For the FY2020 Adopted Budget, as a condition of the funds in unit of appropriation number 290, DCAS shall submit an annual report to the Council regarding School Safety Guard reimbursement required pursuant to Local Law 2 of 2016.
This report gives New Yorkers a window into their local government and its budget functions. It is a user-friendly companion to the City’s 2018 Comprehensive Annual Financial Report (CAFR), which offers a detailed picture of our City’s financial condition.
Strong growth in personal consumption, private investment, and government expenditure boosted the U.S. economy in Q3 2018, as the City’s economy lagged behind.
At the close of 4Q18, the City’s unrestricted cash balance stood at $9.394 billion, virtually unchanged from the closing balance at the end of 4Q17. The 4Q18 average cash balance of $9.035 billion fell below the 4Q17 average by $363 million.