March 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

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

May 19, 2025

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) March 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
March 2025
Table of Contents
Expenditures by Programs

Page

Performance Status

Better than Expected

General Fund Expenditures
General Fund Total Expenditures

1

General Government

1

Expected

Criminal Justice

1

Better than Expected

Public Safety

2

Monitor and Consider Taking Action

Transportation

2

Expected

Community Development

2

Monitor and Consider Taking Action

Community Enrichment

3

Better than Expected

Environmental Services

3

Better than Expected

Citywide Expenditures
Citywide Total Operating Expenditures

4

Better than Expected

General Government

4

Better than Expected

Criminal Justice

4

Better than Expected

Public Safety

5

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

Page

Performance Status

General Fund Total Operating Revenue

10

Expected

Property Tax

11

Expected

Local Sales Tax

12

Better than Expected

Revenues by Source

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Better than Expected

Governmental Funds

15

Monitor and Consider Taking Action

Aviation

16

Better than Expected

Water System

17

Monitor and Consider Taking Action

Wastewater

18

Better than Expected

Financial Schedules

Page

General Fund Revenue

19

General Fund Expenditures

20

Citywide Operating Revenue

21

Citywide Operating Expenditures

22

Citywide Operating Revenue by Source

23

Citywide Operating Expenditures by Program

26

Capital Expenditures and Encumbrances

28

Bonds Authorized and Sold

29

Notes:
Performance Status

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

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

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

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

March YTD
Expenditures
1,013,795
1,058,924
1,209,699
1,348,721
1,429,454

Total General Fund

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

% of Annual
Expenditures
73.9%
72.0%
74.5%
73.1%
72.1%

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

$2,500,000
March 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 March are 6.0% 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

March YTD
Expenditures
115,104
116,794
137,891
160,246
180,049

Annual
% of Annual
Expenditures * Expenditures
74.6%
154,211
72.1%
161,907
72.2%
190,945
71.3%
224,802
70.8%
254,259

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

$300,000
$250,000

March YTD
Expenditures

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

Annual
Expenditures *

$50,000
$0
20-21

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 March are 12.4% higher than the same period in fiscal year 2023-24. The largest driver accounting for increase year-over-year is Human
Resource's $4.2 million charge for the Firefighters Cancer Reimbursement Fund Assessment.
General fund expenditures increased 17.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 17.9% from 2022-23 over 2021-22 and an increase of 5.0%
from 2021-22 over 2020-21 fiscal results.

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

Criminal Justice

March YTD
Expenditures

Annual
Expenditures *

26,376
30,149
30,484
32,252
34,212

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

% of Annual
Expenditures
72.9%
75.4%
72.0%
73.9%
72.2%

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

$50,000
March 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 March are 6.1% 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
March YTD
Expenditures

Annual
Expenditures *

687,120
717,615
824,521
907,643
932,887

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

% of Annual
Expenditures
74.2%
72.3%
76.2%
73.8%
74.7%

$1,500,000
March 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 March are 2.8% 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

March YTD
Expenditures

Annual
Expenditures *

18,090
17,379
19,666
18,602
18,721

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

% of Annual
Expenditures
81.7%
75.0%
79.2%
74.4%
74.1%

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

$30,000
$25,000
March 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 March are 0.6% 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

March YTD
Expenditures
18,109
21,233
22,450
26,858
30,181

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

% of Annual
Expenditures
75.1%
75.2%
69.2%
71.7%
73.0%

$50,000
March YTD
Expenditures

$40,000
$30,000
$20,000

Annual
Expenditures *

$10,000

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

$0
20-21

Monitor and Consider Taking Action

21-22

22-23

23-24

24-25

Community Development expenditures include costs for economic development and neighborhood services. The fiscal year 2024-25 budgeted general fund community development
expenditures are 10.3% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund community development expenditures through March are 12.4% 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
71.0%
73.0%
73.2%
74.5%
71.7%

