October 2025
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

October 31, 2025
To the Mayor and City Council:
This is the City's Financial Report for October, the fourth 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 17, 2026

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) October 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
October 2025
Table of Contents
Expenditures by Programs

Page

Performance Status

General Fund Expenditures
General Fund Total Expenditures

1

Better than Expected

General Government

1

Better than Expected

Criminal Justice

1

Better than Expected

Public Safety

2

Monitor and Consider Taking Action

Transportation

2

Better than Expected

Community Development

2

Better than Expected

Community Enrichment

3

Monitor and Consider Taking Action

Environmental Services

3

Better than Expected

Citywide Total Operating Expenditures

4

Better than Expected

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

Community Development

5

Better than Expected

Community Enrichment

6

Better than Expected

Environmental Services

6

Better than Expected

General Obligation Debt Service

6

Better than Expected

Citywide Expenditures

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Page

Performance Status

General Fund Total Operating Revenue

10

Expected

Property Tax

11

Expected

Local Sales Tax

12

Monitor and Consider Taking Action

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Expected

Governmental Funds

15

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

October YTD
Annual
Expenditures Expenditures *
548,182
1,470,251
559,433
1,623,808
671,210
1,844,878
682,526
1,936,514
697,779
2,012,994

Total General Fund
% of Annual
Expenditures
37.3%
34.5%
36.4%
35.2%
34.7%

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

$2,500,000
October 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 October are 2.2% higher 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

October YTD
Expenditures
61,716
66,271
80,940
93,421
89,799

General Government
Annual
% of Annual
Expenditures * Expenditures
38.1%
161,907
34.7%
190,945
36.0%
224,802
37.6%
248,524
36.4%
246,694

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

$300,000
$250,000

October 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 October are 3.9% lower than the same period in fiscal year 2024-25. The decrease is in Information Technology.

General fund expenditures increased 10.6% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 17.7% from 2023-24 over 2022-23 and an increase of 17.9%
from 2022-23 over 2021-22 fiscal results.

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

Criminal Justice

October YTD
Expenditures
13,123
14,103
15,478
15,733
15,183

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

% of Annual
Expenditures
32.8%
33.3%
35.5%
34.5%
32.4%

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

$50,000
October 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 October are 3.5% 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
October YTD
Annual
Expenditures Expenditures *
330,301
992,648
369,261
1,082,562
447,763
1,230,311
435,229
1,264,947
461,847
1,321,130

% of Annual
Expenditures
33.3%
34.1%
36.4%
34.4%
35.0%

$1,500,000
October 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

Monitor and Consider Taking Action

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 October are 6.1% higher than the same period in fiscal year 2024-25.
General fund public safety expenditures increased 2.8% in fiscal year 2024-25 over fiscal year 2023-24. This followed an increase of 13.6% from 2023-24 over 2022-23 and an increase
of 9.1% from 2022-23 over 2021-22 fiscal results.

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

Transportation

October YTD
Expenditures
8,094
9,923
6,363
7,951
207

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

% of Annual
Expenditures
34.9%
40.0%
25.4%
32.2%
10.9%

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

$30,000
$25,000

October YTD
Expenditures

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

Annual
Expenditures *

$5,000
$0
21-22

Better than Expected

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 October 2025 are 97.4% 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

October YTD
Expenditures
9,013
9,950
13,062
14,037
13,633

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

% of Annual
Expenditures
31.9%
30.7%
34.8%
36.0%
34.1%

$50,000
October 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 October are 2.9% 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
% of Annual
Expenditures
37.9%
39.4%
39.3%
38.2%
38.8%

$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

October YTD
Expenditures
65,880
75,137
86,749
87,959
93,733

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

October 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 October are 6.6%
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

October YTD
Expenditures
10,830
9,573
13,384
16,845
14,241

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

% of Annual
Expenditures
40.9%
33.8%
46.0%
50.3%
35.2%

$50,000
October 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 October are 15.5% 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

October YTD
Expenditures
1,785,763
1,818,503
1,948,957
1,986,132
1,975,900

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

% of Annual
Expenditures
39.8%
38.4%
37.1%
36.0%
26.0%

* For prior years -- total actual expenditures; for current year -- total approved
budget net of adjustments for contingencies and use of the early redemption
fund.

$8,000,000
October 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 October are 0.5% lower than the same period in the prior fiscal year.

