May 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

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

Jodi Nicholson
Deputy Finance Director

July 1, 2025

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

Better than Expected

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Revenues by Source

Page

Performance Status

General Fund Total Operating Revenue

10

Expected

Property Tax

11

Monitor and Consider Taking Action

Local Sales Tax

12

Expected

State Sales Tax

13

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

May YTD
Expenditures
1,214,849
1,293,589
1,454,532
1,628,415
1,714,750

Total General Fund

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

% of Annual
Expenditures
88.6%
88.0%
89.6%
88.3%
86.5%

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

$2,500,000
May 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 May are 5.3% 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

May YTD
Expenditures
136,410
143,335
163,710
194,452
216,949

General Government
Annual
% of Annual
Expenditures * Expenditures
88.5%
154,211
88.5%
161,907
85.7%
190,945
86.5%
224,802
85.3%
254,259

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

$300,000
$250,000

May 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 May are 11.6% 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

May YTD
Expenditures

Annual
Expenditures *

32,005
36,397
37,065
39,181
41,608

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

% of Annual
Expenditures
88.5%
91.0%
87.5%
89.7%
87.8%

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

$50,000
May 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 May are 6.2% 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
May YTD
Expenditures

Annual
Expenditures *

826,661
870,725
989,981
1,091,384
1,125,398

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

% of Annual
Expenditures
89.3%
87.7%
91.4%
88.7%
90.2%

$1,500,000
May 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 May are 3.1% 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

May YTD
Expenditures

Annual
Expenditures *

21,169
21,788
23,396
22,682
22,710

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

% of Annual
Expenditures
95.6%
94.1%
94.2%
90.7%
89.9%

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

$30,000
May YTD
Expenditures

$25,000

$20,000
Annual
Expenditures *
$15,000
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 May are 0.1% 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

May YTD
Expenditures
21,877
25,711
27,753
33,034
35,530

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

% of Annual
Expenditures
90.7%
91.1%
85.6%
88.1%
85.9%

$50,000
May 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 May are 7.6% 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
86.2%
88.8%
87.6%
89.4%
86.1%

$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

May YTD
Expenditures
136,733
154,270
167,175
197,039
203,722

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

May 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 May are 3.4%
higher than the same period in fiscal year 2023-24. The anticipated increase is due to higher contractual services related to parking management services in fiscal year 2024-25.

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

Environmental Services

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

May YTD
Expenditures
18,892
23,936
21,810
28,880
30,543

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

% of Annual
Expenditures
90.4%
90.3%
77.0%
99.3%
80.3%

$40,000
May 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 May are 5.8% 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

May YTD
Expenditures
3,761,569
3,984,197
4,280,354
4,728,872
4,957,645

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

% of Annual
Expenditures
90.4%
88.8%
90.3%
89.9%
70.5%

* 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
May 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 May are 4.8% higher than the same period in the prior fiscal year.

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

May YTD
Expenditures
185,982
157,836
215,207
229,366
255,881

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

% of Annual
Expenditures
89.7%
66.1%
87.4%
86.8%
82.9%

$400,000
May 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 May are 11.6% 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

May YTD
Expenditures
39,356
42,831
43,402
46,733
49,016

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

% of Annual
Expenditures
89.1%
91.0%
87.8%
90.8%
87.0%

$80,000
May 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 May are 4.9% 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
89.9%
88.4%
91.4%
91.3%
90.6%

$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

May YTD
Expenditures
1,009,070
1,086,595
1,238,479
1,358,764
1,399,579

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

May 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 May 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

May YTD
Expenditures
746,546
750,610
753,373
807,717
855,490

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

% of Annual
Expenditures
94.9%
94.2%
95.0%
94.6%
85.8%

$1,000,000
$800,000

May 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 May are 5.9% higher 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

May YTD
Expenditures
217,809
201,704
241,692
294,832
301,484

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

% of Annual
Expenditures
88.8%
88.5%
89.4%
90.1%
66.9%

$500,000
May 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 May are 2.3% 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
89.3%
90.6%
95.7%
90.8%
84.2%

$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

May YTD
Expenditures
348,984
380,922
430,667
431,249
426,365

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

May 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 May are 1.1%
lower than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
91.6%
92.1%
91.6%
92.3%
75.3%