$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

March YTD
Expenditures
112,581
126,802
139,590
164,304
169,705

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

March 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 March are 3.3%
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

March YTD
Expenditures
16,950
19,784
19,220
24,964
26,918

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

% of Annual
Expenditures
81.1%
74.6%
67.8%
85.8%
70.7%

$40,000
March 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 March are 7.8% 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

March YTD
Expenditures
3,061,389
3,326,700
3,556,752
3,911,854
4,069,822

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

% of Annual
Expenditures
73.5%
74.1%
75.1%
74.4%
57.9%

* 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
March 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 March are 4.0% higher than the same period in the prior fiscal year.

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

March YTD
Expenditures
161,461
129,458
183,437
189,583
213,150

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

% of Annual
Expenditures
77.8%
54.2%
74.5%
71.8%
69.1%

$400,000
March 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 March 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

March YTD
Expenditures
32,450
35,363
35,650
38,425
40,494

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

% of Annual
Expenditures
73.5%
75.2%
72.1%
74.6%
71.8%

$80,000
March 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 March are 5.4% 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
74.6%
73.0%
76.3%
75.8%
75.3%

$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

March YTD
Expenditures
837,131
897,314
1,033,231
1,128,010
1,163,234

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

March 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 March are 3.1% higher than the same period in the prior fiscal year.

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

Transportation

March YTD
Expenditures
569,194
670,236
660,890
714,986
712,268

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

% of Annual
Expenditures
72.4%
84.1%
83.3%
83.8%
71.5%

$1,000,000
$800,000

March 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 March are 0.4% 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

March YTD
Expenditures
184,852
164,825
193,549
241,913
248,176

Community Development
Annual
Expenditures *
245,310
227,960
270,479
327,281
450,870

% of Annual
Expenditures
75.4%
72.3%
71.6%
73.9%
55.0%

$500,000
March 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 37.8% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through March are 2.6% higher
than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
% of Annual
Expenditures
75.2%
76.9%
80.5%
75.9%
71.3%

$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

March YTD
Expenditures
293,721
323,258
362,309
360,430
360,904

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

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

Environmental Services

Environmental Services
% of Annual
Expenditures
74.6%
77.1%
74.0%
76.1%
61.0%

$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

March YTD
Expenditures
548,358
580,173
614,051
682,821
668,757

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

March 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 March are 2.1% 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

March YTD
Expenditures
99,041
98,565
175,143
102,000
108,093

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

General Obligation Debt Service
% of Annual
Expenditures
75.1%
75.2%
84.3%
75.0%
74.8%

$240,000
March 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 March 2024 are 6.0% 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

$ 2,029,981

$

512,348

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

$

355,350

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

45,038

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

25,163

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)

$

$

648,649

381,954

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)

$

$

623,994

99,409

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

March 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

21-22

22-23

23-24

24-25

March YTD
Annual
% of Annual
Revenues Revenues* Revenues
1,105,759 1,491,537
74.1%
1,083,082 1,508,526
71.8%
1,236,281 1,695,886
72.9%
1,404,278 1,905,441
73.7%
1,369,399 1,843,609
74.3%

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

Year to Date Performance Status
Expected
Fiscal year 2024-25 general fund operating revenues are budgeted to decrease -3.2% over prior year actuals. Actual revenues
through March are 2.5% lower than the same period in the prior fiscal year. Specific revenue sources are discussed on the
following pages.

