July 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

July 31, 2025
To the Mayor and City Council:
This is the City's Financial Report for July, the first month of fiscal year 2025-26.
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

November 24, 2025

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) July 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 6, 2025.
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
July 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

Better than Expected

Transportation

2

Monitor and Consider Taking Action

Community Development

2

Monitor and Consider Taking Action

Community Enrichment

3

Monitor and Consider Taking Action

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

Monitor and Consider Taking Action

Environmental Services

6

Better than Expected

General Obligation Debt Service

6

Monitor and Consider Taking Action

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Page

Performance Status

General Fund Total Operating Revenue

10

Monitor and Consider Taking Action

Property Tax

11

Expected

Local Sales Tax

12

Monitor and Consider Taking Action

Revenues by Source

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Monitor and Consider Taking Action

Governmental Funds

15

Better than Expected

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
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
128,314
141,261
183,988
206,963
192,062

Total General Fund

Annual
Expenditures *
1,470,251
1,623,808
1,844,878
1,936,514
2,012,994

% of Annual
Expenditures
8.7%
8.7%
10.0%
10.7%
9.5%

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

$2,500,000
July YTD
Expenditures

$2,000,000
$1,500,000
$1,000,000

Annual
Expenditures *

$500,000
$0
21-22

Better than Expected

22-23

23-24

24-25

25-26

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 2025-26 budgeted general fund expenditures are 3.9% higher than the fiscal year 2024-25 actuals. Fiscal year 2025-26 actual general fund
expenditures through July are 7.2% lower than the same period in fiscal year 2024-25. The decrease is due to lower professional services and rents in fiscal year 2025-26.
General fund expenditures increased 5.0% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 13.6% from 2023-24 over 2022-23 and an increase of 10.4%
from 2022-23 over 2021-22 fiscal results.

General Government
Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
14,191
15,844
24,128
33,039
28,433

General Government
Annual
% of Annual
Expenditures * Expenditures
8.8%
161,907
8.3%
190,945
10.7%
224,802
13.3%
248,524
11.5%
246,694

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

$300,000
$250,000

July YTD
Expenditures

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

Annual
Expenditures *

$50,000
$0
21-22

Better than Expected

22-23

23-24

24-25

25-26

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 2025-26 budgeted general fund expenditures are 0.7% lower than the fiscal year 2024-25 actuals. Fiscal year 2025-26
actual general fund expenditures through July are 13.9% lower than the same period in fiscal year 2024-25. The decrease is in Information Technology.
General fund expenditures increased 10.6% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 17.7% from 2023-24 over 2022-23 and an increase of 17.9%
from 2022-23 over 2021-22 fiscal results.

Criminal Justice
Fiscal Year
21-22
22-23
23-24
24-25
25-26

Criminal Justice

July YTD
Expenditures

Annual
Expenditures *

2,946
3,145
2,993
3,562
3,610

40,008
42,361
43,661
45,565
46,847

% of Annual
Expenditures
7.4%
7.4%
6.9%
7.8%
7.7%

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

$50,000
July YTD
Expenditures

$40,000
$30,000

Annual
Expenditures *

$20,000
$10,000
$0
21-22

Better than Expected

22-23

23-24

24-25

25-26

Criminal Justice expenditures include costs for Municipal Courts and Public Defenders. Fiscal year 2025-26 budgeted general fund expenditures are 2.8% higher than the fiscal year
2024-25 actuals. Fiscal year 2025-26 actual general fund expenditures through July are 1.3% higher than the same period in fiscal year 2024-25.
General fund criminal justice expenditures increased 4.4% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 3.1% from 2023-24 over 2022-23 and an
increase of 5.9% from 2022-23 over 2021-22 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
21-22
22-23
23-24
24-25
25-26

Public Safety
July YTD
Expenditures

Annual
Expenditures *

82,127
90,080
121,977
117,984
120,006

992,648
1,082,562
1,230,311
1,264,947
1,321,130

% of Annual
Expenditures
8.3%
8.3%
9.9%
9.3%
9.1%

$1,500,000
July 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
21-22

Better than Expected

22-23

23-24

24-25

25-26

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 2025-26 budgeted general fund public safety expenditures are 4.4% higher than the fiscal year
2024-25 actuals. Fiscal year 2025-26 actual general fund public safety expenditures through July are 1.7% higher than the same period in fiscal year 2024-25.
General fund public safety expenditures increased 2.8% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 13.6% from 2023-24 over 2022-23 and an
increase of 9.1% from 2022-23 over 2021-22 fiscal results.

Transportation
Fiscal Year
21-22
22-23
23-24
24-25
25-26

Transportation

July YTD
Expenditures

Annual
Expenditures *

2,059
2,502
615
875
883

23,166
24,827
25,006
24,687
1,902

% of Annual
Expenditures
8.9%
10.1%
2.5%
3.5%
46.4%

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

$30,000
$25,000

July YTD
Expenditures

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

Annual
Expenditures *

$5,000
$0
21-22

Monitor and Consider Taking Action

22-23

23-24

24-25

25-26

Transportation expenditures include costs associated with public transit, street maintenance, and repair. Prior to fiscal year 2018-19, the Street Transportation Department charged
these expenses to the general fund, with a portion subsequently transferred to the Arizona Highway User Revenue (AHUR) fund. Beginning in fiscal year 2018-19, the department
revised its funding approach by charging the majority of expenditures directly to AHUR, while allocating a smaller portion to the general fund.
In fiscal year 2025-26, the department continues to charge most expenses to AHUR; however, the portion previously transferred to the general fund is now transferred to the
Transportation 2050 fund. As a result, budgeted general fund transportation expenditures for fiscal year 2025-26 are 92.4% lower than fiscal year 2024-25 actuals, reflecting this shift in
cost allocation. Actual general fund transportation expenditures through July 2025 are 0.9% higher than the same period in fiscal year 2024-25, primarily due to the timing of
expenditure recording.
General fund transportation expenditures decreased 1.3% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 0.7% from 2023-24 over 2022-23 and an
increase of 7.2% from 2022-23 over 2021-22 fiscal results.

Community Development
Fiscal Year
21-22
22-23
23-24
24-25
25-26

Community Development

July YTD
Expenditures

Annual
Expenditures *

1,840
2,323
2,389
2,968
3,609

28,225
32,420
37,484
38,991
39,949

% of Annual
Expenditures
6.5%
7.2%
6.4%
7.6%
9.0%

$50,000
July 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
21-22

Monitor and Consider Taking Action

22-23

23-24

24-25

25-26

Community Development expenditures include costs for economic development and neighborhood services. The fiscal year 2025-26 budgeted general fund community development
expenditures are 2.5% higher than the fiscal year 2024-25 actuals. Fiscal year 2025-26 actual general fund community development expenditures through July are 21.6% higher than
the same period in fiscal year 2024-25 primarily due to higher personal services and miscellaneous contractuals.
General fund community development expenditures increased 4.0% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 15.6% from 2023-24 over 2022-23
and an increase of 14.9% from 2022-23 over 2021-22 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
9.3%
11.0%
10.9%
11.6%
12.3%

$250,000

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

$0

Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures

Annual
Expenditures *

16,178
20,970
24,078
26,705
29,633

173,631
190,780
220,465
230,064
241,870

July YTD
Expenditures

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

Annual
Expenditures *

$50,000
21-22

22-23

23-24

24-25

25-26

Monitor and Consider Taking Action
Community enrichment expenditures include costs for parks, recreational activities, senior centers and community centers. Fiscal year 2025-26 budgeted general fund community
enrichment expenditures are 5.1% higher than the fiscal year 2024-25 actuals. Fiscal year 2025-26 actual general fund community enrichment expenditures through July are 11.0%
higher than the same period in fiscal year 2024-25. The anticipated increase is due to higher contractual services related to parking management and homeless services in fiscal year
2025-26.
General fund community enrichment expenditures increased 4.4% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 15.6% from 2023-24 over 2022-23 and
an increase of 9.9% from 2022-23 over 2021-22 fiscal results.

