December 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

December 31, 2024
To the Mayor and City Council:
This is the City's Financial Report for December, the sixth 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 25, 2025

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

Page

Performance Status

General Fund Expenditures
General Fund Total Expenditures

1

Better than Expected

General Government

1

Better than Expected

Criminal Justice

1

Better than Expected

Public Safety

2

Expected

Transportation

2

Better than Expected

Community Development

2

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

Monitor and Consider Taking Action

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
Monitor and Consider Taking Action

Property Tax

11

Local Sales Tax

12

Better than Expected

State Sales Tax

13

Monitor and Consider Taking Action

Vehicle License Tax

14

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
December YTD
Expenditures Expenditures *
697,112
1,371,152
742,916
1,470,251
820,189
1,623,808
962,482
1,844,878
994,839
1,982,884

% of Annual
Expenditures
50.8%
50.5%
50.5%
52.2%
50.2%

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

$2,500,000
December 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 December are 3.4% 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

General Government

Annual
% of Annual
December YTD
Expenditures Expenditures * Expenditures
51.2%
78,917
154,211
53.1%
86,053
161,907
51.5%
98,323
190,945
53.4%
120,120
224,802
52.8%
134,193
254,259

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

$300,000
$250,000

December YTD
Expenditures

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

Annual
Expenditures *

$50,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

General government expenditures include costs for administrative and internal service functions such as the Mayor and City Council, City Manager’s Office, City Auditor, Finance,
Budget and Research, and Human Resources. Fiscal year 2024-25 budgeted general fund expenditures are 13.1% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25
actual general fund expenditures through December are 11.7% 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
December YTD
Expenditures Expenditures *
18,114
19,191
20,562
22,273
23,000

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

% of Annual
Expenditures
50.1%
48.0%
48.5%
51.0%
48.5%

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

$50,000
December 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 December are 3.3% 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

Annual
December YTD
Expenditures Expenditures *
477,436
501,346
548,704
642,194
645,452

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

% of Annual
Expenditures
51.6%
50.5%
50.7%
52.2%
51.7%

$1,500,000
December 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 December are 0.5% 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
December YTD
Expenditures Expenditures *
13,351
11,789
14,000
12,576
12,531

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

% of Annual
Expenditures
60.3%
50.9%
56.4%
50.3%
49.6%

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

$30,000
$25,000
December 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 December are 0.4% lower than the same period in fiscal year 202324.
General fund transportation expenditures increased 0.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 7.2% from 2022-23 over 2021-22 and an
increase of 4.6% from 2021-22 over 2020-21 fiscal results.

Community Development

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

Annual
December YTD
Expenditures Expenditures *
12,012
24,114
13,114
28,225
14,976
32,420
18,138
37,484
20,150
41,362

Community Development
% of Annual
Expenditures
49.8%
46.5%
46.2%
48.4%
48.7%

$50,000
December 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

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 December are 11.1%
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
51.5%
53.4%
53.8%
53.6%
51.4%

$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
December YTD
Expenditures Expenditures *
81,691
158,589
92,643
173,631
102,666
190,780
118,252
220,465
121,627
236,705

December 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 December are
2.9% 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
December YTD
Expenditures Expenditures *
11,944
20,905
16,407
26,508
13,532
28,329
18,989
29,088
20,536
38,051

Environmental Services
% of Annual
Expenditures
57.1%
61.9%
47.8%
65.3%
54.0%

$40,000
December 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 December are 8.1% 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
December YTD
Expenditures Expenditures *
2,063,371
4,163,122
2,363,671
4,488,949
2,516,561
4,737,610
2,740,243
5,258,576
2,796,830
7,027,470

Total Citywide
% of Annual
Expenditures
49.6%
52.7%
53.1%
52.1%
39.8%

* 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
December 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 December are 2.1% higher than the same period in the prior fiscal year.

