City’s FY2022 Year-End Fund Balance Projected at $389.9 Million

$256 Million Higher Than Revised Five Year Plan

The Quarterly City Managers Report (“QCMR”) for the third quarter (period ending March 31, 2022) projects a year-end fund balance of $389.9 million, $256 million higher than projected in the revised Five-Year Plan, approved in November 2021. The QCMR projects FY2022 revenues at $5.433 billion, while FY2022 obligations are projected at $5.364 billion.

In addition to analysis of projected third quarter financials, PICA’s Staff Report on the QCMR also identifies key management issues and tracks departmental performance for several City departments.

For the full report click here

For the accompanying press release click here

For past reports click here