Environmental Services
Fiscal Year
21-22
22-23
23-24
24-25
25-26

Environmental Services

July YTD
Expenditures

Annual
Expenditures *

10,745
7,232
4,440
4,558
5,354

26,508
28,329
29,088
33,461
40,435

% of Annual
Expenditures
40.5%
25.5%
15.3%
13.6%
13.2%

$50,000
July 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
21-22

Better than Expected

22-23

23-24

24-25

25-26

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 2025-26 budgeted general fund environmental service expenditures are 20.8% higher than the fiscal year 2024-25 actuals. Fiscal year
2025-26 actual general fund environmental service expenditures through July are 17.5% higher than the same period in fiscal year 2024-25.
General fund environmental service expenditures increased 15.0% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 2.7% from 2023-24 over 2022-23 and
an increase of 6.9% from 2022-23 over 2021-22 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
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
586,932
668,583
438,684
608,713
530,725

Total Citywide
Annual
Expenditures *
4,488,949
4,737,610
5,258,576
5,517,926
7,587,328

% of Annual
Expenditures
13.1%
14.1%
8.3%
11.0%
7.0%

* 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
July YTD
Expenditures

$6,000,000
$4,000,000

Annual
Expenditures *

$2,000,000
$0
21-22

Better than Expected

22-23

23-24

24-25

25-26

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 2025-26 anticipates an increase of 37.5% over
fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through July are 12.8% lower than the same period in the prior fiscal year.

General Government
Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
15,432
16,850
24,336
33,367
32,660

General Government
Annual
Expenditures *
238,925
246,244
264,112
291,573
312,721

% of Annual
Expenditures
6.5%
6.8%
9.2%
11.4%
10.4%

$400,000
July YTD
Expenditures

$300,000
$200,000

Annual
Expenditures *

$100,000

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

$0
21-22

Better than Expected

22-23

23-24

24-25

25-26

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 2025-26 anticipates an increase of 7.3% over fiscal year 2024-25 actuals in total operating
expenditures. Actual expenditures through July are 2.1% lower than the same period in the prior fiscal year.

Criminal Justice
Fiscal Year
21-22
22-23
23-24
24-25
25-26

Criminal Justice

July YTD
Expenditures
3,501
3,700
3,655
4,119
4,174

Annual
Expenditures *
47,054
49,422
51,475
53,537
56,564

% of Annual
Expenditures
7.4%
7.5%
7.1%
7.7%
7.4%

$80,000
July YTD
Expenditures

$60,000
$40,000

Annual
Expenditures *

$20,000

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

$0
21-22

Better than Expected

22-23

23-24

24-25

25-26

Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s Office. Citywide criminal justice budget for fiscal year 2025-26 anticipates an
increase of 5.7% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through July are 1.3% 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
8.0%
8.1%
9.7%
9.3%
8.9%

$2,000,000

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

$0

Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
98,750
109,549
144,580
143,333
145,823

Annual
Expenditures *
1,228,901
1,354,421
1,487,934
1,540,015
1,638,372

July YTD
Expenditures

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

Annual
Expenditures *

$400,000
21-22

22-23

23-24

24-25

25-26

Better than Expected
Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety budget for fiscal year 2025-26 anticipates an increase of 6.4%
over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through July are 1.7% higher than the same period in the prior fiscal year.

Transportation
Fiscal Year
21-22
22-23
23-24
24-25
25-26

Transportation

July YTD
Expenditures
300,960
231,350
53,430
98,403
91,076

Annual
Expenditures *
797,084
792,941
853,535
916,686
1,075,172

% of Annual
Expenditures
37.8%
29.2%
6.3%
10.7%
8.5%

$1,200,000
$1,000,000

July YTD
Expenditures

$800,000
$600,000

Annual
Expenditures *

$400,000
$200,000

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

$0
21-22

Better than Expected

22-23

23-24

24-25

25-26

Transportation expenditures include costs for street lighting, maintenance and repair, Aviation and Public Transit. Citywide transportation budget for fiscal year 2025-26
anticipates an increase of 17.3% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through July are 7.4% lower than the same period in
the prior fiscal year. Fiscal year 2021-22 financial results included a $70 million pension paydown.

Community Development
Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
19,809
18,894
21,457
29,440
30,588

Community Development
Annual
Expenditures *
227,960
270,479
327,281
332,866
436,210

% of Annual
Expenditures
8.7%
7.0%
6.6%
8.8%
7.0%

$500,000
July 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
21-22

Better than Expected

22-23

23-24

24-25

25-26

Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development budget
for fiscal year 2025-26 anticipates an increase of 31.0% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through July are 3.9% higher
than the same period in the prior fiscal year.

5

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

Community Enrichment
% of Annual
Expenditures
11.5%
9.6%
12.4%
14.0%
15.7%

$600,000

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

$0

Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
48,233
43,376
59,043
66,655
78,502

Annual
Expenditures *
420,501
450,218
474,707
475,390
499,659

July YTD
Expenditures

$450,000
$300,000

Annual
Expenditures *

$150,000

21-22

22-23

23-24

24-25

25-26

Monitor and Consider Taking Action
Community Enrichment expenditures include costs for Parks, Libraries, the Convention Center, Senior Centers and Community Centers. Citywide community enrichment
budget for fiscal year 2025-26 anticipates an increase of 5.1% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through July are 17.8%
higher than the same period in the prior fiscal year.

Environmental Services
% of Annual
Expenditures
11.4%
9.9%
10.7%
11.6%
10.2%

$1,250,000

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

$0

Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
85,499
81,927
95,731
103,422
104,632

Environmental Services
Annual
Expenditures *
752,386
830,101
897,028
891,531
1,021,461

July YTD
Expenditures

$1,000,000
$750,000
$500,000

Annual
Expenditures *

$250,000
21-22

22-23

23-24

24-25

25-26

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 2025-26 anticipates an increase of 14.6% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures
through July are 1.2% higher than the same period in the prior fiscal year.

Citywide Debt Service Expenditures
Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Expenditures
10,952
87,270
11,333
10,704
11,899

Annual
Expenditures *
131,081
207,854
136,000
142,806
149,538

Citywide Debt Service
% of Annual
Expenditures
8.4%
42.0%
8.3%
7.5%
8.0%

$240,000
July 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
21-22

22-23

23-24

24-25

25-26

Monitor and Consider Taking Action
Citywide debt service expenditures include general obligation debt service and payments on loans from direct borrowings. Citywide debt service expenditures budget for
fiscal year 2025-26 has an increase of 4.7% over fiscal year 2024-25 actuals in total operating expenditures. Actual debt service expenditures through July 2025 are 11.2%
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.

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

21-22

General Government $ 525,852

22-23

23-24

24-25

25-26 (Budget)

25-26 (YTD)

$ 494,744

$ 576,065

$ 828,130

$ 1,839,318

$

16,507

Discussion:
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 for 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.

