,231

168,729,525

154,888,605

436,174,993

$

452,014,350

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

$

25

6,009,262,690

$

1,669,369,577

$

1,595,547,281

Citywide Operating Expenditures by Program
For the Month Ended
OCTOBER 31
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
$

198,421 $
460,392
1,542,733
7,488,539
161,392
316,636
339,972
2,677,162
230,543
356,439
2,524,367
254,492
11,950
385,259
5,549,176
(1,641,614)

207,479
527,025
1,022,057
4,966,935
209,580
237,216
268,733
2,542,886
270,319
483,700
1,540,552
237,678
9,452
376,753
2,835,692
(316,120)

20,855,859

15,419,935

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

$

894,328
1,797,967
5,965,469
41,402,275
852,901
2,058,011
1,617,012
11,458,956
1,225,734
2,329,185
14,162,395
1,277,705
53,221
1,809,124
19,049,293
(2,214,160)

$

881,266
2,176,019
4,514,904
35,610,549
785,319
1,974,672
1,362,025
11,277,429
1,299,271
2,792,876
12,727,814
1,099,213
50,164
1,619,894
13,936,646
(556,132)

$

894,328
1,797,967
5,965,469
38,193,769
852,901
2,058,011
1,617,012
11,458,956
1,225,734
2,329,185
14,101,747
1,277,705
53,221
1,809,124
13,461,999
(2,214,160)

$

3,208,506
60,648
5,587,294
-

308,599,393

103,739,416

91,551,931

94,882,968

8,856,448

49,458,140
6,901,638

16,007,497
1,990,013

16,502,572
1,725,449

13,857,269
1,990,013

2,150,228
-

56,359,778

17,997,509

18,228,022

15,847,281

2,150,228

982,286,006
563,236,236
-

347,399,109
202,861,366
-

347,401,194
208,608,111
-

346,535,847
201,681,717
-

863,261
1,179,649
-

1,545,522,242

550,260,475

556,009,304

548,217,564

2,042,911

Criminal Justice
3,700,913
572,973

3,747,001
489,881

4,273,885

4,236,883

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

73,289,035
50,150,503
-

73,661,154
41,986,925
-

123,439,538

115,648,079

Police
Fire
Other
Total Public Safety
Transportation

8,323,859
1,500,340
36,469,294
3,873,790

8,388,424
725,112
33,408,483
7,158,432

Street Transportation
Street Lighting
Aviation
Public Transit

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

44,355,980
5,541,804
151,889,207
165,467,227

40,132,485
4,036,344
137,385,643
235,217,941

40,696,511
5,541,804
119,013,545
165,467,227

3,659,469
32,875,662
-

50,167,282

49,680,451

Total Transportation

996,750,019

367,254,218

416,772,412

330,719,087

36,535,131

Community Development
7,293,959
15,115,891
2,295,322
2,686,139

6,820,422
12,904,502
2,184,531
6,134,665

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

33,182,810
57,133,678
10,110,606
11,862,825

30,322,584
50,985,065
8,466,677
15,760,500

33,182,810
57,133,678
9,210,077
11,862,825

900,529
-

27,391,311

28,044,120

Total Community Development

456,376,029

112,289,920

105,534,826

111,389,391

900,529

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

57,940,096
20,444,922
46,705,673
4,520,012
56,365,164
6,072,466
4,207,608

57,629,408
18,285,104
35,223,740
4,253,412
83,473,453
4,360,135
2,923,106

57,808,371
20,444,922
38,809,557
56,340,949
6,072,466
4,207,608

131,725
7,896,117
4,520,012
24,215
-

506,330,641

196,255,941

206,148,358

183,683,872

12,572,068

Community Enrichment
11,462,645
3,173,144
5,544,902
1,129,823
10,771,234
162,318
1,279,382

11,245,875
3,357,020
3,777,047
1,063,173
11,640,792
111,517
395,986

33,523,447

31,591,411

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
OCTOBER 31
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
$

