August 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

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

December 11, 2025

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

Better than Expected

Community Enrichment

3

Better than Expected

Environmental Services

3

Better than Expected

Better than Expected

Citywide Expenditures
Citywide Total Operating Expenditures

4

General Government

4

Better than Expected

Criminal Justice

4

Monitor and Consider Taking Action

Public Safety

5

Better than Expected

Transportation

5

Better than Expected
Better than Expected

Community Development

5

Community Enrichment

6

Better than Expected

Environmental Services

6

Better than Expected

General Obligation Debt Service

6

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

Expected

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

Better than Expected

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

August YTD
Annual
Expenditures Expenditures *
263,952
1,470,251
297,592
1,623,808
371,818
1,844,878
392,084
1,936,514
348,983
2,012,994

Total General Fund
% of Annual
Expenditures
18.0%
18.3%
20.2%
20.2%
17.3%

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

$2,500,000
August 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 August are 11.0% 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

August YTD
Expenditures
30,820
36,612
46,107
54,676
49,476

General Government
Annual
% of Annual
Expenditures * Expenditures
19.0%
161,907
19.2%
190,945
20.5%
224,802
22.0%
248,524
20.1%
246,694

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

$300,000
$250,000

August 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 August are 9.5% 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

August YTD
Expenditures
6,837
7,364
8,168
7,773
7,038

Annual
Expenditures *
40,008
42,361
43,661
45,565
46,847

% of Annual
Expenditures
17.1%
17.4%
18.7%
17.1%
15.0%

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

$50,000
August 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 August are 9.5% lower 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
August YTD
Annual
Expenditures Expenditures *
175,495
992,648
190,834
1,082,562
242,085
1,230,311
233,081
1,264,947
223,728
1,321,130

% of Annual
Expenditures
17.7%
17.6%
19.7%
18.4%
16.9%

$1,500,000
August 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 202425 actuals. Fiscal year 2025-26 actual general fund public safety expenditures through August are 4.0% lower 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

August YTD
Expenditures
2,000
6,904
5,045
5,051
1,055

Annual
Expenditures *
23,166
24,827
25,006
24,687
1,902

% of Annual
Expenditures
8.6%
27.8%
20.2%
20.5%
55.5%

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

$30,000
$25,000
August 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 August 2025 are 79.1% lower 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

August YTD
Expenditures
4,526
5,040
6,171
7,288
6,317

Community Development
Annual
Expenditures *
28,225
32,420
37,484
38,991
39,949

% of Annual
Expenditures
16.0%
15.5%
16.5%
18.7%
15.8%

$50,000
August 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

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 August are 13.3% lower 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
21.7%
22.6%
22.8%
22.6%
21.7%

$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

August YTD
Expenditures
37,631
43,104
50,302
51,888
52,452

Annual
Expenditures *
173,631
190,780
220,465
230,064
241,870

August YTD
Expenditures

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

Annual
Expenditures *

$50,000
21-22

22-23

23-24

24-25

25-26

Better than Expected
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 August are 1.1%
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

August YTD
Expenditures
5,855
5,998
9,575
12,957
7,034

Environmental Services
Annual
Expenditures *
26,508
28,329
29,088
33,461
40,435

% of Annual
Expenditures
22.1%
21.2%
32.9%
38.7%
17.4%

$50,000
August 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 August are 45.7% lower 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

August YTD
Expenditures
1,253,637
1,110,251
1,166,685
1,129,661
1,011,268

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

% of Annual
Expenditures
27.9%
23.4%
22.2%
20.5%
13.3%

* 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
August 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 August are 10.5% lower than the same period in the prior fiscal year.

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

August YTD
Expenditures
31,149
39,804
49,785
59,084
57,011

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

% of Annual
Expenditures
13.0%
16.2%
18.8%
20.3%
18.2%

$400,000
August 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 August are 3.5% lower than the same period in the prior fiscal year.