General Government
25-26 (YTD)
25-26 (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, the City has budgeted $100 million for
contingencies.

24-25
23-24
22-23
21-22
$0

$500

$1,000

$1,500

$2,000

$2,500

Major projects budgeted for in fiscal year 2023-24 included $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, the City has budgeted $100 million for contingencies.
Major projects budgeted for in fiscal year 2024-25 included $158 million for major streets and bridges projects, $142 million to purchase standard buses, design first and
second corridors Bus Rapid Transit, $115 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 $18 million for affordable housing construction. Additionally, the City has budgeted $78 million for contingencies.

Major projects budgeted for in fiscal year 2025-26 include $117 million for Light Rail extension, construction, right-of-way and acquisition of property, $102 million for
major street construction, $63 million to purchase standard buses, $50 million to acquire parcels along the Capitol and I-10 corridor, and $22 million for affordable
housing construction. Additionally, the City has budgeted $124 million for contingencies.

21-22

Aviation $ 115,395

22-23

23-24

24-25

25-26 (Budget)

25-26 (YTD)

$ 134,479

$ 695,968

$ 399,599

$ 1,530,907

$

25,697

Discussion:
Major projects budgeted for in fiscal year 2021-22 included $58 million in Aviation
Bonds, $13 million on new Crossfield Taxiway, $6 million on Terminal 4 South 1
Concourse, and $5 million on Phoenix Sky Train.

Aviation
25-26 (YTD)

Major projects budgeted for in fiscal year 2022-23 included $11 million on 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 Airport, $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 has budgeted $176 million for contingencies.

25-26 (Budget)
24-25
23-24
22-23
21-22
$0

$500

$1,000

$1,500

$2,000

Major projects budgeted for in fiscal year 2023-24 included $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 has
budgeted $377 million for contingencies.

Major projects budgeted for in fiscal year 2024-25 included $121 million for Terminal 4 infrastructure modernization, $3 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 modifications. Additionally, the City has budgeted $367 million for contingencies.
Major projects budgeted for in fiscal year 2025-26 include $156 million for Terminal 3 North construction at Phoenix Sky Harbor, $86 million for Terminal 3 North
processor improvement, $70 million for Phoenix Sky Train replacement cars, $36 million for Terminal 3 North design and construction of new apron, and $28 million to
reconstruct a section of taxiway at Sky Harbor. Additionally, the City has budgeted $720 million for contingencies.

7

Capital Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

21-22

Phoenix Convention Center $ 84,751

22-23

23-24

24-25

$ 112,717

$ 29,306

$ 53,287

25-26 (Budget)

25-26 (YTD)

$

$

28,083

1,008

Discussion:
Major projects budgeted for in fiscal year 2021-22 included $47 million for the
purchase of 100 West Washington Street.

Phoenix Convention Center

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.

25-26 (YTD)
25-26 (Budget)
24-25

Major projects budgeted for in fiscal year 2023-24 included $34 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

23-24
22-23

Major projects budgeted for in fiscal year 2024-25 included $55 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

21-22
$0

$50

$100

$150

Major projects budgeted for in fiscal year 2025-26 include $7 million to design and construct the second phase of building and garage renovations at 100 West
Washington Street, $5 million to operate a real time crime/operations center at 100 West Washington Street, $5 million for Symphony Hall theatrical venue
improvements, and $4 million to upgrade the Herberger Theater speaker system.

21-22

Solid Waste $ 28,986

22-23

23-24

24-25

$ 22,723

$ 15,838

$ 27,634

25-26 (Budget)

25-26 (YTD)

$

$

63,121

18,329

Discussion:
Major projects budgeted for in fiscal year 2021-22 included $24 million on
replacing and upgrading aging equipment at 27th Ave and North Gateway
Transfer Stations Material Recovery Facilities.

Solid Waste
25-26 (YTD)

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 has budgeted $2.5 million for contingencies.

25-26 (Budget)
24-25
23-24

Major projects budgeted for in fiscal year 2023-24 included $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 has budgeted $10
million for contingencies.

22-23
21-22
$0

$15

$30

$45

$60

$75

Major projects budgeted for in fiscal year 2024-25 included $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 has budgeted $2
million for contingencies.
Major projects budgeted for in fiscal year 2025-26 include $26 million for vehicle replacement, $20 million to excavate and line Cell 2, and ongoing maintenance at
the State Route 85 Landfill. Additionally, the City has budgeted $2 million for contingencies.

8

Capital Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

21-22

Wastewater $ 182,710

22-23

23-24

24-25

$ 147,620

$ 261,604

$475,406

25-26 (Budget)

25-26 (YTD)

$

$

376,050

1,925

Discussion:
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 for
32nd Street sanity sewer between Cortez Street and Cactus Road, and $3.0
million for sewer relocation due to Light Rail.

Wastewater
25-26 (YTD)
25-26 (Budget)
24-25

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 for 23rd Ave Grit Basin replacement, $9 million to rehabilitate
small sewers citywide, $5 million to rehabilitate or replace PVC-lined concrete
sanitary interceptors, and $4 million for Dixileta Dobbins North gravity sewer. In
addition, the City has budgeted $165 million for contingencies.

23-24
22-23
21-22
$0

$100

$200

$300

$400

$500

Major projects budgeted for in fiscal year 2023-24 included $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. In addition, the City has budgeted $66 million for contingencies.
Major projects budgeted for in fiscal year 2024-25 included $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. In addition, the City has budgeted
$56 million for contingencies.

Major projects budgeted for in fiscal year 2025-26 include $48 million to design and construct a new North Gateway Advanced Water Reclamation Plant, $38 million to
replace and rehabilitate Plant 1A at 91st Ave, $24 millon to rehabilitate or replace large diameter sewers, $24 million to rehabilitate equipment at Cave Creek, and $21
million to rehabilitate small diameter sewers Citywide.

21-22

Water $ 205,485

22-23

23-24

24-25

$ 152,431

$ 336,287

$ 209,053

25-26 (Budget)

25-26 (YTD)

$

$

764,612

4,806

Discussion:
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 (WTP), $12 million to repair and replace leaking water services from main to
meter, and $9 million in underground aquifer water storage.

Water
25-26 (YTD)
25-26 (Budget)
24-25
23-24
22-23
21-22
$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 Deer Valley Water
Treatment Plant (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
on remote facilities rehab and replacement, $11 million for 24th Street WTP
rehabilitation, and $9 million to acquire additional water resources. Additionally, the
City has budgeted $105 million for 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 24th Street, $15 million for concrete reservoir rehabilitation, $15 million for
construction improvements, and $12 million for aquifer storage recovery wells. Additionally, the City has budgeted $105 million for 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 has budgeted $64 million for contingencies.
Major projects budgeted for in fiscal year 2025-26 include $60 million for Colorado River system conservation, $48 million for the design and construction of a new North
Gateway advanced water purification facility, $40 million for infrastructure construction in the southern development impact fee area, $40 million to design and construct
new groundwater supply wellls, and $38 million for water services assessment replacements.

