NYCdata: Guaranteed Debt Service Funds - Revenues and Expenditures


» Home » Fiscal Data

Table 8.IX.B New York City's Guaranteed Debt Service Funds Revenues and Expenditures (in $ thousands)
2012 Fiscal Year Ended June 30
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)	(450)	680	741	-	13,122	3,837	3	1	17,934
Interest on mortgages, net	-	-	-	2,096	-	-	-	-	2,096
Personal Income Tax	672,924	-	-	-	-	-	-	-	4,635
Tobacco settlement	-	68,007	-	-	-	-	-	-	672,924
State aid						169,627	-	-	68,007
Other revenues	-	-	-	-	-	-	-	-	600
Total revenues	672,474	68,687	741	2,696	13,122	173,464	4,638	1	935,823
Expenditures:
Administrative and other	3,441	-	-	-	-	-	-	-	1,936
Debt Service:									3,441
Interest	879,439	63,474	4,342	1,256	14,006	108,041	88,223	4,953	1,163,734
Redemptions	442,125	5,015	6,075	6,620	11,860	65,816	-	81,211	618,722
Total expenditures	1,325,005	68,489	13,353	7,876	25,866	173,857	88,223	86,164	1,787,833
Excess (deficiency) of revenues over expenditures	(652,531)	198	(11,612)	(5,180)	(12,744)	(393)	(83,585)	(86,163)	852,010
Other Financing Sources (Uses):
Transfer from (to) General Fund	1,206,049	-	-	-	-	-	55,513	-	1,261,562
Transfer from Nonmajor Capital Projects Funds	210	-	12,095	-	-	-	30,495	-	42,800
Transfer from General Debt Service Fund	-	-	-	5,170	-	-	-		5,170
Bond Premium	64,829	-	-	-	-	-	-	-	64,829
Payment to refunded bond escrow holder	(795,042)	-	-	-	-	-	-	-	649,425
Net change in fund balances	472,645	198	30,827	(10)	(12,950)	(393)	2,423	(5,668)	487,072
Fund Balances at Beginning of Year	1,080,220	117,066	19,272	647	333,132	288,242	237,706	22,089	2,098,3744
Fund Balances at End of Year	1,552,865	117,264	50,099	637	320,182	287,849	240,129	16,421	2,585,446

2011 Fiscal Year Ended June 30
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)	(450)	680	741	-	13,122	3,837	3		17,933
Interest on mortgages, net	-	-	-	2,096	-	-	-		2,096
Personal Income Tax	672,924	-	-	-	-	-	-		972,924
Tobacco settlement	-	68,007	-	-	-	-	-		68,007
State aid						169,627
Other Revenues	-	-	-	600	-	-	-		600
Total revenues	672,474	68,687	741	2,696	13,122	173,464	4,638		935,822
Expenditures:
Administrative and other	3,441	-	-	-	-	-	-		3,441
Debt Service:
Interest	879,439	63,474	4,342	1,256	14,006	108,041	88,223		1,158,781
Redemptions	442,125	5,015	6,075	6,620	11,860	65,816	-		537,511
Total expenditures	1,325,005	68,489	12,353	7,876	25,866	173,857	88,223		1,701,669
Excess (deficiency) of revenues over expenditures	(652,531)	198	(11,612)	(5,180)	(12,744)	(393)	(83,858)		(765,847)
Other Financing Sources (Uses):
Transfer from (to) General Fund	1,206,049	-	-	-	-	-	55,513		1,261,562
Transfer from Nonmajor Capital Projects Funds	210	-	12,095	-	-	-	30,495		42,800
Transfer from General Debt Service Fund	(295)	-	22,662	-	(206)	-	-		22,161
Payment to refunded bond escrow holder	(795,042)	-	-	-	-	-	-		(795,042)
Total other financing sources (uses)	1,125,176	-	42,439	5,170	(206)	-	86,008		1,258,587
Net change in fund balances	472,645	198	30,827	(10)	(12,950)	(393)	2,423		492,740
Fund Balances at Beginning of Year	1,080,220	117,006	19,272	647	333,132	288,242	237,706		2,076,285
Fund Balances at End of Year	1,552,865	117,264	50,099	637	320,182	287,849	240,129		2,569,025

