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cafr2015.pdf
THE CITY
OF
NEW YORK NEW YORK
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
OF THE
COMPTROLLER FOR THE
FISCAL YEAR ENDED JUNE 30, 2015
SCOTT M. STRINGER Comptroller
Compliments of
SCOTT M. STRINGER
Comptroller
The City
of
New York
Comprehensive Annual Financial Report
of the
Comptroller for the
Fiscal Year Ended June 30, 2015
SCOTT M. STRINGER Comptroller
MICHELE MARK LEVINE, CPA Deputy Comptroller/Chief Accountant
SCOTT M. STRINGER Comptroller
Comprehensive Annual Financial Report of the Comptroller of The City of New York for the Fiscal Year Ended June 30, 2015
________________
Table of Contents
INTRODUCTORY SECTION—PART I
Comptroller’s Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xiii Certificate of Achievement for Excellence in Financial Reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xxxvii The Government of The City of New York . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xxxviii Principal Officials of The City of New York . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xxxix
FINANCIAL SECTION—PART II
Independent Auditors’ Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Management’s Discussion and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
BASIC FINANCIAL STATEMENTS—PART II-A
Government-wide Financial Statements: Statement of Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Statement of Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Statement of Activities—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Statement of Activities—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Fund Financial Statements: Governmental Funds—Balance Sheet—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Governmental Funds—Balance Sheet—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position— June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position— June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Governmental Funds—Statement of Revenues, Expenditures, and Changes in Fund Balances— for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Governmental Funds—Statement of Revenues, Expenditures, and Changes in Fund Balances— for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . 48 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . 49 General Fund—Statement of Revenues, Expenditures, and Changes in Fund Balance—Budget and Actual—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 General Fund—Statement of Revenues, Expenditures, and Changes in Fund Balance—Budget and Actual—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Fiduciary Funds—Statement of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 Fiduciary Funds—Statement of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 Fiduciary Funds—Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2015 . . . . . . . . 54 Fiduciary Funds—Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2014 . . . . . . . . 55 Component Units—Statement of Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Component Units—Statement of Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 Component Units—Statement of Activities—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Component Units—Statement of Activities—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . 59
v
Notes to Financial Statements: A. Summary of Significant Accounting Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 B. Reconciliation of Government-Wide and Fund Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 C. Stewardship, Compliance, and Accountability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 D. Detailed Notes on All Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 E. Other Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
REQUIRED SUPPLEMENTARY INFORMATION—PART II-B
A. Schedule of Changes in the City’s Net Pension Liability and Related Ratios for Single-Employer Pension Plans at June 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129
B. Schedule of the City’s Proportionate Share of the Net Pension Liabilities of Cost-Sharing Multiple-Employer Pension Plans at June 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130
C. Schedule of City Contributions for All Pension Plans for the Fiscal Years ended June 30 . . . . . . . . . . . . . . 131 D. Schedule of Funding Progress for the New York City Other Postemployment Benefits Plan . . . . . . . . . . . . 135
SUPPLEMENTARY INFORMATION COMBINING FINANCIAL INFORMATION—GOVERNMENTAL FUNDS—PART II-C
Nonmajor Governmental Funds—Combining Balance Sheet—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 Nonmajor Governmental Funds—Combining Balance Sheet—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 141 Nonmajor Governmental Funds—Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142 Nonmajor Governmental Funds—Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143 Schedule NGF1—Nonmajor Capital Projects Funds—Combining Balance Sheet Schedule—June 30, 2015 . . . . . 144 Schedule NGF2—Nonmajor Capital Projects Funds—Combining Balance Sheet Schedule—June 30, 2014 . . . . . 145 Schedule NGF3—Nonmajor Capital Projects Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146 Schedule NGF4—Nonmajor Capital Projects Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147 Schedule NGF5—Nonmajor Debt Service Funds—Combining Balance Sheet Schedule—June 30, 2015 . . . . . . . . 148 Schedule NGF6—Nonmajor Debt Service Funds—Combining Balance Sheet Schedule—June 30, 2014 . . . . . . . . 149 Schedule NGF7—Nonmajor Debt Service Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 Schedule NGF8—Nonmajor Debt Service Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 Schedule NGF9—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152 Schedule NGF10—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153 Schedule NGF11—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015 . . . . . . . . . . . 154 Schedule NGF12—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014 . . . . . . . . . . . 155 Schedule NGF13—Nonmajor Special Revenue Funds—Combining Balance Sheet Schedule—June 30, 2015 . . . . 156 Schedule NGF14—Nonmajor Special Revenue Funds—Combining Balance Sheet Schedule—June 30, 2014 . . . . 157 Schedule NGF15—Nonmajor Special Revenue Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158 Schedule NGF16—Nonmajor Special Revenue Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159 Schedule NGF17—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160 Schedule NGF18—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161 Schedule NGF19—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015 . . . 162 Schedule NGF20—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014 . . . 163
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SUPPLEMENTARY INFORMATION COMBINING FINANCIAL INFORMATION—FIDUCIARY FUNDS—PART II-D
Pension and Other Employee Benefit Trust Funds—Combining Statement of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168 Pension and Other Employee Benefit Trust Funds—Combining Statement of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169 Pension and Other Employee Benefit Trust Funds—Combining Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 Pension and Other Employee Benefit Trust Funds—Combining Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171 Schedule F1—Pension Trust Funds—Combining Schedule of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . 172 Schedule F2—Pension Trust Funds—Combining Schedule of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . 173 Schedule F3—Pension Trust Funds—Combining Schedule of Changes in Fiduciary Net Position— for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174 Schedule F4—Pension Trust Funds—Combining Schedule of Changes in Fiduciary Net Position— for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175 Schedule F5—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176 Schedule F6—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 177 Schedule F7—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015 . . . . . . . . . . 178 Schedule F8—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014. . . . . . . . . . . 179 Schedule F9—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180 Schedule F10—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181 Schedule F11—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182 Schedule F12—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183 Schedule F13—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 184 Schedule F14—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185 Schedule F15—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 186 Schedule F16—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187 Schedule F17—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188 Schedule F18—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189 Schedule F19—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 190 Schedule F20—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191 Schedule F21—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192 Schedule F22—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193 Schedule F23—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194 Schedule F24—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195 Schedule F25—Other Employee Benefit Trust Funds—Deferred Compensation Plans— Combining Schedule of Fiduciary Net Position—December 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196
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Schedule F26—Other Employee Benefit Trust Funds—Deferred Compensation Plans— Combining Schedule of Fiduciary Net Position—December 31, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197 Schedule F27—Other Employee Benefit Trust Funds—Deferred Compensation Plans— Combining Schedule of Changes in Fiduciary Net Position—for the year ended December 31, 2014 . . . . . . 198 Schedule F28—Other Employee Benefit Trust Funds—Deferred Compensation Plans— Combining Schedule of Changes in Fiduciary Net Position—for the year ended December 31, 2013 . . . . . . 199 Schedule F29—Agency Funds—Schedule of Changes in Assets and Liabilities— for the year ended June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 Schedule F30—Agency Funds—Schedule of Changes in Assets and Liabilities— for the year ended June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201
SUPPLEMENTARY INFORMATION COMBINING FINANCIAL INFORMATION—COMPONENT UNITS—PART II-E
Nonmajor Component Units—Combining Statement of Net Position—June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . 206 Nonmajor Component Units—Combining Statement of Net Position—June 30, 2014 . . . . . . . . . . . . . . . . . . . . . . . 207 Nonmajor Component Units—Combining Statement of Activities—for the year ended June 30, 2015 . . . . . . . . . . 208 Nonmajor Component Units—Combining Statement of Activities—for the year ended June 30, 2014 . . . . . . . . . . 209
OTHER SUPPLEMENTARY INFORMATION—PART II-F
General Fund: Schedule G1—Summary of Federal, State and Other Aid Receivables at June 30, 2015 . . . . . . . . . . . . . . . . . . 214 Schedule G2—Revenues vs. Budget by Category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215 Schedule G3—Revenues vs. Budget by Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218 Schedule G4—Expenditures and Transfers vs. Budget by Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 258 Schedule G5—Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency . . . . . . . . . . . 263 Schedule G6—Expenditures and Transfers by Object . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 297
Capital Projects Fund: Schedule CP1—Aid Revenues by Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 308 Schedule CP2—Expenditures by Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 309 Schedule CP3—Expenditures and Commitments vs. Authorizations by Agency Through Fiscal Year 2015 . . . 310 Schedule CP4—Expenditures by Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 312
Capital Assets Used in the Operation of Governmental Funds: Schedule CA1—Capital Assets Used in the Operation of Governmental Funds by Source . . . . . . . . . . . . . . . . 317 Schedule CA2—Capital Assets Used in the Operation of Governmental Funds by Function . . . . . . . . . . . . . . 318 Schedule CA3—Schedule of Changes by Function . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 318
STATISTICAL SECTION—PART III
Schedules of Financial Trends Information: Net Position by Category—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 323 Changes in Net Position—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324 Fund Balances—Governmental Funds—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 326 Changes in Fund Balances—Governmental Funds—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 327 General Fund Revenues and Other Financing Sources—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 330 General Fund Expenditures and Other Financing Uses—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 335 Capital Projects Fund Aid Revenues—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 346 Capital Projects Fund Expenditures—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 348 General Fund and Capital Projects Fund—Sources and Uses of Cash—Ten Year Trend . . . . . . . . . . . . . . . . . . 350
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Schedules of Revenue Capacity Information: Assessed Value and Estimated Actual Value of Taxable Property—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . 352 Property Tax Rates—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 353 Property Tax Levies and Collections—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 353 Assessed Valuation and Tax Rate by Class—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 354 Collections, Cancellations, Abatements and Other Discounts as a Percent of Tax Levy—Ten Year Trend . . . . 358 Largest Real Estate Taxpayers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 359 Personal Income Tax Revenues—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 360 Uncollected Parking Violation Fines—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 361
Schedules of Debt Capacity Information: Ratios of Outstanding Debt by Type—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 364 Ratios of City General Bonded Debt Payable—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 365 Legal Debt Margin Information—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 366 Pledged-Revenue Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 367 Capital and Operating Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 370 Leased City-Owned Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 371
Schedules of Demographic and Economic Information: Population—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 374 Personal Income—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 374 Nonagricultural Wage and Salary Employment—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 375 Persons Receiving Public Assistance—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 376 Employment Status of the Resident Population—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 377
Schedules of Operating Information: Number of Full Time City Employees—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 380 Operating Indicators by Function/Program—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 381 Capital Assets Statistics by Function/Program—Ten Year Trend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 386 Capital Assets—Depreciation/Amortization and Replacement Cost Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 388
Acknowledgements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 391
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The City of New York
Comprehensive Annual Financial Report
of the Comptroller
INTRODUCTORY SECTION
Part I
Fiscal Year Ended June 30, 2015
THE CITY OF NEW YORK OFFICE OF THE COMPTROLLER
SCOTT M. STRINGER COMPTROLLER
October 29, 2015
TO THE PEOPLE OF THE CITY OF NEW YORK
I am pleased to present The City of New York’s Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2015. This report, the second issued under my administration, shows that The City of New York (City) completed its fiscal year with a General Fund surplus, as determined by Generally Accepted Accounting Principles (GAAP), for the 35th consecutive year.
The General Fund remains a primary indicator of the financial activity and legal compliance for the City within the financial reporting model promulgated by the Governmental Accounting Standards Board (GASB). The General Fund had revenues and other financing sources in Fiscal Year 2015 of $78.035 billion and expenditures and other financing uses of $78.030 billion, resulting in a surplus of $5 million. These expenditures and other financing uses include transfers and subsidy payments of $3.601 billion to help eliminate the projected budget gap for Fiscal Year 2016. Fiscal year expenditures and other financing uses were $5.155 billion more than in Fiscal Year 2014, an increase of 7%. Excluding the transfers and subsidy payments to eliminate future fiscal year projected gaps, expenditures and other financing uses increased by $3.462 million or 5%. A detailed analysis of the City’s fund and government-wide financial statements is provided in Management’s Discussion and Analysis (MD&A), which immediately precedes the basic financial statements contained in this report.
ECONOMIC CONDITIONS IN FISCAL YEAR 2015 AND OUTLOOK FOR FISCAL YEAR 2016
The City’s Economy in Fiscal Year 2015
The City’s economy continued its satisfactory performance in Fiscal Year 2015. Real Gross City Product increased by 3.0%, an acceleration from Fiscal Year 2014’s 2.1% growth. Private sector job creation remained strong although not quite at the record pace of the prior year, and the unemployment rate fell to its lowest level since 2008. The average weekly earnings of private sector employees increased at the fastest rate in seven years but was still a disappointing 2.5% (on a year-over-year basis).
New York City added 114,600 private sector jobs from June 2014 through June 2015, fewer than in the previous twelve months but still the second-highest number in the past 25 years. The Health Care sector was the largest contributor of new jobs, adding 26,600 from June 2014 through June 2015. In the first full fiscal year of the Affordable Care Act, the Ambulatory Health Care industry added 21,900 jobs, its largest gain on record, of which 15,200 were in Home Health Care. The Professional and Business Services sector added 25,300 employees during the year, spread among component industries such as Advertising (+3,400), Accounting (+3,300), Computer Systems and Design (+3,000), and Architecture and Engineering (+2,400). Finance and Insurance continued its slow recovery from the 2008 financial crisis, adding 8,100 employees. The Food Service (+11,500) and Retail Trade industries (+9,000) also continued to added employment.
Overall, the composition of job creation deteriorated somewhat compared to the previous year, with the three largest low-wage industries-retail sales, food service, and home health care—accounting for 31% of the net job gain in Fiscal Year 2015 compared to 28% in Fiscal 2014. Middle-tier wage sectors also contributed more to net job creation, while the high wage sectors of Financial Activities, Business and Professional Services, and Information contributed less to the overall job increase. The disproportionate increase in low-wage employment contributed to another year of disappointing wage growth. Although better than in previous years, the 2.5% increase in the average weekly earnings of private-sector workers did little to allow workers to catch up after more than six years of negligible real wage growth.
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The City’s unemployment rate fell steadily, from 7.2% in June 2014 to 5.7% in June 2015. By the end of the fiscal year, the City’s seasonally-adjusted unemployment rate was at its lowest level since September 2008. With a decrease of 1.7 percentage points in its unemployment rate, the Bronx saw the greatest improvement, but its unemployment rate remains the highest of the boroughs. Nevertheless, the economic recovery continued to broaden, with every borough ending the fiscal year with its lowest unemployment rate since 2008. The City’s unemployment rate declined despite the biggest increase in the labor force since 2012. The City’s labor force participation rate reached 61.5% by the end of the fiscal year, its highest on record.
Manhattan’s office market continued to strengthen in Fiscal Year 2015, with the borough’s overall office vacancy rate dropping from 10.3% in 2Q14 to 8.8% in 2Q15. Total leasing activity for the year topped 31 million square feet, a 4.3% increase over the previous fiscal year. Leasing activity was led by finance firms recommitting to their Manhattan locations and tech firms expanding their operations in the City. The average asking rent for direct office rentals in Manhattan reached $70/ft2 for the first time since before the financial crisis and recession.
The Outlook for the City’s Economy in Fiscal Year 2016
Despite the recent financial turmoil in China and the worldwide stock market volatility, the City’s economic outlook for Fiscal Year 2016 remains moderately positive. Both the national and local economies continue to create jobs at a brisk pace, which should continue to increase aggregate spending power and create some upward pressure on wages. Inflation remains negligible so the Federal Reserve (Fed) has little reason to push interest rates to levels that might constrain economic growth. Also, households and businesses have not increased their indebtedness to the degree they did in the previous economic expansion, so a collapse of asset prices and spending seems less likely.
The first quarter of Fiscal Year 2016 was marked by global financial instability originating with an economic slowdown in China, a plunge in China’s stock market and a devaluation of its currency. Concerns about China’s economic stability spread to other developing economies, especially those whose principal exports are commodities, of which China is the biggest purchaser. While there are channels through which instability in China and other developing economies could adversely affect economic growth in the U.S., direct growth lapses in emerging markets have not historically been transmitted to the United States. Direct U.S. business exposure to China, in particular, is limited. In 2014, only 1.3% of U.S. businesses’ direct investment abroad was in China, and China was the source of only 0.3% of foreign direct investment in the U.S.
The appreciation of the dollar over the past year represents a more direct risk to U.S. economic growth. Although the U.S. economy continued to expand during previous periods of dollar appreciation, the stronger dollar creates “headwinds” that can temper the economic growth rate. Such considerations played a role in the Federal Reserve Bank’s September decision to once again postpone its “normalization” of U.S. interest rates and it is likely to encourage the Fed to pursue a cautious path in Fiscal Year 2016.
Fiscal austerity has been a major cause of the lackluster U.S. growth in recent years. The looming negotiations between the President and Congress over the FY 2016 budget and debt ceiling are likely to extend budget stringency into the next Presidential administration, and, in the worst case, result in another disruptive government shutdown and debt crisis.
International conditions and domestic fiscal politics suggest that U.S. economic growth in Fiscal Year 2016 will be similar to that of the previous five years. That will provide a basis for continued moderate growth in the local economy, continued job creation and a further reduction in the City’s unemployment rate.
Among the most auspicious indicators of the City’s economic prospects in Fiscal Year 2016 is the solid absorption of office space in the past fiscal year. Companies usually do not renew and expand existing leases, or lease new space, unless they have specific plans for hiring and expansion. The prominence of technology and media firms in the City’s office space market in recent years also indicates that the nebulous tech sector is expanding at a rapid rate and regenerating some of the City’s core industries.
REPORTS FROM THE DIVISIONS AND BUREAUS OF THE COMPTROLLER’S OFFICE
BUREAU OF BUDGET
Division of Fiscal and Budget Studies
The Division of Fiscal and Budget Studies in the Comptroller’s Bureau of Budget monitors the City’s finances, capital spending, and economy. In analyzing the City’s budget and financial plan, the division focuses on the City’s debt capacity and economic outlook. After each budget modification, the division conducts an in-depth analysis of the Mayor’s budget proposal and shortly thereafter releases a report to the general public that highlights the major findings. The report reviews the main components of the City’s budget, analyzing the soundness of the City’s budgetary and economic assumptions, changes in expense and capital budget priorities, and financial and economic conditions and developments affecting the City’s fiscal outlook and budget totals.
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Modification of the City’s current year budget and four-year financial plan occurs quarterly during the fiscal year. Coinciding with the release of quarterly modifications, the budget review and preparation generally adheres to the following cycle: (1) the Mayor’s submission of a preliminary budget for the ensuing fiscal year in January, (2) the Mayor’s presentation of the Executive Budget to the City Council in April, (3) budget adoption prior to July 1, the beginning of the new fiscal year, and (4) the first quarterly modification to the Adopted Budget which is typically released in November. As part of the budget process, the division prepares a number of reports and letter statements as mandated by the New York City Charter:
• An annual report to the City Council on the state of the City’s economy and finances by December 15, including an evaluation of the City’s updated financial plan.
• An annual report on the City’s capital debt and obligations including the maximum amount of debt the City may soundly incur in subsequent fiscal years and the indebtedness against the General Obligation debt limit in the current and subsequent three fiscal years as stipulated by the New York State Constitution.
• A certified statement of debt service submitted by the Comptroller to the Mayor and the City Council by March 1. The statement, which is published in The City Record, contains a schedule of the appropriations for debt service for the subsequent fiscal year.
• A letter statement certifying the Adopted Budget Resolutions and filed with the City Clerk.
FY 2015 Analysis
The City adopted a Fiscal Year 2015 (July 1-June 30) budget totaling $74.494 billion (less Interfund Agreements) on June 26, 2014. Actual Fiscal Year 2015 tax revenues were $3.324 billion more than projected in the Fiscal Year 2015 Adopted Budget due to the ongoing economic recovery and to conservative forecasting. Similarly, non-tax revenues were $217 million more than projected in the Fiscal Year 2015 Adopted Budget. A reduction of $750 million to the General Reserve, debt service savings of $622 million along with the aforementioned revenue increases provided the City with additional resources above the Adopted Budget projections.
The additional resources cited above allowed the City to deposit an additional $955 million into the Retiree Health Benefits Trust Fund. The remaining resources were used to fund a net increase of $399 million in all other expenditures and a Budget Stabilization Account (BSA) of $3.554 billion. The BSA was used to prepay $1.578 billion of Fiscal Year 2016 New York City Transitional Finance Authority debt service and $1.976 billion of Fiscal Year 2016 General Obligation debt service.
Division of Financial Analysis
The Division of Financial Analysis (DFA) within the Bureau of Budget monitors the daily cash balance in the City’s Central Treasury to ensure adequate levels of cash-on-hand throughout the fiscal year. DFA forecasts daily cash balances to determine the potential need and timing for seasonal borrowing. The Comptroller issues a Cash Letter with these projections and regularly updates it throughout the year. DFA also prepares the Quarterly Cash Report, which provides an overview of the City’s cash position and highlights major changes during the quarter. The City’s Central Treasury carried an average daily unrestricted cash balance of $9.46 billion during Fiscal Year 2015, with a fiscal year-end balance of $9.50 billion. For the eleventh consecutive year, the City did not need to issue short-term notes.
Office of the General Counsel
The Office of the General Counsel (OGC) serves as the advisor to the Comptroller on all matters that have legal implications affecting the mission and operations of the Comptroller’s Office.
OGC works closely with all Comptroller’s Office divisions and bureaus and with the legal staff of many City agencies, most notably, the Law Department, the Office of Management and Budget, and the Mayor’s Office of Labor Relations. OGC also works closely with its counterparts at various public pension funds throughout the United States, with the State Comptroller’s Office, and with various federal, state, and local government agencies.
OGC’s core responsibilities include:
• Interpreting the Comptroller’s City Charter-mandated authority and other powers and providing legal support to the Comptroller’s Office’s in its exercise of these functions, including audits of City agencies and entities under contract with the City and resolution of claims;
• Advising and providing legal support on a broad variety of complex investment transactions and contracts in both public and private markets, proxy solicitation matters, shareholder initiatives, securities litigation, contract, commercial, and matters in connection with the Comptroller’s role as Chief Investment Advisor to all of the City pension funds and trustee on four of the five City pension funds;
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• Assisting the Comptroller’s Bureau of Public Finance in structuring and negotiating City bond and note sales;
• Advising on Comptroller’s Directives and Memoranda—accounting and internal controls, policies, procedures, and standards applicable to all City agencies—and assisting with responses to questions and comments concerning the scope and implementation of directives from City agencies and contractors;
• Providing legal advice on City contract registration issues;
• Reviewing and approving the Comptroller’s Office’s own contracts and providing intra-agency advice on procurement issues, including RFPs and bid documents, and contract negotiations.
In addition, OGC supervises the Comptroller’s Bureau of Law and Adjustment to settle and adjust all claims for and against the City, including personal injury and property damage claims, contract disputes filed against the City, and referral of fraudulent claims to the appropriate law enforcement agencies for prosecution.
OGC also oversees the Comptroller’s Bureau of Labor Law in its enforcement of, and other responsibilities relating to, New York State and City prevailing and living wage requirements.
OGC also coordinates responses to all Freedom of Information Law requests from the public, addresses Comptroller’s Office employee disciplinary issues, and ensures that the Comptroller’s office complies with all applicable workplace laws.
BUREAU OF LAW AND ADJUSTMENT
The Bureau of Law & Adjustment (BLA) is responsible for carrying out the Comptroller’s Charter-mandated responsibility of adjusting claims for and against the City.
Claims against the City arise out of the vast undertakings of City agencies and the Health and Hospitals Corporation. The City is uninsured with respect to risks, including, but not limited to, property damage and personal injury claims. Generally, the cost of claims is paid out of the City’s General Fund.
The City spent $680 million on judgments and claims in Fiscal Year 2015, a decrease of $53 million from the prior year. The Comptroller’s Office also approved approximately $17.6 million in affirmative settlements—that is monies paid to the City based on its claims against others—in Fiscal Year 2015.
In July 2014, the Comptroller launched ClaimStat, a data-driven tool designed to drive down the cost of judgments and settlements by empowering City agencies to reduce claims through changes in training or resource delivery. During the first year of this initiative, ClaimStat identified several claim patterns within agencies including the Police Department, the Department of Parks and Recreation, the New York City Health and Hospitals Corporation, the Department of Environmental Protection, and the Department of Sanitation.
To address costly claims related to Police Department operations, the Comptroller’s Office and the Police Department have established a joint working group of senior managers who meet regularly to address issues and trends regarding claims involving law enforcement. The historic initiative, intended to lower claim risks and payouts, has allowed for the sharing of information and unprecedented communications between the two agencies.
In Fiscal Year 2015, the Comptroller’s Office collected $7.5 million from claimants who received settlements from the City and who had outstanding obligations to the City for public assistance and child support. This achievement was made possible by partnering with other City agencies, particularly with the Human Resources Administration/Department of Social Services, to improve the automated City systems.
The Comptroller’s Office continues to expand efforts to collect compensation from those who have damaged City property. In Fiscal Year 2015, the Comptroller’s Office collected $1.3 million in property damage affirmative claims.
The Comptroller’s Office has been successfully working with the New York State Office of Victims Services and the New York State Attorney General’s Office to identify settlements made to convicted persons from where victims can recover money (Son of Sam Law—New York State Executive Law § 632-a). BLA has collected a total of $240,660 in settlements for victims of crime in Fiscal Year 2015. As of the end of the fiscal year, the Comptroller was withholding $596,590 pending the outcome of crime victims’ civil actions against the convicted persons’ settlements.
BUREAU OF LABOR LAW
The Bureau of Labor Law (BLL) determines prevailing wage rates and enforces the prevailing wage laws on New York City public works projects and building service contracts. BLL’s statutory authority is contained in Sections 220 and 230 of the New York State Labor Law, which provides that the City’s chief fiscal officer, the Comptroller of The City of New York, shall be the
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enforcer of these laws. BLL also determines prevailing wage rates and prosecutes prevailing wage and living wage cases under Section 6-109 of the New York City Administrative Code, and investigates alleged violations of Sections 6-130 and 6-134 of the New York City Administrative Code.
In Fiscal Year 2015, BLL assessed over $5.5 million in back pay and interest against private contractors that violated the above sections of New York’s Labor Law. In addition, BLL assessed $487,000 in penalty money against those contractors. During the same fiscal year, BLL opened up 89 new cases and resolved 109 cases. In that same time period, BLL debarred nine contractors from New York State and City public works for egregious conduct.
Notable cases settled in Fiscal Year 2015 include:
• BLL recovered over $1.3 million in unpaid prevailing wages and benefits with interest for 143 armed security guards employed by Allied-Barton Security Services LLC on a New York City Transit Authority contract. Allied-Barton had paid the correct prevailing wage and benefit rates in the first year of its multi-year contract, but failed to incorporate the required increases in the Comptroller’s annual prevailing wage schedules. In addition, Allied-Barton paid over $26,000 to the City treasury on account of the violation.
• BLL recovered over $325,000 in prevailing wages and benefits for 135 movers employed by Traffic Moving Systems, Inc. in a case that BLL investigated jointly with the Kings County District Attorney’s Office. Traffic Moving was charged with overbilling the New York City Department of Citywide Administrative Services on a contract by billing for its employees on an hourly basis at prevailing wage rates, but paying them much less. Traffic Moving and its owner pled guilty to Grand Larceny in the Second Degree and Scheme to Defraud in the First Degree, among other charges, and were barred from bidding on City and State contracts for five years.
• BLL recovered over $925,000 in unpaid prevailing wages and benefits with interest for 33 ironworkers employed by North American Iron Works, Inc. and over $46,000 in civil penalties payable to the City treasury. North American performed ironwork at eleven new schools being constructed by the New York City School Construction Authority and on renovations to the Queens Museum for the New York City Department of Design and Construction. North American was a union company that underpaid thirty-three of its non-union employees and left them off of payroll records submitted to the agencies. As part of the settlement, North American Iron Works and its owner were barred from bidding on City and State contracts for five years due to falsification of payroll records.
BLL continues to work on a number of initiatives including: expanded educational outreach to immigrant workers, contractors and City agency officials; the incorporation of new technologies into its operations; streamlined procedures for investigating wage violations and determining prevailing wage and benefit rates, and new procedures for finding workers with unclaimed prevailing wage awards. These initiatives have resulted in more efficient and effective processing of wage claims.
BUREAU OF PUBLIC FINANCE
The Comptroller’s Bureau of Public Finance, in conjunction with the Mayor’s Office of Management and Budget, is charged with issuing debt to finance the City’s capital program and managing the City’s portfolio of outstanding bonds. The City borrows for capital projects in accordance with the Office of the Comptroller’s Directive 10, which allows for borrowing on projects with a useful life of five years or longer and costing $35,000 or more. In Fiscal Year 2015, the City and its blended component units New York City Transitional Finance Authority and Sales Tax Asset Receivable Corporation issued $10.04 billion of long-term bonds to finance the City's capital needs and to refinance outstanding bonds for interest savings; the New York City Tax Lien Trust, NYCTLT 2014-A, sold $95.48 million bonds to monetize delinquent taxes and other liens. The New York City Municipal Water Finance Authority (Water Authority), a discretely presented component unit, issued $2.92 billion of long-term bonds to finance the Water Authority’s capital plan and to refinance outstanding bonds for interest savings.
With the uncertainty in European markets contributing to an ongoing environment of relatively low interest rates, the City was able to both finance its new money capital needs at attractive rates and refinance outstanding high-coupon bonds to provide economic savings to taxpayers and water and sewer ratepayers. The City issued a total of $6.59 billion of refunding bonds through the General Obligation (GO), New York City Transitional Finance Authority (TFA), Sales Tax Asset Receivable Corporation (STAR) and Water Authority credits. This accounted for 51% of the total issuance for these credits and generated a total of $1.54 billion in budgetary savings over the life of the bonds.
The City and its related issuers file required Continuing Disclosure relevant to their respective bondholders with the Municipal Securities Rulemaking Board (MSRB) Electronic Municipal Market Access (EMMA). These disclosures are available at emma.msrb.org.
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General Obligation (GO)
New York City GO bonds have been issued for over 200 years and are backed by the City’s faith and credit. All real property subject to taxation by the City is subject to the levy of ad valorem taxes, without limitation as to rate or amount, to pay the principal of and interest on GO bonds.
• As of June 30, 2015, the City’s outstanding GO debt totaled $40.46 billion, consisting of $33.49 billion of fixed rate bonds and $6.97 billion of variable rate bonds.
• Of the $2.83 billion in GO bonds issued by the City in Fiscal Year 2015, a total of $1.05 billion was issued for new money capital purposes and $1.78 billion was issued to refund certain outstanding bonds at lower interest rates. In Fiscal Year 2015, the City also converted $719.85 million of outstanding bonds between interest rate modes.
• The proceeds of the refunding issues were placed in irrevocable escrow accounts to pay, when due, principal, interest, and applicable redemption premium, if any, on the refunded bonds. The refundings produced budgetary savings of $35.29 million in Fiscal Year 2015 and budgetary savings of $134.66 million and $29.17 million in Fiscal Years 2016 and 2017 respectively. The refundings will generate $278.36 million in budgetary savings over the life of the bonds and approximately $241.97 million on a net present value basis.
• During Fiscal Year 2015, rating agencies Standard & Poor’s and Fitch Ratings maintained the GO rating at AA. Moody’s Investors Service continued to rate GO bonds Aa2.
• During Fiscal Year 2015, New York City General Obligation variable rate debt traded at the following average interest rates:
Tax-Exempt Taxable ___________ _________
Dailies(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05% — Weeklies(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05% 0.38% Auction Rate Securities — 7 Day . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.68% — Index Floaters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.71% 0.95% 2-Day Mode(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05% —
(1) Remarketed with bank credit and/or liquidity support; rates do not include bank fees.
New York City Transitional Finance Authority (TFA)
Future Tax Secured Bonds
The New York State Legislature created the Transitional Finance Authority in 1997 so the City could continue to fund its capital commitments in the face of an approaching General Obligation debt limit. The TFA, a bankruptcy-remote separate legal entity, was authorized to issue debt secured by the City’s collections of personal income tax and, if necessary, sales tax. TFA is authorized to have $13.50 billion of Future Tax Secured debt outstanding without limitation. In addition, the law provides that further Future Tax Secured Bonds issued over the $13.50 billion limit, together with the amount of indebtedness contracted by the City, will not exceed the debt limit of the City. As of July 1, 2015, the debt incurring margin within the debt limit of the City was $27.76 billion on a combined basis for General Obligation and TFA Future Tax Secured Bonds.
In September 2001, the New York State Legislature approved a special TFA authorization of $2.5 billion to fund capital and operating costs relating to or arising from the events of September 11, 2001 (Recovery Bonds). The legislature also authorized the TFA to issue debt without limit as to principal amount that would be secured solely by state or federal aid received as a result of the disaster. The TFA has issued $2 billion in Recovery Bonds. TFA Recovery Bonds do not count against the debt limits described above.
• As of June 30, 2015, the total debt outstanding of TFA Future Tax Secured Bonds was $26.42 billion, consisting of $1.29 billion of Senior Bonds and $25.14 billion Subordinate Bonds, which includes $936.11 million of Recovery Bonds.
• Of the $3.68 billion TFA bonds issued in Fiscal Year 2015, a total of $2.89 billion was issued for new money capital purposes and $785.80 million was issued to refund certain outstanding bonds at lower interest rates. In Fiscal Year 2015, the TFA also converted $68.90 million outstanding bonds between interest rate modes. The proceeds of the refundings were placed in irrevocable escrow accounts to pay, when due, principal, interest, and applicable redemption premium, if any, on the refunded bonds. The refundings will generate $102.91 million in budgetary savings over the life of the bonds and approximately $96.03 million on a net present value basis.
• As of June 30, 2015, the TFA’s outstanding variable rate debt totaled $3.95 billion, consisting of $1.01 billion of Senior Bonds and $2.94 billion of Subordinate Bonds, which includes $732.80 million of Recovery Bonds. During Fiscal Year 2015, TFA’s variable rate debt traded at the following average interest rates:
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Tax-Exempt ___________
Dailies(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.07% Weeklies(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.08% Auction Rate Securities — 7 Day . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.43% Index Floaters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.79% 2-Day Mode(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05%
• In Fiscal Year 2015, Standard & Poor’s and Fitch Ratings maintained AAA ratings on both Senior Lien and Subordinate Lien TFA Bonds. Moody’s Investors Service maintained its rating of Aaa on Senior Lien and Aa1 on Subordinate Lien Bonds.
(1) Remarketed with bank credit and/or liquidity support; rates do not include bank fees.
Transitional Finance Authority Building Aid Revenue Bonds (TFA BARBs)
In Fiscal Year 2006, the New York State Legislature authorized the TFA to issue bonds and notes or other obligations in an amount outstanding of up to $9.40 billion to finance a portion of the City’s educational facilities capital plan. The legislation further authorized the City to assign to the TFA all or any portion of the state aid payable to the City or the Department of Education pursuant to Section 3602.6 of the New York State Education Law (State Building Aid) as security for the obligations. Pursuant to this authority, the TFA BARBs credit was created. TFA BARBs are not secured by personal income tax or sales tax revenues and do not count against the TFA Future Tax Secured Bond debt limits.
• TFA had two BARB financings in Fiscal Year 2015, totaling $1.5 billion. Both were new money issues to fund capital needs. As of June 30, 2015, the TFA BARBs outstanding totaled $7.4 billion, all of which is fixed rate.
• After being upgraded in Fiscal Year 2014, both Fitch Ratings and Moody’s Investor Services maintained their ratings of AA and Aa2 respectively throughout Fiscal Year 2015. Standard & Poor’s also maintained its long term AA- rating of BARBs.
TSASC, Inc.
TSASC, Inc. is a special purpose, bankruptcy-remote local development corporation created under the Not-for-Profit Corporation Law of the State of New York. TSASC was created as a financing entity whose purpose is to issue and sell bonds and notes to fund a portion of the City’s capital program. TSASC issued debt secured by tobacco settlement revenues (TSRs), which are paid by cigarette companies as part of a Master Settlement Agreement (MSA) with 46 states, including the State of New York, and other U.S. Territories.
• TSASC had no financing activity in Fiscal Year 2015. As of June 30, 2015, TSASC had approximately $1.22 billion of bonds outstanding.
• TSASC bond ratings vary by maturity. As of June 30, 2015, Standard and Poor’s rated TSASC bonds maturing June 1, 2022 at BBB-; June 1, 2026 at BB-; June 1, 2034 at B and June 1, 2042 at B-. Fitch rated TSASC bonds maturing on June 1, 2022 at BBB-; June 1, 2026 at BB-. Fitch rated bonds maturing on June 1, 2034 and 2042 at B.
Sales Tax Asset Receivable Corporation (STAR)
STAR is a local development corporation that was created in 2004 by the City to issue bonds for the payment of the outstanding bonds of the Municipal Assistance Corporation of the City of New York (“MAC”) and the outstanding bonds of the City held by MAC. STAR bonds are secured by $170 million paid annually through June 30, 2034 to the Corporation from the New York State Local Government Assistance Corporation. The Corporation issued $2.5 billion of bonds on November 4, 2004.
• In Fiscal Year 2015 STAR refinanced the remaining $2.04 billion of bonds from the original 2004 bond sale. As of June 30, 2015, STAR had $2.04 billion of debt outstanding. The refinancing will provide over $649 million in budget savings over the life of the bonds.
• After being upgraded in Fiscal Year 2014, STAR maintained its Aa1 rating from Moody’s Investor Services and AA+ from Fitch Ratings throughout Fiscal 2015. Standard & Poor’s also maintained its longstanding AAA rating.
Fiscal Year 2005 Securitization Corporation (FSC)
FSC is a local development corporation created by the City to issue bonds in order to facilitate the restructuring of an escrow account used to pay debt service on refunded City bonds. In Fiscal Year 2005, $498.85 million of taxable bonds were issued and are secured by a portfolio of securities previously funded with General Obligation bond proceeds.
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• FSC had no financing activity in Fiscal Year 2015. As of June 30, 2015, FSC had $197.38 million of debt outstanding.
• As of June 30, 2015, the bonds were rated AA+ by Standard and Poor’s, Aaa by Moody’s Investor Services and AAA by Fitch Ratings.
Hudson Yards Infrastructure Corporation (HYIC)
HYIC is a local development corporation established by the City in 2005 to provide financing for infrastructure improvements to promote economic development and growth on Manhattan’s far West Side, including the extension of the No. 7 subway line. The Hudson Yards Financing District is an approximately 45 square block area generally bounded by Seventh and Eighth Avenues on the east, West 43rd Street on the north, Eleventh and Twelfth Avenues on the west, and West 29th and 30th Streets on the south. Principal on HYIC bonds is payable from revenues generated by the new development in the Hudson Yards District. To the extent that such revenues are not sufficient to cover interest payments, the City has agreed, subject to appropriation, to make interest support payments to HYIC. The interest support payments do not cover principal repayment of the bonds.
• HYIC had no financings in Fiscal Year 2015. As of June 30, 2015, HYIC had $3 billion bonds outstanding.
• The bonds are rated A by Standard & Poor’s, A2 by Moody’s Investors Service, and A by Fitch.
New York City Educational Construction Fund (ECF)
ECF is a public benefit corporation established to facilitate the construction of new school facilities and improvements to existing City elementary and secondary school buildings, thereby increasing the number of seats for the New York City Department of Education. ECF also encourages comprehensive neighborhood development by enabling mixed-use real estate projects which feature new school facilities. The City is required to make rental payments on the school portions of the ECF projects sufficient to make debt service payments as they come due on ECF Bonds, less the revenue received by the ECF from the non-school portions of the ECF projects.
• ECF had no financings in Fiscal Year 2015. As of June 30, 2015, ECF had $264.19 million bonds outstanding.
• The bonds are rated AA- by Standard & Poor’s and Aa3 by Moody’s Investors Service.
New York City Tax Lien Trusts
The New York City Tax Lien Trusts (NYCTLTs) are Delaware statutory trusts which were created to acquire certain liens securing unpaid real estate taxes, water rents, sewer surcharges, and other payables to the City and the New York City Water Board in exchange for the proceeds from bonds issued by the NYCTLTs, net of reserves funded by the bond proceeds and bond issuance costs. The City is the sole beneficiary of the NYCTLTs and is entitled to receive distributions from the NYCTLTs after payments to the bondholders and certain reserve requirements have been satisfied.
• In Fiscal Year 2015, the New York City Tax Lien Trust, NYCTLT 2014-A, sold $95.48 million bonds.
• As of June 30, 2015, the New York City Tax Lien Trusts had $34.23 million in bonds outstanding.
• The bonds are rated AAA by Standard & Poor’s and Aaa by Moody’s Investors Service.
New York City Municipal Water Finance Authority
The New York City Municipal Water Finance Authority (Water Authority), a bankruptcy-remote separate legal entity established in Fiscal Year 1986, has the power to issue bonds to finance the renovation and improvement of the City’s water and sewer facilities. The Water Authority, together with the New York City Water Board (Water Board) and the New York City Department of Environmental Protection (DEP), administers the City’s water and wastewater system. DEP operates and maintains the system, while the Water Board has the primary responsibility to levy and collect water and wastewater rates and charges, and the Water Authority finances the systems’ capital needs.
• As of June 30, 2015, the amount of long-term, fixed rate Water Authority debt outstanding was $24.30 billion including $2.50 billion of First Resolution and $21.80 billion Second Resolution bonds.
• During Fiscal Year 2015, the Water Authority issued $2.92 billion in revenue bonds. Of this total, $936.14 million was issued for new money capital purposes and $1.99 billion was issued to refund outstanding bonds for interest savings. Additionally, the Water Authority issued $256.22 million in bond anticipation notes.
• The proceeds of the refunding issues were placed in irrevocable escrow accounts to pay, when due, principal, interest, and applicable redemption premium, if any, on the refunded bonds. The refundings will generate $512.59 million of savings for rate payers over the life of the bonds and $344.66 million in net present value savings.
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• Of the total FY 2015 issuance, approximately $2.52 billion Water Authority bonds were issued as fixed rate debt and $400 million were issued as variable rate debt. The Water Authority issued all its debt as Second Resolution bonds.
• As of June 30, 2015, the amount of outstanding Water Authority variable rate debt outstanding was $4.69 billion of which $1.55 billion was First Resolution and $3.14 billion Second Resolution. This does not include commercial paper. During Fiscal Year 2015, interest on the Water Authority’s variable rate debt traded at the following average interest rates:
Tax-Exempt ___________
Dailies(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.04% Weeklies(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.04%
• The Water Authority also maintained its tax-exempt commercial paper program, enabling it to access the short-term market at advantageous interest rates. The Water Authority’s commercial paper authorization remained at $600 million in Fiscal Year 2015. At the end of Fiscal Year 2015, the Water Authority had $600 million of commercial paper outstanding.
• During Fiscal Year 2015, Standard & Poor’s, Fitch, and Moody’s Investors Service maintained their ratings for the Water Authority’s First Resolution bonds at AAA, AA+ and Aa1 respectively. Bonds issued under the Water Authority’s Second Resolution were rated AA+ by Standard & Poor’s and Fitch, and Aa2 by Moody’s Investors Service.
(1) Remarketed with bank credit and/or liquidity support; rates do not include bank fees.
Interest Rate Exchange Agreements
To lower borrowing costs over the life of its bonds and to diversify its existing portfolio, the City has from time to time entered into interest rate exchange agreements (swaps) and sold options to enter into swaps at future dates. The City received specific authorization to enter into such agreements under Section 54.90 of the New York State Local Finance Law. No new swaps were initiated in Fiscal Year 2015. As of June 30, 2015, the outstanding notional amount on the City’s swap agreements in connection with General Obligation debt and City-related debt of the Dormitory Authority of the State of New York was $1.76 billion.
The Water Authority has also entered into interest rate exchange agreements. In Fiscal Year 2015, the Authority did not initiate or alter any swaps. As of June 30, 2015, the outstanding notional amount on the Water Authority’s various swap agreements was $401 million.
BUREAU OF ASSET MANAGEMENT
Investment Policy
City Treasury
The Comptroller’s Office invests the City’s cash reserves subject to conservative investment guidelines. City Treasury and fiduciary funds assets were invested in obligations of the U.S. Treasury, various federal agencies, high grade commercial paper, and medium term notes. The maturities of the investments range from one day to five years with an average of 335 days. Despite the Federal Reserve Bank maintaining a very low interest rate environment, the City earned an average of 0.45%, which compares with the average return of 0.01% on three month Treasury bills, and 0.18% for a representative institutional money market fund index. The City earned $78 million in its short-term accounts during Fiscal Year 2015.
Pension Funds
The Comptroller’s Office serves as the financial advisor to the City’s pension funds. The City’s primary pension funds are New York City Employees’ Retirement System (NYCERS), Teachers’ Retirement System of The City of New York (TRS), New York City Police Pension Fund, New York City Fire Pension Fund, and the New York City Board of Education Retirement System (BERS). The City pension funds paid benefits totaling $13.4 billion during Fiscal Year 2015. Employer and employee contributions to the City pension funds were $10.0billion and $1.8billion, respectively. As of June 30, 2015, the City pension funds had aggregate investment assets, excluding cash from the settlement of pending purchases and sales, of $162.9 billion representing an increase of $2.4 billion from the June 30, 2014 value of $160.6 billion. During the fiscal year, the market value of the assets ranged from a low of $158.7 billion to a high of $165.5 billion. These assets include funds invested by certain employee investment plans.
Assets are managed in accordance with investment policy statements adopted periodically by each of the City pension funds’ Board of Trustees in consultation with the Comptroller’s Office and the City pension funds’ independent consultants. The allocation to each asset class is based in part on an analytical study indicating the expected rates of return and levels of risk and correlations for various asset allocations. The policy mix ranges from 63% equity to 70% equity among funds, and each fund permits the mix to float within a narrow range to limit portfolio turnover and to accommodate tactical shifts.
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Collectively as of June 2015, the City pension funds utilize 28 domestic equity managers, 15 international equity managers, 14 hedge funds managers, 38 fixed income managers, 13 opportunistic fixed income managers, 117 private equity managers, 45 private real estate managers, 4 infrastructure managers and 6 real estate equity securities managers. The City pension funds’ assets are invested for the benefit of the plan participants and their beneficiaries. With the exception of certain private equity, real estate, infrastructure and opportunistic fixed income investments where registration is not required, all Fund assets are managed by registered investment advisors pursuant to guidelines issued by the Comptroller’s Office.
The chart below summarizes the City’s pension funds’ asset allocation (in millions) as of June 30, 2015.
U.S. Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 55,824 REITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,373 International Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,794 Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,964 Opportunistic Fixed Income . . . . . . . . . . . . . . . . . . . . . . 3,817 Private Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,963 Real Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,453 Hedge Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,342 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,414 ________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $162,943 ________ ________
U.S. Equity
For the Fiscal Year 2015, the broad U.S. equity market, as measured by the Russell 3000 Index, returned 7.29% as compared to 25.22% for Fiscal Year 2014. The total U.S. equity return for the City’s pension funds for Fiscal Year 2015 was 6.80% as compared to 25.28% for Fiscal Year 2014. Overall, approximately 15.7% of the City pension funds invested in U.S. equity are actively managed versus 84.3% passively managed by index managers, which compares to 17.75% and 82.25%, respectively during Fiscal Year 2014. The returns of the U.S. Equity market during Fiscal Year 2015 occurred as the U.S. economy continued to grow with low interest rates. In the broader economy the continued uptrend in the leading economic indicators, low unemployment rates, and subdued inflation supported the market.
Two of the five New York City pension funds have allocations to Real Estate Investment Trusts (REITs) and another invests in REITs to temporarily invest a portion of its Real Assets’ unfunded commitments. The City pension funds’ REITs returned 6.0% for Fiscal Year 2015 compared to 14.8% for Fiscal Year 2014. The one year returns for the program benchmark, DJ US Select Real Estate Securities Index, for Fiscal Years 2015 and 2014 were 5.3% and 13.3%, respectively.
International Equity
The City’s pension funds’ total international equity returned -5.44% for Fiscal Year 2015 as compared to 20.36% for Fiscal Year 2014. For Fiscal Year 2015, the Morgan Stanley Capital International Europe/Asia/Far East (MSCI EAFE) Index returned -4.22% as compared to 23.57% for Fiscal Year 2014. The City’s developed markets managers returned -3.10% for Fiscal Year 2015 as compared to 23.09% for Fiscal Year 2014. At the end of Fiscal Year 2015, EAFE and emerging markets assets as a percent of total fund assets were 10.05% and 7.0%, respectively, versus 10.2% and 7.0% in Fiscal Year 2014.
For the Fiscal Year 2015, the MSCI Emerging Markets Index returned -5.12% as compared to 14.31% for Fiscal Year 2014. The City’s emerging markets managers returned -9.11% for Fiscal Year 2015 as compared to 16.62% for Fiscal Year 2014.
International markets had negative returns because of a combination of factors, including the strong dollar, weak commodities markets and concern about Greece.
34.3%
17.1%
1.5%
28.8%
6.1%
2.3%
4.0%
3.9%
2.0%
U.S. Equity
International Equity
Fixed Income
Private Equity
Real Assets
Cash
Hedge Funds
OFI
REITS
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Fixed Income
As of June 30, 2015, the Fixed Income program represented 28.8% of the City pension funds’ assets with a market value of $46.96 billion across the systems. The Citigroup Core+5 Investment Grade Index returned 2.08% for Fiscal Year 2015 while the Barclays Aggregate Index returned 1.86%. The total overall U.S. fixed income return for Fiscal Year 2015 was 1.45% as compared to 7.79% in Fiscal Year 2014. Investment grade bonds saw positive returns for the fiscal year: 1.04% for the Citigroup Investment Grade Credit Index, 2.35% for the Citigroup Mortgage Index, and 4.13% for the Citigroup Treasury/Agency +5 Index. Treasury Inflation-Protected Securities (TIPS) saw negative returns, returning -1.73% for the fiscal year as measured by the Barclays Capital U.S. TIPS Index. For Fiscal Year 2015, the high yield sector as measured by the Citigroup BB/B Index returned 0.28% and convertible bonds sector returned 3.37% as measured by the Bank of America All U.S. Convertibles ex-Mandatory Index. The Bank Loan sector returned 2.15% as measured by the Credit Suisse US Leveraged Loan Index.
Opportunistic Fixed Income
As of June 30, 2015, the Opportunistic Fixed Income program comprised $3.8 billion in assets under management, with total commitments of $5.1 billion. In FY 2015, New York City’s pension funds committed $250 million to new Opportunistic Fixed Income mandates. These flexible mandates seek to profit from investing in long-biased, alternative credit-oriented strategies, such as distressed debt, non-performing loans, direct lending, commercial real estate debt, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), collateralized loan obligations (CLOs) and other private and public credit-related exposures in domestic and global markets. Opportunistic Fixed Income partnerships are generally structured to give investment managers the flexibility to take advantage of opportunities as they arise across the aforementioned strategies.
Net of fees, the program returned 0.01% in FY 2015, compared to its primary benchmark, (net) 10%, and its secondary benchmark, the JPMorgan Global High Yield Index plus 3%, which produced 2.19%. Since its inception, the program returned (net) 9.34 percent.
Private Equity
As of June 30, 2015, the private equity program (the Program) represented 6.1% of the City pension funds’ assets with a market value of $10.0 billion (cash flow adjusted) and unfunded capital commitments of $6.3 billion, resulting in a total exposure of $16.3 billion across 202 funds/117 managers. The Program generated a 6.7% Internal Rate of Return (IRR) for Fiscal Year 2015, and a 9.5% IRR for the 10 years ending June 30, 2015. This compares to IRRs of 15.1% and 10.3% for the fiscal year and 10- year period ending June 30, 2014, respectively. The private equity portfolio remains diversified, based on total exposure (cash flow adjusted), with 57% allocated to buyouts, 12% growth equity, 10% secondaries, 7% special situations, 3% co-investment, 3% energy, and 8% other, which includes venture capital, mezzanine, and funds-of-funds. The City pension funds received distributions of $2.4 billion and funded $1.9 billion for new and existing investments during Fiscal Year 2015 as compared to $2.0 billion and $1.7 billion in Fiscal Year 2014, respectively.
During Fiscal Year 2015, City pension funds made $1.5 billion of new commitments to 13 funds across 12 managers versus $1.2 billion to 7 funds across 5 managers during the prior fiscal year. This includes the City pension funds’ $425 million in-house Private Equity Emerging Manager Program (EM 2012) which committed $184 million to six funds during Fiscal Year 2015. Overall, the Program continues to strategically seek investment opportunities across most sub-asset classes with an aim to increase investment pacing.
The private equity industry today is characterized by significant liquidity amidst a robust fundraising environment. Although deal activity is slowing, as managers facing increased competition seek to avoid overpriced deals, exit activity continues to be strong, fueled by rising public and private company valuations. Top performing managers are experiencing high demand for their funds as investors recycle their distributions and largely maintain or increase their allocations to private equity.
Real Estate
As of June 30, 2015, the Real Estate Program (RE Program) had approximately $9.5 billion in commitments to 68 investments and 45 managers. This compares to $8.7 billion in commitments at the end of Fiscal Year 2014. During Fiscal Year 2015, the City’s pension funds made $1.2 billion of new commitments (including co-investments) to seven funds versus $1.4 billion to six funds in the prior fiscal year.
The City’s pension funds invest in real estate primarily through commingled funds and these new additions enhance the diversification of this global portfolio by geography, property type, investment strategy, vintage and manager. Four of the seven investments represent an additional deployment of capital to proven investment partners which enable the City to expand its relationships with managers that deliver solid performance over cycles. Two of the new investments are with talented, small and emerging firms that demonstrate best-in-class capabilities.
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As of June 30, 2015, the RE Program represents 5.0% of the City’s pension funds’ assets. The City’s pension funds $3.7 billion of net invested capital in real estate programs had a market value of $6.0 billion based on general partner estimates at June 30, 2015 and unfunded capital commitments of $2.1 billion. The portfolio is well diversified by geographic region and property type with allocations to all the major sectors including residential (23.8%), office (27.2%), industrial (9.8%), retail (15.5%), hotel (9.2%), and other (14.6%).
Bolstered by liquid markets, the low cost of capital and increasing demand for space, the U.S. real estate recovery has reached an expansionary stage in prime markets. Abroad, well capitalized real estate investors take advantage of deep distress caused by macroeconomic, regulatory and capital market pressures. The portfolio generated a one-year net return of 14.1% time weighted return compared to its benchmark (NFI-ODCE +100 basis points) of 14.5%. Since inception, the net IRR increased from 6.7% to 7.8% year over year from June 30, 2014 to June 30, 2015. Mindful of vintage risk and pockets of peak pricing surfacing in certain gateway real estate markets, the RE Program will continue to selectively identify opportunities that will complement the existing portfolio.
Hedge Funds
Three of the five New York City pension funds invest in hedge funds, and they continued to build out their hedge fund portfolio in Fiscal Year 2015. The City pension funds continue to increase their investments in direct hedge funds which are now 90% of the portfolio. The remainder of the portfolio is held in a fund of funds structure.
The total hedge fund return for the City pension funds for the fiscal year ended June 30, 2015 was 3.89% net of all fees. The return for the two hedge fund benchmarks, 1 Year T-Bills +4% and Hedge Fund Research Inc+1% (HFRI) Fund of Hedge funds index, were 4.32% and 4.95% respectively.
Infrastructure
As of June 30, 2015, the Infrastructure Program had $1.0 billion in commitments to four funds and managers. The Infrastructure Program seeks to gain exposure to capital-intensive assets that underpin the global economy. These assets typically have a low volatility return profile with a high percentage of returns coming in the form of current yield. Targeted investments within the Infrastructure Program seek to lower correlation with public equities and fixed income and to hedge against inflation.
Proxy Voting
During Fiscal Year 2015, the Comptroller’s Office voted on 31,005 individual ballot items at 3,721 annual and special meetings for portfolio companies. Of all votes cast, 78.7% were for the management-recommended vote. Major proxy voting issues included: (a) the election of directors, (b) management proposals to ratify auditors, approve executive compensation, and approve mergers and acquisitions, and (c) shareowner proposals on a wide range of environmental, social and governance (ESG) policies and practices.
In accordance with proxy voting guidelines adopted by the City pension funds, the Comptroller’s Office generally votes in favor of proposals to strengthen board of director independence and accountability, align executive pay with long-term performance, and promote sustainable and responsible business practices. During Fiscal Year 2015, these included, but were not limited to, shareowner proposals calling on companies to name an independent board chairman, eliminate accelerated vesting of equity awards for departing executives, adopt a board diversity policy, adopt and disclose greenhouse gas emissions goals, conduct a human rights risk assessment, prepare a sustainability report, and disclose corporate political and lobbying spending.
Shareowner Initiatives
In addition to proxy voting, the City pension funds also seek to protect and create long-term shareowner value by proactively advancing reforms to strengthen corporate governance, align executive pay with long-term performance and promote sustainable business practices at portfolio companies. The City pension funds are among the most active institutional investors in the nation in terms of filing shareowner proposals and also engage with portfolio companies through letters and dialogue, often in collaboration with other institutional investors.
During Fiscal Year 2015, the Comptroller’s Office, on behalf of the City pension funds, submitted 90 shareowner proposals to a total of 86 portfolio companies, nearly double the number of proposals submitted the prior fiscal year. Seven of the 90 proposals remained pending at fiscal year-end because the companies had neither agreed to adopt the requested reform nor held their annual shareowner meeting at which investors vote. In addition, four proposals went to a vote during Fiscal Year 2015 that had been submitted by the City pension funds during Fiscal Year 2014.
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The dramatic increase in proposal volume in Fiscal Year 2015 reflected the launch of the Boardroom Accountability Project, an ambitious initiative led by the City pension funds to make boards of directors at U.S. public companies more diverse, independent, and accountable by promoting a fundamental governance reform called “proxy access.” Proxy access would give investors a meaningful voice in director elections by requiring companies to include shareowner-nominated director candidates in the company proxy materials, and on the company ballot, that is furnished to all shareowners. At present, only director candidates nominated by the incumbent board are permitted on the company ballot at virtually all U.S. public companies.
As a major first step, in October 2014 the Comptroller’s Office, on behalf of the City pension funds, submitted shareowner proposals to 75 companies requesting a proxy access bylaw permitting shareowners that have collectively held 3% of the company for three years to nominate up to 25% of the board using the company’s proxy materials. These terms are based on the Securities and Exchange Commission rule adopted in 2010 that established proxy access at all U.S. public companies, but that was later vacated by a federal court on procedural grounds.
The 75 companies were selected based on three fundamental investment concerns: excessive CEO pay, inadequate board diversity, and climate change. Specifically, they included companies that failed to align executive compensation with business performance, companies with little or no apparent gender or racial diversity on their board, and carbon-intensive energy companies that are among the most vulnerable to long-term business risks related to climate change.
The Comptroller’s Office worked closely with other institutional investors, some of whom also filed proxy access proposals, to build investor support for proxy access and to develop a coordinated response to companies that attempted to exclude the proposals from their proxy statements. The California Public Employees’ Retirement System in particular provided substantial support, conducting joint solicitations with the Comptroller’s Office in support of the proposals and attending company annual meetings to present the City pension funds’ proposals.
The Boardroom Accountability Project achieved considerable success and had far reaching impact in its first year:
• Six of the 75 companies responded by agreeing to adopt a meaningful proxy access bylaw, prompting withdrawal of the shareowner proposal. The companies included Abercrombie & Fitch Co., Big Lots, Inc., Splunk, Inc., Staples, Inc., United Therapeutics Corporation, and Whiting Petroleum.
• Sixty-three of the 75 proposals went to a vote during Fiscal Year 2015, receiving very strong investor support averaging 55%. About two-thirds of the resolutions, or 41 of the total 63 voted as of June 30, 2015, garnered over 50% support from shareowners and passed.
• The average vote among winning proposals was 63%. The highest votes were at Apache Corp. (92.7%), where the board recommended in favor of the proposal, and Republic Services (89.9%), where the board did not take a position.
• More than half of the 41 companies at which the proposal passed are energy firms, including Anadarko Petroleum Corporation, Chevron Corporation, ConocoPhillips, Duke Energy Corporation, Freeport-McMoRan Copper & Gold Inc., Hess Corporation, Marathon Oil Corporation and Occidental Petroleum Corporation, among others.
• The proposal also received majority support at Alliance Data Systems Corporation, AvalonBay Communities Inc., Avon Products Inc., eBay Inc., Equity Residential, Hasbro Inc., Netflix Inc. and Priceline Group, among others.
• An additional 11 proposals garnered near-majority support, including a 49.9% vote at Chipotle Mexican Grill, Inc. and 49.4% votes at both Exxon Mobil Corporation and Pioneer Natural Resources Co.
• The Comptroller’s Office expects most of the companies at which the proposal passed, and some of the companies at which it received near-majority support despite management’s opposition, to enact proxy access bylaws consistent with the terms of the proposal. The companies are not required to enact the requested bylaw, however, as the proposals are not legally binding.
• In July 2015, economic researchers at the SEC released a study that looked at the Boardroom Accountability Project and found a 0.5% increase in shareowner value at the targeted firms. The findings, which are consistent with a 2014 CFA Institute study that found that proxy access on a market-wide basis has the potential to raise U.S. market capitalization by as much as 1%, underscore the importance of the Project for investors in general, and for the City pension funds in particular.
• The Boardroom Accountability Project has been recognized as an extraordinary success by investors, companies and their respective advisors, and is generally credited with shifting the landscape on a fundamental shareowner right that investors have been seeking since the collapse of Enron in 2002.
In addition to proxy access, the City pension funds also submitted shareowner proposals for Fiscal Year 2015 annual meetings requesting that companies adopt or strengthen “clawback” policies that authorize the board to recover compensation from
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executives whose improper conduct causes financial or reputational harm to the company; eliminate dual class stock; disclose corporate political spending; and disclose data on the race and gender of their workforce across major job categories, including senior management.
• Among the more significant outcomes, a first-time proposal requesting that JPMorgan Chase & Co. disclose annually whether it clawed back any incentive compensation from any senior executive during the prior year received a 44% vote and a proposal seeking disclosure of corporate political spending received 45% support at both Cabot Oil & Gas Corporation and PPL Corporation.
Additional information on the City pension funds’ shareowner initiatives, including a comprehensive list of Fiscal Year 2015 shareowner proposals, is included in the Postseason Report available on the Comptroller’s website.
BUREAU OF CONTRACT ADMINISTRATION
The Bureau of Contract Administration (BCA) fulfills the Comptroller’s Charter-mandated role of registering all contracts and agreements for goods, services and construction executed pursuant to the Charter, including all agreements memorializing the terms of franchises, revocable consents or concessions that are paid out of the City Treasury or paid out of money under the control of the City. The New York City Charter requires registration of all applicable contract actions before they are legally implemented and the Comptroller has 30 calendar days from the date a contract action is fully submitted by the respective agency to register or object to the registration of the contract. The process is designed to ensure that sufficient funds exist to make payments for that contract, that all appropriate certifications and documentation have been obtained and collected, that the contractor is not debarred or involved in corrupt activity, and that there was no corruption in the letting of the contract. Contracts for the provision of goods, services or construction that are not to be paid for out of the City Treasury or out of moneys under the control of the City do not have to be registered by the Comptroller, and emergency procurements may be registered after the contract commences, rather than before.
Contracts are reviewed by BCA through the Comptroller’s optical image and workflow application known as the Omnibus Automated Image Storage and Information System (“OAISIS”). In Fiscal Year 2015, BCA received over 20,600 contract actions for registration. Of those, approximately 91% were ultimately registered while around 9% were returned to or withdrawn by the submitting agency.
In addition to its Charter-mandated registration function, the Bureau also satisfies the Comptroller’s obligation under the New York City Administrative Code to publish a summary report no later than January 30th following the close of each fiscal year. This report includes certain data for registered franchises, concessions and contracts for goods or services including, but not limited to, contract type, award method and aggregate dollar values of registered contract actions. The data that forms the basis of this report is generated from a computerized database jointly maintained by the Comptroller and the Mayor and contains detailed information on contracts, agreements, franchises and concessions reflecting the City’s financial commitment assumed through registered agreements. The Annual Report on Contracts for Fiscal Year 2015 will be released by January 30, 2016.
While most of the work performed by the Bureau is with parties outside of the Comptroller’s Office, the Bureau also works closely with other divisions within the Office on a host of intra-agency initiatives as well as on ways to identify, leverage and successfully implement new technologies and methods to ensure continued efficiency within BCA.
BUREAU OF ECONOMIC DEVELOPMENT
The Bureau of Economic Development leverages the authority and responsibilities of the Office of the Comptroller to create new and sustainable opportunities for the economic growth and development of The City of New York and its people. The Bureau’s mission includes diligently executing the Comptroller’s statutory obligation to oversee City agencies and related entities that are responsible for economic development, conducting rigorous economic research that will form the basis of future economic development policy, and actively managing and making investment recommendations to the New York City Retirement Systems (NYCRS) for its Economically Targeted Investment (ETI) program.
Economically Targeted Investments are prudent investments that provide risk-adjusted market rates-of-return to NYCRS. ETIs seek to fill capital gaps and provide collateral benefits, such as affordable housing and job creation, to the geographic target area. The geographic target area includes the five boroughs of the City and the six New York State counties in close proximity to New York City where City employees are permitted to live (Nassau, Orange, Putnam, Rockland, Suffolk and Westchester counties). NYCRS have successfully invested in ETIs since 1981. ETIs have an allocation of 2% of the total assets of NYCRS. The market value of the ETI Program at the end of Fiscal Year 2015 is $1.55 billion (1.0% of total assets) with an additional $429.4 million committed to specific ETI investments. In addition, the Real Assets ETI investments have a market value of $368.6 million, and together with the other ETI investments and commitments constitute 1.5% of total assets.
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As of June 30, 2015, the ten-year overall performance of ETIs was 5.88% net of fees as compared to the benchmark performance of 4.44% (Barclays Capital U.S. Aggregate Bond Index).
During Fiscal Year 2015, the ETI program made cumulative investments of $153.9 million in individual multifamily projects through its Public/Private Apartment Rehabilitation (PPAR) program. These investments financed the rehabilitation or new construction of 2,454 units of affordable housing. The PPAR program also issued additional commitments for $153.3 million for new loans financing 2,764 units during Fiscal Year 2015. NYCRS’s commitments to provide permanent financing insures that construction will go forward on these projects. Since the inception of the PPAR program in 1982, more than $1 billion has been invested.
NYCRS maintained their investment in the AFL-CIO Housing Investment Trust (HIT). The June 30, 2015 cumulative market value of HIT investments is $629 million. Since 2002, the HIT has invested over $997 million to preserve over 31,200 units of the geographic target area’s affordable housing stock, which generated jobs and provided for the long-term affordability of the units.
Access Capital Strategies (Access), a division of the Royal Bank of Canada, invests in mortgage-backed securities comprised of loans issued to single family homeowners making up to 200% of the Area Medium Income. All loans are screened for compliance with anti-predatory lending practices. Access Investments can also include securities backed by first mortgage loans issued to developers of multifamily rental housing, and other types of community development loans in New York City. As of June 30, 2015, Access invested $536 million for 1,765 single family units, 33,390 multifamily units, including Mitchell-Lama buildings, and 17 small business loans.
NYCRS committed a combined $155 million in a separate account managed by Emmes Asset Management Company LLC (Emmes). The Emmes ETI Real Estate equity fund invests in a variety of real property sectors including revitalized multifamily housing and commercial retail and office space in low- and moderate- income neighborhoods in the five boroughs. As of June 30, 2015, Emmes invested $112.2 million creating or preserving over 276,000 square feet of commercial space and 63 units of affordable housing. On July 1, 2015, Emmes was reorganized and renamed to Vanbarton Group LLC (Vanbarton). In addition to the Vanbarton investment, NYCRS has committed $500 million to rehabilitating and creating work-force housing as part of the City’s response to Superstorm Sandy.
In Fiscal Year 2014, NYCRS successfully exited from the $75 million Community Preservation Corporation Term Loan (Term Loan) investment. The Term Loan included short-term construction loans originated by the Community Preservation Corporation through their construction loan facility. The construction loans were for housing and commercial spaces in low- and moderate- income City neighborhoods, generating jobs and promoting neighborhood revitalization. NYCRS announced in August 2014 that they committed to a $40 investment in the new facility. As of the end of the fiscal year, CPC has $14.8 million outstanding from the facility.
NYCRS continually seek proposals for new ETI investments. The ETI Request for Proposal (RFP) is available on the Comptroller’s website and investment proposals may be submitted for any approved asset class, including real estate and private equity.
BUREAU OF AUDIT
The City Charter requires that the Comptroller’s Office perform an audit of some aspect of every City agency at least once every four years. The City Charter also requires that these audits be conducted in accordance with generally accepted government auditing standards (GAGAS) promulgated by the Comptroller General of the United States.
In Fiscal Year 2015, the Bureau of Audit issued 80 audits and special reports. Many of these audits focused on the effectiveness and service quality of City programs. Others focused on financial issues, identifying approximately $363.5 million in actual and potential revenue and savings. However, actual and potential revenue and savings could reach $616.5 million if all recommendations are implemented and the Federal government offers the City the same or similar incentives and subsidies offered during the time under audit review. Reviews of claims filed against the City identified another $203,000 in potential cost avoidance.
Below is a brief synopsis of some of the audits that had a significant impact on City finances and quality of service delivery.
Revenue and Cost Savings
• The Bureau performed an audit on efforts by the New York City Housing Authority (NYCHA) to maximize Federal funding, enhance revenue, and achieve cost savings. The audit found that NYCHA failed to meet its goals to obtain much needed funding and implement cost savings and revenue enhancement initiatives. As a result, it repeatedly failed to achieve the revenue projections and cost savings it presented to the public, the City, and the U.S. Department of Housing and Urban Development (HUD). NYCHA’s failure to meet its funding and savings goals and the consequent inaccuracies in its budget estimates have hindered its ability to operate and to effectively budget and plan for its operations. In total, the audit estimated that NYCHA has forgone incentives and subsidies totaling $692 million (Energy Performance Contracting funding of $353 million, Section 8 funding of $263.1 million, and operating subsidy
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of $75.9 million). Additionally, NYCHA did not document and track whether joint NYCHA/Boston Consulting Group (BCG)-identified cost savings and revenues of $106 million were realized. Therefore, the audit could not assess the extent to which any of the BCG report recommendations were implemented or the extent to which there were any resulting cost savings and revenues.
• An audit was conducted on the Department of Housing Preservation and Development’s (HPD) procedures for the verification of Section 8 Housing Choice Voucher Program Participant-Reported Information. Through Section 8, HPD subsidizes the rent for qualified low-income families. During Fiscal Year 2013, HPD received approximately $423 million in Section 8 subsidies from the federal government through HUD. The audit determined whether procedures were sufficient during the annual recertification process to meet HUD’s program requirements. Auditors looked at additional sources of asset, income and family composition data and matched it against all HPD Section 8 participants as of July 1, 2013, to determine if there were participants who may have omitted information during recertification. Based on data matches, the audit identified discrepancies in records potentially related to 829 Section 8 participants. The information related to participants’ assets and income was not in HPD’s database and may have affected the participants’ entitlement to benefits. To maintain program integrity, HPD should consider implementing procedures to ensure that it considers all available information related to Section 8 eligibility during recertification. Using this technique, the auditors identified $26 million in rental assistance that should not have been paid to the residents.
The auditors conducted a similar audit of NYCHA’s Section 8 verification procedures. During Calendar Year 2013, NYCHA received $1.037 billion in subsidies from the Federal government through HUD for the operation of the Section 8 program in its housing. Through annual recertification, NYCHA is required to determine that participants continue to be eligible and recalculate the current amounts of the subsidies to which they are entitled. The audit looked at additional sources of assets, income and family composition data and matched it against all NYCHA Section 8 participants to determine if there were participants who may have omitted information during recertification. Based on data matches, the audit identified discrepancies in records potentially related to 2,041 participants. The information was not considered during recertification, and may have affected the participants’ entitlement to benefits. To maintain program integrity, NYCHA should consider implementing procedures to ensure it considers all available information related to Section 8 eligibility during recertification. Using this technique, the auditors identified as much as $42 million in rental assistance that should not have been paid to the residents.
• The New York City Department of Environmental Protection (DEP) is responsible for the management and conservation of the City’s water supply, transmission, and distribution systems and wastewater collection and treatment, and for overseeing capital construction programs for such systems. DEP distributes more than one billion gallons of clean drinking water each day to nine million residents and collects and treats wastewater to protect the City’s environment and harbor. DEP’s capital construction program, one of the City’s largest, includes complex multi-billion dollar projects, such as the Croton Water Filtration Plant, City Water Tunnel No. 3, and the upgrade of the Newtown Creek Wastewater Treatment Plant.
An audit was conducted to determine whether DEP made accurate and appropriate payments to professional service contractors, ensured compliance with the terms of its contracts and applicable City payment requirements, and complied with City requirements for procurement including the Procurement Policy Board Rules (PPB Rules) and applicable Comptroller’s Directives. The audit concluded that DEP did not have adequate controls over its contract payment process. Specifically, the audit found that DEP did not effectively review contractors’ invoices to ensure that requested payments were accurate, appropriate, and adequately documented. As a result, among the contracts sampled, DEP processed questionable payments of $7.9 million and processed excess payments of $364,834. The audit also found that DEP did not adequately document certain aspects of its procurements. Some contract files were missing the conflict of interest statements signed by contract proposal evaluators, Notices of Vendor Selection, and other required paperwork. Further, DEP did not follow the approval procedures for awarding or registering emergency contracts as required by PPB rules.
• The Mayor’s Office of Film, Theatre and Broadcasting (MOFTB) provides film production companies with the necessary permits to film at locations throughout the City, including permits for parking, street and sidewalk closures, and police assistance. This audit focused on the extent to which the fees charged for permits by MOFTB enable the City to recoup costs incurred for filming activities. In Fiscal Year 2013, the direct costs incurred by the City to provide services to film production companies were at least $3.9 million. However, MOFTB only collected $1 million from the $300 per project fees charged, resulting in a deficit of $2.9 million, which was absorbed by the City. Had MOFTB charged a fee of $593, the cost associated with each project that was identified in a cost analysis conducted by MOFTB and approved by New York City Office of Management and Budget (OMB), it would have generated another $1 million in revenue to the City. In addition, MOFTB did not bill $1.9 million to the film production companies for police assistance costs incurred during filming. The audit also noted that in addition to providing lower permit fees to film companies and absorbing a significant portion of the film services cost, the City provided
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over $3 million in free advertising, but only required the production companies to donate approximately $98,000 to cultural institutions.
Asset Management and Internal Controls
• The Bureau audited the New York City Department of Education (DOE) to determine whether computer hardware it purchased for use by students, teachers and administrative staff through contracts with Apple, Inc. (Apple) and Lenovo, Inc. (Lenovo) was properly accounted for. The agency entered into a contract with Apple on September 1, 2009, and one with Lenovo on July 1, 2011. As of September 2014, DOE had spent approximately $197.1 million, which included $96.8 million on the Apple contract and $100.3 million on the Lenovo contract.
The audit found that DOE’s controls and management over its computer hardware were not sufficient to ensure that it could properly account for the computers it had purchased. DOE did not maintain a centralized inventory of computer hardware purchased from Apple and Lenovo. Further, DOE did not reconcile the individual DOE sites’ inventory records with its Asset Management System (AMS), the database used by DOE to record computer hardware delivered to DOE. Consequently, auditors could not rely on information in AMS, and the system could not properly identify where all of the computers paid for by DOE were located. In an initial reconciliation of two AMS lists of computers supposedly delivered to a single location, 1,044 items were listed in AMS as “Asset Location Unknown.” An additional 46 items were unaccounted for entirely. Further, inventory counts at nine other sampled locations (eight schools and the administrative office at 52 Chambers Street) found that an additional 727 pieces of computer hardware were missing entirely from the locations in which AMS stated they were to be found. Finally, in inspections of the eight schools sampled, 394 pieces of computer hardware were still packed and unused.
• An audit examined whether NYCHA had adequate controls in place to accurately monitor and track vacant apartments in its public housing developments throughout the five boroughs. According to NYCHA records, as of September 19, 2014, NYCHA’s inventory of more than 178,000 apartments included 2,342 vacant apartments, both off and on the rent roll. This constitutes a vacancy rate of one percent. Also, according to information provided by NYCHA, as of December 22, 2014, there was a wait list of 273,391 households vying for apartments. Notwithstanding NYCHA’s low vacancy rate, the audit found that NYCHA had inadequate controls over the monitoring and tracking of its vacant apartments. NYCHA did not ensure that vacant apartments were repopulated with new tenants in a timely manner. The audit found that apartments removed from the rent roll because they needed major repairs or renovations remained off-roll an average of 2,605 days and that apartments removed because of relocations for elevator rehabilitation remained off the rent roll an average of 689 days. The audit sample found that NYCHA took an average of 116 days to fill vacant on-roll apartments with new tenants, significantly longer than its stated goal of 40 days.
• On October 29, 2012, Superstorm Sandy displaced thousands of individuals and families throughout New York City, destroying their homes or leaving them uninhabitable. The Department of Homeless Services (DHS) is responsible for providing short-term, emergency shelter for individuals and families who have no other housing options available and for assisting those residing in shelters to transition into permanent housing. DHS entered into 20 emergency contracts, totaling $19.9 million, with various human service organizations to provide shelter and other services on an emergency basis. This audit determined whether DHS established and maintained adequate internal controls to ensure that contracted services were provided and that contractors complied with applicable laws and regulations. Such controls ensure that the City is eligible to receive Federal Emergency Management Agency (FEMA) disaster relief funds for expenses incurred in the wake of the hurricane.
The audit disclosed weaknesses in DHS’ oversight and controls over its emergency contracts. DHS did not have formal monitoring procedures, nor did it have sufficient evidence that oversight and monitoring activities for the contracts that were the subject of the audit took place. In addition, DHS personnel did not adequately review or check invoices and supporting documentation for accuracy prior to payment. Finally, emergency contract managers did not perform satisfaction assessments of shelter clients as required by the City’s PPB Rules Chapter 4, §4-01(e).
• The New York City Department of Citywide Administrative Services (DCAS) is responsible for providing City agencies with the resources and support they need to provide the best possible services to the public. An audit determined whether DCAS adequately accounted for and managed its inventory of City office space. City government offices occupy over 19 million square feet of space. Pursuant to City Charter Chapter 35, §824(b), DCAS is authorized to assign and reallocate space and real property to City agencies that is owned and leased by the City. This includes 12.5 million square feet of space leased at a cost of roughly $365 million annually and 6.5 million square feet of City-owned space which costs the City approximately $70 million annually to operate and maintain. DCAS manages 51 City-owned buildings and two privately owned buildings located in the five boroughs which contain over 11.9 million square feet. The audit focused on this DCAS-managed office space only.
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The audit found that DCAS does not adequately account for and manage its inventory of City office space. The agency does not have a reliable computer system or an effective tracking tool to assist in processing moves and renovations, or with maintaining an inventory of all City office space. The audit found that DCAS does not have an accurate inventory listing of available office space and did not consistently follow its protocols for evaluating space requests. As a result, DCAS is hindered in its ability to track vacancies and is unable to maximize the efficient use of City resources, which could result in unnecessary and increased costs to the City.
• The Mayor’s Office of Housing Recovery Operations (HRO) was audited to determine whether it had proper controls in place to ensure the appropriate, prompt and efficient delivery of services to applicants for benefits under the New York City Build it Back (BIB) Single Family Program from June 1, 2013 to August 1, 2014. After Superstorm Sandy, the City launched the BIB program to carry out long-term residential reconstruction as part of HUD’s Community Development Block Grant-Disaster Recovery initial Action Plan. Pursuant to the plan, the City proposed using more than one billion dollars in Federal funds to pay for reconstruction initiatives, including the Single Family Program, which was specifically designed to assist owner-occupants of properties with one to four units affected by Superstorm Sandy. HRO received approximately 19,500 registrations for the BIB Single Family Program during its open enrollment period.
The audit determined that HRO failed to implement proper controls to ensure the appropriate, prompt and efficient delivery of services to applicants for benefits under the BIB Single Family Program. Specifically, HRO failed to effectively monitor the work of the multiple consultant companies hired to carry out the program. In addition, as HRO repeatedly changed program procedures and policies, it failed to adequately memorialize these changes in contract amendments or other documents that would ensure the changes were adhered to and enforceable. Further, HRO failed to ensure that consultants effectively notified and trained their staffs about program changes, failed to provide quality control over their implementation, and did not track the effects of the changes on the efficiency of the BIB program over time.
As a result, by December 31, 2013, seven months after the program began accepting applications and over a year after the storm devastated homes along the coast of New York City, only 960 of the roughly 20,000 program applicants had met with HRO to discuss the options available to them through the BIB program and zero applicants had actually received any program benefits. As of August 1, 2014, nearly two years after the storm hit New York and fifteen months after the BIB program began accepting registrations, only 686 applicants had received any type of benefits.
• NYCHA’s inventory is stored in its main warehouse located in Long Island City (LIC) and in storerooms and skilled trades’ shops located at its 334 developments throughout New York City. The Bureau audited NYCHA to examine whether it had adequate controls in place to manage its inventory of equipment and supplies. All items maintained at the LIC warehouse are inventoried on arrival and expensed in NYCHA’s financial records at the time they are distributed to the developments. The inventory maintained at the developments also includes fixed assets. During the audit’s scope period, the supplies stored at the LIC warehouse were valued at $5.3 million, the total dollar amount of the orders from LIC for 173 developments was approximately $9.4 million, and the total dollar amount of drop shipment purchases was approximately $49.5 million (covering 221 developments). The total reported value of the inventory at six satellites warehouses was $20.5 million. For the same period, the reported value of fixed assets at the developments was close to $33 million.
The audit found significant deficiencies in NYCHA’s internal procedures that resulted from management’s failure to institute adequate controls over inventory operations. Consequently, there is limited assurance that the inventory at the satellite warehouses and the development storerooms is adequately protected against misappropriation or theft. The audit specifically found that NYCHA staff failed to maintain accurate inventory records, properly safeguard inventory items, and submit reports to NYCHA management in a timely manner, if at all. The audit found that NYCHA’s senior management has not established an adequate monitoring structure to enable them to determine the extent to which applicable policies and procedures are being followed. NYCHA’s deficient controls place well over $100 million of reported inventory at risk.
Service Delivery and Program Performance
• The New York City Commission on Human Rights (CCHR) is responsible for enforcing the City’s Human Rights Law, which prohibits discrimination in employment, housing and public accommodations based on race, color, creed, age, national origin, alienage, citizenship status, gender, sexual orientation, disability, marital status and partnership status. CCHR is directly responsible for the intake, investigation and prosecution of complaints alleging violations of the Human Rights Law and this audit evaluated CCHR’s processes and timeliness in handling those complaints. The audit found that while CCHR had established an informal system of internal practices and protocols for handling complaints, it failed to meet its internally established benchmark for the time in which it investigates complaints. Of the 593 cases that CCHR closed between January 1, 2012 and June 14, 2013, less than half (291) were closed within
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the agency’s one-year benchmark. For the remaining 302 cases, CCHR took an average of 427 days to complete investigations and close the cases. CCHR had not analyzed its case files to identify the key factors that affected its case processing and caused delays, nor developed any additional strategies to improve case timeliness.
• The Bureau audited the Metropolitan Transportation Authority (MTA) to determine whether it adequately monitored the performance of its express buses with respect to on-time performance. Based on MTA data for Calendar Year 2013, MTA Bus operated a fleet of 509 express buses with annual ridership of 9,023,396 and NYCT operated a fleet of 508 express buses with annual ridership of 11,544,719.
The MTA does not have on-time performance targets for the percentage of buses that it expects should be on time. However, it does have criteria by which it measures timeliness for a scheduled pick-up. The audit found that 31% of sampled express buses were not on time, based on the MTA’s criteria for timeliness. Additionally, the MTA does not publicly report progress towards meeting its targets for reliable express bus service. The MTA has developed two bus performance indicators—percent of bus trips completed and mean distance between failures—to measure how well it is attaining its goal of service reliability. When reporting bus performance, however, it combines the results for express buses with those of the much larger population of local buses. Consequently, the riding public has no means of assessing express bus service performance.
• The Bureau performed an audit to determine whether NYCT is meeting its internal goals for performing track cleaning and painting in subway stations. The New York City subway system (subways and rapid transit) is composed of 659 passenger track miles on which it operates 6,311 subway cars on 21 subway lines and 3 shuttle lines that pick up and discharge passengers at 467 stations within four of the five City boroughs. In 2013, total annual subway ridership was approximately 1.708 billion people, an increase of 3.2% from 2012 to 2013. In 2013, NYCT spent $240 million of its operating budget for the maintenance and cleaning of subway stations, using 2,485 hourly salaried employees to perform the maintenance and cleanings. In addition, another 278 operations supervisors ensure that subway stations are properly maintained in a clean, safe and sanitary condition. The audit found that NYCT’s station painting and track cleaning efforts were insufficient to meet agency goals and as a result, the physical appearance of stations, with regard to their track cleanliness and their painting, remains poor.
• The Bureau audited NYCT to determine whether it had adequate processes and procedures to ensure the prompt handling of customer MetroCard claims received by the MetroCard Customers Claims (MCC) unit. The audit also determined whether NYCT sufficiently monitors and measures its performance in responding to such claims to identify and correct potential weaknesses and enhance customer service. In Calendar Year 2013, NYCT received 405,521 MetroCard claims. As of December 31, 2013, the MCC unit had processed 382,239 (94%) of them, resulting in customer reimbursements totaling approximately $6.8 million. The audit found that NYCT’s MCC unit had strong controls in place throughout all phases of its processing of MetroCard claims. In addition, the MCC unit closely monitored and measured its performance in responding to MCC claims. However, the thoroughness of these controls slowed NYCT’s processing time, making it difficult for NYCT to expedite claims. In Calendar Year 2013, 94% of the MetroCard customer claims that NYCT received were processed and closed. However, on average, NYCT took more than two months (or 67.6 days) to process more than 80% of those claims, despite the unit’s stated goal of 14 days. The MCC unit requested that additional personnel temporarily assigned by NYCT to the MCC unit be permanently assigned to address this issue.
• New York City’s housing code requires that residential building owners ensure that their buildings are safe, clean, and well-maintained, both in the common areas and in the apartments. HPD, which enforces the housing code, was audited to determine whether it effectively handles the housing maintenance complaints it receives. Each complaint is assigned a priority level that is used to determine how soon the complaint should be addressed by HPD. A complaint can be prioritized as being dire, an emergency, or a non-emergency.
HPD attempts to inform the last validly registered building owner of the complaint via telephone or email. In addition, HPD attempts to call the tenant to determine whether the conditions have been corrected. If the tenant cannot be reached or if he or she states that the condition still exists, HPD’s Division of Code Enforcement sends an inspector to conduct an inspection. If an inspector finds violations, an owner will be issued a Notice of Violation (NOV). According to the Mayor’s Management Report, HPD received more than 540,000 housing maintenance complaints, conducted more than 660,000 inspections, issued more than 385,000 violations, and closed more than 540,000 complaints each year during Fiscal Years 2012, 2013, and 2014.
The audit found weaknesses in HPD’s handling of housing maintenance complaints. HPD has established informal timeliness benchmarks for addressing housing maintenance complaints, however they were not consistently addressed in a timely manner. In addition, certified lead paint violations were not consistently re-inspected within 14 days, “no access” and “not reached” inspection results were not monitored effectively, there were inadequate controls for the
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follow-up of tenant challenges to owners’ claims of having corrected the violations, controls over owner certifications need to be strengthened, there was no goal for the re-inspection of certified non-lead-paint violations, and there were inadequate procedures for supervising inspectors.
BUREAU OF INFORMATION SYSTEMS & TECHNOLOGY
The Bureau of Information Systems & Technology (BIST) develops and implements technology solutions and maintains over 120 application software products that provide a full range of technology support services for all key business functions and Charter mandated responsibilities of the New York City Comptroller’s Office.
BIST services include: technology strategic planning, website development and administration, graphic design, disaster recovery, business continuity, systems development, communications and network administration, business process re-engineering, change management, program management, security administration, help desk, training, application architecture, computer operations, telecommunications, document management, geographic information systems, check production and distribution, webcasting and video services, social media support, technology procurement, and vendor management.
During the past year, BIST worked closely with all bureaus in the Comptroller’s Office to re-engineer and automate critical business processes within their operations and enable access to and analysis of critical data stores, providing a wealth of information central to the core objectives of the Comptroller’s Office. Examples include:
Enhancements to Checkbook NYC
Checkbook NYC represents a comprehensive suite of transparency applications residing on the Comptroller’s website that provide unparalleled access to detail information on the City’s spending, contracts, payroll, budget, revenue, pension investments and administration, and business operations with Minority & Women Owned Business Enterprises (M/WBE). These applications were recognized by the U.S. Public Interest Research Group as the #1 website application of all major U.S. cities for displaying online government information.
Specific enhancements include:
• Subvendors have been added to the application for all prime vendors with a contract value greater than $250,000. This provides a more in depth view of vendor utilization by City agencies, including specific M/WBE firms.
• All 25 financial and statistical trends within the Checkbook application were updated with data from the City’s 2014 Comprehensive Annual Financial Report (CAFR).
Take It To The Bank: A New Yorkers Guide to Affordable Checking Options
Take it to the Bank is a new initiative designed to help New Yorkers find and compare affordable checking accounts. The Take it to the Bank website at www.takeittothebank.nyc includes a report on checking accounts; the “Find a Bank” tool that compares 74 checking accounts across 34 different services, fees and features; and an “affordability ranking” to help New Yorkers determine the potential cost of each account.
ClaimStat
The ClaimStat initiative originated last year with a policy report on claims filed against the New York City Police Department, Health & Hospitals Corporation, Department of Parks and Recreation, Department of Sanitation and Department of Environmental Protection. In Fiscal Year 2015, a report on pothole claims processed by the City was developed. Claimstat reports include interactive geographic maps displaying thousands of claims that are reported to the Comptroller’s Office. ClaimStat assists in identifying patterns and practices that lead to lawsuits against the City and potentially assists the City in risk management.
Enhancements to the OAISIS system
OAISIS is an imaging/document management/automated work flow system that supports the City’s claims processing (approximately $600 million in annual settlements), contracts registration (over 20,000 contracts annually), and Labor Law enforcement (over 100 new cases annually). Enhancements were implemented to leverage the automated work flow and document imaging technology for specific business functions of the Office.
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Specific enhancements include:
• NYPD Access to Police claims—over 5,000 police related claims were filed against the City last year. Providing online access to these claims in the Comptroller’s OAISIS system for specific NYPD personnel supports more efficient settlement efforts and risk management objectives.
• New Labor Law Module Functionality—This module supports labor law enforcement, payment processing, and tracking, including unclaimed funds that must be tracked for six years before a case can be closed. New functionality included: wage schedule updates, case notes history, mail merge, employee lists, and an online tool to search for unclaimed funds with displays that adjust for easy viewing on smartphones and tablets.
Bureau of Asset Management Database Warehouse
The Bureau of Asset Management (BAM) manages the City’s Pension fund assets for all City workers. The portfolio represents approximately $163 billion and includes relationships with over 120 global investment managers. Core data from investment transactions is compiled with the funds custody bank, State Street Bank. BIST developed a data warehouse to receive automated interfaces of key investment information data files. The warehouse establishes a repository to support key information analysis for the entire portfolio including: risk management, performance, manager payments, data holdings, and account attributes, among others.
New eDiscovery Platform
The Clearwell eDiscovery platform from Symantec was implemented by BIST to support the Office’s entire electronic discovery lifecycle. This includes: executing legal hold obligations; collecting data from initial electronic sources; and filtering, reviewing, and analyzing collected data. This new platform will streamline the activities associated with the requests to the Office under the Freedom of Information Law (FOIL).
New Service Management Platform
The Remedy Service Management platform from BMC software was implemented by BIST to support state-of-the-art technology service management requests for the Comptroller’s Office. Remedy is used by all operating units of the Office to submit service requests to the Bureau of Information Systems & Technology HELP DESK. The platform includes a self-service module which enables users to view all requests and their status in a dashboard visual.
The Comptroller’s Website
BIST maintains the official website for the New York City Comptroller’s Office: comptroller.nyc.gov. The website can be viewed in 90 different languages and averages approximately 44,000 visits each month. The website contains critical information about City government including: the City’s annual financial statements, audits of agencies, reports on the budget and economy, data on bond and note sales, and policy reports issued by the Comptroller’s Office. The public can also instantly contact the Comptroller’s Community Action Center via the website to obtain assistance on a variety of issues. Individuals may also report City-related fraud, find job openings at the Comptroller’s Office, obtain certificates of residency, review prevailing wage schedules, or obtain forms to file claims against the City. Claims can also be filed online using the eClaims application on the website. The site also includes Vendor Roadmap: a guide for how vendors can do business with the City, a report card showing utilization by city agencies of minority- and women-owned business enterprises, and the status of all city contracts. To ensure that communications from the Comptroller’s Office are optimized, website content will be migrating to a “responsive design” model which will accommodate easy viewing on a variety of devices including smartphones and tablets.
Continuity of Business Operations
BIST developed and maintains the Comptroller’s agency-wide disaster recovery and business continuity plan which ensures that the Office’s mission critical and mandated functions are restored with minimal interruption in the event of a major incident or disaster. The plan addresses incident management, technology restoration, and business process continuity for all critical office functions. It also includes the real time replication of critical transactions to a remote computer processing location. This remote location provides key personnel with onsite systems access and an emergency operations center in addition to housing the required technology and infrastructure components.
Communications are critical to disaster and incident management, and the Comptroller’s Office utilizes several tools to ensure communication capability is maintained for critical personnel. Testing and maintenance of the plan are critical components to its success. Maintenance is performed on a continual basis to reflect updates to the recovery environment, and changes to business functions, the organization, and technology within the agency. Testing of the plan is performed every six months.
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Effecting “Greener” Technology Operations
Conservation of power resources and caring for the environment continue to be critical global issues for all technology operations. This past year, the Comptroller’s Office continued technology infrastructure upgrades and in doing so implemented best practices for a “greener” technology operation. This included the procurement and installation of energy-efficient hardware, configuring data center racks in a “hot-aisle” “cold-aisle” model, implementing server virtualization models, employing power-management on all hardware devices, and complying with e-waste disposal standards.
Technology Infrastructure
BIST supports the technology infrastructure for the Comptroller’s Office which includes 17 bureaus located on 10 floors in the Municipal Building. A central data center, maintained by BIST, supports all technology operations.BIST also maintains the Comptroller’s Central Imaging Facility (CIF) which performs front end document preparation, scanning, and indexing for all City contracts, claims, and Labor Law transactions. Additionally, a technology training center is maintained which is used for equipment and application testing. BIST also maintains the Comptroller’s remote disaster recovery site where critical transactions are replicated on a real time basis. BIST administers electronic access security and video surveillance to all premises occupied by the Comptroller at 1 Centre Street.
The Comptroller’s Office continually evaluates and upgrades its technology infrastructure in an effort to maintain state-of-the- art technology and ensure applications compatibility. Recent upgrades associated with the completion of a five-year capital refresh on all of the Office’s computer equipment include: replacing data center servers and storage hardware; deploying new PCs, laptops, smartphones, and other peripheral devices; upgrading mail and desktop environments to Exchange Server 2013, Office 2013, and Windows 8.0; and expanding the wireless network with new access points throughout the office.
Security Infrastructure and the Cyber Threat Landscape
Cybersecurity has become a critical global issue in both the public and private sectors. With the proliferation of digital communications and the increased presence of cyber threats, infrastructure must be positioned to prevent and detect such threats. The Comptroller’s Office’s security infrastructure for cyber threats includes Edge security; servers, storage, and appliances; switches; and endpoints (PCs, laptops, and tablets). Various vendor partners provide security hardware and software to support this infrastructure and are constantly introducing new products to deal with the latest threats. These products are continually evaluated and recent implementations include:
• Cisco IronPort – to assist with email security.
• Cisco Advanced Malware Protection (AMP) – to assist in protecting endpoint devices.
• Cisco SourceFire – to monitor and block advanced malware attacks, viruses, and provide intrusion prevention.
• Qualys Guard – to scan network elements to detect security vulnerabilities.
Infrastructure upgrades will allow the Comptroller’s Office to prevent system outages, ensure appropriate up-to-date security features are installed, and ensure that the office remains compatible with other City agencies and businesses so that appropriate data and documents can be easily shared and exchanged. Upgrades will also allow the Office to remain current with industry trends and best practices, be environmentally compliant, be vigilant relative to the cyber security threat landscape, and dovetail with the upgrades occurring in other business applications.
THE COMPTROLLER’S COMPREHENSIVE ANNUAL FINANCIAL REPORT
The Comprehensive Annual Financial Report is required by Section 93(1) of the New York City Charter, and is presented in three sections. This transmittal letter serves as an introduction and summary. The financial section includes the basic financial statements, combining fund financial statements and schedules and other required supplementary information. The statistical section includes selected financial and demographic information, generally presented on a multi-year basis.
The City is responsible for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures. To the best of the Comptroller’s Office’s leadership’s knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of operations of the City and its various funds. All disclosures necessary to enable the reader to gain an understanding of the City’s financial activities have been included.
The City is required to undergo an annual Single Audit in conformity with the provisions of the Single Audit Amendments Act of 1996 and the United States Office of Management and Budget’s (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which superseded OMB Circular A-133 and other related documents. Information
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related to the Single Audit, including the Schedule of Expenditures of Federal Awards, findings and recommendations, and auditors’ reports on internal controls and compliance with applicable laws and regulations, are issued as a separate report.
Budgetary and Financial Controls
The City is responsible for establishing and maintaining internal controls designed to ensure that municipal assets are protected from loss, theft, or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with GAAP. Internal controls are designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived, and (2) the valuation of costs and benefits requires estimates and judgments by management. These internal controls are subject to continuous evaluation by the City.
Budgetary Controls
The City maintains budgetary controls to ensure compliance with legal provisions embodied in the Annual Appropriated Budget approved by the City’s governing body. Activities of the General Fund are included in the Annual Appropriated Budget. The City also makes appropriations in the Capital Budget to authorize the expenditure of funds for various capital projects. A level of budgetary control, i.e., the level at which expenditures cannot legally exceed the appropriated amount, is established within each individual fund. As reported in the schedules to the financial statements, several agencies have expended more than legally appropriated amounts. The City also maintains an encumbrance accounting system as another technique of accomplishing budgetary control. Encumbrances lapse at the end of each fiscal year.
Financial Controls
The City maintains financial controls through the use of an integrated accounting and budgeting system, referred to as the Financial Management System (FMS). FMS maintains the City’s centralized accounting and budgetary controls. FMS is also used by the City to maintain information on City contracts as well as capital projects. FMS provides the ability for the Comptroller’s, Mayor’s, and individual agencies’ financial managers to access, analyze, and utilize the City’s financial data. These capabilities are continuously improved to meet new information needs.
Section 93 of the New York City Charter grants the Comptroller broad powers for establishing accounting and internal control policies and procedures for the City. To ensure the adequacy of the City’s internal controls, directives and memoranda that outline appropriate policies and procedures for all City agencies and component units are issued and periodically updated. These directives and memoranda establish internal controls and accountability, which safeguard City assets. The Comptroller’s Office and agency auditors periodically check City agencies’ and component units’ adherence to internal control policies and procedures.
Each year, in accordance with the “Principles of Internal Control,” Comptroller’s Directive 1, every City agency is required to prepare a report on its internal controls. Each agency’s report must include an “Agency Financial Integrity Compliance Statement” signed by the agency head. The statement must include the agency head’s opinion as to whether the agency’s internal controls provide reasonable assurance that internal control objectives were achieved during the fiscal year and can continue to be achieved in the future.
The Comptroller’s Office Audit Bureau administers the “Agency Financial Integrity Compliance Statement” program that is part of the “Principles of Internal Control” Directive and collects agency responses. In addition, the auditors collate these responses and use the results as part of a risk assessment to identify future audits. This approach helps to ensure that agencies genuinely assess their internal controls, rather than just examine them perfunctorily. The Comptroller’s Office also asks agencies to assess the adequacy of their internal audit functions.
Should a control weakness prevent any significant control objective from being achieved, the agency head must describe management’s plans for correcting it. Agencies must also explain and describe planned corrective action for any outstanding weakness described in audit reports prepared by the City Comptroller’s Office auditors, the City’s independent auditors, the State Comptroller, or other oversight or audit bodies.
The Comptroller issued two new memoranda in Fiscal Year 2015, providing City Agencies with guidance and uniform procedures to follow regarding Agency purchases and contract changes.
Comptroller Memorandum (CM) #2015-1, Update to Comptroller’s Directive # 24 – Agency Purchasing Procedures and Controls, clarifies the limited circumstances under which the FMS Purchase Order – Non-Commodity Document (PON1) and the FMS Payment Request – Miscellaneous Document (PRM1) should be used. The CM was issued to reinforce the limitations contained in the current Directive # 24 regarding the permissible uses of the two FMS documents.
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CM #2015-2, Advisory on Comptroller’s Directive # 7 – Audit Requests for Payment Received Under Contracts for Construction, Equipment, and Construction-Related Services, in accordance with the New York City Procurement Policy Board Rules, and in compliance with Directive #7, clarifies that all changes to contracts for construction, equipment, and construction-related services must be reflected in a change order. This applies to all contracts procured pursuant to the PPB Rules as well as contracts entered into between a City agency and other governments, agencies, public authorities, or public benefit corporations, where registration is required under the PPB Rules, the Office of Management and Budget construction standards, or both.
All Comptroller directives and memoranda may be found on the Comptroller’s Office website.
Independent Audit
The City Charter (Section 95) requires an annual audit by an independent certified public accounting firm. In addition to meeting the requirements set forth in the City Charter, the audit also is designed to meet the requirements of the Federal Single Audit Amendments Act of 1996 and related OMB guidelines, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The auditors’ report on the financial statements and on other financial information is included in the financial section of this report. The auditors’ report, which relates specifically to the single audit, is included in a separately issued report.
AWARDS
For the 35th consecutive year, The City of New York was awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA). The Certificate signifies that the City’s CAFR meets the highest standards of governmental financial reporting. Only 3,107 of some 39,044 governmental counties, municipalities, and townships received the Certificate thus far, and New York City is one of a very select group of 168 to have received the award for 35 or more consecutive years. To be awarded a Certificate of Achievement for Excellence in Financial Reporting, a government must publish an easily readable and efficiently organized CAFR. The CAFR for Fiscal Year 2014 again satisfied these requirements.
ACKNOWLEDGEMENTS
I want to thank the hundreds of accounting and financial professionals whose efforts on behalf of the people of The City of New York are the foundation of financial accountability. Your hard work and cooperation with my staff made the preparation of this report possible. I also want to thank my staff who have worked so diligently in the preparation of these financial statements. I offer special thanks to Deputy Comptroller/Chief Accountant Michele Mark Levine and Bureau Chief Jacqueline Thompson and the staff of the Bureau of Accountancy. I am also grateful for the assistance of the Office of the Actuary, the Mayor’s Office of Management and Budget and the Financial Information Services Agency. Finally, I want to thank the City’s outgoing independent auditors, Deloitte & Touche LLP, for their efforts throughout this year’s audit which caps a fourteen year tenure of excellent audit services.
Scott M. Stringer New York City Comptroller
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The Government of The City of New York
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Principal Officials
of
The City of New York
Mayor Bill de Blasio
Comptroller Scott M. Stringer
Public Advocate Letitia James
The Council:
Speaker Melissa Mark-Viverito
Majority Leader Jimmy Van Bramer
Minority Leader Steven Matteo
Borough Presidents:
The Bronx Ruben Diaz, Jr.
Brooklyn Eric L. Adams
Manhattan Gale A. Brewer
Queens Melinda Katz
Staten Island James S. Oddo
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
The City of New York
Comprehensive Annual Financial Report
of the Comptroller
FINANCIAL SECTION
Part II
Fiscal Year Ended June 30, 2015
INDEPENDENT AUDITOR’S REPORT
The People of The City of New York:
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the aggregate discretely presented component units, each major governmental fund, the aggregate remaining fund information, each major component unit, and the aggregate nonmajor component units of The City of New York (“The City”) as of and for the years ended June 30, 2015 and 2014, and the related notes to the financial statements, which collectively comprise The City’s basic financial statements as listed in the table of contents. We also have audited the financial statements of each of The City’s nonmajor governmental and fiduciary funds and each nonmajor component unit presented as supplementary information in the accompanying combining and individual fund financial statements as of and for the years ended June 30, 2015 and 2014, as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audits. We did not audit the financial statements of those entities disclosed in Note E.1 which represent 22 percent and 23 percent and 17 percent and 18 percent, as of and for the years ended June 30, 2015 and 2014, respectively, of the assets and revenues of the government-wide financial statements, 6 percent and 7 percent and 4 percent and 4 percent, as of and for the years ended June 30, 2015 and 2014, respectively, of the assets and revenues of the fund financial statements, 7 percent and 6 percent and 8 percent and 8 percent, as of and for the years ended June 30, 2015 and 2014, respectively, of the assets and net position of the fiduciary fund financial statements, and 50 percent and 50 percent and 76 percent and 77 percent, as of and for the years ended June 30, 2015 and 2014, respectively, of the assets and revenues of the component unit financial statements of The City. Those financial statements were audited by other auditors whose reports have been furnished to us, and our opinions, insofar as they relate to the amounts included for those entities disclosed in Note E.1, are based solely on the reports of the other auditors. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to The City’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of The City’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Deloitte & Touche LLP 30 Rockefeller Plaza New York, NY 10112-0015 USA
Tel: +1 212 492 4000 Fax: +1 212 492 5000 www.deloitte.com
Member of Deloitte Touche Tohmatsu Limited 3
Opinions
In our opinion, based on our audits and the reports of other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the aggregate discretely presented component units, each major governmental fund, the aggregate remaining fund information, each major component unit, and the aggregate nonmajor component units of The City, as of June 30, 2015 and 2014, and the respective changes in financial position and the respective budgetary comparison for the General Fund thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of each nonmajor governmental and fiduciary funds of The City and each nonmajor component unit, as of June 30, 2015 and 2014, and the respective changes in financial position, where applicable, thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis on pages 7 through 32, Schedule of Changes in the City’s Net Pension Liability and Related Ratios for Single- Employer Pension Plans at June 30 on page 129, Schedule of the City’s Proportionate Share of the Net Pension Liabilities for Cost-Sharing Multiple-Employer Pension Plans at June 30 on page 130, Schedule of City Contributions for all Pension Plans for Fiscal Years Ended June 30 on page 131, and Schedule of Funding Progress for the New York City Other Postemployment Benefits Plan on page 135 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We, and the other auditors as it relates to Management’s Discussion and Analysis only, have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Supplementary and Other Information
Our audits were conducted for the purpose of forming opinions on the financial statements that collectively comprise The City’s basic financial statements. The Introductory Section, Other Supplementary Information, and Statistical Section, as listed in the foregoing table of contents, are presented for purposes of additional analysis and are not a required part of the basic financial statements.
The Other Supplementary Information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audits of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America by us and the other auditors. In our opinion the Other Supplementary Information is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.
The Introductory Section and Statistical Section have not been subjected to the auditing procedures applied by us and the other auditors in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them.
October 29, 2015
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FINANCIAL SECTION
MANAGEMENT’S DISCUSSION AND ANALYSIS
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MANAGEMENT’S DISCUSSION AND ANALYSIS
The following is a narrative overview and analysis of the financial activities of The City of New York (City or primary government) for the FiscalYears ended June 30, 2015 and 2014. This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements, which have the following components: (1) government-wide financial statements, (2) fund financial statements, and (3) notes to financial statements.
The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances in a manner similar to a private-sector business.
The Statement of Net Position presents information on all of the City’s assets, liabilities, and deferred outflows and inflows of resources. Net position (deficit) is the difference between (a) assets and deferred outflows of resources and (b) liabilities and deferred inflows of resources. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.
The Statement of Activities presents information showing how the City’s net position changed during the fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues are recorded when earned and expenses are recorded at the time liabilities are incurred.
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements, including the New York State Financial Emergency Act for The City of New York (Act). The Act requires the City to operate under a “rolling” Four-Year Financial Plan (Plan). Revenues and expenditures, including operating transfers, of each year of the Plan are required to be balanced on a basis consistent with Generally Accepted Accounting Principles (GAAP). The Plan is broader in scope than the expense budget; it comprises General Fund revenues and expenditures, Capital Projects Fund revenues and expenditures, and all short and long-term financing.
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. The principal role of funds in the financial reporting model is to demonstrate fiscal accountability. Governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of a fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the City’s near-term financing decisions. Both the governmental funds balance sheet and the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate the comparison between governmental funds and governmental activities.
The City adopts an annual appropriated budget for its General Fund. A budgetary comparison statement has been provided for the General Fund to demonstrate compliance with this budget.
The fiduciary funds are used to account for assets and activities when a governmental unit is functioning either as a trustee or an agent for another party. The City’s fiduciary funds fall into two categories:
Overview of the Financial Statements
Government-Wide Financial Statements
Fund Financial Statements
Governmental Funds
Fiduciary Funds
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The Pension and Other Employee Benefit Trust Funds account for the operations of: • Pension Trusts – New York City Employees’ Retirement System (NYCERS) – Teachers’ Retirement System of The City of New York (TRS) – New York City Board of Education Retirement System (BERS) – New York City Police Pension Funds (POLICE) – New York City Fire Pension Funds (FIRE)
• Deferred Compensation Plans (DCP) • The New York City Other Postemployment Benefits Plan (the OPEB Plan)
Each of the pension trusts report all jointly administered plans including primary pension (QPPs), and variable supplements funds (VSFs) and/or tax deferred annuity plans (TDAs), as appropriate. Before Fiscal Year 2014, the City’s financial statements grouped the pension trusts by type (primary pensions, VSFs) rather than as systems. The new presentation is preferable because it more clearly illustrates the relationships between the plans within a pension system, and between the systems and the City. While the VSFs are included with QPPs for financial reporting purposes, in accordance with the Administrative Code of The City of New York (ACNY), VSFs are not pension funds or retirement systems. Instead, they provide scheduled supplemental payments, in accordance with applicable statutory provisions. While a portion of these payments are guaranteed by the City, the State has the right and power to amend, modify, or repeal VSFs and the payments they provide. However, any assets transferred to the VSFs are held in trust solely for the benefit of its members. More information is available in Note E.5.
The Deferred Compensation Plans report the various jointly administered Deferred Compensation Plans of The City of New York and related agencies and Instrumentalities and the New York City Employee Individual Retirement Account (NYCEIRA).
Note: These fiduciary funds publish separate annual financial statements, which are available at: Office of the Comptroller, Bureau of Accountancy—Room 200 South, 1 Centre Street, New York, New York 10007, or at www.comptroller.nyc.gov.
These funds use the accrual basis of accounting and a measurement focus on the periodic determination of additions, deductions, and net position restricted for benefits.
The New York City Other Postemployment Benefits Plan (the OPEB Plan) is composed of The New York City Retiree Health Benefits Trust (the Trust) and postemployment benefits other than pensions (OPEB) paid for directly by the City out of its general resources rather than through the Trust. The Trust is used to accumulate assets to pay for some of the OPEB provided by the City to its retired employees. The OPEB Plan is reported in the City’s financial statements as an Other Employee Benefit Trust Fund. The OPEB Plan was established for the exclusive benefit of the City’s retired employees and their dependents in providing the following current postemployment benefits: a health insurance program, Medicare Part B premium reimbursements, and welfare fund contributions. The City is not required to provide funding for the OPEB Plan other than the “pay-as-you-go” amounts necessary to provide current benefits to eligible retirees and their dependents. During Fiscal Year 2015, the City contributed approximately $3.1 billion to the OPEB Plan.
The Agency Funds account for miscellaneous assets held by the City for other funds, governmental units, and individuals. School fundraiser monies for scholarships, federal asset forfeiture for investigative purposes, cash bail for use by the surety/assignee, are the major miscellaneous assets accounted for in these funds. The Agency Funds are custodial in nature and do not involve measurement of results of operations.
The notes to financial statements provide additional information that is essential for a full understanding of the information provided in the government-wide and fund financial statements.
Notes to Financial Statements
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The financial reporting entity consists of the City government and its component units, which are legally separate organizations for which the City is financially accountable.
The City is financially accountable for the organizations that make up its legal entity. The City is also financially accountable for a legally separate organization (component units) if City officials appoint a voting majority of that organization’s governing body and the City is able to either impose its will on that organization or there is a potential for the organization to provide specific financial benefits to, or to impose specific financial burdens on the City. The City may also be financially accountable for organizations that are fiscally dependent on the City if there is a potential for the organizations to provide specific financial benefits to the City, or impose specific financial burdens on the City, regardless of whether the organizations have separate elected governing boards, governing boards appointed by higher levels of government, or jointly appointed boards.
Certain component units, despite being legally separate from the City, are reported as if they were part of the City because, in addition to the City being financially accountable for them, they provide services exclusively to the City. The blended component units, which are all reported as Nonmajor Governmental Funds, comprise the following:
• New York City School Construction Authority (SCA) • New York City Transitional Finance Authority (TFA) • TSASC, Inc. (TSASC) • New York City Educational Construction Fund (ECF) • Fiscal Year 2005 Securitization Corporation (FSC) • Sales Tax Asset Receivable Corporation (STAR) • Hudson Yards Development Corporation (HYDC) • Hudson Yards Infrastructure Corporation (HYIC) • New York City Tax Lien Trusts (NYCTLTs): – NYCTLT 1998-2 – NYCTLT 2011-A – NYCTLT 2012-A – NYCTLT 2013-A – NYCTLT 2014-A – NYCTLT 2015-A
• New York City Technology Development Corporation (TDC)
Certain component units are discretely presented because, while the City is financially accountable for them, they do not provide services exclusively to the government itself.
The following entities are presented discretely in the City’s financial statements as major component units:
• Water and Sewer System (the System): – New York City Water Board (Water Board) – New York City Municipal Water Finance Authority (Water Authority)
• New York City Housing Authority (HA) • New York City Housing Development Corporation (HDC) • New York City Health and Hospitals Corporation (HHC) • New York City Economic Development Corporation (EDC)
The following entities are presented discretely in the City’s financial statements as nonmajor component units:
• WTC Captive Insurance Company, Inc. (WTC Captive) • Brooklyn Navy Yard Development Corporation (BNYDC) • New York City Industrial Development Agency (IDA) • The Trust for Governors Island (TGI) • Brooklyn Bridge Park Corporation (BBPC) • Business Relocation Assistance Corporation (BRAC) • Build NYC Resource Corporation (Build NYC) • New York City Land Development Corporation (LDC) • New York City Neighborhood Capital Corporation (NYCNCC)
Financial Reporting Entity
Blended Component Units
Discretely Presented Component Units
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In the government-wide financial statements, all of the activities of the City, aside from its discretely presented component units, are reported as governmental activities. Governmental activities increased the City’s net position by $9.3 billion during FiscalYear 2015. The net position was increased by governmental activities during Fiscal Year 2014 by $3.6 billion and decreased during Fiscal Year 2013 by $4.1 billion.
As mentioned previously, the basic financial statements include a reconciliation between the FiscalYear 2015 governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances, which reports an increase of $2.1 billion for all governmental funds balances and an increase in the net position reported in the government-wide Statement of Activities of $9.3 billion. A similar reconciliation is provided for FiscalYear 2014 amounts.
Key elements of the reconciliation of these two sets of statements are that the government- wide statements of activities report the incurrence and issuance of debt as a liability, the purchases of capital assets as assets. The cost of assets are then charged to expense over their useful lives (depreciated/amortized), and changes in long-term liabilities as adjustments of expenses and/or deferred items. Conversely, the governmental funds statements report the issuance of debt as another financing source, the repayment of debt as an expenditure, the purchase of capital assets as an expenditure, and do not reflect changes in long-term liabilities or capital assets.
Key elements of these changes are as follows: Governmental Activities for the FiscalYears ended June 30, ___________________________________________________________________________ 2015 2014 2013 (restated)(a) _____________ _____________ _____________ (in thousands)
Revenues: Program revenues: Charges for services . . . . . . . . . . . $ 6,078,264 $ 5,242,253 $ 4,483,973 Operating grants and contributions 19,437,743 18,395,238 20,063,707 Capital grants and contributions . . 973,430 695,650 849,828 General revenues: Taxes . . . . . . . . . . . . . . . . . . . . . . . 52,523,182 48,529,279 45,669,639 Investment income. . . . . . . . . . . . . 161,351 79,261 102,612 Unrestricted Federal and State aid . . 252,194 251,474 452,122 Other . . . . . . . . . . . . . . . . . . . . . . . 1,403,787 848,455 554,404 _____________ _____________ _____________ Total revenues. . . . . . . . . . . . 80,829,951 74,041,610 72,176,285 _____________ _____________ _____________ Expenses: General government . . . . . . . . . . . 5,479,762 4,324,146 4,262,092 Public safety and judicial . . . . . . . 13,651,658 13,614,413 17,095,181 Education . . . . . . . . . . . . . . . . . . . 22,843,399 21,805,586 24,842,776 City University . . . . . . . . . . . . . . . 1,094,172 1,065,176 968,571 Social Services . . . . . . . . . . . . . . . 14,514,037 14,248,276 14,308,076 Environmental protection . . . . . . . 3,188,665 4,022,369 4,029,470 Transportation services . . . . . . . . . 2,460,777 2,419,644 2,508,152 Parks, recreation and cultural
activities . . . . . . . . . . . . . . . . . . 1,249,560 1,771,837 1,062,436 Housing . . . . . . . . . . . . . . . . . . . . . 1,574,233 1,446,617 1,323,243 Health (including payments
to HHC). . . . . . . . . . . . . . . . . . . 2,186,493 2,364,475 2,607,625 Libraries . . . . . . . . . . . . . . . . . . . . 350,475 292,568 337,315 Debt service interest . . . . . . . . . . . 2,929,046 3,025,056 2,955,121 _____________ _____________ _____________ Total expenses. . . . . . . . . . . . 71,522,277 70,400,163 76,300,058 _____________ _____________ _____________ Change in net position . . . . . . . . . . . . . 9,307,674 3,641,447 (4,123,773) Net position deficit—beginning . . . . . . (191,103,187) (194,744,634) (125,733,209) Restatement of beginning net deficit(a) . — — (64,887,652) _____________ _____________ _____________ Net position deficit—ending . . . . . . . . $(181,795,513) $(191,103,187) $(194,744,634) _____________ _____________ _____________ _____________ _____________ _____________
(a) The restatement of the beginning net deficit for Fiscal Year 2013 is the result of the City implementing GASB Statement No. 68 in Fiscal Year 2014.
Financial Analysis of the Government-Wide Financial Statements
10
11
Expenses — Governmental Activities for the Fiscal Years ended June 30, 2015 and 2014
(in billions)
Functions/Programs GG General government PS Public safety and judicial E Education (Primary and Secondary) CU City University SS Social services EP Environmental protection TS Transportation services PK Parks, recreation, and cultural activities HG Housing H Health, including payments to HHC L Libraries DSI Debt service interest
Functions/Programs
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
$22
$24
$26
DSILHHGPKTSEPSSCUEPSGG
Fiscal year 2015 Fiscal year 2014
In Fiscal Year 2015, the government-wide revenues increased from Fiscal Year 2014 by approximately $6.8 billion and government-wide expenses increased by approximately $1.1 billion.
The major components of the government-wide revenue increases were:
• Grants increased due to more reimbursements for costs associated with Superstorm Sandy which impacted New York City in October 2012.
• Tax revenues, net of refunds, increased overall, as a result of the following:
– The increase in real estate taxes results from growth in billable assessed value during the fiscal year.
– The overall increase in sales and use taxes is driven primarily by large growth in mortgage financing activity for the commercial real estate market and stable financial activity for the residential market. Additionally, there was an increase in the collection of general sales tax which demonstrates an increase in taxable consumption resulting from growth in wages and visitor spending.
– The increase in personal income taxes reflects the strong withholding growth and large gains in non-wage income.
– The increase in other income taxes (which includes general corporation, financial corporation, unincorporated business income, non-resident personal income taxes, and utility tax) is primarily attributable to an increase in financial corporation taxes which reflects increases in consumer and corporate lending, deposit taking, and reduced settlements related to mortgage securities and unfair banking practices. Additionally, growth in hedge fund asset management and employment, and growth in personal income payments from non-resident City employees increased unincorporated business income and personal income taxes, respectively.
– For all other taxes, the increase in taxes associated with the conveyance of real property reflects a continued recovery in the average sale price for both commercial and residential properties. Also increasing was payment in lieu of taxes ("PILOT"), which reflects higher payments for World Trade Center and Battery Park City Authority, offset by the forgiveness of New York City Housing Authority (NYCHA) payments. Additionally, hotel room occupancy taxes grew due to continued growth in the tourism sector.
– The decrease in penalties and interest on delinquent taxes is primarily attributable to a decrease in penalties and interest on real estate taxes, which reflects a smaller percentage of delinquent properties paying penalties and interest. Additionally, refunds increased as a result of overpayments by taxpayers.
• The major components of the changes in government-wide expenses were:
– General government expense increases are attributable to increases in CDBG-DR- funded work, collective bargaining increases, and various Mayoral initiatives.
– Education expenses increased due to the expansion of Universal Pre-Kindergarten and after-school programming, new investments in low-performing schools, growth in mandated costs for special education pupils, and collective bargaining increases.
– Expenses in housing increased due to greater spending on initiatives associated with Sandy housing recovery and resiliency efforts in Housing Preservation Development (HPD). Department of Buildings expenses increased due to collective bargaining settlements and technology upgrades to improve service delivery. Expenses related to NYCHA increased due to unit rehabilitations, extended hours at community centers, and collective bargaining increases.
– Parks, Recreation, Cultural Activities, and Health expenses decreased as a result of a reclassification of Capital work-in-progress that occurred during the fiscal year.
– Environmental protection expenses decreased primarily due to lower accruals for collective bargaining payments in Department of Environmental and Preservation in Fiscal Year 2015. Expenses in Sanitation increased due to landfill closure costs at Freshkills, start of operations at the North Shore Marine Transfer Station, and increase in collective bargaining expenses.
– Libraries expenses increased primarily due to budget increases to cover collective bargaining settlement payments made in Fiscal Year 2015.
12
In Fiscal Year 2014, the government-wide revenues increased from Fiscal Year 2013 by approximately $1.9 billion and government-wide expenses decreased by approximately $5.9 billion.
The major components of the government-wide revenue increases were:
• Grants decreased slightly due to fewer reimbursements for costs associated with Superstorm Sandy, which impacted New York City in October 2012.
• Tax revenues, net of refunds, increased overall as a result of the following:
– The increase in real estate taxes results from growth in billable assessed value during the fiscal year.
– The overall increase in sales and use taxes is driven primarily by large growth in mortgage financing activity for the local commercial real estate market and stable financial activity for the local residential market. Additionally, there was an increase in the collection of general sales tax, which demonstrates an increase in taxable consumption resulting from growth in wages and in tourist spending.
– The increase in personal income taxes reflects the growth in wage earnings.
– The decrease in other income taxes (which include general corporation, financial corporation, unincorporated business income, non-resident personal income taxes, and utility tax) is attributable to a decrease in financial corporation taxes, which reflects declines in national mortgage loan originations, refinancing activity, and settlements related to prior year mortgage securities and unfair banking practices.
– For all other taxes, the increase in taxes associated with the conveyance of real property reflects a continued recovery in both the volume and average sale price for commercial properties and an improvement in the average sale price for residential properties. Also increasing was commercial rent tax, which shows improvements in commercial office vacancy rates and asking rents in Manhattan. Additionally, hotel room occupancy taxes grew due to continued growth in the tourism sector.
• The major components of the changes in government-wide expenses were:
– Public Safety costs decreased as a result of a decrease in personal service costs from the prior year in the District Attorney of Manhattan due to additional grant funding received during that fiscal year. Additionally, costs in the Office of Emergency Management decreased from the prior fiscal year as a result of fewer emergency services necessary in Fiscal Year 2014 in response to Superstorm Sandy, which occurred in Fiscal Year 2013.
– Education expenses decreased resulting from a large write-off of prior year payables, which was partly offset by spending growth in special education, health, and collective bargaining expenses.
– Expenses in Housing increased due to greater spending on various initiatives associated with Superstorm Sandy housing recovery in HPD and additionally as a result of aid provided to NYCHA from the City to help mitigate the effects of the Federal sequestration that occurred in 2013.
– Health expenses declined in HHC due to receipt of reimbursements of Superstorm Sandy costs in the prior year that did not occur at the same level in the current year, in addition there was a large payment in Fiscal Year 2014 from the City to HHC for retroactive collective bargaining liabilities. In DOHMH, the decline in spending is related to the NYS Department of Health’s takeover of the responsibility for fiscal claims in the Early Intervention Program. As of April 2013, claims which are to be reimbursed by Medicaid or commercial insurance companies will be paid directly to the provider by the State, instead of coming through DOHMH’s budget.
– Parks, recreation and culturals increased as a result of budget restorations from the previous year. In addition, there was an increase in certain OTPS payments for Cultural Institutions in Fiscal Year 2014.
13
The following charts compare the amounts of expenses and program revenues for FiscalYears 2015 and 2014:
14
Expenses and Program Revenues — Governmental Activities for the Fiscal Year ended June 30, 2014
(in billions)
Expenses and Program Revenues — Governmental Activities for the Fiscal Year ended June 30, 2015
(in billions)
Functions/Programs GG General government PS Public safety and judicial E Education (Primary and Secondary) CU City University SS Social services EP Environmental protection TS Transportation services PK Parks, recreation, and cultural activities HG Housing H Health, including payments to HHC L Libraries DSI Debt service interest
Functions/Programs
$0
$5
$10
$15
$20
$25
DSILHHGPKTSEPSSCUEPSGG
Expenses Program Revenues
Functions/Programs
$0
$5
$10
$15
$20
$25
DSILHHGPKTSEPSSCUEPSGG
Expenses Program Revenues
The following charts compare the amounts of program and general revenues for FiscalYears 2015 and 2014:
15
Revenues by Source — Governmental Activities for the Fiscal Year ended June 30, 2014
Revenues by Source — Governmental Activities for the Fiscal Year ended June 30, 2015
Charges for services 8%
Operating grants and contributions
24%
Capital grants and contributions 1%
Real estate taxes 27%
Sales & use taxes 10%
Personal income tax 14%
Income taxes, other 10%
Other taxes 4%
Other Federal & State aid 0.3%
Other 1.7%
Charges for services 7%
Operating grants and contributions
25%
Capital grants and contributions 1%
Real estate taxes 27%
Sales & use taxes 10%
Personal income tax 14%
Income taxes, other 10%
Other taxes 4%
Other Federal & State aid 1%
Other 1%
As noted earlier, increases and decreases of net position may over time serve as a useful indicator of changes in a government’s financial position. In the case of the City, liabilities and deferred inflows of resources exceed assets and deferred outflows of resources by $181.8 billion at the close of the most recent fiscal year, a decrease in the excess of liabilities and deferred inflows of resources over assets and deferred outflows of resources of $9.3 billion from June 30, 2014, which in turn compares with the net position decrease of $3.6 billion over the prior FiscalYear 2013.
Governmental Activities ____________________________________________ 2015 2014 2013 (restated) ___________ ___________ ___________ (in thousands) Current and other assets . . . . . . . . . . . $ 40,367,330 $ 36,647,566 $ 35,504,503 Capital assets (net of depreciation) . . 53,122,237 51,662,105 50,510,064 _______________________ _______________________ _______________________ Total assets . . . . . . . . . . . . . . . . . 93,489,567 88,309,671 86,014,567 _______________________ _______________________ _______________________ Deferred outflows of resources . . . . . 5,498,864 544,247 635,161 _______________________ _______________________ _______________________ Long-term liabilities outstanding . . . . 239,663,638 235,859,487 249,392,410 Other liabilities . . . . . . . . . . . . . . . . . . 22,860,910 22,339,115 20,503,400 _______________________ _______________________ _______________________ Total liabilities . . . . . . . . . . . . . . 262,524,548 258,198,602 269,895,810 _______________________ _______________________ _______________________ Deferred inflows of resources . . . . . . 18,259,396 21,758,503 11,498,552 _______________________ _______________________ _______________________ Net position: Net investment in capital assets . . . . . (6,181,406) (7,495,896) (9,343,601) Restricted . . . . . . . . . . . . . . . . . . . . . . 5,277,387 4,420,127 7,265,917 Unrestricted (deficit) . . . . . . . . . . . . . (180,891,494) (188,027,418) (192,666,950) _______________________ _______________________ _______________________ Total net position (deficit) . . . . . $(181,795,513) $(191,103,187) $(194,744,634) _______________________ _______________________ _______________________ _______________________ _______________________ _______________________
As noted earlier, the adoption of Statement No. 68 for Fiscal Year 2013 resulted in the City’s reporting of net pension liabilities and deferred inflows of resources and deferred outflows of resources for each of its qualified pension plans and the recognition of pension expense in accordance with the provisions of the Statement. The increase in the City’s net pension liability (NPL) to $52.0 billion at June 30, 2015 from $46.6 billion at June 30, 2014 is due to lower than assumed return on pension funds.
16
The excess of liabilities over assets reported on the government-wide statement of net position (deficit) is a result of several factors. The largest components of the net position (deficit) are the result of the City having long-term debt with no corresponding capital assets and the City’s OPEB liability. The following summarizes the main components of the net deficit as of June 30, 2015 and 2014:
Components of Net Deficit _________________________________ 2015 2014 ________________ ________________ (in billions)
Net Position Invested in Capital Assets Some City-owned assets have a depreciable life used for financial reporting that is different from the period over which the related debt principal is being repaid. Schools and related education assets depreciate more quickly than their related debt is paid, and they comprise one of the largest components of this difference $ (6.2) $(7.5)
Net Position Restricted for: Debt Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.1 2.6 Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 1.8 ________ ________ Total restricted net position . . . . . . . . . . . . . . . . . . . . . . 5.3 4.4 ________ ________
Unrestricted Net Position TFA issued debt to finance costs related to the recovery from the September 11, 2001 World Trade Center disaster, which are operating expenses of the City . . . (1.0) (1.0)
STAR issued debt related to the defeasance of the MAC issued debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.0) (2.0)
The City has issued debt for the acquisition and construction of public purpose capital assets which are not reported as City-owned assets on the Statement of Net Position. This includes assets of the TA, the System, HHC, and certain public libraries and cultural institutions. This is the debt outstanding for non-City owned assets at year end. . . . (25.0) (24.0)
Certain long-term obligations do not require current funding: OPEB liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (85.5) (89.5) Judgments and claims . . . . . . . . . . . . . . . . . . . . . . . . . . (6.8) (6.9) Vacation and sick leave . . . . . . . . . . . . . . . . . . . . . . . . . (3.9) (3.9) Pension liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (52.0) (46.6) Landfill closure and postclosure costs . . . . . . . . . . . . . (1.5) (1.5) Other: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.2) (12.7) ________ ________ Total unrestricted net position . . . . . . . . . . . . . . . . . . . . (180.9) (188.0) ________ ________
Total net position (deficit) . . . . . . . . . . . . . . . . . . . . . . . . $(181.8) $(191.1) ________ ________ ________ ________
17
The following chart provides key pension statistics by pension system as of and for the Fiscal Year ended June 30, 2015:
Summary of City Pension Information Fiscal Year 2015 ________________________________________________________________________________________________________________________________________________________________________ NYCERS* TRS** BERS** POLICE* FIRE* Total __________________ __________________ __________________ __________________ __________________ __________________ City Membership (active, inactive and retired) as of 6/30/13 . . . . . . . . . . 187,527 201,761 45,592 83,727 27,039 545,646
(in billions, except %) Total Pension Liability (TPL) . . . . . . . . $ 41.8 $ 63.3 $ 4.5 $ 47.9 $18.6 $ 176.1 Less Plan Fiduciary Net Position (PFNP) 30.6 43.1 3.4 35.4 11.6 124.1 _____ _____ ____ _____ _____ ______ Net Pension Liability (NPL) . . . . . . . . . $ 11.2 $ 20.2 $ 1.1 $ 12.5 $ 7.0 $ 52.0 _____ _____ ____ _____ _____ ______ _____ _____ ____ _____ _____ ______ PFNP as a % of TPL*** . . . . . . . . . . . . 73.1% 68.0% 75.3% 73.9% 62.4% 70.5% Pension Expense . . . . . . . . . . . . . . . . . . $ 1.2 $ 2.1 $ 0.1 $ 1.2 $ 0.6 $ 5.2
* includes QPP and VSFs ** QPP only *** Calculated based on whole dollar unrounded amounts
The following chart provides key pension statistics by pension system as of and for the Fiscal Year ended June 30, 2014:
Summary of City Pension Information Fiscal Year 2014 ________________________________________________________________________________________________________________________________________________________________________ NYCERS* TRS** BERS** POLICE* FIRE* Total __________________ __________________ __________________ __________________ __________________ __________________ City Membership (active, inactive and retired) as of 6/30/12 . . . . . . . . . . 187,865 202,257 46,189 82,982 27,226 546,519 (in billions, except %) Total Pension Liability (TPL) . . . . . . . . $ 40.6 $ 60.6 $ 4.2 $ 46.3 $ 18.0 $ 169.7 Less Plan Fiduciary Net Position (PFNP) 30.6 43.3 3.3 34.5 11.5 123.1 _____ _____ ____ _____ _____ ______ Net Pension Liability (NPL) . . . . . . . . . $ 10.0 $ 17.3 $ 0.9 $ 11.8 $ 6.5 $ 46.6 _____ _____ ____ _____ _____ ______ _____ _____ ____ _____ _____ ______ PFNP as a % of TPL*** . . . . . . . . . . . . 75.4% 71.5% 78.1% 74.5% 63.9% 72.5% Pension Expense . . . . . . . . . . . . . . . . . . $ 0.9 $ 1.7 $ 0.3 $ 1.2 $ 0.5 $ 4.6
* includes QPP and VSFs ** QPP only *** Calculated based on whole dollar unrounded amounts.
More information about pensions is available in Note E.5.
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The table below summarizes the changes in the fund balances of the City’s governmental funds.
Governmental Funds Nonmajor Capital General Debt Governmental Adjustments/ General Fund Projects Fund Service Fund Funds Eliminations Total ______________ ______________ ______________ ______________ ______________ ______________ (in thousands)
Fund Balances (deficit), June 30, 2013 . . . . . $ 457,467 $(3,035,756) $ 2,766,707 $ 4,259,246 $ — $ 4,447,664 Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,259,770 2,240,805 127,522 4,674,329 (3,831,660) 75,470,766 Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . (67,705,878) (7,902,711) (3,742,518) (5,565,135) 2,190,349 (82,725,893) Other financing sources (uses) . . . . . . . . . . . (4,548,840) 5,661,781 1,487,141 1,497,562 1,641,311 5,738,955 ____________________ __________________ __________________ __________________ __________________ ____________________ Fund Balances (deficit), June 30, 2014 . . . . . 462,519 (3,035,881) 638,852 4,866,002 — 2,931,492 Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77,482,450 2,359,933 126,223 4,907,069 (3,230,345) 81,645,330 Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . (70,196,875) (7,836,311) (3,781,824) (8,965,577) 2,674,141 (88,106,446) Other financing sources (uses) . . . . . . . . . . . (7,280,473) 6,732,668 4,986,969 3,570,692 556,204 8,566,060 ____________________ __________________ __________________ __________________ __________________ ____________________ Fund Balances (deficit), June 30, 2015 . . . . . $ 467,621 $(1,779,591) $ 1,970,220 $ 4,378,186 $ — $ 5,036,436 ____________________ __________________ __________________ __________________ __________________ ____________________ ____________________ __________________ __________________ __________________ __________________ ____________________
The City’s General Fund is required to adopt an annual budget prepared on a basis generally consistent with Generally Accepted Accounting Principles (GAAP). Surpluses from any fiscal year cannot be appropriated in future fiscal years.
Financial Analysis of the Governmental Funds
18
If the City anticipates that the General Fund will have an operating surplus, the City will make discretionary transfers to the General Debt Service Fund and other payments that reduce the amount of the General Fund surplus for financial reporting purposes and reduce the need for expenditures in the succeeding fiscal year or years. As detailed later, the General Fund had an operating surplus of $3.70 billion and $2.01 billion before these expenditures and transfers (discretionary and other) for Fiscal Years 2015 and 2014, respectively. After these certain expenditures and transfers, the General Fund reported an operating surplus of $5 million in both FiscalYears 2015 and 2014, which resulted in an increase in fund balance by this amount.
The General Debt Service Fund receives transfers (discretionary and other) from the General Fund from which it pays the City’s debt service requirements. Its fund balance at June 30, 2015, can be attributed principally to transfers (discretionary transfer and other) from the General Fund totaling $2.02 billion in Fiscal Year 2015 for Fiscal Year 2016 debt service. Similar transfers in Fiscal Year 2014 of $644 million for Fiscal Year 2015 debt service also primarily account for the General Debt Service Fund balance at June 30, 2014.
The Capital Projects Fund accounts for the financing of the City’s capital program. The primary source of funding is the issuance of City and TFA debt. Capital-related expenditures are first paid from the General Fund, which is reimbursed for these expenditures by the Capital Projects Fund. To the extent that capital expenditures exceed proceeds from bond issuances, and other revenues and financing sources, the Capital Projects Fund will have a deficit. The deficit fund balances at June 30, 2015 and 2014 represent the amounts expected to be financed from future bond issues or intergovernmental reimbursements. To the extent the deficits will not be financed or reimbursed, transfers from the General Fund will be required.
GAAP requires recognition of pollution remediation obligations, and generally preclude costs incurred for pollution remediation from being reported as capital expenditures. Thus, the City’s Fiscal Year 2015 General Fund expenditures include approximately $254.6 million of pollution remediation expenditures associated with projects which were originally included in the City’s capital program. The City also reported $241.1 million of City bond proceeds and $13.5 million of other revenues (New York City Municipal Water Finance Authority bond proceeds transferred to the City) supporting the $254.6 million of pollution remediation expenditures in the General Fund for Fiscal Year 2015. In Fiscal Year 2014, $293.6 million of City bond proceeds and $20.1 million of other revenues supported the $313.7 million of pollution remediation expenditures reported in the General Fund. Although amounts were not established in the Adopted Budget, a modification to the budget was made to accommodate the amount of pollution remediation expenditure charge in the General Fund. These pollution remediation expenditures were incurred by various agencies, as follows:
General Fund Pollution Remediation Expenditures _________________________________ 2015 2014 ________________ ________________ (in thousands)
General government. . . . . . . . . . . . . . . . . . . . . . . $ 42,730 $ 31,207 Public safety and judicial . . . . . . . . . . . . . . . . . . 3,491 3,654 Education. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130,514 147,494 Social services . . . . . . . . . . . . . . . . . . . . . . . . . . . 301 230 Environmental protection. . . . . . . . . . . . . . . . . . . 15,476 24,345 Transportation services . . . . . . . . . . . . . . . . . . . . 7,844 26,234 Parks, recreation, and cultural activities . . . . . . . 47,941 1,954 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,726 1,625 Health, including HHC . . . . . . . . . . . . . . . . . . . . 4,346 76,619 Libraries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251 365 _____________ _____________ Total expenditures . . . . . . . . . . . . . . . . . . . . . . $ 254,620 $ 313,727 _____________ _____________ _____________ _____________
General Fund Budgetary Highlights
19
The following charts and tables summarize actual revenues by category for Fiscal Years 2015 and 2014 and compare revenues with each fiscal year’s Adopted Budget and Modified Budget.
General Fund Revenues Fiscal Year 2015 (in billions)
General Fund Revenues Fiscal Year 2015
Adopted Modified Budget Budget Actual _______ _______ _______ (in millions)
Taxes (net of refunds): Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . $20,981 $21,471 $21,518 Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . . . 7,672 8,054 8,051 Personal income tax . . . . . . . . . . . . . . . . . . . . . . . 9,851 11,186 11,295 Income taxes, other . . . . . . . . . . . . . . . . . . . . . . . . 6,495 7,570 7,602 Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,618 3,466 3,475 ________ ________ ________ Taxes (net of refunds) . . . . . . . . . . . . . . . . . . . . . . 48,617 51,747 51,941 ________ ________ ________
Federal, State and other aid: Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,455 20,784 19,438 ________ ________ ________ Federal, State and other aid . . . . . . . . . . . . . . . . . . 19,455 20,784 19,438 ________ ________ ________
Other than taxes and aid: Charges for services . . . . . . . . . . . . . . . . . . . . . . . 2,752 2,778 2,745 Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,348 3,657 3,358 Bond proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 315 241 Transfers from Nonmajor Debt Service Fund . . . . 240 230 230 Transfers from General Debt Service Fund . . . . . . 82 82 82 ________ ________ ________ Other than taxes and aid . . . . . . . . . . . . . . . . . . . . 6,422 7,062 6,656 ________ ________ ________ Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . $74,494 $79,593 $78,035 ________ ________ ________ ________ ________ ________
General Fund Revenues
20
Adopted Budget Modified Budget Actual
Other than taxes and aid
Federal, State and other aid
Income taxes, other and other taxes
Personal income taxSales and use taxesReal estate taxes
Revenue Category
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
$22
General Fund Revenues Fiscal Year 2014 (in billions)
General Fund Revenues Fiscal Year 2014
Adopted Modified Budget Budget Actual _______ _______ _______ (in millions)
Taxes (net of refunds): Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . $19,793 $20,224 $20,202 Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . . . 7,188 7,580 7,604 Personal income tax . . . . . . . . . . . . . . . . . . . . . . . 8,782 10,125 10,173 Income taxes, other . . . . . . . . . . . . . . . . . . . . . . . . 6,241 7,226 7,215 Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,310 3,138 3,181 ________ ________ ________ Taxes (net of refunds) . . . . . . . . . . . . . . . . . . . . . . 45,314 48,293 48,375 ________ ________ ________
Federal, State and other aid: Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,892 19,693 18,395 ________ ________ ________ Federal, State and other aid . . . . . . . . . . . . . . . . . . 18,892 19,693 18,395 ________ ________ ________
Other than taxes and aid: Charges for services . . . . . . . . . . . . . . . . . . . . . . . 2,715 2,733 2,786 Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,151 3,832 2,703 Bond proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 294 294 Transfers from Nonmajor Debt Service Fund . . . . 228 238 246 Transfers from General Debt Service Fund . . . . . . 81 81 81 ________ ________ ________ Other than taxes and aid . . . . . . . . . . . . . . . . . . . . 5,175 7,178 6,110 ________ ________ ________ Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . $69,381 $75,164 $72,880 ________ ________ ________ ________ ________ ________
21
Adopted Budget Modified Budget Actual
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
$22
Other than taxes and aid
Federal, State and other aid
Income taxes, other and other taxes
Personal income taxSales and use taxesReal estate taxes
Revenue Category
The following charts and tables summarize actual expenditures by function/program for Fiscal Years 2015 and 2014 and compare expenditures with each fiscal year’s Adopted Budget and Modified Budget.
General Fund Expenditures Fiscal Year 2015 (in billions)
Functions/Programs
General Fund Expenditures
Fiscal Year 2015
Adopted Modified Budget Budget Actual _______ _______ _______ (in millions)
General government (GG) . . . . . . . . . . . . . . . . . . . . $ 2,412 $ 2,758 $ 2,469 Public safety and judicial (PS). . . . . . . . . . . . . . . . . . 8,311 8,896 8,827 Education (E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,740 20,957 20,458 City university (CU) . . . . . . . . . . . . . . . . . . . . . . . . . 929 946 904 Social services (SS) . . . . . . . . . . . . . . . . . . . . . . . . . . 13,788 14,011 13,843 Environmental protection (EP) . . . . . . . . . . . . . . . . . 2,585 2,764 2,540 Transportation services (TS) . . . . . . . . . . . . . . . . . . . 1,575 1,717 1,655 Parks, recreation and cultural activities (PK) . . . . . . 486 577 555 Housing (HG) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 664 934 886 Health, including HHC (H) . . . . . . . . . . . . . . . . . . . . 1,479 1,724 1,708 Libraries (L) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 311 323 322 Pensions (P) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,469 8,495 8,490 Judgments and claims (JC) . . . . . . . . . . . . . . . . . . . . 674 680 680 Fringe benefits and other benefit payments (FB) . . . 4,968 5,857 5,863 Other (O) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,985 973 848 Transfers and other payments for debt service (T) . . 5,118 7,981 7,982 ________ ________ ________ Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . $74,494 $79,593 $78,030 ________ ________ ________ ________ ________ ________
General Fund Expenditures
22
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
$22
TOFBJCPLHHGPKTSEPSSCUEPSGG
Adopted Budget Modified Budget Actual
General Fund Expenditures Fiscal Year 2014 (in billions)
Functions/Programs
General Fund Expenditures
Fiscal Year 2014
Adopted Modified Budget Budget Actual _______ _______ _______ (in millions)
General government (GG) . . . . . . . . . . . . . . . . . . . $ 2,277 $ 2,512 $ 2,334 Public safety and judicial (PS) . . . . . . . . . . . . . . . 8,194 8,526 8,472 Education (E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,854 20,049 18,672 City university (CU) . . . . . . . . . . . . . . . . . . . . . . . 874 877 853 Social services (SS) . . . . . . . . . . . . . . . . . . . . . . . . 13,393 13,667 13,473 Environmental protection (EP) . . . . . . . . . . . . . . . 2,479 2,580 2,522 Transportation services (TS) . . . . . . . . . . . . . . . . . 1,381 1,598 1,550 Parks, recreation and cultural activities (PK) . . . . 457 486 479 Housing (HG) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 726 857 829 Health, including HHC (H) . . . . . . . . . . . . . . . . . . 1,445 1,659 1,622 Libraries (L) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 237 239 239 Pensions (P) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,192 8,184 8,141 Judgments and claims (JC) . . . . . . . . . . . . . . . . . . 718 734 732 Fringe benefits and other benefit payments (FB) . 4,085 5,873 5,842 Other (O) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 930 1,973 1,793 Transfers and other payments for debt service (T) 4,139 5,350 5,322 ________ ________ ________ Total expenditures . . . . . . . . . . . . . . . . . . . . . . . $69,381 $75,164 $72,875 ________ ________ ________ ________ ________ ________
23
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
$22
TOFBJCPLHHGPKTSEPSSCUEPSGG
Adopted Budget Modified Budget Actual
The City had General Fund surpluses of $3.70 billion, $2.01 billion and $2.81 billion before certain expenditures and transfers (discretionary and other) for Fiscal Years 2015, 2014 and 2013, respectively. For the Fiscal Years 2015, 2014 and 2013, the General Fund surplus was $5 million after expenditures and transfers (discretionary and other).
The expenditures and transfers (discretionary and other) made by the City after the adoption of its Fiscal Years 2015, 2014 and 2013 budgets follow:
Governmental Activities _______________________________________ 2015 2014 2013 ______ ______ ______ (in millions) Transfer, as required by law, to the General Debt
Service Fund of real estate taxes collected in excess of the amount needed to finance debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 428 $ 481 $ 587
Discretionary transfers to the General Debt Service Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,548 140 2,140
Net equity contribution in bond refunding that accrued to future years debt service savings . . . . . 47 23 16
Grant to TFA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,578 1,362 — Advance cash subsidies to the Public Library system . . — — 64 ______ ______ ______
Total expenditures and transfers (discretionary and other) . . . . . . . . . . . . . . . . 3,601 2,006 2,807
Reported surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5 5 ______ ______ ______ Total surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,606 $2,011 $2,812 ______ ______ ______ ______ ______ ______
General Fund Surplus
24
Final results for any given fiscal year may differ greatly from that year’s Adopted Budget. The following table shows the variance between actuals and amounts for the Fiscal Year ended 2015 Adopted Budget:
2015 _______ Additional Resources: (in millions) Greater than expected personal income tax collections . . . . . . . . . . . . . . . . . . . $1,423 Reallocation of the general reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750 Lower than expected debt service costs for amounts due in current fiscal year . . . 622 Greater than expected real estate tax collections . . . . . . . . . . . . . . . . . . . . . . . . 537 Higher than expected Federal categorical aid . . . . . . . . . . . . . . . . . . . . . . . . . . 525 Greater than expected real property transfer tax collections . . . . . . . . . . . . . . . 414 Lower than expected all other personal services spending . . . . . . . . . . . . . . . . 375 Higher than expected banking corporation tax collections . . . . . . . . . . . . . . . . 358 Higher than expected mortgage tax collections . . . . . . . . . . . . . . . . . . . . . . . . . 281 Greater than expected pollution remediation bond proceeds . . . . . . . . . . . . . . . 241 Lower than expected current health insurance costs . . . . . . . . . . . . . . . . . . . . . 201 Greater than expected proceeds from asset sales . . . . . . . . . . . . . . . . . . . . . . . . 183 Greater than expected revenues from fines and forfeitures . . . . . . . . . . . . . . . . 170 Lower than expected all other administrative OTPS costs . . . . . . . . . . . . . . . . 136 Higher than expected revenues from licenses, permits & privileges . . . . . . . . . 120 Lower than expected fuel and energy costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112 Higher than expected all other charges for services . . . . . . . . . . . . . . . . . . . . . 102 Lower than expected Medicaid spending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Higher than expected general corporation tax collections . . . . . . . . . . . . . . . . . 82 Greater than expected sales tax collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 Lower than expected supplies and materials costs . . . . . . . . . . . . . . . . . . . . . . 66 Greater than expected unincorporated business tax collections . . . . . . . . . . . . 63 Higher than expected commercial rent tax collections . . . . . . . . . . . . . . . . . . . 52 Greater than expected all other tax collections . . . . . . . . . . . . . . . . . . . . . . . . . 48 Higher than expected contractual services spending . . . . . . . . . . . . . . . . . . . . . 31 Lower than expected all other social services spending (excluding Medicaid and public assistance) . . . . . . . . . . . . . . . . . . . . . . . . . 13 Greater than expected rental revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 All other net underspending or revenues above budget . . . . . . . . . . . . . . . . . . . 19 ______ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,099 ______
Enabled the City to provide for: Additional prepayments for certain debt service costs due in Fiscal Year 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,554 Higher than expected contribution to trust funding future retirees’ health insurance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 955 Lower than expected proceeds from sale of taxi medallions . . . . . . . . . . . . . . . 532 Greater than expected uniformed overtime costs . . . . . . . . . . . . . . . . . . . . . . . . 352 Lower than expected State categorical aid (including prior year adjustments) . 305 Higher than expected all other fixed and miscellaneous charges . . . . . . . . . . . 297 Pollution remediation costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 255 Greater than expected all other overtime costs . . . . . . . . . . . . . . . . . . . . . . . . . 187 Greater than expected payments to the Health and Hospitals Corporation . . . . 152 Lower than expected reimbursement and payment from the water and sewer system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 Greater than expected property and equipment costs . . . . . . . . . . . . . . . . . . . . 114 Greater than expected provisions for disallowance reserve . . . . . . . . . . . . . . . . 95 Higher than expected public assistance spending . . . . . . . . . . . . . . . . . . . . . . . 68 Lower than expected non-governmental grants . . . . . . . . . . . . . . . . . . . . . . . . . 62 Higher than expected pension costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Lower than expected all other miscellaneous revenues . . . . . . . . . . . . . . . . . . . 12 Lower than expected tobacco settlement proceeds . . . . . . . . . . . . . . . . . . . . . . 10 Greater than expected judgments & claims costs . . . . . . . . . . . . . . . . . . . . . . . 3 ______ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,094 ______
Reported Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5 ______ ______
Fiscal Year 2015
25
As noted previously, final results for any given fiscal year may differ greatly from that year’s Adopted Budget. The following table shows the variance between actuals and amounts for the Fiscal Year ended 2014 Adopted Budget:
2014 _______ Additional Resources: (in millions) Greater than expected personal income tax collections . . . . . . . . . . . . . . . . . $1,357 Lower than expected contractual services spending (including prior year adjustments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 954 Lower than expected debt service costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 611 Lower than expected all other personal services spending . . . . . . . . . . . . . . . . 554 Federal categorical aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 466 General reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450 Greater than expected real property transfer tax collections . . . . . . . . . . . . . . . 414 Greater than expected real estate tax collections . . . . . . . . . . . . . . . . . . . . . . . . 408 Higher than expected general corporation tax collections . . . . . . . . . . . . . . . . . 386 Higher than expected pollution remediation bond proceeds . . . . . . . . . . . . . . . 294 Higher than expected all other miscellaneous revenues . . . . . . . . . . . . . . . . . . 281 Higher than expected mortgage tax collections . . . . . . . . . . . . . . . . . . . . . . . . . 238 Lower than expected all other administrative costs . . . . . . . . . . . . . . . . . . . . . . 212 Greater than expected sales tax collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162 Lower than expected supplies and materials costs . . . . . . . . . . . . . . . . . . . . . . 137 Lower than expected current health insurance costs . . . . . . . . . . . . . . . . . . . . . 95 Greater than expected proceeds from asset sales . . . . . . . . . . . . . . . . . . . . . . . . 92 Greater than expected revenues from fines and forfeitures . . . . . . . . . . . . . . . . 77 Greater than expected all other charges for services . . . . . . . . . . . . . . . . . . . . . 75 Greater than expected all other tax collections . . . . . . . . . . . . . . . . . . . . . . . . . 66 Higher than expected commercial rent tax collections . . . . . . . . . . . . . . . . . . . 65 Higher than expected revenues from licenses, permits and privileges . . . . . . . . 64 Lower than expected pension costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 Lower than expected public assistance spending . . . . . . . . . . . . . . . . . . . . . . . . 50 Greater than expected unincorporated business tax collections . . . . . . . . . . . . . 42 Greater than expected proceeds from sale of taxi medallions . . . . . . . . . . . . . . 38 Greater than expected rental revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Greater than expected tobacco settlement proceeds . . . . . . . . . . . . . . . . . . . . . 8 Lower than expected energy costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ______ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,710 ______
Enabled the City to provide for: Additional prepayments for certain debt service costs due in Fiscal Year 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,841 Additional expenditures associated with labor settlement (including HHC) . . . 1,896 Higher than expected reserve for future retirees’ health insurance costs . . . . . 1,864 Lower than expected State categorical aid (including prior year adjustments) . . 840 Greater than expected overtime costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 355 Pollution remediation costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314 Greater than expected property and equipment costs . . . . . . . . . . . . . . . . . . . . 156 Lower than expected non-governmental grants . . . . . . . . . . . . . . . . . . . . . . . . . 110 Greater than expected Medicaid spending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 Higher than expected all other fixed and miscellaneous charges . . . . . . . . . . . 81 Lower than expected banking corporation tax collections . . . . . . . . . . . . . . . . 77 Lower than expected revenues from water and sewer charges . . . . . . . . . . . . . 23 Greater than expected all other payments to the Health and Hospitals Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Lower than expected all other social services spending (excluding Medicaid and public assistance) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Higher than expected judgments & claims costs . . . . . . . . . . . . . . . . . . . . . . . . 11 All other net overspending or revenues below budget . . . . . . . . . . . . . . . . . . . . 3 ______ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,705 ______
Reported Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5 ______ ______
Fiscal Year 2014
26
The City’s investment in capital assets (net of accumulated depreciation/amortization), is detailed as follows:
Governmental Activities ____________________________________________________________ 2015 2014 2013 ____________ ____________ ____________ (in millions)
Land* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,907 $ 1,771 $ 1,700 Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,081 30,785 29,381 Equipment (including software) . . . . . . . . . . 2,602 2,571 2,505 Infrastructure** . . . . . . . . . . . . . . . . . . . . . . . 12,552 12,275 12,219 Construction work-in-progress . . . . . . . . . . . 2,980 4,260 4,705 ____________ ____________ ____________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $53,122 $51,662 $50,510 ____________ ____________ ____________ ____________ ____________ ____________
* Not depreciable/amortizable ** Infrastructure elements include the roads, bridges, curbs and gutters, streets and
sidewalks, park land and improvements, piers, bulkheads and tunnels.
The net increase in the City’s capital assets during FiscalYear 2015 was $1.46 billion, a 3% increase. Capital assets additions in FiscalYear 2015 were $9.90 billion, an increase of $1.38 billion from FiscalYear 2014.
In 2015 construction work-in-progress was $2.98 billion, representing a 30% net decrease. The decrease was the result of $4.37 billion in building additions and the reclassification of $485 million of construction costs as being for non-city-owned assets and other accounting adjustments. The total reclassification write down accounted for 11% of the 2015 construction work-in-progress opening balance.
The net increase in the City’s capital assets during Fiscal Year 2014 was $1.15 billion, a 2% increase. Capital assets additions in Fiscal Year 2014 were $8.52 billion, an increase of $136 million from Fiscal Year 2013.
Additional information on the City’s capital assets can be found in Note D.2 of the Basic Financial Statements and in schedule CA1 thru CA3 of other supplementary information.
The City, through the Comptroller’s Office of Public Finance, in conjunction with the Mayor’s Office of Management and Budget, is charged with issuing debt to finance the City’s capital program. The following table summarizes the debt outstanding for the City and certain City-related issuing entities at the end of FiscalYears 2015, 2014 and 2013.
New York City and City-Related Debt _______________________________________ 2015 2014 2013 _______ _______ _______ (in millions)
General Obligation Bonds(a) . . . . . . . . . . . . . . . . . $40,460 $41,665 $41,592 TFA Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,488 24,013 21,816 TFA Recovery Bonds . . . . . . . . . . . . . . . . . . . . . . 936 974 1,233 TFA BARBS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,426 6,051 6,154 TSASC Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,222 1,228 1,245 IDA Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 90 93 STAR Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,035 1,975 1,985 FSC Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198 231 260 HYIC Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000 3,000 3,000 ECF Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 264 266 268 Tax Lien Collateralized Bonds . . . . . . . . . . . . . . . 34 46 34 ________ ________ ________ Total bonds and notes outstanding . . . . . . . . . . . . 81,150 79,539 77,680 Plus premiums / less discounts (net) . . . . . . . . . . . 3,825 3,162 2,956 ________ ________ ________ Total bonds and notes payable . . . . . . . . . . . . . . $84,975 $82,701 $80,636 ________ ________ ________ ________ ________ ________
(a) Does not include capital contract liabilities.
Capital Assets
Debt Administration
27
On July 1, 2015, the City’s outstanding General Obligation (GO) debt, including capital contract liabilities, totaled $57.43 billion (compared with $55.91 and 54.3 billion as of July 1, 2014 and 2013, respectively). The State Constitution provides that, with certain exceptions, the City may not contract indebtedness in an amount greater than 10% of the average full value of taxable real estate in the City for the most recent five years (Debt Limit). As of July 1, 2015, the City’s 10% Debt Limit was $85.18 billion (compared with $81.35 and $79.10 billion as of July 1, 2014 and 2013 respectively). The City and TFA’s combined debt incurring power as of July 1, 2015, after providing for capital contract liabilities, totaled $27.76 billion.
As of June 30, 2015, the City’s outstanding GO debt is $40.46 billion; consisting of $6.97 billion of variable rate bonds and $33.49 billion of fixed rate bonds. Of the $2.83 billion in GO bonds issued by the City in Fiscal Year 2015, a total of $1.78 billion was issued to refund certain outstanding bonds at lower interest rates and a total of $1.05 billion was issued for new money capital purposes. The proceeds of the refunding issues were placed in irrevocable escrow accounts in amounts sufficient to pay, when due, all principal, interest, and applicable redemption premium, if any, on the refunded bonds. These refundings produce a budgetary saving of $35.29 million in Fiscal Year 2015 and budgetary savings of $134.66 million and $29.17 million in Fiscal Years 2016 and 2017, respectively. The refundings will generate $278.36 million in budgetary savings over the life of the bonds and approximately $241.97 million on a net present value basis.
In Fiscal Year 2015, the City issued $400 million of traditional taxable fixed rate bonds. The traditional taxable bonds were sold on a competitive basis.
In addition, the City converted $719.85 million of bonds between different interest rate modes.
During Fiscal Year 2015, GO variable rate debt traded at the following average interest rates:
Tax-Exempt Taxable __________ _______
Dailies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05% — 2-Day Mode . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05% — Weeklies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05% 0.38% Auction Rate Securities—7 Day . . . . . . . . . . . . . . . . . . . . . . . . . . 0.68% — Index Floaters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.71% 0.95%
During Fiscal Year 2015, Standard & Poor’s Ratings Services (S&P) and Fitch Ratings (Fitch) maintained the GO rating at AA. Moody’s Investors Service (Moody’s) continued to rate GO bonds at Aa2.
In FiscalYear 2015, the City had no short-term borrowings.
The New York State Legislature created the New York City Transitional Finance Authority (TFA or the Authority), a bankruptcy-remote separate legal entity, and, through various state legislative measures, authorized the Authority to issue debt to fund a portion of the capital program of the City.
TFA Future Tax Secured Bonds (FTSBs) are secured by the City’s collections of personal income tax and, if necessary, sales tax. FTSBs outstanding over a $13.5 billion limit, together with the amount of indebtedness contracted by the City, cannot exceed the City’s Debt Limit.
TFA Recovery Bonds have been issued to fund capital and operating costs related to, or arising from, the events of September 11, 2001. TFA is authorized to have outstanding up to $2.5 billion of Recovery Bonds secured by personal income tax, as well as debt without limit as to principal amount, secured solely by state or federal aid received as a result of the events of September 11, 2001. Recovery Bonds are not subject to the City’s Debt Limit.
During Fiscal Year 2015, TFA issued $3.68 billion TFA FTSB debt. This total included $2.89 billion issued for new money capital purposes and $786 million issued to refund certain
General Obligation
Short-Term Financing
Transitional Finance Authority
28
outstanding bonds at lower interest rates. The refundings will generate $103 million in budgetary savings over the life of the bonds and approximately $96 million on a net present value basis. In Fiscal Year 2015, the TFA also converted $68.9 million outstanding bonds between interest rate modes.
As of June 30, 2015, the total outstanding FTSB and Recovery Bond debt was approximately $26.42 billion. Of the amount outstanding, variable rate debt totaled $3.95 billion, including $732.8 million of variable rate Recovery Bonds. During Fiscal Year 2015, TFA’s variable rate debt traded at the following average interest rates:
Tax-Exempt __________
Dailies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.07% Weeklies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.08% Auction Rate Securities — 7 Day . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.43% Index Floaters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.79% 2-Day Mode . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05%
In Fiscal Year 2015, Standard & Poor’s and Fitch Ratings maintained AAA ratings on both Senior Lien and Subordinate Lien TFA Bonds. Moody’s Investors Service maintained its rating of Aaa on Senior Lien and Aa1 on Subordinate Lien Bonds.
The Authority is authorized to issue bonds and notes or other obligations in an amount outstanding of up to $9.4 billion to finance a portion of the City’s educational facilities capital plan. TFA is authorized to use all or any portion of the state aid payable to the City or its school district pursuant to Section 3602.6 of the New York State Education Law (State Building Aid) as security for these Building Aid Revenue Bonds (BARBs). BARBs do not count against the FTSB Debt Limit. As of June 30, 2015, the TFA BARBs outstanding totaled $7.43 billion. The Authority issued $1.5 billion of TFA BARB Bonds in Fiscal Year 2015.
During Fiscal Year 2015, Standard & Poor’s maintained the TFA BARBs rating at AA-. On June 16, 2015 Moody’s raised its TFA BARB rating to Aa2 from the prior rating of Aa3. On June 20, 2015 Fitch Ratings raised its TFA BARB rating to AA from the prior rating of AA-.
TSASC, Inc. (TSASC) is a special purpose, bankruptcy-remote, local development corporation created pursuant to the Not-for-Profit Corporation Law of the State of New York. TSASC is authorized to issue bonds to purchase from the City its future right, title and interest under a Master Settlement Agreement (the MSA) between participating cigarette manufacturers and 46 states, including the State of New York.
TSASC had no financing activity in Fiscal Year 2015. As of June 30, 2015, TSASC had approximately $1.22 billion of bonds outstanding.
TSASC bond ratings vary by maturity. As of June 30, 2015, Standard and Poor’s rated TSASC bonds maturing June 1, 2022 at BBB-; June 1, 2026 at BB-; June 1, 2034 at B and June 1, 2042 at B-. Fitch rated TSASC bonds maturing on June 1, 2022 at BBB-; June 1, 2026 at BB-. Fitch rated bonds maturing on June 1, 2034 and 2042 at B.
In May 2003, New York State statutorily committed $170 million of New York State Sales Tax receipts to the City in each fiscal year from 2004 through 2034. The Sales Tax Asset Receivable Corporation (STAR) was formed to securitize these payments and to use the proceeds to retire existing debt of the Municipal Assistance Corporation for The City of New York (MAC) debt, thereby saved the City approximately $500 million per year for FiscalYears 2004 through 2008.
As of June 30, 2015, STAR had $2.04 billion of bonds outstanding. In Fiscal Year 2015, STAR issued $2.04 billion of bonds to refund all previous outstanding bonds.
After being upgraded in Fiscal Year 2014, STAR maintained its Aa1 rating from Moody’s Investor Services and AA+ from Fitch Ratings throughout Fiscal 2015. Standard & Poor’s also maintained its longstanding AAA rating.
TSASC, Inc.
Sales Tax Asset Receivable Corporation
29
In FiscalYear 2005, $498.85 million of taxable bonds were issued by the Fiscal Year 2005 Securitization Corporation (FSC), a bankruptcy-remote local development corporation, established to restructure an escrow fund that was previously funded with GO bonds proceeds.
As of June 30, 2015, FSC had $197.38 million bonds outstanding. It had no financing activity in FiscalYear 2015.
As of June 30, 2015, the bonds were rated AA+ by S&P, Aaa by Moody’s and AAA by Fitch.
