NYC-WTC_000195490

NYC 9/11 Public Portal Document

For fiscal year 2001 an operating surplus of $2.8 billion is projected. The 2001 budget forecast provides for a budget stabilization account of $2.1 billion and prepayments of $664 million of MAC Debt Service, Lease Debt and certain Transit Authority subsidies. The 2001 forecast also provides for a general reserve of $42 million to offset any adverse changes, which may surface during the remainder of the fiscal year or during the audit of the operating results.

The following table details changes to the 2001 budget since adoption, indicating sources and uses of funds and the allocation of the operating surplus.

FY 2001 Changes Since Adoption ($ in millions)

Additional Sources df Funds / • Revenues $ 1,519 • Agency Programs 527 • Tax Reductions Not Enacted 331 • Prior Payables 264 • General Reserve 158 Total Sources $2,799 Additional Uses of Funds • ! Collective Bargaining ; $ (389) • Pension Costs (79) •; Medicaid (140) •' Police (166) • All Other Spending (169) Total Uses , $(943) Adopted Budget Stabilization Account $905

Operating Surplus $ 2,761

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Allocation of Operating Surplus (• FY 2001 Budget Stabilization Account / $2,097 /; • Prepaymeints of MAC Debt, Lease Debt & Transit Authority Subsidies _ 664 Total Operating Surplus $2,761

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