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

October YTD
Expenditures
66,219
93,816
91,552
103,739
105,435

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

% of Annual
Expenditures
27.7%
38.1%
34.7%
35.6%
33.7%

$400,000
October 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 October are 1.6% higher than the same period in the prior fiscal year.

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

October YTD
Expenditures
15,464
16,449
18,228
17,998
19,521

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

% of Annual
Expenditures
32.9%
33.3%
35.4%
33.6%
34.5%

$80,000
October 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 October are 8.5% 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
33.5%
34.9%
37.4%
35.7%
34.9%

$2,000,000

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

$0

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

October YTD
Expenditures
411,464
472,338
556,009
550,260
571,294

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

October 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 October are 3.8% higher than the same period in the prior fiscal year.

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

Transportation

October YTD
Expenditures
460,730
438,721
416,772
367,254
384,949

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

% of Annual
Expenditures
57.8%
55.3%
48.8%
40.1%
35.8%

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

October 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 October are 4.8% higher than the same period
in the prior fiscal year. Fiscal year 2021-22 financial results included a $70 million pension paydown.

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

October YTD
Expenditures
74,042
83,547
105,535
112,290
115,063

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

% of Annual
Expenditures
32.5%
30.9%
32.2%
33.7%
26.4%

$500,000
October 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 October are 2.5%
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

Community Enrichment
% of Annual
Expenditures
36.3%
39.4%
43.4%
41.3%
39.1%

$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

October YTD
Expenditures
152,774
177,354
206,148
196,256
194,946

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

October 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 October are 0.7%
lower than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
38.3%
34.4%
36.4%
37.4%
33.8%

$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

October YTD
Expenditures
288,056
285,805
326,341
333,100
344,975

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

October 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 October are 3.6% 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

October YTD
Expenditures
43,807
120,380
45,333
47,091
47,621

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

Citywide Debt Service
% of Annual
Expenditures
33.4%
57.9%
33.3%
33.0%
31.8%

$240,000
October 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

Better than 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 October 2025 are 1.1%
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

$ 1,838,985

$

140,056

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

$

310,841

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

6,986

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

38,150

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

23,236

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

106,737

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

October 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

October
YTD
Revenues
436,564
522,896
595,385
556,783
585,262

22-23

23-24

24-25

25-26

Annual
% of Annual
Revenues* Revenues
1,508,526
28.9%
1,695,886
30.8%
1,905,441
31.2%
1,845,963
30.2%
1,936,858
30.2%

* 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 October are 5.1% higher than the same period in the prior fiscal year. Specific revenue sources are discussed on the
following pages.

10

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

Property Taxes Primary & Secondary
360,000
320,000

240,000

143,241

137,459

280,000

131,014

126,148

119,973

Secondary

200,000

Primary

160,000
120,000

222,719

213,583

206,393

201,050

192,215
80,000
40,000

11,725
18,206

21-22

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

Total
312,188
327,198
337,407
351,042
29,931
365,961

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

22-23

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

23-24

Oct
24,048
29,752
28,607
28,644
29,992
31,349

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

24-25

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
18,206
11,725
222,719
143,241

Note: Monthly budget amount for 25-26 is the average % of last 3 fiscal years of the total actual amount.

Year to Date Performance Status
Expected
Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart
for property tax revenues is presented with an annual perspective.
Total property tax revenues are budgeted to increase 4.2% in fiscal year 2025-26 over fiscal year 2024-25 actuals.

11

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

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

21-22 Actuals
22-23 Actuals

50,000

23-24 Actuals

40,000

24-25 Actuals
25-26 Actuals

30,000

25-26 Budget

20,000
10,000
July

Aug

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

Fiscal Year

July

Aug

Sept

Oct

YTD thru
October

Nov

Dec

Jan

Feb

Mar

Apr

May

June

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

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

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

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

50,734
81,273
77,291
42,062
51,674
75,105

198,103
238,859
245,310
238,634
257,786
275,161

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

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

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

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

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

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

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

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 October is 6.3%
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 October fiscal year 2025-26 Local Sales Tax revenues increased 8.0% 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

Oct

YTD thru
October

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

18,259
18,918
17,613
20,802
25,152
20,367

79,207
85,341
87,835
89,715
95,375
92,171

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
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 October is 3.5% higher than budget
expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are based on an allocation of the annual budget. Monthly budget
amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual revenue.

