June 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

June 30, 2025
To the Mayor and City Council:
This is the City's Financial Report for June, the twelfth 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

September 25, 2025

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) June 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
June 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
Better than Expected

Criminal Justice

1

Public Safety

2

Expected

Transportation

2

Better than Expected
Better than Expected

Community Development

2

Community Enrichment

3

Better than Expected

Environmental Services

3

Better than Expected

Citywide Expenditures
Citywide Total Operating Expenditures

4

Better than Expected

General Government

4

Better than Expected

Criminal Justice

4

Better than Expected

Public Safety

5

Better than Expected

Transportation

5

Better than Expected

Community Development

5

Better than Expected

Community Enrichment

6

Better than Expected

Environmental Services

6

Better than Expected

General Obligation Debt Service

6

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

Page

Performance Status

General Fund Total Operating Revenue

10

Expected

Property Tax

11

Expected

Local Sales Tax

12

Monitor and Consider Taking Action

State Sales Tax

13

Monitor and Consider Taking Action

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

Revenues by Source

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

June YTD
Expenditures
1,371,152
1,470,251
1,623,808
1,844,878
1,936,514

Total General Fund

Annual
Expenditures *
1,371,152
1,470,251
1,623,808
1,844,878
1,983,304

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
97.6%

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

$2,500,000
June 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 June are 5.0% 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

June YTD
Expenditures
154,211
161,907
190,945
224,802
248,524

General Government
Annual
% of Annual
Expenditures * Expenditures
100.0%
154,211
100.0%
161,907
100.0%
190,945
100.0%
224,802
97.6%
254,679

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

$300,000
$250,000

June 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 13.3% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25
actual general fund expenditures through June are 10.6% 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

June YTD
Expenditures

Annual
Expenditures *

36,162
40,008
42,361
43,661
45,565

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

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
96.2%

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

$50,000
June 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 June are 4.4% higher than the same period in fiscal year 2023-24.
General fund criminal justice expenditures increased 3.1% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 5.9% from 2022-23 over 2021-22 and an
increase of 10.6% from 2021-22 over 2020-21 fiscal results.

1

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Public Safety
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Public Safety
June YTD
Expenditures

Annual
Expenditures *

925,920
992,648
1,082,562
1,230,311
1,264,947

925,920
992,648
1,082,562
1,230,311
1,258,049

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
100.5%

$1,500,000
June YTD
Expenditures

$1,200,000
$900,000
$600,000

Annual
Expenditures *

$300,000

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

$0
20-21

Expected

21-22

22-23

23-24

24-25

Public Safety expenditures include costs for police and fire services. The anticipated increases are due to higher personal service expenditures for public safety employees in both the
Police and Fire Departments, which includes City pension contributions. Fiscal year 2024-25 budgeted general fund public safety expenditures are 2.3% higher than the fiscal year
2023-24 actuals. Fiscal year 2024-25 actual general fund public safety expenditures through June 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

June YTD
Expenditures

Annual
Expenditures *

22,144
23,166
24,827
25,006
24,687

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

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
97.8%

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

$30,000
June YTD
Expenditures
$25,000
Annual
Expenditures *
$20,000
20-21

Better than Expected

21-22

22-23

23-24

24-25

Transportation expenditures include costs for public transit and street maintenance and repair. Prior to fiscal year 2018-19 Street Transportation Department charged expenses to the
general fund and subsequently transferred some of those expenses to the Arizona Highway User Revenue fund (AHUR). Beginning in fiscal year 2018-19 Street Transportation is
charging most expenses to AHUR while transferring a portion of those to the general fund. Fiscal year 2024-25 budgeted general fund transportation expenditures are 1.0% higher
than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund transportation expenditures through June are 1.3% lower 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

Community Development

June YTD
Expenditures

Annual
Expenditures *

24,114
28,225
32,420
37,484
38,991

24,114
28,225
32,420
37,484
41,362

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
94.3%

$50,000
June 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 June are 4.0% 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
100.0%
100.0%
100.0%
100.0%
97.2%

$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

June YTD
Expenditures

Annual
Expenditures *

158,589
173,631
190,780
220,465
230,064

158,589
173,631
190,780
220,465
236,705

June 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 June are 4.4%
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

Environmental Services

June YTD
Expenditures

Annual
Expenditures *

20,905
26,508
28,329
29,088
33,461

20,905
26,508
28,329
29,088
38,051

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
87.9%

$40,000
June 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 June are 15.0% 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

June YTD
Expenditures
4,163,122
4,488,949
4,737,610
5,258,576
5,517,926

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

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
78.5%

* 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
June 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 June are 4.9% higher than the same period in the prior fiscal year.

