Institutional Federal Compliance Report 2021

Fund Balances Fund balances at March 31, 2019 are as follows (amounts in millions): 64 • Notes to Basic Financial Statements __________________________________________________________________________ Major Funds Federal General Other General Special Debt Governmental Fund Revenue Service Funds Restricted for: Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ —00000 $ —00000 $ —00000 $ 5 Public health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 7 —00000 1 Health care initiatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 1,020 Environment and recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 53 Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 364 General administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 129 Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 1,139 689 Capital purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 106 Committed to: Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 —00000 —00000 240 Public health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 98 Mental hygiene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 —00000 —00000 —00000 Health care initiatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 1,172 Environment and recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 110 Public safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 342 Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 360 Economic development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 23 General administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 141 Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 75 541 Capital purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 829 Fund reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,974 —00000 —00000 —00000 Assigned to: Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 —00000 —00000 589 Public health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 238 —00000 —00000 —00000 Mental hygiene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 —00000 —00000 —00000 Public welfare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 —00000 —00000 —00000 Environment and recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 —00000 —00000 17 Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 11 Workers’ Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 2,686 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 701 General administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,025 —00000 —00000 —00000 Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —00000 —00000 —00000 2 Unassigned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 —00000 —00000 (969) Total fund balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,381 $ 7 $ 1,214 $ 9,260

p. Pensions The State is the largest participating employer of the New York State and Local Retirement System (System), consisting of the Employees’ Retirement System (ERS) and the Police and Fire Retirement System (PFRS) which are cost-sharing multiple employer defined benefit pension plans. Consequently, the State has recorded the largest proportionate share of the net pension liability and related deferred inflows and out- flows from pension activities which are reflected in the reported amounts on the balance sheet. For pur- poses of determining net pension liability and other pension-related amounts, information about the fidu- ciary net position of ERS and PFRS and additions to and deductions from the fiduciary net position of ERS and PFRS have been determined on the same basis reported by the System.

q. Postemployment Benefits Other postemployment costs are measured and dis- closed using the accrual basis of accounting in the government-wide and enterprise funds financial state- ments (Note 13). In addition to providing pension benefits, the State is statutorily required to provide health insurance coverage and survivor benefits for retired employees and their survivors. Postemploy- ment benefits other than pensions are recognized on an actuarially determined basis as employees earn benefits that are expected to be used in the future. Substantially all of the State’s employees may become eligible for these benefits if they reach normal retire- ment age while working for the State. Health care benefits are provided through plans whose premiums are based on the benefits paid during the year. The cost of providing postemployment benefits is shared