Through October fiscal year 2025-26 State Sales Tax revenues increased 6.3% 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

Oct
6,970
6,676
6,283
6,630
7,190
7,294

YTD thru
October
29,114
29,515
29,989
31,087
32,646
32,877

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 October is 0.7% 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 October fiscal year 2025-26 Vehicle License Tax revenues increased 5.0% compared to the same period in prior year. For the fiscal year 2024-25 Vehicle License Tax
for the full year increased 4.7% over fiscal year 2023-24. Fiscal year 2023-24 increased 4.0% over 2022-23 full year results.

14

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

Governmental Funds Revenues
Budget vs Actual
600,000

500,000

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

400,000

24-25 Actuals
25-26 Actuals

300,000

25-26 Budget

200,000

100,000

-

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

July

Aug

Sept

Oct

Nov

Dec

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

Oct
231,638
288,507
297,125
267,445
296,357
320,512

YTD thru
October
766,282
854,299
965,349
978,529
1,046,115
1,047,098

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
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 October are 0.1% 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 October fiscal year 2025-26 Governmental Funds revenues increased 6.9% 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

Sept
28,302
34,042
42,615
51,046
55,029
42,882

Oct
31,904
41,419
49,373
52,592
54,627
48,182

YTD thru
October
130,886
124,886
181,973
206,193
221,376
177,002

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 October is 25.1% 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 October fiscal year 2025-26 Aviation Operating revenues increased 7.4% 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

Sept

Oct

YTD thru
October

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

47,181
53,259
59,303
65,421
72,461
77,254

39,257
44,825
53,644
61,358
63,021
68,306

187,073
208,188
252,430
266,014
292,926
313,492

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 October is 6.6% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2025-26 monthly budget amounts are
based on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2021-22 through fiscal year 2024-25 actual
revenue. 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 October fiscal year 2025-26 Water Operating revenues increased 10.1% 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

Sept

Oct

YTD thru
October

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

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

18,312
22,401
22,957
28,305
29,224
26,211

89,241
82,474
90,573
110,860
112,246
106,339

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
October is 5.6% 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 October fiscal year 2025-26 Wastewater Operating revenues increased 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 OCTOBER 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

257,786 $
831

238,634
469

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

95,375
108,709
32,646
18,206
828
203

89,715
117,005
31,087
18,099
888
(77)

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

2,970
259
4,794
215
2,048
630
3,281

2,886
300
3,341
204
3,312
461
2,825

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

27,258
177
9,232
10,801
9,012

16,970
294
8,682
11,896
9,795

1,936,858

19

$

$

585,262

$

556,783

General Fund Expenditures
As of OCTOBER 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

$

922 $
2,274
4,844
37,160
2,229
1,225
11,196
1,324
2,185
13,451
1,689
9,446
1,853
89,799

894
1,798
4,247
37,895
2,053
1,439
10,872
1,226
2,329
14,102
1,809
12,865
1,891
93,421

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

39,759
7,087
46,847

13,284
1,899
15,183

13,743
1,990
15,733

Public Safety
Police
Fire
Total Public Safety

799,844
521,286
1,321,130

295,631
166,216
461,847

269,380
165,849
435,229

Transportation
Street Transportation
Total Transportation

1,902
1,902

207
207

7,951
7,951

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

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

4,118
6,807
2,022
685
13,633

3,870
7,662
2,335
171
14,037

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

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

52,383
22,195
12,352
6,803
93,733

50,300
20,039
11,449
6,172
87,959

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

37,367
2,402
666
40,435

13,333
598
310
14,241

16,045
463
337
16,845

Capital Improvement

74,167

9,137

11,351

Vacancy Savings

(20,000)

-

-

Contingencies

200,561

-

-

697,779 $

682,526

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 OCTOBER 31
(dollars in thousands)

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

Budget
Estimate
2025-2026
$

839,048
1,838

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

$

257,786 $
831

238,634
469

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

95,375
108,709
32,646
18,206
828
203
3,229
4,794
215
2,048
630
3,281
36,667
10,801
9,012

89,715
117,005
31,087
18,099
888
(77)
3,185
3,341
204
3,312
461
2,825
25,946
11,896
9,795

1,936,858

585,262

556,784

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

18,336
46,871
19,216
2,897
133,212
218
46,100
2,383
7,883
55,101
18,406
1,323
920
96,263
11,725

