ny-gov/summary-financial-information-for-local-cgg6-2ah8

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  • public authorities

Summary Financial Information for Local Authorities

Summary Financial Information for Local Authorities

Public authorities are required by Section 2800 of Public Authorities Law to submit annual reports to the Authorities Budget Office that includes summary financial information. The dataset consists of information from the statement of net assets and the statement of revenues, expenses and change in net assets reported by Local Authorities beginning with fiscal years ending in 2011.

Columns

NameSocrata field nameColumn name in sgr mountData typeDescription
Net Assets (Deficit) At End Of Yearnet_assets_deficit_at_end_of_yearnet_assets_deficit_at_end_of_yearNumberNet assets (deficit) beginning of year plus the change in net assets and other net assets changes.
Other Net Assets Changesother_net_assets_changesother_net_assets_changesNumberChanges in net assets that are not reflected in the categories provided.
Net Assets (Deficit) Beginning Of Yearnet_assets_deficit_beginning_of_yearnet_assets_deficit_beginning_of_yearNumberNet assets at the beginning of the year (this amount is carried forward from the prior reporting period).
Change In Net Assetschange_in_net_assetschange_in_net_assetsNumberIncome (Loss) Before Contributions plus Capital Contributions
Capital Contributionscapital_contributionscapital_contributionsNumberGrants or outside contributions of resources restricted to capital acquisition or construction.
Income (Loss) Before Contributionsincome_loss_before_contributionsincome_loss_before_contributionsNumberOperating Income (loss) plus total non-operating revenue minus total non-operating expenses.
Total Non-Operating Expensestotal_nonoperating_expensestotal_nonoperating_expensesNumberSum of interest and other financing charges, subsidies to other public authorities, grants and donations, and other non-operating expenses.
Other Non-Operating Expensesother_nonoperating_expensesother_nonoperating_expensesNumberOther miscellaneous non-operating expenditures incurred by the authority that are not reflected in the categories provided are to be included here.
Grants And Donationsgrants_and_donationsgrants_and_donationsNumberThese consist of assistance awards paid by the authority to another entity such as a municipality for a specific program purpose.
Subsidies To Other Public Authoritiessubsidies_to_other_public_authoritiessubsidies_to_other_public_authoritiesNumberContributions made to other public authorities in the form of a grant or transfer of funds.
Interest And Other Financing Chargesinterest_and_other_financing_chargesinterest_and_other_financing_chargesNumberInterest payments on loans and other obligations of the authority. This category includes expenses for issuing debt, such as fees for underwriters and bond counsel.
Total Non-Operating Revenuetotal_nonoperating_revenuetotal_nonoperating_revenueNumberSum of investment earnings, state subsidies/grants, federal subsidies/grants, municipal subsidies/grant, public authority subsidies, and other non-operating revenues.
Other Non-Operating Revenuesother_nonoperating_revenuesother_nonoperating_revenuesNumberAny other non-operating revenues recognized by the authority that are not reflected in the categories provided.
Public Authority Subsidiespublic_authority_subsidiespublic_authority_subsidiesNumberRevenue received from another public authority in the form of a subsidy or grant.
Municipal Subsidies / Grantsmunicipal_subsidies_grantsmunicipal_subsidies_grantsNumberFunds provided to the authority by a Municipal grant or subsidy.
Federal Subsidies / Grantsfederal_subsidies_grantsfederal_subsidies_grantsNumberFunds provided to the authority by a Federal grant or subsidy.
State Subsidies / Grantsstate_subsidies_grantsstate_subsidies_grantsNumberThese include State contributions received in the form of funds provided to the authority by a State grant or subsidy.
Investment Earningsinvestment_earningsinvestment_earningsNumberAll income earned by the authority through investment activities. This includes interest earned from investments and bank accounts, among other sources.
Operating Income (Loss)operating_income_lossoperating_income_lossNumberTotal operating revenue minus total operating expenses.
Total Operating Expensestotal_operating_expensestotal_operating_expensesNumberSum of salaries and wages, other employee benefits, professional service contracts, supplies and materials, depreciation and amortization, and other operating expenses.
Other Operating Expensesother_operating_expensesother_operating_expensesNumberThese can include other costs incurred by the authority while carrying out its mission such as fixed charges. Fixed charges are periodic in nature and do not vary with the authority’s business volume. Items such as gas and electric, administrative costs, costs for rent or mortgage payments can be included here.
Depreciation And Amortizationdepreciation_and_amortizationdepreciation_and_amortizationNumberDepreciation and amortization represent the allocation of the cost of a long-term asset to an expense over the useful life of the asset. Depreciation expense is for tangible assets while amortization expense is for intangible assets.
Supplies And Materialssupplies_and_materialssupplies_and_materialsNumberPayments for items that are used as part of the authority’s normal operations. This does not include (a) goods that have been acquired for use in constructing real property, (b) stockpile materials, and (c) inventory.
