January 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

January 31, 2025
To the Mayor and City Council:
This is the City's Financial Report for January, the seventh 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

April 9, 2025

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) January 2025 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
January 2025
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

Monitor and Consider Taking Action

Transportation

2

Expected

Community Development

2

Better than Expected

Community Enrichment

3

Better than Expected

Environmental Services

3

Better than Expected

Citywide Expenditures
Citywide Total Operating Expenditures

4

Better than Expected

General Government

4

Better than Expected

Criminal Justice

4

Better than Expected

Public Safety

5

Expected

Transportation

5

Better than Expected
Better than Expected

Community Development

5

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
General Fund Total Operating Revenue

Page

Performance Status

10

Monitor and Consider Taking Action

Property Tax

11

Expected

Local Sales Tax

12

Expected

State Sales Tax

13

Expected

Vehicle License Tax

14

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

January YTD
Expenditures
807,024
845,002
942,130
1,102,905
1,154,291

Total General Fund

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

% of Annual
Expenditures
58.9%
57.5%
58.0%
59.8%
58.2%

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

$2,500,000
January 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 January are 4.7% higher than the same period in fiscal year 2023-24. The increase is due to higher personal services (i.e., salaries, benefits, etc.) and
professional services in fiscal year 2024-25.
General fund expenditures increased 13.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 10.4% from 2022-23 over 2021-22 and an increase of 7.2%
from 2021-22 over 2020-21 fiscal results.

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

January YTD
Expenditures
88,113
94,798
109,713
134,818
148,237

General Government
Annual
% of Annual
Expenditures * Expenditures
57.1%
154,211
58.6%
161,907
57.5%
190,945
60.0%
224,802
58.3%
254,259

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

$300,000
$250,000

January 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 January are 10.0% 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

January YTD
Expenditures

Annual
Expenditures *

20,819
21,919
23,693
25,729
26,782

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

% of Annual
Expenditures
57.6%
54.8%
55.9%
58.9%
56.5%

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

$50,000
January 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 January are 4.1% 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
January YTD
Expenditures

Annual
Expenditures *

548,165
574,249
634,818
735,957
756,160

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

% of Annual
Expenditures
59.2%
57.9%
58.6%
59.8%
60.6%

$1,500,000
January 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

Monitor and Consider Taking Action

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 January are 2.7% 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

January YTD
Expenditures

Annual
Expenditures *

14,984
11,692
15,988
14,619
14,801

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

% of Annual
Expenditures
67.7%
50.5%
64.4%
58.5%
58.6%

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

$30,000
$25,000
January YTD
Expenditures

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

Annual
Expenditures *

$5,000
$0
20-21

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 January are 1.2% higher than the same period in fiscal year 2023-24.

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

January YTD
Expenditures
24,441
15,237
17,627
22,141
23,116

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

% of Annual
Expenditures
101.4%
54.0%
54.4%
59.1%
55.9%

$50,000
January 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 January are 4.4% 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
57.8%
59.6%
59.7%
62.2%
58.6%

$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

January YTD
Expenditures
91,616
103,499
113,839
137,084
138,706

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

January 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 January are 1.2%
higher than the same period in fiscal year 2023-24. The anticipated increase is due to higher contractual services related to parking management services in fiscal year 2024-25.

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

Environmental Services

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

January YTD
Expenditures
14,724
18,122
15,770
21,146
24,064

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

% of Annual
Expenditures
70.4%
68.4%
55.7%
72.7%
63.2%

$40,000
January 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 January are 13.8% 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

January YTD
Expenditures
2,368,844
2,657,700
2,846,352
3,153,269
3,266,400

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

% of Annual
Expenditures
56.9%
59.2%
60.1%
60.0%
46.5%

* 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
January 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 January are 3.6% higher than the same period in the prior fiscal year.

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

January YTD
Expenditures
124,691
103,630
146,735
155,816
171,791

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

% of Annual
Expenditures
60.1%
43.4%
59.6%
59.0%
55.7%

$400,000
January 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 January are 10.3% higher than the same period in the prior fiscal year.

