STATE OF NEW YORK OFFICE OF THE STATE COMPTROLLER DIVISION OF MANAGEMENT AUDIT AND STATE FINANCIAL SERVICES BUREAU OF ACCOUNTING OPERATIONS

Transcription

1 OFFICE OF THE STATE COMPTROLLER DIVISION OF MANAGEMENT AUDIT AND STATE FINANCIAL SERVICES BUREAU OF ACCOUNTING OPERATIONS Comptroller s Monthly Report To The Legislature On State Funds Cash Basis of Accounting (Pursuant to Sec. 8(9-a) of the State Finance Law) OCTOBER 2002 H. CARL McCALL STATE COMPTROLLER

2 GOVERNMENTAL FUNDS CASH RECEIPTS, DISBURSEMENTS AND CHANGES IN FUND BALANCES (in millions) EXHIBIT A RECEIPTS: GENERAL SPECIAL REVENUE DEBT SERVICE CAPITAL PROJECTS TOTAL GOVERNMENTAL FUNDS MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2001 Personal Income Tax (6) $779.0 $11,295.8 $628.0 $808.0 $259.6 $2,202.5 $ -- $ -- $1,666.6 $14,306.3 $1,713.5 $18,337.0 Consumption/Use Taxes and Fees (5) , , , ,125.3 Business Taxes , , ,657.4 Other Taxes Miscellaneous Receipts (8) , , , , , ,559.6 Federal Grants , , , , , ,666.0 Total Receipts 1, , , , , , , , , ,995.4 DISBURSEMENTS: Local Assistance Grants: General Purpose Education , , , , ,631.2 Social Services (4) , , , , , , ,816.3 Health and Environment , , ,458.4 Mental Hygiene Transportation , Criminal Justice SEMO and Disaster Assistance Miscellaneous Total Local Assistance Grants 1, , , , , , , ,145.6 Departmental Operations: Personal Service , , , ,622.6 Non-Personal Service , , , ,617.7 General State Charges , , ,868.3 Debt Service, Including Payments on Financing Agreements (2) , , ,987.3 Capital Projects (3) , , ,199.8 Total Disbursements 2, , , , , , , , , ,441.3 Excess (Deficiency) of Receipts over Disbursements (913.8) (1,855.0) (7.9) (162.0) , (464.1) ,554.1 OTHER FINANCING SOURCES (USES): Bond Proceeds (net) Transfers from Other Funds (1) , , , , ,334.0 Transfers to Other Funds (1) (86.0) (1,723.4) (62.2) (1,168.0) (679.4) (4,808.6) (59.9) (645.0) (887.5) (8,345.0) (719.4) (5,347.2) Total Other Financing Sources (Uses) , (535.3) (2,240.4) (15.8) (312.9) (1.9) (43.7) (13.0) 79.8 Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (523.8) (85.4) 87.2 (8.1) (311.6) (466.0) ,633.9 Beginning Fund Balances (Deficit) (7) 1, , , , (570.9) (267.4) 2, , , ,641.3 Ending Fund Balances (Deficit) $1,211.1 $1,211.1 $1,360.2 $1,360.2 $256.2 $256.2 ($579.0) ($579.0) $2,248.5 $2,248.5 $8,275.2 $8,275.2

