The City has expended $2.373 billion and encumbered an additional $418.0 million. As a result, total obligations amounted to $2.791 billion or 52.7% of the $5.296 billion FY2022 target budget, which is lower than the cumulative annualized monthly spend of 58.3%. The City has spent $194.6 million or 7.5% more than for the same period in FY2021. Also, the twelve departments with the largest budgets account for over $2.429 billion, or 87.0% of the total obligations through January.
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