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Financial Control Board, New York State

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Agency Web Site: https://fcb.ny.gov/Link to External Website

Mission

The New York State Financial Control Board (the Control Board) was created by the State legislature in September 1975 pursuant to the New York State Financial Emergency Act of the City of New York (the Act). The Act gives the Control Board powers 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 with standards set forth by the Act. In addition, the Control Board must make an annual determination whether a new control period should be recommended.

Organization and Staffing

The Control Board consists of the Governor (Chairman), State Comptroller, Mayor of the City of New York, City Comptroller, and three members appointed by the Governor, with the advice and consent of the State Senate. Various elected officials of the State and City are entitled to appoint non-voting representatives to the Control Board. The Control Board acts by majority vote of the entire seven-member board, each of whom has one vote.

An Executive Director is jointly appointed by the Governor and the Mayor of the City of New York.

Budget Highlights

The Executive Budget recommends $3.132 million in Special Revenue Funds appropriations and a workforce of 12 FTEs, unchanged from FY 2018.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category Available
FY 2018		 Appropriations
Recommended
FY 2019		 Change From
FY 2018		 Reappropriations
Recommended
FY 2019
State Operations 3,131,700 3,131,700 0 0
Total 3,131,700 3,131,700 0 0

ALL FUND TYPES
PROJECTED LEVELS OF EMPLOYMENT BY PROGRAM
FILLED ANNUAL SALARIED POSITIONS
Program FY 2018
Estimated FTEs
03/31/18		 FY 2019
Estimated FTEs
03/31/19		 FTE Change
NY State Financial Control Brd
Special Revenue Funds - Other 12 12 0
Total 12 12 0

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY FUND TYPE
APPROPRIATIONS
(dollars)
Fund Type Available
FY 2018		 Recommended
FY 2019		 Change
Special Revenue Funds - Other 3,131,700 3,131,700 0
Total 3,131,700 3,131,700 0

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Program Available
FY 2018		 Recommended
FY 2019		 Change
NY State Financial Control Brd
Special Revenue Funds - Other 3,131,700 3,131,700 0
Total 3,131,700 3,131,700 0

STATE OPERATIONS - OTHER THAN GENERAL FUND
SUMMARY OF APPROPRIATIONS AND CHANGES
FY 2019 RECOMMENDED
(dollars)
Program Total Personal Service
Amount Change Amount Change
NY State Financial Control Brd 3,131,700 0 1,388,800 38,800
Total 3,131,700 0 1,388,800 38,800
STATE OPERATIONS - OTHER THAN GENERAL FUND
SUMMARY OF APPROPRIATIONS AND CHANGES
FY 2019 RECOMMENDED CONTINUED
(dollars)
Program Nonpersonal Service
Amount Change
NY State Financial Control Brd 1,742,900 (38,800)
Total 1,742,900 (38,800)

Note: Most recent estimates as of 01/16/2018

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