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

August YTD
Expenditures
8,027
8,529
9,567
8,898
9,597

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

% of Annual
Expenditures
17.1%
17.3%
18.6%
16.6%
17.0%

$80,000
August 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

Monitor and Consider Taking Action

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 August are 7.9% higher than the same period in the prior fiscal
year.

4

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

Public Safety
% of Annual
Expenditures
17.1%
18.7%
20.7%
19.3%
17.4%

$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

August YTD
Expenditures
210,417
252,696
307,896
297,270
285,537

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

August 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 August are 3.9% lower than the same period in the prior fiscal year.

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

Transportation

August YTD
Expenditures
355,237
307,003
307,157
207,787
176,313

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

% of Annual
Expenditures
44.6%
38.7%
36.0%
22.7%
16.4%

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

August 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 August are 15.1% lower than the same period
in the prior fiscal year. Fiscal year 2021-22 financial results included a $70 million pension paydown.

Community Development

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

August YTD
Expenditures
37,955
41,922
50,557
58,050
58,322

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

% of Annual
Expenditures
16.6%
15.5%
15.4%
17.4%
13.4%

$500,000
August 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 August are 0.5% higher
than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
% of Annual
Expenditures
21.1%
24.3%
28.0%
24.5%
24.1%

$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

August YTD
Expenditures
88,657
109,572
133,044
116,413
120,294

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

August YTD
Expenditures

$450,000
$300,000

Annual
Expenditures *

$150,000

21-22

22-23

23-24

24-25

25-26

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 2025-26 anticipates an increase of 5.1% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through August are 3.3%
higher than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
19.7%
18.5%
19.6%
20.3%
16.8%

$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

August YTD
Expenditures
148,594
153,804
175,764
181,321
171,592

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

August 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 August are 5.4% lower 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

August YTD
Expenditures
21,903
98,327
22,667
21,409
23,806

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

Citywide Debt Service
% of Annual
Expenditures
16.7%
47.3%
16.7%
15.0%
15.9%

$240,000
August 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 August 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

$

79,968

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

$

142,108

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

2,823

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

34,081

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)

$

$

369,604

9,376

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)

$

$

771,058

58,338

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

August 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

22-23

23-24

24-25

25-26

August YTD
Annual
% of Annual
Revenues Revenues* Revenues
225,630 1,508,526
15.0%
250,231 1,695,886
14.8%
247,312 1,905,441
13.0%
271,672 1,845,963
14.7%
284,480 1,936,858
14.7%

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

Year to Date Performance Status
Expected
Fiscal year 2025-26 general fund operating revenues are budgeted to increase 4.9% over prior year actuals. Actual revenues
through August are 4.7% 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
(554)
365,961

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

Aug
1,141
1,275
1,291
1,714
1,329
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

25-26 Budget

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

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
(342)
(212)
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

Aug
61,805
67,368
40,693
57,344
62,668
67,889

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
August
105,853
110,847
106,255
117,487
122,586
131,601

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 August is 6.9%
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 August fiscal year 2025-26 Local Sales Tax revenues increased 4.3% 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

Aug
18,124
15,064
17,702
22,327
21,714
19,727

Oct

YTD thru
August
44,663
43,486
48,782
51,612
53,879
50,799

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 August is 6.1% 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 August fiscal year 2025-26 State Sales Tax revenues increased 4.4% 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

Aug
5,328
5,739
5,974
7,401
7,977
6,713

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
August
15,781
16,565
16,770
18,354
19,015
18,531

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
Better than Expected
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 August is 2.6% 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 August fiscal year 2025-26 Vehicle License Tax revenues increased 3.6% 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

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

Aug
225,569
274,628
239,106
246,776
250,264
291,488

YTD thru
August
348,743
354,607
393,608
440,685
484,252
448,547

Oct

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

Nov

Dec

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

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 August are 8.0% 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 August fiscal year 2025-26 Governmental Funds revenues increased 9.9% 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

Aug
33,945
37,402
46,444
51,258
53,160
46,467

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
August
70,680
49,425
89,985
102,555
111,720
85,938

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 August is 30.0% 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 August fiscal year 2025-26 Aviation Operating revenues increased 8.9% 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