3 GOVERNMENTAL FUNDS FOOTNOTES Exhibit A Notes October Operating transfers constitute legally authorized transfers from a fund 2. Total debt service disbursements include: receiving revenues to a fund through which disbursements will ultimately - Principal and interest on general obligation bonds $298.3 million be made. - Lease-purchase/contractual obligation payments 1,459.1 The more significant transfers include the General Fund transfers "To" 3. Certain disbursements from Capital Projects Funds are financed by operating the State Capital Projects Fund ($321.3m), the General Debt Service Fund transfers from other funds, proceeds of State bonds and notes, and reimbursements ($916.8m), the Court Facilities Incentive Aid Fund ($41.1m), the SUNY Income received from Public Authorities and the Federal Government. Fund ($50.6), the Banking Services Fund ($42.1m) and the Community Provider Assistance Program Fund ($100.0m). The amounts shown below represent disbursements to be reimbursed in future months from the sources indicated: Also included in General Fund transfers are transfers representing State bond and note proceeds $100.8 million payments for patients residing in State-operated Health, Mental Hygiene Urban Development Corporation (Youth Facilities) 8.7 and State University facilities to Debt Service Funds ($18.9m) and Special Urban Development Corporation (Correctional Facilities) 70.5 Revenue Funds ($185.4m). Housing Finance Agency (HFA) Dormitory Authority (MCFFA) In Special Revenue Funds, Transfers "To" Other Funds includes transfers to Debt Dormitory Authority (Health Facilities) 26.2 Service Funds ($1,120.4m) representing the federal share of Medicaid payments Dormitory Authority and State University Income Fund 62.7 for patients residing in State-operated Health and Mental Hygiene facilities and ($19.7m) Federal Capital Projects from the SUNY Income Fund State University Hospital Income Reimbursable Account. 4. Special Revenue Federal Funds disbursements include the following payments made by Also included in Special Revenue Funds are transfers to the General Fund from the State which will be reimbursed by the Federal Government in November 2002: Miscellaneous State Special Revenue Fund ($11.6m). Federal USDA/Food and Consumer Services $ -- million Federal DHHS (Medicaid) In Debt Service Funds, Transfers "To" Other Funds includes transfers to Federal DHHS (All Other) -- the General Fund from the Local Government Assistance Tax Fund ($1,119.2m), Federal DHHS/Block Grant 1.1 the Clean Water/Clean Air Fund ($190.0m), the Emergency Highway Reconditioning Federal Education 11.2 and Preservation Fund ($37.0m) and the Emergency Highway Construction and Federal Miscellaneous Operating Grants -- Reconstruction Fund ($37.0m). Federal DOL Grants -- Also included in Debt Service Fund transfers are transfers to Special Revenue 5. General Fund receipts do not include $427.7 million of cigarette tax receipts which were Funds representing receipts in excess of lease-purchase obligations that are used to collected by the State and credited to the Tobacco Control and Insurance Initiatives Pool. finance a portion of the operating expenses for the Departments of Health ($54.7m), Mental Hygiene ($1,040.3m) and the State University ($120.5m). 6. A portion of personal income tax receipts are transfers to the State Special Revenue- School Tax Relief (STAR) Fund and used to reimburse school districts for the STAR Chapter 383 of the Laws of 2001 amended the SFL to establish the Revenue Bond property tax exemptions for homeowners. During September and October STAR Tax Fund within the Debt Service Fund Group. The act authorizes the Comptroller to payments totalling $180.0 million and $613.3 million were made and are included in deposit 25% of personal income tax withholdings to the Revenue Bond Tax Fund to satisfy Local Assistance Grants - Education. debt service requirements. The Comptroller is further authorized to transfer personal income tax receipts in excess of debt service requirements to General Fund. Transfers from 7. The April 1, 2001 cash balance for the Agency Funds (-) and General Fund (+) have been the Revenue Bond Tax Fund to the General Fund are $2,199.1m. adjusted to reflect the reclassification of the Fringe Benefit Escrow Fund. In Capital Projects Funds, Transfers "To" Other Funds includes transfers to the General Fund from the Environmental Protection Fund ($150.0m) and to the General Debt Service Fund ($490.4m).

4 Exhibit A Notes GOVERNMENTAL FUNDS FOOTNOTES (continued) October 2002 (continued) 8. Miscellaneous receipts in Governmental Funds include: GENERAL SPECIAL DEBT CAPITAL 7 Months Ended October 31 Increase/ FUND REVENUE SERVICE PROJECTS (Decrease) (amounts in millions) Abandoned and Unclaimed Property $ $ -- $ -- $ -- $ $ $ 95.5 Interest Earnings (268.9) Receipts from Public Authorities: Bond Issuance Fees Bond Proceeds to Reimburse Capital Spending Cost Recovery Assessments Dormitory Authority Housing Finance Agency State of NY Mortgage Agency SUNY Construction Fund (1.4) Thruway Authority (4.4) All Other Refunds and Reimbursements: SUNY Contracts and Grants Receipts from Municipalities Women, Infants and Children Rebates (1.7) HESC Student Loan Recoveries Admin Recoveries - Collection of Local Taxes (0.2) Indirect Cost Assessments All Other (2.3) Health Care Reform Act Transfers From: Health Care Initiatives Pool Loans from HCRA Pools Tobacco Control & Insurance Initiatives Pool Revenues of State Departments: Patient/Client Care Medical Care Provider Assessments , , Assessments against Regulated Industries (14.9) Student Tuition and Fees Rental on World Trade Center EPIC Premiums and Fees Rentals and Leases Miscellaneous Sales All Other Lottery Receipts: Education Administration Licenses and Fees Fines TOTAL $ 1,034.8 $ 5,397.9 $ $ $ 7,551.3 $ 5,559.6 $ 1,991.7

5 PROPRIETARY FUNDS COMBINED STATEMENT OF CASH RECEIPTS, DISBURSEMENTS AND CHANGES IN EQUITY (in millions) EXHIBIT B TOTAL PROPRIETARY FUNDS ENTERPRISE INTERNAL SERVICE (memorandum only) MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2001 RECEIPTS: Miscellaneous Receipts $5.5 $44.9 $46.0 $316.4 $51.5 $361.3 $44.0 $296.0 TOTAL RECEIPTS DISBURSEMENTS: Departmental Operations: Personal Service Non-Personal Service General State Charges Debt Service TOTAL DISBURSEMENTS EXCESS (DEFICIENCY) OF RECEIPTS OVER DISBURSEMENTS (3.1) (1.4) 16.0 (97.0) 12.9 (98.4) (17.4) (130.6) OTHER FINANCING SOURCES (USES): Transfers from Other Funds Transfers to Other Funds NET SOURCES (USES) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (3.1) (1.4) 18.1 (55.0) 15.0 (56.4) (4.8) (118.0) BEGINNING FUND EQUITY (DEFICITS) (174.6) (101.5) (153.9) (82.5) (178.5) (65.3) ENDING FUND EQUITY (DEFICITS) $17.6 $17.6 ($156.5) ($156.5) ($138.9) ($138.9) ($183.3) ($183.3)

