South East County Young SEQCYD Democrats Executive Board Members JFK Airport Station Adrienne Felton P.O. Box 300324 Roy Paul Jamaica, New York 11430-0324 Tai White Email address: [email protected] Jerwaine Gorman Website: www.seqcyd.com Philip Craig Telephone No.: 347-470-5581

Managing Ambassador NY City Comptroller: The Purse of the City Jacques Léandre, Esq. The Office of Comptroller of is the chief fiscal officer and

Liaison Executive chief auditing officer of the city. The comptroller is elected, citywide, to a four- Kisha Walker year term and can hold office for three consecutive terms. The current comptroller is Democrat , formerly a member of the New York City Communication Executive Council. Liu was elected on November 3, 2009. Jordan Nichols The Duties of the Comptroller Constituent Services Committee Chair The New York City Comptroller, an independently elected official, is the Preston Baker Chief Financial Officer of the City of New York. The mission of the office is to ensure the financial health of New York City by advising the Mayor, the City Environmental Committee Chair Council, and the public of the City's financial condition. The Comptroller also Stephen Charles makes recommendations on City programs and operations, fiscal policies, and financial transactions. In addition, the Comptroller manages assets of the five Fundraising Committee Chair New York City Pension Funds, performs budgetary analysis, audits city agencies, Richard Nunez- registers proposed contracts, etc. His office employs a workforce of over 700 Lawrence professional staff members. These employees include accountants, attorneys,

computer analysts, economists, engineers, budget, financial and investment analysts, claim specialists and researchers in addition to clerical and administrative support staff.

View Powers & Duties under New York State Law.

History The office was created as an appointive office in 1801, and in 1831, the Comptroller became head of the department of finance. In 1884 the office became elective, and in 1938 the comptroller became head of a separate, independent department of the City's government.

Until it was found unconstitutional in 1989, the Comptroller served on the eight-member New York City Board of Estimate, which was composed of theMayor of New York City, the Comptroller and the President of the , each of whom was elected citywide and had two votes, and the five Borough presidents, each having one vote.

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If vacancies should simultaneously occur in the offices of and New York City Public Advocate (formerly President of the City Council or Board of Aldermen), the Comptroller would become Acting Mayor.

These have been the three offices elected city-wide, so traditional practice has tried to balance a winning three-candidate ticket among the City's different ethnic, religious and political interests (and, more recently, between the sexes). But, while there is a delicate interaction between the campaigns for the three offices, the actual election results can sometimes differ quite markedly. (For examples of three such municipal tickets, see the article about ).

Bureaus Accountancy

The Bureau of Accountancy (BOA) is responsible for all aspects of the City's accounting and financial reporting.

Accountancy Home 1099 W9 Substitute Form FAQs Comprehensive Annual Financial Report Directives Fiscal Year End Closing Instructions Fiscal Year Calendar of Activities RFPs Contact

Administration

The Bureau of Administration manages the Comptroller’s Office operating and capital budgets as well as the full breadth of its human resource function, procurement and payment responsibilities, facilities management and support services.

Asset Management

The Bureau of Asset Management (BAM) assists the Pension Funds in selecting investment advisors and consultants. The Funds invest in a variety of asset classes, including U.S. and foreign equities and U.S. fixed income products. Asset Management Home Pension Funds Assets As Of Procurement Process Request for Proposals (RFP) Notice of Search (NOS)Shareowner Initiatives EFT Form Info FAQs Links Contact

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Audit

Our mission is accomplished by conducting audits and other analyses of City-funded operations in accordance with the New York City Charter, and by providing our findings and recommendations to those City managers and officials who are authorized and empowered to effect change.

Audit Home RFPs Audits Annual Report Annual Report Archive CPA List Application GAGAS External Peer Review Links Contact

Budget

The Comptroller's Bureau of Fiscal and Budget Studies and Bureau of Financial Analysis monitor New York City's fiscal and cash position. The Budget Process New York City's Budget New York City's Economy The City's Cash Position RFPs Reports Links Contact

Commercial Banking

Since its inception, the Commercial Banking Division has embarked on a number of programs that will enhance the economic vitality of the city’s communities and help city residents better understand financial services.