$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

May YTD
Expenditures
673,357
692,593
760,253
828,135
826,251

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

May 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 May are 0.2% 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

May YTD
Expenditures
120,972
120,468
196,950
124,667
131,235

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

General Obligation Debt Service
% of Annual
Expenditures
91.7%
91.9%
94.8%
91.7%
90.8%

$240,000
May YTD
Expenditures

$180,000
$120,000

Annual
Expenditures *

$60,000

* For prior years -- total actual expenditures; for current year -- total approved
budget net of credit for early redemption fund resources

$0
20-21

21-22

22-23

23-24

24-25

Better than Expected
General obligation debt service expenditures budget for fiscal year 2024-25 has a increase of 6.3% over fiscal year 2023-24 actuals in total operating expenditures. Actual
debt service expenditures through May 2024 are 5.3% 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

$

699,203

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

$

385,094

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

48,246

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

26,354

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)

$

$

650,344

454,198

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)

$

$

622,299

141,195

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

May 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

May YTD
Revenues
1,361,828
1,379,664
1,554,914
1,745,777
1,674,118

21-22

22-23

23-24

24-25

Annual
% of Annual
Revenues* Revenues
1,491,537
91.3%
1,508,526
91.5%
1,695,886
91.7%
1,905,441
91.6%
1,843,609
90.8%

* 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 May are 4.1% 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

107,055

Secondary

200,000

Primary

160,000
120,000
80,000

182,043

192,215

201,050

20-21

21-22

22-23

215,419

206,393
168,353

40,000
-

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
275,408
353,968

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

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

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
13,875
15,894

24-25 Budget

May
76,862
71,096
77,294
81,036
42,106
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
168,353
107,055
215,419
138,549

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

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

11

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

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

20-21 Actuals
21-22 Actuals

50,000

22-23 Actuals

40,000

23-24 Actuals
24-25 Actuals

30,000

24-25 Budget
20,000
10,000
July

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

Aug

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

Sept

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

Apr
40,758
54,758
43,371
73,586
47,949
58,985

May
40,197
72,938
85,884
50,079
55,089
69,152

YTD thru
May
492,374
597,875
640,690
657,150
660,828
662,961

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 May are 0.3% lower
than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through May fiscal year 2024-25 Local Sales Tax revenues increased 0.6% compared to the same period in prior year. For the fiscal year 2023-24 Local Sales Tax for
the full year increased 4.3% over fiscal year 2022-23. Fiscal year 2022-23 increased 5.7% over 2021-22 full year results.

12

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

State Sales Tax
Budget vs Actual
35,000
30,000
25,000

20-21 Actuals
21-22 Actuals

20,000

22-23 Actuals
23-24 Actuals

15,000

24-25 Actuals
24-25 Budget

10,000
5,000
July

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

Aug

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

Sept

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

Oct

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

Nov

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

Dec

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

Jan

Feb

Mar

Apr

May

June

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

Apr
23,414
25,105
23,090
19,620
22,610
25,691

May
17,998
15,952
15,244
24,370
23,718
20,716

YTD thru
May
188,444
212,486
225,708
240,689
246,602
244,247

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 May are 1.0% higher than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget.
Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through May 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

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

Apr
7,162
8,075
7,252
5,355
6,681
7,429

May
6,472
6,061
7,241
8,631
8,724
7,579

YTD thru
May
75,403
74,180
76,003
79,228
83,804
81,326

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 May are 3.0%
higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through May fiscal year 2024-25 Vehicle License Tax revenues increased 5.8% 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

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

Jan

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

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

Apr

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

May

Apr
316,241
255,574
243,521
298,429
295,809
349,236

June

May
277,929
320,064
419,779
347,769
302,514
424,664

YTD thru
May
2,558,973
2,617,975
2,857,650
3,176,955
3,185,914
3,463,719

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 May are 8.0% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an
allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through May fiscal year 2024-25 Governmental Funds revenues increased 0.3% compared to the same period in prior year. For the fiscal year 2023-24 Governmental Funds for the full
year increased 6.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 6.2% over 2021-22 full year results.