6 EXHIBIT C TRUST FUNDS COMBINED STATEMENT OF CASH RECEIPTS, DISBURSEMENTS AND CHANGES IN FUND BALANCES (in millions) TOTAL TRUST FUNDS EXPENDABLE TRUST NONEXPENDABLE TRUST (memorandum only) MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2001 RECEIPTS: Miscellaneous Receipts $0.8 $11.8 $2.5 $19.7 $3.3 $31.5 $8.4 $33.7 Federal Grants Unemployment Taxes , , ,463.3 TOTAL RECEIPTS , , ,513.3 DISBURSEMENTS: Local Assistance Grants: Mental Hygiene Miscellaneous Departmental Operations: Personal Service Non-Personal Service General State Charges Unemployment Benefits , , ,454.8 Capital Projects TOTAL DISBURSEMENTS , , ,488.9 EXCESS (DEFICIENCY) OF RECEIPTS OVER DISBURSEMENTS (3.0) OTHER FINANCING SOURCES (USES): Transfers from Other Funds Transfers to Other Funds NET SOURCES (USES) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (3.0) BEGINNING FUND BALANCES ENDING FUND BALANCES $65.5 $65.5 $28.2 $28.2 $93.7 $93.7 $87.8 $87.8

7 BUDGETARY BASIS - FINANCIAL PLAN AND ACTUAL STATE FISCAL YEAR ENDED MARCH 31, 2003 FOR THE SEVEN (7) MONTHS ENDED OCTOBER 31, 2002 (amounts in millions) EXHIBIT "D" GENERAL FUND Financial Favorable Plan (Unfavorable) October 2002 Actual Variance OPENING CASH BALANCE-APRIL 1, 2002 $1,031.8 $1, RECEIPTS: Taxes: Personal Income Tax 13, ,295.8 (2,199.0) (1) Consumption/Use Taxes: Sales and Use Taxes 3, , Other Consumption/Use Taxes (5.3) Business Taxes 1, , Other Taxes Miscellaneous Receipts/Federal Grants 1, , Total Receipts 20, ,475.0 (2,203.8) DISBURSEMENTS: Local Assistance Grants 13, ,243.1 (0.2) Departmental Operations 5, , General State Charges 1, , Total Disbursements 20, ,330.0 (0.1) Excess (Deficiency) of Receipts Over Disbursements (1,855.0) (2,203.9) OTHER FINANCING SOURCES (USES): Transfers From Other Funds 1, , ,205.6 (1) Transfers To Other Funds (1,722.8) (1,723.4) (0.6) Total Other Financing Sources (Uses) (170.7) 2, ,205.0 Excess (Deficiency) of Receipts and Other Financing Sources Over Disbursements and Other Financing Uses CLOSING CASH BALANCE-OCTOBER 31, 2002 $1,210.0 $1,211.1 $1.1 (1) Variance represents a perspective difference in the accounting for personal income tax receipts which are required by statute to be credited to the Revenue Bond Tax Fund (RBTF). Consistent with past practices and generally accepted accounting principles of dedicated funds, personal income tax receipts that flow through the RBTF are reported as tax receipts of the debt service fund and any excess of debt service needs are transferred from the RBTF to the General Fund.