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

Criminal Justice

January YTD
Expenditures
25,607
26,025
27,589
30,512
32,038

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

% of Annual
Expenditures
58.0%
55.3%
55.8%
59.3%
56.8%

$80,000
January 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 January 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
59.5%
58.2%
59.2%
61.1%
60.6%

$2,000,000

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

$0

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

January YTD
Expenditures
667,778
715,062
802,352
909,537
937,025

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

January YTD
Expenditures

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

Annual
Expenditures *

$400,000
20-21

21-22

22-23

23-24

24-25

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 January are 3.0% higher than the same period in the prior fiscal year.

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

Transportation

January YTD
Expenditures
477,057
586,820
568,575
614,675
583,410

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

% of Annual
Expenditures
60.6%
73.6%
71.7%
72.0%
58.5%

$1,000,000
$800,000

January 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 January are 5.1% 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

January YTD
Expenditures
160,361
127,962
151,624
190,208
195,777

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

% of Annual
Expenditures
65.4%
56.1%
56.1%
58.1%
42.9%

$500,000
January 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 January are 2.9%
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
56.6%
62.3%
65.4%
62.8%
59.4%

$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

January YTD
Expenditures
221,173
262,109
294,307
298,183
300,898

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

January 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 January are 0.9%
higher than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
59.0%
61.7%
59.2%
60.4%
49.4%

$1,250,000

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

$0

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

January YTD
Expenditures
433,301
464,074
491,252
541,613
542,245

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

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

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

January YTD
Expenditures
77,110
76,661
153,335
79,334
84,951

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

General Obligation Debt Service
% of Annual
Expenditures
58.4%
58.5%
73.8%
58.3%
58.8%

$240,000
January 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 January 2024 are 7.1% 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

$

358,440

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

$

322,125

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

12,773

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

23,610

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)

$

$

644,480

375,277

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)

$

$

628,943

75,686

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

January 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

January
YTD
Revenues
863,490
885,713
983,281
1,121,617
1,069,224

21-22

22-23

23-24

24-25

Annual
% of Annual
Revenues* Revenues
1,491,537
57.9%
1,508,526
58.7%
1,695,886
58.0%
1,905,441
58.9%
1,843,609
58.0%

* 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 January are 4.7% 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

120,000
80,000

Primary

78,549

160,000

215,419

206,393

201,050

192,215

182,043

122,301
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
200,850
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
20,524
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
122,301
78,549
215,419
138,549

Note: Monthly budget amount for 24-25 is the average % of last 3 fiscal years of the total actual amount.

Year to Date Performance Status
Expected
Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart for property tax revenues is
presented with an annual perspective.
Total property tax revenues are budgeted to increase 4.9% in fiscal year 2024-25 over fiscal year 2023-24 actuals.

11

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

Local Sales Tax
Budget vs Actual
90,000
80,000
70,000
60,000

20-21 Actuals
21-22 Actuals

50,000

22-23 Actuals
40,000

23-24 Actuals
24-25 Actuals

30,000

24-25 Budget
20,000
10,000
July

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

Aug

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

Sept

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

Oct

Nov

Dec

Jan

Feb

Mar

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

Dec
39,837
53,633
59,276
62,777
74,602
59,832

Jan
42,051
70,197
70,667
62,496
53,127
68,129

YTD thru
January
314,998
382,904
404,639
421,822
425,262
423,181

Apr

May

June

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 January are 0.5% higher
than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through January fiscal year 2024-25 Local Sales Tax revenues increased 0.8% 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

Dec
19,640
23,860
22,501
21,627
18,732
24,677

Feb

Mar

Apr

May

June

Jan
19,033
22,364
20,469
20,707
25,409
23,253

YTD thru
January
120,323
140,528
145,668
154,457
158,285
157,976

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

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

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

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

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

Year to Date Performance Status
Expected
State Sales Tax for fiscal year 2024-25 are budgeted to increase 4.1% over fiscal year 2023-24 actual results. Year-to-date State Sales Tax through January are 0.2% 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 January fiscal year 2024-25 State Sales Tax revenues increased 2.5% compared to the same period in prior year. For the fiscal year 2023-24 State Sales Tax for the full
year increased 3.2% over fiscal year 2022-23. Fiscal year 2022-23 increased 5.2% over 2021-22 full year results.