15

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

Aviation Operating Revenues
Budget vs Actual
160,000

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

80,000

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

40,000

July

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

Aug

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

Sept

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

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

Apr
31,454
40,080
48,930
66,870
59,570
51,998

May
30,668
46,367
46,926
55,891
64,497
49,921

YTD thru
May
June
299,352
91,844
417,780 155,860
461,556 112,245
553,368
54,137
600,398
480,763 114,936

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 May are 24.9% 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 May fiscal year 2024-25 Aviation Operating revenues increased 8.5% 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

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

Apr
37,714
40,702
35,722
40,533
52,410
52,724

May
42,556
45,193
41,526
51,853
59,570
61,742

YTD thru
May
448,988
440,454
444,971
550,570
607,894
642,546

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 May are 5.4%
lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget.
Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue. Due to the calculation, structuring, and implementation
of water rate increases, it is to be expected that year-to-date water operating revenues may trend below budgeted forecasts.

Through May fiscal year 2024-25 Water Operating revenues increased 10.4% compared to the same period in prior year. For the fiscal year 2023-24 Water Operating revenues for the
full year increased 23.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 1.0% over 2021-22 full year results.

17

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

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

20-21 Actuals

20,000

21-22 Actuals
22-23 Actuals

15,000

23-24 Actuals
24-25 Actuals

10,000

24-25 Budget
5,000
July

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

Aug

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

Sept

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

Oct

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

Nov

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

Dec

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

Jan

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

Feb

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

Mar

Apr

May

June

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

Apr
21,584
24,091
21,595
25,563
28,824
26,116

May
20,085
22,296
23,607
26,894
28,690
26,130

YTD thru
May
237,320
248,885
246,447
273,207
304,135
282,967

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 May
are 7.5% 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 May fiscal year 2024-25 Wastewater Operating revenues increased 11.3% 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 MAY 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

660,828 $
3,071

657,150
3,128

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

246,602
321,765
83,804
168,353
2,547
3,215

240,689
399,442
79,228
186,619
2,663
5,258

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

8,114
935
16,413
280
9,222
1,646
10,135

8,026
817
16,757
408
7,836
1,740
12,038

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

65,983
1,271
19,558
32,309
18,070

58,293
1,223
12,600
30,152
21,711

1,843,609

19

$

$

1,674,118

$

1,745,777

General Fund Expenditures
As of MAY 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

$

2,321 $
5,229
8,542
87,129
4,892
3,103
28,907
3,328
5,191
26,965
3,912
36,173
1,258
216,949

2,200
5,169
8,866
74,821
4,244
2,818
28,017
3,183
7,286
25,657
3,805
27,331
1,054
194,452

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

35,719
5,889
41,608

33,603
5,578
39,181

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

694,483
430,915
1,125,398

661,815
429,569
1,091,384

Transportation
Street Transportation
Total Transportation

25,252
25,252

22,710
22,710

22,679
22,682

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

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

9,123
18,738
6,077
1,592
35,530

7,828
17,453
5,824
1,929
33,034

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

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

115,217
46,152
31,288
11,065
203,722

112,810
44,630
31,187
8,411
197,039

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

28,698
1,322
523
30,543

26,826
1,444
609
28,880

Capital Improvement

91,824

38,290

21,764

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

Total Expenditures and Encumbrances

$

20

2,131,759

$

1,714,750 $ 1,628,415

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 MAY 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

$

660,828 $
3,071

657,150
3,128

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

246,602
321,765
83,804
168,353
2,547
3,215
9,048
16,413
280
9,222
1,646
10,135
86,813
32,309
18,070

240,689
399,442
79,228
186,619
2,663
5,258
8,843
16,757
408
7,836
1,740
12,038
72,116
30,152
21,711

1,843,609

1,674,120

1,745,777

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

49,165
127,047
53,273
12,847
380,784
2,870
88,906
6,934
34,710
152,104
62,655
6,515
57,315
369,591
107,078

49,473
124,759
53,900
12,323
383,177
(502)
81,224
7,517
33,516
147,321
65,287
5,834
33,208
313,112
121,029

2,204,558

1,511,796

1,431,178

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

600,398
112,602
607,894
304,135
201,461

553,368
113,536
550,570
273,207
195,215

1,961,096

1,826,489

1,685,896

6,009,263

21

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

$

$ 5,012,405 $ 4,862,850

Citywide Operating Expenditures
As of MAY 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

