November 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

November 30, 2024
To the Mayor and City Council:
This is the City's Financial Report for November, the fifth 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 19, 2025

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

Expected

Transportation

2

Better than Expected
Better than Expected

Community Development

2

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

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

Page

Performance Status

General Fund Total Operating Revenue

10

Expected

Property Tax

11

Monitor and Consider Taking Action

Local Sales Tax

12

Expected

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Better than Expected

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

Total General Fund

Annual
November YTD
Expenditures Expenditures *
570,279
1,371,152
617,214
1,470,251
688,027
1,623,808
815,934
1,844,878
846,823
1,982,884

% of Annual
Expenditures
41.6%
42.0%
42.4%
44.2%
42.7%

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

$2,500,000
November 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 November are 3.8% 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

General Government

Annual
% of Annual
November YTD
Expenditures Expenditures * Expenditures
Fiscal Year
20-21
41.4%
63,801
154,211
21-22
46.3%
74,961
161,907
22-23
44.2%
84,385
190,945
23-24
44.4%
99,854
224,802
24-25
46.4%
118,072
254,259
* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$300,000
$250,000

November 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 November are 18.2% 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

Annual
November YTD
Expenditures Expenditures *
15,095
16,259
17,281
19,008
19,465

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

% of Annual
Expenditures
41.7%
40.6%
40.8%
43.5%
41.1%

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

$50,000
November 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 November are 2.4% 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

Public Safety

Annual
November YTD
Expenditures Expenditures *
Fiscal Year
20-21
390,569
925,920
21-22
409,014
992,648
22-23
452,591
1,082,562
23-24
541,884
1,230,311
24-25
545,712
1,248,049

% of Annual
Expenditures
42.2%
41.2%
41.8%
44.0%
43.7%

$1,500,000
November 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

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 November are 0.7% higher 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

Annual
November YTD
Expenditures Expenditures *
8,640
10,097
12,033
10,421
10,333

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

% of Annual
Expenditures
39.0%
43.6%
48.5%
41.7%
40.9%

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

$30,000
$25,000
November 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 November are 0.8% 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

Annual
November YTD
Expenditures Expenditures *
9,956
24,114
11,138
28,225
13,023
32,420
15,573
37,484
16,872
41,362

Community Development
% of Annual
Expenditures
41.3%
39.5%
40.2%
41.5%
40.8%

$50,000
November 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 November are 8.3% 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
44.7%
45.1%
46.9%
46.6%
44.5%

$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
November YTD
Expenditures Expenditures *
70,922
158,589
78,290
173,631
89,425
190,780
102,658
220,465
105,345
236,705

November 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 November are
2.6% 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

Annual
November YTD
Expenditures Expenditures *
8,162
20,905
13,416
26,508
12,043
28,329
17,348
29,088
18,437
38,051

Environmental Services
% of Annual
Expenditures
39.0%
50.6%
42.5%
59.6%
48.5%

$40,000
November 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 November are 6.3% 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

Annual
November YTD
Expenditures Expenditures *
1,693,614
4,163,122
2,030,164
4,488,949
2,189,967
4,737,610
2,379,210
5,258,576
2,372,829
7,027,470

Total Citywide
% of Annual
Expenditures
40.7%
45.2%
46.2%
45.2%
33.8%

* 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
November 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 November are 0.3% lower than the same period in the prior fiscal year.

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

Annual
November YTD
Expenditures Expenditures *
95,595
207,451
80,041
238,925
114,813
246,244
114,644
264,112
132,315
308,599

General Government
% of Annual
Expenditures
46.1%
33.5%
46.6%
43.4%
42.9%

$400,000
November 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 November are 15.4% 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

Annual
November YTD
Expenditures Expenditures *
18,631
44,147
19,170
47,054
20,301
49,422
22,443
51,475
23,177
56,360

% of Annual
Expenditures
42.2%
40.7%
41.1%
43.6%
41.1%

$80,000
November 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 November are 3.3% higher than the same period in the prior
fiscal year.