The Hudson Yards Infrastructure Corporation (HYIC), is a local development corporation established to provide financing for infrastructure improvements to facilitate economic development on Manhattan’s far west side. Principal on the bonds is payable from revenues generated by the new development in the Hudson Yards District. To the extent that such revenues are not sufficient to cover interest payments, the City, subject to appropriation, has agreed to make interest support payments to HYIC. The interest support payments do not cover principal repayment of the bonds.
As of June 30, 2015, HYIC had $3 billion bonds outstanding. HYIC had no financing activity in FiscalYear 2015.
The bonds are rated A by S&P, A2 by Moody’s, and A by Fitch.
The New York City Educational Construction Fund (ECF), a public benefit corporation, was established to facilitate the construction and improvement of City elementary and secondary school buildings in combination with other compatible lawful uses, such as housing, office or other commercial buildings. The City is required to make rental payments on the school portions of the ECF projects sufficient to make debt service payments as they come due on ECF Bonds, less the revenue received by the ECF from the non-school portions of the ECF projects.
The ECF had no financing activity in FiscalYear 2015.
As of June 30, 2015, ECF had $264.19 million bonds outstanding.
The bonds are rated AA- by S&P and Aa3 by Moody’s.
The New York City Tax Lien Trusts (NYCTLTs) are Delaware statutory trusts which are created to acquire certain liens securing unpaid real estate taxes, water rents, sewer surcharges, and other payables to the City and the New York City Water Board in exchange for the proceeds from bonds issued by the NYCTLTs, net of reserves funded by the bond proceeds and bond issued cost. The City is the sole beneficiary to the NYCTLTs and is entitled to receive distributions from the NYCTLTs after payments to the bondholders and certain reserve requirements have been satisfied.
As of June 30, 2015, the NYCTLTs had $34.23 million in bonds outstanding. In Fiscal Year 2015, the NYCTLTs issued $95.48 million bonds. The bonds are rated AAA by Standard & Poor’s and Aaa by Moody’s Investors Service.
To lower borrowing costs over the life of its bonds and to diversify its existing portfolio, the City has from time to time entered into interest rate exchange agreements (swaps) and sold options to enter into swaps at future dates. The City received specific authorization to enter into such agreements under Section 54.90 of the New York State Local Finance Law. No swaps were entered into or terminated in Fiscal Year 2015. As of June 30, 2015, the outstanding notional amount of the City’s various swap agreements was $1.76 billion.
The Water Authority has also entered into interest rate exchange agreements from time to time in order to lower its borrowing costs over the life of its bonds and to diversify its existing portfolio. In Fiscal Year 2015, the Authority did not initiate or terminate any swaps. As of June 30, 2015, the outstanding notional amount on the Water Authority’s various swap agreements was $401 million.
Fiscal Year 2005 Securitization Corporation
Hudson Yards Infrastructure Corporation
New York City Educational Construction Fund
New York City Tax Lien Trusts
Interest Rate Exchange Agreements
30
Additional information on the City’s long-term liabilities can be found in Note D.5 of the Basic Financial Statements.
Subsequent to June 30, 2015, the City, TFA and NYCTLT completed the following long- term financings (listed in chronological order):
City Swap Portfolio: On August 4, 2015, the City terminated a swap with Bank of New York Mellon. The total notional amount terminated was $364,100,000 and the City received a payment of $2,410,000 from the Bank of New York Mellon as a result of the termination.
NYCTLT 2015-A: On August 5, 2015, NYCTLT 2015-A issued Tax Lien Collateralized Bonds, Series 2015-A of $71,790,000 to fund the purchase of certain liens from the City.
City Debt: On August 13, 2015, The City of New York issued $750,475,000 of Fiscal 2016 Series AB General Obligation bonds for refunding purposes.
TFA Debt: On September 29, 2015, the New York City Transitional Finance Authority issued $1,150,000,000 of Fiscal 2016 Series A FTSB for capital purposes.
ECF: On October 1, 2015, ECF redeemed series 2005A Revenue Bond with an outstanding amount of $23,455,000.
At June 30, 2015, the outstanding commitments relating to projects of the City’s Capital Projects Fund amounted to approximately $15.4 billion.
To address the need for significant infrastructure and public facility capital investments, the City has prepared a ten-year capital spending program which contemplates New York City Capital Projects Fund expenditures of $83.8 billion over Fiscal Years 2015 through 2024. To help meet the financing needs for its capital spending program, the City and TFA borrowed $3.94 billion in the public credit market in Fiscal Year 2015. The City and TFA plan to borrow $4.8 billion in the public credit market in Fiscal Year 2016.
On October 29, 2012, Superstorm Sandy made landfall in the City. The storm surge and high winds caused significant damage in the City as well as other states and cities along the U.S. eastern seaboard. The City incurred costs for emergency response and storm related damages to, and destruction of, City buildings and other assets. As of June 30, 2015, the estimated value of damages and recovery costs was approximately $9.7 billion – this includes $7.6 billion for capital construction and $2.1 billion for cleanup, relief, and repairs.
In response to the damages caused by Superstorm Sandy, President Obama signed a major disaster declaration on October 30, 2012, authorizing the Federal Emergency Management Agency (FEMA) to provide Public Assistance grants (PA) to government entities for response and recovery efforts. The emergency declaration supports the reimbursement of eligible emergency work (categorized as Emergency Protective Measures and Debris Removal) and permanent work (categorized as restoration of Roads and Bridges, Water Control Facilities, Buildings and Equipment, Utilities and Parks and Recreational facilities). On June 26, 2013, the President authorized reimbursement of eligible costs at a 90% rate.
In addition to the FEMA PA, the City has been awarded more than $4.2 billion of Community Development Block Grant Disaster Recovery (CDBG-DR) funding through the U.S. Department of Housing and Urban Development. The major portion of these funds is being used in a variety of home restoration and replacement programs, small business assistance programs, and resiliency/hazard mitigation programs. The remainder is being used to pay certain Superstorm Sandy-related costs that are not reimbursable by FEMA as well as the 10% non-FEMA share of eligible costs, to the extent that those are eligible for CDBG-DR funding.
Subsequent Events
Commitments
Superstorm Sandy
31
32
Approximately $2 billion in emergency and recovery spending was obligated for reimbursement by FEMA during the City’s Fiscal Year 2015, the remainder of eligible reimbursement will be obligated going forward. To the extent that eligible Superstorm Sandy related costs were incurred as of June 30, 2015, the FEMA reimbursement has been received or accrued as receivable in FiscalYear 2015.
This comprehensive annual financial report is designed to provide a general overview of the City’s finances for all those with an interest in its finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to The City of New York, Office of the Comptroller, Bureau of Accountancy, 1 Centre Street—Room 200 South, New York, New York 10007, or at [email protected].
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The City of New York
Comprehensive Annual Financial Report
of the Comptroller
BASIC FINANCIAL STATEMENTS
Part II-A
Fiscal Year Ended June 30, 2015
Primary Government (PG) ________________ Governmental Component Activities Units (CU) ___________ _________ ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,176,737 $ 2,627,470 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,093,660 1,577,901 Receivables: Real estate taxes (less allowance for uncollectible amounts of $230,295) . . . . . . . . . 364,422 — Federal, State and other aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,423,667 — Taxes other than real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,443,031 — Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,718,818 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,049,558 3,853,707 Mortgage loans and interest receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 8,790,966 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 376,743 35,793 Due from PG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 119,756 Due from CUs, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,923,475 — Restricted cash, cash equivalents and investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,989,683 6,254,004 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 526,354 244,734 Capital assets: Land and construction work-in-progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,887,666 6,853,163 Other capital assets (net of depreciation/amortization): Property, plant and equipment (including software) . . . . . . . . . . . . . . . . . . . . . . . . 35,682,778 31,855,829 Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,551,793 — _______________________ ___________________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93,489,567 63,932,141 _______________________ ___________________ DEFERRED OUTFLOWS OF RESOURCES: Deferred outflows from pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,955,473 78,156 Other deferred outflows of resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 543,391 156,825 _______________________ ___________________ Total deferred outflows of resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,498,864 234,981 _______________________ ___________________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,805,775 3,465,237 Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,031,977 164,292 Unearned revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,070 367,764 Due to PG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2,220,286 Due to CUs, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119,756 — Estimated disallowance of Federal, State and other aid . . . . . . . . . . . . . . . . . . . . . . . . . 1,115,521 — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,743,517 211,686 Derivative instruments—interest rate swaps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,294 121,499 Noncurrent liabilities: Due within one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,702,195 2,686,672 Bonds & notes payable (net of amount due within one year—$3,178,050 for PG) . . 81,797,019 41,683,099 Net pension liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,998,987 3,304,856 OPEB liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,484,552 7,459,733 Other (net of amount due within one year—$2,524,145 for PG) . . . . . . . . . . . . . . . . 14,680,885 1,449,309 _______________________ ___________________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262,524,548 63,134,433 _______________________ ___________________ DEFERRED INFLOWS OF RESOURCES: Deferred inflows from pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,052,311 527,124 Deferred real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,994,205 — Other deferred inflows of resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 212,880 17,978 _______________________ ___________________ Total deferred inflows of resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,259,396 545,102 _______________________ ___________________ NET POSITION: Net investment in capital assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,181,406) 8,022,266 Restricted for: Capital projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,203,356 29,424 Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,074,031 2,478,267 Loans/security deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 60,934 Donor/statutory restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 130,375 Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 279,304 Unrestricted (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (180,891,494) (10,512,983) _______________________ ___________________ Total net position (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(181,795,513) $ 487,587 _______________________ ___________________ _______________________ ___________________ See accompanying notes to financial statements.
THE CITY OF NEW YORK STATEMENT OF NET POSITION
JUNE 30, 2015 (in thousands)
38
Primary Government (PG) ________________ Governmental Component Activities Units (CU) ___________ _________ ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,958,525 $ 3,154,041 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,373,151 377,458 Receivables: Real estate taxes (less allowance for uncollectible amounts of $205,488) . . . . . . . . . 325,049 — Federal, State and other aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,638,264 — Taxes other than real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,364,911 — Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,738,664 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,125,805 4,527,135 Mortgage loans and interest receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 8,864,926 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 347,581 51,732 Due from PG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 23,414 Due from CUs, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,466,133 — Restricted cash, cash equivalents and investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500,692 6,374,819 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 547,455 251,826 Capital assets: Land and construction work-in-progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,030,378 9,066,668 Other capital assets (net of depreciation/amortization): Property, plant and equipment (including software) . . . . . . . . . . . . . . . . . . . . . . . . 33,356,849 29,302,384 Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,274,878 — _______________________ ___________________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,309,671 63,733,067 _______________________ ___________________ DEFERRED OUTFLOWS OF RESOURCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 544,247 220,043 _______________________ ___________________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,109,938 3,813,894 Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 989,753 148,854 Unearned revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 493 321,748 Due to PG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2,048,293 Due to CUs, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,414 — Estimated disallowance of Federal, State and other aid . . . . . . . . . . . . . . . . . . . . . . . . . 1,007,755 — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,158,799 205,254 Derivative instruments—interest rate swaps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,963 91,935 Noncurrent liabilities: Due within one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,291,252 1,922,204 Bonds and notes payable (net of amount due within one year—$2,985,516 for PG) . . 79,715,297 42,768,095 Net pension liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,598,085 3,259,352 OPEB liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89,485,122 7,632,605 Other (net of amount due within one year—$2,305,736 for PG) . . . . . . . . . . . . . . . . 14,769,731 1,222,264 _______________________ ___________________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 258,198,602 63,434,498 _______________________ ___________________ DEFERRED INFLOWS OF RESOURCES Deferred inflows from pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,827,736 805,093 Deferred real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,733,998 — Other deferred inflows of resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196,769 — _______________________ ___________________ Total deferred inflows of resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,758,503 805,093 _______________________ ___________________ NET POSITION: Net investment in capital assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,495,896) 7,829,508 Restricted for: Capital projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,838,454 36,030 Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,581,673 2,299,130 Loans/security deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 58,920 Donor/statutory restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 100,526 Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 271,061 Unrestricted (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (188,027,418) (10,881,656) _______________________ ___________________ Total net position (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(191,103,187) $ (286,481) _______________________ ___________________ _______________________ ___________________ See accompanying notes to financial statements.
THE CITY OF NEW YORK STATEMENT OF NET POSITION
JUNE 30, 2014 (in thousands)
39
Net (Expense) Revenue and Program Revenues Changes in Net Position _____________________________ _____________________________ Primary Government _____________ Operating Capital Grants Charges for Grants and and Governmental Component Functions/Programs Expenses Services Contributions Contributions Activities Units__________________ _________ ___________ _____________ _____________ ___________ ___________
Primary government: General government . . . . . . . . . . . . . . $ 5,479,762 $ 2,139,192 $ 1,529,203 $ 49,220 $ (1,762,147) $ — Public safety and judicial . . . . . . . . . . 13,651,658 318,318 649,500 18,158 (12,665,682) — Education . . . . . . . . . . . . . . . . . . . . . . 22,843,399 77,577 10,959,817 83,015 (11,722,990) — City University . . . . . . . . . . . . . . . . . . 1,094,172 383,012 237,559 592 (473,009) — Social services . . . . . . . . . . . . . . . . . . 14,514,037 55,827 4,593,584 67,848 (9,796,778) — Environmental protection . . . . . . . . . . 3,188,665 1,483,453 25,093 65,911 (1,614,208) — Transportation services . . . . . . . . . . . 2,460,777 1,046,642 253,446 354,962 (805,727) — Parks, recreation and cultural activities . . . . . . . . . . . . . . . . . . . . . 1,249,560 93,490 18,431 232,533 (905,106) —
Housing . . . . . . . . . . . . . . . . . . . . . . . 1,574,233 416,119 485,768 27,019 (645,327) — Health (including payments to HHC) 2,186,493 64,634 685,342 74,016 (1,362,501) — Libraries . . . . . . . . . . . . . . . . . . . . . . . 350,475 — — 156 (350,319) — Debt service interest . . . . . . . . . . . . . . 2,929,046 — — — (2,929,046) — __________ __________ __________ _________ _______________ _________ Total primary government . . . . . . $71,522,277 $ 6,078,264 $19,437,743 $ 973,430 (45,032,840) — __________ __________ __________ _________ _______________ __________ __________ __________ _________ Component Units . . . . . . . . . . . . . . . . . . $16,929,460 $12,941,245 $ 2,738,923 $1,148,696 — $ (100,596) __________ __________ __________ _________ _________ __________ __________ __________ _________ _________
General revenues: Taxes (net of refunds):
Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . 21,447,965 — Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . . . 8,071,466 — Personal income tax . . . . . . . . . . . . . . . . . . . . . . . 11,559,669 — Income taxes, other . . . . . . . . . . . . . . . . . . . . . . . 7,965,041 — Other taxes: Commercial rent. . . . . . . . . . . . . . . . . . . . . . . . 787,035 — Conveyance of real property . . . . . . . . . . . . . . 1,772,193 — Hotel room occupancy . . . . . . . . . . . . . . . . . . . 559,846 — Payment in lieu of taxes . . . . . . . . . . . . . . . . . . 304,585 — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,382 —
Investment income . . . . . . . . . . . . . . . . . . . . . . . . 161,351 235,010 Unrestricted federal and state aid . . . . . . . . . . . . 252,194 4,744 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,403,787 634,910 ____________ _________ Total general revenues . . . . . . . . . . . . . . . . . . . 54,340,514 874,664 ____________ _________ Change in net position . . . . . . . . . . . . . . . . . 9,307,674 774,068
Net position (deficit)—beginning . . . . . . . . . . . . . . . . . (191,103,187) (286,481) ____________ _________ Net position (deficit)—ending . . . . . . . . . . . . . . . . . . . . $(181,795,513) $ 487,587 ____________ _________ ____________ _________
See accompanying notes to financial statements.
THE CITY OF NEW YORK STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
40
Net (Expense) Revenue and Program Revenues Changes in Net Position _____________________________ _____________________________ Primary Government _____________ Operating Capital Grants Charges for Grants and and Governmental Component Functions/Programs Expenses Services Contributions Contributions Activities Units__________________ _________ ___________ _____________ _____________ ___________ ___________
Primary government: General government . . . . . . . . . . . . . . $ 4,324,146 $ 1,076,840 $ 1,407,920 $ 26,097 $ (1,813,289) $ — Public safety and judicial . . . . . . . . . . 13,614,413 626,199 706,032 6,370 (12,275,812) — Education . . . . . . . . . . . . . . . . . . . . . . 21,805,586 88,811 9,732,990 35,398 (11,948,387) — City University . . . . . . . . . . . . . . . . . . 1,065,176 363,538 227,731 2,444 (471,463) — Social services . . . . . . . . . . . . . . . . . . 14,248,276 54,353 4,726,975 16,529 (9,450,419) — Environmental protection . . . . . . . . . . 4,022,369 1,537,538 51,760 204,980 (2,228,091) — Transportation services . . . . . . . . . . . 2,419,644 982,304 247,033 234,480 (955,827) — Parks, recreation and cultural activities . . . . . . . . . . . . . . . . . . . . . 1,771,837 96,117 25,910 27,849 (1,621,961) — Housing . . . . . . . . . . . . . . . . . . . . . . . 1,446,617 344,939 486,114 90,269 (525,295) — Health (including payments to HHC) . . 2,364,475 71,614 782,773 51,234 (1,458,854) — Libraries . . . . . . . . . . . . . . . . . . . . . . . 292,568 — — — (292,568) — Debt service interest . . . . . . . . . . . . . . 3,025,056 — — — (3,025,056) — __________ __________ __________ _________ ____________ _________ Total primary government . . . . . . $70,400,163 $ 5,242,253 $18,395,238 $ 695,650 (46,067,022) — __________ __________ __________ _________ ____________ __________ __________ __________ _________ Component Units . . . . . . . . . . . . . . . . . . $16,688,297 $12,519,179 $ 2,377,078 $1,465,007 — $ (327,033) __________ __________ __________ _________ _________ __________ __________ __________ _________ _________
General revenues: Taxes (net of refunds):
Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . 20,033,049 — Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . . . 7,604,836 — Personal income tax . . . . . . . . . . . . . . . . . . . . . . . 10,364,714 — Income taxes, other . . . . . . . . . . . . . . . . . . . . . . . 7,364,845 — Other taxes: Commercial rent . . . . . . . . . . . . . . . . . . . . . . . 771,186 — Conveyance of real property . . . . . . . . . . . . . . 1,530,167 — Hotel room occupancy . . . . . . . . . . . . . . . . . . . 541,293 — Payment in lieu of taxes . . . . . . . . . . . . . . . . . . 270,131 — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,058 —
Investment income . . . . . . . . . . . . . . . . . . . . . . . . 79,261 50,487 Unrestricted federal and state aid . . . . . . . . . . . . 251,474 2,940 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 848,455 1,094,799 ____________ _________ Total general revenues . . . . . . . . . . . . . . . . . . . 49,708,469 1,148,226 ____________ _________ Change in net position . . . . . . . . . . . . . . . . . 3,641,447 821,193
Net position (deficit)—beginning . . . . . . . . . . . . . . . . (194,744,634) 86,026 Restatement of beginning net position (deficit) . . . . . — (1,193,700) ____________ _________ Net position (deficit)—ending . . . . . . . . . . . . . . . . . . $(191,103,187) $ (286,481) ____________ _________ ____________ _________
See accompanying notes to financial statements.
THE CITY OF NEW YORK STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
41
General Capital Debt Nonmajor Total General Projects Service Governmental Adjustments/ Governmental Fund Fund Fund Funds Eliminations Funds __________ ___________ __________ __________ __________ __________ ASSETS: Cash and cash equivalents . . . . . . . . . $ 6,960,112 $ 48,499 $ — $ 168,126 $ — $ 7,176,737 Investments . . . . . . . . . . . . . . . . . . . . . 6,499,378 — — 1,668,424 — 8,167,802 Accounts receivable: Real estate taxes (less allowance
for uncollectible amounts of $230,295) . . . . . . . . . . . . . . . . . . 364,422 — — — — 364,422
Federal, State and other aid . . . . . . 6,325,433 1,098,234 — — — 7,423,667 Taxes other than real estate . . . . . . . 5,832,296 — — 610,735 — 6,443,031 Other receivables, net . . . . . . . . . . . 1,614,328 — — 404,868 — 2,019,196 Due from other funds . . . . . . . . . . . . . 3,023,132 993,028 — 540,957 (540,578) 4,016,539 Due from component units, net . . . . . 1,311,505 611,970 — — — 1,923,475 Restricted cash and investments . . . . . — 751,924 1,973,168 3,264,591 — 5,989,683 Other assets . . . . . . . . . . . . . . . . . . . . — 92,451 — 419,914 — 512,365 __________ ___________ __________ __________ __________ __________ Total assets . . . . . . . . . . . . . . . $31,930,606 $ 3,596,106 $1,973,168 $7,077,615 $(540,578) $44,036,917 __________ ___________ __________ __________ __________ __________ __________ ___________ __________ __________ __________ __________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . $13,626,047 $ 1,400,594 $ 2,948 $ 776,548 $ — $15,806,137
Accrued tax refunds: Real estate taxes . . . . . . . . . . . . . . . 26,905 — — — — 26,905 Personal income tax . . . . . . . . . . . . 45,626 — — — — 45,626 Other . . . . . . . . . . . . . . . . . . . . . . . . 208,567 — — — — 208,567 Accrued judgments and claims . . . . . 557,860 81,446 — — — 639,306 Unearned revenues . . . . . . . . . . . . . . . — — — 3,070 — 3,070 Due to other funds . . . . . . . . . . . . . . . — 3,455,785 — 1,101,332 (540,578) 4,016,539 Due to component units, net . . . . . . . . 119,756 — — — — 119,756 Estimated disallowance of Federal, State and other aid . . . . . . . . . . . . . 1,115,521 — — — — 1,115,521
Other liabilities . . . . . . . . . . . . . . . . . . 3,637,653 437,872 — — — 4,075,525 __________ ___________ __________ __________ __________ __________ Total liabilities . . . . . . . . . . . . 19,337,935 5,375,697 2,948 1,880,950 (540,578) 26,056,952 __________ ___________ __________ __________ __________ __________ DEFERED INFLOWS OF RESOURCES: Prepaid real estate taxes . . . . . . . . . . . 6,994,205 — — — — 6,994,205 Grant advances . . . . . . . . . . . . . . . . . . 7,331 — — — — 7,331 Uncollected real estate taxes . . . . . . . 271,564 — — — — 271,564 Taxes other than real estate . . . . . . . . 4,624,782 — — — — 4,624,782 Other deferred inflows of resources . . 227,168 — — 818,479 — 1,045,647 __________ ___________ __________ __________ __________ __________ Total deferred inflows of
resources . . . . . . . . . . . . . . . 12,125,050 — — 818,479 — 12,943,529 __________ ___________ __________ __________ __________ __________ FUND BALANCES: Nonspendable . . . . . . . . . . . . . . . . . . . 467,621 — — 619 — 468,240 Spendable: Restricted . . . . . . . . . . . . . . . . . . . . — 751,924 427,588 2,555,243 — 3,734,755 Committed . . . . . . . . . . . . . . . . . . . — — 1,542,632 — — 1,542,632 Assigned . . . . . . . . . . . . . . . . . . . . . — — — 1,822,324 — 1,822,324 Unassigned . . . . . . . . . . . . . . . . . . . — (2,531,515) — — — (2,531,515) __________ ___________ __________ __________ __________ __________ Total fund balances (deficit) . . 467,621 (1,779,591) 1,970,220 4,378,186 — 5,036,436 __________ ___________ __________ __________ __________ __________ Total liabilities, deferred inflows of resources and fund balances . . . . . . . . $31,930,606 $ 3,596,106 $1,973,168 $7,077,615 $(540,578) $44,036,917 __________ ___________ __________ __________ __________ __________ __________ ___________ __________ __________ __________ __________
The reconciliation of the fund balances of governmental funds to the net position (deficit) of governmental activities in the Statement of Net Position is presented in an accompanying schedule.
See accompanying notes to financial statements.
THE CITY OF NEW YORK GOVERNMENTAL FUNDS
BALANCE SHEET
JUNE 30, 2015 (in thousands)
42
General Capital Debt Nonmajor Total General Projects Service Governmental Adjustments/ Governmental Fund Fund Fund Funds Eliminations Funds __________ ___________ __________ __________ __________ __________ ASSETS: Cash and cash equivalents . . . . . . . . . $ 7,761,172 $ 74,452 $ — $ 122,901 $ — $ 7,958,525 Investments . . . . . . . . . . . . . . . . . . . . . 4,102,783 — — 1,362,881 — 5,465,664 Accounts receivable: . . . . . . . . . . . . . Real estate taxes (less allowance for uncollectible amounts of $205,488) . . . . . . . . . . . . . . . . . . 325,049 — — — — 325,049 Federal, State and other aid . . . . . . 6,851,159 787,105 — — — 7,638,264 Taxes other than real estate . . . . . . . 5,078,270 — — 286,641 — 5,364,911 Other receivables, net . . . . . . . . . . . 1,655,214 — — 440,090 — 2,095,304 Due from other funds . . . . . . . . . . . . 3,154,761 102,398 — 306,421 (306,119) 3,257,461 Due from component units . . . . . . . . . 1,832,518 633,615 — — — 2,466,133 Restricted cash and investments . . . . . — 616,142 643,937 3,240,613 — 4,500,692 Other assets . . . . . . . . . . . . . . . . . . . . — 99,779 — 433,452 — 533,231 __________ ___________ __________ __________ __________ __________ Total assets . . . . . . . . . . . . . . . $30,760,926 $ 2,313,491 $ 643,937 $6,192,999 $(306,119) $39,605,234 __________ ___________ __________ __________ __________ __________ __________ ___________ __________ __________ __________ __________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . $13,161,739 $ 1,357,114 $ 5,085 $ 586,322 $ — $15,110,260 Accrued tax refunds: . . . . . . . . . . . . . Real estate taxes . . . . . . . . . . . . . . . 58,773 — — — — 58,773 Personal income tax . . . . . . . . . . . . 50,974 — — — 50,974 Other . . . . . . . . . . . . . . . . . . . . . . . . 94,729 — — — — 94,729 Accrued judgments and claims . . . . . 522,742 70,050 — — — 592,792 Unearned revenues . . . . . . . . . . . . . . . — — — 493 — 493 Due to other funds . . . . . . . . . . . . . . . — 3,410,603 — 152,977 (306,119) 3,257,461 Due to component units . . . . . . . . . . . 23,414 — — — — 23,414 Estimated disallowance of Federal, State and other aid . . . . . . . . . . . . . 1,007,755 — — — — 1,007,755 Other liabilities . . . . . . . . . . . . . . . . . . 4,219,875 511,605 — — — 4,731,480 __________ ___________ __________ __________ __________ __________ Total liabilities . . . . . . . . . . . . . 19,140,001 5,349,372 5,085 739,792 (306,119) 24,928,131 __________ ___________ __________ __________ __________ __________ DEFERRED INFLOWS OF RESOURCES: Prepaid real estate taxes . . . . . . . . . . . 6,733,998 — — — — 6,733,998 Grant advances . . . . . . . . . . . . . . . . . . 23,780 — — — — 23,780 Uncollected real estate taxes . . . . . . . 257,003 — — — — 257,003 Taxes other than real estate . . . . . . . . 3,914,974 — — — — 3,914,974 Other deferred inflows of resources . . 228,651 — — 587,205 — 815,856 __________ ___________ __________ __________ __________ __________ Total deferred inflows of resources . . . . . . . . . . . . . . . 11,158,406 — — 587,205 — 11,745,611 __________ ___________ __________ __________ __________ __________ FUND BALANCES: Nonspendable . . . . . . . . . . . . . . . . . . . 462,519 — — 611 — 463,130 Spendable: Restricted . . . . . . . . . . . . . . . . . . . . — 423,296 480,525 3,357,979 — 4,261,800 Committed . . . . . . . . . . . . . . . . . . . — — 158,327 — — 158,327 Assigned . . . . . . . . . . . . . . . . . . . . . — — — 1,505,488 — 1,505,488 Unassigned . . . . . . . . . . . . . . . . . . . — (3,459,177) — 1,924 — (3,457,253) __________ ___________ __________ __________ __________ __________ Total fund balances (deficit) . . 462,519 (3,035,881) 638,852 4,866,002 — 2,931,492 __________ ___________ __________ __________ __________ __________ Total liabilities, deferred inflows of resources and fund balances . . . . . . . . $30,760,926 $ 2,313,491 $ 643,937 $6,192,999 $(306,119) $39,605,234 __________ ___________ __________ __________ __________ __________ __________ ___________ __________ __________ __________ __________
The reconciliation of the fund balances of governmental funds to the net position (deficit) of governmental activities in the Statement of Net Position is presented in an accompanying schedule.
See accompanying notes to financial statements.
THE CITY OF NEW YORK GOVERNMENTAL FUNDS
BALANCE SHEET
JUNE 30, 2014 (in thousands)
43
Total fund balances—governmental funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,036,436
Amounts reported for governmental activities in the Statement of Net Position are different because:
Inventories recorded in the Statement of Net Position are recorded as expenditures in the governmental funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 376,743 Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,122,237 Other long-term assets are not available to pay for current period expenditures and, therefore, are deferred in the funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111,912 Long-term liabilities are not due and payable in the current period and accordingly are not reported in the funds: Bonds and notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (84,975,069) OPEB liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (85,484,552) Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,031,977) Capital lease obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,639,243) Accrued vacation and sick leave . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,980,729) Net pension liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (51,998,987) Landfill closure and post-closure care costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,508,360) Pollution remediation obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (250,231) Other long-term liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,573,693) _______________ Net position (deficit) of governmental activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(181,795,513) _______________ _______________
See accompanying notes to financial statements.
THE CITY OF NEW YORK RECONCILIATION OF THE GOVERNMENTAL FUNDS
BALANCE SHEET TO THE STATEMENT OF NET POSITION
JUNE 30, 2015 (in thousands)
44
Total fund balances—governmental funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,931,492
Amounts reported for governmental activities in the Statement of Net Position are different because:
Inventories recorded in the Statement of Net Position are recorded as expenditures in the governmental funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 347,581 Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,662,105 Other long-term assets are not available to pay for current period expenditures and, therefore, are deferred in the funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,565,396) Long-term liabilities are not due and payable in the current period and accordingly are not reported in the funds: Bonds and notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (82,700,813) OPEB liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (89,485,122) Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (989,753) Capital lease obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,701,439) Accrued vacation and sick leave . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,935,666) Net pension liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (46,598,085) Landfill closure and post-closure care costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,466,633) Pollution remediation obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (237,607) Other long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,363,851) _______________ Net position (deficit) of governmental activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(191,103,187) _______________ _______________
See accompanying notes to financial statements.
THE CITY OF NEW YORK RECONCILIATION OF THE OF GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION
JUNE 30, 2014 (in thousands)
45
Capital General Nonmajor Total General Projects Debt Governmental Adjustments/ Governmental Fund Fund Service Fund Funds Eliminations Funds ____________ ____________ ____________ ____________ ____________ _____________ REVENUES: Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . $21,517,932 $ — $ — $ — $ — $21,517,932 Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . 8,050,932 — — — — 8,050,932 Personal income tax . . . . . . . . . . . . . . . . . . . . . . 11,294,669 — — 556,204 (556,204) 11,294,669 Income taxes, other . . . . . . . . . . . . . . . . . . . . . . 7,602,041 — — — — 7,602,041 Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,475,767 — — — — 3,475,767 Federal, State and other categorical aid . . . . . . . 19,437,742 966,077 81,786 — — 20,485,605 Unrestricted Federal and State aid . . . . . . . . . . . 408 — — 170,000 — 170,408 Charges for services . . . . . . . . . . . . . . . . . . . . . 2,745,137 — — — — 2,745,137 Tobacco settlement . . . . . . . . . . . . . . . . . . . . . . — — — 181,094 — 181,094 Investment income . . . . . . . . . . . . . . . . . . . . . . . 29,889 — 246 112,860 — 142,995 Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . 3,327,933 1,393,856 44,191 3,886,911 (2,674,141) 5,978,750 __________ __________ __________ __________ __________ __________ Total revenues . . . . . . . . . . . . . . . . . . . . . . 77,482,450 2,359,933 126,223 4,907,069 (3,230,345) 81,645,330 __________ __________ __________ __________ __________ __________ EXPENDITURES: General government . . . . . . . . . . . . . . . . . . . . . 2,468,539 789,667 — 128,008 — 3,386,214 Public safety and judicial . . . . . . . . . . . . . . . . . 8,826,839 302,856 — — 9,129,695 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,457,511 2,631,088 — 2,610,157 (2,674,141) 23,024,615 City University . . . . . . . . . . . . . . . . . . . . . . . . . 904,050 70,208 — — — 974,258 Social services . . . . . . . . . . . . . . . . . . . . . . . . . . 13,843,523 208,941 — — — 14,052,464 Environmental protection . . . . . . . . . . . . . . . . . 2,540,334 1,619,842 — — — 4,160,176 Transportation services . . . . . . . . . . . . . . . . . . . 1,654,973 872,415 — — — 2,527,388 Parks, recreation and cultural activities . . . . . . . 555,411 576,245 — — — 1,131,656 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 885,857 560,550 — — — 1,446,407 Health (including payments to HHC) . . . . . . . . 1,708,378 167,744 — — — 1,876,122 Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 322,392 36,755 — — — 359,147 Pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,489,857 — — — — 8,489,857 Judgments and claims . . . . . . . . . . . . . . . . . . . . 679,605 — — — — 679,605 Fringe benefits and other benefit payments . . . . 5,862,664 — — — — 5,862,664 Administrative and other . . . . . . . . . . . . . . . . . . 848,095 — 75,693 930,899 — 1,854,687 Debt Service: Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,636,535 1,615,424 — 3,251,959 Redemptions . . . . . . . . . . . . . . . . . . . . . . . . . — — 2,069,596 3,681,089 — 5,750,685 Lease payments . . . . . . . . . . . . . . . . . . . . . . . 148,847 — — — — 148,847 __________ __________ __________ __________ __________ __________ Total expenditures . . . . . . . . . . . . . . . . . . . 70,196,875 7,836,311 3,781,824 8,965,577 (2,674,141) 88,106,446 __________ __________ __________ __________ __________ __________ Excess (deficiency) of revenues
over expenditures . . . . . . . . . . . . . . . 7,285,575 (5,476,378) (3,655,601) (4,058,508) (556,204) (6,461,116) __________ __________ __________ __________ __________ __________ OTHER FINANCING SOURCES (USES): Transfers from (to) General Fund . . . . . . . . . . . — — 4,979,173 1,986,222 — 6,965,395 Transfers from (to) Nonmajor Capital
Projects Funds . . . . . . . . . . . . . . . . . . . . . . . . — 5,765,533 — 2,083 — 5,767,616 Transfers from (to) Nonmajor Special Revenue
Funds, net . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 121,258 — 121,258 Principal amount of bonds issued . . . . . . . . . . . 241,126 808,874 — 6,520,809 — 7,570,809 Bond premium . . . . . . . . . . . . . . . . . . . . . . . . . . — 31,717 264,218 982,494 — 1,278,429 Capitalized leases . . . . . . . . . . . . . . . . . . . . . . . — 126,544 — — — 126,544 Issuance of refunding debt . . . . . . . . . . . . . . . . — — 1,779,660 785,795 — 2,565,455 Transfers from (to) Capital Projects Fund . . . . . — — — (5,765,533) — (5,765,533) Transfers from (to) General Debt Service Fund, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,979,173) — — — — (4,979,173) Transfers from (to) Nonmajor Debt Service
Funds, net . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,542,426) — — (123,341) 556,204 (2,109,563) Payments to refunded bond escrow holder . . . . — — (2,036,082) (939,095) — (2,975,177) __________ __________ __________ __________ __________ __________ Total other financing sources (uses) . . . . . (7,280,473) 6,732,668 4,986,969 3,570,692 556,204 8,566,060 __________ __________ __________ __________ __________ __________ Net change in fund balances . . . . . . . . . . . . . . . . . 5,102 1,256,290 1,331,368 (487,816) — 2,104,944 FUND BALANCES (DEFICIT) AT BEGINNING OF YEAR. 462,519 (3,035,881) 638,852 4,866,002 — 2,931,492 __________ __________ __________ __________ __________ __________ FUND BALANCES (DEFICIT) AT END OF YEAR . . . . . . $ 467,621 $(1,779,591) $ 1,970,220 $ 4,378,186 $ — $ 5,036,436 __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________
The reconciliation of the net change in fund balances of governmental funds to the change in net position of governmental activities in the Statement of Net Position is presented in an accompanying schedule.
See accompanying notes to financial statements.
THE CITY OF NEW YORK GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
46
Capital General Nonmajor Total General Projects Debt Governmental Adjustments/ Governmental Fund Fund Service Fund Funds Eliminations Funds ____________ ____________ ____________ ____________ ____________ _____________ REVENUES: Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . $20,202,022 $ — $ — $ — $ — $20,202,022 Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . 7,603,986 — — — — 7,603,986 Personal income tax . . . . . . . . . . . . . . . . . . . . . . 10,173,614 — — 1,641,311 (1,641,311) 10,173,614 Income taxes, other . . . . . . . . . . . . . . . . . . . . . . 7,214,845 — — — — 7,214,845 Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,180,945 — — — — 3,180,945 Federal, State and other categorical aid . . . . . . . 18,395,238 668,328 81,474 — — 19,145,040 Unrestricted Federal and State aid . . . . . . . . . . . — — — 170,000 — 170,000 Charges for services . . . . . . . . . . . . . . . . . . . . . 2,786,460 — — — — 2,786,460 Tobacco settlement . . . . . . . . . . . . . . . . . . . . . . — — — 211,616 — 211,616 Investment income . . . . . . . . . . . . . . . . . . . . . . . 15,985 — 634 102,841 — 119,460 Interest on mortgages, net . . . . . . . . . . . . . . . . . — — — 605 — 605 Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . 2,686,675 1,572,477 45,414 2,547,956 (2,190,349) 4,662,173 __________ __________ __________ __________ __________ __________ Total revenues . . . . . . . . . . . . . . . . . . . . . . 72,259,770 2,240,805 127,522 4,674,329 (3,831,660) 75,470,766 __________ __________ __________ __________ __________ __________ EXPENDITURES: General government . . . . . . . . . . . . . . . . . . . . . 2,333,741 1,081,724 — 191,443 — 3,606,908 Public safety and judicial . . . . . . . . . . . . . . . . . 8,472,362 550,969 — — — 9,023,331 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,672,173 2,106,964 — 2,166,172 (2,190,349) 20,754,960 City University . . . . . . . . . . . . . . . . . . . . . . . . . 852,920 34,702 — — — 887,622 Social services . . . . . . . . . . . . . . . . . . . . . . . . . . 13,472,613 63,967 — — — 13,536,580 Environmental protection . . . . . . . . . . . . . . . . . 2,522,291 1,841,855 — — — 4,364,146 Transportation services . . . . . . . . . . . . . . . . . . . 1,550,323 938,291 — — — 2,488,614 Parks, recreation and cultural activities . . . . . . . 478,923 577,170 — — — 1,056,093 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 828,954 427,764 — — — 1,256,718 Health (including payments to HHC) . . . . . . . . 1,621,780 241,632 — — — 1,863,412 Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 238,574 37,673 — — — 276,247 Pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,141,099 — — — — 8,141,099 Judgments and claims . . . . . . . . . . . . . . . . . . . . 732,222 — — — — 732,222 Fringe benefits and other benefit payments . . . . 5,841,923 — — — — 5,841,923 Administrative and other . . . . . . . . . . . . . . . . . 1,793,367 — 103,535 309,245 — 2,206,147 Debt Service: . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,661,063 1,580,924 — 3,241,987 Redemptions . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,977,920 1,317,351 — 3,295,271 Lease payments . . . . . . . . . . . . . . . . . . . . . . 152,613 — — — — 152,613 __________ __________ __________ __________ __________ __________ Total expenditures . . . . . . . . . . . . . . . . . . . 67,705,878 7,902,711 3,742,518 5,565,135 (2,190,349) 82,725,893 __________ __________ __________ __________ __________ __________ Excess (deficiency) of revenues
over expenditures . . . . . . . . . . . . . . . 4,553,892 (5,661,906) (3,614,996) (890,806) (1,641,311) (7,255,127) __________ __________ __________ __________ __________ __________ OTHER FINANCING SOURCES (USES): Transfers from (to) General Fund . . . . . . . . . . . — — 1,483,355 1,717,760 — 3,201,115 Transfers from (to) Nonmajor Capital Projects Funds . . . . . . . . . . . . . . . . . . . . . . . . — 3,518,579 — 4,020 — 3,522,599 Transfers from (to) Nonmajor Special Revenue Funds, net . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 36,020 — 36,020 Principal amount of bonds issued . . . . . . . . . . . 293,586 1,981,414 — 2,896,646 — 5,171,646 Bond premium . . . . . . . . . . . . . . . . . . . . . . . . . . — 86,321 329,939 205,891 — 622,151 Capitalized leases . . . . . . . . . . . . . . . . . . . . . . . — 75,467 — — — 75,467 Issuance of refunding debt . . . . . . . . . . . . . . . . — — 2,607,530 579,140 — 3,186,670 Transfers from (to) Capital Projects Fund . . . . . — — — (3,518,579) — (3,518,579) Transfers from (to) General Debt Service Fund, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,483,355) — — 6,220 — (1,477,135) Transfers from (to) Nonmajor Debt Service Funds, net . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,359,071) — (6,220) (40,040) 1,641,311 (1,764,020) Payments to refunded bond escrow holder . . . . — — (2,927,463) (389,516) — (3,316,979) __________ __________ __________ __________ __________ __________ Total other financing sources (uses) . . . . . (4,548,840) 5,661,781 1,487,141 1,497,562 1,641,311 5,738,955 __________ __________ __________ __________ __________ __________ Net change in fund balances . . . . . . . . . . . . . . . . . 5,052 (125) (2,127,855) 606,756 — (1,516,172) FUND BALANCES (DEFICIT) AT BEGINNING OFYEAR . . 457,467 (3,035,756) 2,766,707 4,259,246 — 4,447,664 __________ __________ __________ __________ __________ __________ FUND BALANCES (DEFICIT) AT END OFYEAR . . . . . . . $ 462,519 $(3,035,881) $ 638,852 $ 4,866,002 $ — $ 2,931,492 __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________
The reconciliation of the net change in fund balances of governmental funds to the change in net position of governmental activities in the Statement of Net Position is presented in an accompanying schedule.
See accompanying notes to financial statements.
THE CITY OF NEW YORK GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
47
Net change in fund balances—governmental funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,104,944
Amounts reported for governmental activities in the Statement of Activities are different because:
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. Purchases of capital assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,528,102 Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,428,753) 2,099,349 ___________ The net effect of various miscellaneous transactions involving capital assets and other (i.e. sales, trade-ins, and donations) is to decrease net position . . . . . . . . . . . . . . . (548,216)
The issuance of long-term debt (i.e., bonds, capital leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items.
Proceeds from sales of bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10,136,264) Principal payments of bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,422,523 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 307,849 (2,405,892) ___________ Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,332 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,354,113 Net pension liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,400,902) OPEB liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000,570 Pollution remediation obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,624) ___________ Change in net position—governmental activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,307,674 ___________ ___________
See accompanying notes to financial statements.
THE CITY OF NEW YORK RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
48
Net change in fund balances—governmental funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,516,172)
Amounts reported for governmental activities in the Statement of Activities are different because:
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period.
Purchases of capital assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,289,193 Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,973,430) 2,315,763 ___________ The net effect of various miscellaneous transactions involving capital assets and other (i.e. sales, trade-ins, and donations) is to decrease net position . . . . . . . . . . . . . . . . . (1,074,426) The issuance of long-term debt (i.e., bonds, capital leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items.
Proceeds from sales of bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8,358,316) Principal payments of bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,990,099 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157,685 (2,210,532) ___________ Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (608,487) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,623,111) Net pension liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,343,041 OPEB liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,036,224 Pollution remediation obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20,853) ___________ Change in net position—governmental activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,641,447 ___________ ___________
See accompanying notes to financial statements.
THE CITY OF NEW YORK RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
49
Better (Worse) Than Budget Modified ____________________________ Adopted Modified Actual Budget __________ __________ __________ __________ REVENUES: Real estate taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $20,980,932 $21,470,931 $21,517,932 $ 47,001 Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,672,000 8,053,583 8,050,932 (2,651) Personal income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,851,000 11,185,750 11,294,669 108,919 Income taxes, other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,495,000 7,570,175 7,602,041 31,866 Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,618,670 3,466,234 3,475,767 9,533 Federal, State and other categorical aid . . . . . . . . . . . . . . . . . . . . . . . 19,455,185 20,783,875 19,437,742 (1,346,133) Unrestricted Federal and State aid . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 408 408 Charges for services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,751,819 2,777,635 2,745,137 (32,498) Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,570 20,642 29,889 9,247 Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,337,940 3,637,373 3,327,933 (309,440) __________ __________ __________ __________ Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74,172,116 78,966,198 77,482,450 (1,483,748) __________ __________ __________ __________ EXPENDITURES: General government. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,411,649 2,757,796 2,468,539 289,257 Public safety and judicial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,311,464 8,896,161 8,826,839 69,322 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,740,326 20,957,360 20,457,511 499,849 City University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 928,505 945,910 904,050 41,860 Social services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,788,378 14,011,561 13,843,523 168,038 Environmental protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,584,639 2,764,080 2,540,334 223,746 Transportation services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,574,887 1,717,281 1,654,973 62,308 Parks, recreation and cultural activities . . . . . . . . . . . . . . . . . . . . . . . 486,419 576,943 555,411 21,532 Housing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 664,138 933,846 885,857 47,989 Health (including payments to HHC) . . . . . . . . . . . . . . . . . . . . . . . . 1,478,521 1,723,780 1,708,378 15,402 Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 311,451 323,563 322,392 1,171 Pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,468,530 8,494,772 8,489,857 4,915 Judgments and claims . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 673,989 679,605 679,605 — Fringe benefits and other benefit payments. . . . . . . . . . . . . . . . . . . . 4,968,013 5,856,671 5,862,664 (5,993) Lease payments for debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163,869 148,856 148,847 9 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,985,040 972,666 848,095 124,571 __________ __________ __________ __________ Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69,539,818 71,760,851 70,196,875 1,563,976 __________ __________ __________ __________ Excess of revenues over expenditures . . . . . . . . . . . . . . . . . . 4,632,298 7,205,347 7,285,575 80,228 __________ __________ __________ __________ OTHER FINANCING SOURCES (USES): Principal amount of bonds issued . . . . . . . . . . . . . . . . . . . . . . . . . . . — 315,274 241,126 74,148 Transfers to Nonmajor Debt Service Fund . . . . . . . . . . . . . . . . . . . . (1,421,491) (2,772,414) (2,772,375) (39) Transfers from Nonmajor Debt Service Fund . . . . . . . . . . . . . . . . . . 240,372 229,947 229,949 (2) Transfers and other payments for debt service, net . . . . . . . . . . . . . . (3,451,179) (4,978,154) (4,979,173) 1,019 __________ __________ __________ __________ Total other financing uses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,632,298) (7,205,347) (7,280,473) 75,126 __________ __________ __________ __________ EXCESS OF REVENUES OVER EXPENDITURES AND OTHER FINANCING USES . . $ — $ — 5,102 $ 5,102 __________ __________ __________ __________ __________ __________ FUND BALANCE AT BEGINNING OF YEAR . . . . . . . . . . . . . . . . . . . . . . . . . 462,519 __________ FUND BALANCE AT END OF YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 467,621 __________ __________
See accompanying notes to financial statements.
THE CITY OF NEW YORK GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
50
Better (Worse) Than Budget Modified ____________________________ Adopted Modified Actual Budget __________ __________ __________ __________ REVENUES: Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $19,793,487 $20,224,128 $20,202,022 $ (22,106) Sales and use taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,188,000 7,579,900 7,603,986 24,086 Personal income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,782,000 10,124,750 10,173,614 48,864 Income taxes, other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,241,000 7,226,217 7,214,845 (11,372) Other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,309,670 3,138,003 3,180,945 42,942 Federal, State and other categorical aid . . . . . . . . . . . . . . . . . . . . . . . 18,891,785 19,692,861 18,395,238 (1,297,623) Charges for services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,715,316 2,733,470 2,786,460 52,990 Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,500 16,250 15,985 (265) Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,141,809 3,816,233 2,686,675 (1,129,558) __________ __________ __________ __________ Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69,072,567 74,551,812 72,259,770 (2,292,042) __________ __________ __________ __________ EXPENDITURES: General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,277,427 2,511,749 2,333,741 178,008 Public safety and judicial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,193,682 8,526,352 8,472,362 53,990 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,854,024 20,049,199 18,672,173 1,377,026 City University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 874,067 877,398 852,920 24,478 Social services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,393,393 13,666,942 13,472,613 194,329 Environmental protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,478,696 2,580,170 2,522,291 57,879 Transportation services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,381,491 1,597,652 1,550,323 47,329 Parks, recreation and cultural activities . . . . . . . . . . . . . . . . . . . . . . . 456,693 486,133 478,923 7,210 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 726,151 857,491 828,954 28,537 Health (including payments to HHC) . . . . . . . . . . . . . . . . . . . . . . . . 1,445,273 1,659,202 1,621,780 37,422 Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 236,852 238,673 238,574 99 Pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,192,439 8,184,426 8,141,099 43,327 Judgments and claims . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 717,889 733,775 732,222 1,553 Fringe benefits and other benefit payments . . . . . . . . . . . . . . . . . . . . 4,084,612 5,872,878 5,841,923 30,955 Lease payments for debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171,101 152,613 152,613 — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 929,928 1,972,947 1,793,367 179,580 __________ __________ __________ __________ Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,413,718 69,967,600 67,705,878 2,261,722 __________ __________ __________ __________ Excess of revenues over expenditures . . . . . . . . . . . . . . . . . . . 3,658,849 4,584,212 4,553,892 (30,320) __________ __________ __________ __________ OTHER FINANCING SOURCES (USES): Principal amount of bonds issued . . . . . . . . . . . . . . . . . . . . . . . . . . . — 293,586 293,586 — Transfers to Nonmajor Debt Service Fund . . . . . . . . . . . . . . . . . . . . (2,448,076) (3,617,852) (3,604,771) (13,081) Transfers from Nonmajor Debt Service Fund . . . . . . . . . . . . . . . . . . 227,633 237,900 245,700 (7,800) Transfers and other payments for debt service, net . . . . . . . . . . . . . . (1,438,406) (1,497,846) (1,483,355) (14,491) __________ __________ __________ __________ Total other financing uses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,658,849) (4,584,212) (4,548,840) (35,372) __________ __________ __________ __________ EXCESS OF REVENUES OVER EXPENDITURES AND OTHER FINANCING USES . . $ — $ — 5,052 $ 5,052 __________ __________ __________ __________ __________ __________ FUND BALANCE AT BEGINNING OF YEAR . . . . . . . . . . . . . . . . . . . . . . . . . 457,467 __________ FUND BALANCE AT END OF YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 462,519 __________ __________
See accompanying notes to financial statements.
THE CITY OF NEW YORK GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
51
Pension and Other Employee Benefit Agency Trust Funds Funds _____________________________ _______________________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,073,902 $1,373,381 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,242,884 — Investment securities sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,260,694 — Accrued interest and dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 513,055 — Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 216 — ___________ _________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,016,849 — ___________ _________ Investments: Fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66,235,609 — Short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,898,713 — Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,159,986 2,161,656 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,975,076 — Alternative investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,482,513 — Mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,204,567 — Collective trust funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,509,882 — Collateral from securities lending transactions . . . . . . . . . . . . . . . . . . . . . . . 11,188,889 — Guaranteed investment contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,159,254 — ___________ _________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211,814,489 2,161,656 ___________ _________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 190,279 — ___________ _________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 221,095,519 3,535,037 ___________ _________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,471,677 1,058,440 Payable for investment securities purchased . . . . . . . . . . . . . . . . . . . . . . . . . . 10,317,207 — Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 723,878 — Securities lending transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,188,889 — Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,754 2,476,597 ___________ _________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,703,405 3,535,037 ___________ _________ NET POSITION: Restricted for benefits to be provided by QPPs . . . . . . . . . . . . . . . . . . . . . . . . 145,675,088 — Restricted for benefits to be provided by VSFs . . . . . . . . . . . . . . . . . . . . . . . . 3,775,111 — Restricted for benefits to be provided by TDA program . . . . . . . . . . . . . . . . . 28,939,154 — Restricted for other employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,002,761 — ___________ _________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $197,392,114 $ — ___________ _________ ___________ _________
See accompanying notes to financial statements.
THE CITY OF NEW YORK FIDUCIARY FUNDS
STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2015 (in thousands)
52
Pension and Other Employee Benefit Agency Trust Funds Funds _____________________________ _______________________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,392,334 $1,820,137 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,228,383 — Investment securities sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,411,629 — Accrued interest and dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 487,169 — Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 288 — ___________ _________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,127,469 — ___________ _________ Investments: Fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,161,348 — Short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,281,436 — Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,618,857 1,469,736 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,917,755 — Alternative investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,803,357 — Mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,288,881 — Collective trust funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,541,183 — Collateral from securities lending transactions . . . . . . . . . . . . . . . . . . . . . . . 16,618,377 — Guaranteed investment contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,057,209 — ___________ _________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211,288,403 1,469,736 ___________ _________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93,756 — ___________ _________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220,901,962 3,289,873 ___________ _________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,369,947 954,411 Payable for investment securities purchased . . . . . . . . . . . . . . . . . . . . . . . . . . 9,952,997 — Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 636,319 — Securities lending transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,623,227 — Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,484 2,335,462 ___________ _________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,583,974 3,289,873 ___________ _________ NET POSITION: Restricted for benefits to be provided by QPPs . . . . . . . . . . . . . . . . . . . . . . . . 144,537,893 — Restricted for benefits to be provided by VSFs . . . . . . . . . . . . . . . . . . . . . . . . 3,540,824 — Restricted for benefits to be provided by TDA program . . . . . . . . . . . . . . . . . 27,310,951 — Restricted for other employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,928,320 — ___________ _________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $192,317,988 $ — ___________ _________ ___________ _________
See accompanying notes to financial statements.
THE CITY OF NEW YORK FIDUCIARY FUNDS
STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2014 (in thousands)
53
Pension and Other Employee Benefit Trust Funds _____________________________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,525,727 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,122,664 Other employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,521 ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,703,912 ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,128,236 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,832,442 Net appreciation in fair value of investments . . . . . . . . . . . . . . . . . . . . . . . . 1,415,848 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (741,614) ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,634,912 ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82,478 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,353) ___________ Net securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77,125 ___________ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,713 ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,418,662 ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,152,532 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 184,862 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,142 ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,344,536 ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,074,126 NET POSITION: Restricted for Benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192,317,988 ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $197,392,114 ___________ ___________
See accompanying notes to financial statements.
THE CITY OF NEW YORK FIDUCIARY FUNDS
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
54
Pension and Other Employee Benefit Trust Funds _____________________________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,415,628 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,732,547 Other employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,730 ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,203,905 ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,103,938 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,374,721 Net appreciation in fair value of investments . . . . . . . . . . . . . . . . . . . . . . . . 25,028,270 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (560,622) ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,946,307 ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,813 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,367) ___________ Net securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,446 ___________ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (129,246) ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,045,412 ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,344,201 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157,371 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,228 ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,508,800 ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,536,612 NET POSITION: Restricted for Benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163,781,376 ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $192,317,988 ___________ ___________
See accompanying notes to financial statements.
THE CITY OF NEW YORK FIDUCIARY FUNDS
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
55
56
T H E C IT Y O F N E W Y O R K
C O M P O N E N T U N IT S
S T A T E M E N T O F N E T P O S IT IO N
JU N E 3 0, 2 01 5
(i n th ou sa nd s)
H ou si n g
H ou si n g D ev el op m en t
W at er a n d A u th or it y C or p or at io n H ea lt h a n d E co n om ic N on m aj or
S ew er D ec em b er 3 1, O ct ob er 3 1, H os p it al s D ev el op m en t C om p on en t
S ys te m 20 14 2 01 4 C or p or at io n C or p or at io n U n it s T ot al
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ _ __ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . .
$ 5 3
$ 6 00 ,5 43
$ 5 70 ,4 51
$ 1 ,2 64 ,9 99
$ 1 06 ,2 89
$ 8 5, 13 5
$ 2, 62 7, 47 0
I nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ,2 12 5 50 ,7 25 3 23 ,6 58 2 49 ,8 68 81 ,8 14 3 65 ,6 24 1 ,5 77 ,9 01
L ea se r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . —
—
—
—
—
1 ,7 18 ,8 18 1 ,7 18 ,8 18
O th er r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . 7 33 ,4 69 2 28 ,6 71 9 87 ,9 83 1 ,6 32 ,9 84 2 61 ,4 62 9 ,1 38 3 ,8 53 ,7 07
M
or tg ag e lo an s an d in te re st r ec ei va bl e, n et
. —
5 8 ,7 70 ,3 68 —
20 ,5 93 —
8 ,7 90 ,9 66
I nv en to ri es . . . . . . . . . . . . . . . . . . . . . . . . . . . —
14 ,8 84 —
20 ,9 09 —
—
35 ,7 93
D ue f ro m P ri m ar y G ov er nm
en t . . . . . . . . . . . 1 19 ,7 56 —
—
—
—
—
1 19 ,7 56
R es tr ic te d ca sh a nd i nv es tm en ts . . . . . . . . . . 2 ,2 80 ,4 01 6 76 ,5 38 2 ,4 44 ,3 99 2 73 ,9 56 2 95 ,7 58 2 82 ,9 52 6 ,2 54 ,0 04
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 ,7 72 1 10 ,1 08 9 ,4 89 —
52 ,0 28 1 ,3 37 2 44 ,7 34
C ap it al a ss et s:
L an d an d co ns tr uc ti on w or k- in -p ro gr es s . . 4 ,5 58 ,2 25 1 ,7 19 ,9 35 —
3 04 ,3 94 1 08 ,4 12 1 62 ,1 97 6 ,8 53 ,1 63
B
ui ld in gs a nd e qu ip m en t . . . . . . . . . . . . . . 3 6, 17 5, 96 6 1 2, 01 5, 19 5 6 ,5 22 7 ,8 62 ,3 41 29 ,4 16 8 60 ,6 59 5 6, 95 0, 09 9
A
cc um
ul at ed d ep re ci at io n . . . . . . . . . . . . . (1 2, 07 0, 07 0) ( 8, 11 5, 14 1) ( 5, 17 8) ( 4, 72 8, 79 4) ( 9, 62 1) ( 16 5, 46 6) ( 25 ,0 94 ,2 70 )
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . 3 1, 87 5, 78 4 7 ,8 01 ,4 63 1 3, 10 7, 69 2 6 ,8 80 ,6 57 9 46 ,1 51 3 ,3 20 ,3 94 6 3, 93 2, 14 1
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
D E F E R R E D O U T F L O W S O F R E S O U R C E S : . . . . . . 1 03 ,2 87 85 ,6 93 12 ,3 35 15 ,3 49 —
18 ,3 17 2 34 ,9 81
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . 3 ,7 50 4 79 ,2 30 6 44 ,6 59 2 ,0 87 ,3 04 2 14 ,2 54 36 ,0 40 3 ,4 65 ,2 37
A cc ru ed i nt er es t pa ya bl e . . . . . . . . . . . . . . . . 57 ,5 35 15 ,8 10 78 ,0 77 12 ,8 70 —
—
1 64 ,2 92
U ne ar ne d re ve nu es
. . . . . . . . . . . . . . . . . . . . 14 9, 22 6 48 ,7 73 77 ,1 73 —
39 ,6 67 52 ,9 25 3 67 ,7 64
D ue t o P ri m ar y G ov er nm
en t . . . . . . . . . . . . . 5 00 ,5 87 —
9 03 ,3 31 7 04 ,9 85 1 11 ,3 83 —
2 ,2 20 ,2 86
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
45 ,0 01 —
5 ,0 61 32 ,7 73 1 28 ,8 51 2 11 ,6 86
D er iv at iv e in st ru m en ts -i nt er es t ra te s w ap s . . 10 3, 18 2 —
—
—
—
18 ,3 17 1 21 ,4 99
N on cu rr en t L ia bi li ti es :
D
ue w it hi n on e ye ar
. . . . . . . . . . . . . . . . . 99 1, 46 2 2 26 ,9 05 8 34 ,9 81 6 08 ,0 96 —
25 ,2 28 2 ,6 86 ,6 72
B
on ds & N ot es P ay ab le ( ne t of a m ou nt
d ue w it hi n on e ye ar ) . . . . . . . . . . . . . . . 2 9, 94 1, 88 1 7 29 ,4 13 8 ,4 05 ,2 92 8 82 ,8 48 —
1 ,7 23 ,6 65 4 1, 68 3, 09 9
N
et P en si on L ia bi li ty . . . . . . . . . . . . . . . . . 1 ,0 12 9 04 ,7 47 9 ,7 30 2 ,3 89 ,3 67 —
—
3 ,3 04 ,8 56
O
P E B l ia bi li ty . . . . . . . . . . . . . . . . . . . . . . 9 89 2 ,8 67 ,5 42 7 ,1 96 4 ,5 63 ,2 68 20 ,4 83 2 55 7 ,4 59 ,7 33
O
th er ( ne t of a m ou nt d ue w it hi n on e ye ar ) 81 ,4 77 6 31 ,7 91 73 ,2 18 —
2 01 ,8 41 4 60 ,9 82 1 ,4 49 ,3 09
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . 3 1, 83 1, 10 1 5 ,9 49 ,2 12 1 1, 03 3, 65 7 1 1, 25 3, 79 9 6 20 ,4 01 2 ,4 46 ,2 63 6 3, 13 4, 43 3
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
D E F E R R E D IN F L O W S O F R E S O U R C E S :
D ef er re d in fl ow
s fr om
p en si on s . . . . . . . . . . 1 99 2 59 ,7 91 2 ,7 94 2 64 ,3 40 —
—
5 27 ,1 24
O th er d ef er re d in fl ow
s of r es ou rc es
. . . . . . . 17 ,9 78 —
—
—
—
—
17 ,9 78
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al d ef er re d in fl ow
s of r es ou rc es . . . . 18 ,1 77 2 59 ,7 91 2 ,7 94 2 64 ,3 40 —
—
5 45 ,1 02
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
N E T P O S IT IO N :
N et i nv es tm en t in c ap it al a ss et s . . . . . . . . . . . (5 98 ,3 49 ) 5 ,3 08 ,8 96 1 ,3 44 2 ,5 26 ,6 17 19 ,7 95 7 63 ,9 63 8 ,0 22 ,2 66
R es tr ic te d fo r:
C
ap it al p ro je ct s . . . . . . . . . . . . . . . . . . . . . —
—
—
—
27 ,6 52 1 ,7 72 29 ,4 24
D
eb t se rv ic e . . . . . . . . . . . . . . . . . . . . . . . . 1 ,2 24 ,9 25 —
1 ,1 17 ,3 81 1 35 ,9 61 —
—
2 ,4 78 ,2 67
L oa ns /s ec ur it y de po si ts . . . . . . . . . . . . . . . —
—
—
—
55 ,9 23 5 ,0 11 60 ,9 34
S ta tu to ry r es er ve
. . . . . . . . . . . . . . . . . . . . — —
—
1 17 ,1 05 —
—
1 17 ,1 05
D
on or r es tr ic ti on s . . . . . . . . . . . . . . . . . . . —
—
—
13 ,2 70 —
—
13 ,2 70
O
pe ra ti on s . . . . . . . . . . . . . . . . . . . . . . . . . 2 26 ,3 83 —
52 ,9 21 —
—
—
2 79 ,3 04
U nr es tr ic te d (d ef ic it ) . . . . . . . . . . . . . . . . . . . ( 72 3, 16 6) ( 3, 63 0, 74 3) 91 1, 93 0 ( 7, 41 5, 08 6) 22 2, 38 0 1 21 ,7 02 ( 10 ,5 12 ,9 83 )
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al n et p os it io n (d ef ic it ) . . . . . . . . . . .
$ 1 29 ,7 93
$ 1 ,6 78 ,1 53
$ 2 ,0 83 ,5 76
$ (4 ,6 22 ,1 33 )
$ 3 25 ,7 50
$ 8 92 ,4 48
$ 48 7, 58 7
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
S ee a cc om
pa ny in g no te s to f in an ci al s ta te m en ts .
57
T H E C IT Y O F N E W Y O R K
C O M P O N E N T U N IT S
S T A T E M E N T O F N E T P O S IT IO N
JU N E 3 0, 2 01 4
(i n th ou sa nd s)
H ou si n g
H ou si n g D ev el op m en t
W at er a n d A u th or it y C or p or at io n H ea lt h a n d E co n om ic N on m aj or
S ew er D ec em b er 3 1, O ct ob er 3 1, H os p it al s D ev el op m en t C om p on en t
S ys te m 20 13 2 01 3 C or p or at io n C or p or at io n U n it s T ot al
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ _ __ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . $
14 ,1 27 $ 85 4, 71 5 $ 70 1, 63 5 $
1, 12 3, 50 8 $ 9 7, 27 8 $
36 2, 77 8 $
3, 15 4, 04 1
I nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ,6 16 4 54 1 07 ,8 41 1 14 ,4 06 76 ,4 99 71 ,6 42 3 77 ,4 58
L ea se r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . —
—
—
—
—
1 ,7 38 ,6 64 1 ,7 38 ,6 64
O th er r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . 7 63 ,9 13 2 73 ,7 38 1 ,0 99 ,8 92 2 ,0 66 ,7 80 3 02 ,4 29 20 ,3 83 4 ,5 27 ,1 35
M
or tg ag e lo an s an d in te re st r ec ei va bl e, n et
. —
5 8 ,8 28 ,6 39 —
36 ,2 82 —
8 ,8 64 ,9 26
I nv en to ri es . . . . . . . . . . . . . . . . . . . . . . . . . . . —
31 ,9 36 —
19 ,7 96 —
—
51 ,7 32
D ue f ro m P ri m ar y G ov er nm
en t . . . . . . . . . . . 23 ,4 14 —
—
—
—
—
23 ,4 14
R es tr ic te d ca sh a nd i nv es tm en ts . . . . . . . . . . 2 ,3 17 ,1 08 8 55 ,9 52 2 ,3 50 ,2 18 2 56 ,0 22 2 91 ,4 99 3 04 ,0 20 6 ,3 74 ,8 19
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 ,1 16 1 09 ,0 47 9 ,7 82 —
65 ,6 46 1 ,2 35 2 51 ,8 26
C ap it al a ss et s:
L an d an d co ns tr uc ti on w or k- in -p ro gr es s . . 6 ,8 12 ,6 07 1 ,7 19 ,0 59 —
2 40 ,3 93 1 08 ,6 93 1 85 ,9 16 9 ,0 66 ,6 68
B
ui ld in gs a nd e qu ip m en t . . . . . . . . . . . . . . 3 2, 63 3, 61 1 1 1, 67 9, 20 7 5 ,8 99 7 ,7 32 ,6 59 21 ,2 96 6 72 ,8 02 5 2, 74 5, 47 4
A
cc um
ul at ed d ep re ci at io n . . . . . . . . . . . . . (1 1, 05 3, 88 9) ( 7, 77 7, 56 9) ( 4, 56 3) ( 4, 46 0, 75 4) ( 7, 64 3) ( 13 8, 67 2) ( 23 ,4 43 ,0 90 )
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . 3 1, 58 3, 62 3 7 ,7 46 ,5 44 1 3, 09 9, 34 3 7 ,0 92 ,8 10 9 91 ,9 79 3 ,2 18 ,7 68 6 3, 73 3, 06 7
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
D E F E R R E D O U T F L O W S O F R E S O U R C E S . . . . . . . 91 ,0 31 88 ,0 09 10 ,8 25 18 ,2 40 —
11 ,9 38 2 20 ,0 43
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . 8 ,7 06 5 55 ,8 91 6 20 ,8 00 2 ,3 55 ,3 70 2 34 ,9 97 38 ,1 30 3 ,8 13 ,8 94
A cc ru ed i nt er es t pa ya bl e . . . . . . . . . . . . . . . . 51 ,8 48 9 ,9 38 73 ,2 95 13 ,7 73 —
—
1 48 ,8 54
U ne ar ne d re ve nu es
. . . . . . . . . . . . . . . . . . . . 13 0, 40 1 28 ,8 36 64 ,6 96 —
33 ,9 67 63 ,8 48 3 21 ,7 48
D ue t o P ri m ar y G ov er nm
en t . . . . . . . . . . . . . 5 22 ,0 36 —
1 ,0 85 ,7 78 3 28 ,9 00 1 11 ,5 79 —
2 ,0 48 ,2 93
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
55 ,5 39 —
5 ,0 61 27 ,4 27 1 17 ,2 27 2 05 ,2 54
D er iv at iv e in st ru m en ts -i nt er es t ra te s w ap s. . . 7 9, 99 7 —
—
—
—
11 ,9 38 91 ,9 35
N on cu rr en t L ia bi li ti es :
D
ue w it hi n on e ye ar
. . . . . . . . . . . . . . . . . 79 1, 95 5 1 66 ,1 56 3 44 ,8 30 5 94 ,3 21 —
24 ,9 42 1 ,9 22 ,2 04
B
on ds & N ot es P ay ab le ( ne t of a m ou nt
du e w it hi n on e ye ar ) . . . . . . . . . . . . . . . 3 0, 14 4, 75 5 7 69 ,0 18 9 ,1 61 ,5 44 9 41 ,2 89 —
1 ,7 51 ,4 89 4 2, 76 8, 09 5
N
et P en si on L ia bi li ty . . . . . . . . . . . . . . . . . 9 01 1 ,1 58 ,5 06 12 ,4 59 2 ,0 87 ,4 86 —
—
3 ,2 59 ,3 52
O
P E B l ia bi li ty . . . . . . . . . . . . . . . . . . . . . . 9 51 2 ,8 90 ,8 32 5 ,5 39 4 ,7 14 ,7 23 20 ,1 66 3 94 7 ,6 32 ,6 05
O
th er ( ne t of a m ou nt d ue w it hi n on e ye ar ) 1 01 ,6 33 4 54 ,2 45 —
—
2 12 ,8 26 4 53 ,5 60 1 ,2 22 ,2 64
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . 3 1, 83 3, 18 3 6 ,0 88 ,9 61 1 1, 36 8, 94 1 1 1, 04 0, 92 3 6 40 ,9 62 2 ,4 61 ,5 28 6 3, 43 4, 49 8
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
D E F E R R E D IN F L O W S O F R E S O U R C E S :
D ef er re d in fl ow
s fr om
p en si on s . . . . . . . . . . 2 72 80 ,0 53 8 61 7 23 ,9 07 —
—
8 05 ,0 93
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al d ef er re d in fl ow
s of r es ou rc es . . . . 2 72 80 ,0 53 8 61 7 23 ,9 07 —
—
8 05 ,0 93
_ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
N E T P O S IT IO N :
N et i nv es tm en t in c ap it al a ss et s . . . . . . . . . . . (7 71 ,1 65 ) 5 ,3 71 ,3 85 1 ,3 36 2 ,5 56 ,6 02 13 ,6 53 6 57 ,6 97 7 ,8 29 ,5 08
R es tr ic te d fo r:
C
ap it al p ro je ct s . . . . . . . . . . . . . . . . . . . . . —
—
—
—
35 ,5 18 5 12 36 ,0 30
D
eb t se rv ic e . . . . . . . . . . . . . . . . . . . . . . . . 1 ,1 45 ,5 05 —
1 ,0 16 ,1 56 1 37 ,4 69 —
—
2 ,2 99 ,1 30
L oa ns /s ec ur it y de po si ts . . . . . . . . . . . . . . . —
—
—
—
55 ,1 69 3 ,7 51 58 ,9 20
S ta tu to ry r es er ve
. . . . . . . . . . . . . . . . . . . . — —
—
87 ,8 83 —
—
87 ,8 83
D
on or r es tr ic ti on s . . . . . . . . . . . . . . . . . . . —
—
—
12 ,6 43 —
—
12 ,6 43
O
pe ra ti on s . . . . . . . . . . . . . . . . . . . . . . . . . 2 21 ,4 40 —
49 ,6 21 —
—
—
2 71 ,0 61
U nr es tr ic te d (d ef ic it ) . . . . . . . . . . . . . . . . . . . ( 75 4, 58 1) ( 3, 70 5, 84 6) 67 3, 25 3 ( 7, 44 8, 37 7) 24 6, 67 7 1 07 ,2 18 ( 10 ,8 81 ,6 56 )
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al n et p os it io n (d ef ic it ) . . . . . . . . . . . $
(1 58 ,8 01 ) $
1, 66 5, 53 9 $ 1, 74 0, 36 6 $
(4 ,6 53 ,7 80 ) $
35 1, 01 7 $
76 9, 17 8 $
(2 86 ,4 81 )
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
S ee a cc om
pa ny in g no te s to f in an ci al s ta te m en ts .
58
T H E C IT Y O F N E W Y O R K
C O M P O N E N T U N IT S
S T A T E M E N T O F A C T IV IT IE S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
H ou si n g
H ou si n g D ev el op m en t
W at er a n d A u th or it y C or p or at io n H ea lt h a n d E co n om ic N on m aj or
S ew er D ec em b er 3 1, O ct ob er 3 1, H os p it al s D ev el op m en t C om p on en t
S ys te m 20 14 2 01 4 C or p or at io n C or p or at io n U n it s T ot al
_ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __
_ __ ___ __ __ __
__ __ __ __ __ __ _
E X P E N S E S . . . . . . . . . . . . . . . . . . . . . . . . . .
$3 ,9 12 ,4 13
$3 ,5 11 ,8 18
$ 2 29 ,8 86
$ 8, 34 2, 67 2
$7 44 ,3 43
$ 18 8, 32 8
$1 6, 92 9, 46 0
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
P R O G R A M R E V E N U E S :
C ha rg es f or s er vi ce s . . . . . . . . . . . . . . . . 3 ,7 91 ,1 35 9 56 ,8 15 32 6, 14 3 7 ,5 35 ,2 97 2 50 ,1 80 8 1, 67 5 12 ,9 41 ,2 45
O pe ra ti ng g ra nt s an d co nt ri bu ti on s . . . . —
2 ,1 35 ,2 45 —
5 26 ,6 73 65 ,0 02 1 2, 00 3 2 ,7 38 ,9 23
C ap it al g ra nt s, c on tr ib ut io ns a nd o th er . . 22 3, 79 1 3 30 ,5 48 —
1 06 ,9 15 3 65 ,5 98 12 1, 84 4 1 ,1 48 ,6 96
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
T ot al p ro gr am
r ev en ue s . . . . . . . . . . 4, 01 4, 92 6 3 ,4 22 ,6 08 32 6, 14 3 8 ,1 68 ,8 85 6 80 ,7 80 21 5, 52 2 16 ,8 28 ,8 64
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
N et ( ex pe ns es ) pr og ra m r ev en ue s . . . . . 10 2, 51 3 ( 89 ,2 10 ) 96 ,2 57 ( 17 3, 78 7) (6 3, 56 3) 27 ,1 94 ( 10 0, 59 6)
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
G E N E R A L R E V E N U E S :
In ve st m en t in co m e (l os s) . . . . . . . . . . . . 22 ,4 26 7 ,6 68 20 4, 14 2 2, 88 4 9 69
( 3, 07 9) 2 35 ,0 10
U nr es tr ic te d F ed er al a nd S ta te a id . . . . . — —
—
—
4 ,7 44 —
4, 74 4
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 63 ,6 55 94 ,1 56 4 2, 81 1 2 02 ,5 50 32 ,5 83 9 9, 15 5 6 34 ,9 10
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
T ot al g en er al r ev en ue
. . . . . . . . . . . 18 6, 08 1 1 01 ,8 24 24 6, 95 3 2 05 ,4 34 38 ,2 96 9 6, 07 6 8 74 ,6 64
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
C ha ng e in n et p os it io n (d ef ic it ) . . 2 88 ,5 94 12 ,6 14 34 3, 21 0 3 1, 64 7 ( 25 ,2 67 ) 1 23 ,2 70
7 74 ,0 68
N et p os it io n (d ef ic it )—
be gi nn in g . . . . . ( 15 8, 80 1) 1, 66 5, 53 9 1, 74 0, 36 6 ( 4, 65 3, 78 0) 35 1, 01 7 76 9, 17 8 ( 28 6, 48 1)
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
N et p os it io n (d ef ic it )—
en di ng
. . . . . . . .
$ 1 29 ,7 93
$1 ,6 78 ,1 53
$2 ,0 83 ,5 76
$( 4, 62 2, 13 3)
$3 25 ,7 50
$ 89 2, 44 8
$ 4 87 ,5 87
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ _ ___ ____ ___ ___ __ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
S ee a cc om
pa ny in g no te s to f in an ci al s ta te m en ts .
59
T H E C IT Y O F N E W Y O R K
C O M P O N E N T U N IT S
S T A T E M E N T O F A C T IV IT IE S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
H ou si n g
H ou si n g D ev el op m en t
W at er a n d A u th or it y C or p or at io n H ea lt h a n d E co n om ic N on m aj or
S ew er D ec em b er 3 1, O ct ob er 3 1, H os p it al s D ev el op m en t C om p on en t
S ys te m 20 13 2 01 3 C or p or at io n C or p or at io n U n it s T ot al
_ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __
_ __ ___ __ __ __
__ __ __ __ __ __ _
E X P E N S E S . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3, 67 6, 96 6 $ 3, 60 5, 74 0 $
21 7, 50 4 $
8, 13 6, 11 0 $ 86 5, 53 3 $ 18 6, 44 4 $ 16 ,6 88 ,2 97
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
P R O G R A M R E V E N U E S :
C ha rg es f or s er vi ce s . . . . . . . . . . . . . . . . 3 ,6 84 ,2 75 9 19 ,9 73 26 9, 82 8 7 ,2 64 ,1 25 2 92 ,0 53 8 8, 92 5 12 ,5 19 ,1 79
O pe ra ti ng g ra nt s an d co nt ri bu ti on s . . . . —
2 ,0 10 ,9 03 —
2 85 ,7 63 68 ,6 21 1 1, 79 1 2 ,3 77 ,0 78
C ap it al g ra nt s, c on tr ib ut io ns a nd o th er
. 9 ,7 99 5 04 ,2 26 —
3 13 ,9 04 4 73 ,5 22 16 3, 55 6 1 ,4 65 ,0 07
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
T ot al p ro gr am
r ev en ue s . . . . . . . . . . 3, 69 4, 07 4 3 ,4 35 ,1 02 26 9, 82 8 7 ,8 63 ,7 92 8 34 ,1 96 26 4, 27 2 16 ,3 61 ,2 64
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
N et ( ex pe ns es ) pr og ra m r ev en ue s . . . . . 1 7, 10 8 (1 70 ,6 38 ) 52 ,3 24 ( 27 2, 31 8) (3 1, 33 7) 77 ,8 28 ( 32 7, 03 3)
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
G E N E R A L R E V E N U E S :
In ve st m en t in co m e (l os s) . . . . . . . . . . . . 50 ,1 48 4 ,5 17
( 6, 02 3) 4 ,2 97 1 ,1 17
( 3, 56 9) 50 ,4 87
U nr es tr ic te d F ed er al a nd S ta te a id . . . . . — —
—
—
2 ,9 40 —
2, 94 0
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 57 ,8 42 1 84 ,3 27 4 3, 50 2 4 55 ,1 29 54 ,2 94 9 9, 70 5 1 ,0 94 ,7 99
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
T ot al g en er al r ev en ue
. . . . . . . . . . . 30 7, 99 0 1 88 ,8 44 3 7, 47 9 4 59 ,4 26 58 ,3 51 9 6, 13 6 1 ,1 48 ,2 26
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
C ha ng e in n et p os it io n (d ef ic it ) . . 3 25 ,0 98 18 ,2 06 8 9, 80 3 1 87 ,1 08 27 ,0 14 17 3, 96 4 8 21 ,1 93
N et p os it io n (d ef ic it )—
be gi nn in g . . . . . ( 48 3, 89 9) 2, 82 7, 46 1 1, 66 4, 13 5 ( 4, 84 0, 88 8) 32 4, 00 3 59 5, 21 4 8 6, 02 6
R es ta te m en t o f be gi nn in g ne tp os it io n (d ef ic it ) —
(1 ,1 80 ,1 28 ) ( 13 ,5 72 ) — —
— ( 1, 19 3, 70 0)
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
N et p os it io n (d ef ic it )—
en di ng
. . . . . . . . $
(1 58 ,8 01 ) $1 ,6 65 ,5 39 $ 1, 74 0, 36 6 $ (4 ,6 53 ,7 80 ) $3 51 ,0 17 $ 76 9, 17 8 $
(2 86 ,4 81 )
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ____ ___ ___ ___ ___ __ ___ ___ ____ ___ ___ ___ __ ____ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _
S ee a cc om
pa ny in g no te s to f in an ci al s ta te m en ts .
A. SUMMARY OF SIGNIFICANTACCOUNTING POLICIES
The accompanying basic financial statements of The City of New York (City or primary government) are presented in conformity with Generally Accepted Accounting Principles (GAAP) for state and local governments in the United States of America as prescribed by the Governmental Accounting Standards Board (GASB). The amounts shown in the “City” and “component units” columns of the accompanying government-wide financial statements are only presented to facilitate financial analysis and are not the equivalent of consolidated financial statements.
The following is a summary of the significant accounting policies and reporting practices of the City:
1. Reporting Entity
The City is a municipal corporation governed by the Mayor and the City Council. The City’s operations also include those normally performed at the county level and, accordingly, transactions applicable to the operations of the five counties that comprise the City are included in these financial statements.
The financial reporting entity consists of the City and its component units, which are legally separate organizations for which the City is financially accountable.
The City is financially accountable for the organizations that make up its legal entity. It is also financially accountable for legally separate organizations if City officials appoint a voting majority of an organization’s governing body and, either the City is able to impose its will on that organization, or there is a potential for the organization to provide specific financial benefits to, or to impose specific financial burdens on, the City. The City may also be financially accountable for organizations that are fiscally dependent on the City if there is a potential for the organizations to provide specific financial benefits to the City or impose specific financial burdens on the City, regardless of whether the organizations have separate elected governing boards, governing boards appointed by higher levels of government, or jointly appointed boards. The City is financially accountable for all of its component units.
Most component units are included in the financial reporting entity by discrete presentation. Some component units, despite being legally separate from the City, are so integrated with the City that they are in substance part of the City. These component units are blended with the City.
The New York City Transit Authority is an affiliated agency of the Metropolitan Transportation Authority of the State of New York, which is a component unit of New York State and is thus excluded from the City’s financial reporting entity.
Blended Component Units
These component units, although legally separate, are reported as if they were part of the City, because they provide services exclusively to the City. They include the following:
New York City Transitional Finance Authority (TFA). TFA, a corporate governmental agency constituting a public benefit corporation and instrumentality of the State of New York, was created in 1997 to issue and sell bonds and notes to fund a portion of the capital program of the City, the purpose of which is to maintain, rebuild, and expand the infrastructure of the City and to pay TFA’s administrative expenses.
TFA is authorized to have outstanding $13.5 billion of Future Tax Secured Bonds. In addition, TFA is authorized to issue additional Future Tax Secured Bonds provided that the amount of such additional bonds, together with the amount of indebtedness contracted by the City, does not exceed the debt limit of the City. TFA is also allowed to issue up to 20 percent of its total outstanding Future Tax Secured Bonds as variable rate bonds. As of June 30, 2015, the City’s and TFA’s combined debt-incurring capacity was approximately $21.7 billion. TFA is also authorized to have outstanding Recovery Bonds of $2.5 billion to fund the City’s costs related to, and arising from, events on September 11, 2001 at the World Trade Center, notwithstanding the limits discussed above. Further, legislation enacted in April 2006 enables TFA to have outstanding up to $9.4 billion of Building Aid Revenue Bonds (BARBs), notes, or other obligations for purposes of funding costs of the five-year educational facilities capital plan for the City school system and TFA’s administrative expenditures. As of June 30, 2015, $7.4 billion of BARBs have been issued and are outstanding.
TFA does not have any employees; its affairs are administered by employees of the City and of another component unit of the City, for which TFA pays a management fee and overhead based on its allocated share of personnel and overhead costs.
60
THE CITY OF NEW YORK NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2015 and 2014
TSASC, Inc. (TSASC). TSASC is a special purpose, local development corporation organized under the not-for-profit corporation law of the State of New York. TSASC is an instrumentality of the City, but is a separate legal entity from the City.
Pursuant to a purchase and sale agreement with the City, the City sold to TSASC all of its future right, title, and interest in the tobacco settlement revenues (TSRs) under the Master Settlement Agreement and the Decree and Final Judgment. This settlement agreement resolved cigarette smoking-related litigation between the settling states and participating manufacturers, released the participating manufacturers from past and present smoking-related claims, and provides for a continuing release of future smoking- related claims in exchange for certain payments to be made to the settling states, as well as certain tobacco advertising and marketing restrictions, among other things. The City is allocated a share of the TSRs received by New York State. The future rights, title, and interest of the City to the TSRs were sold to TSASC.
The purchase price of the City’s future right, title, and interest in the TSRs was financed by the issuance of a series of bonds and the Residual Certificate.
Under the Amended and Restated Indenture dated January 1, 2006 (Indenture), the Residual Certificate represents the entitlement to receive all amounts in excess of specified percentages of TSRs and other revenues (Collections) used to fund debt service and operating expenses of TSASC. The Collections in excess of the specified percentages will be transferred to the TSASC Tobacco Settlement Trust (Trust), as owner of the Residual Certificate and then to the City as the beneficial owner of the Trust.
The Indenture provides that a specified percentage of Collections are pledged (Pledged), and required to be applied to the payment of debt service and operating costs. The Pledged percentage is 37.40% and is subject to reduction at June 1, 2024, and at each June 1st thereafter, depending on the magnitude of cumulative bond redemptions under the turbo redemption feature of Series 2006-1 bonds (which requires all Pledged Collections, after payment of operating costs, to be applied to payment of principal of and interest on Series 2006-1 bonds).
TSASC does not have any employees; its affairs are administered by employees of the City and of another component unit of the City, for which TSASC pays a management fee, rent, and overhead based on its allocated share of personnel and overhead costs.
New York City Educational Construction Fund (ECF). ECF was created in 1967 as a corporate governmental agency of the State of New York, constituting a public benefit corporation. ECF was established to develop combined occupancy structures containing school and nonschool portions. ECF was created by the Education Law of the State and is authorized to issue bonds, notes, or other obligations to finance those projects.
New York City School Construction Authority (SCA). SCA is a public benefit corporation created by the New York State Legislature in 1988. SCA’s responsibilities as defined in the enabling legislation, are the design, construction, reconstruction, improvement, rehabilitation and repair of the City’s public schools. SCA is governed by a three-member Board of Trustees all of whom are appointed by the Mayor, which includes the Schools Chancellor of the City, who serves as the Chairman.
SCA’s operations are funded by appropriations made by the City, which are based on a five-year capital plan (Plan), developed by the New York City Department of Education (DOE). The City’s Plan for the fiscal years 2015 through 2019 anticipates City appropriations of $13.47 billion.
SCA carries out certain projects funded by the City Council and Borough Presidents, pursuant to the City Charter.
As SCA represents a pass-through entity, in existence for the sole purpose of construction capital projects, all expenditures are capitalized into construction-in-progress. Upon completion of projects, the assets are transferred to DOE.
Fiscal Year 2005 Securitization Corporation (FSC). FSC was established in 2004 as a special purpose, bankruptcy-remote, local development corporation organized under the not-for-profit corporation law of the State of New York. FSC is a financing instrumentality of the City, but is a separate legal entity from the City. FSC was formed for the purpose of issuing bonds; a major portion of the proceeds of $499 million of bonds issued in December 2004 was used to acquire securities held in an escrow account securing City General Obligation Bonds of the City. The securities, which are held in a trust by the trustee for FSC, as they mature, are expected to generate sufficient cash flow to fund the debt service and operational expenditures of FSC for the life of FSC’s bonds.
FSC does not have any employees; its affairs are administered by employees of the City and of another component unit of the City, for which FSC pays a management fee and overhead based on its allocated share of personnel and overhead costs.
61
NOTES TO FINANCIAL STATEMENTS, Continued
Sales Tax Asset Receivable Corporation (STAR). STAR is a special purpose, bankruptcy remote, local development corporation organized under the not-for-profit corporation law of the State of New York. STAR is a financing instrumentality of the City, but separate and apart from the City.
Section 3238-a of the New York State Public Authorities Law, which terminates on July 1, 2034, requires that $170 million be paid annually by the New York State Local Government Assistance Corporation to the City or its assignee. STAR used the proceeds of its November 4, 2004 bond issue (2005 Series A and B) to provide for the payment of the principal and interest and redemption premium, if any, on all outstanding bonds of the Municipal Assistance Corporation for The City of New York (MAC) and to reimburse the City for amounts retained by MAC since July 1, 2003 for debt service. The payment of the outstanding MAC bonds resulted in the receipt by the City of tax revenues that would otherwise have been paid to MAC for the payment of debt service on MAC’s bonds.
On October 15, 2014, STAR issued $2 billion of bonds (2015 Series A and B) and released the debt service reserve, which along with the proceeds allowed STAR to refund all of its outstanding 2005 Series A and B bonds and make a payment to TFA to defease its debt and which is intended to confer savings to the City over the following four years.
STAR does not have any employees; its affairs are administered by employees of the City and of another component unit of the City, for which STAR pays a management and overhead fee based on its allocated share of personnel and overhead costs. STAR is governed by a Board of Directors elected by its six members, all of whom are officials of the City.
Hudson Yards Development Corporation (HYDC). HYDC, a local development corporation organized by the City under the not-for-profit corporation law of the State of New York, began operations in 2005 to manage and implement the City’s economic development initiative for the development and redevelopment activities (Project) of the Hudson Yards area on the West Side of Manhattan (Project Area). HYDC is governed by a Board of thirteen Directors, a majority of whom are appointed by the Mayor. HYDC works with various City and State agencies and authorities, and with private developers, on the design, construction and implementation of the various elements of the Project, and to further private development and redevelopment of the Project Area.
Hudson Yards Infrastructure Corporation (HYIC). HYIC, a local development corporation organized by the City under the not-for-profit corporation law of the State of New York, began operations in 2005 for the purpose of financing certain infrastructure improvements in the Hudson Yards area on the West Side of Manhattan (Project). HYIC does not engage in development directly, but finances development spearheaded by HYDC and carried out by existing public entities. HYIC fulfills its purpose through the issuance of bonds to finance the Project, including the operations of HYDC, and by collecting revenues, including payments in lieu of taxes and district improvement bonuses from private developers and appropriations from the City, to support its operations and pay principal and interest on its outstanding bonds. HYIC is governed by a Board of Directors elected by its five Members, all of whom are officials of the City. HYIC’s Certificate of Incorporation requires the vote of an independent director as a condition to taking certain actions; the independent director would be appointed by the Mayor prior to any such actions.
HYIC does not have any employees; its affairs are administered by employees of the City and of another component unit of the City, for which HYIC pays a management fee and overhead based on its allocated share of personnel and overhead costs.
New York City Tax Lien Trusts (NYCTLTs). The NYCTLTs are Delaware statutory trusts, which were created to acquire certain tax liens from the City in exchange for the proceeds from bonds issued by the NYCTLTs, net of reserves funded by the bond proceeds and bond issuance costs. The City is the sole beneficiary to the NYCTLTs and is entitled to receive distributions from the NYCTLTs after payments to the bondholders and certain reserve requirements have been satisfied. The NYCTLTs do not have any employees. The NYCTLTs’ affairs are administered by the owner trustee, its program manager, tax lien servicer, paying agent and investment custodian.
The NYCTLTs are: • NYCTLT 1998-2 • NYCTLT 2011-A • NYCTLT 2012-A • NYCTLT 2013-A • NYCTLT 2014-A • NYCTLT 2015-A
NYC Technology Development Corporation (TDC). TDC is a type C not-for-profit corporation organized under the not-for- profit law of the State of New York. TDC’s contract with the City was registered on December 24, 2012, and began operations on January 1, 2013. For fiscal year 2016, a one year contract renewal was registered to be effective on July 1, 2015. Pursuant to this contract, TDC receives quarterly payments from the City that cover its projected expenses for the forthcoming quarter and those contractual payments are TDC’s sole source of revenue.
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TDC was incorporated for the purpose of enhancing the City’s ability to effectively manage and deploy information technology (IT) projects through (i) attracting, developing and retaining highly experienced and skilled IT professionals; (ii) successfully delivering large, critical and cross-agency IT projects in a timely and cost-effective manner; (iii) providing a common framework, resources, best practices and diagnostics for large IT projects; and (iv) providing and supporting citywide governance over IT programs, environments and services.
Under its contract with the City, TDC provides four broad categories of program services: (i) senior management services; (ii) solution architect services; (iii) multi-agency vendor management services; and (iv) portfolio management and additional IT consulting services.
TDC is governed by a Board of Directors appointed by the Mayor. The Board may have up to seven members and is required to have a minimum of three members.
Discretely Presented Component Units
All discretely presented component units are legally separate from the City. These entities are reported as discretely presented component units because the City appoints a majority of these organizations’ boards, and is able to impose its will on them or a financial benefit/burden situation exists; or if they are fiscally dependent on the City and a financial benefit or burden relationship also exists regardless of city control.
The component units column in the government-wide financial statements includes the financial data of these entities, which are reported in a separate column to emphasize that they are legally separate from the City. They include the following:
New York City Health and Hospitals Corporation (HHC). HHC, a public benefit corporation, assumed responsibility for the operation of the City’s municipal hospital system in 1970. HHC provides the full continuum of care including primary and specialty care, inpatient acute, outpatient, long-term care, and home health services.
HHC’s financial statements include the accounts of HHC and its blended component units, HHC Insurance Company, Inc., HHC Capital Corporation, HHC Physicians Purchasing Group, Inc., HHC Risk Services Corporation, HHC ACO Inc. and HHC Assistance Corporation. HHC’s Financial Statements also include MetroPlus, a discretely presented component unit.
HHC mainly provides, on behalf of the City, comprehensive medical and mental health services to City residents regardless of ability to pay. Funds appropriated from the City are direct or indirect payments made by the City on behalf of HHC for patient care rendered to prisoners, uniformed City employees and various discretely funded facility-specific programs; for interest on City General Obligation debt which funded HHC capital acquisitions; for funding for collective bargaining agreements; and for settlements of claims for medical malpractice, negligence, other torts, and alleged breach of contracts and payments by the City. Reimbursement by HHC is negotiated annually with the City.
New York City Housing Development Corporation (HDC). HDC, a corporate governmental agency constituting a public benefit corporation of the State of New York, was established in 1971 to encourage the investment of private capital through low-interest mortgage loans in order to increase the supply of safe and sanitary dwelling accommodations for families and persons whose need for housing accommodations cannot be provided by unassisted private enterprise. To accomplish its objectives HDC is empowered to finance housing through new construction or rehabilitation and to provide permanent financing for multi-family residential housing. HDC finances significant amounts of its activities through the issuance of bonds, notes and debt obligations. The bonds, notes and debt obligations of HDC are not debts of either the State or the City. The combined financial statements include: (i) the accounts of HDC and (ii) two active discretely presented component units: the New York City Housing Assistance Corporation and the New York City Residential Mortgage Insurance Corporation. HDC also includes the Housing New York Corporation, which became an inactive subsidiary of HDC on November 3, 2003 and is not expected to be dissolved, and the NYC HDC Real Estate Owned Corporation, a blended component of HDC that has not been active in recent years.
New York City Housing Authority (HA). HA is a public benefit corporation created in 1934 under the New York State Public Housing Law. HA develops, constructs, manages, and maintains affordable housing for eligible low income families in the City. HA also maintains a leased housing program, which provides housing assistance payments to families.
Substantial operating losses result from the essential services that HA provides exceeding revenues, and such operating losses will continue in the foreseeable future. To meet the funding requirements of these operating losses, HA receives subsidies from: (a) the Federal government, primarily the U.S. Department of Housing and Urban Development, in the form of annual grants for operating assistance, debt service payments, contributions for capital, and reimbursement of expenditures incurred for certain Federal housing
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programs; (b) New York State in the form of debt service and capital payments; and (c) the City in the form of debt service and capital payments. Subsidies are established through budgetary procedures, which establish amounts to be funded by the grantor agencies.
New York City Industrial Development Agency (IDA). IDA is a public benefit corporation established in 1974 to actively promote, retain, attract, encourage, and develop an economically sound commerce and industry base to prevent unemployment and economic deterioration in the City. IDA assists industrial, commercial, and not-for-profit organizations in obtaining long- term, low-cost financing for Capital Assets through a financing transaction, which includes the issuance of double and triple tax- exempt industrial development bonds (IDBs). The participating organizations, in addition to satisfying legal requirements under IDA’s governing laws, must meet certain economic development criteria, the most important of which is job creation and/or retention. The straight lease provides tax benefits to the participants to incentivize the acquisition and capital improvement of their facilities. Whether IDA issues IDBs or enters into a straight lease, IDA may provide one or more of the following tax benefits: exemption from mortgage recording tax; payments in lieu of real property tax that are less than full taxes; and exemption from City and State sales and use taxes as applied to construction materials, machinery and equipment. IDA is governed by a Board of Directors, which establishes official policies and reviews and approves requests for financing assistance. Its membership is prescribed by statute and includes public officials and mayoral appointees.
New York City Economic Development Corporation (EDC). EDC was organized under the New York State not-for profit Corporation law. EDC’s financial statements include the assets, liabilities, net position and financial activities of EDC. Apple Industrial Development Corporation, formerly a component unit of EDC, merged with EDC on October 1, 2014. EDC renders a variety of services and administers certain economic development programs on behalf of the City, relating to attraction, retention, and expansion of commerce and industry in the City. These services and programs include encouragement of construction, acquisition, rehabilitation, and improvement of commercial and industrial enterprises within the City, and provision of grants to qualifying business enterprises as a means of helping to create and retain employment therein.
Business Relocation Assistance Corporation (BRAC). BRAC is a not-for-profit corporation incorporated in 1981 according to the not-for-profit corporation law of the State of New York for the purpose of implementing and administering the Relocation Incentive Program (RIP) and other related programs. BRAC provides relocation assistance to qualifying commercial and manufacturing firms moving within the City.
All conversion contributions received by BRAC under previous zoning regulations are restricted for the use of administering industrial retention/relocation programs. One such program, the Industrial Relocation Grant Program, provides grants up to $30,000 to eligible New York City manufacturing firms to defray their moving costs. Grants are paid as reimbursement of moving costs after a firm completes its relocation. This program will continue to operate only with the current accumulated net position now available.
In FiscalYear 2007, BRAC had received $1.5 million in contributions from EDC to administer the Greenpoint Relocation Program. This program is intended to help defray relocation costs for those manufacturing and industrial firms that may need to relocate due to the rezoning of the Greenpoint-Williamsburg area of Brooklyn by providing for maximum grants of $50,000. As of June 30, 2015, the BRAC fund was valued at $.4 million, and grants for both Industrial Relocation Grant and Greenpoint Relocation Program will be available until funds are exhausted.
Brooklyn Navy Yard Development Corporation (BNYDC). BNYDC was organized in 1966 as a not-for-profit corporation according to the not-for-profit corporation law of the State of New York. The primary purpose of BNYDC is to provide economic rehabilitation in Brooklyn, to revitalize the economy, and create job opportunities. In 1971, BNYDC leased the Brooklyn Navy Yard from the City for the purpose of rehabilitating it and attracting new businesses and industry to the area. That lease was amended, restated and the term extended by a lease commencing July 1, 2012, for a period of 49 years with five 10-year extension periods. The Mayor appoints the majority of the members of BNYDC’s Board of Directors.
New York City Water and Sewer System (the System). The System provides water supply, treatment and distribution, and sewage collection, treatment, and disposal for the City and began operations in July, 1985. The System is a joint operation consisting of two legally separate and independent entities. The New York City Municipal Water Finance Authority (Water Authority) is a public benefit corporation created in accordance with the New York City Municipal Water Finance Act in 1984. The New York City Water Board (Water Board) was created by the laws of 1984. The Water Authority issues bonds or notes to finance the cost of capital improvements and to refund all outstanding bonds and general obligation bonds of the City issued for water and sewer purposes. The Water Board leases the System from the City and fixes and collects rates, fees, rents and other charges for the use of, or for services furnished, or made available by, the System to produce cash sufficient to pay debt service on the Water Authority’s bonds and to put the System on a self-sustaining basis. The physical operation and capital improvements of
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the System are performed by the City’s Department of Environmental Protection subject to contractual agreements with the Water Authority and the Water Board.
WTC Captive Insurance Company, Inc. (WTC Captive). WTC Captive is a not-for-profit corporation incorporated in the State of New York in 2004 in response to the events of September 11, 2001. WTC Captive was funded with $999.9 million in funds by the Federal Emergency Management Agency (FEMA) and used this funding to support a liability insurance contract (Contract) that provides specified coverage (general liability, environmental liability, professional liability, and marine liability) against certain third-party claims made against the City and approximately 145 contractors and subcontractors working on the City’s FEMA-funded debris removal project. Coverage is provided on both an excess of loss and first dollar basis, depending on the line of coverage. WTC Captive uses deposit accounting, which is applicable when no insurance risk is transferred in an insurance contract. Additionally, as all of WTC Captive’s resources must be used to satisfy obligations under the Contract or returned, it reports only changes to its liabilities and no net position. See also Judgements and Claims in Note E5.
Brooklyn Bridge Park Corporation (BBPC). BBPC is a not-for-profit corporation incorporated in the State of New York in 2010. BBPC was formed for the purposes of lessening the burdens of government by further developing and enhancing the economic vitality of the Brooklyn waterfront through the development, operation, and maintenance of a renovated waterfront area, including a public park, which serves the people of the New York City region. BBPC is responsible for the planning, construction, maintenance, and operation of Brooklyn Bridge Park, an 85 acre sustainable water front park stretching 1.3 miles along Brooklyn’s East River shoreline. The majority of BBPC’s funding comes from a limited number of revenue-generating development sites within the project’s footprint. BBPC is governed by a 17-member Board of Directors appointed by the Mayor, the Governor of New York State and local elected officials.
Governors Island Corporation, doing business as The Trust for Governors Island (TGI), is a not-for-profit corporation incorporated in the State of New York in 2010. TGI was formed for the purposes of lessening the burdens of government by providing the planning, preservation, redevelopment and ongoing operations and maintenance of approximately 150 acres of Governors Island plus surrounding lands underwater. TGI opened 30 acres of new park space in 2014 and is proceeding with an ambitious infrastructure program to ready the Island for expanded tenancy and activity. TGI receives funding from the City and State of New York. TGI is governed by a 13-member Board of Directors appointed by the Mayor and nominated by the Mayor, the Governor of the State of New York, and local officials.
Build NYC Resource Corporation (Build NYC). Build NYC is a local development corporation organized under the not-for- profit Corporation law of New York State to assist entities eligible under the Federal tax laws in obtaining tax-exempt bond and taxable bond financing; it began operating in 2011. Build NYC’s primary goal is to facilitate access to private activity tax-exempt bond financing for eligible entities to acquire, construct, renovate, and/or equip their facilities as well as refinance previous financing transactions. Build NYC is governed by a Board of Directors, comprised of public officials and appointees of the Mayor.
New York City Land Development Corporation (LDC). LDC was formed on May 8, 2012, as a local development corporation organized under the not-for-profit law of New York State. LDC assists the City with leasing and selling certain properties for the purpose of economic development. The mission of LDC is to encourage economic growth throughout the five boroughs of the City by acquiring City-owned property and disposing of it to strengthen the City’s competitive position and facilitate investments that build capacity, generate economic opportunity and improve the quality of life.
New York City Neighborhood Capital Corporation (NYCNCC). NYCNCC was incorporated in July of 2014 under Section 402 of the not-for-profit Corporation Law of the State of New York. NYCNCC was formed for the following purposes: a) to make qualified low income community investments in the service area of the City, b) to operate as a qualified Community Development Entity (CDE) under the Federal new markets tax credit program, c) to form and manage subsidiary limited liability companies which are certified as CDEs to receive equity contributions, which will be utilized primarily to make qualified low-income community investments, and d) to engage in all activities consistent with the business of NYCNCC.
Note: All of the component units publish separate annual financial statements, which are available at: Office of the Comptroller, Bureau of Accountancy—Room 200 South, 1 Centre Street, New York, New York 10007, or at www.comptroller.nyc.gov.
2. Basis of Presentation
Government-Wide Statements: The government-wide financial statements (the Statement of Net Position and the Statement of Activities) display information about the City and its component units. These statements include the financial activities of the overall government except for fiduciary activities. Eliminations of internal activity have been made in these statements. The City is reported separately from certain legally separate component units, for which the City is financially accountable. All of the activities of the City are governmental activities.
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The Statement of Activities presents a comparison between program expenses, which include allocated indirect expenses, and program revenues for each function of the City’s governmental activities. Direct expenses are those that are clearly identifiable with a specific function. Program revenues include: (i) charges for services such as rental revenue from operating leases on markets, ports, and terminals and (ii) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or program. Taxes and other revenues, not properly included among program revenues, are reported as general revenues.
Fund Financial Statements: The fund financial statements provide information about the City’s funds, including blended component units. Separate statements for the governmental and fiduciary fund categories are presented. The emphasis of fund financial statements is on major governmental funds, each displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds.
The City uses funds to report on its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts.
The City’s funds are classified into two categories: governmental and fiduciary; each category, in turn, is divided into separate “fund types.” The City has no proprietary funds, only proprietary component units.
The City reports the following major governmental funds:
General Fund. This is the general operating fund of the City. Substantially all tax revenues, Federal and State aid (except aid for capital projects), and other operating revenues are accounted for in the General Fund. This fund also accounts for expenditures and transfers as appropriated in the expense budget, which provides for the City’s day-to-day operations, including transfers to Debt Service Funds for payment of long-term liabilities. The fund balance in the General Fund is reported as nonspendable.
Capital Projects Fund. This fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets. Capital Projects Funds exclude capital-related outflows financed by component unit proprietary funds or for assets that will be held in trust for individuals, private organizations, or other governments. Resources of the Capital Projects Fund are derived principally from proceeds of City and TFA bond issues, payments from the Water Authority, and from Federal, State, and other aid.
General Debt Service Fund. This fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures for principal and interest. This fund, into which payments of real estate taxes and other revenues are deposited in advance of debt service payment dates, is required by State legislation and is administered and maintained by the State Comptroller. Debt service on all City notes and bonds is paid from this fund.
Nonmajor Governmental Funds. The City reports the following blended component units within the Nonmajor Governmental Funds: TFA, TSASC, ECF, SCA, FSC, STAR, HYDC, HYIC, NYCTLTs and TDC. If a component unit is blended, the governmental fund types of the component unit are blended with those of the City by including them in the appropriate combining statements of the City. Although the City’s General Fund is usually the main operating fund of the reporting entity, the General Fund of a blended component is reported as a Special Revenue Fund. The City does not have other Special Revenue Funds.
Additionally, the City reports the following fund types:
Fiduciary Funds
The fiduciary funds are used to account for assets and activities when a governmental unit is functioning either as a trustee or an agent for another party. The City’s fiduciary funds fall into two categories:
The Pension and Other Employee Benefit Trust Funds account for the operations of:
• Pension Trusts – New York City Employees’ Retirement System (NYCERS) – Teachers’ Retirement System of The City of New York (TRS) – New York City Board of Education Retirement System (BERS) – New York City Police Pension Funds (POLICE) – New York City Fire Pension Funds (FIRE)
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NOTES TO FINANCIAL STATEMENTS, Continued
• Deferred Compensation Plans (DCP) • The New York City Other Postemployment Benefits Plan (the OPEB Plan)
Each of the pension trusts report all jointly administered plans including primary pension (QPPs), and variable supplements funds (VSFs) and/or tax deferred annuity plans (TDAs), as appropriate. In previous years, the City’s financial statements grouped the pension trusts by type (primary pensions, VSFs) rather than as systems. The new presentation is preferable because it more clearly illustrates the relationships between plans within a pension system, and between the systems and the City. While the VSFs are included with QPPs for financial reporting purposes, in accordance with the Administrative Code of The City of New York (ACNY), VSFs are not pension funds or retirement systems. Instead, they provide scheduled supplemental payments, in accordance with applicable statutory provisions. While a portion of these payments are guaranteed by the City, the State has the right and power to amend, modify, or repeal VSFs and the payments they provide. However, any assets transferred to the VSFs are held in trust solely for the benefit of its members. More information is available in note E.5.
The Deferred Compensation Plans report the various jointly administered Deferred Compensation Plans of The City of New York and related agencies and Instrumentalities and the New York City Employee Individual Retirement Account (NYCEIRA).
Note: These fiduciary funds publish separate annual financial statements, which are available at: Office of the Comptroller, Bureau of Accountancy—Room 200 South, 1 Centre Street, New York, New York 10007, or at www.comptroller.nyc.gov.
These funds use the accrual basis of accounting and a measurement focus on the periodic determination of additions, deductions, and net position restricted for benefits.
The Agency Funds account for miscellaneous assets held by the City for other funds, governmental units, and individuals. School fundraiser monies for scholarships, federal asset forfeiture for investigative purposes, and cash bail for use by the surety/assignee, are the major miscellaneous assets accounted for in these funds. The Agency Funds are custodial in nature and do not involve measurement of results of operations.
Discretely Presented Component Units
The discretely presented major component units consist of HHC, HDC, HA, EDC, and NYW. The discretely presented nonmajor components units are IDA, BRAC, BNYDC, WTC Captive, BBPC, TGI, LDC, Build NYC, and NYCNCC. Their activities are accounted for in a manner similar to private business enterprises, in which the focus is on the periodic determination of revenues, expenses, and net income.
Changes in Reporting Entity
On July 28, 2014, the NYC Neighborhood Capital Corporation (NYCNCC) was incorporated under the not-for-profit corporation law of the State of New York. The City is financially accountable for NYCNCC because it appoints a voting majority of NYCNCC’s governing body and is able to impose its will on NYCNCC. Thus NYCNCC has been incorporated as a discretely presented component unit.
New Accounting Standards Adopted
In Fiscal Year 2015, the City adopted Statement No. 72 of the Government Accounting Standards Board, entitled, Fair Value Measurement and Application.
Statement No. 72 requires the City to use valuation techniques which are appropriate under the circumstances and are either a market approach, a cost approach or an income approach. Statement No. 72 establishes a hierarchy of inputs used to measure fair value consisting of three levels. Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs, such as management’s assumption of the default rate among underlying mortgages of a mortgage-backed security.
Statement No. 72 also contains note disclosure requirements regarding the hierarchy of valuation inputs and valuation techniques that was used for the fair value measurements. There was no material impact on the City’s financial statement as a result of the implementation of Statement No. 72. All required disclosures were added to Notes A.12 and D.1.
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NOTES TO FINANCIAL STATEMENTS, Continued
3. Basis of Accounting
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting in which revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Nonexchange transactions include: sales and income taxes, property taxes, grants, entitlements and donations, and are recorded on the accrual basis of accounting. Revenues from sales and income taxes are recognized when the underlying exchange transaction takes place.
Revenues from property tax are recognized in the fiscal year for which the taxes are levied. Revenues from grants, entitlements, and donations are recognized in the fiscal year in which all eligibility requirements have been satisfied.
Governmental funds use the flow of current financial resources measurement focus. This focus is on the determination of and changes in financial position, and generally only current financial resources and current liabilities are included on the balance sheet although certain receivable amounts may not be currently available. These funds use the modified accrual basis of accounting, whereby revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the fiscal period. Revenues from taxes are generally considered available if received within two months after the fiscal year-end. Revenues from categorical and other grants are generally considered available if expected to be received within one year after the fiscal year-end. Expenditures are recorded when the related liability is incurred and payment is due, except for principal and interest on long-term debt, pensions, post employment benefits other than pensions and certain other estimated liabilities, which are recorded only when payment is due.
The measurement focus of the Pension and Other Employee Benefit Trust Funds and Other Trust Funds is on the flow of economic resources. This focus emphasizes the determination of and changes in net position. With this measurement focus, all assets and liabilities associated with the operation of these funds are included on the balance sheet. These funds use the accrual basis of accounting whereby revenues are recognized in the accounting period in which they are earned, and expenses are recognized in the period incurred.
The Agency Funds use the accrual basis of accounting and do not measure the results of operations.
4. Encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other commitments for expenditures are recorded to reflect the use of the applicable spending appropriations, is used by the General Fund during the fiscal year to control expenditures. The cost of those goods received and services rendered on or before June 30 are recognized as expenditures. Encumbrances not resulting in expenditures by year-end, lapse.
5. Cash and Investments
The City considers all highly liquid investments (including restricted assets) with a maturity of three months or less when purchased, to be cash equivalents. Cash equivalents are carried at amortized cost which approximates fair value.
The annual average collected bank balances maintained during Fiscal Years 2015 and 2014 were approximately $2.15 billion and $1.25 billion, respectively.
Investments are reported in the balance sheet at fair value. Investment income, including changes in the fair value of investments, is reported in operations.
Investments in fixed income securities are recorded at fair value. Securities purchased pursuant to agreements to resell are carried at the contract price, exclusive of interest, at which the securities will be resold.
Investments of the Pension and Other Employee Benefit Trust Funds and Other Trust Funds are reported at fair value. Investments are stated at the last reported sales price on a national securities exchange or as priced by a nationally recognized securities pricing service as on the last business day of the fiscal year, except for securities held as alternative investments where fair value is determined by the general partners or other experts of the partnerships.
A description of the City’s fiduciary funds securities lending activities in Fiscal Years 2015 and 2014 is included in Deposits and Investments (see Note D.1).
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NOTES TO FINANCIAL STATEMENTS, Continued
6. Inventories
Inventories on hand at June 30, 2015 and 2014, estimated at $377 million and $348 million, respectively, based on average cost have been reported on the government-wide Statement of Net Position. Inventories are recorded as expenditures in governmental funds at the time of purchase, and accordingly have not been reported on the governmental funds balance sheet.
7. Restricted Cash and Investments
Certain proceeds of the City and component unit bonds, as well as certain resources set aside for payments to bond holders, are classified as restricted cash and investments on the balance sheet, because their use is limited by applicable bond covenants.
8. Capital Assets
Capital assets include all land, buildings, equipment (including software), water distribution and sewage collection system, and other elements of the City’s infrastructure having an initial minimum useful life of five years, having a cost of more than $35 thousand, and having been appropriated in the Capital Budget (see Note C.1). Capital assets, which are used for general governmental purposes and are not available for expenditure, are accounted for and reported in the government-wide financial statements. Infrastructure elements include the roads, bridges, curbs and gutters, streets and sidewalks, park land and improvements, piers, bulkheads and tunnels. The capital assets of the water distribution and sewage collection system are recorded in the Water and Sewer System component unit financial statements under a lease agreement between the City and the Water Board.
Capital assets are generally stated at historical cost, or at estimated historical cost, based on appraisals or on other acceptable methods when historical cost is not available. Donated capital assets are stated at their fair market value as of the date of the donation. Capital leases are classified as capital assets in amounts equal to the lesser of the fair market value or the present value of net minimum lease payments at the inception of the lease (see Note D.3).
Accumulated depreciation and amortization are reported as reductions of capital assets. Depreciation is computed using the straight-line method based upon estimated useful lives of generally 25 to 50 years for new construction, 10 to 25 for betterments and/or reconstruction, 5 to 15 years for equipment (including software), and 15 to 40 years for infrastructure. Capital lease assets and leasehold improvements are amortized over the term of the lease or the life of the asset, whichever is less.
9. Vacation and Sick Leave
Earned vacation and sick leave is recorded as an expenditure in the period when it is payable from current financial resources in the fund financial statements. The estimated value of vacation leave earned by employees, which may be used in subsequent years, and earned vacation and sick leave to be paid upon termination or retirement from future resources is recorded as a liability in the government-wide financial statements.
10. Judgments and Claims
The City is uninsured with respect to risks including, but not limited to, property damage, personal injury, and workers’ compensation. In the fund financial statements, expenditures for judgments and claims (other than workers’ compensation and condemnation proceedings) are recorded on the basis of settlements reached or judgments entered within the current fiscal year. Expenditures for workers’ compensation are recorded when paid. Settlements relating to condemnation proceedings are reported when the liability is estimable. In the government-wide financial statements, the estimated liability for all judgments and claims incurred but not yet expended is recorded as a noncurrent liability.
11. Long-Term Liabilities
For long-term liabilities, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. All long-term liabilities are reported in the government-wide financial Statement of Net Position. Long-term liabilities expected to be financed from discretely presented component units’ operations are accounted for in those component units’ financial statements.
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12. Derivative Instruments
The fair value balances and notional amounts of derivative instruments outstanding at June 30, 2015, classified by type, and the changes in fair value of such derivative instruments for the fiscal year then ended as reported in the 2015 financial statements are as follows:
Changes in Fair Value from June 30, 2014 Fair Value at June 30, 2015 _______________________________________ _________________________________________ Item Classification Amount Classification Amount Notional_____ _____________________ ___________ ______________ _____________ ____________ (in thousands)
Governmental Activities
Cashflow Hedges: H Pay-Fixed interest rate swap Deferred Outflow $(3,278) Debt $(40,049) $250,000 J Pay-Fixed interest rate swap Deferred Outflow (115) Debt 0 0 L Pay-Fixed interest rate swap Deferred Outflow (582) Debt (1,245) 44,145
Investment derivative instruments: A Pay-Fixed interest rate swap Investment Revenue (1,330) Investment (17,035) 190,307 B Pay-Fixed interest rate swap Investment Revenue (444) Investment (5,679) 63,436 C Pay-Fixed interest rate swap Investment Revenue (444) Investment (5,679) 63,436 D Pay-Fixed interest rate swap Investment Revenue (444) Investment (5,679) 63,436 E Pay-Fixed interest rate swap Investment Revenue 1,100 Investment (14,537) 116,100 F Pay-Fixed interest rate swap Investment Revenue 210 Investment 0 0 G Basis Swap Investment Revenue 6,705 Investment 2,336 364,100 H Pay-Fixed interest rate swap Investment Revenue (1,473) Investment (16,181) 100,000 K Basis Swap Investment Revenue 12,878 Investment (11,703) 500,000
Due to the full refunding of remaining outstanding 2003 C-2 bonds during Fiscal Year ended June 30, 2015, portions of swaps A,B,C and D are no longer treated as cash flow hedges. Accordingly, portions of the change in fair value of the swaps from June 30, 2014 to June 30, 2015 are reported within the investment revenue classification for the Fiscal Year ended June 30, 2015. Additionally, during the fiscal year ended June 30, 2015, the remaining portions of swaps F and J matured and are no longer outstanding.
Fair Value for the interest rate swaps is described as the exit price that assumes a transaction takes place in the City’s most advantageous market in the absence of a principal market. These inputs include the mid-market valuation and then incorporates the credit risk of either the City or its counterparty and the bid/offer spread that would be charged to the City in order to transact. The mid-market values of the interest rate swaps were estimated using the income approach. This method calculates the future net settlement payments required by the swap, assuming that the current forward rates implied by the yield curve correctly anticipate future spot interest rates. These payments are then discounted using the spot rates implied by the current yield curve for hypothetical zero-coupon bonds due on the date of each future net settlement date. The interest rate swaps are classified in Level 2 as their valuation relies primarily on observable inputs.
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NOTES TO FINANCIAL STATEMENTS, Continued
Hedging Derivative Instruments
The following table displays the objective and terms of the City’s hedging derivative instruments outstanding at June 30, 2015, along with the credit rating of the associated counterparty. Regarding derivative instruments where the counterparty is unrated, the rating provided is of the counterparty’s guarantor.
Notional Effective Counterparty Item Type Objective Amount Date Maturity Date Terms Rating______ _________ _________________________________________ ____________ ____________ __________________ __________________________ _________________
(in thousands) H Pay-Fixed Hedge of changes in cash flows on $250,000 7/14/2003 8/1/2031 2.964%; receive 61.85% Aa2/AA– interest rate swap the 2004 Series A bonds of USD-LIBOR-BBA
L Pay-Fixed Hedge of changes in cash flows on 44,145 3/3/2005 8/1/2017 Pay 4.55%/4.63%/4.71%; Aa3/A+ interest rate swap the 2005 Series J, K, and L Bonds receive CPI + 1.50% for
2015 maturity/CPI + 1.55% for 2016 maturity/CPI + 1.60% for 2017 maturity
LIBOR: London Interbank Offered Rate Index CPI: Consumer Price Index
Risks
Credit risk: The City is exposed to credit risk on hedging derivative instruments. To minimize its exposure to loss related to credit risk, it is the City’s policy to require counterparty collateral posting provisions in its hedging derivative instruments. These terms require full collateralization of the fair value of hedging derivative instruments (net of the effect of applicable threshold requirements and netting arrangements) should the counterparty’s credit rating fall below the following:
The counterparty with respect to derivative instrument H is required to post collateral if its credit ratings goes below A2/A. Collateral posted is to be in the form of U.S. Treasury securities held by a third-party custodian. The City has never been required to access collateral. The counterparty with respect to derivative instruments L is required to post collateral if it has at least one rating below the double-A category.
It is the City’s policy to enter into netting arrangements whenever it has entered into more than one derivative instrument transaction with a counterparty. Under the terms of these arrangements, should one party become insolvent or otherwise default on its obligations, closeout netting provisions permit the non-defaulting party to accelerate and terminate all outstanding transactions and net the transactions’ fair values so that a single sum will be owed by, or owed to, the non-defaulting party.
The aggregate fair value of hedging derivative instruments requiring collateralization at June 30, 2015 was $(41.29) million.
Interest rate risk: The City is exposed to interest rate risk on its swaps. On its pay-fixed, receive-variable interest rate swaps, as LIBOR or the Consumer Price Index decreases, the City’s net payment on the swaps increases.
Basis risk: The City is exposed to basis risk on its pay-fixed interest rate swaps, because the variable-rate payments received by the City on these hedging derivative instruments are based on a rate or index other than interest rates the City pays on its hedged variable-rate debt, which is remarketed either daily or weekly. Under the terms of its synthetic fixed rate swap transactions, the City pays a variable rate on its bonds based on the Securities Industry and Financial Markets Association (SIFMA), but receives a variable rate on the swaps based on a percentage of LIBOR.
Tax risk: The City is at risk that a change in Federal tax rates will alter the fundamental relationship between the SIFMA and LIBOR Indices. A reduction in Federal tax rates, for example, will likely increase the City’s payment on its underlying variable rate bonds in the synthetic fixed rate transactions and its variable payer rate in the basis swaps.
Termination risk: The City or its counterparties may terminate a derivative instrument if the other party fails to perform under the terms of the contract. The City is at risk that a counterparty will terminate a swap at a time when the City owes it a termination payment. The City has mitigated this risk by specifying that the counterparty has the right to terminate only as a result of certain events, including: a payment default by the City; other City defaults which remain uncured for 30 days after notice; City bankruptcy; insolvency of the City (or similar events); or a downgrade of the City’s credit rating below investment grade (i.e., BBB-/Baa3). If at the time of termination, a hedging derivative instrument is in a liability position, the City would be liable to the counterparty for a payment equal to the liability, subject to netting arrangements, if applicable.
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NOTES TO FINANCIAL STATEMENTS, Continued
Counterparty risk: The City is at risk that a counterparty will not meet its obligations under the swap. If a counterparty were to default under its agreement when the counterparty would owe a termination payment to the City, the City may have to pay another entity to assume the position of the defaulting counterparty. The City has sought to limit its counterparty risk by contracting only with highly rated entities or requiring guarantees of the counterparty’s obligations under the swap documents.
Rollover risk: The City is exposed to rollover risk on hedging derivative instruments that are hedges of debt that mature or may be terminated prior to the maturity of the hedged debt. When these hedging derivative instruments terminate, the City will be re- exposed to the risks being hedged by the hedging derivative instrument.
Contingencies
All of the City’s derivative instruments include provisions that require the City to post collateral in the event its credit rating falls below Baa1 (Moody’s) or BBB+ (Standard & Poor’s) for derivative instruments A, B, D, E, K, and L; below Baa3 (Moody’s) or BBB- (Standard & Poor’s) for derivative instruments C, G and H. The collateral posted is to be in the form of cash, U.S. Treasury securities, or specified Agency securities in the amount equal to (in the form of cash) or greater than (in the form of securities) the fair value of derivative instruments in liability positions net of the effect of applicable netting arrangements and applicable thresholds. If the City does not post collateral, the derivative instrument may be terminated by the counterparty. At June 30, 2015, the aggregate fair value of all derivative instruments with these collateral posting provisions is $(115.45) million. If the collateral posting requirements were triggered at June 30, 2015, based on ratings of Baa3 or BBB-, the City would have been required to post $46.88 million in collateral to its counterparties based on posting cash. The collateral requirements would be $117.78 million for ratings below Baa3 or BBB- based on posting cash. The City’s credit rating as of June 30, 2015 was Aa2 (Moody’s) and AA (Standard & Poor’s); therefore, no collateral has been posted as of that date.
Swap Collateral Requirements upon a Rating Downgrade of the City(1)
Collateral Collateral Threshold at Threshold Fair Value as of Baa2/BBB to Collateral below Collateral Swap/Counterparty June 30, 2015(2) Baa3/BBB-(3) Amount(4) Baa3/BBB- Amount(5)__________________________________________ ______________ _____________ ____________ __________ ____________
(in thousands)
Bank of New York Mellon . . . . . . . . . . . . $ 2,336 Infinity $ — — $ — JP Morgan Chase Bank, N.A. . . . . . . . . . (29,983) 3,000 27,000 — 30,000 Merrill Lynch Capital Services, Inc. . . . . (5,679) 3,000 2,679 — 5,679 UBS AG . . . . . . . . . . . . . . . . . . . . . . . . . . (20,216) 3,000 17,200 — 20,200 US Bank National Association. . . . . . . . . (5,679) Infinity — — 5,700 Wells Fargo Bank, NA . . . . . . . . . . . . . . . (56,230) Infinity — — 56,200 ________ _______ ________ Total Fair Value . . . . . . . . . . . . . . . . . . $(115,451) $46,879 $117,779 ________ _______ ________ ________ _______ ________
(1) All of the City’s swap counterparties have agreements that collateral is to be posted by the City if the City were to owe a termination payment and its ratings fall below a certain level. The collateral amount is the counterparty’s exposure, based on the market value of the swap, less a “threshold” amount. The threshold amount varies from infinity for higher rating levels to zero for lower rating levels. The threshold amount cannot be less than zero and a threshold amount of infinity would always result in no collateral being required regardless of the market value.
(2) A negative value means the City would owe a termination payment.
(3) A downgrade of the City to either Baa2 (Moody’s) or BBB (S&P) is the first rating level at which the City would be required to post collateral.
(4) The swap counterparties, other than Merrill Lynch Capital Services Inc., round the collateral amount up or down to the nearest $100,000. Merrill Lynch does not round the amount.
(5) Represents the total amount of required collateral for ratings below Baa3/BBB-. The amount of collateral required to be posted would be the amount shown below less any collateral previously posted.
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NOTES TO FINANCIAL STATEMENTS, Continued
13. Real Estate Tax
Real estate tax payments for the Fiscal Year ended June 30, 2015, were due July 1, 2014 and January 1, 2015, except that payments by owners of real property assessed at $250,000 or less and cooperatives whose individual units on average are valued at $250,000 or less, were due in quarterly installments on the first day of each quarter beginning on July 1.
The levy date for Fiscal Year 2015 taxes was June 29, 2014. The lien date is the date taxes are due.
Real estate tax revenue represents payments received during the year and payments received (against the current fiscal year and prior years’ levies) within the first two months of the following fiscal year reduced by tax refunds for the fund financial statements. Real estate tax revenues not available are reported as deferred inflows of resources. The government-wide financial statements recognize real estate tax revenue (net of refunds) which are not available to the governmental fund type in the fiscal year for which the taxes are levied. Real estate taxes received or reported as receivables before the period for which the property taxes are levied, or the period when resources are required to be used, or when use is first permitted, are reported as deferred inflows of resources.
The City offered a 0.5% discount on the full amount of a taxpayer’s yearly property tax if the entire amount shown on their bill is paid by the July due date (or grace period due date), a 0.25% discount on the last three quarters if the taxpayer waits until the October due date to pay the entire amount due, or a 0.125% discount on the last six months of taxes when the taxpayer pays the balance by the January due date for both Fiscal Years 2016 and 2015. Payment of real estate taxes before July 15, 2015, on properties with an assessed value of $250,000 or less and before July 1, 2015, on properties with an assessed value over $250,000 received the discount. Collections of these real estate taxes received on or before June 30, 2015 and 2014 were about $7.0 billion and $6.7 billion, respectively.
The City sold approximately $101 million of real property tax liens, fully attributable to Fiscal Year 2015, at various dates in Fiscal Year 2015. As in prior year’s lien sale agreements, the City will refund the value of liens later determined to be defective, plus interest and a 5% surcharge. It has been estimated that $5.0 million worth of liens sold in Fiscal Year 2015 will require refunding. The estimated refund accrual amount of $8.0 million, including the surcharge and interest, resulted in Fiscal Year 2015 net sale proceeds of $93.0 million.
In Fiscal Year 2015, there was $5.0 million refunded for defective liens from the Fiscal Year 2014 sale. This resulted in an increase to Fiscal Year 2015 revenue of $3.0 million. Consequently, the over-estimated Fiscal Year 2014 accrual of $8.0 million increased the net sale proceeds of the Fiscal Year 2015 sale to $93 million, up from the Fiscal Year 2014 net sale proceeds of $84 million.
The City sold approximately $92.0 million of real property tax liens, attributable to Fiscal Year 2014, at various dates in Fiscal Year 2014. As in prior year’s lien sale agreements, the City will refund the value of liens later determined to be defective, plus interest and a 5% surcharge. It has been estimated that $7.8 million worth of liens sold in Fiscal Year 2014 will require refunding. The estimated refund accrual amount of $8.0 million, including the surcharge and interest, resulted in Fiscal Year 2014 net sale proceeds of $84.0 million.
In Fiscal Year 2014, there were $7.8 million refunded for defective liens from the Fiscal Year 2013 sale. This resulted in an increase to Fiscal Year 2014 revenue of $2.8 million and consequently, the under-estimated Fiscal Year 2013 accrual of $5.0 million increased the net sale proceeds of the Fiscal Year 2013 sale to $84.0 million, up from the original Fiscal Year 2013 net sale proceeds reported as $83.6 million.
In Fiscal Years 2015 and 2014, $230 million and $205 million, respectively, were provided as allowances for uncollectible real estate taxes against the balance of the receivable. Delinquent real estate taxes receivable that are estimated to be collectible but which are not collected in the first two months of the next fiscal year are recorded as deferred inflows of resources in the governmental funds balance sheet but included in general revenues on the government-wide Statement of Activities.
The City is permitted to levy real estate taxes for general operating purposes in an amount up to 2.5% of the average full value of taxable real estate in the City for the last five years and in unlimited amounts for the payment of principal and interest on long- term City debt. Amounts collected for payment of principal and interest on long-term debt in excess of that required for that purpose in the year of the levy must be applied towards future years’ debt service. For the Fiscal Years ended June 30, 2015 and 2014, excess amounts of $428 million and $481 million, respectively, were transferred to the General Debt Service Fund.
73
NOTES TO FINANCIAL STATEMENTS, Continued
14. Other Taxes and Other Revenues
Taxpayer-assessed taxes, such as sales and income taxes, net of refunds, are recognized in the accounting period in which they become susceptible to accrual for the fund financial statements. Assets recorded in the governmental fund financial statements, but the revenue is not available, are reported as deferred inflows of resources. Additionally, the government-wide financial statements recognize sales and income taxes (net of refunds), which are not available to the governmental fund type in the accounting period for which the taxes are assessed.
15. Federal, State, and Other Aid
For the government-wide and fund financial statements, categorical aid, net of a provision for estimated disallowances, is reported as receivables when the related eligibility requirements are met. Unrestricted aid is reported as revenue in the fiscal year of entitlement. Resources received before the time requirements are met, but after all other eligibility requirements are met, are reported as deferred inflows of resources.
16. Bond Discounts, Premiums and Issuance Costs
In the fund financial statements, bond premiums, discounts and issuance costs are recognized as revenues/expenditures in the period incurred. In the government-wide financial statements, bond premiums and discounts are deferred and amortized over the term of the bonds payable using the straight-line method. Bond premiums and discounts are presented as additions/reductions to the face amount of the bonds payable. Bond issuance costs are recognized as an expense in the period incurred.
17. Intra-Entity Activity
Payments from a fund receiving revenue to a fund through which the revenue is to be expended are reported as transfers. Such payments include transfers for debt service and capital construction. In the government-wide financial statements, resource flows between the City and the discretely presented component units are reported as if external transactions.
18. Subsidies
The City makes various payments to subsidize a number of organizations which provide services to City residents. These payments are recorded as expenditures in the fiscal year paid.
19. Deferred Outflows and Inflows of Resources
In accordance with Government Accounting Standards Board Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position, the City reports deferred outflows of resources in the Statement of Financial Position in a separate section following Assets. Similarly, the City reports deferred inflows of resources in the Statement of Net Position in a separate section following Liabilities.
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NOTES TO FINANCIAL STATEMENTS, Continued
The Components of the deferred outflows of resources and deferred inflows of resources are as follows:
FY 2015 FY 2014 ______________________________ ______________________________ Primary Component Primary Component Government Units Government Units ____________ ____________ ____________ ____________ (in thousands) Deferred Outflows of Resources: Deferred Outflows from pension activities . . . . . . . . . . . $ 4,955,473 $ 78,156 $ — $ 78,429 Accumulated decrease in fair value of hedging derivatives 41,294 125,173 48,963 100,384 Unamortized deferred bond refunding costs . . . . . . . . . . 502,083 — 495,284 4,294 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 31,652 — 36,936 ________________________ __________________ ________________________ __________________ Total Deferred Outflows of Resources . . . . . . . . . . . . . . . . $ 5,498,864 $234,981 $ 544,247 $220,043 ________________________ __________________ ________________________ __________________ ________________________ __________________ ________________________ __________________ Deferred Inflows of Resources: Deferred Inflows from pension activities . . . . . . . . . . . . $11,052,311 $527,124 $14,827,736 $805,093 Service concession arrangements . . . . . . . . . . . . . . . . . . 145,661 — 171,039 — Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,994,205 — 6,733,998 — Grant advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,331 — 23,780* — Prepaid payments in lieu of taxes . . . . . . . . . . . . . . . . . . — — 1,950 — Unamortized deferred refunding costs . . . . . . . . . . . . . . — 17,978 — — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,888 — — — ________________________ __________________ ________________________ __________________ Total Deferred Inflows of Resources . . . . . . . . . . . . . . . . . $18,259,396 $545,102 $21,758,503 $805,093 ________________________ __________________ ________________________ __________________ ________________________ __________________ ________________________ __________________
* Certain reclassifications were made to the Fiscal Year 2014 deferred inflows of resources in order to conform with the Fiscal Year 2015 presentation for deferred inflows of resources. There was no effect on the net position from this reclassification.
20. Fund Balance
In accordance with Government Accounting Standards Board Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, the classification of Fund Balance is based on the extent to which the City is bound to observe constraints imposed upon the use of the resources in the governmental funds. The classifications are as follows:
Nonspendable–includes fund balance amounts that cannot be spent, either because they are not in spendable form, or because of legal or contractual constraints requiring such amounts to remain intact. As required by the New York State Financial Emergency Act, the City must prepare its budget covering all expenditures, other than capital items, balanced so that the results do not show a deficit when reported in accordance with GAAP. Therefore, the General Fund’s fund balance must legally remain intact and is classified as nonspendable. Additionally, certain receivable amounts are not anticipated to be collected in the current period.
Restricted–includes fund balance amounts that are constrained for specific purposes when such constraints are externally imposed by creditors, laws or regulations of other governments, or by constitutional provisions or enabling legislation.
Committed–includes fund balance amounts that are constrained for specific purposes when such constraints are internally imposed by the government’s formal action at the highest level of decision making authority and do not lapse at year-end. In accordance with the New York City Charter, the City Council is the City’s highest level of decision-making authority and can, by legal resolution prior to the end of the fiscal year, approve to establish, modify or rescind a fund balance commitment. For the blended component units reported as Nonmajor Funds, the respective Boards of Directors (“Boards”) constitute the highest level of decision-making authority. When resolutions are adopted by the Boards that constrain fund balances for a specific purpose, such resources are accounted for and reported as committed for such purpose, unless and until a subsequent resolution altering the commitment is adopted by a Board.
Assigned–includes fund balance amounts that are intended to be used for specific purposes that are neither considered restricted or committed. The City does not have any assigned amounts in its major funds. For the blended component units reported as Nonmajor Funds, the fund balances which are constrained for use for a specific purpose based on the direction of the President of the component unit to direct the movement of such funds are accounted for and reported as assigned for such purpose unless and until a subsequent authorized action by the same, or another duly authorized officer, or by a Board, is taken which removes or changes the assignment.
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NOTES TO FINANCIAL STATEMENTS, Continued
Unassigned–The City’s Capital Projects Fund’s and Nonmajor Governmental Funds’ deficits are classified as unassigned.
The City uses restricted amounts first when both restricted and unrestricted resources are available. Additionally, the City first uses committed, then assigned, and lastly unassigned resources when expenditures are made.
The City does not have a formal minimum fund balance policy. Below is the detail included in the fund balance classifications for the governmental funds at June 30, 2015 and 2014:
Fiscal Year 2015
Capital Debt Nonmajor Total General Projects Service Governmental Governmental Fund Fund Fund Funds Funds ___________ ______________ ____________ ____________ ______________
(in thousands) Nonspendable: General Fund balance . . . . . . . . . . . . . . . . . . . . . $ 467,621 $ — $ — $ — $ 467,621 Prepaid expenditures . . . . . . . . . . . . . . . . . . . . . — — — 619 619
Spendable: Restricted Capital projects . . . . . . . . . . . . . . . . . . . . . . . . — 751,924 — 451,432 1,203,356 Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . — — 427,588 2,103,811 2,531,399
Committed Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,542,632 — 1,542,632
Assigned Debt Service . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 1,667,966 1,667,966 Operations* . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 154,358 154,358
Unassigned Capital Projects Fund . . . . . . . . . . . . . . . . . . . — (2,531,515) — — (2,531,515) ____________ _____________ ____________ ____________ _____________
Total Fund Balance (Deficit) . . . . . . . . . . . . . . . . . $ 467,621 $(1,779,591) $1,970,220 $4,378,186 $ 5,036,436 ____________ _____________ ____________ ____________ _____________ ____________ _____________ ____________ ____________ _____________
Fiscal Year 2014
Capital Debt Nonmajor Total General Projects Services Governmental Governmental Fund Fund Fund Funds Fund ___________ ______________ ____________ ____________ ______________
(in thousands) Nonspendable: General Fund balance . . . . . . . . . . . . . . . . . . . . . $ 462,519 $ — $ — $ — $ 462,519 Prepaid expenditures . . . . . . . . . . . . . . . . . . . . . — — — 611 611
Spendable: Restricted Capital Projects . . . . . . . . . . . . . . . . . . . . . . . — 423,296 — 1,415,158 1,838,454 Debt Service . . . . . . . . . . . . . . . . . . . . . . . . . . — — 480,525 1,942,821 2,423,346
Committed Debt Service . . . . . . . . . . . . . . . . . . . . . . . . . . — — 158,327 — 158,327
Assigned Debt Service . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 1,362,270 1,362,270 Operations* . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 145,142 145,142
Unassigned Capital Projects Fund . . . . . . . . . . . . . . . . . . . — (3,459,177) — — (3,459,177) ____________ _____________ ____________ ____________ _____________
Total Fund Balance (Deficit) . . . . . . . . . . . . . . . . . $ 462,519 $(3,035,881) $ 638,852 $4,866,002 $ 2,931,492 ____________ _____________ ____________ ____________ _____________ ____________ _____________ ____________ ____________ _____________
* Represents the unassigned fund balance of the Special Revenue Funds.
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NOTES TO FINANCIAL STATEMENTS, Continued
21. Pensions
In government-wide financial statements, pensions are recognized and disclosed using the accrual basis of accounting (see Notes E.5 and the RSI section immediately following the notes to financial statements), regardless of the amount recognized as pension expenditures on the modified accrual basis of accounting. The City recognizes a net pension liability for each qualified pension plan in which it participates, which represents the excess of the total pension liability over the fiduciary net position of the qualified pension plan, measured as of the City’s fiscal year-end or the City’s proportionate share thereof in the case of a cost-sharing multiple-employer plan. Changes in the net pension liability during the period are recorded as pension expense, or as deferred inflows of resources or deferred outflows of resources depending on the nature of the change, in the period incurred. Those changes in net pension liability that are recorded as deferred inflows of resources or deferred outflows of resources that arise from changes in actuarial assumptions or other inputs and differences between expected or actual experience are amortized over the weighted average remaining service life of all participants including retirees, in the respective qualified pension plan and recorded as a component of pension expense beginning with the period in which they arose. Projected earnings on qualified pension plan investments are recognized as a component of pension expense. Differences between projected and actual investment earnings are reported as deferred inflows of resources or deferred outflows of resources and amortized as a component of pension expense on a closed basis over a five-year period beginning with the period in which the difference occurred.
22. Other Postemployment Benefits
Other Postemployment Benefits (OPEB) cost for retiree healthcare and similar, non-pension retiree benefits, is required to be measured and disclosed using the accrual basis of accounting (see Note E.4), regardless of the amount recognized as OPEB expense on the modified accrual basis of accounting. Annual OPEB cost is calculated in accordance with GASB Statement No. 45.
23. Estimates and Assumptions
A number of estimates and assumptions relating to the reporting of revenues, expenditures, assets and liabilities, and the disclosure of contingent liabilities were used to prepare these financial statements in conformity with GAAP. Actual results could differ from those estimates.
24. Pronouncements Issued But Not Yet Effective
In June 2015, GASB issued Statement No. 73, Accounting and Financial Reporting for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 67 and 68.
The requirements of this statement extend the approach to accounting and financial reporting established in Statement No. 68 to all pensions to reflect that for accounting and financial reporting purposes, any assets accumulated for pensions that are provided through pension plans that are not administered through trusts that meet the criteria specified in Statement No. 68 should not be considered pension plan assets. It also requires that information similar to that required by Statement 68 be included in notes to financial statements and required supplementary information by all similarly situated employers and nonemployer contributing entities.
The provisions of Statement No. 73 that address accounting and financial reporting by employers and governmental nonemployer contributing entities for pensions that are not within the scope of Statement No. 68 are effective for financial statements for fiscal years beginning after June 15, 2016, and the requirements of this statement that address financial reporting for assets accumulated for purposes of providing those pensions are effective for fiscal years beginning after June 15, 2015. The requirements of Statement No. 73 for pension plans that are within the scope of Statement No. 67 or for pensions that are within the scope of Statement No. 68 are effective for fiscal years beginning after June 15, 2015. Earlier application is encouraged. The City has not completed the process of evaluating the impact of Statement No. 73 on its financial statements.
In June 2015, GASB issued Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans. The scope of this statement includes defined benefit and defined contribution OPEB plans administered through trusts that meet specified criteria.
This statement establishes financial reporting standards for state and local governmental other postemployment benefit (“OPEB”) plans. The Statement replaces Statements No. 43, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, as amended, and No. 57, OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans.
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NOTES TO FINANCIAL STATEMENTS, Continued
Statement No. 74 is effective for financial statements for fiscal years beginning after June 15, 2016. Earlier application is encouraged. The City has not completed the process of evaluating the impact of Statement No. 74 on its financial statements.
In June 2015, GASB issued Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (OPEB). This statement addresses accounting and financial reporting for OPEB that is provided to the employees of state and local governmental employees. This Statement also establishes standards for recognizing and measuring liabilities, deferred outflows of resources, deferred inflows of resources, and expense/expenditures.
For defined benefit OPEB plans this statement identifies the methods and assumptions that are required to be used to project benefit payments, discount projected benefit payments to their actuarial present value, and attribute that present value to periods of employee service. Note disclosures and required supplementary information are also addressed by the statement.
This statement replaces the requirements of Statements No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions, as amended, and Statement No. 57, OPEB Measurements by Agent Employers and Agent Multiple- Employer Plans, for OPEB.
Statement No. 75 is effective for fiscal years beginning after June 15, 2017. Earlier application is encouraged. The City has not completed the process of evaluating the impact of Statement No. 75 on its financial statements.
In June 2015, GASB issued Statement No. 76, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments. This statement reduces the GAAP hierarchy to two categories of authoritative GAAP and addresses the use of authoritative and nonauthoritative literature in the event that the accounting treatment for a transaction or other event is not specified within a source of authoritative GAAP.
This statement supersedes Statement No. 55, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments. It also amends Statement No. 62, Codification of accounting and financial Reporting Guidance Contained in Pre- November 30, 1989 FASB and AICPA Pronouncements, paragraph 64, 74, and 82.
The provisions of Statement No. 76 are effective for financial statements for periods beginning after June 15, 2015. Earlier application is permitted. The City has not completed the process of evaluating the impact of Statement No. 76 on its financial statements.
In August 2015, GASB issued Statement No. 77, Tax Abatement Disclosures. For financial reporting purposes, this statement defines a tax abatement and contains required disclosures about a reporting government’s own tax abatement agreements and those that are entered into by other governments and that reduce the reporting government’s tax revenues.
The requirements of GASB Statement No. 77 are effective for financial statements for periods beginning after December 15, 2015. Earlier application is encouraged. The City has not completed the process of evaluating the impact of Statement No. 77 on its financial statements.
B. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS
A summary reconciliation of the difference between total fund balances (deficit) as reflected on the governmental funds balance sheet and total net position (deficit) of governmental activities as shown on the government-wide Statement of Net Position is presented in an accompanying schedule to the governmental funds balance sheet. The asset and liability elements, that comprise the difference are related to the governmental funds using the current financial resources measurement focus and the modified accrual basis of accounting, while the government-wide financial statements use the economic resources measurement focus and the accrual basis of accounting.
Similarly, a summary reconciliation of the difference between net change in fund balances, as reflected on the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances, and Change in Net Position of governmental activities, as shown on the government-wide Statement of Activities, is presented in an accompanying schedule to the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances. The revenue and expense elements, that comprise the reconciliation difference stem from governmental funds using the current financial resources measurement focus and the modified accrual basis of accounting, while the government-wide financial statements use the economic resources measurement focus and the accrual basis of accounting.
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NOTES TO FINANCIAL STATEMENTS, Continued
C. STEWARDSHIP, COMPLIANCE, ANDACCOUNTABILITY
1. Budgets and Financial Plans
Budgets
Annual expense budget appropriations, which are prepared on the modified accrual basis, are adopted for the General Fund, and unused appropriations lapse at fiscal year-end. The City uses appropriations in the capital budget to authorize the expenditure of funds for various capital projects. Capital appropriations, unless modified or rescinded, remain in effect until the completion of each project.
The City is required by State Law to adopt and adhere to a budget, on a basis consistent with GAAP, that would not have General Fund expenditures and other financing uses in excess of revenues and other financing sources.
Expenditures made against the expense budget are controlled through the use of quarterly spending allotments and units of appropriation. A unit of appropriation represents a subdivision of an agency’s budget and is the level of control at which expenditures may not legally exceed the appropriation. The number of units of appropriation, and the span of operating responsibility which each unit represents, differs from agency to agency depending on the size of the agency and the level of control required. Transfers between units of appropriation and supplementary appropriations may be made by the Mayor, subject to the approval provisions set forth in the City Charter. Supplementary appropriations increased the expense budget by $5.10 billion and $5.78 billion subsequent to its original adoption in Fiscal Years 2015 and 2014, respectively.
Financial Plans
Additionally, the New York State Financial Emergency Act for The City of New York requires the City to operate under a “rolling” Four-Year Financial Plan (Plan). Revenues and expenditures, including transfers, of each year of the Plan are required to be balanced on a basis consistent with GAAP. The Plan is broader in scope than the expense budget; it comprises General Fund revenues and expenditures, Capital Projects Fund revenues and expenditures, and all short and long-term financing.
The expense budget is generally consistent with the first year of the Plan and operations under the expense budget must reflect the aggregate limitations contained in the approved Plan. The City reviews its Plan periodically during the year and, if necessary, makes modifications to incorporate actual results and revisions to assumptions.
2. Deficit Fund Balance
The Capital Projects Fund had deficits of $1.78 and $3.04 billion for the years ended June 30, 2015 and 2014, respectively. These deficits represent the amounts expected to be financed from future bond issues or intergovernmental reimbursements. To the extent the deficits will not be financed or reimbursed, a transfer from the General Fund will be required.
D. DETAILED NOTES ONALL FUNDS
1. Deposits and Investments
Deposits
The City’s bank depositories are designated by the New York City Banking Commission, which consists of representatives of the Comptroller, the Mayor, and the Finance Commissioner. The Banking Commission uses independent bank rating agency reports, bank regulators’ reports and the banks’ quarterly financial statements reported to the SEC to determine the financial soundness of each bank. In addition, the City’s banking relationships are under periodic operational, financial and credit reviews.
The City Charter limits the amount of deposits at any time in any one bank or trust company to a maximum of one-half of the amount of the capital and net surplus of such bank or trust company. The discretely presented component units included in the City’s reporting entity maintain their own banking relationships, which generally conform with the City’s.
The City’s bank account balances in excess of the prevailing Federal Deposit Insurance Corporation (FDIC) insurance limits of $250 thousand are fully collateralized in accordance with the New York State General Municipal Law (GML) and the New York City Department of Finance Collateral Policy, dated December 5, 2012. Each NYC Designated Bank must pledge Eligible Securities and/or Letters of Credit that satisfy the minimum GML requirements. The Designated Banks also must agree to closely monitor City bank account balances and adjust the amount of collateral when the City’s bank account balance changes to ensure that City
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NOTES TO FINANCIAL STATEMENTS, Continued
deposits are always fully collateralized. The banks usually report such collateral changes to both their respective custodians and the Department of Finance’s Collateral Committee on a daily basis.
At June 30, 2015 and 2014, the carrying amount of the City’s unrestricted cash and cash equivalents was $7.18 billion and $7.96 billion, respectively, and the bank balances were $4.29 billion and $1.47 billion, respectively. At June 30, 2015 and 2014, the carrying amount of the restricted cash and cash equivalents were $3.61 billion and $2.69 billion, respectively, and the bank balances were $1.67 billion and $644 million, respectively. Of the unrestricted bank balance, $51 thousand was exposed to custodial credit risk (this is the risk that in the event of a bank failure, the City’s deposits may not be returned to it or the City will not be able to recover collateral securities that are in the possession of an outside party) because the respective bank balance was uninsured and uncollateralized at June 30, 2015. Of the restricted bank balances, $4 thousand and $10 thousand were exposed to custodial credit risk because the respective bank balances were uninsured and uncollateralized at June 30, 2015 and 2014, respectively.
Investments
The City’s investment of cash in its governmental fund types is currently limited to U.S. Government guaranteed securities and U.S. Government agency securities purchased directly and through repurchase agreements from primary dealers, as well as commercial paper rated A1 and P1 by Standard & Poor’s Corporation and Moody’s Investors Service, Inc., respectively. The repurchase agreements must be collateralized by U.S. Government guaranteed securities, U.S. Government agency securities, or eligible commercial paper in a range of 100% to 102% of the matured value of the repurchase agreements. The following is a summary of the fair value of investments of the City as of June 30, 2015 and 2014:
Governmental activities: Investment Maturities _________________________________________________________________________________________________________________________________________________________ (in years)
2015 2014 _________________________________________________________________________ ________________________________________________________________________ Investment Type Less than 1 1 to 5 More than 5 Less than 1 1 to 5 More than 5 _________________ ______________ _________________ _________________ ______________ _________________ (in thousands) Unrestricted______________________ U.S. Government securities . . . . . . $ 149,688 $5,350,429 $ — $1,133,948 $454,259 $ — U.S. Government agency obligations . . . . . . . . . . . . . . . . . 1,718,306 125,041 — 1,687,535 137,777 —
Commercial paper . . . . . . . . . . . . . 824,353 — — 2,052,145 — — Investment derivative instruments . . . . . . . . . . . . . . . . . — — (74,157)(1) — — (92,513)(2) _________________ _________________ ______________ _________________ ______________ ______________ Total unrestricted . . . . . . . . . . . . $2,692,347 $5,475,470 $(74,157) $4,873,628 $592,036 $(92,513) _________________ _________________ ______________ _________________ ______________ ______________ _________________ _________________ ______________ _________________ ______________ ______________
Restricted__________________ U.S. Government securities . . . . . . $ 544,700 $ 464,435 $ — $ 187,067 $219,164 $ — U.S. Government agency obligations . . . . . . . . . . . . . . . . . 1,202,661 84,527 — 966,842 52,436 —
Commercial paper . . . . . . . . . . . . . 19,999 — — 320,027 — — Municipal bonds . . . . . . . . . . . . . . . — — 16,900 — — 22,743 Money market funds . . . . . . . . . . . . 33,710 — — 32,242 — — Time deposits . . . . . . . . . . . . . . . . . 9,334 — — 9,790 — — _________________ _________________ ______________ _________________ ______________ ______________ Total restricted . . . . . . . . . . . . . . $1,810,404 $ 548,962 $ 16,900 $1,515,968 $271,600 $ 22,743 _________________ _________________ ______________ _________________ ______________ ______________ _________________ _________________ ______________ _________________ ______________ ______________
(1) The City has five pay-fixed interest rate swaps (see Note A.12, A through E) and two basis swaps (see Note A.12, G and K) that are treated as investment derivative instruments. Additionally, the City has one pay-fixed swap (H) that is partially treated as an investment derivative instrument (see Note A.12). On June 30, 2015, the swaps had fair values of $(17,035) thousand, $(5,679) thousand, $(5,679) thousand, $(5,679) thousand, $(14,537) thousand, $2,336 thousand, $(11,703) thousand, and $(16,181) thousand, respectively.
(2) The City had two pay-fixed interest rate swaps (E and F) and two basis swaps (G and K) that were treated as investment derivative instruments. Additionally, the City had five pay-fixed swaps (A-D, and H) that were partially treated as investment derivative instruments. On June 30, 2014, the swaps had fair values of $(15,905) thousand, $(37) thousand, $(3,842) thousand, $(25,957) thousand, $(15,782) thousand, $(5,261) thousand $(5,261) thousand $(5,261) thousand and $(15,207) thousand, respectively.
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NOTES TO FINANCIAL STATEMENTS, Continued
Fair Value Hierarchy
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs (the City does not value any of its investments using level 3 inputs).
The following is a summary of the fair value hierarchy of the fair value of investments of the City as of June 30, 2015 and June 30, 2014: Fair Value Measurements Using Fair Value Measurements Using _____________________________________________ _____________________________________________ Quoted Prices in Significant Quoted Prices in Significant Active Markets Other Active Markets Other for Identical Observable for Identical Observable Investments(1) by Fair Value Level Assets Inputs Assets Inputs 6/30/2015 (Level 1) (Level 2) 6/30/2014 (Level 1) (Level 2) ___________________ ______________________ ___________________ ___________________ ______________________ ___________________ (in thousands)
U.S. Government securities . . . . . . . . . . $ 6,596,073 $878,299 $ 5,717,774 $2,022,523 $176,265 $1,846,258 U.S. Government agency obligations . . 3,120,686 — 3,120,686 2,874,871 — 2,874,871 Commercial paper . . . . . . . . . . . . . . . . . 1,699,849 — 1,699,849 3,340,712 — 3,340,712 Money market funds . . . . . . . . . . . . . . . 273,121 33,710 239,411 404,208 32,242 371,966 Municipal bonds . . . . . . . . . . . . . . . . . . 16,900 — 16,900 22,743 — 22,743 Investment derivative instruments . . . . . (74,157) — (74,157) (92,513) — (92,513) ___________________ ______________ ___________________ _________________ ______________ _________________ Total investments and cash equivalents by fair value level . . . . . . . . . . . . . . . . $11,632,472(2) $912,009 $10,720,463 $8,572,544(2) $208,507 $8,364,037 ___________________ ______________ ___________________ _________________ ______________ _________________ ___________________ ______________ ___________________ _________________ ______________ _________________
(1) Includes cash equivalents carried at fair value by blended components. (2) ECF has not yet adopted GASB Statement No. 72, which will be effective for the year ending June 30, 2016. For the year
ended June 30, 2015 and June 30, 2014, ECF’s listed investments totaled $44.23 million and $47.31 million, respectively.
Investments classified in Level 1 of the fair value hierarchy, valued at $912.01 million and $208.51 million in Fiscal Years 2015 and 2014 respectively, are valued using quoted prices in active markets.
U.S. Government securities totaling $5.50 billion and $1.588 billion, U.S. Government agency obligations totaling $3.12 billion and $2.87 billion, commercial paper totaling $1.7 billion and $3.34 billion, money market funds totaling $239.41 million and $371.97 million and municipal bonds totaling $16.90 million and $22.74 million, in fiscal years 2015 and 2014 respectively, classified in Level 2 of the fair value hierarchy are valued using matrix pricing techniques maintained by various pricing vendors. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. Fair value is defined as the quoted market value on the last trading day of the period. These prices are obtained from various pricing sources by our custodian bank.
U.S. Government securities, totaling $217.74 million and $258.20 million in Fiscal Years 2015 and 2014 respectively, under a forward supply contract classified in Level 2 of the fair value hierarchy are valued using present value and option pricing model techniques.
Investment derivative instruments, totaling ($74.16 million) and ($92.51 million) in Fiscal Years 2015 and 2014, respectively, are classified in Level 2 of the fair value hierarchy. Fair value is described as the exit price that assumes a transaction takes place in the City’s most advantageous market in the absence of a principal market. These inputs include the mid-market valuation and then incorporates the credit risk of either the City or its counterparty and the bid/offer spread that would be charged to the City in order to transact. The mid-market values of the interest rate swaps were estimated using the income approach. This method calculates the future net settlement payments required by the swap, assuming that the current forward rates implied by the yield curve correctly anticipate future spot interest rates. These payments are then discounted using the spot rates implied by the current yield curve for hypothetical zero-coupon bonds due on the date of each future net settlement date.
Interest rate risk. As a means of limiting its exposure to fair value losses arising from rising interest rates, the City’s investment policy limits the weighted average maturity to a period of less than 2 years. The City’s current weighted average maturity is less than 201 days.
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NOTES TO FINANCIAL STATEMENTS, Continued
Credit risk. Investment guidelines and policies are designed to protect principal by limiting credit risk. This is accomplished through ratings, collateral, and diversification requirements that vary according to the type of investment. As of June 30, 2014 and 2013, investments in Fannie Mae or Freddie Mac and Federal Home Loan Bank (FHLB) were rated in the highest long-term or short-term ratings category (as applicable) by Standard & Poor’s and/or Moody’s Investor Service. These ratings were AA+ and A-1+ by Standard & Poor’s and Aaa and P-1 by Moody’s for long-term and short-term instruments, respectively.
Concentration of credit risk. The City’s investment policy limits investments to no more than $250 million invested at any time in either commercial paper of a single issuer or investment agreements with a single provider.
Custodial credit risk-investments. For investments, custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of the outside party. Investment securities are exposed to custodial credit risk if the securities are uninsured, are not registered in the name of the City, and are held by either the counterparty or the counterparty’s trust department or agent but not in the name of the City.
The City’s investment policy related to custodial credit risk calls for limiting its investments to highly rated institutions and/or requiring high quality collateral be held by the counterparty in the name of the City.
Investment Derivative Instruments
Credit risk: The City is exposed to credit risk on investment derivative instruments. To minimize its exposure to loss related to credit risk, it is the City’s policy to require counterparty collateral posting provisions in its investment derivative instruments. These terms require collateralization of the fair value of investment derivative instruments (net of the effect of applicable threshold requirements and netting arrangements) should the counterparty’s credit rating fall below the following:
The counterparty (or its respective guarantor) with respect to derivative instruments B, D, E and H (see Note A.12) is required to post collateral if one of its credit ratings goes below A3/A-. The counterparty with respect to derivative instrument H (see Note A.12) is required to post collateral if one of its credit ratings goes below A2/A. The counterparty with respect to derivative instruments A, C, G and K (see Note A.12) is required to post collateral if it has at least one rating below Aa3 or AA-. The City has never been required to access collateral.
As discussed in Note A.12, it is the City’s policy to enter into netting arrangements whenever it has entered into more than one derivative instrument transaction with a counterparty.
The aggregate fair value of investment derivative instruments requiring collateralization at June 30, 2015 was $(74.16) million. A negative aggregate fair value means the City would have owed payments to the counterparties. The City had no counterparty credit exposure to any of the investment derivative instrument counterparties as of that date.
Interest rate risk: The City is exposed to interest rate risk on its swaps. In derivative instruments A, B, C, D, E and H, pay-fixed, receive-variable interest rate swaps, as LIBOR decreases, the City’s net payment on the swap increases.
Basis risk: The City is exposed to basis risk on derivative instruments A, B, C, D, E and H (see Note A.12) because the variable- rate payment received by the City is based on a rate or index other than the interest rate the City pays on its variable-rate debt. Under the terms of its derivative instruments A, B, C, D, E and H (see Note A.12), the City pays a variable rate on the outstanding underlying bonds based on SIFMA, but receives a variable rate on the swap based on a percentage of LIBOR. In derivative instrument G (see Note A.12), the City’s variable payer rate is based on SIFMA times 1.36 and the City receives 100% of LIBOR in return. The City’s net payments over time will be determined by both the absolute levels of interest rates and the relationship between SIFMA and LIBOR. In derivative instrument K, the City’s variable payer rate is based on SIFMA and its variable receiver rate is based on a percentage of LIBOR. However, the stepped percentages of LIBOR received by the City mitigate the risk that the City will be harmed in low interest rate environments by the compression of the SIFMA and LIBOR indices. As the overall level of interest rate decreases, the percentage of LIBOR received by the City increases.
Tax risk: The City is at risk that a change in Federal tax rates will alter the fundamental relationship between the SIFMA and LIBOR indices. A reduction in Federal tax rates, for example, will likely increase the City’s payment on its underlying variable rate bonds in derivative instruments A, B, C, D, E and H and its variable payer rate in derivative instruments G and K.
Termination risk: The City or its counterparties may terminate a derivative instrument if the other party fails to perform under the terms of the contract. The City is at risk that a counterparty will terminate a swap at a time when the City owes it a termination payment. The City has mitigated this risk by specifying that the counterparty has the right to terminate only as a result of certain events, including: a payment default by the City; other City defaults which remain uncured for 30 days after notice; City bankruptcy;
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NOTES TO FINANCIAL STATEMENTS, Continued
insolvency of the City (or similar events); or a downgrade of the City’s credit rating below investment grade (i.e., BBB-/Baa3). If at the time of termination, an investment derivative instrument is in a liability position, the City would be liable to the counterparty for a payment equal to the liability, subject to netting arrangements.
Counterparty risk: The City is at a risk that a counterparty (or its guarantor) will not meet its obligations under the swap. If a counterparty were to default under its agreement when the counterparty would owe a payment to the City, the City may have to pay another entity to assume the position of the defaulting counterparty. The City has sought to limit its counterparty risk by contracting only with highly-rated entities or requiring guarantees of the counterparty’s obligations under the swap documents.
The discretely presented component units included in the City’s reporting entity maintain their own investment policies that generally conform to those of the City.
The criteria for the Pension and Other Employee Benefit Trust Funds’ and Other Trust Funds’ investments are as follows:
1. Fixed income investments may be made in U.S. Government guaranteed securities or securities of U.S. Government agencies, securities of entities rated BBB or better by both Standard and Poor’s Corporation and Moody’s Investors Service, Inc., and any bond that meets the qualifications of the New York State Retirement and Social Security Law, the New York State Banking Law, and the New York City Administrative Code.
2. Equity investments may be made only in those stocks that meet the qualifications of the New York State Retirement and Social Security Law, the New York State Banking Law, and the New York City Administrative Code.
3. Short-term investments may be made in the following:
a. U.S. Government guaranteed securities or U.S. Government agency securities.
b. Commercial paper rated A1, P1, or F1 by Standard & Poor’s Corporation or Moody’s Investors Service, Inc., or Fitch, respectively.
c. Repurchase agreements collateralized in a range of 100% to 102% of matured value, purchased from primary dealers of U.S. Government securities.
d. Investments in bankers’ acceptances, certificates of deposit, and time deposits are limited to banks with worldwide assets in excess of $50 billion that are rated within the highest categories of the leading bank rating services, and selected regional banks also rated within the highest categories.
e. Other top-rate securities maturing in less than 4 years.
4. Investments up to 25% of total pension fund assets in instruments not specifically covered by the New York State Retirement and Social Security Law.
5. No investment in any one corporation can be: (i) more than 2% of the pension plan net position; or (ii) more than 5% of the total outstanding issues of the corporation.
All investments are held by the City’s custodial banks (in bearer or book-entry form) solely as an agent of the Comptroller of The City of New York on behalf of the various account owners. Payments for purchases are not released until evidence of ownership of the underlying investments are received by the City’s custodial bank.
