Table 6.XIX |
Revenue and Expenditure of New York City's Guaranteed Debt Service Funds |
June 30, 2006 (in $ thousands) |
| Revenues: |
|
|
|
|
|
|
|
|
|
| State aid |
- |
- |
- |
- |
- |
- |
170,000 |
- |
170,000 |
| Investment income (loss) |
34,222 |
24,191 |
2,173 |
2,739 |
- |
(8,036) |
11,550 |
59 |
66,898 |
| Interest on mortgages, net |
- |
- |
- |
- |
4,809 |
- |
- |
- |
4,809 |
| Personal Income Tax |
350,000 |
- |
- |
- |
- |
- |
- |
- |
350,000 |
| Tobacco settlement |
- |
193,688 |
- |
- |
- |
- |
- |
- |
193,688 |
| Other revenues |
- |
- |
993 |
21,761 |
4,722 |
- |
- |
11,120 |
38,596 |
| Total revenues |
384,222 |
217,879 |
3,166 |
24,500 |
9,531 |
(8,036) |
181,550 |
11,179 |
823,991 |
| Expenditures: |
|
|
|
|
|
|
|
|
|
| Administrative and other |
13,678 |
11,724 |
21,780 |
1,999 |
- |
68 |
108 |
393 |
49,750 |
| Debt service |
|
|
|
|
|
|
|
|
|
| Interest |
572,723 |
96,345 |
- |
6,518 |
3,025 |
19,204 |
121,089 |
- |
818,904 |
| Redemptions |
724,015 |
193,540 |
- |
51,015 |
6,790 |
73,735 |
46,785 |
- |
1,095,880 |
| Total expenditures |
1,310,416 |
301,609 |
21,780 |
59,532 |
9,815 |
93,007 |
167,982 |
393 |
1,964,534 |
| Excess (deficiency) of revenues over expenditures |
(926,194) |
(83,730) |
(18,614) |
(35,032) |
(284) |
(101,043) |
13,568 |
10,786 |
(1,140,543) |
| Other Financing Sources (Uses): |
|
|
|
|
|
|
|
|
|
| Transfer from (to) General Fund |
- |
- |
(17,216) |
- |
- |
(48,506) |
(27,216) |
- |
(92,938) |
| Transfer to Nonmajor Capital Projects Funds |
- |
- |
- |
- |
- |
- |
- |
(1,500) |
(1,500) |
| Transfer from General Debt Service Fund |
- |
- |
- |
- |
198 |
- |
- |
- |
198 |
| Refunding Bond Proceeds |
627,984 |
1,314,990 |
- |
- |
- |
- |
- |
- |
1,942,974 |
| Payment to refunded bond escrow holder |
(646,465) |
(1,180,157) |
- |
- |
- |
- |
(33,677) |
- |
(1,860,299) |
| Cost of Termination of rate cap obligation |
(7,275) |
- |
- |
- |
- |
- |
- |
- |
(7,275) |
| Total other financing sources (uses) |
(25,756) |
134,833 |
(17,216) |
- |
198 |
(48,506) |
(60,893) |
(1,500) |
(18,840) |
| Net change in fund balances |
(951,950) |
51,103 |
(35,830) |
(35,032) |
(86) |
(149,549) |
(47,325) |
(9,286) |
(1,159,383) |
| Fund Balances at Beginning of Year |
1,588,843 |
333,174 |
57,022 |
64,358 |
991 |
532,157 |
384,298 |
- |
2,960,843 |
| Fund Balances at End of Year |
636,893 |
384,277 |
21,192 |
29,326 |
905 |
382,608 |
336,973 |
9,286 |
1,801,460 |
| Source: |
|
|
| Comprehensive Annual Financial Reports of the Comptroller-Basic Financial Statements(Part IIA)/ Financial analysis of Government Funds / Pg 112 |
| http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/cafr2006.pdf |
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