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

June YTD
Expenditures
207,451
238,925
246,244
264,112
291,573

General Government
Annual
Expenditures *
207,451
238,925
246,244
264,112
310,019

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
94.1%

$400,000
June 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 17.4% over fiscal year 2023-24 actuals in total operating
expenditures. Actual expenditures through June are 10.4% 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

June YTD
Expenditures
44,147
47,054
49,422
51,475
53,537

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

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
95.0%

$80,000
June 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 June are 4.0% higher than the same period in the prior fiscal
year.

4

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

Public Safety
% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
98.9%

$2,000,000

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

$0

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

June YTD
Expenditures
1,122,901
1,228,901
1,354,421
1,487,934
1,540,015

Annual
Expenditures *
1,122,901
1,228,901
1,354,421
1,487,934
1,556,432

June YTD
Expenditures

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

Annual
Expenditures *

$400,000
20-21

21-22

22-23

23-24

24-25

Better than Expected
Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety budget for fiscal year 2024-25 anticipates an increase of 4.6%
over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through June are 3.5% higher than the same period in the prior fiscal year.

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

Transportation

June YTD
Expenditures
786,597
797,084
792,941
853,535
916,686

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

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
92.0%

$1,000,000
$800,000

June 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 June are 7.4% 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

June YTD
Expenditures
245,310
227,960
270,479
327,281
332,866

Community Development
Annual
Expenditures *
245,310
227,960
270,479
327,281
453,670

% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
73.4%

$500,000
June 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 38.6% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through June are 1.7% 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

Community Enrichment
% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
93.6%

$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

June YTD
Expenditures
390,805
420,501
450,218
474,707
475,390

Annual
Expenditures *
390,805
420,501
450,218
474,707
507,701

June 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 7.0% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through June are 0.1%
higher than the same period in the prior fiscal year.

Environmental Services
% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
81.8%

$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

June YTD
Expenditures
734,733
752,386
830,101
897,028
891,531

Environmental Services
Annual
Expenditures *
734,733
752,386
830,101
897,028
1,090,374

June 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 21.6% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures
through June are 0.6% lower than the same period in the prior fiscal year.

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

June YTD
Expenditures
131,938
131,081
207,854
136,000
142,806

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

General Obligation Debt Service
% of Annual
Expenditures
100.0%
100.0%
100.0%
100.0%
98.8%

$240,000
June 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 June 2024 are 5.0% 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

$ 2,006,381

$

828,130

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

$

399,599

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
22-23
21-22
20-21
$0

$500

$1,000

$1,500

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.

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

53,287

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)

$

$

48,308

27,634

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

$60

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)

$

$

650,307

475,406

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)

$

$

622,336

209,053

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

June 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

June YTD
Revenues
1,491,537
1,508,526
1,695,886
1,905,441
1,845,963

21-22

22-23

23-24

24-25

Annual
% of Annual
Revenues* Revenues
1,491,537
100.0%
1,508,526
100.0%
1,695,886
100.0%
1,905,441
100.0%
1,843,609
100.1%

* 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 June are 3.1% 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

126,148

119,973

115,069

138,549

137,459

131,014

280,000

Secondary

200,000

Primary

160,000
120,000
80,000

192,215

201,050

206,393

213,583

215,419

182,043

20-21

21-22

22-23

23-24

24-25 YTD

24-25 Budget

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
351,042
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

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

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

May
76,862
71,096
77,294
81,036
42,106
83,139

June
22,611
32,524
31,045
31,949
75,634
34,614

Primary Secondary
182,043
115,069
192,215
119,973
201,050
126,148
206,393
131,014
213,583
137,459
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

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

June
67,088
61,286
56,272
69,733
64,286
70,618

YTD thru
June
559,462
659,161
696,962
726,883
725,114
733,579

Year to Date Performance Status
Monitor and Consider Taking Action
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 June are 1.2% lower
than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through June fiscal year 2024-25 Local Sales Tax revenues decreased 0.2% 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

June
12,848
17,415
16,105
8,815
7,376
15,540

YTD thru
June
201,292
229,901
241,813
249,504
253,978
259,787

Year to Date Performance Status
Monitor and Consider Taking Action
State Sales Tax for fiscal year 2024-25 are budgeted to increase 4.1% over fiscal year 2023-24 actual results. Year-to-date State Sales Tax through June are 2.2% lower than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget.
Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through June 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

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

June
4,365
4,515
4,590
4,595
3,950
4,820

YTD thru
June
79,768
78,695
80,593
83,823
87,754
86,146

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 June are 1.9%
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 June fiscal year 2024-25 Vehicle License Tax revenues increased 4.7% 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

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

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

Feb

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

Mar

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

Apr

May

June

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

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

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

June
362,173
540,197
497,001
406,208
374,745
584,448

YTD thru
June
2,921,146
3,158,172
3,354,651
3,583,163
3,560,659
4,048,167

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 June are 12.0% 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 June fiscal year 2024-25 Governmental Funds revenues decreased 0.6% compared to the same period in prior year. For the fiscal year 2023-24 Governmental Funds for the full
year increased 6.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 6.2% over 2021-22 full year results.