Aug

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

Fiscal Year

July

Aug

YTD thru
August

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

42,379
49,237
60,009
69,897
77,869
76,004

100,635
110,104
139,483
139,235
157,444
167,932

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

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

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

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

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

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

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

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

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

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 August is 6.2% 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 August fiscal year 2025-26 Water Operating revenues increased 13.1% 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

Aug

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

Fiscal Year

July

Aug

YTD thru
August

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

21,971
22,936
22,257
32,311
30,091
28,348

43,982
41,044
40,705
54,511
53,779
51,365

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

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

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

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

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

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

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

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

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

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
August is 4.7% 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 August fiscal year 2025-26 Wastewater Operating revenues decreased 1.3% 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 AUGUST 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

122,586 $
244

117,487
270

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

53,879
54,355
19,015
(342)
424
203

51,612
58,503
18,354
30
482
(77)

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

1,544
137
1,550
155
1,047
256
1,851

1,541
170
1,267
146
1,542
245
1,711

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

15,697
20
4,354
5,546
1,960

6,908
147
3,261
6,221
1,851

1,936,858

19

$

$

284,480

$

271,672

General Fund Expenditures
As of AUGUST 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

$

450 $
1,058
2,313
22,519
1,553
744
5,262
413
1,265
7,491
905
4,742
759
49,476

450
847
2,185
24,391
1,380
775
5,853
580
1,448
9,872
880
5,163
852
54,676

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

39,759
7,087
46,847

6,278
760
7,038

6,921
852
7,773

Public Safety
Police
Fire
Total Public Safety

799,844
521,286
1,321,130

144,398
79,330
223,728

146,533
86,548
233,081

Transportation
Street Transportation
Total Transportation

1,902
1,902

1,055
1,055

5,051
5,051

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

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

1,952
3,236
951
178
6,317

2,170
3,955
1,079
84
7,288

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

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

29,548
11,808
6,317
4,778
52,452

29,567
11,960
5,988
4,374
51,888

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

37,367
2,402
666
40,435

6,608
281
146
7,034

12,558
207
192
12,957

Capital Improvement

74,167

1,884

19,369

Vacancy Savings

(20,000)

-

-

Contingencies

200,561

-

-

348,983 $

392,084

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 AUGUST 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
WaterSystem
Water
Wastewater
Solid Waste

Total Enterprise Funds
Total Operating Revenues

$

122,586 $
244

117,487
270

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

53,879
54,355
19,015
(342)
424
203
1,681
1,550
155
1,047
256
1,851
20,070
5,546
1,960

51,612
58,503
18,354
30
482
(77)
1,711
1,267
146
1,542
245
1,711
10,317
6,221
1,851

1,936,858

284,480

271,673

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

7,959
11,245
8,472
1,086
59,528
(72)
33,067
1,028
3,708
27,507
9,504
392
(6,674)
43,234
(212)

7,577
18,224
8,735
1,296
59,322
313
22,021
1,309
3,957
26,601
11,528
751
(3,308)
10,531
159

2,117,541

199,772

169,013

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

111,720
15,595
157,444
53,779
36,650

102,555
16,222
139,235
54,511
36,382

2,144,957

375,188

348,905

859,441 $

789,591

6,199,357

21

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

$

$

Citywide Operating Expenditures
As of AUGUST 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

