Preliminary Total Obligations Lower Than City’s Target Budget

Through June of FY2022, the City has expended $4.691 billion and encumbered an additional $278.3 million. As a result, the City obligated $4.969 billion of the $5.418 billion in FY2022 appropriations. However, yearend book closing activities will affect the final obligations totals, which are currently estimated at $5.319 billion. The City has spent $414.9 million or 9.1% more than for the same period in FY2021. Also, the twelve departments with the largest budgets account for over $4.426 billion, or 89.1% of the total obligations through June.

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