2010 Fiscal Year Ended June 30
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)	2,664	89	-	935	-	28,672	946	212	33,518
Interest on mortgages, net	-	-	-	-	2,319	-	-	-	2,319
Personal Income Tax	190,646	-	-	-	-	-	-	-	190,646
Tobacco settlement	-	193,580	-	-	-	-	-		193,580
State aid							170,000
Other revenues	3,782	-	-	18,436	699	-	38	-	22,955
Total revenues	197,092	193,669	-	19,371	3,018	28,672	170,984	212	613,018
Expenditures:
Administrative and other	22,437	509	285	3,644	-	151	347	727	28,100
Debt Service:
Interest	712,903	63,870	-	2,355	1,629	14,403	110,899	88,601	994,660
Redemptions	356,900	8,385	-	6,135	7,535	9,915	78,901	33,334	501,105
Total expenditures	1,092,240	72,764	285	12,134	9,164	24,469	190,147	122,662	1,523,865
Excess (deficiency) of revenues over expenditures	(895,148)	120,905	(285)	7,237	(6,146)	4,203	(19,163)	(122,450)	(910,847)
Other Financing Sources (Uses):
Transfer from (to) General Fund	747,016	(121,186)	-	-	-	-	13,318	639,148
Transfer from Nonmajor Capital Projects Funds	(7,836)	-	-	-		-	79,474	71,638
Transfer from General Debt Service Fund	-	-	-	-	6,096	-	-	-	6,096
Payment to refunded bond escrow holder	(1,926,852)	-	-	-	-	-	-	-	(1,926,852)
Total other financing sources (uses)	767,397	(121,186)	-	-	6,096	-	-	92,792	745,099
Net change in fund balances	(127,751)	(281)	(285)	7,237	(50)	4,203	(19,658)	(29,658)	(165,748)
Fund Balances at Beginning of Year	1,219,955	118,162	285	30,950	697	329,950	307,940	280,349	2,287,632
Fund Balances at End of Year	1,092,204	117,881	-	38,187	647	333,497	288,777	250,691	2,121,884

2009 Fiscal Year Ended June 30
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)	-	-	-	-	-	-	170,000	-	170,000
Interest on mortgages, net	10,124	1,687	4	1,076	-	19,772	5,472	1,221	39,356
Personal Income Tax	-	-	-	-	6,469	-	-	-	6,469
Tobacco settlement	138,274	-	-	-	-	-	-	-	138,274
State aid	-	232,612	-	-	-	-	-	-	232,612
Other revenues	-	-	26	18,712	3,625	-	-	12,328	34,691
Total revenues	148,398	234,299	30	19,788	10,094	19,772	175,472	13,549	621,402
Expenditures:
Administrative and other	10,221	508	551	14,967	-	123	302	633	27,305
Debt Service:
Interest	632,069	64,972	-	3,880	1,984	14,851	113,784	90,147	921,687
Redemptions	175,600	23,855	-	7,465	7,190	16,850	88,420	-	319,380
Total expenditures	817,890	89,335	551	26,312	9,174	31,824	202,506	90,780	1,268,372
Excess (deficiency) of revenues over expenditures	(669,492)	144,964	(521)	(6,524)	920	(12,052)	(27,034)	(77,231)	(646,970)
Other Financing Sources (Uses):
Transfer from (to) General Fund	758,795	(552,006)	2,750	-	-	-	-	-	209,539
Transfer from Nonmajor Capital Projects Funds	38,742	-	-	-	-	-	-	116,189	154,931
Transfer from General Debt Service Fund	-	-	-	-	4,789	-	-	-	4,789
Payment to refunded bond escrow holder		-	-	-	-	-	(14,544)	-	(14,544)
Transferable development rights installment purchase agreement	-	-	-	-	-	-	-	(33,333)	(33,333)
Total other financing sources (uses)	797,537	(552,006)	2,750	-	4,789	-	(14,544)	82,856	321,382
Net change in fund balances	(162,086)	(412,017)	(5,178)	(4,045)	(88)	6,744	34,754	(12,767)	(554,653)
Fund Balances at Beginning of Year	1,157,032	530,859	5,984	41,519	826	334,572	300,220	285,750	2,656,762
Fund Balances at End of Year	994,946	118,842	806	37,474	738	341,346	334,974	272,983	2,102,109
Source: Comprehensive Annual Financial Reports of the Comptroller

Table 8.IX.B

New York City's Guaranteed Debt Service Funds Revenues and Expenditures

(in $ thousands)

New York City's Guaranteed Debt Service Funds
Revenues and Expenditures