The third quarter FY11 QCMR projects General Fund revenues at $79.5 million above the Five-Year Plan, though obligations are $46.0 million higher than expected. The projected year-end fund balance declines to $5.1 million, reflecting increased personnel costs and slower-than-expected reimbursements.

The fourth quarter FY11 QCMR projects General Fund revenues to exceed the Five-Year Plan by $46.7 million, while obligations rise by $14.9 million. The final year-end fund balance is estimated at just $3.5 million, significantly below the original projection.

The first quarter FY12 QCMR projects General Fund revenues at $3.5 billion, slightly above the Five-Year Plan estimate, but obligations are expected to rise by $9.5 million. The projected year-end fund balance stands at $50.8 million, nearly $10 million below the original estimate.

The second quarter FY12 QCMR projects General Fund revenues at $3.52 billion, $14.5 million above the Five-Year Plan, with obligations expected to be $4.0 million higher. The projected year-end fund balance improves to $59.7 million, up from previous estimates.

The third quarter FY12 QCMR projects General Fund revenues at $3.53 billion, $15.3 million above the Five-Year Plan, with obligations expected to be $6.2 million higher than planned. The projected year-end fund balance increases to $65.4 million, reflecting stronger-than-expected tax revenues.

The first quarter FY11 QCMR projects a General Fund balance of $33.7 million, $0.8 million higher than the Five-Year Plan projection. The report attributes this improvement to higher-than-expected tax revenue collections, though rising employee benefit costs remain a concern.

The second quarter FY11 QCMR projects General Fund revenues to be $84.3 million above the Five-Year Plan, largely due to higher tax collections and intergovernmental aid. However, increased obligations reduce the expected year-end fund balance to $13.5 million, which is $20.4 million below the Plan estimate.

The fourth quarter FY10 QCMR reports a final year-end deficit of $51.7 million, an $800,000 decline from Q3, with higher-than-expected obligations in employee benefits and street maintenance. Tax collections improved slightly, aided by $27 million from a tax amnesty program.

The fourth quarter FY07 QCMR projects a final year-end General Fund balance of $215.7 million, consistent with the Five-Year Plan. Revenue collections exceeded projections, but rising pension, healthcare, and debt service costs remain concerns.

The first quarter FY10 QCMR projects a negative $30.8 million fund balance, driven by weak Wage Tax collections and reductions in state grants. Despite this, the report notes that FY10’s financial outlook is better than FY09, but still significantly lower than the Five-Year Plan projection.

The second quarter FY10 QCMR projects a $48.6 million deficit, a worsening of the financial outlook due to lower tax collections and increased spending. Wage and Sales Tax revenues fell, while snow removal costs and legal settlements increased obligations by $31.3 million.

The third quarter FY10 QCMR projects a $50.9 million deficit, with ongoing revenue challenges and increased labor and infrastructure costs. Wage Tax collections stabilized slightly, but Sales Tax revenue dropped by another $7.5 million, and expenditures increased for employee benefits and snow removal.