13

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

Vehicle License Tax
Budget vs Actual
12,000

10,000
20-21 Actuals
8,000

21-22 Actuals
22-23 Actuals

6,000

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

4,000

2,000

July

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

Aug

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

Sept

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

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

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

Dec
6,529
6,537
6,555
6,781
6,563
7,044

Jan
7,328
7,285
6,684
6,760
8,250
7,486

YTD thru
January
49,790
47,798
47,937
49,535
52,781
52,043

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 January are 1.4%
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 January fiscal year 2024-25 Vehicle License Tax revenues increased 6.6% 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

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

Jan
216,626
267,406
263,160
304,747
279,351
326,179

Feb

Mar

YTD thru
January
1,513,621
1,612,542
1,693,170
1,965,242
1,966,037
2,083,317

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 January are 5.6% 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 January fiscal year 2024-25 Governmental Funds revenues increased 0.0% 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

Oct

Nov

Dec

Jan

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

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

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

Dec
31,636
35,025
25,237
56,177
61,736
41,101

Feb

Jan
18,059
57,391
46,228
47,603
48,819
46,987

Mar

Apr

May

June

YTD thru
January
149,866
259,333
262,543
335,102
370,576
279,468

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
January are 32.6% 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 January fiscal year 2024-25 Aviation Operating revenues increased 10.6% compared to the same period in prior year. For the fiscal year 2023-24 Aviation Operating
revenues for the full year increased 5.9% over fiscal year 2022-23. Fiscal year 2022-23 increased 0.0% over 2021-22 full year results.

16

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

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

60,000

21-22 Actuals

50,000

22-23 Actuals

40,000

23-24 Actuals

30,000

24-25 Actuals
24-25 Budget

20,000
10,000
July

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

Aug

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

Sept

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

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

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

Dec
33,139
37,523
33,550
37,111
62,391
48,174

Jan
28,579
28,902
28,416
34,650
40,822
41,092

YTD thru
January
315,115
295,282
310,506
373,484
422,498
441,226

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 January are
4.2% 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 January fiscal year 2024-25 Water Operating revenues increased 13.1% compared to the same period in prior year. For the fiscal year 2023-24 Water Operating revenues for
the full year increased 23.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 1.0% over 2021-22 full year results.

17

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

Wastewater Operating Revenues
Budget vs Actual
40,000
35,000
30,000
25,000

20-21 Actuals

20,000

21-22 Actuals
22-23 Actuals

15,000

23-24 Actuals
24-25 Actuals

10,000

24-25 Budget
5,000
July

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

Aug

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

Sept

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

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

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

Dec
24,461
24,380
19,691
25,262
27,327
26,386

Jan
18,430
22,218
26,128
27,645
28,553
26,562

YTD thru
January
149,542
157,559
153,337
167,643
189,219
176,690

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
January are 7.1% 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 January fiscal year 2024-25 Wastewater Operating revenues increased 12.9% 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 JANUARY 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

425,262 $
2,528

421,822
2,782

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

158,285
204,759
52,781
122,301
1,591
1,566

154,457
254,190
49,535
117,507
1,695
1,692

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

4,839
488
9,790
168
5,283
944
4,632

4,789
424
9,865
296
4,751
1,066
9,584

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

29,555
489
10,271
20,170
13,523

41,367
487
11,146
17,929
16,231

1,843,609

19

$

$

1,069,224

$

1,121,616

General Fund Expenditures
As of JANUARY 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