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

July YTD Revenues

$1,600,000
$1,200,000
$800,000
Annual Revenues*

$400,000
$0
21-22

Fiscal Year
21-22
22-23
23-24
24-25
25-26

July YTD
Revenues
94,725
96,914
124,772
142,619
145,641

22-23

23-24

24-25

25-26

Annual
% of Annual
Revenues* Revenues
1,508,526
6.3%
1,695,886
5.7%
1,905,441
6.5%
1,845,963
7.7%
1,936,858
7.5%

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

Year to Date Performance Status
Monitor and Consider Taking Action
Fiscal year 2025-26 general fund operating revenues are budgeted to increase 4.9% over prior year actuals. Actual revenues
through July are 2.1% higher 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

143,241

137,459

280,000

131,014

126,148

119,973

Secondary

200,000

Primary

160,000
120,000
192,215

201,050

206,393

213,583

21-22

22-23

23-24

24-25

222,719

80,000
40,000
-

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

Total
312,188
327,198
337,407
351,042
(1,883)
365,961

July
(1,490)
(1,541)
(1,819)
(1,652)
(1,883)
(1,806)

Aug
1,141
1,275
1,291
1,714
1,542

Sept
1,040
1,357
1,182
1,112
1,316

Oct
24,048
29,752
28,607
28,644
31,349

Nov
101,285
98,119
115,096
73,938
103,468

Dec
33,534
39,943
30,724
76,570
53,053

Jan
18,086
16,279
16,818
20,524
19,321

25-26

Feb
6,889
7,687
8,164
6,716
8,131

Mar
8,972
10,370
11,181
11,861
12,039

Apr
15,063
15,618
13,178
13,875
15,375

25-26 Budget

May
71,096
77,294
81,036
42,106
72,222

June
32,524
31,045
31,949
75,634
49,951

Primary Secondary
192,215
119,973
201,050
126,148
206,393
131,014
213,583
137,459
(1,158)
(725)
222,719
143,241

Note: Monthly budget amount for 25-26 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 4.2% in fiscal year 2025-26 over fiscal year 2024-25 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

21-22 Actuals
22-23 Actuals

50,000

23-24 Actuals

40,000

24-25 Actuals
25-26 Actuals

30,000

25-26 Budget

20,000
10,000
July

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

Aug

July
44,048
43,479
65,562
60,143
59,918
63,712

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
July
44,048
43,479
65,562
60,143
59,918
63,712

Aug
61,805
67,368
40,693
57,344
67,889

Sept
41,516
46,739
61,764
79,085
68,455

Oct
50,734
81,273
77,291
42,062
75,105

Nov
60,971
35,837
51,239
58,899
61,834

Dec
53,633
59,276
62,777
74,602
74,784

Jan
70,197
70,667
62,496
53,127
76,637

Feb
42,535
54,420
52,116
48,011
58,887

Mar
44,740
52,376
59,547
84,517
72,063

Apr
54,758
43,371
73,586
47,949
65,634

May
72,938
85,884
50,079
55,089
78,878

June
61,286
56,272
69,733
64,286
75,170

Year to Date Performance Status
Monitor and Consider Taking Action
Local Sales Tax for fiscal year 2025-26 is budgeted to increase 15.7% over fiscal year 2024-25 actual results. Year-to-date Local Sales Tax through July is 6.0% lower
than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual revenue.
Through July fiscal year 2025-26 Local Sales Tax revenues decreased 0.4% compared to the same period in prior year. For the fiscal year 2024-25 Local Sales Tax for
the full year decreased 0.2% over fiscal year 2023-24. Fiscal year 2023-24 increased 4.3% over 2022-23 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

21-22 Actuals
22-23 Actuals

20,000

23-24 Actuals
24-25 Actuals

15,000

25-26 Actuals
25-26 Budget

10,000
5,000
July

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

Aug

July
26,539
28,422
31,080
29,285
32,165
31,072

Sept

YTD thru
July
26,539
28,422
31,080
29,285
32,165
31,072

Oct

Aug
18,124
15,064
17,702
22,327
19,727

Nov

Sept
16,285
22,937
21,440
17,301
21,005

Dec

Oct
18,259
18,918
17,613
20,802
20,367

Jan

Feb

Mar

Apr

May

June

Nov
15,097
17,357
24,288
24,429
21,870

Dec
23,860
22,501
21,627
18,732
23,365

Jan
22,364
20,469
20,707
25,409
23,965

Feb
12,163
19,205
21,264
21,453
19,961

Mar
18,738
22,501
20,978
20,536
22,296

Apr
25,105
23,090
19,620
22,610
24,363

May
15,952
15,244
24,370
23,718
21,361

June
17,415
16,105
8,815
7,376
13,394

Year to Date Performance Status
Better than Expected
State Sales Tax for fiscal year 2025-26 is budgeted to increase 3.5% over fiscal year 2024-25 actual results. Year-to-date State Sales Tax through July is 3.5% higher than budget
expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are based on an allocation of the annual budget. Monthly
budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual revenue.
Through July fiscal year 2025-26 State Sales Tax revenues increased 9.8% compared to the same period in prior year. For the fiscal year 2024-25 State Sales Tax for the full year
increased 1.8% over fiscal year 2023-24. Fiscal year 2023-24 increased 3.2% over 2022-23 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
14,000
12,000
21-22 Actuals

10,000

22-23 Actuals
23-24 Actuals

8,000

24-25 Actuals
6,000

25-26 Actuals
25-26 Budget

4,000
2,000
July

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

Aug

July
10,453
10,826
10,796
10,953
11,038
11,818

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
July
10,453
10,826
10,796
10,953
11,038
11,818

Aug
5,328
5,739
5,974
7,401
6,713

Sept
6,363
6,274
6,936
6,103
7,052

Oct
6,970
6,676
6,283
6,630
7,294

Nov
4,862
5,183
6,005
6,881
6,298

Dec
6,537
6,555
6,781
6,563
7,261

Jan
7,285
6,684
6,760
8,250
7,959

Feb
5,828
6,276
6,343
6,520
6,857

Mar
6,418
7,297
9,364
9,098
8,837

Apr
8,075
7,252
5,355
6,681
7,515

May
6,061
7,241
8,631
8,724
8,420

June
4,515
4,590
4,595
3,950
4,848

Year to Date Performance Status
Monitor and Consider Taking Action
Vehicle License Tax for fiscal year 2025-26 is budgeted to increase 3.6% over fiscal year 2024-25 actual results. Year-to-date Vehicle License Tax through July is 6.6% lower
than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual revenue.
Through July fiscal year 2025-26 Vehicle License Tax revenues increased 0.8% compared to the same period in prior year. For the fiscal year 2024-25 Vehicle License Tax for
the full year increased 4.7% over fiscal year 2023-24. Fiscal year 2023-24 increased 4.0% over 2022-23 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

21-22 Actuals
22-23 Actuals
23-24 Actuals

400,000

24-25 Actuals
25-26 Actuals

300,000

25-26 Budget

200,000

100,000

-

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

July

Aug

Sept

Oct

July
123,174
79,979
154,502
193,909
233,988
157,060

YTD thru
July
123,174
79,979
154,502
193,909
233,988
157,060

Aug
225,569
274,628
239,106
246,776
291,488

Sept
185,901
211,185
274,616
270,399
278,039

Nov

Oct
231,638
288,507
297,125
267,445
320,512

Dec

Jan

Nov
324,875
300,162
356,376
350,378
394,872

Feb

Dec
253,979
275,549
338,770
357,779
362,139

Mar

Jan
267,406
263,160
304,747
279,351
330,378

Apr

May

June

Feb
199,258
246,172
221,491
301,330
289,341

Mar
230,537
255,008
344,024
320,224
341,178

Apr
255,574
243,521
298,429
295,809
325,125

May
320,064
419,779
347,769
302,514
412,298

June
540,197
497,001
406,208
374,745
551,971

Year to Date Performance Status
Better than Expected
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 2025-26 are budgeted to increase 13.9% over fiscal year 2024-25 actual results. Year-to-date Governmental Funds
revenues through July are 49.0% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are based on
an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual revenue.
Through July fiscal year 2025-26 Governmental Funds revenues increased 20.7% compared to the same period in prior year. For the fiscal year 2024-25 Governmental Funds for the full
year decreased 0.6% over fiscal year 2023-24. Fiscal year 2023-24 increased 6.8% over 2022-23 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
21-22 Actuals
22-23 Actuals
23-24 Actuals

