September 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

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

February 5, 2026

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

Better than Expected

Community Development

2

Better than Expected

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

Better than Expected

Environmental Services

6

Better than Expected

General Obligation Debt Service

6

Expected

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Page

Performance Status

General Fund Total Operating Revenue

10

Expected

Property Tax

11

Expected

Local Sales Tax

12

Better than Expected

State Sales Tax

13

Monitor and Consider Taking Action

Vehicle License Tax

14

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

Revenues by Source

Financial Schedules

Page

General Fund Revenue

19

General Fund Expenditures

20

Citywide Operating Revenue

21

Citywide Operating Expenditures

22

Citywide Operating Revenue by Source

23

Citywide Operating Expenditures by Program

26

Capital Expenditures and Encumbrances

28

Bonds Authorized and Sold

29

Notes:
Performance Status

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

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

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Total General Fund Expenditures
Fiscal Year
21-22
22-23
23-24
24-25
25-26

September
YTD
Annual
Expenditures Expenditures *
392,207
1,470,251
441,979
1,623,808
535,347
1,844,878
538,266
1,936,514
531,392
2,012,994

Total General Fund
% of Annual
Expenditures
26.7%
27.2%
29.0%
27.8%
26.4%

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

$2,500,000
September 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 September are 1.3% 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

September
YTD
Expenditures
44,696
51,836
67,809
74,153
70,951

General Government
Annual
% of Annual
Expenditures * Expenditures
27.6%
161,907
27.1%
190,945
30.2%
224,802
29.8%
248,524
28.8%
246,694

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

$300,000
$250,000

September 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 September are 4.3% 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

September
YTD
Expenditures
10,176
10,963
11,914
12,023
11,035

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

% of Annual
Expenditures
25.4%
25.9%
27.3%
26.4%
23.6%

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

$50,000
September 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 September are 8.2% 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

September
YTD
Annual
Expenditures Expenditures *
264,946
992,648
292,087
1,082,562
352,296
1,230,311
338,552
1,264,947
345,937
1,321,130

Public Safety
% of Annual
Expenditures
26.7%
27.0%
28.6%
26.8%
26.2%

$1,500,000
September 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 September are 2.2% 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
September
YTD
Annual
Expenditures Expenditures *
1,141
23,166
7,863
24,827
6,337
25,006
5,807
24,687
(22)
1,902

Transportation
% of Annual
Expenditures
4.9%
31.7%
25.3%
23.5%
-1.2%

$30,000

* 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

$25,000
September YTD
Expenditures

$20,000
$15,000
$10,000
$5,000
-$5,000

Annual
Expenditures *
21-22

22-23

23-24

24-25

25-26

Better than Expected
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 September 2025 are 100.4% 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

September
YTD
Expenditures
6,892
7,860
8,849
10,709
9,881

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

% of Annual
Expenditures
24.4%
24.2%
23.6%
27.5%
24.7%

$50,000
September 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 September are 7.7% 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
September
YTD
Expenditures
53,800
60,906
70,152
71,018
76,043

Community Enrichment
% of Annual
Expenditures
31.0%
31.9%
31.8%
30.9%
31.4%

$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

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

September 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 September are 7.1%
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

September
YTD
Expenditures
7,920
7,993
12,582
14,996
11,800

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

% of Annual
Expenditures
29.9%
28.2%
43.3%
44.8%
29.2%

$50,000
September 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 September are 21.3% 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

September
YTD
Expenditures
1,394,754
1,509,030
1,578,087
1,586,966
1,502,349

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

% of Annual
Expenditures
31.1%
31.9%
30.0%
28.8%
19.8%

* 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
September 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 September are 5.3% lower than the same period in the prior fiscal year.

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

September
YTD
Expenditures
47,890
84,614
76,132
82,884
82,989

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

% of Annual
Expenditures
20.0%
34.4%
28.8%
28.4%
26.5%

$400,000
September
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 September are 0.1% higher than the same period in the prior fiscal year.

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

September
YTD
Expenditures
11,944
12,753
13,991
13,724
14,160

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

% of Annual
Expenditures
25.4%
25.8%
27.2%
25.6%
25.0%

$80,000
September 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 September are 3.2% 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
September
YTD
Expenditures
330,645
376,428
440,361
426,821
432,677

Public Safety
% of Annual
Expenditures
26.9%
27.8%
29.6%
27.7%
26.4%

$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

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

September 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 September are 1.4% higher than the same period in the prior fiscal year.

