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Analysis Of The Financial And Operating Practices Of Union-Administered Benefit Funds With Fiscal Years Ending In Calendar Year 2008 (FM10-109S)

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An audit report was filed on December 30, 2010 on the financial and operating practices of union-administered benefit funds with fiscal years ending in calendar year 2008. It was determined that there were variations in the amounts spent for administrative purposes, although in certain instances there was an indication that these expenses were reduced. It was suggested that the financial issues to be addressed were the reduction of administrative expenses, allocation of excess reserves of funds, and the minimization of operating deficits.

Agency
Subject
Report type
  • Audit Report
Date published
  • 2010-12-30