Supporting Document (2312b440...)

A
i
I
I
Item 13
CITY GOUNCIl
REPORT
mf
Meeting Date: 
Charter Provision:
Objective:
ACTION
February 24, 2026
Provide for the orderly government and administration of the 
affairs of the City 
Adopt Budgets
Accept the Fiscal Year 2025/26 Quarterly Financial Report showing activity through December 
2025.
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, Healfhcar-e Self Insurance 
Furid, 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 w:as 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 
December 2025 to prior years was sent in an email by the City Treasurer to the City Council on 
January 23, 2026.
ANALYSIS & ASSESSIWENT
There are no proposed FY 2025/26 budget adjustments or use of contingency requested for the 
December 2025 Quarterly Financial Report.
I
OPTIONS & STAFF RECOMIVIENDATION
Staff recommends the acceptance of the Fiscal Year 2025/26 Quarterly Financial Report as of 
December 2025.
Action Taken .

City Council Report | ACCEPT DECEMBER 2025 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 fre^urer/Chief Financial Officer
(480) 312-2364. sandrews@scottsdaleaz.gov
Date
2^
ATTACHMENTS
1. Quarterly Financial Report Fiscal Year-to-Date as of December 2025.
Page 2 of 2

s*.
j*
Monthly Financial Report
Fiscal Year to Date as of 
December 31, 2025
Report to the City Council
Prepared by the City Treasurer
February 24, 2026
ATTACHMENT 1
sm

Twelve Months: Fiscal Year
General Fund
Sources
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
$0.0
■ FY 2023/24 
Actuals
-mnum.
.202.7
40.0
B97.2
7.2
20.3
19.5
11.1
0
23.8
9.2
20.8
$50.0
I FY 2024/25 
Actuals
$100.0 
$150.0 
$200.0
■ FY 2025/26 Approved Budget
$250.0
FY 2023/24 
Actuals
FY 2024/25 
Actuals
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
$208.0
36.5
113.7
19.2
11.3 
7.1
14.4 
21.7
0.1
8.3
18.0
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.
December 2025 
Page 1 of 43

General Fund
Sources (Fiscal Year to Date: December 2025)
Taxes - Local
S95Ti
Property Tax
21.4
State Shared Revenues
s. 52.8
Charges for Service/Other
9.6
License Permits & Fees
7.4
Fines Fees & Forfeitures 3 y
H
Interest Earnings
9.8
Building Permit Fees & Charges
11.8
Indirect/Direct Cost Allocations
9.3
Transfers In
$0.0 
$20.0 
$40.0 
$60.0 
$80.0 
$100.0
I FY 2023/24 Actuals ■ FY 2024/25 Actuals ■ FY 2025/26 Actuals FY 2025/26 Approved Budget
$120.0
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
$98.4
19.6
56.3 
11.5
5.6
3.2 
5.9
10.3
4.3
12.7
FY 2024/25 
Actuals
$105.9
15.0
49.9
9.7
5.7 
3.6 
7.4
10.8
9.2
10.5
FY 2025/26 FY 2025/26 
Actuals Approved Budget
$99.0
21.4
52.8
9.6 
7.4
3.7
9.8
11.8
9.3
6.3
$95.3
22,2
47.8 
8.1
9.4
3.4 
5.9
11.8
9.3
6.4
Variance
Amount
$3.7
(0.7)
4.9 
1,5
(2.0)
0.3
3.9 
(0.1)
(0.1)
Variance
Percent
4%
(3%)
10%
18%
(22%)
8%
65%
(0%)
(2%)
Total Sources
$227.7
$227.9
$230.9
$219.6
$11.3
5%
Note: $ in millions/rounding differences and blank lines may occur.
December 2025 
Page 2 of 43

General Fund
Taxes - Local (Fiscal Year to Date: December 2025)
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
Variance
Percent
Sales Tax 1.10%
Electric & Gas Franchise 
Cable TV License Fee 
Salt River Project In Lieu 
Stormwater Fee
$91.6
5.4
0.8
0.1
0.5
$98.7
5.8
0.8
0.1
0.5
$91.9
5.7
0.7
0.1
0.5
$88.7
5.2
0.7
0.1
0.5
$3.2
0.5
4%
10%
Taxes-Local Total
$98.4 
$105.9
$99.0
$95.3
$3.7
4%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $3.7 million or 4%:
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.
Sales Tax 1.10% (Fiscal Year to Date: December 2025)
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26 Variance
Actuals
Actuals
Actuals Approved Budget
Amount
Variance
Percent
Automotive 
Construction 
Dining/Entertainment 
Food Stores 
Hotel/Motel 
Major Dept Stores 
Misc Retail Stores 
Other Activity*
Rental
Utilities
$10.9
10.2
8.4 
5.0
4.4
6.5
19.4 
11.6
12.5 
3.1
$12.0
10.8
8.4 
5.3 
4.6 
6.8
22.2
13.1
12.5
3.5
$10.4
11.3 
8.0 
4.6 
4.6 
6.2
21.3 
14.0
8.2
3.2
$11.6
10.3
7.3 
4.6
4.3
6.5 
20.8
11.3
8.5
3.4
($1.3)
1.0
0.7
0.3
(0.3)
0.5
2.7
(0.4)
(0.2)
(11%)
9%
9%
8%
(5%)
2%
24%
(4%)
(5%)
Sales Tax Total
$91.6
$98.7
$91.9
$88.7
$3.2
4%
Note: S in millions/rounding differences and blank lines may occur.
*0ther Activity includes Amusement, Manufacturing, Wholesale and Services with Retail.
Actual to Approved Budget variance of $3.2 million or 4%:
The favorable variance primarily is due to 1) Other Activity - businesses in this category are doing better than anticipated, new 
businesses have been established in this category during the Fiscal Year, and receipt of a one-time audit payment; 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 offset by 1) Automotive - 
timing difference in tax filings by tax payer this year versus last year and some car dealers reporting a decrease in sales; and 2) Rental - 
businesses in this category not performing as well as last Fiscal Year.
December 2025 
Page 3 of 43

General Fund
Property Tax (Fiscal Year to Date: December 2025)
FY 2023/24 
Actuals
FY 2024/25 FY 2025/26 FY 2025/26 Variance 
Variance
Actuais 
Actuais Approved Budget Amount 
Percent
Property Tax
$19.6
$15.0
$21.4
$22.2 
($0.7)
(3%)
Property Tax Total
$19.6
$15.0
$21.4
$22.2 
($0.7)
(3%)
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of ($0.7) million or (3%);
The unfavorable variance is due to timing differences for v/hen taxpayers paid property taxes last year versus this year. Over 
the upcoming months, actuals are expected to align with budgeted revenues.
State Shared Revenues (Fiscal Year to Date: December 2025)
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26
Actuais
Actuais
Actuais Approved Budget
Variance
Amount
State Shared Sales Tax 
State Shared Income Tax 
Auto Lieu Tax
$18.1
32.2
6.0
$17.7
26.0
6.2
$18.4
28.0
6,4
$18.8
23.2
5.9
($0.4)
4.8
0.5
Variance
Percent
(2%)
21%
9%
State Shared Revenues Total
$56.3
$49.9
$52.8
$47.8
$4.9
10%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $4.9 million or 10%:
The favorable variance is primarily due to State Shared Income Tax - an inadvertent duplicate entry that has been corrected in 
January. Additionally, the State Shared Sales Tax is showing a negative variance partially due to the incorporation of San Tan 
Valley during the summer of 2025. Upon incorporation, San Tan Valley became eligible to receive State Shared Sales Tax 
distributions proportional to its share of the State's population. The Arizona Department of Revenue began distributing San Tan 
Valley's share of State Shared Sales Tax for the months of September through December 2025 during the month of December. 
This resulted in a reduction of Scottsdale's share of State Shared Revenues as compared to the budget. The trend will be 
monitored over future months to determine if forecast adjustments are necessary.
December 2025 
Page 4 of 43

General Fund
Charges for Service/Other (Fiscal Year to Date: December 2025)
FY 2023/24 
Actuals
Westworld Equestrian Facility Fees 
Intergovernmental 
Miscellaneous 
Property Rental
FY 2024/25 
Actuals
FY 2025/26
FY 2025/26
Actuals Approved Budget
$2.0 
$2.8 
$2.6
2.4 
2.9 
2.7
4.3 
1.1 
1.0
2.8 
2.9 
3.3
Variance
Amount
Variance
Percent
$1.6 
$1.0 
66%
3.1 
(0.4) 
(14%)
0.5 
0.5 
85%
2,9 
0.4 
14%
Charges for Service/Other Total
$11.5
$9.7
$9.6
$8.1
$1.5
18%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $1.5 million or 18%;
The favorable variance is primarily due to: 1) WestWorld Equestrian Facility Fees - the allocation of budget did not reflect actual 
receipts; 2) Miscellaneous - unexpected revenue from the sale of a Fire Department vehicle; and 3) Property Rental - higher than 
anticipated cell tower lease payments and increased golf course revenues. The favorable variance is offset by Intergovernmental - 
delays in receiving a quarterly payment for services due to the timing of a contract renewal in the Police Department.
License Permits & Fees (Fiscal Year to Date: December 2025)
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
$1.7
1.4
2.4
$1.7
1.5
2.5
$1.9
2.9
2.6
$1.7
5.2
2.5
$0.2
(2.3)
12%
(44%)
License Permits & Fees Total
$5.6
$5.7
$7.4
$9.4
($2.0)
(22%)
Note; $ in millions/rounding differences and biank lines may occur.
Actual to Approved Budget variance of ($2.0) million or (22%);
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 delay in receiving payments from a contract agreement with 
Maricopa County.
Fines Fees & Forfeitures (Fiscal Year to Date: December 2025)
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/26 Variance 
Variance
Actuals 
Actuals 
Actuals Approved Budget Amount 
Percent
Court Fines 
Library 
Parking Fines 
Photo Radar 
Jail Dormitory
$1.6
0.1
1.3
0.2
$2.0
0.1
1.4
0.1
$2.0
0.1
1.4
0.1
$2.0
0.1
1.2
0,1
$-
0.2
0.1
16%
>100%
Fines Fees & Forfeitures Total
$3.2
$3.6
$3.7
$3.4
$0.3
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 traffic ticket filings and defensive driving fees, 
and 2) Jail Dormitory - higher than anticipated participants in the City Jail Dormitory program. 
December 2025
Page 5 of 43

