Summary
cond 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. In addition to analysis of projected second quarter financials, PICA’s Staff Report on the QCMR also identifies key management issues and tracks departmental performance for several City departments: • Overtime. FY2023 second quarter preliminary overtime costs were $68.5 million—or 13.4 percent of total wage costs. Through the second quarter overtime costs were $133.4 million —$35.5 million more than through the first two quarters of FY2022, an increase of 36.2 percent. • Police Department. Homicides decreased by 39 through the second quarter compared to last year, while shooting victims increased by 78, or 19.9 percent; the Homicide Clearance Rate through the second quarter was 51.9 percent; an improvement of 11.2 percent over last year while Part I Violent Crime increased by 5.2 percent. • Fire. Fire deaths in the second quarter have increased by 3 compared to the second quarter in FY2022. Second quarter structure fires decreased by 7 compared to last year and 61 compared to FY2021.