Supporting Document (5434a303...)

-T“
Item 13
V
CITY COUNCIl
REPORT
♦
Meeting Date: 
Charter Provision:
Objective:
ACTION
March 24, 2026
Provide for the orderly government and administration of the 
affairs of the City 
Adopt Budgets
Accept the Fiscal Year 2025/26 Monthly Financial Report showing activity through January 
2026.
BACKGROUND
Each month, the city publishes a year-to-date financial summary of the city for the General 
Fund, which also includes the Ambulance Service Fund. Quarterly, the summary is expended to 
include the Transportation Fund, Tourism Development Fund, Enterprise Funds, Fleet 
Management Fund, Fleet Replacement Fund, Risk Management Fund, Healthcare Self Insurance 
Fund, Stadium Facility Fund, and WestWorld Statement of Operations.
The report includes a summary of revenues and expenditures by major categories, highlighting 
significant variances.
The FY 2025/26 budget was adopted June 10, 2025, by Ordinance No. 4670 and No. 4671.
A monthly update comparing General Fund actual results for fiscal year-to-date through 
January 2026 to prior years was sent in an email by the City Treasurer to the City Council on 
February 23, 2026.
ANALYSIS & ASSESSIVIENT
There are no proposed FY 2025/26 budget adjustments or use of contingency requested for the 
January 2026 Monthly Financial Report.
OPTIONS & STAFF RECOIMMENDATION 
Staff recommends the acceptance of the Fiscal Year 2025/26 Monthly Financial Report as of 
January 2026.
Action Taken

City Council Report | ACCEPT JANUARY 2026 FINANCIAL REPORT
RESPONSIBLE DIVISION(S)
City Treasurer
STAFF CONTACT(S)
Scott Selin, Budget Director, (480] 312-2603, sselin@scottsdaleaz.gov
APPROVED BY
Sonia Andrews, City Treasurer/Chief Financial Officer 
Date
Sonia Andrews, City Treasurer/Chief Financial Officer 
(480] 312-2364. sandrews@scottsdaleaz.gov
ATTACHMENTS
1. Monthly Financial Report Fiscal Year-to-Date as of January 2026.
Page 2 of 2

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SCOnSML
Monthly Financial Report
Fiscal Year to Date as of 
January 31, 2026
,»■m.
If-
Report to the City Council
Prepared by the City Treasurer
March 24, 2026

General Fund
Twelve Months: Fiscal Year
Sources
Taxes - Local
Property Tax
State Shared Revenues
35202.7
7.2
Charges for Service/Other
License Permits & Fees 
Fines Fees & Forfeitures ^
Interest Earnings 
^ ^
Building Permit Fees & Charges
Other Revenue
Indirect/Direct Cost Allocations T
40.0
^"“H^7.2
20.3
19.5
23.8
0
B 9.2
Transfers In
20.8
SO.O
IFY 2023/24 
Actuals
$50.0
$100.0
$150.0
$200.0
$250.0
I FY 2024/25 
Actuals
I FY 2025/26 Approved Budget
Taxes-Local 
Property Tax 
State Shared Revenues 
Charges for Service/Other 
License Permits & Fees 
Fines Fees & Forfeitures 
Interest Earnings 
Building Permit Fees & Charges 
Other Revenue
Indirect/Direct Cost Allocations 
Transfers In
FY 2023/24 
Actuals
$208.0
36.5
113.7
19.2
11.3 
7.1
14.4 
21.7
0.1
8.3
18.0
FY 2024/25 
Actuals
FY 2025/26 
Approved Budget
$212.1
32.3 
102.7
21.6
13.3 
7.7
16.6
23.2
9.3
17.2
$202.7
40.0
97.2
20.3 
19.5
7.2 
11.1
23.8
9.2
20.8
Total Sources
$458.3
$456.1
$451.9
Note: $ in millions/rounding differences and blank lines may occur.
January 2026 
Page 1 of 12

