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230767Signed Into Law

Finance Director Authorized to Transfer Funds Between City Funds for Fiscal Year 2024

Localmedium impact · 5/10substantive230767

Finance Director Authorized to Transfer Funds Between City Funds for Fiscal Year 2024

Official:Authorizing transfers in appropriations for Fiscal Year 2024 from the General Fund, certain or all City offices, departments, boards and commissions, and 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 County Liquid Fuels Tax Fund, certain or all City offices, departments, boards and commissions, the Municipal Pension Fund, certain or all City offices, departments, boards and commissions, and the Transportation Fund, certain or all City offices, departments, boards and commissions.

Sponsor: Council President Clarke

Introduced: November 2, 2023

Signed: December 14, 2023

: Committee on Appropriations

civil service finance

Status: Signed into Law, step 4 of 4

Introduced
In Committee
Passed Council
Signed into LawNow

Plain-Language Summary

This bill authorizes the Director of Finance to transfer funds within and between various city funds for Fiscal Year 2024.

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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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