8 GOVERNMENTAL FUNDS COMPARATIVE SCHEDULE OF TAX RECEIPTS (amounts in millions) EXHIBIT E GENERAL SPECIAL REVENUE DEBT SERVICE CAPITAL PROJECTS TOTAL GOVERMENTAL FUNDS MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED MONTH OF 7 MO. ENDED OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2002 OCT OCT. 31, 2001 PERSONAL INCOME TAX Withholding $ 1,571.9 $ 10,502.3 $ -- $ -- $ -- $ -- $ -- $ -- $ 1,571.9 $ 10,502.3 $ 1,622.5 $ 10,573.6 Estimated payments , , ,205.0 Final returns , , ,748.8 Other Gross Receipts 1, , , , , ,769.4 Transfers to School Tax Relief Fund (628.0) (808.0) Transfers to Debt Reduction Reserve Fund Transfers to Revenue Bond Tax Fund (259.6) (2,202.5) , Refund Reserve Reduction (Increase) -- 1, , ,517.4 Less: Refunds Issued (86.2) (2,538.4) (86.2) (2,538.4) (78.5) (1,949.8) Total , , , , , ,337.0 CONSUMPTION / USE TAXES AND FEES Sales and Use , , , ,894.5 Auto Rental (1) Hotel / Motel Motor Vehicle Cigarette/Tobacco Products Motor Fuel Alcoholic Beverage Beverage Container Highway Use Alcoholic Beverage Control Licenses Total , , , ,125.3 BUSINESS TAXES Corporation Franchise Corporation and Utilities (3.5) (0.2) (3.7) Insurance Bank (9.3) (0.6) (9.9) Petroleum Business Lubricating Oil Total , , ,657.4 OTHER TAXES Real Property Gains (0.2) 4.1 Estate and Gift Pari-Mutuel Real Estate Transfer Racing and Exhibitions Total TOTAL TAX RECEIPTS $ 1,363.5 $ 17,436.0 $ $ 1,689.4 $ $ 3,729.5 $ $ 1,013.5 $ 2,680.6 $ 23,868.4 $ 2,863.8 $ 27,769.8 (1) Transfer Auto Use Tax from the General Fund to Highway and Bridge Trust Fund pursuant to Chapter 85, Part D, Laws of 2002.

9 GENERAL FUND STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT "F" 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE (1) $1,031.8 $3,800.0 $1,170.6 $1,736.7 $1,337.2 $997.9 $1,734.9 $1,031.8 $1,109.7 RECEIPTS: Personal Income Tax 4, , , , , , ,900.3 Consumption/Use Taxes and Fees (2)(3) , ,076.1 Business Taxes 57.0 (64.1) , ,826.2 Other Taxes Miscellaneous Receipts , Federal Grants (0.2) Total Receipts 5, , , , , , , , ,078.9 DISBURSEMENTS: Local Assistance Grants: General Purpose Education , , , ,885.9 Social Services , , , ,345.6 Health and Environment Mental Hygiene Transportation Criminal Justice SEMO and Disaster Assistance Miscellaneous Total Local Assistance Grants 1, , , , , , , , ,981.0 Departmental Operations: Personal Service , ,944.3 Non-Personal Service (1) , ,277.1 General State Charges (1) , ,707.2 Debt Service, Including Payments on Financing Agreements Total Disbursements 2, , , , , , , , ,909.6 Excess (Deficiency) of Receipts over Disbursements 2,999.6 (2,904.2) (4.9) (902.5) (760.5) (913.8) (1,855.0) 5,169.3 OTHER FINANCING SOURCES (USES): Transfers from Other Funds , ,234.3 Transfers to State Capital Projects (52.0) (32.1) (6.9) (36.9) (48.9) (101.7) (42.8) (321.3) (269.3) Transfers to General Debt Service (170.4) (161.6) (185.7) (30.5) (59.6) (278.7) (30.3) (916.8) (1,162.7) Transfers to All Other State Funds (195.6) (14.7) (35.1) (16.3) (25.4) (185.3) (12.9) (485.3) (224.4) Total Other Financing Sources (Uses) (231.4) ,034.3 (422.1) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses 2,768.2 (2,629.4) (399.5) (339.3) (523.8) ,747.2 CLOSING CASH BALANCE (3) $3,800.0 $1,170.6 $1,736.7 $1,337.2 $997.9 $1,734.9 $1,211.1 $0.0 $0.0 $0.0 $0.0 $0.0 $1,211.1 $5, (1) The April 2001 beginning cash balance and activity in Non-Personal Services and General State Charges reflects the reclassification of the Employee Fringe Benefits Escrow Fund to the General Fund Group. (2) Reported amount does not include cigarette taxes which, pursuant to statute, are credited to the Tobacco Control and Insurance Initiatives Pool (see Exhibit A - Note #5) (3) Cash Balance was adjusted to reflect transfer of Auto Usage Tax from the General Fund to the Highway and Bridge Trust Fund, Capital Projects Fund Group, pursuant to Chapter 85, Part D, Laws of 2002.