General Fund
Sources (Fiscal Year to Date: January 2026)
Taxes - Local
Property Tax
119.6
S.
25.2
State Shared Revenues
58.1
Charges for Service/Other
10.6
License Permits & Fees
Fines Fees & Forfeitures
8.9
i 4.3
Interest Earnings
11.4
Building Permit Fees & Charges
13.3
Indirect/Direct Cost Allocations
9.3
Transfers In
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
I FY 2023/24 Actuals ■ FY 2024/25 Actuals ■ FY 2025/26 Actuals FY 2025/26 Approved Budget
Taxes - Local 
Property Tax 
State Shared Revenues 
Charges for Service/Other 
License Permits & Fees 
Fines Fees & Forfeitures 
Interest Earnings 
Building Permit Fees & Charges 
Indirect/Direct Cost Allocations 
Transfers In
FY 2023/24 
Actuals
$122.1
22,0
65.0
12.3 
6.8
3.8 
7.1
12.7
4.9
13.4
FY 2024/25 
Actuals
FY 2025/26
FY 2025/26
Actuals Approved Budget
$124.9
17.8 
58.5
11.9 
7.0 
4.3 
8.7
12.9 
9.2
11.3
$119.6
25.2 
58.1 
10.6
8.9
4.3 
11.4
13.3
9.3 
7.1
$116.0
24.7
55.5
10.5 
11.2
4.0
6.6
13.7 
9.3 
7.2
Variance
Amount
$3.7
0.5
2.6
(2.3)
0.3
4.8
(0.3)
(0.1)
Variance
Percent
3%
2%
5%
(21%)
8%
73%
(2%)
(2%)
Total Sources
$270.1
$266.5
$267.7
$258.6
Note: $ in millions/rounding differences and blank lines may occur.
$9.0
3%
January 2026 
Page 2 of 12

General Fund
. dm
Taxes - Local (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
Sales Tax 1.10% 
Electrics Gas Franchise 
Cable TV License Fee 
Salt River Project In Lieu 
Stormwater Fee
$111.9
7.8
1.7
0.1
0.6
$116.4
6.2
1.6
0.1
0.6
$109.3
8.2
1.5
0.1
0.6
$107.0
7.6
0.7
0.1
0.6
$2.3
0.6
0.8
Variance
Percent
2%
8%
>100%
Taxes - Local Total
$122.1 
$124.9 
$119.6
$116.0
$3.7
3%
Note: S in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $3.7 million or 3%:
The favorable variance is primarily due to Sales Tax. See detailed information regarding Sales Tax in the Sales Tax 1.10% section. The 
favorable variance in Electric & Gas Franchises Fees is due to higher than anticipated electricity usage; the positive variance is partially 
offset by the lower than anticipated gas usage. The positive variance in Cable TV License fee is due to a quarterly payment received 
earlier than budgeted, and the variance will resolve itself in the future months.
Sales Tax 1.10% (Fiscal Year to Date: January 2026)
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved Budget
Variance
Amount
Variance
Percent
Automotive 
Construction 
Dining/Entertainment 
Food Stores 
Flotel/Motel 
Major Dept Stores 
Misc Retail Stores 
Other Activity*
Rental
Utilities
$12.9
12.1
10.1
6.4
5.4 
7.9
24.4
14.4 
15.0
3.5
$13.6
12.1
9.9
5.8 
5.5 
8.1
26.8
15.8
14.7
3.9
$12.3
12.7
9.7
5.3
5.4
7.8 
26.1 
16.9
9.4 
3.6
$13,5
11.8
8.8
5.7
5.1
8.1 
25.8
14.1
10.2
3.8
($1.2)
0.9
0.9
(0.4)
0.3
(0.3)
0.3
2.8
(0.8)
(0.2)
(9%)
8%
10%
(7%)
5%
(4%)
1%
20%
(7%)
(5%)
Sales Tax Total
$111.9 
$116.4
$109.3
$107.0
$2.3
2%
Note: $ in millions/rounding differences and blank lines may occur.
*Other Activity includes Amusement, Manufacturing, Wholesale and Services with Retail.
Actual to Approved Budget variance of $2.3 million or 2%;
The favorable variance primarily is due to 1) Other Activity - businesses in Services with Retail are doing better than anticipated, the 
Manufacturing category has seen an increase in purchases that are subject to use tax, and the receipt of some one-time audit 
payments; 2) Construction - this Fiscal Year has seen an increase in residential/commercial construction as well as some one-time 
audit payments; and 3) Dining/Entertainment - restaurant sales are performing better than anticipated. The favorable variance is 
partially offset by 1) Automotive - earlier vehicle purchases in last fiscal year driven by tariff announcements and expiring electric 
vehicle (EV) incentives reduced current demand, while higher vehicle prices, elevated interest rates, and softening consumer demand 
continue to slow sales despite increased dealer incentives; and 2) Rental - businesses in this category not performing as well as last 
Fiscal Year.
January 2026 
Page 3 of 12

