Constituent observations from the Upper Atmosphere Research Satellite (UARS) in combination with estimates of the residual circulation are used to examine the transport and chemical budgets of HF, CH4 and O3 in the summer Northern Hemisphere. Budget calculations of HF, CH4 and O3 show that the transport tendency due to the residual circulation increases in magnitude and is largely opposed by eddy motions through the summer months. Ozone budget analyses show that between 100 and 31 hPa, the magnitudes of the mean circulation and eddy transport terms increase through the summer months, producing tendencies that are factors of 2 to 3 times larger than the observed ozone change in the stratosphere. Chemical loss dominates the observed ozone decrease only at the highest latitudes, poleward of about 70°N. A comparison of observations from the Total Ozone Mapping Spectrometer with UARS-calculated total ozone suggests that poleward of 50°N, between 35% and 55% of the seasonal ozone decline during the summer occurs at altitudes below 100 hPa. The overall uncertainties, associated primarily with calculations of the residual circulation and eddy transport, are relatively large, and thus prevent accurate and useful constraints on the ozone chemical rate in the lower stratosphere.