216,949 $
38,932
255,881

194,452
34,914
229,366

47,381
8,979
56,360

41,608
7,408
49,016

39,181
7,552
46,733

Public Safety
General Funds
Other Funds
Total Public Safety

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

1,125,398
274,181
1,399,579

1,091,384
267,380
1,358,764

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

22,710
832,780
855,490

22,682
785,035
807,717

Community Development
General Funds
Other Funds
Total Community Development

41,362
409,508
450,870

35,530
265,954
301,484

33,034
261,798
294,832

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

203,722
222,643
426,365

197,039
234,210
431,249

Environmental Services
General Funds
Other Funds
Total Environmental Services

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

30,543
795,708
826,251

28,880
799,255
828,135

144,556
144,556

131,235
131,235

124,667
124,667

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

38,290
674,054
712,344

21,764
585,643
607,407

$

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

1,714,750
3,242,895
4,957,645 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

1,628,416
3,100,454
4,728,872

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
MAY 31
2025
2024

Budget
Estimate
2024-2025

Source

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

General Funds
$

50,078,340
96,495

Local Taxes:
Sales Taxes
Privilege License Fees

55,268,796

50,174,835

Total Local Taxes

737,081,103

663,898,206

660,277,391

23,718,447
29,251,332
8,723,939

24,370,156
36,312,872
8,630,737

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

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

246,602,347
321,764,652
83,803,790

240,689,046
399,441,592
79,228,031

61,693,718

69,313,765

699,105,000

652,170,789

719,358,669

26,170,886

49,099,792

Primary Property Tax

215,419,000

168,353,356

186,619,165

417,270

314,331

Licenses and Permits

3,064,000

2,547,370

2,662,633

-

1,791,343

Cable Communications

6,580,000

3,214,830

5,257,876

823,608
95,149

804,624
102,490

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

8,113,525
934,507

8,026,131
817,309

918,757

907,114

9,117,450

9,048,032

8,843,440

1,259,058

1,909,174

15,105,423

16,413,083

16,756,994

27,330

24,527

Library Fees

452,312

279,892

407,820

2,093,271

519,588

Parks and Recreation

6,623,940

9,222,379

7,835,630

154,224

135,699

Planning and Development

2,141,580

1,645,693

1,740,174

1,265,280

513,687

Street Transportation

8,013,181

10,134,818

12,037,944

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

65,983,018
1,271,377
19,558,291

58,293,472
1,222,854
12,599,651

96,162,491

86,812,686

72,115,977
30,151,891

55,088,220
180,576

$

$

Total State Shared Taxes

Total Municipal Court
Police

733,577,953
3,503,150

$

660,827,627
3,070,579

$

657,149,633
3,127,758

13,809,383
130,019
529,163

4,595,040
320,629
347,454

14,468,565

5,263,123

3,138,321

3,310,978

Interest

21,589,000

32,309,488

1,103,880

1,302,736

Other Fees and Service Charges

23,154,093

18,069,686

21,711,144

167,979,356

184,580,692

1,843,608,573

1,674,120,308

1,745,776,748

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
2,969,844
212,131
1,060,659
85,110

2,959,346
211,383
1,056,910
63,748

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

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

33,616,463
2,401,176
12,005,880
1,141,006

34,141,247
2,438,661
12,193,303
699,762

4,327,744

4,291,387

Total Neighborhood Protection

56,849,809

49,164,525

49,472,973

8,228,810
2,580,000
36,360

8,082,095
2,498,784
39,152

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

95,449,765
30,616,846
980,517

94,415,362
29,547,551
796,131

10,845,170

10,620,031

146,108,070

127,047,128

124,759,044

4,646,356

4,745,659

58,684,199

53,273,272

53,899,887

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
MAY 31
2025
2024
$

726,730
332,909
35,083
57,816

$

Budget
Estimate
2024-2025

Source

982,928
451,076
28,122
89,544

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
$

8,097,619
3,774,418
312,835
662,607

$

7,996,870
3,544,749
213,007
568,615

1,152,538

1,551,670

Total Golf Courses

12,279,180

12,847,479

12,323,241

29,322,027
5,582,455

29,031,119
5,120,730

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

328,767,043
52,016,941

333,626,731
49,550,458

34,904,482

34,151,849

422,747,900

380,783,984

383,177,189

(13,754)

