The Q3 report projects higher revenues and slightly higher spending than earlier estimates, resulting in a General Fund balance of $882 million—13.6% of revenues and well above the City’s internal target. Notable adjustments include increased revenue from Wage and Business Taxes, reduced personnel and debt service costs, and increased spending on 2026 events and wellness…

The first quarter FY23 QCMR projects General Fund revenues at $5.73 billion, $24.5 million above the Five-Year Plan, while obligations are projected at $6.02 billion, $177.9 million higher than expected. The year-end fund balance is projected at $505.3 million, $133.1 million higher than the Five-Year Plan estimate, representing 8.4% of obligations.

The fourth quarter FY22 QCMR projects General Fund revenues at $5.49 billion, $410.9 million above the Revised Five-Year Plan, while obligations have declined to $5.32 billion, $28.1 million below projections. The final year-end fund balance is estimated at $492.4 million, $358.5 million above the Five-Year Plan estimate, ensuring a stronger financial position​.

The third quarter FY22 QCMR projects General Fund revenues at $5.43 billion, $353.2 million above the Revised Five-Year Plan, while obligations have risen to $5.36 billion, $16.7 million higher than projected. The year-end fund balance is now expected to reach $389.9 million, $256 million above prior projections, representing 7.2% of obligations​.

The second quarter FY22 QCMR projects General Fund revenues at $5.18 billion, $104.3 million above the Revised Five-Year Plan, while obligations have risen to $5.37 billion, $24.0 million higher than projected. The year-end fund balance is now projected at $133.7 million, $200,000 below the Revised Five-Year Plan, remaining below the City’s fiscal target​.

The first quarter FY22 QCMR projects General Fund revenues at $5.08 billion, $177.4 million below the Five-Year Plan, while obligations have increased to $5.35 billion, $47.3 million higher than expected. The year-end fund balance is now projected at $133.9 million, $47.3 million higher than the original Five-Year Plan estimate but far below the City’s 6-8% target​.

The fourth quarter FY21 QCMR projects General Fund revenues at $4.62 billion, $33.5 million above the Five-Year Plan, while obligations have risen to $4.92 billion, $114.6 million higher than projected. The final year-end fund balance is estimated at $78.8 million, $27.4 million above the original Five-Year Plan projection, bolstered by federal relief funds.

The second quarter FY21 QCMR projects General Fund revenues at $4.60 billion, $20.6 million above the Five-Year Plan, while obligations have risen to $4.93 billion, $129.3 million higher than projected. The year-end fund balance is now projected at $29.1 million, $22.3 million below the Five-Year Plan projection, showing continued fiscal strain.

The first quarter FY21 QCMR projects General Fund revenues at $4.58 billion, $0.7 million above the Five-Year Plan, while obligations have increased to $4.87 billion, $65.0 million higher than expected. The year-end fund balance is projected at $22.8 million, $28.4 million lower than the Five-Year Plan projection, signaling financial strain from pandemic-related expenditures.

The third quarter FY21 QCMR projects General Fund revenues at $4.60 billion, $16.8 million above the Five-Year Plan, while obligations are projected at $4.93 billion, $124.9 million higher than expected. The year-end fund balance is projected at $51.7 million, matching the Five-Year Plan estimate but reflecting continued expenditure challenges.

The fourth quarter FY20 QCMR projects General Fund revenues at $4.86 billion, $57.6 million below the Five-Year Plan, while obligations are projected at $5.09 billion, $61.9 million higher than expected. The final year-end fund balance is estimated at $254.9 million, which is $45.0 million above the original Five-Year Plan projection, though revenue declines were driven by the COVID-19 pandemic.

The third quarter FY20 QCMR projects General Fund revenues at $4.94 billion, $21.0 million above the Five-Year Plan, while obligations are projected at $5.15 billion, $127.4 million higher than originally estimated. The year-end fund balance is projected at $268.0 million, exceeding Five-Year Plan expectations by $58.1 million, but the City acknowledges revenue losses due to the COVID-19 pandemic.