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The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
By 1788, the Treasurer of the City prepared the budget, and in 1830 this duty fell to the Comptroller. [3] In 1853, a Board of Commissioners was established comprising the Mayor, the Comptroller and the Presidents of the Board of Alderman and the Board of Assistants, to pass on the appropriations of the Alms House Department and the Board of Education before such appropriations should be ...
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
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The board recommends nominees for agency director to a panel of four elected city officials: the New York City Public Advocate, the New York City Comptroller, a New York City borough president, and a representative of the City Council. The panel then elects the agency head, who serves a four-year term. The current director is Louisa Chafee. [8]
In fiscal year 2019, the comptroller resolved 13,712 claims and lawsuits against New York City for $975 million. [16] The Comptroller also issued 61 audits and special reports on the effectiveness and service quality of city programs, as well as on financial issues, identifying actual and potential revenue and savings.
Rating Action: Moody's assigns Aa2 to NYC's GO Fiscal 2023 Series A, Subseries A-1& A-2; outlook stableGlobal Credit Research - 11 Aug 2022New York, August 11, 2022 -- Moody's Investors Service ...