General Fund
Interest Earnings (Fiscal Year to Date; December 2025)
FY 2023/24 FY 2024/25 FY 2025/26 
FY 2025/26 Variance Variance
Actuals 
Actuals 
Actuals Approved Budget Amount 
Percent
Interest Earnings
$5.9
$7.4
$9.8
$5.9
$3.9
65%
Interest Earnings Total
$5.9
$7.4
$9.8
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $3.9 million or 65%;
The favorable variance in Interest Earnings is due to greater than forecasted fund balance.
$5.9 
$3.9
65%
Building Permit Fees & Charges (Fiscal Year to Date; December 2025)
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
$10.3
$10.8
$11.8
$11.8 ($0.1)
0%
Building Permit Fees & Charges Total
$10.3
$10.8
$11.8
$11.8 ($0.1)
(0%)
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of ($0.1) million or (0%);
The Building Permit Fees & Charges are generally aligned with budget through December 2025.
Indirect/Direct Cost Allocations (Fiscal Year to Date; December 2025)
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)
$3.9
0.4
$8.8
0.4
$8.8
0.5
$8.8
0.5
$ -
Indirect/Direct Cost Allocations Total
$4.3
$9.2
$9.3
$9.3
$ -
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 December 2025.
Transfers In (Fiscal Year to Date; December 2025)
FY 2023/24 
Actuals
Operating
Enterprise Franchise Fees
$7.5
5.2
FY 2024/25 FY 2025/26 
FY 2025/26 Variance Variance
Actuals 
Actuals Approved Budget Amount 
Percent
$4.8
5.7
$0.5
5.8
$0.5
5.9
$-
(0.1)
(2%)
Transfers In Total
$12.7
$10.5
$6.3
$6.4 
($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 services 
charges through December 2025.
December 2025 
Page 6 of 43

General Fund
Uses
Twelve Months: Fiscal Year
Personnel Services*
$348.1
Contractual Services
Commodities I 14.4
99.6
Capital Outlays
^7.3
Contracts Payable
0.5
Transfers Out
61.3
$0.0
$50.0
$100.0
IFY 2023/24 
Actuals
$150.0
■ FY 2024/25 
Actuals
$200,0
$250,0
I FY 2025/26
Adopted 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 
Adopted 
Budget
$348.1
99.6
14.4
7.3
0.5
61.3
$531.2
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.
December 2025 
Page 7 of 43

General Fund
Uses (Fiscal Year to Date: December 2025)
Personnel Services
$170.2
Contractual Services
59.5
Commodities B 5.4
Capital Outlays | 2 3
L
Contracts Payable
Transfers Out
33.0
$0.0
$20.0
$40.0
I FY 2023/24 
Actuals
$60.0
$80.0 
$100.0 
$120.0 
$140.0 
$160.0 
$180.0 
$200.0
I FY 2024/25 
Actuals
I FY 2025/26 
Actuals
FY 2025/26 
Approved Budget
Personnel Services 
Contractual Services 
Commodities 
Capital Outlays 
Contracts Payable 
Transfers Out
FY 2023/24 
Actuals
$122.3
43.2
4.8
1.0
53.7
FY 2024/25 
Actuals
FY 2025/26
FY 2025/26
$134.0
56.8
4.9
0.8
Actuals Approved Budget
Variance
Amount
$170.2
59.5
5.4
2.3
33.0
$173.8
62.4
7.5
5.1
0.5
33.0
$3.6
2.9
2.1
2.8
0.5
Variance
Percent
2%
5%
29%
55%
100%
Total Uses
$225.0
$196.5
$270.4
$282.3
$11.9
Note: $ in millions/rounding differences and blank lines may occur.
4%
December 2025 
Page 8 of 43

General Fund
Personnel Services (Fiscal Year to Date: December 2025)
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
Salaries 
Overtime 
Health/Dental 
Fringe Benefits 
Retirement 
Contract Workers
$80.1
6.0
11.1
5.4
19.1
0.5
$87.5
7.1
12.1
5.9
21.0
0.4
$95.6
7.7
13.3
6.3
46.8
0.4
$98.8
6.7
13.6
6.6
47.9
0.2
$3.2
(1.0)
0.3
0.3
1.1
(0.2)
Personnel Services Total
$122.3 
$134.0 
$170.2
$173.8
$3.6
Variance
Percent
3%
(15%)
3%
5%
2%
(114%)
2%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $3.6 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. The favorable variance is partially offset 
by higher than anticipated overtime and contract worker expenses resulting from the vacancies. The overall personnel expenses 
are expected to align with the budget at year-end.
Contractual Services (Fiscal Year to Date: December 2025)
FY 2023/24 FY 2024/25
FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
Professional Services
Communications
Travel Training and Conferences
Printing Duplication and Filming
Maintenance and Repair
Insurance
Rents
Transportation Services 
Utilities
Miscellaneous Services and Charges 
Fleet Replacement
$8.9
2.5 
0.5 
0.7
9.5
6.5 
0.6 
7.0 
4.9 
2.0
$9.1
2.6
0.6
0.6
9.8
14.7 
0.9
10.8 
5.4 
2.2
$10.0
2.5 
0.6 
0.7
9.6 
15.6
1.0
12.1
5.5
2.0
$10.3
2.9 
1.0 
0.7
10.8
15.6
1.0
11.8
5.9 
2.4
$0.3
0.4
0.5
1.2
0.4
0.4
Variance
Percent
3%
14%
43%
11%
7%
17%
Contractual Services Total
$43.2 
$56.8
$59.5
$62.4
$2.9
5%
Note: $ in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $2.9 million or 5%:
The favorable variance is due to 1) Maintenance and Repair - there have been delays in receiving invoices for the annual 
subscriptions for system renewal in the Planning Department, and processing of purchase orders has been delayed for software 
licensing renewal in the Police Department and Facilities Management Department; and 2) Travel Training and Conferences-the 
paramedic program starts later than budgeted in the Fire Department, resulting in training expenditures taking place later than 
originally budgeted.
December 2025 
Page 9 of 43

General Fund
Commodities (Fiscal Year to Date: December 2025)
FY 2023/24 FY 2024/25
FY 2025/26
FY2025/26
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
1.3
$3.4
0.2
0.2
1.1
$3.7
0.2
0.2
1.3
$5.2
0.2
0.2
1.9
$1.6
0.6
30%
32%
Commodities Total
$4.8
$4.9
$5.4
$7.5
$2.1
29%
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.
Actual to Approved Budget variance of $2.1 million or 29%:
The favorable variance is due to delays in receiving purchased operating equipment, supplies, personal protective uniforms 
and tools in the Fire Department. The variance is expected to decrease in the next few months once items are received and 
payments are issued.
Capital Outlays (Fiscal Year to Date: December 2025)
FY 2023/24 FY2024/25
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
$0.1
0.7
$ - 
2.3
$0.2
4.8
$0.2
2.5
100%
52%
Capital Outlays Total
$1.0
$0.8
$2.3
$5.1
$2.8
55%
Note: S in millions/rounding differences and blank lines may occur.
Actual to Approved Budget variance of $2.8 million or 55%:
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, and delay in purchasing and receiving 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.
December 2025 
Page 10 of 43

General Fund
r-,-v
Contracts Payable (Fiscal Year to Date: December 2025)
Contracts Payable
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/26 Variance Variance 
Actuals 
Actuals 
Actuals Approved Budget Amount Percent
$0,0
$0.0
$0.0
$0.5
$0.5
Contracts Payable
$0.0
$0.0
$0.0
$0.5
$0.5
100%
Note: $ 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: December 2025)
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/26 Variance Variance 
Actuals 
Actuals 
Actuals Approved Budget Amount Percent
Other
Debt Service Fund 
CIP
CIP Construction Sales Tax 
CIP Excess Interest Earnings
$ -
53.7
$ -
$ -
33.0
$ -
33.0
$ -
Transfers Out Total
$53.7
$ -
$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 December 2025.
December 2025 
Page 11 of 43

General Fund
14.8
Department Expenditures (Fiscal Year to Date: December 2025)
Mayor and City Council | jg.S 
City Court B 3 5 
Charter Officers 
Communicatiorrs L 2 5 
Economic Development | 0 5 
Enterprise Operations 
Fire Department 
Facilities Management
7.4
13.3
12.3
7.2
"7.7
47.2
Human Resources 1 22 
Information Technology 
Library & Human Services 
Planning and Development Services 
Police Department
Parks & Recreation & Preserve | 
' ' B 13,0
Transportation and Infrastructure ^ 3 9
$0.0 
$20.0 
$40.0 
$60.0 
$80.0 
$100.0
■ FY 2023/24 Actuals ■ FY 2024/25 Actuals ■ FY 2025/26 Actuals FY 2025/26 Approved Budget
103.4
$120.0
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26 FY 2025/26 
Actuals 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 & Human Services
Planning and Development Services
Police Department
Parks & Recreation & Preserve
Transportation and Infrastructure
Total
$0.5
$2.8
$11.7
1.5
0.7
8.2
32.3
11.3 
1.8
12.0
7.4
8.0
61.5
11.2
0.4
$0.6
$3.1
$13.7
1.7
0.7
8.5 
38.7 
12.1
2.1
12.6
8.6 
9.6
71.0
13.1
0.5
$0.5
3.5 
14.8
2.5 
0.5 
7.4
47.2
13.3 
2.2
12.3 
7.2 
7.7
103.4
13.0
1.9
$0.6
3.3
15.9
2.7
0.7
7.6
50.2 
13.8
2.6
12.3 
7.7
10.0
106.7
13.3 
1.6
$171.3
$196.5
$237.4
$248.9
$0.0
(0.2)
1.1
0.2
0.1
0.2
3.0
0.4
0.4
(0.1)
0.5
2.3
3.3 
0.3
(0.2)
$11.4
5%
(5%)
7%
8%
22%
2%
6%
3%
16%
(1%)
7%
23%
3%
2%
(14%)
5%
Note: $ in millions/rounding differences and blank lines may occur.
Enterprise Operations includes the portion of Tourism and Events, WestWorld, 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 $11.4 million or 5%.
December 2025 
Page 12 of 43

