This is IBO's review of the Mayor's Preliminary Budget for 2015 and Financial Plan through 2018. The report reflects state issues that are affecting the City budget presented in Mayor de Blasio's plan.
The city is currently in relatively good fiscal condition, due to steps to cut costs and raise revenue. However, the Mayor's budget does not address potential new problems, leaving pressure against City Hall to ensure the preservation of programs that will be affected by these problems. Economic uncertainties threaten the city and can affect the city's employment growth and tax revenues.
This report, by the New York City Independent Budget Office (IBO), analyzes the Mayor's Preliminary Budget for 2010 and Financial Plan through 2013. The IBO compares their economic and revenue forecasts against the Mayor's, as well as examines his key budget proposals.
This report provides IBO's analysis of the Mayor's Preliminary Budget for 2009 and Financial Plan through 2012. The report includes our own economic and revenue forecasts and examines the Bloomberg
Administration's key budget proposals. It also highlights some of the fiscal issues facing the city, questions that become increasingly difficult as resources become more scarce.
This report is IBO's analysis of the Mayor's Preliminary Budget for 2008 and Financial Plan through 2011. It contains IBO's forecasts and examinations of key budget proposals made by the Mayor.
FOCUS ON THE PRELIMINARY BUDGET: IBO has produced a new economic and tax revenue forecast for the city as well as re-estimated city expenditures based on the Mayor's Preliminary Budget for 2019 and Financial Plan Through 2022. An overview of our findings.
IBO has produced a new economic and tax revenue forecast for the city as well as re-estimated city expenditures based on the Mayor's Preliminary Budget for 2018 and Financial Plan Through 2021. An overview of our findings.
This analysis of the Financial and Operating Practices of Union-Administered Benefit Funds with Fiscal Years Ending in Calendar Year 2002 was to provide comparative data on the overall financial activities of the 87 union-administered active and retiree welfare, education, and annuity funds which received City contributions during Fiscal Year 2002. Several funds expended lower-than-average amounts for benefits and maintained high reserves, but the expenses of certain funds exceeded their revenues, resulting in operating deficits.
This report provides a comparative analysis of the overall financial activities of union-administered active and retiree welfare, education, and annuity funds.
From an analysis conducted on the financial activities of 98 union-administered welfare, education, and annuity funds, it was found that the expenses of certain funds exceeded their revenues, leading to operating deficits. In addition, an unnecessarily large percentage of funds was spend on administrative expenses and some funds had abnormally large reserves. Recommendations have been made to address these issues.
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.
An audit report was filed on December 30, 2010 on the financial and operating practices of union-administered benefit funds with fiscal years ending in calendar year 2008. It was determined that there were variations in the amounts spent for administrative purposes, although in certain instances there was an indication that these expenses were reduced. It was suggested that the financial issues to be addressed were the reduction of administrative expenses, allocation of excess reserves of funds, and the minimization of operating deficits.
Following with the City Council's Safe Housing Act, the Alternative Enforcement Program was implemented by the Department of Housing Preservation and Development. The purpose of this program was to improve the conditions of the city's rundown apartment buildings. Landlords have four months to fix their rundown apartments. After those four months, the city will reinspect the building, repair it, and send the bill to the owner, who will have to repay the city.
Presents information on capital appropriations and commitments with implementation schedules projected, and the ensuring three years for all active capital budget projects. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
Presents information on capital appropriations and commitments with implementation schedules projected, and the ensuring three years for all active capital budget projects. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
Presents information on capital appropriations and commitments with implementation schedules projected, and the ensuring three years for all active capital budget projects. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
Presents information on capital appropriations and commitments with implementation schedules projected, and the ensuring three years for all active capital budget projects. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
This report presents information on capital appropriations and commitments, detailing projected implementation schedules and the plans for active capital budget projects for the next three years. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
This report presents information on capital appropriations and commitments, detailing projected implementation schedules and the plans for active capital budget projects for the next three years. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
This report presents information on capital appropriations and commitments, detailing projected implementation schedules and the plans for active capital budget projects for the next three years. These implementation schedules, derived by the respective agencies performing the project work, are the best assessment of the earliest possible start of the implementation milestone (scope, design, construction, etc.) being reported.
This audit determines whether the Vera Institute of Justice is following with the provisions of its contract with the Department of Probation to operate the Esperanza/Hope Program.
Procurement cards are credit cards used by City personnel for purchasing goods and services for City services. This audit determines whether the Fire Department has adequate controls over the use of these cards.
An audit report to monitor the use of procurement cards of the Department of Transportation and to see whether the Department has adequate control over its usage.
An audit report determining whether the Department of Finance has procedures ensuring that real properties in Queens listed as Tax Class 1 are correctly classified.
This audit was held in order to determine whether the Department of Finance, which administers and enforces tax laws, had adequate procedures to ensure that mixed-use properties in Staten Island listed in Class 1 were correctly classified. The results of this audit finds that the Department does not have adequate procedures for Class 1 but does have adequate procedures for Classes 2, 3, and 4.
The office of the Comptroller has audited the compliance of the Department of Records and Information Services with applicable Procurement Policy Board rules and Comptroller's Directives
governing small procurement and vouchering practices.