49,476 $
7,535
57,011

54,676
4,408
59,084

46,847
9,717
56,564

7,038
2,559
9,597

7,773
1,125
8,898

Public Safety
General Funds
Other Funds
Total Public Safety

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

223,728
61,809
285,537

233,081
64,189
297,270

Transportation
General Funds
Other Funds
Total Transportation

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

1,055
175,258
176,313

5,051
202,736
207,787

Community Development
General Funds
Other Funds
Total Community Development

39,949
396,261
436,210

6,317
52,005
58,322

7,288
50,762
58,050

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

241,870
257,789
499,659

52,452
67,842
120,294

51,888
64,525
116,413

Environmental Services
General Funds
Other Funds
Total Environmental Services

40,435
981,026
1,021,461

7,034
164,558
171,592

12,957
168,364
181,321

149,538
149,538

23,806
23,806

21,409
21,409

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

1,884
106,912
108,796

19,369
160,061
179,430

$

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

246,694
66,027
312,721

$

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

348,984
662,284
1,011,268 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

392,083
737,579
1,129,661

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
AUGUST 31
2025
2024

Budget
Estimate
2025-2026

Source

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

General Funds
$

57,344,451
102,580

Local Taxes:
Sales Taxes
Privilege License Fees

62,929,826

57,447,031

Total Local Taxes

840,885,363

122,829,810

117,757,494

21,714,008
27,177,319
7,976,403

22,327,097
29,251,332
7,401,216

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

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

53,879,374
54,354,638
19,014,777

51,611,702
58,502,664
18,353,918

56,867,730

58,979,645

681,950,000

127,248,789

128,468,284

816,478

1,049,411

Primary Property Tax

222,719,000

(341,921)

29,709

62,668,678
261,148

$

$

Total State Shared Taxes

839,047,577
1,837,786

$

122,586,294
243,516

$

117,487,281
270,213

424,072

312,625

Licenses and Permits

2,937,000

424,072

482,029

1,603,494

-

Cable Communications

5,472,000

203,138

(76,848)

749,544
63,667

709,863
75,312

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,524,280
1,005,000

1,543,713
137,072

1,540,968
170,162

813,211

785,175

9,529,280

1,680,785

1,711,130

729,263

666,334

Police

17,176,735

1,549,974

1,267,201

118,062

115,461

Library Fees

413,349

154,948

146,136

384,833

798,848

Parks and Recreation

8,664,806

1,047,011

1,542,439

138,645

132,384

Planning and Development

1,836,000

256,314

245,341

832,711

997,812

Street Transportation

8,325,700

1,850,869

1,710,778

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

15,696,776
20,034
4,353,554

6,907,966
147,183
3,261,498

89,001,576

20,070,364

10,316,647

Interest

25,810,778

5,545,802

6,221,463

Other Fees and Service Charges

22,136,818

1,960,258

1,850,974

1,936,858,405

284,480,213

271,672,777

7,891,144
43,614
483,877

3,468,743
68,004
312,589

8,418,635

3,849,336

2,761,149

3,059,818

2,001,288

859,512

138,839,397

129,053,392

Total Municipal Court

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
3,141,732
224,528
1,121,813
129,423

2,868,744
204,910
1,024,551
69,274

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

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

5,405,831
386,356
1,930,205
236,994

5,197,369
371,241
1,856,203
151,806

4,617,496

4,167,479

Total Neighborhood Protection

64,717,096

7,959,386

7,576,619

8,633,742
2,685,832
102,928

8,405,124
2,771,925
137,084

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

9,606,541
1,404,147
234,109

13,787,795
4,139,403
296,491

11,422,502

11,314,133

164,115,472

11,244,797

18,223,689

4,855,704

4,612,224

68,469,515

8,472,162

8,734,755

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
AUGUST 31
2025
2024
$

399,323
299,896
31,856
20,213

$

288,817
248,790
28,243
20,376

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
$

552,659
415,049
64,695
53,429

$

621,841
527,272
57,689
88,848

751,288

586,226

Total Golf Courses

14,069,602

1,085,832

1,295,650

30,957,164
3,340,130

27,996,245
3,398,696

Transportation 2050:
Sales Taxes
Interest/Other

439,091,041
53,519,629

52,703,358
6,824,401

50,911,194
8,410,486

34,297,294

31,394,941

492,610,670

59,527,759

59,321,680

10,829

1,393,565

Court Awards

5,074,589

(71,734)