10 GENERAL FUND EXHIBIT " F " CASH FLOW SCHEDULE OF TAX RECEIPTS (page 2) FISCAL YEAR (in millions) PERSONAL INCOME TAX 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH Withholdings $1,605.3 $1,480.4 $1,449.4 $1,553.2 $1,444.2 $1,397.9 $1,571.9 $10,502.3 $10,573.6 Estimated payments 1, , ,205.0 Final returns 1, , ,748.8 Other 65.1 (43.9) Gross Receipts 4, , , , , , , , ,769.4 Transfers to School Tax Relief Fund (180.0) (628.0) (808.0) (186.7) Transfers to Debt Reduction Reserve Fund (250.0) Transfers to Revenue Bond Tax Fund -- (154.3) (534.4) (388.3) (357.3) (508.6) (259.6) (2,202.5) -- Refund reserve reduction (increase) 1, , ,517.4 Refunds issued (1,094.4) (876.4) (154.9) (102.8) (120.0) (103.7) (86.2) (2,538.4) (1,949.8) Total Personal Income Tax 4, , , , , , ,900.3 CONSUMPTION/USE TAXES AND FEES Sales and Use , ,497.4 Auto Rental (1) Hotel / Motel Motor Vehicle (38.8) (14.6) Cigarette/Tobacco Products Motor Fuel Alcoholic Beverage Beverage Container Highway Use Alcoholic Beverage Control Licenses Total Consumption/Use Taxes and Fees , ,076.1 BUSINESS TAXES Corporation Franchise 22.0 (54.5) Corporation and Utilities 2.4 (0.7) (3.5) Insurance 18.6 (5.1) Bank 14.0 (3.8) (12.2) (9.3) Petroleum Business Lubricating Oil Total Business Taxes 57.0 (64.1) , ,826.2 OTHER TAXES Real Property Gains Estate and Gift Pari-Mutuel Real Estate Transfer Racing and Exhibitions Total Other Taxes TOTAL TAX RECEIPTS $5,396.0 $962.7 $3,088.7 $1,875.7 $1,672.8 $3,076.6 $1,363.5 $0.0 $0.0 $0.0 $0.0 $0.0 $17,436.0 $24,217.9 (1) Transfer Auto Use Tax from the General Fund to Highway and Bridge Trust Fund pursuant to Chapter 85, Part D, Laws of 2002.

11 SPECIAL REVENUE FUNDS STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT "G" 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE $1,046.9 $1,544.6 $1,054.6 $1,414.6 $1,683.4 $320.9 $1,208.9 $1,046.9 $2,198.7 RECEIPTS: Personal Income Tax Consumption/Use Taxes and Fees Business Taxes Other Taxes Miscellaneous Receipts , , ,003.0 Federal Grants 2, , , , , , , , ,778.9 Total Receipts 2, , , , , , , , ,772.1 DISBURSEMENTS: Local Assistance Grants: Education , , ,744.2 Social Services 1, , , , , , , , ,445.2 Health and Environment , Mental Hygiene Transportation Criminal Justice SEMO and Disaster Assistance Miscellaneous Total Local Assistance Grants 2, , , , , , , , ,758.4 Departmental Operations: Personal Service , ,678.3 Non-Personal Service , ,337.4 General State Charges Capital Projects Total Disbursements 2, , , , , , , , ,938.9 Excess (Deficiency) of Receipts over Disbursements (523.9) (1,327.9) (7.9) (162.0) (166.8) OTHER FINANCING SOURCES (USES): Transfers from Other Funds , ,186.7 Transfers to Other Funds (94.1) (99.5) (248.4) (110.5) (328.5) (224.8) (62.2) (1,168.0) (1,033.8) Total Other Financing Sources (Uses) (86.9) 74.2 (34.6) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (490.0) (1,362.5) (13.9) CLOSING CASH BALANCE $1,544.6 $1,054.6 $1,414.6 $1,683.4 $320.9 $1,208.9 $1,360.2 $0.0 $0.0 $0.0 $0.0 $0.0 $1,360.2 $2,184.8

12 SPECIAL REVENUE FUNDS EXHIBIT "G" CASH FLOW SCHEDULE OF TAX RECEIPTS (page 2) FISCAL YEAR (in millions) 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH PERSONAL INCOME TAX $ -- $ -- $ -- $ -- $ -- $180.0 $628.0 $808.0 $186.7 Total Personal Income Tax CONSUMPTION/USE TAXES AND FEES Sales and Use Auto Rental Hotel / Motel Motor Vehicle Cigarette/Tobacco Products Motor Fuel Alcoholic Beverage Beverage Container Highway Use Alcoholic Beverage Control Licenses Total Consumption/Use Taxes and Fees BUSINESS TAXES Corporation Franchise 10.2 (0.5) Corporation and Utilities (0.2) Insurance (0.9) (2.7) Bank (1.6) (2.1) (0.6) Petroleum Business Lubricating Oil Total Business Taxes OTHER TAXES Real Property Gains Estate and Gift Pari-Mutuel Real Estate Transfer Racing and Exhibitions Total Other Taxes TOTAL TAX RECEIPTS $102.4 $69.9 $206.5 $106.0 $102.6 $395.6 $706.4 $0.0 $0.0 $0.0 $0.0 $0.0 $1,689.4 $990.2

