Institutional Federal Compliance Report 2021

______________________________________________________________________________________________ STATE OF NEW YORK • 23

The net position deficit in unrestricted governmental activities, which decreased by $368 million in 2018, exists primarily because the State has issued debt for purposes not resulting in a capital asset related to State governmental activities and because of the obligation related to other postemployment benefits ($20 billion). Such outstanding debt included: eliminating the need for seasonal borrowing by the LGAC ($1.4 billion); and borrowing for local highway and bridge projects ($4.2 billion), local mass transit projects ($1.6 billion), and a wide variety of grants and other expenditures not resulting in State capital assets ($13.4 billion). This deficit in unrestricted net position of governmental activities can be expected to continue for as long as the State continues to have obligations outstanding for purposes other than the acquisition of State governmental capital assets. The net position for business-type activities decreased by $264 million (79.3 percent) to $69 million in 2018 as compared to $333 million in 2017. The decrease in net position for business-type activities was due to SUNY expenses exceeding revenues and State support ($569 million); CUNY Senior Colleges’ expenses exceeding revenues and State support ($67 million); and Lottery education aid transfers exceeding net income ($16 million). This was partially offset by employer contributions and other revenue exceeding unemployment benefit payments for the Unemployment Insurance Fund ($388 million). The following table (Table 2) was derived from the current and prior year government-wide Statements of Activities: Table 2 Changes in Net Position for the Fiscal Years Ended March 31, 2018 and 2017 (Amounts in millions) Governmental Business-Type Total Activities Activities* Primary Government 2018 2017 2018 2017** 2018 2017** Revenues: Program revenues: Charges for services . . . . . . . . . . . . . . . . . . $ 15,557 $ 15,164 $ 15,293 $ 14,565 $ 30,850 $ 29,729 Operating grants and contributions . . . . . . . 63,983 59,776 5,468 5,763 69,451 65,539 Capital grants and contributions . . . . . . . . . 1,436 1,766 61 31 1,497 1,797 General revenues: Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79,956 73,350 —00000 —00000 79,956 73,350 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,762 1,732 861 655 2,623 2,387 Total revenues . . . . . . . . . . . . . . . . . . . . 162,694 151,788 21,683 21,014 184,377 172,802 Expenses: Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,134 35,585 —00000 —00000 36,134 35,585 Public health . . . . . . . . . . . . . . . . . . . . . . . . . . 73,447 68,505 —00000 —00000 73,447 68,505 Public welfare . . . . . . . . . . . . . . . . . . . . . . . . . 14,006 15,263 —00000 —00000 14,006 15,263 Public safety . . . . . . . . . . . . . . . . . . . . . . . . . . 8,345 8,175 —00000 —00000 8,345 8,175 Transportation . . . . . . . . . . . . . . . . . . . . . . . . . 10,141 10,218 —00000 —00000 10,141 10,218 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,982 15,755 —00000 —00000 17,982 15,755 Lottery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 6,694 6,513 6,694 6,513 Unemployment insurance . . . . . . . . . . . . . . . . —00000 —00000 2,316 2,294 2,316 2,294 State University of New York . . . . . . . . . . . . . . —00000 —00000 11,499 11,204 11,499 11,204 City University of New York . . . . . . . . . . . . . . . —00000 —00000 3,521 3,659 3,521 3,659 Total expenses . . . . . . . . . . . . . . . . . . . 160,055 153,501 24,030 23,670 184,085 177,171 Increase (decrease) in net position before transfers and special item . . . . . . . . 2,639 (1,713) (2,347) (2,656) 292 (4,369) Transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,611) (2,496) 2,083 2,763 (528) 267 Special item . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 250 —00000 —00000 —00000 250 Changes in net position . . . . . . . . . . . . 28 (3,959) (264) 107 (236) (3,852) Net position, beginning of year, as restated . . 28,580 32,539 333 226 28,913 32,765 Net position, end of year . . . . . . . . . . . . . . . . . $ 28,608 $ 28,580 $ 69 $ 333 $ 28,677 $ 28,913 **As of June 30, 2017 and 2016 for SUNY and CUNY activities **Prior year column has been restated for the effect of the implementation of GASBS No. 80