312,639

7,117,190

6,160,072

Planning and Development

84,032,481

33,066,959

22,020,933

498,324

675,668

Capital Construction

7,814,039

1,027,752

1,308,645

1,504,901
327,150

1,696,014
367,673

Sports Facilities:
Sales Taxes
Interest/Other

32,810,161
6,655,434

3,004,057
704,395

3,226,995
730,416

1,832,051

2,063,687

Total Sports Facilities

39,465,595

3,708,452

3,957,411

12,410,226
588,054
70,960

12,205,638
622,128
550,739

Highway User Revenue:
Highway User Revenue
Interest
Other

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

25,582,226
1,173,988
750,097

24,766,638
1,263,016
570,996

13,069,240

13,378,505

173,276,031

27,506,311

26,600,650

4,752,496

5,770,626

Regional Transit Revenues

67,216,586

9,503,773

11,527,890

383,093

443,070

Community Reinvestment

11,503,690

392,445

750,841

(1,451,163)

4,955,403

Other Restricted Fees

60,070,640

(6,674,048)

(3,308,304)

213,301
12,850,181
1,270,001

361,483
13,026,473
993,556

Grants:
Public Housing:
Rentals
Grants
Other

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

442,147
25,036,568
15,011,197

676,637
33,569,706
4,387,756

14,333,483

14,381,512

297,473,208

40,489,912

38,634,099

5,616,458
1,529,877
2,056,358
5,218,959

5,494,803
5,400,146
613,160
4,254,444

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

2,433,043
(16,767,602)
153,143
16,925,201

2,559,763
(42,473,962)
(750,298)
12,561,184

14,421,652

15,762,553

Total Other

424,390,896

2,743,785

(28,103,313)

28,755,135

30,144,065

Total Grants

721,864,104

43,233,697

10,530,786

513,608
-

663,541
1

143,241,188
-

(211,546)
-

31,883
127,189

513,608

663,542

143,241,188

(211,546)

159,072

111,425,087

117,723,206

2,117,541,298

199,771,997

169,012,956

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
AUGUST 31
2025
2024

Budget
Estimate
2025-2026

Source

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

Enterprise Funds
AVIATION:
$

13,347,390 $
35,710,262
2,590,952
157,923
334,153
385,177
634,189

12,503,947
34,704,842
2,402,976
239,589
308,384
442,658
655,865

53,160,046

51,258,261

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

$

26,273,375
77,291,697
5,088,184
388,265
622,338
794,343
1,261,967

$

24,498,220
70,139,011
4,747,980
416,695
651,238
790,148
1,311,776

663,360,946

111,720,169

102,555,068

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

9,969,566
4,329,342
1,296,535

10,247,127
4,726,063
1,249,245

143,487,726

15,595,443

16,222,435

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

151,199,338
479,269
4,866,052
1,923,951
232,320
2,287,417
(3,544,438)

130,319,492
452,419
3,675,451
2,246,634
557,670
2,395,744
(412,692)

782,974,381

157,443,909

139,234,718

CONVENTION CENTER:
5,318,509
1,718,534
650,792

5,708,874
1,901,231
629,366

7,687,835

8,239,471

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

73,626,684
222,878
538,526
1,765,425
102,420
1,164,998
448,137

64,981,315
219,554
659,713
2,130,722
231,090
1,191,113
483,110

77,869,068

69,896,617

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

22,718,156
3,242,017
100,320
1,261,414
2,769,275

21,902,973
4,882,980
218,160
1,278,905
4,028,372

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

45,289,377
3,242,017
215,700
2,532,096
2,499,754

42,614,905
4,882,980
529,500
2,603,905
3,879,819

30,091,182

32,311,390

Total Wastewater

338,781,878

53,778,944

54,511,109

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

32,154,284
2,598,470
418,278
1,478,550

31,247,522
2,449,299
354,067
2,331,249

216,352,201

36,649,582

36,382,137

2,144,957,132

375,188,047

348,905,467

SOLID WASTE:

