September Obligations Close to City’s Spending Projections

Through September of FY2022, the City has expended $961.4 million and encumbered an additional $405.2 million. As a result, total obligations amounted to $1.366 billion or 25.9% of the $5.269 billion FY2022 budget, which is close to the annualized monthly spend of 25.0%. However, the City has spent $146.7 million or 12% more than for the same period in FY2021.  Also, the twelve departments with the largest budgets account for over $1.176 billion, or 86.1% of the total obligations through September.

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