Transportation Fund
Sources (Fiscal Year to Date: December 2025)
Sales Tax - Transportation (0.20%) ¥
$15.8
Highway User Tax
Interest Earnings
□I 9.5
&
1.8
Local Transportation Assistance Fund
Intergovernnnental q
Miscellaneous
$0.0
I FY 2023/24 
Actuals
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0 
$16.0
I FY 2024/25 
Actuals
I FY 2025/26 FY 2025/26 Approved Budget 
Actuals
$18.0
Sales Tax - Transportation (0.20%) 
Highway User Tax 
Interest Earnings
Local Transportation Assistance Fund
Intergovernmental
Miscellaneous
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26
FY 2025/26
Actuals Approved Budget
$16.1
9.2
1.2
0.1
0.1
$17.0
9.5
1.3
0.1
$15.8
9.5
1.8
0.1
0.2
$16.2
9.5
1.6
0.1
Variance
Amount
($0.4)
0.2
0.2
Variance
Percent
3%
(12%)
(72%)
Total Sources
$26.6
$28.0
$27.4
$27.4
$-
Actual to Approved Budget variance of 0.0 million or 0%:
Overall, Transportation Fund Sources are aligned with budget through December 2025. There is a noteworthy unfavorable variance 
in the Sales Tax - Transportation (0.20%) - a higher proportion of sales tax collections being classified as use tax, which is not 
subject to the 0.2% transportation tax, and the budgeted allocation assumed a higher percentage of eligible transactions than has 
occurred year-to-date. It is offset by the favorable variances due to: 1) Interest Earnings - higher than anticipated driven by invested 
balances that exceed what had been budgeted, and 2) Miscellaneous revenue - a refund from the purchase of a right-of-entry from 
the Arizona State Land Department.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 13 of 43

Transportation Fund
Uses (Fiscal Year to Date: December 2025)
Personnel Services
mSi $6.2
Contractual Services
Commodities
Capitai Outlays
wa
F 0.4
h
8.2
Transfers Out/Allocation
$0.0 
$5.0
IFY 2023/24 Actuals
$10.0 
$15.0 
$20.0
I FY 2024/25 Actuals ■ FY 2025/26 Actuals
$25.0 
$30.0 
$35.0
FY 2025/26 Approved Budget
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26
FY 2025/26
Actuals Approved Budget
Variance
Amount
Personnel Services 
Contractual Services 
Commodities 
Capital Outlays 
Transfers Out/Allocation
$4.4
7.3
0.8
0.7
33.6
$5.0
8.4
0.6
1.7
15.0
$6.2
8.2
0.4
0.2
$6.6
9.9
0.7
1.2
$0.4
1.6
0.3
1.0
$40.0
Variance
Percent
6%
16%
43%
85%
Total Uses
$46.9
$30.8
$15.0
$18.4
$3.3
18%
Actual to Approved Budget variance of 3.3 million or 18%;
The favorable variance is primarily due to: 1) Personnel Services-vacancy savings; 2) Contractual Services - adjustments to the 
fall projects schedule, resulting in delayed expenses; 3) Commodities - delayed office renovation activities; and 4) Capital Outlays 
- adjustments to the fall projects schedule, resulting in delayed expenses.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 14 of 43

Tourism Development Fund
Sources (Fiscal Year to Date: December 2025)
Transient Occupancy Tax F
$13.4
Property Rental
1.4
Interest Earnings I 0.2
Miscellaneous
$0.0
Transfers In
$0.0
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
IFY 2023/24 
Actuals
I FY 2024/25 
Actuals
I FY 2025/26 FY 2025/26
Actuals 
Approved Budget
$14.00
$16.00
Transient Occupancy Tax 
Property Rental 
Interest Earnings 
Miscellaneous 
Transfers In
FY 2023/24 
Actuals
$12.9
1.4
0.2
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved Budget
Variance
Amount
Variance
Percentage
$13.2
1.4
0.2
$13.4
1.4
0.2
$13.6
1.6
0.3
($0.2) 
(1%)
(0.2) 
(13%)
(0.1) 
(33%)
Total Sources
$14.5
$14.8
$15.0
$15.5 
($0.5)
(3%)
Actual to Revised Budget variance of ($0.5) million or (3%);
The unfavorable variance is due to lower than budgeted collections in 1) Transient Occupancy Tax, 2) Property Rental, and 3) 
Interest Earnings.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 15 of 43

Tourism Development Fund
Uses (Fiscal Year to Date: December 2025)
Destination Marketing - 45% 
Destination Marketing - 5% f 
Canal Convergence Events U
0.8
Event Retention and Development
1.5
Other Commitments m Qg
Administration and Research I 0.5
Transfers Out
1.4
$0.0 
$4.0 
$8.0 
$12.0 
$16.0
■ FY 2023/24 BFY 2024/25 
■ FY 2025/26 FY 2025/26
Actuals 
Actuals 
Actuals 
Approved Budget
$20.0
Destination Marketing - 45% 
Destination Marketing - 5%
Canal Convergence Events 
Event Retention and Development 
Other Commitments 
Administration and Research 
Transfers Out
FY 2023/24 
Actuals
$5.4
0.6
0.8
0.6
0.8
0.3
17.1
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved 
Budget
$5.4
0.5
0.8
0.9
0.8
0.5
12.5
$5.2
0.4
0.8
1.5
0.8
0.5
1.4
$7.0
0.8
0.8
1.2
1.3
0.7
1.3
Variance
Amount
Variance
Percentage
$1.8
0.4
0.1
(0.3)
0.5
0.2
(0.1)
26%
50%
6%
(25%)
38%
29%
(8%)
Total Uses
$25.5
$21.2
$10.6
$13.1
$2.6
19%
Actual to Revised Budget variance of $2.6 million or 19%:
The favorable variance in Destination Marketing - 45% is due to lower than budgeted contract payment to Destination 
Marketing resulting from lower bed tax collection. Additionally a significant disbursement for the Destination Marketing 
contract has not yet been recorded. The favorable variance is partially offset by Other Commitments - the invoice for the 
Scottsdale's Museum of the West renovations was paid earlier than budgeted.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 16 of 43

Aviation Fund
Sources (Fiscal Year to Date: December 2025)
Airport Fees
Interest Earnings 
q ^
Jet Fuel Poi 
Property Rental 
^
Federal Grants
Miscellaneous
Transfers In
So.o
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
IFY 2023/24 
Actuals
I FY 2024/25 
Actuals
I FY 2025/26 
Actuals
FY 2025/26 
Approved Budget
Airport Fees 
Interest Earnings 
Jet Fuel 
Property Rental 
Federal Grants 
Miscellaneous 
Transfers In
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved 
Budget
Variance
Amount Variance percent
$4.3
0.1
0.1
0.2
$4.4
0.2
0.1
0.2
$4.7
0.4
0.1
0.1
$3.8
0.3
0.1
0.2
$0.9
0.1
(0.1)
24%
33%
(52%)
Total Sources
$4.7
$4.9
$5.2
$4.4
$0.9
20%
Actual to Approved Budget variance of $0.9 million or 20%:
The favorable variance is primarily due to: 1) Airport Fees - rental revenues for hangar space Is higher than projected in the 
budget; and 2) Interest Earnings - the amount invested has been higher than originally anticipated. The favorable variance is 
partially offset by Property Rental - the annual Aviation Park & Ride Land Lease revenue has not been recognized yet this 
quarter.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 17 of 43

Aviation Fund
Uses (Fiscal Year to Date: December 2025)
Personnel Services |i
Contractual Services F
I
"rTH 0.8
Commodities q
Capital Outlays
Contracts Payable
Transfers Out/Allocation
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
Sl.2
$1.4
$1.6
$1.8
Personnel Services 
Contractual Services 
Commodities 
Capital Outlays 
Contracts Payable 
Transfers Out/Allocation
I FY 2023/24 
Actuals
I FY 2024/25 
Actuals
FY 2023/24 
Actuals
I FY 2025/26 
Actuals
FY 2025/26 
Approved Budget
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/25 
Approved 
Budget
Variance
Amount
Variance
Percent
$0.9
0.8
0.4
1.7
$0.7
0.8
0.3
0.6
$0.9
0.8
0.1
$0.9
0.9
0.1
(0.1)
>1
11%
(100%)
Total Uses
$3.8
$2.4
$1.8
$1.8
$0.0
2%
Actual to Approved Budget variance of $0.0 million or 2%;
Overall expenditures within the Aviation Fund are aligned with the budget. There is a positive variance in 1)Contractual 
Services - a budgeted software subscription purchase has not yet occurred. The favorable variance is partially offset by 
Commodities, which exceeded budget due to unbudgeted purchases of firefighting foam.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 18 of 43

Solid Waste Fund
Sources (Fiscal Year to Date: December 2025)
Solid Waste Service Charges - Residential
J $16.8
Solid Waste Service Charges - Commercial
2.5
Interest Earnings
0.6
Miscellaneous
$0.0 
$2.0 
$4.0 
$6.0 
$8.0 
$10.0 
$12.0 
$14.0 
$16.0 
$18.0
IFY 2023/24 Actuals ■ FY 2024/25 Actuals ■ FY 2025/26 Actuals FY 2025/26 Approved Budget
FY 2023/24 FY 2024/25 FY 2025/26
FY 2025/26
Actuals
Actuals
Actuals Approved Budget
Variance
Amount
Solid Waste Service Charges - Residential 
Solid Waste Service Charges - Commercial 
Interest Earnings 
Miscellaneous 
Transfers In
$14.6
2.1
0.1
0.3
$15.9
2.4
0.1
$16.8
2.5
0.6
$16.7
2.4
0.2
$0.1
0.1
0.4
Variance
Percent
<1%
5%
>100%
Total Sources
$17.1
$18.4 
$19.9
$19.3
$0.6
3%
Actual to Approved Budget variance of $0.6 million or 3%:
The favorable variance is primarily due to; 1) Interest Earnings - higher than anticipated returns driven by higher than 
budgeted invested balances; and 2) Solid Waste Service Charges - Commercial - turnover in customer accounts, with new 
customers purchasing more services than those they replaced.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 19 of 43