10

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

Property Taxes Primary & Secondary
360,000
320,000

240,000

138,549

131,014

280,000
126,148

119,973

115,069

Secondary

200,000
85,886

Primary

160,000
120,000
80,000

215,419

206,393

201,050

192,215

182,043

133,541
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
219,427
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
6,716
8,240

Mar
9,456
8,972
10,370
11,181
11,861
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
133,541
85,886
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

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

Feb
32,672
42,535
54,420
52,116
48,011
50,454

Mar
63,749
44,740
52,376
59,547
84,517
61,189

YTD thru
March
411,419
470,179
511,435
533,485
557,790
534,824

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 March are 4.3% 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 March fiscal year 2024-25 Local Sales Tax revenues increased 4.6% 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

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

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

Feb
10,831
12,163
19,205
21,264
21,453
17,872

Mar
15,878
18,738
22,501
20,978
20,536
21,992

May

YTD thru
March
147,032
171,429
187,374
196,699
200,274
197,840

June

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

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

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

Year to Date Performance Status
Better than Expected
State Sales Tax for fiscal year 2024-25 are budgeted to increase 4.1% over fiscal year 2023-24 actual results. Year-to-date State Sales Tax through March are 1.2% higher than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget.
Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through March fiscal year 2024-25 State Sales Tax revenues increased 1.8% compared to the same period in prior year. For the fiscal year 2023-24 State Sales Tax for the full year
increased 3.2% over fiscal year 2022-23. Fiscal year 2022-23 increased 5.2% over 2021-22 full year results.

13

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

Vehicle License Tax
Budget vs Actual
12,000

10,000
20-21 Actuals
8,000

21-22 Actuals
22-23 Actuals

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

Feb
5,568
5,828
6,276
6,343
6,520
6,407

Mar
6,411
6,418
7,297
9,364
9,098
7,868

YTD thru
March
61,769
60,044
61,510
65,242
68,399
66,318

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 March are 3.1%
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 March fiscal year 2024-25 Vehicle License Tax revenues increased 4.8% 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

Feb
178,738
199,258
246,172
221,491
301,330
264,752

Mar

Mar
272,444
230,537
255,008
344,024
320,224
341,749

Apr

May

June

YTD thru
March
1,964,803
2,042,337
2,194,350
2,530,757
2,587,591
2,689,819

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 March are 3.8% 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 March fiscal year 2024-25 Governmental Funds revenues increased 2.2% 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
23-24
Actuals
24-25
Actuals

80,000

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

Feb

Mar

Apr

May

June

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

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

Feb
61,877
33,583
57,291
46,427
50,696
55,285

Mar
25,487
38,417
45,866
49,078
55,059
44,091

YTD thru
March
237,230
331,333
365,700
430,607
476,331
378,844

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
March are 25.7% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an
allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through March 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

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

Feb
25,188
28,035
26,868
50,549
36,231
44,532

Mar
28,415
31,242
30,349
34,151
37,185
42,322

YTD thru
March
368,718
354,559
367,723
458,184
495,914
528,080

June

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

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

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

Year to Date Performance Status
Monitor and Consider Taking Action
Water Operating revenues for fiscal year 2024-25 are budgeted to increase 16.1% over fiscal year 2023-24 actual results. Year-to-date Water Operating revenues through March are
6.1% 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 March fiscal year 2024-25 Water Operating revenues increased 8.2% 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

Feb
24,355
21,916
25,503
24,321
26,783
27,033

Mar
21,754
23,023
22,405
28,786
30,619
26,998

YTD thru
March
195,651
202,498
201,245
220,750
246,621
230,721

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
March are 6.9% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through March fiscal year 2024-25 Wastewater Operating revenues increased 11.7% 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 MARCH 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

557,790 $
2,890

533,485
2,881

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

200,274
263,262
68,399
133,541
2,130
3,215

196,699
326,816
65,242
129,403
2,172
3,467

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

6,462
718
13,551
218
6,372
1,280
6,763

6,425
625
13,089
347
6,663
1,476
11,048

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

44,990
985
15,144
26,173
15,242

49,501
746
11,707
23,785
18,702

1,843,609

19

$

$

1,369,399

$

1,404,278

General Fund Expenditures
As of MARCH 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

$

1,873 $
4,076
8,924
73,542
3,782
2,585
23,838
2,861
4,524
22,541
3,858
27,072
572
180,049