13 DEBT SERVICE FUNDS STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT "H" 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE $169.0 $226.3 $241.8 $334.4 $305.0 $234.1 $341.6 $169.0 $421.8 RECEIPTS: Personal Income Tax , Consumption/Use Taxes and Fees Sales and Use , ,164.6 Motor Fuel Other Taxes Miscellaneous Receipts Total Receipts , ,009.2 DISBURSEMENTS: Departmental Operations: Non-Personal Service Debt Service, including payments on financing agreements , ,987.3 Total Disbursements , ,990.5 Excess (Deficiency) of Receipts over Disbursements , OTHER FINANCING SOURCES (USES): Transfers from Other Funds , ,631.5 Transfers to Other Funds (279.1) (454.6) (941.0) (751.0) (844.2) (859.3) (679.4) (4,808.6) (2,193.2) Total Other Financing Sources (Uses) 47.8 (136.4) (460.0) (551.6) (393.2) (211.7) (535.3) (2,240.4) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (29.4) (70.9) (85.4) CLOSING CASH BALANCE $226.3 $241.8 $334.4 $305.0 $234.1 $341.6 $256.2 $0.0 $0.0 $0.0 $0.0 $0.0 $256.2 $878.8

14 CAPITAL PROJECTS FUNDS STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT "I" 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE (DEFICITS) ($267.4) ($346.1) ($466.6) ($485.3) ($582.5) ($689.1) ($570.9) ($267.4) ($88.9) RECEIPTS: Consumption/Use Taxes and Fees Motor Vehicle Auto Rental (1) Motor Fuel Highway Use Business Taxes Petroleum Business Other Taxes Miscellaneous Receipts Federal Grants Total Receipts , ,135.2 DISBURSEMENTS: Local Assistance Grants: Education Social Services Health and Environment Mental Hygiene Transportation Miscellaneous Total Local Assistance Grants Departmental Operations: Personal Service Non-Personal Service General State Charges Capital Projects , ,196.1 Total Disbursements , ,602.3 Excess (Deficiency) of Receipts over Disbursements (73.6) (71.3) (92.5) (467.1) OTHER FINANCING SOURCES (USES): Bond Proceeds (net) Transfers from Other Funds Transfers to Other Funds (56.1) (206.1) (58.6) (58.3) (62.9) (143.1) (59.9) (645.0) (463.8) Total Other Financing Sources (Uses) (5.1) (173.9) (41.2) (25.9) (14.1) (36.9) (15.8) (312.9) (89.3) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (78.7) (120.5) (18.7) (97.2) (106.6) (8.1) (311.6) (556.4) CLOSING CASH BALANCE (DEFICITS) (2) ($346.1) ($466.6) ($485.3) ($582.5) ($689.1) ($570.9) ($579.0) $0.0 $0.0 $0.0 $0.0 $0.0 ($579.0) ($645.3) (1) The Auto Use Tax was transferred from the General Fund to the Highway and Bridge Trust Fund, Capital Projects Fund group, pursuant to Chapter 85, Part D, Laws of (2) Cash Balance was adjusted to reflect transfer of Auto Usage Tax pursuant to Chapter 85, Part D, Laws of 2002.

15 ENTERPRISE FUNDS STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT J 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE (DEFICITS) $19.0 $20.2 $22.3 $22.7 $23.8 $22.8 $20.7 $19.0 $16.8 RECEIPTS: Miscellaneous Receipts Total Receipts DISBURSEMENTS: Departmental Operations: Personal Service Non-Personal Service General State Charges Total Disbursements Excess (Deficiency) of Receipts over Disbursements (1.0) (2.1) (3.1) (1.4) 2.9 OTHER FINANCING SOURCES (USES): Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources (Uses) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (1.0) (2.1) (3.1) (1.4) 2.9 CLOSING CASH BALANCE $20.2 $22.3 $22.7 $23.8 $22.8 $20.7 $17.6 $0.0 $0.0 $0.0 $0.0 $0.0 $17.6 $19.7

16 INTERNAL SERVICE FUNDS STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT K 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE (DEFICITS) ($101.5) ($105.6) ($109.5) ($146.8) ($170.0) ($176.5) ($174.6) ($101.5) ($82.1) RECEIPTS: Miscellaneous Receipts Total Receipts DISBURSEMENTS: Departmental Operations: Personal Service Non-Personal Service General State Charges Debt Service, Including Payments on Financing Agreements Total Disbursements Excess (Deficiency) of Receipts over Disbursements (4.1) (5.5) (54.0) (23.6) (25.6) (0.2) (97.0) (133.5) OTHER FINANCING SOURCES (USES): Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources (Uses) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (4.1) (3.9) (37.3) (23.2) (6.5) (55.0) (120.9) CLOSING CASH BALANCE (DEFICITS) ($105.6) ($109.5) ($146.8) ($170.0) ($176.5) ($174.6) ($156.5) $0.0 $0.0 $0.0 $0.0 $0.0 ($156.5) ($203.0)