Solid Waste Fund
Uses (Fiscal Year to Date: December 2025)
Personnel Services
Contractual Services
10.8
Commodities r
Capital Outlays
Transfers Out/Allocation
$0.0 
$2.0 
$4.0
IFY 2023/24 Actuals ■ FY 2024/25 Actuals
$6.0 $8.0 $10.0 $12.0 
I FY 2025/26 Actuals FY 2025/26 Approved Budget
$14.0
FY 2023/24 
Actuals
FY 2024/25 FY 2025/26 FY 2025/26 Variance Variance 
Actuals 
Actuals Approved Budget Amount Percent
Personnel Services 
Contractual Services 
Commodities 
Capital Outlays 
Transfers Out/Allocation
$5.3
8.0
0.5
1.2
$5.9
10.7
0.3
2.0
$6.1
10.8
0.3
2.0
$6.2
12.0
0.5
2.0
$0.1
1.1
0.2
1%
10%
43%
Total Uses
$15.0
$18.9
$19.2
$20.7
$1.5
7%
Actual to Approved Budget variance of $1.5 million or 7%:
The favorable variance is primarily due to: 1) Contractual Services - lower compressed natural gas (CNG) fuel costs, 
reduced recycling processing fees driven by lower tonnage, and delayed household hazardous waste (HHW) collection 
invoices; as well as 2) Commodities - production delays for refuse containers that have deferred expenses.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 20 of 43

Water & Water Reclamation Funds
Sources (Fiscal Year to Date: Decemeber 2025)
Water Service Charges 
Water Reclamation Service Charges 
Non-potable Water Service Charges 
Miscellaneous 
Interest Earnings | 
Indirect Costs 
Stormwater Fee 
Property Rental | 
Grants | 
Transfers In I
$0.2
$77.4
$30.6
$9.6 
$8.4
$0.0 
$10.0 
$20.0 
$30.0 
$40.0 
$50.0 
$60.0 
$70.0 
$80.0
$90.0
IFY 2023/24 
Actuals
IFY 2024/25 
Actuals
I FY 2025/26 
Actuals
FY 2025/26 
Approved Budget
Water Service Charges
Water Reclamation Service Charges
Non-potable Water Service Charges
Miscellaneous
Interest Earnings
Indirect Costs
Stormwater Fee
Property Rental
Grants
Transfers In
FY 2023/24 FY 2024/25 FY 2025/26 
Actuals 
Actuals 
Actuals
$73.1
$24.1
$9.2
$7.1
$1.5
$0.2
$0.5
FY 2025/26 
Approved 
Budget
$78.6
$27.7
$10.4
$2.5
$1.7
$0.2
$0.1
$0.5
$77.4
30.6
9.6
8.4
5.2
0.2
0.2
0.2
$80.0
30.1
9.3
2.4
3.5
0.2
0.2
Variance
Amount
($2.6)
0.5
0.3
6.0
1.7
Variance
Percentage
(3%)
2%
3%
>100%
49%
Total Sources
$115.5 
$121.6 
$131.8
$125.7
$6.1
5%
Actual to Approved Budget variance of $6.1 million or 5%:
The favorable variance is due to Miscellaneous - higher compensation from Central Arizona Project and Arizona Department of 
Water Resources of water received for reducing usage from Lake Mead. The favorable variance is offset by lower than expected 
Water Service Charges due to higher than expected rainfall.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 21 of 43

Vlater & Water Reclamation Funds
Uses (Fiscal Year to Date: December 2025)
Personnel Services E
■12.7
Contractual Services
Bond Service Expense
Commodities t 
Capital Outlays ^
I
$26.1
Contracts Payable
Transfers Out/Allocation
$0.00
$5.00
$10.00
$15.00
$20.00
$2500
$30.00
Personnel Services 
Contractual Services 
Bond Service Expense 
Commodities 
Capital Outlays 
Contracts Payable 
Transfers Out/Allocation
IFY 2023/24 
Actuals
I FY 2024/25 
Actuals
FY 2023/24 
Actuals
IFY 2025/26 
Actuals
FY 2024/25 
Actuals
FY 2025/25 
Actuals
FY 2025/26 
Approved Budget
FY 2025/26 
Approved 
Budget
Variance
Amount
Variance
Percentage
$12.40
14.3
19.7
0.3
3.8
9.2
$13.30
17.4
23.2 
0.2 
3.3
12.3
$12.7
19.0
26.1
0.0
5.9
$15.1
16.0
21.5
0.4
6.0
$2.4
(3.0)
(4.6)
0.3
16%
(19%)
(21%)
95%
Total Uses
$59.7
$69.6
$63.7
$59.0 
($4.8)
Actual to Approved Budget variance of ($4.8) million or (8%):
The unfavorable variance is mainly due to 1) Contractual Services - an unbudgeted reimbursement as part of a contract 
agreement, timing of expenses for utilities, and higher than anticipated operating and maintenance expenditures for the 
Sub-Regional Operating Group (SROG); and 2) Commodities - timing of purchases such as water treatment filters and 
chemicals. The variance would be larger, but was offset by 1) Capital Outlays - timing of purchases; and 2) Personnel 
Services - vacancy and salary savings from new staff being hired at a lower rate than the employee who retired or left. 
The negative variance will resolve itself in the future months when the budget allocation starts to align with actuals.
$ in millions/rounding differences and blank lines may occur.
(8%)
December 2025 
Page 22 of 43

Fleet Management Fund
Sources (Fiscal Year to Date: December 2025)
Rental Rates
Maintenance & Operations li
Fuel
Reimbursements from Outside Sources
Miscellaneous
Transfers In
SO.O $2.0 
$4.0 
$6.0 
$8.0 
$10.0 
$12.0 
$14.0 
$16.0
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
FY 2025/26
Actuals Approved Budget
Variance
Amount
Variance
Percent
Rental Rates
Maintenance & Operations 
Fuel
Reimbursements from Outside Sources
Miscellaneous
Transfers In
$7.2 
$15.1 
$- 
$- 
$-
5.2 
4.9 
6.0 
5.2 
0.8 
15%
3.1 
2.0 
2.2 
2.7 
(0.5) 
(19%)
0.2 
0.1 
0.1 
0.3 
(0.2) 
(65%)
0.2 
0.1 
0.1 
- 
0.1
Total Sources
$16.0
$22.3
$8.4
$8.3
$0.2
2%
Actual to Approved Budget variance of $0.2 million or 2%:
The positive variance is primarily due to: 1) Maintenance & Operations - increased internal service charges to city departments 
for repairing older vehicles because of delays on receipt of new vehicles; and 2) Miscellaneous - receipt of unbudgeted 
revenue from the sale of compressed natural gas credits under a new contract with Shell Oil executed in August 2025, which 
was not known at the time the budget was prepared. It is partially offset by: 1) Fuel - lower charges to city departments for fuel 
due to fuel prices being lower than anticipated; and 2) Reimbursements from Outside Sources - lag time in the filing of accident 
claims.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 23 of 43

Fleet Management Fund
Uses (Fiscal Year to Date: December 2025)
Fleet Management Administration
Fleet Management Operations
Fleet Management Parts Supply
Fuel
Motorpool
Vehicle Acquisitions
Transfers Out
$0.0
I FY 2023/24 Actuals
$2.0 
$4.0 
$6.0 
$8.0 
$10.0 
$12.0
■ FY 2024/25 Actuals ■ FY 2025/26 Actuals FY 2025/26 Approved Budget
$14.0
Fleet Management Administration 
Fleet Management Operations 
Fleet Management Parts Supply 
Fuel
Motorpool 
Vehicle Acquisitions 
Transfers Out
FY 2023/24 
Actuals
$0.4
4.7
0.3
2.1
0.5
FY 2024/25 
Actuals
FY 2025/26
FY 2025/26
Actuals Approved Budget
$0.5
5.0
0.3
1.5
0.1
1.1
$0.5
5.5
0.4
1.4
11.7
$0.5
5.5
0.4
2.2
0.1
12.5
Variance
Amount
$0.1
0.8
0.1
0.8
Variance
Percent
12%
6%
35%
100%
6%
Total Uses
$8.1
$8.4
$19.5
$21.2
$1.7
8%
Actual to Approved Budget variance of $1.7 million or 8%;
The favorable variance is primarily due to; 1) Fuel - lower than estimated fuel prices; 2) Transfers Out - the original budget 
overestimated how much needed to be moved for vehicle purchases delayed from FY2024/25. Fleet recalculated the carryover 
needed and the transfer from the Fleet Management Fund to the Fleet Replacement Fund was reduced.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 24 of 43

Fleet Replacement Fund
Sources (Fiscal Year to Date: December 2025)
Rental Rates
$15.5
Transfers In
11.7
$- 
$2.0 
$4.0 
$6.0 
$8.0 
$10.0 
$12.0 
$14.0 
$16.0 
$18.0
■ FY 2023/24 Actuals ■ FY 2024/25 Actuals ■ FY 2025/26 Actuals FY 2025/26 Approved Budget
FY 2025/26
FY 2023/24 FY 2024/25 FY 2025/26 Approved Variance Variance 
Actuals 
Actuals 
Actuals Budget 
Amount 
Percent
Rental Rates 
Transfers In
$-
$-
$15.5
11.7
$15.5
12.5
$-
(0.8)
(6%)
Total Sources
$-
$-
$27.2 
$28.0
($0.8)
(3%)
Actual to Approved Budget variance of $(0.8) million or (3%):
The unfavorable variance is primarily due to Transfers In - the budget assumed a larger transfer from the Fleet 
Management Fund for vehicle purchases delayed from FY2024/25, but after Fleet recalculated how much was 
actually needed, the transfer amount was reduced, so less revenue came into the Fleet Replacement Fund than 
budgeted.
$ in miliions/rounding differences and biank iines may occur.
December 2025 
Page 25 of 43

Fleet Replacement Fund
Uses (Fiscal Year to Date: December 2025)
Commodities I $0.1
Capital Outlays
6.0
$-
$1.0
I FY 2023/24 Actuals
$2.0 
$3.0 
$4.0
I FY 2024/25 Actuals ■ FY 2025/26 Actuals
$5.0 
$6.0
FY 2025/26 Approved Budget
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved 
Budget
Variance
Amount
Commodities 
Capital Outlays
$-
$-
$0.1
6.0
$-
5.9
($0.1)
$7.0
Variance
Percent
<(100%) 
(1%)
Total Uses
$-
$-
$6.0
$5.9
($0.1)
(11%)
Actual to Approved Budget variance of $(0.1) million or (11 %):
The unfavorable variance is due to Commodities - some small unbudgeted vehicle upfits occurred. The negative 
variance will resolve itself in the future months when budget allocation starts to align with actuals.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 26 of 43