16,580
43,986
18,600
2,857
126,770
462
34,992
2,651
8,429
53,509
23,106
1,127
8,116
68,716
11,846

2,117,541

460,854

421,746

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

221,376
36,585
292,926
112,246
74,486

206,193
35,029
266,014
110,860
72,744

2,144,957

737,618

690,839

6,199,357

21

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

$ 1,783,735 $ 1,669,370

Citywide Operating Expenditures
As of OCTOBER 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

89,799 $
15,636
105,435

93,421
10,318
103,739

46,847
9,717
56,564

15,183
4,338
19,521

15,733
2,265
17,998

Public Safety
General Funds
Other Funds
Total Public Safety

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

461,847
109,447
571,294

435,229
115,031
550,260

Transportation
General Funds
Other Funds
Total Transportation

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

207
384,742
384,949

7,951
359,303
367,254

Community Development
General Funds
Other Funds
Total Community Development

39,949
396,594
436,543

13,633
101,430
115,063

14,037
98,253
112,290

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

241,870
257,289
499,159

93,733
101,213
194,946

87,959
108,297
196,256

Environmental Services
General Funds
Other Funds
Total Environmental Services

40,435
981,026
1,021,461

14,241
330,734
344,975

16,845
316,255
333,100

149,538
149,538

47,621
47,621

47,091
47,091

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

9,137
182,959
192,096

11,351
246,793
258,144

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

697,780
1,278,120
1,975,900 $

$

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

$

$

682,526
1,303,606
1,986,132

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
OCTOBER 31
2025
2024

Budget
Estimate
2025-2026

Source

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

General Funds
$

51,674,475
587,076
52,261,551

$

42,061,576
100,144

Local Taxes:
Sales Taxes
Privilege License Fees

$

839,047,577
1,837,786

$

257,786,310
831,161

$

238,633,767
468,947

42,161,720

Total Local Taxes

840,885,363

258,617,471

239,102,714

25,152,229
27,177,320
7,190,253

20,802,086
29,251,332
6,630,673

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

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

95,375,345
108,709,277
32,646,088

89,714,826
117,005,328
31,087,177

59,519,802

56,684,091

681,950,000

236,730,710

237,807,331

18,248,941

17,389,733

Primary Property Tax

222,719,000

18,206,444

18,098,604

403,917

175,731

Licenses and Permits

2,937,000

828,117

887,502

-

-

Cable Communications

5,472,000

203,138

(76,848)