Securities Lending
State statutes and Board policies permit the Pension and Certain Other Employee Benefit Trust Funds to lend its securities to broker-dealers and other entities for collateral, for the same securities in the future with a simultaneous agreement to return the collateral in the form of cash, treasury and U.S. Government securities. The Funds’ agent lends the following types of securities: short term securities, common stocks, long-term corporate bonds, U.S. Government and U.S. Government agency bonds, asset- backed securities and international equities and bonds held in collective investment funds. In return, the Funds receive collateral in the form of cash, U.S. Treasury and US. Government agency securities at 100% to 105% of the principal plus accrued interest for reinvestment. At June 30, 2015 and 2014, management believes that the Funds had no credit risk exposure to borrowers because the amounts the Funds owed the borrowers equaled or exceeded the amounts the borrowers owed the Funds. The contracts with the Fund’s custodian require the securities lending agent to indemnify the Funds. In the situation when a borrower goes into default, the Agent will liquidate the collateral to purchase replacement securities. Any shortfall before the replacement securities cost and the collateral value is covered by the Agent. All securities loans can be terminated on demand within a period specified in
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NOTES TO FINANCIAL STATEMENTS, Continued
each agreement by either the Funds or the borrowers. Cash collateral is invested by the securities lending agent using approved lender’s investment guidelines. The weighted average maturity is 55 days. The securities lending program in which the Funds participate only allows pledging or selling securities in the case of borrower default.
The City reports securities loaned as assets on the Statement of Fiduciary Net Position. Cash received as collateral on securities lending transactions, and investments made with that cash, are also recorded as assets. Liabilities resulting from these transactions are reported on the Statement of Fiduciary Net Position. Accordingly, the City records the investments purchased with the cash collateral as Investments; Collateral From Securities Lending Transactions with a corresponding liability are recorded as Securities Lending Transactions.
2. Capital Assets
The following is a summary of capital assets activity for the Fiscal Years ended June 30, 2014 and 2015:
Primary Government_____________________________________________________________________________________________ Balance Balance Balance June 30, June 30, June 30,
Primary Government 2013 Additions Deletions 2014 Additions Deletions 2015_________________________________ ____________ ___________ __________ _____________ ___________ ____________ ____________ (in thousands) Governmental Activities: Capital assets, not being depreciated/amortized: Land . . . . . . . . . . . . . . . . . . . . . . $ 1,700,454 $ 90,833 $ 20,553 $ 1,770,734 $ 137,076 $ 60 $ 1,907,750 Construction work-in-progress . . 4,704,891 3,373,572 3,818,819 4,259,644 3,577,653 4,857,381 2,979,916 __________ _________ _________ __________ _________ _________ __________ Total capital assets, not being depreciated/amortized . . . . . . . 6,405,345 3,464,405 3,839,372 6,030,378 3,714,729 4,857,441 4,887,666 __________ _________ _________ __________ _________ _________ __________ Capital assets, being depreciated/amortized: Buildings . . . . . . . . . . . . . . . . . . . 49,288,811 3,226,888 430,700 52,084,999 4,372,039 414,345 56,042,693 Equipment (including software) . . 7,406,025 705,317 261,615 7,849,727 633,302 271,986 8,211,043 Infrastructure . . . . . . . . . . . . . . . . 19,096,204 1,119,471 673,539 19,542,136 1,180,428 448,903 20,273,661 __________ _________ _________ __________ _________ _________ __________ Total capital assets, being depreciated/amortized . . . . . . . 75,791,040 5,051,676 1,365,854 79,476,862 6,185,769 1,135,234 84,527,397 __________ _________ _________ __________ _________ _________ __________ Less accumulated depreciation/amortization: Buildings . . . . . . . . . . . . . . . . . . . 19,907,775 1,588,555 196,793 21,299,537 1,988,833 326,682 22,961,688 Equipment (including software) . 4,900,699 509,198 131,557 5,278,340 548,257 217,327 5,609,270 Infrastructure . . . . . . . . . . . . . . . . 6,877,847 875,677 486,266 7,267,258 891,663 437,053 7,721,868 __________ _________ _________ __________ _________ _________ __________ Total accumulated depreciation/amortization . . . . 31,686,321 2,973,430(1) 814,616 33,845,135 3,428,753(1) 981,062 36,292,826 __________ _________ _________ __________ _________ _________ __________ Total capital assets, being depreciated/amortized, net . . . . 44,104,719 2,078,246 551,238 45,631,727 2,757,016 154,172 48,234,571 __________ _________ _________ __________ _________ _________ __________ Governmental activities capital assets, net . . . . . . . . . . . . . . . . . $50,510,064 $5,542,651 $4,390,610 $51,662,105 $6,471,745 $5,011,613 $53,122,237 __________ _________ _________ __________ _________ _________ __________ __________ _________ _________ __________ _________ _________ __________
(1) Depreciation expense was charged to functions/programs of the City for the Fiscal Years ended June 30, 2015 and 2014 as follows:
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NOTES TO FINANCIAL STATEMENTS, Continued
2015 2014 ______________ ______________ (in thousands)
Governmental activities: General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 535,537 $ 412,838 Public safety and judicial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 422,511 188,031 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,230,095 1,162,064 City University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,313 5,041 Social services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,340 71,659 Environmental protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129,380 148,608 Transportation services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 596,550 567,202 Parks, recreation and cultural activities . . . . . . . . . . . . . . . . . . . 348,016 347,768 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,838 7,377 Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,572 46,936 Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,601 15,906 _________________ _________________ Total depreciation expense-governmental activities . . . . . . . . . $3,428,753 $2,973,430 _________________ _________________ _________________ _________________
The following are the sources of funding for the governmental activities capital assets for the FiscalYears ended June 30, 2015 and 2014. Sources of funding for capital assets are not available prior to Fiscal Year 1987.
2015 2014 ___________________ ___________________ (in thousands)
Capital Projects Funds: Prior to FiscalYear 1987 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,598,496 $ 6,630,099 City and TFA bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79,707,160 75,711,645 Federal grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 519,030 479,184 State grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,842 55,715 Private grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,224 67,224 Capitalized leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,447,311 2,563,373 ___________________ ___________________ Total funding sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $89,415,063 $85,507,240 ___________________ ___________________ ___________________ ___________________
At June 30, 2015 and 2014, the governmental activities capital assets include approximately $1.2 billion of City-owned assets leased for $1 per year to the New York City Transit Authority which operates and maintains the assets. In addition, assets leased to HHC and to the Water and Sewer System are excluded from governmental activities capital assets and are recorded in the respective component unit financial statements.
Included in buildings at June 30, 2015 and 2014, are leased properties that have elements of ownership. These assets are recorded as capital assets as follows:
Capital Leases __________________________________
Governmental activities: 2015 2014 ____________ ___________ (in thousands)
Capital asset: Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,447,311 $2,563,373 Less accumulated amortization . . . . . . . . . . . . . . . . . . . . . . . . . 808,068 861,934 _________________ ___________________ Buildings, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,639,243 $1,701,439 _________________ ___________________ _________________ ___________________
Capital Commitments
At June 30, 2015, the outstanding commitments relating to projects of the New York City Capital Projects Fund amounted to approximately $15.4 billion.
To address the need for significant infrastructure and public facility capital investments, the City has prepared a ten-year capital spending program which contemplates New York City Capital Projects Fund expenditures of $83.8 billion over FiscalYears 2015 through 2024. To help meet its capital spending program, the City and TFA borrowed $3.94 billion in the public credit market in Fiscal Year 2015. The City and TFA plan to borrow $4.80 billion in the public credit market in Fiscal Year 2016.
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NOTES TO FINANCIAL STATEMENTS, Continued
3. Leases
The City leases a significant amount of property and equipment from others. Leased property having elements of ownership is recorded in the government-wide financial statements. The related obligations, in amounts equal to the present value of minimum lease payments payable during the remaining term of the leases, are also recorded in the government-wide financial statements. Other leased property not having elements of ownership are classified as operating leases. Both capital and operating lease payments are recorded as expenditures when payable. Total expenditures on such leases for the Fiscal Years ended June 30, 2015 and 2014 were approximately $942.0 million and $822.0 million, respectively.
As of June 30, 2015, the City (excluding discretely presented component units) had future minimum payments under capital and operating leases with a remaining term in excess of one year as follows: Capital Operating Leases Leases Total ____________ ____________ ____________ (in thousands)Governmental activities:
Fiscal Year ending June 30: 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 182,604 $ 600,566 $ 783,170 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . 179,127 568,367 747,494 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . 175,611 542,610 718,221 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . 167,507 502,741 670,248 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . 167,472 480,179 647,651 2021-2025 . . . . . . . . . . . . . . . . . . . . . . . . . . 680,981 1,903,593 2,584,574 2026-2030 . . . . . . . . . . . . . . . . . . . . . . . . . . 437,826 1,176,924 1,614,750 2031-2035 . . . . . . . . . . . . . . . . . . . . . . . . . . 221,960 337,896 559,856 2036-2040 . . . . . . . . . . . . . . . . . . . . . . . . . . 96,241 48,146 144,387 2041-2045 . . . . . . . . . . . . . . . . . . . . . . . . . . 8,071 16,943 25,014 2046-2050 . . . . . . . . . . . . . . . . . . . . . . . . . . — 11,499 11,499 _________________ _________________ _________________
Future minimum payments . . . . . . . . . 2,317,400 $6,189,464 $8,506,864 _________________ _________________ _________________ _________________ Less: Interest . . . . . . . . . . . . . . . . . . . . . . . . 678,157 _________________
Present value of future minimum payments . . . . . . . . . . . . . . . . . . . . . $1,639,243 _________________ _________________
The present value of future minimum lease payments includes approximately $1.114 billion for leases with Public Benefit Corporations (PBC) where State law generally provides that in the event the City fails to make any required lease payment, the amount of such payment will be deducted from State aid otherwise payable to the City and paid to PBCs.
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NOTES TO FINANCIAL STATEMENTS, Continued
The City also leases City-owned property to others, primarily for markets, ports, and terminals. Total rental revenue on these capital and operating leases for the FiscalYears ended June 30, 2015 and 2014 was approximately $284 million and $311 million, respectively. As of June 30, 2015, the following future minimum rentals are provided for by the leases: Capital Operating Leases Leases Total ____________ ____________ ____________ (in thousands)Governmental activities:
Fiscal Year ending June 30: 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,177 $ 191,764 $ 192,941 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,198 187,718 188,916 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,198 186,010 187,208 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,197 182,578 183,775 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,201 166,193 167,394 2021-2025 . . . . . . . . . . . . . . . . . . . . . . . . . . 5,397 796,960 802,357 2026-2030 . . . . . . . . . . . . . . . . . . . . . . . . . . 5,323 748,044 753,367 2031-2035 . . . . . . . . . . . . . . . . . . . . . . . . . . 5,204 732,855 738,059 2036-2040 . . . . . . . . . . . . . . . . . . . . . . . . . . 2,365 715,377 717,742 2041-2045 . . . . . . . . . . . . . . . . . . . . . . . . . . 2,033 713,654 715,687 2046-2050 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,858 711,235 713,093 2051-2055 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800 129,721 131,521 2056-2060 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800 65,417 67,217 2061-2065 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800 65,417 67,217 2066-2070 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800 65,204 67,004 2071-2075 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800 63,292 65,092 2076-2080 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,619 54,596 56,215 2081-2085 . . . . . . . . . . . . . . . . . . . . . . . . . . — 48,017 48,017 2086-2090 . . . . . . . . . . . . . . . . . . . . . . . . . . — 14,405 14,405 Thereafter until 2106 . . . . . . . . . . . . . . . . . — 2 2 ____________ _________________ _________________
Future minimum lease rentals . . . . . . 38,770 $5,838,459 $5,877,229 _________________ _________________ _________________ _________________ Less interest . . . . . . . . . . . . . . . . . . . . . . . . 24,780 ____________
Present value of future minimum lease rentals . . . . . . . . . . . . . . . . . . $13,990 ____________ ____________
4. Service Concession Arrangements
The City is the transferor in 66 Service Concession Arrangements contracted at the Parks Department. The agreements convey to the operators the right, either through licenses or permits, to construct capital assets and operate and maintain all service concessions. The City has the right to approve the type of services the operators may provide and the fees that may be charged by the operators to the public. As per the agreements, the operators provide high-quality amenities and facilities to park users, which generate General Fund revenues for the City and also create valuable business and employment opportunities for the public. The Parks Department operators help preserve some of the City’s unique park facilities and provide public amenities while creating and developing new park destinations with fewer public funds.
The Service Concession Agreements do not contain any upfront payments from the operators nor are there any guarantees or commitments by the City. By concession type, the value of the Capital Assets associated with the above Service Concession Arrangements and the deferred inflows resulting from such arrangements are as follows at June 30:
2015 2014 _________________________ _________________________ __________________________________ _________________________ _________________________ __________________________________ Number of Deferred Capital Assets Number of Deferred Capital Assets Concession Type concessions inflows Value concessions inflows Value____________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ (in thousands) (in thousands) Restaurants . . . . . . . . . . . . . . . . . . . . . . . 24 $ 48,063 $ 86,718 23 $ 56,062 $ 89,281 Sports Centers . . . . . . . . . . . . . . . . . . . . 15 21,926 52,102 15 26,252 53,996 Golf Courses . . . . . . . . . . . . . . . . . . . . . 14 29,262 48,399 15 32,665 50,264 Gas Stations . . . . . . . . . . . . . . . . . . . . . . 6 517 783 6 546 807 Amusement Parks/Carousels . . . . . . . . . 3 45,789 78,895 3 55,293 81,151 Stables . . . . . . . . . . . . . . . . . . . . . . . . . . 2 80 418 3 155 691 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 24 230 2 66 237 _____ __________________ __________________ _____ __________________ __________________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 $145,661 $267,545 67 $171,039 $276,432 _____ __________________ __________________ _____ __________________ __________________ _____ __________________ __________________ _____ __________________ __________________
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NOTES TO FINANCIAL STATEMENTS, Continued
5. Long-Term Liabilities
Changes in Long-term liabilities
In Fiscal Years 2014 and 2015, the changes in long-term liabilities were as follows: Due Balance Balance Balance Within June 30, June 30, June 30, One Primary Government 2013 Additions Deletions 2014 Additions Deletions 2015 Year__________________________________ __________ _________ _________ __________ _________ _________ __________ _________ (in thousands) Governmental activities: Bonds and notes payable General Obligation Bonds(1) . . . . . . . . . . $ 41,591,938 $ 4,882,530 $ 4,809,835 $ 41,664,633 $ 3,249,510 $ 4,454,196 $ 40,459,947 $2,231,100 TFA bonds . . . . . . . . . . . . . . . . . . . . . 29,202,450 3,384,420 1,548,050 31,038,820 5,175,795 2,364,510 33,850,105 845,640 TSASC bonds . . . . . . . . . . . . . . . . . . . 1,245,440 — 17,070 1,228,370 — 6,335 1,222,035 — IDA bonds . . . . . . . . . . . . . . . . . . . . . 92,590 — 2,835 89,755 — 2,975 86,780 3,115 STAR bonds . . . . . . . . . . . . . . . . . . . . 1,985,415 — 10,885 1,974,530 2,035,330 1,974,530 2,035,330 73,935 FSC bonds . . . . . . . . . . . . . . . . . . . . . 259,850 — 29,060 230,790 — 33,415 197,375 22,205 HYIC bonds . . . . . . . . . . . . . . . . . . . . 3,000,000 — — 3,000,000 — — 3,000,000 — ECF bond . . . . . . . . . . . . . . . . . . . . . . 268,045 — 1,890 266,155 — 1,965 264,190 2,055 Tax lien collateralized bonds . . . . . . . . . . 33,656 91,366 79,241 45,781 95,479 107,029 34,231 — ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ _________________ Total before premiums/discounts(net) . . . . 77,679,384 8,358,316 6,498,866 79,538,834 10,556,114 8,944,955 81,149,993 3,178,050 Less premiums/(discounts)(net) . . . . . . . 2,956,104 622,151 416,276 3,161,979 999,675 336,578 3,825,076 — ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ _________________ Total bonds and notes payable . . . . . . . . 80,635,488 8,980,467 6,915,142 82,700,813 11,555,789 9,281,533 84,975,069 3,178,050 Capital lease obligations . . . . . . . . . . . . . 1,739,489 75,467 113,517 1,701,439 93,015 155,211 1,639,243 72,655 Other tax refunds . . . . . . . . . . . . . . . . . . . 1,941,656 179,703 186,656 1,934,703 312,193 145,704 2,101,192 254,193 Judgments and claims . . . . . . . . . . . . . . . 6,237,128 1,812,784 1,136,454 6,913,458 1,148,392 1,275,197 6,786,653 1,414,872 Real estate tax certiorari . . . . . . . . . . . . . 880,342 184,227 178,608 885,961 205,290 152,629 938,622 169,948 Vacation and sick leave . . . . . . . . . . . . . . 4,150,269 76,029 290,632 3,935,666 355,296 310,233 3,980,729 310,233 Pension liability . . . . . . . . . . . . . . . . . . . 59,941,126 — 13,343,041 46,598,085 5,400,902 — 51,998,987 — OPEB liability . . . . . . . . . . . . . . . . . . . . . 92,521,346 78,551 3,114,775 89,485,122 (864,197) 3,136,373 85,484,552 — Landfill closure and postclosure care costs.. . . . . . . . . . . . . . . . . . . . . . 1,128,812 394,850 57,029 1,466,633 105,030 63,303 1,508,360 87,469 Pollution remediation obligation . . . . . . . 216,754 234,404 213,551 237,607 228,622 215,998 250,231 214,775 ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ _________________ Total changes in governmental activities long-term liabilities . . . . . . . . . . . . . . $249,392,410 $12,016,482 $25,549,405 $235,859,487 $18,540,332 $14,736,181 $239,663,638 $5,702,195 ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ _________________ ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ _________________
(1) General Obligation Bonds are generally liquidated with resources of the General Debt Service Fund. Other long-term liabilities are generally liquidated with resources of the General Fund.
The bonds and notes payable at June 30, 2014 and 2015, summarized by type of issue are as follows:
2014 2015______________________________________________ ______________________________________________ City Other bonds City Other bonds General and notes General and notes Primary Government Obligation(1) payable(2) Revenue(3) Total Obligation(1) payable(2) Revenue(3) Total__________________________________ ___________ __________ _________ __________ __________ _________ __________ _________ (in thousands) Governmental activities: Bonds and notes payable General obligation bonds . . . . . . . . . . $41,664,633 $ — $ — $41,664,633 $40,459,947 $ — $ — $40,459,947 TFA bonds . . . . . . . . . . . . . . . . . . . . . — 24,987,400 — 24,987,400 — 26,424,345 26,424,345 TFA bonds BARBs . . . . . . . . . . . . . . . — — 6,051,420 6,051,420 — — 7,425,760 7,425,760 TSASC bonds . . . . . . . . . . . . . . . . . . . — — 1,228,370 1,228,370 — — 1,222,035 1,222,035 IDA bonds . . . . . . . . . . . . . . . . . . . . . — 89,755 — 89,755 — 86,780 86,780 STAR bonds . . . . . . . . . . . . . . . . . . . . — — 1,974,530 1,974,530 — — 2,035,330 2,035,330 FSC bonds . . . . . . . . . . . . . . . . . . . . . — — 230,790 230,790 — — 197,375 197,375 HYIC bonds . . . . . . . . . . . . . . . . . . . . — — 3,000,000 3,000,000 — — 3,000,000 3,000,000 ECF bonds . . . . . . . . . . . . . . . . . . . . . — — 266,155 266,155 — — 264,190 264,190 Tax lien collateralized bonds. . . . . . . . — — 45,781 45,781 — — 34,231 34,231 ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ ___________________ Total before net of premium / discount . . 41,664,633 25,077,155 12,797,046 79,538,834 40,459,947 26,511,125 14,178,921 81,149,993 Premiums/(discounts)(net) . . . . . . . . . 1,577,393 1,437,303 147,283 3,161,979 1,599,541 1,588,851 636,684 3,825,076 ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ ___________________ Total bonds payable . . . . . . . . . . . . $43,242,026 $26,514,458 $12,944,329 $82,700,813 $42,059,488 $28,099,976 $14,815,605 $84,975,069 ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ ___________________ ______________________ ___________________ ___________________ ______________________ ___________________ ___________________ _____________________ ___________________
(1) The City issues its General Obligation for capital projects which include construction, acquisition, repair or life extending maintenance of the City’s infrastructure.
(2) Other bonds and notes payable includes TFA (excluded BARBs) and IDA. They are general obligations of the respective issuers. (3) Revenue bonds include ECF, FSC, HYIC, STAR, TFA (BARBs), NYCTLTs and TSASC.
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NOTES TO FINANCIAL STATEMENTS, Continued
The following table summarizes future debt service requirements as of June 30, 2015: Governmental Activities _______________________________________________________________________________________________________ City General Obligation Bonds Other Bonds and Notes Payable Revenue Bonds_______________________________ ______________________________ _____________________________ Primary Government Principal Interest(1) Principal Interest Principal Interest_________________________________________________ _____________ _____________ ____________ ____________ ____________ ____________
(in thousands) Fiscal year ending June 30: 2016 . . . . . . . . . . . . . . $ 2,231,100 $ 1,713,056 $ 710,770 $ 1,015,573 $ 236,180 $ 687,159 2017 . . . . . . . . . . . . . . 2,309,521 1,630,810 858,180 1,031,071 295,770 692,957 2018 . . . . . . . . . . . . . . 2,283,150 1,528,334 922,970 998,102 311,265 680,008 2019 . . . . . . . . . . . . . . 2,227,241 1,425,182 1,204,480 959,686 341,845 665,696 2020 . . . . . . . . . . . . . . 2,342,145 1,320,625 1,213,450 914,868 314,250 649,940 2021-2025 . . . . . . . . . . 10,961,533 5,061,093 5,871,610 3,899,052 1,842,435 2,998,567 2026-2030 . . . . . . . . . . 8,498,238 2,781,194 5,609,015 2,751,119 2,341,211 2,473,629 2031-2035 . . . . . . . . . . 5,730,812 1,239,157 4,431,940 1,708,289 2,777,865 1,848,641 2036-2040 . . . . . . . . . . 3,066,698 278,457 4,172,235 666,220 1,681,180 1,222,033 2041-2045 . . . . . . . . . . 809,463 23,264 1,516,475 48,688 1,036,920 864,976 2046-2050 . . . . . . . . . . 3 13 — — 3,000,000 153,125 Thereafter until 2147 . . 43 147 — — — — ____________________ ____________________ ___________________ ___________________ ___________________ ____________________ Total future debt
service requirements 40,459,947 17,001,332 26,511,125 13,992,668 14,178,921 12,936,731 Less interest component . . . . . . . . — 17,001,332 — 13,992,668 — 12,936,731 ____________________ ____________________ ___________________ ___________________ ___________________ ____________________
Total principal outstanding . . . . . $40,459,947 $ — $26,511,125 $ — $14,178,921 $ — ____________________ ____________________ ___________________ ___________________ ___________________ ____________________ ____________________ ____________________ ___________________ ___________________ ___________________ ____________________
(1) Includes interest for general obligation bonds estimated at a 2% rate on tax-exempt adjustable rate bonds and at a 3% rate on taxable adjustable rate bonds.
The average (weighted) interest rates for outstanding City General Obligation Bonds as of June 30, 2015 and 2014, were 4.35% and 4.36%, respectively, and both ranged from 0% to 8.6%. The last maturity of the outstanding City debt is in the year 2147.
Since the City has variable rate debt outstanding, the terms by which interest rates change for variable rate debt are as follows: for Auction Rate Securities, an interest rate is established periodically by an auction agent at the lowest clearing rate based upon bids received from broker-dealers. Variable Rate Demand Bonds (VRDBs) are long-term bonds that have a daily or weekly “put” feature backed by a bank Letter of Credit or Stand By Bond Purchase Agreement. VRDBs are repriced daily or weekly and provide investors with the option to tender the bonds at each repricing. A broker, called a Remarketing Agent, is responsible for setting interest rates and reselling to new investors any securities that have been tendered. CPI Bonds pay the holder a floating interest rate tied to the consumer price index. The rate is a fixed spread plus a floating rate equal to the change in the Consumer Price Index-Urban (CPI-U) for a given period. LIBOR Bonds pay the holder a floating interest rate calculated as a percentage of the LIBOR. SIFMA Index Bonds pay the holder a floating index rate based on the Securities Industry and Financial Markets Association Municipal Swap Index plus spread.
In Fiscal Years 2015 and 2014, the City issued $1.78 billion and $2.61 billion, respectively, of General Obligation Bonds to advance refund General Obligation Bonds of $1.96 billion and $2.83 billion, respectively, aggregate principal amounts. The net proceeds from the sales of the refunding bonds, together with other funds of $49.12 million and $32.45 million, respectively, were irrevocably placed in escrow accounts and invested in United States Government securities. As a result of providing for the payment of the principal and interest to maturity, and any redemption premium, the advance refunded bonds are considered to be defeased and, accordingly, the liability is not reported in the government-wide financial statements. In Fiscal Year 2015, the refunding transactions will decrease the City’s aggregate debt service payments by $278.36 million and provide an economic gain of $241.97 million. In Fiscal Year 2014, the refunding transactions decreased the City’s aggregate debt service payments by $246.30 million and provided an economic gain of $216.89 million. At June 30, 2015 and 2014, $20.23 billion and $19.67 billion, respectively, of the City’s outstanding General Obligation Bonds were considered defeased.
The State Constitution requires the City to pledge its full faith and credit for the payment of the principal and interest on City term and serial bonds and guaranteed debt. The GO debt-incurring power of the City is limited by the Constitution to 10% of the average of five years’ full valuations of taxable real estate. Excluded from this debt limitation is certain indebtedness incurred for water supply, certain obligations for transit, sewage, and other specific obligations which exclusions are based on a relationship of
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NOTES TO FINANCIAL STATEMENTS, Continued
debt service to net revenue. In July 2009, the New York State Assembly passed legislation stipulating that certain TFA debt would be included in the calculation of debt-incurring margin within the debt limit of the City.
As of July 1, 2015 and 2014, the 10% general limitation was approximately $85.18 billion and $81.35 billion, respectively. Also, as of July 1, 2015, the City’s remaining GO debt-incurring power totaled $27.76 billion, after providing for capital commitments.
Pursuant to State law, the City’s General Debt Service Fund is administered and maintained by the State Comptroller. Payments of real estate taxes and other revenues are deposited in advance of debt service payment dates into the Fund. Debt service on all City notes and bonds is paid from this Fund. In Fiscal Year 2015, discretionary transfers of $1.98 billion were made from the General Fund to the General Debt Service Fund for Fiscal Year 2016 debt service. In Fiscal Year 2014, discretionary and other transfers of $620.54 million were made from the General Fund to the General Debt Service Fund for FiscalYear 2015 debt service. In addition, in FiscalYear 2015, discretionary transfers of $1.58 billion were made to component unit Debt Service Funds.
Hedging derivative instrument payments and hedged debt
The table that follows represents debt service payments on certain general obligation variable-rate bonds and net receipts/payments on associated hedging derivative instruments (see Note A.12), as of June 30, 2015. Although interest rates on variable rate debt and the current reference rates of hedging derivative instruments change over time, the calculations included in the table below are based on the assumption that the variable rate and the current reference rates of hedging derivative instruments on June 30, 2015 will remain the same for their term.
Governmental Activities ___________________________________________________________________ General Obligation Bonds Hedging Derivative ______________________________ Principal Interest Instruments, Net Total ____________ ____________ _________________ ___________ (in thousands) Fiscal year ending June 30: 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,980 $1,211 $ 7,762 $ 20,953 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,125 828 7,546 22,498 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,040 347 7,275 25,661 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 75 7,122 7,197 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 75 7,122 7,197 2021-2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,950 372 35,323 55,645 2026-2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182,785 213 20,244 203,243 2031-2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,265 14 1,359 48,638 _________ ________ ________ _________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $294,145 $3,135 $93,753 $391,033 _________ ________ ________ _________ _________ ________ ________ _________
Judgments and Claims
The City is a defendant in lawsuits pertaining to material matters, including claims asserted which are incidental to performing routine governmental and other functions. This litigation includes, but is not limited to: actions commenced and claims asserted against the City arising out of alleged constitutional violations; torts; breaches of contract; other violations of law; and condemnation proceedings.
As of June 30, 2015 and 2014, claims in excess of $1.15 trillion and $1.14 trillion, respectively, were outstanding against the City for which the City estimates its potential future liability to be $6.78 billion and $6.91 billion, respectively.
As explained in Note A.10, the estimate of the liability for all judgments and claims has been reported in the government-wide Statement of Net Position under noncurrent liabilities. The liability was estimated by using the probable exposure information provided by the New York City Law Department (Law Department), and supplemented by information provided by the Law Department with respect to certain large individual claims and proceedings. The recorded liability is the City’s best estimate based on available information and application of the foregoing procedures.
Complaints on behalf of approximately 11,900 plaintiffs alleging respiratory or other injuries from alleged exposures to World Trade Center dust and debris at the World Trade Center site or the Fresh Kills landfill were commenced against the City and other entities involved in the post-September 11 rescue and recovery process. Plaintiffs include, among others, Department of Sanitation employees, firefighters, police officers, construction workers and building clean-up workers. The actions were consolidated in Federal District Court pursuant to the Air Transportation and System Stabilization Act, which grants exclusive Federal jurisdiction
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NOTES TO FINANCIAL STATEMENTS, Continued
for all claims related to or resulting from the September 11 attack. A not-for-profit “captive” insurance company, WTC Captive, was formed to cover claims against the City and its private contractors relating to debris removal work at the World Trade Center site and the Fresh Kills landfill. WTC Captive was funded by a grant from the Federal Emergency Management Agency in the amount of $999.9 million. On June 10, 2010, WTC Captive announced that a settlement was reached with attorneys for the plaintiffs. On November 19, 2010, District Court Judge Hellerstein announced that more than the required 95% of plaintiffs agreed to the settlement, thus making it effective. Approximately $642.5 million has been paid under the settlement, leaving residual funds of approximately $326 million to insure and defend the City and its contractors against any new claims. Additionally, the City is threatened with third-party claims in several hundred building clean-up cases to which it is currently not a party. Since the applicable statute of limitations runs from the time a person learns of his or her injury or should reasonably be aware of the injury, additional plaintiffs may bring lawsuits in the future, which could result in substantial damages. No assurance can be given that the insurance will be sufficient to cover all liability that might arise from such claims.
In 1996, a class action was brought against the City and the State under Title VII of the Civil Rights Act of 1964 alleging that the use by the New York City Board of Education of two teacher certification examinations mandated by the State had a disparate impact on minority candidates. In 2006, the United States Court of Appeals for the Second Circuit dismissed the claims against the State. In December 2012, the District Court decided a controlling legal question against the City. On February 4, 2013, the Second Circuit affirmed the District Court’s decision. The District Court has appointed a Special Master to oversee claimants’ individualized hearings both as to damages and eligibility for Board of Education employment. The hearings relate to members of the class that took the Liberal Arts and Science Test (LAST) from 1996 to 2004. Currently, 3,916 such individuals have submitted claim forms and may be eligible for damages. On June 5, 2015, the Court ruled that a second version of LAST, LAST-2, that was administered from 2004 to 2014, violated Title VII, because it did not measure skills necessary to do the job. In addition, the Court’s neutral expert is of the opinion that the State’s new teacher certification test, the Academic Literacy Skills Test (ALST), administered since Spring 2014, was also not properly validated. The plaintiffs could accordingly seek to expand the damages class. If approved by the Court, the extent to which this would extend the class is not known at this time. The potential cost to the City is uncertain at this time but could be significant.
The Federal Department of Health and Human Services Office of Inspector General (HHS OIG) conducted a review of Medicaid Personal Care Services claims made by providers in the City from January 1, 2004 through December 31, 2006, and concluded that 18 out of 100 sampled claims by providers failed to comply with Federal and State requirements. The Medicaid Personal Care Services program in the City is administered by the City’s Human Resources Administration. In its audit report issued in June 2009, the HHS OIG, extrapolating from the case sample, estimated that the State improperly claimed $275.3 million in Federal Medicaid reimbursement during the audit period and recommended to the Center for Medicare and Medicaid Services (CMS) that it seek to recoup that amount from the State. To the City’s knowledge, CMS has not taken any action to recover amounts from the State based on the findings in this audit, but no assurance can be given that it will not do so in the future. Section 22 of Part B of Chapter 109 of the Laws of 2010 amended an earlier unconsolidated State law to set forth a process under which the State Department of Health may recover from a social services district, including the City, the amount of a Federal Medicaid disallowance or recovery that the State Commissioner of Health “determines was caused by a district’s failure to properly administer, supervise or operate the Medicaid program.” Such a determination would require a finding that the local agency had “violated a statute, regulation or clearly articulated written policy and that such violation was a direct cause of the Federal disallowance or recovery.” It is not clear whether the recovery process set out in the amendment can be applied to a Federal disallowance against the State based upon a pre-existing audit; however, in the event that it does, and results in a final determination by the State Commissioner of Health against the City, such a determination could result in substantial liability for the City as a result of the audit.
A lawsuit has been brought against the City in the United States District Court for the Southern District of New York by School Safety Agents alleging violation of the Federal Equal Pay Act, Title VII of the Civil Rights Act of 1964 and provisions of State law. Plaintiffs claim that School Safety Agents (who are predominantly female) earn less pay than Special Officers (who are predominantly male) although both jobs require substantially equal skill, effort and responsibility. The case has been certified as a class action. Although the case was commenced by three named plaintiffs in 2010, 4,900 plaintiffs subsequently opted into the lawsuit. Plaintiffs seek injunctive relief and damages. A settlement was approved by the Court on March 26, 2015. The estimated settlement amount is $32 to $35 million plus reasonable attorney’s fees to be determined by the Court. The City accrued $38 million in 2015 regarding this lawsuit.
On October 27, 2014 a lawsuit under the False Claims Act against the City and Computer Sciences Corporation, a contractor that participated in the submission of claims for Medicaid reimbursement, was unsealed in the United States District Court for the Southern District of New York. Plaintiffs, consisting of the Federal government and a relator, allege fraud in connection with the
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NOTES TO FINANCIAL STATEMENTS, Continued
use of diagnosis and other codes in seeking Medicaid reimbursement in connection with the Early Intervention Program. Plaintiffs seek treble damages and penalties. If plaintiffs were to ultimately prevail the City could be subject to substantial liability.
A personal injury lawsuit brought in 1998 alleges that a 12-year-old female suffered brain injuries as a result of the negligent actions of City emergency medical technicians. On May 28, 2014, a Bronx jury awarded plaintiffs a $172 million judgment. On December 22, 2014, the parties to the lawsuit agreed to a settlement amount of $25 million. The City accrued $25 million in 2015 regarding this lawsuit.
In July 2014, disability rights advocates organizations and disabled individuals commenced a putative class action against the City in the United States District Court for the Southern District of New York. Plaintiffs allege, among other matters, that the City has not complied with certain requirements of the Americans with Disabilities Act with respect to the installation, configuration and maintenance of curb ramps on sidewalks and requirements for sidewalk walkways in general in Manhattan south of 14th Street. If plaintiffs were to prevail, the City could be subject to substantial compliance costs.
The United States Department of Justice is investigating potential False Claims Act violations in connection with Federal E-Rate program funding for the Department of Education (DOE). The program provides eligible schools and libraries funding for eligible telecommunications services. The Federal Communications Commission is also investigating E-Rate funding for DOE. If DOE or the City were to be a defendant in a False Claims Act lawsuit or other proceeding relating to the E-Rate program, they could be subject to substantial liability.
Con Edison has challenged the City’s method of valuation for determining assessments of certain of its properties in two separate actions. Con Edison has challenged the City’s tax assessments on its Manhattan East River plants for tax years 1994/1995 through 2014/2015 and the City’s special franchise assessment on its electric grid located in the public right of way for tax years 2009/2010 through 2014/2015. The challenges could result in substantial real property tax refunds by the City in fiscal years 2016 and beyond.
In 2014, a class action seeking declaratory and injunctive relief was filed on the basis that the City’s real property tax classification system as prescribed by State law violates the Fair Housing Act, denies plaintiffs equal protection and due process rights and results in disparate, adverse and discriminatory treatment of the City’s African-American and Hispanic renters. The City believes this case has no merit.
Midtown TDR Ventures LLC and Midtown GCT Ventures LLC. vs. The City of New York, et al., commenced on September 28, 2015, alleging that a change in the City’s zoning laws resulted in an unconstitutional taking of the value of transferrable development rights associated with Grand Central Terminal and seeking approximately $1.2 billion in damages. The City believes it has strong defenses against the claims and it is not possible at this time to predict if there is any potential liability.
In addition to the above claims and proceedings, numerous real estate tax certiorari proceedings alleging overvaluation, inequality and illegality are pending against the City. Based on historical settlement activity, and including an estimated premium for inequality of assessment, the City estimates its potential future liability for outstanding certiorari proceedings to be $938 million and $886 million at June 30, 2015 and 2014, respectively, as reported in the government-wide financial statements.
Landfill Closure and Postclosure Care Costs
The City’s only active landfill after October 9, 1993, was the Fresh Kills landfill which has been closed since 2002. Upon the landfill becoming inactive, the City is required by Federal and State law, and under Consent Order with the New York State Department of Environmental Conservation to complete the Final Closure Plan, and to provide postclosure care for a minimum period of 30 years following closure. The Final Closure Plan includes the construction of final cover, stormwater management, leachate mitigation and/or corrective measures, and landfill gas control systems. Postclosure care includes environmental monitoring, and the operation, maintenance, recordkeeping and reporting for the final closure systems.
The liability for these activities as of June 30, 2015, which equates to the total estimated current cost, is $1.30 billion. There are no costs remaining to be recognized. Cost estimates are based on current data including contracts awarded by the City, contract bids, and engineering studies. These estimates are subject to adjustment for inflation and to account for any changes in landfill conditions, regulatory requirements, technologies, or cost estimates. For government-wide financial statements, the liability for closure and postclosure care is based on total estimated current cost. For fund financial statements, expenditures are recognized using the modified accrual basis of accounting when the related liability is incurred and the payment is due.
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NOTES TO FINANCIAL STATEMENTS, Continued
Resource Conservation and Recovery Act Subtitle D Part 258, which became effective April, 1997, requires financial assurance regarding closure and postclosure care. This assurance was most recently provided, on February 26, 2015, by the City’s Chief Financial Officer placing in the Fresh Kills landfill operating record representations in satisfaction of the Local Government Financial Test. As of June 30, 2015, the financial assurance cost estimate for the Fresh Kills Landfill is $1.07 billion.
The City has five inactive hazardous waste sites not covered by the EPA rule. The City has recorded the long-term liability for these postclosure care costs in the government-wide financial statements.
During Fiscal Year 2015, expenditures for landfill and inactive hazardous waste site closure and postclosure care costs totaled $67.1 million.
The following represents the City’s total landfill and hazardous waste sites liability which is recorded in the government-wide Statement of Net Position: Amount ____________ (in thousands)
Landfill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,299,077 Hazardous waste sites . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209,283 _________________ Total landfill and hazardous waste sites liability . . . . . . . . . . . . . . $1,508,360 _________________ _________________
Pollution Remediation Obligations
The pollution remediation obligations (PROs) at June 30, 2015 and June 30, 2014 summarized by obligating event and pollution type, respectively, are as follows:
Obligating Event Fiscal Year 2015 Fiscal Year 2014_______________ _______________________________ _____________________________ Amount Percentage Amount Percentage _____________ ___________ _____________ ___________ (in thousands) (in thousands)
Imminent endangerment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 111 —% $ 143 0.1% Violation of pollution prevention-related permit or license . . — — 108 0.1 Named by regulator as a potentially responsible party . . . . . . 50,964 20.4 50,344 21.1 Voluntary commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . 199,156 79.6 187,012 78.7 __________ _______ __________ _______ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250,231 100.0% $237,607 100.0% __________ _______ __________ _______ __________ _______ __________ _______
Pollution Type Amount Percentage Amount Percentage_____________ _____________ ___________ _____________ ___________ (in thousands) (in thousands)
Asbestos removal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $135,900 54.3% $139,837 58.9% Lead paint removal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,501 3.4 12,145 5.0 Soil remediation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,338 18.5 32,927 13.9 Water remediation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,784 23.1 50,791 21.4 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,708 0.7 1,907 0.8 __________ _______ __________ _______ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250,231 100.0% $237,607 100.0% __________ _______ __________ _______ __________ _______ __________ _______
(1) There are no expected recoveries to reduce the liability.
The PRO liability is derived from registered multi-year contracts which offsets cumulative expenditures (liquidated/unliquidated) against original encumbered contractual amounts. The potential for changes to existing PRO estimates is recognized due to such factors as: additional remediation work arising during the remediation of an existing pollution project; remediation activities may find unanticipated site conditions resulting in necessary modifications to work plans; changes in methodology during the course of a project may cause cost estimates to change, e.g., the new ambient air quality standard for lead considered a drastic change will trigger the adoption of new/revised technologies for compliance purposes; and changes in the quantity which is paid based on actual field measured quantity for unit price items measured in cubic meters, linear meters, etc. Consequently, changes to original estimates are processed as change orders. Further, regarding pollution remediation liabilities that are not yet recognized because they are not reasonably estimable, the Law Department relates that we have approximately 22 cases involving hazardous substances, including spills from above and underground storage tanks, and other condemnation on, or caused by facilities on City-owned property. There are also two cases involving environmental review and land use, and two cases involving polychlorinated biphenyls caulk in the public schools. Due to the uncertainty of the legal proceedings we cannot estimate a future liability.
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NOTES TO FINANCIAL STATEMENTS, Continued
The City of New York, in compliance with New York State Department of Environmental Conservation Permit Number 2-6302- 00007/00019 issued pursuant to 6 NYCRR Part 360, must provide financial assurance for the closure of the North Shore Marine Transfer Station. Such surety instrument must conform to the requirements of 6 NYCRR Part 260-1.12. The liability for closure as of June 30, 2015, which equates to the total current cost, is $964 thousand. The cost estimate is based on current data and is representative of the cost that would be incurred by an independent party. The estimate is subject to adjustment for inflation and to account for changes in regulatory requirements or cost estimates. For government-wide financial statements, the liability for closure is based on total estimated current cost. For fund financial statements, expenditures are recognized using the modified accrual basis of accounting when the related liability is incurred and the payment is due.
On Monday, October 29, 2012, Superstorm Sandy hit the Mid-Atlantic East Coast. The storm caused widespread damage to the coastal and other low lying areas of the City and power failures in various parts of the City, including most of downtown Manhattan. Although it is not possible for the City to quantify the full, long-term impact of the storm on the City and its economy, the current estimate of costs to the City and HHC is approximately $9.7 billion. Of such amount, approximately $2.1 billion represents expense funding for emergency response, debris removal and emergency protective measures, and approximately $7.6 billion represents capital funding of long-term permanent work to restore damaged infrastructure.
The Financial Plan assumes that the City’s costs relating to emergency services and the repair of damaged infrastructure as a result of the storm will ultimately be paid from non-City sources, primarily the federal government. On January 29, 2013, President Obama signed legislation providing for approximately $50.5 billion in storm-related aid for the region affected by the storm. The maximum reimbursement rate from the Federal Emergency Management Agency (FEMA) is 90% of total costs. Other funding sources may have larger local share percentages. The City expects to use $755 million of Community Development Block Grant Recovery funding allocated by the U.S. Department of Housing and Urban Development to meet the local share requirements of the FEMA funding, as well as recovery work not funded by FEMA or other federal sources. This allocation would be available to fill gaps in such FEMA funding. No assurance can be given that the City will be reimbursed for all of its costs or that such reimbursements will be received within the time periods assumed in the Financial Plan. In addition, the City may incur costs relating to flood insurance that are not reflected in the Financial Plan, which could offset some reimbursements.
In June 2013, the City released a report that analyzed the City’s climate risks and outlined certain recommendations to address those risks. The report included a first phase of recommendations with a total estimated cost of nearly $20 billion. Such recommendations involve City and non-City assets and programs, and reflect both expense and capital funding from the City along with other sources. The report identified approximately $10 billion to be provided through a combination of $6.5 billion of City capital funding included in the Ten Year Capital Strategy for City infrastructure and coastal protection and federal relief already appropriated by Congress and allocated to the City. Additional costs would require increased federal or other funding and increased City capital or expense funding. The City issued an updated report in April 2015 as part of One New York: The Plan for a Strong and Just City.
On March 2, 2010, the United States Environmental Protection Agency (EPA) listed the Gowanus Canal (the Canal), a waterway located in the City, as a federal Superfund site under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). EPA considers the City a potentially responsible party (PRP) under CERCLA, based on contaminants from currently and formerly City-owned and operated properties, as well as from the City’s combined sewer overflows (CSOs). On September 30, 2013, EPA issued the Record of Decision (ROD) for the Canal, setting forth requirements for dredging contaminated sediment in the Canal and covering it with a cap as well as source control requirements. The ROD requires that two CSO retention tanks be constructed as part of the source control component of the remedy. EPA estimates that the costs of the tanks will be approximately $85 million and the overall cleanup costs (to be allocated among potentially responsible parties) will be $506 million. The City anticipates that the actual cleanup costs could substantially exceed EPA’s cost estimate. On May 28, 2014, EPA issued a unilateral administrative order requiring the City to design major components of the remedy for the Canal, including the CSO retention tanks, remediation of the First Street basin (a currently filled-in portion of the Canal), and stormwater controls. On June 23, 2014, the City notified EPA of its intent to commence design of the tanks but also outlined several major legal and practical problems with the unilateral administrative order. The City is proceeding with siting and design for the proposed tanks, in accordance with the order.
On September 27, 2010, EPA listed Newtown Creek, the waterway on the border between Brooklyn and Queens, New York, as a Superfund site. On April 6, 2010, EPA notified the City that EPA considers the City a PRP under CERCLA for hazardous substances in Newtown Creek. In its Newtown Creek PRP notice letter, EPA identified historical City activities that filled former wetlands and low lying areas in and around Newtown Creek and releases from formerly City-owned and operated facilities,
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NOTES TO FINANCIAL STATEMENTS, Continued
including municipal incinerators, as well as discharges from sewers and CSO outfalls, as potential sources of hazardous substances in Newtown Creek. In July, 2011, the City entered into an Administrative Settlement Agreement and Order on Consent (AOC) with EPA and five other PRPs to conduct an investigation of conditions in Newtown Creek and evaluate feasible remedies. The investigation and feasibility study is expected to take approximately seven years. Under the AOC, the City is required to establish and maintain financial security in the amount of $25 million for the benefit of EPA in order to secure the full and final completion of the work required to be performed under the AOC by the City and the Newtown Creek Group, the group of five companies that are respondents to the AOC, in addition to the City. The City has made its demonstration of financial assurance pursuant to the Resource Conservation and Recovery Act, 40 C.F.R. §258.74(f).This assurance was most recently provided February 2015, to the EPA in satisfaction of the AOC. The City’s share will be determined in a future allocation proceeding. The City’s share will be determined in a future allocation proceeding. The settlement does not cover any remedy that may ultimately be chosen by EPA to address the contamination identified as a result of the investigation and evaluation.
On May 8, 2014, EPA listed the former Wolff-Alport Chemical Company site (Wolff-Alport Site) in Ridgewood, Queens, as a Superfund site. The designation is based on radioactive contamination resulting from the operations of the Wolff-Alport Chemical Company during the 1920s to 1950s which, among other things, disposed of radioactive thorium on-site and via the sewer system. In 2013, EPA, in cooperation with City and State agencies, completed a response action to implement certain interim remedial measures at the Wolff-Alport Site to address the site’s short-term public health risks. The Superfund process will include an investigation of impacts to the sewer system from operations at the Wolff-Alport Site.
The National Park Service (NPS) is undertaking a CERCLA removal action at Great Kills Park on Staten Island to address radioactive contamination that has been detected at the site. Great Kills Park was owned by the City until roughly 1972, when it was transferred to NPS for inclusion in the Gateway National Recreation Area. While owned by the City, the site was used as a sanitary landfill, and the park was also expanded using urban fill. NPS believes that the radioactive contamination is the result of City activities and that the City is, therefore, liable for the investigation and remediation under CERCLA. The City is currently negotiating a settlement with NPS to address a remedial investigation and feasibility study. No other PRPs have been identified at this time.
Under CERCLA, a responsible party may be held responsible for monies expended for response actions at a Superfund site, including investigative, planning, removal, remedial and EPA enforcement actions. A responsible party may also be ordered by EPA to take response actions itself. Responsible parties include, among others, past or current owners or operators of a facility from which there is a release of a hazardous substance that causes the incurrence of response costs. The nature, extent, and cost of response actions at either the Canal, Newtown Creek, the Wolff-Alport Site, or Great Kills Park, the contribution, if any, of discharges from the City’s sewer system or other municipal operations, and the extent of the City’s liability, if any, for monies expended for such response actions, will likely not be determined for several years and could be material.
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NOTES TO FINANCIAL STATEMENTS, Continued
6. Interfund Receivables, Payables, and Transfers
At June 30, 2015 and 2014, City and discretely presented component units receivable and payable balances and interfund transfers were as follows:
Governmental activities:
Due from/to other funds: Receivable by Payable by 2015 2014_____________________________________________ __________________________________________ ___________ ___________ (in thousands)
General Fund Capital Projects Fund . . . . . . . . . . . . . . . . $2,915,207(1) $3,104,484(1)
HYIC—General Fund . . . . . . . . . . . . . . . — 1,636 TDC—General Fund . . . . . . . . . . . . . . . . 191 — TFA—Debt Service . . . . . . . . . . . . . . . . . 107,735 48,641 Capital Projects Fund TFA—Capital Projects Fund . . . . . . . . . . 990,794 99,696 HYIC—Capital Projects Fund . . . . . . . . . 2,233 2,702 HYDC—Capital Projects Fund HYIC—Capital Projects Fund . . . . . . . . . 124 47 HYIC—Debt Service Fund HYIC—Capital Projects Fund . . . . . . . . . 255 255 _________ _________ Total due from/to other funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,016,539 $3,257,461 _________ _________ _________ _________
Component Units:
Due from/to City and Component Units: Receivable by Payable by 2015 2014_____________________________________________ __________________________________________ ___________ ___________ (in thousands)
City—General Fund Component Units—HDC . . . . . . . . . . . . . $ 903,331 $1,085,778 HHC . . . . . . . . . . . . . 704,985 746,740 less: allowance for
uncollectable amounts (296,811) — _________ _________ 1,311,505 1,832,518 _________ _________ City—Capital Projects Fund Component Units—Water Authority . . . . 500,587 522,036 EDC . . . . . . . . . . . . . 111,383 111,579 _________ _________ 611,970 633,615 _________ _________ Total due from Component Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,923,475 $2,466,133 _________ _________ _________ _________
Component Unit—Water Board City—General Fund . . . . . . . . . . . . . . . . . $ 119,756 $ 23,414 _________ _________ Total due to Component Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 119,756 $ 23,414 _________ _________ _________ _________
(1) Net of eliminations within the same fund type.
Note: During Fiscal Years 2015 and 2014, the Capital Projects Fund reimbursed the General Fund for expenditures made on its behalf.
The outstanding balances between funds are the result of the time lag between the dates that the interfund goods and services are provided, the date the transactions are recorded in the accounting system and the date payments between funds are made. All interfund balances are expected to be settled during the subsequent year.
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NOTES TO FINANCIAL STATEMENTS, Continued
G ov er n m en ta l ac ti vi ti es :
In te rf un d tr an sf er s( 1)
__ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
F is ca l Y ea r 20 15
__ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
N on m aj or
G en er al C ap it al P ro je ct s D eb t S er vi ce G ov er n m en ta l A d ju st m en ts /
F u n d F u n d F u n d F u n d s E li m in at io n s T ot al
___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___
( in t h ou sa n d s)
T ra ns fe r fr om
( to ):
G en er al F un d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
— $ —
$ 4, 97 9, 17 3 $ 1, 98 6, 22 2 $
— $ 6, 96 5, 39 5
G en er al D eb t S er vi ce
F un d . . . . . . . . . . . . . . . . . . . . ( 4, 97 9, 17 3) —
—
—
—
( 4, 97 9, 17 3)
C ap it al P ro je ct s F un d . . . . . . . . . . . . . . . . . . . . . . . . —
—
—
( 5, 76 5, 53 3) —
( 5, 76 5, 53 3)
N on m aj or D eb t S er vi ce F un ds
. . . . . . . . . . . . . . . . . ( 2, 54 2, 42 6) —
—
( 12 3, 34 1) 5 56 ,2 04
( 2, 10 9, 56 3)
N on m aj or C ap it al P ro je ct s F un ds
. . . . . . . . . . . . . . . —
5, 76 5, 53 3 —
2 ,0 83
—
5, 76 7, 61 6
N on m aj or S pe ci al R ev en ue F un ds . . . . . . . . . . . . . . . —
—
—
12 1, 25 8 —
12 1, 25 8
___ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (7 ,5 21 ,5 99 ) $ 5, 76 5, 53 3 $ 4, 97 9, 17 3 $( 3, 77 9, 31 1) $5 56 ,2 04
$
— ___ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
___ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
__ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
F is ca l Y ea r 20 14
__ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
N on m aj or
G en er al C ap it al P ro je ct s D eb t S er vi ce G ov er n m en ta l A d ju st m en ts /
F u n d F u n d F u n d F u n d s E li m in at io n s T ot al
___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___
( in t h ou sa n d s)
T ra ns fe r fr om
( to ):
G en er al F un d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
— $ —
$ 1, 48 3, 35 5 $ 1, 71 7, 76 0 $ —
$ 3, 20 1, 11 5
G en er al D eb t S er vi ce
F un d . . . . . . . . . . . . . . . . . . . . ( 1, 48 3, 35 5) —
—
6 ,2 20
—
( 1, 47 7, 13 5)
C ap it al P ro je ct s F un d . . . . . . . . . . . . . . . . . . . . . . . . —
—
—
( 3, 51 8, 57 9) —
( 3, 51 8, 57 9)
N on m aj or D eb t S er vi ce F un ds
. . . . . . . . . . . . . . . . . ( 3, 35 9, 07 1) —
(6 ,2 20 ) ( 40 ,0 40 ) 1 ,6 41 ,3 11
( 1, 76 4, 02 0)
N on m aj or C ap it al P ro je ct s F un ds
. . . . . . . . . . . . . . . —
3, 51 8, 57 9 —
4 ,0 20
—
3, 52 2, 59 9
N on m aj or S pe ci al R ev en ue F un ds . . . . . . . . . . . . . . . —
—
—
3 6, 02 0 —
3 6, 02 0
___ ___ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __
T ot al . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (4 ,8 42 ,4 26 ) $ 3, 51 8, 57 9 $ 1, 47 7, 13 5 $( 1, 79 4, 59 9) $
1, 64 1, 31 1 $ —
___ ___ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __
___ ___ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __
(1 ) T ra ns fe rs a re u se d to : (i ) m ov e un re st ri ct ed G en er al F un d re ve nu es t o fi na nc e va ri ou s pr og ra m s th at t he C it y m us t ac co un t fo r in o th er f un ds i n ac co rd an ce w it h bu dg et ar y
au th or iz at io ns , i nc lu di ng a m ou nt s pr ov id ed a s ai d or m at ch in g fu nd s fo r gr an t p ro gr am
s, ( ii ) m ov e re st ri ct ed a m ou nt s bo rr ow
ed b y au th or iz ed f un d or co m po ne nt un it to f in an ce
C ap it al P ro je ct s F un d ex pe nd it ur es , ( ii i) m ov e un re st ri ct ed s ur pl us r ev en ue f ro m th e G en er al F un d to f in an ce C ap it al P ro je ct s F un d ex pe nd it ur es a nd p re pa y de bt s er vi ce c om
in g
du e in th e ne xt fi sc al ye ar , a nd ( iv ) m ov e re ve nu e fr om
th e fu nd w it h co ll ec ti on a ut ho ri za ti on to th e D eb t S er vi ce F un d as d eb t s er vi ce p ri nc ip al a nd in te re st p ay m en ts b ec om
e du e.
I n th e fi sc al y ea r en de d 20 15 , t he C it y m ad e th e fo ll ow
in g tr an sf er s: T ra ns fe rs o f un re st ri ct ed g ra nt s fr om
th e G en er al F un d in th e am
ou nt o f $1 ,6 77 m il li on to T FA
. T he se
fu nd s w er e us ed t o fu nd d eb t se rv ic e re qu ir em
en ts f or f ut ur e ta x se cu re d de bt ( $1 .6 b il li on ) an d bu il di ng a id r ev en ue d eb t ($ 76 .8 m il li on ) du ri ng t he f is ca l ye ar e nd in g
Ju ne 3 0, 2 01 6.
I n th e fi sc al y ea r en de d Ju ne 3 0, 2 01 4, t he C it y m ad e th e fo ll ow
in g on e- ti m e tr an sf er : A
t ra ns fe r fr om
t he G en er al F un d of a n un re st ri ct ed g ra nt o f $1 ,3 62 m il li on o n Ju ne
26 , 2 01 4 to T FA
. T he se f un ds w er e us ed t o fu nd d eb t se rv ic e re qu ir em
en ts f or f ut ur e ta x se cu re d de bt d ur in g th e fi sc al y ea r en di ng J un e 30 , 2 01 5.
97
N O T E S T O F IN A N C IA L S T A T E M E N T S , C
on ti nu ed
7. Superstorm Sandy
Government Assistance
On October 29, 2012, Superstorm Sandy made landfall in the City. The storm surge and high winds caused significant damage in the City, as well as other states and cities along the U.S. eastern seaboard. The City incurred costs for emergency response and storm related damages to, and destruction of, City buildings and other assets. As of June 30, 2015, the estimated value of damages and recovery costs was approximately $9.7 billion— this includes $7.6 billion for capital construction and $2.1 billion for cleanup, relief, and repairs.
In response to the damages caused by Superstorm Sandy, President Obama signed a major disaster declaration on October 30, 2012, authorizing the Federal Emergency Management Agency (FEMA) to provide Public Assistance grants (PA) to government entities for response and recovery efforts. The emergency declaration supports the reimbursement of eligible emergency work (categorized as Emergency Protective Measures and Debris Removal) and permanent work (categorized as restoration of Roads and Bridges, Water Control Facilities, Buildings and Equipment, Utilities, and Parks and Recreational facilities). On June 26, 2013, the President authorized reimbursement of eligible costs at a 90% rate.
In addition to the FEMA PA, the City has been awarded more than $4.2 billion of Community Development Block Grant Disaster Recovery (CDBG-DR) funding through the U.S. Department of Housing and Urban Development. The major portion of these funds is being used in a variety of home restoration and replacement programs, small business assistance programs, and resiliency/hazard mitigation programs. The remainder is being used to pay certain Superstorm Sandy-related costs that are not reimbursable by FEMA as well as the 10% non-FEMA share of eligible costs, to the extent that those are eligible for CDBG-DR funding.
Approximately $2 billion in emergency and recovery spending was obligated for reimbursement by FEMA during the City’s Fiscal Year 2015, the remainder of eligible reimbursement will be obligated going forward. To the extent that eligible Superstorm Sandy related costs were incurred as of June 30, 2015, the FEMA reimbursement has been received or accrued as receivable in Fiscal Year 2015.
E. OTHER INFORMATION
1. Audit Responsibility
In FiscalYears 2015 and 2014, respectively, the separately administered organizations included in the financial statements of the City audited by auditors other than Deloitte & Touche LLP are TSASC, Inc., New York City School Construction Authority, New York City Health and Hospitals Corporation, New York City Housing Development Corporation, New York City Industrial Development Agency, New York City Economic Development Corporation, Business Relocation Assistance Corporation, Brooklyn Navy Yard Development Corporation, Deferred Compensation Plan, WTC Captive Insurance Company, Inc., New York City Educational Construction Fund, Sales Tax Asset Receivable Corporation, Fiscal Year 2005 Securitization Corporation, NYCTL Trusts, New York City Housing Authority, Hudson Yards Infrastructure Corporation, Hudson Yards Development Corporation, Brooklyn Bridge Park Corporation, The Trust for Governors Island, Build NYC, New York City Land Development Corporation, and the New York City Neighborhood Capital Corporation.
Government-wide Fund-based _____________________________________ _________________________________________________ Governmental Component Nonmajor Activities Units Governmental Funds Fiduciary Funds _________________ ________________ _____________________ _______________________ 2015 2014 2015 2014 2015 2014 2015 2014 ______ ______ ______ ______ ______ ______ ______ ______
Total assets . . . . . . . . . . . . . . . . . . . 3% 3% 50% 50% 37% 42% 7% 6% Revenues, other financing sources and net position held in trust . . . . 4% 4% 76% 77% 71% 62% 8% 8%
98
NOTES TO FINANCIAL STATEMENTS, Continued
2. Subsequent Events
The following events occurred subsequent to June 30, 2015:
Long-Term Financing
City Swap Portfolio: On August 4, 2015, the City terminated a swap with Bank of New York Mellon. The total notional amount terminated was $364,100,000 and the City received a payment of $2,410,000 from the Bank of New York Mellon as a result of the termination.
NYCTLT 2015-A: On August 5, 2015, NYCTLT 2015-A issued Tax Lien Collateralized Bonds, Series 2015-A of $71,790,000 to fund the purchase of certain liens from the City.
City Debt: On August 13, 2015, the City issued $750,475,000 of Fiscal 2016 Series AB General Obligation bonds for refunding purposes.
TFA Debt: On September 29, 2015, the New York City Transitional Finance Authority issued $1,150,000,000 of Fiscal 2016 Series A Future Tax Secured bonds for capital purposes.
ECF: On October 1, 2015, ECF redeemed series 2005A Revenue Bond with an outstanding amount of $23,455,000.
3. Other Employee Benefit Trust Funds
Deferred Compensation Plans For Employees of The City of New York and Related Agencies and Instrumentalities (DCP) and the New York City Employee Individual Retirement Account (NYCE IRA)
DCP offers employees of The City of New York and Related Agencies and Instrumentalities two defined contribution plans in accordance with Internal Revenue Code Sections 457 and 401(k). DCP permits employees to defer a portion of their salary on either a pre-tax (traditional) or after-tax (Roth) basis until future years. Funds may not be withdrawn until termination, retirement, death, Board-approved unforeseen emergency or hardship (as defined by the Internal Revenue Code) or, if still working for the City, upon attainment of age 70 1⁄2 in the 457 Plan or upon age 59 1⁄2 for the 401(k). A 401(a) defined contribution plan is available to certain employees of the Lieutenant’s Benevolent Association and the Captains Endowment Association of The City of New York Police Department.
The NYCE IRA is a deemed Individual Retirement Account (IRA) in accordance with Internal Revenue Code Section 408(q) and is available as both a traditional and Roth IRA to those employees eligible to participate in the 457 Plan and 401(k) Plan and their spouses along with former employees and their spouses. Funds may be withdrawn from the NYCE IRA at any time, subject to an early withdrawal penalty.
Amounts maintained under a deferred compensation plan and an IRA by a state or local government are held in trusts (or in a custodial accounts) for the exclusive benefit of participants and their beneficiaries. The DCP plans and IRA are presented together as an Other Employee Benefit Trust Fund in the City’s financial statements.
Participants in DCP or NYCE IRA can choose among seven investment options, or one of twelve pre-arranged portfolios consisting of varying percentages of those investment options. Participants can also invest a portion of their assets in a self-directed brokerage option.
The New York City Other Postemployment Benefits Plan (OPEB Plan)
The OPEB Plan is a fiduciary component unit of the City and is composed of: (1) the New York City Retiree Health Benefits Trust (RHBT) which is used to receive, hold, and disburse assets accumulated to pay for some of the OPEB provided by the City to its retired employees, and (2) OPEB paid for directly by the City out of its general resources rather than through RHBT. RHBT was established for the exclusive benefit of the City’s retired employees and their eligible spouses and dependents, to fund some of the OPEB provided in accordance with the City’s various collective bargaining agreements and the City’s Administrative Code. Amounts contributed to RHBT by the City are held in an irrevocable trust and may not be used for any other purpose than to fund the costs of health and welfare benefits of its eligible participants. Consequently, the OPEB Plan is presented as an Other Employee Benefit Trust Fund in the City’s financial statements. The separate annual financial statements of the OPEB Plan are available at: Office of the Comptroller, Bureau of Accountancy—Room 200 South, 1 Centre Street, New York, New York 10007, or at www.comptroller.nyc.gov.
99
NOTES TO FINANCIAL STATEMENTS, Continued
Summary of Significant Accounting Policies:
Basis of Accounting. The measurement focus of the OPEB Plan is on the flow of economic resources. This focus emphasizes the determination of changes in the OPEB Plan’s net position. With this measurement focus, all assets and liabilities associated with the operation of this fiduciary fund are included on the Statement of Fiduciary Net Position. This fund uses the accrual basis of accounting whereby contributions from the employer are recognized when due. Benefits and refunds are recognized when due and payable in accordance with the terms of the plans.
Method Used to Value Investments. Investments are reported on the Statement of Fiduciary Net Position at fair value based on quoted market prices.
The Schedule of Funding Progress of OPEB valuations appears in the RSI Section, immediately following the notes to financial statements.
4. Other Postemployment Benefits
Program Description. The New York City Health Benefits Program (Program) is a single-employer defined benefit healthcare plan funded by PLAN, an Other Employee Benefit Trust Fund of the City, which provides Other Postemployment Benefits (OPEB) to eligible retirees and beneficiaries. OPEB includes: health insurance, Medicare Part B Premium reimbursements and welfare fund contributions. PLAN issues a publicly available financial report that includes financial statements and required supplementary information for funding PLAN’s OPEB and the report is available at: Office of the Comptroller, Bureau of Accountancy—Room 200 South, 1 Centre Street, New York, New York 10007.
Funding Policy. The Administrative Code of The City of New York (ACNY) defines OPEB to include Health Insurance and Medicare Part B Premium reimbursements; Welfare Fund Benefits stem from the City’s various collective bargaining agreements. The City is not required by law or contractual agreement to provide funding for the Program other than the pay-as-you-go (PAYG) amounts necessary to provide current benefits to retirees and eligible beneficiaries/dependents. For the fiscal year ended June 30, 2015, the City paid $3.1 billion on behalf of the Program. Based on current practice (the Substantive Plan which is derived from ACNY, the City pays the full cost of basic coverage for non-Medicare-eligible/Medicare-eligible retiree participants. The costs of these benchmark plans are reflected in the actuarial valuations by using age and gender adjusted premium amounts. Program retiree participants who opt for other basic or enhanced coverage must contribute 100% of the incremental costs above the premiums for the benchmark plans. The City also reimburses covered employees and eligible spouses 100% of the Medicare Part B Premium rate applicable to a given year and there is no retiree contribution to the Welfare Funds. The City pays per capita contributions to the Welfare Funds, the amounts of which are based on negotiated contract provisions.
Annual OPEB Cost and Net OPEB Obligation. The City’s annual OPEB cost (expense) is calculated based on the annual required contribution (ARC) of the employer, an amount that was actuarially determined by using the Entry Age Actuarial Cost Method (one of the actuarial cost methods in accordance with the parameters of GASB Statement No. 45).
The method is unchanged from the actuarial cost method used in the prior OPEB actuarial valuation.
Under this method, as used in the June 30, 2014 OPEB actuarial valuation, the Actuarial Present Value (APV) of Benefits (APVB) of each individual included in the actuarial valuation is allocated on a level basis over the earnings of the individual between entry age and assumed exit age(s). The employer portion of this APVB allocated to a valuation year is the Employer Normal Cost. The portion of this APVB not provided for at a valuation date by the APV of Future Employer Normal Costs is the Actuarial Accrued Liability (AAL).
The excess, if any, of the AAL over the Actuarial Asset Value (AAV) is the Unfunded Actuarial Accrued Liability (UAAL).
Under this method, actuarial gains (losses), as they occur, reduce (increase) the UAAL and are explicitly identified and amortized.
Increases (decreases) in obligations due to benefit changes, actuarial assumption changes and/or actuarial method changes are also explicitly identified and amortized.
100
NOTES TO FINANCIAL STATEMENTS, Continued
The following table shows the elements of the City’s annual OPEB cost for the year, the amount actually paid on behalf of the Program, and changes in the City’s net OPEB obligation to the Program for the year ended June 30, 2015: Amount _________________ (in thousands)
Annual required contribution . . . . . . . . . . . . $ 88,620,926 Interest on net OPEB obligation . . . . . . . . . . 3,579,405 Adjustment to annual required contribution . . (93,064,528) _____________ Annual OPEB expense . . . . . . . . . . . . . . . (864,197)
Payments made . . . . . . . . . . . . . . . . . . . . . . . 3,136,373 _____________ Increase in net OPEB obligation . . . . . . . . (4,000,570)
Net OPEB obligation-beginning of year . . . . 89,485,122 _____________ Net OPEB obligation-end of year . . . . . . . . . $ 85,484,552 _____________ _____________
The City’s annual OPEB cost, the percentage of annual OPEB cost contributed to the Program, and the net OPEB obligation for the fiscal years ended June 30, 2015, 2014, 2013, 2012, 2011, and 2010 were as follows:
Fiscal Percentage of Net Year Annual Annual OPEB OPEB Ended OPEB Cost Cost Paid Obligation _________ ______________ _____________ _______________ ($ in thousands)
6/30/15 $ (864,197) ** $85,484,552 6/30/14 78,551 3,965.3% 89,485,122 6/30/13 5,542,845 21.6 92,521,346 6/30/12 5,707,001 25.2 88,174,139 6/30/11 10,494,993 15.0 83,906,953 6/30/10 11,021,425 14.3 74,984,832 ___________ ** Not Determined due to Annual OPEB Cost (AOC) being less than zero. This results from the
impact of one-year amortization of experience gains and one-year amortization of actuarial assumption changes established as of June 30, 2014.
Funded Status and Funding Progress. As of June 30, 2014, the most recent actuarial valuation date, the funded status was 3.4%. The actuarial accrued liability for benefits was $70.4 billion, and the actuarial value of assets was $2.4 billion, resulting in an unfunded actuarial accrued liability (UAAL) of $68.0 billion. The covered payroll (annual payroll of active employees covered) was $20.7 billion, and the ratio of the UAAL to the covered payroll was 328.3%. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. The determined actuarial valuations of OPEB incorporated the use of demographic and salary increase assumptions among others as reflected below. Amounts determined regarding the funded status and the annual required contributions of the City are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, shown in the RSI section immediately following the notes to financial statements, disclosures required by GASB Statement No. 43 for OPEB Plan reporting, presents GASB Statement No. 45 results of OPEB valuations as of June 30, 2014, 2013, 2012, 2011, 2010, 2009, 2008, and 2007 and the schedule provides an eight year information trend about whether the actuarial values of PLAN assets are increasing or decreasing over time relative to the actuarial accrued liabilities for benefits.
Actuarial Methods and Assumptions. The actuarial assumptions used in the June 30, 2014 and 2013 OPEB actuarial valuations are classified as those used in the New York City Retirement Systems (NYCRS) valuations and those specific to the OPEB valuations. NYCRS consist of: (i) New York City Employees’ Retirement System (NYCERS); (ii) Teachers’ Retirement System of The City of New York Qualified Pension Plan (TRS); (iii) New York City Board of Education Retirement System Qualified Pension Plan (BERS); (iv) New York City Police Pension Fund (POLICE); and (v) New York Fire Department Pension Fund (FIRE). The OPEB actuarial valuations incorporate only the use of certain NYCRS demographic and salary increase assumptions. The NYCRS demographic and salary scale assumptions are unchanged from the prior OPEB actuarial valuation. For purposes of determining pension obligations, the demographic and salary scale assumptions requiring NYCRS Board approval (available on the website of the Office of the Actuary at www.nyc.gov/actuary) were adopted by each respective Board of Trustees during fiscal year 2012 (the Silver Books). Chapter 3 of the Laws of 2013 enacted those actuarial assumptions and methods that require New York State Legislation.
101
NOTES TO FINANCIAL STATEMENTS, Continued
The OPEB-specific actuarial assumptions used in the June 30, 2014 OPEB actuarial valuation of the Plan are as follows:
Valuation Date . . . . . . . . . . . . . . . . . . . . . June 30, 2014.
Discount Rate . . . . . . . . . . . . . . . . . . . . . . 4.0% per annum.(1)
Actuarial Cost Method . . . . . . . . . . . . . . . Entry Age calculated on an individual basis with the Actuarial Value of Projected Benefits allocated on a level basis over earnings from hire through age of exit.
Per-Capita Claims Costs . . . . . . . . . . . . . HIP HMO and GHI/EBCBS benefit costs reflect age adjusted premiums. GHI/EBCBS non-Medicare premiums adjusted for Health Savings Agreement changes. Age adjustments based on assumed age distribution of covered population used for non- Medicare retirees and HIP HMO Medicare retirees.
Age adjustment based on actual age distribution of the GHI/EBCBS Medicare covered population.
Insured premiums without age adjustment for other coverage. Premiums assumed to include administrative costs.
___________
(1) 2.5% CPI, 1.5% real rate of return on short-term investments.
Employer premium contribution schedules for the month of July 2014 and January 2015 were reported by OLR. In most cases, the premium contributions remained the same throughout the year. HIP HMO Medicare rates varied by date and by specific Plan option. These variations are the result of differing Medicare Advantage reimbursements. The various monthly rates were blended by proportion of enrollment. For other rates, where the January 2015 premium rate was different than the July 2014 premium rate, the valuation assumed that the January 2015 premium rate was more representative of the long-range cost of the arrangement.
Initial monthly premium rates used in valuations are shown in the following tables:
Monthly Rates _________________________________________________ Plan FY’15(1) FY’14(2) ___________________________________ _______________ _______________
HIP HMO Non-Medicare Single $ 586.10 $ 579.04 Non-Medicare Family 1,435.95 1,418.66 Medicare 157.55 149.42
GHI/EBCBS Non-Medicare Single 507.79(3) 459.63 Non-Medicare Family 1,319.83(3) 1,194.24 Medicare 160.86 159.69
Others Non-Medicare Single 586.10 579.04 Non-Medicare Family 1,435.95 1,418.66 Medicare 160.86 159.69
___________
(1) Used in June 30, 2014 OPEB actuarial valuation. (2) Used in June 30, 2013 OPEB actuarial valuation. (3) For June 30, 2014 valuation, GHI/EBCBS Pre-Medicare premiums decreased 2.05%
to reflect 2014 Health Savings Agreement change to Care Management program and speciality drug (PICA) changes.
102
NOTES TO FINANCIAL STATEMENTS, Continued
103
Welfare Funds . . . . . . . . . . . . . . . . . . . . . For the June 30, 2014 valuation, the Welfare Fund contribution reported for Fiscal Year 2015, (including any reported retroactive amounts) was used as the per capita cost for valuation purposes. The amount used included the $25 increase effective July 1, 2014 under the 2014 MLC-NYC Health Savings Agreement, as well as further $25 annual increases effective July 1, 2015, July 1, 2016 and July 1, 2017. It is assumed that all Welfare Funds will ultimately be subject to that agreement, whether or not the union running the particular Welfare Fund has currently signed.
For the June 30, 2013 valuation, the Welfare Fund contributions reflected a three-year trended average of reported annual contribution amounts for current retirees. A trended average was used instead of a single reported Welfare Fund amount to smooth out negotiated variations. The Welfare Fund rates reported for the previous two valuations were trended to current levels based on a historic increase rate of 1.57% for Fiscal Year 2014 (used in calculating the impact of the negotiated Welfare Fund change), 1.64% for Fiscal Year 2013, and 2.33% for Fiscal Year 2012, approximating overall recent growth of Welfare Fund contributions.
For the June 30, 2013 OPEB actuarial valuation, certain lump-sum amounts had been included in calculating the three-year trended average. Furthermore, retroactive adjustments to Welfare Fund contribution rates were used in the trended average as of the dates they were effective (i.e., using the retroactive date).
Reported annual contribution amounts for the last three years are shown in Appendix B, Tables 2a to 2e of the Tenth Annual Actuarial Valuation of Other Postemployment Benefits Provided under the New York City Health Benefits Program (Tenth Annual OPEB Report) dated September 17, 2015. The amounts shown for Fiscal Year 2015 as of June 30, 2014, increased by $25 as of July 1, 2014, are used for current retirees.
Welfare Fund rates based on actual reported Union Welfare Fund code for current retirees. Where Union Welfare Fund code was missing, the most recently reported union code was reflected.
Weighted average annual contribution rates used for future retirees are shown in the following table. These averages were developed based on Welfare Fund enrollment of recent retirees (during the five years prior to the valuation).
Annual Rate ______________________ FY’15 FY’14 ________ ________ NYCERS $1,693 $1,700 TRS 1,746 1,754 BERS 1,677 1,683 POLICE 1,614 1,620 FIRE 1,707 1,712
Contributions were assumed to increase by Medicare Plans trend rates. For the June 30, 2014 OPEB actuarial valuation, the assumed increases were replaced by the negotiated $25 increase for the next 3 fiscal years.
For Welfare Fund contribution amounts reflected in the June 30, 2013 OPEB actuarial valuation for current retirees, see the Ninth Annual OPEB Report.
NOTES TO FINANCIAL STATEMENTS, Continued
Medicare Part B Premiums . . . . . . . . . . . Monthly Calendar Year Premium __________________ _________
2012 $ 99.90 2013 104.90 2014 104.90 2015 104.90*
___________
* Reflected only in June 30, 2014 OPEB actuarial valuation.
2015 Medicare Part B Premium assumed to increase by Medicare Part B trend rates.
Medicare Part B Premium reimbursement amounts have been updated to reflect actual premium rates announced for Calendar Years through 2015. The actual 2016 Medicare Part B Premium was not announced at the time these calculations were prepared and, thus, was not reflected in the valuation. Social Security cost-of-living adjustment for calendar year 2016 benefits was not announced as of the time these calculations were prepared. Thus, Social Security benefits were assumed to increase such that Medicare Part B Premiums were not frozen at 2015 levels based on Social Security benefit amounts.
For the June 30, 2013 OPEB actuarial valuation (i.e., Fiscal Year 2014), the annual Premium used (i.e., $1,258.80) equaled 6 months of the Calendar Year 2013 premium plus 6 months of the Calendar Year 2014 premium.
For the June 30, 2014 OPEB actuarial valuation (i.e., Fiscal Year 2015), the annual Premium used (i.e., $1,258.80) equals 6 months of the Calendar Year 2014 premium (i.e., $104.90) plus 6 months of the Calendar Year 2015 Premium (i.e., $104.90).
Future Calendar Year Medicare Part B Premium rates are projected from the Calendar Year 2015 rate of $104.90 using the assumed Medicare Part B Premium trend.
Overall Medicare Part B Premium amounts are assumed to increase by the following percentages to reflect the income-related increases in Medicare Part B Premiums for high income individuals. The percentages assumed for the June 30, 2014 OPEB actuarial valuation have been increased to reflect revisions to the income-related Part B Premium provisions as adopted in the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). Percentages assumed based on CMS income distribution published statistics and provisions of Social Security Act related to Medicare Part B Premium amounts, both before and after MACRA changes. Percentage amount compared to actual IRMAA payments reported by OLR through calendar year 2012.
Income-related Medicare Part B Increase _____________________________________________________
Fiscal Year June 30, 2014 Valuation June 30, 2013 Valuation _________ ______________________ ______________________
2014 NA 3.7% 2015 3.8% 3.8 2016 3.9 3.9 2017 4.0 4.0 2018 4.5 4.1 2019 5.0 4.2 2020 5.2 4.3 2021 5.3 4.4 2022 5.4 4.5 2023 5.5 4.6 2024 5.6 4.7 2025 5.8 4.8 2026 5.9 4.9 2027 and later 6.0 5.0
104
NOTES TO FINANCIAL STATEMENTS, Continued
Medicare Part B Premium Reimbursement Assumption . . . . . . . . . . For the June 30, 2014 OPEB actuarial valuation, 90% of Medicare participants are
assumed to claim reimbursement (unchanged from last year). Percentage based on claim counts reported by OLR for calendar years 2007 through 2013.
Health Care Cost Trend Rate (“HCCTR”) . . . . . . . . . . . . . . . . . . . . . . . Covered medical expenses are assumed to increase by the following percentages
(unchanged from the last valuation). For purposes of measuring entry age calculations, actual historic plan increases are reflected to the extent known, with further historic trend rates based on the trend assumed for Fiscal Year 2015 (initial trend).
HCCTR Assumptions______________________________________________________________________ Pre-Medicare Medicare Medicare
Year Ending(1) Plans Plans Part B Premiums_______________ __________ ________ _______________
2015(2) 9.0% 5.0% 6.0% 2016(3) 8.5 5.0 5.5 2017 8.0 5.0 5.0 2018 7.5 5.0 5.0 2019 7.0 5.0 5.0 2020 6.5 5.0 5.0 2021 6.0 5.0 5.0 2022 5.5 5.0 5.0 2023 and Later 5.0 5.0 5.0
___________
(1) Fiscal Year for Pre-Medicare Plans and Medicare Plans and Calendar Year for Medicare Part B Premiums.
(2) For the June 30, 2014 OPEB actuarial valuation, rates shown for 2015 were not reflected since actual values for the Fiscal Year 2015 per capita costs, Fiscal Year 2015 Welfare Fund contributions and Calendar Year 2015 Medicare Part B Premium amounts were used.
(3) For the June 30, 2014 OPEB actuarial valuation, HIP and HMO Pre-Medicare trend assumed to be 2.89% based on 2014 Health Care Savings Agreement initiatives.
Age- and Gender-Related Morbidity . . . . The premiums are age adjusted for HIP HMO and GHI/EBCBS participants. Beginning with June 30, 2012 OPEB actuarial valuation, the premiums are also adjusted for gender.
Beginning with the June 30, 2012 OPEB actuarial valuation, the assumed relative costs of coverage are consistent with information presented in Health Care Costs—From Birth to Death, prepared by Dale H. Yamamoto(2) (“Yamamoto Study”).
105
NOTES TO FINANCIAL STATEMENTS, Continued
For non-Medicare costs, relative factors were based on graduated 2010 PPO/POS data as presented in Chart 28 of the Yamamoto Study. The resultant relative factors, normalized to the male age 65 rate, used for non-Medicare costs (unchanged from the previous OPEB actuarial valuation) are as follows:
Age Male Female Age Male Female _____ _____ _______ _____ _____ _______
20 0.170 0.225 43 0.325 0.480 21 0.157 0.227 44 0.340 0.487 22 0.147 0.236 45 0.355 0.495 23 0.143 0.252 46 0.372 0.505 24 0.143 0.274 47 0.391 0.519 25 0.146 0.301 48 0.412 0.536 26 0.151 0.329 49 0.437 0.556 27 0.157 0.357 50 0.463 0.576 28 0.165 0.384 51 0.491 0.597 29 0.173 0.408 52 0.519 0.616 30 0.181 0.428 53 0.547 0.635 31 0.190 0.444 54 0.577 0.653 32 0.199 0.456 55 0.608 0.671 33 0.208 0.463 56 0.641 0.690 34 0.217 0.466 57 0.676 0.710 35 0.227 0.466 58 0.711 0.732 36 0.237 0.465 59 0.747 0.756 37 0.249 0.464 60 0.783 0.783 38 0.261 0.464 61 0.822 0.813 39 0.274 0.465 62 0.864 0.846 40 0.286 0.467 63 0.909 0.881 41 0.299 0.471 64 0.957 0.917 42 0.312 0.475
Children costs were assumed to represent a relative factor of .229. ___________
(2) http://www.healthcostinstitute.org/files /Age-Curve-Study_0.pdf. Retrieved July 15, 2013. The Study was sponsored by the Society of Actuaries and is part of the Health Care Cost Institute’s Independent Report Series.
106
NOTES TO FINANCIAL STATEMENTS, Continued
For Medicare costs, relative factors based on the Yamamoto Study for net Medicare costs for 2010 for inpatient, outpatient and professional costs were blended. Prescription drug costs were not reflected as NYCHBP excludes most drugs from coverage. Professional costs were weighted at 64%, based on the GHI portion of the combined GHI/EBCBS premiums reported historically. Inpatient costs were weighted as twice as prevalent as outpatient costs based on the relative allocation suggested in the Yamamoto Study. Costs prior to age 65 were approximated using the non-Medicare data, but assuming that individuals under age 65 on Medicare had an additional disability-related morbidity factor. The resultant Medicare relative factors are as follows:
Age Males Females Age Males Females _____ _____ _______ _____ _____ _______
20 0.323 0.422 60 1.493 1.470 21 0.297 0.426 61 1.567 1.526 22 0.280 0.443 62 1.646 1.588 23 0.272 0.474 63 1.731 1.653 24 0.272 0.516 64 1.822 1.721 25 0.278 0.565 65 0.919 0.867 26 0.288 0.618 66 0.917 0.864 27 0.300 0.671 67 0.918 0.864 28 0.314 0.721 68 0.924 0.867 29 0.329 0.766 69 0.933 0.875 30 0.346 0.804 70 0.946 0.885 31 0.363 0.834 71 0.961 0.898 32 0.380 0.856 72 0.978 0.911 33 0.397 0.869 73 0.996 0.925 34 0.414 0.875 74 1.013 0.939 35 0.432 0.876 75 1.032 0.953 36 0.452 0.874 76 1.049 0.967 37 0.474 0.872 77 1.067 0.982 38 0.497 0.871 78 1.085 0.996 39 0.521 0.873 79 1.103 1.012 40 0.545 0.878 80 1.122 1.029 41 0.569 0.885 81 1.141 1.047 42 0.594 0.893 82 1.161 1.065 43 0.620 0.902 83 1.180 1.083 44 0.647 0.914 84 1.199 1.100 45 0.676 0.929 85 1.217 1.116 46 0.708 0.949 86 1.234 1.130 47 0.744 0.975 87 1.250 1.143 48 0.785 1.007 88 1.264 1.155 49 0.832 1.043 89 1.277 1.164 50 0.883 1.082 90 1.287 1.169 51 0.935 1.120 91 1.295 1.171 52 0.988 1.156 92 1.301 1.167 53 1.042 1.191 93 1.305 1.156 54 1.099 1.225 94 1.306 1.139 55 1.159 1.260 95 1.304 1.113 56 1.222 1.295 96 1.299 1.077 57 1.288 1.333 97 1.292 1.033 58 1.355 1.374 98 1.281 0.978 59 1.423 1.419 99+ 1.281 0.978
107
NOTES TO FINANCIAL STATEMENTS, Continued
For the June 30, 2013 and June 30, 2014 OPEB actuarial valuations, an actual age and gender distribution based on reported census information was used for Medicare- eligible participants. For the June 30, 2013 and June 30, 2014 OPEB actuarial valuations, the Medicare participants in the HIP Medicare Advantage arrangement were assumed to have the same age and gender distribution as the data underlying the Yamamoto Study.
For the June 30, 2013 and June 30, 2014 OPEB actuarial valuations, the age and gender of non-Medicare eligible participants were based on the following assumed distribution table, assuming a total of 2,354 single contracts and 2,492 family contracts.
Members Used ___________________________________
Age Range Male Female _________ _________________ ________________
00-00 64 64 01-01 67 67 02-04 210 210 05-09 373 373 10-14 403 403 15-19 388 371 20-24 310 323 25-29 338 357 30-34 431 447 35-39 481 499 40-44 495 530 45-49 446 486 50-54 392 422 55-59 271 272 60-64 173 166 65+ 89 76
For the June 30, 2014 OPEB actuarial valuation, the age adjustment for the non- Medicare GHI/EBCBS premium reflects a 5% reduction in the GHI portion of the monthly premium (with the GHI portion representing $247.74 out of $507.79 single and $657.40 out of $1,319.83 Family) and a 3% reduction in the EBCBS portion of the premium (with the EBCBS portion representing the remainder of the $507.79 and $1,319.83 premiums) for the estimated margin anticipated to be returned.
No adjustment was assumed for margin for the June 30, 2013 valuation.
The morbidity factors are used to age-adjust the reported premiums for the HIP and GHI/EBCBS arrangements. The stated premiums provided to OA by OLR reflect average cost of retirees and actives of the Program, not all of whom are included in this valuation report. The assumed underlying cost of the benefit provided to retirees is developed by taking the stated premiums, removing any known margin to get to underlying expected cost of benefits provided (including administrative costs), adjusting for any plan changes, and then finally adjusting for the age and gender of the particular retiree. The age and gender is compared to a distribution for the age and gender of the overall population reflected in developing the stated premium. The distribution can reflect the actual age and gender of the covered population, or can be an estimate if the actual data is not available.
Medicare Advantage Adjustment Factors . . The age-adjusted premiums for HIP HMO Medicare-eligible retirees were multiplied by the following factors to reflect actual Calendar Year 2015 premiums and future anticipated changes in Medicare Advantage reimbursement rates. As of June 30, 2009, the factors had been updated to reflect that Medicare Advantage reimbursement rates are expected to be significantly reduced over the next several years. The reductions in the reimbursement rates were part of the NHCR legislation and are likely to be most significant in areas where medical costs are greater, such as New York City. In
108
NOTES TO FINANCIAL STATEMENTS, Continued
developing the adjustment factors for the June 30, 2014 and the June 30, 2013 OPEB actuarial valuations, it was assumed that the cost of HIP coverage would not be allowed to exceed the cost of GHI/EBCBS coverage for Medicare retirees. Since for the June 30, 2014 valuation, the reported calendar year 2015 HIP Medicare Advantage premium is within 1/2% of the Fiscal Year 2015 GHI/EBCBS Medicare rate, the assumption that HIP would not be allowed to exceed the GHI/EBCBS rate has resulted in a factor of 1.0 for all future years. The adjustment factors used as of June 30, 2013 are shown for comparative purposes.
Factor* ___________________________________
Fiscal Year 6/30/14 Valuation 6/30/13 Valuation _________ _________________ ________________
2014 1.00% 1.00% 2015 1.00 1.03 2016 1.00 1.04 Thereafter 1.00 1.04 ___________ * Includes anticipated impact of National Health Care Reform
Medicare . . . . . . . . . . . . . . . . . . . . . . . . . . Medicare is assumed to be the primary payer over age 65 and for retirees currently on Medicare. For future disability retirements, Medicare is assumed to start 2.5 years after retirement for the following portion of retirees:
Valuation as of June 30 ____________________ 2014 2013 ____ ____
NYCERS 35% 35% TRS 45 45 BERS 45 45 POLICE 15 15 FIRE 20 20
Participation . . . . . . . . . . . . . . . . . . . . . . . Active participation assumptions based on current retiree elections. Actual elections for current retirees. Portions of current retirees not eligible for Medicare are assumed to change elections upon attaining age 65 based on patterns of elections of Medicare- eligible retirees. Detailed assumptions appear in the following table:
PLAN PARTICIPATION ASSUMPTIONS_____________________________________________________________________________________ Benefits June 30, 2014 and June 30, 2013 Valuations_______ ________________________________________________________ NYCERS TRS BERS POLICE FIRE _________ _____ _____ ________ _____
Pre-Medicare –GHI/EBCBS 65% 83% 73% 76% 71% –HIP HMO 22 6 16 13 16 –Other HMO 8 4 3 9 12 –Waiver 5 7 8 2 1
Medicare –GHI 72 87 78 82 77 –HIP HMO 21 9 16 12 16 –Other HMO 4 2 2 4 6 –Waiver 3 2 4 2 1
Post-Medicare Migration –Other HMO to GHI 50 0 33 50 50 –HIP HMO to GHI 0 0 0 0 0 –Pre-Med. Waiver ** To GHI @ 65 13 35 50 0 0 ** To HIP @ 65 13 35 0 0 0
109
NOTES TO FINANCIAL STATEMENTS, Continued
Waivers are assumed to include participants who do not qualify for coverage because they were working less than 20 hours a week at termination.
Dependent Coverage . . . . . . . . . . . . . . . . Dependent coverage is assumed to terminate when a retiree dies, except in the following situations.
I. Lifetime coverage is provided to the surviving spouse or domestic partner and to children (coverage to age 26 based on legislative mandates under National Health Care Reform) of uniformed members of the Police or Fire Departments who die in the Line of Duty.
II. Effective November 13, 2001, other surviving spouses of retired uniformed members of the Police and Fire Departments may elect to continue coverage for life by paying 102% of stated premium.
III. Effective August 31, 2010, surviving spouses of retired uniformed members of the Departments of Correction and Sanitation may elect to continue coverage for life by paying 102% of stated premium.
For survivors of POLICE and FIRE who die other than in the Line of Duty (assumed to be all who terminate with Accidental Death Benefits), and for all survivors of uniformed members of the Departments of Correction and Sanitation, the valuation assumes that 30% of spouses eligible for survivor continuation will elect the benefit, with costs equal to 30% greater than the age-adjusted premiums for surviving spouses for HIP HMO and GHI/EBCBS participants.
Beginning with the June 30, 2010 OPEB actuarial valuation, the valuation includes an estimate of the value of benefits provided to existing survivors of POLICE and FIRE retirees who died other than in the Line of Duty, who qualified for lifetime continuation coverage prior to the valuation date, based on the assumptions outlined above. Beginning with the June 30, 2012 OPEB actuarial valuation, the valuation includes an estimate of the value of benefits provided to existing survivors of retired uniformed members of the Departments of Correction and Sanitation who qualified for lifetime continuation coverage prior to the valuation date, based on the assumptions outlined above.
The valuation includes the entire cost of additional surviving spouse benefits for basic coverage and Medicare Part B Premium reimbursement for Line of Duty survivors, although the OA understands that some of this amount may be reimbursed through Welfare Funds.
Dependents . . . . . . . . . . . . . . . . . . . . . . . . Dependent assumptions based on distribution of coverage of recent retirees are shown in the following table. Actual spouse data for current retirees. Child dependents of current retirees are assumed to receive coverage until age 26.
Beginning with the June 30, 2012 valuation, based on experience under the Plan, for NYCERS, TRS and BERS employees, male retirees were assumed to be four (4) years older than their wives, and female retirees were assumed to be two (2) years younger than their husbands; for POLICE and FIRE employees, husbands are assumed to be two (2) years older than their wives. Children are assumed to be covered for eight (8) years after retirement. For employees eligible to retire based only on service, children are assumed to be covered for an additional five (5) years.
110
NOTES TO FINANCIAL STATEMENTS, Continued
Dependent Coverage Assumptions_____________________________________________________________________________________ Group June 30, 2014 and June 30, 2013 Valuations______ ________________________________________________________ NYCERS TRS BERS POLICE FIRE _________ ____ ______ ________ _____
Male –Single Coverage 30% 45% 35% 15% 10% –Spouse 40 35 55 15 20 –Child/No Spouse 5 5 2 5 5 –Spouse and Child 25 15 8 65 65 _____ _____ _____ _____ _____ Total 100% 100% 100% 100% 100% _____ _____ _____ _____ _____ _____ _____ _____ _____ _____
Female –Single Coverage 70% 60% 60% 45% 10% –Spouse 20 32 35 10 20 –Child/No Spouse 5 3 2 25 5 –Spouse and Child 5 5 3 20 65 _____ _____ _____ _____ _____ Total 100% 100% 100% 100% 100% _____ _____ _____ _____ _____ _____ _____ _____ _____ _____
___________
Note: For accidental death, 80% of POLICE and FIRE members are assumed to have family coverage.
Demographic Assumptions . . . . . . . . . . . The same assumptions that were used to value the pension benefits of the NYCRS for determining employer contributions for fiscal years beginning 2012 adopted by the Boards of Trustees (see the Silver Books).
For assumptions used in the June 30, 2013 OPEB actuarial valuation, see the Ninth Annual OPEB Report.
COBRA Benefits . . . . . . . . . . . . . . . . . . . Although COBRA beneficiaries pay 102% of “premiums,” typical claim costs for COBRA participants run about 50% greater than other participants.
There is no cost to the City for COBRA beneficiaries who enroll in community-rated HMO’s, including HIP, since these individuals pay their full community rate. However, the City’s costs under the experience-rated GHI/EBCBS coverage are affected by the claims for COBRA-covered individuals.
In order to reflect the cost of COBRA coverage, the cost of excess claims for GHI covered individuals and families is estimated assuming 15% of employees not eligible for other benefits included in the valuation elect COBRA coverage for 15 months. These assumptions are based on experience of other large employers. This percentage is applied to the overall enrollment in the active plan and reflects a load for individuals not yet members of the retirement systems who are still eligible for COBRA benefits. This results in an assumption in the June 30, 2014 OPEB actuarial valuation of a lump- sum COBRA cost of $875 for terminations during Fiscal Year 2015 ($800 lump-sum cost during Fiscal Year 2014 was assumed in the June 30, 2013 OPEB actuarial valuation). The $875 ($800) lump-sum amount is increased by the Pre-Medicare HCCTR for future years but is not adjusted for age-related morbidity.
Cadillac Tax . . . . . . . . . . . . . . . . . . . . . . . Effective June 30, 2012, the OPEB actuarial valuation includes an explicit calculation of the high-cost plan excise tax (“Cadillac Tax”) that will be imposed beginning in 2018 under NHCR.
The tax is 40% of the excess of (a) over (b) where (a) is the cost of medical coverage, and (b) is the statutory limits ($10,200 for single coverage and $27,500 for family coverage), adjusted for the following:
111
NOTES TO FINANCIAL STATEMENTS, Continued
• The limit will first be increased by the excess of accumulated trend for the period from 2010 through 2018 over 55% (reflecting the adjustment for excess trend on the standard Federal Blue Cross/Blue Shield option). The calculation reflects actual trend on the standard Federal Blue Cross/Blue Shield option for 2010 through 2015. Trend was estimated using the Pre-Medicare trend for the period from 2015 through 2018 and actual Federal Blue Cross/Blue Shield trend for the period 2010-2015.
• For Pre-Medicare retirees above the age of 55, the limit will be further increased by $1,650 for single coverage; $3,450 for family coverage.
• For 2019, the 2018 limit was increased by CPI + 1% (e.g. 3.5%). For each year after 2019, the limit is further increased by CPI (2.5%).
The impact of the Cadillac Tax for the NYCHBP benefits is calculated based on the following assumptions about the cost of medical coverage:
• Benefit costs were based on Pre-Medicare and Medicare plan premiums as stated, without adjustment for age.
• For Medicare participants, the cost of reimbursing the Medicare Part B Premium was reflected based on average cost assumed in the valuation, including IRMAA.
• The cost for each benefit option (GHI, HIP, or other HMO, combined with Medicare Part B Premium reimbursement, if applicable) was separately compared to the applicable limit.
• The additional Cadillac Tax due to the riders or optional benefit arrangements is assumed to be reflected in the contribution required for the rider or optional benefit.
• The additional Cadillac Tax due to amounts provided by Welfare Fund benefits is assumed to be absorbed by the Welfare Fund or by lower net Welfare Fund contribution amounts.
• There is no assumption of additional amounts required from the various benefit administrators due to the fact that the Cadillac Tax is not deductible to tax- paying entities. Instead, it is assumed that by 2018, financial arrangements are structured such that the tax exempt status of the City results in no need to gross up the cost of the Cadillac Tax for additional taxes.
• The additional amount for Pre-Medicare retirees above age 55 is available to Medicare retirees or retirees who are younger than age 55 for plans sponsored by an employer where the majority of employees are engaged in high-risk professions including law enforcement officers and fire fighters. It has been assumed that the majority of the employees of the City are not engaged in such professions and have not extended the adjustment to these additional ages.
In cases where the City provides only a portion of the OPEB benefits which give rise to the Cadillac Tax, the calculated Cadillac Tax is allocated to the appropriate paying entity in proportion to the OPEB liabilities for relevant OPEB benefits.
112
NOTES TO FINANCIAL STATEMENTS, Continued
Active/Inactives Liabilities . . . . . . . . . . . . Beginning with the June 30, 2010 OPEB actuarial valuation, it was assumed that the liability for the Active/Inactive members should be 40% of the measured liability of the Active/Inactive population. This is roughly equivalent to assuming that 60% of the Active/Inactive members will terminate membership prior to vesting and not receive OPEB. Beginning with the June 30, 2012 OPEB actuarial valuation, the Entry Age Actuarial Accrued Liability is assumed to include the 40% of the measured present value of projected benefits.
Stabilization Fund . . . . . . . . . . . . . . . . . . A .6% load is applied on all City GASB45 obligations (.7% last year). The same loads apply to the GASB43 obligations in the current and preceding valuation. The load is not applicable to Component Units.
Educational Construction Fund . . . . . . . . The actuarial assumptions used for determining GASB45 obligations for ECF are shown in Appendix E of the Tenth Annual Actuarial Valuation of Other Postemployment Benefits Provided under the New York City Health Benefits Program (Report) dated September 17, 2015. The Report is available at the Office of the Comptroller, Bureau of Accountancy—Room 200 South, 1 Centre Street, New York, New York 10007 and on the website of the New York City Office of the Actuary (http://www.nyc.gov/html/actuary).
CUNY TIAA . . . . . . . . . . . . . . . . . . . . . . The actuarial assumptions used for determining obligations for CUNY TIAA are shown in Appendix F of the Tenth Annual Actuarial Valuation of Other Postemployment Benefits Provided under the New York City Health Benefits Program (Report) dated September 17, 2015. The Report is available at the Office of the Comptroller, Bureau of Accountancy—Room 200 South, 1 Centre Street, New York, New York 10007 and on the website of the New York City Office of the Actuary (http://www.nyc.gov/html/actuary).
5. Pensions
Plan Descriptions
The City sponsors or participates in five pension trusts providing benefits to its employees, the majority of whom are members of one of these pension trusts (collectively referred to as NYCRS). Each of the trusts administers a qualified pension plan (QPP) and one or more variable supplements funds (VSFs) or tax-deferred annuity programs (TDA Programs) that supplement the pension benefits provided by the QPP. The trusts administered by NYCRS function in accordance with existing State statutes and City laws, which are the basis by which benefit terms and employer and member contribution requirements are established. The QPPs combine features of a defined benefit pension plan with those of a defined contribution pension plan; however, they are considered defined benefit plans for financial reporting purposes. The VSFs are considered defined benefit pension plans and the TDA Programs are considered defined contribution plans for financial reporting purposes. A brief description of each of the NYCRS and the individual plans they administer follows:
1. New York City Employees’ Retirement System (NYCERS) administers the NYCERS QPP and five VSFs. The NYCERS QPP is a cost-sharing multiple-employer pension plan that provides pension benefits for employees of the City not covered by one of the other NYCRS, and employees of certain component units of the City and certain other governmental units.
NYCERS also administers the following VSFs, which operate pursuant to the provisions of Title 13, Chapter 1 of the Administrative Code of The City of New York (ACNY):
• Transit Police Officers’ Variable Supplements Fund (TPOVSF), which provides supplemental benefits to NYCERS QPP members who retire for service on or after July 1, 1987 with 20 or more years of service as Transit Police Officers.
• Transit Police Superior Officers’ Variable Supplements Fund (TPSOVSF), which provides supplemental benefits to NYCERS QPP members who retire for service on or after July 1, 1987 as Transit Police Superior Officers with 20 or more years of service.
113
NOTES TO FINANCIAL STATEMENTS, Continued
• Housing Police Officers’ Variable Supplements Fund (HPOVSF), which provides supplemental benefits to NYCERS QPP members who retire for service on or after July 1, 1987 with 20 or more years of service as Housing Police Officers.
• Housing Police Superior Officers’ Variable Supplements Fund (HPSOVSF), which provides supplemental benefits to NYCERS QPP members who retire for service on or after July 1, 1987 as Housing Police Superior Officers with 20 or more years of service.
• Correction Officers’ Variable Supplements Fund (COVSF), which provides supplemental benefits to NYCERS QPP members who retire for service on or after July 1, 1999 (with 20 or 25 years of service, depending upon the plan) as members of the Uniformed Correction Force.
TPOVSF, TPSOVSF, HPOVSF, and HPSOVSF are closed to new entrants.
2. Teachers’ Retirement System of The City of New York (TRS) administers the TRS QPP and the TRS TDA Program. The TRS QPP is a cost-sharing, multiple-employer pension plan for pedagogical employees in the public schools of the City and certain Charter Schools and certain other specified school and CUNY employees. The TRS TDA Program was established and is administered pursuant to Internal Revenue Code Section 403(b) and Chapter 4 of Title 13 of ACNY. The TRS TDA Program provides a means of deferring income tax payments on members’ voluntary pre-tax contributions and earnings thereon until the periods after retirement or upon withdrawal of contributions. Members of the TRS QPP have the option to participate in the TRS TDA Program.
3. New York City Board of Education Retirement System (BERS) administers the BERS QPP and the BERS TDA Program. The BERS QPP is a cost-sharing, multiple-employer pension plan for non-pedagogical employees of the Department of Education and certain Charter Schools and certain employees of the School Construction Authority. The BERS TDA Program was established and is administered pursuant to Internal Revenue Code Section 403(b), the New York State Education Law and the BERS Rules and Regulations. The BERS TDA Program provides a means of deferring income tax payments on members’ voluntary pre-tax contributions and earnings thereon until the periods after retirement or upon withdrawal of contributions. Members of the BERS QPP have the option to participate in the BERS TDA Program.
4. New York City Police Pension Fund (POLICE) administers the POLICE QPP, along with the Police Officers’ Variable Supplements Fund (POVSF) and Police Superior Officers’ Variable Supplements Fund (PSOVSF). The POLICE QPP is a single-employer pension plan for all full-time uniformed employees of the New York City Police Department.
POVSF and PSOVSF operate pursuant to the provisions of Title 13, Chapter 2 of the ACNY. POVSF provides supplemental benefits to POLICE QPP members who retire for service on or after October 1, 1968 with 20 or more years of service as police officers. PSOVSF provides supplemental benefits to POLICE QPP members who retire for service on or after October 1, 1968 as police superior officers with 20 or more years of service.
5. New York Fire Department Pension Fund (FIRE) administers the FIRE QPP, along with the Firefighters’ Variable Supplements Fund (FFVSF) and the Fire Officers’ Variable Supplements Fund (FOVSF). The FIRE QPP is a single- employer pension plan for full-time uniformed employees of the New York City Fire Department.
FFVSF and FOVSF operate pursuant to the provisions of Title 13, Chapter 3 of the ACNY. FFVSF provides supplemental benefits to FIRE QPP members who retire for service on or after October 1, 1968 with 20 or more years of service as firefighters or wipers. FOVSF provides supplemental benefits to FIRE QPP members who retire for service on or after October 1, 1968 as fire officers, and all pilots and marine uniformed engineers, with 20 or more years of service.
Except for NYCERS and BERS, permanent, full-time employees are generally required to become members of a NYCRS QPP upon employment. Permanent full-time employees who are eligible to participate in the NYCERS QPP and BERS QPP are generally required to become members within six months of their permanent employment status but may elect to become members earlier. Other employees who are eligible to participate in the NYCERS QPP and BERS QPP may become members at their option.
114
NOTES TO FINANCIAL STATEMENTS, Continued
As of June 30, 2013 and June 30, 2012, the dates of the most recent actuarial valuations, system-wide membership data for the QPPs are as follows:
NYCERS TRS BERS POLICE FIRE Total _______ _______ _______ _______ _______ _______ QPP Membership at June 30, 2013 Retirees and Beneficiaries Receiving Benefits . . . . . . 139,399 78,177 15,455 46,950 16,807 296,788 Terminated Vested Members Not Yet Receiving Benefits . . . . . . . . . . . . . . . . . . . . . . . . . 10,086 10,867 182 715 33 21,883
Other Inactives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,482 6,683 4,127 1,287 17 28,596 Active Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185,971 112,481 25,848 34,775 10,182 369,257 _______ _______ _______ _______ _______ _______ Total QPP Membership . . . . . . . . . . . . . . . . . . . . . . 351,938 208,208 45,612 83,727 27,039 716,524 _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
NYCERS TRS BERS POLICE FIRE Total _______ _______ _______ _______ _______ _______ QPP Membership at June 30, 2012 Retirees and Beneficiaries Receiving Benefits . . . . . . 137,987 76,539 14,874 46,638 16,917 292,955 Terminated Vested Members Not Yet Receiving Benefits . . . . . . . . . . . . . . . . . . . . . . . . . 8,880 9,868 184 746 30 19,708
Other Inactives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,353 9,689 3,305 1,358 12 30,717 Active Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187,114 112,460 27,840 34,240 10,267 371,921 _______ _______ _______ _______ _______ _______ Total QPP Membership . . . . . . . . . . . . . . . . . . . . . . 350,334 208,556 46,203 82,982 27,226 715,301 _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
As of June 30, 2014 and 2013, the dates of the most recent actuarial valuations, membership data for the NYCERS VSFs are as follows:
TPOVSF TPSOVSF HPOVSF HPSOVSF COVSF Total _______ _______ _______ ________ _______ _______ Membership at June 30, 2014 Retirees Receiving or Eligible to Receive Benefits . . . 339 258 175 232 6,645 7,649 Active Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — 8,612 8,612 _______ _______ _______ _______ _______ _______ Total Membership . . . . . . . . . . . . . . . . . . . . . . . . . . 339 258 175 232 15,257 16,261 _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
TPOVSF TPSOVSF HPOVSF HPSOVSF COVSF Total _______ _______ _______ ________ _______ _______ Membership at June 30, 2013 Retirees Receiving or Eligible to Receive Benefits . . . 343 261 181 238 6,434 7,457 Active Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — 8,675 8,675 _______ _______ _______ _______ _______ _______ Total Membership . . . . . . . . . . . . . . . . . . . . . . . . . . 343 261 181 238 15,109 16,132 _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
As of June 30, 2014 and 2013, the dates of the most recent actuarial valuations, membership data for the POLICE and FIRE VSFs are as follows:
Total Total PSOVSF POVSF POLICE FOVSF FFVSF FIRE _______ _______ _______ ________ _______ _______ Membership at June 30, 2014 Retirees Receiving Benefits . . . . . . . . . . . . . . . . . . . . 17,608 12,251 29,859 1,629 3,691 5,320 Active Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,198 22.204 34,402 2,696 7,623 10,319 _______ _______ _______ _______ _______ _______ Total Membership . . . . . . . . . . . . . . . . . . . . . . . . . . 29,806 34,455 64,261 4,325 11,314 15,639 _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
Total Total PSOVSF POVSF POLICE FOVSF FFVSF FIRE _______ _______ _______ ________ _______ _______ Membership at June 30, 2013 Retirees Receiving Benefits . . . . . . . . . . . . . . . . . . . . 16,996 11,777 28,773 1,653 3,720 5,373 Active Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,137 22,638 34,775 2,485 7,697 10,182 _______ _______ _______ _______ _______ _______ Total Membership . . . . . . . . . . . . . . . . . . . . . . . . . . 29,133 34,415 63,548 4,138 11,417 15,555 _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
115
NOTES TO FINANCIAL STATEMENTS, Continued
Summary of Plan Benefits
QPPs
The NYCRS QPPs provide pension benefits to retired employees generally based on salary, length of service, and pension tier. For certain members of the NYCRS QPPs, voluntary member contributions also impact pension benefits provided. The NYCRS also provide automatic Cost-of-Living Adjustments (COLA) and other supplemental pension benefits to certain retirees and beneficiaries. In the event of disability during employment, participants may receive retirement allowances based on satisfaction of certain service requirements and other provisions. The NYCRS QPPs also provide death benefits. Subject to certain conditions, members become fully vested as to benefits upon the completion of 5 or 10 years of service depending on tier. Upon termination of employment before retirement, certain members are entitled to refunds of their own contributions, including accumulated interest, less any outstanding loan balances.
The State Constitution provides that pension rights of public employees are contractual and shall not be diminished or impaired. In 1973, 1976, 1983 and 2012, significant amendments made to the State Retirement and Social Security Law (RSSL) modified certain benefits for employees joining the QPPs on or after the effective date of such amendments, creating membership tiers. Currently, there are several tiers referred to as Tier I, Tier II, Tier III, Tier IV and Tier VI. Members are assigned a tier based on membership date. The specific membership dates for each tier may vary depending on the respective QPP. The Tier II Plan ended as of June 30, 2009. This affects new hires into the uniformed forces of the New York City Police Department and the New York City Fire Department (new members of the POLICE QPP and FIRE QPP) and Detective Investigators who become new members of the NYCERS QPP from July 1, 2009 to March 31, 2012. Chapter 18 of the Laws of 2012 (Chapter 18/12) amended the retirement benefits of public employees who establish membership in one of the NYCRS on or after April 1, 2012. Chapter 18/12 is commonly referred to as Tier VI.
VSFs
The VSFs provide a guaranteed schedule of supplemental benefits for respective eligible members. Currently, these annual supplemental benefits generally are a maximum amount of $12,000. For COVSF prior to Calendar Year 2019, total supplemental benefits paid, although determined in the same manner as for other VSFs, are only paid if the assets of COVSF are sufficient to pay the full amount due to all eligible retirees. Scheduled benefits to COVSF participants were paid for Calendar Years 2000 to 2005 and for Calendar Year 2014. Due to insufficient assets, no benefits were paid to COVSF participants from Calendar Year 2006 to Calendar Year 2013. For Calendar Years 2019 and later, COVSF provides for a schedule of defined supplemental benefits that are guaranteed. COVSF benefits are expected to be paid in Calendar Year 2015.
In accordance with ACNY, VSFs are not pension funds or retirement systems. Instead, they provide scheduled supplemental payments, in accordance with applicable statutory provisions. While a portion of these payments are guaranteed by the City, the Legislature has reserved to itself and The State of New York, the right and power to amend, modify, or repeal VSFs and the payments they provide. However, any assets transferred to the VSFs are held in trust solely for the benefit of its members.
TDA Programs
Benefits provided under the TRS and BERS TDA Programs are derived from members’ accumulated contributions. No benefits are provided by employer contributions. A participant may withdraw all or part of the balance of his or her account at the time of retirement or termination of employment. Beginning January 1, 1989, the tax laws restricted withdrawals of tax-deferred annuity contributions and accumulated earnings thereon for reasons other than retirement or termination. Contributions made after December 31, 1988, and investment earnings credited after December 31, 1988, may only be withdrawn upon attainment of age 59-1/2 or for reasons of hardship (as defined by Internal Revenue Service regulations). Hardship withdrawals are limited to contributions only.
An active member may withdraw all or part of the contributions made before January 1, 1989, and the earnings credited to the account before January 1, 1989. The member making the withdrawals may not contribute to the TDA Program for the remainder of the current year.
If a member dies while an active employee, the full value of his or her account at the date of death is paid to the member’s beneficiary or estate.
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NOTES TO FINANCIAL STATEMENTS, Continued
117
When a member resigns before attaining vested rights under the respective QPP, he or she may withdraw the value of his or her TDA Program account or leave the account in the TDA Program for a period of up to five years after the date of resignation. If a member resigns after attaining vested rights under the respective QPP, he or she may leave his or her account in the TDA Program, accruing earnings until reaching an age requiring minimum distribution as required by IRS regulations. Once a withdrawal is made from the respective QPP, an automatic termination and refund of the value of the account in the TDA Program will be made to the member. In lieu of making withdrawals from his or her TDA Program account upon retirement, a member may choose to take the balance in the form of an annuity that is calculated based on the statutory rate of interest (discussed below) and statutory mortality assumptions.
The TDA Programs have several investment options broadly categorized as fixed return funds and variable return funds. Under the fixed return funds, deposits from members’ TDA Program accounts are used by the respective QPP to purchase investments, and such TDA Program accounts are credited with a statutory rate of interest, currently 7% for UFT members and 8.25% for all other members. The QPP is initially responsible for funding any deficiency between the statutory rates and actual rate of return of the QPP. If earnings on the respective QPP are less than the amount credited to the TDA Program members’ accounts, then additional payments by the City to the respective QPP may be required. If the earnings are higher, then lower payments by the City to the QPP may be required.
All investment securities held in the fixed return funds are owned and reported by the QPP. A receivable due from the QPP equal in amount to the aggregate original principal amounts contributed by TDA Program members to the fixed return funds, plus accrued interest at the statutory rate, is owned by the TDA Program. The balance of TDA Program fixed return funds held by the TRS QPP as of June 30, 2015 and 2014 were $18.7 billion and $17.2 billion, respectively, and interest paid on TDA Program fixed return funds by the TRS QPP for the years then ended were $1.2 billion and $1.1 billion, respectively. The balance of TDA Program fixed return funds held by the BERS QPP as of June 30, 2015 and 2014 are $1,153 million and $999 million, respectively, and interest paid on TDA Program fixed return funds by the BERS QPP for the years then ended were $45.0 million and $206.6 million, respectively. Under the variable return funds, members’ TDA Program accounts are adjusted for actual returns on the underlying investments of the specific fund selected. Members may switch all or a part of their TDA contributions between the fixed and variable return funds on a quarterly basis.
Contributions and Funding Policy
QPPs
The City’s funding policy is to contribute statutorily-required contributions (Statutory Contributions). Statutory Contributions for the NYCRS, determined by the Actuary in accordance with State statutes and City laws, are generally funded by the employers within the appropriate Fiscal Year. The Statutory Contributions are determined under the One-Year Lag Methodology (OYLM). Under OYLM, the actuarial valuation date is used for calculating the Employer Contributions for the second following Fiscal Year. For example, the June 30, 2013 actuarial valuation was used for determining the Fiscal Year 2015 Statutory Contributions. Statutory Contributions are determined annually to be an amount that, together with member contributions and investment income, provides for QPP assets to be sufficient to pay benefits when due. The aggregate Statutory Contributions due to each QPP from participating employers for Fiscal Years 2015 and 2014 and the amount of the City’s Statutory and Actual contribution to each QPP for such fiscal years are as follows (in millions):
Fiscal Fiscal Fiscal Fiscal Year 2015 Year 2015 Year 2014 Year 2014 Aggregate City Aggregate City Statutory Statutory/Actual Statutory Statutory/Actual QPP Contribution Contribution Contribution Contribution_____ ___________ ___________ ___________ ___________ (in millions)
NYCERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,160 $1,758 $3,114 $1,730 TRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,270 3,181 2,999 2,917 BERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 258 258 215 215 POLICE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,310 2,310 2,321 2,321 FIRE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 989 989 970 970
NOTES TO FINANCIAL STATEMENTS, Continued
Member contributions are established by law and vary by QPP. In general, Tier I and Tier II member contribution rates are dependent upon the employee’s age at membership and retirement plan election. In general, Tier III and Tier IV members make basic contributions of 3.0% of salary regardless of age at membership. Effective October 1, 2000, in accordance with Chapter 126 of the Laws of 2000, these members, except for certain Transit Authority employees, are not required to make basic contributions after the 10th anniversary of their membership date or completion of ten years of credited service, whichever is earlier. Effective December 2000, certain Transit Authority Tier III and Tier IV members make basic member contributions of 2.0% of salary in accordance with Chapter 10 of the Laws of 2000. Certain members of the NYCERS QPP, TRS QPP and BERS QPP also make additional member contributions. Tier VI members contribute between 3.0% and 6.0% of salary, depending on salary level.
VSFs
ACNY provides that the POLICE QPP and FIRE QPP transfer to their respective VSFs amounts equal to certain excess earnings on QPP equity investments, generally limited to the unfunded accumulated benefit obligation for each VSF. ACNY also provides that the NYCERS QPP transfer to COVSF a fraction of certain excess earnings on NYCERS QPP equity investments, such fraction reflecting the ratio of Uniformed Correction member salaries to the salaries of all active members of the NYCERS QPP. In each case, the earnings to be transferred (or the appropriate fraction thereof in the case of COVSF) are the amount by which earnings on equity investments exceed what the earnings would have been had such funds been invested at a yield comparable to that available from fixed income securities, less any cumulative past deficiencies (Excess Earnings).
In addition to the transfer of Excess Earnings, under Chapter 3 of the Laws of 2013, should the assets of the POVSF or the PSOVSF be insufficient to pay annual benefits, the POLICE QPP is required to transfer amounts sufficient to make such benefit payments. Additionally, under Chapter 583 of the Laws of 1989, should the assets of the FFVSF or the FOVSF be insufficient to pay annual benefits, the City is required to transfer amounts sufficient to make such benefit payments. Further, under Chapter 255 of the Laws of 2000, the NYCERS QPP is required to make transfers to TPOVSF, TPSOVSF, HPOVSF and HPSOVSF sufficient to meet their annual benefit payments.
For Fiscal Year 2015, Excess Earnings on equity investments, inclusive of prior year’s cumulative deficiencies, exceeded zero, and therefore, transfers of assets from the QPPs to their respective VSFs were required. As of the date of this report, the amount of such transfer due for Fiscal Year 2015 from the NYCERS QPP to COVSF is estimated to be $30 million. The amounts of such transfers due for Fiscal Year 2015 from the POLICE QPP to POVSF and PSOVSF are estimated to be $330 million and $260 million, respectively. The amounts of such transfers due for Fiscal Year 2015 from the FIRE QPP to FFVSF and FOVSF are estimated to be $30 million and $10 million, respectively. Additionally, in Fiscal Year 2015, the NYCERS QPP made required transfers of $4.1 million, $3.1 million, $2.1 million, and $2.7 million to TPOVSF, TPSOVSF, HPOVSF, and HPSOVSF, respectively, to fund annual benefits.
For Fiscal Year 2014, Excess Earnings on equity investments, inclusive of prior year’s cumulative deficiencies, exceeded zero, and therefore, transfers of assets from the QPPs to their respective VSFs were required. The amount of such transfer due for Fiscal Year 2014 from the NYCERS QPP to COVSF was estimated to be $190 million. The amounts of such transfers due for Fiscal Year 2014 from the POLICE QPP to POVSF and PSOVSF were estimated to be $1.29 billion and $1.02 billion, respectively. The amounts of such transfers due for Fiscal Year 2014 from the FIRE QPP to FFVSF and FOVSF were estimated to be $110 million and $10 million, respectively. Additionally, in Fiscal Year 2014, the NYCERS QPP made required transfers of $4.1 million, $3.1 million, $2.2 million and $2.8 million to TPOVSF, TPSOVSF, HPOVSF, and HPSOVSF, respectively, to fund annual benefits. Also, because PSOVSF assets were insufficient to pay benefits, the POLICE QPP made required transfers to PSOVSF of approximately $231 million in Fiscal Year 2014.
TDA Programs
Contributions to the TDA Programs are made by the members only and are voluntary. Active members of the respective QPP are required to submit a salary reduction agreement and an enrollment request to make contributions. A participant may elect to exclude an amount (within the maximum allowed by the Internal Revenue Service) of his or her compensation from current taxable income by contributing it to the TDA Programs. This maximum is determined annually by the IRS for each calendar year. Additionally, members can elect either a fixed or variable investment program for investment of their contributions.
No employer contributions are made to the TDA Programs. However, the TDA Programs offer a fixed return investment option as discussed above which could increase or decrease the City’s contribution to the respective QPPs.
118
NOTES TO FINANCIAL STATEMENTS, Continued
Net Pension Liability
The City’s net pension liabilities for each of the QPPs reported at June 30, 2015 and 2014 were measured as of those fiscal year- end dates. The total pension liabilities used to calculate those net pension liabilities were determined by actuarial valuations as of June 30, 2013 and June 30, 2012, respectively, based on the OLYM described above, and rolled forward to the respective fiscal year-end measurement dates. Information about the fiduciary net position of each QPP and additions to and deductions from each QPP’s fiduciary net position has been determined on the same basis as they are reported by the respective QPP. For this purpose, benefits and refunds are recognized when due and payable in accordance with the terms of the respective qualified pension plan and investments are reported at fair value.
Actuarial Assumptions
The total pension liabilities in the June 30, 2013 and June 30, 2012 actuarial valuations were determined using the following actuarial assumptions, applied to all periods included in the measurement:
June 30, 2013 June 30, 2012 ________________________________________________________________________ _____________________________________________________________________
Investment Rate of Return . . . . . . 7.0% per annum, net of investment expenses 7.0% per annum, net of investment expenses (Actual Return for Variable Funds). (Actual Return for Variable Funds).
Post-Retirement Mortality . . . . . . Tables adopted by the respective Boards of Tables adopted by the respective Boards of Trustees during Fiscal Year 2012. Trustees during Fiscal Year 2012.
Active Service: Withdrawal, Death, Disability, Retirement . . . . . . . Tables adopted by the respective Boards of Tables adopted by the respective Boards of
Trustees during Fiscal Year 2012. Trustees during Fiscal Year 2012.
Salary Increases1 . . . . . . . . . . . . . In general, Merit and Promotion increases, In general, Merit and Promotion increases, plus assumed General Wage Increases of plus assumed General Wage Increases of 3.0% per year. 3.0% per year.
Cost-of-Living Adjustments1 . . . . 1.5% per annum for Tiers I, II, IV, and certain 1.5% per annum for Tiers I,II,IV and certain Tier III and Tier VI retirees. 2.5% per annum Tier III and Tier VI retirees. 2.5% per annum for certain Tier III and Tier VI retirees. for certain Tier III and Tier VI retirees.
(1) Developed assuming a long-term Consumer Price Inflation assumption of 2.5% per year.
Pursuant to Section 96 of the New York City Charter, studies of the actuarial assumptions used to value liabilities of the five actuarially-funded QPPs are conducted by an independent actuarial firm every two years. The most recent actuarial study analyzed experience for the four-year and ten-year periods ended June 30, 2013. In a report dated October 23, 2015, the independent actuarial auditor confirmed that the Actuary’s calculations of employer contributions for Fiscal Year 2014 were reasonable and appropriate and recommended the consideration of changes to the mortality, overtime, and investment return assumptions.
In accordance with the ACNY and with appropriate practice, the Boards of Trustees of the five actuarially-funded QPPs are to periodically review and adopt certain actuarial assumptions as proposed by the Actuary for use in the determination of Employer Contributions, which are also generally used to determine the total pension liability, as applicable. Based, in part, upon a review of the then two most recently completed experience studies, the Actuary issued reports for the QPPs proposing changes in actuarial assumptions and methods for Fiscal Years beginning on and after July 1, 2011 (February 2012 Reports). Where required, the Boards of Trustees of the NYCRS adopted those changes to actuarial assumptions that require Board approval. The State Legislature enacted Chapter 3/13 to provide for those changes to the actuarial assumptions and methods that require legislation, including the Actuarial Interest Rate (AIR) assumption of 7.0% per annum, net of investment expenses.
119
NOTES TO FINANCIAL STATEMENTS, Continued
Management of each of the pension funds has determined its long-term expected rate of return to be 7.0% per annum. This is based upon weighted expected real rates of return (RROR) ranging from 5.34% to 5.58% and a long-term Consumer Price Inflation assumption of 2.5% offset by investment related expenses. The target asset allocation of each of the funds and the expected RROR for each of the asset classes are summarized in the following tables:
NYCERS Target Long-Term Asset Expected Asset Class Allocation RROR_______ ________ ________ U.S. Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.60% 6.60% International Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00% 7.00% Emerging Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.90% 7.90% Private Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00% 9.90% Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.50% 2.70% Alternatives (Real Assets, Hedge Funds) . . . . . . . . . . . . . . . . . . . . . . . 10.00% 4.00% ________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00%
BERS Target Long-Term Asset Expected Asset Class Allocation RROR_______ ________ ________ U.S. Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00% 6.60% International Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . 17.00% 7.00% Emerging Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.00% 7.90% Private Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.00% 9.90% Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00% 2.70% Alternatives (Real Assets, Hedge Funds) . . . . . . . . . . . . . . . . . . . . . . . 7.00% 4.00% ________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00%
TRS Target Long-Term Asset Expected Asset Class Allocation RROR_______ ________ ________ U.S. Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.00% 6.60% International Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . 9.00% 7.00% Emerging Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00% 7.90% Private Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.00% 9.90% Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.00% 2.70% Alternatives (Real Assets, Hedge Funds) . . . . . . . . . . . . . . . . . . . . . . . 6.00% 4.00% ________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00%
POLICE Target Long-Term Asset Expected Asset Class Allocation RROR_______ ________ ________ U.S. Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.00% 6.60% International Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00% 7.00% Emerging Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.00% 7.90% Private Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00% 9.90% Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.00% 2.70% Alternatives (Real Assets, Hedge Funds) . . . . . . . . . . . . . . . . . . . . . . . 11.00% 4.00% ________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00%
120
NOTES TO FINANCIAL STATEMENTS, Continued
FIRE Target Long-Term Asset Expected Asset Class Allocation RROR_______ ________ ________ U.S. Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.00% 6.60% International Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00% 7.00% Emerging Public Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.50% 7.90% Private Market Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00% 9.90% Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.50% 2.70% Alternatives (Real Assets, Hedge Funds) . . . . . . . . . . . . . . . . . . . . . . . 10.00% 4.00% ________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.00%
Discount Rate
The discount rate used to measure the total pension liability of each QPP as of June 30, 2015 and 2014 was 7.0%. The projection of cash flows used to determine the discount rate assumed that employee contributions will be made at the rates applicable to the current tier for each member and that employer contributions will be made based on rates determined by the Actuary. Based on those assumptions, each QPP’s fiduciary net position was projected to be available to make all projected future benefit payments of current active and non-active QPP members. Therefore, the long-term expected rate of return on QPP investments was applied to all periods of projected benefit payments to determine the total pension liability.
121
NOTES TO FINANCIAL STATEMENTS, Continued
Changes in Net Pension Liability—POLICE and FIRE QPPs
Changes in the City’s net pension liability for POLICE and FIRE for the Fiscal Years ended June 30, 2015 and 2014 are as follows: _________________________ _________________________ __________________________________________________________ _________________________ _________________________________________
POLICE FIRE _________________________ _________________________ __________________________________ _________________________ _________________________ __________________________________ Total Plan Net Total Plan Net Pension Fiduciary Pension Pension Fiduciary Pension Liability Net Position Liability Liability Net Position Liability _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ (in millions) Balances at 6/30/2013 . . . . . . . . . . . . . . $44,550 $29,452 $15,098 $17,524 $ 9,822 $ 7,702 Changes for Fiscal Year 2014: Service cost . . . . . . . . . . . . . . . . . . . . 1,302 — 1,302 413 — 413 Interest . . . . . . . . . . . . . . . . . . . . . . . . 3,117 — 3,117 1,215 — 1,215 Contributions—employer . . . . . . . . . . — 2,321 (2,321) — 970 (970) Contributions—employee . . . . . . . . . . — 229 (229) — 109 (109) Net investment income . . . . . . . . . . . . — 5,147 (5,147) — 1,689 (1,689) Benefit payments, including refunds of employee contributions . . . . . . . (2,682) (2,682) — (1,172) (1,172) — Administrative expense . . . . . . . . . . . — (17) 17 — — — Other changes . . . . . . . . . . . . . . . . . . . — 6 (6) — 40 (40) _______________ _______________ _______________ _______________ _______________ ______________ Net changes . . . . . . . . . . . . . . . . . . 1,737 5,004 (3,267) 456 1,636 (1,180) _______________ _______________ _______________ _______________ _______________ ______________ Balances at 6/30/2014 . . . . . . . . . . . . . . 46,287 34,456 11,831 17,980 11,458 6,522 _______________ _______________ _______________ _______________ _______________ ______________ Changes for the Fiscal Year 2015: Service cost . . . . . . . . . . . . . . . . . . . . 1,311 — 1,311 413 — 413 Interest . . . . . . . . . . . . . . . . . . . . . . . . 3,222 — 3,222 1,258 — 1,258 Differences between Expected and Actual Experience . . . . . . . . . . (215) — (215) 171 — 171 Contributions—employer . . . . . . . . . . — 2,310 (2,310) — 989 (989) Contributions—employee . . . . . . . . . — 241 (241) — 109 (109) Net investment income . . . . . . . . . . . . — 1,098 (1,098) — 302 (302) Benefit payments, including refunds of employee contributions . . . . . . . (2,747) (2,747) — (1,220) (1,220) — Administrative expense . . . . . . . . . . . — (18) 18 — — — Other changes . . . . . . . . . . . . . . . . . . . — 5 (5) — 41 (41) _______________ _______________ _______________ _______________ _______________ ______________ Net changes . . . . . . . . . . . . . . . . . . 1,571 889 682 622 221 401 _______________ _______________ _______________ _______________ _______________ ______________ Balances at 6/30/2015 . . . . . . . . . . . . . . $47,858 $35,345 $12,513 $18,602 $11,679 $ 6,923 _______________ _______________ _______________ _______________ _______________ ______________ _______________ _______________ _______________ _______________ _______________ ______________
The following table presents the City’s net pension liability for POLICE and FIRE calculated using the discount rate of 7.0%, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.0%) or 1-percentage-point higher (8.0%) than the current rate:
Fiscal Year 2015 Fiscal Year 2014 _________________________ _________________________ __________________________________ _________________________ _________________________ __________________________________ Current Current 1% Decrease Discount Rate 1% Increase 1% Decrease Discount Rate 1% Increase (6.0%) (7.0%) (8.0%) (6.0%) (7.0%) (8.0%) _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ (in millions)
POLICE . . . . . . . . . . . . . . . . . . . . . . . . . $17,703 $12,513 $8,202 $16,893 $11,831 $7,577 FIRE . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,890 6,923 5,225 8,449 6,522 4,885
122
NOTES TO FINANCIAL STATEMENTS, Continued
City Proportion of Net Pension Liability—NYCERS, TRS and BERS (Excluding TDAs)
The following table presents the City’s proportionate share of the net pension liability of the NYCERS, TRS and BERS QPPs at June 30, 2015 and 2014, and the proportion percentage of the aggregate net pension liability of each QPP allocated to the City:
June 30, 2015 June 30, 2014 _________________________ _________________________ __________________________________ _________________________ _________________________ __________________________________ NYCERS TRS BERS NYCERS TRS BERS _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ (in millions, except for %)
City’s proportion of the net pension liability . . . . . . . . . . . . . . . . . . . . . . . . 55.55% 97.27% 99.99% 55.54% 97.28% 99.99% City’s proportionate share of the net pension liability . . . . . . . . . . . . . . . . . $11,244 $20,219 $1,100 $10,008 $17,331 $907
The City’s proportion of the respective QPP’s net pension liability was based on actual required contributions of each of the participating employers.
The following table presents the City’s proportionate share of net pension liability for the NYCERS, TRS, and BERS QPPs calculated using the discount rate of 7.0%, as well as what the City’s proportionate share of the respective net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.0%) or 1-percentage-point higher (8.0%) than the current rate:
Fiscal Year 2015 Fiscal Year 2014 _________________________ _________________________ __________________________________ _________________________ _________________________ __________________________________ Current Current 1% Decrease Discount Rate 1% Increase 1% Decrease Discount Rate 1% Increase QPPs (6.0%) (7.0%) (8.0%) (6.0%) (7.0%) (8.0%)___________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________
(in millions)
NYCERS . . . . . . . . . . . . . . . . . . . . . . $15,550 $11,244 $ 7,244 $14,435 $10,008 $ 5,900 TRS . . . . . . . . . . . . . . . . . . . . . . . . . . 26,453 20,219 15,065 23,414 17,331 12,088 BERS . . . . . . . . . . . . . . . . . . . . . . . . . 1,596 1,100 666 1,377 907 511
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
Pension expense recognized by the City for the Fiscal Years ended June 30, 2015 and 2014 related to the NYCRS are as follows: 2015 2014 ________ ________ NYCRS (in millions)__________ NYCERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,160 $ 911 TRS (Excluding TDA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,103 1,686 BERS (Excluding TDA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139 258 POLICE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,204 1,274 FIRE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 602 507 ________ ________ TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,208 $4,636 ________ ________ ________ ________
123
NOTES TO FINANCIAL STATEMENTS, Continued
124
N O T E S T O F IN A N C IA L S T A T E M E N T S , C
on ti nu ed
D ef er re d o u tf lo w s o f re so u rc es a n d d ef er re d i n fl ow
s o f re so u rc es b y s o u rc e re p o rt ed b y t h e C it y a t Ju n e 3 0 , 2 0 1 5 a n d 2 0 1 4 f o r ea ch N Y C R S a re a s fo ll ow
s:
F is ca l Y ea r 20 15
N Y C E R S T R S B E R S P O L IC E F IR E T O T A L
__ __ __ __ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d
O u tf lo w s of I n fl ow s of O u tf lo w s of In fl ow s of O u tf lo w s of In fl ow s of O u tf lo w s of I n fl ow s of O u tf lo w s of I n fl ow s of O u tf lo w s of I n fl ow s of
R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es
__ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___
( in t h ou sa n d s)
D if fe re nc es b et w ee n ex pe ct ed a nd
a ct ua l ex pe ri en ce
. . . . . . . . . . . . $
— $
11 2, 92 8 $1 ,0 88 ,8 01 $
— $ 34 ,9 45 $
— $
— $
12 7, 49 2 $ 10 4, 15 2 $ —
$1 ,2 27 ,8 98 $
24 0, 42 0
C ha ng es o f as su m pt io ns
. . . . . . . . . —
—
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N et d if fe re nc e be tw ee n pr oj ec te d
a nd a ct ua l ea rn in gs o n pe ns io n
p la n in ve st m en ts . . . . . . . . . . . . . 1 ,1 68 ,3 14
2 ,1 03 ,7 05
1 ,0 78 ,0 88 4 ,9 55 ,7 87 38 ,5 89 61 7, 01 5 1 ,0 45 ,2 07 2 ,3 58 ,9 61 3 97 ,3 76 7 72 ,9 65 3 ,7 27 ,5 74 1 0, 80 8, 43 3
C ha ng es in p ro po rt io n an d di ff er en ce s
b et w ee n C it y co nt ri bu ti on s an d
p ro po rt io na te s ha re o f co nt ri bu ti on s
( co st -s ha ri ng p la ns ) . . . . . . . . . . . —
3 ,5 66
—
( 52 ) —
( 57 ) —
—
—
—
—
3 ,4 57
_ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ __ _ ____ ___ ___ ___ __ _ ____ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
T ot al
. . . . . . . . . . . . . . . . . . . . $ 1, 16 8, 31 4 $ 2, 22 0, 19 9 $2 ,1 66 ,8 89 $ 4, 95 5, 73 5 $ 73 ,5 34 $ 61 6, 95 8 $ 1, 04 5, 20 7 $2 ,4 86 ,4 53 $ 50 1, 52 8 $ 7 72 ,9 65 $4 ,9 55 ,4 72 $ 11 ,0 52 ,3 10
_ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ __ _ ____ ___ ___ ___ __ _ ____ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
_ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ __ _ ____ ___ ___ ___ __ _ ____ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
F is ca l Y ea r 20 14
N Y C E R S T R S B E R S P O L IC E F IR E T O T A L
__ __ __ __ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d D ef er re d
O u tf lo w s of I n fl ow s of O u tf lo w s of I n fl ow s of O u tf lo w s of I n fl ow s of O u tf lo w s of I n fl ow s of O u tf lo w s of I n fl ow s of O u tf lo w s of I n fl ow s of
R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es R es ou rc es
__ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___
( in t h ou sa n d s)
D if fe re nc es b et w ee n ex pe ct ed a nd
a ct ua l ex pe ri en ce
. . . . . . . . . . . . $ —
$
— $ — $ — $ —
$ —
$ —
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C ha ng es o f as su m pt io ns
. . . . . . . . . —
—
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—
—
—
—
—
N et d if fe re nc e be tw ee n pr oj ec te d
a nd a ct ua l ea rn in gs o n pe ns io n
p la n in ve st m en ts . . . . . . . . . . . . . —
2 ,8 73 ,7 95
—
6 ,8 09 ,0 48 —
85 6, 45 6 —
3 ,2 29 ,3 64 —
1 ,0 59 ,0 72 —
1 4, 82 7, 73 5
C ha ng es in p ro po rt io n an d di ff er en ce s
b et w ee n C it y co nt ri bu ti on s an d
p ro po rt io na te s ha re o f co nt ri bu ti on s
( co st -s ha ri ng p la ns ) . . . . . . . . . . . —
—
—
—
—
—
—
—
—
—
—
—
__ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ __ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ __ _ ____ ___ ___ ___ __ _ ____ ___ ___ ___ ___ __ __ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __
T ot al
. . . . . . . . . . . . . . . . . . . . $ —
$ 2, 87 3, 79 5 $ — $ 6, 80 9, 04 8 $ —
$ 85 6, 45 6 $ —
$3 ,2 29 ,3 64 $ —
$1 ,0 59 ,0 72 $ — $ 14 ,8 27 ,7 35
__ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ __ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ __ _ ____ ___ ___ ___ __ _ ____ ___ ___ ___ ___ __ __ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __
__ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ __ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ __ _ ____ ___ ___ ___ __ _ ____ ___ ___ ___ ___ __ __ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ __
125
A m ou nt s re po rt ed a s de fe rr ed o ut fl ow
s of r es ou rc es a nd d ef er re d in fl ow
s of r es ou rc es r el at ed t o pe ns io ns a t Ju ne 3 0, 2 01 5 w il l be r ec og ni ze d in p en si on e xp en se a s fo ll ow
s:
N Y C E R S T R S B E R S P O L IC E F IR E T O T A L
_ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ _
( in t h ou sa n d s)
Y ea r en d in g Ju n e 30 :
20 16
. . . . . . . . . . . . . . . . . . . . . . . . $
(5 29 ,8 72 ) $ (1 ,2 05 ,5 63 ) $ (2 14 ,5 33 ) $
(6 97 ,0 26 ) $ (1 19 ,5 68 ) $ (2 ,7 66 ,5 62 )
20 17
. . . . . . . . . . . . . . . . . . . . . . . . ( 52 9, 87 2) ( 1, 20 5, 56 4) ( 21 4, 53 3) ( 64 8, 66 7) ( 14 9, 80 6) ( 2, 74 8, 44 2)
20 18
. . . . . . . . . . . . . . . . . . . . . . . . ( 27 8, 48 5) ( 64 7, 16 7) ( 12 4, 10 2) ( 35 6, 85 5) ( 10 1, 40 6) ( 1, 50 8, 01 5)
20 19
. . . . . . . . . . . . . . . . . . . . . . . . 29 1, 60 6 2 69 ,5 11
9 ,6 48
2 61 ,3 02
99 ,3 44
9 31 ,4 11
T he re af te r . . . . . . . . . . . . . . . . . . . . —
—
—
—
—
—
_ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___
T ot al
. . . . . . . . . . . . . . . . . . . . . . $ (1 ,0 46 ,6 23 ) $ (2 ,7 88 ,7 83 ) $ (5 43 ,5 20 ) $ (1 ,4 41 ,2 46 ) $ (2 71 ,4 36 ) $ (6 ,0 91 ,6 08 )
_ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___
_ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___
N O T E S T O F IN A N C IA L S T A T E M E N T S , C
on ti nu ed
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
The City of New York
Comprehensive Annual Financial Report
of the Comptroller
Required Supplementary Information
Part II-B
Fiscal Year Ended June 30, 2015
129
THE CITY OF NEW YORK REQUIRED SUPPLEMENTARY INFORMATION (Unaudited)
A. Schedule of Changes in the City’s Net Pension Liability and Related Ratios for Single-Employer Pension Plans at June 30,
POLICE FIRE 2015 2014 2015 2014 ____________ ____________ ____________ ____________
(in thousands, except %) Total pension liability: Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,310,965 $ 1,301,753 $ 412,826 $ 412,911 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,222,241 3,117,317 1,257,531 1,215,277 Benefit payments and withdrawals . . . . . . . . . . . . . . . . . (2,746,784) (2,682,223) (1,220,441) (1,171,998) Difference between Expected and Actual Experience . . . . (215,418) — 171,347 — ____________________ ____________________ __________________________ ____________________ Net change in total pension liability . . . . . . . . . . . . 1,571,004 1,736,847 621,263 456,190 Total pension liability-beginning . . . . . . . . . . . . . . . . . . . . 46,286,703 44,549,856 17,980,492 17,524,303 ____________________ ____________________ __________________________ ____________________ Total pension liability-ending(a) . . . . . . . . . . . . . . . . . . . . . 47,857,707 46,286,703 18,601,755 17,980,492 ____________________ ____________________ __________________________ ____________________ Plan fiduciary net position: Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . 2,309,619 2,320,910 988,784 969,956 Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . 241,102 228,783 108,582 108,859 Net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . 1,098,220 5,147,483 302,567 1,689,485 Benefit payments and withdrawals . . . . . . . . . . . . . . . . . (2,746,784) (2,682,223) (1,220,441) (1,171,998) Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . (17,903) (17,450) — — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,616 6,911 41,201 39,980 ____________________ ____________________ __________________________ ____________________ Net change in plan fiduciary net position . . . . . . . . 888,870 5,004,414 220,693 1,636,282 Plan fiduciary net position—beginning . . . . . . . . . . . . . . . 34,456,182 29,451,768 11,458,638 9,822,356 ____________________ ____________________ __________________________ ____________________ Plan fiduciary net position—ending(b) . . . . . . . . . . . . . . . . 35,345,052 34,456,182 11,679,331 11,458,638 ____________________ ____________________ __________________________ ____________________ Employer’s net pension liability—ending(a)-(b) . . . . . . . . . . $12,512,655 $11,830,521 $ 6,922,424 $ 6,521,854 ____________________ ____________________ __________________________ ____________________ ____________________ ____________________ __________________________ ____________________ Plan fiduciary net position as a percentage of the total pension liability . . . . . . . . . . . . . . . . . . . . . . . . . 73.85% 74.44% 62.79% 63.73% ____________________ ____________________ __________________________ ____________________ ____________________ ____________________ __________________________ ____________________ Covered-employee payroll . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,512,778 $ 3,420,296 $1,111,744 $ 1,102,396 Employer’s net pension liability as a percentage of covered-employee payroll . . . . . . . . . . . . . . . . . . . . . 356.20% 345.89% 622.66% 591.61% ____________________ ____________________ __________________________ ____________________ ____________________ ____________________ __________________________ ____________________
B. Schedule of the City’s Proportionate Share of the Net Pension Liabilities of Cost-Sharing Multiple-Employer Pension Plans at June 30,
NYCERS TRS BERS _______________________________________________ ________________________________________________ ______________________________________________ 2015 2014 2015 2014 2015 2014 ____________________ _________________ ____________________ _________________ ____________________ _________________ (in millions, except %)
City’s proportion of the net pension liability . . . . . . . . . . . . . . . 55.55% 55.54% 97.27% 97.28% 99.99% 99.99%
City’s proportionate share of the net pension liability . . . . . . . . . . . . . . . $11,244.3 $10,008.2 $20,219.3 $17,331.1 $ 1,100.3 $ 906.5
City’s covered-employee payroll . . . . $ 6,500.5 $ 6,506.4 $ 7,869.8 $ 7,772.8 $ 1,016.3 $ 988.8 City’s proportionate share of the net
pension liability as a percentage of its covered-employee payroll . . . 172.98% 153.83% 256.92% 222.97% 108.27% 91.68%
Plan fiduciary net position as a percentage of the total pension liability . . . . . . . . . . . . . . . . . . . . . 73.13% 75.32% 68.04% 71.79% 75.33% 78.60%
130
REQUIRED SUPPLEMENTARY INFORMATION (Unaudited) , Continued
131
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___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C ov
er ed
-e m
pl oy
ee p
ay ro
ll .
. . .
. . .
.
7 ,8
69 ,7
74
7,
77 2,
82 7
7,
68 3,
46 5
7,
92 0,
93 5
7,
93 5,
24 8
7,
85 9,
99 9
7,
22 1,
49 9
6,
99 8,
17 4
6,
28 5,
20 3
6,
18 3,
30 4
C
on tr ib
ut io
ns a
s a
pe rc
en ta
ge o
f
co ve
re d-
em pl
oy ee
p ay
ro ll .
. . .
. . .
4
0. 41
9%
3
7. 53
0%
3
6. 15
5%
3
3. 74
7%
3
1. 11
4%
3
1. 60
4%
3
0. 79
2%
2
7. 38
6%
2
5. 47
1%
2
1. 29
3% B E R S
C
on tr ac
tu al
ly r eq
ui re
d co
nt ri bu
ti on
. .
$ 25
8, 05
5
$ 21
4, 57
4
$ 19
6, 23
1
$ 21
3, 65
1
$ 18
0, 19
1
$ 14
7, 34
9
$ 13
4, 22
5
$ 14
3, 10
0
$ 12
9, 82
0
$
90 ,8
39
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C on
tr ib
ut io
ns i n
re la
ti on
t o
th e
co
nt ra
ct ua
ll y
re qu
ir ed
co nt
ri bu
ti on
. . .
. . .
. . .
. . .
. . .
. . .
25
8, 05
5
21 4,
57 4
19 6,
23 1
21 3,
65 1
18 0,
19 1
14 7,
34 9
13 4,
22 5
14 3,
10 0
12 9,
82 0
9 0,
83 9
___
___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C on
tr ib
ut io
n de
fi ci
en cy
( ex
ce ss
) . .
. .
$ —
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
___
___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C ov
er ed
-e m
pl oy
ee p
ay ro
ll .
. . .
. . .
.
1 ,0
16 ,2
77
98 8,
75 7
88 5,
49 1
87 9,
47 6
88 0,
65 6
82 6,
78 2
75 5,
51 6
72 9,
09 8
69 6,
42 1
60 8,
59 6
C
on tr ib
ut io
ns a
s a
pe rc
en ta
ge o
f
co ve
re d-
em pl
oy ee
p ay
ro ll .
. . .
. . .
2
5. 39
2%
2
1. 70
1%
2
2. 16
1%
2
4. 29
3%
2
0. 46
1%
1
7. 82
2%
1
7. 76
6%
1
9. 62
7%
1
8. 64
1%
1
4. 92
6% P O L IC E
C
on tr ac
tu al
ly r eq
ui re
d co
nt ri bu
ti on
. .
$2 ,3
09 ,6
19
$ 2,
32 0,
91 0
$ 2,
42 4,
69 0
$ 2,
38 5,
73 1
$ 2,
08 3,
63 3
$ 1,
98 0,
99 6
$ 1,
93 2,
15 0
$ 1,
79 7,
82 4
$ 1,
54 4,
34 1
$ 1,
33 7,
71 5
___
___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C on
tr ib
ut io
ns i n
re la
ti on
t o
th e
co
nt ra
ct ua
ll y
re qu
ir ed
co
nt ri bu
ti on
. . .
. . .
. . .
. . .
. . .
. . .
2, 30
9, 61
9
2,
32 0,
91 0
2,
42 4,
69 0
2,
38 5,
73 1
2,
08 3,
63 3
1,
98 0,
99 6
1,
93 2,
15 0
1,
79 7,
82 4
1,
54 4,
34 1
1,
33 7,
71 5
___
___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C on
tr ib
ut io
n de
fi ci
en cy
( ex
ce ss
) . .
. .
$ —
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
___
___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C ov
er ed
-e m
pl oy
ee p
ay ro
ll .
. . .
. . .
.
3 ,5
12 ,7
78
3,
42 0,
31 2
3,
45 9,
88 9
3,
44 8,
78 4
3,
25 2,
72 9
3,
09 7,
48 4
2,
94 6,
69 8
2,
79 7,
42 9
2,
78 8,
32 4
2,
75 0,
63 2
C
on tr ib
ut io
ns a
s a
pe rc
en ta
ge o
f
co ve
re d-
em pl
oy ee
p ay
ro ll .
. . .
. . .
6
5. 74
9%
6
7. 85
7%
7
0. 08
0%
6
9. 17
6%
6
4. 05
8%
6
3. 95
5%
6
5. 57
0%
6
4. 26
7%
5
5. 38
6%
4
8. 63
3% F IR E
C
on tr ac
tu al
ly r eq
ui re
d co
nt ri bu
ti on
. .
$ 98
8, 78
4
$ 96
9, 95
6
$ 96
2, 17
3
$ 97
6, 89
5
$ 89
0, 70
6
$ 87
4, 33
1
$ 84
3, 75
1
$ 78
0, 20
2
$ 68
3, 19
3
$ 60
8, 77
1
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C on
tr ib
ut io
ns i n
re la
ti on
t o
th e
co
nt ra
ct ua
ll y
re qu
ir ed
co
nt ri bu
ti on
. . .
. . .
. . .
. . .
. . .
. . .
98
8, 78
4
96 9,
95 6
96 2,
17 3
97 6,
89 5
89 0,
70 6
87 4,
33 1
84 3,
75 1
78 0,
20 2
68 3,
19 3
60 8,
77 1
___
___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C on
tr ib
ut io
n de
fi ci
en cy
( ex
ce ss
) . .
. .
$ —
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
___
___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
___ ___ ___
___ ___
_
C ov
er ed
-e m
pl oy
ee p
ay ro
ll .
. . .
. . .
.
1 ,1
11 ,7
44
1,
10 2,
39 6
1,
12 9,
92 1
1,
14 9,
42 3
1,
05 7,
24 3
1,
05 9,
91 1
1,
01 3,
66 1
94 4,
46 3
91 6,
58 2
87 2,
49 0
C
on tr ib
ut io
ns a
s a
pe rc
en ta
ge o
f
co ve
re d-
em pl
oy ee
p ay
ro ll .
. . .
. . .
8
8. 94
0%
8
7. 98
6%
8
5. 15
4%
8
4. 99
0%
8
4. 24
8%
8
2. 49
1%
8
3. 23
8%
8
2. 60
8%
7
4. 53
7%
6
9. 77
4%
* F or
C it y
F is ca
l Y ea
rs 2
01 2,
2 01
1, 2
01 0,
2 00
9, 2
00 8,
2 00
7 an
d 20
06 r ep
or te
d co
nt ri bu
ti on
s an
d co
ve re
d pa
yr ol
l a m
ou nt
s ar
e th
os e of
e ac
h re
ti re
m en
t s ys
te m
a s a w
ho le
( i.e
., th
e su
m s fo
r al
l p ar
ti ci
pa ti ng
e m
pl oy
er s. ) C it y-
on ly
co ve
re d
pa yr
ol l i
s no
t r ea
di ly
a va
il ab
le f or
y ea
rs p
ri or
to 2
01 3;
a nd
d ue
to m
et ho
do lo
gi ca
l c ha
ng es
d ur
in g
th e pe
ri od
s 20
05 th
ro ug
h 20
12 , t
he C
it y-
on ly
e m
pl oy
er c on
tr ib
ut io
ns a re
n ot
c om
pa ra
bl e ov
er th
e te
n ye
ar p
er io
d.
T he
a bo
ve a
ct ua
ri al
ly d
et er
m in
ed a
nd c
on tr ac
tu al
ly r eq
ui re
d co
nt ri bu
ti on
s w
er e
de ve
lo pe
d us
in g
a O
ne -Y
ea r L ag
M et
ho do
lo gy
, u nd
er w
hi ch
t he
a ct
ua ri al
v al
ua ti on
d et
er m
in es
th e
em pl
oy er
c on
tr ib
ut io
n fo
r th
e se
co nd
f ol
lo w
in g
fi sc
al y
ea r (e
.g . F
is ca
l Y ea
r 20
15 c
on tr ib
ut io
ns w
er e
de te
rm in
ed u
si ng
a n
ac tu
ar ia
l va
lu at
io n
as o
f Ju
ne 3
0, 2
01 3)
. T he
m et
ho ds
a nd
a ss
um pt
io ns
u se
d to
d et
er m
in e
th e
ac tu
ar ia
ll y
de te
rm in
ed a
nd c
on tr ac
tu al
ly r eq
ui re
d co
nt ri bu
ti on
s ar
e as
f ol
lo w
s:
F is ca l Y ea r
2 01 5 20 14 20 13 2 01 2 2 01 1
___ ___ __ __ __ _
__ ___ ___ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
V al
ua ti on
D at
es .
. . .
. . .
. . .
. . .
. . .
. . .
J un
e 30
, 2 01
3 (L
ag )
J
un e
30 , 2
01 2
(L ag
)
J
un e
30 , 2
01 1
(L ag
)
J un
e 30
, 2 01
0 (L
ag )
J
un e
30 , 2
00 9
(L ag
) A
ct ua
ri al
c os
t m
et ho
d .
. . .
. . .
. . .
. . .
.
E nt
ry A
ge 5
E nt
ry A
ge 5
E nt
ry A
ge 5
E nt
ry A
ge 5
F
ro ze
n In
it ia
l L ia
bi li ty
1
A m
or ti za
ti on
m et
ho d
fo r U
nf un
de d
A
ct ua
ri al
A cc
ru ed
L ia
bi li ti es
( U
A A
L ):
P
re -2
01 0
U A
A L s
. . .
. . .
. . .
. . .
. . .
N
A
N A
N
A
N A
N
A
I ni
ti al
2 01
0 U
A A
L .
. . .
. . .
. . .
. . .
. I
nc re
as in
g D
ol la
r P ay
m en
ts .
I nc
re as
in g
D ol
la r P ay
m en
ts .
In
cr ea
si ng
D ol
la r P ay
m en
ts .
In
cr ea
si ng
D ol
la r P ay
m en
ts .
N
A
P os
t- 20
10 U
A A
L s
. . .
. . .
. . .
. . .
. . .
L ev
el D
ol la
r P ay
m en
ts .
L ev
el D
ol la
r P ay
m en
ts .
L
ev el
D ol
la r P ay
m en
ts .
L ev
el D
ol la
r P ay
m en
ts .
N
A R
em ai
ni ng
a m
or ti za
ti on
p er
io d:
P
re -2
01 0
U A
A L s
. . .
. . .
. . .
. . .
. . .
N
A
N A
N
A
N A
N
A
I ni
ti al
2 01
0 U
A A
L .
. . .
. . .
. . .
. . .
.
1 9 Y ea
rs ( C
lo se
d) .
2 0 Y ea
rs ( C
lo se
d) .
2
1 ye
ar s (C
lo se
d) .
2 2
ye ar
s (C
lo se
d) .
N A
2
01 0
E R
I . .
. . .
. . .
. . .
. . .
. . .
. . .
. .
3
Y ea
rs ( C
lo se
d) .
4
Y ea
rs ( C
lo se
d) .
5 Y ea
rs ( C
lo se
d) .
N A
N
A
2 01
1 (G
)/ L
. . .
. . .
. . .
. . .
. . .
. . .
. .
1
3 Y ea
rs ( C
lo se
d) .
1 4 Y ea
rs ( C
lo se
d) .
1
5 Y ea
rs ( C
lo se
d) .
N A
N
A
2 01
2 (G
)/ L
. . .
. . .
. . .
. . .
. . .
. . .
. .
1
4 Y ea
rs ( C
lo se
d) .
1 5 Y ea
rs ( C
lo se
d) .
N A
N
A
N A
2
01 3
(G )/ L
. . .
. . .
. . .
. . .
. . .
. . .
. .
1
5 Y ea
rs ( C
lo se
d) .
N A
N
A
N A
N
A
T ra
ns it R
ef un
ds .
. . .
. . .
. . .
. . .
. . .
.
5 Y
ea rs
( C
lo se
d) .
N
A
N A
N
A
N A
A ct
ua ri al
A ss
et V
al ua
ti on
( A
A V
) M
et ho
d
M od
if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
av er
ag e
of M
ar ke
t V al
ue
av
er ag
e of
M ar
ke t V
al ue
a ve
ra ge
o f M
ar ke
t V al
ue
a ve
ra ge
o f M
ar ke
t V al
ue
a
ve ra
ge o
f M
ar ke
t V al
ue
w
it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
as
o f Ju
ne 3
0, 2
01 16
.
a
s of
J un
e 30
, 2 01
16 .
as o
f Ju
ne 3
0, 2
01 16
.
as
o f Ju
ne 3
0, 2
01 16
.
a
s of
J un
e 30
, 1 99
9.
A ct
ua ri al
a ss
um pt
io ns
:
A ss
um ed
r at
e of
r et
ur n
. . .
. . .
. . .
7 .0
% p
er a
nn um
, n et
o f
7 .0
% p
er a
nn um
, n et
o f
7 .0
% p
er a
nn um
, n et
o f
7 .0
% p
er a
nn um
, n et
o f
8. 0%
p er
a nn
um , g
ro ss
o f
i nv
es tm
en t ex
pe ns
es ( 4.
0%
i
nv es
tm en
t ex
pe ns
es ( 4.
0%
i nv
es tm
en t ex
pe ns
es ( 4.
0%
i nv
es tm
en t ex
pe ns
es ( 4.
0%
i nv
es tm
en t ex
pe ns
es ( 4.
0%
p er
a nn
um f or
b en
ef it s pa
ya bl
e
pe r an
nu m
f or
b en
ef it s pa
ya bl
e
p
er a
nn um
f or
b en
ef it s pa
ya bl
e
p
er a
nn um
f or
b en
ef it s pa
ya bl
e
p
er a
nn um
f or
b en
ef it s pa
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e
u nd
er t he
v ar
ia bl
e an
nu it y
u
nd er
t he
v ar
ia bl
e an
nu it y
u
nd er
t he
v ar
ia bl
e an
nu it y
un
de r th
e va
ri ab
le a
nn ui
ty
un de
r th
e va
ri ab
le a
nn ui
ty
p ro
gr am
s of
T R
S a
nd B
E R
S ).
p
ro gr
am s of
T R
S a
nd B
E R
S ).
p ro
gr am
s of
T R
S a
nd B
E R
S ).
p
ro gr
am s of
T R
S a
nd B
E R
S ).
p ro
gr am
s of
T R
S a
nd B
E R
S ).
P
os t- re
ti re
m en
t m
or ta
li ty
. . .
. . .
. . .
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
F is
ca l Y
ea r 20
12 .
F is
ca l Y
ea r 20
12 .
F is
ca l Y
ea r 20
12 .
F
is ca
l Y ea
r 20
12 .
F is
ca l Y
ea r 20
06 .
A
ct iv
e se
rv ic
e: w
it hd
ra w
al , d
ea th
,
d is
ab il it y,
s er
vi ce
r et
ir em
en t
. . .
. . .
.
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
B oa
rd s of
T ru
st ee
s du
ri ng
F is
ca l Y
ea r 20
12 .
F is
ca l Y
ea r 20
12 .
F is
ca l Y
ea r 20
12 .
F
is ca
l Y ea
r 20
12 .
F is
ca l Y
ea r 20
06 .
S al
ar y
in cr
ea se
s .
. . .
. . .
. . .
. . .
. . .
. . .
In g
en er
al , M
er it a
nd P
ro m
ot io
n
In
g en
er al
, M er
it a
nd P
ro m
ot io
n
In
g en
er al
, M er
it a
nd P
ro m
ot io
n
I n
ge ne
ra l, M
er it a
nd P
ro m
ot io
n
In
g en
er al
, M er
it a
nd P
ro m
ot io
n
I nc
re as
es p
lu s as
su m
ed G
en er
al
I
nc re
as es
p lu
s as
su m
ed G
en er
al
I
nc re
as es
p lu
s as
su m
ed G
en er
al
I nc
re as
es p
lu s as
su m
ed G
en er
al
I
nc re
as es
p lu
s as
su m
ed G
en er
al
W
ag e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
C os
t- of
-L iv
in g
A dj
us tm
en ts
4 . .
. . .
. . .
. 1.
5% p
er a
nn um
f or
A ut
o C
ol a.
1.
5% p
er a
nn um
f or
A ut
o C
ol a.
1 .5
% p
er a
nn um
f or
A ut
o C
ol a.
1 .5
% p
er a
nn um
f or
A ut
o C
ol a.
1 .3
% p
er a
nn um
4
2 .5
% p
er a
nn um
f or
E sc
al at
io n.
2 .5
% p
er a
nn um
f or
E sc
al at
io n.
2 .5
% p
er a
nn um
f or
E sc
al at
io n.
2 .5
% p
er a
nn um
f or
E sc
al at
io n.
132
R E Q
U IR
E D
S U
P P L E M
E N
T A
R Y
I N
F O
R M
A T IO
N ( U
na ud
it ed
) , C
on ti nu
ed
N ot es t o S ch ed u le C :
133
F is ca l Y ea r
2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
__ __ __ __ __ _
__ ___ ___ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
V al
ua ti on
D at
es .
. . .
. . .
. . .
. . .
. . .
. . .
J un
e 30
, 2 00
8 (L
ag )
J
un e
30 , 2
00 7
(L ag
)
J
un e
30 , 2
00 6
(L ag
)
J
un e
30 , 2
00 5(
L ag
)
J
un e
30 , 2
00 4
(L ag
) A
ct ua
ri al
c os
t m
et ho
d .
. . .
. . .
. . .
. . .
.
F ro
ze n
In it ia
l L ia
bi li ty
1
F ro
ze n
In it ia
l L ia
bi li ty
1
F ro
ze n
In it ia
l L ia
bi li ty
1
F
ro ze
n In
it ia
l L ia
bi li ty
1
F ro
ze n
In it ia
l L ia
bi li ty
1
A m
or ti za
ti on
m et
ho d
fo r U
nf un
de d
A
ct ua
ri al
A cc
ru ed
L ia
bi li ti es
( U
A A
L ):
P
re -2
01 0
U A
A L s
. . .
. . .
. . .
. . .
. . .
I nc
re as
in g
do ll ar
f or
F IR
E 2
I nc
re as
in g
do ll ar
f or
F IR
E 2
In cr
ea si
ng d
ol la
r fo
r F IR
E 2
In cr
ea si
ng d
ol la
r fo
r F IR
E 2
In cr
ea si
ng d
ol la
r fo
r F IR
E 2 .
A
ll o
ut st
an di
ng c
om po
ne nt
s
A
ll o
ut st
an di
ng c
om po
ne nt
s
L ev
el d
ol la
r fo
r U
A A
L
L
ev el
d ol
la r fo
r U
A A
L
L
ev el
d ol
la r fo
r U
A A
L
o f U
A A
L a
re b
ei ng
a m
or ti ze
d
o f U
A A
L a
re b
ei ng
a m
or ti ze
d
at tr ib
ut ab
le t o
N Y
C E R
S , T
R S
a tt ri bu
ta bl
e to
N Y
C E R
S , T
R S
a tt ri bu
ta bl
e to
N Y
C E R
S 2
00 0
o
ve r cl
os ed
p er
io ds
.
o
ve r cl
os ed
p er
io ds
.
a
nd B
E R
S 2
00 2
E R
I
an
d B
E R
S 2
00 2
E R
I
E
ar ly
R et
ir em
en t In
ce nt
iv e
(P ar
t A o
nl y)
.3 A
ll o
ut st
an di
ng
( P ar
t A o
nl y)
.3 A
ll o
ut st
an di
ng
(E
R I) ; B
E R
S , N
Y C
E R
S a
nd
c
om po
ne nt
s of
U A
A L a
re b
ei ng
c om
po ne
nt s of
U A
A L a
re b
ei ng
T
R S 2
00 2
E R
I (P
ar t A
o nl
y) .3
am or
ti ze
d ov
er c
lo se
d pe
ri od
s.
am or
ti ze
d ov
er c
lo se
d pe
ri od
s.
