November 07, 2006


To:      Members of the Comprehensive Financial Monitoring Task Force 

From:  Susan Olds  

Re:      October Financial Status Report

The final Financial Status Report for FY2006 is available for viewing at Financial Status Report, for printing (October FSR) and in (downloadable Excel format).  Included in this report are final budget, expenditure and headcount data, along with historical year-end charts.  A snapshot of the FY2007 budget and year-to-date expenditure condition is also included.   

On an overall basis, the Department closed fiscal year 2006 with an operating surplus of $4.7 million against the adjusted budget.  During the closing process, the City Council approved MN-9, which increased DOE funding by $28.3 million to cover DC37 and UFT collective bargaining related needs.

The next FSR update to FY2007 will be issued in early December. 

            Thank you. 

     c: Joel I. Klein                                                                                           Chancellor's Senior Staff                                                                                   Division of Budget Operations and Review Senior Staff
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