Supporting Document (2773e3ee...)

CITYOF^
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Item WS01
Quarterly Financial Update 
General Fund 
FY2025/26 Quarter 2
City Treasurer’s Office
City Council Meeting March 3, 2026

Quarterly Financial Updates
Highlight General Fund Results through the 2"^^ quarter of FY
2025/26 (through December 2025)
□ Revenue Collections to Date
□ Budget to Actual Variances
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General Fund Summary
FY 2025/26 -YTD Quarter 2
General Fund Revenues are 5% Above Budget:
□Sales Tax performing favorably
□ Higher than budgeted interest earnings
□State Shared Income Tax showed seven months of revenue rather than 
six; this issue will be resolved in January’s report
General Fund Expenditures are 4% Below Budget:
□ Personnel Savings
□Timing of expenditures for commodities and capital outlays
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General Fund Revenues
□ Local Taxes came in 4% higher than budgeted through December
□ $3.2 million of the positive variance came from Local Sales Tax
□ Electric Franchise Tax accounts for the remaining positive variance
□ Interest Earnings came in 66% higher than budgeted due to greater than forecasted fund balance
□ Positive variance in Charges for Services due to higher cell tower lease payments, golf course 
revenues and facility fees at WestWorld
(in millions)
FY24/25
Actuals
Local Taxes*
State Shared Revenues 
Property Tax 
Charges for Services 
Interest Earnings 
Other**
Transfers In
Total
$105.9
$49.9
$15.0
$9.7
$7.4
$29.3
$10.5
FY25/26 
% Change FY25/26
Actuals from PY Budget
Budget 
Budget Variance 
Variance %
$99.0
$52.8
$21.4
$9.6
$9.8
$32.1
$6.3
■7%
6%
43%
-1%
32%
9%
-40%
$95.3
$47.8
$22.2
$8.1
$5.9
$33.9
$6.4
$227.7
$3.7
$4.9
($0.8)
$1.5
$3.9
($1.8)
($0.1)
4%
10%
-4%
19%
66%
-5%
-2%
$230.9
1%
$219.6
$11.3
5%
* Includes Local Sales Tax, Utility Taxes, Cable TV License Fee, Storm water Fee, and SRP in-Lieu Fee. 
** Includes License Permits and Fees, Fines, Building Permit fees and Cost Allocations.

General Fund 1.1% Sales Tax
□ Other Activity, Construction, and Dining/Entertainment/ Other Activities are 
performing better than anticipated
□ Negative variance in Automotive is due to both decreased activity and also to 
timing issue of when tax returns were filed this year
(in millions)
FY24/25
Actuals
FY25/26
Actuals
% Change 
from PY
FY25/26
Budget
Budget Budget 
Variance Variance %
$12.0
$10.4
$11.6
($1.3)
$1.0
$0.7
$0.0
$0.3
($0.3)
$0.5
$2.7
($0.4)
($0.2)
Automotive 
Construction 
Dining/Entertainment 
Food Stores 
Hotel/Motel 
Major Dept Stores 
Misc Retail Stores 
Other Activity*
Rental
Utilities
Total
-13%
-11%
$10.8
$11.3
$10.3
4%
9%
$8.4
$8.0
$7.3
-4%
9%
$5.3
$4.6
$4.6
-13%
1%
$4.6
$4.6
$4.3
0%
8%
$6.8
$6.2
$6.5
-8%
-5%
$22.2
$21.3
$20.8
-4%
2%
$13.1
$14.0
$11.3
7%
24%
$12.5
$8.2
$8.5
-35%
-4%
$3.5
$3.2
$3.4
-8%
-5%
$98.7
$91.9
$88.7
$3.2
-7%
4%
*lncludes Services vi/ith Retail, Amusement, Manufacturing, and Wholesale

12 Month Rolling Local 1.00% Sales Tax Revenue
Privilege (Sales) & Use Tax
12 Month Rolling 
1.00% General Fund in Millions
S200.0
A
S190.0
S180.0
S170.0
S160.0
S150.0
FY25/26
FY24/25
S140.0
S130.0
S120.0
S110.0
sioo.o
Jan-23 Mar-23 Mav-23 Jul-23 S«p-23 
N(W-23 Jan-24 Mar-24 Mav24 Jul-24 Sep-24 Nov-24 Jan-2S Mar-25 May-25 Jul-25 Sep-25 Nov-2S