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

September
YTD
Expenditures
402,672
391,017
367,092
317,087
270,629

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

% of Annual
Expenditures
50.5%
49.3%
43.0%
34.6%
25.2%

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

September
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 September are 14.7% 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

September
YTD
Expenditures
56,056
61,478
77,491
84,899
86,864

Community Development
Annual
Expenditures *
227,960
270,479
327,281
332,866
436,543

% of Annual
Expenditures
24.6%
22.7%
23.7%
25.5%
19.9%

$500,000
September 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 31.1% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through September are 2.3%
higher than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
September
YTD
Expenditures
124,178
143,375
174,557
162,732
162,487

Community Enrichment
% of Annual
Expenditures
29.5%
31.8%
36.8%
34.2%
32.6%

$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

Annual
Expenditures *
420,501
450,218
474,707
475,390
499,159

September 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 5.0% over fiscal year 2024-25 actuals in total operating expenditures. Actual expenditures through September are
0.2% lower than the same period in the prior fiscal year.

Environmental Services
September
YTD
Expenditures
212,806
220,285
250,970
246,044
259,218

Environmental Services
% of Annual
Expenditures
28.3%
26.5%
28.0%
27.6%
25.4%

$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

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

September 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 September are 5.4% 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

September
YTD
Expenditures
32,855
109,353
34,000
34,308
35,714

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

Citywide Debt Service
% of Annual
Expenditures
25.1%
52.6%
25.0%
24.0%
23.9%

$240,000
September 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

Expected
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 September 2025 are
4.1% 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

$ 1,842,175

$

109,819

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

$ 1,528,407

$

190,756

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)

$

$

28,583

6,636

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

38,480

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)

$

$

369,656

10,968

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)

$

$

770,317

85,426

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

September 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

September
YTD
Revenues
318,115
361,278
425,035
414,274
432,992

22-23

23-24

24-25

25-26

Annual
% of Annual
Revenues* Revenues
1,508,526
21.1%
1,695,886
21.3%
1,905,441
22.3%
1,845,963
22.4%
1,936,858
22.4%

* 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 September are 4.5% 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
(61)
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
493
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
(42)
(19)
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

Sept
41,516
46,739
61,764
79,085
83,526
68,455

Nov

YTD thru
September
147,369
157,586
168,019
196,572
206,112
200,056

Dec

Jan

Feb

Mar

Apr

May

June

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
Better than Expected
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 September is 3.0%
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 September fiscal year 2025-26 Local Sales Tax revenues increased 4.9% 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

Aug

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

Fiscal Year

July

Aug

Sept

YTD thru
September

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

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

16,285
22,937
21,440
17,301
16,344
21,005

60,948
66,423
70,222
68,913
70,223
71,804

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

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

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

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

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

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

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

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

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

Year to Date Performance Status
Monitor and Consider Taking Action
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 September is 2.2% 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.
Through September fiscal year 2025-26 State Sales Tax revenues increased 1.9% 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

Sept
6,363
6,274
6,936
6,103
6,441
7,052

YTD thru
September
22,144
22,839
23,706
24,457
25,456
25,583

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
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 September is 0.5%
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 September fiscal year 2025-26 Vehicle License Tax revenues increased 4.1% 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

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

Sept

Sept
185,901
211,185
274,616
270,399
265,506
278,039

Oct

Nov

YTD thru
September
534,644
565,792
668,224
711,084
749,758
726,586

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

Apr

May

June

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

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 September are 3.2% 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 September fiscal year 2025-26 Governmental Funds revenues increased 5.4% 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

YTD thru
September
Sept
28,302
98,982
34,042
83,467
42,615
132,600
51,046
153,601
55,029
166,749
42,882
128,820

Dec

Jan

Feb

Mar

Apr

May

June

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 September is 29.4% 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 September fiscal year 2025-26 Aviation Operating revenues increased 8.6% 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

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

Oct

Nov

YTD thru
Sept
September
47,181
147,816
53,259
163,363
59,303
198,786
65,421
204,656
72,461
229,905
77,254
245,186