1,828
4,294
6,921
62,492
3,532
2,334
23,138
2,693
6,649
22,162
3,716
20,031
454
160,246

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

29,460
4,752
34,212

27,810
4,442
32,252

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

574,693
358,194
932,887

550,378
357,265
907,643

Transportation
Street Transportation
Total Transportation

25,252
25,252

18,721
18,721

18,602
18,602

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

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

7,686
16,346
4,979
1,169
30,181

6,660
14,293
4,196
1,709
26,858

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

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

94,920
39,453
25,299
10,033
169,705

93,410
36,554
26,925
7,415
164,304

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

25,104
1,068
746
26,918

23,482
1,043
439
24,964

Capital Improvement

91,824

36,781

13,854

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

Total Expenditures and Encumbrances

$

20

2,131,759

$

1,429,454 $ 1,348,721

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 MARCH 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

$

557,790 $
2,890

533,485
2,881

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

200,274
263,262
68,399
133,541
2,130
3,215
7,181
13,551
218
6,372
1,280
6,763
61,119
26,173
15,242

196,699
326,816
65,242
129,403
2,172
3,467
7,050
13,089
347
6,663
1,476
11,048
61,953
23,785
18,702

1,843,609

1,369,401

1,404,278

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

40,698
107,566
44,177
9,892
313,493
2,856
66,554
5,762
24,109
123,296
52,318
4,465
43,595
293,502
85,909

39,484
100,326
43,019
9,180
304,827
(1,999)
68,797
5,937
22,009
119,047
53,488
3,790
21,443
253,100
84,031

2,204,558

1,218,193

1,126,479

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

476,331
88,918
495,914
246,621
163,588

430,607
87,100
458,184
220,750
158,839

1,961,096

1,471,372

1,355,480

6,009,263

21

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

$

$ 4,058,966 $ 3,886,236

Citywide Operating Expenditures
As of MARCH 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

180,049 $
33,101
213,150

160,246
29,337
189,583

47,381
8,979
56,360

34,212
6,282
40,494

32,252
6,173
38,425

Public Safety
General Funds
Other Funds
Total Public Safety

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

932,887
230,347
1,163,234

907,643
220,367
1,128,010

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

18,721
693,547
712,268

18,602
696,384
714,986

Community Development
General Funds
Other Funds
Total Community Development

41,362
409,508
450,870

30,181
217,995
248,176

26,858
215,055
241,913

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

169,705
191,199
360,904

164,304
196,126
360,430

Environmental Services
General Funds
Other Funds
Total Environmental Services

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

26,918
641,839
668,757

24,964
657,857
682,821

144,556
144,556

108,093
108,093

102,000
102,000

91,824
1,801,203
1,893,027

36,781
517,964
554,745

13,854
439,831
453,685

$

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

1,429,454
2,640,367
4,069,822 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