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

Annual
December YTD
Expenditures Expenditures *
112,729
207,451
93,797
238,925
134,285
246,244
137,886
264,112
154,925
308,599

General Government
% of Annual
Expenditures
54.3%
39.3%
54.5%
52.2%
50.2%

$400,000
December 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 December are 12.4% 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
December YTD
Expenditures Expenditures *
22,157
44,147
22,749
47,054
23,880
49,422
26,380
51,475
27,691
56,360

% of Annual
Expenditures
50.2%
48.3%
48.3%
51.2%
49.1%

$80,000
December 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 December are 5.0% 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
51.8%
50.9%
51.4%
53.3%
51.9%

$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
December YTD
Expenditures Expenditures *
581,532
1,122,901
625,978
1,228,901
696,546
1,354,421
793,006
1,487,934
802,174
1,545,522

December 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 December are 1.2% 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
December YTD
Expenditures Expenditures *
436,656
786,597
541,896
797,084
521,290
792,941
565,932
853,535
525,343
996,750

% of Annual
Expenditures
55.5%
68.0%
65.7%
66.3%
52.7%

$1,000,000
$800,000

December 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 December are 7.2% 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
December YTD
Expenditures Expenditures *
136,451
245,310
110,076
227,960
130,647
270,479
162,459
327,281
167,951
456,376

Community Development
% of Annual
Expenditures
55.6%
48.3%
48.3%
49.6%
36.8%

$500,000
December 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 December are 3.4%
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
50.6%
55.4%
58.3%
54.4%
52.1%

$600,000

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

$0

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

Annual
December YTD
Expenditures Expenditures *
197,867
390,805
233,060
420,501
262,551
450,218
258,081
474,707
264,006
506,331

Community Enrichment
December 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 December are
2.3% higher than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
51.6%
54.3%
50.8%
52.1%
41.5%

$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
December YTD
Expenditures Expenditures *
379,411
734,733
408,307
752,386
421,958
830,101
467,734
897,028
455,377
1,096,874

December 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 December are 2.6% 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
December YTD
Expenditures Expenditures *
66,144
131,938
65,710
131,081
142,432
207,854
68,000
136,000
73,381
144,556

General Obligation Debt Service
% of Annual
Expenditures
50.1%
50.1%
68.5%
50.0%
50.8%

$240,000
December 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

Monitor and Consider Taking Action
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 December 2024 are 7.9% 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

$

284,017

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

$

202,847

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

9,892

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

23,492

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

371,447

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

49,086

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

December 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

December
YTD
Revenues
753,782
745,159
839,058
967,697
925,673

21-22

22-23

23-24

24-25

Annual
% of Annual
Revenues* Revenues
1,491,537
50.5%
1,508,526
49.4%
1,695,886
49.5%
1,905,441
50.8%
1,843,609
50.2%

* 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 December are 4.3% 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

70,675

120,000
80,000

215,419

206,393

201,050

192,215

182,043

109,651

40,000
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
180,326
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
76,570
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
109,651
70,675
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

Dec

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

Nov
52,188
60,971
35,837
51,239
58,899
55,587

Jan

Feb

Mar

Apr

May

June

YTD thru
Dec December
39,837 272,947
53,633 312,707
59,276 333,972
62,777 359,326
74,602 372,135
59,832 355,052

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

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

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

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

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

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

Year to Date Performance Status
Better than Expected
Local Sales Tax for fiscal year 2024-25 are budgeted to increase 0.9% over fiscal year 2023-24 actual results. Year-to-date Local Sales Tax through December are 4.8% 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 December fiscal year 2024-25 Local Sales Tax revenues increased 3.6% 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

Nov
13,095
15,097
17,357
24,288
24,429
19,667

Jan

Feb

Mar

Apr

May

June

YTD thru
Dec
December
19,640 101,290
23,860 118,164
22,501 125,199
21,627 133,750
18,732 132,876
24,677 134,723

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

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

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

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

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

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

Year to Date Performance Status
Monitor and Consider Taking Action
State Sales Tax for fiscal year 2024-25 are budgeted to increase 4.1% over fiscal year 2023-24 actual results. Year-to-date State Sales Tax through December are 1.4% lower than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget. Monthly
budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through December fiscal year 2024-25 State Sales Tax revenues decreased 0.7% 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

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

Nov

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

Dec

Nov
4,608
4,862
5,183
6,005
6,881
5,512

Jan

Feb

YTD thru
Dec
December
6,529
42,462
6,537
40,513
6,555
41,253
6,781
42,775
6,563
44,531
7,044
44,557

Mar

Apr

May

June

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
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 December are 0.1%
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 December fiscal year 2024-25 Vehicle License Tax revenues increased 4.1% 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

Feb

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

Dec
236,818
253,979
275,549
338,770
357,779
340,933

YTD thru
December
1,296,995
1,345,136
1,430,010
1,660,495
1,686,686
1,757,138

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 December 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 December fiscal year 2024-25 Governmental Funds revenues increased 1.6% compared to the same period in prior year. For the fiscal year 2023-24 Governmental Funds for the
full year increased 6.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 6.2% over 2021-22 full year results.