4

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Public Safety

Public Safety
% of Annual
Expenditures
42.4%
41.6%
42.5%
45.1%
44.1%

$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
November YTD
Expenditures Expenditures *
476,226
1,122,901
511,477
1,228,901
575,617
1,354,421
671,686
1,487,934
681,998
1,545,522

November 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 November are 1.5% higher than the same period in the prior fiscal year.

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

Transportation

Annual
November YTD
Expenditures Expenditures *
394,525
786,597
499,601
797,084
504,683
792,941
519,955
853,535
419,463
996,750

% of Annual
Expenditures
50.2%
62.7%
63.6%
60.9%
42.1%

$1,000,000
$800,000

November 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 November are 19.3% 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

Annual
November YTD
Expenditures Expenditures *
102,567
245,310
92,181
227,960
108,877
270,479
132,110
327,281
137,470
456,376

Community Development
% of Annual
Expenditures
41.8%
40.4%
40.3%
40.4%
30.1%

$500,000
November 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 November are 4.1%
higher than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
% of Annual
Expenditures
43.6%
43.7%
49.0%
48.0%
45.4%

$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
November YTD
Expenditures Expenditures *
170,427
390,805
183,585
420,501
220,689
450,218
227,959
474,707
229,728
506,331

Community Enrichment
November 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 November are
0.8% higher than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
42.0%
45.7%
42.2%
45.2%
36.1%

$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
November YTD
Expenditures Expenditures *
308,609
734,733
344,196
752,386
350,444
830,101
405,026
897,028
395,910
1,096,874

November 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 November are 2.3% 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

Annual
November YTD
Expenditures Expenditures *
55,179
131,938
54,758
131,081
131,406
207,854
56,667
136,000
60,016
144,556

General Obligation Debt Service
% of Annual
Expenditures
41.8%
41.8%
63.2%
41.7%
41.5%

$240,000
November 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

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 November 2024 are 5.9% 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

$

239,608

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

$

198,428

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

6,104

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

10,203

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

364,055

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

40,737

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

November 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

November
YTD
Revenues
635,240
612,425
687,979
766,960
736,225

21-22

22-23

23-24

24-25

Annual
% of Annual
Revenues* Revenues
1,491,537
42.6%
1,508,526
40.6%
1,695,886
40.6%
1,905,441
40.3%
1,843,609
39.9%

* 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 November are 4.0% 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

39,888

40,000

63,868

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
103,756
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
73,938
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
63,868
39,888
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
Monitor and Consider Taking Action
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

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

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
Nov November
52,188 233,110
60,971 259,074
35,837 274,696
51,239 296,549
58,899 297,533
55,587 295,220

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 November are 0.8% 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 November fiscal year 2024-25 Local Sales Tax revenues increased 0.3% 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

Jan

Feb

Mar

Apr

May

June

YTD thru
Nov
November
13,095
81,650
15,097
94,304
17,357 102,698
24,288 112,123
24,429 114,144
19,667 110,046

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
Better than 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 November are 3.7% 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 November fiscal year 2024-25 State Sales Tax revenues increased 1.8% 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

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

Dec

Jan

YTD thru
Nov
November
4,608
35,933
4,862
33,976
5,183
34,698
6,005
35,994
6,881
37,968
5,512
37,513

Feb

Mar

Apr

May

June

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
Better than Expected
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 November are 1.2%
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 November fiscal year 2024-25 Vehicle License Tax revenues increased 5.5% 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

Jan

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

Nov
298,362
324,875
300,162
356,376
350,378
396,708

YTD thru
November
1,060,177
1,091,157
1,154,461
1,321,725
1,328,907
1,416,205

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 November are 6.2% 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 November fiscal year 2024-25 Governmental Funds revenues increased 0.5% 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
Nov November
23,880 100,171
36,031 166,917
66,192 191,078
49,349 231,322
53,828 260,021
48,700 191,380