15

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

Aviation Operating Revenues
Budget vs Actual
160,000

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

80,000

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

40,000

July

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

Aug

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

Sept

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

Oct

Nov

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

June
91,844
155,860
112,245
54,137
57,971
114,936

YTD thru
June
391,196
573,640
573,801
607,505
658,369
595,699

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 June are 10.5% 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 June fiscal year 2024-25 Aviation Operating revenues increased 8.4% compared to the same period in prior year. For the fiscal year 2023-24 Aviation
Operating revenues for the full year increased 5.9% over fiscal year 2022-23. Fiscal year 2022-23 increased 0.0% over 2021-22 full year results.

16

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

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

60,000

21-22 Actuals

50,000

22-23 Actuals

40,000

23-24 Actuals

30,000

24-25 Actuals
24-25 Budget

20,000
10,000
July

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

Aug

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

Sept

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

Oct

Nov

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

June
43,174
51,821
52,443
65,187
68,721
72,479

YTD thru
June
492,162
492,275
497,414
615,757
676,615
715,025

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 June 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 June fiscal year 2024-25 Water Operating revenues increased 9.9% 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
21-22 Actuals

20,000

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

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

June
17,424
17,973
28,591
34,569
34,982
27,726

YTD thru
June
254,744
266,858
275,038
307,776
339,117
310,693

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 June
are 9.1% 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 June fiscal year 2024-25 Wastewater Operating revenues increased 10.2% compared to the same period in prior year. For the fiscal year 2023-24 Wastewater Operating
revenues for the full year increased 11.9% over fiscal year 2022-23. Fiscal year 2022-23 increased 3.1% over 2021-22 full year results.

18

General Funds
Summary
Presents comparisons of year-to-date balances to
the fiscal year budget and to the actual results for the
prior year for the general fund.

General Fund Revenue
As of JUNE 30
(dollars in thousands)
Budget
Estimate
2024-2025

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

Revenues
Local Taxes
Sales Taxes
Privilege License Fees
State Shared Taxes
State Sales Tax
State Income Tax
Vehicle License Tax
Primary Property Tax
Licenses and Permits
Cable Communications
Municipal Court
Fines and Forfeitures
Court Default Fee
Police
Library
Parks and Recreation
Engineering & Architectural Services
Planning & Development
Street Transportation
Fire
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other
Interest
Other Fees and Service Charges

Total Revenues

$

$

733,578
3,503

725,114 $
3,463

726,883
3,468

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

253,978
351,016
87,754
213,583
2,823
6,296

249,504
435,754
83,823
206,393
2,882
7,058

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

8,920
1,027
18,199
417
10,090
1,811
6,127

8,799
892
17,278
432
8,453
1,864
12,362

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

76,411
1,431
21,422
35,403
20,682

62,214
1,527
17,896
33,552
24,404

1,843,609

19

$

$

1,845,963

$

1,905,441

General Fund Expenditures
As of JUNE 30
(dollars in thousands)
Budget
Estimate
2024-2025

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

Expenditures and Encumbrances
General Government
Mayor
City Council
City Manager
Information Technology Services
Public Information
Equal Opportunity
Law
City Auditor
City Clerk
Human Resources
Budget and Research
Finance
Others
Total General Government

$

2,744
7,029
11,993
104,600
5,478
3,687
34,423
3,892
9,019
30,440
4,587
34,834
1,954
254,679

$

2,639 $
6,784
10,241
103,015
5,211
3,583
33,112
3,627
5,379
29,674
4,729
38,442
2,088
248,524

2,530
6,465
10,649
87,010
4,608
3,310
32,905
3,630
7,828
28,110
4,704
31,001
2,053
224,802

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

38,759
6,806
45,565

37,170
6,491
43,661

Public Safety
Police
Fire
Total Public Safety

778,115
479,934
1,258,049

786,127
478,821
1,264,947

752,907
477,403
1,230,311

Transportation
Street Transportation
Total Transportation

25,252
25,252

24,687
24,687

25,006
25,006

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

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

9,816
20,435
6,796
1,943
38,991

8,746
20,026
6,780
1,932
37,484

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

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

129,926
50,583
37,528
12,027
230,064

125,227
49,893
36,362
8,982
220,465

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

31,202
1,664
595
33,461

26,824
1,579
686
29,088

Capital Improvement

81,824

50,274

34,061

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

Total Expenditures and Encumbrances

$
20

2,132,179

$

1,936,514 $ 1,844,878

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 JUNE 30
(dollars in thousands)