General Fund
■ ■ -V-XilB
Property Tax (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/26 Variance 
Variance
Actuals Actuals 
Actuals Approved Budget Amount 
Percent
Property Tax
$22.0
$17,8
$25.2
$24.7
$0.5
2%
Property Tax Total
$22.0
$17.8
$25.2
$24.7
$0.5
2%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $0.5 million or 2%:
The favorabie variance is due to timing differences for when taxpayers paid property taxes last year versus this year. Over the 
upcoming months, actuais are expected to align with budgeted revenues.
State Shared Revenues (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
State Shared Sales Tax 
State Shared Income Tax 
Auto Lieu Tax
Variance
Percent
$20.6 
$20.9 
$22.5 
$21.7 
$0.8 
4%
37.6 
30.3 
28.0 
27.0 
1.0 
4%
6.8 
7.3 
7.6 
6.8 
0.8 
12%
State Shared Revenues Total
$65.0
$58.5
$58.1
$55.5
$2.6
5%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $2.6 million or 5%:
The favorable variance is primarily due to State Shared Income Tax - the final calculation of State Shared Income Tax 
distribution resulted in revenues to Scottsdale being higher than originally budgeted by a total of $1.7 million during FY 
2025/26. The favorable variance in State Shared Sales tax and Auto Lieu Tax is because Statewide collections have been higher 
than originally forecast. The trend will be monitored over future months to determined if forecast adjustments are necessary.
January 2026 
Page 4 of 12

General Fund
Charges for Service/Other (Fiscal Year to Date: January 2026)
FY 2023/24 
Actuals
Westworld Equestrian Facility Fees 
Intergovernmental 
Miscellaneous 
Property Rental
$2.3
2.6
4.4
3.0
FY 2024/25 FY 2025/26
Actuals
FY 2025/26
$4.0
3.6
1.2
3.1
Actuals Approved Budget
$2.8
3.2
1.1
3.5
$3.0
3.8
0.6
3.1
Variance
Amount
($0.2)
(0.7)
0.6
0.3
Variance
Percent
(6%)
(17%)
95%
11%
Charges for Service/Other Total
$12.3
$11.9
$10.6
$10.5
$0.0
0%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $0.0 million or 0%:
The Charges for Service/Other are overall within budget through January 2026. The unfavorable variance in Intergovernmental is due 
to timing in receiving payments resulting from a contract renewal for School Resources Officers in Police Department. The favorable 
variance in Miscellaneous is due to receiving recovery revenue and reimbursement from other municipalities earlier than anticipated in 
the Fire Department. The variances should resolve themselves when budget and actuals start to align in future months.
License Permits & Fees (Fiscal Year to Date: January 2026)
FY 2023/24 
Actuals
FY 2024/25 FY 2025/26
FY 2025/26
Actuals
Actuals Approved Budget
Variance
Amount
Variance
Percent
Business & Liquor Licenses 
Fire Charges For Services 
Recreation Fees
$2.0
1.7
3.1
$2.0
1.8
3.2
$2.1
3.5
3.2
$2.0
6.0
3.2
$0.1
(2.5)
6%
(41%)
License Permits & Fees Total
$6.8
$7.0
$8.9
$11.2
($2.3)
(21%)
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of ($2.3) million or (21%);
The unfavorable variance is due to Fire Charges For Services - Ambulance Services Program revenues have come in lower than 
budgeted due to a delay between billing and cash receipts and also a delay in receiving payments from a contract agreement with 
Maricopa County.
Fines Fees & Forfeitures (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/26 Variance 
Variance
Actuals 
Actuals 
Actuals Approved Budget /tmount 
Percent
Court Fines 
Library
Parking Fines 
Photo Radar 
Jail Dormitory
$1.9
0.1
1.6
0.2
$2.4
0.1
1.6
0.2
$2.3
0.1
1.6
0.2
$2.3
0.1
1.5
0.1
$-
0.2
0.1
12%
>100%
Fines Fees & Forfeitures Total
$3.8
$4.3
$4.3
140
SOT
8%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $0.3 million or 8%;
The favorable variance is due to 1) Photo Radar-higher than anticipated revenue from defensive driving fees in the City Court 
Department; and 2) Jail Dormitory - higher than anticipated participation in the City Jail Dormitory program. 
January 2026
Page 5 of 12

