City Ends FY2018 with $228.5 Million Fund Balance
Spending Increased by $318 Million Over Last Year
August 28, 2018 — Estimated year end fund balance totaled $228.5 million, according to PICA’s Staff Report on the City of Philadelphia’s Quarterly City Managers Report (“QCMR”) for the fourth quarter (period ending June 30, 2018). General Fund Revenues totaled $4,474.4 million in FY2018, $316.2 million more than last year, however, obligations kept pace with these increased revenues, totaling $4,458.1, $318.3 million more than last year.
For the full report, click here.
To view the accompanying press release, click here.
For past reports, click here.