15

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

Aviation Operating Revenues
Budget vs Actual
160,000

120,000
20-21 Actuals
21-22 Actuals
22-23 Actuals

80,000

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

40,000

July

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

Aug

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

Sept

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

Oct

Nov

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

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

Dec

Nov
23,880
36,031
66,192
49,349
53,828
48,700

Jan

Feb

Mar

Apr

May

June

YTD thru
Dec December
31,636 131,807
35,025 201,942
25,237 216,315
56,177 287,499
61,736 321,757
41,101 232,481

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
December are 38.4% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an
allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through December fiscal year 2024-25 Aviation Operating revenues increased 11.9% 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

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

Nov
42,280
41,784
40,352
49,293
53,271
59,213

Jan

Feb

YTD thru
Dec
December
33,139 286,536
37,523 266,380
33,550 282,090
37,111 338,834
62,391 381,676
48,174 400,134

Mar

Apr

May

June

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 December are
4.6% 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 December fiscal year 2024-25 Water Operating revenues increased 12.6% 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

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

Nov
18,577
21,720
25,044
24,163
22,479
25,179

Jan

Feb

YTD thru
December
Dec
24,461 131,112
24,380 135,341
19,691 127,209
25,262 139,998
27,327 160,666
26,386 150,128

Mar

Apr

May

June

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
December are 7.0% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation
of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through December fiscal year 2024-25 Wastewater Operating revenues increased 14.8% 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 DECEMBER 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

372,135 $
1,943

359,326
1,862

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

132,876
175,508
44,531
109,651
1,430
1,566

133,750
217,877
42,775
107,080
1,432
1,692

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

4,092
412
8,268
243
4,363
729
3,855

4,065
355
8,406
275
4,179
793
8,640

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

24,336
420
9,585
17,253
12,478

36,405
394
7,931
15,015
15,444

1,843,609

19

$

$

925,673

$

967,697

General Fund Expenditures
As of DECEMBER 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

$

1,276 $
2,700
6,241
51,657
2,699
1,877
16,020
2,019
3,053
17,768
2,666
23,608
2,610
134,193

1,268
3,067
6,134
44,586
2,627
1,647
16,272
2,068
4,462
17,679
2,563
15,412
2,335
120,120

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

19,910
3,090
23,000

19,493
2,780
22,273

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

403,335
242,118
645,452

387,599
254,595
642,194

Transportation
Street Transportation
Total Transportation

25,252
25,252

12,531
12,531

12,576
12,576

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

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

5,333
10,710
3,348
760
20,150

4,268
9,838
2,810
1,220
18,138

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

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

67,738
29,075
16,850
7,963
121,627

67,367
25,858
18,505
6,523
118,252

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

19,255
754
527
20,536

17,790
649
550
18,989

Capital Improvement

91,824

17,350

9,940

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

994,839 $

962,482

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 DECEMBER 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

$

372,135 $
1,943

359,326
1,862

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

132,876
175,508
44,531
109,651
1,430
1,566
4,504
8,268
243
4,363
729
3,855
34,341
17,253
12,478

133,750
217,877
42,775
107,080
1,432
1,692
4,419
8,406
275
4,179
793
8,640
44,730
15,015
15,444

1,843,609

925,674

967,697

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

25,993
70,022
28,769
5,346
197,237
2,300
45,496
3,941
14,610
82,635
34,626
1,672
19,057
157,088
72,223

25,331
59,991
27,587
4,987
194,553
(2,825)
49,877
4,029
13,718
79,578
35,714
2,976
13,502
114,329
69,452

2,204,558

761,013

692,798

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

321,757
57,616
381,676
160,666
108,948

287,499
53,849
338,834
139,998
105,225

1,961,096

1,030,662

925,404

6,009,263

21

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

$

$ 2,717,350 $ 2,585,899

Citywide Operating Expenditures
As of DECEMBER 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