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
November are 35.9% 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 November fiscal year 2024-25 Aviation Operating revenues increased 12.4% 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

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

Dec

Jan

YTD thru
Nov
November
42,280 253,397
41,784 228,857
40,352 248,540
49,293 301,723
53,271 319,285
59,213 351,960

Feb

Mar

Apr

May

June

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 November are
9.3% 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 November fiscal year 2024-25 Water Operating revenues increased 5.8% 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

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

Dec

Jan

YTD thru
November
Nov
18,577 106,651
21,720 110,961
25,044 107,518
24,163 114,736
22,479 133,339
25,179 123,742

Feb

Mar

Apr

May

June

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
November are 7.8% 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 November fiscal year 2024-25 Wastewater Operating revenues increased 16.2% 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 NOVEMBER 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

297,533 $
817

296,549
943

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

114,144
146,257
37,968
63,868
1,107
1,566

112,123
181,564
35,994
87,997
1,169
1,692

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

3,495
354
6,677
223
3,837
583
3,587

3,485
307
6,687
216
3,718
570
7,626

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

19,729
363
9,159
14,389
10,571

(7,341)
330
7,739
12,229
13,362

1,843,609

19

$

$

736,225

$

766,960

General Fund Expenditures
As of NOVEMBER 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

$

1,086 $
2,259
5,292
48,377
2,391
1,580
13,575
1,597
2,676
15,909
2,258
18,827
2,245
118,072

1,080
2,644
5,215
37,928
2,300
1,424
13,346
1,592
3,498
14,009
2,050
12,732
2,036
99,854

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

16,921
2,545
19,465

16,759
2,249
19,008

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

341,826
203,886
545,712

327,228
214,656
541,884

Transportation
Street Transportation
Total Transportation

25,252
25,252

10,333
10,333

10,421
10,421

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

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

4,652
9,257
2,745
218
16,872

3,685
8,381
2,326
1,182
15,573

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

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

59,695
23,253
14,793
7,604
105,345

59,125
21,109
16,245
6,180
102,658

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

17,419
580
438
18,437

16,240
656
453
17,348

Capital Improvement

91,824

12,586

9,186

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

846,823 $

815,934

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 NOVEMBER 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

$

297,533 $
817

296,549
943

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

114,144
146,257
37,968
63,868
1,107
1,566
3,849
6,677
223
3,837
583
3,587
29,251
14,389
10,571

112,123
181,564
35,994
87,997
1,169
1,692
3,792
6,687
216
3,718
570
7,626
728
12,229
13,362

1,843,609

736,226

766,960

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

20,661
56,030
23,047
4,009
156,441
1,103
39,804
3,140
11,006
66,837
28,870
1,326
14,685
125,706
40,015

20,719
47,971
22,556
3,789
160,818
(2,697)
44,048
3,357
10,928
63,773
30,143
765
7,419
83,387
57,790

2,204,558

592,682

554,765

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

260,021
46,061
319,285
133,339
90,681

231,322
43,435
301,723
114,736
87,923

1,961,096

849,387

779,139

6,009,263

21

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

$

$ 2,178,295 $ 2,100,864

Citywide Operating Expenditures
As of NOVEMBER 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

118,072 $
14,243
132,315

99,854
14,790
114,644

47,381
8,979
56,360

19,465
3,712
23,177

19,008
3,435
22,443

Public Safety
General Funds
Other Funds
Total Public Safety

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

545,712
136,286
681,998

541,884
129,802
671,686

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

10,333
409,130
419,463

10,421
509,534
519,955

Community Development
General Funds
Other Funds
Total Community Development

41,362
415,014
456,376

16,872
120,598
137,470

15,573
116,537
132,110

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

105,345
124,383
229,728

102,658
125,301
227,959

Environmental Services
General Funds
Other Funds
Total Environmental Services

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

18,437
377,473
395,910

17,348
387,678
405,026

144,556
144,556

60,016
60,016

56,667
56,667

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

12,586
280,166
292,752

9,186
219,533
228,719

$

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

846,822
1,526,007
2,372,829 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

