FY2023 Fund Balance Projected to Exceed $500 Million
The City of Philadelphia’s Quarterly City Managers Report (QCMR) for the first quarter (period ending September 30, 2022) of FY2023 projects a year-end fund balance of $505.3 million—$133.1 million higher than projected in the City’s FY2023-FY2027 Five Year Plan—exceeding $500 million for the first time. Obligations are projected at $6.020 billion, almost $300 million more than FY2022 obligations, which are projected at $5.727 billion.
For the full report click HERE
For past reports click HERE