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 is one way of showing 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 2018-19 EXPENDITURES: BUDGETED VS. ACTUAL

How San Francisco is Performing

In the most recent 9-month budget report for FY 2018-19, projected total actual expenditures are expected to be $41.6 million less (0.9 percent) than budgeted expenditures. The most significant variance from the FY 2018-19 General Fund budget is a $12.7 million decrease in projected spending by the Human Services Agency (HSA), though this only represents 1.5 percent of HSA's General Fund budget.

Actual Revenues vs. Budget

Fiscal Year 2018-19
Target: 2.0% variance
Target Status: NEEDS IMPROVEMENT

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 2018-19 REVENUES: BUDGETED VS. ACTUAL

How San Francisco is Performing

In the most recent 9-month budget report for FY 2018-19, citywide revenues increased by $261.3 million (4.6 percent) compared to budgeted revenues. This change is primarily due to higher-than-budgeted revenue from gross receipts taxesreal property transfer taxes, and income from investments and interest. These gains are partially offset by lower-than-expected revenues from payroll taxes and property taxes.

Additional Information

Data

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