City's Obligations Slightly Higher than Projections Through October

Through October of FY2022, the City has expended $1.343 billion and encumbered an additional $463.1 million. As a result, total obligations amounted to $1.806 billion or 34.3% of the $5.269 billion FY2022 budget, which is slightly higher than the annualized monthly spend of 33.3%. The City has spent $127.7 million or 7.6% more than for the same period in FY2021.  Also, the twelve departments with the largest budgets account for over $1.566 billion, or 86.7% of the total obligations through October.

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