Department of Finance, FY 2014
July 1, 2014
M/WBE Letter Grade
Letter Grade Overview
DOF’s low procurement with M/WBEs in its largest procurement industries, professional and standard services, resulted in its failing grade. The agency exceeded the goal for Hispanic American businesses in goods procurement, but failed to meet goals in any other instance.
About DOF
The Department of Finance collects over $30 billion in revenue for the City and assesses more than one million properties currently valued at over $800 billion.
http://www.nyc.gov/html/dof/html/home/home.shtml
Agency Fiscal Year 2014 Spending within Local Law 174*
| African American | Asian American | Hispanic American | Women | Non M/WBE | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| $ | % | $ | % | $ | % | $ | % | $ | ||
| Construction | $0 | 0.00% | $0 | 0.00% | $0 | 0.00% | $0 | 0.00% | $0 | |
| Professional Services | $74,003 | 4.34% | $885,866 | No Goal | $0 | 0.00% | $43,920 | 1.82% | $13,209,327 | |
| Standard Services | $30,000 | 0.94% | $139,764 | 17.56% | $36,708 | 2.31% | $1,365 | 0.05% | $26,319,237 | |
| Goods < $100K | $13,648 | 14.13% | $3,284 | 2.98% | $292,797 | 424.52% | $111,247 | 32.26% | $958,461 | |
| Total LL174 Spending | $117,651 | $1,028,914 | $329,505 | $156,532 | $40,487,025 | |||||
| Weighted Grade | F | F | F | F | N/A | |||||
$ = the dollar amount spent in the Local Law 174 eligible category. % = the percentage of the Local Law 174 target that was achieved.
* Letter grades are calculated using a weighted average of agency spending across population groups and sectors. All dollars and percents are based on Local Law 174 and exclude categories described in Appendix D: Methodology. For a complete worksheet detailing how this agency grade was calculated, see Appendix B: Worksheets.
M/WBE Letter Grade Worksheet
| Category | C | PS | SS | G |
| African American (AFA) | 8% | 12% | 12% | 7% |
| Asian American (AA) | 8% | No Goal | 3% | 8% |
| Hispanic American (HA) | 4% | 8% | 6% | 5% |
| Women (W) | 18% | 17% | 10% | 25% |
| C: Construction PS: Professional Services. SS: Standard Services G: Goods | ||||
| Weighted % | Score | Avg. Score | Grade |
|---|---|---|---|
| > 80 | 5 | > 4.25 | A |
| > 60 | 4 | > 3.25 | B |
| > 40 | 3 | > 2.25 | C |
| > 20 | 2 | > 1.25 | D |
| < 20 | 1 | < 1.25 | F |
Step 1: Total Eligible Spending Per Industry
| Total Eligible Spending | C | PS | SS | G |
|---|---|---|---|---|
| $42,119,627 | $0 | $14,213,116 | $26,527,074 | $1,379,437 |
Step 2: Weighted Matrix (Industry Spending/Total Eligible Spending)
| Category | C | PS | SS | G |
|---|---|---|---|---|
| AFA, HA, W | 0.00% | 33.74% | 62.98% | 3.28% |
| AA | No Goal |
Step 3: Actual LL174 M/WBE Spending
| Category | C | PS | SS | G |
|---|---|---|---|---|
| African American | $0 | $74,003 | $30,000 | $13,648 |
| Asian American | $0 | $885,866 | $139,764 | $3,284 |
| Hispanic American | $0 | $0 | $36,708 | $292,797 |
| Women | $0 | $43,920 | $1,365 | $111,247 |
Step 4: Actual Spending Percentage (Actual LL174 M/WBE Spending/Industry Spending)
| Category | C | PS | SS | G |
|---|---|---|---|---|
| African American | 0.00% | 0.52% | 0.11% | 0.99% |
| Asian American | 0.00% | 6.23% | 0.53% | 0.24% |
| Hispanic American | 0.00% | 0.00% | 0.14% | 21.23% |
| Women | 0.00% | 0.31% | 0.01% | 8.06% |
Step 5: LL174 M/WBE Spending as Percentage of Target Achieved (Actual Spending Percentage/LL174 Target)
| Category | C | PS | SS | G |
|---|---|---|---|---|
| African American | 0.00% | 4.34% | 0.94% | 14.13% |
| Asian American | 0.00% | No Goal | 17.56% | 2.98% |
| Hispanic American | 0.00% | 0.00% | 2.31% | 424.52% |
| Women | 0.00% | 1.82% | 0.05% | 32.26% |
Step 6: Final Score
| Category | C | PS | SS | G |
|---|---|---|---|---|
| African American | 2.52% | F | 1 | 1 |
| Asian American | 16.84% | F | 1 | |
| Hispanic American | 15.36% | F | 1 | |
| Women | 1.70% | F | 1 |
Subcontract Data
| Total Reported Spending | LL174 Eligible Spending | Non Eligible Spending |
|---|---|---|
| No Data | No Data | No Data |
| LL174 Sub Spending | Construction | Goods | Professional Services | Standard Services | M/WBE Total |
|---|---|---|---|---|---|
| African American | No Data | No Data | No Data | No Data | No Data |
| Asian American | No Data | No Data | No Data | No Data | No Data |
| Hispanic American | No Data | No Data | No Data | No Data | No Data |
| Women | No Data | No Data | No Data | No Data | No Data |
| Industry Total | No Data | No Data | No Data | No Data | No Data |
