TL;DR (generated · confidence: high)

CBO and PCEF staff coordinated to develop a 5-year balanced forecast including inflation for PCEF allocations across recipient bureaus (PBOT, BES, Parks). A formal budget note response was sent to Citywide Leadership in December 2024. PCEF allocations replacing ongoing revenue have been tracked as distinct ongoing allocations in the budget system, with ongoing work to load 5-year amounts in base budgets for transparency.

Key points (each cites a PDF page):

CBO and PCEF staff to develop a 5-year balanced forecast for PCEF that includes inflation and aligns with program plans for each bureau receiving PCEF. (p. 294)
Formal budget note response was sent to Citywide Leadership Team in December 2024. (p. 294)
PCEF allocations that replaced ongoing revenue in PBOT, BES, and Parks were inflated and added at various budget process stages, categorized as ongoing PCEF allocations. (p. 294)
Further changes to ongoing PCEF allocations will be accounted and highlighted for leadership in the budget system. (p. 294)
CBO and PCEF staff will work with receiving bureaus to load annual amounts of 5-year allocations in base budgets for greater transparency and accountability. (p. 294)

📋 PCEF allocations · 🏛️ PBOT · BES · Parks

Final Update Status

Source: PDF p. 294 · raw: 294

Breadcrumb: 2 B&F › Budget-Note-Update----Forecasting-inflation-PCEF-allocations › Final Update Status

Next Steps (from June 2024) CBO & PCEF staff to meet to discuss a project plan in mid-July. End products will include a 5- year balanced forecast for PCEF that includes inflation and are aligned with program plans for each bureau receiving PCEF, as well as recommendations for changes to budgeting practices (e.g. use of functional areas) to align with the balanced forecast if needed. Status Update (from December 2024) CBO & PCEF staff to meet to discuss a project plan in mid-July. End products will include a 5- year balanced forecast for PCEF that includes inflation and are aligned with program plans for each bureau receiving PCEF, as well as recommendations for changes to budgeting practices (e.g. use of functional areas) to align with the balanced forecast if needed. Final Update Status Formal budget note response was sent to the Citywide Leadership Team in December 2024. PCEF allocations that replaced ongoing revenue in PBOT, BES, and Parks, were inflated and added at various stages of the budget process so far, categorized uniquely as ongoing PCEF allocations. Any further changes adding or removing ongoing PCEF allocations will be accounted as such in the budget system and highlighted for leadership. CBO and PCEF staff will continue to work with the receiving bureaus to receive projected allocation amounts across the five-year CIP with the intent to load annual amounts of the five-year allocations in the base budgets for greater transparency and accountability for changes made.

Parent: Budget-Note-Update----Forecasting-inflation-PCEF-allocations · PDF: p. 294