80,000

24-25 Actuals
25-26 Actuals
25-26 Budget

40,000

July

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

Aug

July
36,735
12,023
43,541
51,297
58,560
39,471

Sept

YTD thru
July
36,735
12,023
43,541
51,297
58,560
39,471

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

Aug
33,945
37,402
46,444
51,258
46,467

Sept
28,302
34,042
42,615
51,046
42,882

Oct
31,904
41,419
49,373
52,592
48,182

Nov
36,031
66,192
49,349
53,828
56,459

Dec
35,025
25,237
56,177
61,736
48,976

Jan
57,391
46,228
47,603
48,819
54,986

Feb
33,583
57,291
46,427
50,696
51,676

Mar
38,417
45,866
49,078
55,059
51,792

Apr
40,080
48,930
66,870
59,570
59,222

May
46,367
46,926
55,891
64,497
58,736

June
155,860
112,245
54,137
57,971
104,511

Year to Date Performance Status
Better than Expected
Aviation Operating revenue for fiscal year 2025-26 is budgeted to increase 0.8% over fiscal year 2024-25 actual results. Year-to-date Aviation Operating revenues
through July is 48.4% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are
based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual
revenue.
Through July fiscal year 2025-26 Aviation Operating revenues increased 14.2% compared to the same period in prior year. For the fiscal year 2024-25 Aviation
Operating revenues for the full year increased 8.4% over fiscal year 2023-24. Fiscal year 2023-24 increased 5.9% over 2022-23 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
21-22 Actuals

60,000

22-23 Actuals

50,000

23-24 Actuals

40,000

24-25 Actuals

30,000

25-26 Actuals
25-26 Budget

20,000
10,000
July

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

Aug

July
58,256
60,867
79,474
69,338
79,575
91,928

Sept

YTD thru
July
58,256
60,867
79,474
69,338
79,575
91,928

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

Aug
42,379
49,237
60,009
69,897
76,004

Sept
47,181
53,259
59,303
65,421
77,254

Oct
39,257
44,825
53,644
61,358
68,306

Nov
41,784
40,352
49,293
53,271
63,370

Dec
37,523
33,550
37,111
62,391
58,524

Jan
28,902
28,416
34,650
40,822
45,560

Feb
28,035
26,868
50,549
36,231
48,611

Mar
31,242
30,349
34,151
37,185
45,607

Apr
40,702
35,722
40,533
52,410
58,110

May
45,193
41,526
51,853
59,570
67,982

June
51,821
52,443
65,187
68,721
81,717

Year to Date Performance Status
Monitor and Consider Taking Action
Water Operating revenues for fiscal year 2025-26 is budgeted to increase 15.7% over fiscal year 2024-25 actual results. Year-to-date Water Operating revenues through July is 13.4%
lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are based on an allocation of the annual budget.
Monthly budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 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 July fiscal year 2025-26 Water Operating revenues increased 14.8% compared to the same period in prior year. For the fiscal year 2024-25 Water Operating revenues for the
full year increased 9.9% over fiscal year 2023-24. Fiscal year 2023-24 increased 23.8% over 2022-23 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

21-22 Actuals
22-23 Actuals

20,000

23-24 Actuals

15,000

24-25 Actuals
25-26 Actuals

10,000

25-26 Budget
5,000
July

Fiscal Year
21-22
22-23
23-24
24-25
25-26
25-26 Budget

Aug

July
22,011
18,108
18,448
22,200
23,688
23,017

Sept

YTD thru
July
22,011
18,108
18,448
22,200
23,688
23,017

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

Aug
21,971
22,936
22,257
32,311
28,348

Sept
26,947
19,029
26,911
28,044
28,763

Oct
18,312
22,401
22,957
28,305
26,211

Nov
21,720
25,044
24,163
22,479
26,619

Dec
24,380
19,691
25,262
27,327
27,546

Jan
22,218
26,128
27,645
28,553
29,793

Feb
21,916
25,503
24,321
26,783
28,077

Mar
23,023
22,405
28,786
30,619
29,875

Apr
24,091
21,595
25,563
28,824
28,519

May
22,296
23,607
26,894
28,690
28,922

June
17,973
28,591
34,569
34,982
33,091

Year to Date Performance Status
Better than Expected
Wastewater Operating revenues for fiscal year 2025-26 is budgeted to decrease 0.1% over fiscal year 2024-25 actual results. Year-to-date Wastewater Operating revenues through July
is 2.9% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual revenue.
Through July fiscal year 2025-26 Wastewater Operating revenues increased 6.7% compared to the same period in prior year. For the fiscal year 2024-25 Wastewater Operating revenues
for the full year increased 10.2% over fiscal year 2023-24. Fiscal year 2023-24 increased 11.9% over 2022-23 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 JULY 31
(dollars in thousands)
Budget
Estimate
2025-2026

Actual
Year-to-Date
2025-2026
2024-2025

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
Planning & Development
Street Transportation
Fire
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other
Interest
Other Fees and Service Charges

Total Revenues

$

$

839,048
1,838

59,918 $
(18)

60,143
168

262,745
328,334
90,871
222,719
2,937
5,472

32,165
27,177
11,038
(1,158)
(1,400)

29,285
29,251
10,953
(1,020)
169
(77)

8,524
1,005
17,177
413
8,665
1,836
8,326

794
73
821
37
662
118
1,018

831
95
601
31
744
113
713

66,974
1,555
20,473
25,811
22,137

7,806
(24)
3,870
2,785
(41)

3,439
79
2,949
3,162
991

1,936,858

19

$

$

145,641

$

142,619

General Fund Expenditures
As of JULY 31
(dollars in thousands)
Budget
Estimate
2025-2026

Actual
Year-to-Date
2025-2026
2024-2025

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

$

2,759
7,152
12,638
98,229
5,609
3,718
35,271
3,735
8,532
30,177
4,498
32,460
1,914
246,694

$

246 $
529
1,203
11,873
608
393
2,963
230
891
5,942
447
2,674
433
28,433

208
389
1,033
15,939
929
352
2,672
216
857
6,829
414
2,748
452
33,039

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

39,759
7,087
46,847

3,377
233
3,610

3,328
234
3,562

Public Safety
Police
Fire
Total Public Safety

799,844
521,286
1,321,130

77,389
42,617
120,006

74,554
43,429
117,984

Transportation
Street Transportation
Total Transportation

1,902
1,902

883
883

875
875

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

10,221
19,743
7,311
2,674
39,949

1,236
1,812
518
43
3,609

694
1,747
488
40
2,968

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

134,775
51,366
43,098
12,631
241,870

15,020
7,117
3,889
3,606
29,633

15,494
7,220
2,812
1,179
26,705

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

37,367
2,402
666
40,435

5,139
139
76
5,354

4,381
87
90
4,558

Capital Improvement

74,167

535

17,273

Vacancy Savings

(20,000)