A ll o
ut st
an di
ng c
om po
ne nt
s
o f U
A A
L a
re b
ei ng
a m
or ti ze
d
ov
er c
lo se
d pe
ri od
s.
I ni
ti al
2 01
0 U
A A
L .
. . .
. . .
. . .
. . .
.
N A
N
A
N A
N
A
N A
P
os t- 20
10 U
A A
L s
. . .
. . .
. . .
. . .
. . .
N
A
N A
N
A
N A
N
A R
em ai
ni ng
a m
or ti za
ti on
p er
io d:
P
re -2
01 0
U A
A L s
. . .
. . .
. . .
. . .
. . .
1 ye
ar f or
F IR
E 2 .
2
y ea
rs f or
F IR
E 2 .
3
ye ar
s fo
r F IR
E 2 ,
4
y ea
rs f or
F IR
E 2 ,
5
ye ar
s fo
r F IR
E 2 ,
a
nd 1
y ea
r fo
r 20
02 E
R I
an
d 2
ye ar
s fo
r 20
02 E
R I
1
ye ar
f or
2 00
0 E R
I,
( P ar
t A O
nl y)
.
( P ar
t A O
nl y)
.
a
nd 3
y ea
rs f or
2 00
2 E R
I
( P ar
t A o
nl y)
.
I ni
ti al
2 01
0 U
A A
L .
. . .
. . .
. . .
. . .
.
N A
N
A
N A
N
A
N A
2
01 0
E R
I . .
. . .
. . .
. . .
. . .
. . .
. . .
. .
N
A
N A
N
A
N A
N
A
2 01
1 (G
)/ L
. . .
. . .
. . .
. . .
. . .
. . .
. .
N
A
N A
N
A
N A
N
A
2 01
2 (G
)/ L
. . .
. . .
. . .
. . .
. . .
. . .
. .
N
A
N A
N
A
N A
N
A
2 01
3 (G
)/ L
. . .
. . .
. . .
. . .
. . .
. . .
. .
N
A
N A
N
A
N A
N
A
T ra
ns it R
ef un
ds .
. . .
. . .
. . .
. . .
. . .
.
N A
N
A
N A
N
A
N A
A ct
ua ri al
A ss
et V
al ua
ti on
(A A V
) M
et ho
d
M
od if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
M od
if ie
d 6-
ye ar
m ov
in g
av er
ag e
of M
ar ke
t V al
ue
av
er ag
e of
M ar
ke t V
al ue
a ve
ra ge
o f M
ar ke
t V al
ue
a ve
ra ge
o f M
ar ke
t V al
ue
a
ve ra
ge o
f M
ar ke
t V al
ue
w
it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
w it h
“M ar
ke t V
al ue
R es
ta rt ”
a
s of
J un
e 30
, 1 99
9.
as o
f Ju
ne 3
0, 1
99 9.
as
o f Ju
ne 3
0, 1
99 9.
a s of
J un
e 30
, 1 99
9.
as o
f Ju
ne 3
0, 1
99 9.
A ct
ua ri al
a ss
um pt
io ns
:
A ss
um ed
r at
e of
r et
ur n
. . .
. . .
. . .
. .
8
.0 %
p er
a nn
um 4
8
.0 %
p er
a nn
um 4
8
.0 %
p er
a nn
um 4
8.
0% p
er a
nn um
4
8
.0 %
p er
a nn
um 4
(4
.0 %
p er
a nn
um f or
( 4.
0% p
er a
nn um
f or
( 4.
0% p
er a
nn um
f or
( 4.
0% p
er a
nn um
f or
( 4.
0% p
er a
nn um
f or
b
en ef
it s pa
ya bl
e un
de r th
e
b en
ef it s pa
ya bl
e un
de r th
e
b en
ef it s pa
ya bl
e un
de r th
e
be ne
fi ts
p ay
ab le
u nd
er t he
b
en ef
it s pa
ya bl
e un
de r th
e
v ar
ia bl
e an
nu it y
pr og
ra m
s
v ar
ia bl
e an
nu it y
pr og
ra m
s
v ar
ia bl
e an
nu it y
pr og
ra m
s
va ri ab
le a
nn ui
ty p
ro gr
am s
v
ar ia
bl e
an nu
it y
pr og
ra m
s
o f T R
S a
nd B
E R
S ).
of
T R
S a
nd B
E R
S ).
of T
R S a
nd B
E R
S ).
o f T R
S a
nd B
E R
S ).
of T
R S a
nd B
E R
S ).
P os
t re
ti re
m en
t m
or al
it y
. . .
. . .
. . .
. . .
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
d
ur in
g F is
ca l Y
ea r 20
06 .
d
ur in
g F is
ca l Y
ea r 20
06 .
du
ri ng
F is
ca l Y
ea r 20
06 ..
d
ur in
g F is
ca l Y
ea r 20
06 .
d
ur in
g F is
ca l Y
ea r 20
06 .
A ct
iv e
se rv
ic e:
w it hd
ra w
al , d
ea th
, di
sa bi
li ty
, s er
vi ce
r et
ir em
en t .
. . .
. . .
. .
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
T ab
le s ad
op te
d by
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
B oa
rd s of
T ru
st ee
s
d
ur in
g F is
ca l Y
ea r 20
06 .
d
ur in
g F is
ca l Y
ea r 20
06 .
d
ur in
g F is
ca l Y
ea r 20
06 .
du
ri ng
F is
ca l Y
ea r 20
06 .
d
ur in
g F is
ca l Y
ea r 20
06 .
R E Q
U IR
E D
S U
P P L E M
E N
T A
R Y
I N
F O
R M
A T IO
N ( U
na ud
it ed
) , C
on ti nu
ed
N ot es t o S ch ed u le C :
134
F is ca l Y ea r
2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
__ __ __ __ __ _
__ ___ ___ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
S al
ar y
In cr
ea se
s . .
. . .
. . .
. . .
. . .
. . .
. .I
n ge
ne ra
l, M
er it a
nd P
ro m
ot io
n
In
g en
er al
, M er
it a
nd P
ro m
ot io
n
In
g en
er al
, M er
it a
nd P
ro m
ot io
n
I n
ge ne
ra l, M
er it a
nd P
ro m
ot io
n
In
g en
er al
, M er
it a
nd P
ro m
ot io
n
I
nc re
as es
p lu
s as
su m
ed G
en er
al
I nc
re as
es p
lu s as
su m
ed G
en er
al
I
nc re
as es
p lu
s as
su m
ed G
en er
al
I nc
re as
es p
lu s as
su m
ed G
en er
al
I
nc re
as es
p lu
s as
su m
ed G
en er
al
W
ag e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
W ag
e In
cr ea
se s of
3 .0
% p
er y
ea r.4
C os
t- of
-L iv
in g
A dj
us tm
en ts
2 .
. . .
. . .
. .
1.
3% p
er a
nn um
4
1
.3 %
p er
a nn
um 4
1
.3 %
p er
a nn
um 4
1.
3% p
er a
nn um
4
1
.3 %
p er
a nn
um 4
1 U
n d er
t h e
F ro
ze n I n it ia
l L ia
b il it y A
ct u ar
ia l C
o st
M et
h o d , th
e ex
ce ss
o f th
e A
ct u ar
ia l P re
se n t V
al u e
(A P V
) o f p ro
je ct
ed b
en ef
it s o f th
e m
em b er
sh ip
a s o f th
e va
lu at
io n d
at e,
o ve
r th
e su
m o
f th
e A
ct u ar
ia l V
al u e
o f
A ss
et s
p lu
s th
e U
A A
L , if a
ny , an
d t h e
A P V
o f fu
tu re
e m
p lo
y ee
c o n tr ib
u ti o n s
is a
ll o ca
te d o
n a
l ev
el b
as is
o ve
r th
e fu
tu re
e ar
n in
g s
o f m
em b er
s w
h o a
re o
n t h e
p ay
ro ll o
f th
e va
lu at
io n d
at e.
T h e
In it ia
l L ia
b il it y
w as
r ee
st ab
li sh
ed b
y t h e
E n tr y A
g e A
ct u ar
ia l C
o st
M et
h o d a
s o f Ju
n e
2 0 , 1 9 9 9 b
u t w
it h t h e
U A
A L n
o t le
ss t h an
$ 0 . A
ct u ar
ia l g ai
n s an
d l o ss
es a
re r ef
le ct
ed i n t h e
em p lo
y er
n o rm
al c
o n tr ib
u ti o n r at
e. 2 In
c o n ju
n ct
io n w
it h C
h ap
te r 8 5 o
f th
e L aw
s o f 2 0 0 0 ( C
h ap
te r 8 5 /1
0 0 ), t h er
e is
a n a
m o rt iz
at io
n m
et h o d . H
ow ev
er , t
h e
in it ia
l p re
-2 0 1 0 U
A A
L o
f N
Y C
E R
S , T
R S , B
E R
S , a
n d P
O L IC
E e
q u al
$ 0 a
n d n
o a
m o rt iz
at io
n p er
io d s ar
e re
q u ir ed
. 3 L aw
s o f es
ta b li sh
ed U
A A
L f o r E ar
ly R
et ir em
en t In
ve n ti ve
P ro
g ra
m s to
b e
am o rt iz
ed o
n a
l ev
el d
o ll ar
b as
is o
ve r p er
io d s o f 5 y
ea rs
. 4 D
ev el
o p ed
a ss
u m
in g a
l o n g -t er
m C
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D. Schedule of Funding Progress for the New York City Other Postemployment Benefits Plan
The schedule of funding progress presents GASB No. 45 results of OPEB valuations as of Fiscal Years ended June 30, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, and 2007. The schedule provides a nine year information trend about whether the actuarial values of plan assets are increasing or decreasing over time relative to the actuarial accrued liabilities for benefits.
(1) (2) (3) (4) (5) (6) Actuarial UAAL as a Actuarial Actuarial Accrued Unfunded Percentage of Valuation Value of Liability AAL Funded Covered Covered Date Assets (AAL) (UAAL) Ratio Payroll Payroll ______________ __________ ____________ ____________ ________ ____________ ____________ (2)-(1) (1)÷(2) (3)÷(5) (in thousands, except %)
6/30/14 $2,378,144 $70,381,602 $68,003,458 3.4% $20,712,782 328.3%
6/30/13 1,363,073 71,338,386 69,975,313 1.9 20,252,631 345.5
6/30/12 2,115,846 71,417,253 69,301,407 3.0 20,262,853 342.0
6/30/11* 2,631,584 85,971,494 83,339,910 3.1 19,912,761 418.5
6/30/10* 3,022,624 82,063,852 79,041,228 3.7 19,731,127 400.6
6/30/09* 3,103,186 73,674,157 70,570,971 4.2 19,469,182 362.5
6/30/08* 3,186,139 65,164,503 61,978,364 4.9 18,721,681 331.1
6/30/07* 2,594,452 62,135,453 59,541,001 4.2 17,355,874 343.1
6/30/06* 1,001,332 56,077,151 55,075,819 1.8 16,546,829 332.8
___________
* Based on the Frozen Entry Age Actuarial Cost Method.
135
REQUIRED SUPPLEMENTARY INFORMATION (Unaudited) , Continued
[This page intentionally left blank]
The City of New York
Comprehensive Annual Financial Report
of the Comptroller
SUPPLEMENTARY INFORMATION
COMBINING FINANCIAL INFORMATION — GOVERNMENTAL FUNDS
Part II-C
Fiscal Year Ended June 30, 2015
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
Total Nonmajor Nonmajor Capital Nonmajor Debt Nonmajor Special Governmental Projects Funds Service Funds Revenue Funds Funds __________ _________ __________ _________ ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 106,251 $ 4 $ 61,871 $ 168,126 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,668,002 422 1,668,424 Accounts receivable: Taxes other than real estate . . . . . . . . . . . . . . . . . . . . . — 610,735 — 610,735 Tobacco settlement revenues . . . . . . . . . . . . . . . . . . . . — 27,676 46,324 74,000 Other receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 330,868 330,868 Restricted cash and investments . . . . . . . . . . . . . . . . . . . 1,334,424 1,915,138 15,029 3,264,591 Due from other funds . . . . . . . . . . . . . . . . . . . . . . . . . . . 540,696 255 6 540,957 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 227,335 191,598 981 419,914 __________________ __________________ _______________ __________________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,208,706 $4,413,408 $455,501 $7,077,615 __________________ __________________ _______________ __________________ __________________ __________________ _______________ __________________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . $ 763,868 $ 729 $ 11,951 $ 776,548 Unearned revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 3,070 3,070 Due to other funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 993,406 107,735 191 1,101,332 __________________ __________________ _______________ __________________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,757,274 108,464 15,212 1,880,950 __________________ __________________ _______________ __________________ DEFERRED INFLOWS OF RESOURCES: Personal income tax revenue . . . . . . . . . . . . . . . . . . . . . . — 503,000 — 503,000 Other deferred inflows of resources . . . . . . . . . . . . . . . . — 30,167 285,312 315,479 __________________ __________________ _______________ __________________ Total deferred inflows of resources . . . . . . . . . . . . . . . — 533,167 285,312 818,479 __________________ __________________ _______________ __________________ FUND BALANCES: Nonspendable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 619 619 Spendable: Restricted Nonmajor Capital Project Fund . . . . . . . . . . . . . . . . 451,432 — — 451,432 Nonmajor Debt Service Fund . . . . . . . . . . . . . . . . . — 2,103,811 — 2,103,811 Assigned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,667,966 15,347 1,683,313 Unassigned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 139,011 139,011 __________________ __________________ _______________ __________________ Total fund balances . . . . . . . . . . . . . . . . . . . . . . . . . 451,432 3,771,777 154,977 4,378,186 __________________ __________________ _______________ __________________ Total liabilities, deferred inflows of resources and fund balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,208,706 $4,413,408 $455,501 $7,077,615 __________________ __________________ _______________ __________________ __________________ __________________ _______________ __________________
140
THE CITY OF NEW YORK NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2015 (in thousands)
Total Nonmajor Nonmajor Capital Nonmajor Debt Nonmajor Special Governmental Projects Funds Service Funds Revenue Funds Funds __________ _________ _________ _________ ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 74,165 $ — $ 48,736 $ 122,901 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 1,362,390 460 1,362,881 Accounts receivable: Taxes other than real estate . . . . . . . . . . . . . . . . . . . . . — 286,641 — 286,641 Tobacco settlement revenues . . . . . . . . . . . . . . . . . . . . — 28,050 46,950 75,000 Other receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 365,090 365,090 Restricted cash and investments . . . . . . . . . . . . . . . . . . . 1,544,210 1,683,357 13,046 3,240,613 Due from other funds . . . . . . . . . . . . . . . . . . . . . . . . . . . 306,164 255 2 306,421 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170,973 261,513 966 433,452 ___________________ ___________________ ________________ ___________________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,095,543 $ 3,622,206 $ 475,250 $ 6,192,999 ___________________ ___________________ ________________ ___________________ ___________________ ___________________ ________________ ___________________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . $ 576,049 $ 474 $ 9,799 $ 586,322 Unearned revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 493 493 Due to other funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,336 48,641 — 152,977 ___________________ ___________________ ________________ ___________________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 680,385 49,115 10,292 739,792 ___________________ ___________________ ________________ ___________________ DEFERRED INFLOWS OF RESOURCES Personal income tax revenue . . . . . . . . . . . . . . . . . . . . . . — 238,000 — 238,000 Other deferred inflows of resources . . . . . . . . . . . . . . . . — 30,000 319,205 349,205 ___________________ ___________________ ________________ ___________________ Total deferred inflows of resources . . . . . . . . . . . . . . . — 268,000 319,205 587,205 ___________________ ___________________ ________________ ___________________ FUND BALANCES: Nonspendable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 611 611 Spendable: Restricted Nonmajor Capital Project Fund . . . . . . . . . . . . . . . . 1,415,158 — — 1,415,158 Nonmajor Debt Service Fund . . . . . . . . . . . . . . . . . — 1,942,821 — 1,942,821 Assigned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,362,270 143,218 1,505,488 Unassigned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,924 1,924 ___________________ ___________________ ________________ ___________________ Total fund balances . . . . . . . . . . . . . . . . . . . . . . . . . 1,415,158 3,305,091 145,753 4,866,002 ___________________ ___________________ ________________ ___________________ Total liabilities, deferred inflows of resources and fund balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,095,543 $ 3,622,206 $ 475,250 $ 6,192,999 ___________________ ___________________ ________________ ___________________ ___________________ ___________________ ________________ ___________________
THE CITY OF NEW YORK NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2014 (in thousands)
141
Total Nonmajor Nonmajor Capital Nonmajor Debt Nonmajor Special Governmental Projects Funds Service Funds Revenue Funds Funds __________ _________ _________ _________ REVENUES: Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,368 $ 5,984 $ 104,508 $ 112,860 Personal income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 530,441 25,763 556,204 Tobacco settlement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 67,313 113,781 181,094 NYS Local Government Assistance Corporation Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 169,625 375 170,000 Tax equivalency payment revenue . . . . . . . . . . . . . . . . . — — 17,609 17,609 Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,678,380 923,638 267,284 3,869,302 ___________________ ___________________ ________________ ___________________ Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,680,748 1,697,001 529,320 4,907,069 ___________________ ___________________ ________________ ___________________ EXPENDITURES: General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128,008 — — 128,008 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,610,157 — — 2,610,157 Administrative and other . . . . . . . . . . . . . . . . . . . . . . . . . 23,358 643,192 264,349 930,899 Debt Service: Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,615,424 — 1,615,424 Redemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 3,681,089 — 3,681,089 ___________________ ___________________ ________________ ___________________ Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . 2,761,523 5,939,705 264,349 8,965,577 ___________________ ___________________ ________________ ___________________ Excess (deficiency) of revenues over expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . (80,775) (4,242,704) 264,971 (4,058,508) ___________________ ___________________ ________________ ___________________ OTHER FINANCING SOURCES (USES): Transfers from (to) General Fund . . . . . . . . . . . . . . . . . . — 2,216,178 (229,956) 1,986,222 Transfers from (to) Nonmajor Capital Projects Funds . . — 1,386 697 2,083 Transfers from (to) Nonmajor Debt Service Funds . . . . (1,386) — (121,955) (123,341) Transfers from (to) Nonmajor Special Revenue Funds . . (697) 121,955 — 121,258 Principal amount of bonds issued . . . . . . . . . . . . . . . . . . 4,390,000 2,035,330 95,479 6,520,809 Bond premium (discount) . . . . . . . . . . . . . . . . . . . . . . . . 494,665 487,841 (12) 982,494 Issuance of refunding debt . . . . . . . . . . . . . . . . . . . . . . . — 785,795 — 785,795 Transfers from (to) Capital Projects Fund . . . . . . . . . . . (5,765,533) — — (5,765,533) Payments to refunded bond escrow holder . . . . . . . . . . . — (939,095) — (939,095) ___________________ ___________________ ________________ ___________________ Total other financing sources (uses) . . . . . . . . . . . . . . (882,951) 4,709,390 (255,747) 3,570,692 ___________________ ___________________ ________________ ___________________ Net change in fund balances . . . . . . . . . . . . . . . . . . . . . . . . (963,726) 466,686 9,224 (487,816) FUND BALANCES AT BEGINNING OF YEAR . . . . . . . . . . . . . . . . 1,415,158 3,305,091 145,753 4,866,002 ___________________ ___________________ ________________ ___________________ FUND BALANCES AT END OF YEAR . . . . . . . . . . . . . . . . . . . . . $ 451,432 $ 3,771,777 $ 154,977 $ 4,378,186 ___________________ ___________________ ________________ ___________________ ___________________ ___________________ ________________ ___________________
142
THE CITY OF NEW YORK NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
Total Nonmajor Nonmajor Capital Nonmajor Debt Nonmajor Special Governmental Projects Funds Service Funds Revenue Funds Funds __________ _________ _________ _________ REVENUES: Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,095 $ 7,472 $ 93,274 $ 102,841 Interest on mortgages, net . . . . . . . . . . . . . . . . . . . . . . . . — 605 — 605 Personal income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,614,682 26,629 1,641,311 Tobacco settlement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 78,684 132,932 211,616 NYS Local Government Assistance Corporation Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 169,636 364 170,000 Tax equivalency payment revenue . . . . . . . . . . . . . . . . . — — 13,087 13,087 Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,215,637 27,073 292,159 2,534,869 ___________________ ___________________ ________________ ___________________ Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,217,732 1,898,152 558,445 4,674,329 ___________________ ___________________ ________________ ___________________ EXPENDITURES: General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191,443 — — 191,443 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,166,172 — — 2,166,172 Administrative and other . . . . . . . . . . . . . . . . . . . . . . . . . 15,246 4,419 289,580 309,245 Debt Service: Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,580,924 — 1,580,924 Redemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,317,351 — 1,317,351 ___________________ ___________________ ________________ ___________________ Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . 2,372,861 2,902,694 289,580 5,565,135 ___________________ ___________________ ________________ ___________________ Excess (deficiency) of revenues over expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . (155,129) (1,004,542) 268,865 (890,806) ___________________ ___________________ ________________ ___________________ OTHER FINANCING SOURCES (USES): Transfers from (to) General Fund . . . . . . . . . . . . . . . . . . — 1,962,671 (244,911) 1,717,760 Transfers from (to) Nonmajor Capital Projects Funds . . — 2,351 1,669 4,020 Transfers from (to) Nonmajor Debt Service Funds . . . . (2,351) — (37,689) (40,040) Transfers from (to) Nonmajor Special Revenue Funds . . (1,669) 37,689 — 36,020 Principal amount of bonds issued . . . . . . . . . . . . . . . . . . 2,805,280 — 91,366 2,896,646 Bond premium (discount) . . . . . . . . . . . . . . . . . . . . . . . . 159,846 46,049 (4) 205,891 Issuance of refunding debt . . . . . . . . . . . . . . . . . . . . . . . — 579,140 — 579,140 Transfers from (to) Capital Projects Fund . . . . . . . . . . . (3,518,579) — — (3,518,579) Transfers from (to) General Debt Service Fund . . . . . . . — 6,220 — 6,220 Payments to refunded bond escrow holder . . . . . . . . . . . — (389,516) — (389,516) Transfers from (to) New York City Tax Lien Trusts . . . . — 72,444 (72,444) — ___________________ ___________________ ________________ ___________________ Total other financing sources (uses) . . . . . . . . . . . . . . (557,473) 2,317,048 (262,013) 1,497,562 ___________________ ___________________ ________________ ___________________ Net change in fund balances . . . . . . . . . . . . . . . . . . . . . . . . (712,602) 1,312,506 6,852 606,756 FUND BALANCES AT BEGINNING OF YEAR . . . . . . . . . . . . . . . . 2,127,760 1,992,585 138,901 4,259,246 ___________________ ___________________ ________________ ___________________ FUND BALANCES AT END OF YEAR . . . . . . . . . . . . . . . . . . . . . $ 1,415,158 $ 3,305,091 $ 145,753 $ 4,866,002 ___________________ ___________________ ________________ ___________________ ___________________ ___________________ ________________ ___________________
THE CITY OF NEW YORK NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
143
144
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 1
T H E C IT Y O F N E W Y O R K
N O N M A JO R C A P IT A L P R O JE C T S F U N D S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 5
(i n th ou sa nd s)
S ch oo l T ra n si ti on al E d u ca ti on al H u d so n Y ar d s H u d so n Y ar d s T ot al
C on st ru ct io n F in an ce C on st ru ct io n D ev el op m en t I n fr as tr u ct u re N on m aj or C ap it al
A u th or it y A u th or it y F u n d C or p or at io n C or p or at io n P ro je ct s F u n d s
__ __ __ __ __ __ __ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . $
10 6, 25 1 $ — $ —
$ — $
— $
10 6, 25 1
R es tr ic te d ca sh a nd i nv es tm en ts
. . . —
1, 05 6, 49 6 9 ,3 30 —
2 68 ,5 98 1 ,3 34 ,4 24
D ue f ro m o th er f un ds . . . . . . . . . . . . 5 40 ,5 78
—
— 1 18
—
5 40 ,6 96
O th er
. . . . . . . . . . . . . . . . . . . . . . . . 2 27 ,3 35
—
— —
—
2 27 ,3 35
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al a ss et s . . . . . . . . . . . . . . . . . . $ 87 4, 16 4 $ 1, 05 6, 49 6 $ 9, 33 0 $
11 8 $
26 8, 59 8 $ 2, 20 8, 70 6
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d
li ab il it ie s . . . . . . . . . . . . . . . . . . . $ 73 6, 46 3 $ 1, 28 1 $
— $
11 8 $
26 ,0 06 $
76 3, 86 8
D ue t o ot he r fu nd s . . . . . . . . . . . . . . —
99 0, 79 4 — —
2, 61 2 9 93 ,4 06
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al l ia bi li ti es
. . . . . . . . . . . . . . . 7 36 ,4 63
99 2, 07 5 — 1 18
2 8, 61 8 1 ,7 57 ,2 74
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
F U N D B A L A N C E S :
S pe nd ab le :
R es tr ic te d
C ap it al P ro je ct s . . . . . . . . . . . . . 13 7, 70 1 6 4, 42 1 9 ,3 30 —
2 39 ,9 80 4 51 ,4 32
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al f un d ba la nc es . . . . . . . . 13 7, 70 1 6 4, 42 1 9 ,3 30 —
2 39 ,9 80 4 51 ,4 32
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al l ia bi li ti es a nd f un d ba la nc es . . . . $ 87 4, 16 4 $ 1, 05 6, 49 6 $ 9, 33 0 $
11 8 $
26 8, 59 8 $ 2, 20 8, 70 6
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
145
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 2
T H E C IT Y O F N E W Y O R K
N O N M A JO R C A P IT A L P R O JE C T S F U N D S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 4
(i n th ou sa nd s)
S ch oo l T ra n si ti on al E d u ca ti on al H u d so n Y ar d s H u d so n Y ar d s T ot al
C on st ru ct io n F in an ce C on st ru ct io n D ev el op m en t I n fr as tr u ct u re N on m aj or C ap it al
A u th or it y A u th or it y F u n d C or p or at io n C or p or at io n P ro je ct s F u n d s
__ __ __ __ __ __ __ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . $
74 ,1 65
$
— $
— $
— $
— $
74 ,1 65
In ve st m en ts . . . . . . . . . . . . . . . . . . . —
—
31 —
—
3 1
R es tr ic te d ca sh a nd i nv es tm en ts
. . . 59 ,9 67
1, 06 8, 00 1 9 ,7 86 —
4 06 ,4 56 1 ,5 44 ,2 10
D ue f ro m o th er f un ds . . . . . . . . . . . . 3 06 ,1 19
—
— 4 5 —
3 06 ,1 64
O th er
. . . . . . . . . . . . . . . . . . . . . . . . 1 70 ,9 73
—
— —
—
1 70 ,9 73
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al a ss et s . . . . . . . . . . . . . . . . . . $
61 1, 22 4 $ 1, 06 8, 00 1 $
9, 81 7 $
45 $
40 6, 45 6 $ 2, 09 5, 54 3
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d
l ia bi li ti es . . . . . . . . . . . . . . . . . . . . $
54 1, 86 4 $
32 6 $
32 0 $
45 $
33 ,4 94 $ 57 6, 04 9
D ue t o ot he r fu nd s . . . . . . . . . . . . . . —
9 9, 69 7 — —
4, 63 9 1 04 ,3 36
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al l ia bi li ti es
. . . . . . . . . . . . . . . 5 41 ,8 64
10 0, 02 3 3 20 4 5 3 8, 13 3 6 80 ,3 85
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
F U N D B A L A N C E S :
S pe nd ab le :
R es tr ic te d
C ap it al P ro je ct s . . . . . . . . . . . . . 6 9, 36 0 96 7, 97 8 9 ,4 97 —
3 68 ,3 23 1 ,4 15 ,1 58
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al f un d ba la nc es . . . . . . . . 6 9, 36 0 96 7, 97 8 9 ,4 97 —
3 68 ,3 23 1 ,4 15 ,1 58
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
T ot al l ia bi li ti es a nd f un d ba la nc es . . . . $
61 1, 22 4 $ 1, 06 8, 00 1 $
9, 81 7 $
45 $
40 6, 45 6 $ 2, 09 5, 54 3
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
_ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __
146
S ch oo l T ra n si ti on al E d u ca ti on al H u d so n Y ar d s H u d so n Y ar d s T ot al
C on st ru ct io n F in an ce C on st ru ct io n D ev el op m en t I n fr as tr u ct u re N on m aj or C ap it al
A u th or it y A u th or it y F u n d C or p or at io n C or p or at io n P ro je ct s F u n d s
__ __ __ __ __ __ __ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __
R E V E N U E S :
In ve st m en t in co m e . . . . . . . . . . . . . . $ — $
1, 27 6 $ 11
$ —
$
1, 08 1 $
2, 36 8
O th er r ev en ue s . . . . . . . . . . . . . . . . . 2, 67 8, 25 6 —
—
1 24
— 2 ,6 78 ,3 80
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
T ot al r ev en ue s . . . . . . . . . . . . . . . . 2, 67 8, 25 6 1 ,2 76
11
1 24
1 ,0 81 2 ,6 80 ,7 48
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
E X P E N D IT U R E S :
G en er al g ov er nm
en t . . . . . . . . . . . . . —
—
—
7 49
12 7, 25 9 1 28 ,0 08
E du ca ti on
. . . . . . . . . . . . . . . . . . . . . 2 ,6 09 ,9 15
—
2 42
—
— 2 ,6 10 ,1 57
A dm
in is tr at iv e an d ot he r . . . . . . . . . —
2 3, 35 8 —
—
— 23 ,3 58
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
T ot al e xp en di tu re s . . . . . . . . . . . . 2 ,6 09 ,9 15
2 3, 35 8 2 42
7 49
12 7, 25 9 2 ,7 61 ,5 23
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
E xc es s (d ef ic ie nc y) o f re ve nu es
ov er e xp en di tu re s . . . . . . . . . 68 ,3 41
( 22 ,0 82 ) ( 23 1) ( 62 5) ( 12 6, 17 8) (8 0, 77 5)
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
P ri nc ip al a m ou nt o f bo nd s is su ed . . . —
4, 39 0, 00 0 —
—
— 4 ,3 90 ,0 00
B on d pr em
iu m . . . . . . . . . . . . . . . . . —
49 4, 66 5 —
—
— 4 94 ,6 65
T ra ns fe rs f ro m ( to ) C ap it al P ro je ct s
F un d . . . . . . . . . . . . . . . . . . . . . . . —
( 5, 76 5, 53 3) —
—
— (5 ,7 65 ,5 33 )
T ra ns fe rs f ro m ( to ) N on m aj or C ap it al
P ro je ct s F un ds
. . . . . . . . . . . . . . . —
—
—
6 25
(6 25 ) —
T ra ns fe rs f ro m ( to ) N on m aj or D eb t
S er vi ce F un ds . . . . . . . . . . . . . . . . —
(5 64 ) —
—
(8 22 ) ( 1, 38 6)
T ra ns fe rs f ro m ( to ) N on m aj or S pe ci al
R ev en ue F un ds . . . . . . . . . . . . . . . —
( 43 ) 6 4 —
(7 18 ) ( 69 7)
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
T ot al o th er f in an ci ng s ou rc es ( us es ) . . —
( 88 1, 47 5) 6 4 6 25
(2 ,1 65 ) ( 88 2, 95 1)
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
N et c ha ng e in f un d ba la nc es . . . . . . . . 6 8, 34 1 ( 90 3, 55 7) ( 16 7) —
( 12 8, 34 3) ( 96 3, 72 6)
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . 6 9, 36 0 96 7, 97 8 9 ,4 97
—
36 8, 32 3 1 ,4 15 ,1 58
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . $ 13 7, 70 1 $ 64 ,4 21
$
9, 33 0 $
— $ 2 39 ,9 80 $
45 1, 43 2
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 3
T H E C IT Y O F N E W Y O R K
N O N M A JO R C A P IT A L P R O JE C T S F U N D S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
147
S ch oo l T ra n si ti on al E d u ca ti on al H u d so n Y ar d s H u d so n Y ar d s T ot al
C on st ru ct io n F in an ce C on st ru ct io n D ev el op m en t I n fr as tr u ct u re N on m aj or C ap it al
A u th or it y A u th or it y F u n d C or p or at io n C or p or at io n P ro je ct s F u n d s
__ __ __ __ __ __ __ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __
R E V E N U E S :
In ve st m en t in co m e . . . . . . . . . . . . . . $
— $
99 6 $
18 $
— $ 1, 08 1 $
2, 09 5
O th er r ev en ue s . . . . . . . . . . . . . . . . . 2, 21 5, 63 7 —
—
—
— 2 ,2 15 ,6 37
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
T ot al r ev en ue s . . . . . . . . . . . . . . . . 2, 21 5, 63 7 9 96
18
—
1 ,0 81 2 ,2 17 ,7 32
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
E X P E N D IT U R E S :
G en er al g ov er nm
en t . . . . . . . . . . . . . —
—
—
6 02
19 0, 84 1 1 91 ,4 43
E du ca ti on
. . . . . . . . . . . . . . . . . . . . . 2 ,1 65 ,6 37
—
5 35
—
— 2 ,1 66 ,1 72
A dm
in is tr at iv e an d ot he r . . . . . . . . . —
1 5, 20 5 41
—
— 15 ,2 46
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
T ot al e xp en di tu re s . . . . . . . . . . . . 2 ,1 65 ,6 37
1 5, 20 5 5 76
6 02
19 0, 84 1 2 ,3 72 ,8 61
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
E xc es s (d ef ic ie nc y) o f re ve nu es
ov er e xp en di tu re s . . . . . . . . . 50 ,0 00
( 14 ,2 09 ) ( 55 8) ( 60 2) ( 18 9, 76 0) ( 15 5, 12 9)
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
P ri nc ip al a m ou nt o f bo nd s is su ed
. . —
2, 80 5, 28 0 —
—
— 2 ,8 05 ,2 80
B on d pr em
iu m . . . . . . . . . . . . . . . . . —
15 9, 84 6 —
—
— 1 59 ,8 46
T ra ns fe rs f ro m ( to ) C ap it al P ro je ct s
F un d . . . . . . . . . . . . . . . . . . . . . . . —
( 3, 51 8, 57 9) —
—
— (3 ,5 18 ,5 79 )
T ra ns fe rs f ro m ( to ) N on m aj or C ap it al
P ro je ct s F un ds
. . . . . . . . . . . . . . . —
—
—
6 02
(6 02 ) —
T ra ns fe rs f ro m ( to ) N on m aj or D eb t
S er vi ce F un ds . . . . . . . . . . . . . . . . —
(1 ,3 02 ) —
—
(1 ,0 49 ) ( 2, 35 1)
T ra ns fe rs f ro m ( to ) N on m aj or S pe ci al
R ev en ue F un ds . . . . . . . . . . . . . . . —
—
—
( 38 ) ( 1, 63 1) ( 1, 66 9)
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
T ot al o th er f in an ci ng s ou rc es ( us es ) . . —
( 55 4, 75 5) —
5 64
(3 ,2 82 ) ( 55 7, 47 3)
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
N et c ha ng e in f un d ba la nc es . . . . . . . . 5 0, 00 0 ( 56 8, 96 4) ( 55 8) ( 38 ) (1 93 ,0 42 ) ( 71 2, 60 2)
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . 1 9, 36 0 1, 53 6, 94 2 1 0, 05 5 38
56 1, 36 5 2 ,1 27 ,7 60
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . $
69 ,3 60
$
96 7, 97 8 $ 9 ,4 97
$
— $ 36 8, 32 3 $
1, 41 5, 15 8
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ ___ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 4
T H E C IT Y O F N E W Y O R K
N O N M A JO R C A P IT A L P R O JE C T S F U N D S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
148
P ri va te F is ca l Y ea r S al es T ax H u d so n T ot al T ot al
T ra n si ti on al E d u ca ti on al H ou si n g 2 00 5 A ss et Y ar d s N ew Y or k N on m aj or
F in an ce C on st ru ct io n L oa n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re C it y T ax D eb t S er vi ce
A u th or it y T S A S C , I n c. F u n d P ro gr am s C or p or at io n C or p or at io n C or p or at io n L ie n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . $ 4 $ —
$ —
$ —
$ —
$ —
$ —
$ —
$ 4
In ve st m en ts . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,6 67 ,9 36
—
66
—
—
—
—
—
1, 66 8, 00 2
A cc ou nt s re ce iv ab le :
T ax es o th er t ha n re al e st at e . . . . . . . . . . . . . 6 10 ,7 35
—
—
—
—
—
—
—
61 0, 73 5
T ob ac co s et tl em
en t re ve nu es
. . . . . . . . . . . —
2 7, 67 6 —
—
—
—
—
—
2 7, 67 6
R es tr ic te d ca sh , i nv es tm en ts a nd i nt er es t
re ce iv ab le . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,1 19 ,2 31
11 6, 79 6 3 4, 80 9 —
21 7, 74 8 16 9, 87 6 23 7, 99 8 1 8, 68 0 1, 91 5, 13 8
D ue f ro m o th er f un ds . . . . . . . . . . . . . . . . . . . —
—
—
—
—
—
2 55
—
2 55
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 22
—
—
—
—
—
19 1, 27 6 —
19 1, 59 8
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . $3 ,3 98 ,2 28
$ 14 4, 47 2 $ 3 4, 87 5 $ —
$ 21 7, 74 8 $ 16 9, 87 6 $ 4 29 ,5 29
$ 18 ,6 80
$ 4, 41 3, 40 8
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . . $
59 9 $
— $
— $
— $
— $
13 0 $
— $
— $
72 9
D ue t o ot he r fu nd s . . . . . . . . . . . . . . . . . . . . . 1 07 ,7 35
—
—
—
—
—
—
—
10 7, 73 5
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al l ia bi li ti es
. . . . . . . . . . . . . . . . . . . . . . 1 08 ,3 34
—
—
—
—
1 30
—
—
10 8, 46 4
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
D E F E R R E D IN F L O W S O F R E S O U R C E S :
P er so na l in co m e ta x re ve nu e . . . . . . . . . . . . . 5 03 ,0 00
—
—
—
—
—
—
—
50 3, 00 0
O th er d ef er re d in fl ow
s of r es ou rc es . . . . . . . . —
2 7, 67 6 —
—
—
—
2 ,4 91
—
3 0, 16 7
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al d ef er re d in fl ow
s of r es ou rc es
. . . . . . 5 03 ,0 00
2 7, 67 6 —
—
—
—
2 ,4 91
—
53 3, 16 7
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
F U N D B A L A N C E S :
S pe nd ab le :
R es tr ic te d:
D eb t S er vi ce . . . . . . . . . . . . . . . . . . . . . . . . 1 ,1 18 ,9 28
11 6, 79 6 3 4, 87 5 —
21 7, 74 8 16 9, 74 6 42 7, 03 8 1 8, 68 0 2, 10 3, 81 1
A ss ig ne d:
D eb t S er vi ce . . . . . . . . . . . . . . . . . . . . . . . . 1 ,6 67 ,9 66
—
—
—
—
—
—
—
1, 66 7, 96 6
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al f un d ba la nc es . . . . . . . . . . . . . . . . . 2 ,7 86 ,8 94
11 6, 79 6 3 4, 87 5 —
21 7, 74 8 16 9, 74 6 42 7, 03 8 1 8, 68 0 3, 77 1, 77 7
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al l ia bi li ti es , d ef er re d in fl ow
o f re so ur ce s
an d fu nd b al an ce s . . . . . . . . . . . . . . . . . . . . . . $ 3, 39 8, 22 8 $ 14 4, 47 2 $ 3 4, 87 5 $ —
$ 21 7, 74 8 $ 16 9, 87 6 $ 4 29 ,5 29
$ 18 ,6 80
$ 4, 41 3, 40 8
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 5
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 5
(i n th ou sa nd s)
149
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 6
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 4
(i n th ou sa nd s)
P ri va te F is ca l Y ea r S al es T ax H u d so n T ot al T ot al
T ra n si ti on al E d u ca ti on al H ou si n g 2 00 5 A ss et Y ar d s N ew Y or k N on m aj or
F in an ce C on st ru ct io n L oa n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re C it y T ax D eb t S er vi ce
A u th or it y T S A S C , I n c. F u n d P ro gr am s C or p or at io n C or p or at io n C or p or at io n L ie n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _
A S S E T S :
In ve st m en ts . . . . . . . . . . . . . . . . . . . . . . . . . . . $1 ,3 62 ,2 70
$
— $
12 0 $
— $
— $
— $
— $
— $ 1, 36 2, 39 0
A cc ou nt s re ce iv ab le :
T ax es o th er t ha n re al e st at e . . . . . . . . . . . . . 2 86 ,6 41
—
—
—
—
—
—
—
28 6, 64 1
T ob ac co s et tl em
en t re ve nu es
. . . . . . . . . . . —
2 8, 05 0 —
—
—
—
—
—
2 8, 05 0
R es tr ic te d ca sh , i nv es tm en ts a nd i nt er es t
re ce iv ab le . . . . . . . . . . . . . . . . . . . . . . . . . . 8 86 ,3 04
11 7, 04 0 3 7, 37 5 —
25 8, 21 3 33 9, 62 2 2 5, 60 6 1 9, 19 7 1, 68 3, 35 7
D ue f ro m o th er f un ds . . . . . . . . . . . . . . . . . . . —
—
—
—
—
—
2 55
—
2 55
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
—
—
—
—
—
26 1, 51 3 —
26 1, 51 3
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . $2 ,5 35 ,2 15
$ 14 5, 09 0 $
37 ,4 95 $
— $
25 8, 21 3 $
33 9, 62 2 $ 2 87 ,3 74
$ 19 ,1 97
$ 3, 62 2, 20 6
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . . $
47 4 $
— $
— $
— $
— $
— $ —
$
— $
47 4
D ue t o ot he r fu nd s . . . . . . . . . . . . . . . . . . . . . 4 8, 64 1 —
—
—
—
—
—
—
4 8, 64 1
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al l ia bi li ti es
. . . . . . . . . . . . . . . . . . . . . . 4 9, 11 5 —
—
—
—
—
—
—
4 9, 11 5
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
D E F E R R E D IN F L O W S O F R E S O U R C E S :
P er so na l in co m e ta x re ve nu e . . . . . . . . . . . . . 2 38 ,0 00
—
—
—
—
—
—
—
23 8, 00 0
O th er d ef er re d in fl ow
s of r es ou rc es . . . . . . . . —
2 8, 05 0 —
—
—
—
1 ,9 50
—
3 0, 00 0
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al d ef er re d in fl ow
s of r es ou rc es
. . . . . . 2 38 ,0 00
2 8, 05 0 —
—
—
—
1 ,9 50
—
26 8, 00 0
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
F U N D B A L A N C E S :
S pe nd ab le :
R es tr ic te d:
D eb t S er vi ce . . . . . . . . . . . . . . . . . . . . . . . . 8 85 ,8 30
11 7, 04 0 3 7, 49 5 —
25 8, 21 3 33 9, 62 2 28 5, 42 4 1 9, 19 7 1, 94 2, 82 1
A ss ig ne d:
D eb t S er vi ce . . . . . . . . . . . . . . . . . . . . . . . . 1 ,3 62 ,2 70
—
—
—
—
—
—
—
1, 36 2, 27 0
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al f un d ba la nc es . . . . . . . . . . . . . . . . . 2 ,2 48 ,1 00
11 7, 04 0 3 7, 49 5 —
25 8, 21 3 33 9, 62 2 28 5, 42 4 1 9, 19 7 3, 30 5, 09 1
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
T ot al l ia bi li ti es , d ef er re d in fl ow
o f re so ur ce s
an d fu nd b al an ce s . . . . . . . . . . . . . . . . . . . . . . $ 2, 53 5, 21 5 $ 14 5, 09 0 $
37 ,4 95 $
— $ 25 8, 21 3 $ 33 9, 62 2 $ 2 87 ,3 74
$ 19 ,1 97
$ 3, 62 2, 20 6
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___
150
P ri va te F is ca l Y ea r S al es T ax H u d so n T ot al T ot al
T ra n si ti on al E d u ca ti on al H ou si n g 2 00 5 A ss et Y ar d s N ew Y or k N on m aj or
F in an ce T S A S C , C on st ru ct io n L oa n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re C it y T ax D eb t S er vi ce
A u th or it y I n c. F u n d P ro gr am s C or p or at io n C or p or at io n C or p or at io n L ie n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
R E V E N U E S :
In ve st m en t in co m e (l os s)
. . . . . . . . . . . . . . . $
1, 48 0 $ 4 98
$ 3 71
$ —
$ 3, 58 7 $
22 6 $
(1 83 ) $ 5
$
5, 98 4
D is tr ic t im pr ov em
en t bo nu s re ve nu e . . . . . . —
—
—
—
—
—
19 2, 86 5 —
19 2, 86 5
P er so na l in co m e ta x . . . . . . . . . . . . . . . . . . . 53 0, 44 1 —
—
—
—
—
—
—
53 0, 44 1
N Y S L oc al G ov er nm
en t A
ss is ta nc e
C or po ra ti on R ev en ue . . . . . . . . . . . . . . . . . —
—
—
—
—
16 9, 62 5 —
—
16 9, 62 5
T ob ac co s et tl em
en t . . . . . . . . . . . . . . . . . . . . —
6 7, 31 3 —
—
—
—
—
—
6 7, 31 3
O th er r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . 7 26 ,7 00
—
—
—
—
37
4 ,0 36
—
73 0, 77 3
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
T ot al r ev en ue s . . . . . . . . . . . . . . . . . . . . . . 1, 25 8, 62 1 6 7, 81 1 3 71
—
3 ,5 87
16 9, 88 8 19 6, 71 8 5
1, 69 7, 00 1
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . . . . . . . . . . . . . 4, 14 8 —
—
—
—
63 6, 70 8 —
2 ,3 36
64 3, 19 2
D eb t S er vi ce :
I nt er es t . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,2 91 ,8 12
6 1, 72 0 1 3, 45 7 —
1 0, 53 7 10 4, 26 3 13 2, 81 4 8 21
1, 61 5, 42 4
R ed em
pt io ns
. . . . . . . . . . . . . . . . . . . . . . . 1 ,5 47 ,4 72
6 ,3 35
1 ,9 65
—
3 3, 41 5 1, 98 4, 87 2 —
10 7, 03 0 3, 68 1, 08 9
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
T ot al e xp en di tu re s . . . . . . . . . . . . . . . . . 2 ,8 43 ,4 32
6 8, 05 5 1 5, 42 2 —
4 3, 95 2 2, 72 5, 84 3 13 2, 81 4 11 0, 18 7 5, 93 9, 70 5
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
E xc es s (d ef ic ie nc y) o f re ve nu es
ov er e xp en di tu re s . . . . . . . . . . . . . . ( 1, 58 4, 81 1) ( 24 4) (1 5, 05 1) —
( 40 ,3 65 ) (2 ,5 55 ,9 55 ) 63 ,9 04
( 11 0, 18 2) ( 4, 24 2, 70 4)
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m (t o) G en er al F un d, n et
. . . . . 2 ,1 39 ,5 68
—
—
—
—
—
7 6, 61 0 —
2, 21 6, 17 8
T ra ns fe rs f ro m ( to ) N on m aj or C ap it al
P ro je ct s F un ds . . . . . . . . . . . . . . . . . . . . . . 5 64
—
—
—
—
—
8 22
—
1 ,3 86
T ra ns fe rs f ro m ( to ) N on m aj or S pe ci al
R ev en ue F un ds
. . . . . . . . . . . . . . . . . . . . . (3 19 ) —
1 2, 43 1 —
(1 00 ) —
2 78
10 9, 66 5 12 1, 95 5
P ri nc ip al a m ou nt o f bo nd s is su ed
. . . . . . . . . —
—
—
—
—
2, 03 5, 33 0 —
—
2, 03 5, 33 0
B on d pr em
iu m
. . . . . . . . . . . . . . . . . . . . . . . 1 37 ,0 92
—
—
—
—
35 0, 74 9 —
—
48 7, 84 1
Is su an ce o f re fu nd in g de bt
. . . . . . . . . . . . . . 7 85 ,7 95
—
—
—
—
—
—
—
78 5, 79 5
P ay m en ts t o re fu nd ed b on d es cr ow
h ol de r . . ( 93 9, 09 5) —
—
—
—
—
—
—
( 93 9, 09 5)
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
T ot al o th er f in an ci ng s ou rc es ( us es ) . . . . . 2 ,1 23 ,6 05
—
1 2, 43 1 —
(1 00 ) 2 ,3 86 ,0 79
7 7, 71 0 10 9, 66 5 4, 70 9, 39 0
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
N et c ha ng e in f un d ba la nc es . . . . . . . . . . . . . . . 53 8, 79 4 (2 44 ) ( 2, 62 0) —
( 40 ,4 65 ) (1 69 ,8 76 ) 1 41 ,6 14
(5 17 ) 4 66 ,6 86
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . . . . . . 2, 24 8, 10 0 11 7, 04 0 3 7, 49 5 —
25 8, 21 3 33 9, 62 2 28 5, 42 4 1 9, 19 7 3, 30 5, 09 1
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . . . . . . . $ 2, 78 6, 89 4 $ 11 6, 79 6 $ 3 4, 87 5 $ —
$ 21 7, 74 8 $
16 9, 74 6 $ 42 7, 03 8 $ 1 8, 68 0 $ 3, 77 1, 77 7
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
__ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 7
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
151
P ri va te F is ca l Y ea r S al es T ax H u d so n T ot al T ot al
T ra n si ti on al E d u ca ti on al H ou si n g 2 00 5 A ss et Y ar d s N ew Y or k N on m aj or
F in an ce T S A S C , C on st ru ct io n L oa n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re C it y T ax D eb t S er vi ce
A u th or it y I n c. F u n d P ro gr am s C or p or at io n C or p or at io n C or p or at io n L ie n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _
R E V E N U E S :
In ve st m en t in co m e . . . . . . . . . . . . . . . . . . . . . $
1, 04 4 $
94 1 $
53 5 $
— $
4, 54 7 $
32 6 $
78 $
1 $
7, 47 2
In te re st o n m or tg ag es , n et
. . . . . . . . . . . . . . . —
—
—
6 05
—
—
—
—
6 05
D is tr ic t im pr ov em
en t bo nu s re ve nu e . . . . . . . —
—
—
—
—
—
1 0, 82 8 —
1 0, 82 8
P er so na l in co m e ta x . . . . . . . . . . . . . . . . . . . . 1 ,6 14 ,6 82
—
—
—
—
—
—
—
1, 61 4, 68 2
N Y S L oc al G ov er nm
en t A
ss is ta nc e
C or po ra ti on R ev en ue
. . . . . . . . . . . . . . . . . —
—
—
—
—
16 9, 63 6 —
—
16 9, 63 6
T ob ac co s et tl em
en t . . . . . . . . . . . . . . . . . . . . . —
7 8, 68 4 —
—
—
—
—
—
7 8, 68 4
O th er r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . —
—
—
1 74
—
—
1 6, 06 9 2
1 6, 24 5
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . 1 ,6 15 ,7 26
7 9, 62 5 5 35
7 79
4 ,5 47
16 9, 96 2 2 6, 97 5 3
1, 89 8, 15 2
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . . . . . . . . . . . . . 2, 10 1 —
—
—
—
—
—
2 ,3 18
4 ,4 19
D eb t S er vi ce :
I nt er es t . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,2 48 ,5 05
6 2, 53 0 1 3, 53 6 3 03
1 2, 02 5 9 9, 26 3 14 3, 84 8 9 14
1, 58 0, 92 4
R ed em
pt io ns . . . . . . . . . . . . . . . . . . . . . . . . 1 ,1 72 ,3 10
1 7, 07 0 1 ,8 90
6 ,8 95
2 9, 06 0 1 0, 88 5 —
7 9, 24 1 1, 31 7, 35 1
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al e xp en di tu re s . . . . . . . . . . . . . . . . . . 2 ,4 22 ,9 16
7 9, 60 0 1 5, 42 6 7 ,1 98
4 1, 08 5 11 0, 14 8 14 3, 84 8 8 2, 47 3 2, 90 2, 69 4
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
E xc es s (d ef ic ie nc y) o f re ve nu es
ov er e xp en di tu re s . . . . . . . . . . . . . . (8 07 ,1 90 ) 2 5 ( 14 ,8 91 ) ( 6, 41 9) (3 6, 53 8) 5 9, 81 4 ( 11 6, 87 3) (8 2, 47 0) ( 1, 00 4, 54 2)
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m ( to ) G en er al F un d, n et . . . . . . 1 ,8 86 ,7 77
—
—
—
—
—
7 5, 89 4 —
1, 96 2, 67 1
T ra ns fe rs f ro m ( to ) N on m aj or C ap it al
P ro je ct s F un ds
. . . . . . . . . . . . . . . . . . . . . . 1, 30 2 —
—
—
—
—
1 ,0 49
—
2 ,3 51
T ra ns fe rs f ro m ( to ) N on m aj or S pe ci al
R ev en ue F un ds
. . . . . . . . . . . . . . . . . . . . . . ( 32 2) —
1 6, 88 3 —
(1 00 ) —
3 63
2 0, 86 5 3 7, 68 9
T ra ns fe rs f ro m ( to ) G en er al D eb t S er vi ce F un d —
—
—
6 ,2 20
—
—
—
—
6 ,2 20
T ra ns fe rs f ro m ( to ) ot he r N ew
Y or k C it y T ax
L ie n T ru st s . . . . . . . . . . . . . . . . . . . . . . . . . —
—
—
—
—
—
—
7 2, 44 4 7 2, 44 4
B on d pr em
iu m . . . . . . . . . . . . . . . . . . . . . . . . 4 6, 04 9 —
—
—
—
—
—
—
4 6, 04 9
Is su an ce o f re fu nd in g de bt . . . . . . . . . . . . . . . 5 79 ,1 40
—
—
—
—
—
—
—
57 9, 14 0
P ay m en ts t o re fu nd ed b on d es cr ow
h ol de r . . (3 89 ,5 16 ) —
—
—
—
—
—
—
( 38 9, 51 6)
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al o th er f in an ci ng s ou rc es ( us es ) . . . . . . 2 ,1 23 ,4 30
—
1 6, 88 3 6 ,2 20
(1 00 ) —
7 7, 30 6 9 3, 30 9 2, 31 7, 04 8
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
N et c ha ng e in f un d ba la nc es
. . . . . . . . . . . . . . . 1 ,3 16 ,2 40
25
1 ,9 92
(1 99 ) ( 36 ,6 38 ) 59 ,8 14
( 39 ,5 67 ) 10 ,8 39
1, 31 2, 50 6
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . . . . . . . 9 31 ,8 60
11 7, 01 5 3 5, 50 3 1 99
29 4, 85 1 27 9, 80 8 32 4, 99 1 8 ,3 58
1, 99 2, 58 5
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . . . . . . . . $2 ,2 48 ,1 00
$
11 7, 04 0 $
37 ,4 95
$
— $
25 8, 21 3 $
33 9, 62 2 $
28 5, 42 4 $
19 ,1 97
$ 3, 30 5, 09 1
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 8
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
152
T ot al
N Y C T L 2 01 2- A N Y C T L 2 01 3- A N Y C T L 2 01 4- A N ew Y or k C it y
T R U S T T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
A S S E T S :
R es tr ic te d in ve st m en ts . . . . . . . . . . . . . . . . . . . . . . $ — $ — $
18 ,6 80 $
18 ,6 80
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $
18 ,6 80 $
18 ,6 80
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
L IA B IL IT IE S :
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $
— $
— $
—
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
F U N D B A L A N C E S :
S pe nd ab le :
R es tr ic te d:
D eb t S er vi ce . . . . . . . . . . . . . . . . . . . . . . . . . . — —
18 ,6 80 18 ,6 80
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al f un d ba la nc es
. . . . . . . . . . . . . . . . . . —
—
18 ,6 80 18 ,6 80
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al l ia bi li ti es a nd f un d ba la nc es . . . . . . . . . . . . . $ — $
— $ 1 8, 68 0 $
18 ,6 80
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 9
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 5
(i n th ou sa nd s)
153
T ot al
N Y C T L 2 01 2- A N Y C T L 2 01 3- A N ew Y or k C it y
T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _
A S S E T S :
R es tr ic te d in ve st m en ts . . . . . . . . . . . . . . . . . . . . . . $
6, 11 1 $
13 ,0 86 $
19 ,1 97
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
6, 11 1 $
13 ,0 86 $
19 ,1 97
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
L IA B IL IT IE S :
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $
— $
—
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
F U N D B A L A N C E S :
S pe nd ab le :
R es tr ic te d:
D eb t S er vi ce . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ,1 11 13 ,0 86 19 ,1 97
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al f un d ba la nc es
. . . . . . . . . . . . . . . . . . 6 ,1 11 13 ,0 86 19 ,1 97
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
T ot al l ia bi li ti es a nd f un d ba la nc es . . . . . . . . . . . . . $
6, 11 1 $
13 ,0 86 $
19 ,1 97
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
_ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ _
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 10
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 4
(i n th ou sa nd s)
154
T ot al
N Y C T L 2 01 2- A N Y C T L 2 01 3- A N Y C T L 2 01 4- A N ew Y or k C it y
T R U S T T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ _ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
R E V E N U E S :
In ve st m en t in co m e . . . . . . . . . . . . . . . . . . . . . . . . . $
1 $
1 $
3 $
5
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
T ot al r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1 3 5
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . . . . . . . . . . . . . . . . . —
—
2 ,3 36 2 ,3 36
D eb t S er vi ce :
I nt er es t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2 2 28 5 21 8 21
R ed em
pt io ns
. . . . . . . . . . . . . . . . . . . . . . . . . . . 10 ,8 50 34 ,9 32 61 ,2 48 1 07 ,0 30
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
T ot al e xp en di tu re s . . . . . . . . . . . . . . . . . . . . . 10 ,9 22 35 ,1 60 64 ,1 05 1 10 ,1 87
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
(D ef ic ie nc y) of r ev en ue s ov er
ex pe nd it ur es . . . . . . . . . . . . . . . . . . . . . . ( 10 ,9 21 ) ( 35 ,1 59 ) ( 64 ,1 02 ) ( 11 0, 18 2)
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m ( to ) N on m aj or S pe ci al
R ev en ue F un ds . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ,8 10 22 ,0 73 82 ,7 82 1 09 ,6 65
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
T ot al o th er f in an ci ng s ou rc es ( us es ) . . . . . . . . . 4 ,8 10 22 ,0 73 82 ,7 82 1 09 ,6 65
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
N et c ha ng e in f un d ba la nc es . . . . . . . . . . . . . . . . . . . ( 6, 11 1) (1 3, 08 6) 1 8, 68 0 ( 51 7)
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . . . . . . . . . . 6 ,1 11 13 ,0 86 —
19 ,1 97
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . . . . . . . . . . . $
— $
— $ 1 8, 68 0 $
18 ,6 80
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 11
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
155
T ot al
N Y C T L 2 01 2- A N Y C T L 2 01 3- A N ew Y or k C it y
T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _
R E V E N U E S :
In ve st m en t in co m e . . . . . . . . . . . . . . . . . . . . . . . . . $
1 $
— $
1 O th er r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2 2
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
T ot al r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . . . . . . . . . . . . . . . . . —
2 ,3 18 2 ,3 18
D eb t S er vi ce :
I nt er es t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 07 6 07 9 14
R ed em
pt io ns
. . . . . . . . . . . . . . . . . . . . . . . . . . . 22 ,8 06 56 ,4 35 79 ,2 41
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
T ot al e xp en di tu re s . . . . . . . . . . . . . . . . . . . . . 23 ,1 13 59 ,3 60 82 ,4 73
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
(D ef ic ie nc y) o f re ve nu es o ve r
ex pe nd it ur es . . . . . . . . . . . . . . . . . . . . . . ( 23 ,1 12 ) ( 59 ,3 58 ) ( 82 ,4 70 )
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m ( to ) N on m aj or S pe ci al
R ev en ue F un ds . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0, 86 5 —
20 ,8 65
T ra ns fe r fr om
( to ) ot he r N ew
Y or k C it y T ax
L ie n T ru st s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 72 ,4 44 72 ,4 44
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
T ot al o th er f in an ci ng s ou rc es ( us es ) . . . . . . . . . 20 ,8 65 72 ,4 44 93 ,3 09
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
N et c ha ng e in f un d ba la nc es . . . . . . . . . . . . . . . . . . . ( 2, 24 7) 1 3, 08 6 10 ,8 39
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . . . . . . . . . . 8 ,3 58 —
8 ,3 58
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . . . . . . . . . . . $ 6, 11 1 $
13 ,0 86 $
19 ,1 97
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
__ __ __ __ __ __ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 12
T H E C IT Y O F N E W Y O R K
N O N M A JO R D E B T S E R V IC E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
156
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 13
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 5
(i n th ou sa nd s)
T ot al T ot al
F is ca l Y ea r S al es T ax H u d so n H u d so n N Y C N ew Y or k N on m aj or
T ra n si ti on al E d u ca ti on al 2 00 5 A ss et Y ar d s Y ar d s T ec h n ol og y C it y S p ec ia l
F in an ce T S A S C , C on st ru ct io n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re D ev el op m en t D ev el op m en t T ax L ie n R ev en u e
A u th or it y I n c. F u n d C or p or at io n C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . $
7, 55 1 $
21 6 $
45 ,2 71
$
41 5 $
50 5 $
4, 86 2 $
18 8 $
33 6 $
2, 52 7 $
61 ,8 71
In ve st m en ts . . . . . . . . . . . . . . —
4 16
6
—
—
—
—
—
—
4 22
P re pa id i te m s . . . . . . . . . . . . . —
1 67
1 57
—
1 39
1 54
1
1
—
6 19
A cc ou nt s re ce iv ab le :
T ob ac co s et tl em
en t re ve nu e —
4 6, 32 4 —
—
—
—
—
—
—
4 6, 32 4
O th er r ec ei va bl es , n et . . . . . —
—
—
—
—
—
—
—
33 0, 86 8 33 0, 86 8
R es tr ic te d ca sh an d in ve st m en ts —
—
—
—
—
—
—
—
1 5, 02 9 1 5, 02 9
D ue f ro m o th er f un ds
. . . . . . —
—
—
—
—
—
6
—
—
6
O th er . . . . . . . . . . . . . . . . . . . 3 62
—
—
—
—
—
—
—
—
3 62
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al a ss et s . . . . . . . . . . . . . $
7, 91 3 $ 4 7, 12 3 $
45 ,4 34
$
41 5 $ 6 44
$ 5, 01 6 $
19 5 $ 3 37
$ 34 8, 42 4 $ 45 5, 50 1
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d
li ab il it ie s . . . . . . . . . . . . . . $ 3 ,8 54
$
22 $ 64
$ 17
$ 12
$
20 $ 67
$ 1 96
$ 7, 26 2 $ 1 1, 51 4
O ve ra ge s du e to ta xp ay er s . . . —
—
—
—
—
—
—
—
4 37
4 37
U ne ar ne d re ve nu es
. . . . . . . . —
—
3 ,0 70
—
—
—
—
—
—
3 ,0 70
D ue t o ot he r fu nd s . . . . . . . . . —
—
—
—
—
—
—
1 91
—
1 91
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al li ab il it ie s . . . . . . . . . .
3, 85 4
22
3, 13 4
17
12
20
67
38 7
7, 69 9
15 ,2 12
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
D E F E R R E D IN F L O W S O F R E S O U R C E S :
O th er d ef er re d in fl ow
s of
r es ou rc es
. . . . . . . . . . . . . . —
4 6, 32 4 —
—
—
—
—
—
23 8, 98 8 28 5, 31 2
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
F U N D B A L A N C E S :
N on sp en da bl e:
P re pa id e xp en se s . . . . . . . . —
1 67
1 57
—
1 39
1 54
1
1
—
6 19
A ss ig ne d:
O pe ra ti on s . . . . . . . . . . . . . —
—
—
—
—
—
—
—
1 5, 34 7 1 5, 34 7
U na ss ig ne d . . . . . . . . . . . . . . 4, 05 9 6 10
4 2, 14 3 3 98
4 93
4 ,8 42
1 27
( 51 ) 86 ,3 90
13 9, 01 1
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al f un d ba la nc es
. . 4, 05 9 7 77
4 2, 30 0 3 98
6 32
4 ,9 96
1 28
( 50 ) 1 01 ,7 37
15 4, 97 7
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al li ab il it ie s, d ef er re d in fl ow
s of
re so ur ce s an d fu nd b al an ce s . . $ 7 ,9 13
$ 4 7, 12 3 $
45 ,4 34
$
41 5 $ 6 44
$ 5, 01 6 $ 1 95
$
33 7 $
34 8, 42 4 $ 45 5, 50 1
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
157
T ot al T ot al
F is ca l Y ea r S al es T ax H u d so n H u d so n N Y C N ew Y or k N on m aj or
T ra n si ti on al E d u ca ti on al 20 05 A ss et Y ar d s Y ar d s T ec h n ol og y C it y S p ec ia l
F in an ce T S A S C , C on st ru ct io n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re D ev el op m en t D ev el op m en t T ax L ie n R ev en u e
A u th or it y I n c. F u n d C or p or at io n C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . $
4, 77 0 $
19 4 $
39 ,1 65
$
41 4 $
55 6 $
19 7 $
85 $
45 7 $
2, 89 8 $
48 ,7 36
In ve st m en ts . . . . . . . . . . . . . . —
4 60
—
—
—
—
—
—
—
4 60
P re pa id i te m s . . . . . . . . . . . . . —
1 67
1 48
—
1 39
1 54
2
1
—
6 11
A cc ou nt s re ce iv ab le :
T ob ac co s et tl em
en t r ev en ue . . —
4 6, 95 0 —
—
—
—
—
—
—
4 6, 95 0
O th er r ec ei va bl es , n et . . . . . —
—
—
—
—
—
—
—
36 5, 09 0 36 5, 09 0
R es tr ic te d ca sh a nd in ve st m en ts —
—
—
—
—
—
—
—
1 3, 04 6 1 3, 04 6
D ue f ro m o th er f un ds
. . . . . . —
—
—
—
—
—
2
—
—
2
O th er . . . . . . . . . . . . . . . . . . . 3 22
—
—
—
—
—
33
—
—
3 55
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al a ss et s . . . . . . . . . . . . . $
5, 09 2 $
47 ,7 71
$
39 ,3 13
$
41 4 $
69 5 $
35 1 $
12 2 $
45 8 $
38 1, 03 4 $
47 5, 25 0
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d
l ia bi li ti es
. . . . . . . . . . . . . . $
3, 20 2 $
21 $
— $
16 $
12 $
31 $
86 $
48 1 $
5, 33 8 $
9, 18 7
O ve ra ge s du e to t ax pa ye rs . . . —
—
—
—
—
—
—
—
6 12
6 12
U ne ar ne d re ve nu es
. . . . . . . . —
—
4 93
—
—
—
—
—
—
4 93
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al l ia bi li ti es . . . . . . . . . . 3 ,2 02
21
4 93
16
12
31
86
4 81
5 ,9 50
1 0, 29 2
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
D E F E R R E D IN F L O W S O F R E S O U R C E S :
O th er d ef er re d in fl ow
s of
r es ou rc es
. . . . . . . . . . . . . . —
4 6, 95 0 —
—
—
—
—
—
27 2, 25 5 31 9, 20 5
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
F U N D B A L A N C E S :
N on sp en da bl e:
P re pa id e xp en se s . . . . . . . . —
1 67
1 48
—
1 39
1 54
2
1
—
6 11
A ss ig ne d:
O pe ra ti on s . . . . . . . . . . . . . —
6 33
3 8, 67 2 3 98
5 44
1 66
—
( 24 ) 1 02 ,8 29
14 3, 21 8
U na ss ig ne d . . . . . . . . . . . . . . 1, 89 0 —
—
—
—
—
34
—
—
1 ,9 24
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al f un d ba la nc es
. . 1, 89 0 8 00
3 8, 82 0 3 98
6 83
3 20
36
( 23 ) 1 02 ,8 29
14 5, 75 3
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
T ot al li ab il it ie s, d ef er re d in fl ow
s of
re so ur ce s an d fu nd b al an ce s . . $
5, 09 2 $
47 ,7 71
$
39 ,3 13
$
41 4 $
69 5 $
35 1 $
12 2 $
45 8 $
38 1, 03 4 $
47 5, 25 0
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 14
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 4
(i n th ou sa nd s)
158
T ot al T ot al
F is ca l ye ar S al es T ax H u d so n H u d so n N Y C N ew Y or k N on m aj or
T ra n si ti on al E d u ca ti on al 2 00 5 A ss et Y ar d s Y ar d s T ec h n ol og y C it y S p ec ia l
F in an ce T S A S C , C on st ru ct io n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re D ev el op m en t D ev el op m en t T ax L ie n R ev en u e
A u th or it y I n c. F u n d C or p or at io n C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _
R E V E N U E S :
T ax l ie ns r ec ei va bl e fr om
T he
C it y of N ew
Y or k . . . . . . . . $ —
$ —
$ —
$ —
$ —
$ —
$ —
$ — $
90 ,4 43 $
90 ,4 43
In ve st m en t in co m e . . . . . . . . . 5
5
65
—
—
—
—
—
10 4, 43 3 10 4, 50 8
P er so na l i nc om
e ta x re ve nu es
. 2 5, 76 3 —
—
—
—
—
—
—
—
2 5, 76 3
T ob ac co s et tl em
en t . . . . . . . . —
11 3, 78 1 —
—
—
—
—
—
—
11 3, 78 1
N Y S L oc al G ov er nm
en t
A ss is ta nc e C or po ra ti on
R ev en ue
. . . . . . . . . . . . . . . —
—
—
—
3 75
—
—
—
—
3 75
R en ta l in co m e an d ta x
e qu iv al en cy r ev en ue . . . . . . —
—
1 7, 60 9 —
—
—
—
—
—
1 7, 60 9
O th er r ev en ue s . . . . . . . . . . . . 11 6, 58 7 —
—
—
—
5 ,4 68
—
3 ,6 79
5 1, 10 7 17 6, 84 1
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al r ev en ue s . . . . . . . . . . 14 2, 35 5 11 3, 78 6 1 7, 67 4 —
3 75
5 ,4 68
—
3 ,6 79
24 5, 98 3 52 9, 32 0
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . 2 3, 96 1 4 40
1 ,6 99
1 00
4 26
5 14
6 26
3 ,7 06
23 2, 87 7 26 4, 34 9
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al e xp en di tu re s . . . . . . . 2 3, 96 1 4 40
1 ,6 99
1 00
4 26
5 14
6 26
3 ,7 06
23 2, 87 7 26 4, 34 9
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
E xc es s (d ef ic ie nc y) o f
re ve nu es o ve r
ex pe nd it ur es . . . . . . . . 1 18 ,3 94
11 3, 34 6 1 5, 97 5 (1 00 ) (5 1) 4, 95 4 (6 26 ) (2 7) 1 3, 10 6 26 4, 97 1
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m ( to ) G en er al
F un d, n et
. . . . . . . . . . . . . . ( 11 6, 58 7) ( 11 3, 36 9) —
—
—
—
—
—
—
( 22 9, 95 6)
T ra ns fe rs f ro m ( to ) N on m aj or
C ap it al P ro je ct s F un ds . . . . 43
—
( 64 ) —
—
—
7 18
—
—
6 97
T ra ns fe rs f ro m ( to ) N on m aj or
D eb t S er vi ce F un ds
. . . . . . 3 19
—
( 12 ,4 31 ) 1 00
—
(2 78 ) —
—
( 10 9, 66 5) ( 12 1, 95 5)
P ri nc ip al a m ou nt o f bo nd s is su ed —
—
—
—
—
—
—
—
9 5, 47 9 9 5, 47 9
B on d (d is co un t) . . . . . . . . . . . —
—
—
—
—
—
—
—
( 12 ) (1 2)
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al o th er f in an ci ng
s ou rc es ( us es ) . . . . . . . . . ( 11 6, 22 5) ( 11 3, 36 9) (1 2, 49 5) 10 0 —
(2 78 ) 7 18
—
( 14 ,1 98 ) (2 55 ,7 47 )
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
N et c ha ng e in f un d ba la nc es . . . 2 ,1 69
( 23 ) 3 ,4 80
—
( 51 ) 4 ,6 76
92
( 27 ) ( 1, 09 2) 9, 22 4
F U N D B A L A N C E S (D
E F IC IT ) A T
B E G IN N IN G O F Y E A R . . . . . . . . . 1 ,8 90
8 00
3 8, 82 0 3 98
6 83
3 20
36
( 23 ) 1 02 ,8 29
14 5, 75 3
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
F U N D B A L A N C E S (D
E F IC IT ) A T
E N D O F Y E A R . . . . . . . . . . . . . . $ 4 ,0 59
$ 7 77
$ 4 2, 30 0 $ 3 98
$ 6 32
$ 4, 99 6 $ 1 28
$ (5 0) $ 10 1, 73 7 $ 15 4, 97 7
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 15
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
159
T ot al T ot al
F is ca l Y ea r S al es T ax H u d so n H u d so n N Y C N ew Y or k N on m aj or
T ra n si ti on al E d u ca ti on al 2 00 5 A ss et Y ar d s Y ar d s T ec h n ol og y C it y S p ec ia l
F in an ce T S A S C , C on st ru ct io n S ec u ri ti za ti on R ec ei va b le I n fr as tr u ct u re D ev el op m en t D ev el op m en t T ax L ie n R ev en u e
A u th or it y I n c. F u n d C or p or at io n C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ru st s F u n d s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _
R E V E N U E S :
T ax l ie ns r ec ei va bl e fr om
T he
C it y of N ew
Y or k . . . . . . . . $
— $
— $
— $
— $
— $
— $
— $
— $
15 5, 52 6 $
15 5, 52 6
In ve st m en t in co m e . . . . . . . . . 4
2
5
—
—
—
5
—
9 3, 25 8 9 3, 27 4
P er so na l in co m e ta x re ve nu es
2 6, 62 9 —
—
—
—
—
—
—
—
2 6, 62 9
T ob ac co s et tl em
en t . . . . . . . . —
13 2, 93 2 —
—
—
—
—
—
—
13 2, 93 2
N Y S L oc al G ov er nm
en t
A ss is ta nc e C or po ra ti on
R ev en ue
. . . . . . . . . . . . . . . —
—
—
—
3 64
—
—
—
—
3 64
R en ta l in co m e an d ta x
e qu iv al en cy r ev en ue . . . . . . —
—
1 3, 08 7 —
—
—
—
—
—
1 3, 08 7
O th er r ev en ue s . . . . . . . . . . . . 11 3, 23 5 —
7 ,0 00
—
—
—
—
3 ,4 89
1 2, 90 9 13 6, 63 3
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al r ev en ue s . . . . . . . . . . 13 9, 86 8 13 2, 93 4 2 0, 09 2 —
3 64
—
5
3 ,4 89
26 1, 69 3 55 8, 44 5
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . 2 3, 29 5 4 40
1 ,5 36
99
3 70
4 35
1 ,6 22
4 ,0 11
25 7, 77 2 28 9, 58 0
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al e xp en di tu re s . . . . . . . 2 3, 29 5 4 40
1 ,5 36
99
3 70
4 35
1 ,6 22
4 ,0 11
25 7, 77 2 28 9, 58 0
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
E xc es s (d ef ic ie nc y) o f
re ve nu es o ve r
ex pe nd it ur es . . . . . . . . 1 16 ,5 73
13 2, 49 4 1 8, 55 6 ( 99 ) ( 6) ( 43 5) ( 1, 61 7) ( 52 2) 3, 92 1 26 8, 86 5
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m ( to ) G en er al
F un d, n et
. . . . . . . . . . . . . . ( 11 3, 23 5) ( 13 2, 47 4) —
—
—
7 98
—
—
—
( 24 4, 91 1)
T ra ns fe rs f ro m ( to ) N on m aj or
C ap it al P ro je ct s F un ds . . . . —
—
—
—
—
—
1 ,6 69
—
—
1 ,6 69
T ra ns fe rs f ro m ( to ) N on m aj or
D eb t S er vi ce F un ds . . . . . . 3 22
—
( 16 ,8 83 ) 1 00
—
(3 63 ) —
—
( 20 ,8 65 ) ( 37 ,6 89 )
T ra ns fe rs f ro m ( to ) ot he r N ew
Y or k C it y T ax L ie n T ru st s . . —
—
—
—
—
—
—
—
( 72 ,4 44 ) ( 72 ,4 44 )
P ri nc ip al a m ou nt o f bo nd s is su ed
—
—
—
—
—
—
—
—
9 1, 36 6 9 1, 36 6
B on d (d is co un t) . . . . . . . . . . . —
—
—
—
—
—
—
—
( 4) (4 )
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al o th er f in an ci ng
s ou rc es ( us es ) . . . . . . . . . ( 11 2, 91 3) ( 13 2, 47 4) (1 6, 88 3) 10 0 —
4 35
1 ,6 69
—
(1 ,9 47 ) (2 62 ,0 13 )
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
N et c ha ng e in f un d ba la nc es . . . 3 ,6 60
20
1 ,6 73
1
( 6) —
52
(5 22 ) 1 ,9 74
6 ,8 52
F U N D B A L A N C E S (D
E F IC IT ) A T
B E G IN N IN G O F Y E A R . . . . . . . . . (1 ,7 70 ) 7 80
3 7, 14 7 3 97
6 89
3 20
( 16 ) 4 99
10 0, 85 5 13 8, 90 1
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
F U N D B A L A N C E S (D
E F IC IT ) A T
E N D O F Y E A R . . . . . . . . . . . . . . $
1, 89 0 $
80 0 $
38 ,8 20
$
39 8 $
68 3 $
32 0 $
36 $
(2 3) $
10 2, 82 9 $
14 5, 75 3
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 16
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
160
T ot al
N Y C T L 1 99 8- 2 N Y C T L 2 01 2- A N Y C T L 2 01 3- A N Y C T L 2 01 4- A N Y C T L 2 01 5- A N ew Y or k C it y
T R U S T T R U S T T R U S T T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . . . . . $
85 6 $ — $ — $
29 3 $
1, 37 8 $
2, 52 7
A cc ou nt s re ce iv ab le :
T ax l ie ns r ec ei va bl e, n et . . . . . . . . . . . . . . . . . . . 2 29 ,0 09 — — 5 4, 08 4 4 7, 77 5 33 0, 86 8
R es tr ic te d in ve st m en ts . . . . . . . . . . . . . . . . . . . . 1 5, 02 9 — — — — 1 5, 02 9
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 24 4, 89 4 $ — $
— $ 5 4, 37 7 $ 4 9, 15 3 $
34 8, 42 4
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . . . . . $ 5, 09 2 $ — $
— $ 2, 17 0 $
— $
7, 26 2
O ve ra ge s du e to t ax pa ye rs . . . . . . . . . . . . . . . . . . . 2 8 — — 4 07 2 4 37
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ,1 20 — — 2 ,5 77 2 7 ,6 99
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
D E F E R R E D IN F L O W S O F R E S O U R C E S :
O th er d ef er re d in fl ow
s of r es ou rc es
. . . . . . . . . . . 18 0, 20 8 — — 2 9, 59 7 2 9, 18 3 23 8, 98 8
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
F U N D B A L A N C E S :
S pe nd ab le :
A ss ig ne d:
O
pe ra ti on s . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ,3 47 — — — — 1 5, 34 7
U na ss ig ne d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4, 21 9 — — 2 2, 20 3 1 9, 96 8 8 6, 39 0
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al f un d ba la nc es
. . . . . . . . . . . . . . . . . . 59 ,5 66 — — 2 2, 20 3 1 9, 96 8 10 1, 73 7
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al l ia bi li ti es , d ef er re d in fl ow
s of r es ou rc es
an d fu nd b al an ce s . . . . . . . . . . . . . . . . . . . . . . . . . $ 24 4, 89 4 $ — $ — $
54 ,3 77 $ 4 9, 15 3 $ 34 8, 42 4
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 17
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 5
(i n th ou sa nd s)
161
T ot al
N Y C T L 1 99 8- 2 N Y C T L 2 01 2- A N Y C T L 2 01 3- A N Y C T L 2 01 4- A N ew Y or k C it y
T R U S T T R U S T T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ __
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . . . . . $
1, 01 3 $
95 $
49 3 $
1, 29 7 $
2, 89 8
A cc ou nt s re ce iv ab le :
T ax l ie ns r ec ei va bl e, n et . . . . . . . . . . . . . . . . . . 1 80 ,0 81 3 5, 97 6 8 2, 87 3 6 6, 16 0 36 5, 09 0
R es tr ic te d in ve st m en ts . . . . . . . . . . . . . . . . . . . . 1 3, 04 6 — — — 1 3, 04 6
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
19 4, 14 0 $
36 ,0 71 $
83 ,3 66 $
67 ,4 57 $
38 1, 03 4
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . . . . . $
3, 36 2 $
72 3 $
1, 25 3 $ — $
5, 33 8
O ve ra ge s du e to t ax pa ye rs . . . . . . . . . . . . . . . . . . . (9 8) 2 50 4 59 1 6 12
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ,2 64 9 73 1 ,7 12 1 5 ,9 50
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
D E F E R R E D IN F L O W S O F R E S O U R C E S :
O th er d ef er re d in fl ow
s of r es ou rc es
. . . . . . . . . . . 15 3, 84 9 2 5, 45 1 5 2, 01 5 4 0, 94 0 27 2, 25 5
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
F U N D B A L A N C E S :
S pe nd ab le :
A ss ig ne d:
O pe ra ti on s . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 ,0 27 9 ,6 47 2 9, 63 9 2 6, 51 6 10 2, 82 9
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
T ot al f un d ba la nc es
. . . . . . . . . . . . . . . . . . 37 ,0 27 9 ,6 47 2 9, 63 9 2 6, 51 6 10 2, 82 9
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
T ot al l ia bi li ti es , d ef er re d in fl ow
s of r es ou rc es
an d fu nd b al an ce s . . . . . . . . . . . . . . . . . . . . . . . . . $
19 4, 14 0 $
36 ,0 71 $
83 ,3 66 $
67 ,4 57 $
38 1, 03 4
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
_ __ __ __ __ __ __ __ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 18
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G B A L A N C E S H E E T S C H E D U L E
JU N E 3 0, 2 01 4
(i n th ou sa nd s)
162
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 19
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
T ot al
N Y C T L 1 99 8- 2 N Y C T L 2 01 1- A N Y C T L 2 01 2- A N Y C T L 2 01 3- A N Y C T L 2 01 4- A N Y C T L 2 01 5- A N ew Y or k C it y
T R U S T T R U S T T R U S T T R U S T T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __
R E V E N U E S :
T ax li en s re ce iv ab le f ro m T he C it y of N ew Y or k . . .
$ 4, 81 2 $ — $
— $ — $ 3 6, 96 0 $
48 ,6 71 $
90 ,4 43
In ve st m en t in co m e . . . . . . . . . . . . . . . . . . . . . . . . .
82 ,7 41 —
3 ,5 51 7 ,9 42 9 ,5 42 6 57 1 04 ,4 33
O th er r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . . . . .
51 ,1 07 —
—
—
—
—
51 ,1 07
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . . .
13 8, 66 0 —
3 ,5 51 7 ,9 42 46 ,5 02 49 ,3 28 2 45 ,9 83
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . . . . . . . . . . . . . . . . .
13 7, 44 3 —
1 ,0 56 1 ,5 18 63 ,5 00 29 ,3 60 2 32 ,8 77
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al e xp en di tu re s . . . . . . . . . . . . . . . . . . . . . . .
13 7, 44 3 —
1 ,0 56 1 ,5 18 63 ,5 00 29 ,3 60 2 32 ,8 77
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
E xc es s (d ef ic ie nc y) of r ev en ue s ov er
ex pe nd it ur es . . . . . . . . . . . . . . . . . . . . . . . .
1, 21 7 —
2 ,4 95 6 ,4 24 ( 16 ,9 98 ) 1 9, 96 8 13 ,1 06
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m ( to ) N on m aj or D eb t S er vi ce F un ds . .
— —
( 4, 81 0) (2 2, 07 3) (8 2, 78 2) — (1 09 ,6 65 )
T ra ns fe rs fr om
( to ) ot he r N ew
Y or k C it y T ax
L ie n T ru st s . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 ,3 22 —
( 7, 33 2) (1 3, 99 0) — —
—
P ri nc ip al am
ou nt o f bo nd s is su ed
. . . . . . . . . . . . .
— —
—
—
95 ,4 79 —
95 ,4 79
B on d (d is co un t) . . . . . . . . . . . . . . . . . . . . . . . . . . .
— —
—
—
(1 2) — (1 2)
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al o th er f in an ci ng
so ur ce s (u se s)
. . . . . . . . .
21 ,3 22 —
( 12 ,1 42 ) (3 6, 06 3) 1 2, 68 5 —
( 14 ,1 98 )
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
N et c ha ng e in f un d ba la nc es . . . . . . . . . . . . . . . . . . .
22 ,5 39 —
( 9, 64 7) (2 9, 63 9) ( 4, 31 3) 1 9, 96 8 ( 1, 09 2)
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . . . . . . . . . .
37 ,0 27 —
9 ,6 47 29 ,6 39 26 ,5 16 —
1 02 ,8 29
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . . . . . . . . . . .
$ 59 ,5 66 $ — $ — $
— $ 2 2, 20 3 $
19 ,9 68 $
10 1, 73 7
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
163
T ot al
N Y C T L 1 99 8- 2 N Y C T L 2 01 1- A N Y C T L 2 01 2- A N Y C T L 2 01 3- A N Y C T L 2 01 4- A N ew Y or k C it y
T R U S T T R U S T T R U S T T R U S T T R U S T T ax L ie n T ru st s
_ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ _
R E V E N U E S :
T ax l ie ns r ec ei va bl e fr om
T he C it y of N ew
Y or k . $
45 ,9 64 $
— $
— $
42 ,2 15 $
67 ,3 47 $
15 5, 52 6
In ve st m en t in co m e . . . . . . . . . . . . . . . . . . . . . . . . . 7 1, 52 9 2 ,7 43 5 ,4 57 1 2, 52 4 1 ,0 05 9 3, 25 8
O th er r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2, 90 9 — — — — 1 2, 90 9
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al r ev en ue s . . . . . . . . . . . . . . . . . . . . . . . . . . 13 0, 40 2 2 ,7 43 5 ,4 57 5 4, 73 9 6 8, 35 2 26 1, 69 3
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
E X P E N D IT U R E S :
A dm
in is tr at iv e an d ot he r . . . . . . . . . . . . . . . . . . . . 1 46 ,7 68 3 50
( 7, 77 8) 76 ,5 96 4 1, 83 6 25 7, 77 2
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al e xp en di tu re s . . . . . . . . . . . . . . . . . . . . . . . 14 6, 76 8 3 50
( 7, 77 8) 76 ,5 96 4 1, 83 6 25 7, 77 2
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
E xc es s (d ef ic ie nc y) o f re ve nu es o ve r
ex pe nd it ur es . . . . . . . . . . . . . . . . . . . . . . . . ( 16 ,3 66 ) 2 ,3 93 1 3, 23 5 (2 1, 85 7) 26 ,5 16 3 ,9 21
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
O T H E R F IN A N C IN G S O U R C E S (U S E S ):
T ra ns fe rs f ro m ( to ) N on m aj or D eb t S er vi ce F un ds . . — —
(2 0, 86 5) —
—
(2 0, 86 5)
T ra ns fe rs f ro m ( to ) ot he r N ew
Y or k C it y T ax
L ie n T ru st s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0, 46 1 (2 0, 46 1) —
(7 2, 44 4) —
(7 2, 44 4)
P ri nc ip al a m ou nt o f bo nd s is su ed
. . . . . . . . . . . . . —
— — 9 1, 36 6 — 9 1, 36 6
B on d (d is co un t) . . . . . . . . . . . . . . . . . . . . . . . . . . . —
— —
(4 ) —
(4 )
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
T ot al o th er f in an ci ng s ou rc es ( us es ) . . . . . . . . . 20 ,4 61
(2 0, 46 1) ( 20 ,8 65 ) 18 ,9 18 —
( 1, 94 7)
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
N et c ha ng e in f un d ba la nc es . . . . . . . . . . . . . . . . . . . 4 ,0 95
(1 8, 06 8) ( 7, 63 0) ( 2, 93 9) 26 ,5 16 1 ,9 74
F U N D B A L A N C E S A T B E G IN N IN G O F Y E A R . . . . . . . . . . . 3 2, 93 2 1 8, 06 8 1 7, 27 7 3 2, 57 8 — 10 0, 85 5
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
F U N D B A L A N C E S A T E N D O F Y E A R . . . . . . . . . . . . . . . . $
37 ,0 27 $
— $
9, 64 7 $
29 ,6 39 $
26 ,5 16 $
10 2, 82 9
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
_ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -C — N on m aj or G ov er n m en ta l F u n d s— S ch ed u le N G F 20
T H E C IT Y O F N E W Y O R K
N O N M A JO R S P E C IA L R E V E N U E F U N D S
N E W Y O R K C IT Y T A X L IE N T R U S T S
C O M B IN IN G S C H E D U L E O F R E V E N U E S , E X P E N D IT U R E S , A N D C H A N G E S I N F U N D B A L A N C E S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
The City of New York
Comprehensive Annual Financial Report
of the Comptroller
SUPPLEMENTARY INFORMATION
COMBINING FINANCIAL INFORMATION — FIDUCIARY FUNDS
Part II-D
Fiscal Year Ended June 30, 2015
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
Other Employee Benefit Trust Funds __________________________________ Deferred Compensation The New York City Plans Other Pension December 31, Postemployment Funds* 2014 Benefits Plan Total _______________ _______________ _________________ ______________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 161,429 $ 14,820 $ 897,653 $ 1,073,902 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,011,781 231,103 — 2,242,884 Investment securities sold . . . . . . . . . . . . . . . . . . . . . . 5,260,694 — — 5,260,694 Accrued interest and dividends . . . . . . . . . . . . . . . . . . 510,306 — 2,749 513,055 Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 — 205 216 ___________ ___________ ___________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,782,792 231,103 2,954 8,016,849 ___________ ___________ ___________ ___________ Investments: Fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66,235,609 — — 66,235,609 Short-term investments . . . . . . . . . . . . . . . . . . . . . . . . 5,898,713 — — 5,898,713 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,029,758 — 3,130,228 26,159,986 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,975,076 — — 37,975,076 Alternative investments . . . . . . . . . . . . . . . . . . . . . . . . 17,482,513 — — 17,482,513 Mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 10,204,567 — 10,204,567 Collective trust funds . . . . . . . . . . . . . . . . . . . . . . . . . . 31,509,882 — — 31,509,882 Collateral from securities lending transactions . . . . . . 11,188,889 — — 11,188,889 Guaranteed investment contracts . . . . . . . . . . . . . . . . . — 5,159,254 — 5,159,254 ___________ ___________ ___________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 193,320,440 15,363,821 3,130,228 211,814,489 ___________ ___________ ___________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187,325 2,732 222 190,279 ___________ ___________ ___________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201,451,986 15,612,476 4,031,057 221,095,519 ___________ ___________ ___________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . 940,616 6,239 524,822 1,471,677 Payable for investment securities purchased . . . . . . . . . . 10,207,496 — 109,711 10,317,207 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . 723,878 — — 723,878 Securities lending transactions . . . . . . . . . . . . . . . . . . . . 11,188,889 — — 11,188,889 Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,754 — — 1,754 ___________ ___________ ___________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,062,633 6,239 634,533 23,703,405 ___________ ___________ ___________ ___________ NET POSITION: Restricted for benefits to be provided by QPPs . . . . . . . 145,675,088 — — 145,675,088 Restricted for benefits to be provided by VSFs . . . . . . . 3,775,111 — — 3,775,111 Restricted for benefits to be provided by TDA program . . . 28,939,154 — — 28,939,154 Restricted for other employee benefits . . . . . . . . . . . . . . — 15,606,237 3,396,524 19,002,761 ___________ ___________ ___________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . . . $178,389,353 $15,606,237 $3,396,524 $197,392,114 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
168
THE CITY OF NEW YORK PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS COMBINING STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2015 (in thousands)
Other Employee Benefit Trust Funds __________________________________ Deferred Compensation The New York City Plans Other Pension December 31, Postemployment Funds* 2013 Benefits Plan Total _______________ _______________ _________________ ______________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 252,309 $ 14,439 $1,125,586 $ 1,392,334 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,008,938 219,445 — 2,228,383 Investment securities sold . . . . . . . . . . . . . . . . . . . . . . 5,411,629 — — 5,411,629 Accrued interest and dividends . . . . . . . . . . . . . . . . . . 486,841 — 328 487,169 Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 — 272 288 ___________ ___________ ___________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,907,424 219,445 600 8,127,469 ___________ ___________ ___________ ___________ Investments: Fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,161,348 — — 64,161,348 Short-term investments . . . . . . . . . . . . . . . . . . . . . . . . 4,281,436 — — 4,281,436 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,807,294 — 1,811,563 22,618,857 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,917,755 — — 41,917,755 Alternative investments . . . . . . . . . . . . . . . . . . . . . . . . 16,803,357 — — 16,803,357 Mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,254 9,262,627 — 9,288,881 Collective trust funds . . . . . . . . . . . . . . . . . . . . . . . . . . 30,541,183 — — 30,541,183 Collateral from securities lending transactions . . . . . . 16,618,377 — — 16,618,377 Guaranteed investment contracts . . . . . . . . . . . . . . . . . — 5,057,209 — 5,057,209 ___________ ___________ ___________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 195,157,004 14,319,836 1,811,563 211,288,403 ___________ ___________ ___________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,538 1,175 43 93,756 ___________ ___________ ___________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203,409,275 14,554,895 2,937,792 220,901,962 ___________ ___________ ___________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . 805,580 4,718 559,649 1,369,947 Payable for investment securities purchased . . . . . . . . . . 9,952,997 — — 9,952,997 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . 636,319 — — 636,319 Securities lending transactions . . . . . . . . . . . . . . . . . . . . 16,623,227 — — 16,623,227 Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,484 — — 1,484 ___________ ___________ ___________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,019,607 4,718 559,649 28,583,974 ___________ ___________ ___________ ___________ NET POSITION: Restricted for benefits to be provided by QPPs . . . . . . . 144,537,893 — — 144,537,893 Restricted for benefits to be provided by VSFs . . . . . . . 3,540,824 — — 3,540,824 Restricted for benefits to be provided by TDA program . . 27,310,951 — — 27,310,951 Restricted for other employee benefits . . . . . . . . . . . . . . — 14,550,177 2,378,143 16,928,320 ___________ ___________ ___________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . . . $175,389,668 $14,550,177 $2,378,143 $192,317,988 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
THE CITY OF NEW YORK PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS COMBINING STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2014 (in thousands)
169
Other Employee Benefit Trust Funds __________________________________ Deferred Compensation The New York City Plans Other Pension December 31, Postemployment Funds* 2014 Benefits Plan Total _______________ _______________ _________________ ______________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,752,458 $ 773,269 $ — $ 2,525,727 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . 9,986,767 — 3,135,897 13,122,664 Other employer contributions . . . . . . . . . . . . . . . . . . . 55,521 — — 55,521 ___________ ___________ ___________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . 11,794,746 773,269 3,135,897 15,703,912 ___________ ___________ ___________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,991,785 126,421 10,030 2,128,236 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,832,442 — — 2,832,442 Net appreciation in fair value of investments . . . . . . . 631,087 784,761 — 1,415,848 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . (708,866) (32,748) — (741,614) ___________ ___________ ___________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . 4,746,448 878,434 10,030 5,634,912 ___________ ___________ ___________ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . 82,478 — — 82,478 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . (5,353) — — (5,353) ___________ ___________ ___________ ___________ Net securities lending income . . . . . . . . . . . . . . . . . 77,125 — — 77,125 ___________ ___________ ___________ ___________ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,713 — — 2,713 ___________ ___________ ___________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,621,032 1,651,703 3,145,927 21,418,662 ___________ ___________ ___________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . 13,443,504 582,006 2,127,022 16,152,532 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . 170,701 13,637 524 184,862 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,142 — — 7,142 ___________ ___________ ___________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,621,347 595,643 2,127,546 16,344,536 ___________ ___________ ___________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . . . . 2,999,685 1,056,060 1,018,381 5,074,126 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175,389,668 14,550,177 2,378,143 192,317,988 ___________ ___________ ___________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $178,389,353 $15,606,237 $3,396,524 $197,392,114 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
170
THE CITY OF NEW YORK PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
Other Employee Benefit Trust Funds __________________________________ Deferred Compensation The New York City Plans Other Pension December 31, Postemployment Funds* 2013 Benefits Plan Total _______________ _______________ _________________ ______________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,680,232 $ 735,396 $ — $ 2,415,628 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . 9,618,218 — 3,114,329 12,732,547 Other employer contributions . . . . . . . . . . . . . . . . . . . 55,730 — — 55,730 ___________ ___________ ___________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . 11,354,180 735,396 3,114,329 15,203,905 ___________ ___________ ___________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,953,632 142,099 8,207 2,103,938 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,374,721 — — 2,374,721 Net appreciation in fair value of investments . . . . . . . 22,950,337 2,077,933 — 25,028,270 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . (530,151) (30,471) — (560,622) ___________ ___________ ___________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . 26,748,539 2,189,561 8,207 28,946,307 ___________ ___________ ___________ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . 33,813 — — 33,813 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . (9,367) — — (9,367) ___________ ___________ ___________ ___________ Net securities lending income . . . . . . . . . . . . . . . . . 24,446 — — 24,446 ___________ ___________ ___________ ___________ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (129,246) — — (129,246) ___________ ___________ ___________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,997,919 2,924,957 3,122,536 44,045,412 ___________ ___________ ___________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . 12,733,668 503,441 2,107,092 15,344,201 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . 143,418 13,580 373 157,371 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,228 — — 7,228 ___________ ___________ ___________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,884,314 517,021 2,107,465 15,508,800 ___________ ___________ ___________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . . . . 25,113,605 2,407,936 1,015,071 28,536,612 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,276,063 12,142,241 1,363,072 163,781,376 ___________ ___________ ___________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $175,389,668 $14,550,177 $2,378,143 $192,317,988 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
THE CITY OF NEW YORK PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
171
New York City Board of New York Employees’ Teachers’ Education City Police New York Retirement Retirement Retirement Pension City Fire System System System Funds Pension Funds Total ________________________ _______________________ _____________________ ________________________ __________________________ _________________________
ASSETS: Cash and cash equivalents . . . . . . . . . $ 44,296 $ 25,990 $ 18,055 $ 52,320 $ 20,768 $ 161,429 Receivables: Member loans . . . . . . . . . . . . . . . . . 1,027,069 618,116 81,184 256,288 29,124 2,011,781 Investment securities sold . . . . . . . . 1,639,525 2,856,517 55,004 521,013 188,635 5,260,694 Accrued interest and dividends . . . . 267,572 158,439 829 63,697 19,769 510,306 Other receivables . . . . . . . . . . . . . . 11 — — — — 11 __________ __________ _________ __________ __________ ___________ Total receivables . . . . . . . . . . . . . 2,934,177 3,633,072 137,017 840,998 237,528 7,782,792 __________ __________ _________ __________ __________ ___________ Investments: Fixed return funds . . . . . . . . . . . . . . — 61,802,772 4,432,837 — — 66,235,609 Short-term investments . . . . . . . . . . 2,673,869 141,023 5,570 2,354,399 723,852 5,898,713 Debt securities . . . . . . . . . . . . . . . . 12,231,677 558,889 10,314 7,622,814 2,606,064 23,029,758 Equity securities . . . . . . . . . . . . . . . 18,188,567 10,724,984 449,889 6,668,018 1,943,618 37,975,076 Alternative investments . . . . . . . . . 9,824,907 — — 5,770,380 1,887,226 17,482,513 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . 3,258,890 — — 1,838,110 827,186 5,924,186 Domestic equity . . . . . . . . . . . . . . . — — — 5,940,312 1,951,729 7,892,041 International equity . . . . . . . . . . . . . 9,501,921 — — 6,030,187 2,161,547 17,693,655 Collateral from securities lending transactions . . . . . . . . . . . . . . . . . . . 4,789,313 2,438,758 331,742 2,792,751 836,325 11,188,889 __________ __________ _________ __________ __________ ___________ Total investments . . . . . . . . . . . . . 60,469,144 75,666,426 5,230,352 39,016,971 12,937,547 193,320,440 __________ __________ _________ __________ __________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . 140,813 3,681 22,356 14,879 5,596 187,325 __________ __________ _________ __________ __________ ___________ Total assets . . . . . . . . . . . . . . . . . 63,588,430 79,329,169 5,407,780 39,925,168 13,201,439 201,451,986 __________ __________ _________ __________ __________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . 142,088 481,746 7,989 233,964 74,829 940,616
Payable for investment securities purchased . . . . . . . . . . . . . . . . . . . . 3,368,991 4,709,879 91,175 1,445,424 592,027 10,207,496
Accrued benefits payable . . . . . . . . . . 257,254 110,539 11,506 294,500 50,079 723,878 Securities lending transactions . . . . . . 4,789,313 2,438,758 331,742 2,792,751 836,325 11,188,889 Other liabilities . . . . . . . . . . . . . . . . . . 1,754 — — — — 1,754 __________ __________ _________ __________ __________ ___________ Total liabilities . . . . . . . . . . . . . . . 8,559,400 7,740.922 442,412 4,766,639 1,553,260 23,062,633 __________ __________ _________ __________ __________ ___________ NET POSITION: Restricted for benefits to be provided by QPPs . . . . . . . . . . . . . . 54,889,324 44,254,665 3,359,796 32,355,973 10,815,330 145,675,088
Restricted for benefits to be provided by VSFs . . . . . . . . . . . . . . 139,706 — — 2,802,556 832,849 3,775,111
Restricted for benefits to be provided by TDA program . . . . . . . — 27,333,582 1,605,572 — — 28,939,154 __________ __________ _________ __________ __________ ___________
Total net position . . . . . . . . . . . . . $55,029,030 $71,588,247 $4,965,368 $35,158,529 $11,648,179 $178,389,353 __________ __________ _________ __________ __________ ___________ __________ __________ _________ __________ __________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
172
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F1
THE CITY OF NEW YORK PENSION TRUST FUNDS*
COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2015 (in thousands)
New York City Board of New York Employees’ Teachers’ Education City Police New York Retirement Retirement Retirement Pension City Fire System System System Funds Pension Funds Total ________________________ _______________________ _____________________ ________________________ __________________________ _________________________
ASSETS: Cash and cash equivalents . . . . . . . . . $ 90,850 $ 77,349 $ 11,805 $ 50,387 $ 21,918 $ 252,309 Receivables: Member loans . . . . . . . . . . . . . . . . . 1,058,426 589,201 77,069 255,808 28,434 2,008,938 Investment securities sold . . . . . . . . 1,389,323 2,993,708 185,119 606,996 236,483 5,411,629 Accrued interest and dividends . . . . 259,370 145,970 577 60,730 20,194 486,841 Other receivables . . . . . . . . . . . . . . 16 — — — — 16 __________ __________ _________ __________ __________ ___________ Total receivables . . . . . . . . . . . . . 2,707,135 3,728,879 262,765 923,534 285,111 7,907,424 __________ __________ _________ __________ __________ ___________ Investments: Fixed return funds . . . . . . . . . . . . . . — 59,881,566 4,279,782 — — 64,161,348 Short-term investments . . . . . . . . . . 2,310,548 141,098 5,161 1,302,542 522,087 4,281,436 Debt securities . . . . . . . . . . . . . . . . 11,043,530 590,661 10,055 7,053,821 2,109,227 20,807,294 Equity securities . . . . . . . . . . . . . . . 20,010,747 11,185,676 435,423 7,882,275 2,403,634 41,917,755 Alternative investments . . . . . . . . . 9,630,142 — — 5,411,415 1,761,800 16,803,357 Mutual funds—international equity . . — — — — 26,254 26,254 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . 2,927,243 — — 1,796,458 815,841 5,539,542 Domestic equity . . . . . . . . . . . . . . . — — — 5,949,347 1,905,476 7,854,823 International equity . . . . . . . . . . . . . 9,186,090 — — 5,794,519 2,166,209 17,146,818 Collateral from securities lending transactions . . . . . . . . . . . . . . . . . . . 5,653,563 5,739,575 429,532 3,745,971 1,049,736 16,618,377 __________ __________ _________ __________ __________ ___________ Total investments . . . . . . . . . . . . . 60,761,863 77,538,576 5,159,953 38,936,348 12,760,264 195,157,004 __________ __________ _________ __________ __________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . 42,940 12,901 17,773 13,678 5,246 92,538 __________ __________ _________ __________ __________ ___________ Total assets . . . . . . . . . . . . . . . . . 63,602,788 81,357,705 5,452,296 39,923,947 13,072,539 203,409,275 __________ __________ _________ __________ __________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . . . . . . . . . . 133,798 469,379 14,825 141,773 45,805 805,580 Payable for investment securities purchased . . . . . . . . . . . . . . . . . . . . 2,960,761 4,711,075 277,646 1,500,827 502,688 9,952,997 Accrued benefits payable . . . . . . . . . . 241,504 72,675 13,566 261,905 46,669 636,319 Securities lending transactions . . . . . . 5,655,314 5,741,147 429,532 3,746,792 1,050,442 16,623,227 Other liabilities . . . . . . . . . . . . . . . . . . 1,484 — — — — 1,484 __________ __________ _________ __________ __________ ___________ Total liabilities . . . . . . . . . . . . . . . 8,992,861 10,994,276 735,569 5,651,297 1,645,604 28,019,607 __________ __________ _________ __________ __________ ___________ NET POSITION: Restricted for benefits to be provided by QPPs . . . . . . . . . . . . . . 54,421,958 44,489,940 3,279,265 31,750,892 10,595,838 144,537,893 Restricted for benefits to be provided by VSFs . . . . . . . . . . . . . . 187,969 — — 2,521,758 831,097 3,540,824 Restricted for benefits to be provided by TDA program . . . . . . . — 25,873,489 1,437,462 — — 27,310,951 __________ __________ _________ __________ __________ ___________ Total net position . . . . . . . . . . . . . $54,609,927 $70,363,429 $4,716,727 $34,272,650 $11,426,935 $175,389,668 __________ __________ _________ __________ __________ ___________ __________ __________ _________ __________ __________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F2
THE CITY OF NEW YORK PENSION TRUST FUNDS*
COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2014 (in thousands)
173
New York City Board of New York New York Employees’ Teachers’ Education City Police City Fire Retirement Retirement Retirement Pension Pension System System System Funds Funds Total _______________________ _______________________ _____________________ ________________________ _____________________ _________________________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . $ 467,129 $ 821,191 $ 114,454 $ 241,102 $ 108,582 $ 1,752,458 Employer contributions . . . . . . . . . 3,160,258 3,270,007 258,099 2,309,619 988,784 9,986,767 Other employer contributions . . . . . — 55,521 — — — 55,521 __________ __________ _________ __________ __________ ___________ Total contributions . . . . . . . . . . . 3,627,387 4,146,719 372,553 2,550,721 1,097,366 11,794,746 __________ __________ _________ __________ __________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . 635,757 791,153 40,009 402,092 122,774 1,991,785 Dividend income . . . . . . . . . . . . . . . 795,259 1,016,098 51,814 730,243 239,028 2,832,442 Net (depreciation) appreciation in
fair value of investments . . . . . . . (50,658) 422,297 116,300 139,762 3,386 631,087 Investment expenses . . . . . . . . . . . . (231,760) (205,719) (10,851) (192,509) (68,027) (708,866) __________ __________ _________ __________ __________ ___________ Investment income, net . . . . . . . . 1,148,598 2,023,829 197,272 1,079,588 297,161 4,746,448 __________ __________ _________ __________ __________ ___________ Securities lending transactions: Securities lending income . . . . . . . . 28,196 25,524 3,050 19,927 5,781 82,478 Securities lending fees . . . . . . . . . . (1,685) (1,792) (206) (1,295) (375) (5,353) __________ __________ _________ __________ __________ ___________ Net securities lending income . . . 26,511 23,732 2,844 18,632 5,406 77,125 __________ __________ _________ __________ __________ ___________ Other . . . . . . . . . . . . . . . . . . . . . . . . 4,140 329 (47,573) 4,616 41,201 2,713 __________ __________ _________ __________ __________ ___________ Total additions . . . . . . . . . . . . . . . 4,806,636 6,194,609 525,096 3,653,557 1,441,134 16,621,032 __________ __________ _________ __________ __________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . 4,325,756 4,885,617 262,466 2,749,775 1,219,890 13,443,504 Administrative expenses . . . . . . . . . . . 54,635 84,174 13,989 17,903 — 170,701 Other . . . . . . . . . . . . . . . . . . . . . . . . . . 7,142 — — — — 7,142 __________ __________ _________ __________ __________ ___________ Total deductions . . . . . . . . . . . . . 4,387,533 4,969,791 276,455 2,767,678 1,219,890 13,621,347 __________ __________ _________ __________ __________ ___________ Net increase in net position . . . . . . . . 419,103 1,224,818 248,641 885,879 221,244 2,999,685 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . 54,609,927 70,363,429 4,716,727 34,272,650 11,426,935 175,389,668 __________ __________ _________ __________ __________ ___________ End of year . . . . . . . . . . . . . . . . . . . $55,029,030 $71,588,247 $4,965,368 $35,158,529 $11,648,179 $178,389,353 __________ __________ _________ __________ __________ ___________ __________ __________ _________ __________ __________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
174
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F3
THE CITY OF NEW YORK PENSION TRUST FUNDS*
COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
New York City Board of New York New York Employees’ Teachers’ Education City Police City Fire Retirement Retirement Retirement Pension Pension System System System Funds Funds Total _______________________ _______________________ _____________________ ________________________ _____________________ _________________________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . $ 447,689 $ 793,941 $ 100,960 $ 228,783 $ 108,859 $ 1,680,232 Employer contributions . . . . . . . . . 3,114,068 2,998,694 214,590 2,320,910 969,956 9,618,218 Other employer contributions . . . . . — 55,730 — — — 55,730 __________ __________ _________ __________ __________ ___________ Total contributions . . . . . . . . . . . 3,561,757 3,848,365 315,550 2,549,693 1,078,815 11,354,180 __________ __________ _________ __________ __________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . 658,691 742,961 47,198 378,344 126,438 1,953,632 Dividend income . . . . . . . . . . . . . . . 739,163 970,861 65,626 447,569 151,502 2,374,721 Net appreciation in fair value of investments . . . . . . . . . . . . . . . 6,688,980 9,515,116 856,022 4,435,137 1,455,082 22,950,337 Investment expenses . . . . . . . . . . . . (184,611) (169,736) (12,171) (120,830) (42,803) (530,151) __________ __________ _________ __________ __________ ___________ Investment income, net . . . . . . . . 7,902,223 11,059,202 956,675 5,140,220 1,690,219 26,748,539 __________ __________ _________ __________ __________ ___________ Securities lending transactions: Securities lending income . . . . . . . . 10,251 9,594 1,084 8,443 4,441 33,813 Securities lending fees . . . . . . . . . . (1,450) (1,479) (83) (1,180) (5,175) (9,367) __________ __________ _________ __________ __________ ___________ Net securities lending income
(expense) . . . . . . . . . . . . . . . . . 8,801 8,115 1,001 7,263 (734) 24,446 __________ __________ _________ __________ __________ ___________ Other . . . . . . . . . . . . . . . . . . . . . . . . 4,648 404 (181,189) 6,911 39,980 (129,246) __________ __________ _________ __________ __________ ___________ Total additions . . . . . . . . . . . . . . . 11,477,429 14,916,086 1,092,037 7,704,087 2,808,280 37,997,919 __________ __________ _________ __________ __________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . 4,040,445 4,575,560 254,725 2,691,609 1,171,329 12,733,668 Administrative expenses . . . . . . . . . . . 50,431 63,230 12,307 17,450 — 143,418 Other . . . . . . . . . . . . . . . . . . . . . . . . . . 7,228 — — — — 7,228 __________ __________ _________ __________ __________ ___________ Total deductions . . . . . . . . . . . . . 4,098,104 4,638,790 267,032 2,709,059 1,171,329 12,884,314 __________ __________ _________ __________ __________ ___________ Net increase in net position . . . . . . . . 7,379,325 10,277,296 825,005 4,995,028 1,636,951 25,113,605 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . 47,230,602 60,086,133 3,891,722 29,277,622 9,789,984 150,276,063 __________ __________ _________ __________ __________ ___________ End of year . . . . . . . . . . . . . . . . . . . $54,609,927 $70,363,429 $4,716,727 $34,272,650 $11,426,935 $175,389,668 __________ __________ _________ __________ __________ ___________ __________ __________ _________ __________ __________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F4
THE CITY OF NEW YORK PENSION TRUST FUNDS*
COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
175
176
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15
P ar t II -D — F id u ci ar y F u n d s— S ch ed u le F 5
T H E C IT Y O F N E W Y O R K
P E N S IO N T R U S T F U N D S *
N E W Y O R K C IT Y E M P L O Y E E S ’ R E T IR E M E N T S Y S T E M
C O M B IN IN G S C H E D U L E O F F ID U C IA R Y N E T P O S IT IO N
JU N E 3 0, 2 01 5
(i n th ou sa nd s)
T ot al
N ew Y or k C it y
N Y C E R S V ar ia b le S u p p le m en ts F u n d s (V S F s) E m p lo ye es ’
Q u al if ie d P en si on __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ R et ir em en t
P la n (Q P P ) T P O V S F T P S O V S F H P O V S F H P S O V S F C O V S F E li m in at io n s S ys te m
___ ___ ___ ___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . . . . . . . . . . . $
40 ,5 48
$
16 $
33 $
30 $
38 $ 3, 63 1 $
— $ 4 4, 29 6
R ec ei va bl es :
M
em be r lo an s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,0 27 ,0 69
—
—
—
—
—
—
1 ,0 27 ,0 69
I nv es tm en t se cu ri ti es s ol d . . . . . . . . . . . . . . . . . . . . . . . 1 ,6 39 ,5 25
—
—
—
—
—
—
1 ,6 39 ,5 25
A
cc ru ed i nt er es t an d di vi de nd s . . . . . . . . . . . . . . . . . . . 26 7, 57 0 —
—
—
—
2 —
2 67 ,5 72
O
th er r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
—
—
—
1 1 0 —
1 1
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . . . . —
—
—
—
—
49 ,0 00 ( 49 ,0 00 ) —
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
T ot al r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 93 4, 16 4 —
—
—
1 49 ,0 12 ( 49 ,0 00 ) 2 ,9 34 ,1 77
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
I nv es tm en ts :
S ho rt -t er m i nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . 2, 54 7, 11 3 —
—
—
—
1 26 ,7 56
—
2 ,6 73 ,8 69
D
eb t se cu ri ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ,2 31 ,6 77
—
—
—
—
—
—
1 2, 23 1, 67 7
E qu it y se cu ri ti es
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 8, 18 8, 56 7 —
—
—
—
—
—
1 8, 18 8, 56 7
A
lt er na ti ve i nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . 9, 82 4, 90 7 —
—
—
—
—
—
9 ,8 24 ,9 07
C
ol le ct iv e tr us t fu nd s:
D eb t se cu ri ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 25 8, 89 0 —
—
—
—
—
—
3 ,2 58 ,8 90
In te rn at io na l eq ui ty . . . . . . . . . . . . . . . . . . . . . . . . . . 9 ,5 01 ,9 21
—
—
—
—
—
—
9 ,5 01 ,9 21
C
ol la te ra l fr om
s ec ur it ie s le nd in g tr an sa ct io ns . . . . . . . 4, 78 9, 31 3 —
—
—
—
—
—
4 ,7 89 ,3 13
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
T ot al i nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 0, 34 2, 38 8 —
—
—
—
1 26 ,7 56
—
6 0, 46 9, 14 4
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
D ue f ro m Q P P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
2 ,0 19
1 ,5 30
1 ,0 44
1 ,3 54
—
( 5, 94 7) —
O th er a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 0, 81 3 —
—
—
—
—
—
1 40 ,8 13
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 ,4 57 ,9 13
2 ,0 35
1 ,5 63
1 ,0 74
1 ,3 93
1 79 ,3 99 ( 54 ,9 47 ) 63 ,5 88 ,4 30
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . . . . . . . . . . . 14 2, 06 7 2 1 —
—
—
—
—
1 42 ,0 88
P ay ab le f or i nv es tm en t se cu ri ti es p ur ch as ed . . . . . . . . . . . 3 ,3 68 ,9 91
—
—
—
—
—
—
3 ,3 68 ,9 91
A cc ru ed b en ef it s pa ya bl e . . . . . . . . . . . . . . . . . . . . . . . . . 21 1, 51 7 2 ,0 14
1 ,5 63
1 ,0 74
1 ,3 93
39 ,6 93
—
2 57 ,2 54
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . . . . . . 4 9, 00 0 —
—
—
—
—
( 49 ,0 00 ) —
D ue t o V S F s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5, 94 7 —
—
—
—
—
( 5, 94 7) —
S ec ur it ie s le nd in g tr an sa ct io ns
. . . . . . . . . . . . . . . . . . . . . 4, 78 9, 31 3 —
—
—
—
—
—
4 ,7 89 ,3 13
O th er l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,7 54
—
—
—
—
—
—
1 ,7 54
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8, 56 8, 58 9 2 ,0 35
1 ,5 63
1 ,0 74
1 ,3 93
39 ,6 93 ( 54 ,9 47 ) 8 ,5 59 ,4 00
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
N E T P O S IT IO N :
R es tr ic te d fo r be ne fi ts t o be
pr ov id ed b y Q P P . . . . . . . . . 5 4, 88 9, 32 4 —
—
—
—
—
—
5 4, 88 9, 32 4
R es tr ic te d fo r be ne fi ts t o be
pr ov id ed b y V S F s . . . . . . . . —
—
—
—
—
1 39 ,7 06
—
1 39 ,7 06
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
T ot al ne t po si ti on . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 54 ,8 89 ,3 24
$
— $
— $
— $
— $ 13 9, 70 6 $
— $5 5, 02 9, 03 0
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
_ __ __ __ __ __ __ __ __ ___ ___ ___ ___ __ ___ ___ ___ _ _ ___ __ __ __ __ _ ___ ___ __ __ ___ ___ ___ __ __ ___ ___ ___ _ __ __ __ __ __ __ __ __ _
* In cl ud es V S F s an d T D A s, w hi ch a re n ot p en si on f un ds o r re ti re m en t sy st em
s un de r A C N Y .
177
T ot al
N ew Y or k C it y
N Y C E R S V ar ia b le S u p p le m en ts F u n d s (V S F s) E m p lo ye es ’
Q u al if ie d P en si on _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ R et ir em en t
P la n (Q P P ) T P O V S F T P S O V S F H P O V S F H P S O V S F C O V S F E li m in at io n s S ys te m
___ ___ ___ ___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . . . . . . . . . . . $
90 ,5 34
$ 2 2 $
26 $ 1 3 $ 30
$
22 5 $
— $
90 ,8 50
R ec ei va bl es :
M
em be r lo an s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,0 58 ,4 26
—
—
—
—
—
—
1 ,0 58 ,4 26
I nv es tm en t se cu ri ti es s ol d . . . . . . . . . . . . . . . . . . . . . . . 1 ,3 89 ,3 23
—
—
—
—
—
—
1 ,3 89 ,3 23
A
cc ru ed i nt er es t an d di vi de nd s . . . . . . . . . . . . . . . . . . . 25 9, 36 9 —
—
—
—
1 —
2 59 ,3 70
O
th er r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
1 —
—
5 1 0 —
1 6
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . . . . —
—
—
—
—
1 90 ,0 00 (1 90 ,0 00 ) —
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
T ot al r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 70 7, 11 8 1 —
—
5 1 90 ,0 11 (1 90 ,0 00 ) 2 ,7 07 ,1 35
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
I nv es tm en ts :
S ho rt -t er m i nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . 2, 27 4, 80 1 —
—
—
—
35 ,7 47
—
2 ,3 10 ,5 48
D
eb t se cu ri ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ,0 43 ,5 30
—
—
—
—
—
—
1 1, 04 3, 53 0
E qu it y se cu ri ti es
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0, 01 0, 74 7 —
—
—
—
—
—
2 0, 01 0, 74 7
A
lt er na ti ve i nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . 9, 63 0, 14 2 —
—
—
—
—
—
9 ,6 30 ,1 42
C
ol le ct iv e tr us t fu nd s:
D eb t se cu ri ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 92 7, 24 3 —
—
—
—
—
—
2 ,9 27 ,2 43
In te rn at io na l eq ui ty . . . . . . . . . . . . . . . . . . . . . . . . . . 9 ,1 86 ,0 90
—
—
—
—
—
—
9 ,1 86 ,0 90
C
ol la te ra l fr om
s ec ur it ie s le nd in g tr an sa ct io ns . . . . . . . 5, 65 3, 56 3 —
—
—
—
—
—
5 ,6 53 ,5 63
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
T ot al i nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 0, 72 6, 11 6 —
—
—
—
35 ,7 47
—
6 0, 76 1, 86 3
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
D ue f ro m Q P P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
2 ,0 34
1 ,5 40
1 ,0 65
1 ,3 87
—
( 6, 02 6) —
O th er a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2, 94 0 —
—
—
—
—
—
42 ,9 40
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 ,5 66 ,7 08
2 ,0 57
1 ,5 66
1 ,0 78
1 ,4 22
2 25 ,9 83 (1 96 ,0 26 ) 63 ,6 02 ,7 88
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . . . . . . . . . . . 13 3, 79 8 —
—
—
—
—
—
1 33 ,7 98
P ay ab le f or i nv es tm en t se cu ri ti es p ur ch as ed . . . . . . . . . . . 2 ,9 60 ,7 61
—
—
—
—
—
—
2 ,9 60 ,7 61
A cc ru ed b en ef it s pa ya bl e . . . . . . . . . . . . . . . . . . . . . . . . . 19 7, 36 7 2 ,0 57
1 ,5 66
1 ,0 78
1 ,4 22
38 ,0 14
—
2 41 ,5 04
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . . . . . . 19 0, 00 0 —
—
—
—
—
(1 90 ,0 00 ) —
D ue t o V S F s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6, 02 6 —
—
—
—
—
( 6, 02 6) —
S ec ur it ie s le nd in g tr an sa ct io ns
. . . . . . . . . . . . . . . . . . . . . 5, 65 5, 31 4 —
—
—
—
—
—
5 ,6 55 ,3 14
O th er l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,4 84
—
—
—
—
—
—
1 ,4 84
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9, 14 4, 75 0 2 ,0 57
1 ,5 66
1 ,0 78
1 ,4 22
38 ,0 14 (1 96 ,0 26 ) 8 ,9 92 ,8 61
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
N E T P O S IT IO N :
R es tr ic te d fo r be ne fi ts t o be p ro vi de d by Q P P . . . . . . . . . 5 4, 42 1, 95 8 —
—
—
—
—
—
5 4, 42 1, 95 8
R es tr ic te d fo r be ne fi ts t o be p ro vi de d by V S F s . . . . . . . . —
—
—
—
—
1 87 ,9 69
—
1 87 ,9 69
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
T ot al n et p os it io n . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 54 ,4 21 ,9 58
$
— $
— $
— $
— $ 18 7, 96 9 $
— $5 4, 60 9, 92 7
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
_ __ __ __ __ __ __ __ __ __ ___ ___ ___ ___ _ ___ ___ ___ ___ _ __ __ __ __ __ __ _ ___ ___ __ ___ ___ ___ ___ _ __ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __
* In cl ud es V S F s an d T D A s, w hi ch a re n ot p en si on f un ds o r re ti re m en t sy st em
s un de r A C N Y .
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15
P ar t II -D — F id u ci ar y F u n d s— S ch ed u le F 6
T H E C IT Y O F N E W Y O R K
P E N S IO N T R U S T F U N D S *
N E W Y O R K C IT Y E M P L O Y E E S ’ R E T IR E M E N T S Y S T E M
C O M B IN IN G S C H E D U L E O F F ID U C IA R Y N E T P O S IT IO N
JU N E 3 0, 2 01 4
(i n th ou sa nd s)
178
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -D — F id u ci ar y F u n d s— S ch ed u le F 7
T H E C IT Y O F N E W Y O R K
P E N S IO N T R U S T F U N D S *
N E W Y O R K C IT Y E M P L O Y E E S ’ R E T IR E M E N T S Y S T E M
C O M B IN IN G S C H E D U L E O F C H A N G E S I N F ID U C IA R Y N E T P O S IT IO N
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
T ot al
N ew Y or k C it y
N Y C E R S V ar ia b le S u p p le m en ts F u n d s (V S F s) E m p lo ye es ’
Q u al if ie d P en si on __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ R et ir em en t
P la n (Q P P ) T P O V S F T P S O V S F H P O V S F H P S O V S F C O V S F E li m in at io n s S ys te m
___ ___ ___ ___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___
A D D IT IO N S :
C on tr ib ut io ns :
M
em be r co nt ri bu ti on s . . . . . . . . . . . . . . . . . . . . . $
46 7, 12 9 $
— $
— $
— $
— $
— $
— $ 4 67 ,1 29
E m pl oy er c on tr ib ut io ns
. . . . . . . . . . . . . . . . . . . . 3 ,1 60 ,2 58 —
—
—
—
—
—
3 ,1 60 ,2 58
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al c on tr ib ut io ns
3, 62 7, 38 7 —
—
—
—
—
—
3 ,6 27 ,3 87
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
In ve st m en t in co m e:
I nt er es t in co m e . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 5, 74 7 —
—
—
—
1 0 —
6 35 ,7 57
D iv id en d in co m e . . . . . . . . . . . . . . . . . . . . . . . . . 79 5, 25 9 —
—
—
—
—
—
7 95 ,2 59
N et de pr ec ia ti on
in f ai r va lu e of i nv es tm en ts . . . . ( 50 ,6 58 ) —
—
—
—
—
—
( 50 ,6 58 )
I nv es tm en t ex pe ns es . . . . . . . . . . . . . . . . . . . . . . . ( 23 1, 76 0) — —
—
—
—
—
(2 31 ,7 60 )
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
I nv es tm en t in co m e, n et . . . . . . . . . . . . . . . . . . . 1, 14 8, 58 8 —
—
—
—
1 0 —
1 ,1 48 ,5 98
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
S ec ur it ie s le nd in g tr an sa ct io ns :
S ec ur it ie s le nd in g in co m e . . . . . . . . . . . . . . . . . . 2 8, 19 6 —
—
—
—
—
—
2 8, 19 6
S ec ur it ie s le nd in g fe es . . . . . . . . . . . . . . . . . . . . . (1 ,6 85 ) —
—
—
—
—
—
( 1, 68 5)
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
N et s ec ur it ie s le nd in g in co m e . . . . . . . . . . . . . 2 6, 51 1 —
—
—
—
—
—
2 6, 51 1
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
P ay m en ts f ro m Q P P . . . . . . . . . . . . . . . . . . . . . . . . . — 4, 04 0 3 ,0 80 2, 10 0 2 ,6 86 1 2 ( 11 ,9 18 ) —
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . — —
—
—
—
3 0, 00 0 ( 30 ,0 00 ) —
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ,1 40 —
—
—
—
—
—
4, 14 0
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al a dd it io ns
. . . . . . . . . . . . . . . . . . . . . . . . . 4, 80 6, 62 6 4 ,0 40 3, 08 0 2 ,1 00 2, 68 6 30 ,0 22
( 41 ,9 18 ) 4 ,8 06 ,6 36
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
D E D U C T IO N S :
B en ef it p ay m en ts a nd w it hd ra w al s . . . . . . . . . . . . . 4, 23 5, 56 5 4 ,0 40 3, 08 0 2 ,1 00 2, 68 6 78 ,2 85 —
4 ,3 25 ,7 56
P ay m en ts t o V S F s . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1, 91 8 —
—
—
—
—
( 11 ,9 18 ) —
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . 3 0, 00 0 —
—
—
—
—
( 30 ,0 00 ) —
A dm
in is tr at iv e ex pe ns es
. . . . . . . . . . . . . . . . . . . . . 5 4, 63 5 —
—
—
—
—
—
5 4, 63 5
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 ,1 42 —
—
—
—
—
—
7, 14 2
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al d ed uc ti on s . . . . . . . . . . . . . . . . . . . . . . . . 4, 33 9, 26 0 4 ,0 40 3, 08 0 2 ,1 00 2, 68 6 78 ,2 85
( 41 ,9 18 ) 4 ,3 87 ,5 33
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
N et in cr ea se ( de cr ea se ) in n et p os it io n . . . . . . . . . . 46 7, 36 6 —
—
—
—
( 48 ,2 63 ) —
4 19 ,1 03
N E T P O S IT IO N :
R es tr ic te d fo r be ne fi ts :
B eg in ni ng o f ye ar . . . . . . . . . . . . . . . . . . . . . . . . . 5 4, 42 1, 95 8 —
—
—
—
1 87 ,9 69 —
54 ,6 09 ,9 27
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
E nd o f ye ar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 54 ,8 89 ,3 24 $
— $
— $
— $
— $1 39 ,7 06 $
— $ 55 ,0 29 ,0 30
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
_ __ __ __ __ __ __ __ __ __ __ ___ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
* In cl ud es V S F s an d T D A s, w hi ch a re n ot p en si on f un ds o r re ti re m en t sy st em
s un de r A C N Y .
179
T ot al
N ew Y or k C it y
N Y C E R S V ar ia b le S u p p le m en ts F u n d s (V S F s) E m p lo ye es ’
Q u al if ie d P en si on __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ R et ir em en t
P la n (Q P P ) T P O V S F T P S O V S F H P O V S F H P S O V S F C O V S F E li m in at io n s S ys te m
___ ___ ___ ___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___
A D D IT IO N S :
C on tr ib ut io ns :
M
em be r co nt ri bu ti on s . . . . . . . . . . . . . . . . . . . . . $
44 7, 68 9 $
— $
— $
— $
— $
— $
— $
44 7, 68 9
E m pl oy er c on tr ib ut io ns
. . . . . . . . . . . . . . . . . . . . 3 ,1 14 ,0 68 —
—
—
—
—
—
3 ,1 14 ,0 68
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
T ot al c on tr ib ut io ns
. . . . . . . . . . . . . . . . . . . . . . 3, 56 1, 75 7 —
—
—
—
—
—
3 ,5 61 ,7 57
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
In ve st m en t in co m e:
I nt er es t in co m e . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 8, 67 1 —
—
—
—
2 0 —
6 58 ,6 91
D iv id en d in co m e . . . . . . . . . . . . . . . . . . . . . . . . . 73 9, 16 3 —
—
—
—
—
—
7 39 ,1 63
N et a pp re ci at io n in f ai r va lu e of i nv es tm en ts . . . . 6, 68 8, 98 0 —
—
—
—
—
—
6 ,6 88 ,9 80
I nv es tm en t ex pe ns es . . . . . . . . . . . . . . . . . . . . . . . ( 18 4, 61 1) — —
—
—
—
—
(1 84 ,6 11 )
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
I nv es tm en t in co m e, n et . . . . . . . . . . . . . . . . . . . 7, 90 2, 20 3 —
—
—
—
2 0 —
7 ,9 02 ,2 23
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
S ec ur it ie s le nd in g tr an sa ct io ns :
S ec ur it ie s le nd in g in co m e . . . . . . . . . . . . . . . . . . 1 0, 25 1 —
—
—
—
—
—
1 0, 25 1
S ec ur it ie s le nd in g fe es . . . . . . . . . . . . . . . . . . . . . (1 ,4 50 ) —
—
—
—
—
—
( 1, 45 0)
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
N et s ec ur it ie s le nd in g in co m e . . . . . . . . . . . . . 8 ,8 01 —
—
—
—
—
—
8, 80 1
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
P ay m en ts f ro m Q P P . . . . . . . . . . . . . . . . . . . . . . . . . — 4, 07 0 3 ,0 90 2, 16 8 2 ,7 97 —
( 12 ,1 25 ) —
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . — —
—
—
—
1 90 ,0 00
(1 90 ,0 00 ) —
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ,6 48 —
—
—
—
—
—
4, 64 8
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
T ot al a dd it io ns
. . . . . . . . . . . . . . . . . . . . . . . . . 1 1, 47 7, 40 9 4 ,0 70 3, 09 0 2 ,1 68 2, 79 7 1 90 ,0 20
(2 02 ,1 25 ) 11 ,4 77 ,4 29
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
D E D U C T IO N S :
B en ef it p ay m en ts a nd w it hd ra w al s . . . . . . . . . . . . . 3, 99 0, 30 6 4 ,0 70 3, 09 0 2 ,1 68 2, 79 7 38 ,0 14 —
4 ,0 40 ,4 45
P ay m en ts t o V S F s . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2, 12 5 —
—
—
—
—
( 12 ,1 25 ) —
T ra ns fe rr ab le e ar ni ng s du e fr om
Q P P to V S F s . . . . 19 0, 00 0 —
—
—
—
—
(1 90 ,0 00 ) —
A dm
in is tr at iv e ex pe ns es
. . . . . . . . . . . . . . . . . . . . . 5 0, 43 1 —
—
—
—
—
—
5 0, 43 1
O th er
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 ,2 28 —
—
—
—
—
—
7, 22 8
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
T ot al d ed uc ti on s . . . . . . . . . . . . . . . . . . . . . . . . 4, 25 0, 09 0 4 ,0 70 3, 09 0 2 ,1 68 2, 79 7 38 ,0 14
(2 02 ,1 25 ) 4 ,0 98 ,1 04
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
N et i nc re as e in n et p os it io n . . . . . . . . . . . . . . . . . . . 7, 22 7, 31 9 —
—
—
—
1 52 ,0 06 —
7 ,3 79 ,3 25
N E T P O S IT IO N :
R es tr ic te d fo r be ne fi ts :
B eg in ni ng o f ye ar . . . . . . . . . . . . . . . . . . . . . . . . . 4 7, 19 4, 63 9 —
—
—
—
3 5, 96 3 —
47 ,2 30 ,6 02
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
E nd o f ye ar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 54 ,4 21 ,9 58 $
— $
— $
— $
— $1 87 ,9 69 $
— $ 54 ,6 09 ,9 27
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
_ __ __ __ __ __ __ __ __ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ __ ___ ___ __ _ ___ ___ ___ ___ _ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ _
* In cl ud es V S F s an d T D A s, w hi ch a re n ot p en si on f un ds o r re ti re m en t sy st em
s un de r A C N Y .
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15
P ar t II -D — F id u ci ar y F u n d s— S ch ed u le F 8
T H E C IT Y O F N E W Y O R K
P E N S IO N T R U S T F U N D S *
N E W Y O R K C IT Y E M P L O Y E E S ’ R E T IR E M E N T S Y S T E M
C O M B IN IN G S C H E D U L E O F C H A N G E S I N F ID U C IA R Y N E T P O S IT IO N
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F9
THE CITY OF NEW YORK PENSION TRUST FUNDS*
TEACHERS’ RETIREMENT SYSTEM COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2015 (in thousands)
180
TRS Qualified Tax-Deferred Total Teachers’ Pension Annuity Retirement Plan (QPP) Program (TDA) Eliminations System _____________ ________________ ___________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 22,674 $ 3,316 $ — $ 25,990 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257,043 361,073 — 618,116 Investment securities sold . . . . . . . . . . . . . . . . . . . . . . 2,766,976 89,541 — 2,856,517 Accrued interest and dividends . . . . . . . . . . . . . . . . . . 145,968 12,471 — 158,439 ___________ ___________ _____________________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . 3,169,987 463,085 — 3,633,072 ___________ ___________ _____________________ ___________ Investments: Fixed return funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 3,804,020 — — 3,804,020 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,936,440 — — 14,936,440 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,988,143 — — 21,988,143 Alternative investments . . . . . . . . . . . . . . . . . . . . . . 6,002,260 — — 6,002,260 Collective trust funds: International equity . . . . . . . . . . . . . . . . . . . . . . . 11,615,671 — — 11,615,671 Fixed income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,456,238 — — 3,456,238 Collateral from securities lending transactions . . . . 1,663,710 — — 1,663,710 Variable Funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 34,767 106,256 — 141,023 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97,139 461,750 — 558,889 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,822,011 7,902,973 — 10,724,984 Collateral from securities lending transactions . . . . 200,213 574,835 — 775,048 ___________ ___________ _____________________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 66,620,612 9,045,814 — 75,666,426 ___________ ___________ _____________________ ___________ Investment in fixed return funds . . . . . . . . . . . . . . . . . . . — 18,699,332 (18,699,332) — Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,855 3,725 (27,899) 3,681 ___________ ___________ _____________________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69,841,128 28,215,272 (18,727,231) 79,329,169 ___________ ___________ _____________________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . 391,945 117,700 (27,899) 481,746 Payable for investment securities purchased . . . . . . . . . . 4,616,284 93,595 — 4,709,879 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . 14,979 95,560 — 110,539 Due to TDA program fixed return funds . . . . . . . . . . . . . 18,699,332 — (18,699,332) — Securities lending transactions . . . . . . . . . . . . . . . . . . . . 1,863,923 574,835 — 2,438,758 ___________ ___________ _____________________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,586,463 881,690 (18,727,231) 7,740,922 ___________ ___________ _____________________ ___________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . . . 44,254,665 — — 44,254,665 Restricted for benefits to be provided by TDA program . . — 27,333,582 — 27,333,582 ___________ ___________ _____________________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $44,254,665 $27,333,582 $ — $71,588,247 ___________ ___________ _____________________ ___________ ___________ ___________ _____________________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
TRS Qualified Tax-Deferred Total Teachers’ Pension Annuity Retirement Plan (QPP) Program (TDA) Eliminations System _____________ ________________ ___________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 74,829 $ 2,520 $ — $ 77,349 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240,266 348,935 — 589,201 Investment securities sold . . . . . . . . . . . . . . . . . . . . . . 2,907,019 86,689 — 2,993,708 Accrued interest and dividends . . . . . . . . . . . . . . . . . . 134,559 11,411 — 145,970 ___________ ___________ _____________________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . 3,281,844 447,035 — 3,728,879 ___________ ___________ _____________________ ___________ Investments: Fixed return funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 2,603,828 — — 2,603,828 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,373,225 — — 12,373,225 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,690,600 — — 24,690,600 Alternative investments . . . . . . . . . . . . . . . . . . . . . . 5,353,828 — — 5,353,828 Collective trust funds: International equity . . . . . . . . . . . . . . . . . . . . . . . 11,492,097 — — 11,492,097 Fixed income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,367,988 — — 3,367,988 Collateral from securities lending transactions . . . . 5,262,907 — — 5,262,907 Variable Funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 39,110 101,988 — 141,098 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123,143 467,518 — 590,661 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,283,257 7,902,419 — 11,185,676 Collateral from securities lending transactions . . . . 138,606 338,062 — 476,668 ___________ ___________ _____________________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 68,728,589 8,809,987 — 77,538,576 ___________ ___________ _____________________ ___________ Investment in fixed return funds . . . . . . . . . . . . . . . . . . . — 17,236,032 (17,236,032) — Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,391 2,390 (21,880) 12,901 ___________ ___________ _____________________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,117,653 26,497,964 (17,257,912) 81,357,705 ___________ ___________ _____________________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . 353,907 137,352 (21,880) 469,379 Payable for investment securities purchased . . . . . . . . . . 4,623,463 87,612 — 4,711,075 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . 11,226 61,449 — 72,675 Due to TDA program fixed return funds . . . . . . . . . . . . . 17,236,032 — (17,236,032) — Securities lending transactions . . . . . . . . . . . . . . . . . . . . 5,403,085 338,062 — 5,741,147 ___________ ___________ _____________________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,627,713 624,475 (17,257,912) 10,994,276 ___________ ___________ _____________________ ___________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . . . 44,489,940 — — 44,489,940 Restricted for benefits to be provided by TDA program . . — 25,873,489 — 25,873,489 ___________ ___________ _____________________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $44,489,940 $25,873,489 $ — $70,363,429 ___________ ___________ _____________________ ___________ ___________ ___________ _____________________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F10
THE CITY OF NEW YORK PENSION TRUST FUNDS*
TEACHERS’ RETIREMENT SYSTEM COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2014 (in thousands)
181
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F11
THE CITY OF NEW YORK PENSION TRUST FUNDS*
TEACHERS’ RETIREMENT SYSTEM COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
182
TRS Qualified Tax-Deferred Total Teachers’ Pension Annuity Retirement Plan (QPP) Program (TDA) System _____________ ________________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 158,590 $ 662,601 $ 821,191 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,270,007 — 3,270,007 Other employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,521 — 55,521 ___________ ___________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,484,118 662,601 4,146,719 ___________ ___________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 758,526 32,627 791,153 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 889,231 126,867 1,016,098 Net appreciation in fair value of investments . . . . . . . . . . . . . . . . . . . . . . 146,833 275,464 422,297 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (202,961) (2,758) (205,719) ___________ ___________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,591,629 432,200 2,023,829 ___________ ___________ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,713 3,811 25,524 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,413) (379) (1,792) ___________ ___________ ___________ Net securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,300 3,432 23,732 ___________ ___________ ___________ Interest on TDA program fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . (1,248,988) 1,248,988 — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 329 — 329 ___________ ___________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,847,388 2,347,221 6,194,609 ___________ ___________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,024,272 861,345 4,885,617 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,391 25,783 84,174 ___________ ___________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,082,663 887,128 4,969,791 ___________ ___________ ___________ Net (decrease) increase in net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . (235,275) 1,460,093 1,224,818 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,489,940 25,873,489 70,363,429 ___________ ___________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $44,254,665 $27,333,582 $71,588,247 ___________ ___________ ___________ ___________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
TRS Qualified Tax-Deferred Total Teachers’ Pension Annuity Retirement Plan (QPP) Program (TDA) System _____________ ________________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 154,962 $ 638,979 $ 793,941 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,998,694 — 2,998,694 Other employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,730 — 55,730 ___________ ___________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,209,386 638,979 3,848,365 ___________ ___________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 709,594 33,367 742,961 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 854,701 116,160 970,861 Net appreciation in fair value of investments . . . . . . . . . . . . . . . . . . . . . . 8,027,414 1,487,702 9,515,116 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (162,208) (7,528) (169,736) ___________ ___________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,429,501 1,629,701 11,059,202 ___________ ___________ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,699 1,895 9,594 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,294) (185) (1,479) ___________ ___________ ___________ Net securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,405 1,710 8,115 ___________ ___________ ___________ Interest on TDA program fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . (1,147,923) 1,147,923 — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 404 — 404 ___________ ___________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,497,773 3,418,313 14,916,086 ___________ ___________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,818,248 757,312 4,575,560 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,042 17,188 63,230 ___________ ___________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,864,290 774,500 4,638,790 ___________ ___________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,633,483 2,643,813 10,277,296 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,856,457 23,229,676 60,086,133 ___________ ___________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $44,489,940 $25,873,489 $70,363,429 ___________ ___________ ___________ ___________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F12
THE CITY OF NEW YORK PENSION TRUST FUNDS*
TEACHERS’ RETIREMENT SYSTEM COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
183
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F13
THE CITY OF NEW YORK PENSION TRUST FUNDS*
BOARD OF EDUCATION RETIREMENT SYSTEM COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2015 (in thousands)
184
Total Board BERS Qualified Tax-Deferred of Education Pension Annuity Retirement Plan (QPP) Program (TDA) Eliminations System ______________ ________________ ___________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 17,933 $ 122 $ — $ 18,055 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,675 36,509 — 81,184 Investment securities sold . . . . . . . . . . . . . . . . . . . . . . 50,839 4,165 — 55,004 Accrued interest and dividends . . . . . . . . . . . . . . . . . . 239 590 — 829 __________ __________ ___________ __________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . 95,753 41,264 — 137,017 __________ __________ ___________ __________ Investments: Fixed return funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 210,042 — — 210,042 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 851,577 — — 851,577 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,766,390 — — 1,766,390 Alternative investments . . . . . . . . . . . . . . . . . . . . . . 385,819 — — 385,819 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 249,171 — — 249,171 International equity . . . . . . . . . . . . . . . . . . . . . . . 969,838 — — 969,838 Collateral from securities lending transactions . . . . 298,872 — — 298,872 Variable funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 553 5,017 — 5,570 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,024 9,290 — 10,314 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,666 405,223 — 449,889 Collateral from securities lending transactions . . . . 3,263 29,607 — 32,870 __________ __________ ___________ __________ Total investments . . . . . . . . . . . . . . . . . . . . . . . 4,781,215 449,137 — 5,230,352 __________ __________ ___________ __________ Investment in fixed return funds . . . . . . . . . . . . . . . . . . . — 1,152,729 (1,152,729) — Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,077 4,279 — 22,356 __________ __________ ___________ __________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,912,978 1,647,531 (1,152,729) 5,407,780 __________ __________ ___________ __________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . 6,110 1,879 — 7,989 Payable for investment securities purchased . . . . . . . . . . 86,747 4,428 — 91,175 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . 5,461 6,045 — 11,506 Due to TDA program fixed return funds . . . . . . . . . . . . . 1,152,729 — (1,152,729) — Securities lending transactions . . . . . . . . . . . . . . . . . . . . 302,135 29,607 — 331,742 __________ __________ ___________ __________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 1,553,182 41,959 (1,152,729) 442,412 __________ __________ ___________ __________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . . . 3,359,796 — — 3,359,796 Restricted for benefits to be provided by TDA program . . — 1,605,572 — 1,605,572 __________ __________ ___________ __________ Total net position . . . . . . . . . . . . . . . . . . . . . . . $3,359,796 $1,605,572 $ — $4,965,368 __________ __________ ___________ __________ __________ __________ ___________ __________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Total Board BERS Qualified Tax-Deferred of Education Pension Annuity Retirement Plan (QPP) Program (TDA) Eliminations System ______________ ________________ ___________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . $ 8,903 $ 2,902 $ — $ 11,805 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,307 34,762 — 77,069 Investment securities sold . . . . . . . . . . . . . . . . . . . . . . 181,295 3,824 — 185,119 Accrued interest and dividends . . . . . . . . . . . . . . . . . . 61 516 — 577 ___________ ___________ ___________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . 223,663 39,102 — 262,765 ___________ ___________ ___________ ___________ Investments: Fixed return funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 152,828 — — 152,828 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 781,227 — — 781,227 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 472,007 — — 472,007 Alternative investments . . . . . . . . . . . . . . . . . . . . . . 280,168 — — 280,168 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 245,030 — — 245,030 International equity . . . . . . . . . . . . . . . . . . . . . . . 958,686 — — 958,686 Domestic equity . . . . . . . . . . . . . . . . . . . . . . . . . . 1,389,836 — — 1,389,836 Collateral from securities lending transactions . . . . 410,598 — — 410,598 Variable funds: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 544 4,617 — 5,161 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,059 8,996 — 10,055 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,860 389,563 — 435,423 Collateral from securities lending transactions . . . . 1,994 16,940 — 18,934 ___________ ___________ ___________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . 4,739,837 420,116 — 5,159,953 ___________ ___________ ___________ ___________ Investment in fixed return funds . . . . . . . . . . . . . . . . . . . — 999,123 (999,123) — Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,154 3,619 — 17,773 ___________ ___________ ___________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,986,557 1,464,862 (999,123) 5,452,296 ___________ ___________ ___________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . . . 14,783 42 — 14,825 Payable for investment securities purchased . . . . . . . . . . 273,978 3,668 — 277,646 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . . . 6,816 6,750 — 13,566 Due to TDA program fixed return funds . . . . . . . . . . . . . 999,123 — (999,123) — Securities lending transactions . . . . . . . . . . . . . . . . . . . . 412,592 16,940 — 429,532 ___________ ___________ ___________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 1,707,292 27,400 (999,123) 735,569 ___________ ___________ ___________ ___________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . . . 3,279,265 — — 3,279,265 Restricted for benefits to be provided by TDA program . . — 1,437,462 — 1,437,462 ___________ ___________ ___________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . $ 3,279,265 $ 1,437,462 $ — $ 4,716,727 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F14
THE CITY OF NEW YORK PENSION TRUST FUNDS*
BOARD OF EDUCATION RETIREMENT SYSTEM COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2014 (in thousands)
185
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F15
THE CITY OF NEW YORK PENSION TRUST FUNDS*
BOARD OF EDUCATION RETIREMENT SYSTEM COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
186
Total Board BERS Qualified Tax-Deferred of Education Pension Annuity Retirement Plan (QPP) Program (TDA) System ______________ ________________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 39,564 $ 74,890 $ 114,454 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 258,099 — 258,099 __________ __________ __________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 297,663 74,890 372,553 __________ __________ __________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,898 3,111 40,009 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,207 5,607 51,814 Net appreciation in fair value of investments . . . . . . . . . . . . . . . . . . . . . . 101,496 14,804 116,300 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10,098) (753) (10,851) __________ __________ __________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174,503 22,769 197,272 __________ __________ __________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,849 201 3,050 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (186) (20) (206) __________ __________ __________ Net securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,663 181 2,844 __________ __________ __________ Interest on TDA program fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . (44,954) 44,954 — Other (receipts), payments from other retirement systems . . . . . . . . . . . . . (115,144) 67,571 (47,573) __________ __________ __________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314,731 210,365 525,096 __________ __________ __________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223,244 39,222 262,466 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,956 3,033 13,989 __________ __________ __________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234,200 42,255 276,455 __________ __________ __________ Net increase in net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,531 168,110 248,641 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,279,265 1,437,462 4,716,727 __________ __________ __________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,359,796 $1,605,572 $4,965,368 __________ __________ __________ __________ __________ __________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Total Board BERS Qualified Tax-Deferred of Education Pension Annuity Retirement Plan (QPP) Program (TDA) System ______________ ________________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 37,193 $ 63,767 $ 100,960 Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214,590 — 214,590 __________ __________ __________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251,783 63,767 315,550 __________ __________ __________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,321 2,877 47,198 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,033 5,593 65,626 Net appreciation in fair value of investments . . . . . . . . . . . . . . . . . . . . . . 781,671 74,351 856,022 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,486) (685) (12,171) __________ __________ __________ Investment income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 874,539 82,136 956,675 __________ __________ __________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 997 87 1,084 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (83) — (83) __________ __________ __________ Net securities lending income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 914 87 1,001 __________ __________ __________ Interest on TDA program fixed return funds . . . . . . . . . . . . . . . . . . . . . . . . (206,615) 206,615 — Other receipts from other retirement systems . . . . . . . . . . . . . . . . . . . . . . . (70,916) (110,273) (181,189) __________ __________ __________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 849,705 242,332 1,092,037 __________ __________ __________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214,315 40,410 254,725 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,776 2,531 12,307 __________ __________ __________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 224,091 42,941 267,032 __________ __________ __________ Net increase in net position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 625,614 199,391 825,005 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,653,651 1,238,071 3,891,722 __________ __________ __________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,279,265 $1,437,462 $4,716,727 __________ __________ __________ __________ __________ __________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F16
THE CITY OF NEW YORK PENSION TRUST FUNDS*
BOARD OF EDUCATION RETIREMENT SYSTEM COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
187
POLICE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Police Pension Plan (QPP) POVSF PSOVSF Eliminations Funds _____________ _____________ _______________ _____________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . $ 48,152 $ 3,027 $ 1,141 $ — $ 52,320 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 256,288 — — — 256,288 Investment securities sold . . . . . . . . . . . . . . . . . . . . 461,115 46,598 13,300 — 521,013 Transferrable earnings due from QPP to VSFs . . . . . — 459,000 362,000 (821,000) — Accrued interest and dividends . . . . . . . . . . . . . . . . 60,370 2,299 1,028 — 63,697 __________ _________ _________ _________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . 777,773 507,897 376,328 (821,000) 840,998 __________ _________ _________ _________ ___________ Investments: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 2,272,902 41,182 40,315 — 2,354,399 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,074,891 371,413 176,510 — 7,622,814 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,668,018 — — — 6,668,018 Alternative investments . . . . . . . . . . . . . . . . . . . . . 5,770,380 — — — 5,770,380 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,838,110 — — — 1,838,110 Domestic equity . . . . . . . . . . . . . . . . . . . . . . . . . 4,989,666 642,058 308,588 — 5,940,312 International equity . . . . . . . . . . . . . . . . . . . . . . . 5,411,168 430,625 188,394 — 6,030,187 Collateral from securities lending transactions . . . 2,678,845 70,156 43,750 — 2,792,751 __________ _________ _________ _________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 36,703,980 1,555,434 757,557 — 39,016,971 __________ _________ _________ _________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,879 — — — 14,879 __________ _________ _________ _________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,544,784 2,066,358 1,135,026 (821,000) 39,925,168 __________ _________ _________ _________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . 233,964 — — — 233,964 Payable for investment securities purchased . . . . . . . 1,347,025 72,623 25,776 — 1,445,424 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . 107,977 75,645 110,878 — 294,500 Transferrable earnings due from QPP to VSFs . . . . . 821,000 — — (821,000) — Securities lending transactions . . . . . . . . . . . . . . . . 2,678,845 70,156 43,750 — 2,792,751 __________ _________ _________ _________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,188,811 218,424 180,404 (821,000) 4,766,639 __________ _________ _________ _________ ___________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . 32,355,973 — — — 32,355,973 Restricted for benefits to be provided by VSFs . . . . . — 1,847,934 954,622 — 2,802,556 __________ _________ _________ _________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $32,355,973 $1,847,934 $ 954,622 $ — $35,158,529 __________ _________ _________ _________ ___________ __________ _________ _________ _________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F17
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY POLICE PENSION FUNDS COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2015 (in thousands)
188
POLICE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Police Pension Plan (QPP) POVSF PSOVSF Eliminations Funds _____________ _____________ _______________ _____________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . $ 45,733 $ 3,307 $ 1,347 $ — $ 50,387 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 255,808 — — — 255,808 Investment securities sold . . . . . . . . . . . . . . . . . . . . 581,149 25,846 1 — 606,996 Transferrable earnings due from QPP to VSFs . . . . . — 1,290,000 1,020,000 (2,310,000) — Accrued interest and dividends . . . . . . . . . . . . . . . . 59,897 816 17 — 60,730 ___________ __________ _________ ___________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . 896,854 1,316,662 1,020,018 (2,310,000) 923,534 ___________ __________ _________ ___________ ___________ Investments: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 1,279,645 22,840 57 — 1,302,542 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,933,743 120,078 — — 7,053,821 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,882,275 — — — 7,882,275 Alternative investments . . . . . . . . . . . . . . . . . . . . . 5,411,415 — — — 5,411,415 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,796,458 — — — 1,796,458 Domestic equity . . . . . . . . . . . . . . . . . . . . . . . . . 5,685,263 264,084 — — 5,949,347 International equity . . . . . . . . . . . . . . . . . . . . . . . 5,794,509 10 — — 5,794,519 Collateral from securities lending transactions . . . 3,704,504 41,467 — — 3,745,971 ___________ __________ _________ ___________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 38,487,812 448,479 57 — 38,936,348 ___________ __________ _________ ___________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,678 — — — 13,678 ___________ __________ _________ ___________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,444,077 1,768,448 1,021,422 (2,310,000) 39,923,947 ___________ __________ _________ ___________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . 141,773 — — — 141,773 Payable for investment securities purchased . . . . . . . 1,457,714 43,113 — — 1,500,827 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . 78,373 74,933 108,599 — 261,905 Transferrable earnings due from QPP to VSFs . . . . . 2,310,000 — — (2,310,000) — Securities lending transactions . . . . . . . . . . . . . . . . 3,705,325 41,467 — — 3,746,792 ___________ __________ _________ ___________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,693,185 159,513 108,599 (2,310,000) 5,651,297 ___________ __________ _________ ___________ ___________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . 31,750,892 — — — 31,750,892 Restricted for benefits to be provided by VSFs . . . . . — 1,608,935 912,823 — 2,521,758 ___________ __________ _________ ___________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $ 31,750,892 $ 1,608,935 $ 912,823 $ — $34,272,650 ___________ __________ _________ ___________ ___________ ___________ __________ _________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F18
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY POLICE PENSION FUNDS COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2014 (in thousands)
189
POLICE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Police Pension Plan (QPP) POVSF PSOVSF Eliminations Funds ____________ _____________ _____________ ____________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . $ 241,102 $ — $ — $ — $ 241,102 Employer contributions . . . . . . . . . . . . . . . . . . . . . 2,309,619 — — — 2,309,619 ___________ ____________ _________ _________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . 2,550,721 — — — 2,550,721 ___________ ____________ _________ _________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 392,792 7,280 2,020 — 402,092 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . 703,701 19,099 7,443 — 730,243 Net appreciation in fair value of investments . . . . . 96,151 34,438 9,173 — 139,762 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . (192,099) (288) (122) — (192,509) ___________ ____________ _________ _________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . 1,000,545 60,529 18,514 — 1,079,588 ___________ ____________ _________ _________ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . 19,209 524 194 — 19,927 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . (1,248) (34) (13) — (1,295) ___________ ____________ _________ _________ ___________ Net securities lending income . . . . . . . . . . . . . . . 17,961 490 181 — 18,632 ___________ ____________ _________ _________ ___________ Payments from QPP . . . . . . . . . . . . . . . . . . . . . . . . — — 313 (313) — Transferrable earnings due from QPP to VSFs . . . . — 330,000 260,000 (590,000) — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,554 25 37 — 4,616 ___________ ____________ _________ _________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,573,781 391,044 279,045 (590,313) 3,653,557 ___________ ____________ _________ _________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . 2,360,484 152,045 237,246 — 2,749,775 Payments to VSFs . . . . . . . . . . . . . . . . . . . . . . . . . . . 313 — — (313) — Transferrable earnings due from QPP to VSFs . . . . . 590,000 — — (590,000) — Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . 17,903 — — — 17,903 ___________ ____________ _________ _________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . 2,968,700 152,045 237,246 (590,313) 2,767,678 ___________ ____________ _________ _________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . 605,081 238,999 41,799 — 885,879 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . 31,750,892 1,608,935 912,823 — 34,272,650 ___________ ____________ _________ _________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $32,355,973 $1,847,934 $954,622 $ — $35,158,529 ___________ ____________ _________ _________ ___________ ___________ ____________ _________ _________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F19
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY POLICE PENSION FUNDS COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
190
POLICE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Police Pension Plan (QPP) POVSF PSOVSF Eliminations Funds ____________ _____________ _____________ ____________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . $ 228,783 $ — $ — $ — $ 228,783 Employer contributions . . . . . . . . . . . . . . . . . . . . . 2,320,910 — — — 2,320,910 ___________ ____________ _________ ___________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . 2,549,693 — — — 2,549,693 ___________ ____________ _________ ___________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 374,192 4,149 3 — 378,344 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . 441,568 5,993 8 — 447,569 Net appreciation in fair value of investments . . . . . 4,369,202 65,899 36 — 4,435,137 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . (120,828) — (2) — (120,830) ___________ ____________ _________ ___________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . 5,064,134 76,041 45 — 5,140,220 ___________ ____________ _________ ___________ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . 8,412 31 — — 8,443 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . (1,016) (18) (146) — (1,180) ___________ ____________ _________ ___________ ___________ Net securities lending income . . . . . . . . . . . . . . . 7,396 13 (146) — 7,263 ___________ ____________ _________ ___________ ___________ Payments from QPP . . . . . . . . . . . . . . . . . . . . . . . . — — 231,024 (231,024) — Transferrable earnings due from QPP to VSFs . . . . — 1,290,000 1,020,000 (2,310,000) — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,811 80 20 — 6,911 ___________ ____________ _________ ___________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,628,034 1,366,134 1,250,943 (2,541,024) 7,704,087 ___________ ____________ _________ ___________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . 2,305,609 150,627 235,373 — 2,691,609 Payments to VSFs . . . . . . . . . . . . . . . . . . . . . . . . . . . 231,024 — — (231,024) — Transferrable earnings due from QPP to VSFs . . . . . 2,310,000 — — (2,310,000) — Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . 17,450 — — — 17,450 ___________ ____________ _________ ___________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . 4,864,083 150,627 235,373 (2,541,024) 2,709,059 ___________ ____________ _________ ___________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . 2,763,951 1,215,507 1,015,570 — 4,995,028 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . 28,986,941 393,428 (102,747) — 29,277,622 ___________ ____________ _________ ___________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $31,750,892 $1,608,935 $ 912,823 $ — $34,272,650 ___________ ____________ _________ ___________ ___________ ___________ ____________ _________ ___________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F20
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY POLICE PENSION FUNDS COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
191
FIRE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Fire Pension Plan (QPP) FFVSF FOVSF Eliminations Funds ____________ _____________ _____________ ____________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . $ 8,375 $ 11,750 $ 643 $ — $ 20,768 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,124 — — — 29,124 Investment securities sold . . . . . . . . . . . . . . . . . . . . 178,385 6,383 3,867 — 188,635 Accrued interest and dividends . . . . . . . . . . . . . . . . 18,568 743 458 — 19,769 Transferrable earnings due from QPP to VSFs . . . . . — 41,000 11,000 (52,000) — ___________ __________ _________ _______ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . 226,077 48,126 15,325 (52,000) 237,528 ___________ __________ _________ _______ ___________ Investments: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 695,095 20,850 7,907 — 723,852 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,463,809 88,272 53,983 — 2,606,064 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,943,618 — — — 1,943,618 Alternative investments . . . . . . . . . . . . . . . . . . . . . 1,887,226 — — — 1,887,226 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 767,331 36,331 23,524 — 827,186 Domestic equity . . . . . . . . . . . . . . . . . . . . . . . . . 1,516,030 273,828 161,871 — 1,951,729 International equity . . . . . . . . . . . . . . . . . . . . . . . 2,022,335 77,890 61,322 — 2,161,547 Collateral from securities lending transactions . . . 795,944 22,251 18,130 — 836,325 ___________ __________ _________ _______ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 12,091,388 519,422 326,737 — 12,937,547 ___________ __________ _________ _______ ___________ Due from QPP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 15 (15) — Due from FFVSF . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 32 (32) — Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,596 — — — 5,596 ___________ __________ _________ _______ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,331,436 579,298 342,752 (52,047) 13,201,439 ___________ __________ _________ _______ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . 74,773 — 56 — 74,829 Payable for investment securities purchased . . . . . . . 574,447 9,941 7,639 — 592,027 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . 18,927 21,630 9,522 — 50,079 Transferrable earnings due from QPP to VSFs . . . . . 52,000 — — (52,000) — Due to FOVSF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 32 — (47) — Securities lending transactions . . . . . . . . . . . . . . . . . . 795,944 22,251 18,130 — 836,325 ___________ __________ _________ _______ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,516,106 53,854 35,347 (52,047) 1,553,260 ___________ __________ _________ _______ ___________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . 10,815,330 — — — 10,815,330 Restricted for benefits to be provided by VSFs . . . . . — 525,444 307,405 — 832,849 ___________ __________ _________ _______ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $10,815,330 $525,444 $307,405 $ — $11,648,179 ___________ __________ _________ _______ ___________ ___________ __________ _________ _______ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F21
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY FIRE PENSION FUNDS COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2015 (in thousands)
192
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F22
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY FIRE PENSION FUNDS COMBINING SCHEDULE OF FIDUCIARY NET POSITION
JUNE 30, 2014 (in thousands)
193
FIRE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Fire Pension Plan (QPP) FFVSF FOVSF Eliminations Funds ____________ _____________ _____________ ____________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . $ 9,801 $ 11,591 $ 526 $ — $ 21,918 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,434 — — — 28,434 Investment securities sold . . . . . . . . . . . . . . . . . . . . 225,735 7,769 2,979 — 236,483 Accrued interest and dividends . . . . . . . . . . . . . . . . 18,907 755 532 — 20,194 Transferrable earnings due from QPP to VSFs . . . . . — 110,000 10,000 (120,000) — ___________ __________ _________ _________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . 273,076 118,524 13,511 (120,000) 285,111 ___________ __________ _________ _________ ___________ Investments: Short-term investments . . . . . . . . . . . . . . . . . . . . . . 497,864 17,503 6,720 — 522,087 Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,973,972 76,719 58,536 — 2,109,227 Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,403,634 — — — 2,403,634 Alternative investments . . . . . . . . . . . . . . . . . . . . . 1,761,800 — — — 1,761,800 Mutual funds—international equity . . . . . . . . . . . . — 15,535 10,719 — 26,254 Collective trust funds: Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . 756,344 36,116 23,381 — 815,841 Domestic equity . . . . . . . . . . . . . . . . . . . . . . . . . 1,516,964 226,046 162,466 — 1,905,476 International equity . . . . . . . . . . . . . . . . . . . . . . . 2,051,440 63,353 51,416 — 2,166,209 Collateral from securities lending transactions . . . 990,167 33,011 26,558 — 1,049,736 ___________ __________ _________ _________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 11,952,185 468,283 339,796 — 12,760,264 ___________ __________ _________ _________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,246 — — — 5,246 ___________ __________ _________ _________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,240,308 598,398 353,833 (120,000) 13,072,539 ___________ __________ _________ _________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . 45,749 — 56 — 45,805 Payable for investment securities purchased . . . . . . . 472,882 19,382 10,424 — 502,688 Accrued benefits payable . . . . . . . . . . . . . . . . . . . . . . 14,966 22,034 9,669 — 46,669 Transferrable earnings due from QPP to VSFs . . . . . 120,000 — — (120,000) — Securities lending transactions . . . . . . . . . . . . . . . . . . 990,873 33,011 26,558 — 1,050,442 ___________ __________ _________ _________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,644,470 74,427 46,707 (120,000) 1,645,604 ___________ __________ _________ _________ ___________ NET POSITION: Restricted for benefits to be provided by QPP . . . . . . 10,595,838 — — — 10,595,838 Restricted for benefits to be provided by VSFs . . . . . — 523,971 307,126 — 831,097 ___________ __________ _________ _________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $10,595,838 $523,971 $ 307,126 $ — $11,426,935 ___________ __________ _________ _________ ___________ ___________ __________ _________ _________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
FIRE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Fire Pension Plan (QPP) FFVSF FOVSF Eliminations Funds ____________ _____________ _____________ ____________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . $ 108,582 $ — $ — $ — $ 108,582 Employer contributions . . . . . . . . . . . . . . . . . . . . . 988,784 — — — 988,784 ___________ __________ _________ _______ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . 1,097,366 — — — 1,097,366 ___________ __________ _________ _______ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115,571 4,297 2,906 — 122,774 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . 227,390 7,138 4,500 — 239,028 Net (depreciation) appreciation in fair value of investments . . . . . . . . . . . . . . . . . . . . . . . . . . . (8,490) 7,226 4,650 — 3,386 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . (68,027) — — — (68,027) ___________ __________ _________ _______ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . 266,444 18,661 12,056 — 297,161 ___________ __________ _________ _______ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . 5,332 243 206 — 5,781 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . (346) (16) (13) — (375) ___________ __________ _________ _______ ___________ Net securities lending income . . . . . . . . . . . . . . . 4,986 227 193 — 5,406 ___________ __________ _________ _______ ___________ Transferrable earnings due from QPP to VSFs . . . . — 30,000 10,000 (40,000) — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,201 — — — 41,201 ___________ __________ _________ _______ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,409,997 48,888 22,249 (40,000) 1,441,134 ___________ __________ _________ _______ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . 1,150,505 47,415 21,970 — 1,219,890 Transferrable earnings due from QPP to VSFs . . . . . 40,000 — — (40,000) — ___________ __________ _________ _______ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . 1,190,505 47,415 21,970 (40,000) 1,219,890 ___________ __________ _________ _______ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . 219,492 1,473 279 — 221,244 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . 10,595,838 523,971 307,126 — 11,426,935 ___________ __________ _________ _______ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,815,330 $525,444 $307,405 $ — $11,648,179 ___________ __________ _________ _______ ___________ ___________ __________ _________ _______ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F23
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY FIRE PENSION FUNDS COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
194
FIRE Total Qualified
Variable Supplements Funds (VSFs) New York City
Pension ______________________________ Fire Pension Plan (QPP) FFVSF FOVSF Eliminations Funds ____________ _____________ _____________ ____________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . $ 108,859 $ — $ — $ — $ 108,859 Employer contributions . . . . . . . . . . . . . . . . . . . . . 969,956 — — — 969,956 ___________ __________ _________ _________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . 1,078,815 — — — 1,078,815 ___________ __________ _________ _________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118,699 4,701 3,038 — 126,438 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . 141,157 6,025 4,320 — 151,502 Net appreciation in fair value of investments . . . . . 1,352,930 58,245 43,907 — 1,455,082 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . (42,803) — — — (42,803) ___________ __________ _________ _________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . 1,569,983 68,971 51,265 — 1,690,219 ___________ __________ _________ _________ ___________ Securities lending transactions: Securities lending income . . . . . . . . . . . . . . . . . . . . 4,171 149 121 — 4,441 Securities lending fees . . . . . . . . . . . . . . . . . . . . . . (5,141) (93) 59 — (5,175) ___________ __________ _________ _________ ___________ Net securities lending income . . . . . . . . . . . . . . . (970) 56 180 — (734) ___________ __________ _________ _________ ___________ Transferrable earnings due from QPP to VSFs . . . . — 110,000 10,000 (120,000) — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,980 — — — 39,980 ___________ __________ _________ _________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,687,808 179,027 61,445 (120,000) 2,808,280 ___________ __________ _________ _________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . 1,099,162 50,425 21,742 — 1,171,329 Transferrable earnings due from QPP to VSFs . . . . . 120,000 — — (120,000) — ___________ __________ _________ _________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . 1,219,162 50,425 21,742 (120,000) 1,171,329 ___________ __________ _________ _________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . 1,468,646 128,602 39,703 — 1,636,951 NET POSITION: Restricted for benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . 9,127,192 395,369 267,423 — 9,789,984 ___________ __________ _________ _________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,595,838 $523,971 $307,126 $ — $11,426,935 ___________ __________ _________ _________ ___________ ___________ __________ _________ _________ ___________
* Includes VSFs and TDAs, which are not pension funds or retirement systems under ACNY.