Commercial Banking Home Banking Development District Predatory Lending Links Contact

Community Action Center

Through CAC, residents, contractors, elected officials and City employees can get information about the public pension system, city contracts, procurement policy and information about filing claims.

Community Action Home FAQs City Services Retiree Sevices En Español Contact

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Community Relations

The Office of Community Relations’ (OCR) primary function is to ensure that the general public has access to the services of the New York City Comptroller’s Office.

Community Relations Home Contact

Contract Administration

The Comptroller's Office of Contract Administration (OCA) is responsible for reviewing all contracts, contract amendments, leases and concessions between City agencies and vendors to determine whether the agreement should be registered.

Contract Administration Home Registration Process Reports Links Retroactive Contracts Contact

Economic Development

The mission of the Bureau of Economic Development is to leverage the authority and responsibilities of the Office of the Comptroller to create new and sustainable opportunities for the economic growth and development of the city of New York and its people.

Economic Development Home Economically Targeted Investments (ETI) Reports Request For

Proposals (RFP) Contact Us

Engineering

The Bureau of Engineering provides engineering assistance and serves as the Comptroller’s technical consultant on engineering matters.

Engineering Home Reports Forms FAQs Links Contact

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Information Systems

The Bureau of Information Systems (BIS) is comprised of 11 divisions, providing customer support and technology leadership for the Office of the Comptroller. BIS is lead by the Comptroller’s Chief Information Officer (CIO) and is staffed by technology professionals with expertise in a wide array of disciplines. BIS maintains over 100 application software products that provide a full range of technology support for key business functions and Charter mandated responsibilities of the Comptroller’s Office.

Information Systems Home The Greening of Technology Operations Technology Infrastructure Strategic Plan & Office Operations Reporting The Comptroller's Website Continuity of Business Operations Technology Transformation BIS Divisons Other Key Systems Supporting the

Comptroller's Office RFPS Contacts

Intergovernmental Relations

The Bureau of Intergovernmental Relations (IGR) is charged with handling all of the legislative responsibilities on behalf of the Comptroller.

Intergovernmental Relations Home Laws & Vetoes Comptrolller Duties Under State Law Legislative Summaries Letters and Memos of Support Legislative Proposals Links Labor Law

The Comptroller’s Bureau of Labor Law enforces New York State Labor Law §220 and 230 and New York City Administrative Code §6-109. These laws require private sector contractors engaged in public work projects in the City of New York to pay no less than the prevailing wage to their employees for work covered by the statutes, as determined by this bureau.

Labor Law Home New Legislation/Worker Notification Prevailing Wages- Worker Information Misclassification of Workers NewsletterSchedules Archived Schedules Order and Determination Forms Debarred Contractors List Links Contact Law & Adjustment

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The Comptroller's Bureau of Law and Adjustment adjusts personal injury and property damage claims filed against the City of New York. BLA also handles contract disputes with companies that do business with the City.

Law & Adjustment Home Filing Claims Manually Filing Claims Electronically Llenar Solicitud Por Medio Del Internet A TravÉs De eClaimFiling Tort Claims RFP & BID En Español Claim Fraud

Annual Report Contact

Policy Management

The Office of Policy Management analyzes specific issues and trends connected with a broad array of City policies, and provides policy options for the Comptroller so that he may participate effectively in setting municipal priorities.

Policy Management Home Public Benefit Agreements Reports Education Health Housing

Transportation Contact

Planning

Press Office It is the job of the Comptroller’s Press Office to disseminate information and reports produced by the Comptroller’s Office.

Press Office Home Press Releases Photos Testimonies Contact

Public Finance

Working with the Mayor’s staff, the Comptroller’s finance staff (the Bureau of Debt Management) determines and approves structures, terms, and conditions for all city debt.

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The Administration

Ricardo E. Morales, First Deputy Comptroller Served as Chairman to the New York City Housing Authority (“NYCHA”) the largest public housing authority in North America with a $3.2 billion annual budget and 11,600 employees. In that capacity, Mr. Morales planned and implemented the nation’s largest “shovel ready” public housing capital infrastructure reinvestment initiative ($423.5 million) involving over 70 capital projects under the American Recovery & Reinvestment Act. In 2009, for his efforts at establishing a model ethics program at NYCHA, he was selected to receive the Ethics in Government Award by the NYC Conflicts of Interest Board. As NYCHA’s General Counsel, Mr. Morales managed a staff of over 200 with a budget of approximately $30 million and successfully reduced outside counsel fees by approximately 50%. With 28 years of legal and high level executive experience in the private and public sectors, he offers ethical leadership, legal expertise, transparency and accountability within a highly complex, multi-stakeholder, financial, administrative and public service environment.

