Changes in Fund Balances

Fiscal Year
(Amounts in Thousands)

	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Revenues:
Real estate taxes	$ 17,086,484	$ 16,369,447	$ 14,487,231	$ 13,203,930	$ 13,122,812	$ 12,636,355	$ 11,615,939	$ 11,582,328	$ 10,062,930	$ 8,760,872	$ 8,245,585	$ 7,849,962	$ 7,630,673	$ 7,239,193	$ 7,290,685
Sales and use taxes	6,190,215	5,611,398	5,302,107	6,228,357	6,412,020	5,986,655	5,822,751	5,081,287	4,321,464	3,957,386	4,195,594	4,159,943	3,825,997	3,523,209	3,346,458
Personal income tax	8,165,972	7,592,657	7,657,177	9,927,965	8,647,777	8,025,813	7,200,060	6,068,475	5,029,749	5,005,606	6,164,516	5,611,710	5,527,827	5,152,936	7,567,224
Income taxes, other	6,705,299	5,706,532	6,588,642	6,784,783	7,451,281	5,531,620	4,640,541	3,690,835	3,137,916	3,192,084	3,685,224	3,589,023	3,218,165	3,393,756	-
Other taxes	2,201,835	1,920,938	1,975,691	2,619,250	2,892,579	2,380,744	2,130,072	1,798,313	1,345,142	1,252,537	1,293,657	1,265,780	1,193,823	1,085,536	1,063,261
Federal, State and other categorical aid	20,745,380	21,476,859	20,189,664	19,615,947	17,697,756	16,044,612	16,936,023	15,227,762	15,203,732	15,035,121	13,119,042	12,217,907	11,580,800	11,385,764	11,118,053
Unrestricted Federal and State aid	208,623	17,563	327,390	242,115	35,054	494,154	603,500	963,445	1,442,813	665,820	634,380	631,224	652,343	621,676	653,569
Charges for services	2,344,682	2,538,984	2,244,924	2,125,870	1,920,752	1,836,959	2,479,372	1,602,899	1,481,382	1,458,393	1,460,891	1,400,506	1,353,164	1,421,455	1,364,083
Tobacco settlement	183,531	193,580	232,612	210,937	208,433	199,098	216,920	213,726	252,843	256,612	204,328	274,923	-	-	-
Investment income	43,656	78,591	280,399	634,530	665,093	454,736	219,881	46,543	89,080	150,111	347,158	294,576	718,213	-	-
Interest on mortgages, net	2,096	2,319	6,469	3,181	4,080	4,809	3,743	5,474	3,981	5,011	6,329	7,516	-	-	-
Unrealized loss on investment	-	-	-	-	-	-	(1,182)	(9,044)	-	-	-	-	-	-	-
Other Interest income	-	-	-	-	-	-	-	-	-	-	-	5,719	-	-	-
Other revenues	4,684,894	4,569,161	5,028,821	4,331,232	3,867,093	3,321,152	3,457,253	3,265,536	2,721,672	2,804,426	2,837,138	2,065,295	2,435,951	2,250,971	2,759,672
Total revenues	68,562,667	66,078,029	64,321,127	65,928,097	62,924,730	56,916,707	55,324,873	49,537,579	45,092,704	42,543,979	42,193,842	39,374,084	38,136,956	36,074,496	35,163,005
Expenditures:
General government	3,302,864	3,699,732	3,617,367	3,992,653	2,683,276	2,198,405	3,105,156	1,974,354	1,881,248	2,399,885	1,675,025	1,443,041	925,886	884,801	846,778
Public safety and judicial	8,668,216	8,314,308	8,019,618	7,541,195	7,048,447	6,906,022	7,502,776	6,366,694	6,493,918	7,290,772	6,111,212	6,171,545	5,317,541	4,945,534	4,727,205
Education	20,928,096	21,413,573	20,520,932	19,193,800	17,881,193	16,576,114	14,747,204	14,248,479	14,024,704	13,480,872	13,248,411	11,789,587	9,478,352	8,812,494	8,085,127
City University	819,408	816,147	725,065	658,075	595,610	564,146	581,655	508,887	456,417	428,480	401,974	398,177	376,943	363,997	354,056
Social services	11,845,951	12,438,116	12,242,222	12,575,788	11,150,695	10,186,977	10,386,332	9,762,125	9,401,895	9,203,914	8,878,962	8,468,165	7,891,625	7,785,697	7,748,606
