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 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 an annual determination whether a new control period should be recommended.

Budget Highlights

The Executive Budget recommends $3.132 million for the Financial Control Board. This is the same as the 2013-14 budget.

The Executive Budget recommends a workforce of 14 FTEs for the Financial Control Board. This represents no change from the 2013-14 budget.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category Available
2013-14
Appropriations
Recommended
2014-15
Change From
2013-14
Reappropriations
Recommended
2014-15
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 2013-14
Estimated FTEs
03/31/14
2014-15
Estimated FTEs
03/31/15
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 01/20/2014

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