BUSINESS ADMINISTRATION & FISCAL

Business Administration & Fiscal Operations

Our Business Administration and Fiscal Operations Division focuses on managing the budgets and fiscal operations of the department and ensures daily operations and human resources support to aid in the department’s vision and goals.

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. FY2016 Operating Budget DCED’s operating budget for Operations (human services and monitoring), the Housing and Community Development Division, the Economic Development Division, and the Major Projects Division is 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.

Allocation of the CDBG administrative funds was as follows: • 65% - Business Administration and Fiscal Operations Division • 21% - Housing and Community Development Division • 14% - Economic Development Division and Major Projects Division

FY2016 Capital Funding In FY2016, our department secured capital funding to support 26 projects, for new housing development and neighborhood business district improvements. In total, DCED was awarded approximately $15.1 million in capital dollars, 24% of which went to housing and 76% to economic development. CY2016 CDBG Programs In addition to the administrative funds received from CDBG, our department also receives program funding. These funds, unlike the others, are distributed on a calendar year basis. In 2016 we were awarded approximately $7 million, which funded 19 different programs administered, either directly or indirectly through agency service providers, throughout the department’s various divisions. See Figure 4 below for funding allocation information.

Division

Monitoring and Compliance FIGURE 4: CDBG PROGRAM FUNDS ALLOCATION

Allocation Programs Supported 16%

65% • Summer Youth Employment Program • Mill Creek Restoration • Findlay Market Operating Support • Vacant Lot Reutilization

• Affordable Multi-Family Rental • Hand Up Initative • CoreFour Strategic Housing Program • Compliance Assistance Repairs for the Elderly (CARE) • Blueprint for Success • Emergency Mortage Assistance • Fair Housing Services • Housing Repair Services • Operating Support for CDCs • Tenant Representation • Urban Homesteading

19% • Small Business Services • Neighborhood Business District Improvement Program (NDBIP) • Commercial and Industrial Redevelopment

Housing and Community Development Division

Economic Development