Environmental protection	5,397,833	5,639,188	5,129,731	4,583,582	4,023,264	3,771,669	3,544,814	3,442,433	3,053,724	2,824,480	2,536,507	2,313,180	1,241,171	1,266,500	1,116,699
Transportation services	2,176,070	2,379,371	2,272,385	2,001,000	1,848,570	1,737,059	1,902,688	1,801,729	2,201,392	1,593,460	1,605,359	1,669,896	682,994	758,849	600,769
Parks, recreation and cultural activities	1,317,125	1,267,509	1,276,999	1,014,037	904,723	759,653	660,255	645,100	653,990	674,602	573,058	550,587	264,787	259,588	235,795
Housing	1,118,070	1,242,741	1,209,793	1,182,201	1,077,223	1,180,859	854,912	808,268	738,366	820,668	891,532	722,770	429,861	443,553	455,585
Health (including payments to HHC)	1,932,878	1,945,901	2,075,921	1,793,468	2,518,738	3,027,475	2,808,769	2,506,602	2,356,544	2,242,730	2,019,510	1,852,857	1,650,989	1,552,726	1,448,483
Libraries	362,729	300,733	413,773	291,693	367,918	313,457	423,990	285,317	386,856	158,450	399,615	253,468	212,243	202,050	107,577
Pensions	6,842,573	6,631,325	6,264,914	5,616,289	4,726,200	3,878,950	3,233,826	2,308,370	1,630,581	1,391,896	1,127,129	615,085	1,342,415	1,408,604	1,318,556
Judgments and claims	664,073	568,246	623,192	625,395	564,037	516,801	590,294	591,001	626,916	521,834	594,846	490,669	424,305	386,127	326,293
Fringe benefits and other benefit payments	3,846,135	3,733,084	3,524,852	3,956,861	4,846,211	4,154,015	2,947,681	2,755,010	2,606,860	2,426,143	2,200,117	2,065,166	1,824,980	1,811,089	1,732,249
Administrative and other	60,696	(521,256)	326,398	477,658	405,011	308,927	1,225,044	514,007	517,027	400,036	337,510	(19,270)	161,085	377,837	274,666
Capital Projects	-	-	-	-	-	-	-	-	-	-	-	-	4,840,520	4,151,385	3,858,578
Debt Service:
Interest	2,903,434	2,648,952	2,484,015	2,582,324	2,426,572	2,378,802	2,083,463	2,108,948	2,004,513	1,959,370	2,027,356	1,874,806	1,759,820	1,723,787	1,775,053
Redemptions	2,389,077	2,191,705	1,879,676	2,308,208	3,213,987	2,551,132	2,016,317	2,047,572	1,901,925	1,797,343	1,709,428	1,498,540	1,274,217	1,295,426	1,329,141
Lease Payments	145,336	53,562	174,523	158,482	309,612	228,846	204,654	134,597	188,990	107,285	94,369	154,626	83,847	171,704	93,987
Refunding Escrow	-	-	-	-	-	-	-	3,050	4,449	3,804	46,182	16,818	107,042	302,506	166,030
Total expenditures	74,720,564	74,762,937	72,781,376	70,552,709	66,591,287	61,239,309	58,819,830	52,812,543	51,130,315	49,726,024	46,478,102	42,329,713	40,290,623	38,904,254	36,601,233
Deficiency of revenues over expenditures	(6,157,897)	(8,684,908)	(8,460,249)	(4,624,612)	(3,666,557)	(4,322,602)	(3,494,957)	(3,274,964)	(6,037,611)	(7,182,045)	(4,284,260)	(2,955,629)	(2,153,667)	(2,829,758)	(1,438,228)
Other Financing Sources (Uses):
Transfers from General Fund	4,585,836	3,594,946	2,154,918	5,421,706	5,660,573	4,388,072	4,444,647	4,431,161	1,274,811	825,039	2,848,703	3,800,110	3,655,289	3,511,188	4,306,888
Transfers from (to) Nonmajor Capital Project Funds	22,136	3,218,777	2,445,113	1,811,340	2,498,101	(1,500)	11,703	(5,068)	1,778,798	457,832	56,847	115,730	-	-	-
Transfers from Component Unit, net	-	-	-	-	-	-	-	-	-	-	29,280	25,397	26,906	26,869	26,208
Proceeds from sale of bonds	6,567,525	7,036,630	7,751,000	4,125,400	6,160,710	3,405,000	7,017,685	4,315,307	6,449,607	3,775,552	2,844,665	3,125,230	3,609,732	2,686,701	2,522,343
Bond premium	315,473	404,415	98,498	155,919	334,192	141,000	381,464	49,902	99,167	-	-	-	-	-	-