1,348,723
2,563,130
3,911,854

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
MARCH 31
2025
2024

Budget
Estimate
2024-2025

Source

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

General Funds
$

59,547,352
145,215

Local Taxes:
Sales Taxes
Privilege License Fees

84,682,728

59,692,567

Total Local Taxes

737,081,103

560,679,753

536,366,173

20,535,993
29,251,332
9,097,871

20,977,917
36,312,872
9,364,647

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

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

200,274,468
263,261,988
68,398,843

196,698,768
326,815,848
65,242,289

58,885,196

66,655,436

699,105,000

531,935,299

588,756,905

7,130,266

6,872,386

Primary Property Tax

215,419,000

133,540,885

129,403,072

264,540

303,285

Licenses and Permits

3,064,000

2,130,100

2,171,774

-

-

Cable Communications

6,580,000

3,214,830

3,466,533

946,525
149,940

818,990
113,182

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

6,462,377
718,446

6,425,080
625,120

1,096,465

932,172

9,117,450

7,180,823

7,050,200

1,469,834

1,655,777

15,105,423

13,550,960

13,088,917

22,154

26,937

452,312

218,254

347,429

517,740

1,413,844

Parks and Recreation

6,623,940

6,372,346

6,662,775

171,912

173,956

Planning and Development

2,141,580

1,280,177

1,475,849

932,466

950,834

Street Transportation

8,013,181

6,763,078

11,048,007

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

44,990,184
984,975
15,143,676

49,500,849
745,671
11,706,524

96,162,491

61,118,835

61,953,044
23,784,782

84,516,708
166,020

$

$

Total State Shared Taxes

Total Municipal Court
Police
Library Fees

733,577,953
3,503,150

$

557,789,757
2,889,996

$

533,485,043
2,881,130

11,558,652
374,921
593,723

43,232,949
209,329
281,384

12,527,296

43,723,662

3,199,801

3,048,872

Interest

21,589,000

26,173,292

618,470

1,190,487

Other Fees and Service Charges

23,154,093

15,242,071

18,702,429

171,518,868

186,640,215

1,843,608,573

1,369,400,703

1,404,277,889

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
4,241,734
302,981
1,514,906
104,293

3,115,981
222,571
1,112,851
63,340

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

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

27,817,382
1,986,956
9,934,780
958,756

27,235,099
1,945,365
9,726,821
576,288

6,163,914

4,514,743

Total Neighborhood Protection

56,849,809

40,697,874

39,483,573

12,509,261
4,148,477
60,165

8,315,460
2,511,889
43,136

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

80,441,577
26,228,576
896,194

75,755,821
23,839,661
730,349

16,717,903

10,870,485

146,108,070

107,566,347

100,325,831

6,476,627

4,956,110

58,684,199

44,177,092

43,018,566

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
MARCH 31
2025
2024
$

1,072,561
434,640
30,224
54,951

$

Budget
Estimate
2024-2025

Source

1,033,665
440,332
23,447
65,349

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
$

6,186,990
2,939,863
245,673
519,408

$

5,960,991
2,643,442
159,639
415,504

1,592,376

1,562,793

Total Golf Courses

12,279,180

9,891,934

9,179,576

41,448,926
10,497,783

30,569,567
5,850,378

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

271,949,650
41,543,299

265,988,481
38,838,140

51,946,709

36,419,945

422,747,900

313,492,949

304,826,621

379,848

231,390

Court Awards

5,010,751

2,855,640

(1,999,134)

7,850,096

6,360,112

Planning and Development

82,132,700

66,553,975

68,797,361

966,049

660,655

Capital Construction

8,368,140

5,762,449

5,936,563

4,224,589
349,380

2,541,670
301,224

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

20,302,235
3,806,883

18,847,055
3,162,443

4,573,969

2,842,894

Total Sports Facilities

39,022,412

24,109,118

22,009,498

13,474,002
576,783
51,743

14,253,782
607,223
10,948

Highway User Revenue:
Highway User Revenue
Interest
Other

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

117,160,732
5,366,895
768,421

114,009,409
4,751,555
286,362

14,102,528

14,871,953

165,420,836

123,296,048

119,047,326

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,758,399

6,702,446

Regional Transit Revenues

85,226,104

52,318,483

53,487,623

1,274,664

293,736

Community Reinvestment

11,092,101

4,464,639

3,790,415

726,745

433,832

Other Restricted Fees

54,049,463

43,594,509

21,443,173

Grants:
Public Housing:
Rentals
Grants
Other

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

3,735,959
127,070,187
17,317,388

3,633,763
121,135,332
19,354,211

326,904,208

148,123,534

144,123,306

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

51,059,046
8,258,976
8,652,566
77,407,986

48,622,773
(15,007,668)
8,710,570
66,651,372

405,861
14,444,898
1,093,189

392,048
20,899,953
1,095,678

15,943,948

22,387,679

7,158,135
129,430
1,252,344
2,486,183

4,658,407
2,529,762
1,749,762
31,027,984

11,026,092

39,965,915

Total Other

588,560,844

145,378,574

108,977,047

26,970,040

62,353,594

Total Grants

915,465,052

293,502,108

253,100,353

4,730,936
(1,525,012)