$

16,058,373
1,426,974
208,905
446,230

15,609,354
1,216,212
175,056
401,924

18,140,482

17,402,546

186,948,613

179,108,285

437,213,097

$

425,884,883

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

$

25

6,199,356,835

$

859,440,257

$

789,591,200

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

Program

Budget
Estimate
2025-2026

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

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

General Government
$

204,148 $
528,767
1,176,273
11,729,105
105,598
944,293
439,090
2,472,811
183,101
374,155
1,564,520
234,194
12,238
457,185
3,591,218
335,009

242,130
458,710
1,618,340
9,473,127
130,587
450,713
487,773
3,384,467
363,465
591,307
3,057,686
385,057
15,229
465,652
4,029,340
562,562

24,351,703

25,716,145

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

$

450,467
1,057,830
2,548,179
24,567,680
311,816
1,552,604
925,475
5,561,798
413,338
1,265,482
7,521,756
470,782
30,817
904,658
7,825,472
1,603,261

$

449,638
847,459
2,903,309
25,899,120
321,087
1,380,051
868,966
6,157,336
579,947
1,448,466
9,902,225
738,828
27,647
879,964
8,184,796
(1,505,222)

$

450,467
1,057,830
2,548,179
22,663,334
311,816
1,552,604
925,475
5,561,798
413,338
1,265,482
7,490,878
470,782
30,817
904,658
5,061,592
1,603,261

$

1,904,347
30,877
2,763,880
-

312,721,269

57,011,416

59,083,619

52,312,312

4,699,104

49,477,122
7,087,352

8,837,437
759,667

8,046,260
851,728

7,765,275
759,667

1,072,161
-

56,564,474

9,597,104

8,897,987

8,524,943

1,072,161

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

188,577,051
96,959,528

192,573,918
104,695,790

188,078,690
95,736,428

498,360
1,223,100

1,638,372,429

285,536,578

297,269,708

283,815,118

1,721,460

Criminal Justice
4,896,022
526,659

4,160,467
618,061

5,422,680

4,778,528

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

91,158,178
48,555,327

98,305,687
55,631,089

139,713,506

153,936,776

Police
Fire
Total Public Safety
Transportation

8,663,975
1,526,380
32,965,291
42,081,346

12,170,553
1,138,457
37,343,893
58,730,241

Street Transportation
Street Lighting
Aviation
Public Transit

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

26,256,898
3,001,118
73,647,295
73,407,562

27,340,560
3,931,307
79,300,470
97,214,274

25,484,969
3,001,118
58,999,504
73,407,562

771,929
14,647,791
-

85,236,991

109,383,145

Total Transportation

1,075,171,774

176,312,873

207,786,611

160,893,153

15,419,720

Community Development
7,368,828
14,853,636
2,433,894
3,077,891

9,591,573
13,847,767
1,889,137
3,282,282

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

15,121,296
29,037,530
8,144,243
6,018,732

18,163,035
27,446,360
6,326,311
6,114,591

15,121,296
29,037,530
7,564,677
6,018,732

579,566
-

27,734,249

28,610,759

Total Community Development

436,209,615

58,321,801

58,050,296

57,742,235

579,566

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

33,747,740
12,010,573
37,507,828
2,257,457
27,560,804
5,239,264
1,970,207

33,891,713
12,174,956
29,571,642
2,260,366
30,887,386
5,828,994
1,798,030

33,680,818
12,010,573
33,425,334
27,527,550
5,239,264
1,970,207

66,922
4,082,494
2,257,457
33,254
-

499,658,790

120,293,873

116,413,087

113,853,746

6,440,126

Community Enrichment
16,681,604
4,724,812
6,428,002
1,128,728
11,567,222
174,799
1,086,336