134,193 $
20,732
154,925

120,120
17,766
137,886

47,381
8,979
56,360

23,000
4,691
27,691

22,273
4,107
26,380

Public Safety
General Funds
Other Funds
Total Public Safety

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

645,452
156,722
802,174

642,194
150,812
793,006

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

12,531
512,812
525,343

12,576
553,356
565,932

Community Development
General Funds
Other Funds
Total Community Development

41,362
415,014
456,376

20,150
147,801
167,951

18,138
144,321
162,459

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

121,627
142,379
264,006

118,252
139,829
258,081

Environmental Services
General Funds
Other Funds
Total Environmental Services

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

20,536
434,841
455,377

18,989
448,745
467,734

144,556
144,556

73,381
73,381

68,000
68,000

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

17,350
308,632
325,982

9,940
250,825
260,765

$

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

994,839
1,801,991
2,796,830 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

962,482
1,777,761
2,740,243

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
DECEMBER 31
2024
2023

Budget
Estimate
2024-2025

Source

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

General Funds
$

62,777,610
919,160

Local Taxes:
Sales Taxes
Privilege License Fees

75,727,730

63,696,770

Total Local Taxes

737,081,103

374,077,721

361,188,754

18,732,002
29,251,332
6,563,054

21,626,309
36,312,872
6,780,892

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

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

132,876,048
175,507,992
44,530,694

133,749,741
217,877,232
42,775,159

54,546,388

64,720,073

699,105,000

352,914,734

394,402,132

45,783,637

19,082,900

Primary Property Tax

215,419,000

109,651,331

107,079,595

322,835

263,400

Licenses and Permits

3,064,000

1,430,204

1,432,090

-

-

Cable Communications

6,580,000

1,566,214

1,692,488

596,175
58,370

579,764
47,220

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

4,091,577
412,104

4,064,849
354,620

654,545

626,984

9,117,450

4,503,681

4,419,469

1,590,596

1,718,794

15,105,423

8,267,829

8,406,101

19,804

59,451

Library Fees

452,312

242,651

275,282

525,546

461,403

Parks and Recreation

6,623,940

4,362,632

4,179,033

146,152

222,497

Planning and Development

2,141,580

729,340

792,555

268,843

1,013,921

Street Transportation

8,013,181

3,855,499

8,639,748

4,606,898
57,433
425,906

43,746,161
63,554
192,426

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

24,336,143
420,417
9,584,849

36,405,245
393,608
7,930,969

5,090,237

44,002,141

96,162,491

34,341,409

44,729,822

2,864,372

2,786,229

Interest

21,589,000

17,252,922

15,015,446

1,907,651

2,082,259

Other Fees and Service Charges

23,154,093

12,478,177

15,444,235

189,448,336

200,736,822

1,843,608,573

925,674,344

967,696,750

74,601,981
1,125,749

$

$

Total State Shared Taxes

Total Municipal Court
Police

Total Fire

Total General Funds

733,577,953
3,503,150

$

372,135,028
1,942,693

$

359,326,339
1,862,415

Special Revenue and Debt Service Funds
3,687,691
263,407
1,317,032
63,045

3,183,189
227,371
1,136,854
64,424

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

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

17,916,176
1,279,727
6,398,634
398,097

17,460,785
1,247,199
6,235,995
386,877

5,331,175

4,611,838

Total Neighborhood Protection

56,849,809

25,992,634

25,330,856

10,516,337
3,386,583
88,878

9,046,527
2,904,212
68,756

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

52,195,519
17,129,458
696,849

45,817,960
13,598,375
574,215

13,991,798

12,019,495

146,108,070

70,021,826

59,990,550

5,721,197

5,031,170

58,684,199

28,768,582

27,586,838

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
DECEMBER 31
2024
2023
$

873,606
364,317
26,913
72,020

$

Budget
Estimate
2024-2025

Source

861,395
283,020
18,073
35,338

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
$

3,139,873
1,711,364
160,446
334,521

$

3,157,539
1,488,085
96,294
245,374

1,336,856

1,197,826

Total Golf Courses

12,279,180

5,346,204

4,987,292

36,000,311
4,795,486

31,183,017
2,551,773

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

175,291,487
21,945,677

170,497,064
24,055,578

40,795,797

33,734,790

422,747,900

197,237,164

194,552,642

1,197,155

(128,393)

