The Comptroller’s Office has reviewed overtime budget and spending for the New York City Sheriff’s Office.1 Based on our review, the Sheriff’s Office has exceeded its adopted and modified overtime budgets by significant and growing amounts in recent years. As detailed in the Table I and Chart I belo
A lack of focus and commitment from the Adams Administration to reform the City’s procurement processes has exacerbated both the registration and payment delays that create worsening challenges for the City’s many honest contracting partners; and the risks of corruption, fraud, and abuse.
A lack of focus and commitment from the Adams Administration to reform the City’s procurement processes has exacerbated both the registration and payment delays that create worsening challenges for the City’s many honest contracting partners; and the risks of corruption, fraud, and abuse.
At the close of FY 2024 (on June 28, 2024), the City recorded the end-of-year cash balance of $10.410 billion, compared to $12.387 billion a year prior. As expected, cash balances fell in the 2nd half of FY 2024 below the previous year’s record highs. Daily cash balances during FY24 averaged $10.93
The City’s cash balances usually dwindle in late November to early December, before the arrival of property tax payments which are due on January 1. But this November, the City’s cash balances remained historically high for this time of year, averaging $7.521 billion, compared to...