-

-

Contingencies

200,561

-

-

192,062 $

206,963

Total Expenditures and Encumbrances

$
20

2,193,555

$

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 JULY 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
2025-2026
$

839,048
1,838

Total General Funds
Special Revenue and Debt Service Funds
Neighborhood Protection
Public Safety Enhancement & Expansion
Parks and Preserves
Golf Courses
Transportation 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

$

59,918 $
(18)

60,143
168

262,745
328,334
90,871
222,719
2,937
5,472
9,529
17,177
413
8,665
1,836
8,326
89,002
25,811
22,137

32,165
27,177
11,038
(1,158)
(1,400)
868
821
37
662
118
1,018
11,652
2,785
(41)

29,285
29,251
10,953
(1,020)
169
(77)
926
601
31
744
113
713
6,467
3,162
991

1,936,858

145,641

142,619

64,717
164,115
68,470
14,070
492,611
5,075
84,032
7,814
39,466
173,276
67,217
11,504
60,071
721,864
143,241

3,342
(178)
3,616
335
25,230
(83)
25,950
529
1,876
14,437
4,751
9
(5,223)
14,479
(725)

3,409
6,910
4,123
709
27,927
(1,081)
15,861
633
1,894
13,222
5,757
308
(8,264)
(19,613)
(504)

2,117,541

88,347

51,290

663,361
143,488
782,974
338,782
216,352

58,560
7,908
79,575
23,688
18,509

51,297
7,983
69,338
22,200
18,980

2,144,957

188,239

169,797

422,228 $

363,706

6,199,357

21

Actual
Year-to-Date
2025-2026
2024-2025
$

$

Citywide Operating Expenditures
As of JULY 31
(dollars in thousands)

Source
General Government
General Funds
Other Funds
Total General Government

Actual
Year-to-Date
2025-2026
2024-2025

Budget
2025-2026

28,433 $
4,227
32,660

33,039
328
33,367

46,847
9,717
56,564

3,610
564
4,174

3,562
557
4,119

Public Safety
General Funds
Other Funds
Total Public Safety

1,321,130
317,242
1,638,372

120,006
25,817
145,823

117,984
25,349
143,333

Transportation
General Funds
Other Funds
Total Transportation

1,902
1,073,270
1,075,172

883
90,193
91,076

875
97,528
98,403

Community Development
General Funds
Other Funds
Total Community Development

39,949
396,261
436,210

3,609
26,979
30,588

2,968
26,472
29,440

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

241,870
257,789
499,659

29,633
48,869
78,502

26,705
39,950
66,655

Environmental Services
General Funds
Other Funds
Total Environmental Services

40,435
981,026
1,021,461

5,354
99,278
104,632

4,558
98,864
103,422

149,538
149,538

11,899
11,899

10,704
10,704

74,167
2,258,464
2,332,631

535
30,836
31,371

17,273
101,996
119,269

Non-Departmental Grants
General Funds
Other Funds
Total Non-Departmental Grants

65,000
65,000

-

-

Vacancy Savings
General Funds
Other Funds
Total Vacancy Savings

(20,000)
(20,000)

-

-

Contingencies
General Funds
Other Funds
Total Contingencies

200,561
93,000
293,561

-

-

2,193,555
5,667,334
7,860,889

192,063
338,662
530,725 $

206,964
401,748
608,713

$

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

$

246,694
66,027
312,721

22

$

$

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
JULY 31
2025
2024

Budget
Estimate
2025-2026

Source

Actual Year-to-Date
2025-2026
2024-2025

General Funds
$

Local Taxes:
Sales Taxes
Privilege License Fees

59,917,616 $
(17,632)

60,142,830
167,633

59,899,984

60,310,463

Total Local Taxes

840,885,363

59,899,984

60,310,463

32,165,366
27,177,319
11,038,374

29,284,605
29,251,332
10,952,702

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

262,745,000
328,334,000
90,871,000

32,165,366
27,177,319
11,038,374

29,284,605
29,251,332
10,952,702

70,381,059

69,488,639

681,950,000

70,381,059

69,488,639

(1,158,399)

(1,019,702)

Primary Property Tax

222,719,000

(1,158,399)

(1,019,702)

169,404

Licenses and Permits

2,937,000

(76,848)

Cable Communications

5,472,000

(1,400,356)

(76,848)

794,169
73,405

831,105
94,850

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,524,280
1,005,000

794,169
73,405

831,105
94,850

867,574

925,955

9,529,280

867,574

925,955

820,711

600,867

Police

17,176,735

820,711

600,867

(1,400,356)

$

Total State Shared Taxes

Total Municipal Court

839,047,577
1,837,786

$

59,917,616
(17,632)

-

$

60,142,830
167,633

169,404

36,886

30,675

Library Fees

413,349

36,886

30,675

662,178

743,591

Parks and Recreation

8,664,806

662,178

743,591

117,669

112,957

Planning and Development

1,836,000

117,669

112,957

1,018,158

712,966

Street Transportation

8,325,700

1,018,158

712,966

7,805,632
(23,580)
3,869,677

3,439,223
79,179
2,948,909

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

66,973,996
1,555,000
20,472,580

7,805,632
(23,580)
3,869,677

3,439,223
79,179
2,948,909

11,651,729

6,467,311

89,001,576

11,651,729

6,467,311

2,784,653

3,161,645

25,810,778

2,784,653

3,161,645

(41,030)

991,462

145,640,816

142,619,385

Total Fire
Interest
Other Fees and Service Charges
Total General Funds

22,136,818

(41,030)

991,462

1,936,858,405

145,640,816

142,619,385

Special Revenue and Debt Service Funds
2,264,099
161,828
808,392
107,571

2,328,625
166,331
831,652
82,532

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

44,803,048
3,201,978
15,998,070
714,000

2,264,099
161,828
808,392
107,571

2,328,625
166,331
831,652
82,532

3,341,890

3,409,140

Total Neighborhood Protection

64,717,096

3,341,890

3,409,140

972,799
(1,281,685)
131,181

5,382,671
1,367,478
159,407

124,295,211
39,020,761
799,500

972,799
(1,281,685)
131,181

5,382,671
1,367,478
159,407

(177,705)

6,909,556

164,115,472

(177,705)

6,909,556

3,616,458

4,122,531

68,469,515

3,616,458

4,122,531

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
JULY 31
2025
2024
$

153,336
115,153
32,839
33,216

$

333,024
278,482
29,446
68,472

Budget
Estimate
2025-2026

Source
Golf Courses:
Fees
Concessions
Interest
Other

$

8,688,870
4,574,141
155,182
651,409

Actual Year-to-Date
2025-2026
2024-2025
$

153,336
115,153
32,839
33,216

$

333,024
278,482
29,446
68,472

334,544

709,424

Total Golf Courses

14,069,602

334,544

709,424

21,746,194
3,484,271

22,914,949
5,011,790

Transportation 2050:
Sales Taxes
Interest/Other

439,091,041
53,519,629

21,746,194
3,484,271

22,914,949
5,011,790

25,230,465

27,926,739

492,610,670

25,230,465

27,926,739

(82,563)

(1,080,926)

Court Awards

5,074,589

(82,563)

(1,080,926)