Dec

Jan

Feb

Mar

Apr

May

June

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
September 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 September fiscal year 2025-26 Water Operating revenues increased 12.3% 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

Fiscal Year

July

Aug

Sept

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

26,947
19,029
26,911
28,044
29,243
28,763

Nov

YTD thru
September
70,929
60,073
67,616
82,555
83,022
80,128

Dec

Jan

Feb

Mar

Apr

May

June

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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
September is 3.6% 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 September fiscal year 2025-26 Wastewater Operating revenues increased 0.6% 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 SEPTEMBER 30
(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

206,112 $
244

196,572
369

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

70,223
81,532
25,456
(42)
424
203

68,913
87,754
24,457
709
712
(77)

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

2,266
199
3,315
169
1,717
449
2,643

2,181
235
1,543
169
2,017
346
2,465

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

21,984
109
5,078
8,198
2,712

10,263
243
3,590
9,079
2,736

1,936,858

19

$

$

432,992

$

414,274

General Fund Expenditures
As of SEPTEMBER 30
(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

$

680 $
1,675
3,367
30,853
1,879
950
8,196
648
1,837
10,579
1,306
7,683
1,298
70,951

696
1,338
3,141
31,405
1,719
1,144
8,353
995
1,973
11,593
1,424
8,881
1,493
74,153

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

39,759
7,087
46,847

9,706
1,329
11,035

10,606
1,417
12,023

Public Safety
Police
Fire
Total Public Safety

799,844
521,286
1,321,130

218,015
127,922
345,937

210,914
127,637
338,552

Transportation
Street Transportation
Total Transportation

1,902
1,902

(22)
(22)

5,807
5,807

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

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

2,837
4,982
1,519
542
9,881

2,897
5,923
1,762
127
10,709

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

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

42,342
18,455
8,876
6,371
76,043

40,419
16,959
8,562
5,078
71,018

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

37,367
2,402
666
40,435

11,113
452
236
11,800

14,401
331
264
14,996

Capital Improvement

74,167

5,766

11,009

Vacancy Savings

(20,000)

-

-

Contingencies

200,561

-

-

531,392 $

538,266

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 SEPTEMBER 30
(dollars in thousands)

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

Budget
Estimate
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

$

206,112 $
244

196,572
369

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

70,223
81,532
25,456
(42)
424
203
2,465
3,315
169
1,717
449
2,643
27,172
8,198
2,712

68,913
87,754
24,457
709
712
(77)
2,416
1,543
169
2,017
346
2,465
14,095
9,079
2,736

1,936,858

432,992

414,275

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

13,670
24,132
14,374
2,200
98,528
218
39,204
1,755
5,917
42,011
14,266
1,029
(5,786)
65,268
(19)

12,847
36,300
14,434
2,116
97,405
313
27,560
2,089
6,237
40,548
15,175
978
(4,712)
44,927
593