General Fund
Interest Earnings (Fiscal Year to Date: January 2026)
FY 2023/24 
Actuals
FY 2024/25 FY 2025/26 
FY 2025/25 Variance Variance
Actuals 
Actuals Approved Budget Amount 
Percent
Interest Earnings
$7.1
$8.7
$11.4
$6.6
$4.8
73%
Interest Earnings Total
$7.1
$8.7
$11.4
$6.6 
$4.8
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $4.8 million or 73%:
The favorable variance in Interest Earnings is due to greater than forecasted fund balance.
Building Permit Fees & Charges (Fiscal Year to Date: January 2026)
73%
FY 2023/24 FY 2024/25 FY 2025/26 
FY 2025/26 Variance Variance
Actuals 
Actuals 
Actuals Approved Budget Amount 
Percent
Building Permit Fees & Charges
$12.7
$12.9
$13.3
$13.7 
($0.3)
(2%)
Building Permit Fees & Charges Totai
$12.7
$12.9
$13.3
$13.7 
($0.3)
(2%)
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of ($0.3) million or (2%);
The unfavorable variance is due to iower than anticipated revenue generated from plan review fees; the variance is partially offset by 
higher than anticipated building permit and encroachment permit fees resulting from increased permit activities and development trends 
in the Planning Department.
Indirect/Direct Cost Allocations (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26 
FY 2025/26 Variance Variance
Actuals 
Actuals 
Actuals Approved Budget Amount 
Percent
Indirect Costs
Direct Cost Allocation (Fire)
$4.5
0.4
$8.8
0.4
$8.8
0.5
$8.8
0.5
$ -
Indirect/Direct Cost Allocations Total
$4.9
$9.2
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $0.0 million or 0%:
Indirect/Direct Cost Allocation are aligned with budget through January 2026.
$9.3
$9.3
$ -
Transfers In (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26 
FY 2025/26 Variance Variance
Actuals 
Actuals 
Actuals Approved Budget Amount 
Percent
Operating
Enterprise Franchise Fees
$7.5
5.9
$4.8
6.5
$0.5
6.5
$0.5
6.6
$-
(0.1)
(2%)
Transfers In Total
$13.4
$11.3
$7.1
$7.2 
($0.1)
(2%)
Note: S in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of ($0.1) million or (2%);
The unfavorable variance in Transfers in is due to Enterprise Franchise Fees - slightly lower than anticipated revenues from water service 
charges through January 2026.
January 2026 
Page 6 of 12

General Fund
i7T,r. .jfTiStl
Twelve Months: Fiscal Year
Personnel Services*
Contractual Services
Commodities
Capital Outlays
Contracts Payable
Transfers Out
I
1.
14.3
0.5
Uses
S350.0
99.7
61.3
SO.O
$50.0
$100.0
I FY 2023/24 
Actuals
$150.0
■ FY 2024/25 
Actuals
$200.0
$250.0
I FY 2025/26
Approved Budget
$300.0
$350.0
$400.0
Personnel Services* 
Contractual Services 
Commodities 
Capital Outlays 
Contracts Payable 
Transfers Out
Total Uses
FY 2023/24 
Actuals
$257.3
84.4
12.5 
2.9 
0.4
89.1
$446.7
FY 2024/25 
Actuals
$272.2
91.7 
12.3
1.4
0.5
64.7
$442.8
FY 2025/26 
Approved 
Budget
$350.0
99.7
14.3 
7.3 
0.5
61.3
$533.1
Note: $ in millions/rounding differences and blank lines may occur.
* FY 2025/26 Adopted Personnel Services includes a one-time $50 million dollars PSPRS liability paydown.
January 2026 
Page 7 of 12

General Fund
:r:xm
Uses (Fiscal Year to Date: January 2026)
Personnel Services
Contractual Services
65.1
Commodities I 6.7
Capital Outlays | 4 2
Contracts Payable
Transfers Out
$215.3
33.0
$0.0
$50.0
IFY 2023/24 
Actuals
$100.0
I FY 2024/25 
Actuals
I FY 2025/26 
Actuals
$150.0
FY 2025/26 
Approved Budget
$200.0
$250.0
Personnel Services 
Contractual Services 
Commodities 
Capital Outlays 
Contracts Payable 
Transfers Out
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26
FY 2025/26
Actuals Approved Budget
$141.2
47.3
5.1
1.0
0.2
53.7
$165.8
61.1
6.0
1.0
0.2
1.0
$215.3
65.1
6.7
4.2
33.0
$219.7
68.1
8.5
5.9
0.5
33.0
Variance
Amount
$4.3
3.0
1.8
1.7
0.5
Variance
Percent
2%
4%
21%
28%
100%
Total Uses
$248.5 
$235.1
$324.4 
$335.7
Note; $ in millions/rounding differences and blank lines may occur.
$11.3
3%
January 2026 
Page 8 of 12