815,932
1,563,277
2,379,210

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
NOVEMBER 30
2024
2023

Budget
Estimate
2024-2025

Source

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

General Funds
$

51,238,312
416,509

Local Taxes:
Sales Taxes
Privilege License Fees

59,247,277

51,654,821

Total Local Taxes

737,081,103

298,349,991

297,491,984

24,429,220
29,251,332
6,880,463

24,288,074
36,312,872
6,004,843

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

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

114,144,046
146,256,660
37,967,640

112,123,432
181,564,360
35,994,267

60,561,015

66,605,789

699,105,000

298,368,346

329,682,059

45,769,090

70,136,692

Primary Property Tax

215,419,000

63,867,694

87,996,695

58,899,280
347,997

$

$

Total State Shared Taxes

733,577,953
3,503,150

$

297,533,047
816,944

$

296,548,729
943,255

219,867

287,548

Licenses and Permits

3,064,000

1,107,369

1,168,690

1,643,062

1,828,345

Cable Communications

6,580,000

1,566,214

1,692,488

609,678
54,165

625,452
51,923

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

3,495,402
353,734

3,485,085
307,400

663,843

677,375

9,117,450

3,849,136

3,792,485

3,336,282

1,689,854

15,105,423

6,677,233

6,687,307

18,474

16,275

452,312

222,847

215,831

525,523

1,123,274

Parks and Recreation

6,623,940

3,837,086

3,717,630

121,809

109,510

Planning and Development

2,141,580

583,188

570,058

762,156

521,827

Street Transportation

8,013,181

3,586,656

7,625,827

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

19,729,245
362,984
9,158,943

(7,340,916)
330,054
7,738,543

96,162,491

29,251,172

727,681
12,229,217

Total Municipal Court
Police
Library Fees

2,759,350
68,859
476,874

(33,124,536)
74,904
325,974

3,305,083

(32,723,658)

2,492,493

2,633,779

Interest

21,589,000

14,388,550

775,906

7,013,451

Other Fees and Service Charges

23,154,093

10,570,526

13,361,976

179,441,880

171,574,882

1,843,608,573

736,226,008

766,959,928

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
2,818,124
201,294
1,006,473
55,970

2,754,732
196,767
983,833
61,574

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

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

14,228,485
1,016,320
5,081,602
335,052

14,277,596
1,019,828
5,099,141
322,453

4,081,861

3,996,906

Total Neighborhood Protection

56,849,809

20,661,459

20,719,018

8,863,407
3,094,796
85,404

8,451,241
2,894,763
75,057

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

41,679,182
13,742,875
607,971

36,771,433
10,694,163
505,459

12,043,607

11,421,061

146,108,070

56,030,028

47,971,055

4,447,564

4,382,136

58,684,199

23,047,385

22,555,668

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
NOVEMBER 30
2024
2023
$

758,434
307,884
23,335
62,769

$

Budget
Estimate
2024-2025

Source

765,186
308,561
16,094
62,006

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
$

2,266,267
1,347,047
133,533
262,501

$

2,296,144
1,205,065
78,221
210,036

1,152,422

1,151,847

Total Golf Courses

12,279,180

4,009,348

3,789,466

27,572,682
2,099,059

26,890,306
4,694,093

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

139,291,176
17,150,191

139,314,047
21,503,805

29,671,741

31,584,399

422,747,900

156,441,367

160,817,852

640,821

432,922

Court Awards

5,010,751

1,102,722

(2,696,760)

