FY2023 Fund Balance Projected to be $614.9 Million
The City of Philadelphia’s Quarterly City Managers Report (QCMR) for the third quarter (period ending March 31, 2023) of FY2023 projects a year-end fund balance of $614.9 million—$242.7 million higher than projected in the City’s FY2023-FY2027 Five Year Plan. Obligations are projected at nearly $6.1 billion, over $740 million more than FY2022 obligations, which were $5.3 billion.
For the full report click HERE
For past reports click HERE