General Fund State Shared Revenues
□ State Shared Sales Tax showed a significant forecast loss in December due 
to ADOR including San Tan Valley in the distribution and correcting for 
three previous months
□ State Shared Income Tax had a duplicate entry that was corrected in Q3
(in millions)
FY24/25
Actuals
FY25/26 % Change 
Actuals from PY
FY25/26 
Budget Budget
Budget 
Variance Variance %
$17.7
$26.0
$6.2
$18.4
$28.0
$6.4
$18.8
$23.2
$5.9
($0.4)
$4.8
$0.5
State Shared Sales Tax 
State Shared Income Tax 
Auto Lieu Tax
Total
4%
-2%
8%
2 %
4%
9%
$49.9
$52.8
$4.9
$47.8
6%
10%

General Fund Expenditures
□ Personnel Services show a 2% positive variance due to vacancy savings 
and salary savings
□ Delays in receiving orders are causing the temporary positive variances in 
Commodities and Capital Outlays
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General Fund Department Expenditures YTD December 2025
FY24/25
Actuals
FY25/26
Actuals
FY25/26
Budget
Budget
Variance
Budget
Variance%
(in millions)
Mayor & Council and Charter Officers
$17.3
$18.8
$19.8
$2.7
$0.7
$7.6
$50.2
$13.8
$2.6
$12.3
$7.7
$10.0
$106.7
$13.3
$1.6
$1.0
5%
$1.7
$2.5
$0.2
Communications
8%
$0.7
$0.5
$0.1
Economic Development 
Enterprise Operations 
Fire Department 
Facilities Management 
Human Resources 
Information Technology 
Library & Human Services 
Planning and Development Services 
Police Department 
Parks & Recreation & Preserve 
Transportation and Infrastructure 
Total
22%
$8.5
$7.4
$0.2
2%
$38.7
$47.2
$3.0
6%
$12.1
$13.3
$0.4
3%
$2.1
$2.2
$0.4
16%
$12.6
$12.3
($0.1)
-1%
$8.6
$7.2
$0.5
7%
$9.6
$7.7
$2.3
23%
$71.0
$103.4
$3.3
3%
$13.1
$13.0
$0.3
2%
$0.5
$1.9
($0.2)
-14%
$196.5
$237.4
$248.9
$11.4
5%
Enterprise Operations includes the portion of Tourism and Events, WestWorld, professional baseball, and the Enterpnse Operations department administration 
funded by the General Fund. Does not include Enterprise Funds (Water and Water Reclamation Funds, Solid Waste Fund and Aviation Fund)

Questions?
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10

March 2026 Project Budget Overview
: SCOTTSDALE
Project
Total 
Funds 
Remaining FundingSources
Project 
Spent Budget
Budget millions)
62 - Build a Bridge on Thompson
Peak Parkway over Reata Wash 
6.3 
0.5
Water Campus Connections/Deep
Well Recharge & Recovery 
55.8 
36
Scottsdale Road - Jomax Road to
Dixileta Drive 
43.7 
20.4
Renovate Fire Station 606 
7.2 
1.1
5.8 Bond 2019
19.8 WaterRates, Grant, MPC Bonds
23.3 Transportation Sales Tax 0.2%, ALCP Regional Sales Tax and Grant 
6.1 General Fund
Note: The Funds Committed column that typically is found in this report is still being updated as a result of the transition to the new EBP system. It will be included in future reports once 
finalized.

Scottsdale Road: Jomax Road 
to Dixileta Drive Update
March 3, 2026
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Total Project Funding
Total Project Funding includes:
• Design
• Right of Way
• Utilities
• Construction
• CA Services
• Contingency (typically 10% at start of construction)
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Total Project Funding
Type of Funding Source
Budget Total pre- 
December 3, 2025
ALCP Program contribution
$29,288,722 (Federal)
*HSIP Grant (cancelled) - 
replace with Transportation 
0.1%
$1,844,207 (Federal)
Transportation 0.1%
$12,552,308 (Local)
Total
$43,685,237
Budget Total post- 
December 3,2025
$29,288,722 (Regional)
$1,844,207 (Local)
$12,552,308 (Local)
$43,685,237
*As previously communicated, the $1.8M HSIP funding will be replaced with Transportation 0.1% 
sales tax in a future council action
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Questions?
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