Valerie Budzik, Deputy Comptroller for Legal Affairs / General Counsel

Valerie Budzik has been with the Comptroller’s Office since 1998, and was appointed Deputy Comptroller for Legal Affairs/General Counsel in February 2012. Prior to her appointment, Ms. Budzik served as First Deputy General Counsel where her work focused on pension fund investment and fiduciary matters. Ms. Budzik holds a BA from Fordham University and JD from Fordham University School of Law.

Simcha Felder, Deputy Comptroller for Accountancy and Budget

Served in the New York City Council since 2002 and was previously Chairperson of the Council's Committee on Governmental Operations. Councilmember Felder previously worked for the New York State Assembly, the City Comptroller's Office, and as a tax auditor for the New York City Department of Finance. He is a Certified Public Accountant (CPA) and holds a Masters of Business Administration (MBA) in Management from the renowned Zicklin School of Business at CUNY's Baruch College.

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Ari Hoffnung, Deputy Comptroller for Public Affairs

Ari Hoffnung has been a leader in promoting transparency initiatives since he joined the Comptroller’s staff in February 2010 as Executive Director of Accountancy & Budget. He was the driving force behind Checkbook NYC, which gives the public online access to the City’s $66 billion in annual expenditures, and Pension NYC, which provides unparalleled access to information pertaining to the five New York City pension funds. He was promoted to Assistant Comptroller for Budget & Chief Policy Officer in August 2010 and in that role, he spearheaded “Retirement Security NYC,” a major research project that sought to protect the retirement security of public employees while ensuring the City’s financial health.

Deputy Comptroller Hoffnung currently serves as Comptroller Liu’s representative at the Office of Payroll Administration (OPA) and the Financial Services Agency (FISA), where he played an integral role in ending the runaway spending associated with the CityTime project. Hoffnung also serves as the Comptroller’s representative on the New York City Banking Commission. Prior to joining Comptroller Liu’s administration, Hoffnung served as Chief of Staff to then-City Councilman Simcha Felder, and was a Managing Director at Bear Stearns where he worked for more than a decade.

Hoffnung holds an MBA in Finance from New York University’s Stern School of Business and a bachelor’s degree from Queens College. He resides in the Riverdale section of with his wife, Annie, and their two children.

H. Tina Kim, Deputy Comptroller for Audit

Formerly the Director of Audit and Civil Rights for the New York State Department of Transportation, leading a division of fifty with responsibility for the Internal Audit, Contract Audit, Investigations, Enterprise Risk Management and Civil Rights Assurance functions. Previously, Ms. Kim served as Deputy Inspector General for Audit at the New York State Office of the Inspector General and as an Auditor with the New York State Office of the State Comptroller.

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Mark Kim, Deputy Comptroller for Economic Development

Mark T. Kim was appointed Deputy Comptroller for Economic Development by Comptroller John C. Liu in April 2012. Prior to his appointment, Kim spent the last decade in the public finance industry serving most recently as the Assistant Comptroller for Public Finance since March 2010 and as an investment banker at Fidelity Capital Markets, Goldman Sachs and UBS Investment Bank. In these roles, he has raised in excess of $56 billion in the capital markets, including issuing over $30 billion for the City of New York and its related issuers to finance and refinance the City’s capital program. Kim began his career in public service as a staff attorney at the Federal Election Commission in Washington, D.C.

Deputy Comptroller Kim holds a Ph.D. in public policy from Harvard University’s Kennedy School of Government; J.D. from Cornell Law School; and B.A. from Northwestern University.

Carol S. Kostik, Deputy Comptroller for Public Finance

Worked in Comptroller Bill Thompson's administration from 2006 as the Deputy Comptroller for Public Finance. Hired from New York City Housing Development Corp., where she was Senior Vice President and Chief Financial Officer. Previously, Ms. Kostik served as the CFO of the Nassau County Interim Finance Authority, leading debt issuance for what was then a newly- created State Authority and successfully establishing and supervising the financial reporting on $800+ million revenue stream. Prior to Nassau County, Ms. Kostik served as Vice President at Merrill Lynch & Co. She holds an MBA from Stanford University.