17 EXPENDABLE TRUST FUNDS STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT L Months Ended Oct. 31 APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE $46.4 $10.5 $23.5 $56.5 $44.4 $69.0 $61.0 $46.4 $36.1 RECEIPTS: Miscellaneous Receipts Federal Grants Unemployment Taxes , ,463.3 Total Receipts , ,495.4 DISBURSEMENTS: Local Assistance Grants: Miscellaneous Departmental Operations: Personal Service Non-Personal Service General State Charges Unemployment Benefits , ,454.8 Capital Projects (3.4) Total Disbursements , ,470.2 Excess (Deficiency) of Receipts over Disbursements (35.9) (12.1) 23.1 (8.0) OTHER FINANCING SOURCES (USES): Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources (Uses) Excess (Deficiency) of Receipts and Other Financing Sources Over Disbursements and Other Financing Uses (35.9) (12.1) 24.6 (8.0) CLOSING CASH BALANCE $10.5 $23.5 $56.5 $44.4 $69.0 $61.0 $65.5 $0.0 $0.0 $0.0 $0.0 $0.0 $65.5 $61.9

18 NONEXPENDABLE TRUST FUNDS STATEMENT OF CASH FLOW FISCAL YEAR (in millions) EXHIBIT M 7 Months Ended Oct APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH OPENING CASH BALANCE $23.8 $26.4 $27.5 $29.7 $31.5 $33.5 $31.2 $23.8 $26.7 RECEIPTS: Miscellaneous Receipts Federal Grants Total Receipts DISBURSEMENTS: Local Assistance Grants: Mental Hygiene Miscellaneous Departmental Operations: Personal Service Non-Personal Service Total Disbursements Excess (Deficiency) of Receipts over Disbursements (2.3) (3.0) (0.8) OTHER FINANCING SOURCES (USES): Transfers from Other Funds Transfers to Other Funds Total Other Financing Sources (Uses) Excess (Deficiency) of Receipts and Other Financing Sources over Disbursements and Other Financing Uses (2.3) (3.0) (0.8) CLOSING CASH BALANCE $26.4 $27.5 $29.7 $31.5 $33.5 $31.2 $28.2 $0.0 $0.0 $0.0 $0.0 $0.0 $28.2 $25.9

19 GOVERNMENTAL FUNDS SCHEDULE 1 SUMMARY OF CASH RECEIPTS, DISBURSEMENTS AND CHANGES IN FUND BALANCES FOR THE MONTH OF OCTOBER 2002 (amounts in millions) BALANCE OTHER FINANCING BALANCE 10/1/02 RECEIPTS DISBURSEMENTS SOURCES (USES) 10/31/02 GENERAL FUND 001-Local Assistance $ -- $ $ 1, $ 1, $ State Operations 1, , (1, ) Tax Stabilization Reserve Contingency Reserve Universal Pre-K Community Projects Fringe Benefits Escrow TOTAL GENERAL FUND 1, , , , , SPECIAL REVENUE FUNDS-GENERAL New York Interest on Lawyer Account Tuition Reimbursement Local Government Records Management Improvement School Tax Relief Charter Schools Stimulus Hudson River Valley Greenway Rehabilitative Alcohol & Substance Abuse Treatment HCRA Transfer Tobacco Transfer Indigent Care Dedicated Mass Transportation Trust State Lottery ( ) ( ) 300-Sewage Treatment Program Mgmt. & Administration EnCon Special Revenue Conservation Environmental Protection and Oil Spill Compensation (2.214) Training and Education Program on OSHA Lawyers' Fund for Client Protection Hazardous Waste Remedial (9.932) (2.057) (12.595) 313-Mass Transportation Operating Assistance Clean Air (0.814) New York State Infrastructure Trust Legislative Computer Services Biodiversity Stewardship and Research Rural Housing Assistance Miscellaneous State Special Revenue 1, , Court Facilities Incentive Aid Employment Training Homeless Housing and Assistance State University Income Substance Abuse Service Lake George Park Trust State Police Motor Vehicle Law Enforcement and Motor Vehicle Theft and Insurance Fraud Prevention

