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170332Signed Into Law

Council Gives Finances Director Power to Transfer Funds Between City Accounts This Year

Localmedium impact · 5/10substantive170332

Council Gives Finances Director Power to Transfer Funds Between City Accounts This Year

Official:Authorizing transfers in appropriations for Fiscal Year 2017 from the General Fund, certain or all City offices, departments, boards and commissions, the Grants Revenue Fund, certain or all City offices, departments, boards and commissions to the General Fund, certain or all City offices, departments, boards and commissions, the Water Fund, certain or all City offices, departments, boards and commissions, and the Community Development Fund, certain or all City offices, departments, boards and commissions.

Sponsor: Councilmember Quiñones Sánchez

Introduced: April 6, 2017

Signed: May 11, 2017

: Committee on Appropriations

financelocal funds

Status: Signed into Law, step 4 of 4

Introduced
In Committee
Passed Council
Signed into LawNow

Plain-Language Summary

This bill allows the Director of Finance to transfer funds between different city accounts, such as the General Fund and the Community Development Fund, for Fiscal Year 2017.

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Philadelphia Context

City Budget

Total FY2025 operating budget: $6.3 billion
General Fund: $5.6 billion
Police Dept: $885 million
Human Services: $520 million
Fire Dept: $298 million

City of Philadelphia FY2025 Operating Budget

Philadelphia Overview

Population: 1,576,251
Median household income: $52,649
Poverty rate: 21.8%
Unemployment rate: 6.2%
Adults with bachelor's degree: 32.4%

U.S. Census Bureau ACS 2022

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