Source
General Funds
Local Taxes:
Sales Taxes
Privilege License Fees
State Shared Taxes:
State Sales Tax
State Income Tax
Vehicle License Tax
Primary Property Tax
Licenses and Permits
Cable Communications
Municipal Court
Police
Library Fees
Parks and Recreation
Planning & Development
Street Transportation
Fire
Interest
Other Fees and Service Charges

Budget
Estimate
2024-2025
$

733,578
3,503

Total General Funds
Special Revenue and Debt Service Funds
Neighborhood Protection
Public Safety Enhancement & Expansion
Parks and Preserves
Golf Courses
Transit 2000 & 2050
Court Awards
Planning and Development
Capital Construction
Sports Facilities
Highway User Revenue
Regional Transit Revenues
Community Reinvestment
Other Restricted Fees
Grants
G.O. Bond/Secondary Property Tax
Total Special Revenue and
Debt Service Funds
Enterprise Funds
Aviation
Convention Center
Water
WaterSystem
Wastewater
Solid Waste
Total Enterprise Funds
Total Operating Revenues

$

725,114 $
3,463

726,883
3,468

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

253,978
351,016
87,754
213,583
2,823
6,296
9,947
18,199
417
10,090
1,811
6,127
99,264
35,403
20,682

249,504
435,754
83,823
206,393
2,882
7,058
9,691
17,278
432
8,453
1,864
12,362
81,638
33,552
24,404

1,843,609

1,845,965

1,905,441

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

54,650
143,101
59,060
13,786
417,742
3,413
83,105
7,543
38,238
169,114
68,904
8,356
80,073
430,130
137,482

55,898
142,142
60,648
13,250
430,082
1,981
82,131
8,475
37,059
164,415
74,312
7,059
55,149
410,614
134,507

2,204,558

1,714,697

1,677,722

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

658,369
125,501
676,615
339,117
216,762

607,505
127,987
615,757
307,776
211,935

1,961,096

2,016,364

1,870,960

6,009,263

21

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

$ 5,577,026 $ 5,454,122

Citywide Operating Expenditures
As of JUNE 30
(dollars in thousands)

Source
General Government
General Funds
Other Funds
Total General Government

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

Budget
2024-2025

248,524 $
43,049
291,573

224,802
39,310
264,112

47,381
8,979
56,360

45,565
7,972
53,537

43,661
7,814
51,475

Public Safety
General Funds
Other Funds
Total Public Safety

1,258,049
298,383
1,556,432

1,264,947
275,068
1,540,015

1,230,311
257,623
1,487,934

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

24,687
891,999
916,686

25,006
828,529
853,535

Community Development
General Funds
Other Funds
Total Community Development

41,362
412,308
453,670

38,991
293,875
332,866

37,484
289,797
327,281

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
270,996
507,701

230,064
245,326
475,390

220,465
254,242
474,707

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,051
1,052,323
1,090,374

33,461
858,070
891,531

29,088
867,940
897,028

144,556
144,556

142,806
142,806

136,000
136,000

81,824
1,801,203
1,883,027

50,274
823,248
873,522

34,061
732,442
766,503

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

-

-

2,132,178
5,111,667
7,243,845

1,936,513
3,581,413
5,517,926 $

$

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

Total Operating
General Funds
Other Funds
Total Operating Budget

$

254,679
55,340
310,019

22

$

$

1,844,878
3,413,697
5,258,576

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
JUNE 30
2025
2024

Budget
Estimate
2024-2025

Source

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

General Funds
$

64,286,413
392,133
64,678,546

$

69,733,794
340,464

Local Taxes:
Sales Taxes
Privilege License Fees

$

733,577,953
3,503,150

$

725,114,040
3,462,712

$

726,883,427
3,468,222

70,074,258

Total Local Taxes

737,081,103

728,576,752

730,351,649

7,375,900
29,251,332
3,950,671

8,815,377
36,312,872
4,595,405

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

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

253,978,247
351,015,984
87,754,461

249,504,423
435,754,464
83,823,436

40,577,903

49,723,654

699,105,000

692,748,692

769,082,323

45,229,281

19,773,772

Primary Property Tax

215,419,000

213,582,637

206,392,937

275,867

219,837

Licenses and Permits

3,064,000

2,823,237

2,882,470

3,080,738

1,800,000

Cable Communications

6,580,000

6,295,568

7,057,876

805,986
92,719

773,192
74,384

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

8,919,511
1,027,226

8,799,323
891,693

898,705

847,576

1,785,835

520,936

Police

136,821

23,889

Library Fees

452,312

416,713

431,709

867,966

617,242

Parks and Recreation

6,623,940

10,090,345

8,452,872

Total State Shared Taxes

Total Municipal Court

9,117,450

9,946,737

9,691,016

15,105,423

18,198,918

17,277,930

165,162

124,016

Planning and Development

2,141,580

1,810,855

1,864,190

(4,008,287)