2,117,541

316,767

296,810

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

166,749
25,643
229,905
83,022
55,933

153,601
26,549
204,656
82,555
54,748

2,144,957

561,252

522,110

6,199,357

21

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

$ 1,311,011 $ 1,233,195

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

Source
General Government
General Funds
Other Funds
Total General Government

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

Budget
2025-2026

70,951 $
12,038
82,989

74,153
8,731
82,884

46,847
9,717
56,564

11,035
3,125
14,160

12,023
1,701
13,724

Public Safety
General Funds
Other Funds
Total Public Safety

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

345,937
86,740
432,677

338,552
88,269
426,821

Transportation
General Funds
Other Funds
Total Transportation

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

(22)
270,651
270,629

5,807
311,280
317,087

Community Development
General Funds
Other Funds
Total Community Development

39,949
396,594
436,543

9,881
76,983
86,864

10,709
74,190
84,899

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

241,870
257,289
499,159

76,043
86,444
162,487

71,018
91,714
162,732

Environmental Services
General Funds
Other Funds
Total Environmental Services

40,435
981,026
1,021,461

11,800
247,418
259,218

14,996
231,048
246,044

149,538
149,538

35,714
35,714

34,308
34,308

74,167
2,258,631
2,332,798

5,766
151,844
157,610

11,009
207,458
218,467

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

531,391
970,957
1,502,349 $

$

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

$

$

538,267
1,048,699
1,586,966

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
SEPTEMBER 30
2025
2024

Budget
Estimate
2025-2026

Source

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

General Funds
$

83,525,541
569
83,526,110

$

79,084,910
98,590

Local Taxes:
Sales Taxes
Privilege License Fees

$

839,047,577
1,837,786

$

206,111,835
244,085

$

196,572,191
368,803

79,183,500

Total Local Taxes

840,885,363

206,355,920

196,940,994

16,343,742
27,177,319
6,441,058

17,301,038
29,251,332
6,102,586

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

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

70,223,116
81,531,957
25,455,835

68,912,740
87,753,996
24,456,504

49,962,119

52,654,956

681,950,000

177,210,908

181,123,240

299,424

679,162

Primary Property Tax

222,719,000

(42,497)

708,871

128

229,742

Licenses and Permits

2,937,000

424,200

711,771

-

-

Cable Communications

5,472,000

203,138

(76,848)

722,596
61,681

640,010
65,255

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,524,280
1,005,000

2,266,309
198,753

2,180,978
235,417

784,277

705,265

9,529,280

2,465,062

2,416,395

1,765,424

275,939

Police

17,176,735

3,315,398

1,543,140

Total State Shared Taxes

Total Municipal Court

14,187

23,093

Library Fees

413,349

169,135

169,229

669,814

474,183

Parks and Recreation

8,664,806

1,716,825

2,016,622

192,367

100,987

Planning and Development

1,836,000

448,681

346,328

792,067

753,778

Street Transportation

8,325,700

2,642,936

2,464,556

6,287,180
89,399
724,875

3,354,791
95,555
328,155

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

21,983,956
109,433
5,078,429

10,262,757
242,738
3,589,653

7,101,454

3,778,501

89,001,576

27,171,818

14,095,148

2,652,633

2,857,809

25,810,778

8,198,435

9,079,272

751,987

885,386

148,511,991

142,602,301

Total Fire
Interest
Other Fees and Service Charges
Total General Funds

22,136,818

2,712,245

2,736,360

1,936,858,405

432,992,204

414,275,078

Special Revenue and Debt Service Funds
3,885,929
277,706
1,387,551
159,264

3,644,274
260,305
1,301,527
63,787

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

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

9,291,760
664,062
3,317,756
396,258

8,841,643
631,546
3,157,730
215,593

5,710,450

5,269,893

Total Neighborhood Protection

64,717,096

13,669,836

12,846,512

9,929,185
2,862,539
95,191

13,008,252
4,949,898
118,154

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

19,535,726
4,266,686
329,300

26,796,047
9,089,301
414,645

12,886,915

18,076,304

164,115,472

24,131,712

36,299,993

5,902,060

5,699,384

68,469,515

14,374,222

14,434,139

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
SEPTEMBER 30
2025
2024
$

607,684
410,448
29,764
66,689

$

Budget
Estimate
2025-2026

Source

426,887
281,670
26,046
86,067

Golf Courses:
Fees
Concessions
Interest
Other

$

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

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

1,160,343
825,497
94,459
120,118

$

1,048,728
808,942
83,735
174,915

1,114,585

820,670

Total Golf Courses

14,069,602

2,200,417

2,116,320

36,349,340
2,650,638

35,553,386
2,529,481

Transportation 2050:
Sales Taxes
Interest/Other

439,091,041
53,519,629

89,052,698
9,475,039

86,464,580
10,939,967

38,999,978

38,082,867

492,610,670

98,527,737

97,404,547

Court Awards

5,074,589

218,292

312,639

Planning and Development

84,032,481

39,203,521

27,560,375

Capital Construction

7,814,039

1,754,853

2,089,283

Sports Facilities:
Sales Taxes
Interest/Other

32,810,161
6,655,434

4,855,032
1,062,397

5,142,439
1,094,756

290,026

-

Total Transportation 2050

6,136,562

5,539,442

727,101

780,638

1,850,975
358,002

1,915,444
364,340

2,208,977

2,279,784

Total Sports Facilities

39,465,595

5,917,429

6,237,195

13,882,326
588,527
33,384

13,315,524
602,220
29,904

Highway User Revenue:
Highway User Revenue
Interest
Other

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

39,464,552
1,762,515
783,481

38,082,162
1,865,236
600,900

14,504,237

13,947,648

173,276,031

42,010,548

40,548,298

4,762,612

3,646,911

Regional Transit Revenues

67,216,586

14,266,385

15,174,801

636,439

227,398

Community Reinvestment

11,503,690

1,028,884

978,239

888,272

(1,403,790)