General Fund
Personnel Services (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 
Actuals Actuals
Salaries 
Overtime 
Health/Dental 
Fringe Benefits 
Retirement 
Contract Workers
FY 2025/26 FY 2025/26 Variance 
Variance
Actuals Approved Budget Amount 
Percent
$92.4
6.9
13.0
6.3
22.1
0.5
$108.7
9.0
14.1 
7.4
26.1 
0.5
$117.1
9.8
15.5
7.8
64.5 
0.7
$121.4
8.3
16.0
8.2
65.7
0.2
$4.2
(1.5)
0.4
0.4
1.2
(0.4)
>
3%
(18%)
3%
4%
2%
(100%) 
2%
Personnel Services Total
$141.2 
$165.8 
$215.3
$219.7
$4.3
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $4.3 million or 2%:
The favorable variance is primarily in the Salaries and Retirement categories due to vacancy savings across city departments, 
mostly in the Uniform Services and Communications teams within the Police Department and Field Operations staff in the Fire 
Department. The favorable variance is partially offset by higher than anticipated overtime and contract worker expenses resulting 
from the vacancies.
Contractual Services (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 
Actuals Actuals
Professional Services
Communications
Travel Training and Conferences
Printing Duplication and Filming
Maintenance and Repair
Insurance
Rents
FY 2025/26 FY 2025/26 Variance Variance 
Actuals Approved Budget Amount 
Percent
Transportation Services 
Utilities
Miscellaneous Services and Charges 
Fleet Replacement
$10.4
2.7 
0.6 
0.7
8.8 
7.6 
0.6 
8.2 
5.5 
2.1
$11.2
2.7
0.8
0.7
10.1
14.7
1.0
11.5
6.2
2.2
$11.7
2.6
0.7
0.7
10.5
15.6 
1.1
12.7 
6.2 
3.4
$12.4
3.1 
1.3 
0.7
11.6
15.6
1.1 
12.4
6.7
3.1
$0.7
0.6
0.6
1.1
0.6
(0.3)
6%
18%
49%
10%
8%
(9%)
Contractual Services Total
$47.3
$61.1
$65.1
$68.1
$3.0
4%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $3.0 million or 4%:
The favorable variance is due to 1) Professional Services - timing of expense for the elections service in the City Clerk's Office and 
the billing contract for the ambulance service in the Fire Department; 2) Communications - decrease in fee for a GPS tracker 
software and timing of billing for wireless service fee in the Police Department; 3) Travel Training and Conferences - delay in 
expenses due to the paramedic school starting later than budgeted; 4) Miscellaneous Services and Charges - a quarterly invoice 
for dispatch contract was received earlier than budgeted in the Fire Department; the variance should resolve itself in future 
months; and 5) Utilities - lower expenses for electricity usages in the WestWorld and Facilities Departments due to milder 
temperature compared to historical trends.
January 2026 
Page 9 of 12

General Fund
Commodities (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
Variance
Percent
Operating Supplies 
Purchased for Resale 
Library Materials 
Maintenance and Repair Supplies
$3.2
0.2
0.2
1.5
$4.2
0.2
0.3
1.3
$4.7
0.3
0.2
1.5
$6.0
0.3
0.2
2.1
$1.2
0.6
21%
29%
Commodities Total
$5.1
$6.0
$6.7
$8.5
$1.8
21%
Actual to Approved Budget variance of $1.8 million or 21 %;
The favorable variance is due to 1) Operating Supplies - timing of receiving clothing, personal equipment, and emergency 
medical supplies in the Fire Department; and 2) Maintenance and Repair Supplies - timing of receiving high rise equipment 
and tools in the Fire Department. The variance should resolve itself when products are received and payments are issued.
Capital Outlays (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25
FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
Variance
Percent
Buildings and Improvements 
Machinery and Equipment
$0.3
0.7
$0.3
0.7
$ - 
4.2
$0.2
5.7
$0.2
1.5
100%
26%
Capital Outlays Total
$1.0
$1.0
$4.2
$5.9
$1.7
28%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $1.7 million or 28%:
The favorable variance is primarily due to Machinery and Equipment - delays in receiving invoices for the radio equipment for 
law enforcement communication and delays in spending for the laboratory equipment replacement, access control systems 
upgrade, motor vehicles, and upfitting in the Police Department. The variance is expected to decrease in the next few 
months once items are received and payments are issued.
January 2026 
Page 10 of 12