4,308,920
-

138,548,664
3,552,237

85,886,321
23,003

81,841,193
2,190,119

3,205,924

4,308,920

142,100,901

85,909,324

84,031,312

148,705,791

157,383,608

2,204,557,618

1,218,192,489

1,126,478,657

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
MARCH 31
2025
2024

Budget
Estimate
2024-2025

Source

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

Enterprise Funds
AVIATION:
$

12,486,204 $
38,604,195
2,552,949
114,463
296,782
368,470
635,325

11,379,983
33,642,444
2,139,395
450,350
490,114
352,175
623,183

55,058,388

49,077,644

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

$

113,526,820
321,676,492
30,378,904
(1,621,076)
3,080,111
3,508,068
5,781,282

$

101,849,942
290,843,282
24,114,864
2,575,286
2,871,694
3,212,538
5,139,073

595,697,397

476,330,601

430,606,679

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

61,784,900
21,404,237
5,729,049

59,826,530
23,117,310
4,155,681

131,090,300

88,918,186

87,099,521

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

443,823,671
1,741,835
6,492,540
7,309,348
2,467,050
10,613,041
23,466,676

384,325,380
1,984,787
6,617,111
6,634,477
4,877,456
9,942,803
43,801,848

715,024,563

495,914,161

458,183,862

CONVENTION CENTER:
10,790,975
2,259,935
655,592

7,179,273
4,130,493
548,375

13,706,502

11,858,141

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

35,794,270
196,349
60,024
(913,942)
375,660
1,187,197
485,343

30,751,954
220,714
450,831
230,823
527,820
1,182,461
785,859

37,184,901

34,150,462

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

22,940,136
2,014,340
354,780
1,161,564
4,148,186

20,326,131
3,926,551
481,560
991,685
3,060,635

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

194,174,353
18,336,995
2,385,420
11,228,886
20,495,837

169,368,967
17,304,057
4,655,280
9,489,754
19,932,040

30,619,006

28,786,562

Total Wastewater

310,693,562

246,621,491

220,750,098

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

141,753,083
11,044,059
1,602,853
9,188,047

137,725,108
10,750,270
1,438,409
8,925,627

208,590,677

163,588,042

158,839,414

1,961,096,499

1,471,372,481

1,355,479,574

SOLID WASTE:

$

15,988,717
1,008,926
206,681
1,697,956

15,568,045
929,720
163,663
1,808,550

18,902,280

18,469,978

155,471,077

142,342,787

475,695,736

$

486,366,610

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

$

25

6,009,262,690

$

4,058,965,673

$

3,886,236,120

Citywide Operating Expenditures by Program
For the Month Ended
MARCH 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
$

194,405 $
455,088
1,168,307
5,989,587
106,782
327,338
283,133
2,656,553
270,200
366,576
1,636,992
249,909
9,897
394,340
3,423,039
2,162,311

164,243
408,396
1,165,300
4,293,272
95,635
305,225
271,039
2,387,718
171,384
286,515
1,611,352
(2,689,389)
11,620
377,363
3,236,840
1,608,736

19,694,455

13,705,253

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

$

1,873,136
4,075,685
13,825,527
82,016,083
1,443,707
3,786,390
2,979,737
25,097,969
2,861,259
4,524,196
22,677,501
(397,683)
66,894
3,858,104
41,180,690
3,281,208

$

1,827,785
4,294,073
7,951,522
72,561,849
1,361,690
3,541,890
2,734,927
24,286,469
2,693,497
6,649,388
24,114,608
(543,490)
75,948
3,715,943
30,321,399
3,995,630

