This report details business income tax collection reports, summarizing monthly collections by industry sector, form type, and document type and fiscal year collections by month, industry sector and month, and form type and month. It contains the data from February 2003, as well as the fiscal year collections for the three most recent tax years. The number of transactions and the gross revenue is displayed, along with the percent of change between the current and preceding fiscal years for fiscal year collections, and it is organized by month, industry sector, form type and document type.
Comments from the Comptroller on the mayor's budget for the Fiscal Year 2004, problems that may occur and are occurring in the City, and solutions on how to solve these problems.
This report details business income tax collection reports, summarizing monthly collections by industry sector, form type, and document type and fiscal year collections by month, industry sector and month, and form type and month. It contains the data from January 2003, as well as the fiscal year collections for the three most recent tax years. The number of transactions and the gross revenue is displayed, along with the percent of change between the current and preceding fiscal years for fiscal year collections, and it is organized by month, industry sector, form type and document type.
From this audit, it was found that the Seamen's Society for Children and Families complied with the provisions of day care home contracts set forth by the Administration for Children's Services. The society also successfully funded the day cares, but can work on problems, such as adequately overseeing its caretakers and registering students properly.
An audit report was filed on June 30, 2003 on the investigation of the New York City Fire Department in order to identify any pension fund retirees who may be illegally re-employed and to quantify the amounts of any impromper payments to these individuals. It was determined that there were five individuals who received $67,779 in pension payments during 2000 who were working past their applicable employment anniversary dates. It was recommended that these five individuals be investigated and if appropriate, aciton be taken against their crimes. (FL03-128A)
An audit report was filed on June 30, 2003 on the financial and operating practices of the Sergeants Benevolent Association Health and Welfare Fund for the fiscal year 2001. It was determined that the organization generally complied with the procedures and requirements set down by Directive 12, and its administrative expenses were reasonable. Some weaknesses were noted regarding lack of documentation and eligibility of members' dependents, and it was recommended they be rectified. (FL03-086A)
An audit report was filed on June 30, 2003 on the Financial and Operating Practices of the Local 444 S.E.I.U. Sanitation Officers' Association Security Benefits Fund. It was determined that the organization generally complied with the procedures and requirements set down by Directive 12, and its administrative expenses were reasonable. Some weaknesses were noted regarding lack of documentation and reporting, and it was recommended they be rectified. (FL03-151A)
The analysis was to provide comparative data on the overall
financial activities of the 85 union-administered active and retiree welfare, education, and annuity funds which
received City contributions during Fiscal Year 2001. Several funds expended lower-than-average amounts for benefits
and maintained high reserves. Several financial issues should be addressed such as operating deficits due to certain
funds exceeding their revenues. Some funds had large operating surpluses resulting in high reserves, which indicate that
they should increase members' benefits. Other issues include improper eligibility delay, consolidation of professional
services, and field audits of funds.