25,949,769

15,860,861

Planning and Development

84,032,481

25,949,769

15,860,861

529,428

632,977

Capital Construction

7,814,039

529,428

632,977

1,499,156
377,245

1,530,981
362,743

Sports Facilities:
Sales Taxes
Interest/Other

32,810,161
6,655,434

1,499,156
377,245

1,530,981
362,743

1,876,401

1,893,724

Total Sports Facilities

39,465,595

1,876,401

1,893,724

13,172,000
585,934
679,137

12,561,000
640,888
20,257

Highway User Revenue:
Highway User Revenue
Interest
Other

167,733,000
4,817,034
725,997

13,172,000
585,934
679,137

12,561,000
640,888
20,257

14,437,071

13,222,145

173,276,031

14,437,071

13,222,145

4,751,277

5,757,264

Regional Transit Revenues

67,216,586

4,751,277

5,757,264

9,352

307,771

Community Reinvestment

11,503,690

9,352

307,771

(5,222,885)

(8,263,707)

Other Restricted Fees

60,070,640

(5,222,885)

(8,263,707)

228,846
12,186,387
13,741,196

315,154
20,543,233
3,394,200

Grants:
Public Housing:
Rentals
Grants
Other

4,576,591
226,037,916
66,858,701

228,846
12,186,387
13,741,196

315,154
20,543,233
3,394,200

26,156,429

24,252,587

297,473,208

26,156,429

24,252,587

(3,183,415)
(18,297,479)
(1,903,215)
11,706,242

(2,935,040)
(47,874,108)
(1,363,458)
8,306,740

101,901,167
122,687,844
37,897,079
161,904,806

(3,183,415)
(18,297,479)
(1,903,215)
11,706,242

(2,935,040)
(47,874,108)
(1,363,458)
8,306,740

(11,677,867)

(43,865,866)

Total Other

424,390,896

(11,677,867)

(43,865,866)

14,478,562

(19,613,279)

Total Grants

721,864,104

14,478,562

(19,613,279)

(725,154)
-

(631,658)
127,188

143,241,188
-

(725,154)
-

(631,658)
127,188

(725,154)

(504,470)

143,241,188

(725,154)

(504,470)

88,346,910

51,289,750

2,117,541,298

88,346,910

51,289,750

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

24

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

Budget
Estimate
2025-2026

Source

Actual Year-to-Date
2025-2026
2024-2025

Enterprise Funds
AVIATION:
$

12,925,985 $
41,581,435
2,497,232
230,342
288,185
409,166
627,778

11,994,273
35,434,169
2,345,004
177,106
342,854
347,490
655,911

58,560,123

51,296,807

Sky Harbor:
Airlines
Concessions
Interest
Other
Phoenix-Goodyear
Phoenix-Deer Valley
Phoenix-Customer Facility Charge

$

Total Aviation

163,182,000
459,662,910
23,104,000
2,495,121
4,287,968
4,524,947
6,104,000

$

12,925,985
41,581,435
2,497,232
230,342
288,185
409,166
627,778

$

11,994,273
35,434,169
2,345,004
177,106
342,854
347,490
655,911

663,360,946

58,560,123

51,296,807

103,474,774
35,085,952
4,927,000

4,651,057
2,610,808
645,743

4,538,253
2,824,832
619,879

143,487,726

7,907,608

7,982,964

737,687,452
2,930,000
5,862,988
14,534,030
3,900,000
15,390,971
2,668,940

77,572,654
256,391
4,327,526
158,526
129,900
1,122,419
(3,992,575)

65,338,177
232,865
3,015,738
115,912
326,580
1,204,631
(895,802)

782,974,381

79,574,841

69,338,101

CONVENTION CENTER:
4,651,057
2,610,808
645,743

4,538,253
2,824,832
619,879

7,907,608

7,982,964

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

77,572,654
256,391
4,327,526
158,526
129,900
1,122,419
(3,992,575)

65,338,177
232,865
3,015,738
115,912
326,580
1,204,631
(895,802)

79,574,841

69,338,101

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

22,571,221
115,380
1,270,682
(269,521)

20,711,932
311,340
1,325,000
(148,553)

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

260,798,134
23,948,000
3,500,000
18,434,015
32,101,729

22,571,221
115,380
1,270,682
(269,521)

20,711,932
311,340
1,325,000
(148,553)

23,687,762

22,199,719

Total Wastewater

338,781,878

23,687,762

22,199,719

190,329,244
16,261,420
1,641,439
8,120,098

16,095,911
1,171,496
209,373
1,032,320

15,638,168
1,233,087
179,011
1,929,325

216,352,201

18,509,100

18,979,591

2,144,957,132

188,239,434

169,797,182

SOLID WASTE:

$

16,095,911
1,171,496
209,373
1,032,320

15,638,168
1,233,087
179,011
1,929,325

18,509,100

18,979,591

188,239,434

169,797,182

422,227,160

$

363,706,317

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

$

25

6,199,356,835

$

422,227,160

$

363,706,317

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

Program

Budget
Estimate
2025-2026

2025-2026 Year-to-Date
Operating Expenditures & Encumbrances
Capital
and Debt
Operations

Actual Year-to-Date
2025-2026
2024-2025

General Government
$

246,320 $
529,063
1,371,906
12,838,576
206,219
608,312
486,385
3,088,987
230,237
891,327
5,957,236
236,588
18,579
447,473
4,234,254
1,268,253

207,509
388,750
1,284,969
16,425,993
190,500
929,338
381,193
2,772,870
216,482
857,159
6,844,538
353,771
12,418
414,313
4,155,457
(2,067,784)

32,659,713

33,367,474

$
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

2,758,846
7,151,548
23,257,069
109,796,996
1,759,759
5,614,052
4,355,140
36,973,608
3,735,493
8,532,577
30,362,763
969,067
134,897
4,498,346
67,125,603
5,695,505

$

246,320
529,063
1,371,906
12,838,576
206,219
608,312
486,385
3,088,987
230,237
891,327
5,957,236
236,588
18,579
447,473
4,234,254
1,268,253

$

207,509
388,750
1,284,969
16,425,993
190,500
929,338
381,193
2,772,870
216,482
857,159
6,844,538
353,771
12,418
414,313
4,155,457
(2,067,784)

$

246,320
529,063
1,371,906
11,947,989
206,219
608,312
486,385
3,088,987
230,237
891,327
5,941,797
236,588
18,579
447,473
2,851,827
1,268,253

$

890,586
15,439
1,382,427
-

312,721,269

32,659,713

33,367,474

30,371,261

2,288,452

49,477,122
7,087,352

3,941,415
233,009

3,885,793
233,666

3,404,794
233,009

536,621
-

56,564,474

4,174,424

4,119,459

3,637,803

536,621

1,030,178,897
608,193,532

97,418,872
48,404,200

94,268,231
49,064,701

97,197,946
48,004,348

220,926
399,852

1,638,372,429

145,823,073

143,332,932

145,202,295

620,778

Criminal Justice
3,941,415
233,009

3,885,793
233,666

4,174,424

4,119,459

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

97,418,872
48,404,200

94,268,231
49,064,701

145,823,073

143,332,932

Police
Fire

Total Public Safety
Transportation

17,592,923
1,474,738
40,682,004
31,326,216

15,170,007
2,792,849
41,956,578
38,484,033

Street Transportation
Street Lighting
Aviation
Public Transit

117,397,833
14,635,967
522,924,575
420,213,399

17,592,923
1,474,738
40,682,004
31,326,216

15,170,007
2,792,849
41,956,578
38,484,033

17,206,959
1,474,738
33,345,859
31,326,216

385,965
7,336,145
-

91,075,882

98,403,467

Total Transportation

1,075,171,774

91,075,882

98,403,467

83,353,772

7,722,110

Community Development
7,752,468
14,183,895
5,710,349
2,940,841

8,571,462
13,598,593
4,437,174
2,832,309

Planning and Development
Housing
Economic Development
Neighborhood Services Department

