NYC-WTC_000195490

NYC 9/11 Public Portal Document

S' REVIEW OF REVENUE AND EXPENSE BUDGETS

The 2002 Executive Budget is $39.5 billion, a decrease of $ 1.0 billion from the forecasted results for 2001. This is the twenty-second consecutive budget which is balanced under generally accepted accounting principles. 'i Financial Summary—1996-2002 , ($ in Millions)

. Fiscal Years Ending June 30 'y 1996* 1997* 1998* i 1999* 2000* 2001** 2002*** Revenues !! Taxes: '! General Property Tax ......... $6,954 $7,291 $7,239 $7,631 $7,850 $8,136 $8,643 Other Taxes ........... . 10,198 11,266 12i528 13,123 / 13,993 14,661 13,885 Tax Audit Revenues .. ........ 657 651 ' 458 536 416 399 487 CriminaUustice Fund ..... 331 90 ' 185 _ / Tax Reduction Program .... (494) Miscellaneous Revenues .. .......... 3,379 3,732 3,541 3,473 4,239 4,794 4,600 Unrestricted Intergovernmental Aid 621 654 621 652 631 5’93 706 Other Categorical Grants.. .......... 343 379 412 367 431 439 392 Less: Intra-City Revenue .i........... (644) (683) (705) (780) (1,150) (1,381) (1,343) Disallowances ................... (40) (36) (15) (39) (5) (15) (15) Sub-Total City Funds .. .............. $21,799 $23,344 $24,264 $24,963 $26,405 $27,626 26,861 Inter-Fund Revenues .................. 244 245 252 249 240 296 301 total City & Inter-Fund ; Revenues............................. . $22,043 $23,589 $24,516 $25,212 $26,645 $27,922 $27,162 Federal Categorical Grants ____ 4,194 4,133 4,292 4,262 4,417 4,737 4,457 State Categcyical Grants....... . 6,078 6,264 6,372 6,639 7,062 7,824 7,913 Total Revenues ............... $32,315 HBSKasasasM $33,986 ^ $35,180 - &sbbbs bb sbsss ssbs $36,113 -........ -7— $38,124 " $40,483 ssaaxsawwa $39,532. s3=s=s=s=ssi

Expenditure's Personal Service . .................... . $16,176 $16,495 $17,642 $18,535 $19,178 $21,176 $21,865 Other Thaij Personal Service ..... 14,016 13,701 14,393 14,469 16,165 17,624 17,541 DebtServicb ........................... ; 2,406 2,842 1,460 1,269 739 261 924 MAC Debt Service Funding ..... 132 264 304 J Budget Stabilization and 'i Prepayments: i Budget Stabilization ....;.. 1,357 2,001 2,509 2,097 345 , Debt Service ................. . . . 106 1,342 119 90 90 38 Y MAC Debt Service i....... 468 386 451 488 Other .. . . . .......... . . 118 20 __ __ 138 137 ___ 1^ $224 $1,362 $2,081 $2,615 $3,187 ($2,761 ' $345 General Reserve \ 42 200 , . / $32,954 $34,664 $35,880 $36,888 $39,269 $41,864 $40,875 Less: Intra-City Expenditures ...'. (6^) (683) (705) (780) (1,150) (1,381) Total Expenditures .. $32,310 $33,981 $35,175 $36,108 $38,119 $40,483 $39,532

Surplus/(Deficit) GAAP Basis .. $5 SSSS $5 ..—'■■.-HI.—— $5 $5 . $5 $-

* Actual, Comptroller's Report as of the audit of the respective fiscal year excluding subsequent restatements. Forecast Executive Budget

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