$

1,495 $
3,175
7,206
57,424
3,148
2,146
18,771
2,296
3,826
20,360
3,093
25,415
(117)
148,237

1,474
3,505
7,171
49,333
2,929
1,872
18,361
2,308
5,886
19,310
2,961
16,988
2,719
134,818

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

23,120
3,662
26,782

22,374
3,355
25,729

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

469,453
286,707
756,160

446,597
289,360
735,957

Transportation
Street Transportation
Total Transportation

25,252
25,252

14,801
14,801

14,619
14,619

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

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

6,005
12,433
3,876
802
23,116

5,710
11,517
3,277
1,638
22,141

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

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

77,006
32,879
20,020
8,801
138,706

76,455
29,398
24,320
6,911
137,084

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

22,530
920
614
24,064

19,792
710
644
21,146

Capital Improvement

91,824

22,424

11,412

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

Total Expenditures and Encumbrances

$

20

2,131,759

$

1,154,291 $ 1,102,905

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 JANUARY 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

$

425,262 $
2,528

421,822
2,782

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

158,285
204,759
52,781
122,301
1,591
1,566
5,327
9,790
168
5,283
944
4,632
40,315
20,170
13,523

154,457
254,190
49,535
117,507
1,695
1,692
5,213
9,865
296
4,751
1,066
9,584
53,000
17,929
16,231

1,843,609

1,069,226

1,121,617

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

30,514
81,191
33,679
6,837
233,184
2,300
51,488
4,506
17,553
95,184
40,803
2,947
24,086
192,445
80,097

29,943
72,002
32,629
6,349
231,578
(2,523)
56,382
4,702
16,513
92,657
41,304
3,224
30,571
152,451
75,844

2,204,558

896,814

843,625

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

370,576
66,209
422,498
189,219
127,000

335,102
65,410
373,484
167,643
122,628

1,961,096

1,175,502

1,064,267

6,009,263

21

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

$

$ 3,141,542 $ 3,029,508

Citywide Operating Expenditures
As of JANUARY 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

148,237 $
23,554
171,791

134,818
20,998
155,816

47,381
8,979
56,360

26,782
5,256
32,038

25,729
4,783
30,512

Public Safety
General Funds
Other Funds
Total Public Safety

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

756,160
180,865
937,025

735,957
173,580
909,537

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

14,801
568,609
583,410

14,619
600,056
614,675

Community Development
General Funds
Other Funds
Total Community Development

41,362
415,014
456,376

23,116
172,661
195,777

22,141
168,067
190,208

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

138,706
162,192
300,898

137,084
161,099
298,183

Environmental Services
General Funds
Other Funds
Total Environmental Services

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

24,064
518,181
542,245

21,146
520,467
541,613

144,556
144,556

84,951
84,951

79,334
79,334

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

22,424
395,840
418,264

11,412
321,979
333,391

$

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

1,154,290
2,112,109
3,266,400 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

1,102,906
2,050,363
3,153,269

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
JANUARY 31
2025
2024

Budget
Estimate
2024-2025

Source

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

General Funds
$

62,495,440
919,576

Local Taxes:
Sales Taxes
Privilege License Fees

53,712,341

63,415,016

Total Local Taxes

737,081,103

427,790,062

424,603,770

25,408,775
29,251,332
8,250,606

20,707,067
36,312,872
6,759,436

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

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

158,284,823
204,759,324
52,781,300

154,456,808
254,190,104
49,534,595

62,910,713

63,779,375

699,105,000

415,825,447

458,181,507

12,649,382

10,427,459

Primary Property Tax

215,419,000

122,300,713

117,507,054

161,089

263,399

Licenses and Permits

3,064,000

1,591,293

1,695,489

-

-

Cable Communications

6,580,000

1,566,214

1,692,488

747,643
75,644

724,094
69,466

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

4,839,220
487,748

4,788,943
424,086

823,287

793,560

9,117,450

5,326,968

5,213,029

1,522,431

1,458,998

15,105,423

9,790,260

9,865,099

(75,097)