Risk Management Fund
Sources (Fiscal Year to Date: December 2025)
Self Insurance (Property and Workers Comp)
Property Tax
Reimbursements from Outside Sources
Miscellaneous
$0.4
$0.3
Unemployment Claims
Transfers In
$0.0
■ FY 2023/24 
Actuals
$20.1
$5.0
$10.0
$15.0
$20.0
$25.0
I FY 2024/25 
Actuals
IFY 2025/26 
Actuals
FY 2025/26 
Approved 
Budget
Self Insurance (Property and Workers Comp) 
Property Tax
Reimbursements from Outside Sources 
Miscellaneous 
Unemployment Claims 
Transfers In
FY 2025/26
FY 2023/24 FY 2024/25 FY 2025/26 Approved 
Actuals Actuals Actuals 
Budget
Variance
Variance
Amount Percentage
$8.3
2,2
0.3
0.2
$19,1
1.3
0.4
0.2
$20.1
0.7
0.4
0.3
$20.1
0.7
0.3
0.1
$ -
- %
0.1 
33%
0.2 
>100%
Total Sources
$11.0 
$21.0 
$21.5 
$21.2
$0.3
1%
Actual to Revised Budget variance of $0.3 million or 1%;
The favorable variance is largely driven by 1) Miscellaneous - higher subrogation recoveries than projected in the budget; 
and 2) Reimbursements from Outside Services on prior claims paid.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 27 of 43

Risk Management Fund
Uses (Fiscal Year to Date: December 2025)
Insurance & Bond Premiums 
Liability 
Physical Damage 
Risk Management Self Insurance
Safety ■ $o,i 
Safety and Risk Management 
Safety Grants Program 
Unemployment 
Workers Compensation 
Transfers Out
$0.0
$1.0
^1:4
$2.9
$2.0
$3.0
$4.0
$5.9
$5.0
$6.0
$7.0
I FY 2023/24 
Actuals
Insurance & Bond Premiums 
Liability
Physical Damage
Risk Management Self Insurance
Safety
Safety and Risk Management 
Safety Grants Program 
Unemployment 
Workers Compensation 
Transfers Out
IFY 2024/25 
Actuals
FY 2023/24 
Actuals
FY2024/25 
Actuals
I FY 2025/26 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved 
Budget
FY 2025/26 
Approved 
Budget
Variance
Amount
$-
1.0
0.4
5.9
0.1
2.7
$0.5
0.4
0.2
0.1
6.2
0.1
2.4
$5.9
0.6
0.3
0.1
1.4
2.9
$3.7
1.8
0.6
1.4
0.1
3.1
Variance
Percentage
($2.2) 
(59%)
1.2 
67%
0.3 
50%
(0.1) 
(100%)
0.1 
100%
0.2 
6%
Total Uses
$10.1
$9.9
$11.2
$10.7 
($0.5)
(5%)
Actual to Revised Budget variance of ($0.5) million or (5%):
The unfavorable variance is largely driven by Insurance & Bond Premiums - the premium is paid in July and the remaining budget 
authority is in March. The negative variance is partially offset by 1) Liability - anticipated payments associated with general liability 
claims have not occurred due to pending litigation; and 2) Physical Damage - anticipated payments of large property damage 
claims are still pending. The negative variance will resolve itself in the future months when budget allocation starts to align with 
actuals.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 28 of 43

Healthcare Self Insurance Fund
Sources (Fiscal Year to Date: December 2025)
Employer Contribution - Medical
Employee Contributions - Medicai
Employer Contribution - Dental ||^ q ^
I
Employee Contributions - Dental | o4
I
Miscellaneous ' g g
$16.3
4.7
Disabled Retiree Contributions
0.1
Transfers In
0.00
$0.0
$2.0
I FY 2023/24 
Actuals
$4.0
$6.0
I FY 2024/25 
Actuals
$8.0
$10.0
I FY 2025/26 
Actuals
$12.0
$14.0
FY 2024/25 
Approved 
Budget
$16.0
$18.0
FY 2023/24 
Actuals
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2024/25 
Approved 
Budget
Variance
Amount
Variance
percentage
Employer Contribution - Medical 
Employee Contributions - Medical 
Employer Contribution - Dental 
Employee Contributions - Dental 
Miscellaneous
Disabled Retiree Contributions 
Transfers In
$13.9
4.1
0.4
0.4
0.1
0.1
$14.8
4.3
0.4
0.4
0.1
0.1
$16.3
4.7
0.5
0.4
0.1
$15.0
4.6
0.4
0.4
0.1
0.1
$1.3
0.1
0.1
9%
2%
25%
Total Sources
$9.5
$20.1
$22.0
$20.6
$1.4
Actual to Approved Budget variance of $1.4 million or 7%:
The favorable variance In Employer Contribution - Medical is due to plan selection difference, which occurs after the budget has 
prepared.
$ in millions/rounding differences and blank lines may occur.
7%
December 2025 
Page 29 of 43

Healthcare Self Insurance Fund
Uses (Fiscal Year to Date: December 2025)
Medical Claims
$18.3
Dental Claims
Insurance & Bond Premiums
Administrative Fees
Live Life Well Program
B
Jk
I
0.8
1.0
City Administration
0.1
Behavioral Health Insurance Claims
$0.0 
$2.0 
$4.0 
$6.0 
$8.0 
$10.0 
$12.0 
$14.0 
$16.0 
$18.0 
$20.0
I FY 2023/24 
Actuals
I FY 2024/25 
Actuals
FY 2023/24 
Actuals
I FY 2025/26 
Actuals
FY 2024/25 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved 
Budget
FY 2025/26 
Approved 
Budget
Variance
Amount
Variance
Percent
Medical Claims 
Dental Claims
Insurance & Bond Premiums
Administrative Fees
Live Life Well Program
City Administration
Behavioral Health Insurance Claims
$14.8
0.7
0.6
0.3
0.1
0.1
0.1
$17.6
0.7
0.8
0.3
0.2
0.1
0.1
$18.3
0.8
1.0
0.3
0.1
0.1
0.1
$18.5
0.8
0.8
0.3
0.1
0.1
0.1
$0.2
1%
($0.2) 
(25%)
Total Uses
$16.8
$19.8
$20.7
$20.7
Actual to Approved Budget variance of $0 million or 0%:
Overall, Healthcare Fund expenditures are aligned with budget through December 2025.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 30 of 43

Stadium Facility Fund
Sources (Fiscal Year to Date: December 2025)
stadium Usage Fees
Contributions & Donations
Interest Earnings ||
$0.0
IFY 2023/24 
Actuals
SO.l
$0.1
$0.2
I FY 2024/25 
Actuals
$0.3
■ FY 2025/26 
Actuals
$0.4
$0.5
$0.6
FY 2025/26 
Approved 
Budget
Stadium Usage Fees 
Contributions & Donations 
Interest Earnings
FY 2023/24 FY 2024/25 FY 2025/26 
Actuals Actuals Actuals
FY 2025/25 
Approved 
Budget
Variance
Amount
$0.3
0.1
$0.4
0.5
0.1
$0.5
0.1
$0.2
0.1
$0.3
Variance
Percentage
>100%
Total Sources
$0.4
$1.0
$0.6
$0.3
$0.3
>100%
Actual to Revised Budget variance of $0.3 million or >100%;
The favorable variance is largely driven by Stadium Usage Fees - increased Stadium bookings and receipt of concession 
proceeds.
$ in millions/rounding differences and blank lines may occur.
December 2025 
Page 31 of 43

stadium Facility Fund
Uses (Fiscal Year to Date: December 2025)
Personnel Services
S0.4
Contractual Services
Commodities
Capital Outlays
$0.1
$0.0
$0.1
$0.2
$0.3
$0.4
$0.5
$0.6
I FY 2023/24 
Actuals
I FY 2024/25 
Actuals
FY 2023/24 
Actuals
FY 2024/25 
Actuals
I FY 2025/26 
Actuals
FY 2025/26 
Actuals
FY 2025/26 
Approved 
Budget
FY 2025/26 
Approved 
Budget
Variance
Amount
Variance
Percentage
Personnel Services 
Contractual Services 
Commodities 
Capital Outlays
$0.1
0.1
$0.1
0.1
$0.4
0.1
$0.5 
$0.1
0.1
0.1 
0.1
0.1 
0,1
27%
100%
100%
Total Uses
$0.2
$0.2
$0.4
$0.8
$0.3
45%
Actual to Revised Budget variance of $0.3 million or 45%;
The favorable variance is largely driven by 1) Personnel Services - vacancy savings due to onefull-time vacancy that was filled in 
December and eliminating part-time positions; 2) Commodities - timing of purchases and pending purchases for supplies that were 
not yet available; and 3) Capital Outlays - cost savings were utilized to fund necessary fence repair in Right Field within the ballpark 
and improved fencing on Drinkwater Boulevard.
$ In millions/rounding differences and blank lines may occur.
December 2025 
Page 32 of 43

