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 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.

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 FY07 QCMR maintains a projected General Fund balance of $171.7 million, with continued revenue growth offset by rising costs. The City remains at risk of long-term budget imbalances if expenditure trends continue.

The second quarter FY07 QCMR projects a General Fund balance of $171.7 million, a decrease from the prior quarter due to continued expenditure growth. Revenue projections remain strong, but long-term fiscal risks persist.

The first quarter FY07 QCMR projects a General Fund balance of $198.4 million, higher than the Five-Year Plan projection but lower than the prior year due to rising costs in pensions, healthcare, and debt service. Strong wage and business privilege tax collections offset some financial risks.

The first quarter FY06 QCMR projects a General Fund balance of $142.5 million, a $120.3 million improvement from the Five-Year Plan, due to strong tax revenues and expenditure control. However, rising employee benefits and fuel costs present ongoing financial risks.

The second quarter FY06 QCMR projects a General Fund balance of $168.6 million, driven by increased tax revenues and reduced obligations. However, federal funding shortfalls for human services and rising pension costs remain key risks.

The third quarter FY06 QCMR maintains a projected General Fund balance of $168.6 million, with stable revenues and obligations aligning with Five-Year Plan projections. However, long-term concerns about rising pension, healthcare, and debt service costs persist.

The fourth quarter FY06 QCMR projects General Fund revenues at $3.53 billion, matching the Five-Year Plan projection, while obligations remain at $3.44 billion, with no change from prior estimates. The year-end fund balance is projected at $201.6 million, which exceeds the minimum Government Finance Officers Association (GFOA) recommendation but remains below long-term stability targets.

The fourth quarter FY05 QCMR reports a projected General Fund balance of $26.7 million, in line with the Five-Year Plan. However, growing pension and health care costs, coupled with revenue reliance on volatile sources, pose long-term risks.