Department of Finance, FY 2015
September 1, 2015
M/WBE Letter Grade
Letter Grade Overview
DOF moved up one grade this year, mainly by increasing spending on goods with Women-owned businesses. In addition, DOF hired a Chief Diversity Officer (CDO) to oversee M/WBE procurement.
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 2015 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 | $35,616 | 1.95% | $920,769 | No Goal | $0 | 0.00% | $156,068 | 6.04% | $14,085,015 | |
| Standard Services | $31,619 | 3.28% | $105,789 | 43.93% | $3,765 | 0.78% | $60,895 | 7.59% | $7,824,145 | |
| Goods < $100K | $18,789 | 30.62% | $10,114 | 14.43% | $191,030 | 435.89% | $242,219 | 110.54% | $414,349 | |
| Total LL174 Spending | $86,024 | $1,036,673 | $194,795 | $459,181 | $22,323,508 | |||||
| Weighted Grade | F | C | 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 |
|---|---|---|---|---|
| $24,100,181 | $0 | $15,197,467 | $8,026,213 | $876,500 |
Step 2: Weighted Matrix (Industry Spending/Total Eligible Spending)
| Category | C | PS | SS | G |
|---|---|---|---|---|
| AFA, HA, W | 0.00% | 63.06% | 33.30% | 3.64% |
| AA | No Goal |
Step 3: Actual LL174 M/WBE Spending
| Category | C | PS | SS | G |
|---|---|---|---|---|
| African American | $0 | $35,616 | $31,619 | $18,789 |
| Asian American | $0 | $920,769 | $105,789 | $10,114 |
| Hispanic American | $0 | $0 | $3,765 | $191,030 |
| Women | $0 | $156,068 | $60,895 | $242,219 |
Step 4: Actual Spending Percentage (Actual LL174 M/WBE Spending/Industry Spending)
| Category | C | PS | SS | G |
|---|---|---|---|---|
| African American | 0.00% | 0.23% | 0.39% | 2.14% |
| Asian American | 0.00% | 6.06% | 1.32% | 1.15% |
| Hispanic American | 0.00% | 0.00% | 0.05% | 21.79% |
| Women | 0.00% | 1.03% | 0.76% | 27.63% |
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% | 1.95% | 3.28% | 30.62% |
| Asian American | 0.00% | No Goal | 43.93% | 14.43% |
| Hispanic American | 0.00% | 0.00% | 0.78% | 435.89% |
| Women | 0.00% | 6.04% | 7.59% | 110.54% |
Step 6: Final Score
| Category | C | PS | SS | G |
|---|---|---|---|---|
| African American | 3.44% | F | 1 | 1.5 |
| Asian American | 41.03% | C | 3 | |
| Hispanic American | 16.11% | F | 1 | |
| Women | 10.36% | F | 1 |
Subcontract Data
| Total Reported Spending | LL174 Eligible Spending | Non Eligible Spending |
|---|---|---|
| $5,378,468 | $226,963 | $5,151,506 |
| LL174 Sub Spending | Construction | Goods | Professional Services | Standard Services | M/WBE Total |
|---|---|---|---|---|---|
| African American | $0 | $0 | $10,000 | $0 | $10,000 |
| Asian American | $0 | $0 | $0 | $0 | $0 |
| Hispanic American | $0 | $0 | $0 | $0 | $0 |
| Women | $0 | $0 | $156,068 | $60,895 | $216,963 |
| Industry Total | $0 | $0 | $166,068 | $60,895 | $5,378,468 |