General Fund
Contracts Payable (Fiscal Year to Date: January 2026)
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/26 Variance Variance 
Actuais 
Actuals 
Actuais Approved Budget Amount Percent
Contracts Payable
$0.2
$0.2
$0.0
$0.5
$0.5
100%
Contracts Payable
$0.2
$0.2
$0.0
$0.5
$0.5
100%
Note: S in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $0.5 million or 100%:
The favorable variance is due to timing differences between the budgeted and actual payment dates to the Bureau of 
Reclamation for the use of land at WestWorld and the Tournament Players Club. The payment has historically been made in 
February. This variance will resolve itself in the future months.
Transfers Out (Fiscal Year to Date: January 2026)
FY 2023/24 
Actuals
FY 2024/25 FY 2025/26 FY 2025/26 Variance Variance 
Actuais 
Actuals Approved Budget Amount Percent
Other
Debt Service Fund 
CIP
CIP Construction Sales Tax 
CIP Excess Interest Earnings
$ -
53.7
$1.0
$ -
33.0
$ -
33.0
$ -
Transfers Out Total
$53.7
$1.0
$33.0
$33.0
$ -
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $0.0 million or 0%;
Transfers out are the authorized movements of cash to other funds and/or capital projects. The Transfers Out are aligned 
with budget through January 2026.
January 2026 
Page 11 of 12

General Fund
Department Expenditures (Fiscal Year to Date: January 2026)
18.0
8.8
15.5
Mayor and City Council | jg 5 
City Court ^ 4^
Charter Officers 
Communications ( 2.4 
Economic Development | g 5 
Enterprise Operations 
Fire Department 
Facilities Management
Human Resources 1 2 8 
Information Technology 
Library & Human Services 
Planning and Development Services iH^.x
Police Department BBBISBSB 
Parks 81 Recreation & Preserve 
—"f ^g.g
Transportation and Infrastructure ^ 2.2
$0.0 $20.0
56.8
133.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
I FY 2023/24 Actuals ■ FY 2024/25 Actuals ■ FY 2025/26 Actuals FY 2025/26 Approved Budget
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved Budget
Variance
Amount
Variance
Percent
Mayor and City Council
City Court
Charter Officers
Communications
Economic Development
Enterprise Operations
Fire Department
Facilities Management
Fluman Resources
Information Technology
Library & Fluman Services
Planning and Development Services
Police Department
Parks & Recreation & Preserve
Transportation and Infrastructure
Total
$0.6
3.2 
13.4
1.7
0.8
9.3
37.2 
13.1
2.1
11.7 
8.5 
9.2
70.3
12.7 
0.7
$0.7
3.8
17.1 
2.1 
0.8
9.9 
46.0 
14.9
2.6
13.3
10.2
11.4 
84.8 
15.3
0.9
$0.6
4.1 
18.0
2.4
0.6
8.8
56.8 
15.5
2.8
13.8 
8.6
9.1 
133.0
15.0
2.2
$0.7
4.0
19.4
2.6
0.8
9.2
59.8
15.9
3.2
14.2
9.2 
12.0
134.0
15.3 
2.0
$194.6
$233.6
$291.3
$302.4
$0.0
(0.2)
1.3
0.2
0.2
0.4
2.9
0.5
0.4
0.4
0.6
2.9
1.0
0.3
(0.2)
$11.1
7%
(5%)
7%
8%
24%
5%
5%
3%
13%
3%
7%
24%
1%
2%
(10%)
4%
Note: $ in millions/rounding differences and blank lines may occur.
Enterprise Operations includes the portion of Tourism and Events. Vi/estWorld, professional baseball, and the Enterprise Operations department administration funded by the General 
Fund. Does not include Enterprise Funds (Water and Water Reclamation Funds, Solid Waste Fund and Aviation Fund)
Actual to Approved Budget variance of $11.1 million or 4%.
January 2026 
Page 12 of 12