The fiscal year 2006 preliminary budget appears to be on course toward balance assuming the risks it contains are expeditiously addressed. These risks total
$478 million after accounting for offsetting revenues. The single largest risk stems from budgetary relief the City assumes will be forthcoming from Federal and State actions.
An audit report overseeing whether the NYC Commission on Human Rights is following with certain payroll, personnel, timekeeping, purchasing, and inventory procedures given to them by the NYC Comptroller's Internal Control and Accountability Directives.
An audit report investigating whether the Civil Service Commission has been following the City procedures for payroll, timekeeping, purchasing, and inventory.
An audit report checking whether the Richmond County District Attorney's Office has been following the City procedures for payroll, personnel, timekeeping, purchasing, and inventory.
An audit report was filed on December 15, 2004 on the New York Yankees' rental credits for the fourth quarter of 2003 for the audit period October 1, 2003 to December 31, 2003. It was determined that the Yankees' rental credits submitted for the fourth quarter of 2003 were overstated by $74,236.36. It was recommended that the Yankees deduct this amount from the total rental credits taken for maintenance pertaining to the fourth quarter of 2003, and ensure that all maintenance credits claimed are properly documented. (FN05-053A)
An audit report was filed on December 15, 2004 on the New York Yankees' rental credits for the first quarter of 2004 for the audit period January 1, 2004 to March 31, 2004. It was determined that the Yankees' rental credits for the first quarter of 2004 were overstated by $27,866.53. It was recommended that the yankees deduct this amount from the total rental credits taken for maintenance pertaining to the first quarter of 2004, and ensure that all maintenance credits claimed are properly documented. (FN05-057A)