Statewide Financial Systemskip breadcrumbs
Agency Web Site: http://www.sfs.ny.gov
The Statewide Financial System Project is responsible for developing and maintaining the single statewide financial system for use by all State agencies.
The SFS system was rolled out for general use in April 2012 and the development of additional functionality is ongoing.
SFS was previously funded through a Special Revenue Other Account that received quarterly transfers from the General Fund. To promote fiscal transparency, SFS will be appropriated directly in the General Fund. The recommended budget of $29.7 million supports the ongoing maintenance and operating costs for the system, and is a decrease of $25.7 million to State Operating Funds from Fiscal Year 2013-14. This decrease is due in large part to a $21.8 million annual debt service payment that will be transferred directly to the debt service payment account.
The Executive Budget recommends a workforce of 139 FTEs, reflecting the operational status of the project. This total has remained flat from the previous fiscal year, with the only change being that all FTEs will funded out of the General Fund in FY 2014-15.
|Statewide Financial System Program|
|Special Revenue Funds - Other||134||0||(134)|
Note: Most recent estimates as of 01/20/2014