21,063

Library Fees

452,312

167,554

296,345

920,379

572,295

Parks and Recreation

6,623,940

5,283,011

4,751,328

215,027

273,884

Planning and Development

2,141,580

944,367

1,066,439

776,629

943,785

Street Transportation

8,013,181

4,632,128

9,583,533

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

29,554,714
489,425
10,270,824

41,367,494
486,888
11,145,683

96,162,491

40,314,963

53,000,065

Interest

21,589,000

20,169,647

17,929,229

Other Fees and Service Charges

23,154,093

13,523,051

16,231,385

1,843,608,573

1,069,225,678

1,121,616,760

53,127,063
585,278

$

5,218,571
69,008
685,975

4,962,249
93,280
3,214,714

5,973,554

8,270,243

2,916,725

2,913,783

1,044,874

787,150

143,551,334

153,920,010

$

Total State Shared Taxes

Total Municipal Court
Police

Total Fire

Total General Funds

733,577,953
3,503,150

$

425,262,091
2,527,971

$

421,821,779
2,781,991

Special Revenue and Debt Service Funds
3,123,735
223,124
1,115,620
59,079

3,183,860
227,419
1,137,093
63,350

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

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

21,039,911
1,502,851
7,514,254
457,176

20,644,645
1,474,618
7,373,088
450,227

4,521,558

4,611,722

Total Neighborhood Protection

56,849,809

30,514,192

29,942,578

8,484,783
2,609,235
75,051

9,048,060
2,904,595
58,677

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

60,680,302
19,738,693
771,900

54,866,020
16,502,970
632,892

11,169,069

12,011,332

146,108,070

81,190,895

72,001,882

4,909,944

5,041,707

58,684,199

33,678,526

32,628,545

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
JANUARY 31
2025
2024
$

992,144
391,123
27,908
79,787

$

Budget
Estimate
2024-2025

Source

914,455
372,898
19,596
54,985

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
$

4,132,017
2,102,487
188,354
414,308

$

4,071,994
1,860,983
115,890
300,359

1,490,962

1,361,934

Total Golf Courses

12,279,180

6,837,166

6,349,226

30,535,466
5,411,760

31,186,849
5,838,248

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

205,826,953
27,357,437

201,683,913
29,893,826

35,947,226

37,025,097

422,747,900

233,184,390

231,577,739

Court Awards

5,010,751

2,299,877

(2,523,393)