1,497,261

Court Awards

5,010,751

2,869,592

(501,873)

10,680,516

5,977,267

Planning and Development

82,132,700

88,906,027

81,223,633

572,211

667,379

Capital Construction

8,368,140

6,934,420

7,516,578

2,589,062
3,723,919

3,002,466
331,114

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

26,824,851
7,885,609

26,735,411
6,780,721

6,312,981

3,333,580

Total Sports Facilities

39,022,412

34,710,460

33,516,132

12,711,784
592,272
40,301

11,443,532
623,098
500,477

Highway User Revenue:
Highway User Revenue
Interest
Other

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

144,750,798
6,527,885
824,972

140,536,200
5,978,313
806,024

13,344,357

12,567,107

165,420,836

152,103,655

147,320,537

-

-

Total Transit 2000 & 2050

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,441,993

6,191,333

Regional Transit Revenues

85,226,104

62,655,376

65,286,563

696,307

648,502

Community Reinvestment

11,092,101

6,515,496

5,834,095

2,073,753

5,977,409

Other Restricted Fees

54,049,463

57,315,044

33,208,349

1,809,146
15,449,251
1,955,069

284,931
15,125,333
1,382,611

Grants:
Public Housing:
Rentals
Grants
Other

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

5,910,285
155,490,269
22,180,110

4,345,016
137,930,066
24,733,780

19,213,466

16,792,875

326,904,208

183,580,664

167,008,862

1,251,988
127,180
3,021,599

3,503,886
2,243,233
2,532,374
13,958,350

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

56,589,556
21,273,017
12,996,263
95,151,395

56,177,416
(12,065,064)
18,096,842
83,893,947

4,400,767

22,237,843

Total Other

588,560,844

186,010,231

146,103,141

23,614,233

39,030,718

Total Grants

915,465,052

369,590,895

313,112,003

15,935,461
-

31,936,145
-

138,548,664
3,552,237

107,055,152
23,003

118,839,126
2,190,119

15,935,461

31,936,145

Total G.O. Bond/Secondary Property Tax

142,100,901

107,078,155

121,029,245

134,534,348

163,187,297

Total Special Revenue and Debt Service Funds

2,204,557,618

1,511,795,508

1,431,177,596

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

G.O. Bond/Secondary Property Tax
Secondary Property Tax
Interest

24

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

Budget
Estimate
2024-2025

Source

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

Enterprise Funds
AVIATION:
$

13,360,248 $
38,870,158
2,746,902
8,112,654
393,474
366,842
646,360

11,857,775
40,225,890
2,420,504
41,042
354,241
357,006
634,594

64,496,638

55,891,052

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

$

140,568,953
402,259,146
35,739,588
6,606,574
3,816,319
4,348,621
7,058,570

$

125,816,717
372,687,207
28,747,837
12,183,775
3,545,884
4,001,401
6,385,366

595,697,397

600,397,771

553,368,187

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

75,967,083
29,504,071
7,130,908

78,653,253
29,536,274
5,346,557

131,090,300

112,602,062

113,536,084

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

546,268,089
2,162,451
7,398,527
9,552,669
3,479,670
12,782,916
26,249,553

469,415,042
2,456,563
7,635,481
9,721,970
5,449,676
12,141,260
43,749,626

715,024,563

607,893,875

550,569,618

CONVENTION CENTER:
6,776,597
4,101,736
718,854

7,192,089
2,994,621
623,056

11,597,187

10,809,766

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

54,266,684
213,809
437,245
1,191,094
439,140
1,069,680
1,952,454

47,245,653
247,504
556,289
2,168,448
231,600
1,085,583
317,422

59,570,106

51,852,499

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

23,158,452
2,065,476
407,700
1,243,326
1,814,787

21,233,617
1,911,859
212,280
1,185,239
2,350,622

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

240,726,386
22,734,229
3,345,360
13,717,716
23,611,037

211,189,626
21,097,090
5,188,500
11,813,875
23,917,798

28,689,741

26,893,617

Total Wastewater

310,693,562

304,134,728

273,206,889

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

173,914,000
14,157,899
2,031,954
11,356,729

168,921,344
14,127,715
1,759,698
10,406,040

208,590,677

201,460,582

195,214,797

1,961,096,499

1,826,489,018

1,685,895,575

SOLID WASTE:

