Financial Oversight for the City of Philadelphia
PICA Issues Monthly Obligations Update for August
Since contracts are encumbered at the beginning of the year, the City has expended $649.4 million and encumbered and additional $421.8 million, resulting in total obligations of $1.071 billion. This total is approximately $141.5 million, or 15.2 percent more than in FY2022. It also represents 18.3 percent of the total FY2023 approved budget...