$

1,873,136
4,075,685
13,825,527
74,201,136
1,443,707
3,786,390
2,979,737
25,097,969
2,861,259
4,524,196
22,541,044
(397,683)
66,894
3,858,104
28,396,712
3,281,208

$

7,814,947
136,457
12,783,977
-

308,599,393

213,150,401

189,583,127

192,415,020

20,735,381

49,458,140
6,901,638

35,742,087
4,752,201

33,983,215
4,441,851

30,905,424
4,752,201

4,836,663
-

56,359,778

40,494,288

38,425,066

35,657,625

4,836,663

982,286,006
563,236,236
-

738,007,860
425,226,221
-

713,400,997
414,609,061
-

735,894,993
422,356,307
-

2,112,867
2,869,914
-

1,545,522,242

1,163,234,081

1,128,010,058

1,158,251,300

4,982,781

Criminal Justice
3,744,418
549,543

3,453,762
549,624

4,293,960

4,003,386

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

75,611,882
44,699,014
-

75,316,179
41,438,316
-

120,310,896

116,754,495

Police
Fire
Other
Total Public Safety
Transportation

8,518,848
512,097
36,526,222
29,333,019

9,609,710
471,566
38,646,446
4,057,766

Street Transportation
Street Lighting
Aviation
Public Transit

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

89,038,860
9,259,489
337,019,793
276,949,918

86,975,065
8,404,009
311,276,505
308,330,736

79,774,711
9,259,489
264,002,299
276,949,918

9,264,148
73,017,493
-

74,890,186

52,785,487

Total Transportation

996,750,019

712,268,059

714,986,315

629,986,417

82,281,642

Community Development
7,703,900
14,562,196
891,329
3,341,914

7,361,038
13,109,805
4,627,999
3,977,064

Planning and Development
Housing
Economic Development
Neighborhood Services Department

101,520,092
259,603,855
24,211,710
65,534,730

70,718,430
130,048,147
20,126,235
27,283,172

66,715,940
118,870,435
23,979,658
32,346,876

70,718,430
130,048,147
18,100,946
27,283,172

2,025,290
-

26,499,339

29,075,905

Total Community Development

450,870,387

248,175,984

241,912,910

246,150,694

2,025,290

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

110,560,475
40,609,965
73,266,480
10,169,126
111,697,307
6,989,575
7,611,087

109,320,117
37,510,920
58,190,025
9,569,277
135,620,457
5,471,640
4,747,200

110,264,092
40,609,965
55,498,963
111,642,824
6,989,575
7,611,087

296,382
17,767,518
10,169,126
54,483
-

506,330,641

360,904,015

360,429,636

332,616,507

28,287,509

Community Enrichment
10,430,562
3,164,674
4,874,335
1,129,823
8,918,490
43,777
746,399

11,783,927
4,253,169
5,838,478
1,063,173
9,135,066
39,896
228,244

29,308,060

32,341,951

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
MARCH 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
$

33,338,639 $
16,990,193
14,429,354
2,682,332
229,899
52,172

41,946,994
18,036,473
15,492,830
2,517,957
319,915
94,237

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

67,722,590

78,408,406

Total Environmental Services

$

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

$

335,293,354
158,671,289
135,607,513
34,357,498
3,796,690
1,030,634

$

345,563,444
166,873,977
135,248,580
31,687,592
2,847,390
600,117

$

227,155,399
112,453,935
128,109,575
25,327,651
3,796,690
1,030,634

$

108,137,955
46,217,354
7,497,937
9,029,847
-

1,096,874,014

668,756,978

682,821,100

497,873,884

170,883,094

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

4,867,084
21,836,560
4,905,370
386,814
6,429,699
500,944
2,336,869
587,365
12,297,120
4,628,139
354,506
19,837,404
10,408,475
1,229,326
815,574
112,400
150,000
6,657,300
9,487,183
23,850
241,072