324,217

Street Transportation

8,013,181

6,126,531

12,362,161

10,427,808
159,758
1,863,554

3,920,571
304,329
5,296,663

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

76,410,826
1,431,135
21,421,845

62,214,043
1,527,183
17,896,314

12,451,120

9,521,563

96,162,491

99,263,806

81,637,540

3,093,216

3,399,970

Interest

21,589,000

35,402,704

33,551,861

2,611,902

2,693,031

Other Fees and Service Charges

171,844,775

159,663,961

Total Fire

Total General Funds

23,154,093

20,681,588

24,404,175

1,843,608,573

1,845,965,083

1,905,440,709

Special Revenue and Debt Service Funds
3,774,245
269,375
1,347,873
93,935

4,364,522
312,180
1,559,900
188,516

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

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

37,390,708
2,670,551
13,353,753
1,234,941

38,505,769
2,750,841
13,753,203
888,278

5,485,428

6,425,118

Total Neighborhood Protection

56,849,809

54,649,953

55,898,091

11,849,788
4,132,745
71,568

12,977,403
4,333,349
71,965

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

107,299,553
34,749,591
1,052,085

107,392,765
33,880,900
868,096

16,054,101

17,382,717

146,108,070

143,101,229

142,141,761

5,786,514

6,748,337

58,684,199

59,059,786

60,648,224

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
JUNE 30
2025
2024
$

611,170
247,446
35,058
44,390

$

562,019
285,080
29,465
50,231

Budget
Estimate
2024-2025

Source
Golf Courses:
Fees
Concessions
Interest
Other

$

8,031,872
3,521,024
140,000
586,284

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

8,708,789
4,021,864
347,893
706,997

$

8,558,889
3,829,829
242,472
618,846

938,064

926,795

Total Golf Courses

12,279,180

13,785,543

13,250,036

36,727,344
230,702

42,552,668
4,352,141

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

365,494,387
52,247,643

376,179,399
53,902,599

36,958,046

46,904,809

422,747,900

417,742,030

430,081,998

543,782

2,482,801

Court Awards

5,010,751

3,413,374

1,980,928

(5,801,103)

907,674

Planning and Development

82,132,700

83,104,924

82,131,307

608,252

958,173

Capital Construction

8,368,140

7,542,672

8,474,751

3,145,093
382,914

3,196,705
346,105

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

29,969,944
8,268,523

29,932,116
7,126,826

3,528,007

3,542,810

Total Sports Facilities

39,022,412

38,238,467

37,058,942

15,887,400
606,355
516,327

16,820,351
632,976
(358,935)

Highway User Revenue:
Highway User Revenue
Interest
Other

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

160,638,198
7,134,240
1,341,299

157,356,551
6,611,289
447,089

17,010,082

17,094,392

165,420,836

169,113,737

164,414,929

6,249,026

9,025,253

Regional Transit Revenues

85,226,104

68,904,402

74,311,816

1,840,141

1,224,991

Community Reinvestment

11,092,101

8,355,637

7,059,086

22,757,934

21,940,233

Other Restricted Fees

54,049,463

80,072,978

55,148,582

1,417,253
19,328,126
(9,953,746)