Planning and Development

82,132,700

51,488,152

56,381,730

Capital Construction

8,368,140

4,505,987

4,702,286

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

14,427,335
3,125,351

13,935,135
2,578,031

-

301,760

Total Transit 2000 & 2050

5,992,357

6,504,844

564,980

673,133

1,952,596
990,222

2,499,954
295,426

2,942,818

2,795,380

Total Sports Facilities

39,022,412

17,552,686

16,513,166

11,946,557
599,984
2,937

12,473,734
592,361
12,952

Highway User Revenue:
Highway User Revenue
Interest
Other

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

90,283,802
4,233,461
666,341

88,727,269
3,582,894
346,592

12,549,478

13,079,047

165,420,836

95,183,604

92,656,755

-

-

Total Highway User Revenue
Local Transportation Assistance

-

-

-

6,176,650

5,590,181

Regional Transit Revenues

85,226,104

40,803,125

41,304,305

1,274,974

247,943

Community Reinvestment

11,092,101

2,946,502

3,224,231

5,029,067

17,068,999

Other Restricted Fees

54,049,463

24,086,190

30,571,111

676,469
14,790,922
3,287,828

471,028
13,341,019
682,409

Grants:
Public Housing:
Rentals
Grants
Other

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

3,132,436
100,066,979
13,505,398

2,832,250
89,195,493
17,215,004

18,755,219

14,494,456

326,904,208

116,704,813

109,242,747

7,377,382
271,060
5,666,133
3,287,512

4,774,137
5,501,641
8,484,382
4,867,217

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

34,582,579
7,425,086
5,927,705
27,804,626

29,780,759
(23,612,280)
5,625,927
31,413,949

16,602,087

23,627,377

Total Other

588,560,844

75,739,996

43,208,355

35,357,306

38,121,833

Total Grants

915,465,052

192,444,809

152,451,102

7,874,105
-

6,391,439
-

138,548,664
3,552,237

78,549,095
1,548,015

74,392,273
1,451,260

7,874,105

6,391,439

142,100,901

80,097,110

75,843,533

135,800,494

150,826,351

2,204,557,618

896,813,211

843,624,796

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

G.O. Bond/Secondary Property Tax
Secondary Property Tax
Interest
Total G.O. Bond/Secondary Property Tax
Total Special Revenue and Debt Service Funds

24

Citywide Operating Revenue by Source
For the Month Ended
JANUARY 31
2025
2024

Budget
Estimate
2024-2025

Source

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

Enterprise Funds
AVIATION:
$

13,060,515 $
32,565,117
2,468,248
(503,198)
303,908
274,883
650,431

11,717,984
32,229,758
2,001,265
429,269
266,170
348,611
609,521

48,819,904

47,602,578

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

$

88,225,784
249,305,418
25,444,181
(1,899,761)
2,377,456
2,583,109
4,540,266

$

78,954,523
225,836,550
20,021,332
1,930,392
2,086,328
2,333,297
3,939,412

595,697,397

370,576,453

335,101,834

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

44,293,635
17,452,362
4,462,645

45,408,052
16,886,942
3,115,277

131,090,300

66,208,642

65,410,271

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

375,547,981
1,358,901
5,977,090
7,287,114
1,881,930
8,260,132
22,184,863

327,560,706
1,563,211
5,803,693
5,606,190
3,977,156
7,647,350
21,325,919

715,024,563

422,498,011

373,484,225

CONVENTION CENTER:
5,683,230
2,266,568
642,490

7,210,809
3,850,792
500,106

8,592,288

11,561,707

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

37,230,660
204,421
489,849
1,025,937
171,180
1,298,092
402,371

31,022,389
202,057
556,056
487,029
491,456
1,202,018
689,555

40,822,510

34,650,560

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

21,960,628
2,377,828
189,510
1,259,850
2,765,110

19,272,933
1,937,949
462,600
1,151,502
4,819,998

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

149,956,824
13,969,730
1,835,400
8,899,629
14,557,324

130,097,453
11,383,751
3,819,300
7,400,707
14,941,535

28,552,926

27,644,982

Total Wastewater

310,693,562

189,218,907

167,642,746

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

109,786,720
8,967,112
1,221,901
7,024,680

106,642,495
8,738,556
1,124,253
6,122,355

208,590,677

127,000,413

122,627,659

1,961,096,499

1,175,502,426

1,064,266,735

SOLID WASTE:

$

15,969,369
1,278,280
176,568
628,281

15,534,652
1,155,250
162,983
550,263

18,052,498

17,403,148

144,840,126

138,862,975

424,191,954

$

443,609,336

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

$

25

6,009,262,690

$

3,141,541,315

$

3,029,508,291

Citywide Operating Expenditures by Program
For the Month Ended
JANUARY 31
2025
2024

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
$

218,486 $
475,807
1,601,528
6,768,052
129,865
449,066
316,686
2,862,531
277,319
772,923
2,606,619
(2,773,346)
(28,569)
426,184
3,389,757
(626,531)

206,047
438,634
1,169,346
5,869,510
188,322
302,895
274,028
2,208,463
240,627
1,424,785
2,068,983
277,849
(29,158)
397,764
2,746,831
145,264

16,866,374

17,930,191

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

$

1,494,698
3,175,443
10,459,975
63,930,344
1,239,250
3,152,423
2,441,902
19,749,918
2,296,224
3,825,675
20,465,932
(913,132)
46,071
3,092,660
36,342,289
991,768

