A special review of the Office of Inspector General’s Exempt Expenditures was done by Mitchell and Titus to assist the Office of Compliance to determine whether: (a) the IGO’s expense calculations are in accordance with the established procedures and controls regarding those expenditures; and (b) the IGO’s expenditures within each of the confidential line items … [Read More...]
Yesterday, the administration released its proposed 2012 budget. As in past years, the proposed budget was presented in pdf format. To help facilitate analysis of the City’s budget, we have converted the pdf into Excel and CSV files.
The City of Chicago’s Small Business Improvement Fund (SBIF) is a program which reimburses recipients for eligible improvements to buildings. Since 2000, the SBIF program has funded over $28 million in grants to over 600 applicants. SBIF is funded by Tax Increment Financing (TIF) revenues and administered by SomerCor 504, a non-profit development firm. SBIF … [Read More...]
State Law requires that all governmental units publish within six months of the close of each fiscal year (December 31 for Chicago), financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited by a licensed public accountant. The purpose of the Comprehensive Annual Financial Statement (CAFR) is to provide complete and accurate … [Read More...]
The City has recently posted all overtime payments made during 2008, 2009, 2010, and thru April 2011. (Notably excluded is overtime payment data for the Chicago Police Department, which is the department where the most overtime payments occur.) The City posted this data in a pdf format, instead of in a format that easily enables … [Read More...]
Every year the City must conduct a Single Audit – Report on Federal Grant Awards that provides audited financial information on the City’s grant spending. The report details how much the City has spent in each federal grant program. It also details the auditors’ findings regarding the City’s compliance with some of the requirements of … [Read More...]
Some of the City’s offices and other spaces needed for its operations, such as warehouses, are leased from private property owners. At the link on the Department of General Service’s website to the right, you can find a current list of leases the City has entered into. The list includes information on the property owner, … [Read More...]
The City of Chicago Office of Inspector General (IGO) released the Excel Version of the 2011 City Budget.