Adopted Budget

The Adopted Budget for Fiscal Year (FY) 2024 was presented to City Council on September 14, 2023. The Budget Document serves as a policy document, a financial plan, an operations guide and a communications device for the City.

View FY 2024 Adopted Budget (PDF)

It is the foundation for our allocation of resources toward service delivery plans providing:

  • quality services
  • targeted investments
  • continued improvements

The Total City Budget

The FY 2024 Adopted Budget is $3.7 Billion and is comprised of three parts:

Part Amount Percentage
Capital Program $798 Million 21%
General Fund $1.6 Billion 43%
Restricted Fund $1.3 Billion 36%

The General Fund Budget

The City’s largest operating fund is the General Fund, with a $1.6 Billion Adopted Budget in FY 2024.

Where Does the Money Come From?

Source Amount Percentage
ARPA $4.4 Million 0.3%
City Sales Tax $411.6 Million 25.7%
CPS Energy $421 Million 26.3%
Current Property Tax $465.9 Million 29%
Other Resources $299.6 Million 18.7%

Where Does the City Spend the Money?

Source Amount Percentage
Parks & Recreation $68.60 Million 4%
Public Safety $967.10 Million 60%
Streets & Infrastructure $126.4 Million 8%
Other $440.3 Million 28%

Quarterly Reports

Budget and Financial Status Reports are created quarterly to keep City Council and residents informed. It focuses on the financial and operational performance and provides updated estimates on revenues and expenditures for the remainder of the fiscal year.

The City’s financial management practices and policies include: 

  • General Fund budgeted financial reserves
  • comprehensive long-term financial planning
  • financial reporting and monitoring, a two-year balanced budget approach guided by “structural balance”
  • the mid-year budget adjustment
  • contingency planning

View Quarterly Reports

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