309,331
4,392,660
973,053

Grants:
Public Housing:
Rentals
Grants
Other

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

7,327,538
174,818,395
12,226,364

4,654,347
142,322,726
25,706,833

10,791,633

5,675,044

326,904,208

194,372,297

172,683,906

12,944,568
19,056,853
3,266,001
14,479,686

18,482,845
57,738,721
5,267,083
10,338,124

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

69,534,124
40,329,870
16,262,264
109,631,081

74,660,261
45,673,657
23,363,925
94,232,071

49,747,108

91,826,773

Total Other

588,560,844

235,757,339

237,929,914

60,538,741

97,501,817

Total Grants

915,465,052

430,129,636

410,613,820

30,403,765
181

12,174,975
1,303,122

138,548,664
3,552,237

137,458,917
23,184

131,014,101
3,493,241

30,403,946

13,478,097

Total G.O. Bond/Secondary Property Tax

142,100,901

137,482,101

134,507,342

202,900,961

246,544,017

Total Special Revenue and Debt Service Funds

2,204,557,618

1,714,696,469

1,677,721,613

Total Transit 2000 & 2050

Total Highway User Revenue

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
JUNE 30
2025
2024

Budget
Estimate
2024-2025

Source

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

Enterprise Funds
AVIATION:
$

13,375,665 $
40,084,163
2,535,472
572,963
347,905
403,477
652,029

12,497,829
36,293,157
3,269,147
591,364
464,976
369,905
650,462

57,971,674

54,136,840

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

$

153,944,618
442,343,309
38,275,060
7,179,537
4,164,224
4,752,098
7,710,599

$

138,314,546
408,980,364
32,016,984
12,775,139
4,010,860
4,371,306
7,035,828

595,697,397

658,369,445

607,505,027

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

85,051,629
32,627,048
7,822,212

89,191,525
32,828,083
5,967,649

131,090,300

125,500,889

127,987,257

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

613,464,861
2,385,987
3,916,956
13,808,095
3,715,350
13,933,103
25,390,874

528,884,037
2,721,044
5,647,394
10,912,479
5,815,999
19,149,536
42,626,053

715,024,563

676,615,226

615,756,542

CONVENTION CENTER:
9,084,546
3,122,977
691,304

10,538,272
3,291,809
621,092

12,898,827

14,451,173

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

67,196,772
223,536
(3,481,571)
4,255,426
235,680
1,150,187
(858,679)

59,468,995
264,481
(1,988,087)
1,190,509
366,323
7,008,276
(1,123,573)

68,721,351

65,186,924

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

24,461,653
4,222,591
219,180
1,293,246
4,785,335

22,664,086
1,685,637
357,000
7,526,993
2,335,541

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

265,188,039
26,956,820
3,564,540
15,010,962
28,396,372

233,853,712
22,782,727
5,545,500
19,340,868
26,253,339

34,982,005

34,569,257

Total Wastewater

310,693,562

339,116,733

307,776,146

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

190,166,310
16,134,118
2,256,448
8,204,649

184,723,828
16,284,020
1,931,069
8,995,864

208,590,677

216,761,525

211,934,781

1,961,096,499

2,016,363,818

1,870,959,753

SOLID WASTE:

$

16,252,310
1,976,219
224,494
(3,152,080)

15,802,484
2,156,305
171,371
(1,410,176)

15,300,943

16,719,984

189,874,800

185,064,178

564,620,536

$

591,272,156

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

$

25

6,009,262,690

$

5,577,025,370

$

5,454,122,075

Citywide Operating Expenditures by Program
For the Month Ended
JUNE 30
2025
2024

Program

Budget
Estimate
2024-2025

2024-2025 Year-to-Date
Operating Expenditures & Encumbrances
Capital
and Debt
Operations

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

General Government
$

318,090 $
1,555,713
1,773,866
16,870,670
157,698
318,279
578,487
4,259,474
299,112
188,025
2,724,320
697,403
27,753
817,049
4,023,337
1,082,567

330,081
1,295,671
1,949,407
13,300,909
168,351
385,907
516,124
4,789,571
447,043
541,113
2,506,333
851,448
27,955
898,422
4,915,221
1,822,983

35,691,842

34,746,539

$
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
5,501,029
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
4,944,784

$

2,638,777
6,784,336
15,766,349
114,449,415
1,807,984
5,215,379
4,257,084
34,677,924
3,627,182
5,379,149
29,856,195
815,386
116,202
4,728,794
57,576,620
3,876,102

$

2,529,934
6,465,143
12,528,099
100,428,214
1,732,671
4,641,517
3,805,967
34,096,363
3,630,016
7,827,707
30,222,839
736,625
128,784
4,703,557
44,778,661
5,856,357

$

2,638,777
6,784,336
15,766,349
103,891,184
1,807,984
5,215,379
4,257,084
34,677,924
3,627,182
5,379,149
29,674,253
815,386
116,202
4,728,794
40,488,726
3,876,102

$

10,558,231
181,943
17,087,894
-

310,019,393

291,572,880

264,112,455

263,744,812

27,828,068

49,458,140
6,901,638

46,731,387
6,806,073

44,983,708
6,490,898

40,282,862
6,806,073

6,448,524
-

56,359,778

53,537,460

51,474,606

47,088,935

6,448,524

993,196,006
563,236,236

976,765,126
563,249,608

942,516,015
545,418,258

973,908,463
559,387,767

2,856,663
3,861,841

1,556,432,242

1,540,014,734

1,487,934,272

1,533,296,229

6,718,505

Criminal Justice
3,604,076
917,339

3,828,310
912,823

4,521,415

4,741,133

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

86,287,927
54,148,061

80,521,241
48,648,807

140,435,988

129,170,048

Police
Fire

Total Public Safety
Transportation

8,924,976
854,977
46,907,977
4,507,650

11,375,077
1,044,027
40,255,941
(6,856,825)