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F24
THE CITY OF NEW YORK PENSION TRUST FUNDS*
NEW YORK CITY FIRE PENSION FUNDS COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
195
Defined Contribution Deferred Compensation Plans Plan ___________________________________________ ____________ 457 Plan 401(k) Plan NYCE IRA 401(a) Plan Total ____________ _____________ _____________ ____________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . $ 14,089 $ 718 $ 13 $ — $ 14,820 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207,615 23,488 — — 231,103 ___________ ____________ __________ ________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . 207,615 23,488 — — 231,103 ___________ ____________ __________ ________ ___________ Investments: Mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,879,252 1,210,934 97,555 16,826 10,204,567 Guaranteed investment contracts . . . . . . . . . . . . . . 4,353,060 682,009 121,666 2,519 5,159,254 ___________ ____________ __________ ________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 13,232,312 1,892,943 219,221 19,345 15,363,821 ___________ ____________ __________ ________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,007 1,724 — 1 2,732 ___________ ____________ __________ ________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,455,023 1,918,873 219,234 19,346 15,612,476 ___________ ____________ __________ ________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . 5,628 474 137 — 6,239 ___________ ____________ __________ ________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,628 474 137 — 6,239 ___________ ____________ __________ ________ ___________ NET POSITION: Restricted for other employee benefits . . . . . . . . . . . . 13,449,395 1,918,399 219,097 19,346 15,606,237 ___________ ____________ __________ ________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $13,449,395 $1,918,399 $219,097 $19,346 $15,606,237 ___________ ____________ __________ ________ ___________ ___________ ____________ __________ ________ ___________
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F25
THE CITY OF NEW YORK OTHER EMPLOYEE BENEFIT TRUST FUNDS
DEFERRED COMPENSATION PLANS COMBINING SCHEDULE OF FIDUCIARY NET POSITION
DECEMBER 31, 2014 (in thousands)
196
Defined Contribution Deferred Compensation Plans Plan ___________________________________________ ____________ 457 Plan 401(k) Plan NYCE IRA 401(a) Plan Total ____________ _____________ _____________ ____________ _____________
ASSETS: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . $ 12,095 $ 2,335 $ 9 $ — $ 14,439 Receivables: Member loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198,634 20,811 — — 219,445 ___________ ____________ __________ ________ ___________ Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . 198,634 20,811 — — 219,445 ___________ ____________ __________ ________ ___________ Investments: Mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,131,160 1,038,279 77,784 15,404 9,262,627 Guaranteed investment contracts . . . . . . . . . . . . . . 4,310,505 630,547 113,848 2,309 5,057,209 ___________ ____________ __________ ________ ___________ Total investments . . . . . . . . . . . . . . . . . . . . . . . . . 12,441,665 1,668,826 191,632 17,713 14,319,836 ___________ ____________ __________ ________ ___________ Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 960 215 — — 1,175 ___________ ____________ __________ ________ ___________ Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,653,354 1,692,187 191,641 17,713 14,554,895 ___________ ____________ __________ ________ ___________ LIABILITIES: Accounts payable and accrued liabilities . . . . . . . . . . 4,015 591 112 — 4,718 ___________ ____________ __________ ________ ___________ Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,015 591 112 — 4,718 ___________ ____________ __________ ________ ___________ NET POSITION: Restricted for other employee benefits . . . . . . . . . . . . 12,649,339 1,691,596 191,529 17,713 14,550,177 ___________ ____________ __________ ________ ___________ Total net position . . . . . . . . . . . . . . . . . . . . . . . . . $12,649,339 $1,691,596 $191,529 $17,713 $14,550,177 ___________ ____________ __________ ________ ___________ ___________ ____________ __________ ________ ___________
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F26
THE CITY OF NEW YORK OTHER EMPLOYEE BENEFIT TRUST FUNDS
DEFERRED COMPENSATION PLANS COMBINING SCHEDULE OF FIDUCIARY NET POSITION
DECEMBER 31, 2013 (in thousands)
197
Defined Contribution Deferred Compensation Plans Plan ___________________________________________ ____________ 457 Plan 401(k) Plan NYCE IRA 401(a) Plan Total ____________ _____________ _____________ ____________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . $ 545,251 $ 197,072 $ 30,231 $ 715 $ 773,269 ___________ ____________ __________ ________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . 545,251 197,072 30,231 715 773,269 ___________ ____________ __________ ________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,160 15,510 2,700 51 126,421 Net appreciation in fair value of investments . . . . . 694,877 82,004 6,557 1,323 784,761 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . (28,090) (4,100) (522) (36) (32,748) ___________ ____________ __________ ________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . 774,947 93,414 8,735 1,338 878,434 ___________ ____________ __________ ________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,320,198 290,486 38,966 2,053 1,651,703 ___________ ____________ __________ ________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . 508,158 62,163 11,268 417 582,006 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . 11,984 1,520 130 3 13,637 ___________ ____________ __________ ________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . 520,142 63,683 11,398 420 595,643 ___________ ____________ __________ ________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . 800,056 226,803 27,568 1,633 1,056,060 NET POSITION: Restricted for other employee benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . 12,649,339 1,691,596 191,529 17,713 14,550,177 ___________ ____________ __________ ________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $13,449,395 $1,918,399 $219,097 $19,346 $15,606,237 ___________ ____________ __________ ________ ___________ ___________ ____________ __________ ________ ___________
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F27
THE CITY OF NEW YORK OTHER EMPLOYEE BENEFIT TRUST FUNDS
DEFERRED COMPENSATION PLANS COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED DECEMBER 31, 2014 (in thousands)
198
Defined Contribution Deferred Compensation Plans Plan ___________________________________________ ____________ 457 Plan 401(k) Plan NYCE IRA 401(a) Plan Total ____________ _____________ _____________ ____________ _____________
ADDITIONS: Contributions: Member contributions . . . . . . . . . . . . . . . . . . . . . . . $ 533,030 $ 166,331 $ 35,290 $ 745 $ 735,396 ___________ ____________ __________ ________ ___________ Total contributions . . . . . . . . . . . . . . . . . . . . . . . 533,030 166,331 35,290 745 735,396 ___________ ____________ __________ ________ ___________ Investment income: Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122,652 16,505 2,885 57 142,099 Net appreciation in fair value of investments . . . . . 1,856,185 204,270 13,796 3,682 2,077,933 Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . (26,251) (3,727) (460) (33) (30,471) ___________ ____________ __________ ________ ___________ Investment income, net . . . . . . . . . . . . . . . . . . . . 1,952,586 217,048 16,221 3,706 2,189,561 ___________ ____________ __________ ________ ___________ Total additions . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,485,616 383,379 51,511 4,451 2,924,957 ___________ ____________ __________ ________ ___________ DEDUCTIONS: Benefit payments and withdrawals . . . . . . . . . . . . . . 446,213 48,860 8,168 200 503,441 Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . 12,037 1,421 121 1 13,580 ___________ ____________ __________ ________ ___________ Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . 458,250 50,281 8,289 201 517,021 ___________ ____________ __________ ________ ___________ Net increase in net position . . . . . . . . . . . . . . . . . . . . 2,027,366 333,098 43,222 4,250 2,407,936 NET POSITION: Restricted for other employee benefits: Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . 10,621,973 1,358,498 148,307 13,463 12,142,241 ___________ ____________ __________ ________ ___________ End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $12,649,339 $1,691,596 $191,529 $17,713 $14,550,177 ___________ ____________ __________ ________ ___________ ___________ ____________ __________ ________ ___________
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F28
THE CITY OF NEW YORK OTHER EMPLOYEE BENEFIT TRUST FUNDS
DEFERRED COMPENSATION PLANS COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED DECEMBER 31, 2013 (in thousands)
199
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F29
THE CITY OF NEW YORK AGENCY FUNDS
SCHEDULE OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2015 (in thousands)
200
Balance Balance July 1, 2014 Additions Deductions June 30, 2015 _____________ _____________ _______________ _____________
ASSETS: Cash and investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,289,873 $1,548,069 $1,302,905 $3,535,037 ___________ ___________ ____________ ___________ ___________ ___________ ____________ ___________ LIABILITIES: Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,289,873 $1,548,069 $1,302,905 $3,535,037 ___________ ___________ ____________ ___________ ___________ ___________ ____________ ___________
201
Balance Balance July 1, 2013 Additions Deductions June 30, 2014 _____________ _____________ _______________ _____________
ASSETS: Cash and investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,990,203 $1,876,336 $576,666 $3,289,873 ___________ ___________ __________ ___________ ___________ ___________ __________ ___________ LIABILITIES: Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,990,203 $1,876,336 $576,666 $3,289,873 ___________ ___________ __________ ___________ ___________ ___________ __________ ___________
Comptroller’s Report for Fiscal 2015 Part II-D—Fiduciary Funds—Schedule F30
THE CITY OF NEW YORK AGENCY FUNDS
SCHEDULE OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2014 (in thousands)
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
The City of New York
Comprehensive Annual Financial Report
of the Comptroller
SUPPLEMENTARY INFORMATION
COMBINING FINANCIAL INFORMATION — COMPONENT UNITS
Part II-E
Fiscal Year Ended June 30, 2015
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
206
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -E — C om p on en t U n it s
T H E C IT Y O F N E W Y O R K
N O N M A JO R C O M P O N E N T U N IT S
C O M B IN IN G S T A T E M E N T O F N E T P O S IT IO N
Ju ne 3 0, 2 01 5
(i n th ou sa nd s)
W T C C ap ti ve
I n su ra n ce B ro ok ly n N av y B u si n es s N Y C
C om p an y, I n c. Y ar d I n d u st ri al T h e T ru st f or B ro ok ly n R el oc at io n B u il d N Y C N Y C L an d N ei gh b or h oo d
D ec em b er 3 1, D ev el op m en t D ev el op m en t G ov er n or s B ri d ge P ar k A ss is ta n ce R es ou rc e D ev el op m en t C ap it al
2 01 4 C or p or at io n A ge n cy Is la n d C or p or at io n C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ot al
_ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . . . $
6, 25 7 $ 11 ,2 24 $
3, 04 8 $
86 7 $
58 ,9 39 $
42 5 $
4, 29 0 $
5 $
80 $ 85 ,1 35
I nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 ,2 09 — 47 ,3 81 — — — 4 ,0 34 — — 3 65 ,6 24
L ea se r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . —
— 1 ,7 18 ,8 18 — — — — — — 1 ,7 18 ,8 18
O th er r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . —
6 ,3 37 5 3 2 ,0 11 7 14 — 3 2 0 — 9 ,1 38
R es tr ic te d ca sh a nd in ve st m en ts . . . . . . . . . . . . . . . . 5 ,2 75 80 ,0 52 1 54 ,0 18 18 ,4 03 25 ,2 04 — — — — 2 82 ,9 52
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 3 1 ,1 77 — 4 4 3 — — — — 1 ,3 37
C ap it al a ss et s:
L an d an d co ns tr uc ti on
w or k- in -p ro gr es s . . . . . . . . . . . . . . . . . . . . — — — 78 ,2 26 83 ,9 71 — — — — 1 62 ,1 97
B ui ld in gs a nd e qu ip m en t . . . . . . . . . . . . . . . . —
4 94 ,1 38 — 2 52 ,6 76 1 13 ,8 45 — — — — 8 60 ,6 59
A cc um ul at ed d ep re ci at io n . . . . . . . . . . . . . . . —
( 13 9, 21 1) —
( 12 ,2 89 ) ( 13 ,9 66 ) —
— — —
( 16 5, 46 6)
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . 32 5, 85 4 45 3, 71 7 1 ,9 23 ,3 18 33 9, 89 8 26 8, 75 0
42 5
8, 32 7
25
80 3 ,3 20 ,3 94
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
D E F E R R E D O U T F L O W S O F R E S O U R C E S . . . . . . . . . . . — — 18 ,3 17 — — — — — — 18 ,3 17
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d
a cc ru ed l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . .
5, 39 2
7, 05 3
44 3
13 ,2 50
9, 82 7
3
47
20
5
36 ,0 40
U ne ar ne d re ve nu es . . . . . . . . . . . . . . . . . . . . . . . — 16 ,4 65 3 25 16 ,1 36 19 ,9 99 — — — — 52 ,9 25
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
4 ,5 89 1 23 ,9 43 2 80 — — 3 9 — — 1 28 ,8 51
D er iv at iv e in st ru m en ts -i nt er es t ra te s w ap s . . . . . —
— 18 ,3 17 — — — — — — 18 ,3 17
N on cu rr en t L ia bi li ti es :
D ue w it hi n on e ye ar . . . . . . . . . . . . . . . . . . . . — — 25 ,2 28 — — — — — — 25 ,2 28
B on ds an d no te s pa ya bl e (n et o f am ou nt
d ue w it hi n on e ye ar ) . . . . . . . . . . . . . . . . . . —
— 1 ,7 23 ,6 65 — — — — — — 1 ,7 23 ,6 65
O P E B l ia bi li ty . . . . . . . . . . . . . . . . . . . . . . . . —
— — 1 92 6 3 — — — — 2 55
O th er ( ne t of a m ou nt d ue w it hi n on e ye ar ) . . 3 20 ,4 62 1 40 ,5 20 — — — — — — — 4 60 ,9 82
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . 3 25 ,8 54 1 68 ,6 27 1 ,8 91 ,9 21 29 ,8 58 29 ,8 89 3 8 6 2 0 5 2 ,4 46 ,2 63
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
N E T P O S IT IO N :
N et i nv es tm en t in c ap it al a ss et s . . . . . . . . . . . . . —
2 61 ,4 19 — 3 18 ,6 13 1 83 ,8 51 — — 5 7 5 7 63 ,9 63
R es tr ic te d fo r:
C ap it al p ro je ct s . . . . . . . . . . . . . . . . . . . . . . . . —
— — — 1 ,7 72 — — — — 1 ,7 72
L oa ns /s ec ur it y de po si ts . . . . . . . . . . . . . . . . . — 4 ,5 89 — — — 4 22 — — — 5 ,0 11
U nr es tr ic te d (d ef ic it ) . . . . . . . . . . . . . . . . . . . . . —
19 ,0 82 49 ,7 14 (8 ,5 73 ) 5 3, 23 8 — 8 ,2 41 — — 1 21 ,7 02
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
T ot al n et p os it io n . . . . . . . . . . . . . . . . . . . . $
— $
28 5, 09 0 $ 49 ,7 14 $
31 0, 04 0 $
23 8, 86 1 $
42 2 $
8, 24 1 $
5 $
75 $
89 2, 44 8
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __
207
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -E — C om p on en t U n it s
T H E C IT Y O F N E W Y O R K
N O N M A JO R C O M P O N E N T U N IT S
C O M B IN IN G S T A T E M E N T O F N E T P O S IT IO N
Ju ne 3 0, 2 01 4
(i n th ou sa nd s)
W T C C ap ti ve
In su ra n ce B ro ok ly n N av y B u si n es s
C om p an y, I n c. Y ar d I n d u st ri al T h e T ru st f or B ro ok ly n R el oc at io n B u il d N Y C N Y C L an d
D ec em b er 3 1, D ev el op m en t D ev el op m en t G ov er n or s B ri d ge P ar k A ss is ta n ce R es ou rc e D ev el op m en t
2 01 3 C or p or at io n A ge n cy I sl an d C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ot al
_ __ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
A S S E T S :
C as h an d ca sh e qu iv al en ts . . . . . . . . . . . . . . . . . $
29 0, 91 4 $
8, 55 2 $ 19 ,8 32 $
1, 33 6 $ 40 ,0 96 $
52 4 $
1, 51 9 $
5 $ 36 2, 77 8
I nv es tm en ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 ,8 92 — 3 0, 44 8 — — — 4 ,3 02 — 7 1, 64 2
L ea se r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . —
— 1, 73 8, 66 4 — — — — — 1, 73 8, 66 4
O th er r ec ei va bl es . . . . . . . . . . . . . . . . . . . . . . . . —
1 0, 53 7 76 9 ,4 85 2 65 — — 20 2 0, 38 3
R es tr ic te d ca sh a nd i nv es tm en ts . . . . . . . . . . . . . 4, 07 7 9 4, 33 0 15 1, 55 9 2 3, 50 1 3 0, 55 3 — — — 30 4, 02 0
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9 1 ,1 91 — 3 2 — — — 1 ,2 35
C ap it al a ss et s:
L an d an d co ns tr uc ti on w or k- in -p ro gr es s . . . . —
— — 14 1, 34 6 4 4, 57 0 — — — 18 5, 91 6
B ui ld in gs a nd e qu ip m en t . . . . . . . . . . . . . . . . —
43 5, 20 5 — 12 4, 17 1 11 3, 42 6 — — — 67 2, 80 2
A cc um ul at ed d ep re ci at io n . . . . . . . . . . . . . . . —
( 12 7, 12 7) —
(3 ,1 67 ) (8 ,3 78 ) — — — ( 13 8, 67 2)
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
T ot al a ss et s . . . . . . . . . . . . . . . . . . . . . . . . . 33 1, 92 2 42 2, 68 8 1, 94 0, 57 9 29 6, 67 5 22 0, 53 4
52 4
5, 82 1
25 3, 21 8, 76 8
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
D E F E R R E D O U T F L O W S O F R E S O U R C E S . . . . . . . . . . . — — 1 1, 93 8 — — — — — 1 1, 93 8
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
L IA B IL IT IE S :
A cc ou nt s pa ya bl e an d ac cr ue d li ab il it ie s . . . . . .
4, 18 2 3, 82 0
93 4 19 ,2 02
9, 91 6
6
50
20
38 ,1 30
U ne ar ne d re ve nu es . . . . . . . . . . . . . . . . . . . . . . . — 1 6, 99 4 3 67 2 3, 49 6 2 2, 99 1 — — — 6 3, 84 8
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
3 ,2 33 11 3, 79 2 1 73 — — 29 — 11 7, 22 7
D er iv at iv e in st ru m en ts -i nt er es t ra te s w ap s . . . . . —
— 1 1, 93 8 — — — — — 1 1, 93 8
N on cu rr en t L ia bi li ti es :
D ue w it hi n on e ye ar . . . . . . . . . . . . . . . . . . . . — — 2 4, 94 2 — — — — — 2 4, 94 2
B on ds a nd n ot es p ay ab le ( ne t of a m ou nt
du e w it hi n on e ye ar ) . . . . . . . . . . . . . . . . . . —
— 1, 75 1, 48 9 — — — — — 1, 75 1, 48 9
O P E B l ia bi li ty . . . . . . . . . . . . . . . . . . . . . . . . —
— — 3 53 41 — — — 3 94
O th er ( ne t of a m ou nt d ue w it hi n on e ye ar ) . . 3 27 ,7 40 12 5, 82 0 — — — — — — 45 3, 56 0
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
T ot al l ia bi li ti es . . . . . . . . . . . . . . . . . . . . . . 3 31 ,9 22 14 9, 86 7 1, 90 3, 46 2 4 3, 22 4 3 2, 94 8 6 79 20 2, 46 1, 52 8
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
N E T P O S IT IO N :
N et i nv es tm en t in c ap it al a ss et s . . . . . . . . . . . . . —
24 5, 73 0 — 26 2, 34 9 14 9, 61 8 — — — 65 7, 69 7
R es tr ic te d fo r:
C ap it al p ro je ct s . . . . . . . . . . . . . . . . . . . . . . . . —
— — — 5 12 — — — 5 12
L oa ns /s ec ur it y de po si ts . . . . . . . . . . . . . . . . . — 3 ,2 33 — — — 5 18 — — 3 ,7 51
U nr es tr ic te d (d ef ic it ) . . . . . . . . . . . . . . . . . . . . . —
2 3, 85 8 4 9, 05 5 ( 8, 89 8) 3 7, 45 6 — 5 ,7 42 5 10 7, 21 8
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
T ot al n et p os it io n . . . . . . . . . . . . . . . . . . . . $
— $
27 2, 82 1 $
49 ,0 55 $
25 3, 45 1 $
18 7, 58 6 $
51 8 $
5, 74 2 $
5 $
76 9, 17 8
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
_ ___ ___ ___ ___ __ _ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ _
208
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -E — C om p on en t U n it s
T H E C IT Y O F N E W Y O R K
N O N M A JO R C O M P O N E N T U N IT S
C O M B IN IN G S T A T E M E N T O F A C T IV IT IE S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 5
(i n th ou sa nd s)
W T C C ap ti ve
I n su ra n ce B ro ok ly n N av y B u si n es s N Y C
C om p an y, I n c. Y ar d In d u st ri al T h e T ru st f or B ro ok ly n R el oc at io n B u il d N Y C N Y C L an d N ei gh b or h oo d
D ec em b er 3 1, D ev el op m en t D ev el op m en t G ov er n or s B ri d ge P ar k A ss is ta n ce R es ou rc e D ev el op m en t C ap it al
20 14 C or p or at io n A ge n cy I sl an d C or p or at io n C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ot al
__ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
E X P E N S E S . . . . . . . . . . . . . . . . . . . . . . . $
(3 ,6 27 ) $
45 ,3 62 $
10 5, 27 0 $
26 ,3 10 $
13 ,0 04 $
96 $
1, 84 3 $
20 $
50 $
18 8, 32 8
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
P R O G R A M R E V E N U E S :
C ha rg es f or s er vi ce s . . . . . . . . . . . . —
3 4, 81 4 6 ,7 75 2 ,0 89 3 3, 65 0 — 4 ,3 27 20 — 8 1, 67 5
O pe ra ti ng g ra nt s an d co nt ri bu ti on s —
4 55 — 1 1, 54 8 — — — — — 1 2, 00 3
C ap it al g ra nt s, c on tr ib ut io ns an d ot he r — 2 2, 08 2 — 6 9, 22 8 3 0, 40 9 — — — 1 25 12 1, 84 4
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
T ot al p ro gr am r ev en ue s . . . . . . . —
5 7, 35 1 6 ,7 75 8 2, 86 5 6 4, 05 9 — 4 ,3 27 20 1 25 21 5, 52 2
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
N et ( ex pe ns es ) pr og ra m r ev en ue s . 3, 62 7 1 1, 98 9 (9 8, 49 5) 5 6, 55 5 5 1, 05 5 ( 96 ) 2 ,4 84 — 75 2 7, 19 4
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
G E N E R A L R E V E N U E S :
I nv es tm en t (l os s) i nc om e . . . . . . . . ( 3, 62 7) 28 0 1 93 25 35 — 15 — — (3 ,0 79 )
O th er . . . . . . . . . . . . . . . . . . . . . . . . —
— 9 8, 96 1 9 1 85 — — — — 9 9, 15 5
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
T ot al g en er al r ev en ue . . . . . . . . . ( 3, 62 7) 28 0 9 9, 15 4 34 2 20 — 15 — — 9 6, 07 6
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
C ha ng e in n et p os it io n (d ef ic it ) . . . . . —
1 2, 26 9 6 59 5 6, 58 9 5 1, 27 5 ( 96 ) 2 ,4 99 — 75 12 3, 27 0
N et p os it io n—
be gi nn in g . . . . . . . . — 27 2, 82 1 4 9, 05 5 25 3, 45 1 18 7, 58 6 5 18 5 ,7 42 5 — 76 9, 17 8
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
N et p os it io n—
en di ng . . . . . . . . . . . $
— $
28 5, 09 0 $
49 ,7 14 $
31 0, 04 0 $
23 8, 86 1 $
42 2 $
8, 24 1 $
5 $
75 $
89 2, 44 8
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
209
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II -E — C om p on en t U n it s
T H E C IT Y O F N E W Y O R K
N O N M A JO R C O M P O N E N T U N IT S
C O M B IN IN G S T A T E M E N T O F A C T IV IT IE S
F O R T H E Y E A R E N D E D J U N E 3 0, 2 01 4
(i n th ou sa nd s)
W T C C ap ti ve
In su ra n ce B ro ok ly n N av y B u si n es s
C om p an y, I n c. Y ar d I n d u st ri al T h e T ru st f or B ro ok ly n R el oc at io n B u il d N Y C N Y C L an d
D ec em b er 3 1, D ev el op m en t D ev el op m en t G ov er n or s B ri d ge P ar k A ss is ta n ce R es ou rc e D ev el op m en t
2 01 3 C or p or at io n A ge n cy I sl an d C or p or at io n C or p or at io n C or p or at io n C or p or at io n T ot al
_ __ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
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53 $
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_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
P R O G R A M R E V E N U E S :
C ha rg es f or s er vi ce s . . . . . . . . . . . . . . . . . . —
3 4, 64 2 7 ,4 20 1 ,1 42 4 2, 44 5 — 3 ,2 56 20 8 8, 92 5
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C ap it al g ra nt s, c on tr ib ut io ns a nd o th er . . . . —
2 0, 18 5 — 10 3, 93 0 3 9, 44 1 — — — 16 3, 55 6
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
T ot al p ro gr am r ev en ue s . . . . . . . . . . . . . . —
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_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
N et ( ex pe ns es ) pr og ra m r ev en ue s . . . . . . . . 3, 94 2 9 ,3 25 ( 10 1, 39 1) 1 00 ,3 71 6 2, 59 3 ( 53 ) 3 ,0 41 — 7 7, 82 8
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
G E N E R A L R E V E N U E S :
In ve st m en t (l os s) i nc om e . . . . . . . . . . . . . . ( 3, 94 2) 25 3 54 32 30 1 3 — (3 ,5 69 )
O th er . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
— 9 9, 68 0 9 16 — — — 9 9, 70 5
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
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C ha ng e in n et po si ti on (d ef ic it ) . . . . . . . . . —
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be gi nn in g . . . . . . . . . . . . . . . —
26 3, 24 3 5 0, 71 2 15 3, 03 9 12 4, 94 7 5 70 2 ,6 98 5 59 5, 21 4
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
N et p os it io n—
en di ng . . . . . . . . . . . . . . . . . $
— $ 27 2, 82 1 $ 49 ,0 55 $ 25 3, 45 1 $ 18 7, 58 6 $
51 8 $
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_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
_ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ __ _
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
The City of New York
Comprehensive Annual Financial Report
of the Comptroller
OTHER SUPPLEMENTARY INFORMATION
Part II-F
Fiscal Year Ended June 30, 2015
This part of the Comprehensive Annual Financial Report presents detailed information on the:
General Fund
Capital Projects Fund
Capital Assets Used In the Operation of Governmental Funds
GENERAL FUND
OTHER SUPPLEMENTARY INFORMATION
FISCAL YEAR 2015: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,839,557,771 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,816,928,562 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278,229,811 _________________________ Total Fiscal Year 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,934,716,144 _________________________ FISCAL YEAR 2014: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 472,956,001 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194,985,801 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215,929,441 _________________________ Total Fiscal Year 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 883,871,243 _________________________ FISCAL YEAR 2013: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 293,123,938 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,633,859 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,406,092 _________________________ Total Fiscal Year 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 356,163,889 _________________________ FISCAL YEAR 2012: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,906,763 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,296,733 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,679,639 Unrestricted Federal and State Aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,399,184 _________________________ Total Fiscal Year 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83,282,319 _________________________ FISCAL YEAR 2011: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,437,267 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,704,023 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103,813 _________________________ Total Fiscal Year 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,245,103 _________________________ FISCAL YEAR 2010: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,855,956 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,320,006 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 291,720 _________________________ Total Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,467,682 _________________________ FISCAL YEAR 2009: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,968,183 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 587,176 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,196 _________________________ Total Fiscal Year 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,571,555 _________________________ FISCAL YEAR 2008: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,301,963 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,561,826 Non-Governmental Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,822 _________________________ Total Fiscal Year 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,972,611 _________________________ FISCAL YEAR 2007: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,302,925 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,290 _________________________ Total Fiscal Year 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,317,215 _________________________ FISCAL YEAR 2006: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,148 State Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99,606 _________________________ Total Fiscal Year 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148,754 _________________________ FISCAL YEAR 2005: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 651,854 _________________________ Total Fiscal Year 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 651,854 _________________________ FISCAL YEAR 2004: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,892 _________________________ Total Fiscal Year 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,892 _________________________ FISCAL YEAR 2003: Federal Grants—Categorical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,647 _________________________ Total Fiscal Year 2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,647 _________________________ Total Summary of Federal, State and Other Aid Receivables at June 30, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . $6,325,432,908 _________________________ _________________________
214
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G1
Summary of Federal, State and Other Aid Receivables at June 30, 2015
Receivable Balance Receivables by Fiscal Year June 30, 2015 ____________________________________________ _________________________________
TAXES: Real Estate Taxes (Net of Refunds) . . . . . . . . . . . . $20,980,932,000 $21,470,931,000 $21,517,932,115 $ 47,001,115 __________________________ __________________________ __________________________ __________________________ Sales and Use Taxes: General Sales . . . . . . . . . . . . . . . . . . . . . . . . . 6,666,000,000 6,774,900,000 6,755,971,058 (18,928,942) Cigarette . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,000,000 53,033,000 49,897,384 (3,135,616) Commercial Motor Vehicle . . . . . . . . . . . . . . 50,000,000 53,650,000 60,756,538 7,106,538 Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . 874,000,000 1,143,000,000 1,154,626,971 11,626,971 Auto Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,000,000 29,000,000 29,679,690 679,690 __________________________ __________________________ __________________________ __________________________ Total Sales and Use Taxes . . . . . . . . . . . 7,672,000,000 8,053,583,000 8,050,931,641 (2,651,359) __________________________ __________________________ __________________________ __________________________ Income Taxes (Net of Refunds): Personal Income . . . . . . . . . . . . . . . . . . . . . . 9,851,000,000 11,185,750,000 11,294,668,667 108,918,667 __________________________ __________________________ __________________________ __________________________ Other Income Taxes (Net of Refunds): General Corporation . . . . . . . . . . . . . . . . . . . 2,858,000,000 3,564,471,760 3,335,916,960 (228,554,800) Financial Corporation . . . . . . . . . . . . . . . . . . 1,168,000,000 1,386,000,000 1,658,179,166 272,179,166 Unincorporated Business Income . . . . . . . . . 1,933,000,000 2,086,700,000 2,064,595,528 (22,104,472) Personal Income (Non-Resident City Employees) . . . . . . . . . . . . . . . . . . . . . . . . 121,000,000 134,000,000 145,435,820 11,435,820 Utility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 415,000,000 399,003,000 397,914,059 (1,088,941) __________________________ __________________________ __________________________ __________________________ Total Other Income Taxes . . . . . . . . . . . 6,495,000,000 7,570,174,760 7,602,041,533 31,866,773 __________________________ __________________________ __________________________ __________________________ Other Taxes: Payment in Lieu of Taxes . . . . . . . . . . . . . . . 256,000,000 285,200,000 304,584,515 19,384,515 Hotel Room Occupancy . . . . . . . . . . . . . . . . 535,000,000 568,200,000 559,845,959 (8,354,041) Commercial Rent . . . . . . . . . . . . . . . . . . . . . . 715,000,000 779,000,000 787,035,441 8,035,441 Horse Race Admissions . . . . . . . . . . . . . . . . . 20,000 35,000 38,108 3,108 Conveyance of Real Property . . . . . . . . . . . . 1,352,000,000 1,779,299,000 1,772,193,490 (7,105,510) Beer and Liquor Excise . . . . . . . . . . . . . . . . . 24,000,000 24,000,000 24,584,502 584,502 Taxi Medallion Transfer . . . . . . . . . . . . . . . . 8,000,000 4,000,000 3,401,444 (598,556) Surcharge on Liquor Licenses . . . . . . . . . . . . 5,000,000 5,250,000 6,176,311 926,311 Refunds of Other Taxes . . . . . . . . . . . . . . . . . (29,000,000) (32,000,000) (33,653,712) (1,653,712) Off-Track Betting Surtax . . . . . . . . . . . . . . . . 1,250,000 1,250,000 1,027,650 (222,350) __________________________ __________________________ __________________________ __________________________ Total Other Taxes . . . . . . . . . . . . . . . . . . 2,867,270,000 3,414,234,000 3,425,233,708 10,999,708 __________________________ __________________________ __________________________ __________________________ Penalties and Interest on Delinquent Taxes Penalties and Interest on Real Estate Taxes . . 45,000,000 55,000,000 56,594,431 1,594,431 Tax Audit Revenue . . . . . . . . . . . . . . . . . . . . 709,400,000 — — — Refunds on Penalties and Interest on Other Taxes . . . . . . . . . . . . . . . . . . . . . . . . (3,000,000) (3,000,000) (6,061,275) (3,061,275) __________________________ __________________________ __________________________ __________________________ Total Penalties and Interest on Delinquent Taxes . . . . . . . . . . . . . . . . 751,400,000 52,000,000 50,533,156 (1,466,844) __________________________ __________________________ __________________________ __________________________ Total Other Taxes and Penalties and Interest on Delinquent Taxes . . . . . . . 3,618,670,000 3,466,234,000 3,475,766,864 9,532,864 __________________________ __________________________ __________________________ __________________________ Total Taxes . . . . . . . . . . . . . . . . . . . . . . . 48,617,602,000 51,746,672,760 51,941,340,820 194,668,060 __________________________ __________________________ __________________________ __________________________
215
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G2
Revenues vs. Budget by Category
Better (Worse) Budget Actual Than Modified _____________________________________________________________________________ Adopted Modified Revenue Budget _________________________________ _________________________________ _________________________________ _________________________________
FEDERAL GRANTS—CATEGORICAL: General Government . . . . . . . . . . . . . . . . . . . $ 357,792,287 $ 759,199,913 $ 697,635,672 $ (61,564,241) Public Safety and Judicial . . . . . . . . . . . . . . . 134,043,318 374,565,643 374,406,415 (159,228) Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,735,620,630 1,711,128,103 1,676,898,264 (34,229,839) Social Services . . . . . . . . . . . . . . . . . . . . . . . 3,311,983,167 3,516,293,839 3,140,540,239 (375,753,600) Environmental Protection . . . . . . . . . . . . . . . 123,290 34,693,293 6,502,308 (28,190,985) Transportation Services . . . . . . . . . . . . . . . . . 73,679,904 131,229,790 86,335,744 (44,894,046) Parks, Recreation and Cultural Activities . . . — 2,055,672 1,342,088 (713,584) Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 350,831,287 494,680,049 478,272,578 (16,407,471) Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 295,332,310 332,778,805 320,211,069 (12,567,736) City University . . . . . . . . . . . . . . . . . . . . . . . — 21,875 1,892,055 1,870,180 __________________________ __________________________ __________________________ __________________________ Total Federal Grants—Categorical . . . . 6,259,406,193 7,356,646,982 6,784,036,432 (572,610,550) __________________________ __________________________ __________________________ __________________________ STATE GRANTS—CATEGORICAL: General Government . . . . . . . . . . . . . . . . . . . 680,420,755 678,497,363 671,196,355 (7,301,008) Public Safety and Judicial . . . . . . . . . . . . . . . 60,644,590 84,031,933 84,678,957 647,024 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,253,461,431 9,191,671,451 9,131,457,718 (60,213,733) Social Services . . . . . . . . . . . . . . . . . . . . . . . 1,513,603,275 1,612,370,247 1,450,044,373 (162,325,874) Environmental Protection . . . . . . . . . . . . . . . 25,000 895,885 876,654 (19,231) Transportation Services . . . . . . . . . . . . . . . . . 164,989,789 183,098,536 165,084,230 (18,014,306) Parks, Recreation and Cultural Activities . . . — 2,418,307 2,250,029 (168,278) Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,075,000 1,116,708 683,208 (433,500) Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 467,697,104 500,393,327 363,987,275 (136,406,052) City University . . . . . . . . . . . . . . . . . . . . . . . 259,746,190 261,746,190 226,761,088 (34,985,102) __________________________ __________________________ __________________________ __________________________ Total State Grants—Categorical . . . . . . 12,401,663,134 12,516,239,947 12,097,019,887 (419,220,060) __________________________ __________________________ __________________________ __________________________ NON-GOVERNMENTAL GRANTS: General Government . . . . . . . . . . . . . . . . . . . 468,187,518 497,780,192 270,341,835 (227,438,357) Public Safety and Judicial . . . . . . . . . . . . . . . 199,731,159 204,938,644 190,414,866 (14,523,778) Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120,586,061 158,948,910 151,461,011 (7,487,899) Social Services . . . . . . . . . . . . . . . . . . . . . . . — 3,000,250 3,000,000 (250) Environmental Protection . . . . . . . . . . . . . . . 750,000 19,111,889 17,714,445 (1,397,444) Transportation Services . . . . . . . . . . . . . . . . . 1,876,619 2,393,119 2,026,409 (366,710) Parks, Recreation and Cultural Activities . . . 1,345,720 15,299,129 14,838,637 (460,492) Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,665,607 12,197,266 6,812,186 (5,385,080) Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,270,258 2,175,600 1,143,662 (1,031,938) City University . . . . . . . . . . . . . . . . . . . . . . . 13,702,270 10,143,482 8,905,563 (1,237,919) __________________________ __________________________ __________________________ __________________________ Total Non-Governmental Grants—Categorical . . . . . . . . . . . . . 809,115,212 925,988,481 666,658,614 (259,329,867) __________________________ __________________________ __________________________ __________________________ Provision for Disallowances of Federal, State and Other Aid: . . . . . . . . . . . . . . . . . . . (15,000,000) (15,000,000) (109,972,498) (94,972,498) __________________________ __________________________ __________________________ __________________________ Total Federal, State, and Other Categorical Aid (Net) . . . . . . . . . . . . 19,455,184,539 20,783,875,410 19,437,742,435 (1,346,132,975) __________________________ __________________________ __________________________ __________________________ UNRESTRICTED FEDERAL AND STATE AID: Intergovernmental Aid . . . . . . . . . . . . . . . . . . — — 408,643 408,643 __________________________ __________________________ __________________________ __________________________ Total Unrestricted Federal and State Aid . . . . . . . . . . . . . . . . . . . . . . — — 408,643 408,643 __________________________ __________________________ __________________________ __________________________
216
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G2 (Cont.)
Revenues vs. Budget by Category
Better (Worse) Budget Actual Than Modified _____________________________________________________________________________ Adopted Modified Revenue Budget _________________________________ _________________________________ _________________________________ _________________________________
CHARGES FOR SERVICES: General Government Charges . . . . . . . . . . . . $ 920,249,207 $ 970,198,255 $ 973,755,689 $ 3,557,434 Water and Sewer . . . . . . . . . . . . . . . . . . . . . . 1,559,171,000 1,537,338,000 1,439,414,736 (97,923,264) Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 48,131,442 48,131,442 Rental Income . . . . . . . . . . . . . . . . . . . . . . . . 272,399,000 270,099,000 283,835,408 13,736,408 __________________________ __________________________ __________________________ __________________________ Total Charges for Services . . . . . . . . . . . 2,751,819,207 2,777,635,255 2,745,137,275 (32,497,980) __________________________ __________________________ __________________________ __________________________ INVESTMENT INCOME . . . . . . . . . . . . . . . . . . . . . . . . 9,570,000 20,642,000 29,888,667 9,246,667 __________________________ __________________________ __________________________ __________________________ OTHER REVENUES: LICENSES, PERMITS, PRIVILEGES AND FRANCHISES: Licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,540,494 78,274,494 81,457,616 3,183,122 Permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,392,000 259,182,000 277,378,443 18,196,443 Privileges and Franchises . . . . . . . . . . . . . . . 326,239,000 340,926,000 344,171,875 3,245,875 __________________________ __________________________ __________________________ __________________________ Total Licenses, Permits, Privileges, and Franchises . . . . . . . . . . . . . . . . . . 583,171,494 678,382,494 703,007,934 24,625,440 __________________________ __________________________ __________________________ __________________________ FINES AND FORFEITURES: Fines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 785,750,000 950,282,000 957,006,132 6,724,132 Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,112,000 2,332,000 2,278,767 (53,233) __________________________ __________________________ __________________________ __________________________ Total Fines and Forfeitures . . . . . . . . . . 788,862,000 952,614,000 959,284,899 6,670,899 __________________________ __________________________ __________________________ __________________________ MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,965,906,808 2,006,376,008 1,665,639,991 (340,736,017) __________________________ __________________________ __________________________ __________________________ Total Other Revenues . . . . . . . . . . . . . . 3,337,940,302 3,637,372,502 3,327,932,824 (309,439,678) __________________________ __________________________ __________________________ __________________________ Total Revenues . . . . . . . . . . . . . . . . . . . 74,172,116,048 78,966,197,927 77,482,450,664 (1,483,747,263) __________________________ __________________________ __________________________ __________________________ OTHER FINANCING SOURCES: Pollution Remediation—Bond Sales . . . . . . . — 315,274,203 241,126,140 (74,148,063) Transfer from General Debt Service Fund . . 81,698,935 81,785,839 81,785,839 — Transfer from Nonmajor Debt Service Fund . . 240,372,103 229,947,410 229,949,409 1,999 __________________________ __________________________ __________________________ __________________________ Total Other Financing Sources . . . . . . . 322,071,038 627,007,452 552,861,388 (74,146,064) __________________________ __________________________ __________________________ __________________________ Total Revenues vs. Budget by Category . . $74,494,187,086 $79,593,205,379 $78,035,312,052 $(1,557,893,327) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
217
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G2 (Cont.)
Revenues vs. Budget by Category
Better (Worse) Budget Actual Than Modified _____________________________________________________________________________ Adopted Modified Revenue Budget _________________________________ _________________________________ _________________________________ _________________________________
002 MAYORALTY 00001 Real Estate Taxes—Fiscal 2015—
1st Quarter . . . . . . . . . . . . . . . . . . . $ 8,859,027,186 $ 8,942,025,000 $ 8,920,774,352 $ 8,401,443,357 00002 Real Estate Taxes—Fiscal 2015—
2nd Quarter . . . . . . . . . . . . . . . . . . 1,705,286,814 1,681,289,000 1,696,793,951 1,600,958,957 00003 Real Estate Taxes—Fiscal 2015—
3rd Quarter . . . . . . . . . . . . . . . . . . . 8,784,260,000 8,934,260,000 8,838,291,204 8,240,171,929 00004 Real Estate Taxes—Fiscal 2015—
4th Quarter . . . . . . . . . . . . . . . . . . . 1,603,558,000 1,663,558,000 1,650,296,998 1,612,974,919 00005 Real Estate Taxes—Fiscal 2014 . . . . — — 206,296,994 180,998,502 00006 Real Estate Taxes—Fiscal 2013 . . . . — — 39,391,875 45,602,572 00007 Real Estate Taxes—Fiscal 2012 . . . . — — 24,039,261 26,422,706 00008 Real Estate Taxes—Fiscal 2011 . . . . — — 11,373,960 14,650,000 00009 Real Estate Taxes—Fiscal 2010 . . . . — — 6,223,449 5,720,875 00010 Real Estate Taxes—Fiscal 2009
and Prior . . . . . . . . . . . . . . . . . . . . . — — 6,407,645 13,099,010 00021 Real Estate Tax Refunds . . . . . . . . . . (491,200,000) (291,200,000) (204,543,093) (291,021,190) 00023 Co-op/Condo Abatement—
Adjustment . . . . . . . . . . . . . . . . . . . — — 1,027,002 53,524,929 00024 Real Estate Tax Refunds—
Recoupment . . . . . . . . . . . . . . . . . . — — 18,767 86,143 00026 State Aid School Tax Relief . . . . . . . 202,000,000 200,999,000 200,999,374 224,640,513 00030 Real Estate Tax—Sandy Rebate . . . . — — — (2,500,000) 00033 Interest on Tax Receivable . . . . . . . . . 30,000,000 36,000,000 37,056,561 44,621,592 00034 Real Property Tax Liens Sales . . . . . . 58,000,000 80,000,000 92,989,858 84,038,402 00036 Defective Lien Refunds . . . . . . . . . . . — — 3,021,382 (2,820,114) 00048 Prior Year Real Estate Tax Accrual . . — — (68,046,325) (74,015,512) 00049 Accrued Real Estate Tax Revenue . . . 260,000,000 260,000,000 92,857,650 68,046,325 00050 General Sales Tax . . . . . . . . . . . . . . . 6,666,000,000 6,774,900,000 6,742,388,405 6,493,589,028 00070 Cigarette Tax . . . . . . . . . . . . . . . . . . . 53,000,000 53,033,000 49,718,133 53,970,694 00073 Commercial Motor Vehicle Tax . . . . . 50,000,000 53,650,000 60,280,538 49,603,740 00077 Mortgage Tax . . . . . . . . . . . . . . . . . . . 874,000,000 1,143,000,000 1,154,626,971 960,851,926 00079 Auto Use Tax . . . . . . . . . . . . . . . . . . . 29,000,000 29,000,000 29,679,689 28,898,412 00088 School Tax Relief—PIT . . . . . . . . . . 660,000,000 659,000,000 634,500,000 613,000,000 00090 Personal Income Tax
(Net of Refunds) . . . . . . . . . . . . . . 9,191,000,000 10,526,750,000 10,629,357,769 9,538,656,994 00093 General Corporation Tax
(Net of Refunds) . . . . . . . . . . . . . . 2,858,000,000 3,564,471,760 2,873,390,127 2,766,492,118 00095 Financial Corporation Tax
(Net of Refunds) . . . . . . . . . . . . . . 1,168,000,000 1,386,000,000 1,213,556,845 1,227,154,399 00099 Unincorporated Business Income Tax
(Net of Refunds) . . . . . . . . . . . . . . 1,933,000,000 2,086,700,000 1,962,200,686 1,882,332,310 00102 Personal Income Tax (Nonresident
City Employees) . . . . . . . . . . . . . . 121,000,000 134,000,000 145,435,820 130,688,014 00103 Utility Tax . . . . . . . . . . . . . . . . . . . . . 415,000,000 399,003,000 384,004,441 405,267,833 00110 Payment in Lieu of Taxes . . . . . . . . . 256,000,000 285,200,000 302,172,015 267,793,894 00112 Hotel Room Occupancy Tax . . . . . . . 535,000,000 568,200,000 556,302,655 535,868,932 00113 Commercial Rent Tax . . . . . . . . . . . . 715,000,000 779,000,000 734,821,939 710,402,302 00114 Refunds of All Other Taxes . . . . . . . . (29,000,000) (32,000,000) (33,653,712) (28,608,278) 00115 Horse Race Admissions Tax . . . . . . . 20,000 35,000 38,108 19,725
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 ____________________________ _________________________________ _________________________________ _________________________________ _________________________________
218
(Continued)
002 MAYORALTY (cont.) 00121 Off-Track Betting Surtax . . . . . . . . . . $ 1,250,000 $ 1,250,000 $ 1,027,650 $ 1,241,483 00122 Conveyance of Real Property Tax . . . 1,352,000,000 1,779,299,000 1,765,212,517 1,527,311,596 00124 Beer and Liquor Excise Tax . . . . . . . 24,000,000 24,000,000 24,584,502 22,603,618 00125 Taxi Medallion Transfer Tax . . . . . . . 8,000,000 4,000,000 3,401,445 5,735,213 00126 Surcharge on Liquor Licenses . . . . . . 5,000,000 5,250,000 5,911,311 5,963,278 00130 Penalties and Interest on
Real Estate Taxes . . . . . . . . . . . . . . 15,000,000 19,000,000 19,537,870 19,609,718 00134 Refunds—Penalty and Interest on
Other Taxes . . . . . . . . . . . . . . . . . . (3,000,000) (3,000,000) (6,061,275) (3,341,700) 00135 Tax Audit Revenue . . . . . . . . . . . . . . 709,400,000 — — — 00200 Licenses—General . . . . . . . . . . . . . . 8,898,000 8,898,000 8,424,731 10,499,818 00250 Permits—General . . . . . . . . . . . . . . . 130,000 130,000 170,076 180,399 00470 Other Services and Fees . . . . . . . . . . 400,000 400,000 153,800 222,950 00476 Administrative Services to the Public . . 5,000,000 5,000,000 5,440,290 5,136,222 00521 Reimbursement from Water Board . . 1,328,171,000 1,332,707,000 1,233,835,537 1,276,549,548 00522 Payment from Water Board . . . . . . . . 231,000,000 204,631,000 205,579,199 214,000,368 00600 Fines—General . . . . . . . . . . . . . . . . . 7,135,000 8,500,000 8,926,194 8,402,224 00752 Airport Rentals—Port Authority of
New York and New Jersey . . . . . . . 128,500,000 128,500,000 128,461,002 128,464,311 00846 Awards from Litigation . . . . . . . . . . . 123,824,000 113,360,000 113,362,000 132,465,000 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 1,184,500,000 1,736,152,000 1,290,176,259 375,147,318 00923 Emergency Shelter . . . . . . . . . . . . . . . — 62,500 62,500 62,500 00931 Community Development City—
Wide Grants . . . . . . . . . . . . . . . . . . 219,451,268 224,873,193 154,896,025 161,861,781 00937 CDBG—Disaster Recovery . . . . . . . 25,522,920 362,060,287 338,713,633 145,518,992 02100 Emergency Demolition Program . . . . — — 3,292,380 1,355,019 02101 Sweat Equity . . . . . . . . . . . . . . . . . . . — — 31,728 51,517 02105 Management of City Buildings—
7A Administrator . . . . . . . . . . . . . . — — 509,473 2,921,273 02107 Emergency Repairs . . . . . . . . . . . . . . — — 17,662,397 16,705,229 02108 Participation Loans . . . . . . . . . . . . . . — — 74,396 74,934 02112 Vacant Lot Clean-Up . . . . . . . . . . . . . — — 957,759 1,134,523 02114 Tenant Interim Lease . . . . . . . . . . . . . — — 1,603,075 1,097,004 02119 Housing Court Fines . . . . . . . . . . . . . — — 5,147,268 4,193,123 02128 Computer Information Technology . . — — 24,388 31,646 02130 Single Room Occupancy
Rehab Loan . . . . . . . . . . . . . . . . . . — — 136,125 113,276 02132 Neighborhood Commercial
Revitalization . . . . . . . . . . . . . . . . . — — 13,747 — 02138 Federal Urban Renewal Leases
and Rents . . . . . . . . . . . . . . . . . . . . — — 1,568,925 1,539,260 02146 Program Income Audit Adjustment . . — — 1,606,071 3,250 02147 EDC Community Development
Revenue . . . . . . . . . . . . . . . . . . . . . — — 14,322 14,322 02165 Alternative Enforcement—Repairs . . — — 5,064,573 3,581,992 02166 Alternative Enforcement—Fees . . . . — — 900,416 1,064,923 02167 Emergency Repairs Program II . . . . . — — 1,454,514 1,828,423 02168 Emergency Demolition Program II . . — — 178,352 308,746 02169 CD Multiple Dwelling & Copy Fees . . — — 1,433,673 1,851,754
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 ____________________________ _________________________________ _________________________________ _________________________________ _________________________________
219
(Continued)
002 MAYORALTY (cont.) 02170 CD Dismissal Request . . . . . . . . . . . . $ — $ — $ 1,800,269 $ 1,640,560 02171 Heat & Hot Water Violations . . . . . . . — — 76,179 84,200 02172 Civil Penalties . . . . . . . . . . . . . . . . . . — — 191,638 157,264 02173 Heat and Hot Water Fees . . . . . . . . . . — — 145,326 127,439 02174 CityStore Sales . . . . . . . . . . . . . . . . . — — 150 4,070 03258 Ebola Preparedness and Response . . — 6,957,878 7,195,212 — 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — — 7,843 03304 FEMA Sandy E Buildings and
Equipment . . . . . . . . . . . . . . . . . . . — 5,166 — — 04227 Drug Treatment Court . . . . . . . . . . . . — 200,000 200,000 — 04230 Arrest Policies and Enforcement
Protection . . . . . . . . . . . . . . . . . . . . — 52,446 40,701 235,171 04237 Juvenile Accountability Incentive . . . — 200,244 184,146 373,373 04244 Urban Areas Security Initiative . . . . . — 159,028 122,948 — 04249 Domestic Preparedness Equipment
Support . . . . . . . . . . . . . . . . . . . . . . 52,300 — — 59,315 04261 Justice Assistance Grant Funds . . . . . — 1,440,036 1,435,406 1,493,394 04267 Prisoners Reentry Initiative . . . . . . . . — 847,325 847,325 598,415 04269 Criminal, Juvenile Justice and
Mental Health . . . . . . . . . . . . . . . . — 361,220 361,219 — 04271 Recovery Act Justice Assistance
Local . . . . . . . . . . . . . . . . . . . . . . . — — — 27,277 04287 Public Safety Officers’ Benefits
Program . . . . . . . . . . . . . . . . . . . . . — 125,563 125,561 — 19927 Alternatives to Incarceration . . . . . . . — 2,073,310 1,959,744 1,770,420 29978 State Aid Pension Reimbursement . . 1,160,707 1,160,707 631,707 691,446 30553 Indigent Legal Services Fund . . . . . . — 103,162 63,899 72,101 30800 New York City Veterans
Service Agency . . . . . . . . . . . . . . . 311,780 319,937 353,986 351,745 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 9,261 9,261 — 31907 Management Welfare Fund . . . . . . . . 691,542 709,714 425,553 1,094,166 31910 Municipal Labor Relations Deferred
Compensation Fund . . . . . . . . . . . . 1,452,470 1,503,030 528,301 956,086 31920 Municipal Labor Relations Flexible
Spending Plan . . . . . . . . . . . . . . . . 197,348 200,070 — — 31924 Water Authority Grant . . . . . . . . . . . . 679,910 752,047 418,895 555,704 31934 Transitional Finance Authority . . . . . 1,241,977 1,250,116 1,605,483 1,421,235 41900 Private Grants . . . . . . . . . . . . . . . . . . — 177,597 171,733 180,000 43900 Private Grants . . . . . . . . . . . . . . . . . . 702,836 1,077,632 370,660 332,439 44021 Primary Care Development
Debt Service . . . . . . . . . . . . . . . . . . 3,610,000 3,487,038 3,487,038 676,351 44061 Non-Governmental Grants . . . . . . . . — 219,913 — 314,033 44999 NYC Build It Back Home Repair
Program . . . . . . . . . . . . . . . . . . . . . — — 5,104 — 55025 Federal Cash Adjustments . . . . . . . . . — — 377,333 1,073,591 55026 State Cash Adjustments . . . . . . . . . . . — — 19,405 — 55027 Other Cat Cash Adjustments . . . . . . . — — 11,905 —
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
220
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
221
(Continued)
002 MAYORALTY (cont.) 57000 Reimbursement—Overhead Costs . . $ 7,273,009 $ 7,341,917 $ 11,817,292 $ 12,622,875 60000 Provision for Disallowances of
Federal, State and Other Aid . . . . . (15,000,000) (15,000,000) (109,972,498) (18,555,893) ______________ ______________ ______________ ______________ Total Mayoralty . . . . . . . . . . . . . . . . . 51,882,508,067 55,887,681,097 54,262,591,023 49,966,495,429 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — 2,249,775 (169,742,205) ______________ ______________ ______________ ______________ Net Total Mayoralty . . . . . . . . . . . . . 51,882,508,067 55,887,681,097 54,264,840,798 49,796,753,224 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 003 BOARD OF ELECTIONS 00476 Administrative Services to
the Public . . . . . . . . . . . . . . . . . . . . 55,000 55,000 20,803 40,115 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 60,000 60,000 19,919 33,402 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . 1,000 1,000 — 360 15614 Help America Vote Act . . . . . . . . . . . 234,737 144,328 144,190 402,604 30907 Election Funding . . . . . . . . . . . . . . . . 1,987,764 96,223 103,360 236,985 ______________ ______________ ______________ ______________ Total Board of Elections . . . . . . . . . . 2,338,501 356,551 288,272 713,466 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (541,399) ______________ ______________ ______________ ______________ Net Total Board of Elections . . . . . . . 2,338,501 356,551 288,272 172,067 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 004 CAMPAIGN FINANCE BOARD 00470 Other Services and Fees . . . . . . . . . . 2,000 2,000 1,774 598 00600 Fines—General . . . . . . . . . . . . . . . . . — — 96,759 142,779 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — — 43,218 03304 FEMA Sandy E Buildings and
Equipment . . . . . . . . . . . . . . . . . . . — — — 11,412 ______________ ______________ ______________ ______________ Total Campaign Finance Board . . . . . 2,000 2,000 98,533 198,007 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 010 BOROUGH PRESIDENT—MANHATTAN 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 122,000 122,000 232,950 192,660 ______________ ______________ ______________ ______________ Total Borough President—Manhattan . . 122,000 122,000 232,950 192,660 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 011 BOROUGH PRESIDENT—BRONX 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 55,000 55,000 41,283 42,275 04230 Arrest Policies and Enforcement
Protection . . . . . . . . . . . . . . . . . . . . — 162,630 162,628 153,138 29869 State Local Initiative . . . . . . . . . . . . . — 102,308 100,401 100,000 ______________ ______________ ______________ ______________ Total Borough President—Bronx . . . 55,000 319,938 304,312 295,413 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 012 BOROUGH PRESIDENT—BROOKLYN 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 143,500 143,500 254,919 219,454 04230 Arrest Policies and Enforcement
Protection . . . . . . . . . . . . . . . . . . . . — 257,982 197,228 454,311 04240 Training Grants to Stop Elder Abuse . . — 41,360 41,359 37,421 04257 Grants to Encourage Arrest Policies . . — 135,519 61,137 48,529 23911 Environmental Conservation . . . . . . . — 359,500 359,500 173,000
012 BOROUGH PRESIDENT—BROOKLYN (cont.) 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . $ — $ 75,000 $ 75,000 $ — ______________ ______________ ______________ ______________ Total Borough President—Brooklyn . . 143,500 1,012,861 989,143 932,715 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (23,450) ______________ ______________ ______________ ______________ Net Total Borough President—
Brooklyn . . . . . . . . . . . . . . . . . . . . 143,500 1,012,861 989,143 909,265 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 013 BOROUGH PRESIDENT—QUEENS 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 345,000 345,000 220,060 225,730 04175 Violence Against Women
Formula Grants . . . . . . . . . . . . . . . — 343,029 343,028 409,001 30552 NYS Department of State . . . . . . . . . — 34,250 45,951 — ______________ ______________ ______________ ______________ Total Borough President—Queens . . 345,000 722,279 609,039 634,731 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 014 BOROUGH PRESIDENT—STATEN ISLAND 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 50,000 50,000 65,600 67,900 ______________ ______________ ______________ ______________ Total Borough President—
Staten Island . . . . . . . . . . . . . . . . . . 50,000 50,000 65,600 67,900 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 015 OFFICE OF THE COMPTROLLER 00470 Other Services and Fees . . . . . . . . . . 145,000 145,000 211,535 340,467 00846 Awards from Litigation . . . . . . . . . . . 1,750,000 1,250,000 1,200,938 1,606,634 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 3,439,000 3,439,000 3,258,359 8,805,649 43900 Private Grants . . . . . . . . . . . . . . . . . . 6,789,359 6,975,386 6,324,542 6,826,342 56001 Interest Income—Other . . . . . . . . . . . 7,670,000 20,000,000 29,231,027 15,151,670 56003 Interest Income—Debt Service Fund 1,220,000 160,000 157,589 275,087 ______________ ______________ ______________ ______________ Total Office of the Comptroller . . . . . 21,013,359 31,969,386 40,383,990 33,005,849 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (12,062) (410) ______________ ______________ ______________ ______________ Net Total Office of the Comptroller . . 21,013,359 31,969,386 40,371,928 33,005,439 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 017 DEPARTMENT OF EMERGENCY MANAGEMENT 03255 Urban Search, Rescue and
Response System . . . . . . . . . . . . . . — 1,494,674 1,497,618 1,527,368 03266 Emergency Management
Performance Grants . . . . . . . . . . . . 1,651,376 2,378,052 — 1,729,178 03267 Citizen Corps . . . . . . . . . . . . . . . . . . . — — — 14,866 03269 Pre-Disaster Mitigation . . . . . . . . . . . — 440,818 266,186 288,091 03282 Metropolitan Medical
Response System . . . . . . . . . . . . . . — 67,807 — 685,435 03283 Regional Catastrophic Preparedness . . — 4,523,509 830,273 5,457,858 03284 Interoperable Communication
Equipment . . . . . . . . . . . . . . . . . . . — — — 149,937 03287 Cooperating Technical Partners . . . . . — 434,609 279,608 — 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — — 1,793,037 03951 Emergency Management
Performance Grants . . . . . . . . . . . . — 2,344,096 955,924 2,290,321 04244 Urban Areas Security Initiative . . . . . 391,000 19,861,395 12,683,193 21,661,929
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
222
(Continued)
017 DEPARTMENT OF EMERGENCY MANAGEMENT (cont.) 30001 State Disaster Relief . . . . . . . . . . . . . $ — $ 331,358 $ — $ — 43900 Private Grants . . . . . . . . . . . . . . . . . . — 69,294 — 300,601 45001 Pollution Remediation—Bond Sales . . — 1,754 1,754 — ______________ ______________ ______________ ______________ Total Department of Emergency
Management . . . . . . . . . . . . . . . . . 2,042,376 31,947,366 16,514,556 35,898,621 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (229,421) 627,631 ______________ ______________ ______________ ______________ Net Total Department of Emergency
Management . . . . . . . . . . . . . . . . . 2,042,376 31,947,366 16,285,135 36,526,252 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 021 OFFICE OF ADMINISTRATIVE TAX APPEALS 00470 Other Services and Fees . . . . . . . . . . 1,475,000 1,475,000 1,483,161 1,558,596 ______________ ______________ ______________ ______________ Total Office of Administrative
Tax Appeals . . . . . . . . . . . . . . . . . . 1,475,000 1,475,000 1,483,161 1,558,596 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 025 LAW DEPARTMENT 00600 Fines—General . . . . . . . . . . . . . . . . . 1,375,000 1,000,000 882,106 1,088,415 00820 Sales of City Real Property . . . . . . . . 275,000 765,000 762,092 1,322,698 00846 Awards from Litigation . . . . . . . . . . . 10,207,000 12,850,000 13,505,738 10,217,348 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 8,604,000 9,779,000 11,683,254 10,838,444 04216 Post Detention Responsibility . . . . . . — 40,931 40,931 53,365 43900 Private Grants . . . . . . . . . . . . . . . . . . 417,024 550,748 550,747 698,077 ______________ ______________ ______________ ______________ Total Law Department . . . . . . . . . . . . 20,878,024 24,985,679 27,424,868 24,218,347 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (15,155) ______________ ______________ ______________ ______________ Net Total Law Department . . . . . . . . 20,878,024 24,985,679 27,424,868 24,203,192 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 030 DEPARTMENT OF CITY PLANNING 00470 Other Services and Fees . . . . . . . . . . 12,000 12,000 55,370 13,640 00476 Administrative Services to the Public . . 1,031,000 1,031,000 519,192 1,993,834 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 932,000 932,000 977,915 1,491,325 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 100,000 100,000 45,426 60,767 16053 Urban Mass Transportation
Administration Transit Studies . . . 1,936,321 4,172,250 1,988,755 1,974,894 23911 Environmental Conservation . . . . . . . — 23,150 — — 30264 NYS Local Waterfront Revitalization . . — 291,819 204,152 49,364 43900 Private Grants . . . . . . . . . . . . . . . . . . — 74,957 92,500 69,375 50005 Sustainable Communities Regional
Planning Grant Program . . . . . . . . — — — 283,166 ______________ ______________ ______________ ______________ Total Department of City Planning . . 4,011,321 6,637,176 3,883,310 5,936,365 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (109,949) (46,263) ______________ ______________ ______________ ______________ Net Total Department of
City Planning . . . . . . . . . . . . . . . . . 4,011,321 6,637,176 3,773,361 5,890,102 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 032 DEPARTMENT OF INVESTIGATION 00470 Other Services and Fees . . . . . . . . . . 3,193,040 2,697,740 2,838,195 2,597,247 00600 Fines—General . . . . . . . . . . . . . . . . . 10,000 10,000 — — 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 576,500 576,500 530,565 486,660 03204 Asset Forfeitures . . . . . . . . . . . . . . . . 33,366 894,247 894,247 2,193,436
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
223
(Continued)
032 DEPARTMENT OF INVESTIGATION (cont.) 03304 FEMA Sandy E Buildings and
Equipment . . . . . . . . . . . . . . . . . . . $ — $ — $ — $ 22,791 04283 Equitable Sharing Program . . . . . . . . 706,325 3,825,759 3,822,227 2,804,438 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — — — 74,840 43900 Private Grants . . . . . . . . . . . . . . . . . . 604,496 428,963 428,962 432,234 43999 NYC Housing Authority Supervisor . . — 2,568,743 2,568,743 772,503 ______________ ______________ ______________ ______________ Total Department of Investigation . . . 5,123,727 11,001,952 11,082,939 9,384,149 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (39,660) ______________ ______________ ______________ ______________ Net Total Department of
Investigation . . . . . . . . . . . . . . . . . . 5,123,727 11,001,952 11,082,939 9,344,489 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 037 NEW YORK PUBLIC LIBRARY 45001 Pollution Remediation—Bond Sales . . — 134,471 134,471 110,871 ______________ ______________ ______________ ______________ Total New York Public Library . . . . . — 134,471 134,471 110,871 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (156,000) — ______________ ______________ ______________ ______________ Net Total New York Public Library . . — 134,471 (21,529) 110,871 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 038 BROOKLYN PUBLIC LIBRARY 03300 FEMA Sandy A Debris Removal . . . — — 50,893 — 45001 Pollution Remediation—Bond Sales . . — 61,424 61,424 202,621 ______________ ______________ ______________ ______________ Total Brooklyn Public Library . . . . . — 61,424 112,317 202,621 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 039 QUEENS BOROUGH PUBLIC LIBRARY 45001 Pollution Remediation—Bond Sales . . — 55,574 55,574 51,254 ______________ ______________ ______________ ______________ Total Queens Borough Public Library — 55,574 55,574 51,254 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 040 DEPARTMENT OF EDUCATION 00460 Education Services and Fees . . . . . . . 12,750,000 14,750,000 14,503,336 15,686,687 00760 Rentals—Other . . . . . . . . . . . . . . . . . 28,000,000 33,500,000 36,985,969 35,980,224 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 15,173,968 20,250,968 26,087,534 37,144,036 03300 FEMA Sandy A Debris Removal . . . — 30,592 30,592 — 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — — 6,949,320 03304 FEMA Sandy E Buildings and
Equipment . . . . . . . . . . . . . . . . . . . — 8,515,141 8,515,141 — 11919 Medical Assistance Program . . . . . . . 67,000,000 27,450,004 27,450,000 15,000,000 13022 Substance Abuse Prevention and
Treatment . . . . . . . . . . . . . . . . . . . . 16,691,458 15,725,401 15,725,401 15,549,568 13901 School Lunch . . . . . . . . . . . . . . . . . . . 21,038,101 33,643,105 33,643,105 30,720,818 13902 Free and Reduced Price Lunch . . . . . 300,476,353 299,517,933 299,517,933 287,052,763 13905 Vocational Education . . . . . . . . . . . . . 14,294,282 13,214,665 13,214,665 13,800,689 13907 School Breakfast Program . . . . . . . . . 61,962,643 67,542,295 67,542,295 63,182,981 13912 ECIA Title I . . . . . . . . . . . . . . . . . . . . 730,847,053 665,238,698 665,238,698 688,735,816 13914 Special Grant Miscellaneous . . . . . . . 15,000,000 7,500,001 7,500,000 12,750,000 13915 Individual Disability Education Act . . 269,781,558 269,781,558 269,781,558 234,792,480 13916 Impact Aid . . . . . . . . . . . . . . . . . . . . . 5,250,000 5,250,000 5,250,000 5,000,000
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
224
(Continued)
040 DEPARTMENT OF EDUCATION (cont.) 13919 Summer Food Service Program
for Children . . . . . . . . . . . . . . . . . . $ 18,108,427 $ 25,807,400 $ 25,807,400 $ 23,732,111 13926 ESEA Title II—Improving
Teacher Quality . . . . . . . . . . . . . . . 108,000,000 106,000,000 106,000,000 107,014,087 13927 Magnet School Money . . . . . . . . . . . 10,200,000 8,200,000 8,200,000 9,785,759 13928 Safe Drug Free Schools and
Communities . . . . . . . . . . . . . . . . . — 364,092 364,092 673,302 13936 Education for Homeless Children
and Youth . . . . . . . . . . . . . . . . . . . . 1,550,000 1,499,410 1,499,410 1,500,000 13939 Community Learning Centers . . . . . . 21,011,386 20,085,190 20,085,190 20,085,190 13941 Title III—Limited English
Proficiency . . . . . . . . . . . . . . . . . . . 34,150,327 34,150,327 34,150,327 33,261,095 13942 Mathematics and Science
Partnership . . . . . . . . . . . . . . . . . . . — 2,200,000 2,200,000 — 13945 Title I—Local Educational Grants . . 30,000,000 52,428,830 52,428,830 35,787,134 14711 State Fiscal Stabilization
Fund (I3) (ARRA) . . . . . . . . . . . . . 1,195,755 1,641,078 1,641,078 1,841,277 14712 School Improvement Grants (ARRA) . . — 1,311,296 1,311,296 13,765,698 14714 ARRA—Race to the Top Incentive . . 9,063,287 25,869,611 25,869,611 81,247,117 14715 Investing in Innovation (I3) Fund . . . — 362,735 362,735 1,120,339 14716 Teacher Incentive Fund . . . . . . . . . . . — 17,798,741 17,798,741 5,671,406 27900 School Lunch—State . . . . . . . . . . . . . 7,612,460 9,282,952 9,282,952 11,054,885 27902 Universal Pre-Kindergarten . . . . . . . . 304,998,708 304,471,083 304,471,083 4,998,708 27903 Bilingual Education . . . . . . . . . . . . . . — — — 41,716 27904 Welfare Education . . . . . . . . . . . . . . . — 400,000 400,000 400,000 27906 Miscellaneous Special Grants . . . . . . 17,500,000 15,000,000 15,000,000 15,500,001 27907 Textbooks . . . . . . . . . . . . . . . . . . . . . 74,500,443 74,572,524 74,572,524 74,065,341 27910 P.S.Aid/Special Reading . . . . . . . . . . — 387,921 387,921 316,137 27914 Charter Schools . . . . . . . . . . . . . . . . . 20,747,250 20,747,250 20,747,250 — 27920 Building Aid . . . . . . . . . . . . . . . . . . . 8,844,209 8,844,209 8,844,208 8,844,209 27921 Transportation Aid . . . . . . . . . . . . . . . 513,912,100 522,429,965 522,429,962 502,580,163 27923 Private Excess Cost Aid . . . . . . . . . . . 185,406,780 153,855,693 153,855,693 168,541,411 27924 Occupational Education Aid . . . . . . . 82,275,670 96,595,807 96,595,807 83,124,814 29253 Data Processing Program . . . . . . . . . 31,067,318 31,039,392 31,039,392 30,865,092 29255 Family Court Pre-Kindergarten . . . . . 539,274,438 479,172,148 479,172,148 467,241,424 29260 Employment Preparation Education . . 30,285,596 30,678,920 30,678,920 30,285,596 29261 Computer Software Aid . . . . . . . . . . . 19,349,695 19,269,913 19,269,913 19,143,901 29262 Computer Hardware Aid . . . . . . . . . . 14,734,075 14,786,893 14,786,893 14,906,684 29275 Library Materials . . . . . . . . . . . . . . . . 8,073,137 8,039,850 8,039,850 7,987,275 29290 High Cost Excess Cost Aid . . . . . . . . 241,305,509 271,109,101 271,109,101 244,935,315 29292 Chapter 721 Handicapped
Reimbursement . . . . . . . . . . . . . . . 10,000,000 4,642,576 4,642,576 10,000,000 29295 Handicapped Pupils Summer School . . 135,009,017 124,269,849 124,269,849 135,009,017 29356 Teacher Center Program . . . . . . . . . . 7,028,996 7,027,090 7,027,090 7,028,996 29358 Foundation Aid . . . . . . . . . . . . . . . . . 6,209,803,481 6,202,069,175 6,202,069,174 5,862,085,377 29359 Education Aid Grants . . . . . . . . . . . . 1,200,000 1,200,000 1,200,000 1,200,000 29603 State Breakfast Reimbursement . . . . 3,462,309 3,918,543 3,918,543 4,735,363 29605 SCA Based Building Aid . . . . . . . . . . 435,476,767 435,476,767 435,476,768 435,476,767 29606 Building Aid—Leases . . . . . . . . . . . . 33,804,481 33,804,481 33,804,481 33,804,481
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
225
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
226
(Continued)
040 DEPARTMENT OF EDUCATION (cont.) 29614 Universal Pre-Kindergarten . . . . . . . . $ 224,946,630 $ 224,946,630 $ 224,946,630 $ 219,617,146 29617 Pre-Kindergarten
Administrative Costs . . . . . . . . . . . 4,300,000 4,300,000 4,300,000 4,300,000 29621 Teachers of Tomorrow . . . . . . . . . . . . 15,000,000 14,400,000 14,400,000 14,400,000 29624 Deaf and Blind Reimbursement . . . . 50,000,000 47,185,815 47,185,815 45,680,818 29627 Academic Improvement . . . . . . . . . . 23,207,561 27,222,454 27,222,454 23,412,415 30400 Stop Driving While Intoxicated . . . . . 334,801 524,450 524,450 457,100 41900 Private Grants . . . . . . . . . . . . . . . . . . 50,000,000 61,407,277 61,407,277 67,902,615 41905 School Construction Authority . . . . . 44,489,930 65,788,700 65,788,700 44,489,930 41911 Nonresident Pupil Tuition . . . . . . . . . 1,000,000 47,624 47,624 59,899 41913 Universal Service Funds . . . . . . . . . . — 23,024 23,024 7,460,867 41917 Department of Education
Retirement System . . . . . . . . . . . . . 5,096,131 8,294,682 8,294,682 6,999,840 44061 Non-Governmental Grants . . . . . . . . 20,000,000 23,387,603 23,387,604 27,280,036 45001 Pollution Remediation—Bond Sales . . — 130,003,922 130,003,922 145,476,007 ______________ ______________ ______________ ______________ Total Department of Education . . . . . 11,165,592,090 11,260,253,354 11,269,329,217 10,579,539,243 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (101,931,462) (612,262,370) ______________ ______________ ______________ ______________ Net Total Department of Education . . 11,165,592,090 11,260,253,354 11,167,397,755 9,967,276,873 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 042 CITY UNIVERSITY OF NEW YORK 00461 Higher Education Services and
Fees—Community Colleges . . . . . 373,110,546 387,436,408 380,739,064 360,733,908 00760 Rentals—Other . . . . . . . . . . . . . . . . . 2,300,000 2,300,000 2,004,522 2,200,000 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 185,000 185,000 268,222 603,733 03229 Energy Efficiency and
Renewable Energy . . . . . . . . . . . . . — 21,875 21,875 — 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — — 1,870,180 14,384 27909 State Aid—Community Colleges . . . 206,123,700 208,123,700 208,138,598 202,378,161 27911 Hunter Public School Aid . . . . . . . . . 1,800,000 1,800,000 1,800,000 1,800,000 27912 State Aid—Senior Colleges . . . . . . . . 35,000,000 35,000,000 — — 29271 Community College Child Care . . . . 3,237,100 3,237,100 3,237,100 3,237,100 29310 School to Career Program . . . . . . . . . 2,000,000 2,000,000 2,000,000 2,000,000 29350 Community College Rents . . . . . . . . 8,948,000 8,948,000 8,948,000 8,948,000 29355 College Discovery Program . . . . . . . 937,390 937,390 937,390 909,890 29627 Academic Improvement . . . . . . . . . . 1,700,000 1,700,000 1,700,000 1,730,405 43900 Private Grants . . . . . . . . . . . . . . . . . . 2,500,000 2,500,000 1,910,913 1,715,393 44061 Non-Governmental Grants . . . . . . . . 11,202,270 7,643,482 6,994,650 6,953,319 45001 Pollution Remediation—Bond Sales . . — 510,486 510,486 2,018,559 ______________ ______________ ______________ ______________ Total City University of New York . . 649,044,006 662,343,441 621,081,000 595,242,852 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (1,955,243) ______________ ______________ ______________ ______________ Net Total City University of
New York . . . . . . . . . . . . . . . . . . . . 649,044,006 662,343,441 621,081,000 593,287,609 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
054 CIVILIAN COMPLAINT REVIEW BOARD 00470 Other Services and Fees . . . . . . . . . . $ — $ — $ 929 $ — ______________ ______________ ______________ ______________ Total Civilian Complaint
Review Board . . . . . . . . . . . . . . . . . — — 929 — Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (44,980) ______________ ______________ ______________ ______________ Net Total Civilian Complaint
Review Board . . . . . . . . . . . . . . . . . — — 929 (44,980) ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 056 POLICE DEPARTMENT 00200 Licenses—General . . . . . . . . . . . . . . 3,000,000 3,000,000 3,565,206 3,274,433 00250 Permits—General . . . . . . . . . . . . . . . 825,000 825,000 933,153 936,092 00325 Privileges—Other . . . . . . . . . . . . . . . — — 927 — 00470 Other Services and Fees . . . . . . . . . . 28,236,000 29,952,500 29,501,298 32,731,595 00472 Parking Meter Revenues . . . . . . . . . . 586,000 586,000 541,471 825,930 00600 Fines—General . . . . . . . . . . . . . . . . . — — 9,247 38,046 00847 E-911 Surcharges . . . . . . . . . . . . . . . 19,000,000 19,000,000 30,076,253 16,558,033 00848 Wireless and Cell Phone Surcharges . . 21,000,000 18,000,000 14,322,028 18,827,359 00849 Wireless / E911 Surcharges—VOIP . . 19,100,000 19,100,000 17,772,924 19,293,580 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 8,536,000 7,284,000 7,202,638 6,814,960 03204 Asset Forfeitures . . . . . . . . . . . . . . . . — 4,308,785 4,308,782 3,001,426 03234 Defense Nuclear Nonproliferation
Research . . . . . . . . . . . . . . . . . . . . . — 16,233 16,232 45,472 03270 Law Enforcement Terrorism
Prevention Program . . . . . . . . . . . . 5,830,283 23,451,100 23,402,347 9,915,975 03275 State Homeland Security . . . . . . . . . . — 852,459 852,459 — 03276 Buffer Zone Protection Plan (BZPP) . . — — — 2,060,152 03279 Securing the Cities . . . . . . . . . . . . . . 21,940,313 15,574,103 15,666,438 8,541,228 03280 Port Security . . . . . . . . . . . . . . . . . . . 5,070,545 8,815,548 8,764,679 20,945,673 03281 Rail and Transit Security . . . . . . . . . . 7,089,519 22,287,355 22,289,664 27,312,796 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . 1,534,274 1,867,640 1,666,520 22,299,530 03304 FEMA Sandy E Buildings and
Equipment . . . . . . . . . . . . . . . . . . . 1,448,000 3,083,685 2,790,868 7,772,456 04017 Federal Assistance for United
Nations . . . . . . . . . . . . . . . . . . . . . . 7,000,000 32,867,091 32,867,091 26,084,947 04019 Cultural, Technical & Educational
Centers . . . . . . . . . . . . . . . . . . . . . . — 963,752 963,752 1,357,612 04028 Drug Enforcement Overtime . . . . . . . 702,500 4,187,000 4,187,000 4,355,436 04244 Urban Areas Security Initiative . . . . . 45,540,717 95,374,131 96,198,632 101,565,251 04247 Missing Children’s Assistance
Program . . . . . . . . . . . . . . . . . . . . . — 440,699 440,696 297,448 04249 Domestic Preparedness Equipment
Support . . . . . . . . . . . . . . . . . . . . . . 8,226,453 9,280,621 9,329,368 23,464,235 04250 Public Safety Partnership &
Community Policy . . . . . . . . . . . . . — — — 6 04256 National Institute of Justice
Research (NIJR) . . . . . . . . . . . . . . . 61,656 556,155 553,918 768,688 04261 Justice Assistance Grant Funds . . . . . 1,507,752 1,392,352 1,392,352 1,655,802
227
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
228
(Continued)
056 POLICE DEPARTMENT (cont.) 04278 Economic High-Tech & Cyber
Crime Prevention . . . . . . . . . . . . . . $ — $ 200,001 $ 200,000 $ — 04283 Equitable Sharing Program . . . . . . . . — 15,380,345 15,380,306 5,638,593 19929 Forfeiture Law Enforcement . . . . . . . — 1,600,163 1,600,156 3,996,085 19934 Soft Body Armor Vests Program . . . . — 566,253 566,253 517,634 19935 Enforcement of Navigation Laws . . . 132,000 200,000 200,000 200,000 19939 Narcotics Control . . . . . . . . . . . . . . . — 1,160,736 1,160,736 — 19945 State Match Funds . . . . . . . . . . . . . . . — 657,105 657,105 — 19949 State Felony Program (EDDCP) . . . . 4,000 4,000 4,764 3,997 21958 Highway Safety . . . . . . . . . . . . . . . . . — 103,909 103,908 103,630 23801 Highway Emergency Local Patrol . . . — 1,938,662 1,938,660 2,129,940 23947 Emergency Medical Technical
Training . . . . . . . . . . . . . . . . . . . . . 59,800 118,650 118,650 70,355 29853 Aid to Crime Labs . . . . . . . . . . . . . . . 536,208 700,000 699,998 749,999 29869 State Local Initiative . . . . . . . . . . . . . — 1,950,000 1,950,000 906,199 29873 Motor Vehicle Theft Insurance Fraud . . 42,010 287,225 287,224 257,784 29970 State Aid . . . . . . . . . . . . . . . . . . . . . . 213,000 291,525 291,525 324,139 29978 State Aid Pension Reimbursement . . 8,189,670 8,189,670 10,691,035 10,552,618 29982 NYS Dormitory Authority Grant . . . . — 201,060 201,059 192,942 30400 Stop Driving While Intoxicated . . . . . — 962,769 962,766 813,543 30402 Buckle-Up New York Program . . . . . — 369,165 369,150 198,370 30406 Combat Aggressive Driving Program . . — 312,605 312,605 294,477 30555 State Emergency Aid . . . . . . . . . . . . . — 520,400 520,398 — 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 86,761 73,383 65,767 36000 TEA—Citywide Construction
Project . . . . . . . . . . . . . . . . . . . . . . — 17,889,648 17,889,649 17,645,868 43900 Private Grants . . . . . . . . . . . . . . . . . . 137,596 4,430,262 4,128,087 6,714,334 43928 Housing Authority Police Grant . . . . — — — 17,697,123 44010 Transit Authority Fare Evasion
Overtime . . . . . . . . . . . . . . . . . . . . — 3,957,899 3,957,899 3,920,467 44011 Community Oriented Policing
Service . . . . . . . . . . . . . . . . . . . . . . — 276,261 276,261 93,808 44038 Ford Warranty Program . . . . . . . . . . . — 1,262,852 1,262,849 244,786 44040 Community & Law Enforcement
Resource Together . . . . . . . . . . . . . — 11,428 11,428 18,572 44049 GMC—Chevrolet Impala . . . . . . . . . — 1,056,341 1,056,338 643,741 44061 Non-Governmental Grants . . . . . . . . — 336 336 — 45001 Pollution Remediation—Bond Sales . . — 376,861 376,861 220,869 ______________ ______________ ______________ ______________ Total Police Department . . . . . . . . . . 215,549,296 388,129,101 396,865,332 434,959,801 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — 1,444,737 (2,562,576) ______________ ______________ ______________ ______________ Net Total Police Department . . . . . . . 215,549,296 388,129,101 398,310,069 432,397,225 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 057 FIRE DEPARTMENT 00320 Franchises—Other . . . . . . . . . . . . . . . 1,137,000 1,137,000 1,447,874 1,387,878 00470 Other Services and Fees . . . . . . . . . . 84,850,714 89,000,000 92,817,665 90,754,128 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . — — 1,114,757 311,375 03005 Cooperative Forestry Assistance . . . . — 237,109 237,108 155,478
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
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(Continued)
057 FIRE DEPARTMENT (cont.) 03255 Urban Search, Rescue and
Response System . . . . . . . . . . . . . . $ — $ 221,808 $ 245,548 $ 18,513 03268 Assistance to Firefighters Grant . . . . — — 18,778 — 03275 State Homeland Security . . . . . . . . . . — — 29,329 6,436 03280 Port Security . . . . . . . . . . . . . . . . . . . — 11,614,296 12,001,164 22,534,032 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — 210,013 1,713,302 03304 FEMA Sandy E Buildings and
Equipment . . . . . . . . . . . . . . . . . . . — 1,928,610 — 2,918,339 03305 FEMA Sandy F Utilities . . . . . . . . . . — — 337,701 244,391 03306 FEMA Sandy G Parks, Recreational
Facilities, and Other Items . . . . . . . — — 74,508 196,367 03307 Fire Service Hazardous Materials
Preparedness and Response . . . . . . — — 9,331 — 04244 Urban Areas Security Initiative . . . . . — 40,291,636 46,756,291 41,997,683 04249 Domestic Preparedness Equipment
Support . . . . . . . . . . . . . . . . . . . . . . — 16,435,225 16,531,530 7,671,895 15611 Occupational Safety and Health . . . . 17,615,864 17,615,864 15,030,856 14,447,638 15634 Emergency Medical Services
for Children . . . . . . . . . . . . . . . . . . — 145,014 218,349 77,604 15636 HHS Programs for Disaster Relief
Appropriations Act— Non Construction . . . . . . . . . . . . . . — 21,357 44,989 —
29873 Motor Vehicle Theft Insurance Fraud . . — 108,141 109,899 109,965 29978 State Aid Pension Reimbursement . . 22,674,623 22,674,623 20,702,258 20,780,936 30003 Officer Induction Training School . . . 954,633 989,000 989,000 989,000 30555 State Emergency Aid . . . . . . . . . . . . . — 37,415 37,415 — 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 26,787 26,787 — 30953 Emergency Medical Service Program . . 583,519 583,519 722,500 785,260 30955 911 Grant . . . . . . . . . . . . . . . . . . . . . . 262,482 262,482 262,482 262,482 43900 Private Grants . . . . . . . . . . . . . . . . . . 199,503,563 173,922,503 159,994,464 172,879,852 45001 Pollution Remediation—Bond Sales . . — 1,230,758 1,230,758 726,208 ______________ ______________ ______________ ______________ Total Fire Department . . . . . . . . . . . . 327,582,398 378,483,147 371,201,354 380,968,762 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — 11,128,333 (7,556,706) ______________ ______________ ______________ ______________ Net Total Fire Department . . . . . . . . . 327,582,398 378,483,147 382,329,687 373,412,056 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 068 ADMINISTRATION FOR CHILDREN’S SERVICES 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . — — 157,517 — 00887 Day Care and Senior Citizen Centers 3,419,000 3,419,000 3,783,869 3,108,233 03002 Child and Adult Care Food Program . . 3,900,712 8,941,514 8,235,219 8,443,388 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — — 190,600 04237 Juvenile Accountability Incentive . . . — 90,000 189,405 204,231 04279 Second Chance Act Prisoners Reentry . . — 281,250 — — 11914 Fringe Benefits—Federal . . . . . . . . . 10,799,190 5,037,398 5,037,398 8,959,219 11919 Medical Assistance Program . . . . . . . 204,669 204,669 213,073 263,270 11954 Promoting Safe and Stable Families . 22,071,703 22,071,703 18,803,379 19,551,140
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
230
(Continued)
068 ADMINISTRATION FOR CHILDREN’S SERVICES (cont.) 11957 Temporary Assistance for Needy
Families (TANF) . . . . . . . . . . . . . . $ — $ — $ — $ 9,177,970 11958 TANF—Emergency Assistance . . . . . 17,053,540 16,244,238 16,801,579 16,186,047 11959 Foster Care Title IV-E . . . . . . . . . . . . 130,295,069 254,925,275 249,881,547 175,192,099 11960 Title IV-E—Protective Services . . . . 14,917,713 83,848 595 14,455,994 11961 Title IV-E—Foster Care
Administration . . . . . . . . . . . . . . . . 51,556,263 1,626,177 1,517,948 26,959,397 11962 Adoption Assistance . . . . . . . . . . . . . 133,679,579 117,009,885 90,812,913 102,480,713 11963 Independent Living . . . . . . . . . . . . . . 7,591,456 7,591,456 7,470,355 7,591,456 11966 Child Care and Development
Block Grant . . . . . . . . . . . . . . . . . . 489,701,978 489,701,978 489,701,978 476,154,409 11968 Temporary Assistance for Needy
Families 100% Federal . . . . . . . . . — 2,323,350 2,311,915 2,673,108 11969 Food Stamps Employment and
Training . . . . . . . . . . . . . . . . . . . . . 11,500,000 11,500,000 8,075,199 7,647,375 11979 Emergency Income Maintenance
Administration . . . . . . . . . . . . . . . . 2,855,817 2,855,817 56,363 2,965,996 11980 Medical Assistance Program . . . . . . . 5,062,099 5,067,492 1,765,865 2,297,632 11981 Child Support Administration . . . . . . 62,070 62,096 — — 11982 Adoption Assistance Administration . . 2,110,597 2,106,422 1,692,816 1,359,196 11983 Administrative Training . . . . . . . . . . . — — 2,027,285 2,105,191 11984 Foster Care Title IV-E—
Preventative Services . . . . . . . . . . . 22,515,811 366,117 266,213 10,719,764 11991 TANF-EAF Child Welfare . . . . . . . . . 78,393,838 78,393,838 78,393,838 78,393,838 11994 Social Services Block Grant
Title XX—Other . . . . . . . . . . . . . . 23,049,928 23,049,928 23,049,928 23,049,928 11995 Social Services Block Grant Title XX
Child Welfare . . . . . . . . . . . . . . . . . 115,242,308 115,242,308 115,239,237 115,239,236 11998 Family Abuse and Neglect Act . . . . . 113,618 113,618 — — 13918 School Lunch—Prisons . . . . . . . . . . . 688,336 688,336 178,878 213,540 13920 School Breakfast Programs—Prisons . . — — 146,795 181,006 15636 HHS Programs for Disaster Relief
Appropriations Act— Non Construction . . . . . . . . . . . . . . — 490,781 456,646 610,781
15901 Headstart Grant . . . . . . . . . . . . . . . . . 129,313,104 131,136,063 130,794,236 155,736,426 19984 Juvenile Offenders Detention . . . . . . 30,467,602 30,467,602 10,534,528 11,470,000 21604 Juvenile Intensive Supervision . . . . . — 3,198,313 2,595,157 2,134,860 23900 Medicaid—Health and Medical Care . . 204,669 204,669 259,321 311,664 25901 Child Care Fraud Prevention . . . . . . . — — 57,826 — 25902 Home Relief Aid . . . . . . . . . . . . . . . . — 2,137,000 2,137,000 2,298,116 25908 Special Education Services . . . . . . . . 17,724,050 17,724,050 19,031,916 17,979,944 25913 Fringe Benefits . . . . . . . . . . . . . . . . . 27,897,225 85,196,889 85,196,889 47,039,132 26001 Safe Harbour for Exploited Children . . — 546,629 485,949 683,399 26063 Foster Care Block Grant . . . . . . . . . . 228,173,216 228,173,216 228,173,217 228,836,358 26066 Adoption Assistance Administration . . 112,850,725 98,577,625 90,731,562 103,755,732 26067 Juvenile Delinquent Remands—
People in Need of Services . . . . . . 2,301,238 2,301,238 1,119,270 1,507,432 26071 Safety—Net . . . . . . . . . . . . . . . . . . . . 174,000 174,000 1,566 1,044 26085 Administrative Training . . . . . . . . . . . — — 7,622 36,204
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
231
(Continued)
068 ADMINISTRATION FOR CHILDREN’S SERVICES (cont.) 26087 Medical Assistance Program—
Medicaid . . . . . . . . . . . . . . . . . . . . $ 4,234,440 $ 4,158,386 $ 1,785,003 $ 2,341,051 26088 Child Support Administration . . . . . . 16,222 16,233 — — 26090 Preventive Services . . . . . . . . . . . . . . 229,950,727 236,638,662 206,012,662 228,105,024 27930 School Breakfast and Lunch
Programs . . . . . . . . . . . . . . . . . . . . — — 11,209 14,006 29869 State Local Initiative . . . . . . . . . . . . . — 33,333 — — 30850 Non-Secure Detention Services . . . . . 3,321,518 9,866,723 10,769,926 12,105,481 30851 Secure Detention Services . . . . . . . . . 28,341,879 20,087,196 20,365,961 17,539,691 30860 State Capital Reimbursement . . . . . . 220 220 — — 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 74,875 74,875 74,375 43900 Private Grants . . . . . . . . . . . . . . . . . . — 250 — 43,908 ______________ ______________ ______________ ______________ Total Administration for
Children’s Services . . . . . . . . . . . . 1,961,756,129 2,040,201,666 1,936,413,448 1,948,388,604 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (48,079,355) (10,173,015) ______________ ______________ ______________ ______________ Net Total Administration for
Children’s Services . . . . . . . . . . . . 1,961,756,129 2,040,201,666 1,888,334,093 1,938,215,589 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 069 DEPARTMENT OF SOCIAL SERVICES 00470 Other Services and Fees . . . . . . . . . . 225,000 225,000 236,918 234,406 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 41,531,040 41,531,040 49,812,424 49,870,008 01209 Housing Opportunities for
People with AIDS . . . . . . . . . . . . . 35,206,908 35,206,908 35,206,908 35,206,908 03006 Supplemental Nutrition Assistance
Program, Process and Technology Improvement Grants . . . . . . . . . . . — 510,801 459,348 57,006
03259 FEMA Emergency Food and Shelter . . — — 43,728 100,167 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — 1,136,918 2,257,873 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — — — 187,800 11903 Home Energy Assistance . . . . . . . . . . 23,200,421 43,751,149 43,694,638 39,720,687 11905 Personal Services Reimbursement—
Federal . . . . . . . . . . . . . . . . . . . . . . 186,407,951 186,097,090 170,051,791 163,622,366 11914 Fringe Benefits—Federal . . . . . . . . . 66,433,190 112,332,970 112,332,970 86,714,651 11919 Medical Assistance Program . . . . . . . 57,551,666 35,133,354 10,847,685 21,279,954 11957 Temporary Assistance for Needy
Families (TANF) . . . . . . . . . . . . . . 621,946,085 560,837,335 496,930,882 525,227,057 11958 TANF—Emergency Assistance . . . . . 54,725,624 94,134,362 94,134,362 72,518,266 11967 Title XX—Social Services
Block Grant . . . . . . . . . . . . . . . . . . 39,265,423 47,248,522 46,626,087 39,265,423 11968 Temporary Assistance for Needy
Families 100% Federal . . . . . . . . . — 1,024,895 1,024,895 504,176 11969 Food Stamps Employment
and Training . . . . . . . . . . . . . . . . . . 68,670,952 61,369,389 51,771,377 46,609,704 11971 Food Stamps—Federal . . . . . . . . . . . 18,172,082 17,330,513 17,330,513 18,949,288 11975 Refugee and Entrant Assistance . . . . 480,751 480,848 851,667 1,101,031
069 DEPARTMENT OF SOCIAL SERVICES (cont.) 11980 Medical Assistance Program . . . . . . . $ 184,500,400 $ 190,066,394 $ 189,716,449 $ 203,061,262 11981 Child Support Administration . . . . . . 56,953,401 73,924,115 69,154,007 54,230,739 11983 Administrative Training . . . . . . . . . . . 1,935,058 1,935,830 2,644,354 2,546,145 11985 TANF—Employment Administration . . 77,016,670 77,016,670 70,723,203 90,790,788 11986 Food Stamps—Federal . . . . . . . . . . . 86,618,281 130,787,901 122,259,456 118,548,860 11987 Special Projects . . . . . . . . . . . . . . . . . 1,427,189 1,728,530 — 26,878 11988 Safety Net Federal . . . . . . . . . . . . . . . 33,518,278 24,518,278 24,100,407 24,380,556 23900 Medicaid—Health and Medical Care . . 82,659,199 61,765,914 5,450,202 18,428,258 25913 Fringe Benefits . . . . . . . . . . . . . . . . . 34,698,048 61,121,449 61,121,450 46,816,871 26002 Homeless Prevention Assistance . . . . — — — 142,047 26065 Protective Services . . . . . . . . . . . . . . 29,166,577 18,937,955 18,937,955 24,928,150 26069 TANF—Public Assistance—State . . . — — 260,084 235,985 26070 TANF—Emergency Assistance
for Families . . . . . . . . . . . . . . . . . . — — — 33,038 26071 Safety—Net . . . . . . . . . . . . . . . . . . . . 226,763,512 242,488,419 237,450,986 211,076,639 26072 Work Now . . . . . . . . . . . . . . . . . . . . . 67,503,795 72,955,512 69,470,282 69,471,508 26076 Administration . . . . . . . . . . . . . . . . . . 3,000,000 1,390,410 1,596,465 — 26079 Emergency Assistance for Adults . . . 14,445,863 14,445,863 10,924,958 8,197,600 26081 Welfare to Work . . . . . . . . . . . . . . . . . 253,943 257,845 — — 26085 Administrative Training . . . . . . . . . . . 2,435,819 2,435,819 2,435,758 2,435,819 26087 Medical Assistance Program—
Medicaid . . . . . . . . . . . . . . . . . . . . 201,164,099 212,385,219 212,385,219 228,302,321 26088 Child Support Administration . . . . . . 308 308 235,768 272,184 26095 Special Projects . . . . . . . . . . . . . . . . . — 48,659 198,314 1,463,386 26097 Guide Dogs . . . . . . . . . . . . . . . . . . . . 106,272 106,272 10,360 13,895 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 73,500 73,500 — 45001 Pollution Remediation—Bond Sales . . — 275,960 275,960 215,515 ______________ ______________ ______________ ______________ Total Department of Social Services . . 2,317,983,805 2,425,880,998 2,231,918,248 2,209,045,215 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (58,337,161) (13,715,825) ______________ ______________ ______________ ______________ Net Total Department of
Social Services . . . . . . . . . . . . . . . . 2,317,983,805 2,425,880,998 2,173,581,087 2,195,329,390 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 071 DEPARTMENT OF HOMELESS SERVICES 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . — — 751,086 46,963 00923 Emergency Shelter . . . . . . . . . . . . . . . — 10,805,863 10,805,863 12,279,946 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 802,178 802,178 4,660,885 07000 Veteran Affairs Homeless Providers
and Per Diem Program . . . . . . . . . . 3,447,000 3,447,000 1,874,673 2,724,168 11905 Personal Services Reimbursement—
Federal . . . . . . . . . . . . . . . . . . . . . . 46,836,981 46,836,981 46,836,981 47,231,697 11906 Administrative Expense
Reimbursement . . . . . . . . . . . . . . . 19,412,914 19,412,914 19,412,914 19,018,198 11914 Fringe Benefits—Federal . . . . . . . . . 1,199,847 1,199,847 1,199,847 1,199,847 11950 Shelter Contracts—Federal . . . . . . . . — 1,322,350 1,322,350 1,345,584 11957 Temporary Assistance for Needy
Families (TANF) . . . . . . . . . . . . . . 255,964,543 331,292,941 203,402,778 283,094,451
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
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071 DEPARTMENT OF HOMELESS SERVICES (cont.) 11958 TANF—Emergency Assistance . . . . . $ 28,061,625 $ 36,522,530 $ 32,870,277 $ 28,123,041 25912 Administrative Expense
Reimbursement—State . . . . . . . . . 5,012 — — — 25913 Fringe Benefits . . . . . . . . . . . . . . . . . 667,252 667,252 876,406 667,252 26003 Shelters . . . . . . . . . . . . . . . . . . . . . . . 21,313,690 21,313,690 21,346,690 23,648,741 26009 Shelter Contracts—State . . . . . . . . . . 68,992,099 68,992,099 68,992,099 68,992,099 26060 Social Integration Services . . . . . . . . 1,007,176 4,024,249 2,716,529 2,255,647 26069 TANF—Public Assistance—State . . . — — 206,847 129,710 26071 Safety—Net . . . . . . . . . . . . . . . . . . . . 36,598,986 49,745,335 69,398,141 45,590,676 44061 Non-Governmental Grants . . . . . . . . — 3,000,000 3,000,000 — 45001 Pollution Remediation—Bond Sales . . — 24,817 24,817 14,195 50007 Continuum of Care Program . . . . . . . — 181,170 181,167 68,832 ______________ ______________ ______________ ______________ Total Department of
Homeless Services . . . . . . . . . . . . . 483,507,125 599,591,216 486,021,643 541,091,932 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (3,951,305) 187,151 ______________ ______________ ______________ ______________ Net Total Department of
Homeless Services . . . . . . . . . . . . . 483,507,125 599,591,216 482,070,338 541,279,083 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 072 DEPARTMENT OF CORRECTION 00325 Privileges—Other . . . . . . . . . . . . . . . 660,000 660,000 321,946 306,183 00482 Commissary Funds . . . . . . . . . . . . . . 13,000,000 12,000,000 11,891,542 12,048,041 00600 Fines—General . . . . . . . . . . . . . . . . . 25,000 25,000 16,030 11,360 00760 Rentals—Other . . . . . . . . . . . . . . . . . — — 12,600 13,563 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 8,000 8,000 23,065 68,966 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . 8,003,000 8,958,000 8,498,382 9,309,204 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — 24,955 — 340,644 04197 State Criminal Aliens Assistance . . . . 5,961,617 5,961,617 5,961,617 5,961,617 04273 Recovery Act Byrne Memorial
Competitive . . . . . . . . . . . . . . . . . . — — — 240,954 04279 Second Chance Act Prisoners Reentry . . — 552,666 309,116 — 04284 Protecting Inmates and Safeguarding
Communities Discretionary Grant Program . . . . . . . . . . . . . . . . — 432,060 312,220 —
13016 Supplemental Security Income . . . . . 754,000 754,000 664,000 849,800 13918 School Lunch—Prisons . . . . . . . . . . . 900,000 900,000 328,508 518,288 13920 School Breakfast Programs—Prisons . . 670,000 201,350 201,350 346,601 19913 Reimbursement for State
Ready Inmates . . . . . . . . . . . . . . . . — — — 6,400 19967 State Aid Transportation of Prisoners . . 1,049,000 1,049,000 834,542 867,181 19968 Criminal Justice Services . . . . . . . . . — — — 249,991 27930 School Breakfast and
Lunch Programs . . . . . . . . . . . . . . . 60,000 60,000 17,014 29,241 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 66,431 66,431 — 31922 Ryan White—Medical and Health
Research Association . . . . . . . . . . . — — — 731,532 44061 Non-Governmental Grants . . . . . . . . — 667,802 667,802 150,909
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
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072 DEPARTMENT OF CORRECTION (cont.) 45001 Pollution Remediation—Bond Sales . . $ — $ 1,880,290 $ 1,880,290 $ 2,455,978 ______________ ______________ ______________ ______________ Total Department of Correction . . . . 31,090,617 34,201,171 32,006,455 34,506,453 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (297,041) (877,748) ______________ ______________ ______________ ______________ Net Total Department of Correction . . 31,090,617 34,201,171 31,709,414 33,628,705 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 073 BOARD OF CORRECTION 43900 Private Grants . . . . . . . . . . . . . . . . . . — — — 8,547 ______________ ______________ ______________ ______________ Total Board of Correction . . . . . . . . . — — — 8,547 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 098 MISCELLANEOUS 03204 Asset Forfeitures . . . . . . . . . . . . . . . . — 278,190 278,190 — 04271 Recovery Act Justice
Assistance Local . . . . . . . . . . . . . . — — — 675,000 04283 Equitable Sharing Program . . . . . . . . — 627,010 627,010 — 29605 SCA Based Building Aid . . . . . . . . . . 570,563,130 561,269,971 561,269,971 524,582,539 30553 Indigent Legal Services Fund . . . . . . 40,689,859 40,689,859 40,689,273 40,689,859 31938 Health Benefits Reimbursement . . . . 29,299,000 41,183,550 48,606,649 21,997,241 33908 Bail Fees for Alternate to
Incarceration . . . . . . . . . . . . . . . . . 250,000 212,622 212,622 216,861 35995 Private Grants—Private
Transportation . . . . . . . . . . . . . . . . — 41,188,708 41,188,708 33,172,358 37951 HHC Reimbursement . . . . . . . . . . . . 24,907,721 21,111,940 — 20,928,304 43900 Private Grants . . . . . . . . . . . . . . . . . . 252,000,000 235,380,489 112,000,000 238,869,761 44061 Non-Governmental Grants . . . . . . . . — 25,553,744 25,553,744 — 45001 Pollution Remediation—Bond Sales . . — 288,480 288,480 1,188,249 ______________ ______________ ______________ ______________ Total Miscellaneous . . . . . . . . . . . . . . 917,709,710 967,784,563 830,714,647 882,320,172 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (747,301) (140,352,147) ______________ ______________ ______________ ______________ Net Total Miscellaneous . . . . . . . . . . 917,709,710 967,784,563 829,967,346 741,968,025 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 099 DEBT SERVICE 03203 Build America Bonds
Reimbursement . . . . . . . . . . . . . . . 198,247,038 198,373,249 198,373,248 194,708,725 44048 Interest Exchange Agreement . . . . . . 42,893,706 4,431,548 4,431,548 4,792,104 ______________ ______________ ______________ ______________ Total Debt Service . . . . . . . . . . . . . . . 241,140,744 202,804,797 202,804,796 199,500,829 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 102 CITY COUNCIL 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — — — 11,761 ______________ ______________ ______________ ______________ Total City Council . . . . . . . . . . . . . . . — — — 11,761 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (1,176) — ______________ ______________ ______________ ______________ Net Total City Council . . . . . . . . . . . . — — (1,176) 11,761 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 103 CITY CLERK 00201 Marriage Licenses . . . . . . . . . . . . . . . 2,873,000 2,900,000 2,707,346 2,851,947 00476 Administrative Services to the Public . . 2,960,000 2,960,000 2,981,040 3,189,932 00600 Fines—General . . . . . . . . . . . . . . . . . 150,000 150,000 167,475 99,121
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
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103 CITY CLERK (cont.) 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . $ — $ 65,206 $ 65,206 $ — ______________ ______________ ______________ ______________ Total City Clerk . . . . . . . . . . . . . . . . . 5,983,000 6,075,206 5,921,067 6,141,000 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (3,203) ______________ ______________ ______________ ______________ Net Total City Clerk . . . . . . . . . . . . . 5,983,000 6,075,206 5,921,067 6,137,797 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 125 DEPARTMENT FOR THE AGING 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 1,000,000 1,000,000 1,091,192 1,088,511 11908 Title III—Older Americans Act
(OAA) Nutrition Program . . . . . . . 18,849,277 19,971,484 18,707,257 18,469,187 11909 Title III—OAA—Area Services . . . . 10,270,814 10,949,757 10,432,011 10,889,032 11910 Foster Grandparents—Federal . . . . . 1,631,643 1,617,485 1,617,485 1,655,071 11921 Title V—National Council on
Aging Employment . . . . . . . . . . . . 331,628 300,510 300,510 306,079 11922 Title V—Senior Community
Service Employment . . . . . . . . . . . 4,002,601 3,544,136 3,544,136 3,466,189 11930 Nutrition Services Incentive Program . . 8,414,440 10,326,078 9,416,569 8,308,526 11967 Title XX—Social Services
Block Grant . . . . . . . . . . . . . . . . . . 20,551,332 18,632,772 14,122,169 21,006,693 11980 Medical Assistance Program . . . . . . . 702,990 1,129,232 372,294 343,495 12508 Health Insurance Information
and Assistance . . . . . . . . . . . . . . . . 583,746 560,891 577,394 521,778 12509 Title IIID—Health Promotion
and Disease . . . . . . . . . . . . . . . . . . 667,026 667,026 605,339 358,548 12510 Title VII—Elder Abuse Prevention . . 222,872 321,342 321,342 308,709 12516 Operation Restore Trust . . . . . . . . . . — — — 270,775 12517 Title E—Caregiver Support . . . . . . . . 4,122,160 3,636,157 3,636,157 3,957,414 13028 Medicare Enrollment . . . . . . . . . . . . . — 171,784 171,953 183 15602 Aging Title IV Program . . . . . . . . . . . — — — 109,281 19992 Crime Victims Program . . . . . . . . . . . 347,208 320,436 348,827 381,293 25922 Foster Grandparents—State . . . . . . . 20,124 18,443 18,443 18,443 25923 Direct Care Workers Program . . . . . . — 357,408 357,408 — 25925 Community Services for the Aging . . 6,919,608 9,125,260 9,125,260 7,229,942 25926 Supplemental Nutrition . . . . . . . . . . . 10,509,762 10,758,594 10,758,594 10,758,592 25927 Expanded In-Home Services
for the Elderly . . . . . . . . . . . . . . . . 18,546,806 18,211,518 18,211,517 18,211,516 25932 Long Term Care & Support
for the Elderly . . . . . . . . . . . . . . . . — 70,282 70,282 34,721 25933 Congregate Services Initiative . . . . . . 284,520 152,288 152,402 152,288 25935 Long-Term Care Ombudsman . . . . . . 204,838 227,586 227,587 227,586 27921 Transportation Aid . . . . . . . . . . . . . . . 331,028 395,804 395,804 395,804 ______________ ______________ ______________ ______________ Total Department for the Aging . . . . . 108,514,423 112,466,273 104,581,932 108,469,656 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — 1,146,071 (1,740,366) ______________ ______________ ______________ ______________ Net Total Department for the Aging . . 108,514,423 112,466,273 105,728,003 106,729,290 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 126 DEPARTMENT OF CULTURAL AFFAIRS 00760 Rentals—Other . . . . . . . . . . . . . . . . . — — 2,520 2,940
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
235
(Continued)
126 DEPARTMENT OF CULTURAL AFFAIRS (cont.) 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . $ — $ — $ — $ 587,069 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — 8,705 7,834 55,817 06016 Federal Transit—Capital Investment . . — — — 175,136 23911 Environmental Conservation . . . . . . . — 78,122 78,121 114,921 43900 Private Grants . . . . . . . . . . . . . . . . . . — 1,085 1,085 12,185 44061 Non-Governmental Grants . . . . . . . . — 51,016 51,015 — 45001 Pollution Remediation—Bond Sales . . — 789,336 789,335 1,893,671 ______________ ______________ ______________ ______________ Total Department of Cultural Affairs . . — 928,264 929,910 2,841,739 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 127 FINANCIAL INFORMATION SERVICES AGENCY 00476 Administrative Services to the Public . . 300,000 300,000 225,806 323,078 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 55,000 55,000 425,643 513,182 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — — 32,305 10,260 ______________ ______________ ______________ ______________ Total Financial Information
Services Agency . . . . . . . . . . . . . . . 355,000 355,000 683,754 846,520 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (2,588) ______________ ______________ ______________ ______________ Net Total Financial Information
Services Agency . . . . . . . . . . . . . . . 355,000 355,000 683,754 843,932 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 131 OFFICE OF PAYROLL ADMINISTRATION 00470 Other Services and Fees . . . . . . . . . . 133,145 130,145 435,984 511,711 00476 Administrative Services to the Public . . 517,100 518,000 595,970 584,534 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 3,027,800 3,008,000 1,531,640 41,101,905 44061 Non-Governmental Grants . . . . . . . . — 909,318 909,317 1,000,063 ______________ ______________ ______________ ______________ Total Office of Payroll
Administration . . . . . . . . . . . . . . . . 3,678,045 4,565,463 3,472,911 43,198,213 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 136 LANDMARKS PRESERVATION COMMISSION 00250 Permits—General . . . . . . . . . . . . . . . 3,814,000 6,000,000 6,740,782 6,303,033 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 9,000 9,000 150,318 111,438 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 9,956 9,956 — ______________ ______________ ______________ ______________ Total Landmarks Preservation
Commission . . . . . . . . . . . . . . . . . . 3,823,000 6,018,956 6,901,056 6,414,471 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 156 NYC TAXI AND LIMOUSINE COMMISSION 00200 Licenses—General . . . . . . . . . . . . . . 49,004,000 47,200,000 49,137,653 46,161,980 00470 Other Services and Fees . . . . . . . . . . 10,217,000 10,217,000 9,699,433 12,315,767 00476 Administrative Services to the Public . . — — 1,250 3,082 00600 Fines—General . . . . . . . . . . . . . . . . . 5,979,000 14,200,000 15,430,415 15,616,891 00846 Awards from Litigation . . . . . . . . . . . — — 253,871 — 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 553,069,000 21,069,000 20,958,261 337,895,211 ______________ ______________ ______________ ______________ Total NYC Taxi and Limousine
Commission . . . . . . . . . . . . . . . . . . 618,269,000 92,686,000 95,480,883 411,992,931 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (110,200) ______________ ______________ ______________ ______________ Net Total NYC Taxi and Limousine
Commission . . . . . . . . . . . . . . . . . . 618,269,000 92,686,000 95,480,883 411,882,731 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
236
(Continued)
226 COMMISSION ON HUMAN RIGHTS 15924 Equal Employment Opportunity
Commission Grant . . . . . . . . . . . . . $ — $ 144,950 $ 61,161 $ 141,400 ______________ ______________ ______________ ______________ Total Commission on Human Rights . . — 144,950 61,161 141,400 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 260 DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT 00923 Emergency Shelter . . . . . . . . . . . . . . . — 98,217 196,434 98,217 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 59,236 29,406 136,867 11957 Temporary Assistance for Needy
Families (TANF) . . . . . . . . . . . . . . — 14,453,761 14,453,761 13,467,175 15905 Community Services Block Grants . . 28,576,101 32,543,537 31,073,181 32,062,415 16150 Workforce Investment Act (W.I.A.)
Partnership for Youth Out of School . 15,332,305 13,336,729 13,062,378 11,720,261 16151 W.I.A. In-School Youth Incentive . . . 10,669,854 7,038,463 6,518,290 6,114,443 16154 W.I.A. Central Administration . . . . . . 2,880,847 2,420,333 2,218,782 2,137,571 16162 Workforce Investment Act (W.I.A.)
National Emergency Grants . . . . . . — — — 407,195 16163 Hurricane Sandy Disaster Relief
Appropriations Act Supplemental— National Emergency Grants (NEGs) . . . . . . . . . . . . . . . . . . . . . . — — — 561,799
29903 State Aid For Youth Services . . . . . . . 3,930,745 5,205,428 5,205,428 3,930,745 29976 Runaway and Homeless Youth . . . . . 172,765 178,651 197,951 191,426 29977 Youth Initiatives . . . . . . . . . . . . . . . . . 1,400,000 — — — 30855 Housing for Runaways . . . . . . . . . . . 571,614 565,729 546,429 599,541 43900 Private Grants . . . . . . . . . . . . . . . . . . — 1,850,346 1,814,021 2,488,776 ______________ ______________ ______________ ______________ Total Department of Youth and
Community Development . . . . . . . 63,534,231 77,750,430 75,316,061 73,916,431 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (429,002) (1,112,043) ______________ ______________ ______________ ______________ Net Total Department of Youth and
Community Development . . . . . . . 63,534,231 77,750,430 74,887,059 72,804,388 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 312 CONFLICTS OF INTEREST BOARD 00470 Other Services and Fees . . . . . . . . . . 99,000 150,000 179,929 123,837 ______________ ______________ ______________ ______________ Total Conflicts of Interest Board . . . . 99,000 150,000 179,929 123,837 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 313 OFFICE OF COLLECTIVE BARGAINING 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . — — — 40 31902 Municipal Labor Committee—
Reimbursement . . . . . . . . . . . . . . . 155,675 155,675 244,297 200,513 ______________ ______________ ______________ ______________ Total Office of Collective Bargaining 155,675 155,675 244,297 200,553 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 341 MANHATTAN COMMUNITY BOARD #1 43900 Private Grants . . . . . . . . . . . . . . . . . . — 226,846 — — ______________ ______________ ______________ ______________ Total Manhattan Community Board #1 — 226,846 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 342 MANHATTAN COMMUNITY BOARD #2 43900 Private Grants . . . . . . . . . . . . . . . . . . — 31,514 — — ______________ ______________ ______________ ______________ Total Manhattan Community Board #2 — 31,514 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
237
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343 MANHATTAN COMMUNITY BOARD #3 43900 Private Grants . . . . . . . . . . . . . . . . . . $ — $ 5,751 $ — $ — ______________ ______________ ______________ ______________ Total Manhattan Community Board #3 — 5,751 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 346 MANHATTAN COMMUNITY BOARD #6 43900 Private Grants . . . . . . . . . . . . . . . . . . — 90,243 — — ______________ ______________ ______________ ______________ Total Manhattan Community Board #6 — 90,243 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 385 BRONX COMMUNITY BOARD #5 43900 Private Grants . . . . . . . . . . . . . . . . . . — 12,307 — — ______________ ______________ ______________ ______________ Total Bronx Community Board #5 . . — 12,307 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 431 QUEENS COMMUNITY BOARD #1 43900 Private Grants . . . . . . . . . . . . . . . . . . — 30,194 — — ______________ ______________ ______________ ______________ Total Queens Community Board #1 . . — 30,194 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 433 QUEENS COMMUNITY BOARD #3 43900 Private Grants . . . . . . . . . . . . . . . . . . — 1,729 — — ______________ ______________ ______________ ______________ Total Queens Community Board #3 . . — 1,729 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 472 BROOKLYN COMMUNITY BOARD #2 43900 Private Grants . . . . . . . . . . . . . . . . . . — 310 — — ______________ ______________ ______________ ______________ Total Brooklyn Community Board #2 — 310 — — ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 476 BROOKLYN COMMUNITY BOARD #6 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — — — 29,250 ______________ ______________ ______________ ______________ Total Brooklyn Community Board #6 — — — 29,250 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 781 DEPARTMENT OF PROBATION 00470 Other Services and Fees . . . . . . . . . . 302,000 302,000 310,615 281,322 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . — — 28,590 408 04212 Juvenile Justice and Delinquency
Program . . . . . . . . . . . . . . . . . . . . . — 34,685 34,685 125,128 04282 Support for Adam Walsh Act
Implementation Grant Program . . . 89,569 — — 70,962 19942 State Aid to Department of Probation . . 14,604,832 13,187,596 13,187,595 11,004,917 19980 Intensive Supervision Program . . . . . — — — 1,700,218 21606 Kings County Juvenile Offenders . . . — — — 75,073 26082 Domestic Violence State Grant . . . . . — — — 177,274 29856 Aid to Prosecution . . . . . . . . . . . . . . . — — — 305,188 29869 State Local Initiative . . . . . . . . . . . . . — 23,916 76,836 35,818 43900 Private Grants . . . . . . . . . . . . . . . . . . 90,000 — 70,804 743,763 ______________ ______________ ______________ ______________ Total Department of Probation . . . . . 15,086,401 13,548,197 13,709,125 14,520,071 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — 560,695 (31,286) ______________ ______________ ______________ ______________ Net Total Department of Probation . . 15,086,401 13,548,197 14,269,820 14,488,785 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 801 DEPARTMENT OF SMALL BUSINESS SERVICES 00250 Permits—General . . . . . . . . . . . . . . . 440,000 590,000 719,863 597,528 00325 Privileges—Other . . . . . . . . . . . . . . . 970,000 970,000 970,000 970,000 00470 Other Services and Fees . . . . . . . . . . — — 33,807 22,283 00476 Administrative Services
to the Public . . . . . . . . . . . . . . . . . . 50,000 50,000 71,250 27,750
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
238
(Continued)
801 DEPARTMENT OF SMALL BUSINESS SERVICES (cont.) 00753 Rentals—Dock, Ship, & Wharfage . . $ 4,800,000 $ 4,800,000 $ 4,800,000 $ 4,800,000 00754 Rentals—Market . . . . . . . . . . . . . . . . 7,251,000 7,251,000 7,251,000 7,251,000 00760 Rentals—Other . . . . . . . . . . . . . . . . . 46,957,000 21,983,000 31,962,512 50,004,877 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 19,490,000 9,745,000 9,744,692 31,097,601 01235 Community Development
Block Grant . . . . . . . . . . . . . . . . . . — 4,119,819 2,277,753 5,521,694 03100 Department of Defense Grant . . . . . . 299,196 299,196 300,291 305,854 03233 Electricity Delivery and Energy
Reliability, Research, Development and Analysis . . . . . . . . . . . . . . . . . . — — — 927,885
03278 FEMA Severe Storm and Flooding . . — — 51,528 03300 FEMA Sandy A Debris Removal . . . — 765 199,378 217,981 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 1,020,162 1,039,235 4,042,584 03302 FEMA Sandy C Roads and Bridges . . — — 42,434 — 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — 1,925,206 1,241,316 677,724 03306 FEMA Sandy G Parks, Recreational
Facilities, and Other Items . . . . . . . — 1,079,766 857,395 336,619 06014 Highway Planning and Construction . . — 813,419 823,751 1,390,940 09392 Brownfield Assessment and
Cleanup Cooperative . . . . . . . . . . . — 1,286,309 927,794 573,112 16149 Workforce Investment Act
(W.I.A.)—Adult . . . . . . . . . . . . . . . 24,402,746 26,608,398 26,149,718 25,569,429 16152 W.I.A. Dislocated Workers . . . . . . . . 14,713,480 16,160,334 13,125,647 14,784,895 16153 W.I.A. Statewide Activities . . . . . . . . 111,801 111,801 — — 16154 W.I.A. Central Administration . . . . . . 3,595,711 3,550,278 3,349,539 3,045,030 16160 Trade Adjustment Assistance . . . . . . — 1,130,067 865,429 849,442 16162 Workforce Investment Act (W.I.A.)
National Emergency Grants . . . . . . — 6,396,124 5,498,111 2,039,268 16163 Hurricane Sandy Disaster Relief
Appropriations Act Supplemental— National Emergency Grants (NEGs) . . . . . . . . . . . . . . . . . . . . . . — — 710,891 6,705,447
23911 Environmental Conservation . . . . . . . — 753,775 753,775 394,000 30264 NYS Local Waterfront Revitalization — — — 342,598 30959 Waterfront—Tourism—
Environmental Education . . . . . . . — 94,020 109,020 — 43900 Private Grants . . . . . . . . . . . . . . . . . . 125,000 125,000 — 125,000 43954 Business Relocation Assistance
Corporation Security . . . . . . . . . . . 80,000 80,000 — — 44059 Hudson Yards . . . . . . . . . . . . . . . . . . . — 2,394,128 2,348,277 1,801 44061 Non-Governmental Grants . . . . . . . . 8,600,000 8,600,000 — — 45001 Pollution Remediation—Bond Sales . . — 21,017,948 21,017,948 3,709,919 50006 Economic Development Initiative—
Special Project, Neighborhood Initiative and Miscellaneous Grants — 1,776,073 1,102,692 995,242 ______________ ______________ ______________ ______________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
239
(Continued)
801 DEPARTMENT OF SMALL BUSINESS SERVICES (cont.) Total Department of Small
Business Services . . . . . . . . . . . . . . $ 131,885,934 $ 144,731,588 $ 138,345,046 $ 167,327,503 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (6,756,630) (8,860,492) ______________ ______________ ______________ ______________ Net Total Department of Small
Business Services . . . . . . . . . . . . . . 131,885,934 144,731,588 131,588,416 158,467,011 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 806 HOUSING PRESERVATION AND DEVELOPMENT 00325 Privileges—Other . . . . . . . . . . . . . . . 84,000 84,000 82,345 50,892 00470 Other Services and Fees . . . . . . . . . . 13,150,750 28,745,750 33,166,794 27,929,215 00551 Administrative Services to the Public . . — — — 185 00552 Multiple Dwelling Loans . . . . . . . . . — — 368,034 — 00554 Principal on Article 8 Loans . . . . . . . — — 148,034 — 00556 Principal Payments—Mitchell Lama . . — — 3,000 — 00558 Multi-Family Participation Loan . . . . — — 44,631,578 31,383,532 00560 Urban Development Action
Grant/Partnership—(UDAG) . . . . . — — 2,281,974 1,640,663 00561 Nehemiah New Homes . . . . . . . . . . . — — 516,460 611,171 00564 Other Debt Service Reimbursement . . — — 182,363 — 00600 Fines—General . . . . . . . . . . . . . . . . . 1,106,000 1,440,000 1,747,327 1,418,758 00760 Rentals—Other . . . . . . . . . . . . . . . . . 6,208,000 10,797,000 10,546,473 11,465,689 00815 Sales of In-Rem Property . . . . . . . . . 905,000 17,020,000 17,699,994 9,444,784 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . 656,000 2,576,000 1,429,281 2,320,420 00933 Neighborhood Stabilization
Program—American Recovery and Reinvestment Act (ARRA) . . . — — — 41,759
00936 Neighborhood Stabilization Program . . — — — 132,597 01203 Section 17 Rental Rehabilitation . . . . — — 142,195 601,244 01207 Home Investment Partnership . . . . . . 8,529,000 11,815,076 7,012,030 10,653,840 01234 Lead Hazard Reduction
Demonstration . . . . . . . . . . . . . . . . 972,993 2,249,162 1,057,744 927,513 01241 Transformation Initiative Research
Grants: Natural Experiment . . . . . . — — — 75,594 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 2,273,607 — — 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — — 104,282 — 11957 Temporary Assistance for Needy
Families (TANF) . . . . . . . . . . . . . . 950,000 3,100,000 3,097,708 3,573,200 26069 TANF—Public Assistance—State . . . 475,000 475,000 321,004 332,370 26071 Safety—Net . . . . . . . . . . . . . . . . . . . . 600,000 600,000 336,621 316,182 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 41,708 41,708 — 43900 Private Grants . . . . . . . . . . . . . . . . . . 1,256,001 5,532,277 1,703,636 1,748,178 43999 NYC Housing Authority Supervisor . . — 2,744,261 2,744,261 4,022,964 44061 Non-Governmental Grants . . . . . . . . — 1,596,134 502,949 715,078 44500 Battery Park Housing Trust Fund . . . 409,606 2,070,594 1,430,152 6,151,589 44501 NYC Housing & Urban
Development . . . . . . . . . . . . . . . . . — 254,000 431,188 376,669
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
240
(Continued)
806 HOUSING PRESERVATION AND DEVELOPMENT (cont.) 45001 Pollution Remediation—Bond Sales . . $ — $ 1,725,711 $ 1,725,711 $ 1,625,331 50000 Section 8 Rent Subsidy . . . . . . . . . . . 294,434,259 423,853,616 420,300,756 412,391,756 50001 Section 8 Administrative Fees . . . . . . 19,759,260 20,098,232 16,428,646 17,939,546 50002 Shelter Plus Care . . . . . . . . . . . . . . . . 26,185,775 31,290,356 30,040,152 28,201,244 ______________ ______________ ______________ ______________ Total Housing Preservation and
Development . . . . . . . . . . . . . . . . . 375,681,644 570,382,484 600,224,400 576,091,963 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (16,125) (1,664,776) ______________ ______________ ______________ ______________ Net Total Housing Preservation and
Development . . . . . . . . . . . . . . . . . 375,681,644 570,382,484 600,208,275 574,427,187 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 810 DEPARTMENT OF BUILDINGS 00200 Licenses—General . . . . . . . . . . . . . . 2,889,000 2,400,000 2,532,919 2,430,850 00250 Permits—General . . . . . . . . . . . . . . . 13,478,000 29,636,000 31,669,596 27,460,630 00251 Construction Permits . . . . . . . . . . . . . 101,338,000 155,000,000 163,460,352 134,008,721 00470 Other Services and Fees . . . . . . . . . . 27,421,000 34,655,000 36,557,566 34,264,414 00476 Administrative Services
to the Public . . . . . . . . . . . . . . . . . . 5,535,000 5,535,000 5,551,164 5,505,700 00600 Fines—General . . . . . . . . . . . . . . . . . 22,689,000 47,000,000 52,052,581 42,381,204 ______________ ______________ ______________ ______________ Total Department of Buildings . . . . . 173,350,000 274,226,000 291,824,178 246,051,519 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — 89,065 (422,362) ______________ ______________ ______________ ______________ Net Total Department of Buildings . . 173,350,000 274,226,000 291,913,243 245,629,157 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 816 DEPARTMENT OF HEALTH AND MENTAL HYGIENE 00200 Licenses—General . . . . . . . . . . . . . . 906,000 906,000 859,052 866,693 00250 Permits—General . . . . . . . . . . . . . . . 10,786,000 10,786,000 11,604,744 11,644,382 00430 Health Services and Fees . . . . . . . . . . 11,781,000 11,281,000 11,384,902 11,486,068 00470 Other Services and Fees . . . . . . . . . . — — 34,382 6,251 00476 Administrative Services
to the Public . . . . . . . . . . . . . . . . . . 4,457,000 3,857,000 3,992,244 3,836,425 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 5,600,000 3,250,000 3,675,163 5,031,031 00888 Medicaid Management
Information System . . . . . . . . . . . . — — 1 — 00923 Emergency Shelter . . . . . . . . . . . . . . . — 118,850 118,850 118,850 01209 Housing Opportunities for People
with AIDS . . . . . . . . . . . . . . . . . . . 12,222,478 20,045,812 20,419,600 20,297,447 01234 Lead Hazard Reduction
Demonstration . . . . . . . . . . . . . . . . 124,197 260,440 245,176 378,100 03008 State Admin Match Grants/
Supplemental Nutrition Assistance PGM . . . . . . . . . . . . . . . 307,771 1,360,645 1,675,412 1,560,605
03273 Homeland Security Advanced Research Project . . . . . . . . . . . . . . — 13,449 5,899 99,611
03300 FEMA Sandy A Debris Removal . . . — — 15,189 11,025 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . 1,636,653 1,755,853 1,602,401 851,028 04244 Urban Areas Security Initiative . . . . . 2,309,188 7,233,441 8,402,895 7,960,587 04248 National Institute of Justice Research
Evaluation Development Project . . — 712 18,292 104,260
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
241
(Continued)
816 DEPARTMENT OF HEALTH AND MENTAL HYGIENE (cont.)
04249 Domestic Preparedness Equipment Support . . . . . . . . . . . . $ — $ 1,150,363 $ 1,312,584 $ 6,278,474
04256 National Institute of Justice Research (NIJR) . . . . . . . . . . . . . . . 156,482 419,002 504,720 1,193,910
04261 Justice Assistance Grant Funds . . . . . — 22,336 2,971 137,792 04264 Forensic Casework DNA Backlog
Reduction . . . . . . . . . . . . . . . . . . . . 987,640 1,302,344 1,259,679 1,058,546 04269 Criminal, Juvenile Justice and
Mental Health . . . . . . . . . . . . . . . . — 40,555 39,934 110,358 04274 Paul Coverdell Forensic Sciences
Improvement . . . . . . . . . . . . . . . . . 57,316 59,771 59,771 67,560 04280 Residential Substance Abuse
Treatment for State Prisoners . . . . . — 40,074 39,837 — 07906 Lead Poison Control . . . . . . . . . . . . . 3,450,485 2,938,199 2,892,216 2,961,298 07920 Immunizations . . . . . . . . . . . . . . . . . . 12,838,915 9,458,208 9,010,612 9,310,497 07921 Venereal Disease Control . . . . . . . . . 8,374,710 6,409,975 6,121,751 5,436,750 07923 Tuberculosis Control . . . . . . . . . . . . . 15,117,213 6,429,296 4,776,999 5,242,457 07935 AIDS Prevention and Surveillance
Projects . . . . . . . . . . . . . . . . . . . . . 33,534,001 31,916,686 27,390,403 35,535,272 07936 Acquired Immunodeficiency
Syndrome (AIDS) Activity . . . . . . — 210,331 274,526 88,134 07943 Federal Alcoholism Program . . . . . . . 3,333,830 12,010,579 11,980,891 10,970,553 07944 Community Support Services . . . . . . 14,242,290 14,242,290 14,093,607 13,271,905 07949 Injury Prevention Program . . . . . . . . — 28,685 40,474 — 07951 McKinney Homeless Block Grant . . 1,642,505 1,700,305 1,670,189 1,689,875 07953 Case Management Services—
Physically Handicapped Children . . 58,645 145,288 154,285 153,865 07955 Childhood Lead Screening
Prevention . . . . . . . . . . . . . . . . . . . 316,431 316,431 — — 07958 AIDS HIV Surveillance . . . . . . . . . . . 7,557,196 7,416,562 6,227,131 6,182,126 07959 Ryan White HIV Emergency Relief
Formula Grant . . . . . . . . . . . . . . . . 102,711,769 98,602,099 100,235,792 103,728,662 07962 NON-ACA/PPHF—Building
Capacity of the Public Health System to Improve Population Health through National Nonprofit Organizations . . . . . . . . . . . . . . . . . — 64,331 89,289 —
07966 Projects for Assistance in Transition from Homeless (PATH) . . . . . . . . . 1,085,744 1,085,744 1,060,750 901,017
07968 Day Care Inspections . . . . . . . . . . . . 11,980,014 10,288,932 9,968,959 9,720,263 07981 Community Mental Health Services . . 1,646,689 1,646,689 1,646,689 1,646,689 07987 Laboratory Surveillance . . . . . . . . . . 1,806,034 — — 111,428 07998 Safe Motherhood & Infant Health . . . 50,896 243,739 271,398 257,158 08003 Viral Hepatitis Prevention . . . . . . . . . 87,887 163,258 131,727 184,389 08006 Healthy Start Initiative . . . . . . . . . . . — 160,960 128,271 — 08010 HIV/AIDS Research—African
American Museum . . . . . . . . . . . . . — 53,569 62,727 343,076 08013 Bioterrorism Hospital Preparedness . . 600,000 600,000 — —
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
242
(Continued)
816 DEPARTMENT OF HEALTH AND MENTAL HYGIENE (cont.)
08016 CDC Investigation & Technical Assistance . . . . . . . . . . . . . . . . . . . $ 478,412 $ 2,256,810 $ 2,554,647 $ 2,990,730
09398 Beach Monitoring and Notification . . 14,538 36,268 44,888 59,925 09401 Science to Achieve Results (STAR)
Research Program . . . . . . . . . . . . . 18,026 173,512 108,852 84,358 11919 Medical Assistance Program . . . . . . . 18,541,978 21,967,995 33,944,486 17,834,257 11957 Temporary Assistance for Needy
Families (TANF) . . . . . . . . . . . . . . — 1,549,124 1,549,120 1,549,124 11980 Medical Assistance Program . . . . . . . 13,596,963 13,583,573 6,548,425 10,742,551 11997 Mental Health Disaster Assistance
and Emergency Mental Health . . . — 19,770 18,107 — 13013 Mammography Quality Standards . . . 115,895 387,868 407,349 377,762 13021 Substance Abuse and Mental
Health Services . . . . . . . . . . . . . . . 378,304 518,122 534,739 1,499,116 13026 Environmental Public Health
and Emergency . . . . . . . . . . . . . . . — 66,076 74,884 — 13031 Strengthening Public Health . . . . . . . 203,568 417,863 442,928 1,190,364 13036 Teenage Pregnancy Prevention
Program . . . . . . . . . . . . . . . . . . . . . 191,207 637,388 757,333 967,144 13039 PPHF 2012: Community
Transformation Grants and National Dissemination . . . . . . . . . 451,424 631,837 525,763 1,475,503
13919 Summer Food Service Program for Children . . . . . . . . . . . . . . . . . . 22,500 67,143 74,547 105,663
14704 Early Intervention Respite . . . . . . . . . 5,182,316 4,339,350 2,462,578 3,739,135 15603 Preparedness & Response
Bioterrorism . . . . . . . . . . . . . . . . . . 4,529,891 4,529,891 — — 15605 National Environmental
Public Health . . . . . . . . . . . . . . . . . 269,597 1,018,564 952,779 874,933 15611 Occupational Safety and Health . . . . 837,456 6,355,509 7,589,249 5,945,659 15612 Research on Healthcare Cost
and Quality . . . . . . . . . . . . . . . . . . . 24,611 13,577 13,576 18,776 15613 Special Projects of National
Significance . . . . . . . . . . . . . . . . . . 44,215 506,369 472,416 175,840 15618 Affordable Care Act—Epidemiology . . 113,913 1,552,532 1,728,991 2,100,830 15619 Affordable Care Act—HIV . . . . . . . . — — — 321,937 15620 Affordable Care Act—Maternal,
Infant, and Early Childhood Home Visiting Program . . . . . . . . . . . . . . 255,506 896,905 896,903 896,970
15621 Capacity Building Assistance to Strengthen Public Health Immunization Infrastructure and Performance . . . . . . . . . . . . . . — 599,668 708,058 1,242,428
15622 Hospital Preparedness Program (HPP) and Public Health Emergency Preparedness (PHEP) . . . . . . . . . . . 10,735,979 12,118,662 15,096,573 12,148,668
15624 PPHF 2012—Prevention and Public Health Fund (Affordable Care Act) . . 484,607 1,134,787 1,234,001 301,442
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
243
(Continued)
816 DEPARTMENT OF HEALTH AND MENTAL HYGIENE (cont.)
15625 Drug Abuse and Addiction Research Programs . . . . . . . . . . . . . . . . . . . . $ — $ 90,224 $ 127,321 $ 58,969
15626 Diabetes, Digestive, and Kidney Diseases Extramural Research . . . . — 220,241 279,020 54,231
15627 Sodium Reduction in Communities . . 41,453 84,247 109,323 31,994 15629 Allergy, Immunology and
Transplantation Research . . . . . . . . — 177,966 197,474 — 15632 Health Information Technology
Regional Extension Centers Program . . . . . . . . . . . . . . . . . . . . . — — — 135,451
15633 Health Care Innovation Awards (HCIA) . . . . . . . . . . . . . . . — 732,668 969,510 641,009
15635 HIV Prevention Activities Non- Governmental Organization Based . . 508,649 1,397,602 1,545,014 99,499
15636 HHS Programs for Disaster Relief Appropriations Act— Non Construction . . . . . . . . . . . . . . 54,323 79,344 109,297 97,126
15637 Mental Health Research Grants . . . . . — 233,292 266,866 121,105 15638 Child Lead Poisoning Prevention
Surveillance financed in part by Prevention and Public Health (PPHF) . . . . . . . . . . . . . . . . — 79,040 88,849 —
15639 Community Programs to Improve Minority Health Grant Program . . . — 259,539 136,814 —
15641 Partnerships to Improve Community Health . . . . . . . . . . . . . — 24,891 11,114 —
23900 Medicaid—Health and Medical Care . . 15,534,749 18,572,295 33,786,752 12,847,031 23908 Public Health—Local Assistance . . . 107,348,493 123,354,945 70,513,240 112,951,948 23934 Physically Handicapped Children . . . 35,783 12,500 3,484 9,533 23948 Community Support System . . . . . . . 14,511,668 14,325,257 13,917,295 16,801,781 23949 State Aid Mental Health . . . . . . . . . . 11,300,100 11,299,124 11,259,837 12,054,801 23950 State Aid Mental Retardation . . . . . . 2,850,853 2,153,155 2,112,475 4,396,663 23951 State Aid Alcoholism . . . . . . . . . . . . . 42,336,587 38,293,826 37,844,244 37,867,586 23952 Outpatient State Aid . . . . . . . . . . . . . 1,836,436 1,836,436 1,846,436 1,682,521 23953 Chapter 620 Mental Retardation . . . . 3,697,616 5,055,722 5,013,942 2,140,042 23962 Public Health Works—Tuberculosis
Reimbursement . . . . . . . . . . . . . . . 164,138 — — 10,376 23972 Tuberculosis Control and Prevention . . 1,613,873 2,111,029 2,118,807 1,998,108 23975 NYS—NYC Lead Poisoning . . . . . . — 1,542,564 2,229,815 2,250,603 23976 Early Intervention Services . . . . . . . . 97,887,577 106,254,802 52,483,514 103,431,473 23980 Public Health Priorities . . . . . . . . . . . — 3,138,492 2,741,442 608,827 23981 Youth Tobacco Enforcement and
Prevention . . . . . . . . . . . . . . . . . . . 25,758 163,906 153,193 138,969 23984 HIV Partner Notification . . . . . . . . . . 864,234 1,895,238 1,843,182 1,764,376 23990 Enhanced Drinking Water Protection . . — 260,376 305,544 267,781 23993 Community Organization Facilitated
Enrollment . . . . . . . . . . . . . . . . . . . 56,393 56,393 — — 23995 Clinical Infrastructure . . . . . . . . . . . . 2,074,372 2,466,774 2,159,395 1,969,921
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
244
(Continued)
816 DEPARTMENT OF HEALTH AND MENTAL HYGIENE (cont.)
23997 Children and Family Emergency Services . . . . . . . . . . . . . . . . . . . . . $ 3,983,376 $ 3,983,376 $ 3,792,079 $ 2,476,019
23998 Supported Housing . . . . . . . . . . . . . . 6,563,056 6,563,056 6,477,055 5,592,385 24201 Intensive Case Management . . . . . . . 19,449,812 19,510,090 17,865,546 18,480,821 24203 Mental Health Alternatives to
Incarceration . . . . . . . . . . . . . . . . . 858,888 931,020 909,025 731,902 24204 Supported Housing Services . . . . . . . 711,604 711,604 703,610 1,185,722 24205 Peer Support State Aid . . . . . . . . . . . 991,968 991,968 991,968 991,656 24206 NYS—NYC Initiative . . . . . . . . . . . . 34,768,070 34,768,070 34,056,944 32,363,628 24208 Psychiatric Emergency State
Aid (CPEP) . . . . . . . . . . . . . . . . . . 1,969,320 1,969,320 1,766,521 2,078,132 24209 NYS—NYC Initiative . . . . . . . . . . . . 57,704,066 57,738,042 56,023,464 53,668,819 24210 Children and Family Support—State . . 6,492,816 6,492,816 6,484,769 5,989,258 24211 Coordinated Children
Services—State . . . . . . . . . . . . . . . 25,652 25,652 25,652 25,652 24216 Therapeutic Nursery . . . . . . . . . . . . . 10,820 10,820 10,820 — 24218 Mentally Ill Chemical Abusers . . . . . 294,352 294,352 293,230 273,454 24220 Assisted Outpatient Treatment . . . . . 2,216,824 2,216,824 2,216,824 2,219,752 24221 State Aid for C.O.L.A . . . . . . . . . . . . — 412,500 207,968 — 24226 Medication Grant . . . . . . . . . . . . . . . . 383,404 383,404 382,408 383,404 26087 Medical Assistance Program—
Medicaid . . . . . . . . . . . . . . . . . . . . 13,586,190 13,572,798 7,719,030 12,284,843 29866 Office of the Chief Medical Examiner
Toxicology Lab . . . . . . . . . . . . . . . — 90,002 90,000 71,346 29867 Office of the Chief Medical Examiner
DNA Lab . . . . . . . . . . . . . . . . . . . . — 887,919 989,685 1,273,077 29970 State Aid . . . . . . . . . . . . . . . . . . . . . . 15,548,256 15,923,256 15,533,182 17,874,840 30400 Stop Driving While Intoxicated . . . . . — 48,974 48,974 48,974 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 74,630 74,994 142,783 37929 Clinical Screening Program . . . . . . . . — 25,000 25,000 — 37941 Health Research . . . . . . . . . . . . . . . . . 198,920 952,611 910,137 888,169 37949 American Cancer Society . . . . . . . . . 100,000 128,634 128,634 103,094 37952 Medicare Health Clinics . . . . . . . . . . 845,493 845,493 11,977 — 43900 Private Grants . . . . . . . . . . . . . . . . . . 125,845 125,845 — 80,978 44061 Non-Governmental Grants . . . . . . . . — 98,017 98,030 370,508 45001 Pollution Remediation—Bond Sales . . — 234,648 234,648 294,170 ______________ ______________ ______________ ______________ Total Department of Health and
Mental Hygiene . . . . . . . . . . . . . . . 797,829,672 851,597,595 746,488,949 821,802,642 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (43,426,464) (25,184,067) ______________ ______________ ______________ ______________ Net Total Department of Health and
Mental Hygiene . . . . . . . . . . . . . . . 797,829,672 851,597,595 703,062,485 796,618,575 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 819 HEALTH AND HOSPITALS CORPORATION 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 13,504,913 13,504,912 3,508,177 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — — — 15,522,925
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
245
(Continued)
819 HEALTH AND HOSPITALS CORPORATION (cont.) 04244 Urban Areas Security Initiative . . . . . $ — $ 559,872 $ 559,871 $ 17,852 04249 Domestic Preparedness Equipment
Support . . . . . . . . . . . . . . . . . . . . . . — — — 270,310 45001 Pollution Remediation—Bond Sales . . — 4,110,605 4,110,605 76,324,616 ______________ ______________ ______________ ______________ Total Health and Hospitals
Corporation . . . . . . . . . . . . . . . . . . — 18,175,390 18,175,388 95,643,880 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 820 OFFICE OF ADMINISTRATIVE TRIALS AND HEARINGS 00470 Other Services and Fees . . . . . . . . . . — — 2,365 3,599 00476 Administrative Services to the Public . . 11,000 11,000 14,903 14,821 00600 Fines—General . . . . . . . . . . . . . . . . . 30,000,000 32,400,000 33,082,052 38,743,896 00603 Fines—Environmental Control Board 96,731,000 109,500,000 108,212,042 98,491,503 ______________ ______________ ______________ ______________ Total Office of Administrative Trials
and Hearings . . . . . . . . . . . . . . . . . 126,742,000 141,911,000 141,311,362 137,253,819 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (3,321) 1,336 ______________ ______________ ______________ ______________ Net Total Office of Administrative
Trials and Hearings . . . . . . . . . . . . 126,742,000 141,911,000 141,308,041 137,255,155 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 826 DEPARTMENT OF ENVIRONMENTAL PROTECTION 00250 Permits—General . . . . . . . . . . . . . . . 12,200,000 12,524,000 12,915,721 12,461,618 00470 Other Services and Fees . . . . . . . . . . 9,378,000 10,067,000 11,303,448 14,826,069 00476 Administrative Services
to the Public . . . . . . . . . . . . . . . . . . 150,000 150,000 46,287 82,817 00760 Rentals—Other . . . . . . . . . . . . . . . . . 1,565,000 1,565,000 1,831,585 1,811,900 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 500,000 500,000 464,666 502,292 03276 Buffer Zone Protection Plan (BZPP) . . — — — 103,208 03277 Homeland Security Biowatch Pgm . . 123,290 2,715,899 3,145,387 3,612,453 03278 FEMA Severe Storm and Flooding . . — — — 3,352,948 03280 Port Security . . . . . . . . . . . . . . . . . . . — — 405,470 405,470 03300 FEMA Sandy A Debris Removal . . . — — — 3,314,809 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — 843,148 26,832,850 03305 FEMA Sandy F Utilities . . . . . . . . . . — 29,283,106 — 22,372,852 04244 Urban Areas Security Initiative . . . . . — 738,227 738,225 1,284,657 09392 Brownfield Assessment and
Cleanup Cooperative . . . . . . . . . . . — 26,090 16,818 393,670 29801 NYS Energy Conservation . . . . . . . . — 39,942 24,535 137,013 44061 Non-Governmental Grants . . . . . . . . — 3,303,963 2,000,000 682,906 45000 Pollution Remediation—
Water & Sewer . . . . . . . . . . . . . . . . — 13,493,944 13,493,944 20,141,578 45001 Pollution Remediation—Bond Sales . . — 1,790,674 1,790,674 2,993,277 ______________ ______________ ______________ ______________ Total Department of Environmental
Protection . . . . . . . . . . . . . . . . . . . . 23,916,290 76,197,845 49,019,908 115,312,387 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (405,470) (33,000,000) ______________ ______________ ______________ ______________ Net Total Department of
Environmental Protection . . . . . . . 23,916,290 76,197,845 48,614,438 82,312,387 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
246
(Continued)
827 DEPARTMENT OF SANITATION 00200 Licenses—General . . . . . . . . . . . . . . $ 563,000 $ 563,000 $ 572,750 $ 556,000 00304 Dumping Privileges . . . . . . . . . . . . . . 650,000 1,131,000 1,124,626 1,030,669 00325 Privileges—Other . . . . . . . . . . . . . . . 5,175,000 3,175,000 3,419,375 3,449,219 00420 Sanitation Services and Fees . . . . . . . 10,000 10,000 12,759 12,815 00470 Other Services and Fees . . . . . . . . . . 651,000 651,000 394,680 462,563 00476 Administrative Services
to the Public . . . . . . . . . . . . . . . . . . 50,000 50,000 55,542 45,437 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 9,281,000 8,620,000 8,130,150 8,036,276 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 2,800,000 3,700,000 3,762,241 3,709,446 03300 FEMA Sandy A Debris Removal . . . — 942,354 848,118 292,936 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 770,219 770,219 — 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — 217,398 141,768 406,679 29801 NYS Energy Conservation . . . . . . . . 25,000 40,915 37,091 25,000 30255 NYS DEC Recycling . . . . . . . . . . . . . — 815,028 815,028 — 41900 Private Grants . . . . . . . . . . . . . . . . . . — 212,915 212,915 198,848 43900 Private Grants . . . . . . . . . . . . . . . . . . 750,000 2,101,067 2,349,582 2,307,545 45001 Pollution Remediation—Bond Sales . . — 191,301 191,301 1,210,644 ______________ ______________ ______________ ______________ Total Department of Sanitation . . . . . 19,955,000 23,191,197 22,838,145 21,744,077 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (343,373) (1,105,742) ______________ ______________ ______________ ______________ Net Total Department of Sanitation . . 19,955,000 23,191,197 22,494,772 20,638,335 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 829 BUSINESS INTEGRITY COMMISSION 00200 Licenses—General . . . . . . . . . . . . . . 4,118,494 4,118,494 4,695,579 4,340,932 00470 Other Services and Fees . . . . . . . . . . 360,500 360,500 379,969 561,963 00600 Fines—General . . . . . . . . . . . . . . . . . 1,500,000 1,500,000 1,532,816 1,391,407 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . — — 35 3,681 03204 Asset Forfeitures . . . . . . . . . . . . . . . . — 976,332 976,332 443,847 04176 Local Law Enforcement Block
Grants Program . . . . . . . . . . . . . . . — 12,278 12,278 8,884 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — — — 42,129 ______________ ______________ ______________ ______________ Total Business Integrity Commission . . 5,978,994 6,967,604 7,597,009 6,792,843 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (1) — ______________ ______________ ______________ ______________ Net Total Business Integrity
Commission . . . . . . . . . . . . . . . . . . 5,978,994 6,967,604 7,597,008 6,792,843 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 836 DEPARTMENT OF FINANCE 00050 General Sales Tax . . . . . . . . . . . . . . . — — 13,582,654 15,224,926 00070 Cigarette Tax . . . . . . . . . . . . . . . . . . . — — 179,251 1,152,120 00073 Commercial Motor Vehicle Tax . . . . . — — 476,000 695,000 00090 Personal Income Tax
(Net of Refunds) . . . . . . . . . . . . . . — — 30,810,898 21,956,563 00093 General Corporation Tax
(Net of Refunds) . . . . . . . . . . . . . . — — 462,526,833 600,835,309 00095 Financial Corporation Tax
(Net of Refunds) . . . . . . . . . . . . . . — — 444,622,321 125,194,939
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
247
(Continued)
836 DEPARTMENT OF FINANCE (cont.) 00099 Unincorporated Business Income Tax
(Net of Refunds) . . . . . . . . . . . . . . $ — $ — $ 102,394,842 $ 71,805,315 00103 Utility Tax . . . . . . . . . . . . . . . . . . . . . — — 13,909,618 5,074,320 00112 Hotel Room Occupancy Tax . . . . . . . — — 3,543,304 5,423,824 00113 Commercial Rent Tax . . . . . . . . . . . . — — 52,213,502 60,783,385 00122 Conveyance of Real Property Tax . . . — — 6,980,973 2,855,415 00126 Surcharge on Liquor Licenses . . . . . . — — 265,000 346,000 00134 Refunds—Penalty and Interest
on Other Taxes . . . . . . . . . . . . . . . . — — — (22,786) 00200 Licenses—General . . . . . . . . . . . . . . 50,000 50,000 39,600 45,600 00470 Other Services and Fees . . . . . . . . . . 50,993,200 46,150,000 50,626,482 51,974,320 00472 Parking Meter Revenues . . . . . . . . . . — — — 2,190 00476 Administrative Services to the Public . . 8,613,000 16,113,000 15,963,143 12,666,855 00600 Fines—General . . . . . . . . . . . . . . . . . 16,967,000 35,107,000 31,354,055 37,598,065 00602 Fines—Parking Violations Bureau . . 568,548,000 639,000,000 642,752,315 587,623,500 00603 Fines—Environmental Control Board 23,000,000 49,500,000 50,089,136 41,452,561 00650 Forfeitures—General . . . . . . . . . . . . . 2,500,000 1,500,000 665,469 1,369,625 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 8,125,000 11,245,000 11,899,549 10,541,857 29303 State Aid for Assessments . . . . . . . . . 437,500 437,500 — — 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — — — 75,000 56001 Interest Income—Other . . . . . . . . . . . 150,000 222,000 218,055 186,820 56002 Interest Income—Sales Tax . . . . . . . . 530,000 260,000 275,004 370,155 ______________ ______________ ______________ ______________ Total Department of Finance . . . . . . . 679,913,700 799,584,500 1,935,388,004 1,655,230,878 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — 9,650 ______________ ______________ ______________ ______________ Net Total Department of Finance . . . 679,913,700 799,584,500 1,935,388,004 1,655,240,528 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 841 DEPARTMENT OF TRANSPORTATION 00250 Permits—General . . . . . . . . . . . . . . . 26,460,000 37,641,000 42,848,691 33,533,191 00320 Franchises—Other . . . . . . . . . . . . . . . 52,329,000 54,017,000 54,094,143 51,001,555 00325 Privileges—Other . . . . . . . . . . . . . . . 56,685,000 56,454,000 56,479,311 56,629,651 00410 Highway and Street Services
and Fees . . . . . . . . . . . . . . . . . . . . . 3,781,000 4,010,000 3,999,426 4,048,433 00472 Parking Meter Revenues . . . . . . . . . . 215,769,212 214,957,212 210,920,603 211,590,604 00476 Administrative Services to the Public . . 20,000 20,000 35,740 29,889 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 115,000 115,000 61,710 218,779 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 250,000 250,000 330,562 408,872 01235 Community Development
Block Grant . . . . . . . . . . . . . . . . . . — 626,226 790,729 798,480 01242 CPD’s Transformation Initiative
Technical Assistance . . . . . . . . . . . — 85,214 242,146 207,854 03280 Port Security . . . . . . . . . . . . . . . . . . . 1,022,009 3,389,759 4,222,000 2,683,569 03300 FEMA Sandy A Debris Removal . . . — — 164,535 265,304 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — — 664,002 03302 FEMA Sandy C Roads and Bridges . . 539,050 2,810,454 2,336,267 2,413,423 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . 22,936 809,651 1,797,923 4,160,281
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
248
(Continued)
841 DEPARTMENT OF TRANSPORTATION (cont.) 03306 FEMA Sandy G Parks, Recreational
Facilities, and Other Items . . . . . . . $ — $ — $ — $ 236,339 05930 Queensborough Bridge Project . . . . . 9,200,042 7,072,483 6,096,846 3,991,071 05931 Williamsburg Bridge Project . . . . . . . 2,115,149 1,503,598 720,423 1,697,859 05935 Purchase of Transit Buses . . . . . . . . . 3,534,113 7,497,495 2,195,214 8,108,441 05959 Manhattan Bridge
Enforcement Agent . . . . . . . . . . . . 1,478,792 1,356,579 1,533,726 946,817 05981 State and Community
Highway Safety . . . . . . . . . . . . . . . — 512,500 329,228 — 05991 Intermodal Surface Transportation . . 40,833,394 48,672,224 35,908,394 37,996,483 06002 Traffic Injury Prevention . . . . . . . . . . — 549,791 500,000 500,000 06013 Federal Transit Formula Grants . . . . . 2,055,697 15,639,009 5,942,777 8,691,464 06014 Highway Planning and Construction . . 7,502,942 29,379,157 22,748,090 22,854,851 06016 Federal Transit—Capital Investment . . — 986,917 2,299,564 2,893,156 06017 Highway Research & Development . . 893,462 893,462 6,447 45,819 06906 Federal Highway Emergency Grants . . 386,328 2,112,010 963,758 2,775,228 06909 Job Access Reverse Commute . . . . . . — 802,292 976,186 702,729 06910 New Freedom Program . . . . . . . . . . . — 1,846,263 1,011,009 1,158,641 06911 National Infrastructure Investments . . — 576,438 — 114,403 06912 Alternatives Analysis . . . . . . . . . . . . . — — 75,563 103,608 06915 Public Transportation Emergency
Relief Program . . . . . . . . . . . . . . . . — 646,269 342,676 1,680,693 09404 Capitalization Grants for Clean
Water State Revolving Funds . . . . . — 46,601 — — 16053 Urban Mass Transportation
Administration Transit Studies . . . 4,095,990 3,415,398 2,754,105 3,866,101 21912 Consolidated Local Street and
Highway Improvement . . . . . . . . . 54,774,966 62,940,513 54,848,239 52,507,713 21949 Transportation Improvement . . . . . . . 318,623 4,604,527 3,534,272 2,215,449 21950 Arterial Highway Reimbursement . . . 6,748,960 6,748,960 6,749,149 6,748,960 21951 Arterial Maintenance . . . . . . . . . . . . . 8,474,892 8,574,892 7,515,567 6,796,756 21954 Multi-Modal Program . . . . . . . . . . . . — 510,000 326,355 — 21958 Highway Safety . . . . . . . . . . . . . . . . . — — 34,611 1,135,371 29801 NYS Energy Conservation . . . . . . . . — 576,639 — — 29911 Mass Transit Operating Assistance . . 5,529,000 11,226,220 5,529,000 5,529,000 29912 Dedicated Tax . . . . . . . . . . . . . . . . . . 71,220,835 71,220,835 71,220,835 68,995,735 29919 State Aid Bus Subsidy . . . . . . . . . . . . 14,241,000 14,241,000 14,241,000 14,241,000 30264 NYS Local Waterfront Revitalization . . — 353,425 — — 30400 Stop Driving While Intoxicated . . . . . 3,681,513 2,101,525 1,595,942 2,700,000 43900 Private Grants . . . . . . . . . . . . . . . . . . — — — 292,314 43929 Guide-a-Ride Program . . . . . . . . . . . 1,843,119 1,843,119 1,476,409 123,600 44057 Smart Funds . . . . . . . . . . . . . . . . . . . . 33,500 — — — 44061 Non-Governmental Grants . . . . . . . . — 550,000 550,000 1,500,000 45001 Pollution Remediation—Bond Sales . . — 7,557,362 7,557,362 25,297,078 ______________ ______________ ______________ ______________ Total Department of Transportation . . 595,955,524 691,743,019 637,906,533 655,100,566 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (8,132,602) (25,309,123) ______________ ______________ ______________ ______________ Net Total Department of
Transportation . . . . . . . . . . . . . . . . 595,955,524 691,743,019 629,773,931 629,791,443 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
249
(Continued)
846 DEPARTMENT OF PARKS AND RECREATION 00250 Permits—General . . . . . . . . . . . . . . . $ 5,627,000 $ 4,600,000 $ 4,680,539 $ 4,582,436 00325 Privileges—Other . . . . . . . . . . . . . . . 43,810,000 46,028,000 47,228,833 45,754,138 00450 Culture, Recreation Services
and Fees . . . . . . . . . . . . . . . . . . . . . 8,822,000 5,400,000 5,438,566 5,292,792 00470 Other Services and Fees . . . . . . . . . . 817,000 817,000 706,249 750,294 00476 Administrative Services to the Public . . 4,625,000 4,625,000 3,678,750 5,394,229 00753 Rentals—Dock, Ship, & Wharfage . . 2,471,000 2,255,000 2,345,100 2,361,766 00755 Rentals—Yankee Stadium . . . . . . . . . 1,400,000 900,000 891,887 788,600 00756 Rentals—Shea Stadium . . . . . . . . . . . 750,000 750,000 878,154 993,180 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 590,000 1,590,000 1,903,898 5,569,908 01235 Community Development
Block Grant . . . . . . . . . . . . . . . . . . — 510,666 510,666 — 03002 Child and Adult Care Food Program . . — 25,734 25,733 34,760 03005 Cooperative Forestry Assistance . . . . — 131,450 131,450 83,627 03051 Coastal Zone Management
Administration Awards . . . . . . . . . — 26,621 26,620 — 03136 National Resource Stewardship . . . . . — — — 25,000 03137 Hurricane Sandy Program . . . . . . . . . — 29,589 29,589 — 03300 FEMA Sandy A Debris Removal . . . — 49,457 44,511 2,775,160 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 15,179 13,661 1,326,129 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — 341,617 307,455 204,404 03306 FEMA Sandy G Parks, Recreational
Facilities, and Other Items . . . . . . . — 810,373 729,335 4,915,050 09390 Urban Wetland Evaluation . . . . . . . . . — 60,764 60,763 81,912 09395 National Center for Preservation
Technology and Training . . . . . . . . — — — 13,628 09400 Congressionally Mandated Projects . . — 22,017 22,016 — 09402 Long Island Sound Program . . . . . . . — 20,298 20,297 — 09403 Urban Waters Small Grants . . . . . . . . — 3,202 3,201 — 21954 Multi-Modal Program . . . . . . . . . . . . — — — 168,267 23911 Environmental Conservation . . . . . . . — 135,638 135,636 58,962 29982 NYS Dormitory Authority Grant . . . . — — — 40,884 30264 NYS Local Waterfront Revitalization . . — 1,167,660 1,167,650 821,027 30269 Gerritsen Creek Maritime
Ecosystem Restore . . . . . . . . . . . . . — 120,809 120,808 99,643 30270 Dreier Offerman Park Salt Marsh . . . — 32,446 32,446 16,967 30475 Bronx River Bond Act Project . . . . . . — — — 39,327 30477 Parks Recreation and Conservation . . — 202,850 202,853 2,005 30901 Natural Heritage Trust #1 . . . . . . . . . — 655,267 655,267 — 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 25,515 25,515 — 43900 Private Grants . . . . . . . . . . . . . . . . . . 1,345,720 7,331,704 7,331,734 6,145,242 43925 Tree Restitution . . . . . . . . . . . . . . . . . — 31,900 31,900 — 43958 Battery Park City—Park
Enforcement Patrol . . . . . . . . . . . . — 2,518,664 2,518,664 2,546,225 43994 Morningside Park TA 8800 . . . . . . . . — — — 60,556
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
250
(Continued)
846 DEPARTMENT OF PARKS AND RECREATION (cont.) 44022 Hudson River Park—Park
Enforcement Patrol . . . . . . . . . . . . $ — $ 1,535,935 $ 1,535,935 $ 1,907,458 44044 Turn 2 Foundation . . . . . . . . . . . . . . . — 146,849 146,850 270,195 44046 Sutton Park . . . . . . . . . . . . . . . . . . . . — — — 24,647 44060 Parks Recreation and Conservation . . — 2,923,182 2,923,167 2,723,560 44061 Non-Governmental Grants . . . . . . . . — 758,794 758,792 580,091 45001 Pollution Remediation—Bond Sales . . — 47,151,506 47,151,506 59,856 ______________ ______________ ______________ ______________ Total Department of Parks
and Recreation . . . . . . . . . . . . . . . . 70,257,720 133,750,686 134,415,996 96,511,925 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (1,220,414) 698 ______________ ______________ ______________ ______________ Net Total Department of Parks
and Recreation . . . . . . . . . . . . . . . . 70,257,720 133,750,686 133,195,582 96,512,623 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 850 DEPARTMENT OF DESIGN AND CONSTRUCTION 00476 Administrative Services to the Public . . 150,000 150,000 62,380 151,603 03300 FEMA Sandy A Debris Removal . . . — — 1,644,296 542,875 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — — — 135,719 03302 FEMA Sandy C Roads and Bridges . . — 93,908 336,556 — 06906 Federal Highway Emergency Grants . . — 235,576 235,000 403,879 45001 Pollution Remediation—Bond Sales . . — 86,943,358 12,795,295 12,129,609 ______________ ______________ ______________ ______________ Total Department of Design
and Construction . . . . . . . . . . . . . . 150,000 87,422,842 15,073,527 13,363,685 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (146,062) ______________ ______________ ______________ ______________ Net Total Department of Design
and Construction . . . . . . . . . . . . . . 150,000 87,422,842 15,073,527 13,217,623 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 856 DEPARTMENT OF CITYWIDE ADMINISTRATIVE
SERVICES 00110 Payment in Lieu of Taxes . . . . . . . . . — — 2,412,500 2,337,500 00470 Other Services and Fees . . . . . . . . . . 1,840,000 1,840,000 1,914,503 1,996,390 00476 Administrative Services to the Public 7,560,000 14,200,000 14,678,411 8,923,319 00760 Rentals—Other . . . . . . . . . . . . . . . . . 41,897,000 55,098,000 55,468,484 64,956,960 00817 Mortgage Payments on Land Sales . . 800,000 800,000 912,124 1,549,911 00820 Sales of City Real Property . . . . . . . . — — 445,840 256,273,521 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 7,621,000 11,250,000 11,614,162 10,881,078 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 528,000 896,000 81,601,027 1,764,742 03230 Energy Efficiency Conservation Block — 1,764,523 2,369,519 1,087,884 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 480,424 — 5,835,277 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — 460,622 1,769,471 — 13900 College Work Study . . . . . . . . . . . . . . 2,000,000 2,111,263 705,248 969,230 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — — — 74,296 31601 Court Operation and Maintenance . . 37,414,361 41,397,445 40,598,374 41,942,280 31602 Court Interest Reimbursement . . . . . . 10,051,000 10,051,000 8,333,360 13,650,280 31603 State Appellate Courts . . . . . . . . . . . . 9,687,547 9,787,921 10,430,103 8,549,273
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
251
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856 DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES (cont.)