48,955,498 $
20,281,181
14,489,221
2,866,204
377,692
86,467

38,652,355
20,313,442
14,287,458
1,510,447
525,293
81,969

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

87,056,263

75,370,964

Total Environmental Services

$

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

$

162,999,008
75,913,964
72,051,927
20,166,882
1,547,040
421,504

$

165,478,744
79,043,196
63,566,665
16,093,386
1,694,822
463,779

$

113,264,293
55,377,933
68,719,510
16,244,325
1,547,040
421,504

$

49,734,715
20,536,031
3,332,417
3,922,556
-

1,096,874,014

333,100,325

326,340,592

255,574,606

77,525,720

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

1,962,815
9,705,138
2,123,779
131,943
2,734,644
222,642
1,030,653
253,420
5,465,387
2,041,591
157,558
8,631,756
4,529,851
378,254
362,477
34,560
150,000
2,958,800
4,097,615
10,600
107,143

4,223,446
7,718,623
33,500
4,943,231
208,775
1,009,888
186,250
4,297,408
2,256,000
125,808
5,728,330
4,191,274
362,477
200,000
5,926,200
3,804,094
11,000
107,143

1,962,815
9,705,138
2,123,779
131,943
2,734,644
222,642
1,030,653
253,420
5,465,387
2,041,591
157,558
8,631,756
4,529,851
378,254
362,477
34,560
150,000
2,958,800
4,097,615
10,600
107,143

-

General Obligation Debt Service

$

603,391
2,426,284
2,123,779
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
(1,078,063)
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

12,782,572

11,333,362

Total Debt Service

144,556,294

47,090,626

45,333,448

47,090,626

-

39,676,183

39,545,467

Capital Improvement

1,887,521,461

258,143,645

183,038,369

258,143,645

-

-

-

Non-Departmental Grants

28,580,178

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

399,166,342 $

370,870,671

Cultural Facilities
Downtown Development
Early Redemption
Economic Development
Fire Protection
Freeway Mitigation
Historic/Neighborhood Preservation
Human Services
Information Systems
Libraries
Maintenance Service Centers
Mountain Preserves/Parks
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

1,986,132,076

$

1,948,957,262

$

1,845,549,041

$

140,583,035

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 $
17,691,495
250,000
89,774,963
81,819,625
9,270,733
167,758,867
14,798,893
58,493,297
7,487,264
6,771,736
235,945,202
157,541,791
40,233,224
26,640,851
488,961,069
8,277,823
609,358,247

$
1,198,582
15,677,622
8,687,359
4,689,065
8,919,602
9,772,238
3,872,469
925,173
60,409
30,807,440
39,398,669
243,173
1,264,770
9,590,512
1,183,134
59,334,347

51,245
6,895,376
4,088,916
2,819,670
24,215,542
10,328,431
5,943,553
6,196,634
270,649
62,330
26,989,645
12,385,881
8,357,398
1,659,623
18,740,092
36,603,891

$

$
12,441,495
250,000
42,540,638
5,689,208
6,500,000
135,386,133
14,482,338
33,122,986
5,396,153
6,771,736
16,450,000
121,395,599
6,796,223
488,961,069
2,277,823
278,909,637

1,198,582
922,516
880,055
4,689,065
7,032,548
9,767,768
3,869,082
807,967
60,409
2,431,976
24,852,269
460,056
9,590,512
1,183,134
46,790,470

$

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

14,755,106
7,807,304
1,887,054
4,471
3,387
117,206
28,375,464
14,546,400
243,173
804,713
12,543,877

$

2,620,884
16,492,913
250,000
74,097,341
73,132,266
4,581,668
158,839,265
5,026,655
54,620,828
6,562,091
6,711,327
205,137,762
118,143,122
39,990,051
25,376,081
479,370,557
7,094,689
550,023,900

$

2,023,695,964 $

195,624,564 $

165,608,877

$

1,177,371,038 $

114,536,411

$

846,324,926 $

81,088,153

$

1,828,071,400

$

$

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

$ 223,011,215
5,171,595
10,180,918
348,725,670
31,885,227
$ 618,974,624

$

4,569,143,917

$ 814,599,189

$

$

70,407,257
5,283,524
11,480,132
42,981,973
25,261,254
155,414,141

$

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

82,297,917
841,783
3,710,253
39,773,634
16,983,647
$ 143,607,234

$

321,023,017

$ 1,887,521,461

$ 258,143,645

28

$

$

$

$

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

$

2,681,622,456

$

$

140,713,298
4,329,812
6,470,665
308,952,036
14,901,580
475,367,390

$

$

945,836,060
63,298,539
24,527,157
295,714,245
597,097,327
1,926,473,329

$

556,455,543

$

3,754,544,728

Bonds Authorized and Sold
As of OCTOBER 31
(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