Other Restricted Fees

60,070,640

(5,785,776)

(4,712,094)

197,419
14,818,049
461,612

160,938
15,212,836
848,553

Grants:
Public Housing:
Rentals
Grants
Other

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

639,566
39,854,617
15,472,809

837,575
48,782,542
5,236,309

15,477,080

16,222,327

297,473,208

55,966,992

54,856,426

3,071,459
166,506
27,105
3,291,724

2,973,518
10,503,388
636,995
4,059,917

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

5,504,502
(16,601,096)
180,248
20,216,925

5,533,281
(31,970,574)
(113,303)
16,621,101

6,556,794

18,173,818

Total Other

424,390,896

9,300,579

(9,929,495)

22,033,874

34,396,145

Total Grants

721,864,104

65,267,571

44,926,931

192,047
-

433,460
-

143,241,188
-

(19,499)
-

465,343
127,189

192,047

433,460

143,241,188

(19,499)

592,532

116,994,135

127,796,754

2,117,541,298

316,766,132

296,809,710

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
SEPTEMBER 30
2025
2024

Budget
Estimate
2025-2026

Source

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

Enterprise Funds
AVIATION:
$

12,923,343 $
37,992,499
2,554,731
236,957
291,774
418,288
610,874

12,417,046
34,534,966
2,379,048
382,122
324,365
364,876
643,512

55,028,466

51,045,935

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

$

39,196,718
115,284,196
7,642,915
625,222
914,112
1,212,631
1,872,841

$

36,915,266
104,673,977
7,127,028
798,817
975,603
1,155,024
1,955,288

663,360,946

166,748,635

153,601,003

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

17,436,180
6,264,240
1,942,894

17,845,289
6,827,975
1,876,206

143,487,726

25,643,314

26,549,470

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

217,477,042
673,423
5,243,003
3,593,475
292,560
3,466,823
(841,456)

192,102,756
653,776
4,136,224
3,488,385
883,590
3,380,198
10,910

782,974,381

229,904,870

204,655,839

CONVENTION CENTER:
7,466,614
1,934,898
646,359

7,598,162
2,101,912
626,961

10,047,871

10,327,035

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

66,277,704
194,154
376,951
1,669,524
60,240
1,179,406
2,702,982

61,783,264
201,357
460,773
1,241,751
325,920
984,454
423,602

72,460,961

65,421,121

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

22,558,205
2,650,641
50,340
1,215,442
2,768,066

21,157,425
2,109,384
307,950
1,265,695
3,203,606

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

67,847,582
5,892,658
266,040
3,747,538
5,267,820

63,772,330
6,992,364
837,450
3,869,600
7,083,425

29,242,694

28,044,060

Total Wastewater

338,781,878

83,021,638

82,555,169

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

48,247,347
4,031,979
628,432
3,025,598

46,890,935
4,009,907
529,882
3,317,591

216,352,201

55,933,356

54,748,315

2,144,957,132

561,251,813

522,109,796

SOLID WASTE:

$

16,093,063
1,433,509
210,154
1,547,048

15,643,413
1,560,608
175,815
986,342

19,283,774

18,366,178

186,063,766

173,204,329

451,569,892

$

443,603,384

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

$

25

6,199,356,835

$

1,311,010,149

$

1,233,194,584

Citywide Operating Expenditures by Program
For the Month Ended
SEPTEMBER 30
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
$

229,707 $
617,299
1,504,391
9,419,572
284,227
325,984
307,604
3,089,027
234,675
571,630
3,103,874
375,208
12,014
401,794
5,193,158
307,680

246,269
490,116
1,519,426
8,014,616
370,422
361,324
408,074
2,624,458
415,243
524,280
1,735,804
284,384
13,624
543,901
5,315,321
932,676

