An audit report was filed on June 7, 2007 on the compliance of York Avenue Tennis LLC with certain provisions of its license agreement and payment of fees due the City. The audit determined whether York accurately reported its total gross receipts, properly calculated the license fees due the City, paid its license fees on time, and complied with certain major non-revenue terms of its license agreement. It was determined that York generally adhered to the provisions of its license agreement with the city. York recorded its revenues fairly, calculated and paid its fees on time, and maintained an adequate system of internal controls. However, there were some issues regarding calculation of certain fees for which York owed the City $48,897. Recommendations were made to rectify these issues.
An audit report was filed on June 6, 2007 on the New York Yankees rental credits for the second quarter of 2006 (April 1 to June 30, 2006). The Comptroller's Office is required to audit all rental credits claimed by the Yankees for the maintenance of City-owned Yankee Stadium. Under the terms of the lease, the Yankees are responsible for the care and upkeep of Yankee Stadium; the costs incurred by the Yankees for maintaining the stadium are offset against any rental income due the City from the Yankees. Thus, every approved dollar spent and accounted for as a rental credit for the maintenance of the stadium results in a dollar-for-dollar decrease in the rent due the City. It was determined that the rental credits submitted for the second quarter of 2005 were overstated by $69,880.67. Recommendations were made to rectify this issue.
The Asset Information Management System (AIMS) Report reports on the City's State of Good Repair need and the agencies' planned spending to address this need. The program consolidates results of cyclical field surveys and estimates the Capital and Expense needs necessary to keep major City owned facilities and infrastructure in a State of Good Repair. This report details City's assets through Fiscal Year 2007.
A letter from Ronnie Lowenstein to Gene Russianoff talking about the review and analysis of the Metropolitan Transportation Authority's fiscal projections.
This audit determines whether the Staten Island Borough President's Office has been following the proper payroll, personnel, purchasing, cash receipts, and inventory policies and procedures. The audit finds that the Office generally followed the procedures, though there were some weaknesses.
This audit determines whether the Bronx Borough President's Office is following with proper purchasing and inventory procedures. The audit finds that the the Office has generally followed the proper procedures, though it did not always follow the procedures.
This report details the Comptroller's, William C. Thompson, Jr.'s, comments on the Fiscal Year 2008 Executive Budget. The City predicts high tax revenue projections and surpluses, giving the City the opportunity to reduce budget gaps for future years.