This report details the City's economic and financial state for Fiscal Year 2007. The downturn in the nation's housing and mortgage markets produced budgetary risks for the City and revenue projections remain low. The City must work to overcome these challenges.
This report, prepared by William C. Thompson, Jr., the Comptroller, details the financial state of the City, as of June 30, 2007. The City completed the Fiscal Year with a General Fund surplus and the General Fund indicates the financial activity and legal compliance of the City. There has been financial success during the year.
This quarterly cash report covers July-September 2007, first quarter of fiscal year 2008. Included in this report are cash balances in revenue and expenditures for the quarter. Also included are information and comparative analyses between spendings in this quarter and in previous fiscal periods.
An audit report was filed on November 5, 2007 on the compliance of RCN Telecom Services of New York Inc. with its Franchise and Open Video Agreements for the period January 1, 1999 to December 31, 2005. The audit determined whether RCN accurately reported its total revenue, calculated and paid the appropriate fee amounts to the City, made the required payments on time, and complied with certain non-revenue-related requirements of its agreements. It was determined that RCN complied with certain non-revenue-related requirements of the agreements, however, RCN failed to report $26,431,624 in revenue to the City for the audit period and lacked proper documentation for its operations. Recommendations were made to rectify these issues.
An audit report was filed on September 19, 2007 on the Department of Education's (DOE) reporting of violent, disruptive, and other incidents at New York City Public High Schools. The audit determined whether DOE has adequate controls in place to ensure that incidents at New York City Public High Schools are consistently entered in the On-line Occurrence Reporting System (OORS) so that DOE can report them to the New York State Education Department (SED) in accordance with SED requirements. It was determined that DOE did not have effective controls in to ensure that incidents at its high schools were consistently entered in OORS, thus a significant portion of incidents were not entered. There were also issues regarding consistency of reporting across schools and the discretion used in handling these incidents. Recommendations were made to rectify these issues.
An audit report was filed on September 21, 2007 on the Other Than Personal Service Expenditures (OTPS) of the New York City Council for the period July 1, 2004 to June 30, 2005. The audit determined whether the New York City Council complied with certain purchasing procedures for OTPS expenditures set forth in the New York City Comptroller's Internal Control and Accountability Directives #3, 6, and 24, Procurement Policy Board (PPB) rules, and the Procurement Rules of the Council. It was determined that the Council did not comply with any of the aforementioned rules. The Council circumvented many protocols and procedures and mishandled money in many instances. Recommendations were made to rectify these issues.
An audit report was filed on September 17, 2007 on the development and implementation of the Medical Assisstance Tracking Information System (MATIS) by the Human Resources Administration (HRA). It could not be ascertained whether MATIS met the overall goals as stated in the original system justification, although the system was operational and the system design allowed for future upgrades. Sample testing of MATIS revealed issues with the data stored as well as certain protocols to protects its users. HRA's using and implementation of MATIS left many areas in need of improvement. Recommendations were made to rectify these issues.