25,977,844

23,799,938

$
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

$

680,174
1,675,129
4,052,570
33,987,252
596,043
1,878,589
1,233,079
8,650,825
648,013
1,837,112
10,625,629
845,990
42,831
1,306,452
13,018,630
1,910,942

$

695,907
1,337,575
4,422,735
33,913,736
691,509
1,741,375
1,277,040
8,781,794
995,190
1,972,746
11,638,028
1,023,212
41,271
1,423,866
13,500,117
(572,546)

$

680,174
1,675,129
4,052,570
31,069,145
596,043
1,878,589
1,233,079
8,650,825
648,013
1,837,112
10,579,313
845,990
42,831
1,306,452
8,871,298
1,910,942

$

2,918,107
46,316
4,147,332
-

312,721,269

82,989,260

82,883,557

75,877,505

7,111,755

49,477,122
7,087,352

12,831,371
1,328,996

12,306,584
1,417,040

11,223,669
1,328,996

1,607,702
-

56,564,474

14,160,367

13,723,624

12,552,665

1,607,702

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

279,541,800
153,135,288

274,110,073
152,710,864

278,766,005
151,088,939

775,794
2,046,348

1,638,372,429

432,677,087

426,820,937

429,854,945

2,822,143

Criminal Justice
3,993,934
569,329

4,260,324
565,313

4,563,263

4,825,637

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

90,964,749
56,175,760

81,536,156
48,015,074

147,140,509

129,551,229

Police
Fire

Total Public Safety
Transportation

(13,628,728)
356,237
38,074,034
69,514,512

8,691,562
110,158
36,119,442
64,379,163

Street Transportation
Street Lighting
Aviation
Public Transit

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

12,628,171
3,357,355
111,721,329
142,922,074

36,032,122
4,041,464
115,419,913
161,593,437

9,433,279
3,357,355
89,758,836
142,922,074

3,194,891
21,962,494
-

94,316,055

109,300,325

Total Transportation

1,075,171,774

270,628,929

317,086,936

245,471,544

25,157,385

Community Development
9,237,456
14,552,228
1,695,713
3,057,282

7,725,816
14,571,427
1,488,973
3,062,096

Planning and Development
Housing
Economic Development
Neighborhood Services Department

102,661,363
247,257,920
22,502,562
64,121,103

24,358,752
43,589,758
9,839,956
9,076,014

25,888,851
42,017,787
7,815,284
9,176,687

24,358,752
43,589,758
8,905,333
9,076,014

934,623
-

28,542,679

26,848,312

Total Community Development

436,542,948

86,864,480

84,898,608

85,929,857

934,623

160,269,567
52,483,542
102,033,677
13,546,539
153,060,910
8,660,121
9,104,434

48,182,446
18,971,132
42,391,878
3,386,905
40,644,445
5,377,711
3,532,393

46,477,451
17,271,778
41,160,772
3,390,189
45,593,930
5,910,148
2,928,226

48,082,063
18,971,132
37,266,766
40,583,519
5,377,711
3,532,393

100,383
5,125,113
3,386,905
60,926
-

499,158,790

162,486,912

162,732,493

153,813,585

8,673,327

Community Enrichment
14,434,706
6,960,559
4,884,050
1,129,448
13,083,641
138,448
1,562,186

12,585,738
5,096,822
11,589,130
1,129,823
14,706,544
81,154
1,130,196

42,193,039

46,319,406

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
SEPTEMBER 30
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
$

45,703,645 $
19,052,225
16,920,005
5,518,903
323,497
107,830

30,874,695
15,111,610
15,388,684
2,877,974
376,928
93,315

87,626,105

64,723,206

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

$

137,055,466
59,201,956
47,732,257
14,161,320
780,260
286,871

$

114,043,510
55,632,784
57,562,706
17,300,677
1,169,348
335,037

$

98,610,322
43,817,202
45,706,585
11,125,680
780,260
286,871

$

38,445,144
15,384,754
2,025,671
3,035,640
-

1,021,460,646

259,218,130

246,044,062

200,326,920

58,891,209

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

2,739,327
613,983
112,428
4,006,617
735,444
286,177
21,463
603,309
2,054,419
130,606
4,658,509
5,416,672
472,818
271,858
43,700
8,119,733
5,342,243
3,900
80,357