$

16,072,178
1,589,439
218,290
899,960

15,620,184
1,770,138
162,774
1,043,741

18,779,867

18,596,837

183,133,539

164,043,771

485,647,243

$

511,811,760

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

$

25

6,009,262,690

$

5,012,404,834

$

4,862,849,919

Citywide Operating Expenditures by Program
For the Month Ended
MAY 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
$

242,506 $
570,412
(1,095,938)
6,925,291
99,354
406,598
375,424
2,714,800
175,341
282,530
1,985,206
305,394
10,555
(341,590)
5,010,256
87,139

199,821
418,323
1,156,275
8,635,108
102,242
417,830
290,535
2,671,649
257,546
341,158
1,770,190
227,248
12,876
(296,874)
2,405,218
576,451

17,753,277

19,185,597

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

$

2,320,687
5,228,623
13,992,483
97,578,746
1,650,286
4,897,100
3,678,596
30,418,451
3,328,070
5,191,125
27,131,875
117,984
88,449
3,911,745
53,553,283
2,793,535

$

2,199,854
5,169,472
10,578,692
87,127,305
1,564,320
4,255,610
3,289,844
29,306,793
3,182,973
7,286,594
27,716,506
(114,823)
100,829
3,805,135
39,863,439
4,033,374

$

2,320,687
5,228,623
13,992,483
87,934,943
1,650,286
4,897,100
3,678,596
30,418,451
3,328,070
5,191,125
26,965,094
117,984
88,449
3,911,745
37,900,028
2,793,535

$

9,643,803
166,781
15,653,255
-

308,599,393

255,881,038

229,365,916

230,417,199

25,463,839

49,458,140
6,901,638

43,127,311
5,888,734

41,155,398
5,578,075

37,216,074
5,888,734

5,911,237
-

56,359,778

49,016,045

46,733,473

43,104,808

5,911,237

982,286,006
563,236,236
-

890,477,199
509,101,547
-

861,994,774
496,769,450
-

887,868,468
505,570,348
-

2,608,731
3,531,199
-

1,545,522,242

1,399,578,746

1,358,764,224

1,393,438,816

6,139,930

Criminal Justice
3,677,099
581,551

3,655,795
584,294

4,258,650

4,240,090

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

74,751,819
39,380,646
-

74,452,590
39,479,922
-

114,132,466

113,932,512

Police
Fire
Other
Total Public Safety
Transportation

8,310,424
805,298
40,084,091
2,909,285

7,720,941
893,070
33,896,685
3,704,023

Street Transportation
Street Lighting
Aviation
Public Transit

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

104,351,873
11,102,481
416,460,054
323,575,852

102,599,830
10,835,467
377,618,164
316,663,678

94,314,127
11,102,481
327,017,768
323,575,852

10,037,746
89,442,287
-

52,109,098

46,214,719

Total Transportation

996,750,019

855,490,260

807,717,140

756,010,227

99,480,033

Community Development
6,885,885
14,453,125
999,047
3,975,989

7,852,126
13,587,327
1,200,891
2,839,203

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

85,990,902
158,521,605
22,608,828
34,363,159

82,429,442
146,352,196
27,055,985
38,994,327

85,990,902
158,521,605
20,133,634
34,363,159

2,475,194
-

26,314,046

25,479,548

Total Community Development

450,870,387

301,484,493

294,831,950

299,009,299

2,475,194

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

134,151,611
47,693,525
84,536,592
12,429,852
131,663,560
7,102,113
8,787,295

132,454,035
45,832,795
70,095,573
11,695,622
159,722,688
5,623,695
5,824,987

133,789,366
47,693,525
62,820,436
131,596,970
7,102,113
8,787,295

362,245
21,716,156
12,429,852
66,590
-

506,330,641

426,364,546

431,249,396

391,789,704

34,574,843

Community Enrichment
11,943,595
3,526,218
5,765,254
1,130,903
9,809,275
176,527
541,773

12,376,785
3,682,465
7,041,557
1,063,173
11,902,463
141,814
526,316

32,893,545

36,734,574

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
MAY 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
$

42,188,540 $
15,137,876
17,460,750
4,341,929
302,880
(274,728)