$

1,474,009
3,505,189
7,684,590
57,171,811
1,173,108
2,937,650
2,184,999
19,230,662
2,308,386
5,886,492
20,532,885
1,859,906
47,122
2,961,181
25,087,315
1,770,608

$

1,494,698
3,175,443
10,459,975
57,944,253
1,239,250
3,152,423
2,441,902
19,749,918
2,296,224
3,825,675
20,359,799
(913,132)
46,071
3,092,660
26,427,589
991,768

$

5,986,091
106,133
9,914,700
-

308,599,393

171,791,438

155,815,914

155,784,514

16,006,923

49,458,140
6,901,638

28,376,150
3,662,209

27,157,104
3,354,966

24,614,061
3,662,209

3,762,089
-

56,359,778

32,038,359

30,512,070

28,276,270

3,762,089

982,286,006
563,236,236
-

594,391,252
342,633,980
-

573,648,388
335,888,254
-

592,774,250
340,425,350
-

1,617,002
2,208,630
-

1,545,522,242

937,025,232

909,536,642

933,199,600

3,825,632

Criminal Justice
3,775,111
572,051

3,557,269
574,706

4,347,162

4,131,975

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

82,847,640
52,003,957
-

75,568,918
40,961,949
-

134,851,597

116,530,866

Police
Fire
Other
Total Public Safety
Transportation

10,185,563
1,067,992
36,468,700
10,344,183

10,094,463
815,978
33,660,927
4,171,531

Street Transportation
Street Lighting
Aviation
Public Transit

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

72,965,253
7,938,771
258,520,051
243,985,817

69,344,320
7,485,451
237,588,616
300,256,905

66,275,415
7,938,771
201,927,351
243,985,817

6,689,838
56,592,700
-

58,066,437

48,742,899

Total Transportation

996,750,019

583,409,893

614,675,292

520,127,354

63,282,538

Community Development
8,244,953
15,874,510
1,068,486
2,638,403

7,486,653
13,449,226
2,594,349
4,218,642

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

55,528,390
101,278,211
18,165,997
20,804,268

53,015,787
92,301,747
19,418,355
25,472,174

55,528,390
101,278,211
16,590,612
20,804,268

1,575,385
-

27,826,352

27,748,870

Total Community Development

456,376,029

195,776,865

190,208,063

194,201,480

1,575,385

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

89,345,855
33,589,560
63,268,583
7,909,480
93,581,497
6,795,113
6,407,606

88,311,576
30,138,609
48,636,072
7,442,931
114,019,296
5,329,994
4,304,098

89,115,336
33,589,560
49,448,624
93,539,121
6,795,113
6,407,606

230,519
13,819,959
7,909,480
42,376
-

506,330,641

300,897,696

298,182,576

278,895,361

22,002,334

Community Enrichment
10,892,055
3,897,014
7,029,772
1,129,823
12,998,898
80,320
863,562

10,643,845
3,656,081
5,101,878
1,063,173
18,954,709
100,885
581,014

36,891,446

40,101,584

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
JANUARY 31
2025
2024

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
$

42,767,618 $
22,471,124
16,905,902
4,295,639
308,363
119,139

35,506,308
19,606,668
15,916,648
2,914,937
(217,547)
152,595

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

86,867,786

73,879,608

Total Environmental Services

$

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

$

271,099,567
128,368,261
108,267,331
29,748,890
3,894,408
866,112

$

274,747,908
132,171,048
105,627,488
26,175,175
2,130,937
760,876

$

185,513,624
92,421,594
102,435,602
22,747,873
3,894,408
866,112

$

85,585,943
35,946,667
5,831,729
7,001,016
-

1,096,874,014

542,244,569

541,613,432

407,879,214

134,365,355

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

3,735,427
16,983,991
4,905,370
290,862
4,970,127
389,623
1,815,576
454,932
9,564,427
3,595,824
275,727
15,382,875
8,071,446
914,114
634,335
83,600
150,000
5,177,900
7,349,192
18,550
187,500