1,359,424
7,278,853
76,471
1,981,795
166,981
768,515
185,773
4,099,040
1,522,553
118,169
6,369,829
3,343,311
189,127
271,858
1,112,623
150,000
2,219,100
3,006,324
7,950
80,357

2,739,327
613,983
112,428
4,006,617
735,444
286,177
21,463
584,517
2,054,419
130,606
4,658,509
5,416,672
472,818
271,858
43,700
8,119,733
5,342,243
3,900
80,357

18,792
-

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

603,391
2,426,284
55,471
752,848
55,660
262,138
67,648
1,366,347
519,038
39,390
2,261,927
1,186,540
189,127
90,619
1,112,623
50,000
739,700
1,091,291
2,650
26,786

11,907,069

12,899,480

Total Debt Service

149,537,514

35,713,562

34,308,054

35,694,770

18,792

48,814,154

39,037,272

Capital Improvement

2,332,797,752

157,609,905

218,467,462

157,609,905

-

-

-

Non-Departmental Grants

65,000,000

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

293,561,222

-

-

-

-

491,080,718 $

457,304,803

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

1,502,348,631

$

1,586,965,733

$

1,397,131,695

$

105,216,935

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 $
37,849,344
1,250,000
81,515,807
59,335,129
16,486,920
175,662,988
17,173,242
65,065,430
8,583,943
2,180,263
236,224,924
154,594,235
19,079,304
45,400,542
411,627,255
8,192,398
490,780,877

$
670,563
4,552,823
8,521,135
180,122
5,542,505
493,897
13,572,763
110,071
18,491
22,742,452
12,222,396
593,496
419,196
3,330,382
1,995
27,328,517

(931,246)
15,375,559
2,392,922
4,689,065
6,497,976
9,433,240
3,668,981
780,786
53,352
24,003,188
32,416,657
16,948
1,060,739
8,531,362
47,224
48,133,342

$

$
12,349,344
1,250,000
35,118,756
5,587,254
5,000,000
127,477,359
15,198,212
53,400,927
1,917,491
2,180,263
11,664,281
107,070,627
14,315,586
411,627,255
2,192,398
259,188,843

670,563
2,465,329
236,920
543
5,145,651
277,313
1,914,860
55,518
18,491
1,238,312
11,660,690
175,795
3,330,382
1,995
13,373,737

$

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

2,087,494
8,284,214
179,579
396,854
216,584
11,657,903
54,553
21,504,140
561,706
593,496
243,402
13,954,780

$

902,484
37,178,781
1,250,000
76,962,984
50,813,994
16,306,798
170,120,483
16,679,345
51,492,667
8,473,872
2,161,772
213,482,472
142,371,839
18,485,808
44,981,346
408,296,873
8,190,403
463,452,360

$

1,842,174,676 $

109,819,008 $

156,170,095

$

1,075,808,187 $

50,084,302

$

766,366,489 $

59,734,707

$

1,732,355,668

$

$

1,528,406,564
28,582,878
63,121,060
369,655,740
770,316,612
2,760,082,854

$

4,602,257,530

$

$

190,755,661
6,636,203
38,480,084
10,967,868
85,426,405
332,266,222

$

442,085,230

$

$

221,154,897
3,444,730
10,110,411
318,624,935
21,287,413
574,622,385

633,424,395
16,601,500
8,098,319
212,433,336
386,432,015
$ 1,256,989,565

46,344,736
6,191,484
14,459,800
10,704,931
29,824,652
$ 107,525,603

$

730,792,479

$ 2,332,797,752

$ 157,609,905

28

$

$

$

$

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

$

2,269,459,778

$

$

144,410,925
444,719
24,020,284
262,937
55,601,754
224,740,619

$

$

1,337,650,903
21,946,675
24,640,976
358,687,872
684,890,207
2,427,816,632

$

284,475,325

$

4,160,172,300

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

Sold

Available

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

$

Total 2023 Authorizations

214,000
108,615

$

88,900
42,500

$

125,100
66,115

114,385
63,000

74,300
44,300

40,085
18,700

500,000

250,000

250,000

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

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

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

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

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

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

2,689,750

2,537,395

152,355

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

Total Bond Program

29

3,189,750

$

2,787,395

$

402,355