16,049,021
4,858,951
5,996,400
1,130,543
17,007,527
3,754,353
961,137

41,791,503

49,757,932

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
AUGUST 31
2025
2024

Budget
Estimate
2025-2026

Program

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

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

Environmental Services
$

35,902,487 $
15,307,964
12,954,152
2,482,307
221,478
91,641

34,702,231
17,603,987
15,838,921
9,212,529
425,927
115,544

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

66,960,028

77,899,140

Total Environmental Services

$

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

$

91,351,821
40,149,731
30,812,251
8,642,417
456,763
179,041

$

83,168,815
40,521,174
42,174,021
14,422,704
792,420
241,722

$

65,060,079
29,891,758
29,112,255
6,619,137
456,763
179,041

$

26,291,742
10,257,973
1,699,996
2,023,280
-

1,021,460,646

171,592,024

181,320,857

131,319,033

40,272,991

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

1,826,218
409,322
74,952
2,671,495
490,296
190,785
14,308
399,074
1,369,613
87,071
3,105,673
3,611,115
315,212
181,239
29,300
5,413,155
3,561,495
2,600
53,572

756,033
4,852,569
21,000
1,228,947
111,321
506,377
118,125
2,732,693
1,003,515
78,779
4,107,902
2,156,771
181,239
100,000
1,479,400
1,915,032
5,300
53,572

1,826,218
409,322
74,952
2,671,495
490,296
190,785
14,308
389,678
1,369,613
87,071
3,105,673
3,611,115
315,212
181,239
29,300
5,413,155
3,561,495
2,600
53,572

9,396
-

General Obligation Debt Service and
Loans From Direct Borrowings

$

913,109
204,661
37,476
1,335,122
245,148
95,392
7,154
204,235
684,806
43,535
1,552,836
1,805,557
157,606
90,619
14,400
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

11,907,069

10,704,287

Total Debt Service

149,537,514

23,806,492

21,408,575

23,797,097

9,396

77,425,109

60,161,476

Capital Improvement

2,332,631,085

108,795,751

179,430,190

108,795,751

-

-

-

Non-Departmental Grants

65,000,000

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

293,561,222

-

-

-

-

480,542,839 $

520,948,188

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

1,011,267,912

$

1,129,660,930

$

941,053,388

$

70,214,524

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

$
190,229
2,055,307
7,207,731
131,438
3,290,541
437,620
13,047,901
46,659
14,030
14,303,589
8,308,994
471,719
126,066
2,981,906
1,995
17,834,351

(1,201,430)
15,175,560
854,952
2,886,586
2,024,340
2,380,819
3,349,999
774,414
14,998
14,652,212
27,286,211
13,845
300,544
7,174,199
33,734,323

$

$
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

190,229
468,169
157,911
543
3,140,152
226,839
1,389,998
43,563
14,030
8,169,730
102,518
2,981,906
1,995
9,293,094

$

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

1,587,137
7,049,821
130,895
150,390
210,781
11,657,903
3,096
14,303,589
139,264
471,719
23,548
8,541,257

$

902,484
37,992,449
1,250,000
79,460,500
52,127,398
16,355,482
172,372,447
16,735,622
49,517,529
8,537,284
2,166,234
221,921,335
146,285,241
18,607,585
44,584,626
408,645,349
8,190,403
472,946,526

$

1,839,318,159 $

79,968,279 $

109,421,572

$

1,072,951,670 $

35,698,880

$

766,366,489 $

44,269,400

$

1,759,349,880

$

$

1,530,906,564
28,082,878
63,121,060
369,603,724
771,058,478
2,762,772,704

$

4,602,090,863

$

$

142,107,961
2,822,987
34,080,824
9,375,811
58,338,081
246,725,666

$

326,693,945

$

$

219,468,124
2,306,623
9,538,888
312,590,484
10,988,228
554,892,348

635,924,395
16,101,500
8,098,319
212,381,320
387,173,881
$ 1,259,679,415

$

35,422,015
2,621,801
14,265,903
9,304,545
11,482,607
73,096,871

$

664,313,920

$ 2,332,631,085

$ 108,795,751

28

$

$

$

$

894,982,169
11,981,378
55,022,741
157,222,404
383,884,597
1,503,093,289

$

2,269,459,778

$

$

106,685,947
201,186
19,814,921
71,267
46,855,474
173,628,795

$

$

1,388,798,603
25,259,891
29,040,236
360,227,913
712,720,397
2,516,047,038

$

217,898,194

$

4,275,396,918

Bonds Authorized and Sold
As of AUGUST 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