9,502,754
17,366,901
75,375
11,122,271
469,744
2,272,247
419,063
9,669,169
5,076,001
283,069
12,888,743
9,430,366
815,574
12
450,000
13,333,949
8,559,211
24,750
241,072

4,867,084
21,836,560
4,905,370
386,814
6,429,699
500,944
2,336,869
587,365
12,297,120
4,628,139
354,506
19,837,404
10,408,475
1,229,326
815,574
112,400
150,000
6,657,300
9,487,183
23,850
241,072

-

General Obligation Debt Service

$

565,829
2,426,284
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
14,400
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

108,093,054

102,000,270

108,093,054

-

76,081,095

82,148,266

Capital Improvement

1,893,027,103

554,745,238

453,685,246

554,745,238

-

-

-

Non-Departmental Grants

28,580,178

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

430,371,410 $

420,556,511

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

4,069,822,099

$

3,911,853,728

$

3,755,789,740

$

314,032,359

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 $
17,008,161
250,000
89,774,963
81,819,625
9,270,733
173,947,843
14,798,893
58,493,297
7,487,264
6,771,736
235,945,202
157,541,791
40,233,224
27,420,361
488,961,069
8,277,823
609,358,247

$
1,943,637
23,724,414
23,916,131
5,358,898
26,385,723
13,193,967
14,373,451
3,171,630
86,489
73,912,661
69,317,135
32,955,907
5,906,714
76,778,215
1,388,034
139,934,506

398,767
10,368,154
9,120,123
5,108,217
27,509,278
21,529,969
8,098,218
13,733,821
529,888
676,097
68,499,775
56,118,240
8,357,398
3,520,803
60,045,191
99,757,836

$

$
11,758,161
250,000
42,540,638
5,689,208
6,500,000
141,575,109
14,482,338
33,122,986
5,396,153
6,771,736
16,450,000
121,395,599
7,575,733
488,961,069
2,277,823
278,909,637

1,282,099
6,638,918
8,306,933
4,867,832
23,154,925
12,727,869
8,178,968
3,054,424
86,489
4,673,914
54,034,669
1,992,048
76,778,215
1,388,034
113,300,007

$

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

661,538
17,085,496
15,609,199
491,066
3,230,799
466,097
6,194,483
117,206
69,238,747
15,282,467
32,955,907
3,914,666
26,634,499

$

2,620,884
15,064,524
250,000
66,050,549
57,903,494
3,911,835
147,562,120
1,604,926
44,119,846
4,315,634
6,685,247
162,032,541
88,224,656
7,277,317
21,513,647
412,182,854
6,889,789
469,423,741

$

2,029,981,116 $

512,347,514 $

393,371,777

$

1,183,656,190 $

320,465,345

$

846,324,926 $

191,882,168

$

1,517,633,602

$

$

1,168,847,275
68,470,134
34,708,075
648,649,427
623,993,532
2,544,668,443

$

$

355,350,020
45,038,242
25,162,718
381,953,747
99,409,157
906,913,884

$

4,574,649,559

$ 1,419,261,398

$

$

305,659,562
14,811,802
13,232,940
98,097,093
159,165,501
590,966,897

$

359,109,471
13,110,134
24,444,137
91,812,947
220,894,224
709,370,913

$ 107,013,659
2,656,405
3,713,290
56,418,568
64,477,971
$ 234,279,893

$

984,338,674

$ 1,893,027,103

$ 554,745,238

28

$

$

$

809,737,804
55,360,000
10,263,938
556,836,480
403,099,308
1,835,297,530

$

2,681,622,456

$

$

248,336,362
42,381,837
21,449,428
325,535,178
34,931,186
672,633,991

$

$

813,497,255
23,431,892
9,545,357
266,695,680
524,584,375
1,637,754,559

$

864,516,159

$

3,155,388,161

Bonds Authorized and Sold
As of MARCH 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