31604 Tenant Work . . . . . . . . . . . . . . . . . . . . $ — $ 779,198 $ 779,195 $ 1,024,957 31919 College Work Study Private Fund . . . — 168,982 161,992 91,362 43900 Private Grants . . . . . . . . . . . . . . . . . . 89,100,551 85,513,539 4,686,501 92,835,556 44061 Non-Governmental Grants . . . . . . . . 1,248,847 2,724,129 2,562,131 2,197,973 45001 Pollution Remediation—Bond Sales . . — 8,916,957 8,916,957 15,367,391 ______________ ______________ ______________ ______________ Total Department of Citywide
Administrative Services . . . . . . . . . 209,748,306 248,240,003 250,359,902 532,309,180 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (3,506,746) (16,061,702) ______________ ______________ ______________ ______________ Net Total Department of Citywide
Administrative Services . . . . . . . . . 209,748,306 248,240,003 246,853,156 516,247,478 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 858 DEPARTMENT OF INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS 00250 Permits—General . . . . . . . . . . . . . . . 1,294,000 1,450,000 1,634,925 1,335,999 00320 Franchises—Other . . . . . . . . . . . . . . . 155,573,000 165,820,000 167,246,725 162,581,869 00760 Rentals—Other . . . . . . . . . . . . . . . . . 300,000 400,000 393,600 345,600 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 3,830,000 4,672,000 4,856,169 3,962,898 03062 Broadband Technology
Opportunities (ARRA) . . . . . . . . . . — 159,603 26,691 1,139,677 03284 Interoperable Communication
Equipment . . . . . . . . . . . . . . . . . . . — 218,818 218,818 3,511,161 03301 FEMA Sandy B Emergency
Protective Measures . . . . . . . . . . . . — 43,330 — 102,750 04244 Urban Areas Security Initiative . . . . . — 660,255 660,255 2,441,538 04249 Domestic Preparedness
Equipment Support . . . . . . . . . . . . — — — 352,168 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 28,750 28,750 26,535 43900 Private Grants . . . . . . . . . . . . . . . . . . 3,098,367 4,198,709 4,658,918 3,406,175 43934 Special Assistance Program . . . . . . . — — — 369,499 44061 Non-Governmental Grants . . . . . . . . 33,384 1,380,776 1,492,931 750,231 ______________ ______________ ______________ ______________ Total Department of Information
Technology and Telecommunications . . . . . . . . . . . 164,128,751 179,032,241 181,217,782 180,326,100
Net Change in Estimate of Prior Receivables . . . . . . . . . . . . . . — — 564,209 (771,603) ______________ ______________ ______________ ______________
Net Total Department of Information Technology and Telecommunications . . . . . . . . . . . 164,128,751 179,032,241 181,781,991 179,554,497 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
860 DEPARTMENT OF RECORDS AND INFORMATION SERVICES 00470 Other Services and Fees . . . . . . . . . . 480,000 900,000 918,808 646,379 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . 324,000 250,000 249,508 295,554 03805 Promotion of The Humanities
PRSV & ACCESS . . . . . . . . . . . . . — — — 115,649 29299 Preservation Library Research . . . . . — 37,750 37,750 —
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
252
(Continued)
860 DEPARTMENT OF RECORDS AND INFORMATION SERVICES (cont.) 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . $ 15,313 $ 295,180 $ 274,853 $ 274,872 43942 Municipal Archives Reference and
Total Department of Records . . . . . 8,305 242,141 169,521 80,207 ______________ ______________ ______________ ______________ Total Department of Records and
Information Services . . . . . . . . . . . 827,618 1,725,071 1,650,440 1,412,661 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — — (96,631) ______________ ______________ ______________ ______________ Net Total Department of Records and
Information Services . . . . . . . . . . . 827,618 1,725,071 1,650,440 1,316,030 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 866 DEPARTMENT OF CONSUMER AFFAIRS 00200 Licenses—General . . . . . . . . . . . . . . 8,239,000 8,239,000 8,922,779 9,053,557 00320 Franchises—Other . . . . . . . . . . . . . . . 9,116,000 11,400,000 11,719,697 11,499,058 00325 Privileges—Other . . . . . . . . . . . . . . . 50,000 50,000 36,072 45,696 00470 Other Services and Fees . . . . . . . . . . 1,166,000 1,166,000 1,301,168 1,494,853 00600 Fines—General . . . . . . . . . . . . . . . . . 10,535,000 10,950,000 10,655,161 15,862,924 00822 Minor Sales . . . . . . . . . . . . . . . . . . . . 215,000 400,000 516,864 305,544 00859 Sundries . . . . . . . . . . . . . . . . . . . . . . . — — (294,723) 244,544 23981 Youth Tobacco Enforcement
and Prevention . . . . . . . . . . . . . . . . 1,917,590 2,016,587 2,484,917 2,383,921 30008 Gasoline Inspections . . . . . . . . . . . . . 109,080 109,810 108,346 109,080 30906 Local Government Records
Management . . . . . . . . . . . . . . . . . — 75,000 75,000 75,000 43900 Private Grants . . . . . . . . . . . . . . . . . . — — — 9,047 44061 Non-Governmental Grants . . . . . . . . — — — 50,000 ______________ ______________ ______________ ______________ Total Department of
Consumer Affairs . . . . . . . . . . . . . . 31,347,670 34,406,397 35,525,281 41,133,224 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (471,294) (403,264) ______________ ______________ ______________ ______________ Net Total Department of
Consumer Affairs . . . . . . . . . . . . . . 31,347,670 34,406,397 35,053,987 40,729,960 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 901 DISTRICT ATTORNEY—NEW YORK COUNTY 00650 Forfeitures—General . . . . . . . . . . . . . 200,000 500,000 657,318 — 03304 FEMA Sandy E Buildings
and Equipment . . . . . . . . . . . . . . . . — 86,609 86,609 55,890 04175 Violence Against Women
Formula Grants . . . . . . . . . . . . . . . — 79,564 79,564 91,443 04261 Justice Assistance Grant Funds . . . . . — 804,528 787,884 653,714 04272 Recovery Act Justice Assistance State . . — 31,145 31,145 152,411 04276 Northern Border . . . . . . . . . . . . . . . . — — — 122,742 04278 Economic High-Tech & Cyber
Crime Prevention . . . . . . . . . . . . . . — — — 20,221 04281 Crime Victim Assistance . . . . . . . . . . 57,880 212,441 212,441 181,573 04285 Edward Byrne Memorial
Competitive Grant Program . . . . . . — 170,988 170,987 99,384
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
253
(Continued)
901 DISTRICT ATTORNEY—NEW YORK COUNTY (cont.) 04286 Harold Rogers Prescription Drug
Monitoring Program . . . . . . . . . . . $ — $ 219,692 $ 219,692 $ 189,531 19929 Forfeiture Law Enforcement . . . . . . . — 845,714 845,681 — 19930 Crimes Against Revenues . . . . . . . . . — 5,445,222 5,445,220 5,142,622 19991 Crime Victims Compensation Board . . — 53,111 53,110 45,393 29304 Inventory Planning Project . . . . . . . . — — — 6,700 29856 Aid to Prosecution . . . . . . . . . . . . . . . 3,332,511 2,731,599 2,731,599 2,715,934 29868 Drug Treatment Alternative to Prison . . — 74,794 74,793 110,967 29871 Construction Industry Strike . . . . . . . — — — 24,335 29873 Motor Vehicle Theft Insurance Fraud . . — 141,332 141,332 152,297 29918 Partial Reimbursement—District
Attorney’s Salary . . . . . . . . . . . . . . 10,000 7,974 7,974 7,974 29970 State Aid . . . . . . . . . . . . . . . . . . . . . . — 364,545 364,544 394,533 30400 Stop Driving While Intoxicated . . . . . — 259,772 259,771 253,333 31914 Asset Forfeiture—Private . . . . . . . . . — — — 3,764,861 33904 Family Violence Intervention Project . . — 36,000 36,000 44,000 43900 Private Grants . . . . . . . . . . . . . . . . . . — 216,301 216,299 169,754 44041 A.P. Sloan Foundation—Urban
Emergency Management . . . . . . . . — 11,076 11,075 16,402 ______________ ______________ ______________ ______________ Total District Attorney—
New York County . . . . . . . . . . . . . . 3,600,391 12,292,407 12,433,038 14,416,014 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 902 DISTRICT ATTORNEY—BRONX COUNTY 00650 Forfeitures—General . . . . . . . . . . . . . 150,000 70,000 138,188 124,339 04175 Violence Against Women Formula
Grants . . . . . . . . . . . . . . . . . . . . . . — 84,612 84,612 90,082 04213 Bulletproof Vest Program . . . . . . . . . — 2,072 2,072 — 04248 National Institute of Justice Research
Evaluation Development Project . . — — — 14,874 04261 Justice Assistance Grant Funds . . . . . — 616,321 616,321 714,101 04275 Edward Byrne Memorial
Competitive . . . . . . . . . . . . . . . . . . — 96,717 96,716 80,472 04276 Northern Border . . . . . . . . . . . . . . . . — 57,354 57,354 28,484 05981 State and Community
Highway Safety . . . . . . . . . . . . . . . — 106,388 106,386 104,280 13020 Bronx Mental Health Court
Diversion Services . . . . . . . . . . . . . — 178,139 178,139 191,702 19929 Forfeiture Law Enforcement . . . . . . . — 32,847 32,847 56,487 19930 Crimes Against Revenues . . . . . . . . . — 740,705 740,705 709,056 19949 State Felony Program (EDDCP) . . . . — 45,136 45,136 55,000 19991 Crime Victims Compensation Board . . 209,735 254,290 253,786 210,185 26090 Preventive Services . . . . . . . . . . . . . . — 4,204 4,204 87,940 29856 Aid to Prosecution . . . . . . . . . . . . . . . 2,026,300 2,026,300 2,026,300 2,026,300 29873 Motor Vehicle Theft Insurance Fraud . . — 287,990 287,988 283,000 29886 Drug Treatment . . . . . . . . . . . . . . . . . — 96,763 96,763 128,900 29927 Partial Reimbursement—District
Attorney’s Salary . . . . . . . . . . . . . . 7,974 7,974 7,974 7,974 30400 Stop Driving While Intoxicated . . . . . — 277,905 277,901 240,510
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
254
(Continued)
902 DISTRICT ATTORNEY—BRONX COUNTY (cont.) 31914 Asset Forfeiture—Private . . . . . . . . . $ — $ 1,000,000 $ 1,000,000 $ 500,000 33903 Violence Prevention . . . . . . . . . . . . . . — 18,667 18,667 — ______________ ______________ ______________ ______________ Total District Attorney—
Bronx County . . . . . . . . . . . . . . . . . 2,394,009 6,004,384 6,072,059 5,653,686 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 903 DISTRICT ATTORNEY—KINGS COUNTY 00400 Public Safety Services and Fees . . . . 26,000 26,000 — — 00650 Forfeitures—General . . . . . . . . . . . . . 60,000 60,000 172,500 184,000 04141 Prosecution Task Force . . . . . . . . . . . — 294,100 294,100 294,100 04175 Violence Against Women
Formula Grants . . . . . . . . . . . . . . . — 48,522 48,522 39,127 04214 Barrier Free Justice . . . . . . . . . . . . . . — 68,207 68,208 87,062 04230 Arrest Policies and Enforcement
Protection . . . . . . . . . . . . . . . . . . . . — 44,621 44,621 73,776 04243 Preventing Domestic Violence
Among the Drug Dependent and Mentally Handicapped . . . . . . . . . . — 84,557 84,557 58,366
04248 National Institute of Justice Research Evaluation Development Project . . — — — 5,633
04260 Crime Victim Assistance / Discretionary Grant . . . . . . . . . . . . — 4,752 4,751 —
04261 Justice Assistance Grant Funds . . . . . — 197,624 197,624 171,093 04265 Services for Trafficking Victims . . . . — 259,507 199,021 50,821 04279 Second Chance Act Prisoners Reentry . — — — 26,018 04288 Byrne Criminal Justice Innovation
Program . . . . . . . . . . . . . . . . . . . . . — 27,208 27,208 — 19930 Crimes Against Revenues . . . . . . . . . — 627,156 627,046 813,804 19991 Crime Victims Compensation Board . . 52,922 351,682 348,004 325,676 26082 Domestic Violence State Grant . . . . . — — — 15,709 26090 Preventive Services . . . . . . . . . . . . . . — — — 42,964 29359 Education Aid Grants . . . . . . . . . . . . — 6,019 4,867 — 29856 Aid to Prosecution . . . . . . . . . . . . . . . 3,048,426 2,467,000 2,467,000 1,812,028 29869 State Local Initiative . . . . . . . . . . . . . — 200,000 200,000 200,000 29873 Motor Vehicle Theft Insurance Fraud . . — 216,914 218,543 221,631 29886 Drug Treatment . . . . . . . . . . . . . . . . . — 94,627 94,627 158,993 29914 Partial Reimbursement—District
Attorney’s Salary . . . . . . . . . . . . . . 10,000 7,974 7,974 7,974 30400 Stop Driving While Intoxicated . . . . . — 330,470 336,964 323,409 31914 Asset Forfeiture—Private . . . . . . . . . — — — 250,000 43900 Private Grants . . . . . . . . . . . . . . . . . . — 63,931 63,931 — 44055 Girls Re-Entry Assistance Support
Program—GRASP . . . . . . . . . . . . . — 9,710 9,710 — 56001 Interest Income—Other . . . . . . . . . . . — — 6,992 1,538 ______________ ______________ ______________ ______________ Total District Attorney—
Kings County . . . . . . . . . . . . . . . . . 3,197,348 5,490,581 5,526,770 5,163,722 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 904 DISTRICT ATTORNEY—QUEENS COUNTY 00650 Forfeitures—General . . . . . . . . . . . . . 200,000 200,000 645,293 148,500 03275 State Homeland Security . . . . . . . . . . — — — 29,661
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
255
(Continued)
904 DISTRICT ATTORNEY—QUEENS COUNTY (cont.) 04101 Byrne Formula Drug Law
Enforcement . . . . . . . . . . . . . . . . . . $ — $ 269,400 $ 269,400 $ 269,400 04175 Violence Against Women Formula
Grants . . . . . . . . . . . . . . . . . . . . . . — 99,785 99,785 102,731 04256 National Institute of Justice
Research (NIJR) . . . . . . . . . . . . . . . — — — 49,617 04261 Justice Assistance Grant Funds . . . . . — 266,923 266,923 269,855 04276 Northern Border . . . . . . . . . . . . . . . . — — — 96,627 19930 Crimes Against Revenues . . . . . . . . . — 1,599,003 1,599,003 1,543,058 19991 Crime Victims Compensation Board . . — 292,742 292,742 253,332 23929 Criminal Justice Coord. Grant . . . . . . — 242,079 242,079 226,702 29856 Aid to Prosecution . . . . . . . . . . . . . . . 1,307,297 1,357,520 1,357,520 1,275,800 29868 Drug Treatment Alternative to Prison . . — 71,824 71,824 115,165 29869 State Local Initiative . . . . . . . . . . . . . — 187,500 187,500 62,500 29873 Motor Vehicle Theft Insurance Fraud . . — 598,059 598,059 547,315 29928 Partial Reimbursement—District
Attorney’s Salary . . . . . . . . . . . . . . 7,974 7,974 7,974 7,974 30400 Stop Driving While Intoxicated . . . . . — 300,000 300,000 300,000 31914 Asset Forfeiture—Private . . . . . . . . . — — — 480,951 43900 Private Grants . . . . . . . . . . . . . . . . . . — 38,333 38,333 20,000 ______________ ______________ ______________ ______________ Total District Attorney—
Queens County . . . . . . . . . . . . . . . . 1,515,271 5,531,142 5,976,435 5,799,188 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (12,814) (23,400) ______________ ______________ ______________ ______________ Net Total District Attorney—
Queens County . . . . . . . . . . . . . . . . 1,515,271 5,531,142 5,963,621 5,775,788 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 905 DISTRICT ATTORNEY—RICHMOND COUNTY 00650 Forfeitures—General . . . . . . . . . . . . . 2,000 2,000 — — 04140 Byrne Formula Drug Treatment
Alternative . . . . . . . . . . . . . . . . . . . — — — 55,600 04175 Violence Against Women Formula
Grants . . . . . . . . . . . . . . . . . . . . . . — 28,929 66,644 57,612 04248 National Institute of Justice Research
Evaluation Development Project . . — — — 11,523 04261 Justice Assistance Grant Funds . . . . . — 105,554 105,922 106,092 04276 Northern Border . . . . . . . . . . . . . . . . — — — 5,916 19930 Crimes Against Revenues . . . . . . . . . — 120,648 120,648 119,935 19991 Crime Victims Compensation Board . . — 49,127 49,230 131,524 26082 Domestic Violence State Grant . . . . . — 150,000 149,848 — 29856 Aid to Prosecution . . . . . . . . . . . . . . . 130,700 130,700 133,203 130,700 29873 Motor Vehicle Theft Insurance Fraud . . — 76,402 74,339 76,842 29886 Drug Treatment . . . . . . . . . . . . . . . . . — 55,600 55,600 — 29916 Partial Reimbursement—District
Attorney’s Salary . . . . . . . . . . . . . . 7,974 7,974 7,974 5,980 30400 Stop Driving While Intoxicated . . . . . — 163,200 163,200 161,655 ______________ ______________ ______________ ______________ Total District Attorney—
Richmond County . . . . . . . . . . . . . 140,674 890,134 926,608 863,379 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
256
(Continued)
906 OFFICE OF PROSECUTION—SPECIAL NARCOTICS 04261 Justice Assistance Grant Funds . . . . . $ — $ 203,117 $ 203,117 $ 283,559 04276 Northern Border . . . . . . . . . . . . . . . . — — — 141,900 19930 Crimes Against Revenues . . . . . . . . . — 68,536 68,536 150,192 29857 Special Narcotics Prosecution . . . . . . 1,127,000 825,000 825,000 825,000 29868 Drug Treatment Alternative to Prison — 107,100 107,100 107,100 ______________ ______________ ______________ ______________ Total Office of Prosecution—
Special Narcotics . . . . . . . . . . . . . . 1,127,000 1,203,753 1,203,753 1,507,751 Net Change in Estimate of
Prior Receivables . . . . . . . . . . . . . . — — (11,568) — ______________ ______________ ______________ ______________ Net Total Office of Prosecution—
Special Narcotics . . . . . . . . . . . . . . 1,127,000 1,203,753 1,192,185 1,507,751 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 941 PUBLIC ADMINISTRATOR—NEW YORK COUNTY 00470 Other Services and Fees . . . . . . . . . . 1,580,000 1,580,000 1,447,317 958,043 00476 Administrative Services
to the Public . . . . . . . . . . . . . . . . . . 60,000 60,000 30,475 35,545 ______________ ______________ ______________ ______________ Total Public Administrator—
New York County . . . . . . . . . . . . . . 1,640,000 1,640,000 1,477,792 993,588 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 942 PUBLIC ADMINISTRATOR—BRONX COUNTY 00470 Other Services and Fees . . . . . . . . . . 610,000 610,000 234,327 576,195 ______________ ______________ ______________ ______________ Total Public Administrator—
Bronx County . . . . . . . . . . . . . . . . . 610,000 610,000 234,327 576,195 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 943 PUBLIC ADMINISTRATOR—KINGS COUNTY 00470 Other Services and Fees . . . . . . . . . . 635,000 800,000 872,164 991,556 ______________ ______________ ______________ ______________ Total Public Administrator—
Kings County . . . . . . . . . . . . . . . . . 635,000 800,000 872,164 991,556 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 944 PUBLIC ADMINISTRATOR—QUEENS COUNTY 00470 Other Services and Fees . . . . . . . . . . 1,032,000 1,500,000 1,992,217 1,776,546 ______________ ______________ ______________ ______________ Total Public Administrator—
Queens County . . . . . . . . . . . . . . . . 1,032,000 1,500,000 1,992,217 1,776,546 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ 945 PUBLIC ADMINISTRATOR—RICHMOND COUNTY 00470 Other Services and Fees . . . . . . . . . . 65,000 506,000 546,998 193,498 ______________ ______________ ______________ ______________ Total Public Administrator—
Richmond County . . . . . . . . . . . . . 65,000 506,000 546,998 193,498 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________ Total Revenues vs. Budget by Department . . $74,494,187,086 $79,593,205,379 $78,035,312,052 $72,880,529,616 ______________ ______________ ______________ ______________ ______________ ______________ ______________ ______________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G3 (Cont.)
Revenues vs. Budget by Agency
Budget Actual Revenue Revenue Source _________________________________________________________________________ _________________________________________________________________________ Within Agency Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
257
GENERAL GOVERNMENT: 002 Mayoralty . . . . . . . . . . . . . . . . . . . . . . . $ 82,361,869 $ 92,153,748 $ 88,997,851 $ 3,155,897 003 Board of Elections . . . . . . . . . . . . . . . . . 110,869,172 112,901,335 106,685,717 6,215,618 004 Campaign Finance Board . . . . . . . . . . . 12,293,277 12,498,028 10,647,483 1,850,545 008 Office of the Actuary . . . . . . . . . . . . . . . 6,258,635 7,205,593 6,246,308 959,285 010 Borough President—Manhattan . . . . . . 4,458,874 4,630,049 4,400,263 229,786 011 Borough President—Bronx . . . . . . . . . . 5,222,943 5,502,879 5,283,411 219,468 012 Borough President—Brooklyn . . . . . . . 5,481,233 6,110,741 5,850,533 260,208 013 Borough President—Queens . . . . . . . . . 4,669,002 4,888,006 4,754,845 133,161 014 Borough President—Staten Island . . . . 4,233,366 4,359,130 3,776,871 582,259 015 Office of the Comptroller . . . . . . . . . . . 77,519,797 79,693,527 75,633,619 4,059,908 021 Office of Administrative Tax Appeals . . 4,272,758 4,466,003 4,261,058 204,945 025 Law Department . . . . . . . . . . . . . . . . . . 165,216,612 168,650,805 165,618,872 3,031,933 030 Department of City Planning . . . . . . . . . 28,363,441 28,178,105 24,620,629 3,557,476 032 Department of Investigation . . . . . . . . . 22,916,130 33,729,475 31,464,871 2,264,604 101 Public Advocate . . . . . . . . . . . . . . . . . . . 3,152,528 3,262,843 2,746,664 516,179 102 City Council . . . . . . . . . . . . . . . . . . . . . 57,087,008 59,155,770 56,876,400 2,279,370 103 City Clerk . . . . . . . . . . . . . . . . . . . . . . . 5,624,543 5,746,051 5,586,788 159,263 127 Financial Information Services Agency . . 100,443,697 96,071,954 82,570,688 13,501,266 131 Office of Payroll Administration . . . . . . 27,668,531 18,344,041 14,678,475 3,665,566 132 Independent Budget Office . . . . . . . . . . 4,389,626 5,726,876 3,944,225 1,782,651 133 Equal Employment Practices
Commission . . . . . . . . . . . . . . . . . . . . 998,536 1,097,096 700,725 396,371 134 Civil Service Commission . . . . . . . . . . . 1,039,895 1,070,526 734,559 335,967 136 Landmarks Preservation Commission . . 5,268,457 5,115,596 4,781,545 334,051 226 Commission on Human Rights . . . . . . . 6,494,694 7,386,244 5,721,842 1,664,402 260 Department of Youth and Community
Development . . . . . . . . . . . . . . . . . . . 417,173,561 439,450,669 419,393,769 20,056,900 312 Conflicts of Interest Board . . . . . . . . . . 2,117,472 2,218,676 2,192,702 25,974 313 Office of Collective Bargaining . . . . . . . 2,317,661 2,134,936 1,753,834 381,102 341 Manhattan Community Board # 1 . . . . . 211,395 448,241 267,160 181,081 342 Manhattan Community Board # 2 . . . . . 296,385 338,570 282,111 56,459 343 Manhattan Community Board # 3 . . . . . 354,534 370,302 358,329 11,973 344 Manhattan Community Board # 4 . . . . . 293,923 303,923 277,894 26,029 345 Manhattan Community Board # 5 . . . . . 268,243 278,243 263,616 14,627 346 Manhattan Community Board # 6 . . . . . 319,758 420,001 319,532 100,469 347 Manhattan Community Board # 7 . . . . . 295,987 310,230 307,414 2,816 348 Manhattan Community Board # 8 . . . . . 374,872 384,872 335,621 49,251 349 Manhattan Community Board # 9 . . . . . 249,161 263,596 249,454 14,142 350 Manhattan Community Board # 10 . . . . 298,182 309,682 293,273 16,409 351 Manhattan Community Board # 11 . . . . 283,905 293,718 250,749 42,969 352 Manhattan Community Board # 12 . . . . 309,207 319,207 203,603 115,604 381 Bronx Community Board # 1 . . . . . . . . 264,012 274,012 276,074 (2,062) 382 Bronx Community Board # 2 . . . . . . . . 251,123 261,123 252,169 8,954 383 Bronx Community Board # 3 . . . . . . . . 261,740 275,393 265,093 10,300 384 Bronx Community Board # 4 . . . . . . . . 224,397 234,397 211,172 23,225 385 Bronx Community Board # 5 . . . . . . . . 206,895 259,761 246,882 12,879 386 Bronx Community Board # 6 . . . . . . . . 206,895 216,895 207,159 9,736 387 Bronx Community Board # 7 . . . . . . . . 261,284 270,959 255,673 15,286 388 Bronx Community Board # 8 . . . . . . . . 261,083 271,421 242,727 28,694
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G4
Expenditures and Transfers vs. Budget by Agency Actual Better (Worse) Budget Expenditures Than Modified __________________________________________________________________________ Adopted Modified and Transfers Budget _________________________________ _________________________________ _________________________________ _________________________________
258
(Continued)
GENERAL GOVERNMENT: (cont.) 389 Bronx Community Board # 9 . . . . . . . . $ 262,276 $ 272,276 $ 259,047 $ 13,229 390 Bronx Community Board # 10 . . . . . . . 281,692 291,231 279,016 12,215 391 Bronx Community Board # 11 . . . . . . . 261,319 270,600 263,368 7,232 392 Bronx Community Board # 12 . . . . . . . 206,895 216,895 209,022 7,873 431 Queens Community Board # 1 . . . . . . . 239,866 280,060 202,264 77,796 432 Queens Community Board # 2 . . . . . . . 285,524 295,524 283,912 11,612 433 Queens Community Board # 3 . . . . . . . 303,397 315,126 267,065 48,061 434 Queens Community Board # 4 . . . . . . . 253,484 263,554 246,909 16,645 435 Queens Community Board # 5 . . . . . . . 250,223 257,195 252,405 4,790 436 Queens Community Board # 6 . . . . . . . 263,260 270,673 264,362 6,311 437 Queens Community Board # 7 . . . . . . . 289,243 300,127 288,175 11,952 438 Queens Community Board # 8 . . . . . . . 285,717 295,114 275,125 19,989 439 Queens Community Board # 9 . . . . . . . 206,895 216,895 180,009 36,886 440 Queens Community Board # 10 . . . . . . 250,940 260,981 240,178 20,803 441 Queens Community Board # 11 . . . . . . 266,571 276,878 277,100 (222) 442 Queens Community Board # 12 . . . . . . 258,191 268,541 252,475 16,066 443 Queens Community Board # 13 . . . . . . 241,771 251,397 227,791 23,606 444 Queens Community Board # 14 . . . . . . 235,596 245,410 234,663 10,747 471 Brooklyn Community Board # 1 . . . . . . 272,308 282,073 279,468 2,605 472 Brooklyn Community Board # 2 . . . . . . 255,211 265,521 249,384 16,137 473 Brooklyn Community Board # 3 . . . . . . 248,245 258,366 251,704 6,662 474 Brooklyn Community Board # 4 . . . . . . 259,527 269,487 210,354 59,133 475 Brooklyn Community Board # 5 . . . . . . 206,895 216,895 205,137 11,758 476 Brooklyn Community Board # 6 . . . . . . 225,093 246,093 232,804 13,289 477 Brooklyn Community Board # 7 . . . . . . 206,895 216,895 216,590 305 478 Brooklyn Community Board # 8 . . . . . . 270,107 280,630 256,700 23,930 479 Brooklyn Community Board # 9 . . . . . . 250,638 260,521 230,852 29,669 480 Brooklyn Community Board # 10 . . . . . 301,633 311,132 306,116 5,016 481 Brooklyn Community Board # 11 . . . . . 250,902 261,804 254,073 7,731 482 Brooklyn Community Board # 12 . . . . . 281,053 290,971 290,298 673 483 Brooklyn Community Board # 13 . . . . . 263,628 273,770 247,873 25,897 484 Brooklyn Community Board # 14 . . . . . 279,108 288,987 278,552 10,435 485 Brooklyn Community Board # 15 . . . . . 206,895 216,895 149,626 67,269 486 Brooklyn Community Board # 16 . . . . . 245,081 291,208 192,978 98,230 487 Brooklyn Community Board # 17 . . . . . 302,070 312,885 306,715 6,170 488 Brooklyn Community Board # 18 . . . . . 206,897 216,897 213,195 3,702 491 Staten Island Community Board # 1 . . . 265,871 275,871 255,153 20,718 492 Staten Island Community Board # 2 . . . 251,897 261,897 223,581 38,316 493 Staten Island Community Board # 3 . . . 297,162 334,603 308,266 26,337 801 Department of Small Business Services . . 146,152,210 272,257,408 231,810,735 40,446,673 820 Office of Administrative Trials
and Hearings . . . . . . . . . . . . . . . . . . . 35,535,106 37,662,517 34,361,642 3,300,875 829 Business Integrity Commission . . . . . . . 7,009,455 8,428,533 8,065,396 363,137 836 Department of Finance . . . . . . . . . . . . . 244,930,259 258,064,644 235,022,866 23,041,778 850 Department of Design and Construction 6,822,512 123,018,612 48,366,513 74,652,099 856 Department of Citywide Administrative
Services . . . . . . . . . . . . . . . . . . . . . . . 377,342,850 406,776,886 390,745,319 16,031,567
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G4 (Cont.)
Expenditures and Transfers vs. Budget by Agency Actual Better (Worse) Budget Expenditures Than Modified __________________________________________________________________________ Adopted Modified and Transfers Budget _________________________________ _________________________________ _________________________________ _________________________________
259
(Continued)
GENERAL GOVERNMENT: (cont.) 858 Department of Information Technology
and Telecommunications . . . . . . . . . . $ 363,783,622 $ 375,268,165 $ 321,260,295 $ 54,007,870 860 Department of Records and Information
Services . . . . . . . . . . . . . . . . . . . . . . . 5,050,482 6,019,834 6,022,617 (2,783) 866 Department of Consumer Affairs . . . . . 33,626,378 38,224,052 34,191,459 4,032,593 Miscellaneous—Technology
Development Corporation . . . . . . . . . 8,000,000 3,740,000 3,739,914 86 __________________________ __________________________ __________________________ ________________________ Total General Government . . . . . . . . . . 2,411,649,149 2,757,795,777 2,468,539,313 289,256,464 __________________________ __________________________ __________________________ ________________________
PUBLIC SAFETY AND JUDICIAL: 017 Department of Emergency
Management . . . . . . . . . . . . . . . . . . . 9,884,333 39,907,784 34,343,412 5,564,372 054 Civilian Complaint Review Board . . . . 12,758,025 13,626,493 12,683,001 943,492 056 Police Department . . . . . . . . . . . . . . . . . 4,579,999,524 4,906,670,012 4,896,334,549 10,335,463 057 Fire Department . . . . . . . . . . . . . . . . . . . 1,776,146,283 1,908,535,686 1,886,892,616 21,643,070 072 Department of Correction . . . . . . . . . . . 1,094,675,174 1,169,822,377 1,153,693,310 16,129,067 073 Board of Correction . . . . . . . . . . . . . . . . 1,617,860 1,634,751 1,521,969 112,782 156 NYC Taxi and Limousine Commission . . 74,994,894 55,959,166 52,401,123 3,558,043 781 Department of Probation . . . . . . . . . . . . 84,015,037 83,936,656 78,472,962 5,463,694 901 District Attorney—New York County . . 91,277,475 107,083,627 106,404,050 679,577 902 District Attorney—Bronx County . . . . . 53,649,218 60,078,683 60,025,540 53,143 903 District Attorney—Kings County . . . . . 87,983,414 94,234,833 93,221,326 1,013,507 904 District Attorney—Queens County . . . . 51,093,668 58,035,318 56,769,395 1,265,923 905 District Attorney—Richmond County . . 9,285,751 10,393,683 10,301,777 91,906 906 Office of Prosecution—
Special Narcotics . . . . . . . . . . . . . . . . 18,345,915 19,206,124 19,205,161 963 941 Public Administrator—
New York County . . . . . . . . . . . . . . . . 1,571,102 1,585,352 1,503,555 81,797 942 Public Administrator—Bronx County . . 623,445 643,615 602,821 40,794 943 Public Administrator—Kings County . . 687,594 703,482 640,596 62,886 944 Public Administrator—Queens County . . 537,928 559,753 483,986 75,767 945 Public Administrator—
Richmond County . . . . . . . . . . . . . . . 447,775 470,792 477,019 (6,227) Miscellaneous—Court Costs . . . . . . . . . 100,000 — — — Miscellaneous—Contributions
Legal Aid . . . . . . . . . . . . . . . . . . . . . . 252,470,345 262,608,779 261,410,069 1,198,710 Miscellaneous—Criminal Justice
Programs . . . . . . . . . . . . . . . . . . . . . . . 67,537,493 67,152,591 66,139,576 1,013,015 Miscellaneous—Other . . . . . . . . . . . . . . 41,762,000 33,311,696 33,311,696 — __________________________ __________________________ __________________________ ________________________ Total Public Safety and Judicial . . . . . . 8,311,464,253 8,896,161,253 8,826,839,509 69,321,744 __________________________ __________________________ __________________________ ________________________
EDUCATION: 040 Department of Education . . . . . . . . . . . 20,740,326,424 20,957,360,010 20,457,511,110 499,848,900 __________________________ __________________________ __________________________ ________________________
260
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G4 (Cont.)
Expenditures and Transfers vs. Budget by Agency Actual Better (Worse) Budget Expenditures Than Modified __________________________________________________________________________ Adopted Modified and Transfers Budget _________________________________ _________________________________ _________________________________ _________________________________
CITY UNIVERSITY: 042 City University of New York Senior Colleges . . . . . . . . . . . . . . . . . . . $ 35,000,000 $ 35,000,000 $ — $ 35,000,000 Community Colleges . . . . . . . . . . . . . . . 877,445,981 894,543,280 886,838,975 7,704,305 Hunter Campus Schools . . . . . . . . . . . . 16,059,388 16,366,804 17,211,386 (844,582) __________________________ __________________________ __________________________ ________________________ Total City University . . . . . . . . . . . . . . . 928,505,369 945,910,084 904,050,361 41,859,723 __________________________ __________________________ __________________________ ________________________
SOCIAL SERVICES: 068 Administration for Children’s Services . . 2,817,374,580 2,785,502,771 2,665,482,881 120,019,890 069 Department of Social Services . . . . . . . 9,736,540,108 9,761,442,744 9,745,753,028 15,689,716 071 Department of Homeless Services . . . . 953,982,121 1,174,043,139 1,156,543,668 17,499,471 125 Department for the Aging . . . . . . . . . . . 280,481,167 290,572,233 275,743,523 14,828,710 __________________________ __________________________ __________________________ ________________________ Total Social Services . . . . . . . . . . . . . . . 13,788,377,976 14,011,560,887 13,843,523,100 168,037,787 __________________________ __________________________ __________________________ ________________________
ENVIRONMENTAL PROTECTION: 826 Department of Environmental
Protection . . . . . . . . . . . . . . . . . . . . . . 1,104,287,339 1,267,661,857 1,072,757,112 194,904,745 827 Department of Sanitation . . . . . . . . . . . 1,480,351,396 1,496,418,575 1,467,577,415 28,841,160 __________________________ __________________________ __________________________ ________________________ Total Environmental Protection . . . . . . . 2,584,638,735 2,764,080,432 2,540,334,527 223,745,905 __________________________ __________________________ __________________________ ________________________
TRANSPORTATION SERVICES: 841 Department of Transportation . . . . . . . . 655,954,672 754,060,550 691,913,854 62,146,696 Miscellaneous—Payments to the
Transit Authority . . . . . . . . . . . . . . . . 848,865,825 963,164,236 963,007,083 157,153 Miscellaneous—Payments to Private
Bus Companies . . . . . . . . . . . . . . . . . 70,066,357 56,249 52,371 3,878 __________________________ __________________________ __________________________ ________________________ Total Transportation Services . . . . . . . . 1,574,886,854 1,717,281,035 1,654,973,308 62,307,727 __________________________ __________________________ __________________________ ________________________
PARKS, RECREATION, AND CULTURAL ACTIVITIES: 126 Department of Cultural Affairs . . . . . . . 157,434,609 160,227,509 157,475,732 2,751,777 846 Department of Parks and Recreation . . . 328,984,329 416,715,424 397,935,278 18,780,146 __________________________ __________________________ __________________________ ________________________ Total Parks, Recreation, and
Cultural Activities . . . . . . . . . . . . . . . 486,418,938 576,942,933 555,411,010 21,531,923 __________________________ __________________________ __________________________ ________________________
HOUSING: 806 Housing Preservation and Development 536,683,483 746,099,399 699,008,903 47,090,496 810 Department of Buildings . . . . . . . . . . . . 108,295,156 108,663,124 107,764,650 898,474 Miscellaneous—Payments to the
Housing Authority . . . . . . . . . . . . . . . 19,159,449 79,083,132 79,083,131 1 __________________________ __________________________ __________________________ ________________________ Total Housing . . . . . . . . . . . . . . . . . . . . 664,138,088 933,845,655 885,856,684 47,988,971 __________________________ __________________________ __________________________ ________________________
HEALTH: 816 Department of Health and
Mental Hygiene . . . . . . . . . . . . . . . . . 1,397,371,972 1,486,532,494 1,470,119,050 16,413,444 819 Health and Hospitals Corporation . . . . . 81,149,180 237,247,750 238,258,632 (1,010,882) __________________________ __________________________ __________________________ ________________________ Total Health . . . . . . . . . . . . . . . . . . . . . . 1,478,521,152 1,723,780,244 1,708,377,682 15,402,562 __________________________ __________________________ __________________________ ________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G4 (Cont.)
Expenditures and Transfers vs. Budget by Agency Actual Better (Worse) Budget Expenditures Than Modified __________________________________________________________________________ Adopted Modified and Transfers Budget _________________________________ _________________________________ _________________________________ _________________________________
261
(Continued)
LIBRARIES: 035 New York Research Libraries . . . . . . . . $ 23,355,713 $ 24,268,325 $ 24,265,693 $ 2,632 037 New York Public Library . . . . . . . . . . . . 115,885,307 119,734,632 119,377,883 356,749 038 Brooklyn Public Library . . . . . . . . . . . . 85,977,323 89,451,229 89,514,178 (62,949) 039 Queens Borough Public Library . . . . . . 86,232,862 90,109,059 89,234,711 874,348 __________________________ __________________________ __________________________ ________________________ Total Libraries . . . . . . . . . . . . . . . . . . . . 311,451,205 323,563,245 322,392,465 1,170,780 __________________________ __________________________ __________________________ ________________________
PENSIONS: 095 Pension Contributions . . . . . . . . . . . . . . 8,468,530,316 8,494,772,162 8,489,856,735 4,915,427 __________________________ __________________________ __________________________ ________________________ Judgments and Claims . . . . . . . . . . . . . . . . . . . . . . 673,989,219 679,604,747 679,604,746 1 __________________________ __________________________ __________________________ ________________________ Fringe Benefits and Other Benefit Payments . . . . 4,968,013,431 5,856,670,723 5,862,663,671 (5,992,948) __________________________ __________________________ __________________________ ________________________ Lease Payments . . . . . . . . . . . . . . . . . . . . . . . . . . 163,868,681 148,855,843 148,847,277 8,566 __________________________ __________________________ __________________________ ________________________
OTHER: 098 Miscellaneous . . . . . . . . . . . . . . . . . . . . 1,985,040,171 972,666,013 848,095,517 124,570,496 __________________________ __________________________ __________________________ ________________________ Total Expenditures . . . . . . . . . . . . . . . . . 69,539,819,961 71,760,851,043 70,196,877,015 1,563,974,028 __________________________ __________________________ __________________________ ________________________
TRANSFERS: General Debt Service Fund: 099 Debt Service . . . . . . . . . . . . . . . . . . . . . 3,458,253,645 5,059,940,937 5,060,958,133 (1,017,196) 099 Interest On Short-term Borrowings . . . . 74,623,611 — — — Nonmajor Debt Service Funds: 099 Debt Service—Hudson Yards
Infrastructure Corporation . . . . . . . . . 153,125,000 76,609,607 76,609,606 1 Miscellaneous—Transitional Finance Authority: Building Aid Revenue Bonds . . . . . . . . 570,563,130 2,139,560,254 638,094,872 1,501,465,382 Future Tax Secured . . . . . . . . . . . . . . . . 697,801,739 556,243,538 2,057,669,615 (1,501,426,077) __________________________ __________________________ __________________________ ________________________ Total Transfers . . . . . . . . . . . . . . . . . . . . 4,954,367,125 7,832,354,336 7,833,332,226 (977,890) __________________________ __________________________ __________________________ ________________________ Total Expenditures and Transfers vs.
Budget by Agency . . . . . . . . . . . . . . . $74,494,187,086 $79,593,205,379 $78,030,209,241 $1,562,996,138 __________________________ __________________________ __________________________ ________________________ __________________________ __________________________ __________________________ ________________________
262
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G4 (Cont.)
Expenditures and Transfers vs. Budget by Agency Actual Better (Worse) Budget Expenditures Than Modified __________________________________________________________________________ Adopted Modified and Transfers Budget _________________________________ _________________________________ _________________________________ _________________________________
002 MAYORALTY Personal Services— 020 Office of the Mayor . . . . . . . . . . . . . . . . $ 28,844,332 $ 29,467,503 $ 29,108,352 $ 359,151 040 Office of Management and Budget . . . . 27,547,011 29,633,898 29,102,751 531,147 050 Criminal Justice Programs . . . . . . . . . . 2,282,120 3,792,238 3,558,120 234,118 061 Office of Labor Relations . . . . . . . . . . . 7,623,293 8,737,208 8,715,694 21,514 070 New York City Commission to the
United Nations . . . . . . . . . . . . . . . . . . 914,208 1,074,606 999,578 75,028 260 Office for People with Disabilities . . . . 617,817 639,390 601,682 37,708 340 Community Affairs Unit . . . . . . . . . . . . 1,296,025 1,362,763 1,269,047 93,716 350 Commission on Women’s Issues . . . . . . 90,000 90,000 — 90,000 380 Office of Operations . . . . . . . . . . . . . . . 7,680,726 5,673,390 5,256,590 416,800 560 Special Enforcement . . . . . . . . . . . . . . . 74,012 77,716 66,691 11,025 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 76,969,544 80,548,712 78,678,505 1,870,207 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 021 Office of the Mayor . . . . . . . . . . . . . . . . 3,735,648 4,904,420 4,633,669 270,751 041 Office of Management and Budget . . . . 7,570,000 8,306,193 7,276,922 1,029,271 051 Criminal Justice Programs . . . . . . . . . . 3,326,015 7,106,951 6,830,162 276,789 062 Office of Labor Relations . . . . . . . . . . . 3,954,762 4,288,359 3,836,285 452,074 071 New York City Commission to the
United Nations . . . . . . . . . . . . . . . . . . 214,671 214,671 204,104 10,567 261 Office for People with Disabilities . . . . 142,487 157,975 132,736 25,239 341 Community Affairs Unit . . . . . . . . . . . . 30,000 30,000 4,533 25,467 351 Commission on Women’s Issues . . . . . . 5,000 5,000 — 5,000 381 Office of Operations . . . . . . . . . . . . . . . 85,000 135,000 115,298 19,702 561 Special Enforcement . . . . . . . . . . . . . . . 18,002 18,002 9,374 8,628 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 19,081,585 25,166,571 23,043,083 2,123,488 __________________________ __________________________ __________________________ __________________________ 96,051,129 105,715,283 101,721,588 3,993,695 Interfund Agreements . . . . . . . . . . . . . . (12,168,339) (11,481,799) (11,261,876) (219,923) Intracity Sales . . . . . . . . . . . . . . . . . . . . (1,520,921) (2,079,736) (1,312,100) (767,636) __________________________ __________________________ __________________________ __________________________ Total Mayoralty . . . . . . . . . . . . . . . . . . . 82,361,869 92,153,748 89,147,612 3,006,136 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (149,761) 149,761 __________________________ __________________________ __________________________ __________________________ Net Total Mayoralty . . . . . . . . . . . . . . . 82,361,869 92,153,748 88,997,851 3,155,897 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 003 BOARD OF ELECTIONS 001 Personal Services . . . . . . . . . . . . . . . . . . 55,917,347 54,818,700 51,391,433 3,427,267 002 Other Than Personal Services . . . . . . . . 54,951,825 58,082,635 55,363,697 2,718,938 __________________________ __________________________ __________________________ __________________________ Total Board of Elections . . . . . . . . . . . . 110,869,172 112,901,335 106,755,130 6,146,205 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (69,413) 69,413 __________________________ __________________________ __________________________ __________________________ Net Total Board of Elections . . . . . . . . . 110,869,172 112,901,335 106,685,717 6,215,618 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 004 CAMPAIGN FINANCE BOARD 001 Personal Services . . . . . . . . . . . . . . . . . . 7,632,777 7,837,528 7,124,776 712,752 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 3,660,500 3,660,500 2,522,707 1,137,793
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
263
(Continued)
004 CAMPAIGN FINANCE BOARD (cont.) Other Than Personal Services—(cont.) 003 Election Funding . . . . . . . . . . . . . . . . . . $ 1,000,000 $ 1,000,000 $ 1,000,000 $ — __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 4,660,500 4,660,500 3,522,707 1,137,793 __________________________ __________________________ __________________________ __________________________ Total Campaign Finance Board . . . . . . . 12,293,277 12,498,028 10,647,483 1,850,545 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 008 OFFICE OF THE ACTUARY 100 Personal Services . . . . . . . . . . . . . . . . . . 3,938,850 3,930,997 3,490,934 440,063 200 Other Than Personal Services . . . . . . . . 2,319,785 3,274,596 2,755,607 518,989 __________________________ __________________________ __________________________ __________________________ Total Office of the Actuary . . . . . . . . . . 6,258,635 7,205,593 6,246,541 959,052 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (233) 233 __________________________ __________________________ __________________________ __________________________ Net Total Office of the Actuary . . . . . . . 6,258,635 7,205,593 6,246,308 959,285 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 010 BOROUGH PRESIDENT—MANHATTAN 001 Personal Services . . . . . . . . . . . . . . . . . . 3,812,311 3,885,116 3,775,599 109,517 002 Other Than Personal Services . . . . . . . . 646,563 744,933 649,623 95,310 __________________________ __________________________ __________________________ __________________________ Total Borough President—Manhattan . . 4,458,874 4,630,049 4,425,222 204,827 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (24,959) 24,959 __________________________ __________________________ __________________________ __________________________ Net Total Borough President—
Manhattan . . . . . . . . . . . . . . . . . . . . . 4,458,874 4,630,049 4,400,263 229,786 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 011 BOROUGH PRESIDENT—BRONX 001 Personal Services . . . . . . . . . . . . . . . . . . 4,357,893 4,615,866 4,489,751 126,115 002 Other Than Personal Services . . . . . . . . 865,050 887,013 796,817 90,196 __________________________ __________________________ __________________________ __________________________ Total Borough President—Bronx . . . . . 5,222,943 5,502,879 5,286,568 216,311 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (3,157) 3,157 __________________________ __________________________ __________________________ __________________________ Net Total Borough President—Bronx . . 5,222,943 5,502,879 5,283,411 219,468 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 012 BOROUGH PRESIDENT—BROOKLYN 001 Personal Services . . . . . . . . . . . . . . . . . . 4,631,032 4,867,084 4,659,831 207,253 002 Other Than Personal Services . . . . . . . . 850,201 1,243,657 1,196,036 47,621 __________________________ __________________________ __________________________ __________________________ Total Borough President—Brooklyn . . . 5,481,233 6,110,741 5,855,867 254,874 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (5,334) 5,334 __________________________ __________________________ __________________________ __________________________ Net Total Borough President—Brooklyn . 5,481,233 6,110,741 5,850,533 260,208 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 013 BOROUGH PRESIDENT—QUEENS 001 Personal Services . . . . . . . . . . . . . . . . . . 2,711,288 3,861,593 3,810,720 50,873 002 Other Than Personal Services . . . . . . . . 1,957,714 1,026,413 944,125 82,288 __________________________ __________________________ __________________________ __________________________ Total Borough President—Queens . . . . 4,669,002 4,888,006 4,754,845 133,161 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 014 BOROUGH PRESIDENT—STATEN ISLAND 001 Personal Services . . . . . . . . . . . . . . . . . . 3,426,199 3,453,470 2,887,256 566,214 002 Other Than Personal Services . . . . . . . . 807,167 905,660 889,615 16,045 __________________________ __________________________ __________________________ __________________________ Total Borough President—Staten Island . . 4,233,366 4,359,130 3,776,871 582,259 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
264
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
015 OFFICE OF THE COMPTROLLER Personal Services— 001 Executive Management . . . . . . . . . . . . . $ 3,603,800 $ 3,749,059 $ 3,447,100 $ 301,959 002 First Deputy Comptroller . . . . . . . . . . . 32,529,385 34,081,964 33,401,312 680,652 003 Second Deputy Comptroller . . . . . . . . . 12,344,163 12,949,817 12,810,812 139,005 004 Third Deputy Comptroller . . . . . . . . . . . 11,152,609 11,569,844 9,642,993 1,926,851 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 59,629,957 62,350,684 59,302,217 3,048,467 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 005 First Deputy Comptroller . . . . . . . . . . . 9,163,094 9,146,018 8,685,313 460,705 006 Executive Management . . . . . . . . . . . . . 130,916 130,916 118,252 12,664 007 Second Deputy Comptroller . . . . . . . . . 3,807,492 3,807,492 3,106,571 700,921 008 Third Deputy Comptroller . . . . . . . . . . . 15,553,025 15,553,025 15,265,079 287,946 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 28,654,527 28,637,451 27,175,215 1,462,236 __________________________ __________________________ __________________________ __________________________ 88,284,484 90,988,135 86,477,432 4,510,703 Interfund Agreements . . . . . . . . . . . . . . (10,551,833) (11,081,754) (10,605,718) (476,036) Intracity Sales . . . . . . . . . . . . . . . . . . . . (212,854) (212,854) (212,854) — __________________________ __________________________ __________________________ __________________________ Total Office of the Comptroller . . . . . . . 77,519,797 79,693,527 75,658,860 4,034,667 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (25,241) 25,241 __________________________ __________________________ __________________________ __________________________ Net Total Office of the Comptroller . . . 77,519,797 79,693,527 75,633,619 4,059,908 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 017 DEPARTMENT OF EMERGENCY MANAGEMENT 001 Personal Services . . . . . . . . . . . . . . . . . . 3,674,945 13,741,058 11,601,381 2,139,677 002 Other Than Personal Services . . . . . . . . 6,209,388 26,829,938 23,436,956 3,392,982 __________________________ __________________________ __________________________ __________________________ 9,884,333 40,570,996 35,038,337 5,532,659 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (663,212) (663,212) — __________________________ __________________________ __________________________ __________________________ Total Department of Emergency
Management . . . . . . . . . . . . . . . . . . . 9,884,333 39,907,784 34,375,125 5,532,659 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (31,713) 31,713 __________________________ __________________________ __________________________ __________________________ Net Total Department of Emergency
Management . . . . . . . . . . . . . . . . . . . 9,884,333 39,907,784 34,343,412 5,564,372 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 021 OFFICE OF ADMINISTRATIVE TAX APPEALS 001 Personal Services . . . . . . . . . . . . . . . . . . 3,954,067 4,199,312 4,035,473 163,839 002 Other Than Personal Services . . . . . . . . 318,691 266,691 225,585 41,106 __________________________ __________________________ __________________________ __________________________ Total Office of Administrative
Tax Appeals . . . . . . . . . . . . . . . . . . . . 4,272,758 4,466,003 4,261,058 204,945 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 025 LAW DEPARTMENT 001 Personal Services . . . . . . . . . . . . . . . . . . 109,627,293 112,405,143 111,055,572 1,349,571 002 Other Than Personal Services . . . . . . . . 62,148,843 65,642,490 64,534,070 1,108,420 __________________________ __________________________ __________________________ __________________________ 171,776,136 178,047,633 175,589,642 2,457,991 Interfund Agreements . . . . . . . . . . . . . . (3,334,825) (3,528,444) (3,538,324) 9,880 Intracity Sales . . . . . . . . . . . . . . . . . . . . (3,224,699) (5,868,384) (5,550,617) (317,767) __________________________ __________________________ __________________________ __________________________ Total Law Department . . . . . . . . . . . . . . 165,216,612 168,650,805 166,500,701 2,150,104 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (881,829) 881,829 __________________________ __________________________ __________________________ __________________________ Net Total Law Department . . . . . . . . . . 165,216,612 168,650,805 165,618,872 3,031,933 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
265
(Continued)
030 DEPARTMENT OF CITY PLANNING Personal Services— 001 Personal Services . . . . . . . . . . . . . . . . . . $ 18,152,804 $ 20,700,676 $ 19,223,316 $ 1,477,360 003 Geographic Systems . . . . . . . . . . . . . . . 2,106,023 2,280,621 1,956,106 324,515 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 20,258,827 22,981,297 21,179,422 1,801,875 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 7,806,926 4,995,952 3,255,797 1,740,155 004 Geographic Systems . . . . . . . . . . . . . . . 297,688 297,688 282,241 15,447 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 8,104,614 5,293,640 3,538,038 1,755,602 __________________________ __________________________ __________________________ __________________________ 28,363,441 28,274,937 24,717,460 3,557,477 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (96,832) (96,831) (1) __________________________ __________________________ __________________________ __________________________ Total Department of City Planning . . . . 28,363,441 28,178,105 24,620,629 3,557,476 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 032 DEPARTMENT OF INVESTIGATION Personal Services— 001 Personal Services . . . . . . . . . . . . . . . . . . 17,008,208 18,332,645 16,872,699 1,459,946 003 Inspector General . . . . . . . . . . . . . . . . . 4,142,885 2,964,858 2,438,441 526,417 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 21,151,093 21,297,503 19,311,140 1,986,363 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 5,703,425 15,002,445 14,496,442 506,003 004 Inspector General . . . . . . . . . . . . . . . . . 771,750 1,291,750 1,175,879 115,871 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 6,475,175 16,294,195 15,672,321 621,874 __________________________ __________________________ __________________________ __________________________ 27,626,268 37,591,698 34,983,461 2,608,237 Intracity Sales . . . . . . . . . . . . . . . . . . . . (4,710,138) (3,862,223) (3,518,479) (343,744) __________________________ __________________________ __________________________ __________________________ Total Department of Investigation . . . . . 22,916,130 33,729,475 31,464,982 2,264,493 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (111) 111 __________________________ __________________________ __________________________ __________________________ Net Total Department of Investigation . . 22,916,130 33,729,475 31,464,871 2,264,604 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 035 NEW YORK RESEARCH LIBRARIES 001 Other Than Personal Services . . . . . . . . 23,355,713 24,268,325 24,265,693 2,632 __________________________ __________________________ __________________________ __________________________ Total New York Research Libraries . . . . 23,355,713 24,268,325 24,265,693 2,632 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 037 NEW YORK PUBLIC LIBRARY Other Than Personal Services— 003 Lump Sum—Borough of Manhattan . . . 26,257,135 26,145,265 26,145,265 — 004 Lump Sum—Borough of Bronx . . . . . . 24,542,373 24,490,819 24,490,819 — 005 Lump Sum—Borough of Staten Island . . 10,242,809 10,220,762 10,220,762 — 006 Systemwide Services . . . . . . . . . . . . . . . 53,480,862 58,373,288 57,960,423 412,865 007 Consultant and Advisory Services . . . . . 1,362,128 1,362,128 1,362,128 — __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 115,885,307 120,592,262 120,179,397 412,865 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (857,630) (801,514) (56,116) __________________________ __________________________ __________________________ __________________________ Total New York Public Library . . . . . . . 115,885,307 119,734,632 119,377,883 356,749 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 038 BROOKLYN PUBLIC LIBRARY 001 Other Than Personal Services . . . . . . . . 85,977,323 91,563,444 91,560,194 3,250 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (2,112,215) (2,046,016) (66,199) __________________________ __________________________ __________________________ __________________________ Total Brooklyn Public Library . . . . . . . 85,977,323 89,451,229 89,514,178 (62,949) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
266
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
039 QUEENS BOROUGH PUBLIC LIBRARY 001 Other Than Personal Services . . . . . . . . $ 86,232,862 $ 91,201,345 $ 90,326,997 $ 874,348 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (1,092,286) (1,092,286) — __________________________ __________________________ __________________________ __________________________ Total Queens Borough Public Library . . 86,232,862 90,109,059 89,234,711 874,348 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 040 DEPARTMENT OF EDUCATION Personal Services— 401 General Education Instructional
and School Leadership . . . . . . . . . . . . 5,546,675,841 5,713,487,721 5,713,487,721 — 403 Special Education Instructional
and School Leadership . . . . . . . . . . . . 1,281,496,733 1,387,735,005 1,387,735,005 — 415 School Support Organization . . . . . . . . 236,994,679 231,346,188 231,346,187 1 421 Citywide Special Education
Instructional and School Leadership . . 864,782,215 875,993,815 875,993,814 1 423 Special Education Instructional Support . . 244,149,436 252,463,497 252,463,496 1 435 School Facilities . . . . . . . . . . . . . . . . . . 392,055,400 433,993,385 433,937,385 56,000 439 School Food Services . . . . . . . . . . . . . . 196,962,545 214,745,629 214,702,793 42,836 453 Central Administration . . . . . . . . . . . . . 148,184,370 163,947,287 163,947,287 — 461 Fringe Benefits . . . . . . . . . . . . . . . . . . . 2,893,588,844 2,876,566,447 2,876,580,148 (13,701) 481 Categorical Programs . . . . . . . . . . . . . . 1,235,144,239 1,242,412,765 1,242,412,764 1 491 Collective Bargaining . . . . . . . . . . . . . . 250,855,171 — — — __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 13,290,889,473 13,392,691,739 13,392,606,600 85,139 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 402 General Education Instructional
and School Leadership . . . . . . . . . . . . 687,479,150 661,302,313 660,052,109 1,250,204 404 Special Education Instructional
and School Leadership . . . . . . . . . . . . 3,825,007 4,016,257 4,181,291 (165,034) 406 Charter Schools . . . . . . . . . . . . . . . . . . . 1,297,014,015 1,309,014,866 1,308,880,192 134,674 416 School Support Organization . . . . . . . . 37,897,882 39,739,462 39,739,462 — 422 Citywide Special Education
Instructional and School Leadership . . 16,415,090 21,665,327 20,439,043 1,226,284 424 Special Education Instructional Support . . 222,742,139 230,721,271 230,721,270 1 436 School Facilities . . . . . . . . . . . . . . . . . . 241,857,020 436,189,139 436,291,848 (102,709) 438 Pupil Transportation . . . . . . . . . . . . . . . 1,110,206,095 1,143,837,838 1,143,837,837 1 440 School Food Services . . . . . . . . . . . . . . 239,453,603 231,628,380 231,615,306 13,074 442 School Safety . . . . . . . . . . . . . . . . . . . . . 313,416,443 330,580,522 330,580,522 — 444 Energy and Leases . . . . . . . . . . . . . . . . . 506,002,476 468,219,757 468,100,138 119,619 454 Central Administration . . . . . . . . . . . . . 160,477,938 171,357,153 171,357,152 1 470 Special Education Pre-K Contract
Payments . . . . . . . . . . . . . . . . . . . . . . 947,670,670 845,306,104 844,399,423 906,681 472 Charter and Contract Schools and
Foster Care Placements . . . . . . . . . . . 628,878,896 641,613,685 641,613,308 377 474 Non-Public Schools and Fashion
Institute of Technology Payments . . . 64,745,284 65,085,998 65,085,997 1 482 Categorical Programs . . . . . . . . . . . . . . 980,352,772 1,010,615,500 1,009,863,897 751,603 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 7,458,434,480 7,610,893,572 7,606,758,795 4,134,777 __________________________ __________________________ __________________________ __________________________ 20,749,323,953 21,003,585,311 20,999,365,395 4,219,916 Intracity Sales . . . . . . . . . . . . . . . . . . . . (8,997,529) (46,225,301) (45,305,867) (919,434) __________________________ __________________________ __________________________ __________________________ Total Department of Education . . . . . . . 20,740,326,424 20,957,360,010 20,954,059,528 3,300,482
267
(Continued)
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
040 DEPARTMENT OF EDUCATION (cont.) Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . $ — $ — $ (496,548,418) $ 496,548,418 __________________________ __________________________ __________________________ __________________________ Net Total Department of Education . . . . 20,740,326,424 20,957,360,010 20,457,511,110 499,848,900 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 042 CITY UNIVERSITY OF NEW YORK Personal Services— 002 Community Colleges . . . . . . . . . . . . . . . 670,783,557 647,577,121 657,439,011 (9,861,890) 004 Hunter Schools . . . . . . . . . . . . . . . . . . . 14,807,238 14,807,238 15,866,417 (1,059,179) __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 685,590,795 662,384,359 673,305,428 (10,921,069) __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 001 Community Colleges . . . . . . . . . . . . . . . 222,288,105 299,742,320 280,474,895 19,267,425 003 Hunter Schools . . . . . . . . . . . . . . . . . . . 1,252,150 1,559,566 1,344,969 214,597 012 Senior Colleges . . . . . . . . . . . . . . . . . . . 35,000,000 35,000,000 — 35,000,000 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 258,540,255 336,301,886 281,819,864 54,482,022 __________________________ __________________________ __________________________ __________________________ 944,131,050 998,686,245 955,125,292 43,560,953 Intracity Sales . . . . . . . . . . . . . . . . . . . . (15,625,681) (52,776,161) (50,740,663) (2,035,498) __________________________ __________________________ __________________________ __________________________ Total City University of New York . . . . 928,505,369 945,910,084 904,384,629 41,525,455 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (334,268) 334,268 __________________________ __________________________ __________________________ __________________________ Net Total City University of New York . 928,505,369 945,910,084 904,050,361 41,859,723 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 054 CIVILIAN COMPLAINT REVIEW BOARD 001 Personal Services . . . . . . . . . . . . . . . . . . 9,858,625 10,530,838 9,897,911 632,927 002 Other Than Personal Services . . . . . . . . 2,899,400 3,095,655 2,785,668 309,987 __________________________ __________________________ __________________________ __________________________ Total Civilian Complaint Review Board . . 12,758,025 13,626,493 12,683,579 942,914 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (578) 578 __________________________ __________________________ __________________________ __________________________ Net Total Civilian Complaint
Review Board . . . . . . . . . . . . . . . . . . . 12,758,025 13,626,493 12,683,001 943,492 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 056 POLICE DEPARTMENT Personal Services— 001 Operations . . . . . . . . . . . . . . . . . . . . . . . 2,929,858,803 3,122,211,710 3,121,985,133 226,577 002 Executive Management . . . . . . . . . . . . . 399,359,987 395,454,531 395,439,939 14,592 003 School Safety . . . . . . . . . . . . . . . . . . . . . 243,208,079 273,532,719 273,532,719 — 004 Administration-Personnel . . . . . . . . . . . 226,176,566 237,278,629 237,273,824 4,805 006 Criminal Justice . . . . . . . . . . . . . . . . . . . 86,979,337 93,157,997 93,157,996 1 007 Traffic Enforcement . . . . . . . . . . . . . . . 121,975,998 131,941,208 131,931,208 10,000 008 Transit Police . . . . . . . . . . . . . . . . . . . . . 216,792,331 217,456,414 217,456,411 3 009 Housing Police . . . . . . . . . . . . . . . . . . . 167,241,826 179,526,978 179,526,977 1 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 4,391,592,927 4,650,560,186 4,650,304,207 255,979 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 100 Operations . . . . . . . . . . . . . . . . . . . . . . . 101,997,978 133,460,394 130,079,071 3,381,323 200 Executive Management . . . . . . . . . . . . . 59,162,091 101,721,359 101,360,005 361,354 300 School Safety . . . . . . . . . . . . . . . . . . . . . 4,903,848 4,903,848 4,735,543 168,305 400 Administration . . . . . . . . . . . . . . . . . . . . 241,226,121 256,809,641 255,939,039 870,602 600 Criminal Justice . . . . . . . . . . . . . . . . . . . 353,817 331,721 289,920 41,801
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
268
(Continued)
056 POLICE DEPARTMENT (cont.) Other Than Personal Services—(cont.) 700 Traffic Enforcement . . . . . . . . . . . . . . . $ 10,587,631 $ 9,915,024 $ 8,851,540 $ 1,063,484 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 418,231,486 507,141,987 501,255,118 5,886,869 __________________________ __________________________ __________________________ __________________________ 4,809,824,413 5,157,702,173 5,151,559,325 6,142,848 Intracity Sales . . . . . . . . . . . . . . . . . . . . (229,824,889) (251,032,161) (251,026,386) (5,775) __________________________ __________________________ __________________________ __________________________ Total Police Department . . . . . . . . . . . . 4,579,999,524 4,906,670,012 4,900,532,939 6,137,073 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (4,198,390) 4,198,390 __________________________ __________________________ __________________________ __________________________ Net Total Police Department . . . . . . . . . 4,579,999,524 4,906,670,012 4,896,334,549 10,335,463 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 057 FIRE DEPARTMENT Personal Services— 001 Executive Administrative . . . . . . . . . . . . 88,526,998 98,157,755 91,260,969 6,896,786 002 Fire Extinguishment and Emergency
Response . . . . . . . . . . . . . . . . . . . . . . 1,257,436,793 1,303,609,396 1,298,872,680 4,736,716 003 Fire Investigation . . . . . . . . . . . . . . . . . . 14,262,691 19,168,702 18,726,610 442,092 004 Fire Prevention . . . . . . . . . . . . . . . . . . . 31,801,163 35,707,890 35,615,260 92,630 009 Emergency Medical Services . . . . . . . . 216,387,368 234,056,332 231,519,587 2,536,745 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 1,608,415,013 1,690,700,075 1,675,995,106 14,704,969 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 005 Executive Administration . . . . . . . . . . . 112,880,895 166,480,499 163,936,075 2,544,424 006 Fire Extinguishment and Emergency
Response . . . . . . . . . . . . . . . . . . . . . . 28,831,869 26,706,081 26,586,558 119,523 007 Fire Investigation . . . . . . . . . . . . . . . . . . 150,060 150,060 127,201 22,859 008 Fire Prevention . . . . . . . . . . . . . . . . . . . 696,275 821,006 536,633 284,373 010 Emergency Medical Services . . . . . . . . 27,858,965 27,260,698 26,469,641 791,057 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 170,418,064 221,418,344 217,656,108 3,762,236 __________________________ __________________________ __________________________ __________________________ 1,778,833,077 1,912,118,419 1,893,651,214 18,467,205 Interfund Agreements . . . . . . . . . . . . . . (399,792) (433,739) (442,855) 9,116 Intracity Sales . . . . . . . . . . . . . . . . . . . . (2,287,002) (3,148,994) (3,105,915) (43,079) __________________________ __________________________ __________________________ __________________________ Total Fire Department . . . . . . . . . . . . . . 1,776,146,283 1,908,535,686 1,890,102,444 18,433,242 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (3,209,828) 3,209,828 __________________________ __________________________ __________________________ __________________________ Net Total Fire Department . . . . . . . . . . . 1,776,146,283 1,908,535,686 1,886,892,616 21,643,070 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 068 ADMINISTRATION FOR CHILDREN’S SERVICES Personal Services— 001 Personal Services . . . . . . . . . . . . . . . . . . 281,980,711 292,819,232 289,897,272 2,921,960 003 Head Start and Day Care . . . . . . . . . . . . 18,895,592 18,264,143 17,048,319 1,215,824 005 Administrative . . . . . . . . . . . . . . . . . . . . 70,826,481 78,725,481 78,556,169 169,312 007 Juvenile Justice . . . . . . . . . . . . . . . . . . . 38,954,916 37,313,406 36,543,899 769,507 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 410,657,700 427,122,262 422,045,659 5,076,603 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 73,150,402 75,085,883 73,427,798 1,658,085 004 Head Start and Day Care . . . . . . . . . . . . 1,070,819,335 1,059,942,999 1,038,679,669 21,263,330 006 Child Welfare . . . . . . . . . . . . . . . . . . . . . 1,181,277,013 1,150,441,759 1,124,752,725 25,689,034
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
269
(Continued)
068 ADMINISTRATION FOR CHILDREN’S SERVICES (cont.) Other Than Personal Services—(cont.) 008 Juvenile Justice . . . . . . . . . . . . . . . . . . . $ 171,829,395 $ 155,777,115 $ 167,788,031 $ (12,010,916) __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 2,497,076,145 2,441,247,756 2,404,648,223 36,599,533 __________________________ __________________________ __________________________ __________________________ 2,907,733,845 2,868,370,018 2,826,693,882 41,676,136 Intracity Sales . . . . . . . . . . . . . . . . . . . . (90,359,265) (82,867,247) (81,335,082) (1,532,165) __________________________ __________________________ __________________________ __________________________ Total Administration for Children’s
Services . . . . . . . . . . . . . . . . . . . . . . . 2,817,374,580 2,785,502,771 2,745,358,800 40,143,971 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (79,875,919) 79,875,919 __________________________ __________________________ __________________________ __________________________ Net Total Administration for
Children’s Services . . . . . . . . . . . . . . 2,817,374,580 2,785,502,771 2,665,482,881 120,019,890 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 069 DEPARTMENT OF SOCIAL SERVICES Personal Services— 201 Administration . . . . . . . . . . . . . . . . . . . . 276,827,267 304,081,836 304,062,657 19,179 203 Public Assistance . . . . . . . . . . . . . . . . . . 254,256,405 290,245,483 272,714,764 17,530,719 204 Medical Assistance . . . . . . . . . . . . . . . . 118,348,894 110,346,457 101,496,991 8,849,466 205 Adult Services . . . . . . . . . . . . . . . . . . . . 101,532,274 106,731,437 106,081,128 650,309 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 750,964,840 811,405,213 784,355,540 27,049,673 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 101 Administration . . . . . . . . . . . . . . . . . . . . 233,057,022 267,240,154 263,805,361 3,434,793 103 Public Assistance . . . . . . . . . . . . . . . . . . 1,948,755,555 2,083,842,951 2,047,820,240 36,022,711 104 Medical Assistance . . . . . . . . . . . . . . . . 6,510,087,577 6,300,256,119 6,374,319,528 (74,063,409) 105 Adult Services . . . . . . . . . . . . . . . . . . . . 304,504,758 309,478,222 300,889,195 8,589,027 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 8,996,404,912 8,960,817,446 8,986,834,324 (26,016,878) __________________________ __________________________ __________________________ __________________________ 9,747,369,752 9,772,222,659 9,771,189,864 1,032,795 Intracity Sales . . . . . . . . . . . . . . . . . . . . (10,829,644) (10,779,915) (10,228,261) (551,654) __________________________ __________________________ __________________________ __________________________ Total Department of Social Services . . . 9,736,540,108 9,761,442,744 9,760,961,603 481,141 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (15,208,575) 15,208,575 __________________________ __________________________ __________________________ __________________________ Net Total Department of Social Services . . 9,736,540,108 9,761,442,744 9,745,753,028 15,689,716 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 071 DEPARTMENT OF HOMELESS SERVICES 100 Personal Services . . . . . . . . . . . . . . . . . . 122,493,674 128,464,375 125,175,623 3,288,752 200 Other Than Personal Services . . . . . . . . 832,339,633 1,047,320,669 1,044,650,152 2,670,517 __________________________ __________________________ __________________________ __________________________ 954,833,307 1,175,785,044 1,169,825,775 5,959,269 Intracity Sales . . . . . . . . . . . . . . . . . . . . (851,186) (1,741,905) (1,699,102) (42,803) __________________________ __________________________ __________________________ __________________________ Total Department of Homeless Services . . 953,982,121 1,174,043,139 1,168,126,673 5,916,466 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (11,583,005) 11,583,005 __________________________ __________________________ __________________________ __________________________ Net Total Department of
Homeless Services . . . . . . . . . . . . . . . 953,982,121 1,174,043,139 1,156,543,668 17,499,471 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 072 DEPARTMENT OF CORRECTION Personal Services— 001 Administration . . . . . . . . . . . . . . . . . . . . 60,670,780 66,211,564 64,934,827 1,276,737 002 Operations . . . . . . . . . . . . . . . . . . . . . . . 902,558,067 963,649,652 958,679,137 4,970,515 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 963,228,847 1,029,861,216 1,023,613,964 6,247,252 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
270
(Continued)
072 DEPARTMENT OF CORRECTION (cont.) Other Than Personal Services— 003 Operations . . . . . . . . . . . . . . . . . . . . . . . $ 113,599,479 $ 125,173,703 $ 121,742,978 $ 3,430,725 004 Administration . . . . . . . . . . . . . . . . . . . . 18,714,416 17,370,416 16,764,071 606,345 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 132,313,895 142,544,119 138,507,049 4,037,070 __________________________ __________________________ __________________________ __________________________ 1,095,542,742 1,172,405,335 1,162,121,013 10,284,322 Interfund Agreements . . . . . . . . . . . . . . (724,348) (724,348) (678,217) (46,131) Intracity Sales . . . . . . . . . . . . . . . . . . . . (143,220) (1,858,610) (1,830,949) (27,661) __________________________ __________________________ __________________________ __________________________ Total Department of Correction . . . . . . 1,094,675,174 1,169,822,377 1,159,611,847 10,210,530 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (5,918,537) 5,918,537 __________________________ __________________________ __________________________ __________________________ Net Total Department of Correction . . . 1,094,675,174 1,169,822,377 1,153,693,310 16,129,067 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 073 BOARD OF CORRECTION 001 Personal Services . . . . . . . . . . . . . . . . . . 1,481,092 1,392,220 1,298,756 93,464 002 Other Than Personal Services . . . . . . . . 136,768 242,531 223,213 19,318 __________________________ __________________________ __________________________ __________________________ Total Board of Correction . . . . . . . . . . . 1,617,860 1,634,751 1,521,969 112,782 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 095 PENSION CONTRIBUTIONS Personal Services— 001 City Actuarial Pensions . . . . . . . . . . . . . 8,447,135,392 8,485,577,240 8,485,577,238 2 002 Non City Actuarial Pensions . . . . . . . . . 84,195,059 70,995,057 68,370,558 2,624,499 003 Non Actuarial Pensions . . . . . . . . . . . . . 63,667,273 64,667,273 62,377,692 2,289,581 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 8,594,997,724 8,621,239,570 8,616,325,488 4,914,082 Intracity Sales . . . . . . . . . . . . . . . . . . . . (126,467,408) (126,467,408) (126,467,408) — __________________________ __________________________ __________________________ __________________________ Total Pension Contributions . . . . . . . . . 8,468,530,316 8,494,772,162 8,489,858,080 4,914,082 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (1,345) 1,345 __________________________ __________________________ __________________________ __________________________ Net Total Pension Contributions . . . . . . 8,468,530,316 8,494,772,162 8,489,856,735 4,915,427 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 098 MISCELLANEOUS Personal Services— 001 Personal Services . . . . . . . . . . . . . . . . . . 999,117,652 542,037,841 542,037,841 — 003 Fringe Benefits . . . . . . . . . . . . . . . . . . . 5,055,210,364 5,011,403,767 5,010,185,975 1,217,792 006 Retiree Health Benefits Trust . . . . . . . . — 955,000,000 955,000,000 — __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 6,054,328,016 6,508,441,608 6,507,223,816 1,217,792 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services— Other Public Safety . . . . . . . . . . . . . . . . 41,762,000 33,311,696 33,311,696 — Courts Costs—Public Safety . . . . . . . . . 100,000 — — — Criminal Justice Programs . . . . . . . . . . 67,537,493 67,152,591 66,139,576 1,013,015 Payments to Transit Authority . . . . . . . . 848,865,825 963,164,236 963,007,083 157,153 Payments to Private Bus Companies . . . 70,066,357 56,249 52,371 3,878 Payments to Housing Authority . . . . . . 19,159,449 79,083,132 79,083,131 1 Payments to TDC . . . . . . . . . . . . . . . . . 8,000,000 3,740,000 3,739,914 86 Payments to TFA . . . . . . . . . . . . . . . . . . 570,563,130 561,269,971 561,269,971 — Judgments and Claims . . . . . . . . . . . . . . 673,989,219 679,604,747 679,604,746 1 Other . . . . . . . . . . . . . . . . . . . . . . . . . . 1,070,361,368 512,487,641 489,872,253 22,615,388
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
271
(Continued)
098 MISCELLANEOUS (cont.) Other Than Personal Services—(cont.) 005 Indigent Defense Services . . . . . . . . . . . $ 252,470,345 $ 262,608,779 $ 261,410,069 $ 1,198,710 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 3,622,875,186 3,162,479,042 3,137,490,810 24,988,232 __________________________ __________________________ __________________________ __________________________ 9,677,203,202 9,670,920,650 9,644,714,626 26,206,024 Interfund Agreements . . . . . . . . . . . . . . (87,196,933) (109,733,044) (102,522,304) (7,210,740) Intracity Sales . . . . . . . . . . . . . . . . . . . . (84,438,849) (81,859,469) (81,859,469) — __________________________ __________________________ __________________________ __________________________ Total Miscellaneous . . . . . . . . . . . . . . . . 9,505,567,420 9,479,328,137 9,460,332,853 18,995,284 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (101,955,108) 101,955,108 __________________________ __________________________ __________________________ __________________________ Net Total Miscellaneous . . . . . . . . . . . . 9,505,567,420 9,479,328,137 9,358,377,745 120,950,392 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 099 DEBT SERVICE Other Than Personal Services— 001 Funded Debt Outside
Constitutional Limit . . . . . . . . . . . . . . 3,458,253,645 3,084,342,508 3,085,359,704 (1,017,196) 002 Temporary Debt within
Constitutional Limit . . . . . . . . . . . . . . 74,623,611 — — — 003 Lease Purchase and City
Guaranteed Debt . . . . . . . . . . . . . . . . 316,993,681 225,465,450 225,456,883 8,567 004 Budget Stabilization Account . . . . . . . . — 3,553,888,712 3,553,888,712 — 006 NYC Transitional Finance Authority . . 697,801,739 556,243,538 556,204,233 39,305 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 4,547,672,676 7,419,940,208 7,420,909,532 (969,324) __________________________ __________________________ __________________________ __________________________ Total Debt Service . . . . . . . . . . . . . . . . . 4,547,672,676 7,419,940,208 7,420,909,532 (969,324) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 101 PUBLIC ADVOCATE 001 Personal Services . . . . . . . . . . . . . . . . . . 2,885,809 2,947,028 2,459,332 487,696 002 Other Than Personal Services . . . . . . . . 266,719 315,815 287,332 28,483 __________________________ __________________________ __________________________ __________________________ Total Public Advocate . . . . . . . . . . . . . . 3,152,528 3,262,843 2,746,664 516,179 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 102 CITY COUNCIL Personal Services— 001 Council Members . . . . . . . . . . . . . . . . . 21,699,500 22,368,856 21,721,930 646,926 002 Committee Staffing . . . . . . . . . . . . . . . . 9,588,094 10,002,618 9,649,818 352,800 005 Council Services Division . . . . . . . . . . . 11,283,628 11,528,510 10,786,035 742,475 600 Committee on the Aging . . . . . . . . . . . . 1 1 — 1 602 Committee on Civil Rights . . . . . . . . . . 1 1 — 1 605 Committee on Civil Service and Labor . . 1 1 — 1 607 Committee on Community Development . 1 1 — 1 610 Committee on Consumer Affairs . . . . . . 1 1 — 1 615 Committee on Contracts . . . . . . . . . . . . 1 1 — 1 616 Cultural Affairs, Libraries and
International Intergroup Relations . . . 1 1 — 1 620 Committee on Economic Development . . 1 1 — 1 625 Committee on Education . . . . . . . . . . . . 1 1 — 1 630 Committee on Environmental Protection 1 1 — 1 632 Committee on Finance . . . . . . . . . . . . . 1 1 — 1 633 Committee on Fire and Criminal Justice 1 1 — 1 635 Committee on General Welfare . . . . . . . 1 1 — 1 640 Committee on Governmental Operations 1 1 — 1 645 Committee on Health . . . . . . . . . . . . . . 1 1 — 1
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
272
(Continued)
102 CITY COUNCIL (cont.) Personal Services—(cont.) 647 Committee on Higher Education . . . . . . $ 1 $ 1 $ — $ 1 650 Committee on Housing and Buildings . . 1 1 — 1 652 Committee on Immigration . . . . . . . . . . 1 1 — 1 653 Committee on Juvenile Justice . . . . . . . 1 1 — 1 654 Committee on Land Use . . . . . . . . . . . . 1 1 — 1 655 Lower Manhattan Redevelopment . . . . . 1 1 — 1 656 Mental Health, Retardation, Alcoholism,
Drug Abuse, and Disability Services . 1 1 — 1 657 Committee on Oversight and
Investigations . . . . . . . . . . . . . . . . . . . 1 1 — 1 660 Committee on Parks, Recreation, and
Cultural Affairs . . . . . . . . . . . . . . . . . 1 1 — 1 665 Committee on Public Safety . . . . . . . . . 1 1 — 1 667 Committee on Public Housing . . . . . . . 1 1 — 1 670 Committee on Rules, Privileges,
and Elections . . . . . . . . . . . . . . . . . . . 1 1 — 1 671 Committee on Sanitation and Solid
Waste Management . . . . . . . . . . . . . . 1 1 — 1 673 Committee on Small Business . . . . . . . . 1 1 — 1 675 Committee on Standards and Ethics . . . 1 1 — 1 680 Committee on State and Federal
Legislation . . . . . . . . . . . . . . . . . . . . . 1 1 — 1 681 Committee on Technology in
Government . . . . . . . . . . . . . . . . . . . . 1 1 — 1 682 Committee on Transportation . . . . . . . . 1 1 — 1 683 Committee on Veterans . . . . . . . . . . . . . 1 1 — 1 685 Committee on Waterfronts . . . . . . . . . . 1 1 — 1 687 Committee on Women’s Issues . . . . . . . 1 1 — 1 690 Committee on Youth Services . . . . . . . . 1 1 — 1 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 42,571,259 43,900,021 42,157,783 1,742,238 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 100 Council Members . . . . . . . . . . . . . . . . . 5,157,814 5,372,814 5,254,006 118,808 200 Central Staff . . . . . . . . . . . . . . . . . . . . . 9,357,898 9,882,898 9,499,634 383,264 800 Committee on the Aging . . . . . . . . . . . . 1 1 — 1 802 Committee on Civil Rights . . . . . . . . . . 1 1 — 1 805 Committee on Civil Service and Labor . . 1 1 — 1 807 Committee on Community
Development . . . . . . . . . . . . . . . . . . . 1 1 — 1 810 Committee on Consumer Affairs . . . . . . 1 1 — 1 815 Committee on Contracts . . . . . . . . . . . . 1 1 — 1 816 Cultural Affairs, Libraries and
International Intergroup Relations . . . 1 1 — 1 820 Committee on Economic Development . 1 1 — 1 825 Committee on Education . . . . . . . . . . . . 1 1 — 1 830 Committee on Environmental Protection 1 1 — 1 832 Committee on Finance . . . . . . . . . . . . . 1 1 — 1 833 Committee on Fire and Criminal Justice 1 1 — 1
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
273
(Continued)
102 CITY COUNCIL (cont.) Other Than Personal Services—(cont.) 835 Committee on General Welfare . . . . . . . $ 1 $ 1 $ — $ 1 840 Committee on Governmental Operations 1 1 — 1 845 Committee on Health . . . . . . . . . . . . . . 1 1 — 1 847 Committee on Higher Education . . . . . . 1 1 — 1 850 Committee on Housing and Buildings . . 1 1 — 1 852 Committee on Immigration . . . . . . . . . . 1 1 — 1 853 Committee on Juvenile Justice . . . . . . . 1 1 — 1 854 Committee on Land Use . . . . . . . . . . . . 1 1 — 1 855 Lower Manhattan Redevelopment . . . . . 1 1 — 1 856 Mental Health, Retardation, Alcoholism,
Drug Abuse, and Disability Services . . 1 1 — 1 857 Committee on Oversight and
Investigations . . . . . . . . . . . . . . . . . . . 1 1 — 1 860 Committee on Parks, Recreation, and
Cultural Affairs . . . . . . . . . . . . . . . . . 1 1 — 1 862 Committee on Public Housing . . . . . . . 1 1 — 1 865 Committee on Public Safety . . . . . . . . . 1 1 — 1 870 Committee on Rules, Privileges,
and Elections . . . . . . . . . . . . . . . . . . . 1 1 — 1 871 Committee on Sanitation and Solid
Waste Management . . . . . . . . . . . . . . 1 1 — 1 873 Committee on Small Business . . . . . . . . 1 1 — 1 875 Committee on Standards and Ethics . . . 1 1 — 1 880 Committee on State and Federal
Legislation . . . . . . . . . . . . . . . . . . . . . 1 1 — 1 881 Committee on Technology
in Government . . . . . . . . . . . . . . . . . . 1 1 — 1 882 Committee on Transportation . . . . . . . . 1 1 — 1 883 Committee on Veterans . . . . . . . . . . . . . 1 1 — 1 885 Committee on Waterfronts . . . . . . . . . . 1 1 — 1 887 Committee on Women’s Issues . . . . . . . 1 1 — 1 890 Committee on Youth Services . . . . . . . . 1 1 — 1 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 14,515,749 15,255,749 14,753,640 502,109 __________________________ __________________________ __________________________ __________________________ Total City Council . . . . . . . . . . . . . . . . . 57,087,008 59,155,770 56,911,423 2,244,347 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (35,023) 35,023 __________________________ __________________________ __________________________ __________________________ Net Total City Council . . . . . . . . . . . . . . 57,087,008 59,155,770 56,876,400 2,279,370 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 103 CITY CLERK 001 Personal Services . . . . . . . . . . . . . . . . . . 4,185,405 3,919,122 3,815,066 104,056 002 Other Than Personal Services . . . . . . . . 1,439,138 1,826,929 1,771,722 55,207 __________________________ __________________________ __________________________ __________________________ Total City Clerk . . . . . . . . . . . . . . . . . . . 5,624,543 5,746,051 5,586,788 159,263 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 125 DEPARTMENT FOR THE AGING Personal Services— 001 Executive and Administrative
Management . . . . . . . . . . . . . . . . . . . 10,486,063 10,952,986 10,211,977 741,009 002 Community Programs . . . . . . . . . . . . . . 13,595,824 14,470,164 13,211,856 1,258,308 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 24,081,887 25,423,150 23,423,833 1,999,317 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
274
(Continued)
125 DEPARTMENT FOR THE AGING (cont.) Other Than Personal Services— 003 Community Programs . . . . . . . . . . . . . . $ 255,106,872 $ 265,867,909 $ 260,141,161 $ 5,726,748 004 Executive and Administrative
Management . . . . . . . . . . . . . . . . . . . 1,612,064 1,810,084 1,670,609 139,475 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 256,718,936 267,677,993 261,811,770 5,866,223 __________________________ __________________________ __________________________ __________________________ 280,800,823 293,101,143 285,235,603 7,865,540 Intracity Sales . . . . . . . . . . . . . . . . . . . . (319,656) (2,528,910) (2,205,819) (323,091) __________________________ __________________________ __________________________ __________________________ Total Department for the Aging . . . . . . . 280,481,167 290,572,233 283,029,784 7,542,449 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (7,286,261) 7,286,261 __________________________ __________________________ __________________________ __________________________ Net Total Department for the Aging . . . 280,481,167 290,572,233 275,743,523 14,828,710 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 126 DEPARTMENT OF CULTURAL AFFAIRS 001 Personal Services . . . . . . . . . . . . . . . . . . 4,212,962 4,926,312 4,404,680 521,632 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Office of Commissioner . . . . . . . . . . . . 1,610,096 1,675,242 1,470,961 204,281 003 Cultural Programs . . . . . . . . . . . . . . . . . 42,646,831 42,809,884 42,776,174 33,710 004 Metropolitan Museum of Art . . . . . . . . . 25,650,464 26,120,141 26,120,141 — 005 New York Botanical Garden . . . . . . . . . 6,836,618 7,862,495 7,804,310 58,185 006 American Museum Natural History . . . 16,350,193 16,942,452 16,769,048 173,404 007 The Wildlife Conservation Society . . . . 15,393,229 15,105,056 14,559,588 545,468 008 Brooklyn Museum . . . . . . . . . . . . . . . . . 7,754,558 8,281,275 8,204,153 77,122 009 Brooklyn Children’s Museum . . . . . . . . 1,856,362 1,907,441 1,898,806 8,635 010 Brooklyn Botanical Garden . . . . . . . . . . 3,582,590 4,522,910 4,497,911 24,999 011 Queens Botanical Garden . . . . . . . . . . . 1,037,036 2,140,524 2,139,155 1,369 012 New York Hall of Science . . . . . . . . . . . 1,828,397 1,838,844 1,838,844 — 013 Staten Island Institute Arts and Sciences 1,084,751 970,174 919,558 50,616 014 Staten Island Zoological Society . . . . . . 1,384,115 1,439,418 1,439,418 — 015 Staten Island Historical Society . . . . . . 735,269 898,918 862,986 35,932 016 Museum of The City of New York . . . . 1,601,183 1,607,808 1,607,808 — 017 Wave Hill . . . . . . . . . . . . . . . . . . . . . . . . 1,188,525 1,169,396 1,169,396 — 019 Brooklyn Academy of Music . . . . . . . . 2,836,530 2,795,476 2,740,403 55,073 020 Snug Harbor Cultural Center . . . . . . . . . 1,861,278 3,090,473 2,994,679 95,794 021 Studio Museum In Harlem . . . . . . . . . . 827,767 849,965 849,965 — 022 Other Cultural Institutions . . . . . . . . . . . 16,457,553 17,629,834 17,502,156 127,678 024 New York Shakespeare Festival . . . . . . . 1,114,961 1,122,169 1,118,250 3,919 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 153,638,306 160,779,895 159,283,710 1,496,185 __________________________ __________________________ __________________________ __________________________ 157,851,268 165,706,207 163,688,390 2,017,817 Interfund Agreements . . . . . . . . . . . . . . (236,659) (239,325) (232,976) (6,349) Intracity Sales . . . . . . . . . . . . . . . . . . . . (180,000) (5,239,373) (5,239,369) (4) __________________________ __________________________ __________________________ __________________________ Total Department of Cultural Affairs . . . 157,434,609 160,227,509 158,216,045 2,011,464 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (740,313) 740,313 __________________________ __________________________ __________________________ __________________________ Net Total Department of Cultural Affairs 157,434,609 160,227,509 157,475,732 2,751,777 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 127 FINANCIAL INFORMATION SERVICES AGENCY 001 Personal Services . . . . . . . . . . . . . . . . . . 45,449,315 47,149,985 43,360,178 3,789,807 002 Other Than Personal Services . . . . . . . . 54,994,382 48,921,969 39,761,945 9,160,024 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
275
(Continued)
127 FINANCIAL INFORMATION SERVICES AGENCY (cont.) Total Financial Information
Services Agency . . . . . . . . . . . . . . . . . $ 100,443,697 $ 96,071,954 $ 83,122,123 $ 12,949,831 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (551,435) 551,435 __________________________ __________________________ __________________________ __________________________ Net Total Financial Information
Services Agency . . . . . . . . . . . . . . . . . 100,443,697 96,071,954 82,570,688 13,501,266 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 131 OFFICE OF PAYROLL ADMINISTRATION 100 Personal Services . . . . . . . . . . . . . . . . . . 16,192,162 15,870,073 13,371,844 2,498,229 200 Other Than Personal Services . . . . . . . . 11,476,369 2,473,968 1,306,631 1,167,337 __________________________ __________________________ __________________________ __________________________ Total Office of Payroll Administration . . 27,668,531 18,344,041 14,678,475 3,665,566 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 132 INDEPENDENT BUDGET OFFICE 001 Personal Services . . . . . . . . . . . . . . . . . . 3,590,250 4,926,646 3,325,769 1,600,877 002 Other Than Personal Services . . . . . . . . 799,376 800,230 618,612 181,618 __________________________ __________________________ __________________________ __________________________ Total Independent Budget Office . . . . . 4,389,626 5,726,876 3,944,381 1,782,495 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (156) 156 __________________________ __________________________ __________________________ __________________________ Net Total Independent Budget Office . . 4,389,626 5,726,876 3,944,225 1,782,651 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 133 EQUAL EMPLOYMENT PRACTICES COMMISSION 001 Personal Services . . . . . . . . . . . . . . . . . . 558,528 744,179 534,324 209,855 002 Other Than Personal Services . . . . . . . . 440,008 352,917 166,401 186,516 __________________________ __________________________ __________________________ __________________________ Total Equal Employment Practices
Commission . . . . . . . . . . . . . . . . . . . . 998,536 1,097,096 700,725 396,371 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 134 CIVIL SERVICE COMMISSION 001 Personal Services . . . . . . . . . . . . . . . . . . 964,078 994,709 667,038 327,671 002 Other Than Personal Services . . . . . . . . 75,817 75,817 67,521 8,296 __________________________ __________________________ __________________________ __________________________ Total Civil Service Commission . . . . . . 1,039,895 1,070,526 734,559 335,967 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 136 LANDMARKS PRESERVATION COMMISSION 001 Personal Services . . . . . . . . . . . . . . . . . . 4,566,426 4,637,078 4,415,456 221,622 002 Other Than Personal Services . . . . . . . . 702,031 478,518 366,089 112,429 __________________________ __________________________ __________________________ __________________________ Total Landmarks Preservation
Commission . . . . . . . . . . . . . . . . . . . . 5,268,457 5,115,596 4,781,545 334,051 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 156 NYC TAXI AND LIMOUSINE COMMISSION 001 Personal Services . . . . . . . . . . . . . . . . . . 34,350,595 35,544,359 33,083,758 2,460,601 002 Other Than Personal Services . . . . . . . . 40,644,299 20,414,807 19,361,763 1,053,044 __________________________ __________________________ __________________________ __________________________ Total NYC Taxi and Limousine
Commission . . . . . . . . . . . . . . . . . . . . 74,994,894 55,959,166 52,445,521 3,513,645 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (44,398) 44,398 __________________________ __________________________ __________________________ __________________________ Net Total NYC Taxi and Limousine
Commission . . . . . . . . . . . . . . . . . . . . 74,994,894 55,959,166 52,401,123 3,558,043 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 226 COMMISSION ON HUMAN RIGHTS Personal Services— 001 Personal Services . . . . . . . . . . . . . . . . . . 1,101,031 1,784,332 1,185,191 599,141 003 Community Development . . . . . . . . . . . 3,482,341 3,728,262 3,712,601 15,661 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 4,583,372 5,512,594 4,897,792 614,802 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
276
(Continued)
226 COMMISSION ON HUMAN RIGHTS (cont.) Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . $ 1,201,685 $ 1,222,413 $ 400,443 $ 821,970 004 Community Development . . . . . . . . . . . 709,637 750,837 497,045 253,792 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 1,911,322 1,973,250 897,488 1,075,762 __________________________ __________________________ __________________________ __________________________ 6,494,694 7,485,844 5,795,280 1,690,564 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (99,600) (73,438) (26,162) __________________________ __________________________ __________________________ __________________________ Total Commission on Human Rights . . 6,494,694 7,386,244 5,721,842 1,664,402 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 260 DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT Personal Services— 002 Executive and Administrative
Management . . . . . . . . . . . . . . . . . . . 12,304,574 16,099,348 15,389,013 710,335 311 Program Services . . . . . . . . . . . . . . . . . . 25,117,099 17,811,493 17,447,987 363,506 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 37,421,673 33,910,841 32,837,000 1,073,841 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 005 Community Development . . . . . . . . . . . 62,034,304 65,995,719 64,289,760 1,705,959 312 Other Than Personal Services . . . . . . . . 473,847,637 493,086,031 484,758,594 8,327,437 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 535,881,941 559,081,750 549,048,354 10,033,396 __________________________ __________________________ __________________________ __________________________ 573,303,614 592,992,591 581,885,354 11,107,237 Intracity Sales . . . . . . . . . . . . . . . . . . . . (156,130,053) (153,541,922) (153,541,922) — __________________________ __________________________ __________________________ __________________________ Total Department of Youth and
Community Development . . . . . . . . . 417,173,561 439,450,669 428,343,432 11,107,237 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (8,949,663) 8,949,663 __________________________ __________________________ __________________________ __________________________ Net Total Department of Youth and
Community Development . . . . . . . . . 417,173,561 439,450,669 419,393,769 20,056,900 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 312 CONFLICTS OF INTEREST BOARD 001 Personal Services . . . . . . . . . . . . . . . . . . 1,960,981 2,049,388 2,040,971 8,417 002 Other Than Personal Services . . . . . . . . 156,491 169,288 151,731 17,557 __________________________ __________________________ __________________________ __________________________ Total Conflicts of Interest Board . . . . . . 2,117,472 2,218,676 2,192,702 25,974 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 313 OFFICE OF COLLECTIVE BARGAINING 001 Personal Services . . . . . . . . . . . . . . . . . . 1,518,017 1,654,499 1,442,022 212,477 002 Other Than Personal Services . . . . . . . . 799,644 480,437 311,812 168,625 __________________________ __________________________ __________________________ __________________________ Total Office of Collective Bargaining . . 2,317,661 2,134,936 1,753,834 381,102 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 341 MANHATTAN COMMUNITY BOARD # 1 001 Personal Services . . . . . . . . . . . . . . . . . . 205,650 215,497 215,228 269 002 Other Than Personal Services . . . . . . . . 5,745 232,744 51,932 180,812 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 1 211,395 448,241 267,160 181,081 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 342 MANHATTAN COMMUNITY BOARD # 2 001 Personal Services . . . . . . . . . . . . . . . . . . 196,788 206,788 202,975 3,813 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 14,607 46,121 17,185 28,936 003 Rent and Energy . . . . . . . . . . . . . . . . . . 84,990 85,661 61,951 23,710 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 99,597 131,782 79,136 52,646 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 2 296,385 338,570 282,111 56,459 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
277
(Continued)
343 MANHATTAN COMMUNITY BOARD # 3 001 Personal Services . . . . . . . . . . . . . . . . . . $ 195,702 $ 207,124 $ 207,706 $ (582) __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 15,693 20,022 14,269 5,753 003 Rent and Energy . . . . . . . . . . . . . . . . . . 143,139 143,156 136,354 6,802 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 158,832 163,178 150,623 12,555 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 3 354,534 370,302 358,329 11,973 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 344 MANHATTAN COMMUNITY BOARD # 4 001 Personal Services . . . . . . . . . . . . . . . . . . 197,368 173,180 162,696 10,484 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 9,527 43,715 30,117 13,598 003 Rent and Energy . . . . . . . . . . . . . . . . . . 87,028 87,028 85,247 1,781 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 96,555 130,743 115,364 15,379 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 4 293,923 303,923 278,060 25,863 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (166) 166 __________________________ __________________________ __________________________ __________________________ Net Total Manhattan Community
Board # 4 . . . . . . . . . . . . . . . . . . . . . . 293,923 303,923 277,894 26,029 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 345 MANHATTAN COMMUNITY BOARD # 5 001 Personal Services . . . . . . . . . . . . . . . . . . 192,639 194,639 190,539 4,100 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 14,256 22,256 21,066 1,190 003 Rent and Energy . . . . . . . . . . . . . . . . . . 61,348 61,348 52,838 8,510 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 75,604 83,604 73,904 9,700 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 5 268,243 278,243 264,443 13,800 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (827) 827 __________________________ __________________________ __________________________ __________________________ Net Total Manhattan Community
Board # 5 . . . . . . . . . . . . . . . . . . . . . . 268,243 278,243 263,616 14,627 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 346 MANHATTAN COMMUNITY BOARD # 6 001 Personal Services . . . . . . . . . . . . . . . . . . 186,421 166,684 152,425 14,259 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 20,474 140,454 61,447 79,007 003 Rent and Energy . . . . . . . . . . . . . . . . . . 112,863 112,863 105,660 7,203 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 133,337 253,317 167,107 86,210 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 6 319,758 420,001 319,532 100,469 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 347 MANHATTAN COMMUNITY BOARD # 7 001 Personal Services . . . . . . . . . . . . . . . . . . 195,977 193,123 193,061 62 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 10,918 26,918 24,846 2,072 003 Rent and Energy . . . . . . . . . . . . . . . . . . 89,092 90,189 89,507 682 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 100,010 117,107 114,353 2,754 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 7 295,987 310,230 307,414 2,816 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
278
(Continued)
348 MANHATTAN COMMUNITY BOARD # 8 001 Personal Services . . . . . . . . . . . . . . . . . . $ 183,754 $ 174,996 $ 173,593 $ 1,403 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 23,141 41,899 31,160 10,739 003 Rent and Energy . . . . . . . . . . . . . . . . . . 167,977 167,977 130,868 37,109 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 191,118 209,876 162,028 47,848 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 8 374,872 384,872 335,621 49,251 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 349 MANHATTAN COMMUNITY BOARD # 9 001 Personal Services . . . . . . . . . . . . . . . . . . 175,568 154,068 152,481 1,587 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 36,327 69,327 56,772 12,555 003 Rent and Energy . . . . . . . . . . . . . . . . . . 37,266 40,201 40,201 — __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 73,593 109,528 96,973 12,555 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 9 249,161 263,596 249,454 14,142 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 350 MANHATTAN COMMUNITY BOARD # 10 001 Personal Services . . . . . . . . . . . . . . . . . . 183,310 190,725 180,349 10,376 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 28,585 31,170 25,139 6,031 003 Rent and Energy . . . . . . . . . . . . . . . . . . 86,287 87,787 87,785 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 114,872 118,957 112,924 6,033 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 10 298,182 309,682 293,273 16,409 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 351 MANHATTAN COMMUNITY BOARD # 11 001 Personal Services . . . . . . . . . . . . . . . . . . 189,442 155,008 145,627 9,381 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 22,453 66,887 50,184 16,703 003 Rent and Energy . . . . . . . . . . . . . . . . . . 72,010 71,823 54,938 16,885 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 94,463 138,710 105,122 33,588 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 11 283,905 293,718 250,749 42,969 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 352 MANHATTAN COMMUNITY BOARD # 12 001 Personal Services . . . . . . . . . . . . . . . . . . 183,558 189,608 178,094 11,514 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 23,337 27,287 25,509 1,778 003 Rent and Energy . . . . . . . . . . . . . . . . . . 102,312 102,312 — 102,312 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 125,649 129,599 25,509 104,090 __________________________ __________________________ __________________________ __________________________ Total Manhattan Community Board # 12 309,207 319,207 203,603 115,604 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 381 BRONX COMMUNITY BOARD # 1 001 Personal Services . . . . . . . . . . . . . . . . . . 186,614 196,614 196,711 (97) __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 20,281 20,281 20,913 (632) 003 Rent and Energy . . . . . . . . . . . . . . . . . . 57,117 57,117 58,450 (1,333) __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 77,398 77,398 79,363 (1,965) __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 1 . . . . 264,012 274,012 276,074 (2,062) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 382 BRONX COMMUNITY BOARD # 2 001 Personal Services . . . . . . . . . . . . . . . . . . 158,062 193,890 193,053 837 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
279
(Continued)
382 BRONX COMMUNITY BOARD # 2 (cont.) Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . $ 48,833 $ 23,005 $ 15,951 $ 7,054 003 Rent and Energy . . . . . . . . . . . . . . . . . . 44,228 44,228 43,165 1,063 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 93,061 67,233 59,116 8,117 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 2 . . . . 251,123 261,123 252,169 8,954 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 383 BRONX COMMUNITY BOARD # 3 001 Personal Services . . . . . . . . . . . . . . . . . . 192,269 205,895 200,265 5,630 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 14,626 14,626 13,923 703 003 Rent and Energy . . . . . . . . . . . . . . . . . . 54,845 54,872 50,905 3,967 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 69,471 69,498 64,828 4,670 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 3 . . . . 261,740 275,393 265,093 10,300 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 384 BRONX COMMUNITY BOARD # 4 001 Personal Services . . . . . . . . . . . . . . . . . . 192,101 201,701 189,129 12,572 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 24,794 25,194 14,738 10,456 003 Rent and Energy . . . . . . . . . . . . . . . . . . 7,502 7,502 7,305 197 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 32,296 32,696 22,043 10,653 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 4 . . . . 224,397 234,397 211,172 23,225 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 385 BRONX COMMUNITY BOARD # 5 001 Personal Services . . . . . . . . . . . . . . . . . . 204,062 223,780 221,887 1,893 002 Other Than Personal Services . . . . . . . . 2,833 35,981 24,995 10,986 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 5 . . . . 206,895 259,761 246,882 12,879 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 386 BRONX COMMUNITY BOARD # 6 001 Personal Services . . . . . . . . . . . . . . . . . . 194,268 197,068 191,009 6,059 002 Other Than Personal Services . . . . . . . . 12,627 19,827 16,156 3,671 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 6 . . . . 206,895 216,895 207,165 9,730 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (6) 6 __________________________ __________________________ __________________________ __________________________ Net Total Bronx Community Board # 6 206,895 216,895 207,159 9,736 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 387 BRONX COMMUNITY BOARD # 7 001 Personal Services . . . . . . . . . . . . . . . . . . 177,632 162,947 157,074 5,873 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 29,263 53,948 44,850 9,098 003 Rent and Energy . . . . . . . . . . . . . . . . . . 54,389 54,064 53,749 315 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 83,652 108,012 98,599 9,413 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 7 . . . . 261,284 270,959 255,673 15,286 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 388 BRONX COMMUNITY BOARD # 8 001 Personal Services . . . . . . . . . . . . . . . . . . 204,325 206,949 188,348 18,601 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 8,571 15,947 9,156 6,791 003 Rent and Energy . . . . . . . . . . . . . . . . . . 48,187 48,525 45,239 3,286 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 56,758 64,472 54,395 10,077 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 8 . . . . 261,083 271,421 242,743 28,678
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
280
(Continued)
388 BRONX COMMUNITY BOARD # 8 (cont.) ` Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . $ — $ — $ (16) $ 16 __________________________ __________________________ __________________________ __________________________ Net Total Bronx Community Board # 8 261,083 271,421 242,727 28,694 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 389 BRONX COMMUNITY BOARD # 9 001 Personal Services . . . . . . . . . . . . . . . . . . 162,641 150,641 141,547 9,094 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 44,254 66,254 66,189 65 003 Rent and Energy . . . . . . . . . . . . . . . . . . 55,381 55,381 51,311 4,070 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 99,635 121,635 117,500 4,135 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 9 . . . . 262,276 272,276 259,047 13,229 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 390 BRONX COMMUNITY BOARD # 10 001 Personal Services . . . . . . . . . . . . . . . . . . 198,525 192,871 192,638 233 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 8,370 24,024 23,452 572 003 Rent and Energy . . . . . . . . . . . . . . . . . . 74,797 74,336 63,014 11,322 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 83,167 98,360 86,466 11,894 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 10 . . . 281,692 291,231 279,104 12,127 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (88) 88 __________________________ __________________________ __________________________ __________________________ Net Total Bronx Community Board # 10 281,692 291,231 279,016 12,215 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 391 BRONX COMMUNITY BOARD # 11 001 Personal Services . . . . . . . . . . . . . . . . . . 197,410 200,439 200,438 1 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 9,485 16,456 15,871 585 003 Rent and Energy . . . . . . . . . . . . . . . . . . 54,424 53,705 47,059 6,646 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 63,909 70,161 62,930 7,231 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 11 . . . 261,319 270,600 263,368 7,232 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 392 BRONX COMMUNITY BOARD # 12 001 Personal Services . . . . . . . . . . . . . . . . . . 186,888 149,173 143,681 5,492 002 Other Than Personal Services . . . . . . . . 20,007 67,722 65,341 2,381 __________________________ __________________________ __________________________ __________________________ Total Bronx Community Board # 12 . . . 206,895 216,895 209,022 7,873 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 431 QUEENS COMMUNITY BOARD # 1 001 Personal Services . . . . . . . . . . . . . . . . . . 161,625 171,625 151,366 20,259 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 45,270 75,464 19,895 55,569 003 Rent and Energy . . . . . . . . . . . . . . . . . . 32,971 32,971 31,003 1,968 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 78,241 108,435 50,898 57,537 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 1 . . . 239,866 280,060 202,264 77,796 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 432 QUEENS COMMUNITY BOARD # 2 001 Personal Services . . . . . . . . . . . . . . . . . . 186,485 196,485 193,804 2,681 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 20,410 20,410 20,206 204
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
281
(Continued)
432 QUEENS COMMUNITY BOARD # 2 (cont.) Other Than Personal Services—(cont.) 003 Rent and Energy . . . . . . . . . . . . . . . . . . $ 78,629 $ 78,629 $ 69,902 $ 8,727 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 99,039 99,039 90,108 8,931 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 2 . . . 285,524 295,524 283,912 11,612 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 433 QUEENS COMMUNITY BOARD # 3 001 Personal Services . . . . . . . . . . . . . . . . . . 185,386 191,463 160,726 30,737 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 38,009 43,661 26,339 17,322 003 Rent and Energy . . . . . . . . . . . . . . . . . . 80,002 80,002 80,000 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 118,011 123,663 106,339 17,324 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 3 . . . 303,397 315,126 267,065 48,061 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 434 QUEENS COMMUNITY BOARD # 4 001 Personal Services . . . . . . . . . . . . . . . . . . 171,390 193,390 187,762 5,628 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 35,505 23,505 15,695 7,810 003 Rent and Energy . . . . . . . . . . . . . . . . . . 46,589 46,659 43,452 3,207 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 82,094 70,164 59,147 11,017 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 4 . . . 253,484 263,554 246,909 16,645 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 435 QUEENS COMMUNITY BOARD # 5 001 Personal Services . . . . . . . . . . . . . . . . . . 180,241 190,798 190,797 1 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 26,654 26,097 23,453 2,644 003 Rent and Energy . . . . . . . . . . . . . . . . . . 43,328 40,300 38,155 2,145 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 69,982 66,397 61,608 4,789 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 5 . . . 250,223 257,195 252,405 4,790 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 436 QUEENS COMMUNITY BOARD # 6 001 Personal Services . . . . . . . . . . . . . . . . . . 190,149 200,149 198,596 1,553 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 16,746 16,746 14,320 2,426 003 Rent and Energy . . . . . . . . . . . . . . . . . . 56,365 53,778 51,446 2,332 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 73,111 70,524 65,766 4,758 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 6 . . . 263,260 270,673 264,362 6,311 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 437 QUEENS COMMUNITY BOARD # 7 001 Personal Services . . . . . . . . . . . . . . . . . . 188,054 196,374 191,106 5,268 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 18,841 20,521 18,751 1,770 003 Rent and Energy . . . . . . . . . . . . . . . . . . 82,348 83,232 78,318 4,914 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 101,189 103,753 97,069 6,684 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 7 . . . 289,243 300,127 288,175 11,952 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 438 QUEENS COMMUNITY BOARD # 8 001 Personal Services . . . . . . . . . . . . . . . . . . 196,867 182,061 168,296 13,765 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 10,028 34,834 34,215 619 003 Rent and Energy . . . . . . . . . . . . . . . . . . 78,822 78,219 72,614 5,605 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
282
(Continued)
438 QUEENS COMMUNITY BOARD # 8 (cont.) Other Than Personal Services—(cont.) Total Other Than Personal Services . . . $ 88,850 $ 113,053 $ 106,829 $ 6,224 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 8 . . . 285,717 295,114 275,125 19,989 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 439 QUEENS COMMUNITY BOARD # 9 001 Personal Services . . . . . . . . . . . . . . . . . . 191,189 154,340 137,299 17,041 002 Other Than Personal Services . . . . . . . . 15,706 62,555 42,710 19,845 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 9 . . . 206,895 216,895 180,009 36,886 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 440 QUEENS COMMUNITY BOARD # 10 001 Personal Services . . . . . . . . . . . . . . . . . . 189,685 183,685 170,433 13,252 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 17,210 33,210 31,138 2,072 003 Rent and Energy . . . . . . . . . . . . . . . . . . 44,045 44,086 38,607 5,479 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 61,255 77,296 69,745 7,551 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 10 . . 250,940 260,981 240,178 20,803 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 441 QUEENS COMMUNITY BOARD # 11 001 Personal Services . . . . . . . . . . . . . . . . . . 187,685 192,637 192,864 (227) __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 19,210 24,258 24,255 3 003 Rent and Energy . . . . . . . . . . . . . . . . . . 59,676 59,983 59,981 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 78,886 84,241 84,236 5 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 11 . . 266,571 276,878 277,100 (222) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 442 QUEENS COMMUNITY BOARD # 12 001 Personal Services . . . . . . . . . . . . . . . . . . 188,549 193,549 179,006 14,543 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 18,346 23,346 21,825 1,521 003 Rent and Energy . . . . . . . . . . . . . . . . . . 51,296 51,646 51,644 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 69,642 74,992 73,469 1,523 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 12 . . 258,191 268,541 252,475 16,066 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 443 QUEENS COMMUNITY BOARD # 13 001 Personal Services . . . . . . . . . . . . . . . . . . 180,486 180,486 164,242 16,244 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 26,409 36,409 29,067 7,342 003 Rent and Energy . . . . . . . . . . . . . . . . . . 34,876 34,502 34,482 20 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 61,285 70,911 63,549 7,362 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 13 . . 241,771 251,397 227,791 23,606 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 444 QUEENS COMMUNITY BOARD # 14 001 Personal Services . . . . . . . . . . . . . . . . . . 190,305 192,078 191,140 938 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 16,590 24,817 17,903 6,914 003 Rent and Energy . . . . . . . . . . . . . . . . . . 28,701 28,515 27,287 1,228 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 45,291 53,332 45,190 8,142 __________________________ __________________________ __________________________ __________________________ Total Queens Community Board # 14 . . 235,596 245,410 236,330 9,080
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
283
(Continued)
444 QUEENS COMMUNITY BOARD # 14 (cont.) Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . $ — $ — $ (1,667) $ 1,667 __________________________ __________________________ __________________________ __________________________ Net Total Queens Community Board # 14 235,596 245,410 234,663 10,747 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 471 BROOKLYN COMMUNITY BOARD # 1 001 Personal Services . . . . . . . . . . . . . . . . . . 196,419 203,119 200,878 2,241 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 10,476 13,775 13,415 360 003 Rent and Energy . . . . . . . . . . . . . . . . . . 65,413 65,179 65,175 4 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 75,889 78,954 78,590 364 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 1 . . 272,308 282,073 279,468 2,605 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 472 BROOKLYN COMMUNITY BOARD # 2 001 Personal Services . . . . . . . . . . . . . . . . . . 199,039 194,539 186,112 8,427 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 7,856 22,666 17,897 4,769 003 Rent and Energy . . . . . . . . . . . . . . . . . . 48,316 48,316 45,375 2,941 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 56,172 70,982 63,272 7,710 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 2 . . 255,211 265,521 249,384 16,137 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 473 BROOKLYN COMMUNITY BOARD # 3 001 Personal Services . . . . . . . . . . . . . . . . . . 157,481 175,905 169,832 6,073 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 49,414 40,990 40,499 491 003 Rent and Energy . . . . . . . . . . . . . . . . . . 41,350 41,471 41,373 98 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 90,764 82,461 81,872 589 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 3 . . 248,245 258,366 251,704 6,662 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 474 BROOKLYN COMMUNITY BOARD # 4 001 Personal Services . . . . . . . . . . . . . . . . . . 180,488 185,448 175,177 10,271 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 26,407 31,407 30,907 500 003 Rent and Energy . . . . . . . . . . . . . . . . . . 52,632 52,632 48,107 4,525 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 79,039 84,039 79,014 5,025 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 4 . 259,527 269,487 254,191 15,296 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (43,837) 43,837 __________________________ __________________________ __________________________ __________________________ Net Total Brooklyn Community
Board # 4 . . . . . . . . . . . . . . . . . . . . . . 259,527 269,487 210,354 59,133 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 475 BROOKLYN COMMUNITY BOARD # 5 001 Personal Services . . . . . . . . . . . . . . . . . . 193,850 193,850 183,517 10,333 002 Other Than Personal Services . . . . . . . . 13,045 23,045 21,620 1,425 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 5 . 206,895 216,895 205,137 11,758 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 476 BROOKLYN COMMUNITY BOARD # 6 001 Personal Services . . . . . . . . . . . . . . . . . . 195,119 205,119 200,657 4,462 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
284
(Continued)
476 BROOKLYN COMMUNITY BOARD # 6 (cont.) Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . $ 22,276 $ 33,276 $ 32,147 $ 1,129 003 Rent and Energy . . . . . . . . . . . . . . . . . . 7,698 7,698 — 7,698 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 29,974 40,974 32,147 8,827 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 6 . 225,093 246,093 232,804 13,289 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 477 BROOKLYN COMMUNITY BOARD # 7 001 Personal Services . . . . . . . . . . . . . . . . . . 204,696 197,910 197,605 305 002 Other Than Personal Services . . . . . . . . 2,199 18,985 18,985 — __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 7 . 206,895 216,895 216,590 305 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 478 BROOKLYN COMMUNITY BOARD # 8 001 Personal Services . . . . . . . . . . . . . . . . . . 184,127 172,509 172,508 1 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 22,768 44,386 25,009 19,377 003 Rent and Energy . . . . . . . . . . . . . . . . . . 63,212 63,735 59,183 4,552 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 85,980 108,121 84,192 23,929 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 8 . 270,107 280,630 256,700 23,930 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 479 BROOKLYN COMMUNITY BOARD # 9 001 Personal Services . . . . . . . . . . . . . . . . . . 182,669 174,669 169,562 5,107 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 24,226 42,226 37,473 4,753 003 Rent and Energy . . . . . . . . . . . . . . . . . . 43,743 43,626 23,817 19,809 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 67,969 85,852 61,290 24,562 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 9 . 250,638 260,521 230,852 29,669 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 480 BROOKLYN COMMUNITY BOARD # 10 001 Personal Services . . . . . . . . . . . . . . . . . . 185,967 197,967 197,557 410 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 24,428 22,428 22,132 296 003 Rent and Energy . . . . . . . . . . . . . . . . . . 91,238 90,737 86,427 4,310 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 115,666 113,165 108,559 4,606 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 10 301,633 311,132 306,116 5,016 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 481 BROOKLYN COMMUNITY BOARD # 11 001 Personal Services . . . . . . . . . . . . . . . . . . 166,944 176,179 174,223 1,956 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 43,451 44,216 39,344 4,872 003 Rent and Energy . . . . . . . . . . . . . . . . . . 40,507 41,409 40,506 903 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 83,958 85,625 79,850 5,775 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 11 250,902 261,804 254,073 7,731 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 482 BROOKLYN COMMUNITY BOARD # 12 001 Personal Services . . . . . . . . . . . . . . . . . . 151,404 153,966 153,965 1 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 55,491 62,929 62,259 670 003 Rent and Energy . . . . . . . . . . . . . . . . . . 74,158 74,076 74,074 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 129,649 137,005 136,333 672 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 12 281,053 290,971 290,298 673 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
285
(Continued)
483 BROOKLYN COMMUNITY BOARD # 13 001 Personal Services . . . . . . . . . . . . . . . . . . $ 186,204 $ 186,204 $ 177,945 $ 8,259 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 20,691 30,691 25,170 5,521 003 Rent and Energy . . . . . . . . . . . . . . . . . . 56,733 56,875 47,555 9,320 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 77,424 87,566 72,725 14,841 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 13 263,628 273,770 250,670 23,100 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (2,797) 2,797 __________________________ __________________________ __________________________ __________________________ Net Total Brooklyn Community
Board # 13 . . . . . . . . . . . . . . . . . . . . . 263,628 273,770 247,873 25,897 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 484 BROOKLYN COMMUNITY BOARD # 14 001 Personal Services . . . . . . . . . . . . . . . . . . 202,273 197,378 191,624 5,754 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 4,622 19,517 15,587 3,930 003 Rent and Energy . . . . . . . . . . . . . . . . . . 72,213 72,092 71,341 751 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 76,835 91,609 86,928 4,681 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 14 279,108 288,987 278,552 10,435 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 485 BROOKLYN COMMUNITY BOARD # 15 001 Personal Services . . . . . . . . . . . . . . . . . . 160,709 168,209 123,606 44,603 002 Other Than Personal Services . . . . . . . . 46,186 48,686 26,020 22,666 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 15 206,895 216,895 149,626 67,269 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 486 BROOKLYN COMMUNITY BOARD # 16 001 Personal Services . . . . . . . . . . . . . . . . . . 203,873 191,895 151,519 40,376 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 3,022 25,000 24,446 554 003 Rent and Energy . . . . . . . . . . . . . . . . . . 38,186 74,313 32,578 41,735 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 41,208 99,313 57,024 42,289 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 16 245,081 291,208 208,543 82,665 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (15,565) 15,565 __________________________ __________________________ __________________________ __________________________ Net Total Brooklyn Community
Board # 16 . . . . . . . . . . . . . . . . . . . . . 245,081 291,208 192,978 98,230 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 487 BROOKLYN COMMUNITY BOARD # 17 001 Personal Services . . . . . . . . . . . . . . . . . . 193,108 203,108 197,659 5,449 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 13,787 28,687 27,968 719 003 Rent and Energy . . . . . . . . . . . . . . . . . . 95,175 81,090 81,088 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 108,962 109,777 109,056 721 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 17 302,070 312,885 306,715 6,170 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 488 BROOKLYN COMMUNITY BOARD # 18 001 Personal Services . . . . . . . . . . . . . . . . . . 176,333 194,333 192,032 2,301 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 30,562 22,562 21,163 1,399
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
286
(Continued)
488 BROOKLYN COMMUNITY BOARD # 18 (cont.) Other Than Personal Services—(cont.) 003 Rent and Energy . . . . . . . . . . . . . . . . . . $ 2 $ 2 $ — $ 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 30,564 22,564 21,163 1,401 __________________________ __________________________ __________________________ __________________________ Total Brooklyn Community Board # 18 206,897 216,897 213,195 3,702 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 491 STATEN ISLAND COMMUNITY BOARD # 1 001 Personal Services . . . . . . . . . . . . . . . . . . 193,883 202,083 189,168 12,915 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 13,012 14,812 13,396 1,416 003 Rent and Energy . . . . . . . . . . . . . . . . . . 58,976 58,976 52,589 6,387 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 71,988 73,788 65,985 7,803 __________________________ __________________________ __________________________ __________________________ Total Staten Island Community Board # 1 265,871 275,871 255,153 20,718 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 492 STATEN ISLAND COMMUNITY BOARD # 2 001 Personal Services . . . . . . . . . . . . . . . . . . 187,834 197,834 167,047 30,787 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 19,061 19,061 11,534 7,527 003 Rent and Energy . . . . . . . . . . . . . . . . . . 45,002 45,002 45,000 2 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 64,063 64,063 56,534 7,529 __________________________ __________________________ __________________________ __________________________ Total Staten Island Community Board # 2 251,897 261,897 223,581 38,316 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 493 STATEN ISLAND COMMUNITY BOARD # 3 001 Personal Services . . . . . . . . . . . . . . . . . . 196,382 200,931 199,175 1,756 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Other Than Personal Services . . . . . . . . 10,513 15,964 15,030 934 003 Rent and Energy . . . . . . . . . . . . . . . . . . 90,267 117,708 94,061 23,647 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 100,780 133,672 109,091 24,581 __________________________ __________________________ __________________________ __________________________ Total Staten Island Community Board # 3 297,162 334,603 308,266 26,337 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 781 DEPARTMENT OF PROBATION Personal Services— 001 Executive Management . . . . . . . . . . . . . 7,762,446 8,384,942 6,935,685 1,449,257 002 Probation Services . . . . . . . . . . . . . . . . . 56,400,455 60,611,074 56,334,040 4,277,034 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 64,162,901 68,996,016 63,269,725 5,726,291 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 003 Probation Services . . . . . . . . . . . . . . . . . 25,658,273 28,326,272 26,634,651 1,691,621 004 Executive Management . . . . . . . . . . . . . 125,553 125,553 37,975 87,578 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 25,783,826 28,451,825 26,672,626 1,779,199 __________________________ __________________________ __________________________ __________________________ 89,946,727 97,447,841 89,942,351 7,505,490 Intracity Sales . . . . . . . . . . . . . . . . . . . . (5,931,690) (13,511,185) (11,224,823) (2,286,362) __________________________ __________________________ __________________________ __________________________ Total Department of Probation . . . . . . . 84,015,037 83,936,656 78,717,528 5,219,128 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (244,566) 244,566 __________________________ __________________________ __________________________ __________________________ Net Total Department of Probation . . . . 84,015,037 83,936,656 78,472,962 5,463,694 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
287
(Continued)
801 DEPARTMENT OF SMALL BUSINESS SERVICES Personal Services— 001 Department of Business . . . . . . . . . . . . $ 12,088,973 $ 14,350,420 $ 13,220,943 $ 1,129,477 004 Contract Compliance and Business
Opportunity . . . . . . . . . . . . . . . . . . . . 1,837,271 1,958,204 1,937,033 21,171 010 Workforce Investment Act . . . . . . . . . . . 4,135,003 4,758,248 4,467,907 290,341 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 18,061,247 21,066,872 19,625,883 1,440,989 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Department of Business . . . . . . . . . . . . 43,229,375 102,013,846 93,157,640 8,856,206 005 Contract Compliance and Business
Opportunity . . . . . . . . . . . . . . . . . . . . 2,295,731 2,203,731 1,777,984 425,747 006 Economic Development Corporation . . 40,069,521 128,465,120 104,945,159 23,519,961 011 Workforce Investment Act . . . . . . . . . . . 43,006,191 60,316,335 53,951,782 6,364,553 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 128,600,818 292,999,032 253,832,565 39,166,467 __________________________ __________________________ __________________________ __________________________ 146,662,065 314,065,904 273,458,448 40,607,456 Intracity Sales . . . . . . . . . . . . . . . . . . . . (509,855) (41,808,496) (40,296,444) (1,512,052) __________________________ __________________________ __________________________ __________________________ Total Department of Small Business
Services . . . . . . . . . . . . . . . . . . . . . . . 146,152,210 272,257,408 233,162,004 39,095,404 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (1,351,269) 1,351,269 __________________________ __________________________ __________________________ __________________________ Net Total Department of Small
Business Services . . . . . . . . . . . . . . . . 146,152,210 272,257,408 231,810,735 40,446,673 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 806 HOUSING PRESERVATION AND DEVELOPMENT Personal Services— 001 Office of Administration . . . . . . . . . . . . 26,433,880 29,700,034 28,654,543 1,045,491 002 Office of Development . . . . . . . . . . . . . 20,645,360 23,996,317 22,815,580 1,180,737 004 Office of Housing Preservation . . . . . . . 56,843,159 61,733,303 57,820,047 3,913,256 006 Housing Maintenance and Sales . . . . . . 33,315,975 34,305,139 32,349,650 1,955,489 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 137,238,374 149,734,793 141,639,820 8,094,973 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 008 Office of Administration . . . . . . . . . . . . 9,047,062 9,268,641 8,876,169 392,472 009 Office of Development . . . . . . . . . . . . . 331,212,155 521,505,054 502,045,508 19,459,546 010 Housing Management and Sales . . . . . . 18,090,450 16,781,660 12,638,706 4,142,954 011 Office of Housing Preservation . . . . . . . 59,736,329 68,254,452 53,203,213 15,051,239 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 418,085,996 615,809,807 576,763,596 39,046,211 __________________________ __________________________ __________________________ __________________________ 555,324,370 765,544,600 718,403,416 47,141,184 Interfund Agreements . . . . . . . . . . . . . . (16,672,884) (16,794,605) (15,755,547) (1,039,058) Intracity Sales . . . . . . . . . . . . . . . . . . . . (1,968,003) (2,650,596) (2,391,324) (259,272) __________________________ __________________________ __________________________ __________________________ Total Housing Preservation and
Development . . . . . . . . . . . . . . . . . . . 536,683,483 746,099,399 700,256,545 45,842,854 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (1,247,642) 1,247,642 __________________________ __________________________ __________________________ __________________________ Net Total Housing Preservation and
Development . . . . . . . . . . . . . . . . . . . 536,683,483 746,099,399 699,008,903 47,090,496 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
288
(Continued)
810 DEPARTMENT OF BUILDINGS 001 Personal Services . . . . . . . . . . . . . . . . . . $ 86,264,022 $ 88,189,661 $ 88,164,204 $ 25,457 002 Other Than Personal Services . . . . . . . . 22,031,134 20,744,772 20,509,204 235,568 __________________________ __________________________ __________________________ __________________________ 108,295,156 108,934,433 108,673,408 261,025 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (271,309) (175,113) (96,196) __________________________ __________________________ __________________________ __________________________ Total Department of Buildings . . . . . . . 108,295,156 108,663,124 108,498,295 164,829 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (733,645) 733,645 __________________________ __________________________ __________________________ __________________________ Net Total Department of Buildings . . . . 108,295,156 108,663,124 107,764,650 898,474 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 816 DEPARTMENT OF HEALTH AND MENTAL HYGIENE Personal Services— 101 Health Administration . . . . . . . . . . . . . . 36,736,467 44,827,114 43,629,559 1,197,555 102 Disease Control and Epidemiology . . . . 79,038,922 78,993,392 77,761,058 1,232,334 103 Health Promotion and Disease
Prevention . . . . . . . . . . . . . . . . . . . . . 84,608,226 90,587,877 92,917,819 (2,329,942) 104 Environmental Health Services . . . . . . . 53,084,708 52,452,756 51,765,434 687,322 106 Office of Chief Medical Examiner . . . . 45,858,140 48,988,530 47,103,811 1,884,719 107 Health Care Access and Improvement . 15,786,206 23,605,037 22,903,095 701,942 108 Mental Hygiene Management Services . 44,925,720 43,615,530 40,245,259 3,370,271 109 Epidemiology . . . . . . . . . . . . . . . . . . . . 9,889,535 13,765,583 13,636,688 128,895 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 369,927,924 396,835,819 389,962,723 6,873,096 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 111 Health Administration . . . . . . . . . . . . . . 84,487,919 104,579,017 103,082,319 1,496,698 112 Disease Control and Epidemiology . . . . 167,112,882 172,798,877 172,755,193 43,684 113 Health Promotion and Disease
Prevention . . . . . . . . . . . . . . . . . . . . . 37,957,353 47,938,665 46,683,424 1,255,241 114 Environmental Health Services . . . . . . . 30,001,256 29,251,257 29,248,258 2,999 116 Office of Chief Medical Examiner . . . . 17,781,278 19,902,870 19,435,586 467,284 117 Health Care Access and Improvement . 157,050,092 179,654,749 179,133,098 521,651 118 Mental Hygiene Management Services . 9,453,057 9,810,996 9,706,198 104,798 119 Epidemiology . . . . . . . . . . . . . . . . . . . . 3,632,433 5,488,343 5,328,984 159,359 120 Mental Health Services . . . . . . . . . . . . . 235,638,594 238,613,940 236,930,978 1,682,962 121 Mental Retardation and Developmental
Disabilities Services . . . . . . . . . . . . . . 217,903,540 230,947,790 229,631,825 1,315,965 122 Chemical Dependency and Health
Promotion . . . . . . . . . . . . . . . . . . . . . 69,494,704 73,974,177 73,648,234 325,943 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . 1,030,513,108 1,112,960,681 1,105,584,097 7,376,584 __________________________ __________________________ __________________________ __________________________ 1,400,441,032 1,509,796,500 1,495,546,820 14,249,680 Intracity Sales . . . . . . . . . . . . . . . . . . . . (3,069,060) (23,264,006) (22,657,092) (606,914) __________________________ __________________________ __________________________ __________________________ Total Department of Health and
Mental Hygiene . . . . . . . . . . . . . . . . . 1,397,371,972 1,486,532,494 1,472,889,728 13,642,766 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (2,770,678) 2,770,678 __________________________ __________________________ __________________________ __________________________ Net Total Department of Health and
Mental Hygiene . . . . . . . . . . . . . . . . . 1,397,371,972 1,486,532,494 1,470,119,050 16,413,444 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
289
(Continued)
819 HEALTH AND HOSPITALS CORPORATION 001 Lump Sum . . . . . . . . . . . . . . . . . . . . . . . $ 179,238,351 $ 336,757,169 $ 335,141,349 $ 1,615,820 Intracity Sales . . . . . . . . . . . . . . . . . . . . (98,089,171) (99,509,419) (96,882,717) (2,626,702) __________________________ __________________________ __________________________ __________________________ Total Health and Hospitals Corporation 81,149,180 237,247,750 238,258,632 (1,010,882) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 820 OFFICE OF ADMINISTRATIVE TRIALS AND HEARINGS 001 Personal Services . . . . . . . . . . . . . . . . . . 27,715,716 29,811,545 27,230,718 2,580,827 002 Other Than Personal Services . . . . . . . . 7,819,390 7,850,972 7,140,569 710,403 __________________________ __________________________ __________________________ __________________________ Total Office of Administrative
Trials and Hearings . . . . . . . . . . . . . . 35,535,106 37,662,517 34,371,287 3,291,230 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (9,645) 9,645 __________________________ __________________________ __________________________ __________________________ Net Total Office of Administrative
Trials and Hearings . . . . . . . . . . . . . . 35,535,106 37,662,517 34,361,642 3,300,875 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 826 DEPARTMENT OF ENVIRONMENTAL PROTECTION Personal Services— 001 Executive and Support . . . . . . . . . . . . . . 30,061,037 31,431,365 30,948,257 483,108 002 Environmental Management . . . . . . . . . 14,053,318 24,183,342 23,250,747 932,595 003 Water Supply and Wastewater
Collection . . . . . . . . . . . . . . . . . . . . . . 170,970,934 178,113,962 178,113,961 1 007 Central Utility . . . . . . . . . . . . . . . . . . . . 73,433,631 74,275,586 74,196,594 78,992 008 Wastewater Treatment . . . . . . . . . . . . . . 166,102,574 170,706,967 170,706,966 1 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 454,621,494 478,711,222 477,216,525 1,494,697 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 004 Utility . . . . . . . . . . . . . . . . . . . . . . . . . . 631,298,025 672,050,536 577,654,430 94,396,106 005 Environmental Management . . . . . . . . . 16,686,389 118,456,316 105,484,035 12,972,281 006 Executive and Support . . . . . . . . . . . . . . 64,806,131 64,389,789 55,698,875 8,690,914 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 712,790,545 854,896,641 738,837,340 116,059,301 __________________________ __________________________ __________________________ __________________________ 1,167,412,039 1,333,607,863 1,216,053,865 117,553,998 Interfund Agreements . . . . . . . . . . . . . . (61,917,846) (64,357,310) (69,820,027) 5,462,717 Intracity Sales . . . . . . . . . . . . . . . . . . . . (1,206,854) (1,588,696) (1,468,129) (120,567) __________________________ __________________________ __________________________ __________________________ Total Department of Environmental
Protection . . . . . . . . . . . . . . . . . . . . . . 1,104,287,339 1,267,661,857 1,144,765,709 122,896,148 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (72,008,597) 72,008,597 __________________________ __________________________ __________________________ __________________________ Net Total Department of Environmental
Protection . . . . . . . . . . . . . . . . . . . . . . 1,104,287,339 1,267,661,857 1,072,757,112 194,904,745 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 827 DEPARTMENT OF SANITATION Personal Services— 101 Executive Administrative . . . . . . . . . . . . 68,437,632 68,825,102 66,068,141 2,756,961 102 Cleaning and Collection . . . . . . . . . . . . 643,235,090 650,731,307 650,497,429 233,878 103 Waste Disposal . . . . . . . . . . . . . . . . . . . 27,299,896 25,759,355 18,658,698 7,100,657 104 Building Management . . . . . . . . . . . . . . 21,015,957 20,271,145 18,957,539 1,313,606 105 Bureau of Motor Equipment . . . . . . . . . 63,419,399 60,704,790 60,658,234 46,556 107 Snow Budget . . . . . . . . . . . . . . . . . . . . . 35,387,750 71,939,301 71,927,842 11,459 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 858,795,724 898,231,000 886,767,883 11,463,117 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
290
(Continued)
827 DEPARTMENT OF SANITATION—(cont.) Other Than Personal Services— 106 Executive and Administrative . . . . . . . . $ 103,666,418 $ 93,924,680 $ 88,864,697 $ 5,059,983 109 Cleaning and Collection . . . . . . . . . . . . 44,366,668 53,477,600 49,155,622 4,321,978 110 Waste Disposal . . . . . . . . . . . . . . . . . . . 426,213,624 377,157,630 372,017,161 5,140,469 111 Building Management . . . . . . . . . . . . . . 4,358,045 4,764,930 4,722,904 42,026 112 Motor Equipment . . . . . . . . . . . . . . . . . 25,465,650 31,419,010 31,191,868 227,142 113 Snow Budget . . . . . . . . . . . . . . . . . . . . . 24,794,835 45,303,118 44,691,478 611,640 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 628,865,240 606,046,968 590,643,730 15,403,238 __________________________ __________________________ __________________________ __________________________ 1,487,660,964 1,504,277,968 1,477,411,613 26,866,355 Interfund Agreements . . . . . . . . . . . . . . (4,346,306) (4,520,757) (4,520,757) — Intracity Sales . . . . . . . . . . . . . . . . . . . . (2,963,262) (3,338,636) (2,782,331) (556,305) __________________________ __________________________ __________________________ __________________________ Total Department of Sanitation . . . . . . . 1,480,351,396 1,496,418,575 1,470,108,525 26,310,050 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (2,531,110) 2,531,110 __________________________ __________________________ __________________________ __________________________ Net Total Department of Sanitation . . . . 1,480,351,396 1,496,418,575 1,467,577,415 28,841,160 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 829 BUSINESS INTEGRITY COMMISSION 001 Personal Services . . . . . . . . . . . . . . . . . . 5,074,832 5,304,428 5,004,058 300,370 002 Other Than Personal Services . . . . . . . . 1,934,623 3,124,105 3,061,338 62,767 __________________________ __________________________ __________________________ __________________________ Total Business Integrity Commission . . 7,009,455 8,428,533 8,065,396 363,137 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 836 DEPARTMENT OF FINANCE Personal Services— 001 Administration and Planning . . . . . . . . . 40,972,835 39,747,950 39,525,576 222,374 002 Operations . . . . . . . . . . . . . . . . . . . . . . . 28,693,461 27,710,811 27,236,068 474,743 003 Property . . . . . . . . . . . . . . . . . . . . . . . . . 19,715,336 19,235,342 19,018,667 216,675 004 Audit . . . . . . . . . . . . . . . . . . . . . . . . . . 23,316,728 24,348,199 23,768,539 579,660 005 Legal . . . . . . . . . . . . . . . . . . . . . . . . . . 5,345,407 5,781,020 5,751,276 29,744 007 Parking Violations Bureau . . . . . . . . . . . 8,790,192 9,086,359 8,847,447 238,912 009 City Sheriff . . . . . . . . . . . . . . . . . . . . . . 19,049,785 17,502,671 17,127,704 374,967 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 145,883,744 143,412,352 141,275,277 2,137,075 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 011 Administration . . . . . . . . . . . . . . . . . . . . 53,323,106 57,899,707 54,309,446 3,590,261 022 Operations . . . . . . . . . . . . . . . . . . . . . . . 32,303,421 36,101,075 33,133,689 2,967,386 033 Property . . . . . . . . . . . . . . . . . . . . . . . . . 2,399,470 2,390,910 2,154,438 236,472 044 Audit . . . . . . . . . . . . . . . . . . . . . . . . . . 1,292,640 1,288,375 950,735 337,640 055 Legal . . . . . . . . . . . . . . . . . . . . . . . . . . 82,790 82,290 68,237 14,053 077 Parking Violations Bureau . . . . . . . . . . . 1,453,198 1,477,198 1,223,625 253,573 099 City Sheriff . . . . . . . . . . . . . . . . . . . . . . 12,623,283 20,123,283 18,639,853 1,483,430 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 103,477,908 119,362,838 110,480,023 8,882,815 __________________________ __________________________ __________________________ __________________________ 249,361,652 262,775,190 251,755,300 11,019,890 Intracity Sales . . . . . . . . . . . . . . . . . . . . (4,431,393) (4,710,546) (4,676,718) (33,828) __________________________ __________________________ __________________________ __________________________ Total Department of Finance . . . . . . . . . 244,930,259 258,064,644 247,078,582 10,986,062 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (12,055,716) 12,055,716 __________________________ __________________________ __________________________ __________________________ Net Total Department of Finance . . . . . 244,930,259 258,064,644 235,022,866 23,041,778 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
291
(Continued)
841 DEPARTMENT OF TRANSPORTATION Personal Services— 001 Executive Administration and
Planning Management . . . . . . . . . . . . $ 42,087,708 $ 48,676,163 $ 48,608,829 $ 67,334 002 Highway Operations . . . . . . . . . . . . . . . 121,559,034 143,783,920 143,772,226 11,694 003 Transit Operations . . . . . . . . . . . . . . . . . 55,692,830 57,788,039 57,566,215 221,824 004 Traffic Operations . . . . . . . . . . . . . . . . . 83,993,107 97,335,517 94,277,601 3,057,916 006 Bureau of Bridges . . . . . . . . . . . . . . . . . 67,179,371 68,656,110 68,590,962 65,148 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 370,512,050 416,239,749 412,815,833 3,423,916 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 007 Bureau of Bridges . . . . . . . . . . . . . . . . . 26,216,397 27,437,172 22,318,124 5,119,048 011 Executive Administration and
Planning Management . . . . . . . . . . . . 44,637,320 56,255,195 53,774,262 2,480,933 012 Highway Operations . . . . . . . . . . . . . . . 85,688,019 123,045,892 95,904,111 27,141,781 013 Transit Operations . . . . . . . . . . . . . . . . . 46,779,363 53,511,672 51,237,772 2,273,900 014 Traffic Operations . . . . . . . . . . . . . . . . . 258,003,649 259,792,360 248,945,806 10,846,554 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 461,324,748 520,042,291 472,180,075 47,862,216 __________________________ __________________________ __________________________ __________________________ 831,836,798 936,282,040 884,995,908 51,286,132 Interfund Agreements . . . . . . . . . . . . . . (173,110,553) (177,158,803) (177,158,802) (1) Intracity Sales . . . . . . . . . . . . . . . . . . . . (2,771,573) (5,062,687) (4,723,358) (339,329) __________________________ __________________________ __________________________ __________________________ Total Department of Transportation . . . 655,954,672 754,060,550 703,113,748 50,946,802 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (11,199,894) 11,199,894 __________________________ __________________________ __________________________ __________________________ Net Total Department of
Transportation . . . . . . . . . . . . . . . . . . 655,954,672 754,060,550 691,913,854 62,146,696 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 846 DEPARTMENT OF PARKS AND RECREATION Personal Services— 001 Executive Management and
Administrative Services . . . . . . . . . . . 8,046,186 8,205,333 8,196,948 8,385 002 Maintenance and Operations . . . . . . . . . 240,696,192 280,637,154 268,746,281 11,890,873 003 Design and Engineering . . . . . . . . . . . . 38,984,854 39,040,083 39,040,083 — 004 Recreation Services . . . . . . . . . . . . . . . . 24,105,675 26,329,476 26,329,216 260 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 311,832,907 354,212,046 342,312,528 11,899,518 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 006 Maintenance and Operations . . . . . . . . . 71,330,286 131,577,507 124,541,522 7,035,985 007 Executive Management and
Administrative Services . . . . . . . . . . . 25,918,816 24,607,862 23,727,201 880,661 009 Recreation Services . . . . . . . . . . . . . . . . 1,525,906 1,649,580 1,594,839 54,741 010 Design and Engineering . . . . . . . . . . . . 2,411,478 4,181,281 4,092,361 88,920 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 101,186,486 162,016,230 153,955,923 8,060,307 __________________________ __________________________ __________________________ __________________________ 413,019,393 516,228,276 496,268,451 19,959,825 Interfund Agreements . . . . . . . . . . . . . . (41,396,332) (41,941,196) (41,595,309) (345,887) Intracity Sales . . . . . . . . . . . . . . . . . . . . (42,638,732) (57,571,656) (52,976,842) (4,594,814) __________________________ __________________________ __________________________ __________________________ Total Department of Parks
and Recreation . . . . . . . . . . . . . . . . . . 328,984,329 416,715,424 401,696,300 15,019,124 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (3,761,022) 3,761,022 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
292
(Continued)
846 DEPARTMENT OF PARKS AND RECREATION (cont.) Net Total Department of Parks
and Recreation . . . . . . . . . . . . . . . . . . $ 328,984,329 $ 416,715,424 $ 397,935,278 $ 18,780,146 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 850 DEPARTMENT OF DESIGN AND CONSTRUCTION 001 Personal Services . . . . . . . . . . . . . . . . . . 98,801,095 97,374,609 96,878,642 495,967 002 Other Than Personal Services . . . . . . . . 22,430,757 139,735,776 63,399,935 76,335,841 __________________________ __________________________ __________________________ __________________________ 121,231,852 237,110,385 160,278,577 76,831,808 Interfund Agreements . . . . . . . . . . . . . . (114,409,340) (111,828,482) (109,602,257) (2,226,225) Intracity Sales . . . . . . . . . . . . . . . . . . . . — (2,263,291) (2,221,342) (41,949) __________________________ __________________________ __________________________ __________________________ Total Department of Design and
Construction . . . . . . . . . . . . . . . . . . . . 6,822,512 123,018,612 48,454,978 74,563,634 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (88,465) 88,465 __________________________ __________________________ __________________________ __________________________ Net Total Department of Design and
Construction . . . . . . . . . . . . . . . . . . . . 6,822,512 123,018,612 48,366,513 74,652,099 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 856 DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES Personal Services— 001 Division of Citywide Personnel Services 22,706,899 23,654,114 22,221,105 1,433,009 005 Board of Standards and Appeals . . . . . . 1,813,978 1,860,764 1,672,223 188,541 100 Executive and Support Services . . . . . . 18,171,125 18,806,034 18,783,663 22,371 200 Division of Administration and Security 5,361,204 9,108,906 9,108,906 — 300 Division of Facilities Management
and Construction . . . . . . . . . . . . . . . . 82,040,345 85,152,561 83,721,450 1,431,111 400 Division of Municipal Supply Services . 10,304,965 10,436,455 10,069,820 366,635 500 Division of Real Estate Services . . . . . . — 6,182 5,966 216 600 Communications . . . . . . . . . . . . . . . . . . 1,064,398 1,504,702 1,403,462 101,240 700 Division of Energy Conservation . . . . . 3,135,352 3,447,072 2,930,798 516,274 800 Citywide Fleet Services . . . . . . . . . . . . . 2,478,286 2,550,469 2,548,059 2,410 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 147,076,552 156,527,259 152,465,452 4,061,807 __________________________ __________________________ __________________________ __________________________ Other Than Personal Services— 002 Division of Citywide Personnel Services 6,413,120 9,313,680 6,121,763 3,191,917 006 Board of Standards and Appeals . . . . . . 573,136 683,203 320,441 362,762 190 Executive and Support Services . . . . . . 10,066,554 10,744,117 9,732,788 1,011,329 290 Division of Administration and Security 14,634,767 15,090,820 15,045,564 45,256 390 Division of Facilities Management and
Construction . . . . . . . . . . . . . . . . . . . . 913,904,547 900,333,166 883,207,502 17,125,664 490 Division of Municipal Supply Services . 26,813,645 31,667,279 29,216,883 2,450,396 690 Communications . . . . . . . . . . . . . . . . . . 822,097 1,241,678 1,077,137 164,541 790 Division of Energy Conservation . . . . . 20,147,587 32,096,804 26,718,356 5,378,448 890 Citywide Fleet Services . . . . . . . . . . . . . 11,651,147 34,954,534 33,876,582 1,077,952 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . . 1,005,026,600 1,036,125,281 1,005,317,016 30,808,265 __________________________ __________________________ __________________________ __________________________ 1,152,103,152 1,192,652,540 1,157,782,468 34,870,072 Interfund Agreements . . . . . . . . . . . . . . (1,549,119) (714,958) (694,779) (20,179) Intracity Sales . . . . . . . . . . . . . . . . . . . . (773,211,183) (785,160,696) (754,805,500) (30,355,196) __________________________ __________________________ __________________________ __________________________ Total Department of Citywide
Administrative Services . . . . . . . . . . . 377,342,850 406,776,886 402,282,189 4,494,697
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
293
(Continued)
856 DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES (cont.)
Net Change in Estimates of Prior Payables . . . . . . . . . . . . . . . . . . $ — $ — $ (11,536,870) $ 11,536,870 __________________________ __________________________ __________________________ __________________________
Net Total Department of Citywide Administrative Services . . . . . . . . . . . 377,342,850 406,776,886 390,745,319 16,031,567 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
858 DEPARTMENT OF INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS 001 Personal Services . . . . . . . . . . . . . . . . . . 104,898,451 105,291,458 98,851,416 6,440,042 002 Other Than Personal Services . . . . . . . . 382,639,569 415,294,336 392,864,504 22,429,832 __________________________ __________________________ __________________________ __________________________ 487,538,020 520,585,794 491,715,920 28,869,874 Interfund Agreements . . . . . . . . . . . . . . (4,704,350) (3,207,011) (3,057,107) (149,904) Intracity Sales . . . . . . . . . . . . . . . . . . . . (119,050,048) (142,110,618) (140,944,610) (1,166,008) __________________________ __________________________ __________________________ __________________________ Total Department of Information
Technology and Telecommunications 363,783,622 375,268,165 347,714,203 27,553,962 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (26,453,908) 26,453,908 __________________________ __________________________ __________________________ __________________________ Net Total Department of Information
Technology and Telecommunications 363,783,622 375,268,165 321,260,295 54,007,870 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 860 DEPARTMENT OF RECORDS AND INFORMATION SERVICES 100 Personal Services . . . . . . . . . . . . . . . . . . 2,152,095 2,813,929 2,751,648 62,281 200 Other Than Personal Services . . . . . . . . 3,108,056 3,610,619 3,500,177 110,442 __________________________ __________________________ __________________________ __________________________ 5,260,151 6,424,548 6,251,825 172,723 Intracity Sales . . . . . . . . . . . . . . . . . . . . (209,669) (404,714) (229,145) (175,569) __________________________ __________________________ __________________________ __________________________ Total Department of Records and
Information Services . . . . . . . . . . . . . 5,050,482 6,019,834 6,022,680 (2,846) Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (63) 63 __________________________ __________________________ __________________________ __________________________ Net Total Department of Records and
Information Services . . . . . . . . . . . . . 5,050,482 6,019,834 6,022,617 (2,783) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 866 DEPARTMENT OF CONSUMER AFFAIRS Personal Services— 001 Administration . . . . . . . . . . . . . . . . . . . . 6,438,261 7,002,678 7,002,678 — 002 Licensing and Enforcement . . . . . . . . . . 14,008,164 14,354,428 12,848,238 1,506,190 004 Adjudication . . . . . . . . . . . . . . . . . . . . . 3,029,846 3,220,170 2,450,671 769,499 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . . . 23,476,271 24,577,276 22,301,587 2,275,689 __________________________ __________________________ __________________________ __________________________ 003 Other Than Personal Services . . . . . . . . 12,071,498 15,793,417 15,133,070 660,347 __________________________ __________________________ __________________________ __________________________ 35,547,769 40,370,693 37,434,657 2,936,036 Intracity Sales . . . . . . . . . . . . . . . . . . . . (1,921,391) (2,146,641) (2,123,974) (22,667) __________________________ __________________________ __________________________ __________________________ Total Department of Consumer Affairs . 33,626,378 38,224,052 35,310,683 2,913,369 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (1,119,224) 1,119,224 __________________________ __________________________ __________________________ __________________________ Net Total Department of
Consumer Affairs . . . . . . . . . . . . . . . . 33,626,378 38,224,052 34,191,459 4,032,593 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
294
(Continued)
901 DISTRICT ATTORNEY—NEW YORK COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . $ 84,940,766 $ 99,670,025 $ 99,653,377 $ 16,648 002 Other Than Personal Services . . . . . . . . 7,600,267 8,630,719 7,967,767 662,952 __________________________ __________________________ __________________________ __________________________ 92,541,033 108,300,744 107,621,144 679,600 Intracity Sales . . . . . . . . . . . . . . . . . . . . (1,263,558) (1,217,117) (1,217,094) (23) __________________________ __________________________ __________________________ __________________________ Total District Attorney—
New York County . . . . . . . . . . . . . . . . 91,277,475 107,083,627 106,404,050 679,577 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 902 DISTRICT ATTORNEY—BRONX COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 51,898,590 58,006,336 58,006,335 1 002 Other Than Personal Services . . . . . . . . 2,704,547 3,035,641 2,982,480 53,161 __________________________ __________________________ __________________________ __________________________ 54,603,137 61,041,977 60,988,815 53,162 Intracity Sales . . . . . . . . . . . . . . . . . . . . (953,919) (963,294) (963,275) (19) __________________________ __________________________ __________________________ __________________________ Total District Attorney—Bronx County 53,649,218 60,078,683 60,025,540 53,143 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 903 DISTRICT ATTORNEY—KINGS COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 70,329,118 76,903,585 76,400,941 502,644 002 Other Than Personal Services . . . . . . . . 17,654,296 18,160,055 17,664,294 495,761 __________________________ __________________________ __________________________ __________________________ 87,983,414 95,063,640 94,065,235 998,405 Intracity Sales . . . . . . . . . . . . . . . . . . . . — (828,807) (828,128) (679) __________________________ __________________________ __________________________ __________________________ Total District Attorney—Kings County . 87,983,414 94,234,833 93,237,107 997,726 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (15,781) 15,781 __________________________ __________________________ __________________________ __________________________ Net Total District Attorney—
Kings County . . . . . . . . . . . . . . . . . . . 87,983,414 94,234,833 93,221,326 1,013,507 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 904 DISTRICT ATTORNEY—QUEENS COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 43,805,238 50,632,556 50,632,555 1 002 Other Than Personal Services . . . . . . . . 7,464,906 7,588,613 6,320,419 1,268,194 __________________________ __________________________ __________________________ __________________________ 51,270,144 58,221,169 56,952,974 1,268,195 Intracity Sales . . . . . . . . . . . . . . . . . . . . (176,476) (185,851) (183,579) (2,272) __________________________ __________________________ __________________________ __________________________ Total District Attorney—Queens County 51,093,668 58,035,318 56,769,395 1,265,923 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 905 DISTRICT ATTORNEY—RICHMOND COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 7,729,163 8,697,655 8,676,991 20,664 002 Other Than Personal Services . . . . . . . . 1,778,450 1,927,265 1,624,786 302,479 __________________________ __________________________ __________________________ __________________________ 9,507,613 10,624,920 10,301,777 323,143 Intracity Sales . . . . . . . . . . . . . . . . . . . . (221,862) (231,237) — (231,237) __________________________ __________________________ __________________________ __________________________ Total District Attorney—
Richmond County . . . . . . . . . . . . . . . 9,285,751 10,393,683 10,301,777 91,906 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 906 OFFICE OF PROSECUTION—SPECIAL NARCOTICS 001 Personal Services . . . . . . . . . . . . . . . . . . 17,862,246 18,622,455 18,622,455 — 002 Other Than Personal Services . . . . . . . . 483,669 583,669 583,657 12 __________________________ __________________________ __________________________ __________________________ Total Office of Prosecution—
Special Narcotics . . . . . . . . . . . . . . . . 18,345,915 19,206,124 19,206,112 12 Net Change in Estimates of
Prior Payables . . . . . . . . . . . . . . . . . . — — (951) 951 __________________________ __________________________ __________________________ __________________________ Net Total Office of Prosecution—
Special Narcotics . . . . . . . . . . . . . . . . 18,345,915 19,206,124 19,205,161 963 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
295
(Continued)
941 PUBLIC ADMINISTRATOR—NEW YORK COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . $ 669,630 $ 645,195 $ 619,077 $ 26,118 002 Other Than Personal Services . . . . . . . . 901,472 940,157 884,478 55,679 __________________________ __________________________ __________________________ __________________________ Total Public Administrator—
New York County . . . . . . . . . . . . . . . . 1,571,102 1,585,352 1,503,555 81,797 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 942 PUBLIC ADMINISTRATOR—BRONX COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 548,868 567,465 539,849 27,616 002 Other Than Personal Services . . . . . . . . 74,577 76,150 62,972 13,178 __________________________ __________________________ __________________________ __________________________ Total Public Administrator—
Bronx County . . . . . . . . . . . . . . . . . . . 623,445 643,615 602,821 40,794 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 943 PUBLIC ADMINISTRATOR—KINGS COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 615,962 635,820 614,028 21,792 002 Other Than Personal Services . . . . . . . . 71,632 67,662 26,568 41,094 __________________________ __________________________ __________________________ __________________________ Total Public Administrator—
Kings County . . . . . . . . . . . . . . . . . . . 687,594 703,482 640,596 62,886 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 944 PUBLIC ADMINISTRATOR—QUEENS COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 522,215 544,040 471,975 72,065 002 Other Than Personal Services . . . . . . . . 15,713 15,713 12,011 3,702 __________________________ __________________________ __________________________ __________________________ Total Public Administrator—
Queens County . . . . . . . . . . . . . . . . . . 537,928 559,753 483,986 75,767 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ 945 PUBLIC ADMINISTRATOR—RICHMOND COUNTY 001 Personal Services . . . . . . . . . . . . . . . . . . 405,861 432,768 438,997 (6,229) 002 Other Than Personal Services . . . . . . . . 41,914 38,024 38,022 2 __________________________ __________________________ __________________________ __________________________ Total Public Administrator—
Richmond County . . . . . . . . . . . . . . . 447,775 470,792 477,019 (6,227) __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ Total Expenditures and Transfers vs.
Budget by Unit of Appropriation Within Agency . . . . . . . . . . . . . . . . . . $74,494,187,086 $79,593,205,379 $ 78,030,209,241 $ 1,562,996,138 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G5 (Cont.)
Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
Actual Better (Worse) Unit of Appropriation Budget Expenditures Than Modified __________________________________________________________________________ Within Agency Adopted Modified and Transfers Budget _________________________ _________________________________ _________________________________ _________________________________ _________________________________
296
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
297
(Continued)
PERSONAL SERVICES: Full-Time Salaried— 001 Full-Year Positions . . . . . . . . . . . . . . . $ 5,791,566,707 $ 6,033,864,910 $ 5,779,996,976 $ 5,542,608,416 002 New Positions . . . . . . . . . . . . . . . . . . — 7,398 — — 004 Full-Time Uniformed Personnel . . . . 4,709,513,278 4,716,681,806 4,688,553,038 4,667,732,046 005 Full-Time Pedagogical Personnel . . . 8,110,189,168 8,317,715,067 8,208,352,795 7,854,449,003 095 Payroll Refunds . . . . . . . . . . . . . . . . . — 2,262 (19,540,579) (29,058,332) __________________________ __________________________ __________________________ __________________________ Total Full-Time Salaried . . . . . . . . . . 18,611,269,153 19,068,271,443 18,657,362,230 18,035,731,133 __________________________ __________________________ __________________________ __________________________ Other Salaried— 021 Part-Time Positions . . . . . . . . . . . . . . 21,053,361 21,181,983 21,625,964 21,109,204 022 Seasonal Positions . . . . . . . . . . . . . . . 68,277,226 97,997,769 86,544,076 82,668,950 __________________________ __________________________ __________________________ __________________________ Total Other Salaried . . . . . . . . . . . . . . 89,330,587 119,179,752 108,170,040 103,778,154 __________________________ __________________________ __________________________ __________________________ Unsalaried— 031 Hourly Positions . . . . . . . . . . . . . . . . 831,297,245 872,171,611 974,236,915 911,065,458 035 Custodial Allowances . . . . . . . . . . . . 383,894,591 425,857,936 429,911,344 392,864,953 039 Health Club Reimbursement . . . . . . . — 909,318 908,853 999,383 __________________________ __________________________ __________________________ __________________________ Total Unsalaried . . . . . . . . . . . . . . . . . 1,215,191,836 1,298,938,865 1,405,057,112 1,304,929,794 __________________________ __________________________ __________________________ __________________________ Additional Gross Pay— 040 Educational and License Differential . . 2,121,952 2,140,443 2,582,691 2,554,775 041 Assignment Differential . . . . . . . . . . . 123,256,096 125,285,254 134,634,206 140,359,255 042 Longevity Differential . . . . . . . . . . . . 381,299,350 407,425,114 434,826,165 439,421,537 043 Shift Differential . . . . . . . . . . . . . . . . 227,643,759 233,876,267 241,164,425 239,972,754 044 Salary Differential in Excess of
Maximum . . . . . . . . . . . . . . . . . . . . 4,003 — — — 045 Holiday Pay . . . . . . . . . . . . . . . . . . . . 212,767,540 216,081,236 222,251,767 224,567,415 046 Terminal Leave . . . . . . . . . . . . . . . . . 32,090,964 39,194,513 49,448,920 49,782,969 047 Overtime . . . . . . . . . . . . . . . . . . . . . . 281,624,564 357,282,856 470,036,228 424,442,904 048 Overtime—Uniformed Forces . . . . . . 820,035,561 1,136,673,664 1,190,320,919 1,015,168,414 049 Backpay . . . . . . . . . . . . . . . . . . . . . . . 6,442,466 24,787,531 174,231,117 63,900,640 050 Payments to Beneficiaries of Deceased
Employees . . . . . . . . . . . . . . . . . . . 1,109,146 1,198,846 573,195 323,399 052 Severance Payments . . . . . . . . . . . . . . 197,701 197,701 2,384,401 — 054 Salary Review Adjustments . . . . . . . . 420,544 417,694 — — 055 Salary Adjustments—Labor Reserve . . 999,125,652 561,732,124 620,993,081 1,784,625,651 056 Early Retirement—Terminal Leave . . 1,492,902 178,392 — 258 057 Bonus Payments . . . . . . . . . . . . . . . . . 451,495 447,495 187,632 110,304,059 058 Non-Pensionable Preparation Period . . 22,923,000 22,923,000 13,068,197 11,572,367 059 Payment of Deferred Wages . . . . . . . — — (2,397) — 060 Interest on Deferred Wages / Late
Wage Adjustments . . . . . . . . . . . . . 1,375,501 1,375,501 5 6,487 061 Supper Money . . . . . . . . . . . . . . . . . . 1,380,767 2,675,608 3,118,878 2,882,443 091 Payments Per Session . . . . . . . . . . . . 365,477,920 390,621,345 311,350,996 308,646,513 099 Additional Gross (& Fringes)
Holding Code . . . . . . . . . . . . . . . . . 338,512 129,289 — — __________________________ __________________________ __________________________ __________________________ Total Additional Gross Pay . . . . . . . . 3,481,579,395 3,524,643,873 3,871,170,426 4,818,531,840 __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
298
(Continued)
PERSONAL SERVICES: (cont.) Amounts to be Scheduled— 051 Salary Adjustments . . . . . . . . . . . . . . $ 5,987,575 $ 8,372,207 $ — $ — 053 Other Than Salary Adjustments . . . . . 259,365,030 14,082,164 6,363 6,704 __________________________ __________________________ __________________________ __________________________ Total Amounts to be Scheduled . . . . . 265,352,605 22,454,371 6,363 6,704 __________________________ __________________________ __________________________ __________________________ Miscellaneous Expense— 090 Unrecoverable Payroll Expense . . . . . — 6,779 6,778 — __________________________ __________________________ __________________________ __________________________ Total Miscellaneous Expense . . . . . . . — 6,779 6,778 — __________________________ __________________________ __________________________ __________________________ Fringe Benefits— Fringe Benefits—Pensions: 070 Actuarial Pension Costs . . . . . . . . . . . 33,836,203 27,836,201 26,742,041 23,804,139 071 Non-Actuarial Pension Costs . . . . . . . 50,000 50,000 — — 072 New York City Employees’
Retirement System Contingent Reserve Fund . . . . . . . . . . . . . . . . . 1,669,828,040 1,757,057,484 1,757,057,484 1,728,085,737
075 Supplemental Pension Fund . . . . . . . 63,617,273 64,617,273 62,377,692 59,711,544 076 Cultural Institutions Pension Fund . . 21,629,376 16,629,376 16,462,597 16,012,388 077 Teachers’ Retirement System
Pension Fund Reserve No. 2 . . . . . 29,777,133 30,546,848 30,546,848 27,814,696 079 Teachers’ Retirement System
Contingent Reserve Fund . . . . . . . . 3,016,790,553 3,150,317,735 3,150,317,734 2,889,155,093 080 Teachers’ Insurance Annuity
Association—College Retirement Equities Fund . . . . . . . . . . . . . . . . . 28,729,480 26,529,480 25,164,574 23,986,749
082 Police Actuarial Pension Fund . . . . . . 2,243,916,371 2,309,618,694 2,309,618,694 2,320,909,885 083 Fire Actuarial Pension Fund . . . . . . . 961,728,257 988,783,932 988,783,932 969,955,923 084 Department of Education Retirement
System . . . . . . . . . . . . . . . . . . . . . . 226,139,782 249,252,547 249,252,547 205,928,275 094 Additional Pension Accrual . . . . . . . . 298,955,256 70,000,000 — — __________________________ __________________________ __________________________ __________________________ Total Fringe Benefits—Pensions . . . . 8,594,997,724 8,691,239,570 8,616,324,143 8,265,364,429 __________________________ __________________________ __________________________ __________________________ Fringe Benefits—Other: 062 Health Insurance Plan City
Employees . . . . . . . . . . . . . . . . . . . 5,303,047,196 6,215,696,802 6,057,555,142 6,242,474,636 063 Disability Benefits Insurance . . . . . . . 615,975 615,975 104,569 185,573 064 Allowance for Uniforms . . . . . . . . . . 70,567,483 68,571,770 67,876,494 67,901,605 065 Social Security Contributions . . . . . . 1,735,437,255 1,753,793,317 1,770,389,689 1,550,579,182 066 Unemployment Insurance . . . . . . . . . 44,857,815 37,374,394 27,392,048 40,341,401 067 Supplemental Employee Welfare
Benefits . . . . . . . . . . . . . . . . . . . . . 1,077,473,831 1,064,207,167 970,408,953 912,820,459 068 Faculty Welfare Benefits . . . . . . . . . . 11,594,023 11,594,023 10,953,770 13,345,546 081 Department of Education—
Contribution Annuity . . . . . . . . . . . 112,810,545 112,192,892 108,942,069 110,948,106 085 Awards / Expenses—Workers’
Compensation . . . . . . . . . . . . . . . . . 261,275,630 243,253,929 241,979,245 184,380,874 086 Workers’ Compensation—Other . . . . 45,900,000 40,739,413 38,702,717 39,747,034
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
299
(Continued)
PERSONAL SERVICES: (cont.) Fringe Benefits—(cont.) Fringe Benefits—Other (cont.) 089 Fringe Benefits—Other . . . . . . . . . . . $ 5,408,615 $ 36,646,836 $ — $ 1,892 __________________________ __________________________ __________________________ __________________________ Total Fringe Benefits—Other . . . . . . 8,668,988,368 9,584,686,518 9,294,304,696 9,162,726,308 __________________________ __________________________ __________________________ __________________________ Total Fringe Benefits . . . . . . . . . . . . . 17,263,986,092 18,275,926,088 17,910,628,839 17,428,090,737 __________________________ __________________________ __________________________ __________________________ Total Personal Services . . . . . . . . . . . 40,926,709,668 42,309,421,171 41,952,401,788 41,691,068,362 __________________________ __________________________ __________________________ __________________________ OTHER THAN PERSONAL SERVICES: Supplies and Materials— 100 Supplies and Materials—General . . . 662,194,114 629,009,761 553,590,517 508,540,532 101 Printing Supplies . . . . . . . . . . . . . . . . 2,877,352 2,882,027 2,297,649 2,788,714 105 Automotive Supplies and Materials . . 47,146,423 73,001,738 71,476,312 58,342,919 106 Motor Vehicle Fuel . . . . . . . . . . . . . . 116,103,751 89,525,913 86,749,292 109,909,282 107 Medical, Surgical and Laboratory
Supplies . . . . . . . . . . . . . . . . . . . . . 18,453,210 18,063,906 16,604,321 18,669,996 109 Fuel Oil . . . . . . . . . . . . . . . . . . . . . . . 132,311,311 100,369,790 94,885,983 142,935,846 110 Food and Forage Supplies . . . . . . . . . 237,849,648 228,940,295 226,162,176 206,765,274 117 Postage . . . . . . . . . . . . . . . . . . . . . . . . 23,915,006 34,010,573 33,163,763 35,698,501 130 Instructional Supplies . . . . . . . . . . . . 1,237,146 1,178,396 — (376) 132 Expenditures Relative to
Commissaries . . . . . . . . . . . . . . . . . 8,411,000 8,410,000 7,132,785 7,885,679 133 Expenditures Relative to
Manufacturing Industries . . . . . . . . 1,342,305 1,512,305 1,256,286 1,231,236 169 Maintenance Supplies . . . . . . . . . . . . 23,935,341 40,906,248 37,157,383 33,286,870 170 Cleaning Supplies . . . . . . . . . . . . . . . 1,040,118 1,143,132 918,180 1,079,656 199 Data Processing Supplies . . . . . . . . . . 71,242,154 79,773,248 80,411,345 70,362,607 __________________________ __________________________ __________________________ __________________________ Total Supplies and Materials . . . . . . . 1,348,058,879 1,308,727,332 1,211,805,992 1,197,496,736 __________________________ __________________________ __________________________ __________________________ Property and Equipment— 300 Equipment—General . . . . . . . . . . . . . 116,224,946 167,250,583 183,985,719 160,417,208 302 Telecommunications Equipment . . . . 4,290,979 7,536,841 6,549,743 6,136,306 304 Motor Vehicle Equipment . . . . . . . . . 27,500 111,945 109,191 234,472 305 Motor Vehicles . . . . . . . . . . . . . . . . . . 53,017,890 82,496,138 78,058,778 83,877,149 307 Medical, Surgical and Laboratory
Equipment . . . . . . . . . . . . . . . . . . . 1,972,118 3,722,137 3,484,329 2,949,647 312 Improvements Other Than Buildings . . — 10,000 8,959 — 314 Office Furniture . . . . . . . . . . . . . . . . . 7,827,179 18,367,088 15,874,465 20,276,803 315 Office Equipment . . . . . . . . . . . . . . . . 3,049,214 6,711,820 5,905,880 4,286,526 319 Security Equipment . . . . . . . . . . . . . . 1,891,822 3,382,748 2,133,370 2,886,083 330 Instructional Equipment . . . . . . . . . . . 172,091 187,426 45,739 6,130 332 Purchases of Data Processing
Equipment . . . . . . . . . . . . . . . . . . . 22,391,734 49,101,077 45,447,808 30,141,408 337 Books—Other . . . . . . . . . . . . . . . . . . 121,346,588 112,870,702 112,931,253 158,222,529 338 Library Books . . . . . . . . . . . . . . . . . . 21,561,754 21,271,461 13,646,109 11,451,471 369 Food Service Equipment . . . . . . . . . . — 32,353 3,653 — __________________________ __________________________ __________________________ __________________________ Total Property and Equipment . . . . . . 353,773,815 473,052,319 468,184,996 480,885,732 __________________________ __________________________ __________________________ __________________________ Other Services and Charges— 400 Other Services and Charges—
General . . . . . . . . . . . . . . . . . . . . . . 357,342,808 646,851,349 610,730,065 425,981,812 402 Telephone and Other
Communications . . . . . . . . . . . . . . 176,004,162 209,504,600 174,484,293 235,491,894
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
300
(Continued)
OTHER THAN PERSONAL SERVICES: (cont.) Other Services and Charges—(cont.) 403 Office Services . . . . . . . . . . . . . . . . . . $ 8,103,372 $ 9,965,410 $ 8,802,373 $ 8,326,762 404 Traveling Expenses . . . . . . . . . . . . . . 60,397 15,546 12,638 3,887 406 Professional Services—Contractual . . 380,000 29,185 29,184 34,077 407 Maintenance and Repairs—Motor
Vehicle Equipment . . . . . . . . . . . . . 152,167 57,407 8,225 28,994 408 Maintenance Repairs—General . . . . . — 50,293 50,292 47,216 412 Rentals—Miscellaneous Equipment . . 30,744,484 42,778,215 34,023,069 34,320,814 413 Rentals—Data Processing
Equipment . . . . . . . . . . . . . . . . . . . 1,191,213 1,719,392 1,430,253 1,016,262 414 Rentals—Land, Buildings and
Structures . . . . . . . . . . . . . . . . . . . . 955,431,511 965,622,900 904,810,467 784,789,416 415 Printing Contracts . . . . . . . . . . . . . . . 100,895 275,018 267,798 529,112 417 Advertising . . . . . . . . . . . . . . . . . . . . 14,669,332 48,521,987 46,374,342 25,924,132 423 Heat, Light and Power . . . . . . . . . . . . 795,801,360 763,781,331 750,177,705 805,022,711 427 Data Processing Services . . . . . . . . . . 148,136 763,787 453,087 514,894 428 Installment Purchases—Office
Equipment . . . . . . . . . . . . . . . . . . . 11,000 — — — 431 Leasing of Miscellaneous Equipment . . 6,210,260 2,299,724 1,646,897 1,551,968 432 Leasing of Data Processing
Equipment . . . . . . . . . . . . . . . . . . . 153,212 614,889 529,971 343,144 451 Non Overnight Travel Expenditures—
General . . . . . . . . . . . . . . . . . . . . . . 20,322,576 24,082,516 25,579,122 21,199,764 452 Non Overnight Travel Expenditures—
Special . . . . . . . . . . . . . . . . . . . . . . 1,818,008 3,101,062 2,524,414 7,906,671 453 Overnight Travel Expenditures—
General . . . . . . . . . . . . . . . . . . . . . . 5,407,721 6,465,319 5,586,667 5,960,173 454 Overnight Travel Expenditures—
Special . . . . . . . . . . . . . . . . . . . . . . 2,501,898 5,229,974 4,277,188 3,700,142 456 Higher Education—Student
Assistance . . . . . . . . . . . . . . . . . . . . 936,743 2,280,600 1,768,692 2,121,912 460 Special Expenditures . . . . . . . . . . . . . 146,740,550 221,693,119 217,865,634 144,136,023 464 Court Costs During Phased Takeover
by State of New York . . . . . . . . . . . 100,000 — — — 465 Obligatory County Expenditures . . . . 97,342,405 104,909,492 82,810,499 103,418,026 470 Payments to State Division of Youth . . 59,752,237 26,767,737 51,062,237 64,245,889 473 Snow Removal Services . . . . . . . . . . 2,950,963 6,613,887 6,212,515 10,020,567 490 Special Services . . . . . . . . . . . . . . . . . 51,678 2,742,785 2,703,258 180,250 493 Financial Assistance—College
Students . . . . . . . . . . . . . . . . . . . . . 2,613,796 5,012,277 4,818,361 2,524,201 494 Payments for Students Attending
Community Colleges Outside the City . . . . . . . . . . . . . . . . . . . . . . 35,765,000 18,707,078 12,203,347 18,844,768
496 Allowances to Participants . . . . . . . . . 895,941 779,247 746,620 814,959 499 Other Expenditures—General . . . . . . 1,172,598,710 661,666,462 746,137,264 525,278,856 __________________________ __________________________ __________________________ __________________________ Total Other Services and Charges . . . 3,896,302,535 3,782,902,588 3,698,126,477 3,234,279,296 __________________________ __________________________ __________________________ __________________________ Social Services— 500 Social Services—General . . . . . . . . . 1,446,876 1,932,743 1,157,546 783,799 501 Charitable Institutions—Hospitals . . . 71,566 1,753 (75,336) 89,159
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
301
(Continued)
OTHER THAN PERSONAL SERVICES: (cont.) Social Services—(cont.) 502 Children’s Charitable Institutions . . . $ — $ 25,715 $ 25,714 $ — 503 Child Welfare Services . . . . . . . . . . . — 175,000 279,525 — 504 Direct Foster Care of Children . . . . . . 98,210,091 103,234,795 106,816,542 103,286,207 505 Subsidized Adoption . . . . . . . . . . . . . 317,482,494 277,789,295 236,600,786 296,928,890 509 Non-Grant Charges . . . . . . . . . . . . . . 60,253,346 86,934,643 68,027,225 44,463,952 510 Homeless Family Services . . . . . . . . . 66,443,428 66,499,244 65,128,938 62,397,616 511 AIDS Services . . . . . . . . . . . . . . . . . . 14,713,288 35,583,288 34,795,570 29,366,202 512 Employment Services . . . . . . . . . . . . 41,645,678 40,329,451 39,921,212 39,179,037 513 Home Energy Assistance Program . . — 39,562,916 38,408,790 36,455,675 514 Aid to Dependent Children . . . . . . . . 766,456,068 800,961,969 791,897,360 735,600,408 515 Payments for Tuberculosis
Treatment . . . . . . . . . . . . . . . . . . . . 67,257 67,257 67,257 53,645 516 Payments for Home Relief . . . . . . . . . 652,770,137 668,495,516 695,643,526 593,455,032 518 Medical Assistance . . . . . . . . . . . . . . 6,157,994,645 6,158,380,957 6,302,764,900 6,416,953,669 519 Children’s Voluntary Agency
Medicaid . . . . . . . . . . . . . . . . . . . . . 25,161,870 25,161,870 21,519,233 21,111,313 532 Mental Health Services—Health and
Hospitals Corporation . . . . . . . . . . 3,004,278 — — — 543 Special Educational Facilities for the
Institutionalized and Foster Care . . 47,719,264 48,719,264 45,710,546 45,575,300 552 Day Care of Children . . . . . . . . . . . . . 5,507 5,507 — — 571 Donations to Patients, Inmates and
Discharged Prisoners . . . . . . . . . . . 3,692,230 4,380,964 4,250,004 3,909,576 __________________________ __________________________ __________________________ __________________________ Total Social Services . . . . . . . . . . . . . 8,257,138,023 8,358,242,147 8,452,939,338 8,429,609,480 __________________________ __________________________ __________________________ __________________________ Contractual Services— 600 Contractual Services—General . . . . . 628,110,532 847,015,145 705,109,789 641,783,227 602 Telecommunications Maintenance—
Contractual . . . . . . . . . . . . . . . . . . . 51,082,947 46,560,835 47,130,079 62,414,303 607 Maintenance and Repairs—Motor
Vehicle Equipment—Contractual . . 13,575,042 21,241,960 19,890,912 18,312,822 608 Maintenance and Repairs—
General—Contractual . . . . . . . . . . 144,355,740 164,986,143 138,408,252 140,310,060 612 Office Equipment Maintenance—
Contractual . . . . . . . . . . . . . . . . . . . 13,783,375 11,897,882 8,272,967 7,251,697 613 Data Processing Equipment
Maintenance—Contractual . . . . . . 224,738,125 240,249,790 220,117,371 218,623,086 615 Printing Services—Contractual . . . . . 31,228,500 31,697,272 28,697,521 35,274,111 616 Community Consultants—
Contractual . . . . . . . . . . . . . . . . . . . 21,847,877 26,153,888 24,116,594 24,279,846 617 Payments to Counterparties—
Contractual . . . . . . . . . . . . . . . . . . . 65,506,227 30,038,331 30,038,330 31,901,641 618 Financing Costs—Contractual . . . . . . 94,599,836 71,589,808 63,396,053 96,720,378 619 Security Services—Contractual . . . . . 119,274,222 141,979,946 150,660,190 141,180,345 620 Municipal Waste Export—
Contractual . . . . . . . . . . . . . . . . . . . 350,096,255 310,919,596 310,266,167 299,807,978 622 Temporary Services—Contractual . . . 38,646,142 52,260,313 56,776,880 52,813,768 624 Cleaning Services—Contractual . . . . 24,541,359 29,780,096 28,122,408 31,431,271 626 Investment Costs—Contractual . . . . . 13,484,026 13,559,026 13,507,396 10,474,719
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
302
(Continued)
OTHER THAN PERSONAL SERVICES: (cont.) Contractual Services—(cont.) 629 In-Rem Maintenance Costs—
Contractual . . . . . . . . . . . . . . . . . . . $ 1,670,736 $ 497,559 $ 453,477 $ 439,466 633 Transportation Services—
Contractual . . . . . . . . . . . . . . . . . . . 13,461,827 18,773,852 15,585,685 13,724,953 640 Social Services—General—
Contractual . . . . . . . . . . . . . . . . . . . — 72,869,312 73,317,288 13,178,403 641 Protective Services for Adults—
Contractual . . . . . . . . . . . . . . . . . . . 19,261,733 18,742,781 17,145,095 16,706,722 642 Children’s Charitable Institutions—
Contractual . . . . . . . . . . . . . . . . . . . 452,676,102 432,696,253 425,820,625 436,503,555 643 Child Welfare Services—Contractual 211,744,403 235,884,569 210,076,528 215,450,138 647 Home Care Services—Contractual . . 263,392,280 90,903,328 25,146,909 31,253,684 648 Homemaking Services—Contractual . . 18,485,761 21,527,447 14,927,360 13,898,549 649 Non-Grant Charges—Contractual . . . 11,042,234 12,265,547 9,678,335 11,238,280 650 Homeless Family Services—
Contractual . . . . . . . . . . . . . . . . . . . 475,241,114 639,528,256 633,237,379 515,607,103 651 AIDS Services—Contractual . . . . . . . 259,540,879 227,496,557 221,617,621 220,451,561 652 Day Care of Children—Contractual . . 780,501,238 823,466,907 809,321,384 762,052,094 653 Head Start—Contractual . . . . . . . . . . 217,188,983 156,173,148 156,126,289 175,315,783 655 Mental Hygiene Services—
Contractual . . . . . . . . . . . . . . . . . . . 441,674,070 466,971,023 466,539,764 442,440,981 657 Hospitals Contracts—Contractual . . . 154,210,232 154,185,041 154,098,957 142,840,868 658 Veterinary Services—Contractual . . . 12,720,801 13,108,266 13,107,650 12,342,876 659 Homeless Individual Services—
Contractual . . . . . . . . . . . . . . . . . . . 317,746,770 363,308,365 357,174,948 320,160,193 660 Economic Development—Contractual 26,468,439 94,450,808 78,548,439 64,951,680 662 Employment Services—Contractual . . 141,347,014 148,778,128 131,985,902 134,130,742 665 Legal Aid Society—Contractual . . . . 105,848,780 101,913,330 101,234,418 102,399,557 667 Payments to Cultural Institutions—
Contractual . . . . . . . . . . . . . . . . . . . 48,651,827 52,519,849 52,433,294 43,417,374 668 Bus Transportation for Reimbursable
Programs—Contractual . . . . . . . . . 53,111 53,111 — — 669 Transportation of Pupils—
Contractual . . . . . . . . . . . . . . . . . . . 1,116,710,832 1,083,152,530 1,031,872,027 1,046,747,220 670 Payments to Contract Schools and
Corporate Schools for Handicapped Children—Contractual . . . . . . . . . . 2,627,230,239 2,593,736,149 2,380,042,600 1,749,847,288
671 Training Program for City Employees—Contractual . . . . . . . . 15,957,543 24,658,145 17,939,610 12,397,092
676 Maintenance and Operation of Infrastructure—Contractual . . . . . . 262,603,887 329,969,472 329,787,802 238,420,226
678 Payments to Delegate Agencies— Contractual . . . . . . . . . . . . . . . . . . . 421,828,585 443,478,222 420,336,866 384,789,178
681 Professional Services—Accounting, Auditing and Actuarial Services— Contractual . . . . . . . . . . . . . . . . . . . 27,470,031 21,733,758 19,240,901 20,382,265
682 Professional Services—Legal Services—Contractual . . . . . . . . . . 118,553,054 124,857,116 124,124,813 107,967,216
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
303
(Continued)
OTHER THAN PERSONAL SERVICES: (cont.) Contractual Services—(cont.) 683 Professional Services—Engineering
and Architectural Services— Contractual . . . . . . . . . . . . . . . . . . . $ 8,757,121 $ 23,233,517 $ 19,332,297 $ 16,652,032
684 Professional Services—Computer Services—Contractual . . . . . . . . . . 104,595,932 130,310,054 129,046,635 114,573,879
685 Professional Services—Direct Educational Services to Students— Contractual . . . . . . . . . . . . . . . . . . . 842,663,728 817,002,814 622,144,082 309,791,291
686 Professional Services—Other— Contractual . . . . . . . . . . . . . . . . . . . 254,538,208 345,450,453 333,876,731 285,454,033
688 Bank Charges—Public Assistance Accounts—Contractual . . . . . . . . . 278,267 374,922 220,600 295,433
689 Professional Services—Curriculum and Professional Development— Contractual . . . . . . . . . . . . . . . . . . . 100,956,281 100,261,294 101,078,971 95,188,327
695 Educational and Recreational Expenditures for Youth Programs— Contractual . . . . . . . . . . . . . . . . . . . 268,848,440 382,353,192 375,224,403 239,246,529 __________________________ __________________________ __________________________ __________________________
Total Contractual Services . . . . . . . . . 11,978,790,687 12,606,615,106 11,716,356,594 10,122,835,823 __________________________ __________________________ __________________________ __________________________ Fixed and Miscellaneous Charges— 700 Fixed Charges—General . . . . . . . . . . 201,149,974 169,839,138 161,860,275 156,777,734 701 Taxes and Licenses . . . . . . . . . . . . . . 164,290,835 166,173,503 160,489,957 158,223,007 702 Payments to Staten Island Rapid
Transit Operating Authority . . . . . . 30,030,000 33,353,000 33,353,000 30,030,000 703 Advance to State of New York for
CUNY Senior College Expenditures 67,275,000 67,275,000 32,275,000 32,275,000 704 Payments for Surety Bonds and
Insurance Premiums . . . . . . . . . . . . 30,231,766 29,721,412 5,014,552 50,828,407 706 Prompt Payments Interest . . . . . . . . . 36,500 6,944 4,057 20,605 707 Crime Prevention Injury Award . . . . . 150,000 150,000 49,589 45,311 708 Awards to Widows or Other
Dependents of the NYC Uniformed Forces Killed in the Performance of Duty . . . . . . . . . . . . . . . . . . . . . . 670,000 670,000 617,124 65,514
709 Awards to Beneficiaries of City Employees Other Than Uniformed Forces Killed in the Performance of Duty . . . . . . . . . . . . . . . . . . . . . . 25,000 25,000 — —
712 Health Insurance—Libraries/Cultural Institutions . . . . . . . . . . . . . . . . . . . 1,681,519 — (687,468) 2,861,502
713 MTA Payroll Tax . . . . . . . . . . . . . . . . 44,321,077 47,133,495 46,783,690 39,927,459 714 Payments to New York City Health
and Hospitals Corporation . . . . . . . 177,904,486 331,299,582 329,827,254 259,490,078 715 Payments to Cultural Institutions . . . . 62,399,117 72,834,943 72,782,309 65,272,674 716 Payments to Libraries . . . . . . . . . . . . 285,673,664 300,426,270 299,180,094 224,667,609 717 Pensions—Head Start . . . . . . . . . . . . — — (395,249) — 718 Payments for Special Schooling—
Handicapped Children . . . . . . . . . . 16,137,130 16,137,130 17,962,880 14,632,330
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
304
(Continued)
OTHER THAN PERSONAL SERVICES: (cont.) Fixed and Miscellaneous Charges—(cont.) 719 Judgments and Claims . . . . . . . . . . . . $ 674,862,322 $ 680,359,975 $ 677,872,211 $ 729,680,587 724 Job Training Partnership Act—
Wages . . . . . . . . . . . . . . . . . . . . . . . 20,053,995 49,492,466 48,988,683 35,159,701 725 Job Training Partnership Act—
Fringe Benefits . . . . . . . . . . . . . . . . 1,733,567 4,080,364 3,909,116 2,806,094 730 Tuition Payments for Out-of-City
Foster Care . . . . . . . . . . . . . . . . . . . 28,777,745 28,633,560 575,488 2,081,619 731 Health Service Charges for
Out-of-City Care . . . . . . . . . . . . . . 2,390,161 2,390,161 119,480 (2,473,977) 732 Miscellaneous Awards . . . . . . . . . . . . 638,093 3,990,672 3,905,817 1,213,981 735 Payments for Cultural Programs/
Services . . . . . . . . . . . . . . . . . . . . . 90,240 394,999 42,627 86,718 736 Payments for Water/Sewer Usage . . . 109,871,326 113,393,919 113,223,593 105,829,698 739 Pollution Remediation Cost . . . . . . . . — 328,768,147 254,620,084 313,727,467 740 Payments to Property Owners . . . . . . — 73,574,295 73,564,699 5,856,739 741 Payments to Contractors . . . . . . . . . . — 727,444 727,444 — 745 IRT Relief/LIRR Grade Crossings/
Roosevelt Island . . . . . . . . . . . . . . . 160,000 160,000 118,807 166,230 758 Federal Section 8 Rent Subsidy . . . . . 320,473,657 453,926,957 441,337,967 435,101,045 760 Reduced Fares for the Elderly . . . . . . 15,517,600 14,651,741 14,651,741 14,665,859 762 Subsidy to Private Bus Companies . . . — — — 1,651,595 763 Payments to the MTA for
Maintenance of Stations . . . . . . . . . 93,413,057 92,000,613 92,000,613 90,855,829 767 TA Operating Assistance—18B . . . . . 158,672,000 158,672,000 158,672,000 158,672,000 770 Payments to New York City Housing
Authority . . . . . . . . . . . . . . . . . . . . 17,629,025 78,992,708 78,992,707 62,392,884 771 Payments to Military and
Other Units . . . . . . . . . . . . . . . . . . . 39,322 43,740 23,205 19,680 772 New York City Transit Authority—
Reduced Fares for Schoolchildren . . 45,135,001 90,135,001 90,000,065 43,709,444 773 Private Bus Companies—Reduced
Fares for Schoolchildren . . . . . . . . 15,450,338 15,450,338 4,555,982 18,229,257 776 Payments to Metropolitan
Transportation Authority . . . . . . . . 308,654,384 454,346,536 454,346,534 402,624,094 778 Payments to Private Bus Companies . . 69,066,357 — — — 780 Campaign Finances . . . . . . . . . . . . . . 1,000,000 1,000,000 1,000,000 38,200,000 782 Unallocated Contingency Reserve . . . 750,000,000 20,000,000 — — 790 Transfers to Other Funds . . . . . . . . . . 100,000 — — — 791 Tuition Payments to Other School
Districts . . . . . . . . . . . . . . . . . . . . . 3,076,050 3,826,050 4,265,536 2,856,137 793 Payments to Fashion Institute of
Technology . . . . . . . . . . . . . . . . . . . 45,558,631 45,603,939 45,603,939 45,373,631 794 Training Program for City
Employees . . . . . . . . . . . . . . . . . . . 202,718 244,635 142,308 62,983 796 Sales Tax Revenues Allocated
to OSDC . . . . . . . . . . . . . . . . . . . . . 5,000,000 4,458,178 4,458,177 3,911,069
OTHER THAN PERSONAL SERVICES: (cont.) Fixed and Miscellaneous Charges—(cont.) 797 Sales Tax Revenues Allocated
to FCB . . . . . . . . . . . . . . . . . . . . . . $ 4,000,000 $ 3,092,277 $ 3,092,276 $ 2,914,336 __________________________ __________________________ __________________________ __________________________ Total Fixed and Miscellaneous
Charges . . . . . . . . . . . . . . . . . . . . . . 3,773,541,657 3,957,456,132 3,729,928,163 3,550,491,930 __________________________ __________________________ __________________________ __________________________ Transfers for Debt Service— 810 Interest on Bonds—General . . . . . . . 2,685,692,937 5,220,935,330 5,220,679,851 4,160,019,382 830 Interest on Notes—Funded Debt . . . . 74,623,611 — — — 850 Redemption of General Obligation
Bonds—General . . . . . . . . . . . . . . . 1,342,998,891 1,905,816,016 1,905,816,016 314,785,000 870 Blended Component Units . . . . . . . . . 316,993,681 225,465,450 225,456,883 229,296,924 __________________________ __________________________ __________________________ __________________________ Total Transfers for Debt Service . . . . 4,420,309,120 7,352,216,796 7,351,952,750 4,704,101,306 __________________________ __________________________ __________________________ __________________________ Total Other Than Personal Services . . 34,027,914,716 37,839,212,420 36,629,294,310 31,719,700,303 __________________________ __________________________ __________________________ __________________________ Schedule Adjustments to
Appropriated Amounts . . . . . . . . . . 72,282,161 2,317,363 — — __________________________ __________________________ __________________________ __________________________ 75,026,906,545 80,150,950,954 78,581,696,098 73,410,768,665 Transfer to Capital Projects Fund for
Interfund Agreements . . . . . . . . . . . (532,719,459) (557,745,575) (551,486,857) (535,291,174) __________________________ __________________________ __________________________ __________________________ Total Expenditures and Transfers
by Object . . . . . . . . . . . . . . . . . . . . $ 74,494,187,086 $ 79,593,205,379 $ 78,030,209,241 $ 72,875,477,491 __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________ __________________________
Comptroller’s Report for Fiscal 2015 Part II-F—General Fund—Schedule G6 (Cont.)
Expenditures and Transfers by Object
Budget Expenditures and Transfers __________________________________________________________________________ __________________________________________________________________________ Adopted Modified 2015 2014 _________________________________ _________________________________ _________________________________ _________________________________
305
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OTHER SUPPLEMENTARY INFORMATION
CAPITAL PROJECTS FUND
GENERAL GOVERNMENT: 801 Department of Small Business Services $ 27,431,675 $ 14,870,829 $ 120,000 $ 42,422,504 856 Department of Citywide Administrative
Services . . . . . . . . . . . . . . . . . . . . . . . 3,489,892 — 68,341 3,558,233 ____________ ______________ ______________ _____________ Total—General Government . . . . . . . . . 30,921,567 14,870,829 188,341 45,980,737 ____________ ______________ ______________ _____________ PUBLIC SAFETY AND JUDICIAL: 056 Police Department . . . . . . . . . . . . . . . . . 3,671,389 — — 3,671,389 057 Fire Department . . . . . . . . . . . . . . . . . . . 14,486,237 — — 14,486,237 ____________ ______________ ______________ _____________ Total—Public Safety And Judicial . . . . . 18,157,626 — — 18,157,626 ____________ ______________ ______________ _____________ EDUCATION: 040 Department of Education . . . . . . . . . . . 78,900,000 — — 78,900,000 ____________ ______________ ______________ _____________ CITY UNIVERSITY: 042 City University of New York
Community Colleges . . . . . . . . . . . . . — 592,470 — 592,470 ____________ ______________ ______________ _____________ SOCIAL SERVICES: 068 Administration for Children’s Services . 6,483,847 15,493,490 — 21,977,337 096 Human Resources Administration . . . . . 29,175,403 16,695,165 — 45,870,568 ____________ ______________ ______________ _____________ Total—Social Services . . . . . . . . . . . . . . 35,659,250 32,188,655 — 67,847,905 ____________ ______________ ______________ _____________ ENVIRONMENTAL PROTECTION: 826 Department of Environmental Protection 311,978 31,119,164 34,029,589 65,460,731 827 Department of Sanitation . . . . . . . . . . . . 450,238 — — 450,238 ____________ ______________ ______________ _____________ Total—Environmental Protection . . . . . 762,216 31,119,164 34,029,589 65,910,969 ____________ ______________ ______________ _____________ TRANSPORTATION SERVICES: 841 Department of Transportation . . . . . . . . 244,450,769 80,351,177 30,160,438 354,962,384 ____________ ______________ ______________ _____________ PARKS, RECREATION AND CULTURAL ACTIVITIES: 126 Department of Cultural Affairs . . . . . . . 257,694 670,926 5,055,442 5,984,062 846 Department of Parks and Recreation . . . 174,263,411 13,656,099 38,629,784 226,549,294 ____________ ______________ ______________ _____________ Total—Parks, Recreation and Cultural
Activities . . . . . . . . . . . . . . . . . . . . . . 174,521,105 14,327,025 43,685,226 232,533,356 ____________ ______________ ______________ _____________ HOUSING: 806 Department of Housing Preservation
and Development . . . . . . . . . . . . . . . . 27,019,042 — — 27,019,042 ____________ ______________ ______________ _____________ HEALTH: 816 Department of Health and Mental
Hygiene . . . . . . . . . . . . . . . . . . . . . . . 145,930 4,666,494 — 4,812,424 819 Health and Hospitals Corporation . . . . . 68,896,024 307,819 — 69,203,843 ____________ ______________ ______________ _____________ Total—Health . . . . . . . . . . . . . . . . . . . . 69,041,954 4,974,313 — 74,016,267 ____________ ______________ ______________ _____________ LIBRARIES: 037 New York Public Library . . . . . . . . . . . . — — 155,434 155,434 038 Brooklyn Public Library . . . . . . . . . . . . — — 483 483 ____________ ______________ ______________ _____________ Total—Libraries . . . . . . . . . . . . . . . . . . . — — 155,917 155,917 ____________ ______________ ______________ _____________ Total Aid Revenues by Agency . . . . . . . $679,433,529 $178,423,633 $108,219,511 $966,076,673 ____________ ______________ ______________ _____________ ____________ ______________ ______________ _____________
308
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Projects Fund—Schedule CP1
Aid Revenues by Agency
Federal State Other Total ____________________________ _________________________ ___________________________ __________________________
GENERAL GOVERNMENT: 801 Department of Small Business Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 181,114,129 856 Department of Citywide Administrative Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 386,388,856 858 Department of Information Technology and Telecommunications . . . . . . . . . . . . . . . . . . . . . . . . . . . 222,164,474 _____________ Total General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 789,667,459 _____________ PUBLIC SAFETY AND JUDICIAL: 056 Police Department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172,964,788 057 Fire Department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,100,919 072 Department of Correction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,789,905 _____________ Total Public Safety and Judicial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 302,855,612 _____________ EDUCATION: 040 Department of Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,631,087,850 _____________ CITY UNIVERSITY: 042 City University of New York Senior Colleges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,160,477 Community Colleges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,047,339 _____________ Total City University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,207,816 _____________ SOCIAL SERVICES: 068 Administration for Children’s Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,390,246 071 Department of Homeless Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,989,482 096 Human Resources Administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162,325,978 125 Department for the Aging . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,235,256 _____________ Total Social Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 208,940,962 _____________ ENVIRONMENTAL PROTECTION: 826 Department of Environmental Protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,373,488,401 827 Department of Sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246,353,554 _____________ Total Environmental Protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,619,841,955 _____________ TRANSPORTATION SERVICES: 841 Department of Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 757,671,972 998 Transit Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114,742,666 _____________ Total Transportation Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 872,414,638 _____________ PARKS, RECREATION AND CULTURAL ACTIVITIES: 126 Department of Cultural Affairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189,243,360 846 Department of Parks and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 387,001,990 _____________ Total Parks, Recreation and Cultural Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 576,245,350 _____________ HOUSING: 806 Department of Housing Preservation and Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 560,549,700 _____________ HEALTH: 816 Department of Health and Mental Hygiene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,627,276 819 Health and Hospitals Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136,116,980 _____________ Total Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167,744,256 _____________ Libraries: 035 Research Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,063,739 037 New York Public Library . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,111,767 038 Brooklyn Public Library . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,801,235 039 Queens Borough Public Library . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,778,745 _____________ Total Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,755,486 _____________ Total Expenditures by Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,836,311,084 _____________ _____________
309
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Projects Fund—Schedule CP2
Expenditures by Agency
GENERAL GOVERNMENT: 801 Department of Small Business Services $ 6,730,564 $ 5,195,548 $ 244,423 $ 1,290,593 802 Department of Ports, International Trade
and Commerce . . . . . . . . . . . . . . . . . 431,830 431,830 — — 856 Department of Citywide Administrative
Services . . . . . . . . . . . . . . . . . . . . . . . 14,860,808 11,965,811 570,060 2,324,937 858 Department of Information Technology
and Telecommunications . . . . . . . . . . 3,313,032 2,633,718 240,795 438,519 866 Department of Consumer Affairs . . . . . 1,142 1,142 — — ____________ _____________ ____________ _____________ Total General Government . . . . . . . . . . 25,337,376 20,228,049 1,055,278 4,054,049 ____________ _____________ ____________ _____________ PUBLIC SAFETY AND JUDICIAL: 056 Police Department . . . . . . . . . . . . . . . . . 3,614,719 2,986,650 148,796 479,273 057 Fire Department . . . . . . . . . . . . . . . . . . . 2,901,327 2,331,854 113,935 455,538 072 Department of Correction . . . . . . . . . . . 4,640,814 3,521,457 260,619 858,738 130 Department of Juvenile Justice . . . . . . . 106,365 105,270 460 635 ____________ _____________ ____________ _____________ Total Public Safety and Judicial . . . . . . . 11,263,225 8,945,231 523,810 1,794,184 ____________ _____________ ____________ _____________ EDUCATION: 040 Department of Education . . . . . . . . . . . 47,401,728 41,608,059 3,749,719 2,043,950 ____________ _____________ ____________ _____________ CITY UNIVERSITY: 042 City University of New York Senior Colleges . . . . . . . . . . . . . . . . . 261,753 162,492 4,809 94,452 Community Colleges . . . . . . . . . . . . . 1,140,782 757,671 193,884 189,227 ____________ _____________ ____________ _____________ Total City University . . . . . . . . . . . . . . . 1,402,535 920,163 198,693 283,679 ____________ _____________ ____________ _____________ SOCIAL SERVICES: 068 Administration for Children’s Services . 267,638 174,817 6,130 86,691 071 Department of Homeless Services . . . . 530,862 451,334 23,755 55,773 096 Human Resources Administration . . . . . 1,288,441 1,166,254 38,838 83,349 125 Department for the Aging . . . . . . . . . . . 113,860 80,477 6,845 26,538 ____________ _____________ ____________ _____________ Total Social Services . . . . . . . . . . . . . . . 2,200,801 1,872,882 75,568 252,351 ____________ _____________ ____________ _____________ ENVIRONMENTAL PROTECTION: 826 Department of Environmental
Protection . . . . . . . . . . . . . . . . . . . . . 54,685,265 43,813,218 5,092,510 5,779,537 827 Department of Sanitation . . . . . . . . . . . . 7,573,534 6,490,356 605,610 477,568 ____________ _____________ ____________ _____________ Total Environmental Protection . . . . . . . 62,258,799 50,303,574 5,698,120 6,257,105 ____________ _____________ ____________ _____________ TRANSPORTATION SERVICES: 841 Department of Transportation . . . . . . . . 27,969,017 20,591,687 2,450,006 4,927,324 998 Transit Authority . . . . . . . . . . . . . . . . . . 11,337,212 10,742,638 27,044 567,530 ____________ _____________ ____________ _____________ Total Transportation Services . . . . . . . . 39,306,229 31,334,325 2,477,050 5,494,854 ____________ _____________ ____________ _____________ PARKS, RECREATION AND CULTURAL ACTIVITIES 126 Department of Cultural Affairs . . . . . . . 4,714,572 3,475,010 298,574 940,988 846 Department of Parks and Recreation . . . 10,330,512 7,952,275 843,960 1,534,277 ____________ _____________ ____________ _____________ Total Parks, Recreation and
Cultural Activities . . . . . . . . . . . . . . . 15,045,084 11,427,285 1,142,534 2,475,265 ____________ _____________ ____________ _____________
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Projects Fund—Schedule CP3
Expenditures and Commitments vs. Authorizations by Agency Through Fiscal Year 2015
Outstanding Amount Total Contract Authorized Project and Order Unencumbered for Expenditures Expenditures Commitments Balance ___________________________________ _________________________________ _______________________________ _________________________________
(in thousands)
310
(Continued)
HOUSING: 806 Department of Housing Preservation
and Development . . . . . . . . . . . . . . . . $ 14,590,952 $ 12,466,311 $ 265,807 $ 1,858,834 ____________ ______________ ____________ _____________ HEALTH: 816 Department of Health and Mental
Hygiene . . . . . . . . . . . . . . . . . . . . . . . 1,341,184 936,652 75,177 329,355 819 Health and Hospitals Corporation . . . . . 5,898,399 4,883,407 82,887 932,105 ____________ ______________ ____________ _____________ Total Health . . . . . . . . . . . . . . . . . . . . . . 7,239,583 5,820,059 158,064 1,261,460 ____________ ______________ ____________ _____________ LIBRARIES: 035 Research Libraries . . . . . . . . . . . . . . . . . 194,965 147,800 620 46,545 037 New York Public Library . . . . . . . . . . . . 733,937 419,337 24,023 290,577 038 Brooklyn Public Library . . . . . . . . . . . . 387,389 232,249 10,352 144,788 039 Queens Borough Public Library . . . . . . 457,200 282,838 46,129 128,233 ____________ ______________ ____________ _____________ Total Libraries . . . . . . . . . . . . . . . . . . . . 1,773,491 1,082,224 81,124 610,143 ____________ ______________ ____________ _____________ Total Expenditures and Commitments
vs. Authorizations by Agency Through Fiscal Year 2015 . . . . . . . . . $227,819,803 $186,008,162 $15,425,767 $ 26,385,874 ____________ ______________ ____________ _____________ ____________ ______________ ____________ _____________
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Projects Fund—Schedule CP3 (Cont.)
Expenditures and Commitments vs. Authorizations by Agency Through Fiscal Year 2015
Outstanding Amount Total Contract Authorized Project and Order Unencumbered for Expenditures Expenditures Commitments Balance ___________________________________ _________________________________ _______________________________ _________________________________
(in thousands)
311
GENERAL GOVERNMENT: Department of Small Business Services: Industrial Parks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 55,031,818 Commercial Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126,082,311 _____________ 181,114,129 _____________ Department of Citywide Administrative Services: Municipal Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144,003,149 Public Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 166,462,114 Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,738,102 Courts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,185,491 _____________ 386,388,856 _____________ Department of Information Technology and Telecommunications . . . . . . . . . . . . . . 222,164,474 _____________ Total General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 789,667,459 PUBLIC SAFETY AND JUDICIAL: Police Department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172,964,788 Fire Department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,100,919 Department of Correction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,789,905 _____________ 302,855,612 _____________ Total Public Safety and Judicial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 302,855,612 EDUCATION: Department of Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,631,087,850 _____________ 2,631,087,850 CITY UNIVERSITY: City University of New York Senior Colleges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,160,477 Community Colleges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,047,339 _____________ 70,207,816 _____________ Total City University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,207,816 SOCIAL SERVICES: Administration for Children’s Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,390,246 Department of Homeless Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,989,482 Human Resources Administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162,325,978 Department for the Aging . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,235,256 _____________ 208,940,962 _____________ Total Social Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 208,940,962 ENVIRONMENTAL PROTECTION: Department of Environmental Protection Water Supply and Distribution: Water Supply . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117,130,046 Water Mains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 488,132,539 _____________ 605,262,585 _____________ Sewage Collection and Treatment: Sewers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 287,359,837 Water Pollution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 399,642,641 _____________ 687,002,478 _____________ Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81,223,338 _____________
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Projects Fund—Schedule CP4
Expenditures by Purpose
312
(Continued)
ENVIRONMENTAL PROTECTION: (cont.) Department of Sanitation: Waste Disposal Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 74,750,571 Garages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62,270,948 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109,332,035 _____________ 246,353,554 _____________ Total Environmental Protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,619,841,955 TRANSPORTATION SERVICES: Department of Transportation: Bridges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228,916,461 Ferries and Airports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,510,209 Highway Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 380,685,321 Traffic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124,097,719 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,462,262 _____________ 757,671,972 _____________ Transit Authority: MTA Trains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,372,528 MTA Bus Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,370,138 _____________ 114,742,666 _____________ Total Transportation Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 872,414,638 PARKS, RECREATION AND CULTURAL ACTIVITIES: Department of Cultural Affairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189,243,360 Department of Parks and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 387,001,990 _____________ 576,245,350 _____________ Total Parks, Recreation and Cultural Activities . . . . . . . . . . . . . . . . . . . . 576,245,350 HOUSING: Department of Housing Preservation and Development . . . . . . . . . . . . . . . . . . . . . . 560,549,700 _____________ 560,549,700 HEALTH: Department of Health and Mental Hygiene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,627,276 Health and Hospitals Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136,116,980 _____________ 167,744,256 _____________ Total Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167,744,256 LIBRARIES: Research Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,063,739 New York Public Library . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,111,767 Brooklyn Public Library . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,801,235 Queens Borough Public Library . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,778,745 _____________ 36,755,486 _____________ Total Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,755,486 _____________ Total Expenditures by Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,836,311,084 _____________ _____________
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Projects Fund—Schedule CP4 (Cont.)
Expenditures by Purpose
313
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OTHER SUPPLEMENTARY INFORMATION
CAPITAL ASSETS USED IN THE OPERATION
OF GOVERNMENTAL FUNDS
[This page intentionally left blank]
317
2015 2014 ___________ ___________ (in thousands)
GOVERNMENTALFUNDSCAPITALASSETS: Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,907,750 $ 1,770,734 Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,081,005 30,785,462 Equipment (including software) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,601,773 2,571,387 Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,551,793 12,274,878 Construction work-in-progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,979,916 4,259,644 ___________ ___________ Total governmental funds capital assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $53,122,237 $51,662,105 ___________ ___________ ___________ ___________ INVESTMENTS IN GOVERNMENTAL FUNDS CAPITAL ASSETS BY SOURCE: Capital Projects fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $53,122,237 $51,662,105 ___________ ___________ ___________ ___________
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Assets—Schedule CA1
Capital Assets Used in the Operation of Governmental Funds by Source
318
Equipment (including Land Buildings software) Infrastructure Total ____________ _____________ _____________ _____________ ____________
(in thousands)
General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 220,557 $ 6,280,120 $2,248,104 $ 1,272,265 $10,021,046 Public Safety and Judicial . . . . . . . . . . . . . . . . . . . . . . . 32,328 4,121,279 1,719,569 263,705 6,136,881 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 448,956 36,999,710 308,501 — 37,757,167 City University Community Colleges . . . . . . . . . . . . . . 24,887 187,130 46,036 — 258,053 Social Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,599 1,089,545 279,583 — 1,378,727 Environmental Protection . . . . . . . . . . . . . . . . . . . . . . . 854,798 1,778,345 1,378,352 180,597 4,192,092 Transportation Services . . . . . . . . . . . . . . . . . . . . . . . . . 64,711 894,119 1,753,035 14,293,771 17,005,636 Parks, Recreation and Cultural Activities . . . . . . . . . . . 219,850 2,725,726 222,662 4,263,323 7,431,561 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,110 128,662 14,682 — 155,454 Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,165 1,271,719 175,182 — 1,449,066 Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,789 566,338 65,337 — 649,464 __________ __________ __________ __________ __________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,907,750 56,042,693 8,211,043 20,273,661 86,435,147 Less accumulated depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 22,961,688 5,609,270 7,721,868 36,292,826 __________ __________ __________ __________ __________ $1,907,750 $33,081,005 $2,601,773 $12,551,793 50,142,321 __________ __________ __________ __________ __________ __________ __________ __________ Construction work-in-progress . . . . . . . . . . . . . . . . . . . 2,979,916 __________ Total Capital Assets Used in the Operation of Governmental Funds by Function . . . . . . . . . . . . . . $53,122,237 __________ __________
Schedule CA3
Schedule of Changes by Function
Capital Assets Capital Assets July 1, 2014 Additions Deletions June 30, 2015 _____________ ____________ _____________ _____________
(in thousands)
General Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,105,619 $1,189,447 $ 274,020 $10,021,046 Public Safety and Judicial . . . . . . . . . . . . . . . . . . . . . . . . . 5,591,714 613,793 68,626 6,136,881 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,721,256 2,102,916 67,005 37,757,167 City University Community Colleges . . . . . . . . . . . . . . . . 259,041 12,879 13,867 258,053 Social Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,415,357 160,746 197,376 1,378,727 Environmental Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 3,519,361 737,170 64,439 4,192,092 Transportation Services . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,324,949 896,070 215,383 17,005,636 Parks, Recreation and Cultural Activities . . . . . . . . . . . . . . 7,101,378 554,373 224,190 7,431,561 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143,261 12,193 — 155,454 Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,439,566 19,875 10,375 1,449,066 Libraries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 626,094 23,383 13 649,464 Construction work-in-progress . . . . . . . . . . . . . . . . . . . . . . 4,259,644 3,577,653 4,857,381 2,979,916 __________ _________ _________ __________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,507,240 9,900,498 5,992,675 89,415,063 Less accumulated depreciation and amortization . . . . . . . . 33,845,135 3,428,753 981,062 36,292,826 __________ _________ _________ __________ Total Schedule of Changes by Function . . . . . . . . . . . . . $51,662,105 $6,471,745 $5,011,613 $53,122,237 __________ _________ _________ __________ __________ _________ _________ __________
Comptroller’s Report for Fiscal 2015 Part II-F—Capital Assets—Schedule CA2
Capital Assets Used in the Operation of Governmental Funds by Function
The City of New York
Comprehensive Annual Financial Report
of the Comptroller
STATISTICAL SECTION
Part III
This part of the Comprehensive Annual Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health. The following are the categories of the various schedules that are included in this Section:
Financial Trends Information These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.
Revenue Capacity Information These schedules contain information to help the reader assess the City’s most significant local revenue source, the property tax.
Debt Capacity Information These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future.
Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place.
Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs.
SCHEDULES OF FINANCIAL TRENDS INFORMATION
STATISTICAL SECTION
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
323
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
N et P os it io n b y C at eg or y—
T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
P ri m ar y G ov er n m en t:
N et I nv es tm en t in c ap it al
a ss et s . . . . . . . . . . . . . . . . . . . . $ (6 ,1 81 ,4 06 ) $( 7, 49 5, 89 6) $ (9 ,3 43 ,6 01 ) $ (1 0, 79 4, 37 9) $ (9 ,9 96 ,7 93 ) $( 6, 89 9, 62 3) $ (5 ,5 02 ,5 16 ) $( 3, 11 2, 43 4) $ (5 ,2 39 ,1 85 ) $( 5, 37 3, 81 3)
R es tr ic te d fo r:
C ap it al p ro je ct s . . . . . . . . . . . . 1, 20 3, 35 6 1, 83 8, 45 4 2, 50 6, 62 5 2, 72 0, 78 2 1, 25 4, 66 9 1, 88 1, 14 1 1, 66 7, 85 2 1, 93 9, 54 8 1, 41 0, 48 1 50 6, 56 4
D eb t se rv ic e . . . . . . . . . . . . . . 4 ,0 74 ,0 31 2, 58 1, 67 3 4, 75 9, 29 2 3, 91 4, 88 8 5, 40 2, 83 6 5, 00 2, 48 3 5, 42 5, 51 7 6, 98 6, 47 4 5, 38 4, 29 3 4, 74 0, 09 9
U nr es tr ic te d (d ef ic it ) . . . . . . . . . . ( 18 0, 89 1, 49 4) ( 18 8, 02 7, 41 8) ( 19 2, 66 6, 95 0) ( 12 1, 57 4, 50 0) ( 11 4, 51 5, 73 1) ( 10 8, 41 2, 40 8) ( 98 ,3 17 ,0 70 ) (9 5, 34 6, 05 2) ( 85 ,2 54 ,7 86 ) (8 0, 76 6, 66 5)
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
T ot al N et P os it io n by C at eg or y . . . . $ (1 81 ,7 95 ,5 13 )$ (1 91 ,1 03 ,1 87 )$ (1 94 ,7 44 ,6 34 )$ (1 25 ,7 33 ,2 09 )$ (1 17 ,8 55 ,0 19 )$ (1 08 ,4 28 ,4 07 ) $ (9 6, 72 6, 21 7) $ (8 9, 53 2, 46 4) $ (8 3, 69 9, 19 7) $ (8 0, 89 3, 81 5)
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
_ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
324
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C h an ge s in N et P os it io n — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
P ri m ar y G ov er n m en t:
E xp en se s:
G en er al g ov er nm en t . . . . . . . $ 5 ,4 79 ,7 62 $
4, 32 4, 14 6 $
4, 26 2, 09 2 $
4, 14 4, 13 6 $
3, 79 1, 46 2 $
4, 29 8, 06 5 $
3, 77 0, 29 1 $
3, 89 2, 96 8 $
3, 05 7, 50 3 $ 3 ,8 61 ,3 43
P ub li c sa fe ty a nd j ud ic ia l . . . 1 3, 65 1, 65 8 1 3, 61 4, 41 3 1 7, 09 5, 18 1 1 7, 07 7, 11 7 1 8, 81 5, 20 1 1 8, 29 3, 98 9 1 5, 19 8, 41 5 1 6, 25 3, 18 8 1 5, 51 0, 21 2 3 8, 10 7, 80 2
E du ca ti on . . . . . . . . . . . . . . . . 2 2, 84 3, 39 9 2 1, 80 5, 58 6 2 4, 84 2, 77 6 2 4, 95 7, 70 4 2 5, 60 4, 27 7 2 4, 74 9, 13 4 2 1, 53 4, 17 7 2 1, 59 7, 63 2 1 9, 64 5, 69 1 3 4, 56 4, 24 9
C it y U ni ve rs it y . . . . . . . . . . . 1 ,0 94 ,1 72 1, 06 5, 17 6 96 8, 57 1 95 4, 59 0 94 7, 40 2 1, 03 5, 47 1 77 9, 53 9 73 3, 16 5 67 5, 88 8 90 7, 47 2
S oc ia l se rv ic es . . . . . . . . . . . . 1 4, 51 4, 03 7 1 4, 24 8, 27 6 1 4, 30 8, 07 6 1 4, 18 1, 83 6 1 2, 89 6, 22 0 1 3, 18 3, 11 0 1 3, 07 6, 71 9 1 3, 52 9, 23 8 1 2, 08 0, 53 3 1 3, 02 5, 78 2
E nv ir on m en ta l pr ot ec ti on . . . 3, 18 8, 66 5 4, 02 2, 36 9 4, 02 9, 47 0 3, 45 6, 15 1 3, 74 4, 52 1 4, 37 4, 54 3 2, 94 7, 93 9 3, 40 6, 31 1 3, 21 8, 04 0 6, 90 6, 03 3
T ra ns po rt at io n se rv ic es . . . . . 2 ,4 60 ,7 77 2, 41 9, 64 4 2, 50 8, 15 2 2, 53 6, 84 6 2, 07 3, 16 4 2, 18 4, 07 8 2, 06 0, 04 3 1, 79 3, 39 4 1, 83 9, 84 9 2, 15 5, 18 0
P ar ks , r ec re at io n, a nd c ul tu ra l
a ct iv it ie s . . . . . . . . . . . . . . . 1, 24 9, 56 0 1, 77 1, 83 7 1, 06 2, 43 6 1, 08 6, 24 6 1, 11 9, 67 7 1, 01 2, 40 4 1, 09 1, 04 1 89 7, 36 3 78 0, 51 5 97 4, 61 0
H ou si ng . . . . . . . . . . . . . . . . . 1 ,5 74 ,2 33 1, 44 6, 61 7 1, 32 3, 24 3 1, 32 7, 67 4 1, 31 7, 72 5 1, 42 5, 94 9 1, 36 2, 96 4 1, 40 3, 83 8 1, 28 7, 18 3 1, 71 1, 95 1
H ea lt h (i nc lu di ng p ay m en ts
t o H H C ) . . . . . . . . . . . . . . . 2, 18 6, 49 3 2, 36 4, 47 5 2, 60 7, 62 5 2, 41 9, 85 7 2, 48 4, 87 6 2, 55 4, 88 1 2, 56 7, 43 4 2, 30 9, 44 9 3, 02 5, 26 8 4, 69 9, 68 6
L ib ra ri es . . . . . . . . . . . . . . . . 35 0, 47 5 29 2, 56 8 33 7, 31 5 24 3, 47 0 34 3, 39 5 24 9, 42 3 40 2, 29 9 31 0, 04 8 37 5, 45 3 30 1, 34 2
D eb t se rv ic e in te re st . . . . . . . 2, 92 9, 04 6 3, 02 5, 05 6 2, 95 5, 12 1 2, 92 9, 18 2 2, 91 1, 81 7 2, 69 0, 73 2 2, 56 5, 89 1 2, 61 5, 63 5 2, 56 0, 13 3 2, 57 3, 90 5
_ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
T ot al e xp en se s . . . . . . . . . . . . . . 71 ,5 22 ,2 77 7 0, 40 0, 16 3 7 6, 30 0, 05 8 7 5, 31 4, 80 9 7 6, 04 9, 73 7 7 6, 05 1, 77 9 6 7, 35 6, 75 2 6 8, 74 2, 22 9 6 4, 05 6, 26 8 1 09 ,7 89 ,3 55
_ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
P ro gr am R ev en ue s:
C ha rg es f or S er vi ce s:
G en er al g ov er nm en t . . . . . . 2, 13 9, 19 2 1, 07 6, 84 0 98 2, 29 5 1, 12 2, 48 1 94 3, 55 8 1, 04 4, 72 1 1, 07 2, 33 4 78 4, 02 4 71 6, 68 7 57 9, 35 6
P ub li c sa fe ty a nd j ud ic ia l . . 31 8, 31 8 62 6, 19 9 28 4, 27 4 27 9, 12 8 26 8, 67 7 26 4, 31 6 28 5, 59 8 30 2, 16 1 38 4, 84 0 25 4, 83 5
E du ca ti on . . . . . . . . . . . . . . 7 7, 57 7 8 8, 81 1 6 9, 49 7 6 8, 10 2 6 8, 25 2 6 8, 11 7 5 9, 73 1 6 9, 92 5 6 1, 05 6 6 5, 28 8
C it y U ni ve rs it y . . . . . . . . . . 38 3, 01 2 36 3, 53 8 33 6, 97 5 31 3, 90 1 27 7, 68 5 27 6, 79 2 21 9, 04 3 19 5, 70 3 19 5, 76 6 18 9, 29 3
S oc ia l se rv ic es . . . . . . . . . . 5 5, 82 7 5 4, 35 3 5 1, 36 7 4 5, 09 0 3 1, 81 2 3 2, 42 0 3 4, 41 0 3 3, 94 7 4 4, 38 8 5 4, 59 5
E nv ir on m en ta l pr ot ec ti on . . 1 ,4 83 ,4 53 1, 53 7, 53 8 1, 40 5, 63 1 1, 41 8, 32 4 1, 36 5, 13 9 1, 61 1, 10 5 1, 39 2, 94 1 1, 35 3, 61 6 1, 20 5, 44 5 1, 10 1, 56 4
T ra ns po rt at io n se rv ic es . . . 1, 04 6, 64 2 98 2, 30 4 86 0, 04 7 92 3, 11 2 87 4, 34 5 89 4, 31 6 85 9, 92 5 88 0, 84 5 80 1, 44 1 78 3, 56 3
P ar ks , r ec re at io n, a nd
c ul tu ra l ac ti vi ti es . . . . . . 9 3, 49 0 9 6, 11 7 9 2, 41 5 8 9, 63 1 6 3, 89 1 5 8, 97 2 11 0, 23 2 9 7, 45 2 7 5, 79 8 6 4, 85 6
H ou si ng . . . . . . . . . . . . . . . 41 6, 11 9 34 4, 93 9 32 5, 66 9 27 6, 01 4 26 3, 61 7 22 0, 75 7 23 9, 89 2 24 7, 18 7 20 8, 80 2 19 4, 46 8
H ea lt h (i nc lu di ng p ay m en ts
t o H H C ) . . . . . . . . . . . . . 6 4, 63 4 7 1, 61 4 7 5, 80 3 9 0, 48 7 7 9, 05 4 6 9, 25 9 6 5, 35 0 12 9, 56 3 7 1, 79 9 5 7, 34 2
L ib ra ri es . . . . . . . . . . . . . . . — — — — — — — — 1 —
_ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
T ot al C ha rg es f or S er vi ce s 6, 07 8, 26 4 5, 24 2, 25 3 4, 48 3, 97 3 4, 62 6, 27 0 4, 23 6, 03 0 4, 54 0, 77 5 4, 33 9, 45 6 4, 09 4, 42 3 3, 76 6, 02 3 3, 34 5, 16 0
T ot al O pe ra ti ng G ra nt s
a nd C on tr ib ut io ns . . . . 1 9, 43 7, 74 3 1 8, 39 5, 23 8 2 0, 06 3, 70 7 1 8, 76 8, 70 6 1 9, 95 1, 27 0 2 0, 40 3, 78 3 1 8, 85 8, 99 8 1 7, 86 7, 97 3 1 6, 35 9, 00 8 1 5, 12 6, 97 9
T ot al C ap it al G ra nt s an d
C on tr ib ut io ns . . . . . . . . . . . . . 97 3, 43 0 69 5, 65 0 84 9, 82 8 59 4, 31 3 53 8, 01 5 58 6, 08 0 85 4, 64 6 1, 36 3, 82 2 88 2, 23 9 47 5, 67 4
_ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
T ot al p ro gr am r ev en ue s . . . . . . . 26 ,4 89 ,4 37 2 4, 33 3, 14 1 2 5, 39 7, 50 8 2 3, 98 9, 28 9 2 4, 72 5, 31 5 2 5, 53 0, 63 8 2 4, 05 3, 10 0 2 3, 32 6, 21 8 2 1, 00 7, 27 0 1 8, 94 7, 81 3
_ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
P ri m ar y G ov er nm en t N et
E xp en se s . . . . . . . . . . . . . . . . (4 5, 03 2, 84 0) ( 46 ,0 67 ,0 22 ) ( 50 ,9 02 ,5 50 ) ( 51 ,3 25 ,5 20 ) ( 51 ,3 24 ,4 22 ) ( 50 ,5 21 ,1 41 ) ( 43 ,3 03 ,6 52 ) ( 45 ,4 16 ,0 11 ) ( 43 ,0 48 ,9 98 ) ( 90 ,8 41 ,5 42 )
_ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ __ __ __
(C o n ti
n u ed
)
325
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C h an ge s in N et P os it io n — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al R ev en u es :
T ax es ( N et o f R ef un ds ):
R ea l es ta te t ax es . . . . . . . . . $ 21 ,4 47 ,9 65 $ 20 ,0 33 ,0 49 $ 19 ,0 70 ,8 57 $ 18 ,1 77 ,1 70 $ 17 ,0 64 ,6 41 $ 16 ,4 14 ,8 10 $ 14 ,5 31 ,1 91 $ 12 ,8 23 ,3 52 $ 12 ,8 91 ,7 83 $ 12 ,7 23 ,8 00
S al es a nd u se t ax es . . . . . . . 8, 07 1, 46 6 7, 60 4, 83 6 7, 06 5, 33 1 6, 61 8, 10 7 6, 12 0, 21 5 5, 62 8, 39 8 5, 29 4, 10 7 6, 23 8, 35 7 6, 43 0, 02 0 5, 97 4, 65 5
P er so na l in co m e ta x . . . . . . 1 1, 55 9, 66 9 1 0, 36 4, 71 4 9, 50 6, 79 8 8, 72 2, 00 2 8, 09 5, 97 2 7, 89 3, 65 7 7, 19 5, 17 7 9, 81 3, 96 5 8, 71 5, 77 7 8, 53 3, 81 3
I nc om e ta xe s, o th er . . . . . . 7, 96 5, 04 1 7, 36 4, 84 5 7, 36 3, 63 3 6, 07 9, 88 1 7, 31 3, 29 9 6, 19 2, 53 2 5, 91 4, 64 2 6, 51 4, 78 3 7, 87 7, 28 1 5, 76 8, 62 0
O th er t ax es :
C om m er ci al R en t . . . . . . 78 7, 03 5 77 1, 18 6 72 1, 21 3 67 1, 72 2 63 4, 22 1 62 0, 18 2 60 2, 53 2 59 7, 43 7 52 4, 78 4 49 7, 56 6
C on ve ya nc e of
R ea l P ro pe rt y . . . . . . . 1, 77 2, 19 3 1, 53 0, 16 7 1, 09 6, 43 1 91 7, 65 3 79 8, 97 7 61 6, 15 7 74 6, 52 2 1, 41 6, 91 3 1, 72 6, 23 2 1, 30 5, 50 2
H ot el R oo m O cc up an cy . 55 9, 84 6 54 1, 29 3 51 2, 34 2 48 6, 52 5 43 6, 21 8 37 4, 90 2 33 8, 14 8 40 0, 53 0 31 8, 85 2 30 0, 60 1
P ay m en t i n L ie u of T ax es
30 4, 58 5 27 0, 13 1 26 5, 16 4 26 1, 12 8 27 6, 08 2 26 2, 35 1 22 1, 01 1 18 6, 38 2 22 9, 39 7 20 5, 57 4
O th er . . . . . . . . . . . . . . . . 5 5, 38 2 4 9, 05 8 6 7, 87 0 4 8, 30 9 6 4, 12 6 5 5, 12 7 6 1, 60 0 6 3, 68 2 6 4, 09 9 7 1, 56 4
I nv es tm en t in co m e . . . . . . . 16 1, 35 1 7 9, 26 1 10 2, 61 2 11 7, 60 8 13 3, 75 8 6 5, 50 8 28 6, 86 8 63 7, 71 1 66 9, 17 3 46 5, 68 5
U nr es tr ic te d F ed er al a nd
S ta te a id . . . . . . . . . . . . . 25 2, 19 4 25 1, 47 4 45 2, 12 2 73 0, 31 0 47 0, 11 7 47 8, 81 1 80 6, 41 5 63 2, 16 2 49 8, 79 1 97 3, 76 6
O th er . . . . . . . . . . . . . . . . . 1 ,4 03 ,7 87 84 8, 45 5 55 4, 40 4 98 0, 49 1 32 9, 21 8 21 6, 51 6 28 4, 52 8 25 7, 47 0 29 7, 42 7 31 9, 12 2
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al g en er al r ev en ue s . . . . . . . . 5 4, 34 0, 51 4 4 9, 70 8, 46 9 4 6, 77 8, 77 7 4 3, 81 0, 90 6 4 1, 73 6, 84 4 3 8, 81 8, 95 1 3 6, 28 2, 74 1 3 9, 58 2, 74 4 4 0, 24 3, 61 6 3 7, 14 0, 26 8
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __
C ha ng e in ne t po si ti on (d ef ic it ) . $ 9 ,3 07 ,6 74 $ 3 ,6 41 ,4 47 $ (4 ,1 23 ,7 73 ) $ (7 ,5 14 ,6 14 ) $ (9 ,5 87 ,5 78 )$ (1 1, 70 2, 19 0) $ (7 ,0 20 ,9 11 ) $ (5 ,8 33 ,2 67 ) $ (2 ,8 05 ,3 82 )$ (5 3, 70 1, 27 4)
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
326
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
F u n d B al an ce s—
G ov er n m en ta l F u n d s—
T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al F un d- N on sp en da bl e . . $4 67 ,6 21 $
46 2, 51 9 $
45 7, 46 7 $
45 2, 28 4 $
44 7, 27 2 $
44 2, 15 0 $
— $
— $
— $
— G en er al F un d- U nr es er ve d . . . . . —
— — — — — 43 7, 00 8 43 2, 30 7 42 7, 29 8 42 2, 48 3
_ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
A ll O th er G ov er nm en ta l F un ds
N on sp en da bl e fo r:
P re pa id E xp en di tu re s . . . . . 61 9 6 11 6 20 5 77 5 70 5 68 — — — —
R es tr ic te d fo r:
C ap it al p ro je ct s . . . . . . . . . 1, 20 3, 35 6 1, 83 8, 45 4 2, 50 6, 62 5 2, 72 0, 78 2 1, 25 4, 66 9 1, 88 1, 14 1 — — — —
D eb t S er vi ce . . . . . . . . . . . . 2, 53 1, 39 9 2, 42 3, 34 6 2, 57 9, 29 4 2, 61 9, 48 7 2, 94 0, 69 2 2, 19 6, 67 4 — — — —
R es er ve d fo r:
C ap it al p ro je ct s . . . . . . . . . — — — — — — 1, 66 7, 85 2 1, 93 9, 54 8 1, 41 0, 48 1 50 6, 56 4
D eb t se rv ic e . . . . . . . . . . . . — — — — — — 5, 42 5, 45 9 6, 98 6, 40 5 5, 38 4, 21 4 4, 73 9, 99 8
N on cu rr en t m or tg ag e lo an s — — — — — — 58 69 79 1 01
C om m it te d fo r:
D eb t S er vi ce . . . . . . . . . . . . 1, 54 2, 63 2 15 8, 32 7 2, 17 9, 99 8 1, 29 5, 40 1 2, 46 2, 14 4 2, 16 0, 52 5 — — — —
A ss ig ne d fo r:
N on m aj or D eb t S er vi ce
F un ds . . . . . . . . . . . . . . . 1, 66 7, 96 6 1, 36 2, 27 0 — — — 64 5, 28 4 — — — —
N on m aj or S pe ci al R ev en ue
F un d . . . . . . . . . . . . . . . . 1 5, 34 7 14 3, 21 8 14 0, 08 6 13 8, 61 2 9 1, 51 9 4 1, 97 2 — — — —
A rb it ra ge R eb at e P ay m en t . —
— — 1 6, 36 5 2 4, 96 4 1 2, 36 5 — — — —
U na ss ig ne d fo r:
C ap it al P ro je ct s F un d . . . . . ( 2, 53 1, 51 5) ( 3, 45 9, 17 7) ( 3, 41 4, 62 1) ( 3, 11 8, 91 9) ( 3, 14 3, 92 1) ( 3, 90 5, 24 1) —
— — —
N on m aj or C ap it al P ro je ct s
F un ds . . . . . . . . . . . . . . . — — — — — ( 18 ) —
— — —
N on m aj or S pe ci al R ev en ue
F un ds . . . . . . . . . . . . . . . 13 9, 01 1 1 ,9 24 (1 ,8 05 ) — ( 64 ) —
— — — —
U nr es er ve d (d ef ic it ), r ep or te d in :
C ap it al P ro je ct s F un d . . . . . —
— — — — — ( 2, 75 9, 07 1) ( 3, 91 7, 01 0) ( 3, 61 1, 00 6) ( 2, 70 5, 76 9)
N on m aj or C ap it al P ro je ct s
F un ds . . . . . . . . . . . . . . . — — — — — — 4 7, 92 8 4 2, 77 0 1, 91 0, 08 9 1 6, 07 9
N on m aj or D eb t S er vi ce
F un ds . . . . . . . . . . . . . . . — — — — — — 23 7, 94 5 23 2, 90 3 64 4, 46 5 30 5, 03 3
_ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al a ll o th er G ov er nm en ta l
F un ds . . . . . . . . . . . . . . . . . . 4, 56 8, 81 5 2, 46 8, 97 3 3, 99 0, 19 7 3, 67 2, 30 5 3, 63 0, 57 3 3, 03 3, 27 0 4, 62 0, 17 1 5, 28 4, 68 5 5, 73 8, 32 2 2, 86 2, 00 6
_ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
T ot al F un d B al an ce s . . . . . . . . . $ 5, 03 6, 43 6 $ 2, 93 1, 49 2 $ 4, 44 7, 66 4 $ 4, 12 4, 58 9 $ 4, 07 7, 84 5 $ 3, 47 5, 42 0 $ 5, 05 7, 17 9 $ 5, 71 6, 99 2 $ 6, 16 5, 62 0 $ 3, 28 4, 48 9
_ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
N o te : In f is ca l y ea r 2 0 1 0 , th e F u n d b al an ce c la ss if ic at io n s w er e ch an g ed t o c o n fo rm t o t h e re q u ir em en ts o f G A S B 5 4 .
327
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C h an ge s in F u n d B al an ce s—
G ov er n m en ta l F u n d s—
T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
R ev en u es :
R ea l es ta te t ax es . . . . . . . . . . $ 21 ,5 17 ,9 32 $ 20 ,2 02 ,0 22 $ 18 ,9 69 ,6 10 $ 18 ,1 57 ,7 22 $ 17 ,0 86 ,4 84 $ 16 ,3 69 ,4 47 $ 14 ,4 87 ,2 31 $ 13 ,2 03 ,9 30 $ 13 ,1 22 ,8 12 $ 12 ,6 36 ,3 55
S al es a nd u se t ax es . . . . . . . . 8 ,0 50 ,9 32 7, 60 3, 98 6 7, 03 2, 25 9 6, 51 2, 10 7 6, 19 0, 21 5 5, 61 1, 39 8 5, 30 2, 10 7 6, 22 8, 35 7 6, 41 2, 02 0 5, 98 6, 65 5
P er so na l in co m e ta x . . . . . . . 1 1, 29 4, 66 9 1 0, 17 3, 61 4 9, 81 4, 89 8 8, 55 7, 00 2 8, 16 5, 97 2 7, 59 2, 65 7 7, 65 7, 17 7 9, 92 7, 96 5 8, 64 7, 77 7 8, 02 5, 81 3
In co m e ta xe s, o th er . . . . . . . . 7 ,6 02 ,0 41 7, 21 4, 84 5 7, 24 8, 63 3 6, 49 8, 88 1 6, 70 5, 29 9 5, 70 6, 53 2 6, 58 8, 64 2 6, 78 4, 78 3 7, 45 1, 28 1 5, 53 1, 62 0
O th er t ax es . . . . . . . . . . . . . . . 3, 47 5, 76 7 3, 18 0, 94 5 2, 65 6, 38 3 2, 38 5, 67 4 2, 20 1, 83 5 1, 92 0, 93 8 1, 97 5, 69 1 2, 61 9, 25 0 2, 89 2, 57 9 2, 38 0, 74 4
F ed er al , S ta te a nd o th er
c at eg or ic al a id . . . . . . . . . . 2 0, 48 5, 60 5 1 9, 14 5, 04 0 2 1, 15 9, 40 0 1 9, 86 8, 60 0 2 0, 74 5, 38 0 2 1, 47 6, 85 9 2 0, 18 9, 66 4 1 9, 61 5, 94 7 1 7, 69 7, 75 6 1 6, 04 4, 61 2
U nr es tr ic te d F ed er al a nd
S ta te a id . . . . . . . . . . . . . . . 17 0, 40 8 17 0, 00 0 17 0, 00 0 19 4, 54 7 20 8, 62 3 ( 17 ,5 63 ) 3 27 ,3 90 24 2, 11 5 3 5, 05 4 49 4, 15 4
C ha rg es f or s er vi ce s . . . . . . . 2, 74 5, 13 7 2, 78 6, 46 0 2, 57 1, 76 4 2, 53 8, 46 9 2, 34 4, 68 2 2, 53 8, 98 4 2, 24 4, 92 4 2, 12 5, 87 0 1, 92 0, 75 2 1, 83 6, 95 9
T ob ac co s et tl em en t . . . . . . . . 1 81 ,0 94 21 1, 61 6 18 7, 05 1 18 7, 16 8 18 3, 53 1 19 3, 58 0 23 2, 61 2 21 0, 93 7 20 8, 43 3 19 9, 09 8
In ve st m en t in co m e . . . . . . . . . 14 2, 99 5 11 9, 46 0 8 9, 27 8 11 7, 81 3 10 5, 54 7 7 8, 59 1 28 0, 39 9 63 4, 53 0 66 5, 09 3 45 4, 73 6
In te re st o n m or tg ag es , n et . . . — 6 05 7 75 9 76 2 ,0 96 2 ,3 19 6 ,4 69 3 ,1 81 4 ,0 80 4 ,8 09
O th er r ev en ue s . . . . . . . . . . . . 5, 97 8, 75 0 4, 66 2, 17 3 4, 05 9, 51 8 5, 15 2, 28 2 4, 72 0, 50 9 4, 56 9, 16 1 5, 02 8, 82 1 4, 33 1, 23 2 3, 86 7, 09 3 3, 32 1, 15 2
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al r ev en ue s . . . . . . . . . . 8 1, 64 5, 33 0 7 5, 47 0, 76 6 7 3, 95 9, 56 9 7 0, 17 1, 24 1 6 8, 66 0, 17 3 6 6, 04 2, 90 3 6 4, 32 1, 12 7 6 5, 92 8, 09 7 6 2, 92 4, 73 0 5 6, 91 6, 70 7
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
E xp en d it u re s:
G en er al g ov er nm en t . . . . . . . 3, 38 6, 21 4 3, 60 6, 90 8 3, 51 4, 95 7 3, 21 6, 70 9 3, 30 2, 86 4 3, 69 9, 73 2 3, 61 7, 36 7 3, 99 2, 65 3 2, 68 3, 27 6 2, 19 8, 40 5
P ub li c sa fe ty a nd j ud ic ia l . . . 9, 12 9, 69 5 9, 02 3, 33 1 8, 97 2, 92 5 8, 61 3, 04 8 8, 66 8, 21 6 8, 31 4, 30 8 8, 01 9, 61 8 7, 54 1, 19 5 7, 04 8, 44 7 6, 90 6, 02 2
E du ca ti on . . . . . . . . . . . . . . . . 2 3, 02 4, 61 5 2 0, 75 4, 96 0 2 0, 04 6, 80 4 2 1, 08 9, 70 8 2 0, 92 8, 09 6 2 1, 41 3, 57 3 2 0, 52 0, 93 2 1 9, 19 3, 80 0 1 7, 88 1, 19 3 1 6, 57 6, 11 4
C it y U ni ve rs it y . . . . . . . . . . . 9 74 ,2 58 88 7, 62 2 85 9, 53 5 83 7, 85 3 81 9, 40 8 81 6, 14 7 72 5, 06 5 65 8, 07 5 59 5, 61 0 56 4, 14 6
S oc ia l se rv ic es . . . . . . . . . . . . 1 4, 05 2, 46 4 1 3, 53 6, 58 0 1 3, 49 0, 21 8 1 3, 31 1, 11 6 1 1, 84 5, 95 1 1 2, 43 8, 11 6 1 2, 24 2, 22 2 1 2, 57 5, 78 8 1 1, 15 0, 69 5 1 0, 18 6, 97 7
E nv ir on m en ta l pr ot ec ti on . . . 4, 16 0, 17 6 4, 36 4, 14 6 5, 19 9, 87 6 4, 97 4, 24 1 5, 39 7, 83 3 5, 63 9, 18 8 5, 12 9, 73 1 4, 58 3, 58 2 4, 02 3, 26 4 3, 77 1, 66 9
T ra ns po rt at io n se rv ic es . . . . . 2 ,5 27 ,3 88 2, 48 8, 61 4 2, 63 8, 58 9 2, 61 8, 89 8 2, 17 6, 07 0 2, 37 9, 37 1 2, 27 2, 38 5 2, 00 1, 00 0 1, 84 8, 57 0 1, 73 7, 05 9
P ar ks , r ec re at io n an d
c ul tu ra l ac ti vi ti es . . . . . . . . 1 ,1 31 ,6 56 1, 05 6, 09 3 1, 20 3, 89 1 1, 06 6, 82 8 1, 31 7, 12 5 1, 26 7, 50 9 1, 27 6, 99 9 1, 01 4, 03 7 90 4, 72 3 75 9, 65 3
H ou si ng . . . . . . . . . . . . . . . . . 1 ,4 46 ,4 07 1, 25 6, 71 8 1, 17 0, 11 8 1, 15 9, 80 5 1, 11 8, 07 0 1, 24 2, 74 1 1, 20 9, 79 3 1, 18 2, 20 1 1, 07 7, 22 3 1, 18 0, 85 9
H ea lt h (i nc lu di ng p ay m en ts
t o H H C ) . . . . . . . . . . . . . . . 1, 87 6, 12 2 1, 86 3, 41 2 2, 18 5, 23 5 1, 81 8, 49 8 1, 93 2, 87 8 1, 94 5, 90 1 2, 07 5, 92 1 1, 79 3, 46 8 2, 51 8, 73 8 3, 02 7, 47 5
(C o n ti
n u ed
)
328
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C h an ge s in F u n d B al an ce s—
G ov er n m en ta l F u n d s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
L ib ra ri es . . . . . . . . . . . . . . . . $ 3 59 ,1 47 $ 27 6, 24 7 $ 34 1, 91 2 $ 24 0, 49 7 $ 36 2, 72 9 $ 30 0, 73 3 $ 41 3, 77 3 $ 29 1, 69 3 $ 36 7, 91 8 $ 31 3, 45 7
P en si on s . . . . . . . . . . . . . . . . . 8, 48 9, 85 7 8, 14 1, 09 9 8, 05 4, 28 4 7, 83 0, 44 0 6, 84 2, 57 3 6, 63 1, 32 5 6, 26 4, 91 4 5, 61 6, 28 9 4, 72 6, 20 0 3, 87 8, 95 0
Ju dg m en ts a nd c la im s . . . . . . 67 9, 60 5 73 2, 22 2 52 4, 48 3 58 2, 86 9 66 4, 07 3 56 8, 24 6 62 3, 19 2 62 5, 39 5 56 4, 03 7 51 6, 80 1
F ri ng e be ne fi ts a nd o th er
b en ef it p ay m en ts . . . . . . . . 5 ,8 62 ,6 64 5, 84 1, 92 3 3, 82 9, 65 5 3, 87 9, 65 5 3, 84 6, 13 5 3, 73 3, 08 4 3, 52 4, 85 2 3, 95 6, 86 1 4, 84 6, 21 1 4, 15 4, 01 5
A dm in is tr at iv e an d ot he r . . . . 1 ,8 54 ,6 87 2, 20 6, 14 7 51 3, 30 6 49 4, 34 7 16 5, 43 8 ( 52 1, 25 6) 3 26 ,3 98 47 7, 65 8 40 5, 01 1 30 8, 92 7
D eb t S er vi ce :
I nt er es t . . . . . . . . . . . . . . . . 3 ,2 51 ,9 59 3, 24 1, 98 7 3, 11 1, 66 4 3, 05 2, 36 2 2, 90 8, 38 7 2, 64 8, 95 2 2, 48 4, 01 5 2, 58 2, 32 4 2, 42 6, 57 2 2, 37 8, 80 2
R ed em pt io ns . . . . . . . . . . . 5 ,7 50 ,6 85 3, 29 5, 27 1 3, 10 8, 85 6 4, 62 0, 45 1 2, 47 0, 28 8 2, 19 1, 70 5 1, 87 9, 67 6 2, 30 8, 20 8 3, 21 3, 98 7 2, 55 1, 13 2
L ea se P ay m en ts . . . . . . . . . 14 8, 84 7 15 2, 61 3 15 1, 42 0 13 7, 65 9 14 5, 33 6 5 3, 56 2 17 4, 52 3 15 8, 48 2 30 9, 61 2 22 8, 84 6
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al e xp en di tu re s . . . . . 88 ,1 06 ,4 46 8 2, 72 5, 89 3 7 9, 91 7, 72 8 7 9, 54 4, 98 4 7 4, 91 1, 47 0 7 4, 76 2, 93 7 7 2, 78 1, 37 6 7 0, 55 2, 70 9 6 6, 59 1, 28 7 6 1, 23 9, 30 9
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
D ef ic ie nc y of r ev en ue s
o ve r ex pe nd it ur es . . . . . . ( 6, 46 1, 11 6) ( 7, 25 5, 12 7) ( 5, 95 8, 15 9) ( 9, 37 3, 74 3) ( 6, 25 1, 29 7) ( 8, 72 0, 03 4) ( 8, 46 0, 24 9) ( 4, 62 4, 61 2) ( 3, 66 6, 55 7) ( 4, 32 2, 60 2)
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
O th er F in an ci n g S ou rc es ( U se s) :
T ra ns fe rs f ro m G en er al F un d . 6, 96 5, 39 5 3, 20 1, 11 5 5, 20 3, 21 9 3, 41 3, 13 0 4, 58 5, 83 6 3, 59 4, 94 6 2, 15 4, 91 8 5, 42 1, 70 6 5, 66 0, 57 3 4, 38 8, 07 2
T ra ns fe rs f ro m ( to ) N on m aj or
C ap it al P ro je ct F un ds . . . . . 5 ,7 67 ,6 16 3, 52 2, 59 9 3, 90 1, 48 7 3, 18 5, 33 6 4, 02 2, 40 8 3, 21 8, 77 7 2, 44 5, 11 3 1, 81 1, 34 0 2, 49 8, 10 1 (1 ,5 00 )
T ra ns fe r fr om N on m aj or
S pe ci al R ev en ue F un ds . . . 12 1, 25 8 3 6, 02 0 10 3, 34 3 7 2, 61 9 10 2, 63 1 — — — — —
P ri nc ip al a m ou nt o f bo nd s
i ss ue d . . . . . . . . . . . . . . . . . 7 ,5 70 ,8 09 5, 17 1, 64 6 5, 47 4, 74 9 7, 24 5, 05 3 6, 64 0, 95 3 7, 03 6, 63 0 7, 75 1, 00 0 4, 12 5, 40 0 6, 16 0, 71 0 3, 40 5, 00 0
B on d pr em iu m . . . . . . . . . . . . 1, 27 8, 42 9 62 2, 15 1 1, 39 8, 56 1 1, 12 1, 90 9 31 5, 46 6 40 4, 41 5 9 8, 49 8 15 5, 91 9 33 4, 19 2 14 1, 00 0
C ap it al iz ed l ea se s . . . . . . . . . 12 6, 54 4 7 5, 46 7 2 8, 26 2 2 8, 74 6 13 9, 02 6 1 4, 97 7 2 6, 23 7 1 6, 74 3 4 5, 26 5 1 4, 19 1
Is su an ce o f re fu nd in g de bt . . 2 ,5 65 ,4 55 3, 18 6, 67 0 4, 89 7, 79 5 4, 40 6, 28 0 2, 65 2, 38 0 3, 78 1, 33 0 66 9, 37 0 3, 95 6, 94 5 1, 44 9, 23 0 3, 36 4, 78 4
T ra ns fe rs t o C ap it al P ro je ct s
F un d . . . . . . . . . . . . . . . . . . ( 5, 76 5, 53 3) ( 3, 51 8, 57 9) ( 3, 89 5, 84 2) ( 3, 17 6, 38 6) ( 3, 97 9, 58 3) ( 3, 14 7, 13 9) ( 2, 32 1, 95 0) ( 1, 65 6, 40 9) ( 2, 68 3, 60 9) ( 20 0, 00 0)
(C o n ti
n u ed
)
329
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C h an ge s in F u n d B al an ce s—
G ov er n m en ta l F u n d s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
T ra ns fe rs t o G en er al D eb t
S er vi ce F un d, n et . . . . . . . . . . $ ( 4, 97 9, 17 3) $ (1 ,4 77 ,1 35 ) $ (5 ,0 49 ,7 84 ) $ (2 ,2 65 ,7 64 ) $ (3 ,4 83 ,7 67 ) $ (2 ,9 49 ,7 02 ) $ (1 ,4 14 ,0 67 ) $ (5 ,2 07 ,3 78 ) $ (4 ,0 19 ,5 80 ) $ (4 ,2 80 ,8 12 )
T ra ns fe rs f ro m ( to ) N on m aj or
D eb t S er vi ce F un ds , n et . . . . ( 2, 10 9, 56 3) ( 1, 76 4, 02 0) ( 26 2, 42 3) ( 1, 22 8, 93 5) ( 1, 24 7, 52 5) ( 71 6, 88 2) ( 86 4, 01 4) ( 36 9, 25 9) ( 1, 45 5, 48 5) 9 4, 24 0
P ay m en ts t o re fu nd ed b on d
es cr ow h ol de r . . . . . . . . . . . . ( 2, 97 5, 17 7) ( 3, 31 6, 97 9) ( 5, 51 8, 13 3) ( 3, 38 1, 50 1) ( 2, 97 6, 45 1) ( 4, 09 9, 07 7) ( 71 1, 33 6) ( 4, 04 5, 69 0) ( 1, 54 4, 05 4) ( 3, 33 8, 58 7)
T ra ns fe ra bl e de ve lo pm en t ri gh ts
in st al lm en t pu rc ha se a gr ee m en t — — — — — — ( 33 ,3 33 ) ( 33 ,3 33 ) 1 02 ,3 45 —
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al o th er f in an ci ng s ou rc es . . 8 ,5 66 ,0 60 5, 73 8, 95 5 6, 28 1, 23 4 9, 42 0, 48 7 6, 77 1, 37 4 7, 13 8, 27 5 7, 80 0, 43 6 4, 17 5, 98 4 6, 54 7, 68 8 3, 58 6, 38 8
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
N et c ha ng es i n fu nd b al an ce s
(d ef ic it ) . . . . . . . . . . . . . . . . . $ 2 ,1 04 ,9 44 $ (1 ,5 16 ,1 72 ) $ 32 5, 07 5 $
46 ,7 44 $ 52 0, 07 7 $ (1 ,5 81 ,7 59 ) $
(6 59 ,8 13 ) $
(4 48 ,6 28 ) $ 2, 88 1, 13 1 $
(7 36 ,2 14 )
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al D eb t S er vi ce a s a pe rc en t
of N et O ut la y:
D eb t S er vi ce :
In te re st . . . . . . . . . . . . . . . . . . $ 3 ,2 51 ,9 59 $ 3 ,2 41 ,9 87 $ 3 ,1 11 ,6 64 $ 3 ,0 52 ,3 62 $ 2 ,9 08 ,3 87 $ 2 ,6 48 ,9 52 $ 2 ,4 84 ,0 15 $ 2 ,5 82 ,3 24 $ 2 ,4 26 ,5 72 $ 2 ,3 78 ,8 02
R ed em pt io ns . . . . . . . . . . . . . 5, 75 0, 68 5 3, 29 5, 27 1 3, 10 8, 85 6 4, 62 0, 45 1 2, 47 0, 28 8 2, 19 1, 70 5 1, 87 9, 67 6 2, 30 8, 20 8 3, 21 3, 98 7 2, 55 1, 13 2
L ea se p ay m en ts . . . . . . . . . . . 1 48 ,8 47 15 2, 61 3 15 1, 42 0 13 7, 65 9 14 5, 33 6 5 3, 56 2 17 4, 52 3 15 8, 48 2 30 9, 61 2 22 8, 84 6
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al D eb t S er vi ce . . . . . . . $ 9 ,1 51 ,4 91 $ 6 ,6 89 ,8 71 $ 6 ,3 71 ,9 40 $ 7 ,8 10 ,4 72 $ 5 ,5 24 ,0 11 $ 4 ,8 94 ,2 19 $ 4 ,5 38 ,2 14 $ 5 ,0 49 ,0 14 $ 5 ,9 50 ,1 71 $ 5 ,1 58 ,7 80
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al E xp en di tu re s
( G ov er nm en ta l F un ds ) . . . . $ 88 ,1 06 ,4 46 $ 82 ,7 25 ,8 93 $ 79 ,9 17 ,7 28 $ 79 ,5 44 ,9 84 $ 74 ,9 11 ,4 70 $ 74 ,7 62 ,9 37 $ 72 ,7 81 ,3 76 $ 70 ,5 52 ,7 09 $ 66 ,5 91 ,2 87 $ 61 ,2 39 ,3 09
L es s C ap it al O ut la ys
( C ap it al F un d
E xp en di tu re s) . . . . . . . . . 5, 52 8, 10 2 5, 28 9, 19 3 5, 55 9, 66 9 5, 00 5, 94 2 5, 45 2, 33 3 5, 78 3, 04 9 5, 84 3, 73 2 5, 54 2, 86 6 6, 16 2, 67 4 3, 52 2, 52 3
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
N et O ut la y . . . . . . . . . . . . . $ 82 ,5 78 ,3 44 $ 77 ,4 36 ,7 00 $ 74 ,3 58 ,0 59 $ 74 ,5 39 ,0 42 $ 69 ,4 59 ,1 37 $ 68 ,9 79 ,8 88 $ 66 ,9 37 ,6 44 $ 65 ,0 09 ,8 43 $ 60 ,4 28 ,6 13 $ 57 ,7 16 ,7 86
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al D eb t S er vi ce a s a pe rc en t
of N et O ut la y . . . . . . . . . . . . . 1 1. 08 % 8. 64 % 8. 57 % 1 0. 48 % 7. 95 % 7. 10 % 6. 78 % 7. 77 % 9. 85 % 8. 94 %
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
330
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d R ev en u es a n d O th er F in an ci n g S ou rc es — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
T ax es ( N et o f R ef u n d s) :
R ea l E st at e T ax es . . . . . . . . . . $ 21 ,5 17 ,9 32 $ 20 ,2 02 ,0 22 $ 18 ,9 69 ,6 10 $ 18 ,1 57 ,7 22 $ 17 ,0 86 ,4 84 $ 16 ,3 69 ,4 47 $ 14 ,4 87 ,2 31 $ 13 ,2 03 ,9 30 $ 13 ,1 22 ,8 12 $ 12 ,6 36 ,3 55
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
S al es a nd U se T ax es
(N et o f R ef un ds ):
G en er al S al es . . . . . . . . . . . . . 6, 75 5, 97 1 6, 50 8, 81 4 6, 14 9, 88 0 5, 82 6, 04 6 5, 61 0, 24 3 5, 07 6, 37 1 4, 61 4, 92 6 4, 89 0, 73 8 4, 64 4, 53 9 4, 43 9, 36 2
C ig ar et te . . . . . . . . . . . . . . . . 4 9, 89 7 5 5, 12 3 6 1, 07 1 6 7, 56 1 6 9, 79 5 9 4, 05 3 9 6, 43 8 12 3, 79 2 12 3, 25 9 12 3, 28 7
V au lt . . . . . . . . . . . . . . . . . . . — — — — — — — — 57 5 07
C om m er ci al M ot or V eh ic le . . 6 0, 75 7 5 0, 29 9 4 8, 24 7 5 3, 67 5 4 7, 72 0 4 6, 51 9 4 7, 78 5 4 7, 55 3 4 6, 52 8 4 3, 54 8
M or tg ag e . . . . . . . . . . . . . . . . 1, 15 4, 62 7 96 0, 85 2 74 2, 08 6 53 6, 73 7 43 4, 41 8 36 6, 39 0 51 5, 13 1 1, 13 7, 84 5 1, 56 9, 64 0 1, 35 2, 58 5
S to ck T ra ns fe r . . . . . . . . . . . . — — 2 8, 22 5 — — — 1 33 9 5 5
A ut o U se . . . . . . . . . . . . . . . . 2 9, 68 0 2 8, 89 8 2 ,7 50 2 8, 08 8 2 8, 03 9 2 8, 06 5 2 7, 69 4 2 8, 42 0 2 7, 99 2 2 7, 36 2
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al S al es a nd U se T ax es . 8, 05 0, 93 2 7, 60 3, 98 6 7, 03 2, 25 9 6, 51 2, 10 7 6, 19 0, 21 5 5, 61 1, 39 8 5, 30 2, 10 7 6, 22 8, 35 7 6, 41 2, 02 0 5, 98 6, 65 6
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
P er so na l In co m e T ax es
(N et o f R ef un ds ) . . . . . . . . . . 1 1, 29 4, 66 9 1 0, 17 3, 61 4 9, 81 4, 89 8 8, 55 7, 00 2 8, 16 5, 97 2 7, 59 2, 65 7 7, 51 8, 90 3 9, 76 4, 20 9 7, 96 3, 17 0 7, 67 5, 81 3
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
In co m e T ax es , O th er
(N et o f R ef un ds ):
G en er al C or po ra ti on . . . . . . . 3, 33 5, 91 7 3, 36 7, 32 8 3, 34 8, 34 9 2, 84 5, 79 4 2, 89 8, 76 0 2, 44 1, 56 0 2, 80 6, 05 0 3, 71 0, 12 1 3, 87 4, 66 5 2, 73 8, 48 1
F in an ci al C or po ra ti on . . . . . . 1, 65 8, 17 9 1, 35 2, 34 9 1, 46 7, 47 3 1, 42 1, 40 1 1, 51 9, 45 0 1, 14 5, 16 5 1, 39 8, 49 1 69 0, 83 0 1, 38 7, 97 7 92 5, 02 9
U ni nc or po ra te d B us in es s . . . . 2 ,0 64 ,5 96 1, 95 4, 13 8 1, 89 4, 02 1 1, 68 8, 31 8 1, 73 3, 42 6 1, 59 1, 91 9 1, 82 5, 64 2 1, 89 1, 65 7 1, 73 1, 57 9 1, 36 6, 34 5
P er so na l In co m e—
( N on -R es id en t
C it y E m pl oy ee s) . . . . . . . . 1 45 ,4 36 13 0, 68 8 12 8, 66 4 12 3, 79 2 12 0, 19 2 12 3, 49 8 11 6, 37 4 9 2, 99 2 8 8, 95 9 9 9, 31 3
U ti li ty . . . . . . . . . . . . . . . . . . 39 7, 91 4 41 0, 34 2 41 0, 12 6 41 9, 57 6 43 3, 47 1 40 4, 39 1 44 2, 08 5 39 9, 18 3 36 8, 10 1 40 2, 45 2
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al I nc om e T ax es , O th er . 7, 60 2, 04 2 7, 21 4, 84 5 7, 24 8, 63 3 6, 49 8, 88 1 6, 70 5, 29 9 5, 70 6, 53 3 6, 58 8, 64 2 6, 78 4, 78 3 7, 45 1, 28 1 5, 53 1, 62 0
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
O th er T ax es :
P ay m en ts i n L ie u of T ax es . . . 30 4, 58 5 27 0, 13 1 26 5, 16 4 26 1, 12 8 27 6, 08 2 26 2, 35 1 22 1, 01 1 18 6, 38 2 22 9, 39 7 20 5, 57 4
H ot el R oo m O cc up an cy . . . . 55 9, 84 6 54 1, 29 3 51 2, 34 2 48 5, 25 8 43 1, 98 0 36 9, 12 6 34 3, 34 1 38 2, 30 6 33 0, 09 7 29 8, 73 4
C om m er ci al R en ts . . . . . . . . . 78 7, 03 5 77 1, 18 6 72 1, 21 3 67 3, 32 6 63 0, 67 0 61 8, 17 7 60 3, 21 7 56 9, 96 7 54 2, 75 4 49 9, 37 0
H or se R ac e A dm is si on s . . . . . 38 20 22 22 20 17 28 31 28 61
C on ve ya nc e of R ea l P ro pe rt y 1, 77 2, 19 3 1, 53 0, 16 7 1, 09 6, 43 2 91 7, 65 2 79 8, 97 7 61 6, 15 7 74 6, 52 2 1, 41 6, 91 3 1, 72 6, 23 2 1, 30 5, 50 2
B ee r an d L iq uo r E xc is e . . . . . 2 4, 58 5 2 2, 60 4 2 4, 03 8 2 2, 73 3 2 3, 61 7 2 3, 68 2 2 3, 50 3 2 3, 72 0 2 2, 56 3 2 2, 92 7
T ax i M ed al li on T ra ns fe r . . . . 3 ,4 01 5 ,7 35 9 ,7 57 8 ,0 03 1 1, 00 9 1 0, 46 8 1 1, 33 1 6 ,6 51 6 ,8 89 7 ,0 03
O ff -T ra ck B et ti ng S ur ta x . . . . 1 ,0 28 1 ,2 41 1 ,4 05 1 ,1 28 1 ,2 72 2 ,9 66 3 ,6 32 1 7, 71 7 1 9, 01 4 1 9, 99 5
(C o n ti
n u ed
)
331
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d R ev en u es a n d O th er F in an ci n g S ou rc es — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
T ax es : (c on t. )
O th er T ax es ( co nt .)
S ur ch ar ge o n L iq uo r L ic en se s $
6, 17 6 $
6, 30 9 $
5, 77 2 $
5, 75 9 $
5, 48 7 $
5, 13 2 $
5, 10 4 $
5, 52 0 $
5, 18 6 $
4, 91 2
R ef un ds o f O th er T ax es . . . . . (3 3, 65 4) (2 8, 60 8) (3 3, 98 5) (3 1, 42 2) (2 3, 36 6) (2 7, 38 0) (3 0, 63 9) (2 8, 90 6) (3 0, 58 7) (2 5, 09 1)
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al O th er T ax es . . . . . . . . 3 ,4 25 ,2 33 3, 12 0, 07 8 2, 60 2, 16 0 2, 34 3, 58 7 2, 15 5, 74 8 1, 88 0, 69 6 1, 92 7, 05 0 2, 58 0, 30 1 2, 85 1, 57 3 2, 33 8, 98 7
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
P en al ti es a nd I nt er es t on
D el in qu en t T ax es :
P en al ti es a nd I nt er es t on
R ea l E st at e T ax es . . . . . . . . 5 6, 59 4 6 4, 23 1 5 4, 56 9 4 2, 49 4 4 6, 85 7 4 2, 98 2 5 0, 84 9 4 1, 80 1 4 6, 68 0 4 3, 19 3
R ef un ds — P en al ti es a nd
I nt er es t on O th er T ax es . . . (6 ,0 61 ) ( 3, 36 4) ( 34 6) ( 40 7) ( 77 1) ( 2, 74 0) ( 2, 20 8) ( 2, 85 2) ( 5, 67 4) ( 1, 43 6)
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al P en al ti es a nd I nt er es t
o n D el in qu en t T ax es . . . . . 5 0, 53 3 6 0, 86 7 5 4, 22 3 4 2, 08 7 4 6, 08 6 4 0, 24 2 4 8, 64 1 3 8, 94 9 4 1, 00 6 4 1, 75 7
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al T ax es . . . . . . . . . . . . . 5 1, 94 1, 34 1 4 8, 37 5, 41 1 4 5, 72 1, 78 3 4 2, 11 1, 38 6 4 0, 34 9, 80 4 3 7, 20 0, 97 3 3 5, 87 2, 57 4 3 8, 60 0, 52 9 3 7, 84 1, 86 2 3 4, 21 1, 18 8
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
F ed er al G ra n ts —
C at eg or ic al :
G en er al G ov er nm en t . . . . . . . 6 97 ,6 36 48 7, 58 0 84 3, 97 4 41 1, 74 4 46 1, 41 4 52 8, 59 0 42 3, 88 9 40 6, 31 5 36 3, 31 0 44 1, 28 8
P ub li c S af et y an d Ju di ci al . . . 37 4, 40 6 40 4, 04 4 48 8, 96 1 29 1, 80 6 29 9, 54 3 20 9, 99 0 14 0, 13 8 13 1, 97 4 16 1, 45 0 18 1, 66 7
E du ca ti on . . . . . . . . . . . . . . . . 1, 67 6, 89 8 1, 67 2, 47 3 1, 87 2, 59 1 1, 86 0, 50 9 2, 76 1, 49 8 2, 91 1, 46 8 1, 71 6, 83 6 1, 73 8, 83 5 1, 74 4, 74 0 1, 69 3, 17 0
S oc ia l S er vi ce s . . . . . . . . . . . 3 ,1 40 ,5 40 3, 27 4, 67 8 3, 39 2, 70 2 3, 36 2, 56 4 3, 29 0, 89 5 3, 16 4, 12 7 2, 84 1, 14 0 2, 72 8, 38 1 2, 52 2, 28 3 2, 28 4, 06 6
E nv ir on m en ta l P ro te ct io n . . . 6 ,5 02 2 8, 26 7 69 4, 50 2 2 6, 94 5 7 ,8 33 7 ,0 10 5 ,9 36 9 ,3 46 5 ,4 68 53
T ra ns po rt at io n S er vi ce s . . . . . 8 6, 33 6 8 6, 93 4 13 3, 87 2 8 7, 72 8 10 2, 79 8 8 9, 41 3 7 5, 96 4 4 4, 68 1 4 2, 36 0 3 2, 19 0
P ar ks , R ec re at io n an d
C ul tu ra l A ct iv it ie s . . . . . . . 1 ,3 42 1 0, 27 8 6 3, 03 1 1 3, 04 6 1 ,4 42 6 97 9 21 1 ,1 43 1 ,0 62 1 ,1 37
H ou si ng . . . . . . . . . . . . . . . . . 4 78 ,2 73 47 2, 45 0 50 6, 46 3 52 2, 72 8 48 3, 78 7 49 2, 31 0 43 5, 56 6 34 2, 58 4 33 1, 52 3 32 3, 70 2
H ea lt h . . . . . . . . . . . . . . . . . . 32 0, 21 1 33 2, 29 9 42 2, 47 2 42 0, 75 8 30 4, 61 5 28 2, 58 9 30 0, 26 0 28 8, 41 9 29 8, 99 9 28 5, 83 9
L ib ra ri es . . . . . . . . . . . . . . . . — — 1 56 — — — — — — —
C it y U ni ve rs it y . . . . . . . . . . . 1, 89 2 (1 ,9 41 ) 2 ,3 06 — 3 2, 83 6 1 3, 81 5 47 — 10 3 08
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al F ed er al G ra nt s . . . . . . 6, 78 4, 03 6 6, 76 7, 06 2
8, 42 1, 03 0 6, 99 7, 82 8 7, 74 6, 66 1 7, 70 0, 00 9 5, 94 0, 69 7 5, 69 1, 67 8 5, 47 1, 20 5 5, 24 3, 42 0
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
(C o n ti
n u ed
)
332
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d R ev en u es a n d O th er F in an ci n g S ou rc es — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
S ta te G ra n ts — C at eg or ic al :
G en er al G ov er nm en t . . . . . . . $ 6 71 ,1 96 $ 64 2, 31 9 $ 48 0, 17 8 $ 35 1, 59 8 $ 51 8, 00 5 $ 50 9, 37 0 $ 45 2, 63 2 $ 32 4, 54 6 $ 21 2, 06 2 $ 91 ,5 08
P ub li c S af et y an d Ju di ci al . . . 8 4, 67 9 7 9, 45 2 7 1, 95 2 7 0, 65 8 13 0, 01 3 13 8, 91 9 15 2, 26 5 16 1, 60 1 17 5, 94 5 14 7, 59 2
E du ca ti on . . . . . . . . . . . . . . . . 9, 13 1, 45 8 7, 90 7, 17 5 7, 93 3, 48 0 8, 01 1, 63 9 8, 11 0, 19 8 8, 07 7, 84 9 8, 63 8, 84 6 8, 01 0, 80 7 7, 20 6, 93 0 6, 70 2, 43 4
S oc ia l S er vi ce s . . . . . . . . . . . 1 ,4 50 ,0 44 1, 45 2, 25 3 1, 54 6, 46 3 1, 56 8, 40 0 1, 78 0, 57 8 2, 13 8, 93 6 2, 07 2, 89 7 2, 09 7, 65 8 1, 92 4, 21 5 1, 93 4, 18 0
E nv ir on m en ta l P ro te ct io n . . . 8 77 1 62 1 ,8 59 4 ,9 41 1 0, 21 5 2 ,0 62 8 ,0 60 7 ,1 30 1 ,4 35 2 1, 27 9
T ra ns po rt at io n S er vi ce s . . . . . 1 65 ,0 84 15 8, 18 3 15 0, 03 0 16 7, 42 7 15 2, 53 2 15 4, 44 3 14 9, 02 1 15 5, 42 6 13 1, 56 7 11 9, 86 2
P ar ks , R ec re at io n an d
C ul tu ra l A ct iv it ie s . . . . . . . 2 ,2 50 1 ,3 62 1 ,8 95 1 ,2 96 1 ,0 64 1 ,3 70 2 ,2 07 9 31 8 68 6 90
H ou si ng . . . . . . . . . . . . . . . . . 68 3 6 49 2 ,8 20 3 ,7 08 1 ,7 18 1 ,0 75 1 ,9 45 1 ,7 23 1 ,8 20 59
H ea lt h . . . . . . . . . . . . . . . . . . 36 3, 98 7 45 3, 53 2 49 4, 82 3 53 5, 59 7 39 7, 24 0 44 8, 31 9 46 7, 75 7 48 6, 84 5 42 7, 48 4 41 4, 53 1
C it y U ni ve rs it y . . . . . . . . . . . 2 26 ,7 61 22 1, 00 4 20 0, 46 1 17 8, 59 0 15 3, 80 2 17 3, 22 7 17 8, 47 1 17 4, 46 5 16 4, 72 5 15 3, 43 1
G en er al D eb t S er vi ce F un d . . —
— 14 3, 00 0 21 9, 92 1 — — — — — —
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al S ta te G ra nt s . . . . . . . . 1 2, 09 7, 01 9 1 0, 91 6, 09 1 1 1, 02 6, 96 1 1 1, 11 3, 77 5 1 1, 25 5, 36 5 1 1, 64 5, 57 0 1 2, 12 4, 10 1 1 1, 42 1, 13 2 1 0, 24 7, 05 1 9, 58 5, 56 6
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
N on -G ov er n m en ta l G ra n ts :
G en er al G ov er nm en t . . . . . . . 2 70 ,3 42 29 6, 57 8 42 6, 22 3 45 5, 26 4 50 5, 56 0 42 8, 68 8 36 1, 85 2 44 8, 29 3 46 9, 16 6 62 0, 49 6
P ub li c S af et y an d Ju di ci al . . . 19 0, 41 5 22 2, 53 6 28 3, 61 3 31 4, 37 6 30 1, 75 0 28 7, 72 9 30 2, 31 4 26 2, 19 6 23 8, 93 9 23 2, 90 4
E du ca ti on . . . . . . . . . . . . . . . . 15 1, 46 1 15 3, 34 2 12 1, 24 4 8 0, 97 3 10 6, 14 5 7 6, 51 1 7 1, 68 5 8 9, 23 2 5 6, 40 7 5 6, 09 8
S oc ia l S er vi ce s . . . . . . . . . . . 3, 00 0 44 2 06 6 1 99 2 90 3 24 5 84 5 ( 43 )
E nv ir on m en ta l P ro te ct io n . . . 1 7, 71 4 2 3, 33 1 1 1, 08 8 2 4, 66 7 2 0, 95 2 25 0, 70 7 6 2, 43 7 2 ,8 32 3 ,0 56 2 ,0 92
T ra ns po rt at io n S er vi ce s . . . . . 2, 02 6 1 ,9 16 1 ,3 39 1 ,2 56 1 ,8 53 1 ,8 91 1 ,1 61 1 ,6 97 1 ,8 09 8 93
P ar ks , R ec re at io n an d
C ul tu ra l A ct iv it ie s . . . . . . . 1 4, 83 9 1 4, 27 0 1 1, 68 3 1 1, 90 0 1 4, 35 4 1 3, 51 2 1 1, 70 3 1 0, 65 8 7 ,7 68 1 4, 61 5
H ou si ng . . . . . . . . . . . . . . . . . 6, 81 2 1 3, 01 4 5 ,4 50 3 1, 07 9 9 ,2 93 1 8, 01 3 3 6, 77 3 3 2, 64 5 3 1, 71 3 —
H ea lt h . . . . . . . . . . . . . . . . . . 1 ,1 44 (3 ,0 59 ) 1 ,6 68 9 ,5 88 28 4, 96 9 29 4, 28 4 25 3, 61 1 23 9, 64 1 22 6, 86 9 21 9, 92 2
C it y U ni ve rs it y . . . . . . . . . . . 8, 90 6 8 ,6 69 8 ,4 11 9 ,6 05 9 ,8 20 1 ,1 54 1 ,3 64 1 ,7 31 1 ,6 57 2 ,6 28
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al N on -G ov er nm en ta l
G ra nt s . . . . . . . . . . . . . . . 66 6, 65 9 73 0, 64 1 87 0, 92 5 93 8, 71 4 1, 25 4, 89 5 1, 37 2, 77 9 1, 10 3, 22 4 1, 08 9, 50 9 1, 03 7, 38 9 1, 14 9, 60 5
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
P ro vi si on f or D is al lo w an ce s
of F ed er al , S ta te a n d
O th er A id . . . . . . . . . . . . . . . ( 10 9, 97 2) (1 8, 55 6) (5 9, 20 2) 1 66 ,0 18 ( 11 1, 65 9) —
— ( 11 4, 30 0) ( 10 2, 90 0) ( 54 2, 00 0)
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
(C o n ti
n u ed
)
333
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d R ev en u es a n d O th er F in an ci n g S ou rc es — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
U n re st ri ct ed F ed er al a n d
S ta te A id :
F ed er al a nd S ta te R ev en ue
S ha ri ng . . . . . . . . . . . . . . . . $ — $
— $
— $
— $
— $ (2 5, 73 1) $ 32 7, 39 0 $ 24 2, 09 0 $ 20 ,0 00 $ 32 7, 39 0
In te rg ov er nm en ta l A id . . . . . . 4 09 — — 2 5, 00 0 3 8, 99 7 8 ,1 68 — 26 1 5, 05 4 16 6, 76 4
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al U nr es tr ic te d F ed er al
a nd S ta te A id . . . . . . . . . 4 09 — — 2 5, 00 0 3 8, 99 7 ( 17 ,5 63 ) 3 27 ,3 90 24 2, 11 6 3 5, 05 4 49 4, 15 4
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
C h ar ge s fo r S er vi ce s:
G en er al G ov er nm en t C ha rg es 97 3, 75 6 95 0, 83 4 87 1, 67 6 85 0, 00 5 77 6, 04 1 74 5, 94 9 68 7, 06 0 63 8, 21 4 61 3, 16 2 61 1, 31 6
W at er a nd S ew er . . . . . . . . . . 1, 43 9, 41 5 1, 49 0, 55 0 1, 36 1, 05 5 1, 37 3, 03 8 1, 29 4, 53 3 1, 53 9, 84 5 1, 28 3, 50 5 1, 20 2, 19 0 1, 06 3, 87 3 98 9, 54 5
H ou si ng . . . . . . . . . . . . . . . . . 4 8, 13 1 3 3, 63 5 4 2, 28 0 2 4, 20 1 2 0, 70 5 1 8, 80 2 1 8, 92 5 2 8, 66 1 3 2, 44 1 2 6, 90 9
R en ta l In co m e . . . . . . . . . . . . 28 3, 83 5 31 1, 44 1 29 6, 75 3 29 1, 22 5 25 3, 40 3 23 4, 38 8 25 5, 43 4 25 6, 80 5 21 1, 27 6 20 9, 18 9
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al C ha rg es f or S er vi ce s . 2, 74 5, 13 7 2, 78 6, 46 0 2, 57 1, 76 4 2, 53 8, 46 9 2, 34 4, 68 2 2, 53 8, 98 4 2, 24 4, 92 4 2, 12 5, 87 0 1, 92 0, 75 2 1, 83 6, 95 9
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
In ve st m en t In co m e . . . . . . . . . 2 9, 88 9 1 5, 98 5 1 6, 19 6 1 6, 22 1 2 0, 78 6 2 2, 15 9 12 3, 90 3 37 6, 79 8 47 3, 06 0 36 2, 19 7
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
L ic en se s, P er m it s, P ri vi le ge s
an d F ra n ch is es :
L ic en se s . . . . . . . . . . . . . . . . . 8 1, 45 8 8 0, 08 2 6 4, 69 6 6 4, 11 6 5 7, 02 7 5 6, 30 6 4 9, 43 6 5 2, 80 5 4 5, 56 8 5 0, 22 1
P er m it s . . . . . . . . . . . . . . . . . . 27 7, 37 8 23 3, 04 4 20 4, 19 1 19 0, 35 8 16 0, 42 2 14 0, 41 9 15 1, 23 4 16 0, 79 1 14 6, 68 3 13 6, 47 5
P ri vi le ge s an d F ra nc hi se s . . . 34 4, 17 2 33 4, 70 7 32 3, 70 3 32 8, 78 0 30 7, 22 1 29 0, 71 6 29 1, 96 9 28 8, 63 5 27 7, 77 6 23 1, 19 8
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al L ic en se s, P er m it s,
P ri vi le ge s an d F ra nc hi se s 70 3, 00 8 64 7, 83 3 59 2, 59 0 58 3, 25 4 52 4, 67 0 48 7, 44 1 49 2, 63 9 50 2, 23 1 47 0, 02 7 41 7, 89 4
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
F in es a n d F or fe it u re s:
F in es . . . . . . . . . . . . . . . . . . . . 9 57 ,0 06 89 0, 35 6 81 1, 35 5 85 4, 67 7 81 6, 66 4 82 8, 71 3 79 8, 05 5 82 5, 17 7 73 8, 01 6 71 7, 80 5
F or fe it ur es . . . . . . . . . . . . . . . 2 ,2 79 1 ,8 26 3 ,3 72 3 ,8 85 3 ,4 31 4 ,3 97 4 ,1 82 4 ,4 77 3 ,3 55 5 ,7 19
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al F in es a nd F or fe it ur es
95 9, 28 5 89 2, 18 2 81 4, 72 7 85 8, 56 2 82 0, 09 5 83 3, 11 0 80 2, 23 7 82 9, 65 4 74 1, 37 1 72 3, 52 4
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
M is ce ll an eo u s . . . . . . . . . . . . . . 1, 66 5, 64 0 1, 14 6, 66 0 54 5, 25 3 1, 13 3, 02 9 56 2, 54 2 68 7, 11 4 81 7, 40 4 65 8, 30 0 63 8, 09 9 41 2, 86 2
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ob ac co S et tl em en t . . . . . . . . . — — — — — — — — — 5 ,4 10
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
(C o n ti
n u ed
)
334
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d R ev en u es a n d O th er F in an ci n g S ou rc es — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
P ol lu ti on R em ed ia ti on —
B on d S al es . . . . . . . . . . . . . $ 2 41 ,1 26 $
29 3, 58 6 $
19 1, 54 7 $
20 1, 83 0 $
26 7, 80 1 $
20 5, 97 2 $
17 6, 42 5 $
— $
— $
— __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ra ns fe r fr om G en er al D eb t
S er vi ce F un d . . . . . . . . . . . 8 1, 78 6 8 1, 47 4 8 6, 11 5 8 8, 13 3 6 7, 50 3 1 1, 79 8 — — — —
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ra ns fe r fr om N on m aj or D eb t
S er vi ce F un d . . . . . . . . . . . 2 29 ,9 49 24 5, 70 0 22 9, 53 8 20 9, 44 6 17 7, 75 5 12 4, 96 8 14 5, 64 4 55 2, 00 6 — 10 2, 93 8
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al R ev en ue s . . . . . . . . . . $ 78 ,0 35 ,3 12 $ 72 ,8 80 ,5 30 $ 71 ,0 29 ,2 27 $ 66 ,9 81 ,6 65 $ 65 ,3 19 ,8 97 $ 62 ,8 13 ,3 14 $ 60 ,1 71 ,1 62 $ 61 ,9 75 ,5 23 $ 58 ,7 72 ,9 70 $ 54 ,0 03 ,7 17
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
335
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al G ov er n m en t:
00 2 M ay or al ty . . . . . . . . . . . $ 88 ,9 98 $ 8 4, 16 8 $ 8 1, 03 1 $ 8 1, 18 3 $ 8 1, 86 0 $ 8 4, 92 0 $ 8 2, 31 8 $ 8 2, 25 9 $ 7 8, 13 0 $ 7 2, 27 0
00 3 B oa rd o f E le ct io ns . . . . . 10 6, 68 6 11 6, 08 1 10 7, 47 2 10 9, 83 9 10 2, 82 3 9 5, 65 4 8 1, 05 4 8 0, 67 4 7 1, 74 8 6 2, 44 8
00 4 C am pa ig n F in an ce
B oa rd . . . . . . . . . . . . . 1 0, 64 7 5 3, 53 0 9 ,6 18 9 ,6 45 1 1, 27 9 4 4, 31 4 8 ,6 58 6 ,4 95 6 ,5 73 3 8, 58 2
00 8 O ff ic e of t he A ct ua ry . . . 6 ,2 46 5 ,5 68 5 ,7 03 5 ,5 47 4 ,9 81 4 ,9 77 4 ,6 89 5 ,0 51 4 ,5 19 4 ,9 43
01 0 B or ou gh P re si de nt —
M an ha tt an . . . . . . . . . . 4 ,4 00 4 ,0 66 4 ,4 28 4 ,5 41 4 ,3 53 4 ,6 97 4 ,9 93 5 ,8 19 4 ,6 90 4 ,3 16
01 1 B or ou gh P re si de nt —
B ro nx . . . . . . . . . . . . . 5 ,2 83 4 ,9 01 4 ,9 82 4 ,8 63 4 ,8 61 4 ,8 62 5 ,5 44 6 ,9 23 6 ,3 50 5 ,6 13
01 2 B or ou gh P re si de nt —
B ro ok ly n . . . . . . . . . . . 5, 85 1 5 ,0 89 5 ,1 87 5 ,1 40 5 ,3 74 5 ,3 00 5 ,6 52 8 ,0 88 6 ,0 72 5 ,4 35
01 3 B or ou gh P re si de nt —
Q ue en s . . . . . . . . . . . . 4 ,7 54 4 ,9 77 4 ,5 84 4 ,5 86 4 ,6 99 4 ,5 95 4 ,7 17 6 ,6 50 5 ,5 28 4 ,9 46
01 4 B or ou gh P re si de nt —
S ta te n Is la nd . . . . . . . . 3, 77 6 4 ,1 30 3 ,9 04 3 ,8 59 3 ,7 70 3 ,8 75 3 ,9 83 4 ,7 12 4 ,2 65 3 ,9 72
01 5 O ff ic e of t he
C om pt ro ll er . . . . . . . . . 7 5, 63 4 7 0, 27 0 6 1, 23 8 5 9, 20 5 5 4, 37 1 5 7, 15 1 6 1, 21 5 5 8, 90 8 5 6, 79 4 5 5, 38 6
02 1 O ff ic e of A dm in is tr at iv e
T ax A pp ea ls . . . . . . . . 4 ,2 61 4 ,1 62 4 ,2 47 3 ,8 50 3 ,7 12 3 ,7 07 3 ,9 87 3 ,0 72 2 ,6 01 2 ,3 60
02 5 L aw D ep ar tm en t . . . . . . . 1 65 ,6 19 15 1, 08 5 13 3, 66 3 12 4, 94 1 12 1, 78 9 13 1, 83 2 11 8, 59 3 11 6, 34 5 12 0, 66 9 11 9, 30 6
03 0 D ep ar tm en t of C it y
P la nn in g . . . . . . . . . . . 2 4, 62 1 2 0, 39 5 2 0, 92 8 2 2, 83 1 2 3, 58 9 2 5, 85 6 2 6, 89 5 2 4, 39 6 2 2, 05 1 2 2, 07 3
03 2 D ep ar tm en t of
I nv es ti ga ti on . . . . . . . . 3 1, 46 5 2 5, 09 9 3 0, 59 4 1 5, 34 1 1 6, 29 6 1 7, 70 5 1 7, 75 6 1 8, 81 9 1 7, 91 2 1 7, 93 0
10 1 P ub li c A dv oc at e . . . . . . . 2 ,7 47 2 ,3 22 2 ,2 41 2 ,2 36 2 ,2 12 2 ,5 73 2 ,8 06 3 ,1 15 3 ,0 31 2 ,9 01
10 2 C it y C ou nc il . . . . . . . . . 5 6, 87 6 5 1, 54 0 5 1, 59 0 5 1, 89 1 5 1, 03 8 5 1, 46 0 4 9, 52 4 5 1, 20 3 5 0, 31 5 4 7, 74 6
10 3 C it y C le rk . . . . . . . . . . . 5, 58 7 4 ,7 52 4 ,4 07 4 ,4 11 4 ,4 45 4 ,2 21 4 ,3 29 3 ,8 12 3 ,6 29 3 ,1 15
12 7 F in an ci al I nf or m at io n
S er vi ce s A ge nc y . . . . . 8 2, 57 1 8 1, 62 6 7 7, 34 6 7 4, 50 9 4 6, 84 5 4 5, 29 9 4 3, 98 8 4 3, 74 3 4 2, 47 4 3 5, 81 7
13 1 O ff ic e of P ay ro ll
A dm in is tr at io n . . . . . . 1 4, 67 8 1 3, 71 3 1 1, 03 3 ( 17 ,7 82 ) 56 ,9 97 2 2, 17 0 1 1, 64 7 1 1, 19 5 9 ,4 26 8 ,0 88
13 2 I nd ep en de nt B ud ge t
O ff ic e . . . . . . . . . . . . . 3 ,9 44 3 ,9 98 3 ,8 89 3 ,6 93 3 ,3 97 3 ,1 89 2 ,8 84 2 ,9 25 2 ,8 45 2 ,6 55
13 3 E qu al E m pl oy m en t
P ra ct ic es C om m is si on . 7 01 4 64 4 19 6 27 7 22 7 51 7 59 7 53 7 83 7 29
(C o n ti
n u ed
)
336
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al G ov er n m en t: ( co n t. )
13 4 C iv il S er vi ce
C om m is si on . . . . . . . . $ 7 35 $ 79 9 $ 76 7 $ 65 1 $ 48 2 $ 55 4 $ 60 6 $ 58 3 $ 53 0 $ 45 2
13 6 L an dm ar ks P re se rv at io n
C om m is si on . . . . . . . . 4, 78 2 4 ,7 43 4 ,4 48 4 ,2 73 4 ,4 79 4 ,6 08 4 ,5 99 4 ,4 08 4 ,2 24 3 ,6 60
13 8 D is tr ic ti ng
C om m is si on . . . . . . . . —
14 1 ,3 81 — — — — — — —
22 6 C om m is si on o n
H um an R ig ht s . . . . . . . 5, 72 2 5 ,5 38 5 ,9 36 6 ,0 33 6 ,1 36 6 ,8 99 7 ,1 30 6 ,7 79 6 ,6 73 6 ,5 24
26 0 D ep ar tm en t of Y ou th
a nd C om m un it y
D ev el op m en t . . . . . . . . 41 9, 39 4 36 8, 05 4 30 7, 73 1 29 9, 96 7 31 8, 83 2 38 1, 49 0 35 4, 14 6 36 4, 26 7 28 0, 18 6 27 9, 37 3
31 2 C on fl ic ts o f In te re st B oa rd 2, 19 3 2 ,0 54 2 ,0 32 1 ,9 60 1 ,9 81 1 ,9 09 1 ,8 78 1 ,8 83 1 ,7 38 1 ,4 35
31 3 O ff ic e of C ol le ct iv e
B ar ga in in g . . . . . . . . . 1 ,7 54 2 ,1 01 2 ,1 06 2 ,0 71 2 ,0 13 2 ,0 30 1 ,8 82 1 ,8 61 1 ,8 19 1 ,7 02
34 1 M an ha tt an C om m un it y
B oa rd # 1 . . . . . . . . . . 2 67 2 40 2 29 2 20 2 32 2 05 2 09 1 99 1 92 1 91
34 2 M an ha tt an C om m un it y
B oa rd # 2 . . . . . . . . . . 2 82 2 71 2 69 2 73 3 16 3 15 3 10 2 89 2 72 3 00
34 3 M an ha tt an C om m un it y
B oa rd # 3 . . . . . . . . . . 3 58 3 52 3 35 3 34 3 30 3 32 3 32 3 19 3 10 2 27
34 4 M an ha tt an C om m un it y
B oa rd # 4 . . . . . . . . . . 2 78 2 83 2 81 2 75 2 45 2 51 2 78 2 50 2 31 2 06
34 5 M an ha tt an C om m un it y
B oa rd # 5 . . . . . . . . . . 2 64 2 54 2 54 2 53 2 43 2 39 2 40 2 29 2 40 2 31
34 6 M an ha tt an C om m un it y
B oa rd # 6 . . . . . . . . . . 3 20 3 64 3 08 2 46 2 91 2 76 2 67 2 93 2 71 2 74
34 7 M an ha tt an C om m un it y
B oa rd # 7 . . . . . . . . . . 3 07 2 95 3 16 2 97 2 12 2 23 2 20 2 12 2 11 2 01
34 8 M an ha tt an C om m un it y
B oa rd # 8 . . . . . . . . . . 3 36 3 12 3 44 3 35 2 85 2 88 2 82 2 71 2 84 2 85
34 9 M an ha tt an C om m un it y
B oa rd # 9 . . . . . . . . . . 2 49 2 29 2 25 2 35 2 35 2 22 2 12 3 08 2 25 3 28
35 0 M an ha tt an C om m un it y
B oa rd # 10
. . . . . . . . . 2 93 1 88 2 14 2 22 2 50 1 99 1 95 2 39 2 36 2 27
(C o n ti
n u ed
)
337
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al G ov er n m en t: ( co n t. )
35 1 M an ha tt an C om m un it y
B oa rd # 11
. . . . . . . . . $ 25 1 $ 26 9 $ 26 8 $ 26 4 $ 25 5 $ 25 2 $ 24 7 $ 20 8 $ 20 0 $ 19 7
35 2 M an ha tt an C om m un it y
B oa rd # 12
. . . . . . . . . 2 04 1 99 1 92 2 06 1 95 1 79 1 84 1 87 1 86 1 75
38 1 B ro nx C om m un it y
B oa rd # 1 . . . . . . . . . . 2 76 2 52 2 58 2 55 2 35 2 48 2 50 2 38 2 19 2 04
38 2 B ro nx C om m un it y
B oa rd # 2 . . . . . . . . . . 2 52 2 46 2 37 2 44 2 43 2 40 2 47 2 44 2 11 2 28
38 3 B ro nx C om m un it y
B oa rd # 3 . . . . . . . . . . 2 65 2 55 2 59 2 50 2 45 2 47 2 34 2 32 2 23 2 19
38 4 B ro nx C om m un it y
B oa rd # 4 . . . . . . . . . . 2 11 1 96 2 31 2 07 1 99 2 08 1 94 1 61 1 90 1 98
38 5 B ro nx C om m un it y
B oa rd # 5 . . . . . . . . . . 2 47 2 11 2 16 2 07 2 06 2 16 2 03 2 00 2 07 1 76
38 6 B ro nx C om m un it y
B oa rd # 6 . . . . . . . . . . 2 07 2 01 2 02 2 03 1 97 2 02 1 98 2 01 1 91 1 86
38 7 B ro nx C om m un it y
B oa rd # 7 . . . . . . . . . . 2 56 2 25 2 03 2 58 2 44 2 47 2 46 2 45 2 16 2 15
38 8 B ro nx C om m un it y
B oa rd # 8 . . . . . . . . . . 2 43 2 58 2 55 2 54 2 47 2 51 2 49 2 58 2 03 2 18
38 9 B ro nx C om m un it y
B oa rd # 9 . . . . . . . . . . 2 59 2 32 2 22 2 25 1 68 1 64 2 09 2 20 1 87 1 91
39 0 B ro nx C om m un it y
B oa rd # 10
. . . . . . . . . 2 79 2 76 2 70 2 69 2 59 2 56 2 27 2 42 2 02 2 44
39 1 B ro nx C om m un it y
B oa rd # 11
. . . . . . . . . 2 63 2 54 2 48 2 45 2 36 2 43 2 40 2 35 2 24 2 25
39 2 B ro nx C om m un it y
B oa rd # 12
. . . . . . . . . 2 09 2 06 2 06 2 07 2 08 1 88 1 82 1 95 1 90 1 88
43 1 Q ue en s C om m un it y
B oa rd # 1 . . . . . . . . . . 2 02 1 15 1 72 1 74 2 08 2 32 2 34 2 24 2 15 2 11
43 2 Q ue en s C om m un it y
B oa rd # 2 . . . . . . . . . . 2 84 2 60 2 71 2 66 2 75 2 64 2 69 2 54 2 30 2 34
43 3 Q ue en s C om m un it y
B oa rd # 3 . . . . . . . . . . 2 67 2 85 2 65 2 59 2 79 2 56 2 53 2 49 2 40 2 35
(C o n ti
n u ed
)
338
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al G ov er n m en t: ( co n t. )
43 4 Q ue en s C om m un it y
B oa rd # 4 . . . . . . . . . . $ 24 7 $ 22 5 $ 22 5 $ 24 4 $ 25 0 $ 22 3 $ 24 1 $ 23 3 $ 21 5 $ 19 2
43 5 Q ue en s C om m un it y
B oa rd # 5 . . . . . . . . . . 2 52 2 42 2 31 2 38 2 35 2 34 2 32 2 25 2 20 2 14
43 6 Q ue en s C om m un it y
B oa rd # 6 . . . . . . . . . . 2 64 2 13 2 65 2 43 2 63 2 58 2 41 2 35 2 22 2 20
43 7 Q ue en s C om m un it y
B oa rd # 7 . . . . . . . . . . 2 88 2 82 2 62 2 75 2 77 2 70 2 76 2 68 2 57 2 16
43 8 Q ue en s C om m un it y
B oa rd # 8 . . . . . . . . . . 2 75 2 70 2 61 2 72 2 68 2 69 2 79 2 59 2 52 2 49
43 9 Q ue en s C om m un it y
B oa rd # 9 . . . . . . . . . . 1 80 2 05 2 01 2 06 1 94 2 03 2 04 1 95 1 90 1 85
44 0 Q ue en s C om m un it y
B oa rd # 10
. . . . . . . . . 2 40 2 37 2 40 2 42 2 29 2 28 2 28 2 36 2 30 2 21
44 1 Q ue en s C om m un it y
B oa rd # 11
. . . . . . . . . 2 77 2 50 2 52 2 55 2 42 2 49 2 51 2 43 2 48 2 18
44 2 Q ue en s C om m un it y
B oa rd # 12
. . . . . . . . . 2 52 2 40 2 23 2 20 2 08 2 25 2 15 2 09 2 20 1 96
44 3 Q ue en s C om m un it y
B oa rd # 13
. . . . . . . . . 2 28 2 09 2 38 2 47 2 40 1 69 2 05 2 11 2 42 1 91
44 4 Q ue en s C om m un it y
B oa rd # 14
. . . . . . . . . 2 35 2 26 2 22 2 27 2 17 2 20 2 18 2 13 2 12 2 05
47 1 B ro ok ly n C om m un it y
B oa rd # 1 . . . . . . . . . . 2 79 2 70 2 72 2 73 2 64 2 56 2 58 2 56 2 48 2 47
47 2 B ro ok ly n C om m un it y
B oa rd # 2 . . . . . . . . . . 2 49 2 52 2 46 2 40 2 43 2 37 2 24 2 09 2 27 3 24
47 3 B ro ok ly n C om m un it y
B oa rd # 3 . . . . . . . . . . 2 52 2 30 2 35 2 15 1 85 1 95 2 14 2 17 2 10 1 81
47 4 B ro ok ly n C om m un it y
B oa rd # 4 . . . . . . . . . . 2 10 1 57 2 53 2 56 3 08 2 49 2 04 1 09 1 84 1 81
47 5 B ro ok ly n C om m un it y
B oa rd # 5 . . . . . . . . . . 2 05 1 96 1 96 2 04 1 80 1 74 1 90 1 97 1 90 1 86
47 6 B ro ok ly n C om m un it y
B oa rd # 6 . . . . . . . . . . 2 33 2 38 1 90 2 01 1 97 2 66 2 53 1 97 2 11 1 99
(C o n ti
n u ed
)
339
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al G ov er n m en t: ( co n t. )
47 7 B ro ok ly n C om m un it y
B oa rd # 7 . . . . . . . . . . $ 21 7 $ 20 7 $ 20 7 $ 20 6 $ 20 7 $ 20 8 $ 20 3 $ 19 9 $ 19 3 $ 18 6
47 8 B ro ok ly n C om m un it y
B oa rd # 8 . . . . . . . . . . 2 57 2 39 2 52 2 47 2 40 2 46 2 48 2 76 2 46 2 18
47 9 B ro ok ly n C om m un it y
B oa rd # 9 . . . . . . . . . . 2 31 2 18 2 01 1 81 1 80 2 17 2 11 2 04 1 71 1 95
48 0 B ro ok ly n C om m un it y
B oa rd # 10
. . . . . . . . . 3 06 2 81 2 83 2 71 2 80 2 57 2 50 1 99 1 94 1 87
48 1 B ro ok ly n C om m un it y
B oa rd # 11
. . . . . . . . . 2 54 2 38 2 34 2 31 2 31 2 12 2 29 2 28 2 20 2 17
48 2 B ro ok ly n C om m un it y
B oa rd # 12
. . . . . . . . . 2 90 2 71 2 79 2 65 2 64 2 71 2 70 2 73 2 62 2 19
48 3 B ro ok ly n C om m un it y
B oa rd # 13
. . . . . . . . . 2 48 2 51 2 33 2 44 2 29 2 38 2 24 1 81 2 32 2 30
48 4 B ro ok ly n C om m un it y
B oa rd # 14
. . . . . . . . . 2 79 2 77 2 77 2 75 2 63 2 62 2 53 2 60 2 52 2 43
48 5 B ro ok ly n C om m un it y
B oa rd # 15
. . . . . . . . . 1 50 1 55 1 63 1 71 1 55 1 65 1 39 1 21 1 70 1 83
48 6 B ro ok ly n C om m un it y
B oa rd # 16
. . . . . . . . . 1 93 2 38 2 43 2 47 2 35 2 35 2 33 2 28 2 17 2 12
48 7 B ro ok ly n C om m un it y
B oa rd # 17
. . . . . . . . . 3 07 2 21 1 88 2 82 3 15 2 79 2 73 2 59 2 44 2 38
48 8 B ro ok ly n C om m un it y
B oa rd # 18
. . . . . . . . . 2 13 1 99 2 03 2 05 1 88 1 97 2 01 1 97 1 91 1 84
49 1 S ta te n Is la nd C om m un it y
B oa rd # 1 . . . . . . . . . . 2 55 2 43 2 37 2 40 2 35 2 38 2 56 2 50 2 40 2 31
49 2 S ta te n Is la nd C om m un it y
B oa rd # 2 . . . . . . . . . . 2 24 2 12 1 89 2 07 1 92 2 00 2 43 1 49 2 28 2 32
49 3 S ta te n Is la nd C om m un it y
B oa rd # 3 . . . . . . . . . . 3 08 2 91 2 69 2 58 2 56 2 75 2 71 2 42 2 50 2 53
80 1 D ep ar tm en t of S m al l
B us in es s S er vi ce s . . . . 23 1, 81 1 19 6, 01 9 14 3, 95 0 13 2, 97 6 14 2, 31 9 15 2, 64 0 14 9, 56 4 13 2, 37 1 12 0, 09 4 11 9, 64 4
82 0 O ff ic e of A dm in is tr at iv e
T ri al s an d H ea ri ng s . . . 3 4, 36 2 3 1, 30 3 3 0, 56 0 3 0, 43 3 2 3, 32 2 — — — — —
(C o n ti
n u ed
)
340
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al G ov er n m en t: ( co n t. )
82 9 B us in es s In te gr it y
C om m is si on . . . . . . . . $ 8 ,0 65 $
7, 25 9 $
6, 99 2 $
6, 76 4 $
6, 85 1 $
6, 93 0 $
6, 27 2 $
5, 67 6 $
5, 13 6 $
4, 95 6
83 6 D ep ar tm en t of F in an ce . . 2 35 ,0 23 23 3, 04 6 21 6, 49 8 21 4, 06 9 21 2, 43 2 21 8, 49 3 21 9, 78 9 20 8, 43 6 19 9, 62 1 18 9, 06 2
85 0 D ep ar tm en t of D es ig n
a nd C on st ru ct io n . . . . . 4 8, 36 7 1 5, 27 4 3 6, 50 2 2 0, 33 4 1 1, 02 3 9 ,4 84 8 ,8 77 7 ,6 48 8 ,1 65 2 ,9 60
85 6 D ep ar tm en t of C it yw id e
A dm in is tr at iv e S er vi ce s 3 90 ,7 45 38 5, 55 3 43 4, 17 4 35 6, 87 3 34 9, 38 1 36 1, 32 4 35 2, 82 6 32 5, 87 1 30 1, 24 6 26 0, 29 7
85 8 D ep ar tm en t of I nf or m at io n
T ec hn ol og y an d
T el ec om m un ic at io ns . . 3 21 ,2 60 31 7, 19 4 28 3, 41 4 28 3, 23 7 27 8, 56 8 23 3, 33 4 22 4, 63 5 18 6, 92 0 13 7, 01 3 10 9, 39 5
86 0 D ep ar tm en t of R ec or ds
a nd I nf or m at io n
S er vi ce s . . . . . . . . . . . . 6 ,0 23 5 ,3 34 5 ,1 54 4 ,8 82 5 ,0 22 4 ,9 75 5 ,6 76 5 ,5 58 4 ,4 91 4 ,2 50
86 6 D ep ar tm en t of
C on su m er A ff ai rs . . . . 3 4, 19 1 2 9, 82 0 2 5, 36 2 2 4, 08 8 1 9, 90 6 2 0, 87 2 2 0, 06 4 1 7, 05 1 1 5, 48 3 1 2, 86 7
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
M is ce ll an eo us — T ec hn ol og y
D ev el op m en t C or po ra ti on . 3 ,7 40 3 ,4 89 1 ,7 97 — — — — — — —
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al G en er al G ov er nm en t 2, 46 8, 53 9 2, 33 3, 74 1 2, 15 1, 52 8 1, 97 7, 83 8 2, 00 6, 16 8 2, 03 8, 51 8 1, 91 7, 78 3 1, 82 7, 64 9 1, 61 9, 91 8 1, 53 0, 07 5
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
P u b li c S af et y an d J u d ic ia l:
01 7 D ep ar tm en t of E m er ge nc y
M an ag em en t. . . . . . . . . 3 4, 34 3 3 3, 88 9 4 1, 30 5 2 3, 29 8 3 3, 59 2 2 6, 87 8 1 9, 87 2 1 7, 74 7 1 4, 89 1 1 2, 20 3
05 4 C iv il ia n C om pl ai nt
R ev ie w B oa rd . . . . . . . 1 2, 68 3 1 1, 20 2 1 0, 60 8 8 ,7 39 9 ,6 22 1 0, 09 0 1 1, 30 0 1 1, 07 3 1 0, 71 8 1 0, 13 9
05 6 P ol ic e D ep ar tm en t . . . . . 4 ,8 96 ,3 34 4, 66 9, 34 2 4, 65 8, 35 0 4, 63 1, 50 6 4, 55 7, 69 9 4, 41 8, 50 9 4, 24 0, 71 1 3, 93 8, 26 7 3, 65 5, 91 1 3, 62 6, 00 1
05 7 F ir e D ep ar tm en t . . . . . . 1, 88 6, 89 2 1, 87 4, 87 0 1, 82 8, 71 7 1, 75 3, 04 9 1, 71 9, 71 8 1, 65 6, 79 3 1, 58 1, 32 1 1, 50 9, 29 7 1, 43 6, 06 7 1, 40 6, 85 1
07 2 D ep ar tm en t of
C or re ct io n . . . . . . . . . . 1, 15 3, 69 3 1, 09 7, 81 6 1, 07 8, 06 1 1, 07 3, 73 8 1, 03 9, 76 3 1, 00 6, 78 1 99 5, 75 4 95 1, 78 3 94 5, 03 7 89 8, 36 6
07 3 B oa rd of C or re ct io n . . . . 1 ,5 22 1 ,6 40 1 ,0 31 9 00 9 29 9 21 9 03 9 15 9 05 8 61
13 0 D ep ar tm en t of
J uv en il e Ju st ic e . . . . . . — — — (2 16 ) 2 03 ,0 07 13 7, 95 6 13 3, 98 5 12 9, 56 5 12 5, 85 2 10 4, 23 7
15 6 N Y C T ax i an d
L im ou si ne C om m is si on 52 ,4 01 4 6, 33 1 3 6, 74 3 3 1, 70 2 3 0, 17 4 3 0, 09 7 2 8, 87 4 2 7, 76 0 2 5, 95 3 2 5, 98 6
(C o n ti
n u ed
)
341
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
P u b li c S af et y an d J u d ic ia l: ( co n t. )
78 1 D ep ar tm en t of
P ro ba ti on . . . . . . . . . . . $ 78 ,4 73 $
73 ,2 92 $
72 ,5 27 $
73 ,5 53 $
78 ,4 02 $
82 ,0 78 $
81 ,2 37 $
81 ,5 10 $
80 ,1 92 $
79 ,7 51
90 1 D is tr ic t A tt or ne y—
N ew Y or k C ou nt y . . . . 1 06 ,4 04 9 6, 42 4 10 3, 44 0 10 4, 09 5 10 3, 57 9 10 1, 72 4 9 5, 96 1 8 9, 32 5 8 5, 50 2 8 0, 22 1
90 2 D is tr ic t A tt or ne y—
B ro nx C ou nt y . . . . . . 6 0, 02 6 5 4, 70 2 5 1, 91 9 4 9, 21 1 5 0, 11 3 5 1, 26 4 4 8, 98 6 5 0, 04 8 4 6, 99 2 4 5, 09 6
90 3 D is tr ic t A tt or ne y—
K in gs C ou nt y . . . . . . . 9 3, 22 1 8 6, 84 1 8 7, 31 8 8 6, 31 7 8 4, 05 7 8 6, 37 7 8 3, 33 7 8 2, 69 7 7 7, 69 7 7 5, 12 6
90 4 D is tr ic t A tt or ne y—
Q ue en s C ou nt y . . . . . 5 6, 76 9 5 2, 90 7 5 0, 49 7 4 9, 32 0 4 7, 82 0 4 8, 84 4 4 5, 33 3 4 6, 40 0 4 4, 35 1 4 1, 78 0
90 5 D is tr ic t A tt or ne y—
R ic hm on d C ou nt y . . . 1 0, 30 2 9 ,2 49 8 ,9 40 8 ,6 90 8 ,6 11 8 ,5 97 8 ,2 96 8 ,2 64 7 ,5 87 6 ,8 55
90 6 O ff ic e of P ro se cu ti on —
S pe ci al N ar co ti cs . . . . 1 9, 20 5 1 8, 19 6 1 8, 14 6 1 7, 83 0 1 7, 89 8 1 8, 50 3 1 7, 67 9 1 7, 77 8 1 6, 77 1 1 6, 08 1
94 1 P ub li c A dm in is tr at or —
N ew Y or k C ou nt y . . . 1 ,5 04 1 ,3 97 1 ,3 35 1 ,1 84 1 ,1 26 1 ,1 68 1 ,1 48 1 ,1 43 1 ,0 88 1 ,0 86
94 2 P ub li c A dm in is tr at or —
B ro nx C ou nt y . . . . . . 6 03 5 32 5 38 4 81 3 89 4 26 5 08 4 18 4 29 3 17
94 3 P ub li c A dm in is tr at or —
K in gs C ou nt y . . . . . . . 6 41 6 04 5 31 4 72 5 53 5 49 4 93 5 36 5 01 4 54
94 4 P ub li c A dm in is tr at or —
Q ue en s C ou nt y . . . . . 48 4 4 71 4 49 4 21 4 25 4 24 4 36 4 21 4 08 4 14
94 5 P ub li c A dm in is tr at or —
R ic hm on d C ou nt y . . . 4 77 4 50 4 41 3 76 3 75 3 76 3 65 3 62 3 48 3 39
M is ce ll an eo us —
C ou rt C os ts . . . . . . . . . — — — — — 15 — 4 23 30
M is ce ll an eo us —
C on tr ib ut io ns L eg al A id 26 1, 41 0 25 5, 68 5 24 9, 94 4 24 2, 06 3 21 9, 40 2 22 4, 87 6 21 2, 59 8 20 3, 68 6 18 6, 59 3 18 1, 37 4
M is ce ll an eo us — C ri m in al
J us ti ce P ro gr am s . . . . . 6 6, 14 0 5 9, 60 4 4 9, 37 7 4 6, 96 2 4 6, 49 5 6 0, 20 6 5 4, 20 6 6 3, 82 3 5 8, 91 3 4 6, 64 4
M is ce ll an eo us — O th er . . 3 3, 31 2 2 6, 91 8 3 4, 38 1 3 5, 91 2 2 7, 38 1 2 6, 99 4 1 9, 80 9 2 5, 74 6 1 9, 18 5 3 3, 69 9
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al P ub li c S af et y an d
Ju di ci al . . . . . . . . . . 8 ,8 26 ,8 39 8, 47 2, 36 2 8, 38 4, 59 8 8, 23 9, 60 3 8, 28 1, 13 0 8, 00 0, 44 6 7, 68 3, 11 2 7, 25 8, 56 8 6, 84 1, 91 4 6, 69 3, 91 1
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
(C o n ti
n u ed
)
342
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
E d u ca ti on :
04 0 D ep ar tm en t of E du ca ti on $ 20 ,4 57 ,5 11 $ 18 ,6 72 ,1 73 $ 19 ,1 28 ,7 34 $ 19 ,1 29 ,0 84 $ 18 ,8 62 ,2 34 $ 18 ,4 11 ,2 07 $ 17 ,7 74 ,2 47 $ 16 ,8 55 ,1 25 $ 15 ,7 48 ,0 16 $ 14 ,7 94 ,2 54
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
C it y U n iv er si ty :
04 2 C it y U ni ve rs it y of
N ew Y or k—
C om m un it y C ol le ge s . 88 6, 83 9 83 6, 16 3 78 5, 53 5 73 4, 45 5 71 4, 19 7 69 9, 60 9 63 1, 19 8 59 4, 35 6 55 1, 78 6 52 6, 11 4
H un te r C am pu s S ch oo ls . 1 7, 21 1 1 6, 75 7 1 6, 35 6 1 6, 02 1 1 5, 89 5 1 5, 67 9 1 4, 53 6 1 5, 20 9 1 4, 25 0 1 3, 08 7
E du ca ti on al A id . . . . . . . — — — — 6 ,0 00 3 ,5 00 1 2, 75 0 1 1, 16 5 1 1, 16 5 1 1, 16 5
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al C it y U ni ve rs it y . 90 4, 05 0 85 2, 92 0 80 1, 89 1 75 0, 47 6 73 6, 09 2 71 8, 78 8 65 8, 48 4 62 0, 73 0 57 7, 20 1 55 0, 36 6
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
S oc ia l S er vi ce s:
06 8 A dm in is tr at io n fo r
C hi ld re n’ s S er vi ce s . . . 2, 66 5, 48 3 2, 71 0, 19 3 2, 71 9, 07 2 2, 79 7, 25 2 2, 65 6, 21 5 2, 82 5, 16 3 2, 82 9, 49 8 2, 83 0, 47 9 2, 71 8, 72 6 2, 30 0, 55 6
06 9 D ep ar tm en t of
S oc ia l S er vi ce s . . . . . . 9, 74 5, 75 3 9, 47 4, 91 8 9, 47 8, 83 6 9, 37 3, 48 2 8, 04 8, 75 0 8, 46 9, 75 8 8, 29 8, 15 4 8, 65 7, 47 5 7, 40 3, 41 5 6, 88 9, 29 0
07 1 D ep ar tm en t of H om el es s
S er vi ce s . . . . . . . . . . . . 1, 15 6, 54 3 1, 02 8, 99 2 97 7, 18 9 84 2, 40 9 82 1, 05 0 79 5, 42 3 73 4, 82 1 73 4, 90 9 68 6, 57 8 69 2, 73 3
12 5 D ep ar tm en t f or th e A gi ng . 27 5, 74 4 25 8, 51 0 25 8, 20 7 24 5, 95 0 25 9, 96 6 27 9, 76 5 28 8, 79 0 28 8, 47 7 26 9, 33 2 26 5, 09 0
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al S oc ia l S er vi ce s . 1 3, 84 3, 52 3 1 3, 47 2, 61 3 1 3, 43 3, 30 4 1 3, 25 9, 09 3 1 1, 78 5, 98 1 1 2, 37 0, 10 9 1 2, 15 1, 26 3 1 2, 51 1, 34 0 1 1, 07 8, 05 1 1 0, 14 7, 66 9
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
E nv ir on m en ta l P ro te ct io n :
82 6 D ep ar tm en t of
E nv ir on m en ta l
P ro te ct io n . . . . . . . . . . 1, 07 2, 75 7 1, 11 7, 24 5 1, 64 3, 13 5 97 6, 71 8 94 9, 66 5 1, 37 7, 55 4 95 2, 27 0 85 5, 39 7 79 0, 95 3 75 4, 68 6
82 7 D ep ar tm en t of S an it at io n 1, 46 7, 57 7 1, 40 5, 04 6 1, 36 0, 15 8 1, 26 9, 49 2 1, 39 0, 29 0 1, 28 9, 48 7 1, 24 7, 29 9 1, 22 7, 33 4 1, 15 2, 34 6 1, 08 1, 70 9
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al E nv ir on m en ta l
P ro te ct io n . . . . . . . . 2 ,5 40 ,3 34 2, 52 2, 29 1 3, 00 3, 29 3 2, 24 6, 21 0 2, 33 9, 95 5 2, 66 7, 04 1 2, 19 9, 56 9 2, 08 2, 73 1 1, 94 3, 29 9 1, 83 6, 39 5
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ra n sp or ta ti on S er vi ce s:
84 1 D ep ar tm en t of
T ra ns po rt at io n . . . . . . . 69 1, 91 4 65 7, 88 2 63 8, 52 1 64 1, 58 8 67 4, 76 7 61 1, 41 7 60 2, 38 5 52 6, 51 1 45 9, 41 5 39 9, 52 8
M is ce ll an eo us —
P ay m en ts t o th e T ra ns it
A ut ho ri ty . . . . . . . . . . 96 3, 00 7 89 0, 72 4 84 2, 59 8 79 8, 44 2 48 0, 47 2 60 7, 69 8 65 9, 87 8 64 8, 98 5 55 0, 57 6 44 4, 67 2
M is ce ll an eo us —
P ay m en ts t o P ri va te
B us C om pa ni es . . . . . . 52 1 ,7 17 3 ,2 45 3 ,6 70 4 ,8 82 4 ,7 52 7 ,7 26 1 1, 60 3 1 0, 90 1 10 9, 95 5
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
(C o n ti
n u ed
)
343
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
T ra n sp or ta ti on S er vi ce s: ( co n t. )
T ot al T ra ns po rt at io n
S er vi ce s . . . . . . . . . . . . $ 1, 65 4, 97 3 $ 1, 55 0, 32 3 $ 1, 48 4, 36 4 $ 1, 44 3, 70 0 $ 1, 16 0, 12 1 $ 1, 22 3, 86 7 $ 1, 26 9, 98 9 $ 1, 18 7, 09 9 $ 1, 02 0, 89 2 $ 95 4, 15 5
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
P ar k s, R ec re at io n , a n d
C u lt u ra l A ct iv it ie s:
12 6 D ep ar tm en t of
C ul tu ra l A ff ai rs . . . . . . 15 7, 47 6 15 3, 13 7 14 3, 42 6 14 5, 68 2 14 2, 30 8 14 1, 68 8 14 9, 59 3 15 9, 36 2 14 8, 20 7 13 4, 65 4
84 6 D ep ar tm en t of
P ar ks a nd R ec re at io n . 39 7, 93 5 32 5, 78 6 33 7, 09 2 28 6, 25 9 30 8, 87 6 29 2, 65 7 29 5, 59 5 29 0, 78 9 26 2, 46 4 24 2, 15 4
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al P ar ks , R ec re at io n,
a nd C ul tu ra l A ct iv it ie s 55 5, 41 1 47 8, 92 3 48 0, 51 8 43 1, 94 1 45 1, 18 4 43 4, 34 5 44 5, 18 8 45 0, 15 1 41 0, 67 1 37 6, 80 8
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
H ou si n g:
80 6 H ou si ng P re se rv at io n an d
D ev el op m en t . . . . . . . . 69 9, 00 9 67 0, 66 0 65 1, 88 5 71 4, 36 4 68 7, 01 7 71 1, 12 7 68 1, 85 1 57 9, 87 6 55 3, 16 3 51 9, 25 2
81 0 D ep ar tm en t of B ui ld in gs
10 7, 76 5 9 8, 18 5 10 2, 22 4 9 4, 57 8 9 8, 55 6 10 1, 47 9 10 9, 41 3 9 8, 72 1 8 7, 10 8 8 1, 30 0
M is ce ll an eo us — P ay m en ts
t o th e H ou si ng A ut ho ri ty 7 9, 08 3 6 0, 10 9 2 ,0 40 2 ,1 03 2 ,0 98 1 ,2 79 5 ,5 39 9 87 9 45 12 0, 93 1
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al H ou si ng . . . . . . . . 8 85 ,8 57 82 8, 95 4 75 6, 14 9 81 1, 04 5 78 7, 67 1 81 3, 88 5 79 6, 80 3 67 9, 58 4 64 1, 21 6 72 1, 48 3
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
H ea lt h :
81 6 D ep ar tm en t of H ea lt h
a nd M en ta l H yg ie ne . . 1 ,4 70 ,1 19 1, 39 4, 75 3 1, 48 0, 28 7 1, 52 8, 51 9 1, 58 2, 04 8 1, 65 5, 21 1 1, 66 1, 09 8 1, 55 0, 27 2 1, 51 3, 87 9 1, 46 7, 78 6
81 9 H ea lt h an d H os pi ta ls
C or po ra ti on . . . . . . . . 2 38 ,2 59 22 7, 02 7 37 5, 84 4 7 9, 51 5 8 4, 89 4 5 ,9 53 18 2, 22 8 3 7, 57 2 75 8, 60 3 1, 29 0, 01 6
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al H ea lt h . . . . . . . . . . 1, 70 8, 37 8 1, 62 1, 78 0 1, 85 6, 13 1 1, 60 8, 03 4 1, 66 6, 94 2 1, 66 1, 16 4 1, 84 3, 32 6 1, 58 7, 84 4 2, 27 2, 48 2 2, 75 7, 80 2
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
L ib ra ri es :
03 5 N ew Y or k R es ea rc h
L ib ra ri es . . . . . . . . . . . 2 4, 26 5 1 8, 61 7 2 2, 27 7 1 5, 33 9 2 2, 02 3 1 6, 30 8 3 1, 94 5 1 9, 21 0 2 5, 20 3 1 9, 03 4
03 7 N ew Y or k P ub li c
L ib ra ry . . . . . . . . . . . . 11 9, 37 8 8 8, 95 5 11 1, 23 1 7 3, 40 9 11 0, 82 1 7 8, 71 9 13 4, 12 7 9 9, 81 2 12 3, 74 3 9 6, 46 3
03 8 B ro ok ly n P ub li c
L ib ra ry . . . . . . . . . . . . 8 9, 51 4 6 5, 31 5 8 2, 73 9 5 5, 42 6 8 2, 01 1 5 8, 32 0 10 0, 47 2 7 4, 84 3 9 1, 20 9 7 3, 84 1
03 9 Q ue en s B or ou gh
P ub li c L ib ra ry . . . . . . . 8 9, 23 5 6 5, 68 7 8 2, 37 9 5 5, 19 0 8 1, 13 5 5 7, 18 8 9 9, 76 3 7 2, 53 4 8 9, 90 6 7 1, 80 2
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al L ib ra ri es . . . . . . 32 2, 39 2 23 8, 57 4 29 8, 62 6 19 9, 36 4 29 5, 99 0 21 0, 53 5 36 6, 30 7 26 6, 39 9 33 0, 06 1 26 1, 14 0
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
(C o n ti
n u ed
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C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
P en si on s:
09 5 P en si on C on tr ib ut io ns . . $ 8 ,4 89 ,8 57 $ 8 ,1 41 ,0 99 $ 8 ,0 54 ,2 84 $ 7 ,8 30 ,4 40 $ 6 ,8 42 ,5 73 $ 6 ,6 31 ,3 25 $ 6 ,2 64 ,9 14 $ 5 ,6 16 ,2 89 $ 4 ,7 26 ,2 00 $ 3 ,8 78 ,9 50
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
Ju dg m en ts a nd C la im s . . . . . . . 67 9, 60 5 73 2, 22 2 52 4, 48 3 58 2, 86 8 66 4, 07 3 56 8, 24 6 62 3, 19 2 62 5, 39 5 56 4, 03 7 51 6, 80 1
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
F ri ng e B en ef it s an d O th er
B en ef it P ay m en ts . . . . . . . . . 5, 86 2, 66 4 5, 84 1, 92 3 3, 82 9, 65 5 3, 87 9, 65 5 3, 84 6, 13 5 3, 73 3, 08 4 3, 52 4, 85 2 3, 95 6, 86 1 4, 84 6, 21 1 4, 15 4, 01 5
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
L ea se P ay m en ts . . . . . . . . . . . . . 14 8, 84 7 15 2, 61 3 15 1, 42 0 13 7, 65 9 14 5, 33 6 5 3, 56 2 17 4, 52 3 15 8, 48 2 30 9, 61 2 22 8, 84 6
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
O th er :
09 8 M is ce ll an eo us . . . . . . . . 8 48 ,0 95 1, 79 3, 36 7 15 9, 74 1 12 2, 06 9 ( 82 ,9 48 ) (6 50 ,3 07 ) 1 72 ,3 47 31 2, 55 5 17 7, 80 1 10 5, 39 5
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al E xp en di tu re s . . . . . . . . . . 7 0, 19 6, 87 5 6 7, 70 5, 87 8 6 4, 49 8, 71 9 6 2, 64 9, 07 9 5 9, 78 8, 63 7 5 8, 88 5, 81 5 5 7, 86 5, 89 9 5 5, 99 6, 80 2 5 3, 10 7, 58 2 4 9, 50 8, 06 5
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ra n sf er s:
G en er al D eb t S er vi ce F un d:
09 9 D eb t S er vi ce . . . . . . . . . . 5, 06 0, 95 9 1, 56 4, 82 9 5, 14 1, 65 0 2, 36 0, 50 4 3, 55 6, 44 0 2, 96 7, 59 6 1, 41 3, 10 6 5, 21 2, 16 7 4, 02 4, 18 5 4, 28 1, 01 0
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
N on m aj or D eb t S er vi ce F un ds :
09 9 D eb t S er vi ce — H ud so n
Y ar ds I nf ra st ru ct ur e
C or po ra ti on . . . . . . . . . 7 6, 61 0 7 6, 68 4 3 2, 64 8 26 2, 62 2 6 8, 60 4 1 3, 31 9 1 5, 00 0 — — —
10 0 M A C D eb t S er vi ce
F un di ng . . . . . . . . . . . —
— — — — — — 2 ,7 50 1 0, 00 0 1 0, 00 0
M is ce ll an eo us — B ui ld in g
A id R ev en ue B on ds . . 6 38 ,0 95 1, 88 6, 77 6 34 4, 57 6 1, 08 7, 58 4 1, 20 6, 05 0 75 0, 79 8 87 2, 45 6 75 8, 79 5 1, 32 6, 38 8 —
M is ce ll an eo us — F ut ur e
T ax S ec ur ed . . . . . . . . 2 ,0 57 ,6 70 1, 64 1, 31 1 1, 00 6, 45 1 61 6, 86 4 69 5, 04 4 19 0, 64 5 — — — —
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al T ra ns fe rs t o
N on m aj or D eb t
S er vi ce F un ds . . . . . . 2, 77 2, 37 5 3, 60 4, 77 1 1, 38 3, 67 5 1, 96 7, 07 0 1, 96 9, 69 8 95 4, 76 2 88 7, 45 6 76 1, 54 5 1, 33 6, 38 8 10 ,0 00
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
(C o n ti
n u ed
)
345
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d E xp en d it u re s an d O th er F in an ci n g U se s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
T ra n sf er s: ( co n t. )
M is ce ll an eo us — P ay m en ts t o
N ew Y or k C it y C ap it al
P ro je ct s F un d . . . . . . . . . . . . . $
— $
— $
— $
— $
— $
— $
— $
— $ 30 0, 00 0 $ 20 0, 00 0
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al T ra ns fe rs . . . . . . . . . . . . . 7, 83 3, 33 4 5, 16 9, 60 0 6, 52 5, 32 5 4, 32 7, 57 4 5, 52 6, 13 8 3, 92 2, 35 8 2, 30 0, 56 2 5, 97 3, 71 2 5, 66 0, 57 3 4, 49 1, 01 0
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
T ot al E xp en di tu re s an d O th er
F in an ci ng U se s . . . . . . . . . . . $ 78 ,0 30 ,2 09 $ 72 ,8 75 ,4 78 $ 71 ,0 24 ,0 44 $ 66 ,9 76 ,6 53 $ 65 ,3 14 ,7 75 $ 62 ,8 08 ,1 73 $ 60 ,1 66 ,4 61 $ 61 ,9 70 ,5 14 $ 58 ,7 68 ,1 55 $ 53 ,9 99 ,0 75
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
346
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C ap it al P ro je ct s F u n d A id R ev en u es — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
G en er al G ov er n m en t:
D ep ar tm en t of S m al l B us in es s
S er vi ce s . . . . . . . . . . . . . . . $
42 ,4 23 $
24 ,0 63 $
40 ,4 21 $
35 ,0 20 $
60 ,0 96 $
87 ,7 09 $
7, 92 9 $ 20 ,8 80 $ 12 ,2 08 $
5, 35 4
D ep ar tm en t of C it yw id e
A dm in is tr at iv e S er vi ce s . . . 3 ,5 58 — 2 0, 65 0 4 ,4 64 7 ,2 02 (6 ,4 07 ) —
— 2 4, 07 3 2 ,1 45
D ep ar tm en t of I nf or m at io n
T ec hn ol og y an d
T el ec om m un ic at io ns . . . . . —
— — — — 7 ,8 55 4 ,3 54 3 ,3 66 1 4, 94 4 8 ,4 69
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
T ot al G en er al G ov er nm en t 4 5, 98 1 2 4, 06 3 6 1, 07 1 3 9, 48 4 6 7, 29 8 8 9, 15 7 1 2, 28 3 2 4, 24 6 5 1, 22 5 1 5, 96 8
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
P u b li c S af et y an d J u d ic ia l:
P ol ic e D ep ar tm en t . . . . . . . . . 3 ,6 72 1 ,8 67 — — — — — — — —
F ir e D ep ar tm en t . . . . . . . . . . . 1 4, 48 6 4 ,5 01 7 03 2 28 1 0, 04 0 1 5, 02 1 1 8, 21 7 1 1, 39 6 2 ,5 52 1 0, 51 0
D ep ar tm en t of C or re ct io n . . . — 2 83 — — — — — — —
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
T ot al P ub li c S af et y an d
J ud ic ia l . . . . . . . . . . . . . . 1 8, 15 8 6 ,3 70 7 86 2 28 1 0, 04 0 1 5, 02 1 1 8, 21 7 1 1, 39 6 2 ,5 52 1 0, 51 0
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
E d u ca ti on :
D ep ar tm en t of E du ca ti on
. . . 7 8, 90 0 9 ,8 13 — — — 2 0, 70 8 40 6, 19 2 98 5, 40 1 47 3, 84 1 —
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
C it y U n iv er si ty :
C it y U ni ve rs it y of N ew Y or k
C om m un it y C ol le ge s . . . . . 59 2 2 97 2 39 6 93 5 ,1 55 2 ,0 42 1 ,0 35 — 1 ,1 33 —
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
S oc ia l S er vi ce s:
A dm in is tr at io n fo r C hi ld re n’ s
S er vi ce s . . . . . . . . . . . . . . . 2 1, 97 8 — — — — — — — — —
H um an R es ou rc es
A dm in is tr at io n . . . . . . . . . . 4 5, 87 1 6 ,9 86 1 5, 93 9 2 ,4 23 2 ,7 88 6 ,2 78 4 ,1 09 8 ,2 76 4 ,6 09 3 ,2 04
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
T ot al S oc ia l S er vi ce s . . . . . 6 7, 84 9 6 ,9 86 1 5, 93 9 2 ,4 23 2 ,7 88 6 ,2 78 4 ,1 09 8 ,2 76 4 ,6 09 3 ,2 04
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
E nv ir on m en ta l P ro te ct io n :
D ep ar tm en t of E nv ir on m en ta l
P ro te ct io n . . . . . . . . . . . . . . 6 5, 46 1 19 2, 12 4 4 2, 70 1 5 5, 95 1 3 1, 04 1 5 0, 70 9 4 ,6 19 4 ,2 36 1 7, 66 4 3 1, 26 7
D ep ar tm en t of S an it at io n . . . 4 50 1 ,3 69 4 ,0 50 1 12 1 ,3 36 4 50 1 ,0 48 — — —
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
T ot al E nv ir on m en ta l
P ro te ct io n . . . . . . . . . . . . 6 5, 91 1 19 3, 49 3 4 6, 75 1 5 6, 06 3 3 2, 37 7 5 1, 15 9 5 ,6 67 4 ,2 36 1 7, 66 4 3 1, 26 7
__ __ __ __ _ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ __ __ __ __
(C o n ti
n u ed
)
347
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C ap it al P ro je ct s F u n d A id R ev en u es — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
T ra n sp or ta ti on S er vi ce s:
D ep ar tm en t of T ra ns po rt at io n $
35 4, 96 2 $
25 2, 90 4 $
39 0, 03 8 $
31 1, 49 3 $
29 8, 20 8 $
27 1, 55 7 $
26 8, 90 0 $
15 5, 44 2 $
17 0, 02 9 $
21 4, 94 3
T ra ns it A ut ho ri ty . . . . . . . . . . — — — — — — — — 3 0, 86 1 —
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
T ot al T ra ns po rt at io n
S er vi ce s . . . . . . . . . . . . . 35 4, 96 2 25 2, 90 4 39 0, 03 8 31 1, 49 3 29 8, 20 8 27 1, 55 7 26 8, 90 0 15 5, 44 2 20 0, 89 0 21 4, 94 3
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
P ar k s, R ec re at io n A n d
C u lt u ra l A ct iv it ie s:
D ep ar tm en t of P ar ks a nd
R ec re at io n . . . . . . . . . . . 2 26 ,5 49 2 0, 08 8 21 6, 44 2 2 0, 45 0 2 ,8 74 2 0, 41 5 2 1, 62 9 3 0, 68 5 1 8, 22 7 2 ,6 96
D ep ar tm en t of C ul tu ra l
A ff ai rs . . . . . . . . . . . . . . . 5 ,9 84
1 2, 81 1 4 ,4 37 7 ,0 94 2 ,6 38 9 ,7 52 1 ,5 88 5 ,5 77 3 5 ,0 10
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
T ot al P ar ks , R ec re at io n an d
C ul tu ra l A ct iv it ie s . . . . 2 32 ,5 33 3 2, 89 9 22 0, 87 9 2 7, 54 4 5 ,5 12 3 0, 16 7 2 3, 21 7 3 6, 26 2 1 8, 23 0 7 ,7 06
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
H ou si n g:
D ep ar tm en t of H ou si ng
P re se rv at io n an d
D ev el op m en t . . . . . . . . . . . 2 7, 01 9 9 0, 26 9 7 5, 67 6 11 1, 17 4 10 9, 68 6 8 8, 10 1 11 1, 72 4 12 7, 80 8 10 4, 69 8 15 4, 42 3
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
H ea lt h :
D ep ar tm en t of H ea lt h an d
M en ta l H yg ie ne . . . . . . . . . 4 ,8 12 — — 1 3, 05 6 — 1 ,5 20 — — — —
H ea lt h an d H os pi ta ls
C or po ra ti on . . . . . . . . . . . . 6 9, 20 4 5 0, 88 3 — — — — — — — —
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
T ot al H ea lt h . . . . . . . . . . . . 7 4, 01 6 5 0, 88 3 — 1 3, 05 6 — 1 ,5 20 — — — —
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
L ib ra ri es :
N ew Y or k P ub li c L ib ra ry . . . . 1 56 3 51 1 95 8 84 1 ,3 26 4 84 — — — —
B ro ok ly n P ub li c L ib ra ry . . . . — — 1 74 3 47 2 26 5 08 2 98 4 ,8 60 — —
Q ue en s B or ou gh P ub li c
L ib ra ry . . . . . . . . . . . . . . . . — — 1 ,8 23 7 42 — — — — 1 69 —
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
T ot al L ib ra ri es . . . . . . . . . . 1 56 3 51 2 ,1 92 1 ,9 73 1 ,5 52 9 92 2 98 4 ,8 60 1 69 —
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
T ot al C ap it al P ro je ct s F un d A id
R ev en ue s . . . . . . . . . . . . . . . . $
96 6, 07 7 $
66 8, 32 8 $
81 3, 57 1 $
56 4, 13 1 $
53 2, 61 6 $
57 6, 70 2 $
85 1, 64 2 $
1, 35 7, 92 7 $
87 5, 01 1 $
43 8, 02 1
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
G en er al G ov er n m en t:
D ep ar tm en t of S m al l B us in es s
S er vi ce s . . . . . . . . . . . . . . . $ 18 1, 11 4 $ 25 5, 80 6 $
25 1, 59 8 $
23 5, 51 0 $
23 1, 96 1 $
43 6, 19 7 $
30 4, 37 9 $
28 8, 57 0 $
16 4, 03 2 $
14 7, 54 3
D ep ar tm en t of P or ts ,
I nt er na ti on al T ra de a nd
C om m er ce . . . . . . . . . . . —
— — — — — ( 2) —
— —
D ep ar tm en t of C it yw id e
A dm in is tr at iv e S er vi ce s . . . 38 6, 38 9 43 5, 92 1 48 5, 32 6 45 3, 67 0 47 6, 72 5 57 9, 74 2 78 1, 73 6 1, 17 8, 01 9 64 5, 31 4 43 1, 55 2
D ep ar tm en t of I nf or m at io n
T ec hn ol og y an d
T el ec om m un ic at io ns . . . 22 2, 16 4 38 9, 99 7 28 1, 55 0 21 3, 49 3 24 1, 58 5 32 2, 91 6 25 5, 68 7 18 4, 02 4 13 5, 93 2 8 6, 00 1
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al G en er al G ov er nm en t 78 9, 66 7 1, 08 1, 72 4 1, 01 8, 47 4 90 2, 67 3 95 0, 27 1 1, 33 8, 85 5 1, 34 1, 80 0 1, 65 0, 61 3 94 5, 27 8 66 5, 09 6
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
P u b li c S af et y an d J u d ic ia l:
P ol ic e D ep ar tm en t . . . . . . . . . 17 2, 96 5 30 1, 33 1 34 4, 07 5 25 0, 14 1 22 5, 32 4 14 4, 98 5 10 4, 51 9 8 1, 64 6 6 7, 87 9 5 5, 51 8
F ir e D ep ar tm en t . . . . . . . . . . . 8 0, 10 1 11 8, 36 4 10 9, 07 5 7 7, 59 6 11 2, 53 0 12 0, 47 2 14 8, 66 7 10 4, 07 0 8 0, 94 8 10 6, 51 4
D ep ar tm en t of C or re ct io n . . . 4 9, 79 0 13 1, 18 6 13 4, 69 7 4 4, 69 1 4 7, 15 9 4 6, 69 5 8 0, 59 4 9 1, 75 6 5 5, 29 2 4 5, 01 2
D ep ar tm en t o f Ju ve ni le J us ti ce — 88 4 80 1 ,0 17 2 ,0 74 1 ,7 10 2 ,7 25 5 ,1 55 2 ,4 14 5 ,0 67
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al P ub li c S af et y an d
J ud ic ia l . . . . . . . . . . . . 30 2, 85 6 55 0, 96 9 58 8, 32 7 37 3, 44 5 38 7, 08 7 31 3, 86 2 33 6, 50 5 28 2, 62 7 20 6, 53 3 21 2, 11 1
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
E d u ca ti on :
D ep ar tm en t of E du ca ti on
. . . 2, 63 1, 08 8 2, 10 6, 96 4 1, 80 3, 43 5 1, 87 7, 00 5 2, 01 5, 32 2 2, 95 3, 16 7 2, 75 0, 25 6 2, 35 8, 23 7 2, 13 1, 70 9 1, 78 1, 90 4
C it y U n iv er si ty o f N ew Y or k :
S en io r C ol le ge s . . . . . . . . . . . 2 6, 16 1 2 ,6 59 2 ,0 31 1 ,7 26 1 ,6 14 6 19 3 ,1 01 1 ,5 45 2 ,0 88 1 ,2 83
C om m un it y C ol le ge s . . . . . . . 4 4, 04 7 3 2, 04 3 5 5, 61 3 8 5, 65 1 8 1, 70 2 9 6, 74 0 6 3, 48 0 3 5, 80 0 1 6, 32 1 1 2, 49 7
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al E du ca ti on
. . . . . . . 2, 70 1, 29 6 2, 14 1, 66 6 1, 86 1, 07 9 1, 96 4, 38 2 2, 09 8, 63 8 3, 05 0, 52 6 2, 81 6, 83 7 2, 39 5, 58 2 2, 15 0, 11 8 1, 79 5, 68 4
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
S oc ia l S er vi ce s:
A dm in is tr at io n fo r C hi ld re n’ s
S er vi ce s . . . . . . . . . . . . . . . 1 5, 39 0 1 5, 33 3 1 2, 69 1 9 ,7 22 7 ,1 26 7 ,4 16 8 ,0 52 9 ,2 24 1 7, 43 7 6 ,5 38
D ep ar tm en t of H om el es s
S er vi ce s . . . . . . . . . . . . . . . 2 0, 99 0 2 2, 54 5 1 9, 01 6 2 2, 44 9 3 6, 20 6 4 8, 61 1 4 9, 90 1 2 4, 90 8 2 0, 50 3 1 7, 66 9
H um an R es ou rc es
A dm in is tr at io n . . . . . . . . . . 16 2, 32 6 2 2, 94 3 2 2, 08 1 1 6, 30 1 1 6, 02 1 8 ,5 08 1 5, 80 8 2 5, 08 9 3 0, 74 3 9 ,1 95
D ep ar tm en t fo r th e A gi ng . . . 1 0, 23 5 3 ,1 46 3 ,1 26 3 ,5 51 6 17 3 ,4 72 1 7, 19 7 5 ,2 27 3 ,9 61 5 ,9 06
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al S oc ia l S er vi ce s . . . 20 8, 94 1 6 3, 96 7 5 6, 91 4 5 2, 02 3 5 9, 97 0 6 8, 00 7 9 0, 95 8 6 4, 44 8 7 2, 64 4 3 9, 30 8
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
E nv ir on m en ta l P ro te ct io n :
D ep ar tm en t of S an it at io n . . . 24 6, 35 4 26 4, 05 2 35 2, 63 5 32 2, 43 2 23 3, 74 3 34 6, 82 9 22 9, 92 6 18 7, 81 2 13 1, 12 9 9 3, 99 4
D ep ar tm en t of E nv ir on m en ta l
P ro te ct io n . . . . . . . . . . . . . . 1 ,3 73 ,4 88 1, 57 7, 80 3 1, 84 3, 94 7 2, 40 5, 59 9 2, 82 4, 13 5 2, 62 5, 31 8 2, 70 0, 23 6 2, 31 3, 03 9 1, 94 8, 83 6 1, 84 1, 27 9
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al E nv ir on m en ta l
P ro te ct io n. . . . . . . . . . . 1, 61 9, 84 2 1, 84 1, 85 5 2, 19 6, 58 2 2, 72 8, 03 1 3, 05 7, 87 8 2, 97 2, 14 7 2, 93 0, 16 2 2, 50 0, 85 1 2, 07 9, 96 5 1, 93 5, 27 3
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
(C o n ti
n u ed
)
348
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C ap it al P ro je ct s F u n d E xp en d it u re s—
T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
T ra n sp or ta ti on S er vi ce s:
T ra ns it A ut ho ri ty . . . . . . . . . . $ 1 14 ,7 43 $ 36 ,1 74 $
12 3, 15 6 $
13 0, 98 1 $ 65 ,3 62 $
73 ,8 38 $
77 ,0 34 $ 46 ,6 52 $ 70 ,3 68 $
12 6, 39 9
D ep ar tm en t of T ra ns po rt at io n 75 7, 67 2 90 2, 11 7 1, 03 1, 06 9 1, 04 4, 21 7 95 0, 58 6 1, 08 1, 66 6 92 5, 36 2 76 7, 24 9 75 7, 31 0 65 6, 50 5
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al T ra ns po rt at io n
S er vi ce s . . . . . . . . . . . . 87 2, 41 5 93 8, 29 1 1, 15 4, 22 5 1, 17 5, 19 8 1, 01 5, 94 8 1, 15 5, 50 4 1, 00 2, 39 6 81 3, 90 1 82 7, 67 8 78 2, 90 4
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
P ar k s, R ec re at io n , a n d
C u lt u ra l A ct iv it ie s:
D ep ar tm en t of C ul tu ra l
A ff ai rs . . . . . . . . . . . . . . . . 18 9, 24 3 15 3, 24 7 16 6, 68 3 21 8, 53 9 31 9, 52 5 25 7, 87 2 27 3, 88 4 14 6, 80 7 14 1, 58 4 13 6, 49 4
D ep ar tm en t of P ar ks a nd
R ec re at io n . . . . . . . . . . . . . 38 7, 00 2 42 3, 92 3 55 6, 68 9 41 6, 34 9 54 6, 41 6 57 5, 29 2 55 7, 92 7 41 7, 07 9 35 2, 46 8 24 6, 35 1
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al P ar ks , R ec re at io n
a nd C ul tu ra l A ct iv it ie s . 5 76 ,2 45 57 7, 17 0 72 3, 37 2 63 4, 88 8 86 5, 94 1 83 3, 16 4 83 1, 81 1 56 3, 88 6 49 4, 05 2 38 2, 84 5
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
H ou si n g:
D ep ar tm en t of H ou si ng
P re se rv at io n an d
D ev el op m en t . . . . . . . . . 56 0, 55 0 42 7, 76 4 41 3, 96 9 34 8, 76 0 33 0, 33 9 42 8, 85 6 41 2, 99 0 50 2, 61 7 43 6, 00 7 45 9, 37 6
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
H ea lt h :
H ea lt h an d H os pi ta ls
C or po ra ti on . . . . . . . . . . . . 13 6, 11 7 19 6, 99 0 28 6, 06 6 16 8, 66 5 12 7, 79 7 25 2, 89 0 18 8, 56 7 14 2, 50 1 18 6, 95 0 23 2, 32 2
D ep ar tm en t of H ea lt h an d
M en ta l H yg ie ne . . . . . . . . . 3 1, 62 7 4 4, 64 2 4 3, 03 8 4 1, 79 9 13 8, 13 9 3 1, 84 7 4 4, 02 9 6 3, 12 4 5 9, 30 6 3 7, 35 1
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al H ea lt h . . . . . . . . . . 16 7, 74 4 24 1, 63 2 32 9, 10 4 21 0, 46 4 26 5, 93 6 28 4, 73 7 23 2, 59 6 20 5, 62 5 24 6, 25 6 26 9, 67 3
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
L ib ra ri es :
R es ea rc h L ib ra ri es . . . . . . . . . 1 ,0 63 8 64 1 ,2 33 9 83 7 ,2 60 9 ,9 87 1 1, 87 0 1 ,3 42 5 ,3 24 1 2, 05 7
N ew Y or k P ub li c L ib ra ry . . . . 1 5, 11 2 1 0, 13 1 1 8, 81 9 1 2, 39 8 2 1, 70 5 4 4, 87 8 1 4, 06 1 6 ,9 03 9 ,8 63 1 9, 77 8
B ro ok ly n P ub li c L ib ra ry . . . . 5 ,8 01 5 ,1 13 5 ,7 76 1 1, 35 3 1 2, 09 0 1 2, 39 8 6 ,7 42 9 ,8 01 1 5, 12 8 9 ,2 20
Q ue en s B or ou gh P ub li c
L ib ra ry . . . . . . . . . . . . . . . . 1 4, 77 9 2 1, 56 5 1 7, 45 8 1 6, 39 8 2 5, 68 4 2 2, 93 5 1 4, 79 4 7 ,2 48 7 ,5 42 1 1, 26 2
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al L ib ra ri es . . . . . . . . 3 6, 75 5 3 7, 67 3 4 3, 28 6 4 1, 13 2 6 6, 73 9 9 0, 19 8 4 7, 46 7 2 5, 29 4 3 7, 85 7 5 2, 31 7
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al C ap it al P ro je ct s
F un d E xp en di tu re s . . . $ 7, 83 6, 31 1 $ 7, 90 2, 71 1 $ 8, 38 5, 33 2 $ 8, 43 0, 99 6 $ 9, 09 8, 74 7 $ 10 ,5 35 ,8 56 $ 10 ,0 43 ,5 22 $ 9, 00 5, 44 4 $ 7, 49 6, 38 8 $ 6, 59 4, 58 7
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
_ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
349
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C ap it al P ro je ct s F u n d E xp en d it u re s—
T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
350
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
G en er al F u n d a n d C ap it al P ro je ct s F u n d — S ou rc es a n d U se s of C as h — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
(i n m il li on s)
R ev en ue s . . . . . . . . . . . . . . . . $ 77 ,4 82 $ 7 2, 26 0 $ 70 ,5 22 $ 66 ,4 82 $ 64 ,8 07 $ 62 ,4 71 $ 59 ,8 49 $ 61 ,4 24 $ 58 ,7 73 $ 53 ,9 01
E xp en di tu re s B ef or e T ra ns fe rs ( 70 ,1 97 ) ( 67 ,7 06 ) ( 64 ,4 99 ) ( 62 ,6 49 ) ( 59 ,7 89 ) ( 58 ,8 86 ) ( 57 ,8 66 ) ( 55 ,9 97 ) ( 53 ,1 08 ) ( 49 ,5 08 )
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
S ur pl us B ef or e D eb t S er vi ce
a nd O th er T ra ns fe rs . . . . . . 7 ,2 85 4 ,5 54 6 ,0 23 3 ,8 33 5 ,0 18 3 ,5 85 1 ,9 83 5 ,4 27 5 ,6 65 4 ,3 93
T ra ns fe rs F or D eb t S er vi ce
a nd O th er P ur po se s . . . . . . (7 ,2 80 ) ( 4, 54 9) ( 6, 01 8) ( 3, 82 8) ( 5, 01 3) ( 3, 58 0) ( 1, 97 8) ( 5, 42 2) ( 5, 36 0) ( 4, 18 8)
T ra ns fe r to C ap it al P ro je ct s
F un d . . . . . . . . . . . . . . . . . . — — — — — — — — (3 00 ) ( 20 0)
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
S ur pl us f ro m G en er al F un d
O pe ra ti on s . . . . . . . . . . . . . . . 5 5 5 5 5 5 5 5 5 5
A dj us tm en ts t o B ri ng O pe ra ti on s
to C as h B as is :
In cr ea se ( D ec re as e) i n
P ay ab le s . . . . . . . . . . . . . . . 1 ,6 83 1 ,6 86 2 ,4 43 1 ,7 39 (3 84 ) 1 ,2 67 (3 19 ) 1 ,7 65 5 70 (2 45 )
D ec re as e (I nc re as e) i n
R ec ei va bl es . . . . . . . . . . . . (7 95 ) 5 65 (1 ,4 21 ) 4 98 ( 99 ) ( 3, 24 3) 16 3 (9 57 ) ( 1, 58 1) ( 1, 76 0)
C ha ng e in E st im at ed
D is al lo w an ce o f F ed er al ,
S ta te a nd O th er A id . . . . . . 2 18 16 ( 46 ) ( 35 3) 20 4 ( 20 ) ( 2) 22 8 2 04 1 ,0 78
In cr ea se ( D ec re as e) i n
D is al lo w an ce R es er ve . . . . (1 10 ) (1 9) ( 59 ) 1 66 (1 12 ) —
— (1 14 ) ( 10 3) ( 54 2)
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
C as h P ro vi de d by O pe ra ti on s . . 1, 00 1 2 ,2 53 9 22 2 ,0 55 (3 86 ) ( 1, 99 1) ( 15 3) 92 7 (9 05 ) ( 1, 46 4)
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
O th er S ou rc es o f C as h:
P ro ce ed s fr om S al e of C it y
B on ds . . . . . . . . . . . . . . . . . 84 1 2 ,0 68 1 ,6 10 2 ,6 88 1 ,9 12 3 ,2 31 5 ,3 69 3 ,4 88 8 45 3 ,4 82
T ra ns fe rs f ro m G en er al F un d — — — — — — — — 3 00 2 00
T ra ns fe rs f ro m N on m aj or
C ap it al P ro je ct s F un d . . . . . 5, 76 6 3 ,5 19 3 ,8 96 3 ,1 76 3 ,9 80 3 ,1 47 2 ,3 22 1 ,6 56 2 ,3 84 —
C ap it al iz ed L ea se s . . . . . . . . . 1 27 76 28 29 1 39 15 26 17 45 14
D ec re as e (I nc re as e) i n A m ou nt s
R es tr ic te d P en di ng
E xp en di tu re s . . . . . . . . . . . ( 13 6) 4 4 54 (2 29 ) 5 85 (1 54 ) ( 26 5) ( 16 3) 19 2 3 36
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
T ot al O th er S ou rc es o f C as h . . . 6 ,5 98 5 ,7 07 5 ,5 88 5 ,6 64 6 ,6 16 6 ,2 39 7 ,4 52 4 ,9 98 3 ,7 66 4 ,0 32
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
O th er U se s of C as h:
F ed er al a nd S ta te F in an ce d
C ap it al D is bu rs em en ts . . . . (1 ,6 52 ) ( 90 9) ( 1, 72 3) ( 1, 67 8) ( 1, 25 2) ( 81 2) ( 2, 59 3) ( 2, 51 8) ( 2, 26 2) ( 43 9)
L es s R ei m bu rs em en ts . . . . . . 9 66 6 68 8 14 5 64 5 33 5 77 8 52 1 ,3 59 8 75 4 38
C it y F in an ce d D is bu rs em en ts
f or C ap it al C on st ru ct io n . . ( 6, 18 4) ( 6, 99 4) ( 6, 66 2) ( 6, 75 3) ( 7, 84 7) ( 9, 72 4) ( 7, 45 0) ( 6, 48 7) ( 5, 23 4) ( 6, 15 6)
D ec re as e (I nc re as e) i n O th er , N et ( 1, 55 6) 1, 36 4 1 ,1 47 1 ,4 21 1 ,4 70 4 ,0 08 4 ,1 32 ( 27 ) 2 ,2 34 1 ,9 28
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
T ot al O th er U se s of C as h . . . . . ( 8, 42 6) ( 5, 87 1) ( 6, 42 4) ( 6, 44 6) ( 7, 09 6) ( 5, 95 1) ( 5, 05 9) ( 7, 67 3) ( 4, 38 7) ( 4, 22 9)
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
N et ( D ec re as e) I nc re as e in C as h (8 27 ) 2 ,0 89 86 1 ,2 73 (8 66 ) ( 1, 70 3) 2, 24 0 (1 ,7 48 ) ( 1, 52 6) ( 1, 66 1)
C as h, B eg in ni ng o f th e Y ea r . . . 7 ,8 36 5 ,7 47 5 ,6 61 4 ,3 88 5 ,2 54 6 ,9 57 4 ,7 17 6 ,4 65 7 ,9 91 9 ,6 52
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
C as h, E nd o f th e Y ea r . . . . . . . . $
7, 00 9 $ 7, 83 6 $
5, 74 7 $
5, 66 1 $
4, 38 8 $
5, 25 4 $
6, 95 7 $
4, 71 7 $
6, 46 5 $
7, 99 1
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
__ __ __ __ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _ _ __ __ __ _
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
STATISTICAL SECTION
SCHEDULES OF REVENUE CAPACITY INFORMATION
352
Total Estimated Assessed Total Taxable Direct Actual Value as a Fiscal Class Class Class Class Assessed Tax Exempt Tax Taxable Percentage of Year One Two Three Four Value Property Rate(1) Value Actual Value _________ _____________ _____________ ___________ ______________ ______________ ______________ _________ ____________ _______________ (in millions)
2006 $12,146.9 $43,941.4 $ 8,502.0 $ 57,891.3 $122,481.6 $ 9,570.0 $12.43 $614,003.7 19.95% 2007 12,712.6 45,048.7 9,078.4 60,797.3 127,637.0 9,849.4 12.49 674,091.6 18.93 2008 13,289.3 51,260.2 8,725.2 72,311.2 145,585.9 9,638.6 11.66 795,932.4 18.29 2009 13,955.3 53,457.0 9,589.1 74,997.1 151,998.5 11,385.9 11.70 811,141.3 18.74 2010 14,417.8 55,055.0 10,450.8 78,029.1 157,952.7 12,514.6 12.64 795,657.3 19.85 2011 14,952.7 55,530.8 11,036.0 78,176.1 159,695.6 12,882.6 12.86 793,742.0 20.12 2012 15,293.9 60,102.9 10,875.3 85,083.5 171,355.6 13,408.8 12.86 814,422.1 21.04 2013 15,784.7 62,215.4 11,349.0 89,774.4 179,123.5 13,809.3 12.85 838,003.2 21.38 2014 16,229.0 65,564.7 12,244.5 96,158.9 190,197.1 14,288.3 12.84 858,102.4 22.16 2015 16,915.4 70,514.5 12,355.1 103,077.4 202,862.4 15,294.7 12.77 906,273.8 22.38
(1) Property tax rate based on every $100 of assessed valuation.