City of Scottsdale 
WestWorld
Statement of Operations - General Fund''
Twelve Months: Fiscal Year
2026/26 
2025/26 
2025/26
FY 2023/24 FY 2024/25 Adopted Approved Forecast 
Actual 
Actual 
Budget Budget 
Budget
Operating Revenue 
Rental Facilities'’
RV Rental
Feed/Bedding Sales 
Labor Fees 
Concession Fees 
Other Income'’'’ 
Equidome Project Use Fee 
Operating Transfer In'’
$3,834,129
513,000
965,820
449,295
3,524
129,064
360,000
250,000
$5,198,940
672,343
994,043
587,920
2,205
511,132
360,000
250,000
$4,195,551 
$4,195,551 
$4,195,551
529,275
965,287
461,324
3,500
185,322
360,000
500,000
529,275
965,287
461,324
3,500
185,322
360,000
500,000
529,275
965,287
461,324
3,500
185,322
360,000
500,000
Operating Revenue $6,504,832 
$8,576,583 
$7,200,259 
$7,200,259 
$7,200,259
Qperatlnn Exnenses'’
Personnel Services
Wages/Salaries/Benefits
Overtime
Contractual Services
Contractual Workers 
Utilities'*
Maintenance & Equipment Rental & Fleet 
Property, Liability & Workers' Comp 
Advertising/Marketing Contract 
Landfill Contract & Waste Disposal 
Other
Commodities and Capital Outlays 
Agriculture & Horticulture & Other Supply 
Maintenance & Repairs Supply, Equipment 
Inventory Purchased for Resale 
Construction - Other 
Other Expenses 
BOR Admin
BOR Admin/WestWorld 
Allocated Expenses
COS Indirect Costs
$2,630,783
114,282
420,805
1,619,654
824,986
192,906
90,960
187,067
259,297
284,572
229,186
625,440
2,851
98,116
218,287
473,628
$2,826,943
146,131
420,944
1,890,462
1,008,397
231,311
108,302
190,889
279,433
127,672
141,910
672,751
36,700
24,697
229,202
549,264
$3,256,654
128,663
459,719
2,184,581
1,067,598
377,671
313,524
334,135
415,575
151,127
145,429
629,521
96,875
240,662
540,627
$3,256,654
128,663
459,719
2,184,581
1,067,598
377,671
313,524
334,135
415,575
151,127
145,429
629,521
96,875
240,662
540,627
$3,256,654
128,663
459,719
2,184,581
1,067,598
377,671
313,524
334,135
415,575
151,127
145,429
629,521
96,875
240,662
540,627
Operating Expenses $8,272,820 
$8,885,008 
$10,342,361 
$10,342,361 
$10,342,361
Operating Income Before Debt Service 
and One-Time Expenses
Debt SBrvice fLess contributions^
Debt Service - (52 & 17 acres)'’
Debt Service • TNEC ($41.935M)''
Debt Service - TNEC Tourism Funded'® 
Bed Tax Contributions - TNEC
($1,767,988) 
($308,425) 
($3,142,102) 
($3,142,102) 
($3,142,102)
$2,255,480
1,283,136
1,200,000
(1,200,000)
$5,978,230
1,289,529
1,200,000
(1,200,000)
$311,443
1,291,321
1,200,000
(1,200,000)
$311,443
1,291,321
1,200,000
(1,200,000)
$311,443
1,291,321
1,200,000
(1,200,000)
Net Debt Service $3,538,616 
$7,267,759 
$1,602,764 
$1,602,764 
$1,602,764
One-Time Expenses
Monterra Contract Termination 
$-
General Fund Operating Contingency - Monterra 
Onetime repairs (barns, bieachers, machinery & 
309,787
equipment, message board)
OneTime Expenses 
$309,787
$2,000,000
(2,000,000)
$-
$-
48,660
$48,660
$-
48,660
$48,660
$-
48,660
$48,660
Operating Income After Debt Service 
and One-Time Expenses
($5,616,391) 
($7,576,184) 
($4,793,526) 
($4,793,526) 
($4,793,526)
” The Statement of Operations includes recorded revenues and expenditures and does not include the overall economic benefit to Scottsdale that is created 
by WestWorld's operations. Arizona State University Seidman Research Institute conducted an ecnnnmic imnacl stiirlv to quantify the overall benefit in 2024. 
According to the study, the regional effect of WestWorld's 2023/2024 operations included $4.8 million in Transaction Privilege Tax and Transient Tax for the 
City of Scottsdale, Si 63.6 million contribution to the state's GDP, $85.6 million in labor income, and 1,813 jobs supported statewide.
'’ WestWorld recognized revenues and expenses from three Barrett-Jackson events in FY 2024/25, due to the settlement of the January 2024 event not 
occurring until FY 2024/25.
FY 2023/24 includes WestWorld TNEC Expansion revenue recovery, which was excluded in previous reports.
'* Contribution from the Tourism Development Fund for operational support.
'® All years include WestWorld Polo Field Maintenance expenses, which were inadvertently excluded in previous reports.
'* Increased utility costs are mainly due to higher electricity consumption required to support events.
Debt related to the 2014 MPC Refunding Bonds was paid off in FY 2024/25.
'*20216 refunding bonds were issued February 2021.
December 2025 
Page 33 of 43

City of Scottsdale 
WestWorld
Statement of Operations for December 2025 - General Fund'^
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/25
YTO 
YTD 
YTD 
Approved 
Variance
Actual 
Actual 
Actual 
YTD Budget Variance Amount Percentage
Qperatinn Revenue
Rental Facilities'^
RV Rental
Feed/Bedding Sales 
Labor Fees 
Concession Fees 
Other Income'^
Equidome Project Use Fee 
Operating Transfer In'*
Operating Revenue
Operating Expenses'^
Personnel Services
Wages/Salaries/Benefits
Overtime
Contractual Services
Contractual Workers 
Utilities'^
Maintenance & Equipment Rental & Fleet 
Property, Liability & Workers' Comp 
Advertising/Marketing Contract 
Landfill Contract & Waste Disposal 
Other
Commodities and Capital Outlays 
Agriculture & Florticulture & Other Supply 
Maintenance & Repairs Supply, Equipment 
Inventory Purchased for Resale 
Construction - Other 
Other Expenses 
BOR Admin
BOR Admin/WestWorld 
Allocated Expenses 
COS Indirect Costs
Operating Income Before Debt Service 
and One-Time Expenses
Debt Service (Less contributions)
Debt Service - (52 & 17 acres)'’
Debt Service - TNEC ($41.935M)'*
Debt Service - TNEC Tourism Funded'®
Bed Tax Contributions - TNEC
Net Debt Service
One-Time Expenses
One-time repairs (barns, bleachers, machinery & 
equipment, message board)
$1,379,748 
$2,025,341
$1,726,958 
$1,114,151
147,841
268,047
159,662
1,309
51,592
250,000
$2,258,199
$1,305,574
27,387
114,393
647,372
357,659
95,928
73,960
42,839
28,013
70,664
49,721
177,405
16,210
236,814
291,728
238,988
197,256
457
218,110
250,000
$3,221,880
$1,356,845
47,047
128,189
799,369
574,878
231,311
85,803
45,442
48,278
12,732
61,277
203,379
200
14,430
274,632
122,884
190,219
139,655
30,549
79,354
240,000
500,000
$3,033,763
$1,323,630
33,978
181,702
784,071
633,421
378,671
255,767
43,728
102,215
27,807
35,682
177,595
1,457
15,771
270,314
119,275
244,610
86,324
1,746
86,784
500,000
$2,152,890
$1,670,227
105,663
183,985
941,828
633,466
377,671
213,858
31,128
95,638
88,320
33,285
213,545
5,271
240,662
270,314
One-Time Expenses
$501,496
380,229
$881,725
$204,828
$204,828
$423,554
293,136
$716,690
$-
$-
$154,330
284,529
$438,859
$-
$-
$154,330
284,529
$438,859
$48,660
$48,660
$612,807
3,609
(54,391)
53,331
28,803
(7,430)
240,000
$880,873
$346,597
71,685
2,283
157,757
45
(1,000)
(41,909)
(12,600)
(6,577)
60,513
(2,397)
35,950
(1,457)
(10,500)
240,662
Operating Expenses $3,243,940 
$3,883,812 
$4,265,808 
$5,104,860 
$839,052
($985,741) 
($661,932) 
($1,232,044) 
($2,951,970) 
$1,719,926
$-
$-
$48,660
$48,660
Operating Income After Debt Service 
and One-Time Expenses
($2,072,294) 
($1,378,622) 
($1,670,903) 
($3,439,489) 
$1,768,586
55%
3%
(22%)
62%
>100%
(9%)
100%
41%
21%
68%
1%
17%
0%
(0%)
(20%)
(40%)
(7%)
69%
(7%)
17%
(100%)
<(100%)
100%
16%
58%
-%
-%
100%
100%
51%
” The Statement of Operations includes recorded revenues and expenditures and does not include the overall economic benefit to Scottsdale that is created by WestWorld's 
operations. Arizona State University Seidman Research Institute conducted an economic imnact .study to quantify the overall benefit in 2024. According to the study, the regional 
effect of WestWorld's 2023/2024 operations included S4.8 million in Transaction Privilege Tax and Transient Tax for the City of Scottsdale, $163.6 million contribution to the 
state’s GDP, $85.6 million in labor income, and 1,813 jobs supported statewide.
WestWorld recognized revenues and expenses from three Barrett-Jackson events in FY 2024/25, due to the settlement of the January 2024 event not occurring until FY 
2024/25.
FY 2023/24 includes WestWorld TNEC Expansion revenue recovery, which was excluded in previous reports 
Contribution from the Tourism Development Fund for operational support.
” All years include WestWorld Polo Field Maintenance expenses, which were inadvertently excluded in previous reports.
'* Increased utility costs are mainly due to higher electricity consumption required to support events.
'’ Debt related to the 2014 MPC Refunding Bonds was paid off in FY 2024/25. 
December 2025
'* 2021B refunding bonds were issued February 2021. 
Page 34 of 43

City of Scottsdale 
WestWorld
Statement of Operations - Other Funds
Twelve Months: Fiscal Year
2023/24
Actual
2024/25
Actuals
2025/26
Adopted
Budget
2025/26
Approved
Budget
Revenue
Parking
Bed Tax Contribution - Marketing"
$1,430,933
180,119
$1,409,944
161,015
BOR Funds\2
$1,286,364
285,000
515,426
$1,286,364
285,000
515,426
Revenue $1,611,052 
$1,570,959 
$2,086,790 
$2,086,790
Expenses
Contractual Services 
Advertising/Marketing Contract 
BOR 
Other
WestWorld Master Plan Projects'^ 
Transfer Out to CIP'^
$180,119
Expenses
$180,119
$161,015
26,799
51,096
$238,909
$-
100,000
6
4,242,389
$4,342,395
$-
100,000
6
4,242,389
$4,342,395
Operating Income After Expenses''
2025/26
Forecast
Budget
$1,286,364
285,000
515,426
$2,086,790
$-
100,000
6
4,242,389
$4,342,395
$1,430,933 
$1,332,050 
($2,255,605) 
($2,255,605) 
($2,255,605)
" Beginning in FY 2023/24, the contribution for marketing efforts is spent within the Tourism Development Fund instead of being transferred to 
the General Fund. In prior years, the contribution was recorded in General Fund Operating Transfers In.
" Bureau of Reclamation (BOR) funds for BOR funded projects including a $400K Transfer Out to CIP for the Monterra Improvements Project. 
WestWorld Master Plan budget was moved to the CIP for FY 2025/26.
PD2304 - Westworld Parking Access Plan, PD2501 - Westworld Trail Parking Access Improvements, PD2607 - Westworld Polo Field Renovation, 
PP2501 - Scottsdale Sports Complex Turf Replacement, PP2608 - Scottsdale Sports Complex - Replace Pump Station, and PD2605 Monterra 
Improvements (BOR funded).
In FY 2025/26, Special Event Parking (WestWorld Per Attendee Fee) fund balance was used for $3.8M of the total Transfer Out to CIP.
December 2025 
Page 35 of 43

