FY2023 Fund Balance Projected to be $660.5 Million

The City of Philadelphia’s Quarterly City Managers Report (QCMR) for the second quarter (period ending December 31, 2022) of FY2023 projects a year-end fund balance of $660.5 million—$288 million higher than projected in the City’s FY2023-FY2027 Five Year Plan. Obligations are projected at $6.034 billion, almost $700 million more than FY2022 obligations, which were $5.339 billion.

For the full report click HERE

For past reports click HERE