Notes:
The definitions of the four classes are as follows:
Class One — One, two, and three family homes; single family homes on cooperatively owned land. Condominiums with no more than three dwelling units, provided such property was previously classified as Class One or no more than three stories in height and built as condominiums. Mixed-use property with three units or less, provided 50 percent or more of the space is used for residential purposes. Vacant land, primarily residentially zoned, except in Manhattan below 110th Street.
Class Two — All other residential property not in Class One, except hotels and motels. Mixed-use property with four or more units, provided 50 percent or more of the space is used for
residential purposes.
Class Three — Utility real property owned by utility corporations, except land and buildings.
Class Four — All other real property.
Property in New York City is reassessed every year. The City assesses property at approximately 40 percent of Market Value for commercial and industrial property and 20 percent of Market Value for residential property.
SOURCES: Resolutions of the City Council and The Annual Report of The New York City Property Tax Fiscal Year 2015.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Assessed Value and Estimated Actual Value of Taxable Property—Ten Year Trend
353
General Obligation Fiscal Basic Debt Total Year Rate Service Direct __________ ___________ _____________ ____________
2006 $11.39 $1.04 $12.43 2007 12.30 0.19 12.49 2008 9.26 2.40 11.66 2009 10.81 0.89 11.70 2010 12.43 0.21 12.64 2011 12.69 0.64 12.86 2012 12.10 0.76 12.86 2013 11.00 1.85 12.85 2014 11.97 0.87 12.84 2015 10.72 2.05 12.77
Note: Property tax rate based on every $100 of assessed valuation.
SOURCE: Resolutions of the City Council
Property Tax Levies and Collections—Ten Year Trend
Collected within the Non-Cash Total Collections Taxes Levied Fiscal Year of the Levy Collected and Adjustments to Date Remaining ____________________________ Liquidations _____________________________ Fiscal for the Percentage in Subsequent and Adjustments Percentage Uncollected Year Fiscal Year Amount of Levy Years to Levy(1) Amount of Levy June 30, 2015 _________ ____________________ _____________________ ____________ _________________ ___________________ _____________________ ____________ ______________
2006 $13,668,121,226 $12,623,034,463 92.35% $165,959,982 $ 857,835,078 $13,646,829,523 99.84% $ 21,291,703 2007 14,291,212,164 13,186,988,232 92.27 218,237,595 860,712,871 14,265,938,698 99.82 25,273,466 2008 14,356,226,836 13,258,952,404 92.36 199,462,189 859,331,819 14,317,746,412 99.73 38,480,424 2009 15,327,507,366 14,566,333,281 95.03 244,412,602 440,417,398 15,251,163,281 99.50 76,344,085 2010 17,588,124,488 16,048,855,013 91.25 258,296,800 1,125,270,300 17,432,422,113 99.11 155,702,375 2011 18,323,689,139 16,840,064,758 91.90 288,375,921 794,775,802 17,923,216,101 97.81 400,473,038 2012 19,284,547,840 17,701,688,013 91.79 222,736,170 1,025,755,802 18,950,179,985 98.27 334,367,855 2013 20,133,086,179 18,469,150,424 91.74 224,284,121 1,135,909,907 19,829,344,452 98.49 303,741,727 2014 21,285,240,681 19,483,500,820 91.54 182,117,527 1,314,124,161 20,979,742,508 98.56 305,498,173 2015 22,591,529,495 20,816,068,339 92.14 — 1,420,876,539 22,236,944,878 98.43 354,584,617
(1) Adjustments to Tax Levy are Non-Cash Liquidations and Cancellations of Real Property Tax and include School Tax Relief payments which are not included in the City Council Resolutions.
SOURCES: Resolutions of the City Council and other Department of Finance reports.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Property Tax Rates—Ten Year Trend
354
Fiscal Year 2015 Fiscal Year 2014(3) ________________________________________________________________________________ ________________________________________________________________________________ _ _ _ Assessed Percentage Direct Assessed Percentage Direct Value of Taxable Tax Value of Taxable Tax Type of Property (in millions) Real Estate Rate(2) (in millions) Real Estate Rate(2) __________________ _______________ _______________ _______________ _______________ _______________ _______________ _ _ _ _ _ _ _ _ _ Class One One Family Dwellings . . . . . . . . . . . . . . . . . . $ 7,572.8 3.7% $ 7,270.9 3.8% Two Family Dwellings . . . . . . . . . . . . . . . . . . 6,195.2 3.1 5,946.1 3.1 Three Family Dwellings . . . . . . . . . . . . . . . . . 2,067.3 1.0 1,983.5 1.0 Condominiums . . . . . . . . . . . . . . . . . . . . . . . . 287.9 0.1 259.6 0.1 Vacant Land . . . . . . . . . . . . . . . . . . . . . . . . . . 141.0 0.1 143.1 0.1 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 651.2 0.3 625.8 0.3 ____________ _______ ____________ _______ _ _ _ _ _ 16,915.4 8.3 $19.16 16,229.0 8.4 $19.19 ____________ _______ ____________ _______ _ _ _ _ _ Class Two Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,467.0 15.5 29,067.3 15.3 Cooperatives . . . . . . . . . . . . . . . . . . . . . . . . . . 18,882.4 9.3 17,922.6 9.4 Condominiums . . . . . . . . . . . . . . . . . . . . . . . . 10,347.7 5.1 9,504.8 5.0 Condops . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,826.6 0.9 438.2 0.2 Conrentals . . . . . . . . . . . . . . . . . . . . . . . . . . . 654.6 0.3 1,767.2 0.9 Four-Ten Family Rentals . . . . . . . . . . . . . . . . 6,102.2 3.0 5,746.8 3.0 Two-Ten Family Cooperatives . . . . . . . . . . . . 634.2 0.3 592.1 0.3 Two-Ten Family Condominiums . . . . . . . . . . 574.6 0.3 504.0 0.3 Two-Ten Family Condops . . . . . . . . . . . . . . . 25.2 0.0 21.7 0.2 ____________ _______ ____________ _______ _ _ _ _ _ 70,514.5 34.7 12.86 65,564.7 34.6 13.15 ____________ _______ ____________ _______ _ _ _ _ _ Class Three Special Franchise . . . . . . . . . . . . . . . . . . . . . . 9,907.0 4.9 9,752.9 5.1 Locally Assessed . . . . . . . . . . . . . . . . . . . . . . 2,447.7 1.3 2,491.2 1.3 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.4 0.0 0.4 0.0 ____________ _______ ____________ _______ _ _ _ _ _ 12,355.1 6.2 11.13 12,244.5 6.4 11.90 ____________ _______ ____________ _______ _ _ _ _ _ Class Four Office Buildings . . . . . . . . . . . . . . . . . . . . . . . 48,131.9 23.7 44,917.3 23.6 Store Buildings . . . . . . . . . . . . . . . . . . . . . . . . 13,310.3 6.6 12,265.7 6.4 Loft Buildings . . . . . . . . . . . . . . . . . . . . . . . . 2,067.9 1.0 3,183.4 1.7 Utility Property . . . . . . . . . . . . . . . . . . . . . . . . 2,823.3 1.4 2,678.2 1.4 Hotels . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,173.5 4.0 6,805.0 3.6 Factories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,739.5 0.9 1,663.5 0.9 Commercial Condominiums . . . . . . . . . . . . . — — — — 1 Garages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,871.7 1.4 2,762.5 1.5 Warehouses . . . . . . . . . . . . . . . . . . . . . . . . . . 2,665.1 1.3 2,529.7 1.3 Vacant Land . . . . . . . . . . . . . . . . . . . . . . . . . . 1,713.6 0.8 1,675.3 0.9 Health and Educational . . . . . . . . . . . . . . . . . 2,321.5 1.1 2,094.8 1.1 Theaters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 347.5 0.2 316.1 0.2 Cultural and Recreational . . . . . . . . . . . . . . . . 566.2 0.3 522.3 0.3 Condo Office Buildings . . . . . . . . . . . . . . . . . 8,152.2 4.0 3,813.3 2.0 Condo Store Buildings . . . . . . . . . . . . . . . . . . 3,464.5 1.7 2,409.4 1.3 Condo Warehouse/Industrial . . . . . . . . . . . . . 98.5 0.0 22.0 0.0 Self Storage . . . . . . . . . . . . . . . . . . . . . . . . . . 485.5 0.2 424.2 0.2 Condo Non-Business Storage . . . . . . . . . . . . 37.4 0.0 20.6 0.0 Condo Parking . . . . . . . . . . . . . . . . . . . . . . . . 513.9 0.4 378.7 0.2 Condo Cultural/Medical/Education . . . . . . . . 106.3 0.1 55.6 0.0 Condo Hotels . . . . . . . . . . . . . . . . . . . . . . . . . 2,219.4 1.1 1,452.4 0.8 Condo Terraces/Gardens/Cabanas . . . . . . . . . 1.6 0.0 0.5 0.0 Condo-Other Commercials . . . . . . . . . . . . . . 33.2 0.0 5,039.5 2.6 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,232.9 0.6 1,128.8 0.6 ____________ _______ ____________ _______ _ _ _ _ _ 103,077.4 50.8 10.68 96,158.8 50.6 10.32 ____________ _______ ____________ _______ _ _ _ _ _ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $202,862.4 100% $12.77(1) $190,197.0 100% $12.84(1) ____________ _______ ____________ _______ _ _ _ _ _ ____________ _______ ____________ _______ _ _ _ _ _ (1) Represents the weighted average of the four classes of real property. (2) Property tax rate based on every $100 assessed valuation. (3) In fiscal year 2014 The Annual Report, the New York City Property Tax Fiscal Year 2014, reported various classifications of
Condos as class four real property for the first time. Note: Property in New York City is reassessed once a year. The City assesses property at approximately 40 percent of Market
Value for commercial and industrial property and 20 percent of Market Value for residential property. Sources: Resolutions of the City Council and The Annual Report, The New York City Property Tax Fiscal Year 2015.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Assessed Valuation and Tax Rate by Class—Ten Year Trend
(Continued)
355
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Assessed Valuation and Tax Rate by Class—Ten Year Trend (Cont.)
F Fiscal Year 2013 Fiscal Year 2012 Fiscal Year 2011 _ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ A Assessed Percentage Direct Assessed Percentage Direct Assessed Percentage Direct V Value of Taxable Tax Value of Taxable Tax Value of Taxable Tax (in millions) Real Estate Rate(2) (in millions) Real Estate Rate(2) (in millions) Real Estate Rate(2) _ _ _ _ _ _ _ _______________ _______________ _______________ _______________ _______________ _______________ _______________ _______________ _______________
$ 7,069.8 3.9% $ 6,857.0 4.0% $ 6,692.2 4.2% 5,778.9 3.2 5,594.2 3.3 5,464.5 3.4 1 1,921.1 1.1 1,863.2 1.1 1,835.7 1.1
253.0 0.1 236.0 0.1 235.9 0.1 137.0 0.1 138.7 0.1 141.5 0.1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 624.9 0.3 604.8 0.4 582.9 0.4 _ _ ____________ ________ ____________ ________ ____________ ________
1 15,784.7 8.7 $18.57 15,293.9 8.9 $18.20 14,952.7 9.3 $18.65 _ _ ____________ ________ ____________ ________ ____________ ________
26,941.3 15.0 26,068.0 15.2 24,447.8 15.3 17,554.5 9.8 16,673.2 9.7 15,403.7 9.6 9,082.0 5.1 9,109.0 5.3 7,949.3 5.0
1,721.8 1.0 1,652.9 1.0 1,441.8 0.9 434.5 0.2 331.3 0.2 253.9 0.2
5,434.1 3.0 5,192.7 3.0 5,048.4 3.2 565.0 0.3 535.4 0.3 512.7 0.3 457.2 0.3 517.6 0.3 448.3 0.3 25.1 0.0 22.8 0.0 24.9 0.0 _ _ ____________ ________ ____________ ________ ____________ ________
7 62,215.5 34.7 13.18 60,102.9 35.1 13.40 55,530.8 34.8 13.43 _ _ ____________ ________ ____________ ________ ____________ ________
8,940.3 5.0 8,415.8 4.9 8,601.8 5.4 2,408.2 1.3 2,458.8 1.4 2,433.6 1.5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0.6 0.0 0.7 — 0.6 0.0 _ _ ____________ ________ ____________ ________ ____________ ________
1 11,349.1 6.3 12.48 10,875.3 6.3 12.50 11,036.0 6.9 12.39 _ _ ____________ ________ ____________ ________ ____________ ________
41,574.8 23.2 39,487.5 23.0 35,467.9 22.3 11,498.5 6.4 11,261.2 6.6 10,435.1 6.5 3,076.5 1.7 3,252.1 1.9 2,942.9 1.8 2,772.2 1.5 2,918.1 1.7 2,954.3 1.8 5,785.1 3.2 5,604.9 3.3 5,302.5 3.3 1,602.4 0.9 1,615.7 0.9 1,585.1 1.0 12,183.4 6.8 10,389.7 6.1 9,506.2 6.0
2,701.5 1.5 2,639.8 1.5 2,530.2 1.6 2,785.1 1.6 2,632.4 1.5 2,361.7 1.5
1,772.5 1.0 1,787.6 1.0 1,875.7 1.2 1,747.1 1.0 1,725.3 1.0 1,570.4 1.0 299.6 0.2 291.0 0.2 281.8 0.2 916.5 0.5 520.8 0.3 497.7 0.3 — — — — — —
C — — — — — — C — — — — — — S — — — — — — C — — — — — — C — — — — — — C — — — — — — C — — — — — — C — — — — — — C — — — — — — O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1,059.3 0.6 957.3 0.6 864.6 0.5 _ _ ____________ ________ ____________ ________ ____________ ________ 1 89,774.5 50.1 10.29 85,083.4 49.7 10.20 78,176.1 49.0 10.07 _ _ ____________ ________ ____________ ________ ____________ ________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2 $179,123.8 100% $12.85(1) $171,355.5 100% $12.90(1) $159,695.6 100.0% $12.86(1) _ _ ____________ ________ ____________ ________ ____________ ________ _ _ ____________ ________ ____________ ________ ____________ ________
R P
(Continued)
(1) Represents the weighted average of the four classes of real property. (2) Property tax rate based on every $100 assessed valuation.
356
Fiscal Year 2010 Fiscal Year 2009 ________________________________________________________________________________ ________________________________________________________________________________ _ _ _ Assessed Percentage Direct Assessed Percentage Direct Value of Taxable Tax Value of Taxable Tax
Type of Property (in millions) Real Estate Rate(2) (in millions) Real Estate Rate(2) __________________ _______________ _______________ _______________ _______________ _______________ _______________ _ _ _ _ _ _ _ _ _ Class One One Family Dwellings . . . . . . . . . . . . . . . . . . $ 6,458.5 4.1% $ 6,471.0 4.3% $ Two Family Dwellings . . . . . . . . . . . . . . . . . . 5,265.4 3.3 5,423.1 3.6 5 Three Family Dwellings . . . . . . . . . . . . . . . . . 1,782.5 1.1 1,724.2 1.1 1 Condominiums . . . . . . . . . . . . . . . . . . . . . . . . 226.0 0.1 209.8 0.1 1 Vacant Land . . . . . . . . . . . . . . . . . . . . . . . . . . 117.2 0.1 111.7 0.1 1 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 568.2 0.4 15.5 0.0 4 ____________ _______ ____________ _______ _ _ _ _ _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,417.8 9.1 $17.08 13,955.3 9.2 $15.60 1 ____________ _______ ____________ _______ _ _ _ _ _ _ Class Two Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,100.1 15.3 24,164.9 15.9 2 Cooperatives . . . . . . . . . . . . . . . . . . . . . . . . . . 15,624.3 9.9 15,374.7 10.1 1 Condominiums . . . . . . . . . . . . . . . . . . . . . . . . 7,933.7 5.0 7,010.4 4.6 6 Condops . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,458.9 0.9 1,478.3 1.0 1 Conrentals . . . . . . . . . . . . . . . . . . . . . . . . . . . 193.1 0.1 — — — — — — — — Four-Ten Family Rentals . . . . . . . . . . . . . . . . 4,865.4 3.1 4,638.5 3.1 4 Two-Ten Family Cooperatives . . . . . . . . . . . . 484.1 0.3 464.5 0.3 4 Two-Ten Family Condominiums . . . . . . . . . . 370.1 0.2 302.2 0.2 2 Two-Ten Family Condops . . . . . . . . . . . . . . . 25.3 0.0 23.5 0.0 1 ____________ _______ ____________ _______ _ _ _ _ _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,055.0 34.8 13.41 53,457.0 35.2 12.14 5 ____________ _______ ____________ _______ _ _ _ _ _ _ Class Three Special Franchise . . . . . . . . . . . . . . . . . . . . . . 8,184.4 5.2 7,345.5 4.8 6 Locally Assessed . . . . . . . . . . . . . . . . . . . . . . 2,265.3 1.4 2,242.5 1.5 1 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1 0.0 1.1 0.0 0 ____________ _______ ____________ _______ _ _ _ _ _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,450.8 6.6 12.74 9,589.1 6.3 9.87 8 ____________ _______ ____________ _______ _ _ _ _ _ _ Class Four Office Buildings . . . . . . . . . . . . . . . . . . . . . . . 34,778.8 22.0 34,343.8 22.4 3 Store Buildings . . . . . . . . . . . . . . . . . . . . . . . . 10,357.0 6.6 10,448.1 6.9 1 Loft Buildings . . . . . . . . . . . . . . . . . . . . . . . . 2,776.6 1.8 3,018.4 2.0 2 Utility Property . . . . . . . . . . . . . . . . . . . . . . . . 2,812.0 1.8 2,722.3 1.8 2 Hotels . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,602.0 3.5 4,972.6 3.3 4 Factories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,628.9 1.0 1,711.9 1.1 1 Commercial Condominiums . . . . . . . . . . . . . 9,486.5 6.0 8,354.2 5.5 7 Garages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,586.9 1.6 2,667.6 1.8 2 Warehouses . . . . . . . . . . . . . . . . . . . . . . . . . . 2,334.6 1.5 2,307.5 1.5 2 Vacant Land . . . . . . . . . . . . . . . . . . . . . . . . . . 2,262.5 1.4 1,347.2 0.9 9 Health and Educational . . . . . . . . . . . . . . . . . 1,390.1 0.9 1,305.4 0.9 1 Theaters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240.8 0.2 239.2 0.2 2 Cultural and Recreational . . . . . . . . . . . . . . . . 1,046.9 0.7 821.7 0.5 3 Condo Office Buildings . . . . . . . . . . . . . . . . . — — — — — — — — — — Condo Store Buildings . . . . . . . . . . . . . . . . . . — — — — — — — — — — Condo Warehouse/Industrial . . . . . . . . . . . . . — — — — — — — — — — Self Storage . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — — — — Condo Non-Business Storage . . . . . . . . . . . . — — — — — — — — — — Condo Parking . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — — — — Condo Cultural/Medical/Education . . . . . . . . — — — — — — — — — — Condo Hotels . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — — — — Condo Terraces/Gardens/Cabanas . . . . . . . . . — — — — — — — — — — Condo—Other Commercials . . . . . . . . . . . . . — — — — — — — — — — Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 725.4 0.5 737.3 0.5 ____________ _______ ____________ _______ _ _ _ _ _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78,029.0 49.5 10.43 74,997.2 49.3 11.70 ____________ _______ ____________ _______ _ _ _ _ _ _ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $157,952.6 100.0% $12.64(1) $151,998.6 100.0% $11.70(1) ____________ _______ ____________ _______ _ _ _ _ _ _ ____________ _______ ____________ _______ _ _ _ _ _ _
(1) Represents the weighted average of the four classes of real property. (2) Property tax rate based on every $100 assessed valuation. Note: Property in New York City is reassessed once a year. The City assesses property at approximately 40 percent of Market
Value for commercial and industrial property and 20 percent of Market Value for residential property. Sources: Resolutions of the City Council and The Annual Report,
The New York City Property Tax Fiscal Year 2015.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Assessed Valuation and Tax Rate by Class—Ten Year Trend (Cont.)
(Continued)
357
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Assessed Valuation and Tax Rate by Class—Ten Year Trend (Cont.)
Fiscal Year 2008 Fiscal Year 2007 Fiscal Year 2006 _ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ A Assessed Percentage Direct Assessed Percentage Direct Assessed Percentage Direct V Value of Taxable Tax Value of Taxable Tax Value of Taxable Tax
(in millions) Real Estate Rate(2) (in millions) Real Estate Rate(2) (in millions) Real Estate Rate(2) _ _ _ _ _ _ _______________ _______________ _______________ _______________ _______________ _______________ _______________ _______________ _______________
$ 6,171.3 4.3% $ 5,967.1 4.7% $ 5,705.4 4.7% 5,146.9 3.5 4,924.7 3.9 4,698.9 3.8 1,630.1 1.1 1,530.7 1.2 1,428.4 1.2
191.1 0.1 174.1 0.1 166.6 0.1 105.8 0.1 101.0 0.1 108.2 0.1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 44.0 0.0 15.1 0.0 39.4 0.0 _ _ ____________ ________ ____________ ________ ____________ ________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 13,289.2 9.1 $15.43 12,712.7 10.0 $16.19 12,146.9 9.9 $15.75 _ _ ____________ ________ ____________ ________ ____________ ________
23,467.0 16.2 19,781.8 15.6 19,668.5 16.2 14,901.7 10.2 13,024.9 10.2 12,841.0 10.5 6,439.4 4.4 6,117.9 4.8 5,641.2 4.6
1,327.0 0.9 1,323.7 1.0 1,271.9 1.0 — — — — — —
F 4,409.0 3.0 4,173.9 3.3 3,939.8 3.2 439.5 0.3 404.2 0.3 381.4 0.3 257.6 0.2 204.6 0.2 181.3 0.1 19.1 0.0 17.6 0.0 16.3 0.0 _ _ ____________ ________ ____________ ________ ____________ ________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 51,260.3 35.2 11.93 45,048.6 35.4 12.74 43,941.4 35.9 12.40 _ _ ____________ ________ ____________ ________ ____________ ________
6,747.8 4.6 6,336.1 5.0 5,801.8 4.7 1,976.7 1.4 2,741.7 2.1 2,699.6 2.2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0.6 0.0 0.6 0.0 0.6 0.0 _ _ ____________ ________ ____________ ________ ____________ ________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 8,725.1 6.0 10.06 9,078.4 7.1 12.07 8,502.0 6.9 12.31 _ _ ____________ ________ ____________ ________ ____________ ________
33,796.7 23.2 30,943.9 24.2 29,726.3 24.2 10,988.4 7.5 8,681.2 6.7 7,936.7 6.4 2,891.5 2.0 2,409.8 1.9 2,282.6 1.9 2,539.8 1.7 1,612.2 1.3 1,667.4 1.4 4,143.0 2.8 3,119.7 2.4 2,940.5 2.4 1,789.5 1.2 1,286.1 1.0 1,256.3 1.0 7,819.7 5.4 6,278.0 4.9 5,720.8 4.7
2,745.8 1.9 2,074.4 1.6 1,904.7 1.6 2,302.3 1.6 1,640.4 1.3 1,539.4 1.3
960.1 0.7 613.4 0.5 623.3 0.5 1,137.2 0.8 1,017.8 0.8 985.0 0.8 225.9 0.2 220.5 0.2 207.3 0.2 391.5 0.3 341.4 0.3 321.0 0.3 — — — — — —
C — — — — — — C — — — — — — S — — — — — — C — — — — — — C — — — — — — C — — — — — — C — — — — — — C — — — — — — C — — — — — — O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 579.8 0.4 558.5 0.4 780.0 0.6 _ _ ____________ ________ ____________ ________ ____________ ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 72,311.2 49.7 11.58 60,797.3 47.5 11.00 57,891.3 47.3 11.31 _ _ ____________ ________ ____________ ________ ____________ ________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $145,585.8 100.0% $11.66(1) $127,637.0 100.0% $12.49(1) $122,481.6 100.0% $12.43(1) _ _ ____________ ________ ____________ ________ ____________ ________ _ _ ____________ ________ ____________ ________ ____________ ________
R P
(1) Represents the weighted average of the four classes of real property. (2) Property tax rate based on every $100 assessed valuation.
358
Percent of Levy through June 30, 2015 ______________________________________________________________________ Uncollected Fiscal Tax Levy Abatements Balance Year (in millions)(2) Collections Cancellations and Discounts(1) June 30, 2015______ ___________ __________ ____________ ________________ _______________
2006 $13,668.1 93.6% 4.4% 4.2% 0.2% 2007 14,291.2 93.8 4.7 4.5 0.2 2008 14,356.2 93.7 4.5 4.1 0.3 2009 15,327.5 96.6 4.7 4.5 0.5 2010 17,588.1 92.6 4.3 4.1 0.9 2011 18,323.7 92.0 3.8 4.1 2.1 2012 19,284.5 91.9 3.6 3.9 1.7 2013 20,133.1 91.8 3.4 4.2 1.5 2014 21,285.2 91.6 3.1 3.8 1.4 2015 22,591.5 92.1 3.5 3.3 1.5
(1) Abatements and Discounts include SCRIE Abatements (Senior citizen rent increase exemption), J-51 Abatements, Section 626 Abatements and other minor discounts offered by the City to property owners.
(2) The Tax Levy amounts are the amount from the City Council Resolution. In 2003 an 18% surcharge was imposed and is included in each year following.
NOTES: Total uncollected balance at June 30, 2015 less allowance for uncollectible amounts equals net realizable amount (real estate taxes receivable).
Levy may total over 100 percent due to imposed charges that include ICIP deferred charges (Industrial and Commercial Incentive Program), rebilling charges and other additional charges imposed by The Department of Finance (DOF). This information is included in the FAIRTAX LEVY report.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Collections, Cancellations, Abatements and Other Discounts as a Percent of Tax Levy—Ten Year Trend
359
Current Fiscal Year Ended June 30, 2015 and Nine Years Ago
2015 2006 ______________________________ ______________________________ Taxable Percentage of Taxable Percentage of Assessed Total Taxable Assessed Total Taxable Taxpayer Value Assessed Value Value Assessed Value _______ ________________ ___________ ______________ ___________ Consolidated Edison* . . . . . . . . . . . . . . . . . $12,534,070,675 6.87% $6,189,181,304 5.63% Verizon* . . . . . . . . . . . . . . . . . . . . . . . . . . . 720,786,199 0.39 1,172,715,100 1.07 Met Life Building . . . . . . . . . . . . . . . . . . . . 439,106,079 0.24 266,252,000 0.24 General Motors Building . . . . . . . . . . . . . . 569,540,324 0.31 262,595,000 0.24 McGraw-Hill Building . . . . . . . . . . . . . . . . 411,305,754 0.23 230,130,000 0.21 International Building . . . . . . . . . . . . . . . . . 397,797,959 0.22 242,642,467 0.22 Stuyvesant Town . . . . . . . . . . . . . . . . . . . . . 398,147,210 0.22 227,880,000 0.21 245 Park Avenue . . . . . . . . . . . . . . . . . . . . . 336,366,654 0.18 — — Sperry Rand Building . . . . . . . . . . . . . . . . . — — 226,998,000 0.21 120 West 55 Street . . . . . . . . . . . . . . . . . . . 368,386,659 0.20 — — Solow Building . . . . . . . . . . . . . . . . . . . . . . — — 221,870,000 0.20 Empire State Building . . . . . . . . . . . . . . . . . 329,793,305 0.18 — — Credit Lyonnais . . . . . . . . . . . . . . . . . . . . . . — — 221,099,998 0.20 _______________ ____ ______________ ____ Total . . . . . . . . . . . . . . . . . . . . . . . . . . $16,505,300,818 9.04% $9,261,363,869 8.43% _______________ ____ ______________ ____ _______________ ____ ______________ ____
* Including Special Franchises: 2006—Consolidated Edison $3,971,991,520 2006—Verizon 609,004,356 2015—Consolidated Edison $3,314,337,755 2015—Verizon 348,343,190
SOURCE : The City of New York, Department of Finance, Bureau of Real Property Assessment.
NOTE : The amounts displayed represent the ten largest real estate taxpayers for each of the fiscal years presented.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Largest Real Estate Taxpayers
G en er al F un d . . . . . . . . . . . . . . . $ 10 ,7 38 ,4 65 $ 8 ,5 32 ,3 03 $ 8, 80 8, 44 7 $ 7, 97 9, 20 2 $ 7, 47 0, 92 8 $ 7, 40 2, 01 1 $ 7, 51 8, 90 3 $ 9, 76 4, 20 9 $ 7, 96 3, 17 0 $ 7, 67 5, 81 3
D eb t S er vi ce F un ds . . . . . . . . . . 55 6, 20 4 1, 64 1, 31 1 1, 00 6, 45 1 57 7, 80 0 69 5, 04 4 19 0, 64 6 13 8, 27 3 16 3, 75 6 68 4, 60 7 35 0, 00 0
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
T ot al P er so na l In co m e
T ax R ev en ue s . . . . . . . . . . . $ 11 ,2 94 ,6 69 $ 10 ,1 73 ,6 14 $ 9, 81 4, 89 8 $ 8, 55 7, 00 2 $ 8, 16 5, 97 2 $ 7, 59 2, 65 7 $ 7, 65 7, 17 6 $ 9, 92 7, 96 5 $ 8, 64 7, 77 7 $ 8, 02 5, 81 3
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
__ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ _
S o u rc e: C o m p re h en si ve A n n u al F in an ci al R ep o rt s o f th e C o m p tr o ll er .
360
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
P er so n al I n co m e T ax R ev en u es — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
B eg in ni ng B al an ce — Ju ly 1 st . . $ 63 2 $
61 2 $
61 4 $
61 1 $
59 1 $
59 8 $
63 0 $
69 2 $
68 0 $
69 4
A dd :
S um m on se s Is su ed ( a) . . . . . . 9 10 8 74 7 35 8 38 9 04 9 43 8 64 9 19 8 60 8 54
__ __ __ _ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __
1 ,5 42 1 ,4 86 1 ,3 49 1 ,4 49 1 ,4 95 1 ,5 41 1 ,4 94 1 ,6 11 1 ,5 40 1 ,5 48
__ __ __ _ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __
D ed uc t:
C ol le ct io ns . . . . . . . . . . . . . . . 6 84 6 27 5 42 6 10 6 05 6 24 5 95 6 24 5 69 5 81
W ri te -o ff s, A dj us tm en ts a nd
D is po si ti on s (b ) . . . . . . . . . 2 38 2 27 1 95 2 25 2 79 3 26 3 01 3 57 2 79 2 87
__ __ __ _ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __
9 22 8 54 7 37 8 35 8 84 9 50 8 96 9 81 8 48 8 68
__ __ __ _ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __
E nd in g B al an ce — Ju ne 3 0t h . . . 6 20 6 32 6 12 6 14 6 11 5 91 5 98 6 30 6 92 6 80
L es s:
A ll ow an ce f or
U nc ol le ct ib le A m ou nt s (c ) . . 3 93 4 04 3 95 3 80 3 52 3 25 3 32 3 55 4 09 4 30
__ __ __ _ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __
S um m on se s U nc ol le ct ed —
Ju ne 3 0t h . . . . . . . . . . . . . . . . $ 22 7 $
22 8 $
21 7 $
23 4 $
25 9 $
26 6 $
26 6 $
27 5 $
28 3 $
25 0
__ __ __ _ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __
__ __ __ _ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __
(a ) T h e su m m o n se s is su ed b y v ar io u s C it y a g en ci es f o r p ar k in g v io la ti o n s ar e ad ju d ic at ed a n d c o ll ec te d b y t h e P ar k in g V io la ti o n s B u re au ( P V B ) o f th e C it y ’s D ep ar tm en t
o f F in an ce .
(b ) P ro p o se d “ w ri te -o ff s” a re i n a cc o rd an ce w it h a w ri te -o ff p o li cy i m p le m en te d b y P V B f o r su m m o n se s d et er m in ed t o b e le g al ly u n co ll ec ti b le /u n p ro ce ss ab le o r fo r w h ic h
al l p re sc ri b ed c o ll ec ti o n e ff o rt s ar e u n su cc es sf u l.
(c ) T h e A ll ow an ce f o r U n co ll ec ti b le A m o u n ts i s ca lc u la te d a s fo ll ow s: s u m m o n se s w h ic h a re o ve r th re e y ea rs o ld a re f u ll y ( 1 0 0 % ) re se rv ed a n d 3 5 % o f su m m o n se s le ss
th an t h re e y ea rs o ld a re r es er ve d .
N O T E : D at a d o es n o t in cl u d e in te re st r ef le ct ed o n t h e b o o k s o f P V B .
S O U R C E : T h e C it y o f N ew Y o rk , D ep ar tm en t o f F in an ce , P ar k in g V io la ti o n s B u re au .
361
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
U n co ll ec te d P ar k in g V io la ti on s F in es — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
(i n m il li on s)
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
STATISTICAL SECTION
SCHEDULES OF DEBT CAPACITY INFORMATION
364
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
R at io s of O u ts ta n d in g D eb t b y T yp e—
T en Y ea r T re n d (1 )( 2)
T ot al O u ts ta n d in g D eb t
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _
G en er al T ax L ie n N et o f C ap it al T ot al P er ce n ta ge o f
F is ca l O b li ga ti on T S A S C I D A S T A R F S C C ol la te ra li ze d G ro ss P re m iu m s / N et L ea se P ri m ar y P er so n al P er
Y ea r B on d s T F A D eb t B on d s D eb t D eb t H Y IC E C F B on d s D eb t( 1) ( d is co u n ts )( 1) D eb t( 1) O b li ga ti on s( 1) G ov er n m en t I n co m e( 3) C ap it a( 4)
__ __ __ _ __ __ __ _ __ __ __ __ __ __ _ __ _ _ __ __ _ __ __ __ __ __ _ __ _ _ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ __ __ __ _ __ __ __ _ __ __ __ __
(d ol la rs i n m il li on s, e xc ep t p er c ap it a)
20 06 $3 5, 84 4 $ 12 ,2 33 $ 1, 33 4 $1 04 $ 2, 47 0 $ 38 7 $
— $ 8 4 $—
$ 52 ,4 56 $ 74 4 $ 53 ,2 00 $2 ,9 25 $5 6, 12 5 1 4. 86 % $ 7, 02 1
20 07 3 4, 50 6 14 ,6 07 1, 31 7 1 02 2 ,3 68 33 7 2 ,1 00 12 3 —
5 5, 46 0 82 1 56 ,2 81 2 ,8 32 5 9, 11 3 1 4. 23 7, 37 6
20 08 3 6, 10 0 14 ,8 28 1, 29 7 1 01 2 ,3 39 32 1 2 ,0 67 10 9 —
5 7, 16 2 89 6 58 ,0 58 2 ,0 25 6 0, 08 3 1 4. 32 7, 44 7
20 09 3 9, 99 1 16 ,9 13 1, 27 4 9 9 2 ,2 53 30 4 2 ,0 33 10 2 —
6 2, 96 9 84 7 63 ,8 16 1 ,9 37 6 5, 75 3 1 6. 12 8, 08 6
20 10 4 1, 55 5 20 ,0 94 1, 26 5 9 9 2 ,1 78 29 4 2 ,0 00 15 0 4 2 6 7, 67 7 3, 20 5 70 ,8 82 1 ,8 59 7 2, 74 1 1 6. 85 8, 88 0
20 11 4 1, 78 5 23 ,8 20 1, 26 0 9 8 2 ,1 17 28 2 2 ,0 00 28 1 3 4 7 1, 67 7 1, 22 6 72 ,9 03 1 ,8 95 7 4, 79 8 1 6. 35 9, 02 6
20 12 4 2, 28 6 26 ,2 68 1, 25 3 9 5 2 ,0 54 27 0 3 ,0 00 27 4 3 6 7 5, 53 6 2, 00 4 77 ,5 40 1 ,8 18 7 9, 35 8 1 6. 71 9, 48 6
20 13 4 1, 59 2 29 ,2 02 1, 24 5 9 3 1 ,9 85 26 0 3 ,0 00 26 8 3 4 7 7, 67 9 2, 95 6 80 ,6 35 1 ,7 39 8 2, 37 4 1 7. 11 9, 76 2
20 14 4 1, 66 5 31 ,0 38 1, 22 8 9 0 1 ,9 75 23 1 3 ,0 00 26 6 4 6 7 9, 53 9 3, 16 2 82 ,7 01 1 ,7 01 8 4, 40 2 1 7. 87 1 0, 04 1
20 15 4 0, 46 0 33 ,8 50 1, 22 2 8 7 2 ,0 35 19 8 3 ,0 00 26 4 3 4 8 1, 15 0 3, 82 5 84 ,9 75 1 ,6 39 8 6, 61 4 1 7. 99 1 0, 20 1
S ou rc es : C om pr eh en si ve A nn ua l F in an ci al R ep or ts o f th e C om pt ro ll er
(1 ) S ee N ot es t o F in an ci al S ta te m en ts ( N ot e D .5 ), “ C ha ng es i n L on g T er m L ia bi li ti es ”
(2 ) T he re h av e be en n o T re as ur y ob li ga ti on s, s in ce F is ca l Y ea r 20 05 , t ha t co ul d be u se d to o ff se t O ut st an di ng O bl ig at io ns
(3 ) S ee E xh ib it “ P er so na l In co m e—
T en Y ea r T re nd ”, P ar t II I— S ta ti st ic al I nf or m at io n, C A F R
(4 ) S ee E xh ib it “ P op ul at io n—
T en Y ea r T re nd ”, P ar t II I— S ta ti st ic al I nf or m at io n, C A F R . C ur re nt Y ea r T ot al P ri m ar y G ov er nm en t is d iv id ed b y pr io r ye ar s C it y of N ew Y or k
po pu la ti on
365
City Net General Debt Secured by City Net Obligation Bonded Debt as Revenue other General Obligation a Percentage of Assessed Fiscal Year General Bonded Debt(1) than Property Tax(2)(3) Bonded Debt Taxable Value of Property(4) Per Capita(5) ____________ ______________ ________________ ____________________ ______________________ ____________
2006 $53,200 $17,732 $35,468 28.96% $4,437 2007 56,281 22,016 34,265 26.85 4,276 2008 58,058 22,310 35,748 24.55 4,431 2009 63,816 24,165 39,651 26.09 4,876 2010 70,882 29,793 41,089 26.01 5,016 2011 72,903 31,677 41,226 25.82 4,975 2012 77,540 36,191 41,349 26.18 4,943 2013 80,635 40,456 40,179 24.30 4,761 2014 82,701 39,459 43,242 24.58 5,093 2015 84,975 42,916 42,059 22.42 4,953
SOURCES: Comprehensive Annual Financial Reports of the Comptroller (1) See Notes to Financial Statements (Note D.5), “Changes in Long Term Liabilities”—Bonds and Notes Payable net of premium
and discount. (2) Includes ECF, FSC, HYIC, IDA, STAR, TFA , NYCTLTs and TSASC. (3) See Exhibit “Pledged-Revenue Coverage”, Part III—Statistical Information, CAFR (4) See Exhibit “Assessed Value and Estimated Actual Value of Taxable Property—Ten Year Trend”, Part III—Statistical Information,
CAFR (5) See Exhibit “Population—Ten Year Trend”, Part III—Statistical Information, CAFR
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Ratios of City General Bonded Debt Payable—Ten Year Trend
(dollars in millions, except per capita)
A ss es se d va lu e . . . . . . . . . . . . . . . $8 51 ,8 41 ,3 82
$8 13 ,5 48 ,8 10 $7 91 ,0 03 ,1 65 $7 68 ,5 26 ,7 03 $7 60 ,9 66 ,9 39 $7 62 ,2 44 ,0 37 $7 49 ,0 42 ,5 80 $7 04 ,1 88 ,6 69 $6 01 ,0 24 ,0 31 $5 33 ,3 55 ,0 05
_ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
D eb t l im it ( 10 % o f as se ss ed v al ue ) 85 ,1 84 ,1 38 8 1, 35 4, 88 1 7 9, 10 0, 31 7 7 6, 85 2, 67 0 7 6, 09 6, 69 4 7 6, 22 4, 40 4 7 4, 90 4, 25 8 7 0, 41 8, 86 7 6 0, 10 2, 40 3 5 3, 33 5, 50 1
D eb t a pp li ca bl e to li m it :
G en er al O bl ig at io n B on ds (1 ) . . . 4 0, 16 7, 19 9 4 1, 36 5, 04 4 4 1, 29 2, 43 0 4 1, 96 9, 75 7 4 1, 44 8, 39 5 4 1, 22 3, 49 7 3 9, 69 0, 54 9 3 4, 50 9, 56 5 3 4, 15 0, 75 8 3 5, 48 1, 14 6
T FA D eb t O ut st an di ng
(2 ) . . . . . 1 1, 98 8, 23 0 1 0, 51 3, 39 5 8 ,3 14 ,8 55 6 ,0 86 ,9 90 4 ,1 23 ,7 25 9 06 ,2 95 —
—
—
—
A dj us tm en ts :
E xc lu de d fu nd d eb t . . . . . . . . . . ( 51 ,5 93 ) (5 6, 69 8) ( 77 ,0 37 ) (9 0, 07 0) ( 19 5, 07 6) ( 24 1, 56 1) ( 28 8, 42 7) ( 31 8, 76 2) ( 37 4, 69 9) ( 40 8, 20 1)
S er vi ce f un d an d ap pr op ri at io ns
f or r ed em pt io n of
n on -e xc lu de d de bt . . . . . . . . . ( 2, 21 7, 93 2) ( 2, 02 8, 90 6) ( 1, 92 8, 69 8) ( 1, 99 7, 98 6) ( 1, 95 4, 63 5) ( 1, 75 0, 33 2) ( 1, 60 1, 22 5) ( 1, 53 5, 24 7) ( 1, 71 2, 57 0) ( 1, 59 7, 62 4)
C on tr ac t, la nd a cq ui si ti on a nd
ot he r li ab il it ie s . . . . . . . . . . . . 7 ,5 42 ,1 04 6 ,1 15 ,9 44 6 ,6 71 ,1 91 6 ,7 09 ,9 00 8 ,6 10 ,4 79 9 ,7 45 ,2 79 9 ,4 32 ,5 80 9 ,9 80 ,6 04 7 ,4 40 ,7 58 6 ,2 38 ,8 91
_ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
T ot al n et a dj us tm en ts . . . . . 5, 27 2, 57 9 4 ,0 30 ,3 40 4 ,6 65 ,4 56 4 ,6 21 ,8 44 6 ,4 60 ,7 68 7 ,7 53 ,3 86 7 ,5 42 ,9 28 8 ,1 26 ,5 95 5 ,3 53 ,4 89 4 ,2 33 ,0 66
T ot al n et d eb t a pp li ca bl e
to li m it . . . . . . . . . . . . . . 5 7, 42 8, 00 8 5 5, 90 8, 77 9 5 4, 27 2, 74 1 5 2, 67 8, 59 1 5 2, 03 2, 88 8 4 9, 88 3, 17 8 4 7, 23 3, 47 7 4 2, 63 6, 16 0 3 9, 50 4, 24 7 3 9, 71 4, 21 2
_ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
L eg al d eb t m ar gi n . . . . . . . . . . . . . $ 2 7, 75 6, 13 0 $ 2 5, 44 6, 10 2 $ 2 4, 82 7, 57 6 $ 2 4, 17 4, 07 9 $ 2 4, 06 3, 80 6 $ 2 6, 34 1, 22 6 $ 2 7, 67 0, 78 1 $ 2 7, 78 2, 70 7 $ 2 0, 59 8, 15 6 $ 1 3, 62 1, 28 9
_ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
_ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _
T ot al n et d eb t a pp li ca bl e to th e li m it
as a p er ce nt ag e of d eb t l im it . . . 6 7. 42 % 6 8. 72 % 6 8. 61 % 6 8. 54 % 6 8. 38 % 6 5. 44 % 6 3. 06 % 6 0. 55 % 6 5. 73 % 7 4. 46 %
N ot es :
(1 ) In cl ud es a dj us tm en ts f or B us in es s Im pr ov em en t D is tr ic ts , O ri gi na l Is su e D is co un t, C ap it al A pp re ci at io n B on ds D is co un ts a nd c as h on h an d fo r de fe as an ce .
(2 ) T FA D eb t O ut st an di ng a bo ve 1 3. 5 bi ll io n (E xc lu de s T FA B ui ld in g A id R ev en ue b on ds ).
T he C on st it ut io n of t he S ta te o f N ew Y or k li m it s th e ge ne ra l de bt -i nc ur ri ng p ow er o f T he C it y of N ew Y or k to t en p er ce nt o f th e fi ve -y ea r av er ag e of f ul l va lu at io ns o f ta xa bl e
re al e st at e.
O bl ig at io ns f or w at er s up pl y an d ce rt ai n ob li ga ti on s fo r ra pi d tr an si t an d se w ag e ar e ex cl ud ed p ur su an t to t he S ta te C on st it ut io n an d in a cc or da nc e w it h pr ov is io ns o f th e S ta te
L oc al F in an ce L aw . R es ou rc es o f th e G en er al D eb t S er vi ce F un d ap pl ic ab le t o no n- ex cl ud ed d eb t an d de bt s er vi ce a pp ro pr ia ti on s fo r th e re de m pt io n of s uc h de bt a re d ed uc te d
fr om t he n on -e xc lu de d fu nd ed d eb t to a rr iv e at t he f un de d de bt w it hi n th e de bt l im it .
T o pr ov id e fo r th e C it y’ s ca pi ta l pr og ra m , S ta te l eg is la ti on w as e na ct ed w hi ch c re at ed t he T ra ns it io na l F in an ce A ut ho ri ty ( T FA ). T FA d eb t ab ov e 13 .5 b il li on i s su bj ec t to t he
ge ne ra l de bt l im it o f th e C it y.
366
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
L eg al D eb t M ar gi n I n fo rm at io n — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
( in t h ou sa n d s)
N ew Y or k C it y T ra n si ti on al F in an ce A u th or it y
F u tu re T ax S ec u re d B on d s D eb t S er vi ce
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _
F is ca l P IT S al es T ax I nv es tm en t T ot al O p er at in g T ot al t o b e C ov er ag e C ov er ag e on
Y ea r R ev en u e( 1) R ev en u e( 2) O th er
(3 ) E ar n in gs
(4 ) R ev en u e I n te re st P ri n ci p al T ot al E xp en se s C ov er ed P IT o n ly T ot al R ev en u e
_ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ _ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __
(i n t h ou sa n d s)
20 06
$ 7 ,3 33 ,8 13
$4 ,4 27 ,0 00
$ —
$3 8, 60 6 $1 1, 79 9, 41 9 $5 72 ,7 23
$3 73 ,2 45
$ 9 45 ,9 68
$ 9 ,5 95
$ 9 55 ,5 63 7 .6 7 1 2. 35
20 07 7 ,7 19 ,7 77 4 ,6 27 ,0 00 1 ,2 64 ,2 15 1 2, 52 3 1 3, 62 3, 51 5 5 79 ,9 49 3 39 ,5 75 9 19 ,5 24 8 ,8 48 9 28 ,3 72 8 .3 2 1 4. 67
20 08 8 ,8 14 ,9 65 4 ,8 86 ,0 00 5 45 ,7 47 1 9, 31 2 1 4, 26 6, 02 4 5 89 ,5 59 2 79 ,6 78 8 69 ,2 37 8 ,7 68 8 78 ,0 05 1 0. 04 1 6. 25
20 09 6 ,6 18 ,1 77 4 ,7 46 ,0 00 6 45 ,7 47 5 ,8 58 1 2, 01 5, 78 2 5 41 ,6 41 1 56 ,7 80 6 98 ,4 21 8 ,2 15 7 06 ,6 36 9 .3 7 1 7. 00
20 10 6 ,8 74 ,9 92 4 ,9 40 ,0 00 3 74 ,3 06 1 ,4 41 1 2, 19 0, 73 9 5 16 ,8 95 2 95 ,2 60 8 12 ,1 55 1 1, 66 1 8 23 ,8 16 8 .3 5 1 4. 80
20 11 7 ,6 72 ,0 70 5 ,5 91 ,0 00 8 52 ,5 62 3 73 1 4, 11 6, 00 5 6 71 ,5 77 3 76 ,2 10 1 ,0 47 ,7 87 1 8, 00 5 1 ,0 65 ,7 92 7 .2 0 1 3. 24
20 12 7 ,9 79 ,2 02 5 ,8 45 ,0 00 9 71 ,1 64 1 87 1 4, 79 5, 55 3 7 75 ,6 72 5 90 ,9 25 1 ,3 66 ,5 97 2 1, 02 5 1 ,3 87 ,6 22 5 .7 5 1 0. 66
20 13 9 ,2 04 ,8 98 6 ,1 39 ,0 00 1 12 ,4 46 3 80 1 5, 45 6, 72 4 8 38 ,5 01 6 36 ,4 40 1 ,4 74 ,9 41 2 5, 28 9 1 ,5 00 ,2 30 6 .1 4 1 0. 30
20 14 9 ,5 60 ,6 14 6 ,4 59 ,0 00 1 ,4 75 ,4 29 1 86 1 7, 49 5, 22 9 9 40 ,0 67 8 35 ,9 15 1 ,7 75 ,9 82 2 2, 97 3 1 ,7 98 ,9 55 5 .3 1 9 .7 3
20 15 10 ,6 60 ,1 68 6 ,7 35 ,5 46 2 ,3 44 ,7 60 18 1 9, 74 0, 49 2 9 87 ,8 29 7 87 ,9 65 1 ,7 75 ,7 94 2 3, 59 9 1 ,7 99 ,3 93 5 .9 2 1 0. 97
(1 ) P er so n al i n co m e ta x ( P IT ).
(2 ) S al es t ax r ev en u e h as n o t b ee n r eq u ir ed b y t h e T FA . T h is a m o u n t is a va il ab le t o c ov er d eb t se rv ic e if r eq u ir ed .
(3 ) G ra n t fr o m C it y a n d F ed er al S u b si d y.
(4 ) N et o f fa ir m ar ke t va lu e ad ju st m en t.
B u il d in g A id R ev en u e B on d s D eb t S er vi ce
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
C ov er ag e on
F is ca l B A R B s I nv es tm en t T ot al O p er at in g T ot al t o b e T ot al
Y ea r R ev en u e( 1) O th er
(2 ) E ar n in gs
(3 ) R ev en u e I n te re st P ri n ci p al T ot al E xp en se s C ov er ed R ev en u e
_ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
(i n t h ou sa n d s)
20 07
$ 50 5, 81 8
$ —
$ 5 36 $ 5 06 ,3 54
$ —
$ —
$ —
$ 9 2
$ 92 N /A
20 08 6 96 ,5 66 —
1 ,5 58 69 8, 12 4 62 ,2 08 —
6 2, 20 8 11 0 6 2, 31 8 11 .2 0
20 09 7 57 ,1 99 —
3 ,3 71 76 0, 57 0 88 ,6 46 1 8, 82 0 1 07 ,4 66 19 4 10 7, 66 0 7 .0 6
20 10 8 29 ,9 49 —
1 ,2 05 83 1, 15 4 1 94 ,7 89 3 0, 02 5 2 24 ,8 14 31 6 22 5, 13 0 3 .6 9
20 11 8 94 ,4 78 —
( 82 2) 8 93 ,6 56 2 07 ,8 38 6 5, 45 5 2 73 ,2 93 32 0 27 3, 61 3 3 .2 7
20 12 9 06 ,7 46 —
1 ,2 77 90 8, 02 3 2 37 ,4 20 7 1, 19 0 3 08 ,6 10 31 9 30 8, 92 9 2 .9 4
20 13 9 65 ,7 01 —
2 ,4 66 96 8, 16 7 2 91 ,8 42 4, 54 5 2 96 ,3 87 34 8 29 6, 73 5 3 .2 6
20 14 1 ,0 02 ,7 08 —
8 62 1, 00 3, 57 0 3 08 ,4 38 1 02 ,6 95 4 11 ,1 33 32 2 41 1, 45 5 2 .4 4
20 15 1 ,0 39 ,3 95 7 6, 82 5 1 ,4 67 1, 11 7, 68 7 3 03 ,9 82 1 25 ,6 60 4 29 ,6 42 36 2 43 0, 00 4 2 .6 0
(1 ) B u il d in g A id E q u iv al en t P ay m en ts .
(2 ) G ra n t fr o m C it y.
(3 ) N et o f fa ir m ar ke t va lu e ad ju st m en t.
N /A = N o t A p p li ca b le
S o u rc e: N ew Y o rk C it y T ra n si ti o n al F in an ce A u th o ri ty
367
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
P le d ge d -R ev en u e C ov er ag e
(C o n ti
n u ed
)
T S A S C , I n c.
D eb t S er vi ce
_ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _
F is ca l T S R I nv es tm en t T ot al T ot al t o b e C ov er ag e on
Y ea r R ev en u e( 1) & (2 ) E ar n in gs R ev en u e I n te re st P ri n ci p al (3 ) T ot al C ov er ed T ot al R ev en u e
_ __ __ _ __ __ __ __ __ __ __ _ _ __ __ __ __ __ __ _ __ __ __ __ __ __ _ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ _ __ __ __ __ __ __ __ _ __ __ __ __ __ __
(i n t h ou sa n d s)
2 00 6( 4) $ 19 9, 13 3 $ 8, 09 1 $ 20 7, 22 4 $9 6, 34 5 $3 4, 59 9 $ 13 0, 94 4 $ 13 0, 94 4 1. 58
2 00 7 80 ,1 98 5 ,9 57 86 ,1 55 6 6, 63 7 1 6, 70 5 8 3, 34 2 8 3, 34 2 1. 03
2 00 8 79 ,2 64 6 ,7 76 86 ,0 40 6 5, 83 3 1 9, 31 5 8 5, 14 8 8 5, 14 8 1. 01
2 00 9 87 ,3 71 1 ,6 49 89 ,0 20 6 4, 97 2 2 3, 85 5 8 8, 82 7 8 8, 82 7 1. 00
2 01 0 72 ,3 99 79 72 ,4 78 6 3, 87 0 8 ,3 85 7 2, 25 5 7 2, 25 5 1. 00
2 01 1 68 ,6 41 6 80 69 ,3 21 6 3, 47 4 5 ,0 15 6 8, 48 9 6 8, 48 9 1. 01
2 01 2 70 ,0 01 1 ,8 70 71 ,8 71 6 3, 23 6 7 ,5 40 7 0, 77 6 7 0, 77 6 1. 02
2 01 3 69 ,9 57 — 69 ,9 57 6 2, 87 8 7 ,3 10 7 0, 18 8 7 0, 18 8 1. 00
2 01 4 79 ,1 44 9 41 80 ,0 85 6 2, 53 0 1 7, 07 0 7 9, 60 0 7 9, 60 0 1. 01
2 01 5 67 ,7 29 4 98 68 ,2 27 6 1, 72 0 6 ,3 35 6 8, 05 5 6 8, 05 5 1. 00
(1 ) T o b ac co s et tl em en t re ve n u es ( T S R ).
(2 ) A p o rt io n o f th e T S R ’s r ec ei ve d i n a f is ca l y ea r ar e re se rv ed f o r th e su b se q u en t fi sc al y ea r’ s D ec em b er d eb t se rv ic e p ay m en t.
(3 ) T h e an n u al p ay m en t o f p ri n ci p al i s d et er m in ed b y t h e av ai la b le a m o u n t o f T S A S C ’s T S R a n d i n te re st e ar n in g s, a ft er p ay m en t o f in te re st a n d o p er at in g e x p en se s.
(4 ) O n F eb ru ar y 8 , 2 0 0 6 T S A S C r es tr u ct u re d i ts d eb t. T h e n ew i n d en tu re p le d g ed 3 7 .4 % o f T S R c o ll ec ti o n t ow ar d s d eb t se rv ic e an d o p er at in g e x p en se s an d f ro m t h e d at e
o f th e re st ru ct u ri n g f o rw ar d o n ly t h at p le d g ed p o rt io n o f T S R i s in cl u d ed i n t h is c ov er ag e ca lc u la ti o n .
S o u rc e: T S A S C , In c.
S al es T ax A ss et R ec ei va b le C or p or at io n
D eb t S er vi ce
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
F is ca l L G A C I nv es tm en t T ot al O p er at in g T ot al t o b e C ov er ag e on
Y ea r R ev en u e1 ) E ar n in gs R ev en u e In te re st P ri n ci p al (2 ) T ot al E xp en se s C ov er ed T ot al R ev en u e( 3)
_ __ __ _ __ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __ _ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ _ __ __ __ __ _
(i n t h ou sa n d s)
2 00 6 $ 17 0, 00 0 $ 11 ,5 50 $ 18 1, 55 0 $ 12 1, 08 9 $ 8 1, 03 0 $ 2 02 ,1 19 $ 1 08 $ 20 2, 22 7 0. 90
2 00 7 17 0, 00 0 13 ,5 20 18 3, 52 0 11 8, 64 1 1 02 ,2 90 2 20 ,9 31 2 66 22 1, 19 7 0. 83
2 00 8 17 0, 00 0 10 ,6 29 18 0, 62 9 11 5, 53 6 2 9, 51 5 1 45 ,0 51 3 10 14 5, 36 1 1. 24
2 00 9 17 0, 00 0 5 ,4 72 17 5, 47 2 11 3, 78 4 8 5, 78 0 1 99 ,5 64 3 02 19 9, 86 6 0. 88
2 01 0 17 0, 00 0 9 46 17 0, 94 6 11 0, 89 9 7 4, 92 0 1 85 ,8 19 3 47 18 6, 16 6 0. 92
2 01 1 17 0, 00 0 3 ,8 37 17 3, 83 7 10 8, 04 2 6 1, 44 5 1 69 ,4 87 3 73 16 9, 86 0 1. 02
2 01 2 17 0, 00 0 1 ,1 64 17 1, 16 4 10 5, 32 6 6 2, 80 0 1 68 ,1 26 3 25 16 8, 45 1 1. 02
2 01 3 17 0, 00 0 3 06 17 0, 30 6 10 2, 44 5 6 8, 24 0 1 70 ,6 85 3 47 17 1, 03 2 1. 00
2 01 4 17 0, 00 0 3 26 17 0, 32 6 9 9, 26 3 1 0, 88 5 1 10 ,1 48 3 70 11 0, 51 8 1. 54
2 01 5 17 0, 00 0 2 26 17 0, 22 6 10 4, 26 3 1 0, 88 0 1 15 ,1 43 4 26 11 5, 56 9 1. 47
(1 ) N ew Y o rk S ta te L o ca l G ov er n m en t A ss is ta n ce C o rp o ra ti o n ( L G A C ).
(2 ) P ri n ci p al i n cl u d es d ef ea sa n ce s.
(3 ) D eb t se rv ic e p ay m en ts a re f u n d ed f ro m e x ce ss p ri o r y ea rs ’ re ve n u es a n d f ro m c u rr en t y ea r re ve n u es .
S o u rc e: S al es T ax A ss et R ec ei va b le C o rp o ra ti o n
368
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
P le d ge d -R ev en u e C ov er ag e (C on t. )
(C o n ti
n u ed
)
369
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
P le d ge d -R ev en u e C ov er ag e (C on t. )
H u d so n Y ar d s In fr as tr u ct u re C or p or at io n
D eb t S er vi ce
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _
C ov er ag e
F is ca l D IB T E P I S P I nv es tm en t T ot al O p er at in g T ot al t o b e o n T ot al
Y ea r R ev en u e( 1) R ev en u e( 2) R ev en u e( 3) P IL O M R T (4 ) P IL O T (5 ) O th er
(6 ) E ar n in gs R ev en u e In te re st P ri n ci p al T ot al E xp en se s C ov er ed R ev en u e( 7, 8)
__ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __ _ __ __ __ __ __
(i n t h ou sa n d s)
20 06
$ 11 ,1 20
$ —
$ —
$ —
$ —
$ —
$ 59
$ 11 ,1 79
$ —
$ —
$ —
$ 39 3
$ 39 3
28 .4 5
20 07
57 ,9 38
5, 00 8
— —
— —
43 ,2 57
10 6, 20 3
— —
— 39 6
39 6
26 8. 19
20 08
6, 93 0
1, 68 3
— —
— —
12 7, 30 5
13 5, 91 8
10 6, 31 9
— 10 6, 31 9
58 9
10 6, 90 8
1. 27
20 09
4, 48 8
7, 84 0
— —
— 15 ,0 00
57 ,6 30
84 ,9 58
90 ,1 47
— 90 ,1 47
63 3
90 ,7 80
0. 94
20 10
— 13 ,3 18
— —
— —
19 ,9 60
33 ,2 78
88 ,6 01
— 88 ,6 01
72 8
89 ,3 29
0. 37
20 11
4, 63 5
25 ,9 37
42 ,6 67
— —
— 2, 62 9
75 ,8 68
88 ,2 23
— 88 ,2 23
83 7
89 ,0 60
0. 85
20 12
2, 95 1
27 ,6 79
79 ,3 47
— —
15 5, 59 5
1, 37 5
26 6, 94 7
10 5, 06 5
— 10 5, 06 5
9, 51 9( 9)
11 4, 58 4
2. 33
20 13
3, 26 1
32 ,6 47
— 11 ,0 97
— —
1, 81 9
48 ,8 24
14 3, 84 8
— 14 3, 84 8
45 8
14 4, 30 6
0. 34
20 14
10 ,8 27
38 ,5 53
38 ,1 30
13 ,8 73
— —
1, 15 9
10 2, 54 2
14 3, 84 8
— 14 3, 84 8
43 5
14 4, 28 3
0. 71
20 15
19 3, 65 2
48 ,5 63
28 ,0 47
— 4, 03 6
— 89 8
27 5, 19 6
13 2, 81 4
— 13 2, 81 4
51 4
13 3, 32 8
2. 06
H Y IC i ss u ed i ts f ir st b o n d s o n D ec em b er 2 1 , 2 0 0 6
(1 ) D is tr ic t Im p ro ve m en t B o n u se s (D IB )
(2 ) P ro p er ty T ax E q u iv al en cy P ay m en ts ( T E P )
(3 ) I n te re st S u p p o rt P ay m en ts ( IS P )
(4 ) P ay m en ts i n L ie u o f th e M o rt g ag e R ec o rd in g T ax ( P IL O M R T )
(5 ) P ay m en ts i n L ie u o f R ea l E st at e T ax es ( P IL O T )
(6 ) G ra n t fr o m C it y
(7 ) I S P s ar e to b e m ad e by t he C it y un de r th e te rm s of S up po rt a nd D ev el op m en t A gr ee m en t, w hi ch o bl ig at es t he C it y to p ay H Y IC , su bj ec t to a nn ua l ap pr op ri at io n, a n IS P a m ou nt e qu al t o th e
di ff er en ce b et w ee n th e am ou nt o f fu nd s av ai la bl e to H Y IC t o pa y in te re st o n it s cu rr en t ou ts ta nd in g bo nd s an d th e am ou nt o f in te re st d ue o n su ch b on ds .
(8 ) D eb t se rv ic e p ay m en ts a re f u n d ed f ro m e x ce ss p ri o r y ea rs ’ re ve n u es a n d f ro m c u rr en t y ea r re ve n u es .
(9 ) I n D ec em b er 2 0 1 1 , H Y IC w as o b li g at ed t o m ak e an a rb it ra g e re b at e p ay m en t to U n it ed S ta te s T re as u ry f o r $ 8 .8 M
S o u rc e: H u d so n Y ar d s In fr as tr u ct u re C o rp o ra ti o n
N ew Y or k C it y E d u ca ti on al C on st ru ct io n F u n d (* )
D eb t S er vi ce
__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _
F is ca l R en ta l I nv es tm en t O th er T ot al O p er at in g T ot al t o b e C ov er ag e on
Y ea r R ev en u e E ar n in gs I n co m e R ev en u e I n te re st P ri n ci p al T ot al E xp en se s co ve re d T ot al R ev en u e
__ __ __ __ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ _ __ __ __ __ __ __ _ _ __ __ __ __ __ _ _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __
(i n t h ou sa n d s)
20 06 $2 2, 01 1 $2 ,8 60 $ — $2 4, 87 1 $ 6, 54 4 $ 3, 01 0 $ 9, 55 4 $ 5, 75 6 $1 5, 31 0 2
20 07 2 4, 63 6 3 ,5 45 — 2 8, 18 1 4 ,2 22 1 2, 09 5 1 6, 31 7 5, 30 3 2 1, 62 0 1
20 08 1 9, 05 6 4 ,7 22 — 2 3, 77 8 4 ,7 27 1 3, 66 5 1 8, 39 2 5, 63 5 2 4, 02 7 1
20 09 1 6, 71 2 3 ,0 81 — 1 9, 79 3 3 ,5 95 7 ,4 65 1 1, 06 0 5, 63 6 1 6, 69 6 1
20 10 1 8, 43 6 1 ,0 78 — 1 9, 51 4 2 ,4 98 6 ,1 35 8 ,6 33 4, 62 7 1 3, 26 0 1
20 11 1 9, 51 7 1 ,0 72 — 2 0, 58 9 7 ,5 79 6 ,0 75 1 3, 65 4 5, 45 3 1 9, 10 7 1
20 12 1 9, 44 1 1 ,1 61 — 2 0, 60 2 8 ,7 63 6 ,3 90 1 5, 15 3 6, 00 6 2 1, 15 9 1
20 13 1 4, 84 4 7 77 — 1 5, 62 1 4 ,4 66 6 ,0 75 1 0, 54 1 1, 21 4 1 1, 75 5 1. 33
20 14 1 3, 08 7 5 57 7 ,0 00 2 0, 64 4 13 ,2 45 1 ,8 90 1 5, 13 5 1, 55 7 1 6, 69 2 1. 24
20 15 1 7, 60 9 5 79 — 1 8, 18 8 13 ,1 89 1 ,9 65 1 5, 15 4 1, 83 8 1 6, 99 2 1. 07
(* ) I n te re st o f 8 ,9 1 9 ,0 0 0 w as c ap it al iz ed d u ri n g F Y 1 3 c o n st ru ct io n f o r y ea r 2 0 1 1 a n d 2 0 1 0 b o n d s.
In F Y 2 0 1 4 E C F r ec ei ve d 7 m il li o n i n i n co m e fo r o p ti o n f o r E . 5 7 th d ev el o p m en t to e x te n d l ea se b ey o n d 9 9 y ea rs .
O p er at in g E x p en se s ex cl u d e P o st E m p lo y m en t B en ef it s ac cr u al .
S o u rc e: N ew Y o rk C it y E d u ca ti o n al C o n st ru ct io n F u n d
370
Annual Future Landlord Expires Purpose Obligation Obligation _________ _______ ________ ______________ ______________
(in thousands)
4 World Trade Center LLC . . . . . . . . . . . . . . . . . . 2030 Office Space $16,431 $560,150 HP Gotham Tower LP . . . . . . . . . . . . . . . . . . . . . 2030 Office Space 29,836 532,238 100 Church Fee Owner, LLC. . . . . . . . . . . . . . . . 2034 Office Space 11,570 254,866 A V 2 Realty LLC . . . . . . . . . . . . . . . . . . . . . . . . 2032 Office Space 8,600 225,883 New Water Street Corp. . . . . . . . . . . . . . . . . . . . . 2028 Office Space 13,487 196,991 Jack Resnick & Sons, Inc. . . . . . . . . . . . . . . . . . . 2035 Office Space 8,271 153,149 MIU Realty LLC. . . . . . . . . . . . . . . . . . . . . . . . . . 2026 Transit Facility 9,124 136,106 ABN 2 Realty LLC . . . . . . . . . . . . . . . . . . . . . . . 2034 Office Space 2,574 118,185 150 William Street Associates . . . . . . . . . . . . . . . 2023 Office Space 12,489 107,317 Broadway 26 Waterview LLC . . . . . . . . . . . . . . . 2041 School 3,406 103,380 Celtic Holdings, LLC . . . . . . . . . . . . . . . . . . . . . . 2029 Office Space 6,358 96,762 Laguardia Corporate Center Associates, LLC . . . 2029 Office Space 5,880 95,067 100 Church Fee Owner, LLC . . . . . . . . . . . . . . . . 2034 Office Space 4,354 94,176 Resnick Murray St. Associates . . . . . . . . . . . . . . . 2028 Office Space 6,270 90,618 Forest City Bridge Street Associates, L.P. . . . . . . 2030 Office Space 4,846 88,532 59 Maiden Lane Associates, LLC . . . . . . . . . . . . 2021 Office Space 13,356 87,475 Forest City Myrtle Associates, LLC . . . . . . . . . . . 2024 Office Space 6,877 65,997 45-10 94TH Street LLC . . . . . . . . . . . . . . . . . . . . . 2036 School 2,323 62,223 LSS Leasing Limited Liability Company . . . . . . 2023 Office Space 7,686 61,489 LSS Leasing Limited Liability Company . . . . . . 2023 Office Space 7,236 57,892 59 Maiden Lane Associates, LLC . . . . . . . . . . . . 2021 Office Space 8,727 56,226 450 Partners LLC . . . . . . . . . . . . . . . . . . . . . . . . . 2027 Office Space 4,202 53,739 561 Grand Associates, LLC . . . . . . . . . . . . . . . . . 2041 School 1,547 52,610 469 Holdings LLC . . . . . . . . . . . . . . . . . . . . . . . . 2029 Office Space 2,046 48,112 Gertz Plaza Acquisition 2, LLC . . . . . . . . . . . . . . 2030 Office Space 2,736 45,667 __________ ____________ 25 Largest Leases Based on Future Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,232 3,444,850 755 Remaining Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 499,949 5,062,014 ____ __________ ____________ 780 Total Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $700,181 $8,506,864 ____ __________ ____________ ____ __________ ____________
Source: Various City Agencies
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Capital and Operating Leases
371
Minimum Aggregate Year of Annual Rental Future Minimum Lessee Expiration Fiscal Year 2015 Annual Rents Facility ______ __________ _______________ _______________ _____________
(in thousands)
Port Authority of NY and NJ . . . . . . . . . . . . . . . . . 2050 $128,609 $4,565,606 Airport The Carnegie Hall Corporation . . . . . . . . . . . . . . . 2086 8,569 686,631 Concert Hall UDC/Commodore Redevelopment Corp . . . . . . . . 2077 2,406 171,094 Hotel Waterside Housing Redevelopment Co . . . . . . . . . 2069 6,908 59,084 Urban Renewal Barclay Greenwich Holdings Inc. . . . . . . . . . . . . . 2080 825 42,852 Office Building Emerald Green Group, LLC . . . . . . . . . . . . . . . . . . 2034 — 37,356 Recreation Facility Fran Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2048 695 25,541 Commerce East Broadway Mall . . . . . . . . . . . . . . . . . . . . . . . . 2035 622 16,578 Mall Wollman Rink Operations LLC . . . . . . . . . . . . . . . 2021 1,997 13,303 Recreation Facility Alley Pond Driving Range, Inc. . . . . . . . . . . . . . . . 2025 1,117 12,775 Recreation Facility North Waterside Redevelop Co. . . . . . . . . . . . . . . . 2069 2,225 12,747 Urban Renewal Lepatner & Associates . . . . . . . . . . . . . . . . . . . . . . 2021 1,850 12,370 Recreation Facility American Golf Corporation . . . . . . . . . . . . . . . . . . 2024 900 8,300 Recreation Facility Douglaston Golf, LLC. . . . . . . . . . . . . . . . . . . . . . . 2024 757 7,750 Recreation Facility Forest Golf Corporation . . . . . . . . . . . . . . . . . . . . . 2034 116 6,909 Recreation Facility The Golf Center of Staten Island, Inc. . . . . . . . . . . 2027 425 6,494 Recreation Facility Trump Ferry Point LLC . . . . . . . . . . . . . . . . . . . . . 2035 — 6,150 Recreation Facility Van Cortlandt Golf LLC. . . . . . . . . . . . . . . . . . . . . 2027 400 5,925 Recreation Facility 123 Restaurant Group, LLC . . . . . . . . . . . . . . . . . . 2025 425 5,618 Recreation Facility NY Tennis at Mill Pond, LLC . . . . . . . . . . . . . . . . 2030 250 5,609 Recreation Facility American Golf Corporation . . . . . . . . . . . . . . . . . . 2024 600 5,517 Recreation Facility Brooklyn Renaissance Plaza, LLC . . . . . . . . . . . . . 2018 1,734 5,491 Recreation Facility New York University . . . . . . . . . . . . . . . . . . . . . . . . 2015 1,080 5,377 Office Space American Golf Corporation . . . . . . . . . . . . . . . . . . 2024 550 5,267 Recreation Facility Chef Driven Market, LLC . . . . . . . . . . . . . . . . . . . 2029 301 5,228 Concession Stand __________ ____________ 25 Largest Leases . . . . . . . . . . . . . . . . . . . . . . . $163,361 $5,735,572 411 Remaining Leases . . . . . . . . . . . . . . . . . . . . 31,152 141,657 ___ __________ ____________ 436 Total Leases . . . . . . . . . . . . . . . . . . . . . . . . . $194,513 $5,877,229 ___ __________ ____________ ___ __________ ____________
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Leased City-Owned Property
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
STATISTICAL SECTION
SCHEDULES OF DEMOGRAPHIC AND ECONOMIC INFORMATION
374
2005-2014* Percentage Percentage Change from City of Change from Year United States Prior Period New York Prior Period_____ _________________ ______________ ______________ ______________
2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 295,516,599 0.93% 8,013,368 (0.37%) 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 298,379,912 0.97 7,993,906 (0.24) 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 301,231,207 0.96 8,013,775 0.25 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 304,093,966 0.95 8,068,195 0.68 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 306,771,529 0.88 8,131,574 0.79 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 309,326,295 0.83 8,191,853 0.74 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 311,582,564 0.73 8,287,238 1.16 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 313,873,685 0.74 8,365,903 0.95 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 316,128,839 0.72 8,438,379 0.87 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 318,857,056 0.86 8,491,079 0.62
POPULATION OF NEW YORK CITY BY BOROUGH
2014 2010 2000 1990 1980 1970 ___________ ___________ ___________ ___________ ___________ ___________
Bronx . . . . . . . . . . . . . . . 1,438,159 1,388,314 1,333,854 1,203,789 1,168,972 1,471,701 Brooklyn . . . . . . . . . . . . 2,621,793 2,510,073 2,465,812 2,300,664 2,230,936 2,602,012 Manhattan . . . . . . . . . . . 1,636,268 1,588,494 1,540,373 1,487,536 1,428,285 1,539,233 Queens . . . . . . . . . . . . . . 2,321,580 2,235,370 2,229,895 1,951,598 1,891,325 1,987,174 Staten Island . . . . . . . . . 473,279 469,602 445,414 378,977 352,121 295,443 ________ ________ ________ ________ ________ ________ Total . . . . . . . . . . . . . . . 8,491,079 8,191,853 8,015,348 7,322,564 7,071,639 7,895,563 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ Percentage Increase (Decrease) from Prior Decade . . . . . . . 3.7% 2.2% 9.5% 3.5% (10.4%) 1.5%
Source: U.S. Department of Commerce, Bureau of Economic Analysis, U.S. Census Bureau and American Fact Finder.
Personal Income—Ten Year Trend
2005-2014* Personal Income Per Capita Personal Income ________________________________________________________ _______________________________________________ (in thousands) New York New York City as a City as a City of Percentage of City of Percentage of Year United States New York United States United States New York United States_____ _________________ ______________ ____________ ____________ __________ ____________
2005 . . . . . . . . . . . . . . . . . . . . $10,605,595,000 $345,491,223 3% $35,888 $43,116 120% 2006 . . . . . . . . . . . . . . . . . . . . 11,376,405,000 377,690,765 3 38,127 47,247 124 2007 . . . . . . . . . . . . . . . . . . . . 11,990,104,000 415,330,099 3 39,804 51,826 130 2008 . . . . . . . . . . . . . . . . . . . . 12,429,234,000 419,596,236 3 40,873 52,007 127 2009 . . . . . . . . . . . . . . . . . . . . 12,080,223,000 407,938,817 3 39,379 50,165 127 2010 . . . . . . . . . . . . . . . . . . . . 12,417,659,000 431,773,945 3 40,144 52,707 131 2011 . . . . . . . . . . . . . . . . . . . . 13,189,935,000 457,593,312 3 42,332 55,218 130 2012 . . . . . . . . . . . . . . . . . . . . 13,873,161,000 474,843,931 3 44,200 56,759 128 2013 . . . . . . . . . . . . . . . . . . . . 14,151,427,000 481,573,276 3 44,765 57,072 127 2014 . . . . . . . . . . . . . . . . . . . . 14,708,582,165 NA NA 46,129 NA NA
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
*Amounts as of March 25, 2015. NA: Not Available.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Population—Ten Year Trend
375
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
N on ag ri cu lt u ra l W
ag e an d S al ar y E m p lo ym en t— T en Y ea r T re n d
20 06 -2 01 5
A ve ra ge A n n u al E m p lo ym en t
2 01 5( b ) 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
(i n t h ou sa n d s)
P ri va te E m p lo ym en t:
S er vi ce s( a) . . . . . . . . . . . . . . . . 2 ,3 44 2 ,2 86 2 ,1 97 2 ,1 19 2 ,0 46 1 ,9 77 1 ,9 38 1 ,9 62 1 ,9 19 1 ,8 69
W ho le sa le T ra de . . . . . . . . . . 1 43 1 44 1 42 1 41 1 40 1 38 1 39 1 49 1 50 1 49
R et ai l T ra de . . . . . . . . . . . . . . 35 4 3 49 3 40 3 28 3 14 3 03 2 92 3 00 2 95 2 87
M an uf ac tu ri ng . . . . . . . . . . . . 74 76 76 76 76 76 82 96 1 01 1 06
F in an ci al A ct iv it ie s . . . . . . . . 45 3 4 49 4 38 4 39 4 40 4 29 4 34 4 65 4 68 4 58
T ra ns po rt at io n, W ar eh ou si ng
a nd U ti li ti es . . . . . . . . . . . . 1 26 1 25 1 22 1 21 1 21 1 19 1 22 1 26 1 25 1 23
C on st ru ct io n . . . . . . . . . . . . . 1 27 1 28 1 22 1 16 1 12 1 13 1 21 1 33 1 27 1 19
_ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __
T ot al P ri va te E m pl oy m en t . . . . . 3 ,6 21 3 ,5 57 3 ,4 37 3 ,3 40 3 ,2 49 3 ,1 55 3 ,1 28 3 ,2 31 3 ,1 85 3 ,1 11
G ov er nm en t . . . . . . . . . . . . . . . . 54 4 5 45 5 44 5 46 5 51 5 58 5 67 5 64 5 59 5 55
_ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __
T ot al . . . . . . . . . . . . . . . . 4 ,1 65 4 ,1 02 3 ,9 81 3 ,8 86 3 ,8 00 3 ,7 13 3 ,6 95 3 ,7 95 3 ,7 44 3 ,6 66
_ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __
_ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __ _ __ __
P er ce nt ag e In cr ea se ( D ec re as e)
fr om P ri or Y ea r . . . . . . . . . . . 1 .5 % (b ) 3 .0 % 2 .5 % 2 .3 % 2 .4 % 0 .5 % ( 2. 7% ) 1. 3%
2 .1 % 3 .2 %
(a ) I n cl u d es r o u n d in g a d ju st m en t.
(b ) S ix m o n th s av er ag e.
N O T E S : T hi s sc he du le i s pr ov id ed i n li eu o f a sc he du le o f pr in ci pa l em pl oy ee s be ca us e it p ro vi de s m or e m ea ni ng fu l in fo rm at io n. O th er t ha n T he C it y of N ew Y or k, n o si ng le
em pl oy er e m pl oy s m or e th an 2 p er ce nt o f to ta l no na gr ic ul tu ra l em pl oy ee s.
D at a ar e no t se as on al ly a dj us te d.
S O U R C E : N ew Y or k S ta te D ep ar tm en t of L ab or , D iv is io n of R es ea rc h an d S ta ti st ic s.
376
2006-2015 Average Annual Recipients
Public Year Assistance SSI(a)_____ __________ ________
(in thousands)
2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 393 403,299 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 358 406,375 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 341 409,821 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 346 414,923 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 346 420,878 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 356 423,707 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 353 425,991 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 357 425,034 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 337 402,529 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 360 NA
(a) The SSI data is for December of each year.
NA: Not Available.
Sources: The City of New York, Human Resources Administration and the U.S. Social Security Administration.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Persons Receiving Public Assistance—Ten Year Trend
377
2005-2014
Civilian Labor Force Unemployment Rate ________________________________________ ___________________________ New York City New York City New York United Year Employed Unemployed(a) City States____ ____________ ___________ ________ ______ (in thousands)
2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,582 220 5.8% 5.1% 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,627 190 5.0 4.6 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,664 194 5.0 4.6 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,706 221 5.6 5.8 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,592 369 9.3 9.3 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,574 377 9.5 9.6 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,599 360 9.1 8.9 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,650 377 9.4 8.1 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,720 358 8.8 7.4 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,827 299 7.3 6.2
(a) Unemployed persons are all civilians who had no employment during the survey week, were available for work, except for temporary illness, and had made efforts to find employment some time during the prior four weeks. This includes persons who were waiting to be recalled to a job from which they were laid off or were waiting to report to a new job within 30 days.
Note: Employment and unemployment information is not seasonally adjusted.
Sources: U.S. Department of Labor, Bureau of Labor Statistics, and Office of the Comptroller, Fiscal and Budget Studies.
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Employment Status of the Resident Population—Ten Year Trend
519 Eighth Avenue 23rd Floor New York, NY 10018 Tel: 212.736.0770 Fax: 212.736.8519
Version #009NYC Comptroller Annual Financial Report 2013 CM #13-NYC Comptroller-0218 DB #453363
October 29, 2013
STATISTICAL SECTION
SCHEDULES OF OPERATING INFORMATION
R es p on si b il it y A re a:
G en er al G ov er nm en t . . . . . . . 1 3, 25 0 1 2, 70 2 1 2, 37 2 1 2, 22 5 1 2, 10 0 1 2, 57 3 1 2, 73 8 1 2, 59 5 1 2, 38 2 1 1, 95 2
P ub li c S af et y an d Ju di ci al :
P ol ic e:
C iv il ia n . . . . . . . . . . . . . . 1 4, 53 5 1 4, 51 2 1 4, 20 4 1 4, 23 8 1 4, 52 7 1 4, 64 6 1 5, 03 4 1 4, 89 7 4 5, 36 7 4 5, 10 4
U ni fo rm ed . . . . . . . . . . . 3 4, 61 8 3 4, 44 0 3 4, 80 2 3 4, 51 0 3 3, 77 7 3 4, 63 6 3 5, 64 1 3 5, 40 5
F ir e:
C iv il ia n . . . . . . . . . . . . . . 5, 43 8 5 ,1 52 5 ,2 42 5 ,0 55 5 ,0 19 4 ,8 10 4 ,6 90 4 ,7 14 1 6, 13 1 1 6, 07 3
U ni fo rm ed . . . . . . . . . . . 1 0, 77 7 1 0, 31 8 1 0, 18 0 1 0, 26 0 1 0, 64 6 1 1, 08 0 1 1, 45 9 1 1, 58 5
C or re ct io n:
C iv il ia n . . . . . . . . . . . . . . 1, 41 8 1 ,3 53 1 ,3 58 1 ,4 13 1 ,3 75 1 ,3 95 1 ,4 20 1 ,4 06 1 0, 58 3 1 0, 53 9
U ni fo rm ed . . . . . . . . . . . 8, 75 6 8 ,9 22 8 ,9 91 8 ,5 40 8 ,4 56 8 ,7 72 9 ,0 68 9 ,1 49
O th er . . . . . . . . . . . . . . . . . 5, 96 8 5 ,8 33 5 ,7 74 5 ,6 29 6 ,1 94 6 ,4 42 6 ,5 31 6 ,5 91 6 ,5 06 6 ,4 91
E du ca ti on :
P ed ag og ic al . . . . . . . . . . . . 11 2, 27 2 10 9, 90 1 10 8, 41 6 10 7, 62 5 10 8, 34 3 11 0, 38 9 11 2, 99 3 11 2, 85 2 12 0, 94 6 11 9, 66 6
N on -P ed ag og ic al . . . . . . . . 1 1, 69 3 1 1, 41 1 1 1, 20 2 1 1, 09 1 1 1, 06 7 1 0, 83 6 1 0, 73 3 1 0, 76 0
C it y U ni ve rs it y:
P ed ag og ic al . . . . . . . . . . . . 4 ,0 23 3 ,8 49 3 ,5 98 3 ,3 62 3 ,1 80 3 ,2 01 2 ,9 93 2 ,8 72 4 ,4 08 4 ,3 24
N on -P ed ag og ic al . . . . . . . . 1, 91 6 1 ,9 05 1 ,8 52 1 ,7 23 1 ,6 74 1 ,7 51 1 ,6 76 1 ,6 46
S oc ia l S er vi ce s . . . . . . . . . . . 2 1, 65 7 2 1, 47 2 2 1, 91 0 2 2, 17 4 2 1, 53 0 2 1, 92 3 2 3, 10 0 2 3, 47 2 2 3, 11 1 2 3, 41 7
E nv ir on m en ta l P ro te ct io n:
S an it at io n:
C iv il ia n . . . . . . . . . . . . . . 2, 00 5 1 ,8 90 1 ,8 80 1 ,8 54 1 ,9 39 1 ,9 84 2 ,0 19 2 ,0 35 9 ,7 87 9 ,6 98
U ni fo rm ed . . . . . . . . . . . 7, 38 1 7 ,1 85 7 ,1 21 6 ,9 91 6 ,9 54 7 ,2 27 7 ,6 12 7 ,6 90
O th er . . . . . . . . . . . . . . . . . 5, 55 8 5 ,5 47 5 ,5 67 5 ,5 64 5 ,6 53 5 ,7 49 5 ,7 85 5 ,8 95 5 ,8 44 5 ,6 75
T ra ns po rt at io n S er vi ce s . . . . . 4, 45 2 4 ,4 08 4 ,3 79 4 ,4 05 4 ,4 88 4 ,5 63 4 ,4 23 4 ,3 48 4 ,2 96 4 ,1 87
P ar ks , R ec re at io n an d C ul tu ra l
A ct iv it ie s . . . . . . . . . . . . . . 3, 90 8 3 ,6 86 3 ,4 93 3 ,1 38 3 ,3 99 3 ,6 26 3 ,8 07 3 ,7 50 3 ,5 91 1 ,9 31
H ou si ng . . . . . . . . . . . . . . . . . 3, 19 9 3 ,0 01 3 ,0 38 3 ,1 56 3 ,2 96 3 ,5 11 3 ,6 78 3 ,7 85 3 ,7 05 3 ,6 16
H ea lt h . . . . . . . . . . . . . . . . . . 4 ,3 49 4 ,2 80 4 ,3 95 4 ,4 70 4 ,6 91 4 ,9 47 5 ,2 14 5 ,2 02 4 ,1 82 3 ,9 51
_ __ __ __ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _
T ot al . . . . . . . . . . . . . . . . . . 27 7, 17 3 27 1, 76 7 26 9, 77 4 26 7, 42 3 26 8, 30 8 27 4, 06 1 28 0, 61 4 28 0, 64 9 27 0, 83 9 26 6, 62 4
_ __ __ __ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _
_ __ __ __ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _
P er ce nt ag e In cr ea se ( D ec re as e)
F ro m P ri or Y ea r . . . . . . . . . . . 2 .0 % 0 .7 % 0 .9 % ( 0. 3% ) ( 2. 1% ) ( 2. 3% ) 0. 0%
3 .6 % 1 .6 % 0 .7 %
S o u rc es : F in an ci al M an ag em en t S ys te m s (F M S ), M ay or ’s O ff ic e of M an ag em en t an d B ud ge t, a nd M ay or ’s O ff ic e of O pe ra ti on s.
380
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
N u m b er o f F u ll T im e C it y E m p lo ye es — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
_ __ __ __ _ __ __ __ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _ __ __ __ _
381
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
O p er at in g In d ic at or s b y F u n ct io n /P ro gr am — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
G E N E R A L G O V E R N M E N T :
L aw D ep ar tm en t
C as es c om m en ce d ci ty w id e( 1) 9 ,9 22 9 ,0 45 9 ,5 28 9 ,6 95 9 ,0 30 8 ,9 41 6 ,3 37 6 ,1 90 6 ,2 60 6 ,8 11
P U B L IC S A F E T Y A N D JU
D IC IA L :
P ol ic e D ep ar tm en t (P D )
F el on y cr im e . . . . . . . . . . . . . 10 3, 87 2 11 0, 02 3 11 0, 09 9 10 9, 29 9 10 5, 49 6 10 5, 70 2 11 0, 82 8 11 9, 05 2 12 3, 13 6 13 0, 09 3
F el on y cr im e pe r 10 0, 00 0
po pu la ti on . . . . . . . . . . . . . 1 ,2 23 1 ,3 09 1 ,3 21 1 ,3 02 1 ,2 57 1 ,2 60 1 ,3 21 1 ,4 26 1 ,4 82 1 ,5 77
T ra ff ic f at al it ie s . . . . . . . . . . 2 49 2 84 2 61 2 91 2 36 2 59 2 76 3 00 3 10 3 07
T ot al m ov in g vi ol at io ns
su m m on se s (t ho us an ds ) . . . 1 ,0 05 1 ,0 52 9 99 1 ,0 15 1 ,1 89 1 ,2 62 1 ,2 26 1 ,2 27 1 ,2 50 1 ,2 78
F ir e D ep ar tm en t (F D )
In ci de nt s re sp on de d to b y
fi re u ni ts ( th ou sa nd s) . . . . . 54 9 5 04 4 93 4 88 4 93 4 89 4 73 4 77 4 98 4 85
M ed ic al i nc id en ts ( th ou sa nd s) 2 50 2 23 2 19 2 19 2 16 2 13 2 10 2 10 2 10 2 05
91 1 C on ta ct s to E M S
(t ho us an ds ) . . . . . . . . . . . . 1 ,4 33 1 ,3 61 1 ,3 51 1 ,3 17 1 ,4 04 1 ,3 56 1 ,3 45 1 ,3 39 1 ,3 06 1 ,2 65
In ci de nt s re sp on de d to b y
am bu la nc es ( th ou sa nd s) . . . 1 ,3 96 1 ,3 23 1 ,3 11 1 ,2 79 1 ,2 63 1 ,2 37 1 ,2 25 1 ,2 06 1 ,1 79 1 ,1 52
T ot al a ve ra ge t ou rs o f du ty
pe r da y . . . . . . . . . . . . . . . 1 ,0 57 1 ,0 25 9 93 9 89 9 56 9 45 9 33 9 26 9 20 9 31
D ep ar tm en t of C or re ct io n
(D O C )
A ve ra ge d ai ly j ai l po pu la ti on . 1 0, 24 0 1 1, 40 8 1 1, 82 7 1 2, 28 7 1 2, 79 0 1 3, 04 9 1 3, 36 2 1 3, 85 0 1 3, 98 7 1 3, 49 7
R at io o f in m at es t o un if or m ed
st af f . . . . . . . . . . . . . . . . . . 1. 17 1. 28 1. 32 1. 44 1. 51 1. 49 1. 47 1. 51 1. 52 1. 47
E D U C A T IO N :
D ep ar tm en t of E d u ca ti on
(D O E )
S tu de nt e nr ol lm en t:
P re -K ( H al f D ay a nd
F ul l D ay ) . . . . . . . . . . . . 6 6, 20 9 5 5, 73 4 N /A N /A N /A N /A N /A N /A N /A N /A
E le m en ta ry a nd in te rm ed ia te 65 7, 18 1 66 0, 39 8 71 5, 45 9 71 7, 28 6 71 5, 27 9 70 8, 74 7 70 0, 35 3 68 7, 51 3 66 4, 40 1 67 8, 14 4
H ig h sc ho ol . . . . . . . . . . . . 31 4, 67 6 31 6, 44 2 32 0, 68 9 32 4, 26 3 32 8, 69 0 33 0, 07 5 32 9, 18 7 33 4, 74 6 28 3, 64 3 28 7, 80 0
S pe ci al e du ca ti on . . . . . . . 27 0, 72 2 25 0, 50 0 22 5, 30 0 22 1, 70 0 22 0, 28 9 21 3, 83 1 20 6, 76 0 19 5, 20 2 18 2, 73 0 18 0, 89 0
(C o n ti
n u ed
)
382
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
O p er at in g In d ic at or s b y F u n ct io n /P ro gr am — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
(C o n ti
n u ed
)
C it y U n iv er si ty o f N ew Y or k
(C U N Y )
S tu de nt E nr ol lm en t:
F ul l- ti m e . . . . . . . . . . . . . . 5 9, 43 2 5 7, 93 7 5 6, 76 2 5 7, 74 7 5 5, 29 3 5 2, 70 0 4 6, 26 9 4 2, 76 7 4 0, 76 4 4 0, 39 2
P ar t- ti m e . . . . . . . . . . . . . . 4 0, 52 6 3 9, 81 4 3 9, 73 8 3 9, 96 5 3 5, 97 1 3 6, 07 0 3 5, 26 9 3 4, 09 7 3 3, 12 9 3 2, 92 3
D eg re es G ra nt ed . . . . . . . . . . 1 3, 72 1 1 1, 54 1 1 1, 87 1 1 1, 50 0 1 1, 34 0 9 ,2 86 8 ,5 47 7 ,9 97 7 ,9 33 7 ,6 47
S O C IA L S E R V IC E S :
H u m an R es ou rc es A d m in is tr at io n
(H R A )
P er so ns r ec ei vi ng
f oo d st am ps ( th ou sa nd s) . . 1, 70 6. 7 1 ,7 55 .8 1 ,8 73 .5 1 ,8 34 .2 1 ,8 30 .9 1 ,7 31 .9 1 ,5 02 .4 1 ,2 41 .6 1 ,0 95 .0 1 ,0 95 .2
C as h as si st an ce ( C A )
re ci pi en ts . . . . . . . . . . . . 4 02 .1 3 85 .8 4 08 .6 4 00 .4 4 08 .9 4 02 .5 3 99 .0 4 02 .3 3 93 .3 4 31 .9
N on -C A r ec ip ie nt s . . . . . . 1 ,0 39 .0 1 ,0 98 .7 1 ,1 89 .0 1 ,1 59 .4 1 ,1 59 .1 1 ,0 71 .0 8 60 .1 6 07 .4 5 21 .5 4 74 .2
S S I re ci pi en ts . . . . . . . . . . 2 65 .6 2 71 .3 2 75 .9 2 74 .4 2 62 .9 2 58 .4 2 43 .3 2 31 .9 1 80 .2 1 89 .1
O ff ic e O f C hi ld S up po rt
E nf or ce m en t
N ew s up po rt o rd er s ob ta in ed . 2 0, 35 1 2 0, 28 6 1 7, 98 1 1 4, 98 8 1 4, 23 6 1 3, 29 5 9 ,3 11 9 ,2 11 1 0, 32 9 1 1, 27 5
T ot al c as es w it h ac ti ve o rd er s 28 3, 11 4 28 5, 17 3 28 7, 42 6 28 7, 83 2 28 1, 79 6 28 0, 89 0 31 0, 28 1 30 2, 54 4 29 7, 82 6 30 1, 48 1
A d m in is tr at io n f or C h il d re n ’s
S er vi ce s (A C S )
R ep or ts o f ab us e or n eg le ct :
R ep or ts . . . . . . . . . . . . . . . . 6 1, 29 0 6 1, 85 6 5 9, 68 1 6 3, 25 3 6 5, 73 1 6 5, 11 4 6 4, 74 8 6 4, 57 2 6 4, 19 6 6 1, 35 5
C hi ld re n . . . . . . . . . . . . . . 8 8, 93 2 8 9, 49 8 8 0, 27 2 8 6, 51 7 9 0, 26 2 8 9, 70 8 8 9, 61 9 8 9, 81 8 9 1, 77 1 8 9, 57 7
C hi ld re n in f os te r ca re
(a ve ra ge ) . . . . . . . . . . . . . . 1 1, 09 8 1 1, 76 0 1 3, 11 2 1 4, 01 3 1 4, 84 3 1 5, 89 5 1 6, 43 9 1 6, 70 1 1 6, 85 4 1 6, 65 9
C hi ld re n ad op te d . . . . . . . . . . 1 ,0 04 1 ,1 01 1 ,3 10 1 ,2 95 1 ,1 86 1 ,1 56 1 ,3 44 1 ,4 72 1 ,5 62 1 ,8 31
A ve ra ge e nr ol lm en t in
E ar ly L ea rn c on tr ac te d
pr og ra m s . . . . . . . . . . . . . . 3 0, 07 9 3 0, 42 2 3 0, 09 6 N /A N /A N /A N /A N /A N /A N /A
D ep ar tm en t of H om el es s
S er vi ce s (D H S )
H om el es s po pu la ti on
(2 ) . . . . . 5 6, 23 6 5 3, 63 8 4 8, 79 9 4 2, 04 0 3 6, 55 3 3 5, 53 7 3 4, 65 3 3 2, 03 4 3 0, 28 9 N /A
F am il ie s en te ri ng t he D H S
sh el te r se rv ic es s ys te m
fo r th e fi rs t ti m e( 3) . . . . . . . . 6, 16 8 5 ,7 32 5 ,0 59 5 ,2 44 7 ,7 71 9 ,0 69 7 ,5 24 6 ,0 02 7 ,1 52 7 ,0 64
383
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
O p er at in g In d ic at or s b y F u n ct io n /P ro gr am — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
D ep ar tm en t of H om el es s
S er vi ce s (D H S ) (c on t. )
A ve ra ge n um be r of f am il ie s
in s he lt er s pe r da y . . . . . . . 1 3, 92 9 1 2, 51 5 1 1, 56 3 9 ,8 95 9 ,4 80 9 ,9 38 9 ,2 24 8 ,8 78 8 ,7 94 7 ,7 40
A ve ra ge n um be r of s in gl e
ad ul ts i n sh el te rs p er d ay . . 1 1, 33 0 1 0, 11 6 9 ,5 36 8 ,6 22 8 ,3 87 7 ,1 67 6 ,5 26 6 ,7 37 7 ,2 53 7 ,9 28
E N V IR O N M E N T A L P R O T E C T IO N :
D ep ar tm en t of E nv ir on m en ta l
P ro te ct io n ( D E P )
W at er m ai n br ea ks . . . . . . . . . 5 62 5 13 4 03 3 70 4 81 4 21 5 13 4 29 5 81 4 50
W at er s up pl y co m pl ai nt s . . . . 4 1, 61 7 3 5, 96 0 3 7, 29 8 4 2, 07 6 5 5, 96 4 6 0, 18 1 6 0, 51 8 6 1, 78 0 7 5, 70 7 6 9, 49 8
E nv ir on m en ta l co m pl ai nt s( 4) . 6 4, 31 2 5 4, 89 4 4 5, 24 4 4 4, 75 5 4 1, 34 3 4 2, 65 7 5 2, 45 4 6 4, 19 6 5 9, 49 6 5 9, 75 9
D ep ar tm en t of S an it at io n ( D O S )
C om pl ai nt s re ce iv ed . . . . . . . 2 6, 03 2 2 3, 33 3 1 9, 43 9 2 3, 48 2 2 3, 25 0 2 5, 91 1 2 5, 59 0 3 0, 90 2 3 6, 69 4 3 9, 83 8
T on s of r ef us e co ll ec te d
(t ho us an ds ) . . . . . . . . . . . . . 2, 94 4 2 ,9 68 3 ,0 38 3 ,0 35 3 ,0 32 3 ,1 15 3 ,0 39 3 ,1 51 3 ,1 89 3 ,2 59
T on s re cy cl ed p er d ay
(5 ) . . . . . N /A 2 ,0 88 2 ,0 58 2 ,0 65 3 ,9 44 3 ,7 79 5 ,3 94 6 ,1 60 5 ,4 38 5 ,4 19
T ot al n um be r of v io la ti on
no ti ce s is su ed b y
E nv ir on m en ta l C on tr ol
B oa rd . . . . . . . . . . . . . . . . . 4 02 ,2 51 35 8, 06 4 25 9, 90 9 33 4, 43 5 34 9, 71 4 46 1, 73 3 47 0, 42 5 45 9, 44 0 53 0, 82 2 51 9, 53 3
T R A N S P O R T A T IO N S E R V IC E S :
D ep ar tm en t of T ra n sp or ta ti on
(D O T )
N um be r of r ed l ig ht c am er as . 1 90 1 90 1 60 1 90 1 00 1 00 1 00 1 00 1 00 50
P ot ho le s re pa ir ed . . . . . . . . . . 46 0, 49 3 44 9, 52 8 24 1, 57 2 20 0, 66 6 30 5, 00 1 29 5, 29 7 22 4, 64 8 21 0, 03 2 20 5, 22 7 17 9, 72 8
P ot ho le w or k or de rs (6 ) . . . . . . 6 0, 80 9 5 4, 66 7 8 7, 70 6 6 1, 24 9 5 6, 39 9 5 9, 25 4 4 9, 90 6 4 8, 43 3 4 7, 93 4 4 5, 22 8
P A R K S , R
E C R E A T IO N A N D
C U L T U R A L A C T IV IT IE S :
D ep ar tm en t of P ar k s an d
R ec re at io n ( D P R )
C om fo rt s ta ti on s . . . . . . . . . . 6 67 6 80 6 79 6 39 6 39 6 39 6 39 6 39 6 38 6 38
T en ni s co ur ts . . . . . . . . . . . . . 6 95 6 95 6 95 5 65 5 65 5 65 5 65 5 65 5 65 5 65
P er m it s so ld . . . . . . . . . . . . . . 1 5, 89 1 1 6, 09 9 1 5, 18 6 1 4, 87 9 1 5, 75 7 2 0, 79 8 2 1, 19 5 2 1, 24 3 2 1, 99 4 2 1, 55 0
A tt en da nc e at ic e sk at in g ri nk s 54 8, 67 7 59 5, 88 7 53 0, 29 9 52 8, 51 1 52 7, 31 3 60 3, 52 9 57 6, 65 6 70 2, 16 4 65 8, 28 5 66 2, 64 8
B al l fi el ds . . . . . . . . . . . . . . . 7 82 7 90 7 26 6 14 6 14 6 14 6 14 6 14 6 08 6 08
S w im m in g po ol s . . . . . . . . . . 67 67 67 67 66 66 66 66 64 63
P oo ls a tt en da nc e (C Y ) . . . . . . 1, 79 0, 62 8 1, 43 4, 01 1 1, 45 0, 14 5 1, 72 5, 25 7 1, 72 8, 31 8 1, 72 7, 43 6 1, 82 6, 32 6 1, 49 5, 62 8 1, 29 4, 78 9 1, 42 1, 80 4
(C o n ti
n u ed
)
384
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
O p er at in g In d ic at or s b y F u n ct io n /P ro gr am — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
(C o n ti
n u ed
)
D ep ar tm en t of P ar k s an d
R ec re at io n ( D P R ) (c on t. )
R ec re at io n ce nt er s to ta l
at te nd an ce . . . . . . . . . . . . . 3 ,4 22 ,6 83 3, 39 8, 43 2 3, 01 6, 41 2 3, 09 8, 02 3 3, 16 3, 02 8 3, 27 1, 19 8 3, 19 3, 64 6 2, 77 9, 44 7 2, 62 3, 60 5 2, 93 3, 93 7
H O U S IN G :
D ep ar tm en t of H ou si n g
P re se rv at io n a n d
D ev el op m en t (H P D )
T ot al h ou si ng s ta rt s un de r
H ou si ng N ew Y or k (u ni ts )( 7) 2 0, 32 6 8 ,9 90 1 5, 38 2 1 6, 50 1 1 5, 73 5 1 4, 76 7 1 2, 50 0 1 7, 00 8 1 8, 46 5 1 7, 39 3
T ot al h ou si ng c om pl et io ns
(N ew H ou si ng M ar ke tp la ce
P la n an d H ou si ng N ew Y or k
(u ni ts )( 8) . . . . . . . . . . . . . . . 8 ,9 84 9 ,3 70 9 ,3 37 1 2, 28 8 1 4, 10 6 1 6, 87 4 1 2, 91 4 1 2, 54 3 1 5, 55 0 1 3, 19 0
B ui ld in gs s ol d . . . . . . . . . . . . 23 24 19 14 13 9 18 66 1 05 1 71
O cc up ie d bu il di ng s . . . . . . . . 6 3 2 16 2 19 2 92 2 80 4 25 4 50 4 15 4 49 5 48
B ui ld in gs u nd er m an ag em en t 1 30 1 59 1 77 1 73 1 89 1 87 1 90 1 90 2 25 3 30
In sp ec ti on s co m pl et ed . . . . . . 66 4, 96 0 67 5, 76 0 66 1, 20 6 69 7, 73 6 67 8, 03 8 68 9, 87 2 70 7, 51 6 62 1, 50 3 60 6, 09 5 59 9, 68 1
V io la ti on s is su ed . . . . . . . . . 40 8, 87 4 39 2, 45 6 38 6, 80 4 46 8, 64 4 46 2, 72 1 49 5, 72 6 53 2, 49 7 48 3, 57 8 52 1, 54 7 58 2, 03 8
H E A L T H :
D ep ar tm en t of H ea lt h a n d
M en ta l H yg ie n e (D O H )
N ew H IV d ia gn os es ( ca le nd ar
ye ar ) pr el im in ar y( 9) . . . . . . . 2 ,8 13 2 ,9 13 3 ,1 75 2 ,1 29 2 ,4 83 2 ,9 69 3 ,1 24 3 ,3 88 3 ,6 95 N \A
T ub er cu lo si s ne w c as es —
ca le nd ar y ea r. . . . . . . . . . . . 58 5 6 56 6 51 6 89 7 11 7 60 8 95 9 14 9 53 9 84
T ub er cu lo si s cl in ic v is it s . . . . 3 5, 36 2 4 0, 53 3 4 6, 78 3 5 6, 34 0 6 4, 74 3 7 3, 05 7 10 7, 02 6 12 1, 88 9 12 2, 19 5 12 3, 30 0
S ex ua l t ra ns m itt ed d is ea se ( S T D )
re po rt ab le c as es c it iw id e . . 8 0, 88 1 7 5, 30 1 7 6, 12 3 8 0, 88 5 7 9, 97 4 7 6, 24 5 7 1, 93 6 6 8, 85 9 6 6, 17 1 5 8, 39 2
Im m un iz at io ns g iv en a t
im m un iz at io n w al k- in c li ni cs 6 2, 26 3 10 4, 28 2 11 4, 85 8 12 4, 94 4 13 1, 86 9 14 2, 44 0 11 3, 70 6 9 0, 44 8 7 9, 97 7 8 4, 73 2
L IB R A R IE S :
P u b li c L ib ra ri es
A tt en da nc e (t ho us an ds ) . . . . . 3 4, 00 0 3 7, 22 4 3 9, 59 1 4 2, 91 6 4 2, 84 5 4 4, 03 5 4 5, 71 3 4 4, 04 1 4 0, 88 0 3 8, 36 7
C ir cu la ti on ( th ou sa nd s) . . . . . 5 2, 08 8 5 6, 21 2 6 0, 88 0 6 6, 48 9 6 8, 79 7 6 6, 62 3 6 2, 45 0 5 9, 23 5 5 4, 08 8 5 2, 05 8
C om pu te rs f or p ub li c us e
(t ho us an ds ) . . . . . . . . . . . . 7 ,9 29 7 ,5 20 7 ,3 08 6 ,8 43 6 ,3 63 5 ,9 80 5 ,7 83 5 ,1 12 4 ,8 11 4 ,3 16
(1 ) B eg in n in g i n 2 0 1 0 t h e d at a re p o rt ed c h an g ed f ro m T
o rt
C a
se s
C o
m m
en ce
d to C
a se
s co
m m
en ce
d c
it yw
id e.
(2 ) B as ed o n t h e av er ag e d ai ly c en su s fo r Ju n e ta ke n b y D H S
(3 ) D H S c o nv er te d t o a n ew d at a sy st em C A R E S , i n f is ca l 2 0 1 2 r es u lt in g i n a v ar ia n ce o f en tr an t d at a fo r D ec em b er 2 0 1 1 a n d J an u ar y 2 0 1 2 w h ic h a ff ec ts f is ca l 2 0 1 2 t o ta ls .
(4 ) In cl u d es n o is e co m p la in ts .
(5 ) A cc o rd in g t o M M R t o n s re cy cl ed p er d ay w il l b e av ai la b le i n F Y ’1 5 r ep o rt .
(6 ) P o th o le o rd er s m ay i n cl u d e m u lt ip le p o th o le s.
(7 ) T h e N ew H o u si n g M ar ke tp la ce P la n w as d is co n ti n u ed d u ri n g f is ca l y ea r 2 0 1 4 a n d r ep la ce d w it h H o u si n g N ew Y o rk P la n
(8 ) T h e H o u si n g N ew Y o rk P la n c o m m en ce d d u ri n g f is ca l y ea r 2 0 1 4 . P ri o r to f is ca l y ea r 2 0 1 4 t h e st at is ti cs o n ly i n d ic at ed T h e N ew H o u si n g M ar ke tp la ce P la n t h at w as
d is co n ti n u ed d u ri n g f is ca l y ea r 2 0 1 4
(9 ) B eg in n in g f is ca l y ea r 2 0 1 3 D O H M H d is co n ti n u ed r ep o rt in g A
id s
N ew
A d
u lt
c a
se s
D ia
g n
o se
d (
C Y
) an d r ep la ce d i t w it h a n ew m o re u se fu l in d ic at o r
N ew
H IV
d ia
g n
o se
s (C
Y )
p re
li m
in a
ry N /A : N o t A p p li ca b le .
S o u rc e: U n le ss o th er w is e in d ic at ed , al l d at a is f ro m t h e M ay o r’ s M an ag em en t R ep o rt ( M M R ) an d f ro m v ar io u s C it y a g en ci es .
385
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
O p er at in g In d ic at or s b y F u n ct io n /P ro gr am — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ ___ ___ _ _ ___ ___ ___ ___ ___ ___ ___ ___ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ ___ ___ __
G en er al G ov er n m en t:
T er m in al s/ M ar ke ts . . . . . . . . . 57 57 57 63 72 72 72 80 80 83
P ie rs /B ul kh ea ds . . . . . . . . . . . 18 9 1 90 1 97 1 95 1 99 2 02 2 04 1 91 1 65 1 23
P ub li c O ff ic e B ui ld in gs . . . . . 3 3 32 32 28 27 27 26 23 22 23
P u b li c S af et y an d J u d ic ia l:
P ol ic e P re ci nc ts . . . . . . . . . . . 7 7 77 78 77 77 77 77 77 77 77
P ol ic e B ui ld in gs N on -P re ci nc t 3 9 39 39 38 37 37 37 34 40 41
C ou rt B ui ld in gs . . . . . . . . . . . 2 3 23 23 23 23 22 22 21 21 22
F ir e H ou se s . . . . . . . . . . . . . . 25 5 2 54 2 53 2 52 2 51 2 51 2 50 2 52 2 43 2 49
F ir e V eh ic le s . . . . . . . . . . . . . 2 ,4 00 2 ,2 64 2 ,1 85 2 ,2 18 2 ,1 47 2 ,1 21 2 ,1 66 2 ,1 66 2 ,1 26 2 ,1 47
C or re ct io na l/ D et en ti on
C en te rs . . . . . . . . . . . . . . . . 14 14 14 14 14 14 14 14 14 14
E d u ca ti on :
P ri m ar y S ch oo ls (1 ) . . . . . . . . . 9 55 9 55 9 49 9 62 9 44 9 36 7 17 7 15 7 15 7 29
In te rm ed ia te /J un io r
H ig h S ch oo ls (1 ) . . . . . . . . . . 20 7 2 06 2 04 2 05 2 05 2 03 1 82 1 81 1 81 1 81
H ig h S ch oo ls (1 ) . . . . . . . . . . . 22 3 2 23 2 21 2 23 2 28 2 18 1 48 1 44 1 44 1 41
L ea se d S pa ce s— sq f t (0 00 )—
D ep t of E du ca ti on . . . . . . . 2 ,1 98 2 ,6 99 2 ,5 50 2 ,4 88 2 ,4 88 2 ,0 01 1 ,7 21 1 ,7 35 1 ,7 11 1 ,4 74
C om m un it y C ol le ge s . . . . . . . 7 7 7 7 6 6 6 6 6 6
E nv ir on m en ta l P ro te ct io n :
T ra ns fe r S ta ti on s( 2) . . . . . . . . . 60 59 61 61 61 62 63 63 64 75
V eh ic le M ai nt en an ce /S to ra ge
F ac il it ie s . . . . . . . . . . . . . . . 64 64 64 64 64 63 62 62 61 60
P ie rs /B ul kh ea ds
(2 ) . . . . . . . . . 32 32 33 33 33 33 33 32 32 17
C ol le ct io n T ru ck s . . . . . . . . . 2 ,2 39 2 ,1 54 2 ,0 84 2 ,0 55 2 ,0 25 2 ,0 22 2 ,0 87 2 ,0 90 2 ,0 90 2 ,0 65
O th er V eh ic le s . . . . . . . . . . . . 2 ,1 82 2 ,0 82 2 ,0 59 2 ,0 64 2 ,0 48 2 ,0 57 2 ,0 76 2 ,0 48 2 ,0 43 2 ,0 57
T ra n sp or ta ti on :
W at er w ay B ri dg es . . . . . . . . . 1 03 1 03 1 02 1 02 1 02 1 01 1 01 1 01 1 01 1 00
H ig hw ay B ri dg es . . . . . . . . . . 6 81 6 81 6 81 6 80 6 80 6 80 6 81 6 82 6 80 6 84
P ie rs /B ul kh ea ds . . . . . . . . . . . 2 4 24 23 23 23 22 22 16 13 13
S ig na li ze d In te rs ec ti on s . . . . . 1 2, 85 3 1 2, 77 8 1 2, 69 7 1 2, 59 7 1 2, 45 4 1 2, 36 2 1 2, 27 4 1 2, 16 2 1 2, 06 2 1 1, 94 6
S tr ee t L ig ht s . . . . . . . . . . . . . 34 8, 02 7 34 3, 91 1 34 3, 00 7 34 2, 28 7 34 1, 56 7 34 1, 29 8 34 0, 91 5 34 0, 49 4 34 0, 21 9 34 0, 00 0
L an e M il es R es ur fa ce d . . . . . 1, 02 0 1 ,0 06 8 11 1 ,0 07 1 ,0 03 8 28 1 ,0 07 9 64 9 25 9 19
386
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C ap it al A ss et s S ta ti st ic s b y F u n ct io n /P ro gr am — T en Y ea r T re n d
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
___ ___ ___ ___ ___ ___ _ __ ___ ___ ___ ___ ___ __ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ ___
(C o n ti
n u ed
)
P ar k s, R ec re at io n A n d
C u lt u ra l A ct iv it ie s:
M us eu m /C ul tu ra l F ac il it ie s . . 31 2 3 08 3 07 3 04 2 99 2 98 2 95 2 87 2 85 2 82
P ar ks . . . . . . . . . . . . . . . . . . 1 ,9 70 1 ,9 58 1 ,9 23 1 ,9 09 1 ,9 02 1 ,8 96 1 ,8 87 1 ,8 76 1 ,9 70 1 ,9 51
A cr ea ge . . . . . . . . . . . . . . . . . 2 9, 91 5 2 9, 84 5 2 9, 28 4 2 9, 18 1 2 9, 17 0 2 9, 04 3 2 9, 04 2 2 8, 98 2 2 8, 87 5 2 8, 86 0
(1 ) F Y 2 0 1 0 i n cl u d es v ar io u s o th er f ac il it ie s w it h a ct iv e en ro ll m en t re la ti n g t o p ri m ar y, i n te rm ed ia te a n d h ig h s ch o o l. T h is i n cl u d es m in is ch o o ls , tr an sp o rt ab le s an d l ea se d
sp ac e. A ls o , m u lt ip le d is tr ic t sc h o o ls m ay b e o p er at ed i n a s in g le s ch o o l bu il d in g .
(2 ) T h e F Y 2 0 0 7 d ec re as e in t ra n sf er s ta ti o n s an d i n cr ea se i n p ie rs a n d b u lk h ea d s w er e d u e to r ec la ss if ic at io n s o f fa ci li ti es t h at y ea r.
S o u rc es : V ar io u s C it y A g en ci es .
387
C om p tr ol le r’ s R ep or t fo r F is ca l 20 15 P ar t II I—
S ta ti st ic al I n fo rm at io n
C ap it al A ss et s S ta ti st ic s b y F u n ct io n /P ro gr am — T en Y ea r T re n d ( C on t. )
F is ca l Y ea r
20 15 2 01 4 2 01 3 2 01 2 2 01 1 2 01 0 2 00 9 2 00 8 2 00 7 2 00 6
__ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ _ ___ ___ ___ ___ ___ __ __ ___ ___ ___ ___ ___
388
2015 Accumulated Replacement Depreciation/ Depreciation/ Net Book Replacement(1) Cost Cost Amortization Amortization Value Cost Depreciation ________________________ ________________________ ________________________ ________________________ ________________________ ________________________ (in thousands)
BUILDINGS: General Government . . . . . . . . . . . . . $ 6,280,120 $ 237,560 $ 2,379,871 $ 3,900,249 $ 11,172,150 $ 6,290,550 Public Safety and Judicial . . . . . . . . . 4,121,279 301,284 2,014,090 2,107,189 7,272,478 4,533,034 Education . . . . . . . . . . . . . . . . . . . . . . 36,999,710 1,219,500 14,935,980 22,063,730 74,717,173 44,384,416 City University . . . . . . . . . . . . . . . . . . 187,130 5,022 150,381 36,749 982,285 883,928 Social Services . . . . . . . . . . . . . . . . . . 1,089,545 59,751 536,132 553,413 1,319,589 683,018 Environmental Protection . . . . . . . . . . 1,778,345 26,085 719,778 1,058,567 2,797,908 1,469,248 Transportation Services . . . . . . . . . . . 894,119 16,022 356,865 537,254 2,714,525 1,923,073 Parks, Recreation and Cultural Activities . . . . . . . . . . . . . . . . . . . . . 2,725,726 67,833 1,175,520 1,550,206 5,662,324 3,389,290 Housing . . . . . . . . . . . . . . . . . . . . . . . 128,662 7,874 60,448 68,214 308,000 162,492 Health . . . . . . . . . . . . . . . . . . . . . . . . . 1,271,719 37,300 399,789 871,930 775,635 439,265 Libraries . . . . . . . . . . . . . . . . . . . . . . . 566,338 10,602 232,834 333,504 1,512,333 989,973 _____________ ____________ _____________ _____________ _______________ _____________ Total buildings . . . . . . . . . . . . . . . 56,042,693 1,988,833 22,961,688 33,081,005 109,234,400 65,148,287 _____________ ____________ _____________ _____________ _______________ _____________ EQUIPMENT (including software): General Government . . . . . . . . . . . . . 2,248,104 252,855 1,266,852 981,252 2,423,821 1,532,505 Public Safety and Judicial . . . . . . . . . 1,719,569 112,373 1,021,332 698,237 2,202,531 1,496,496 Education . . . . . . . . . . . . . . . . . . . . . . 308,501 10,595 268,133 40,368 380,275 343,983 City University . . . . . . . . . . . . . . . . . . 46,036 291 41,209 4,827 84,689 81,115 Social Services . . . . . . . . . . . . . . . . . . 279,583 25,589 136,501 143,082 306,571 169,411 Environmental Protection . . . . . . . . . . 1,378,352 97,302 1,068,830 309,522 1,714,528 1,416,647 Transportation Services . . . . . . . . . . . 1,753,035 15,382 1,523,746 229,289 8,960,070 8,710,044 Parks, Recreation and Cultural Activities . . . . . . . . . . . . . . . . . . . . . 222,662 13,635 163,684 58,978 283,711 221,890 Housing . . . . . . . . . . . . . . . . . . . . . . . 14,682 964 9,903 4,779 17,362 12,960 Health . . . . . . . . . . . . . . . . . . . . . . . . . 175,182 13,272 72,323 102,859 199,689 100,757 Libraries . . . . . . . . . . . . . . . . . . . . . . . 65,337 5,999 36,757 28,580 73,903 47,319 _____________ ____________ _____________ _____________ _______________ _____________ Total equipment . . . . . . . . . . . . . . 8,211,043 548,257 5,609,270 2,601,773 16,647,150 14,133,127 _____________ ____________ _____________ _____________ _______________ _____________ INFRASTRUCTURE: General Government . . . . . . . . . . . . . 1,272,265 45,122 487,346 784,919 5,397 406 Public Safety and Judicial . . . . . . . . . 263,705 8,854 203,007 60,698 1,002 985 Education . . . . . . . . . . . . . . . . . . . . . . — — — — 36,737 32,462 Social Services . . . . . . . . . . . . . . . . . . — — — — 201 17 Environmental Protection . . . . . . . . . . 180,597 5,993 97,322 83,275 11,724 8,163 Transportation Services . . . . . . . . . . . 14,293,771 565,146 5,071,589 9,222,182 52,264 44,317 Parks, Recreation and Cultural Activities . . . . . . . . . . . . . . . . . . . . . 4,263,323 266,548 1,862,604 2,400,719 11,162 2,922 Housing . . . . . . . . . . . . . . . . . . . . . . . — — — — 506 461 Health . . . . . . . . . . . . . . . . . . . . . . . . . — — — — 124 111 _____________ ____________ _____________ _____________ _______________ _____________ Total infrastructure . . . . . . . . . . . 20,273,661 891,663 7,721,868 12,551,793 119,117 89,844 _____________ ____________ _____________ _____________ _______________ _____________ Total buildings, equipment (Including software) and infrastructure . . . . . . . . . . . . . . . . $84,527,397 $3,428,753 $36,292,826 $48,234,571 $126,000,667 $79,371,258 _____________ ____________ _____________ _____________ _______________ _____________ _____________ ____________ _____________ _____________ _______________ _____________
Note: Capital assets do not include certain City-owned assets that are leased to other entities (including the New York City Transit Authority, Health and Hospitals Corporation and the Water Board). Replacement cost and replacement cost depreciation are based upon replacement cost indices and do not represent actual replacement cost appraisals.
(1) Replacement Cost is estimated based on Consumer Price Index (CPI)
Comptroller’s Report for Fiscal 2015 Part III—Statistical Information
Capital Assets—Depreciation/Amortization and Replacement Cost Data
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391
SCOTT M. STRINGER, Comptroller
MICHELE MARK LEVINE, CPA, Deputy Comptroller / Chief Accountant
BUREAU OF ACCOUNTANCY
BUREAU CHIEF
Jacqueline Thompson, CFE, CIA
DIVISION CHIEFS Sonia Alsol Leonel Ferreira, CPA Carmen Chan Katrina Stauffer Man Hon Cheung Cherno Sowe, CPA Maria Nicola Castiglione Marina Verba, CPA
UNIT CHIEFS Sheila Allen Virginia Hunt-Walker Gertrude Capili Patricia Kearns Sabrina Chow Tonia Montgomery-Hendricks Elvis Clarke Veronika Musheyeva Jeanne Connor Jeanine Rivera Susan Cornwall, CPA Rivkah Schweke Melinda Fong Karen Taitt I Yan Fung
STAFF
Corey Adisano Amaid Ali Yvonne Anderson Diana Anemone Camille Arezzo Rosa Armaza Margaret Armstrong Natalya Bachayev Karen Bornstein-Mohr Kwai Chun Chan Minyu Chen Katherine Chu-Chin Lunick Derose Deborah Durant Christopher Dye Miriam Edwards Jay Finkelstein Jessie Flores Mikka Ford Sergio Galeano Mayvel Garcia Ninoshka Garrick Larisa Golostupets Saundra Henigan Thema Holder Stella Hong Sarah Huang
Cindy Huie Olga Ilayeva Shatema Jackson Yvonne Jeffers Blossom Johns Tuyet Kieu Robin Knox Lisa Landin-Petersen Berta Lara Josphine Li-Min Negron Yan Su Li (Jamie) Rachel Loo Adetutu Longe Vincenzo Lopes, CPA Alva Luo Connie Ma Marina Maksumova Yinet Martinez Yohannan Mathew Claire Mayers Stephen Messing Ali Mohammed Cynthia Murray Letizia Musetti-Perratore Daniel Nettey Maria Nunez
Luz Garcia-Patrick Reinaldo Perez Duke Phillips Vanessa Remy Kimberly Rex Mariza Sanchez Antonia Decena-Camagan Murrium Shahid Zachary Shifrinson David Silverstein, CPA Stan Singer Joan Stapleton Ivy Soto Nancy Tran-Mac Tammy Truong, CPA Sandy Tsang Gary Tumarkin Ivette Vargas Natasha Walker Shirleen Washington Clendenen Watkins Christopher Wong Jeffrey Wong Joanna Wong Jennifer Yang Karen Yang Jing Yi
- Table of Contents
- INTRODUCTORY SECTION—PART I
- Comptroller’s Letter of Transmittal
- Certificate of Achievement for Excellence in Financial Reporting
- The Government of The City of New York
- Principal Officials of The City of New York
- FINANCIAL SECTION—PART II
- Independent Auditors’ Report
- Management’s Discussion and Analysis
- BASIC FINANCIAL STATEMENTS—PART II-A
- Government-wide Financial Statements:
- Statement of Net Position—June 30, 2015
- Statement of Net Position—June 30, 2014
- Statement of Activities—for the year ended June 30, 2015
- Statement of Activities—for the year ended June 30, 2014
- Fund Financial Statements:
- Governmental Funds—Balance Sheet—June 30, 2015
- Governmental Funds—Balance Sheet—June 30, 2014
- Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position— June 30, 2015
- Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position— June 30, 2014
- Governmental Funds—Statement of Revenues, Expenditures, and Changes in Fund Balances— for the year ended June 30, 2015
- Governmental Funds—Statement of Revenues, Expenditures, and Changes in Fund Balances— for the year ended June 30, 2014
- Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities—for the year ended June 30, 2015
- Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities—for the year ended June 30, 2014
- General Fund—Statement of Revenues, Expenditures, and Changes in Fund Balance—Budget and Actual—for the year ended June 30, 2015
- General Fund—Statement of Revenues, Expenditures, and Changes in Fund Balance—Budget and Actual—for the year ended June 30, 2014
- Fiduciary Funds—Statement of Fiduciary Net Position—June 30, 2015
- Fiduciary Funds—Statement of Fiduciary Net Position—June 30, 2014
- Fiduciary Funds—Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2015
- Fiduciary Funds—Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2014
- Component Units—Statement of Net Position—June 30, 2015
- Component Units—Statement of Net Position—June 30, 2014
- Component Units—Statement of Activities—for the year ended June 30, 2015
- Component Units—Statement of Activities—for the year ended June 30, 2014
- Notes to Financial Statements:
- A. Summary of Significant Accounting Policies
- B. Reconciliation of Government-Wide and Fund Financial Statements
- C. Stewardship, Compliance, and Accountability
- D. Detailed Notes on All Funds
- E. Other Information
- REQUIRED SUPPLEMENTARY INFORMATION—PART II-B
- A. Schedule of Changes in the City’s Net Pension Liability and Related Ratios for Single-Employer Pension Plans at June 30
- B. Schedule of the City’s Proportionate Share of the Net Pension Liabilities of Cost-Sharing Multiple-Employer Pension Plans at June 30
- C. Schedule of City Contributions for All Pension Plans for the Fiscal Years ended June 30
- D. Schedule of Funding Progress for the New York City Other Postemployment Benefits Plan
- SUPPLEMENTARY INFORMATION COMBINING FINANCIAL INFORMATION—GOVERNMENTAL FUNDS—PART II-C
- Nonmajor Governmental Funds—Combining Balance Sheet—June 30, 2015
- Nonmajor Governmental Funds—Combining Balance Sheet—June 30, 2014
- Nonmajor Governmental Funds—Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—for the year ended June 30, 2015
- Nonmajor Governmental Funds—Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—for the year ended June 30, 2014
- Schedule NGF1—Nonmajor Capital Projects Funds—Combining Balance Sheet Schedule—June 30, 2015
- Schedule NGF2—Nonmajor Capital Projects Funds—Combining Balance Sheet Schedule—June 30, 2014
- Schedule NGF3—Nonmajor Capital Projects Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015
- Schedule NGF4—Nonmajor Capital Projects Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014
- Schedule NGF5—Nonmajor Debt Service Funds—Combining Balance Sheet Schedule—June 30, 2015
- Schedule NGF6—Nonmajor Debt Service Funds—Combining Balance Sheet Schedule—June 30, 2014
- Schedule NGF7—Nonmajor Debt Service Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015
- Schedule NGF8—Nonmajor Debt Service Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014
- Schedule NGF9—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2015
- Schedule NGF10—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2014
- Schedule NGF11—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015
- Schedule NGF12—Nonmajor Debt Service Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014
- Schedule NGF13—Nonmajor Special Revenue Funds—Combining Balance Sheet Schedule—June 30, 2015
- Schedule NGF14—Nonmajor Special Revenue Funds—Combining Balance Sheet Schedule—June 30, 2014
- Schedule NGF15—Nonmajor Special Revenue Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015
- Schedule NGF16—Nonmajor Special Revenue Funds—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014
- Schedule NGF17—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2015
- Schedule NGF18—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Balance Sheet Schedule—June 30, 2014
- Schedule NGF19—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2015
- Schedule NGF20—Nonmajor Special Revenue Funds—New York City Tax Lien Trusts—Combining Schedule of Revenues, Expenditures and Changes in Fund Balances—for the year ended June 30, 2014
- SUPPLEMENTARY INFORMATION COMBINING FINANCIAL INFORMATION—FIDUCIARY FUNDS—PART II-D
- Pension and Other Employee Benefit Trust Funds—Combining Statement of Fiduciary Net Position—June 30, 2015
- Pension and Other Employee Benefit Trust Funds—Combining Statement of Fiduciary Net Position—June 30, 2014
- Pension and Other Employee Benefit Trust Funds—Combining Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2015
- Pension and Other Employee Benefit Trust Funds—Combining Statement of Changes in Fiduciary Net Position—for the year ended June 30, 2014
- Schedule F1—Pension Trust Funds—Combining Schedule of Fiduciary Net Position—June 30, 2015
- Schedule F2—Pension Trust Funds—Combining Schedule of Fiduciary Net Position—June 30, 2014
- Schedule F3—Pension Trust Funds—Combining Schedule of Changes in Fiduciary Net Position— for the year ended June 30, 2015
- Schedule F4—Pension Trust Funds—Combining Schedule of Changes in Fiduciary Net Position— for the year ended June 30, 2014
- Schedule F5—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Fiduciary Net Position—June 30, 2015
- Schedule F6—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Fiduciary Net Position—June 30, 2014
- Schedule F7—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015
- Schedule F8—Pension Trust Funds—New York City Employees’ Retirement System— Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014
- Schedule F9—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2015
- Schedule F10—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2014
- Schedule F11—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015
- Schedule F12—Pension Trust Funds—Teachers’ Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014
- Schedule F13—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2015
- Schedule F14—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Fiduciary Net Position—June 30, 2014
- Schedule F15—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015
- Schedule F16—Pension Trust Funds—Board of Education Retirement System—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014
- Schedule F17—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2015
- Schedule F18—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2014
- Schedule F19—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015
- Schedule F20—Pension Trust Funds—New York City Police Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014
- Schedule F21—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2015
- Schedule F22—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Fiduciary Net Position—June 30, 2014
- Schedule F23—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2015
- Schedule F24—Pension Trust Funds—New York City Fire Pension Funds—Combining Schedule of Changes in Fiduciary Net Position—for the year ended June 30, 2014
- Schedule F25—Other Employee Benefit Trust Funds—Deferred Compensation Plans—Combining Schedule of Fiduciary Net Position—December 31, 2014
- Schedule F26—Other Employee Benefit Trust Funds—Deferred Compensation Plans—Combining Schedule of Fiduciary Net Position—December 31, 2013
- Schedule F27—Other Employee Benefit Trust Funds—Deferred Compensation Plans—Combining Schedule of Changes in Fiduciary Net Position—for the year ended December 31, 2014
- Schedule F28—Other Employee Benefit Trust Funds—Deferred Compensation Plans—Combining Schedule of Changes in Fiduciary Net Position—for the year ended December 31, 2013
- Schedule F29—Agency Funds—Schedule of Changes in Assets and Liabilities—for the year ended June 30, 2015
- Schedule F30—Agency Funds—Schedule of Changes in Assets and Liabilities—for the year ended June 30, 2014
- SUPPLEMENTARY INFORMATION COMBINING FINANCIAL INFORMATION—COMPONENT UNITS—PART II-E
- Nonmajor Component Units—Combining Statement of Net Position—June 30, 2015
- Nonmajor Component Units—Combining Statement of Net Position—June 30, 2014
- Nonmajor Component Units—Combining Statement of Activities—for the year ended June 30, 2015
- Nonmajor Component Units—Combining Statement of Activities—for the year ended June 30, 2014
- OTHER SUPPLEMENTARY INFORMATION—PART II-F
- General Fund:
- Schedule G1—Summary of Federal, State and Other Aid Receivables at June 30, 2015
- Schedule G2—Revenues vs. Budget by Category
- Schedule G3—Revenues vs. Budget by Agency
- Schedule G4—Expenditures and Transfers vs. Budget by Agency
- Schedule G5—Expenditures and Transfers vs. Budget by Unit of Appropriation Within Agency
- Schedule G6—Expenditures and Transfers by Object
- Capital Projects Fund:
- Schedule CP1—Aid Revenues by Agency
- Schedule CP2—Expenditures by Agency
- Schedule CP3—Expenditures and Commitments vs. Authorizations by Agency Through Fiscal Year 2015
- Schedule CP4—Expenditures by Purpose
- Capital Assets Used in the Operation of Governmental Funds:
- Schedule CA1—Capital Assets Used in the Operation of Governmental Funds by Source
- Schedule CA2—Capital Assets Used in the Operation of Governmental Funds by Function
- Schedule CA3—Schedule of Changes by Function
- STATISTICAL SECTION—PART III
- Schedules of Financial Trends Information:
- Net Position by Category—Ten Year Trend
- Changes in Net Position—Ten Year Trend
- Fund Balances—Governmental Funds—Ten Year Trend
- Changes in Fund Balances—Governmental Funds—Ten Year Trend
- General Fund Revenues and Other Financing Sources—Ten Year Trend
- General Fund Expenditures and Other Financing Uses—Ten Year Trend
- Capital Projects Fund Aid Revenues—Ten Year Trend
- Capital Projects Fund Expenditures—Ten Year Trend
- General Fund and Capital Projects Fund—Sources and Uses of Cash—Ten Year Trend
- Schedules of Revenue Capacity Information:
- Assessed Value and Estimated Actual Value of Taxable Property—Ten Year Trend
- Property Tax Rates—Ten Year Trend
- Property Tax Levies and Collections—Ten Year Trend
- Assessed Valuation and Tax Rate by Class—Ten Year Trend
- Collections, Cancellations, Abatements and Other Discounts as a Percent of Tax Levy—Ten Year Trend
- Largest Real Estate Taxpayers
- Personal Income Tax Revenues—Ten Year Trend
- Uncollected Parking Violation Fines—Ten Year Trend
- Schedules of Debt Capacity Information:
- Ratios of Outstanding Debt by Type—Ten Year Trend
- Ratios of City General Bonded Debt Payable—Ten Year Trend
- Legal Debt Margin Information—Ten Year Trend
- Pledged-Revenue Coverage
- Capital and Operating Leases
- Leased City-Owned Property
- Schedules of Demographic and Economic Information:
- Population—Ten Year Trend
- Personal Income—Ten Year Trend
- Nonagricultural Wage and Salary Employment—Ten Year Trend
- Persons Receiving Public Assistance—Ten Year Trend
- Employment Status of the Resident Population—Ten Year Trend
- Schedules of Operating Information:
- Number of Full Time City Employees—Ten Year Trend
- Operating Indicators by Function/Program—Ten Year Trend
- Capital Assets Statistics by Function/Program—Ten Year Trend
- Capital Assets—Depreciation/Amortization and Replacement Cost Data
- Acknowledgements
