Business Administration & Fiscal Operations Our Business Administration and Fiscal
FY2016 Operating Budget
Operations Division focuses on managing
DCED’s operating budget for Operations
the budgets and fiscal operations of the
(human services and monitoring), the
department and ensures daily operations
Housing and Community Development
and human resources support to aid in the
Division, the Economic Development
department’s vision and goals.
Division, and the Major Projects Division is
BUDGETS AND PROGRAMS The DCED total budget for fiscal year 2016 (FY2016) was approximately $46 million. FY2016 Parking Facilities Division Budget Parking Facilities is an enterprise fund, meaning that its financial reporting is separate from the rest of the department because a fee is charged for parking services. The FY2016, operating budget for Parking Facilities was approximately $12.7 million. As for the rest of the department, the Business Administration and Fiscal Operations Division managed over $33.3 million in FY2016, including general fund operating, general fund capital, Community Development Block Grant (CDBG) administrative funds, and CDBG program funds.
comprised of both general fund operating and CDBG funding. In FY2016, which runs from July 2015 to June 2016, the Department had a general fund budget of approximately $9.5 million. Allocation of these funds was as follows: • 66% - Business Administration and Fiscal Operations Division • 8% - Housing and Community Development Division • 26% - Economic Development Division and Major Projects Division Additionally, DCED received approximately $1.7 million in administrative funding from CDBG. These funds are primarily used to fund staff that administer the HOME Investment Partnerships (HOME), CDBG, Emergency Solutions Grant (ESG), and Housing Opportunities for Persons with AIDS (HOPWA) annual programs and projects, as described in the 2015-2019 City of Cincinnati Consolidated Plan. The Consolidated Plan is approved by the U.S. Department of Housing and Urban Development (HUD) and annually reported by the City.
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