Analysis of Operating Expenses in New York City's Fiscal Year 1978 Capital Budget
GGD-78-13
Published: Nov 15, 1977. Publicly Released: Nov 15, 1977.
Skip to Highlights
Highlights
The operating expenses contained in New York City's fiscal year 1978 capital budget are understated but only by a relatively small amount. This amount was determined using a strict interpretation of the criteria, which are more strict than many municipalities might currently be following. However, in view of the current fiscal problems of the city and its need to restore investor confidence, it is in the city's best interest to apply strict criteria in determining whether budget items are valid capital outlays or operating expenses.
Full Report
Office of Public Affairs
Topics
AuditsBudgetsFinancial analysisFinancial managementMunicipal budgetsState lawExpenditure of fundsBudgetingAccounting standardsUnit cost