Financial Control Board, New York State

Mission

The New York State Financial Control Board was created by the State legislature in September 1975 to oversee the financial management of the New York City government and certain related public authorities. The Control Board must review the City’s four-year financial plan at least quarterly, and must notify the City if a plan or modification to the financial plan does not conform to the New York State Financial Emergency Act of The City of New York's standards. In addition, the Control Board must make a determination annually whether a new control period should be recommended.

Budget Highlights

The Executive Budget recommends $3.132 million for the Financial Control Board. This is a decrease of $80,300 from the 2011-12 budget. The decrease primarily reflects increased productivity and the streamlining of agency operations.

The Executive Budget recommends a workforce of 14 FTEs for the Financial Control Board. This is the same as the 2011-12 budget.

ALL FUNDS APPROPRIATIONS
All amounts are in dollars
Category	Available 2011-12	Appropriations Recommended 2012-13	Change From 2011-12	Reappropriations Recommended 2012-13
State Operations	3,212,000	3,131,700	(80,300)	0
Total	3,212,000	3,131,700	(80,300)	0

PROJECTED LEVELS OF EMPLOYMENT
Full-Time Equivalent Positions (FTE)
Program	2011-12 Estimated FTEs 03/31/12	2012-13 Estimated FTEs 03/31/13	FTE Change
Financial Control Board for the City of New York
Special Revenue Funds - Other	14	14	0
Total	14	14	0

Note: Most recent estimates as of 1/17/2012

Click for additional detailed appropriation tables

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