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Financial Control Board, New York State

Location: Home > Publications > Archives > 2012-13 Executive Budget > Agency Appropriations > Financial Control Board, New York State

Agency Web Site: http://www.fcb.state.ny.usLink 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 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