Revenue and Expenditure of New York City's Guaranteed Debt Service Funds


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Table 6.XVII
Revenue and Expenditure 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
Revenues:
Investment income (loss)	26,344	21,728	351	2,135	-	18,127	13,520	798	83,003
Interest on mortgages, net	-	-	-	-	4080	-	-	-	4,080
Personal Income Tax	684,607	-	-	-	-	-	-	-	684,607
Tobacco settlement	-	208,433	-	-	-	-	-	-	208,433
State aid	62,173	-	-	-	-	-	170,000	-	232,173
Other revenues	-	-	25	24,636	1,042	-	-	62,946	88,649
Total revenues	773,124	230,161	376	26,771	5,122	18,127	183,520	63,744	1,300,945
Expenditures:
Administrative and other	10,782	237	25,584	2,519	-	77	266	396	39,861
Debt service:
Interest	592,103	66,637	-	3,279	2,681	16,646	118,641	-	799,987
Redemptions	914,986	16,705	-	12,095	7,125	49,440	48,145	-	1,048,496
Total expenditures	1,517,871	83,579	25,584	17,893	9,806	66,163	167,052	396	1,888,344
Excess (deficiency) of revenues over expenditures	(744,747)	146,582	(25,208)	8,878	(4,684)	(48,036)	16,468	63,348	(587,399)
Other Financing Sources (Uses):
Transfer from (to) General Fund	1,264,215	-	10,000	-	-	-	-	-	1,274,215
Transfer from Nonmajor Capital Projects Funds	3,721	-	-	-	-	-	-	110,771	114,492
Transfer from General Debt Service Fund	-	-	-	-	4,605	-	-	-	4,605
Bond premium	-	-	-	3,315	-	-	-	-	3,315
Refunding Bond Proceeds	321,400	-	-	-	-	-	-	-	321,400
Payment to refunded bond escrow holder	(324,450)	-	-	-	-	-	(53,221)	-	(377,671)
Transferable development rights installment purchase agreement	-	-	-	-	-	-	-	102345	102345
Total other financing sources (uses)	1,264,886	-	10,000	3,315	4,605	-	(53,221)	213,116	1,442,701
Net change in fund balances	520,139	146,582	(15,208)	12,193	(79)	(48,036)	(36,753)	276,464	855,302
Fund Balances at Beginning of Year	636,893	384,277	21,192	29,326	905	382,608	336,973	9,286	1,801,460
Fund Balances at End of Year	1,157,032	530,859	5,984	41,519	826	334,572	300,220	285,750	2,656,762
Source:
Comprehensive Annual Financial Reports of the Comptroller-Basic Financial Statements(Part IIA)/ Financial analysis of Government Funds / Pg 116
http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/cafr2007.pdf

Table 6.XVII

Revenue and Expenditure of New York City's Guaranteed Debt Service Funds

June 30, 2007 (in $ thousands)