Court Awards

5,010,751

2,299,877

(2,825,153)

5,691,554

5,829,298

Planning and Development

82,132,700

45,495,795

49,876,886

801,046

672,043

Capital Construction

8,368,140

3,941,007

4,029,153

3,252,424
351,207

2,499,955
289,376

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

12,474,739
2,135,129

11,435,181
2,282,605

3,603,631

2,789,331

Total Sports Facilities

39,022,412

14,609,868

13,717,786

15,196,433
596,486
4,154

15,202,655
579,338
22,317

Highway User Revenue:
Highway User Revenue
Interest
Other

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

78,337,245
3,633,477
663,404

76,253,535
2,990,533
333,640

15,797,073

15,804,310

165,420,836

82,634,126

79,577,708

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,755,979

5,571,461

Regional Transit Revenues

85,226,104

34,626,475

35,714,124

345,330

2,211,783

Community Reinvestment

11,092,101

1,671,528

2,976,288

4,372,596

6,083,469

Other Restricted Fees

54,049,463

19,057,123

13,502,112

333,172
14,547,182
1,472,426

316,580
12,018,553
921,112

Grants:
Public Housing:
Rentals
Grants
Other

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

2,455,967
85,276,057
10,217,570

2,361,222
75,854,474
16,532,595

16,352,780

13,256,245

326,904,208

97,949,594

94,748,291

10,712,930
2,153,116
55,182
2,107,838

11,600,372
2,254,109
24,880
3,806,600

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

27,205,197
7,154,026
261,572
24,517,114

25,006,622
(29,113,921)
(2,858,455)
26,546,732

15,029,066

17,685,961

Total Other

588,560,844

59,137,909

19,580,978

31,381,846

30,942,206

Total Grants

915,465,052

157,087,503

114,329,269

30,787,321
1,420,826

11,640,427
22,014

138,548,664
3,552,237

70,674,990
1,548,015

68,000,834
1,451,260

32,208,147

11,662,441

Total G.O. Bond/Secondary Property Tax

142,100,901

72,223,005

69,452,094

168,331,180

138,033,068

Total Special Revenue and Debt Service Funds

2,204,557,618

761,012,717

692,798,445

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
DECEMBER 31
2024
2023

Budget
Estimate
2024-2025

Source

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

Enterprise Funds
AVIATION:
$

12,994,865 $
38,807,472
11,034,054
(2,553,942)
415,543
383,960
653,458

11,871,387
33,517,403
9,627,637
(91,367)
285,047
362,426
605,073

61,735,410

56,177,606

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

$

75,165,269
216,740,301
22,975,933
(1,396,563)
2,073,548
2,308,226
3,889,835

$

67,236,539
193,606,792
18,020,067
1,501,123
1,820,158
1,984,686
3,329,891

595,697,397

321,756,549

287,499,256

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

38,610,405
15,185,794
3,820,155

38,197,243
13,036,150
2,615,171

131,090,300

57,616,354

53,848,564

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

338,317,321
1,154,480
5,487,241
6,261,177
1,710,750
6,962,040
21,782,492

296,538,317
1,361,154
5,247,637
5,119,161
3,485,700
6,445,332
20,636,364

715,024,563

381,675,501

338,833,665

CONVENTION CENTER:
8,948,566
1,948,662
657,833

7,206,016
2,708,974
498,829

11,555,061

10,413,819

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

38,474,733
151,934
393,919
1,084,305
173,460
1,359,228
20,753,041

34,091,272
149,774
388,459
487,029
521,340
1,247,155
225,748

62,390,620

37,110,777

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

21,463,756
2,280,715
159,360
1,281,947
2,141,390

19,666,894
1,864,587
513,840
1,147,750
2,068,574

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

127,996,196
11,591,902
1,645,890
7,639,779
11,792,214

110,824,520
9,445,802
3,356,700
6,249,205
10,121,537

27,327,168

25,261,645

Total Wastewater

310,693,562

160,665,981

139,997,764

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

93,817,351
7,688,832
1,045,333
6,396,399

91,107,843
7,583,306
961,270
5,572,092

208,590,677

108,947,915

105,224,511

1,961,096,499

1,030,662,300

925,403,760

SOLID WASTE:

