NYC Government Publication
Analysis of the Financial and Operating Practices of Union-Administered Benefit Funds With Fiscal Years Ending in Calendar Year 2004 (FM06-088S)
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.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2006-12-28
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4341_Analysis_of_the_Financial_and_Operating_Practices_of_the_Union_Administered_Benefit_Funds_with_Fiscal_Years_Ending_in_Calendar_Year_2004.pdf | 2020-05-08 | Download |