City of Scottsdale 
WestWorld
Statement of Operations for December 2025 - Other Funds
Revenue
Parking
Bed Tax Contribution - Marketing 
BOR Funds"
,\i
Expenses
Contractual Services 
Advertising/Marketing Contract 
BOR 
Other
WestWorld Master Plan Projects
FY 2023/24 FY 2024/25 FY 2025/26 FY 2025/26
YTD 
YTD 
YTD 
Approved 
Variance
Actual 
Actual 
Actual 
YTD Budget Variance Amount Percentage
Revenue
Expenses
$297,310
$297,310
$-
2,996
$2,996
$294,314
$261,103
61,015
$322,118
$61,015
11,311
51,096
$123,422
$198,696
$259,135
10,000
$269,135
$10,000
18,227
6
$28,233
$240,901
$134,359
15,426
$149,785
$-
6
$6
$149,779
$124,776
10,000
(15,426)
$119,350
($10,000)
(18,227)
($28,227)
$91,122
93%
100%
(100%)
80%
(100%)
(100%)
<1(100%)
61%
Operating Income After Expenses
'' Beginning in FY 2023/24, the contribution for marketing efforts is spent within the Tourism Deveiopment Fund instead of being transferred to the General Fund. 
In prior years, the contribution was recorded in General Fund Operating Transfers In.
" Bureau of Reclamation (BOR) funds for BOR funded projects.
December 2025 
Page 36 of 43

c
m
+
•J>r*
Privilege (Sales) & Use Tax Collections For December 2025
(For Business Activity in November 2025)
Appendix 1 contains information regarding the “actual” revenue collections from the 1.0 percent Privilege and 
Use Tax reflected in the General Fund, 0.2 percent dedicated Transportation Privilege Tax, 0.1 percent 
additional dedicated to Transportation Privilege and Use Taxes, 0.2 percent dedicated Preserve Privilege and 
Use Taxes (expired June 30, 2025), 0.15 percent additional dedicated Preserve Privilege and Use Taxes, 0.15 
percent Parks and Preserve Privilege and Use Taxes (effective July 1,2025), and 0.1 percent dedicated Public 
Safety Privilege and Use Taxes, including adjustments for related license revenues, late collections and audits. 
While the report includes the actual year-to-date tax collections for the funds previously noted, only the General 
Fund portion (1.0 percent) of the tax is unrestricted and available for general government purposes.
The fiscal year to date Privilege and Use Tax (1.0 percent General Purpose) collections increased 4 percent 
compared to the Budget, and decreased 18 percent compared to the same period a year ago.
Privilege (Sales) & Use Tax by Category and Fund
Friscal Year; Twelve Months
2023/24
Actual
1.00% General Purpose
Amusement 
Automotive 
Construction 
Dining/Entertainment 
Food Stores 
HotelMjtel 
Major Dept. Stores 
Manufacturing 
Misc. Retail Stores 
Other Activity 
Rentals
Service with Retail
Utilities
VUholesale
Subtotal
0.10% Public Safety 
0.20% Transportation 1990 
0.10% Transportation 2019 
0.20% McDowell FVeserve 1995 
0.15% F^rks & Preserve;2025 
0.15% McDowell Preserve 2004 _ 
Total
Rounding differences may occur
n/a
20.7
17.3
16.8 
9.7
10.3 
11.7
n/a
38.5
22.1
22;8
n/a
5.4
n/a
$175.4
$304.0
2024/25
Actual.
$3.0
21.7
19.6
9.5
9.5 
10.5 
12.0
2.6 
40.0
4.6
19.0
8.5
58
4.0
$179.1
$310.0
2025/26
Adopted
Budget
$2.9
21.9
18.6
15.7
9.3
10.0
12.2
2.2
40.5
6.0
14.4
7.8
5.8 
3.5
2025/26
Revised
Budget
2025/26
Approved
Adjustments
$170.8
$289.1
$2.9
21.9
18.6
15.7
9.3
10.0
12.2
2.2
40.5
6.0
14.4
7.8
5.8 
3.5
$170.8
$289.1
$0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
$0.0
$17.3 
$35.8 
$17.4 
$17.4 
$0.0
33;6 
34.1 
33.6 
33.6 
0.0
17.3 
17.0 
16.8 
16.8 
0.0
34.5 
35.2 
- 
- 
0.0
n/a 
n/a 
25.2 
25.2 
0.0
25.9 
26.4 
25.2 
25.2 
0.0
$0.0
December 2025 
Page 37 of 43

Privilege (Sales) & Use Tax by Category and Fund
S200 0
S1900
SISO.O
S170 0
Rscal Year-to-Date: Decennber 2025
1.00% General Purpose
Amisement 
Automotive 
Construction 
Dining/ Bitertainment 
Food Stores 
Flotel/Motel 
Major Dept. Stores 
Manufacturing 
Misc. Retail Stores 
Other Activity 
Rentals
Service with Retaii
Utilities
V\^olesale
2023/24
Actual
n/a
9.9 
9.3 
7.6 
4.5 
4.0
5.9 
n/a
17.6
10.5
11.4
n/a
2.8
n/a
Subtotal
$83.4
0.10% Public Safety 
0,20% Transportation 1990 
0.10% Transportation 2019 
0.20% McDowell Reserve 1995 
0.15% F^rks & Preserve 2025 
0.15% McDowell Preserve 2004 
Total'
% Change vs. Prior Year
Top 20 Taxpayers 
% of Total
% Change vs. Prior Year______
$8.2
16.1
8.2
16.4
n/a
12.3
$144.5
2024/25
Actual
$1.2
10.9
9.8 
7.6
4.8
4.2
6.2 
1.3
20.2
3.5
11.4
4.1
3.2
1.8
2025/26
Actual
$1.1
9.4
10.2
7.3 
4.2 
4.2
5.7 
1.6
19.4
3.7
7.4
4.7 
2.9
1.8
2025/26
Budget
$1.1
10.5
9.3
6.7
4.1
3.9
5.9
1.1 
18.8
3.1
7.7 
3.6 
3.1 
1.5
Actual vs. Budget 
Favorable/fUnfavorable)
$89.9
$83.7
$80.3
$8.8
17.0
8.8
17.6
n/a
13.2
$8.2
15.8
8.2
3,3
9.8
12.3
$8.4
16.2
8.1
11.9
12.2
$155.5
$141.2
$137.1
1%
$29.2
20%
4%
8%
$32.5
21%
11%
-9%
$29.8
21%
-8%
-12%
Rounding differences may occur.
Privilege (Sales) & Use Tax
12 Month Rolling 
1.00% General Fund in Millions
Amount
$0.0
(1.1)
0.9
0.7
0.1
0.3
(0.2)
0.6
0.6
0.6
(0.3)
1.1
(0.1)
0.3
$3.4
($0.2)
$4.2
Fisrcent
0%
-10%
10%
10%
1%
8%
-4%
55%
3%
18%
-4%
31%
-4%
18%
4%
-3%
-3%
1%
(0.4)
0.1 
3.3
(2.0) 
-17%
0.1 1%
3%
S160.0
5150.0
$1400
S1».0
S120.0
SllO.O
$100 0
FY24/25
\ 
FY25/26
I
r
Jaf>-23 Mar-23 Mav23 Jul-23 S«p-23 Nov23 Jan-24 Mar-24 May24 Jul.24 Sep-24 Nov-24 Jan-25 Maf25 Mar25 Jul-25 S«o-25 Nov-25
December 2025 
Page 38 of 43

Amusement Sales Taxes
This category includes businesses such as movie theatres, golf courses, gyms, bowling centers, tours, and 
amusement arcades.
Actual to Revised Budget variance of $0.0 million or 0%; No explanation necessary.
Automotive Sales Taxes
The automotive category includes automobile dealers, motorcycle dealers, automotive repair shops, tire shops, 
carwashes, and car leasing companies.
Actual to Revised Budget variance of ($1.1) million or (10%); This is due in part to timing issue of when tax 
returns were filed this year versus last year in addition to some car dealers reporting a decrease in sales.
Construction Sales Taxes
The construction tax is collected on all construction activity; commercial and residential; new and re-model. It 
ailso includes landscaping, painting, flooririg installation, siding, roofing, concrete, plumbing, heating, electrical, 
framing, drywall, infrastructure, masonry, finish carpentry, etc.
Actual to Revised Budget variance of $0.9 million or 10%: This is due in part to an increase in 
residential/commercial constructiori and one-tirrie audit payrnents.
Dinina/EntertainmentSaies Taxes
The restaurant category includes restaurants, bars, cafeterias, mobile food vendors, and caterers.
Actual to Revised Budget variance of $0.7 million or 10%: The variance is due in part to the businesses in 
this category doing better than anticipated, and new businesses.
Food Stores Sales Taxes
This category includes grocery stores, candy stores, meat markets and convenience stores.
Actual to Revised Budget variance of $0.1 million or 1%: The variance is due in part to tinning issue of when 
tax returns were filed this year versus last year and the businesses in this category doing better than anticipated.
Hotel/Motel Sales Taxes
This category includes lodging space rental on a short-term basis and other activities provided at the 
hotel/motel.
Actual to Revised Budget variance of $0.3 million or 8%: This is due in part to timing issue of when tax 
returns were filed this year versus last year, and new businesses.
Major Department Stores Sales Taxes
This category includes large department stores, warehouse clubs, supercenters, and discount department 
stores.
Actual to Revised Budget variance of ($0.2) million or (4%): This is due in part to timing issue of when tax 
returns were filed this year versus last year, arid a decrease in sales.
Manufacturing Saies Taxes
This category includes businesses that have identified themselves as, manufacturers.
Actual to Revised Budget variance of $0.6 million or 55%: The variance is due in part to a large one-time 
audit payment and an increase in purchases subject to use tax.
December 2025 
Page 39 of 43

