The 2013 Executive Budget Document
Innovation and Entrepreneurship Investment Authority
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http://www.cit.org/
]
Mission Statement
The Innovation and Entrepreneurship Investment Authority (IEIA) accelerates the next generation of technology and technology companies.
Operating Budget Summary
| General Fund | Nongeneral Fund | Personnel Cost | |
|---|---|---|---|
| 2009 Appropriation | $ 5,295,878 | $ 0 | $ (312,000) |
| 2010 Appropriation | $ 4,111,460 | $ 0 | $ (312,000) |
| 2011 Appropriation | $ 4,473,512 | $ 0 | $ 0 |
| 2012 Appropriation | $ 4,973,750 | $ 0 | $ 0 |
| 2013 Addenda | $ 5,926,877 | $ 0 | $ 0 |
| 2013 Addenda | $ 0 | $ 0 | $ 0 |
| 2013 Total | $ 5,926,877 | $ 0 | $ 0 |
| 2014 Addenda | $ 5,926,877 | $ 0 | $ 0 |
| 2014 Addenda | $ (144,377) | $ 0 | $ 0 |
| 2014 Total | $ 5,782,500 | $ 0 | $ 0 |
| General Fund | Nongeneral Fund | Total Positions | |
|---|---|---|---|
| 2009 Appropriation | 0.00 | 0.00 | 0.00 |
| 2010 Appropriation | 0.00 | 0.00 | 0.00 |
| 2011 Appropriation | 0.00 | 0.00 | 0.00 |
| 2012 Appropriation | 0.00 | 0.00 | 0.00 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Addenda | 0.00 | 0.00 | 0.00 |
| 2013 Total | 0.00 | 0.00 | 0.00 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Addenda | 0.00 | 0.00 | 0.00 |
| 2014 Total | 0.00 | 0.00 | 0.00 |
Recommended Operating Budget Addenda
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Eliminate funding for the replacement of infrastructure assetsEliminates funding originally budgeted for the replacement of certain infrastructure assets that are at end of life such as audio equipment for agency conference rooms and general office furniture.
FY 2013 FY 2014 General Fund $ 0 $ (87,000)
-
Eliminate funding for web design of program and client service reportingEliminates funding for the development and implementation of an interactive map of agency programs and client services on the agency's Web site.
FY 2013 FY 2014 General Fund $ 0 $ (50,000)
-
Adjust funding for changes in methodology for Oracle related chargesAdjusts the agency's budget for the general fund share of the impact of VITA charges resulting from a planned change in the rates methodology as applied to Oracle specific costs effective July 1, 2013. Under the new methodology, Oracle costs will be charged directly to those few agencies with Oracle licenses rather than sharing the costs via standard server rates among the many agencies using the servers on which the Oracle software resides as is currently done.
FY 2013 FY 2014 General Fund $ 0 $ (7,377)