Committed to making substantial reforms early on in their administrations and working collaboratively to address these challenges, Mayor Adams and Comptroller Lander announced the establishment of the Task Force on Nonprofit Contracting (“Task Force”) convened as a part of the transition process.
New York City’s current property tax system is notoriously opaque, unfair, and regressive. For the past four decades, rather than dealing with its structural flaws, New York State has layered on a patchwork of exemptions and abatements to lower tax rates for various owners.
Advancing the vision of a smaller, safer and fairer jail system remains one of the City’s most pressing challenges and will necessitate collective action on the part of all criminal legal system stakeholders.
The purpose of this report is to provide a comparative analysis of the overall financial activities of union-administered benefit funds that received City contributions.
In accordance with New York City Charter §93(l), the Annual Comprehensive Financial Report (ACFR) is published within four months after the close of each fiscal year.
In accordance with New York City Charter §93(l), the Annual Comprehensive Financial Report (ACFR) is published within four months after the close of each fiscal year.
Report utilizes broader methodology and offers detailed recommendations designed to support Mayor Adams’ commitment to double the rate of M/WBE procurement.
The Comptroller’s Annual State of the City’s Economy and Finances Report, released each year in December, is designed to provide a grounding for analysis as the City prepares to begin its annual budget process early in the new year.
The U.S. economy continued to rebound in the first three quarters of 2021 after the dramatic economic contraction and rebound of 2020, growing at a rate of 5.7 percent. Growth early in the year was boosted by the $1.9 trillion American Rescue Plan Act, passed into law in March.
This Report provides the public with an essential overview of the goods, services, and construction that NYC has purchased in the previous fiscal year.
The annual report on the City’s contracting, providing a detailed overview by procurement method and agency of the contracts the City entered into in Fiscal Year 2022.
An audit to determine whether NYCEM appropriately monitored the performance of SLSCO LP (SLSCO)—a vendor contracted to manage COVID-19 vaccination sites—and whether its invoices were properly reviewed and approved.
The objectives of this audit were to determine whether NYCEM appropriately monitored the performance of SLSCO LP (SLSCO)—a vendor contracted to manage COVID-19 vaccination sites—and whether its invoices were properly reviewed and approved.
The objective of this audit was to determine whether DCAS complied with Local Law 45 reporting requirements, which required reporting on electricity and fossil fuel usage, real-time metering, and assessments of and improvements made to the envelopes of covered facilities.
Presentation of the audit of the New York City Department of Education to verify whether the agency has sufficient oversee in place over the distribution of remote learning devices between March 2020 and March 2021.
Presentation of the audit report of New York City Department of Education to confirm if the agency has enough management over its Medicaid claims to raise its Medicaid reimbursement revenue for special education services.
The objective of this audit was to determine whether the NYC Department of Finance (DOF) ensured that property owners reported cell site income on their Real Property Income and Expense (RPIE) Statements.
The objectives of the audit were to determine whether SBS had adequate controls over the award process for the NYC Small Business Continuity Loan Fund Program and complied with relevant rules and regulations.
Audit to determine whether the Center expended City funds in compliance with Department of Cultural Affairs (DCLA) requirements, Comptroller’s Directives, and its own internal procedures, and whether it had adequate and effective internal controls over its financial and operational processes.
Presentation of the audit report on New York City Fire Pension Fund to determine if the Fire Pension Fund had enough management in place to control improper benefit payments to deceased recipients.
Audit report of the New York City Police Department to establish whether the agency has an effective management in place to account for its collection, recording, and reporting of seized property.
The objectives of this audit were to determine whether NYCOA maintained adequate financial controls over its OTPS purchasing practices as required by NYC Comptroller’s Directives, NYCOA’s policies and procedures, PPB Rules and other applicable policies and procedures, and whether it maintained adequ
This audit identified areas in which DPR could improve its oversight of its recreation centers to help ensure that equipment is maintained in satisfactory condition.
The audit found that the Human Resources Administration (HRA) appropriately reimbursed Career Pathways providers for achieving aggregate milestones and interacted with providers in monitoring the services provided to clients.
The objective of this audit was to determine whether the New York City Department of Citywide Administrative Services (DCAS) complied with Local Law 2 of 2016 for the establishment and administration of the Nonpublic School Security Reimbursement Program (NPS).
To inform the City’s rulemaking process, the Office of the New York City Comptroller reviewed how emissions calculations and the use of Renewable Energy Credits should be best structured to maximize LL97’s climate, environmental, economic, and health benefits.
The City of New York is at a pivotal fiscal moment. Tax revenues for the current fiscal year are coming in far above projections, yielding a substantial surplus; however, neither the Mayor’s Office nor the Comptroller’s Office expect this trend to continue.
Challenges to a full economic recovery remain. New York City was hit earlier and harder by the pandemic and has experienced a disproportionate share of the impact.
The Preliminary Budget closes the $2.88 billion budget gap projected in November, on the strength of an expected $2.77 billion surplus in FY 2022, derived primarily from $1.60 billion in additional tax revenues and savings of $866 million from the Program to Eliminate the Gap (PEG).
The Comptroller's Office is committed to maintaining a workplace that preserves fair employment practices and reflects the community in which we work and live.
The New York City Department of Education (DOE) is receiving $7 billion in total federal Covid recovery funding dedicated to K-12 education under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) and the American Rescue Plan Act (ARPA)
“The Agency Watch List spotlights city agencies that raise the most budgetary concerns due to rapidly increased spending and meager measurable results. The following report reviews trends to evaluate the effectiveness of agency spending in achieving the Administration’s stated goals.”
“ The Agency Watch List spotlights city agencies that raise the most budgetary concerns due to rapidly increased spending and meager measurable results. The following report reviews trends to evaluate the effectiveness of agency spending in achieving the Administration’s stated goals.”
The Audit Bureau is required by the City Charter to perform audits in accordance with Generally Accepted Government Auditing Standards (GAGAS). These standards are established by the Comptroller General of the United States in conjunction with the Government Accountability Office (GAO), and are foun
Presentation of the inquiry by the office of the New York City Comptroller into the City’s
COVID-19 planning, preparation, initial response, and recommendations actions to prevent
like fiscal and operational challenges from starting in future public health emergencies.
This report details allocations to MWBE asset management firms managing assets for the New York City Retirement Systems, the status of “emerging manager” programs, the MWBDVE Brokerage Program for the Retirement Systems, the efforts of the Bureau of Public Finance to expand work with diverse firms.
Report detailing the Comptroller’s Office’s work with minority- and women-owned investment firms and emerging managers and with MWBE professionals in municipal finance.
Making the Grade is an annual report that issues letter grades to City agencies based on their level of success spending with minority- and women-owned business enterprises (M/WBEs)
A quarterly cash report for New York City. At the close of FY 2022 (on June 30, 2022), the City recorded the end-of-year cash balance of $8.159 billion, compared to $8.469 billion a year ago. Daily cash balances during FY22 averaged $7.524 billion, $831 million below the prior year’s number.
On December 1, 2021, New York City’s unrestricted cash balance reached a seasonal low of $1.338 billion, compared to $2.143 billion in FY21 and $1.769 billion in FY20.
FY22 began with $8.469 billion in cash-on-hand, compared to $6.627 billion in the beginning of FY21. However, the gap between current cash balances and prior year cash balances quickly disappeared, and FY22 cash balances have been running close to year-ago levels ever since.