4,812,672

8,722,148

Planning and Development

82,132,700

39,804,241

44,047,588

488,558

605,561

Capital Construction

8,368,140

3,139,961

3,357,110

2,257,736
319,988

2,090,502
943,356

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

9,222,315
1,783,922

8,935,226
1,993,229

2,577,724

3,033,858

Total Sports Facilities

39,022,412

11,006,237

10,928,455

12,758,206
536,897
33,224

11,280,391
531,232
192,218

Highway User Revenue:
Highway User Revenue
Interest
Other

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

63,140,812
3,036,991
659,250

61,050,880
2,411,195
311,323

13,328,327

12,003,841

165,420,836

66,837,053

63,773,398

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,764,392

7,622,366

Regional Transit Revenues

85,226,104

28,870,496

30,142,663

199,407

(204,785)

Community Reinvestment

11,092,101

1,326,198

764,505

6,568,605

6,085,842

Other Restricted Fees

54,049,463

14,684,527

7,418,642

823,369
13,304,099
1,346,967

422,327
10,481,224
2,133,506

Grants:
Public Housing:
Rentals
Grants
Other

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

2,122,795
70,728,875
8,745,144

2,044,642
63,835,921
15,611,483

15,474,435

13,037,057

326,904,208

81,596,814

81,492,046

5,585,236
33,881,001
76,454
1,972,138

3,875,678
5,317,830
1,105,665
24,238,850

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

16,492,267
5,000,910
206,390
22,409,276

13,406,250
(31,368,030)
(2,883,335)
22,740,132

41,514,829

34,538,023

Total Other

588,560,844

44,108,843

1,895,017

56,989,264

47,575,080

Total Grants

915,465,052

125,705,657

83,387,063

28,168,444
-

44,959,149
1,429,116

138,548,664
3,552,237

39,887,669
127,189

56,360,407
1,429,246

28,168,444

46,388,265

Total G.O. Bond/Secondary Property Tax

142,100,901

40,014,858

57,789,653

170,935,409

184,801,447

Total Special Revenue and Debt Service Funds

2,204,557,618

592,681,537

554,765,376

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
NOVEMBER 30
2024
2023

Budget
Estimate
2024-2025

Source

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

Enterprise Funds
AVIATION:
$

12,967,628 $
37,014,760
2,285,195
175,881
381,478
402,069
601,533

11,281,729
34,431,736
1,841,236
487,794
411,175
332,264
563,048

53,828,544

49,348,982

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

$

62,170,404
177,932,829
11,941,879
1,157,379
1,658,005
1,924,266
3,236,377

$

55,365,152
160,089,389
8,392,430
1,592,490
1,535,111
1,622,260
2,724,818

595,697,397

260,021,139

231,321,650

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

29,661,839
13,237,132
3,162,322

30,991,227
10,327,176
2,116,342

131,090,300

46,061,293

43,434,745

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

299,842,588
1,002,546
5,093,322
5,176,872
1,537,290
5,602,812
1,029,451

262,447,045
1,211,380
4,859,178
4,632,132
2,964,360
5,198,177
20,410,616

715,024,563

319,284,881

301,722,888

CONVENTION CENTER:
6,430,183
3,988,773
613,145

6,280,519
1,965,579
471,069

11,032,101

8,717,167

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

50,216,554
146,574
469,330
459,070
221,220
1,147,049
611,487

46,739,546
192,095
495,554
1,017,648
775,620
1,111,514
(1,039,238)

53,271,284

49,292,739

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

20,862,016
314
230,760
1,170,783
214,803

18,988,377
1,909,312
731,940
1,053,626
1,479,915

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

106,532,440
9,311,187
1,486,530
6,357,832
9,650,824

91,157,626
7,581,215
2,842,860
5,101,455
8,052,963

22,478,676

24,163,170

Total Wastewater

310,693,562

133,338,813

114,736,119

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

78,166,331
6,422,217
862,904
5,229,510

75,901,401
6,617,738
792,368
4,611,601

208,590,677

90,680,962

87,923,108

1,961,096,499

849,387,088

779,138,510

SOLID WASTE:

$

15,641,778
1,118,854
154,417
1,022,113

15,193,182
1,244,676
156,352
823,936

17,937,162

17,418,146

158,547,767

148,940,204

508,925,056

$

505,316,533

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

$

25

6,009,262,690

$

2,178,294,633

$

2,100,863,814

Citywide Operating Expenditures by Program
For the Month Ended
NOVEMBER 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
$