Professional Services Contractsprofessional_services_contractsprofessional_services_contractsNumberPayments for work performed by an independent contractor or consultant requiring specialized knowledge, experience, expertise or similar capabilities. Common examples of contractual services are auditing and accounting services, legal services, or advertising and marketing services.
Other Employee Benefitsother_employee_benefitsother_employee_benefitsNumberCompensation due to an employee pursuant to a written contract or written policy for holiday, time off for sickness, injury, personal reasons or vacation, bonuses, authorized expenses incurred during the course of employment, and contributions made on behalf of an employee towards health insurance and premiums. This category includes fringe benefits and allowances that are payments made by the authority for housing, relocation or transportation of employees which may or may not be paid directly to the employee.
Salaries And Wagessalaries_and_wagessalaries_and_wagesNumberSalaries and related payroll expenses paid to the employees of the authority.
Total Operating Revenuetotal_operating_revenuetotal_operating_revenueNumberSum of charges for services, rental and financing income, and other operating revenue
Other Operating Revenuesother_operating_revenuesother_operating_revenuesNumberAny other operating revenues recognized by the authority that are not reflected in the categories provided.
Rental And Financing Incomerental_and_financing_incomerental_and_financing_incomeNumberThis is revenue received by the authority from renting property/premises to which the authority holds the title, as well as interest received from loans and financing income.
Charges For Servicescharges_for_servicescharges_for_servicesNumberThe primary revenue source generated from the services provided by the authority. This could include fees, toll collections, usage charges, etc.
Total Net Assetstotal_net_assetstotal_net_assetsNumberSum of investment in capital assets net of related debt, restricted net assets and unrestricted net assets.
Unrestricted Net Assetsunrestricted_net_assetsunrestricted_net_assetsNumberThis is the portion of the Authority’s Net Assets that is not restricted for use by legal or contractual requirements and may be used for any authority purpose, operational, or otherwise.
Restricted Net Assetsrestricted_net_assetsrestricted_net_assetsNumberThis is the portion of the authority’s Net Assets for which the use is subject to external restrictions imposed by creditors (such as debt covenants), grantors, contributors, or government laws or regulations.
Invested In Capital Assets, Net Of Related Debtinvested_in_capital_assets_net_of_related_debtinvested_in_capital_assets_net_of_related_debtNumberThis is the authority’s Capital Assets net of any outstanding debt for which the proceeds were invested in the capital assets. This reflects the portion of net assets that are comprised of capital assets, such as land, infrastructure, or buildings.
Total Liabilitiestotal_liabilitiestotal_liabilitiesNumberSum of total current liabilities and total noncurrent liabilities
Total Noncurrent Liabilitiestotal_noncurrent_liabilitiestotal_noncurrent_liabilitiesNumberSum of noncurrent pension contribution payable, noncurrent OPEB, noncurrent bonds and notes payable, long term leases, and other long-term obligations.
Other Long-Term Obligationsother_long_term_obligationsother_long_term_obligationsNumberOther long term obligations are those liabilities that are not reflected in the above categories and are not due to be paid within one year.
Long term leaseslong_term_leaseslong_term_leasesNumber
Other post-employment benefits (noncurrent)other_post_employment_benefits_noncurrentother_post_employment_benefits_noncurrentNumberThis consists of that portion of required post-employment benefits to be paid by the authority that is not due to be paid within one year.
Pension Contribution Payable (oncurrent)pension_contribution_payable_noncurrentpension_contribution_payable_noncurrentNumberThis consists of the portion of the authority’s pension contribution payments that are not due to be paid within one year.
Total Current Liabilitiestotal_current_liabilitiestotal_current_liabilitiesNumberSum of accounts payable, current pension contribution payable, current OPEB, accrued liabilities, deferred revenues, current bonds and notes payable, and other long-term obligation due within one year.
Other Long-Term Obligations Due Within One Yearother_long_term_obligations_due_within_one_yearother_long_term_obligations_due_within_one_yearNumberThis consists of liabilities that are not reflected in the categories provided, such as obligations for long term leases.
Bonds And Notes Payable (Current)bonds_and_notes_payable_currentbonds_and_notes_payable_currentNumberThis consists of income for which cash has been collected by the authority, but it is still to be ‘earned’ in the authority’s books of accounts. For example: Assuming that an authority’s fiscal year ends on June 30th; if a customer pays the authority an annual licensing fee on January 1st, one-half of the fee would be reflected as deferred revenue, since it applies to July 1 through December 31.
Deferred Revenuesdeferred_revenuesdeferred_revenuesNumberThis consists of income for which cash has been collected by the authority, but it is still to be ‘earned’ in the authority’s books of accounts. For example: Assuming that an authority’s fiscal year ends on June 30th; if a customer pays the authority an annual licensing fee on January 1st, one-half of the fee would be reflected as deferred revenue, since it applies to July 1 through December 31.
