Expenditures and Revenues vs. Budget

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Finance

Actual Expenditures vs. Budget

Fiscal Year 2018-19
Target: 0.0% variance
Target Status: MEETING TARGET

Measuring the difference between actual General Fund expenditures versus the adopted budget helps us understand how well the City is managing spending. The goal is to spend in line with, and not in excess of, budgeted amounts. This variance from budgeted amounts is projected quarterly through budget status reports prepared by the Controller’s Office. Actual results are known and published at the end of the fiscal year in the City’s Comprehensive Annual Financial Report (CAFR).

Click the [+] symbol under the Major Service Area column header to expand each category and see more detail. To find more information about the City's budget and spending, visit openbook.sfgov.org.

FY 2019-20 EXPENDITURES: BUDGETED VS. ACTUAL

How San Francisco is Performing

In the most recent Six-Month Budget Report for FY 2019-20, actual projected expenditures are $57 million (1 percent) less than budgeted expenditures. 

Actual Revenues vs. Budget

Fiscal Year 2019-20
Target: 2.0% variance
Target Status:
MEETING TARGET

Measuring General Fund revenues versus the projections adopted in the annual budget is a means of determining how well the City’s tax revenue base is performing versus expectations. The goal is to collect revenues in accordance with, and not below, budgeted amounts. This variance from budgeted amounts is projected quarterly through budget status reports prepared by the Controller’s Office. Actual results are known and published at the end of the fiscal year in the City’s Comprehensive Annual Financial Report (CAFR).

Click the [+] symbol under the Revenue Type column header to expand each category and see more detail. To find more inforamtion about the City's budget and spending, visit openbook.sfgov.org.

PROJECTED FY 2019-20 REVENUES: BUDGETED VS. ACTUAL

How San Francisco is Performing

In the most recent Six-Month Budget Report for FY 2019-20, actual projected revenues are $67 million (1 percent) higher than budgeted revenues. 

Employment and payroll growth drive many of the City's tax revenues, which grew from $3 billion in FY 14-15 to $4.4 billion in FY 2018-19. The largest tax revenues are property taxes, which increased 9.2 percent in FY 2018-19, and business taxes, which increased 2.3 percent. Growth in revenue from property taxes generally reflects the increase in assessed value of real estate in the City, but in FY 2018-19 the City also received $548 million in one-time Excess ERAF revenue returned by the state.

Other local taxes increased by $91.2 million compared to 2018 (or 21.5 percent), mainly due to increases in real property transfer tax. This revenue is one of the most volatile of all sources and is highly sensitive to economic cycles, interest rates, and large transactions.

For more discussion and analysis, see the Six-Month Budget Report for FY 2019-20, or the 2019 Comprehensive Annual Financial Report (CAFR) on page 12 for FY 2018-19 results.

Additional Information

Data

Please click first on the chart above and then click the “Download” button in the bottom right corner of the visualization to view and download the data displayed in the chart.