The Office of Budget and Management is the City of Chicago's chief financial agency. OBM staff assemble and oversee both the expense and capital budgets. OBM is also charged with overseeing the budgets of city departments, evaluating the efficiency and cost-effectiveness of City services and proposals, and providing vital information to government officials. OBM is responsible for monitoring and allocating federal and state grant funds, including the FEMA and HUD federal funds, as well as the COVID-19 federal stimulus funds that have been crucial in the city's recovery efforts. For more information, please visit the office FAQ page or the Glossary of Terms.