102,661,363
247,257,920
22,169,229
64,121,103

7,752,468
14,183,895
5,710,349
2,940,841

8,571,462
13,598,593
4,437,174
2,832,309

7,752,468
14,183,895
5,485,120
2,940,841

225,229
-

30,587,552

29,439,537

Total Community Development

436,209,615

30,587,552

29,439,537

30,362,323

225,229

160,269,567
52,483,542
102,533,677
13,546,539
153,060,910
8,660,121
9,104,434

17,066,136
7,285,761
31,079,826
1,128,728
15,993,582
5,064,464
883,871

17,842,692
7,316,005
23,575,242
1,129,823
13,879,858
2,074,641
836,894

17,032,675
7,285,761
29,105,588
15,988,001
5,064,464
883,871

33,461
1,974,238
1,128,728
5,581
-

499,658,790

78,502,369

66,655,155

75,360,361

3,142,008

Community Enrichment
17,066,136
7,285,761
31,079,826
1,128,728
15,993,582
5,064,464
883,871

17,842,692
7,316,005
23,575,242
1,129,823
13,879,858
2,074,641
836,894

78,502,369

66,655,155

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
JULY 31
2025
2024

Budget
Estimate
2025-2026

Program

2025-2026 Year-to-Date
Operating Expenditures & Encumbrances
Capital
and Debt
Operations

Actual Year-to-Date
2025-2026
2024-2025

Environmental Services
$

55,449,334 $
24,841,767
17,858,100
6,160,110
235,284
87,400

48,466,584
22,917,187
26,335,100
5,210,175
366,493
126,178

104,631,996

103,421,716

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

$

Total Environmental Services

531,131,358
227,163,824
209,176,667
49,604,580
3,405,669
978,548

$

55,449,334
24,841,767
17,858,100
6,160,110
235,284
87,400

$

48,466,584
22,917,187
26,335,100
5,210,175
366,493
126,178

$

41,310,995
19,710,576
17,022,516
5,148,470
235,284
87,400

$

14,138,340
5,131,191
835,583
1,011,640
-

1,021,460,646

104,631,996

103,421,716

83,515,241

21,116,754

10,957,306
2,455,932
449,714
16,021,468
2,941,775
1,144,709
85,850
2,338,069
8,217,676
522,425
18,634,035
21,666,690
1,891,271
1,678,940
3,772,960
32,478,932
21,368,971
15,600
2,895,191

913,109
204,661
37,476
1,336,372
245,148
95,392
7,154
194,839
684,806
43,535
1,552,836
1,805,557
157,606
90,619
14,900
2,706,578
1,780,748
1,300
26,786

378,016
2,426,284
10,500
614,473
55,660
253,189
59,063
1,366,347
501,758
39,390
2,053,951
1,078,385
90,619
50,000
739,700
957,516
2,650
26,786

913,109
204,661
37,476
1,336,372
245,148
95,392
7,154
194,839
684,806
43,535
1,552,836
1,805,557
157,606
90,619
14,900
2,706,578
1,780,748
1,300
26,786

-

General Obligation Debt Service and
Loans From Direct Borrowings

$

913,109
204,661
37,476
1,336,372
245,148
95,392
7,154
194,839
684,806
43,535
1,552,836
1,805,557
157,606
90,619
14,900
2,706,578
1,780,748
1,300
26,786

378,016
2,426,284
10,500
614,473
55,660
253,189
59,063
1,366,347
501,758
39,390
2,053,951
1,078,385
90,619
50,000
739,700
957,516
2,650
26,786

11,899,423

10,704,287

Total Debt Service

149,537,514

11,899,423

10,704,287

11,899,423

-

31,370,641

119,268,714

Capital Improvement

2,332,631,085

31,370,641

119,268,714

31,370,641

-

-

-

Non-Departmental Grants

65,000,000

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

293,561,222

-

-

-

-

530,725,073 $

608,712,742

Cultural Facilities
Downtown Development
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
Storm Sewer Improvements
Street Improvements
Street Lights
Water

$

7,860,888,818

$

27

530,725,073

$

608,712,742

$

495,073,121

$

35,651,953

Capital Expenditures and Encumbrances
2025-2026
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

2024-2025
Actual Yearto-Date

Actual Yearto-Date

Budget

2025-2026 Year-to-Date Capital Amounts
From Operating Funds
From Capital Funds
Budget
Actual
Budget
Actual

Unencumbered
Budget

$

902,484 $
38,182,677
1,250,000
81,515,807
59,335,129
16,486,920
175,662,988
17,173,242
62,565,430
8,583,943
2,180,263
236,224,924
154,594,235
19,079,304
44,710,692
411,627,255
8,192,398
490,780,877

$
184,514
1,007,723
5,135,019
129,829
1,127,879
45,224
320,663
12,849
8,402
(7,221,505)
2,022,562
18,669
66,450
1,557,923
1,995
2,570,451

211,468
11,919,131
489,346
375,812
1,558,898
906,093
2,689,883
53,399
6,174
7,174,196
16,852,622
1,784
149,421
2,276,450
30,206,068

$

$
12,682,677
1,250,000
35,118,756
5,587,254
5,000,000
127,477,359
15,198,212
50,900,927
1,917,491
2,180,263
11,664,281
107,070,627
13,625,736
411,627,255
2,192,398
259,188,843

184,514
235,353
76,950
1,049,381
42,651
320,663
12,079
8,402
2,001,977
54,574
1,557,923
1,995
1,871,362

$

902,484 $
25,500,000
46,397,051
53,747,875
11,486,920
48,185,629
1,975,030
11,664,503
6,666,452
224,560,643
47,523,608
19,079,304
31,084,956
6,000,000
231,592,034

772,370
5,058,069
129,829
78,498
2,573
770
(7,221,505)
20,585
18,669
11,876
699,089

$

902,484
37,998,164
1,250,000
80,508,084
54,200,110
16,357,091
174,535,109
17,128,018
62,244,767
8,571,094
2,171,862
243,446,429
152,571,673
19,060,635
44,644,242
410,069,332
8,190,403
488,210,426

$

1,839,318,159 $

16,506,850 $

74,870,744

$

1,072,951,670 $

16,936,026

$

766,366,489 $

(429,176)

$

1,822,811,309

$

$

1,530,906,564
28,082,878
63,121,060
376,049,709
764,612,493
2,762,772,704

$

4,602,090,863

$

$

25,697,300
1,008,043
18,328,835
1,925,402
4,806,404
51,765,984

$

68,272,834

$

$

167,144,858
1,215,963
5,132,494
58,435,097
1,811,993
233,740,405

635,924,395
16,101,500
8,098,319
218,293,410
381,261,791
$ 1,259,679,415

$

308,611,149

$ 2,332,631,085

28

$

$

$

6,745,030
938,726
148,454
1,938,493
4,663,911
14,434,616

$

31,370,641

$

$

894,982,169
11,981,378
55,022,741
157,756,299
383,350,702
1,503,093,289

$

2,269,459,778

$

$

18,952,270
69,316
18,180,381
(13,091)
142,493
37,331,369

$

$

1,505,209,264
27,074,835
44,792,225
374,124,307
759,806,089
2,711,006,720

$

36,902,193

$

4,533,818,029

Bonds Authorized and Sold
As of JULY 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