20 GOVERNMENTAL FUNDS SCHEDULE 1 SUMMARY OF CASH RECEIPTS, DISBURSEMENTS AND (continued) CHANGES IN FUND BALANCES FOR THE MONTH OF OCTOBER 2002 (amounts in millions) BALANCE OTHER FINANCING BALANCE 10/1/02 RECEIPTS DISBURSEMENTS SOURCES (USES) 10/31/02 SPECIAL REVENUE FUNDS-GENERAL (CONTINUED) 355-New York Great Lakes Protection $ $ $ $ -- $ Federal Revenue Maximization NYS/DOT Highway Safety Program Vocational Rehabilitation Drinking Water Program Management and Administration (0.296) (0.672) 368-NYC County Clerks' Operations Offset (4.497) (5.970) 369-Judiciary Data Processing Offset (3.955) (4.874) 377-IFR / CUTRA Racing Preservation Supplemental Jury Facilities USOC Lake Placid Training Unemployment Insurance Interest and Penalty TOTAL SPECIAL REVENUE FUNDS-GENERAL 1, , , , SPECIAL REVENUE FUNDS-FEDERAL 261-Federal USDA / Food and Consumer Services (10.535) Federal Health and Human Services ( ) 2, , (67.576) ( ) 267-Federal Education (9.926) (11.217) 269-Federal DHHS Block Grant (13.570) (1.109) 290-Federal Miscellaneous Operating Grants (12.607) (8.392) 480-Unemployment Insurance Administration Unemployment Insurance Occupational Training DOL Federal Grants TOTAL SPECIAL REVENUE FUNDS-FEDERAL ( ) 2, , (67.576) ( ) TOTAL SPECIAL REVENUE FUNDS 1, , , , DEBT SERVICE FUNDS 064-Debt Reduction Reserve State University Educational Facilities Mental Health Services ( ) General Obligation Debt Service ( ) Grade Crossing Elimination Debt Service State Housing Debt Service Department of Health Income (9.766) Emergency Highway Reconditioning & Preservation (4.804) State University Dormitory Income (21.674) Emergency Highway Construction & Reconstruction (4.804) Clean Water/Clean Air (42.873) Local Government Assistance Tax ( ) TOTAL DEBT SERVICE FUNDS $ $ $ $ ( ) $

21 GOVERNMENTAL FUNDS SCHEDULE 1 SUMMARY OF CASH RECEIPTS, DISBURSEMENTS AND (continued) CHANGES IN FUND BALANCES FOR THE MONTH OF OCTOBER 2002 (amounts in millions) BALANCE OTHER FINANCING BALANCE 10/1/02 RECEIPTS DISBURSEMENTS SOURCES (USES) 10/31/02 CAPITAL PROJECTS FUNDS 002-State Capital Projects $ -- $ $ $ $ Health Facilities Capital Improvement Dedicated Highway and Bridge Trust (35.167) ( ) ( ) 074-SUNY Residence Halls Rehabilitation and Repair New York State Canal System Development Parks Infrastructure (6.087) (1.559) 077-Passenger Facility Charge Environmental Protection Clean Water/Clean Air Implementation (7.383) (7.383) 080-Hudson River Park Energy Conservation Thru Improved Transportation Bond (0.040) Park & Recreation Land Acquisition Bond Pure Waters Bond Outdoor Recreation Development Bond Transportation Capital Facilities Bond Environmental Quality Protection Bond (0.054) Rail Preservation and Development Bond State Housing Bond Transportation Infrastructure Renewal Bond Environmental Quality Bond Act (3.172) Accelerated Capacity and Transportation Improvement Bond (0.199) Clean Water/Clean Air Bond (1.020) Federal Capital Projects ( ) (59.679) ( ) 310-Forest Preserve Expansion Pine Barrens Lake Champlain Bridges Suburban Transportation Division for Youth Facilities Improvement (11.624) (8.685) 358-Youth Centers Facility Housing Assistance (4.000) (4.000) 376-Housing Program ( ) ( ) 378-Natural Resource Damage DOT Engineering Services ( ) ( ) 384-State University Capital Projects Miscellaneous Capital Projects CUNY Capital Projects (1.596) (1.596) 389-Mental Hygiene Facilities Capital Improvement ( ) ( ) 399-Correction Facilities Capital Improvement ( ) (70.493) TOTAL CAPITAL PROJECTS FUNDS ( ) (15.887) ( ) TOTAL GOVERNMENTAL FUNDS $ 2, $ 6, $ 7, $ (2.098) $ 2,

22 SCHEDULE 2 PROPRIETARY FUNDS SUMMARY OF CASH RECEIPTS, DISBURSEMENTS AND CHANGES IN FUND EQUITY FOR THE MONTH OF OCTOBER 2002 (amounts in millions) ENTERPRISE FUNDS FUND OTHER FUND EQUITY FINANCING EQUITY FUND TYPE 10/1/02 RECEIPTS DISBURSEMENTS SOURCES (USES) 10/31/ Youth Commissary $ $ $ $ -- $ State Exposition Special (0.448) Correctional Services Commissary Correctional Services Family Benefit Agency Enterprise Mental Health Sheltered Workshop Mental Retardation Sheltered Workshop Mental Hygiene Community Stores Industrial Exhibit Authority TOTAL ENTERPRISE FUNDS INTERNAL SERVICE FUNDS 323-O.G.S. Centralized Services (32.476) (17.287) 334-Agency Internal Service ( ) ( ) 343-Mental Hygiene Revolving Youth Vocational Education Joint Labor/Management Administration Audit and Control Revolving (0.534) (0.690) 396-Health Insurance Revolving (23.298) (23.708) 397-Correctional Industries Revolving (4.961) (6.849) TOTAL INTERNAL SERVICE FUNDS ( ) ( ) TOTAL PROPRIETARY FUNDS $ ( ) $ $ $ $ ( )