$

15,651,020
1,266,615
182,429
1,166,889

15,206,442
965,568
168,902
960,491

18,266,953

17,301,403

181,275,212

146,265,250

539,054,728

$

485,035,140

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

$

25

6,009,262,690

$

2,717,349,361

$

2,585,898,955

Citywide Operating Expenditures by Program
For the Month Ended
DECEMBER 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
$

190,534 $
440,379
1,126,939
4,278,148
141,367
307,980
329,658
2,641,164
422,083
376,867
1,874,247
299,629
10,142
408,049
6,361,461
3,401,769

188,125
422,211
940,401
7,763,684
93,089
328,382
268,936
2,973,257
475,555
963,849
3,723,555
218,414
12,007
513,362
3,812,521
543,969

22,610,416

23,241,318

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

$

1,276,212
2,699,636
8,858,447
57,162,292
1,109,385
2,703,357
2,125,217
16,887,387
2,018,905
3,052,752
17,859,313
1,860,214
74,640
2,666,476
32,952,532
1,618,299

$

1,267,962
3,066,555
6,515,244
51,302,301
984,786
2,634,755
1,910,972
17,022,199
2,067,759
4,461,707
18,463,902
1,582,057
76,280
2,563,417
22,340,484
1,625,343

$

1,276,212
2,699,636
8,858,447
52,090,629
1,109,385
2,703,357
2,125,217
16,887,387
2,018,905
3,052,752
17,768,342
1,860,214
74,640
2,666,476
24,472,471
1,618,299

$

5,071,662
90,971
8,480,061
-

308,599,393

154,925,063

137,885,723

141,282,369

13,642,694

49,458,140
6,901,638

24,601,040
3,090,158

23,599,835
2,780,260

21,376,238
3,090,158

3,224,802
-

56,359,778

27,691,198

26,380,095

24,466,396

3,224,802

982,286,006
563,236,236
-

511,543,612
290,630,023
-

498,079,470
294,926,305
-

510,174,542
288,752,035
-

1,369,070
1,877,987
-

1,545,522,242

802,173,635

793,005,775

798,926,578

3,247,057

Criminal Justice
3,968,578
545,325

3,406,084
531,495

4,513,903

3,937,579

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

76,343,169
43,832,209
-

76,217,166
45,102,146
-

120,175,378

121,319,311

Police
Fire
Other
Total Public Safety
Transportation

8,673,425
501,891
32,672,118
64,032,913

9,151,995
1,790,443
31,751,638
3,283,137

Street Transportation
Street Lighting
Aviation
Public Transit

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

62,779,690
6,870,779
222,051,351
233,641,635

59,249,857
6,669,472
203,927,689
296,085,374

56,476,651
6,870,779
173,671,048
233,641,635

6,303,040
48,380,303
-

105,880,347

45,977,213

Total Transportation

996,750,019

525,343,456

565,932,392

470,660,113

54,683,343

Community Development
7,544,712
14,110,485
5,178,503
3,647,305

7,269,605
13,938,265
6,649,072
2,492,357

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

47,283,436
85,403,701
17,097,511
18,165,865

45,529,134
78,852,521
16,824,006
21,253,532

47,283,436
85,403,701
15,747,078
18,165,865

1,350,433
-

30,481,004

30,349,300

Total Community Development

456,376,029

167,950,513

162,459,194

166,600,080

1,350,433

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

78,453,800
29,692,546
56,238,811
6,779,657
80,582,599
6,714,793
5,544,044

77,667,732
26,482,528
43,534,194
6,379,758
95,064,587
5,229,109
3,723,085

78,256,212
29,692,546
44,392,631
80,546,277
6,714,793
5,544,044

197,588
11,846,180
6,779,657
36,322
-

506,330,641

264,006,250

258,080,991

245,146,503

18,859,747

Community Enrichment
9,550,873
5,970,429
5,082,207
1,129,823
12,048,842
(4,615)
501,136

9,710,013
4,841,238
3,958,151
1,063,173
9,991,048
198,099
360,257

34,278,696

30,121,979

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
DECEMBER 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
$