Street Transportation
Street Lighting
Aviation
Public Transit

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

113,276,848
11,957,458
463,368,032
328,083,502

113,974,907
11,879,494
417,874,105
309,806,854

100,855,492
11,957,458
366,793,301
328,083,502

12,421,356
96,574,731
-

61,195,580

45,818,221

Total Transportation

996,750,019

916,685,840

853,535,360

807,689,753

108,996,087

Community Development
7,853,306
17,801,489
1,615,440
4,111,631

8,742,740
18,821,555
1,124,299
3,760,833

Planning and Development
Housing
Economic Development
Neighborhood Services Department

101,520,092
259,603,855
24,211,710
68,334,730

93,844,208
176,323,094
24,224,268
38,474,790

91,172,183
165,173,751
28,180,284
42,755,160

93,844,208
176,323,094
21,524,122
38,474,790

2,700,146
-

31,381,867

32,449,428

Total Community Development

453,670,387

332,866,361

327,281,377

330,166,214

2,700,146

158,300,139
52,775,746
96,801,677
13,559,675
167,851,864
8,368,135
10,043,405

151,021,893
52,591,948
90,295,468
13,559,675
150,656,731
7,473,444
9,790,601

146,657,337
51,499,319
74,374,939
12,759,875
176,570,783
5,789,167
7,055,125

150,626,717
52,591,948
66,605,533
150,584,088
7,473,444
9,790,601

395,176
23,689,935
13,559,675
72,644
-

507,700,641

475,389,761

474,706,546

437,672,331

37,717,430

Community Enrichment
16,870,282
4,898,423
5,758,877
1,129,823
18,993,171
371,332
1,003,307

14,203,302
5,666,525
4,279,366
1,064,253
16,848,094
165,472
1,230,138

49,025,215

43,457,150

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
JUNE 30
2025
2024

Budget
Estimate
2024-2025

Program

2024-2025 Year-to-Date
Operating Expenditures & Encumbrances
Capital
and Debt
Operations

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

Environmental Services
$

32,234,052 $
13,130,389
15,708,875
3,520,243
584,463
102,331

34,512,992
18,831,153
14,072,542
904,749
436,155
135,362

65,280,354

68,892,953

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

$

Total Environmental Services

477,320,282
212,455,161
205,087,439
46,180,805
148,440,082
890,245

$

452,981,288
205,314,486
183,814,681
43,509,758
4,930,637
980,538

$

449,407,154
225,358,737
179,325,228
37,761,404
4,146,080
1,029,775

$

309,140,180
143,728,941
173,817,431
31,436,665
4,930,637
980,538

$

143,841,109
61,585,546
9,997,250
12,073,093
-

1,090,374,014

891,531,389

897,028,377

664,034,392

227,496,997

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

6,564,571
29,115,413
4,905,370
530,742
8,619,057
667,925
3,118,809
786,015
16,396,160
6,176,612
472,675
26,519,198
13,914,018
1,702,144
1,087,431
156,279
150,000
8,876,400
12,694,169
31,800
321,429

12,670,338
23,155,868
100,500
14,829,694
626,325
3,029,663
558,750
12,892,225
6,768,001
377,425
17,184,991
12,573,821
1,087,431
92
600,000
17,778,599
11,412,282
33,000
321,429

6,564,571
29,115,413
4,905,370
530,742
8,619,057
667,925
3,118,809
786,015
16,396,160
6,176,612
472,675
26,519,198
13,914,018
1,702,144
1,087,431
156,279
150,000
8,876,400
12,694,169
31,800
321,429

-

General Obligation Debt Service

$

565,829
2,426,284
47,976
729,786
55,660
260,646
66,217
1,366,347
516,158
39,390
2,227,264
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
46,562
1,074,352
564,000
31,452
1,432,083
1,047,818
90,619
50,000
1,481,550
951,023
2,750
26,786

11,570,827

11,333,362

Total Debt Service

144,556,294

142,806,217

136,000,436

142,806,217

-

161,177,865

159,095,931

Capital Improvement

1,883,027,103

873,521,515

766,502,920

873,521,515

-

-

-

Non-Departmental Grants

28,580,178

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

560,280,953 $

529,704,764

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

5,517,926,156

$

5,258,576,349

$

5,100,020,400

$

417,905,756

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 $
37,008,161
250,000
89,774,963
81,819,625
9,270,733
173,947,843
15,798,893
57,943,297
7,487,264
6,771,736
191,695,202
157,541,791
40,233,224
27,420,361
488,961,069
8,277,823
609,358,247