704,746
64,152

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,524,280
1,005,000

2,970,320
258,720

2,885,724
299,569

9,529,280

3,229,040

3,185,293

17,176,735

4,794,055

3,340,951

704,011
59,967
763,978

768,898

1,478,657

1,797,811

Total State Shared Taxes

Total Municipal Court
Police

46,198

35,144

331,280

1,294,941

Library Fees

413,349

215,333

204,373

Parks and Recreation

8,664,806

2,048,105

3,311,563

181,031
638,022

115,051

Planning and Development

1,836,000

629,712

461,379

359,944

Street Transportation

8,325,700

3,280,958

2,824,500

5,273,797
67,360
4,153,545

6,707,138
51,387
5,092,416

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

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

27,257,753
176,793
9,231,974

16,969,895
294,125
8,682,069

9,494,702

11,850,941

2,602,193

2,816,785

Interest

89,001,576

36,666,520

25,946,089

25,810,778

10,800,628

11,896,057

6,299,930

7,058,260

Other Fees and Service Charges

152,270,202

142,509,050

Total Fire

Total General Funds

22,136,818

9,012,175

9,794,620

1,936,858,405

585,262,406

556,784,128

Special Revenue and Debt Service Funds
3,148,205
224,991
1,124,120
169,309

2,568,718
183,480
917,399
63,489

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

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

12,439,965
889,053
4,441,876
565,567

11,410,361
815,026
4,075,129
279,082

4,666,625

3,733,086

Total Neighborhood Protection

64,717,096

18,336,461

16,579,598

15,662,673
6,988,511
87,760

6,019,728
1,558,778
107,922

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

35,198,399
11,255,197
417,060

32,815,775
10,648,079
522,567

22,738,944

7,686,428

164,115,472

46,870,656

43,986,421

4,841,444

4,165,682

68,469,515

19,215,666

18,599,821

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
OCTOBER 31
2025
2024
$

414,604
208,830
29,790
43,731

$

459,105
230,221
26,463
24,817

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
$

1,574,947
1,034,327
124,249
163,849

$

1,507,833
1,039,163
110,198
199,732

696,955

740,606

Total Golf Courses

14,069,602

2,897,372

2,856,926

32,466,981
2,217,112

25,253,914
4,111,165

Transportation 2050:
Sales Taxes
Interest/Other

439,091,041
53,519,629

121,519,679
11,692,151

111,718,494
15,051,132

34,684,093

29,365,079

492,610,670

133,211,830

126,769,626

Court Awards

5,074,589

218,292

461,901

Planning and Development

84,032,481

46,099,692

34,991,569

Capital Construction

7,814,039

2,382,850

2,651,403

Sports Facilities:
Sales Taxes
Interest/Other

32,810,161
6,655,434

6,510,833
1,372,123

6,964,579
1,463,934

-

149,262

Total Transportation 2050

6,896,171

7,431,194

627,997

562,120

1,655,801
309,726

1,822,140
369,178

1,965,527

2,191,318

Total Sports Facilities

39,465,595

7,882,956

8,428,513

12,398,654
626,152
65,626

12,300,444
634,858
25,126

Highway User Revenue:
Highway User Revenue
Interest
Other

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

51,863,206
2,388,667
849,107

50,382,606
2,500,094
626,026

13,090,432

12,960,428

173,276,031

55,100,980

53,508,726

4,140,031

7,931,303

Regional Transit Revenues

67,216,586

18,406,416

23,106,104

293,670

148,552

Community Reinvestment

11,503,690

1,322,554

1,126,791

6,706,090

12,828,016

Other Restricted Fees

60,070,640

920,314

8,115,922

186,820
19,031,036
1,544,345

461,851
8,642,234
2,161,868

Grants:
Public Housing:
Rentals
Grants
Other

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

826,386
58,885,653
17,017,154

1,299,426
57,424,776
7,398,177

20,762,201

11,265,953

297,473,208

76,729,193

66,122,379

4,553,248
1,146,090
3,044,883
1,488,536

5,373,750
3,090,483
243,239
3,816,037

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

10,057,750
(15,455,006)
3,225,131
21,705,461

10,907,031
(28,880,091)
129,936
20,437,138

10,232,757

12,523,509

Total Other

424,390,896

19,533,336

2,594,014

30,994,958

23,789,462

Total Grants

721,864,104

96,262,529

68,716,393

11,744,267
-

11,253,882
-

143,241,188
-

11,724,768
-

11,719,225
127,189

11,744,267

11,253,882

Total G.O. Bond/Secondary Property Tax

143,241,188

11,724,768

11,846,414

144,087,204

124,936,418

Total Special Revenue and Debt Service Funds

2,117,541,298

460,853,336

421,746,128

Total Highway User Revenue

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

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

24

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

Budget
Estimate
2025-2026

Source

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

Enterprise Funds
AVIATION:
$

12,658,414 $
37,753,227
2,624,945
250,809
350,290
369,416
620,134

12,287,510
36,244,092
2,529,656
182,681
300,924
367,173
679,556

54,627,235

52,591,592

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

$

51,855,132
153,037,423
10,267,860
876,031
1,264,402
1,582,047
2,492,975

$

49,202,776
140,918,069
9,656,684
981,498
1,276,527
1,522,197
2,634,844

663,360,946

221,375,870

206,192,595

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

23,728,308
10,253,061
2,603,418

23,231,656
9,248,359
2,549,177

143,487,726

36,584,787

35,029,192

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

268,290,824
870,467
5,813,404
4,729,625
475,620
4,672,443
8,073,371

249,626,034
855,972
4,623,992
4,717,802
1,316,070
4,455,763
417,964

782,974,381

292,925,754

266,013,597

CONVENTION CENTER:
6,292,128
3,988,821
660,524

5,386,367
2,420,384
672,971

10,941,473

8,479,722

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

50,813,782
197,044
570,401
1,136,150
183,060
1,205,620
8,914,827

57,523,278
202,196
487,768
1,229,417
432,480
1,075,565
407,054

63,020,884

61,357,758

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

20,561,014
2,600,498
181,380
1,226,570
4,654,615

21,898,094
2,318,509
418,320
1,317,449
2,352,596

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

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

88,408,596
8,493,156
447,420
4,974,108
9,922,435

85,670,424
9,310,873
1,255,770
5,187,049
9,436,021

29,224,077

28,304,968

Total Wastewater

338,781,878

112,245,715

110,860,137

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

62,850,591
5,843,206
836,063
4,956,378

62,524,553
5,303,363
708,487
4,207,397

216,352,201

74,486,238

72,743,800

2,144,957,132

737,618,364

690,839,321

SOLID WASTE:

$

14,603,244
1,811,227
207,631
1,930,780

15,633,618
1,293,456
178,605
889,806

18,552,882

17,995,485

176,366,551

168,729,525

472,723,957

$

436,174,993

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

$

25

6,199,356,835

$

1,783,734,106

$

1,669,369,577

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

Program

Budget
Estimate
2025-2026

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

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

General Government
$

242,140 $
598,738
1,776,351
7,393,459
301,563
350,043
372,517
3,065,073
676,286
347,609
2,887,288
273,612
12,625
382,885
3,368,467
397,192

198,421
460,392
1,542,733
7,488,539
161,392
316,636
339,972
2,677,162
230,543
356,439
2,524,367
254,492
11,950
385,259
5,549,176
(1,641,614)

22,445,849

20,855,859

$
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

$

922,314
2,273,868
5,828,921
41,380,712
897,606
2,228,632
1,605,596
11,715,898
1,324,299
2,184,721
13,512,917
1,119,601
55,456
1,689,337
16,387,097
2,308,134

$

894,328
1,797,967
5,965,469
41,402,275
852,901
2,058,011
1,617,012
11,458,956
1,225,734
2,329,185
14,162,395
1,277,705
53,221
1,809,124
19,049,293
(2,214,160)

$

922,314
2,273,868
5,828,921
37,448,844
897,606
2,228,632
1,605,596
11,715,898
1,324,299
2,184,721
13,451,162
1,119,601
55,456
1,689,337
10,858,313
2,308,134

$

3,931,868
61,755
5,528,784
-

312,721,269

105,435,109

103,739,416

95,912,702

9,522,407

49,477,122
7,087,352

17,621,418
1,899,325

16,007,497
1,990,013

15,478,175
1,899,325

2,143,243
-

56,564,474

19,520,743

17,997,509

17,377,500

2,143,243

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

374,001,896
197,291,795

347,399,109
202,861,366

372,948,667
194,422,198

1,053,229
2,869,596

1,638,372,429

571,293,690

550,260,475

567,370,865

3,922,825

Criminal Justice
4,790,047
570,328

3,700,913
572,973

5,360,376

4,273,885

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

94,460,096
44,156,507

73,289,035
50,150,503

138,616,603

123,439,538

Police
Fire

Total Public Safety
Transportation

14,145,654
864,479
39,439,598
59,870,048

8,323,859
1,500,340
36,469,294
3,873,790

Street Transportation
Street Lighting
Aviation
Public Transit

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

26,773,825
4,221,833
151,160,927
202,792,122

44,355,980
5,541,804
151,889,207
165,467,227

23,192,969
4,221,833
121,886,789
202,792,122

3,580,856
29,274,139
-

114,319,779

50,167,282

Total Transportation

1,075,171,774

384,948,708

367,254,218

352,093,713

32,854,995

Community Development
7,984,592
14,486,950
2,355,451
3,371,258

7,293,959
15,115,891
2,295,322
2,686,139

Planning and Development
Housing
Economic Development
Neighborhood Services Department

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

32,343,344
58,076,708
12,195,406
12,447,272

33,182,810
57,133,678
10,110,606
11,862,825

32,343,344
58,076,708
10,906,447
12,447,272

1,288,959
-

28,198,250

27,391,311

Total Community Development

436,542,948

115,062,729

112,289,920

113,773,770

1,288,959

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

60,511,295
22,771,591
47,206,767
4,515,633
50,266,527
5,404,085
4,270,422

57,940,096
20,444,922
46,705,673
4,520,012
56,365,164
6,072,466
4,207,608

60,377,451
22,771,591
41,039,036
50,177,928
5,404,085
4,270,422

133,844
6,167,731
4,515,633
88,599
-

499,158,790

194,946,321

196,255,941

184,040,514

10,905,808

Community Enrichment
12,328,849
3,800,459
4,814,889
1,128,728
9,622,082
26,374
738,029

