QUESTION
What are the program budget figures for future fiscal years and why is there a decrease?
1:27:31
·
54 sec
The budget for agency programs in upcoming fiscal years exhibits a reduction, but funds are reallocated to maintain program funding levels.
- For FY 2024, the budget is $21,400,000; it decreases to $18,500,000 for FY 2025.
- The decrease in the budget is attributed to compensation adjustments.
- Despite the decrease, $6,300,000 of intercity and state funding is reallocated to ensure no reduction in program funding.
- The reallocation of funds emphasizes the commitment to sustaining program funding levels despite budgetary changes.
Gale A. Brewer
1:27:31
So I just had 2 a couple of questions.
1:27:32
What's your program percentage?
1:27:35
Just generally in terms of your agency, like, what's the percentage of budget that goes towards program?
Juanita Holmes
1:27:42
What is it?
1:27:42
21,000,000 for programs
Melissa Cintrón Hernández
1:27:44
or f y 20 5 is approximately $18,500,000 for FY20 5.
1:27:51
For FY 24 was 21,400,000.
Gale A. Brewer
1:27:54
21, and 24, and 18, and 25.
Melissa Cintrón Hernández
1:27:57
21.4, followed by 24.
1:28:00
And 18.5 for FY 25.
Gale A. Brewer
1:28:03
Why is it going down?
Juanita Holmes
1:28:05
That's due to the pay?
Gale A. Brewer
1:28:06
Due to the pay.
1:28:07
Yes.
Juanita Holmes
1:28:07
Right.
1:28:08
But it's technically we still have funding.
1:28:10
I have enter city funding that we I've 6,300,000 that I plug right back into that.
1:28:16
So we're not losing any money, any funding for programs.
1:28:19
That's I'm I'm not allowing that to happen.
1:28:21
There's money there.
1:28:22
There's state funding as well.
Gale A. Brewer
1:28:24
Okay.