ACOG FY 2024 BUDGET APPROVED
OKLAHOMA CITY — The ACOG Board of Directors approved the FY 2024 Budget at the Board meeting held on June 29, at the ACOG office, located at 4205 N. Lincoln Blvd.
The FY 2024 Budget, totaling $13,955,485 reflects an overall increase of $866,464 in revenue compared to the FY 2023 Budget. Most of this increase is due to the following major factors: significant rise in the Federal Transit Administration (FTA) 5303 funds; growth in the Federal Highway Administration (FHWA) Congestion Mitigation and Air Quality (CMAQ) Small Grants pass-through funds; increase in the Oklahoma Highway Safety Office (OHSO) Safety Grant funding; growth in the Department of Energy (DOE) Clean Cities Outreach money; award of two new grants – the $1 million four-year EPA Climate Pollution Reduction Grant (CPRG) and the DOE funded Drive Electric USA Grant; a 7 percent adjustment for FY 2024 Membership Dues; increase in the 911 ACOG Administrative Contract; and a rise in the In-Kind Matching Contributions for both FTA 5303 and CMAQ.
Pertaining to expenditures, the total for the FY 2024 Budget is $13,781,969 which reflects an increase of $695,730 compared to the FY 2023 Budget. This increase essentially correlates with the previously identified revenue changes: utilization of Federal Transit Administration (FTA) 530 Planning funds; FHWA – CMAQ Small Grants expenditures; cost of engaging in two new programs – EPA Climate Pollution Reduction Grant (CPRG) and the DOE Drive Electric Grant; increased 911 ACOG Administrative Contract expenditures, and a 6.5 percent building rent adjustment from the Oklahoma County Public Authority (OCPA) for the next 12 month lease agreement.
ACOG, as the designated regional planning agency for Central Oklahoma, provides a forum for elected officials to come together and solve common problems. With local elected official guidance and consent, it also administers and manages the state and federal grant programs for which it receives funds. Through various grant funding mechanisms, membership dues, and service fees, ACOG administers four major service areas: Transportation Planning Services (Metropolitan Planning Organization – MPO), 911 & Public Safety, Community & Economic Development, and Water Resources.
The principles applied to the development of this budget and work plan are (1) the preservation and continuation of ongoing basic services to member governments of ACOG, (2) maintenance of ACOG planning and plan coordination programs at a level to allow for continued certification by state and federal agencies, (3) ongoing progress in regional priority program areas, and (4) seeking out new and sustainable funding sources for the agency.
The FY 2024 Budget is a balanced budget with revenue sources essentially matching projected expenditures. Likewise, the services outlined in the budget/work plan and the recommended allocation of revenues are consistent with the policies of the ACOG Board of Directors, 911 ACOG Board of Directors, ACOG MPO Policy Committee (MPO PC), and Garber-Wellington Association Policy Committee (GWAPC).
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