52 $
31,167,769
49,983,042
57,107,598
6,763,431
38,474,092
22,654,184
15,497,400
3,389,622
117,124
109,883,457
84,575,442
33,609,838
7,333,888
125,725,752
1,955,286
238,724,833

5,853,793
5,476
22,788,908
7,185,863
24,685,682
35,463,884
12,934,607
14,525,813
1,722,523
494,776
104,180,516
97,592,513
7,978,964
5,079,098
86,187,112
148,354,442

$

$
11,758,161
250,000
42,540,638
5,689,208
6,500,000
141,575,109
14,482,338
32,572,986
5,396,153
6,771,736
7,000,000
121,395,599
7,575,733
488,961,069
2,277,823
278,909,637

4,835,752
26,796,760
4,422,683
5,405,224
34,940,346
21,727,903
9,300,162
3,272,416
117,124
4,673,478
69,069,524
3,071,856
125,725,752
1,955,286
174,817,967

$

2,620,884 $
25,250,000
47,234,325
76,130,417
2,770,733
32,372,734
1,316,555
25,370,311
2,091,111
184,695,202
36,146,192
40,233,224
19,844,628
6,000,000
330,448,610

52
26,332,017
23,186,282
52,684,915
1,358,206
3,533,746
926,281
6,197,237
117,206
105,209,979
15,505,918
33,609,838
4,262,031
63,906,866

$

2,620,832
5,840,392
250,000
39,791,921
24,712,027
2,507,302
135,473,751
(6,855,291)
42,445,898
4,097,642
6,654,612
81,811,745
72,966,349
6,623,386
20,086,473
363,235,317
6,322,537
370,633,414

$

2,006,381,116 $

828,129,719 $

576,064,864

$

1,173,656,190 $

491,132,235

$

832,724,926 $

336,997,484

$

1,178,251,397

$

$

1,168,847,275
68,470,134
48,308,075
650,307,365
622,335,594
2,558,268,443

$

399,599,217
53,287,376
27,634,424
475,406,139
209,052,697
$ 1,164,979,853

$

4,564,649,559

$ 1,993,109,573

$

$

695,968,422
29,305,853
15,837,743
261,604,305
336,286,852
1,339,003,175

$

359,109,471
13,110,134
24,444,137
93,460,885
219,246,286
709,370,913

$ 131,655,672
5,906,798
5,147,081
84,378,846
155,300,883
$ 382,389,280

$

1,915,068,040

$ 1,883,027,103

$ 873,521,515

28

$

$

$

809,737,804
55,360,000
23,863,938
556,846,480
403,089,308
1,848,897,530

$

$

267,943,546
47,380,578
22,487,343
391,027,293
53,751,814
782,590,573

$

$

769,248,058
15,182,758
20,673,651
174,901,226
413,282,897
1,393,288,590

$

2,681,622,456

$ 1,119,588,058

$

2,571,539,986

Bonds Authorized and Sold
As of JUNE 30
(dollars in thousands)
Authorized

Sold

Available

2023 Authorizations
Fire, Police, Roadway and Pedestrian Infrastructure
Library, Parks, and Historic Preservation
Education, Economic Development, Reducing Waste,
Resource Management, Arts and Culture
Affordable Housing and Senior Centers

$

Total 2023 Authorizations

214,000
108,615

$

88,900
42,500

$

125,100
66,115

114,385
63,000

74,300
44,300

40,085
18,700

500,000

250,000

250,000

81,000
136,400
198,700
37,600
170,922
136,205

63,385
133,195
190,610
32,515
150,110
121,900

17,615
3,205
8,090
5,085
20,812
14,305

29,285
12,000
62,178
74,000
192,500
186,095
169,700
131,400
1,071,765

28,285
11,205
53,200
71,645
174,865
159,585
147,410
127,720
1,071,765

1,000
795
8,978
2,355
17,635
26,510
22,290
3,680
-

2,689,750

2,537,395

152,355

1988, 2001, and 2006 Authorizations
Affordable Housing and Neighborhood Revitalization
Computer Technology
Education Facilities
Environmental Cleanup
Family, Senior and Youth Cultural Facilities
Fire Protection
Freeway Mitigation, Neighborhood Stabilization and
Slum and Blight Elimination
Historic Preservation
Library Facilities
Neighborhood Protection and Senior Centers
Parks, Open Space and Recreational Facilities
Police Protection
Street Improvements
Storm Sewer Systems and Flood Protection
Bonds Fully Issued
Total 1988, 2001, and 2006 Authorizations
$

Total Bond Program

29

3,189,750

$

2,787,395

$

402,355