30,099,502
20,371,958
15,320,776
2,659,771
495,705
125,814

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

79,157,247

69,073,526

Total Environmental Services

$

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

$

420,747,237
192,184,097
168,105,805
39,989,515
4,346,174
878,207

$

414,894,163
206,527,583
165,252,685
36,856,655
3,709,925
894,412

$

288,182,134
135,720,562
158,941,660
28,930,837
4,346,174
878,207

$

132,565,103
56,463,535
9,164,146
11,058,678
-

1,096,874,014

826,251,035

828,135,424

616,999,574

209,251,461

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

5,998,742
26,689,129
4,905,370
482,766
7,889,271
612,265
2,858,162
719,798
15,029,814
5,660,455
433,285
24,291,933
12,745,504
1,544,538
996,812
141,879
150,000
8,136,700
11,625,174
29,150
294,643

11,614,477
21,226,212
92,125
13,593,886
574,131
2,777,191
512,188
11,817,873
6,204,001
345,973
15,752,908
11,526,003
996,812
92
550,000
16,297,049
10,461,258
30,250
294,643

5,998,742
26,689,129
4,905,370
482,766
7,889,271
612,265
2,858,162
719,798
15,029,814
5,660,455
433,285
24,291,933
12,745,504
1,544,538
996,812
141,879
150,000
8,136,700
11,625,174
29,150
294,643

-

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
15,079
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
80
50,000
1,481,550
951,024
2,750
26,786

11,571,507

11,333,442

Total Debt Service

144,556,294

131,235,390

124,667,074

131,235,390

-

62,268,677

90,773,748

Capital Improvement

1,893,027,103

712,343,650

607,406,989

712,343,650

-

-

-

Non-Departmental Grants

28,580,178

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

400,458,512 $

416,967,754

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

4,957,645,203

$

4,728,871,585

$

4,574,348,666

$

383,296,537

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

52 $
30,339,667
34,918,047
45,740,583
5,538,424
31,805,850
22,602,619
14,987,096
3,299,759
94,792
87,395,610
80,101,602
33,344,681
7,005,220
94,552,691
1,563,503
205,911,313

10,417,584
5,476
15,280,918
6,130,814
27,827,590
26,074,495
8,753,957
14,427,998
828,307
737,590
81,903,427
73,815,284
8,357,398
4,468,598
82,251,706
113,132,631

$

$
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

4,403,832
15,242,701
4,363,476
4,871,764
28,334,357
21,682,116
8,789,858
3,182,553
94,792
4,673,278
64,620,801
3,031,092
94,552,691
1,563,503
145,035,846

$

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

52
25,935,836
19,675,346
41,377,107
666,659
3,471,493
920,503
6,197,237
117,206
82,722,332
15,480,800
33,344,681
3,974,128
60,875,468

$

2,620,832
(13,331,506)
250,000
54,856,916
36,079,042
3,732,309
142,141,993
(7,803,726)
43,506,201
4,187,505
6,676,944
148,549,592
77,440,189
6,888,543
20,415,141
394,408,378
6,714,320
403,446,934

$

2,029,981,116 $

699,203,418 $

475,444,668

$

1,183,656,190 $

404,442,661

$

846,324,926 $

294,760,757

$

1,330,777,698

$

$

1,168,847,275
68,470,134
34,708,075
650,344,059
622,298,900
2,544,668,443

$

385,093,631
48,245,590
26,353,588
454,197,767
141,194,968
$ 1,055,085,544

$

4,574,649,559

$ 1,754,288,962

$

$

646,349,912
25,452,024
14,087,705
203,129,577
221,178,532
1,110,197,750

$

359,109,471
13,110,134
24,444,137
93,497,579
219,209,592
709,370,913

$ 122,545,731
4,741,192
4,292,676
73,994,678
102,326,712
$ 307,900,989

$

1,585,642,418

$ 1,893,027,103

$ 712,343,650

28

$

$

$

809,737,804
55,360,000
10,263,938
556,846,480
403,089,308
1,835,297,530

$

$

262,547,899
43,504,398
22,060,912
380,203,089
38,868,255
747,184,555

$

$

783,753,644
20,224,544
8,354,487
196,146,291
481,103,933
1,489,582,899

$

2,681,622,456

$ 1,041,945,312

$

2,820,360,597

Bonds Authorized and Sold
As of MAY 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