191,350 $
461,290
1,766,040
11,481,869
115,117
337,366
178,547
2,787,267
371,088
346,699
1,822,671
282,881
11,276
449,302
7,541,778
430,690

198,571
468,324
1,059,939
7,928,068
106,379
331,701
280,011
2,771,512
292,933
704,981
2,012,533
264,430
14,109
430,161
4,591,316
1,637,506

28,575,231

23,092,473

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

$

1,085,678
2,259,257
7,731,509
52,884,144
968,018
2,395,377
1,795,559
14,246,223
1,596,822
2,675,884
15,985,066
1,560,585
64,498
2,258,427
26,591,070
(1,783,470)

$

1,079,837
2,644,343
5,574,843
43,538,617
891,697
2,306,373
1,642,036
14,048,941
1,592,204
3,497,857
14,740,347
1,363,643
64,273
2,050,055
18,527,962
1,081,374

$

1,085,678
2,259,257
7,731,509
48,744,060
968,018
2,395,377
1,795,559
14,246,223
1,596,822
2,675,884
15,909,257
1,560,585
64,498
2,258,427
19,557,393
(1,783,470)

$

4,140,084
75,809
7,033,677
-

308,599,393

132,314,647

114,644,404

121,065,076

11,249,571

49,458,140
6,901,638

20,632,462
2,544,833

20,193,751
2,248,765

17,944,947
2,544,833

2,687,515
-

56,359,778

23,177,295

22,442,516

20,489,780

2,687,515

982,286,006
563,236,236
-

435,200,443
246,797,814
-

421,862,305
249,824,160
-

434,084,277
245,268,996
-

1,116,166
1,528,818
-

1,545,522,242

681,998,257

671,686,464

679,353,273

2,644,984

Criminal Justice
4,624,965
554,821

3,691,179
523,315

5,179,786

4,214,495

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

87,801,334
43,936,448
-

74,461,111
41,216,049
-

131,737,782

115,677,160

Police
Fire
Other
Total Public Safety
Transportation

9,750,285
827,084
37,490,026
4,141,495

9,965,377
842,685
34,790,409
57,584,297

Street Transportation
Street Lighting
Aviation
Public Transit

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

54,106,265
6,368,888
189,379,233
169,608,722

50,097,861
4,879,029
172,176,051
292,802,238

50,059,997
6,368,888
148,291,174
169,608,722

4,046,268
41,088,059
-

52,208,890

103,182,767

Total Transportation

996,750,019

419,463,108

519,955,179

374,328,781

45,134,327

Community Development
6,555,915
14,159,538
1,808,402
2,655,735

7,936,945
13,929,191
1,708,257
3,000,674

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

39,738,725
71,293,217
11,919,008
14,518,560

38,259,529
64,914,256
10,174,934
18,761,174

39,738,725
71,293,217
10,793,527
14,518,560

1,125,481
-

25,179,590

26,575,068

Total Community Development

456,376,029

137,469,510

132,109,894

136,344,029

1,125,481

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

68,902,927
23,722,117
51,156,604
5,649,835
68,533,756
6,719,408
5,042,908

67,957,719
21,641,289
39,576,043
5,316,585
85,073,539
5,031,010
3,362,827

68,738,270
23,722,117
41,286,708
68,503,488
6,719,408
5,042,908

164,657
9,869,896
5,649,835
30,268
-

506,330,641

229,727,555

227,959,012

214,012,899

15,714,655

Community Enrichment
10,962,831
3,277,195
4,450,931
1,129,823
12,168,593
646,942
835,300

10,328,311
3,356,185
4,352,304
1,063,173
1,600,086
670,875
439,721

33,471,614

21,810,654

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
NOVEMBER 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
$