7,391,031
13,507,590
58,625
8,650,655
365,356
1,767,303
325,938
7,520,465
3,948,001
220,165
10,024,578
7,334,729
634,335
12
350,000
10,370,850
6,657,164
19,250
187,500

3,735,427
16,983,991
4,905,370
290,862
4,970,127
389,623
1,815,576
454,932
9,564,427
3,595,824
275,727
15,382,875
8,071,446
914,114
634,335
83,600
150,000
5,177,900
7,349,192
18,550
187,500

-

General Obligation Debt Service

$

565,829
2,426,284
2,781,591
47,976
729,786
55,660
260,647
66,217
1,366,347
516,158
39,390
2,227,265
1,168,514
157,606
90,619
(2,767,191)
739,700
1,068,995
2,650
26,786

1,055,862
1,929,656
8,375
1,235,808
52,194
252,472
46,563
1,074,352
564,000
31,452
1,432,083
1,047,818
90,619
50,000
1,481,550
951,024
2,750
26,786

11,570,828

11,333,362

Total Debt Service

144,556,294

84,951,398

79,333,546

84,951,398

-

92,282,340

72,626,753

Capital Improvement

1,887,521,461

418,264,397

333,391,326

418,264,397

-

-

-

Non-Departmental Grants

28,580,178

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

469,570,322 $

413,026,109

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

3,266,399,847

$

3,153,268,861

$

3,021,579,590

$

244,820,257

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

2023-2024
Actual Yearto-Date

Actual Yearto-Date

Budget

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

$
1,152,889
19,230,051
19,521,057
4,774,175
16,192,325
12,436,675
13,533,570
1,265,555
91,967
54,257,458
55,327,220
9,419,512
2,487,641
33,549,149
1,276,757
113,924,197

234,609
8,248,942
7,498,601
4,036,583
26,054,461
14,687,633
7,838,633
8,976,980
506,804
440,410
55,095,087
31,773,860
8,357,398
3,194,087
43,349,022
53,377,029

$

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

1,054,435
3,989,484
4,245,511
4,756,938
13,436,536
12,284,670
7,298,768
1,148,349
91,967
4,681,916
40,577,372
1,554,386
33,549,149
1,276,757
91,542,612

$

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

98,454
15,240,567
15,275,546
17,237
2,755,789
152,005
6,234,803
117,206
49,575,542
14,749,848
9,419,512
933,255
22,381,585

$

2,620,884
16,538,606
250,000
70,544,912
62,298,568
4,496,558
151,566,542
2,362,218
44,959,727
6,221,709
6,679,769
181,687,744
102,214,571
30,813,712
24,153,210
455,411,920
7,001,067
495,434,050

$

2,023,695,964 $

358,440,201 $

273,670,139

$

1,177,371,038 $

221,488,850

$

846,324,926 $

136,951,351

$

1,665,255,763

$

$

1,168,847,275
68,470,134
34,708,075
644,479,503
628,942,966
2,545,447,953

$

$

322,125,195
12,772,562
23,609,976
375,277,474
75,685,536
809,470,743

$

4,569,143,917

$ 1,167,910,944

$

$

81,833,819
11,964,719
12,252,614
66,374,863
123,385,219
295,811,233

$

359,109,471
13,110,134
24,444,137
89,117,002
224,369,679
710,150,423

94,659,180
2,431,371
2,620,814
50,147,439
46,916,743
$ 196,775,547

$

569,481,372

$ 1,887,521,461

$ 418,264,397

28

$

$

$

$

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

$

2,681,622,456

$

$

227,466,015
10,341,191
20,989,162
325,130,035
28,768,794
612,695,196

$

$

846,722,080
55,697,572
11,098,099
269,202,029
553,257,430
1,735,977,210

$

749,646,547

$

3,401,232,973

Bonds Authorized and Sold
As of JANUARY 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