This Office of the Comptroller annual report focuses on Capital Debt and Obligations. New York City has a large and growing debt burden that is threatening to become unaffordable as the City's economy suffers the impacts of a severe global economic downturn. This report addresses New York City's debt position and efforts taken to sell its debt. Included are data and analyses of the City's debt and expenditures.
From an audit conducted on P&O Ports North America, Inc. (P&O), it was found that P&O made improper calculations and underpaid its fees to the Economic Development Corporation (EDC) and the City. However, P&O complied with the other major requirements of its agreement with the EDC, such as properly charging EDC the repair and security-service expenses. Recommendations have been made to address the negative findings.
The Mayor submitted a modification to the Fiscal Year 2009 Budget and Four-Year Financial Plan, which laid out a plan for the compensation for the declining revenues in Fiscal Year 2009. This document contains many graphs and tables depicting the City's economy and the Financial Plan estimates.
The City Record is the official journal of the City of New York. It is published each weekday except legal holidays and contains official legal notices produced by New York City agencies. Announcements published in The City Record include:
upcoming public hearings and meetings; procurement bid solicitations; selected court decisions; bid awards; public auctions and other property disposition actions; official rules proposed and adopted by City agencies.
Procurement bid solicitation notices afford vendors the opportunity to compete for New York City's $17 billion worth of contracts for various categories of goods and services for over 100 agencies and other governmental organizations.
The Environmental Control Board is an administrative tibunal that provides hearings on notices of violations, which are written legal noticies that charge the recipient with violating City laws. This audit determines whether the Notice of Violation data in the Environmental Control Board were accurate and reliable.