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Table 6.XVI

Assets and Liabilities of New York City's Guaranteed Debt Service Funds

June 30, 2007(in $ thousands)
Particulars Transitional Finance Authority TSASC Inc. Municipal Assistance Corporation Educational Construction Fund Private Housing Loan Programs Fiscal Year 2005 Securitization Corporation Sales Tax Asset Receivable Corporation Hudson Yards Group Total Nonmajor Debt Service
Assets:
Cash and cash equivalents - 1,532 8,042 20,616 747 448 379 683 32,447
Investments, including accrued interest - 409,647 257,000 - - - - - 666,647
Taxes other than real estate 580,149 - - - - - - 5,008 585,157
Tobacco settlement revenues - 83,000 - - - - - - 83,000
Mortgage loans and interest receivable net (less allowance for uncollectible amounts of $317,010) - - - - 79 - - - 79
Resticted cash and investments 1,158,530 119,484 - 26,821 - 334,145 299,703 77,572 2,016,255
Other - 196 46 157 - - 163 202,525 203,087
Total assets 1,738,679 613,859 265,088 47,594 826 334,593 300,245 285,788 3,586,672
                   
Liabilities And Fund Balances:                  
Liabilities:                  
Accounts payable and accrued liabilities 1,498 - 2,104 2,993 - 21 25 38 6,679
Accrued tax refunds - personal income tax 45,149 - - - - - - - 45,149
Other 535,000 83,000 - 3,082 - - - - 621,082
Payable for investment securities purchased - - 257,000 - - - - - 257,000
Total liabilities 581,647 83,000 259,104 6,075 - 21 25 38 929,910
Fund balances:                  
Reserved for:                  
Debt service 1,157,032 119,484 - 26,412 747 334,145 299,704 77,572 2,015,096
Noncurrent mortgage loans - - - - 79 - - - 79
Unreserved - 411,375 5,984 15,107 - 427 516 208,178 641,587
Total Fund Balances 1,157,032 530,859 5,984 41,519 826 334,572 300,220 285,750 2,656,762
Total liabilities and fund balances 1,738,679 613,859 265,088 47,594 826 334,593 300,245 285,788 3,586,672
Source:     
Comprehensive Annual Financial Reports of the Comptroller-Basic Financial Statements(Part IIB)/ Financial analysis of Government Funds / Pg 114
http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/cafr2007.pdf

 

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Baruch College/CUNY 2009
Photos: Copyright Jeff Greenberg/NYC & Company, Inc.

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