Miscellaneous Retail Stores Sales Taxes
This category includes small clothing stores, art galleries, luggage stores, home furnishing stores, jewelry 
stores, drug stores, hobby stores, household appliance stores, sporting goods stores, florists, computer stores, 
hardware stores, online shopping, and pet supply stores.
Actual to Revised Budget variance of $0.6 million or 3%: The variance is due in part to the businesses in 
this category doing better than anticipated.
Other Activity Sales Taxes
This category includes but not limited to publishers, banks, doctors, advertising, printing, education, and 
transportation. This also includes license fees, penalties, and interest.
Actual to Revised Budget variance of $0.6 million or 18%: The variance is due in part to the businesses in 
this.category doing better than anticipated.
Rental Sales Taxes
The rental category ihcludes rentals of commercial and residential real property and personal property rentals, 
(such as rentals of formal wear, DVD’s, home health equipment, recreational goods, electronics, appliances, 
etc.)
Actual to Revised Budget variance of ($0.3) million or (4%): The variance is due in part to the businesses 
this category not doing as good as last year.
Services with Retail Sales Taxes
This category includes interior designers, lawyers, accountants, architects, beauty salons, barber shops, 
personal goods repair shops, computer services, photographers, and other personal care services.
Actual to Revised Budget variance of $1.1 million or 31%: The variance is due in part to the businesses in 
this category doing better than anticipated and a one-time audit payment.
Utilities Sales Taxes
This category includes businesses that provide telecommunication (landlines and cellular), electricity, gas, or 
water services.
Actual to Revised Budget variance of ($0.1) million or/4%/: The variance is due in part to timing issue of 
when tax returns were filed this year versus last year.
Wholesale Sales Taxes
This category includes businesses that have identified themselves as wholesalers.
Actual to Revised Budget variance of $0.3 million or 18%: The variance is due in part to the businesses in 
this category doing better than anticipated.
December 2025 
Page 40 of 43

>1
V*’
Glossary
To ensure legal compliance and financial management for the various restricted revenues and 
expenditures, the city's accounting and budget structure is segregated into various funds. This approach is unique to the 
government sector. Fund accounting segregates functions and activities into separate self-balancing funds that are created and 
maintained for specific purposes.
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated 
for specific activities or objectives. The city, like other state and local governments, uses fund accounting to ensure 
and demonstrate compliance with finance-related legal requirements.
The General Fund is the city's chief operating fund and is used to account for all financial resources, except those that are 
legally required to be accounted for in another fund.
GENERAL FUND SOURCES
Taxes - Local - Encompasses a series of local taxes. The largest component of this source includes a 1.10 
percent sales tax, of which 0.10 percent is dedicated to public safety. The remaining 1.0 percent of the sales tax is available 
to fund basic municipal services such as police, fire, libraries, and parks. Sales tax receipts received in the current month 
are based on prior month activity. This general-purpose sales tax is the city's single largest revenue source. The sales tax category 
results can be found earlier in the report. Other revenue sources that make up this category include electric and gas franchise fees 
and cable TV license fees, which are revenues from utility and cable providers for their permitted use of the city's rights-of- 
way; a stormwater quality charge, which is a fee to help pay a portion of the city's stormwater management 
program and the Salt River Project (SRP) in lieu tax.
Property Taxes - Property taxes are comprised only of the "Primary" property taxes levied on the assessed value of all property 
within the city to help pay for basic operations of the city. Secondary property taxes are not included in the General Fund as they 
must be used solely for General Obligation bond debt service payments. Increases in revenue from year to year reflect new property 
additions to the tax roll and Council actions to increase total revenue as legally allowed.
State Shared Revenues - These revenues are derived from state shared sales taxes, income taxes, and vehicle license 
taxes (auto lieu). On a per capita basis, state sales taxes generated in Scottsdale tend to be higher than most other 
cities/towns due to higher wealth, consumer spending habits, and larger amounts of visitor/tourist spending. As directed 
by statute, the State distributes the shared portion of State sales taxes back to local governments based on population, not by 
the amount of sales taxes collected within the local jurisdiction.
Charges for Services/Other - Charges for Services include miscellaneous charges that do not fall into any other category such as 
property rentals, cell tower leases and stadium usage fees.
License Permits & Fees - These charges include those for fees and licenses associated with specific services and programs 
offered by the city.
Fines Fees & Forfeitures - These are charges penalizing individuals for violating a law or policy of the city or paying for 
services and facilities designed to support this punishment, such as the Court, Library and Public Safety - Police.
Interest Earnings - Revenues generated through investing activities of city funds throughout the year.
Building Permit Fees & Charges - These charges include the licensing of business activity and the associated fees relating to 
the license and regulation of specific activities.
Indirect/Direct Cost Allocations - Indirect cost allocations charged to the Enterprise Funds for specific central administrative 
functions which benefit the Enterprise operations (e.g. Information Technology, Payroll and Human Resources). Direct 
cost allocations represent Aviation Fund changes for the direct cost of fire service at the airport performed by General Fund 
personnel.
Transfers In - Transfers In represents movements between funds as approved through the budget process.
December 2025 
Page 41 of 43

r«
Glossary
GENERAL FUND USES
Personnel Services includes the salaries and wages plus the city's contribution for fringe benefits such as retirement, social 
security, health, and workers' compensation insurance. It is reduced by vacancy savings, but increased for medical and vacation 
leave accrual payouts that are made at the time of separation from the city. Personnel Services also include pay-for-performance 
and compensation adjustments.
Contractual Services includes expenditures for services performed by firms, individuals, or other city divisions.
Commodities includes supplies, repair and replacement parts, small tools, and maintenance and repairs.
Capital Outlays includes the purchase of land, the purchase or construction of buildings, structures, and facilities, plus machinery 
and equipment. It includes expenditures that result in the acquisition or addition of a fixed asset or increases the capacity, 
efficiency, span of life, or economy of operating an existing fixed asset. For an item to qualify as capital outlay the 
expenditure must meet all of the following requirements: (1) have an estimated useful life of more than two years; (2) 
have a unit cost higher than $10,000; and (3) be betterment or improvement.
Contracts Payable includes payments required contractually for leases, other contractual obligations, and certificates of 
participation which are a funding mechanism similar to bonds utilized for the purchase of capital items.
Transfers Out represents the authorized transfer of cash to other funds and/or capital projects.
OTHER FUNDS
Transportation Fund is considered a Special Revenue Fund, which is used to account for the proceeds of specific revenue 
sources that are legally restricted to expenditures for specified purposes. The Transportation Fund receives and expends the 
city's allocation of the Arizona Highway User Revenue Tax (HURF) as well as other transportation related revenues. The 
amount of HURF available to each city is allocated based on population. These monies must be used for street construction, 
reconstruction, and maintenance. The State of Arizona requires the city to establish and maintain an accounting for Highway User 
Revenue Funds. The fund also accounts for the 1989 voter approved Transportation Privilege (Sales) Tax of 0.20 percent which is 
dedicated to funding transportation improvements and operations. Fifty percent of the Sales Tax - Transportation 
(0.20%) is transferred to the Capital Improvement Plan (CIP) for transportation related capital improvement projects, while 
100 percent of the Sales Tax - Transportation (0.10%) is collected and reported in the CIP.
Tourism Development Fund is a Special Revenue Fund to account for the sources and uses related to tourism. Revenues consist of 
transient lodging tax (bed tax) and lease rental earnings from the Fairmont Scottsdale Princess Resort. Bed Tax is the largest 
portion of this fund and is derived from lodging room charges for stays of 29 days or less in hotels or short-term rentals.
Enterprise Funds are used to account for operations, which are financed and operated similarly to private businesses, where 
the intent is that the service is self-sufficient, with all costs Including debt service supported predominantly by user charges. The 
city maintains three Enterprise Funds to account for Water & Water Reclamation, Aviation, and Solid Waste activities.
Water & Water Reclamation Funds
This fund accounts for the transactions related to the city's water and water reclamation business activities, 
including operating revenue, expenditures, and debt service payments.
Water Service Charges are monthly water billings which consist of a base charge according to meter 
size and a variable charge for the amount of water consumed.
Water Reclamation Service Charges are monthly charges based on the volume and strength of the sewage 
discharge.
Non-Potable Water Fees include the sale of surface water, reverse osmosis and effluent treated to irrigation 
standards. These different water types are delivered to 22 Reclaimed Water Distribution System golf courses, 3 
Irrigation Water Distribution System golf courses, the Gainey Ranch Golf Club, the WestWorld golf course and the 
Inlet/Silverado golf course.
• Miscellaneous Revenue includes rental income, miscellaneous reimbursements and other minor fees.
December 2025 
Page 42 of 43

-i
Glossary
Aviation Fund
This fund accounts for the transactions related to the city’s aviation business activity at the Scottsdale Airport.
Aviation Fees are charges for a variety of services provided to airport customers including landing fees, airport/airpark fuel 
fees, transient parking fees, fixed tenant rents, percentage fees for aeronautical business permits, custom fees, and 
miscellaneous other charges.
Privilege and Use Tax-Jet Fuel are charges earned from jet fuel sales by fixed based operators in accordance 
with the Scottsdale Revised Code, Article IV, Section 422.
Solid Waste Fund
This fund accounts for the transactions related to the city's solid waste and recycling business activities.
Solid Waste Fees include residential charges which are a flat fee per month and commercial charges which are based 
on the size of the container and the number of pickups per month. Additionally, solid waste rates include roll-off charges, 
uncontained service charges, recycling program charges, and household hazardous waste collection charges.
Internal Service Funds are used to account for the financing, on a cost-reimbursement basis, of commodities or services provided 
by one program for the benefit of other programs within the city. The report includes four Internal Service Funds to 
account for Fleet, Risk, Benefits and PC placement activities.
Fleet Management Fund
This fund is used to account for the expenditures associated with purchasing and maintaining the city's vehicles. Replacement 
and operation of vehicles are charged to the city departments as internal operating costs to each program based 
on the quantity and type of vehicle used. The department charges become revenue to the Fleet Management Fund.
Risk Management Fund
This fund is used to account for the city's self-insurance, safety and risk management functions. Revenue to this fund is 
derived from internal charges to division programs and is captured as internal rates. Payments for unemployment, 
workers' compensation, and property and liability claims are made from this fund.
Healthcare Self Insurance Fund
This fund is used to account for the city's self-insured medical and dental benefits. Revenue to this fund is derived from 
premiums collected through charges to divisions, which consists of both city and employee components.
Revenue is also collected through pharmacy rebates and stop loss insurance recoveries. This fund provides payment of 
actual healthcare expenses (medical, prescription and dental claims) as well as claims administration and other benefit 
plan expenses.
PC Replacement Fund
This fund is used to account for the expenditures associated with purchasing the city’s computers, monitors, and printers.
The replacement of computers, monitors, and printers (hardware) is charged to the city divisions as an internal operating 
cost based on the quantity and type of hardware used. The divisions' charges become revenue to the PC replacement Fund.
December 2025 
Page 43 of 43