11,462,645
3,173,144
5,544,902
1,129,823
10,771,234
162,318
1,279,382

32,459,409

33,523,447

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
OCTOBER 31
2025
2024

Budget
Estimate
2025-2026

Program

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

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

Environmental Services
$

43,215,483 $
20,894,610
18,048,670
3,230,503
281,793
86,182

48,955,498
20,281,181
14,489,221
2,866,204
377,692
86,467

85,757,240

87,056,263

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

$

180,270,949
80,096,566
65,780,927
17,391,822
1,062,053
373,053

$

162,999,008
75,913,964
72,051,927
20,166,882
1,547,040
421,504

$

127,647,059
59,585,031
63,429,581
13,344,542
1,062,053
373,053

$

52,623,890
20,511,535
2,351,346
4,047,280
-

1,021,460,646

344,975,370

333,100,325

265,441,318

79,534,052

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

3,652,436
818,644
149,905
5,341,739
980,592
381,569
28,617
807,544
2,739,225
174,142
6,211,345
7,222,230
630,424
362,477
58,100
10,826,311
7,122,990
5,200
107,143

1,962,815
9,705,138
131,943
2,734,644
222,642
1,030,653
253,420
5,465,387
2,041,591
157,558
8,631,756
4,529,851
378,254
362,477
34,560
150,000
2,958,800
4,097,615
10,600
107,143

3,652,436
818,644
149,905
5,341,739
980,592
381,569
28,617
779,356
2,739,225
174,142
6,211,345
7,222,230
630,424
362,477
58,100
10,826,311
7,122,990
5,200
107,143

28,187
-

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
(1,078,063)
739,700
1,091,291
2,650
26,786

11,907,069

12,782,572

Total Debt Service

149,537,514

47,620,631

47,090,626

47,592,443

28,187

34,486,352

39,676,183

Capital Improvement

2,332,797,752

192,096,257

258,143,645

192,096,257

-

-

-

Non-Departmental Grants

65,000,000

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

293,561,222

-

-

-

-

473,550,927 $

399,166,342

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

1,975,899,558

$

1,986,132,076

$

1,835,699,082

$

140,200,476

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
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

$
676,245
6,063,159
11,645,733
180,419
6,765,340
545,377
15,303,832
2,444,742
22,312
31,491,564
15,950,837
681,751
1,028,854
3,709,645
149,727
33,878,630

1,198,582
15,677,622
8,687,359
4,689,065
8,919,602
9,772,238
3,872,469
925,173
60,409
30,807,440
39,398,669
243,173
1,264,770
9,590,512
1,183,134
59,334,347

$

$
12,349,344
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

676,245
2,594,388
312,715
543
5,578,613
328,081
3,645,929
261,598
22,312
3,196,338
15,383,372
569,411
3,709,645
149,727
18,507,922

$

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

3,468,770
11,333,018
179,876
1,186,727
217,296
11,657,903
2,183,144
28,295,225
567,465
681,751
459,443
15,370,708

$

902,484
37,173,100
1,250,000
75,452,648
47,689,396
16,306,501
168,897,648
16,627,865
47,261,598
6,139,201
2,157,951
204,733,360
138,643,398
18,397,553
43,681,838
407,917,610
8,042,671
456,902,247

$

1,838,984,826 $

140,056,370 $

195,624,564

$

1,072,618,337 $

64,455,043

$

766,366,489 $

75,601,327

$

1,698,928,456

$

$

1,530,906,564
28,582,878
63,121,060
369,603,724
771,058,478
2,763,272,704

$

4,602,257,530

$

$

310,840,846
6,986,267
38,150,456
23,235,810
106,737,033
485,950,411

$

626,006,781

$

$

223,011,215
5,171,595
10,180,918
348,725,670
31,885,227
618,974,624

635,924,395
16,601,500
8,098,319
212,381,320
387,173,881
$ 1,260,179,415

51,892,420
6,306,743
692,299
19,194,858
49,554,894
$ 127,641,214

$

814,599,189

$ 2,332,797,752

$ 192,096,257

28

$

$

$

$

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

$

2,269,459,778

$

$

258,948,426
679,523
37,458,158
4,040,952
57,182,139
358,309,198

$

$

1,220,065,718
21,596,612
24,970,604
346,367,914
664,321,445
2,277,322,293

$

433,910,524

$

3,976,250,749

Bonds Authorized and Sold
As of OCTOBER 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