Q&A
IBO's reestimate process for analyzing agency budgets
1:49:48
·
95 sec
Sarah Parker explains IBO's reestimate process for analyzing agency budgets and identifying areas of under- or over-budgeting.
- IBO examines historical spending, policy changes, and current spending trends to calculate expected costs
- They compare their calculations to the amounts in the budget to identify discrepancies
- Examples of areas with discrepancies include citywide staffing and housing vouchers
- IBO considers the multi-year impact of programs when assessing future year budgets
Sarah Parker
1:49:48
So one of the things we do at IBO, we call these reestimates or repricings.
1:49:53
We look at city agency budgets and look at historical spending, whether there's any policy changes that we believe will change how much of a program or a service will cost current spending trends.
1:50:08
And we use that to calculate how much we think continuing an existing program at a similar size, if there's an announced expansion, how much this will cost, and then we compare that total amount against what is in the budget.
1:50:21
There are several places that IBO has identified where either costs are we believe are higher or lower than what is in the budget.
1:50:30
So the the citywide staffing is an area where in looking at how much we've spent to date and what's left in the year, we believe that there is there is savings to be had relative to what's in the budget.
1:50:43
Other areas such as housing vouchers, the city FAPs program, we're looking at the historical to date cost of the program.
1:50:50
We look at the funding amount they've put in this year and plan to spend this year, and then look at the future years, and we see that in the the administration's budget, there is much lower spending anticipated.
1:51:03
Because the vouchers carry through multiple years, it is unlikely that the cost this year is going to be that the cost next year will be less than the cost this year.
Justin Brannan
1:51:14
Got it.
1:51:16
Okay.
1:51:16
I wanna turn to my colleagues for a few few questions, and I'll I'll have a few more.
1:51:21
Questions from council member Brewer followed by Williams.
