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Overview
Overview
In addition to filing an annual report of its activities, the Board is required by Home Rule Charter Section 3-806(k) to provide an annual accounting of its expenditures. As reported below, the Board spent a total of $1,048,993 between July 1, 2023 and June 30, 2024.
Factors affecting spending
Factors affecting spending
Three major factors contributed to spending below the Board’s FY2024 total appropriation:
The amount spent in Class 100 funds during FY2024 was less than appropriated due to staff turnover. Nevertheless, by the end of FY2024 the Board was on track to hiring an 11th staff member. We will continue to fill open positions in FY2025 to target full staffing of the Board.
The amount spent in Class 200, Purchase of Services during FY2024 was less than the amount appropriated for FY2024. This is primarily because the Board cannot know with any certainty during the budget process how much Class 200 funding will be needed in the next fiscal year to purchase professional services for accounting, computer and other forensic professional services related to complex investigative matters, and for professional information technology services.
Significant portions of our Class 300 and 400 budgets, which cover materials and supplies were not spent in FY2024. The Board continues to have reserves of supplies not used while the office was closed due to the pandemic. We expect that expenditures will be much closer to our FY2025 Target Budget as the Board needs to restock.
Spending Breakdown
Spending Breakdown
Between July 1, 2023 and June 30, 2024, Board spending included the following:
Class 100 – Personal Services: $1,019,460
Class 100 – Personal Services: $1,019,460
Class 200 – Purchase of Services: $29,128
Class 200 – Purchase of Services: $29,128
Class 300/400 – Materials, Supplies & Equipment: $405
Class 300/400 – Materials, Supplies & Equipment: $405
Total FY2023 Expenses = $1,048,993
Total FY2023 Expenses = $1,048,993
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