32,701,830 $
13,397,164
13,638,750
2,411,073
538,020
123,118

44,700,232
16,427,683
12,434,728
4,702,744
371,663
48,170

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

62,809,955

78,685,220

Total Environmental Services

$

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

$

195,700,838
89,311,128
85,690,677
22,577,955
2,085,060
544,622

$

210,178,976
95,470,880
76,001,393
20,796,130
2,066,485
511,949

$

134,690,117
63,653,087
81,525,156
17,623,376
2,085,060
544,622

$

61,010,722
25,658,042
4,165,521
4,954,579
-

1,096,874,014

395,910,280

405,025,812

300,121,418

95,788,863

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

2,566,207
12,131,422
2,123,779
187,414
3,487,492
278,302
1,292,791
321,068
6,831,734
2,560,629
196,948
10,893,683
5,716,392
567,381
453,097
1,223,395
150,000
3,698,500
5,188,906
13,250
133,929

5,279,308
9,648,278
41,875
6,179,039
260,969
1,262,359
232,813
5,371,761
2,820,001
157,260
7,160,413
5,239,092
453,096
12
250,000
7,407,750
4,755,118
13,750
133,929

2,566,207
12,131,422
2,123,779
187,414
3,487,492
278,302
1,292,791
321,068
6,831,734
2,560,629
196,948
10,893,683
5,716,392
567,381
453,097
1,223,395
150,000
3,698,500
5,188,906
13,250
133,929

-

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
1,188,835
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
12
50,000
1,481,550
951,024
2,750
26,786

12,925,691

11,333,374

Total Debt Service

144,556,294

60,016,318

56,666,822

60,016,318

-

34,608,734

45,681,066

Capital Improvement

1,887,521,461

292,752,380

228,719,435

292,752,380

-

-

-

Non-Departmental Grants

28,580,178

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

386,697,273 $

430,252,277

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

2,372,829,349

$

2,379,209,539

$

2,198,483,953

$

174,345,396

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

$
170,455
16,616,915
9,041,421
4,666,115
11,207,875
10,871,209
11,656,333
948,747
66,666
37,549,272
42,387,486
9,282,940
1,798,497
10,530,505
1,183,134
71,630,170

53,714
6,919,262
5,041,952
2,939,862
24,315,411
11,992,873
6,258,427
7,333,724
274,585
70,278
34,218,683
16,228,509
8,357,398
2,194,359
23,123,792
40,823,723

$

$
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

170,455
1,660,224
930,633
4,665,955
8,590,148
10,863,293
4,514,269
831,541
66,666
2,431,976
27,818,623
983,342
10,530,505
1,183,134
56,197,455

$

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

14,956,691
8,110,789
160
2,617,727
7,916
7,142,065
117,206
35,117,296
14,568,863
9,282,940
815,156
15,432,714

$

2,620,884
17,521,040
250,000
73,158,048
72,778,204
4,604,618
156,550,992
3,927,684
46,836,964
6,538,517
6,705,070
198,395,930
115,154,305
30,950,284
24,842,354
478,430,564
7,094,689
537,728,077

$

2,023,695,964 $

239,607,743 $

190,146,552

$

1,177,371,038 $

131,438,220

$

846,324,926 $

108,169,523

$

1,784,088,221

$

$

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

$ 198,428,230
6,104,185
10,202,868
364,055,329
40,737,184
$ 619,527,796

$

4,569,143,917

$ 859,135,538

$

$

71,904,909
6,462,598
11,712,148
58,371,806
47,463,339
195,914,800

$

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

87,145,574
900,619
3,731,909
46,014,669
23,521,389
$ 161,314,160

$

386,061,352

$ 1,887,521,461

$ 292,752,380

28

$

$

$

$

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

$

2,681,622,456

$

$

111,282,656
5,203,567
6,470,959
318,040,660
17,215,794
458,213,636

$

$

970,419,045
62,365,949
24,505,207
280,384,586
588,245,370
1,925,920,158

$

566,383,159

$

3,710,008,379

Bonds Authorized and Sold
As of NOVEMBER 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