32,631,111 $
16,586,008
5,670,752
2,875,296
1,500,985
202,351

29,062,625
17,093,501
13,709,447
2,464,108
281,999
96,332

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

59,466,503

62,708,012

Total Environmental Services

$

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

$

228,331,949
105,897,137
91,361,429
25,453,250
3,586,045
746,973

$

239,241,601
112,564,380
89,710,840
23,260,238
2,348,484
608,281

$

156,043,061
75,074,480
86,362,804
19,466,649
3,586,045
746,973

$

72,288,888
30,822,656
4,998,625
5,986,601
-

1,096,874,014

455,376,783

467,733,824

341,280,013

114,096,770

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

3,169,598
14,557,707
2,123,779
242,886
4,240,341
333,963
1,554,930
388,715
8,198,080
3,079,666
236,338
13,155,611
6,902,932
756,508
543,716
2,850,791
150,000
4,438,200
6,280,197
15,900
160,715

6,335,169
11,577,934
50,250
7,414,847
313,162
1,514,831
279,375
6,446,113
3,384,001
188,712
8,592,495
6,286,910
543,716
12
300,000
8,889,300
5,706,141
16,500
160,715

3,169,598
14,557,707
2,123,779
242,886
4,240,341
333,963
1,554,930
388,715
8,198,080
3,079,666
236,338
13,155,611
6,902,932
756,508
543,716
2,850,791
150,000
4,438,200
6,280,197
15,900
160,715

-

General Obligation Debt Service

$

603,391
2,426,284
55,471
752,849
55,660
262,138
67,648
1,366,347
519,038
39,390
2,261,927
1,186,540
189,127
90,619
1,627,396
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
951,023
2,750
26,786

13,364,252

11,333,362

Total Debt Service

144,556,294

73,380,570

68,000,184

73,380,570

-

33,229,677

32,045,138

Capital Improvement

1,887,521,461

325,982,057

260,764,573

325,982,057

-

-

-

Non-Departmental Grants

28,580,178

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

424,000,175 $

361,033,212

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

2,796,829,524

$

2,740,242,752

$

2,587,724,678

$

209,104,847

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

$
1,074,627
17,497,235
19,245,304
4,769,850
14,497,890
11,071,195
13,103,955
1,240,621
76,886
47,412,494
46,448,653
9,421,003
2,000,236
13,249,389
1,187,223
81,720,693

66,802
8,231,488
6,303,356
3,626,559
26,052,121
12,339,130
6,724,563
8,692,275
511,473
434,388
42,122,561
18,150,071
8,357,398
1,958,421
24,098,123
48,870,855

$

$
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

983,846
2,380,178
1,199,768
4,769,690
11,815,129
10,923,625
6,869,153
1,123,415
76,886
4,580,864
31,753,326
1,165,278
13,249,389
1,187,223
64,605,750

$

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

90,781
15,117,057
18,045,536
160
2,682,761
147,570
6,234,803
117,206
42,831,630
14,695,327
9,421,003
834,958
17,114,944

$

2,620,884
16,616,868
250,000
72,277,728
62,574,321
4,500,883
153,260,977
3,727,698
45,389,342
6,246,643
6,694,850
188,532,708
111,093,138
30,812,221
24,640,615
475,711,681
7,090,600
527,637,554

$

2,023,695,964 $

284,017,255 $

216,539,584

$

1,177,371,038 $

156,683,519

$

846,324,926 $

127,333,736

$

1,739,678,709

$

$

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

$ 202,846,507
9,892,310
23,492,425
371,447,439
49,085,528
$ 656,764,210

$

4,569,143,917

$ 940,781,465

$

$

73,697,792
7,983,068
12,074,363
61,032,523
62,900,237
217,687,983

$

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

87,329,904
911,382
2,346,552
48,866,456
29,844,244
$ 169,298,538

$

434,227,567

$ 1,887,521,461

$ 325,982,057

28

$

$

$

$

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

$

2,681,622,456

$

$

115,516,603
8,980,928
21,145,873
322,580,984
19,241,284
487,465,672

$

$

966,000,768
58,577,824
11,215,650
272,992,476
579,897,026
1,888,683,743

$

614,799,408

$

3,628,362,452

Bonds Authorized and Sold
As of DECEMBER 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