Summary
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. In addition to analysis of projected first quarter financials, PICA’s Staff Report on the QCMR also identifies key management issues and tracks departmental performance for several City departments: • Overtime. FY2023 first quarter preliminary overtime costs were $64.9 million—or 15.1 percent of total wage costs—$16.6 million more than in the first quarter of FY2022, an increase of 34.4 percent • Police Department. Homicides increased by 8 through the first quarter compared to last year, while shooting victims decreased by 21, or 3.1 percent; the first quarter Homicide Clearance Rate was 39.1 percent; a slight decrease over of last year while Part I Violent Crime increased by 22.4 percent • Prisons. Inmates in Educational or Treatment Programs in the first quarter increased to 79.1% compared to last year, or by 7.8 percentage points after decreasing in recent years due to COVID-19; however, the reincarceration rate increased by 15.0 percentage points to 34.0 percent