Accrued Liabilitiesaccrued_liabilitiesaccrued_liabilitiesNumberPensions are a qualified retirement plan provided by the authority to allow its employees to receive post-retirement benefits, consisting of some form of compensation to be received by the employee after he/she has retired. Pension Contribution Payable is the amount owed by the authority to a pension trust fund and payable within the next year.
Other Assets (Current)other_assets_currentother_assets_currentNumberAll other current assets that are not represented in the above categories should be reflected here, for example, inventory.
Receivables, Netreceivables_netreceivables_netNumberThis represents interest receivable on investments, accrued subsidies and other income, and money owed to the authority by other parties for services that have been provided by the authority, and is expected to be received within the next year.
InvestmentsinvestmentsinvestmentsNumberThese are securities or other assets that are purchased with the expectation of realizing income or profit.
Cash And Cash Equivalentscash_and_cash_equivalentscash_and_cash_equivalentsNumberDate of Fiscal Year end for the Authority
Fiscal Year End Datefiscal_year_end_datefiscal_year_end_dateCalendar dateDate of Fiscal Year end for the Authority
Authority Nameauthority_nameauthority_nameTextName of the Public Authority.
Bonds And Notes Payable (Noncurrent)bonds_and_notes_payable_noncurrentbonds_and_notes_payable_noncurrentNumberThese consist of the authority’s long-term outstanding bank loans and other long-term borrowings from financial institutions or commercial paper that are not due to be paid within one year.
Other Post-Employment Benefits (Current)other_post_employment_benefits_currentother_post_employment_benefits_currentNumberOther Post-Employment Benefits (OPEB) refers to benefits other than pension benefits. OPEB consists primarily of health care benefits, but may also include other benefits such as life insurance, or other types of compensation provided after an employee leaves the authority’s service. This category consists of that portion of required post-employment benefits to be paid by the authority that will be paid within the next year.
Pension Contribution Payable (Current)pension_contribution_payable_currentpension_contribution_payable_currentNumberPensions are a qualified retirement plan provided by the authority to allow its employees to receive post-retirement benefits, consisting of some form of compensation to be received by the employee after he/she has retired. Pension Contribution Payable is the amount owed by the authority to a pension trust fund and payable within the next year.
Accounts Payableaccounts_payableaccounts_payableNumberThe amount owed to vendors for products and services purchased on credit. It is a current liability since the expectation is that the authority will fulfill this liability in less than a year.
Total Assetstotal_assetstotal_assetsNumberSum of total current assets and total noncurrent assets .
Total Noncurrent Assetstotal_noncurrent_assetstotal_noncurrent_assetsNumberSum of restricted cash and investments, net long term receivables, other noncurrent assets, and net capital assets.
Net Capital Assetsnet_capital_assetsnet_capital_assetsNumberSum of land and other non-depreciable property, buildings and equipment, and infrastructure minus accumulated depreciation.
Accumulated Depreciationaccumulated_depreciationaccumulated_depreciationNumberDepreciation expense represents the allocation of the depreciable cost of a capital asset over its lifetime, charging a share of its cost into each year that the asset is used by the authority. Accumulated depreciation is therefore the total amount of depreciation related to a fixed asset that has been added up over the years the organization has owned the asset; it represents the total costs associated with the wear and tear or obsolescence of the fixed asset to date.
InfrastructureinfrastructureinfrastructureNumberInfrastructure assets are long-lived capital assets that normally remain stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets. Examples of infrastructure assets include roads, bridges, tunnels, water and sewer systems, dams and lighting systems.
Buildings And Equipmentbuildings_and_equipmentbuildings_and_equipmentNumberBuildings and Equipment are depreciable capital assets having useful lives that extend beyond the year in which they are purchased. Buildings consist of properties and premises for which the authority holds legal title. Equipment consists of machines or major tools necessary for the authority to perform its operations.
Land And Other Non-depreciable Propertyland_and_other_nondepreciable_propertyland_and_other_nondepreciable_propertyNumberThis includes land and land preparation costs of the authority that cannot be depreciated. Land is recorded at acquisition cost, including ancillary charges or estimated fair market value plus ancillary charges at the date of acquisition if donated.
Other Assets (Noncurrent)other_assets_noncurrentother_assets_noncurrentNumberOther non-current assets that are not reflected in the categories provided other than Capital Assets.
Long-Term Receivables, Netlong_term_receivables_netlong_term_receivables_netNumberThis represents the portion of net receivables not expected to be collected within one year.
Restricted Cash And Investmentsrestricted_cash_and_investmentsrestricted_cash_and_investmentsNumberThis consists of cash and certain investments for which the use is subject to external restrictions imposed by creditors (such as debt covenants), grantors, contributors, government laws or regulations.
Total Current Assetstotal_current_assetstotal_current_assetsNumberSum of cash and cash equivalents, investments, net receivables, and other current assets.

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