Capitalized leases	139,026	14,977	26,237	16,743	45,265	14,191	835,900	204,652	41,918	563,376	55,251	328,686	146,634	68,642	40,788
Income from sale of rate cap	-	-	-	-	-	-	-	-	-	23,092	-	-	-	-	-
Refunding bond proceeds	2,652,380	3,781,330	669,370	3,956,945	1,449,230	3,364,784	3,934,629	4,348,174	4,932,380	1,157,242	1,147,335	65,828	2,050,139	5,489,898	6,369,678
Transfers to Capital Projects Fund	(3,979,583)	(3,147,139)	(2,321,950)	(1,656,409)	(2,683,609)	(200,000)	-	-	-	-	-	(182,000)	-	-	-
Transfers to General Debt Service Fund, net	(3,483,767)	(2,949,702)	(1,414,067)	(5,207,378)	(4,019,580)	(4,280,812)	(3,816,394)	(3,523,859)	(2,117,058)	(1,254,402)	(2,868,184)	(3,148,774)	(3,263,846)	(2,727,444)	(4,028,784)
Transfers from (to) Nonmajor Debt Service Funds, net	(1,167,030)	(716,882)	(864,014)	(369,259)	(1,455,485)	94,240	(639,956)	(902,234)	(936,551)	(28,469)	(37,366)	(585,066)	(391,443)	(783,744)	(278,104)
Payments to refunded bond escrow holder	(2,976,451)	(4,099,077)	(711,336)	(4,045,690)	(1,544,054)	(3,338,587)	(5,832,243)	(4,093,285)	(4,918,984)	(1,157,242)	(1,147,335)	(65,828)	(2,050,139)	(5,489,898)	(6,369,678)
Transferable development rights installment purchase agreement	-	-	(33,333)	(33,333)	102,345	-	-	-	-	-	-	-	-	-	-
Total other financing sources	2,675,545	7,138,275	7,800,436	4,175,984	6,547,688	3,586,388	6,337,435	4,824,750	6,604,088	4,362,020	2,929,196	3,479,313	3,783,272	2,782,212	2,589,339
Net changes in fund balances (deficit)	$ (3,482,352)	$ (1,581,759)	$ (659,813)	$ 448,628	$ 2,881,131	$ (736,214)	$ 2,842,478	$ 1,549,786	$ 566,477	$ (2,820,025)	$ (1,355,064)	$ 523,684	$ 1,629,605	$ (47,546)	$ 1,151,111
Total Debt Service as a percent of Net Outlay:
Debt Service:
Interest	$ 2,903,434	$ 2,648,952	$ 2,484,015	$ 2,582,324	$ 2,426,572	$ 2,378,802	$ 2,083,463	$ 2,108,948	$ 2,004,513	$ 1,959,370	$ 2,027,356	$ 1,874,806	$ 1,759,820	$ 1,723,787	$ 1,775,053
Redemptions	2,389,077	2,191,705	1,879,676	2,308,208	3,213,987	2,551,132	2,016,317	2,047,572	1,901,925	1,797,343	1,709,428	1,498,540	1,274,217	1,295,426	1,329,141
Lease payments	145,336	53,562	174,523	158,482	309,612	228,846	204,654	134,597	188,990	107,285	-	-	-	-	-
Total Debt Service	$ 5,437,847	$ 4,894,219	$ 4,538,214	$ 5,049,014	$ 5,950,171	$ 5,158,780	$ 4,304,434	$ 4,291,117	$ 4,095,428	$ 3,863,998	$ 3,736,784	$ 3,373,346	$ 3,034,037	$ 3,019,213	$ 3,104,194
Total Expenditures (Governmental Funds)	$ 74,720,564	$ 74,762,937	$ 72,781,376	$ 70,552,709	$ 66,591,287	$ 61,239,309	$ 58,819,830	$ 52,812,543	$ 51,130,315	$ 49,726,024	$ 46,478,102	$ 42,329,713	$ 40,290,623	$ 38,904,254	$ 36,601,233
Less Capital Outlays
(Capital Fund Expenditures)	5,452,333	5,783,049	5,843,732	5,542,866	6,162,674	3,522,523	3,110,766	2,901,369	3,567,561	4,561,073	5,318,236	4,842,614	4,840,320	4,151,385	3,858,578
Net Outlay	$ 69,268,231	$ 68,979,888	$ 66,937,644	$ 65,009,843	$ 60,428,613	$ 57,716,786	$ 55,709,064	$ 49,911,174	$ 47,562,754	$ 45,164,951	$ 41,159,866	$ 37,487,099	$ 35,450,303	$ 34,752,869	$ 32,742,655
Total Debt Service as a percent of Net Outlay	7.85%	7.1%	6.78%	7.77%	9.85%	8.94%	7.73%	8.6%	8.61%	8.56%	9.08%	9%	8.56%	8.69%	9.48%

Source: Comprehensive Annual Financial Reports of the Comptroller.

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