Lawrence M. Schloss, Deputy Comptroller for Pensions, Chief Investment Officer

Mr. Schloss comes to the Comptroller’s Office with a wide range of financial experience. He was the co-founder, Chairman and Chief Executive Officer of the private equity firm Diamond Castle Holdings since September 2004.

Prior to Diamond Castle, Mr. Schloss was Global Head of CSFB Private Equity, where he was responsible for a staff of 450, including 125 investment professionals on four continents with $32 billion of alternative assets under management.

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Prior to the acquisition of Donaldson, Lufkin & Jenrette by Credit Suisse, Mr. Schloss spent 22 years at DLJ and was Chairman of DLJ Merchant Banking since 1995. Under his leadership, the alternative asset investment business at DLJ grew to include $19 billion under management across various fund strategies.

He was Chairman, Co-Chairman or a member of the investment committees of each of the DLJ Merchant Banking Partners private equity funds, as well as the mezzanine funds, real estate funds, secondary funds and funds of funds. As such, he has overseen investments in over 200 companies with total transaction value in excess of $100 billion. Mr. Schloss joined DLJ in 1978 as an investment banker focused on leveraged finance and energy, and began investing DLJ's capital when the firm began its leveraged buyout principal investing activities in 1985.

Mr. Schloss is a member of the Board of Trustees of Tulane University, the New Police & Fire Widows' and Children's Benefit Fund, and has served on the boards of directors of numerous public and private companies.

Geneith Turnbull, Deputy Comptroller for Contracts and Procurement

Geneith Turnbull was appointed Deputy Comptroller of Contract Administration by Comptroller John C. Liu in January 2010. Ms. Turnbull is tasked with monitoring the integrity of the procurement process of the City of New York and identifying areas where City resources are being wasted.

Ms. Turnbull is an astute attorney with academic training in law and healthcare, complemented by diverse experience in the public sector. She has more than twenty years of cross-functional experience in contract administration, real estate transactional work and regulatory compliance.

Prior to her appointment, Ms. Turnbull served as Deputy Commissioner of the Office of Purchasing and Materials Management with the New York City Human Resources Administration where she directed staff numbering 110 individuals in the procurement of goods and non-human services. In addition Ms. Turnbull previously served with the New York City Health & Hospitals Corporation, Office of the New York State Attorney General, Park City Authority and the New York State Finance Agency.

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Ms. Turnbull holds a master’s degree in health services administration from Iona College, a Juris Doctor from Western New England College School of Law, and a bachelor’s in political science degree from Pace University.

NY City Comptrollers from Inception through Date

Comptrollers of the City of New York (1802 - 2010) Selah Strong 1802 - 1805 Benjamin Romaind 1805 (January) - 1806 (December) Isaac Stoutenburg 1806 (December) - 1807 (January) Jacob Morton 1807 Garret N. Bleecker 1808 - 1813 Thomas Mercein 1813 - 1816 Garret N. Bleecker 1816 - 1831 Talman J. Waters 1831 - 1836 D. D. Williamson 1836 - 1839 Alfred A. Smith 1839 - 1842 D. D. Williamson 1842 Alfred A. Smith 1843 - 1844 D. D. Williamson 1844 - 1845 John Ewen 1845 - 1848 Talman J. Waters 1848 - 1849 John L. Lawrence 1849 Joseph R. Taylor 1850 - 1853 Azariah C. Flagg 1853 - 1859 Robert T. Haws 1859 - 1863 Matthew T. Brennan 1863 - 1867 Richard B. Connolly 1867 - 1871 (resigned November 18) Andrew H. Green 1871 (November 18) - 1876 John Kelly 1876 - 1881 Allan Campbell 1881 - 1883 S. Hastings Grant 1883 - 1884 Edward V. Loss 1884 - 1888 (first elected to office) Theodore W. Myers 1888 - 1894

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Ashbel P. Fitch 1894 - 1898 Bird S. Coler 1898 - 1901 Edward M. Crout 1902 - 1905 Herman A. Metz 1906 - 1909 William A. Prendergest 1910 - 1917 Charles L. Craig 1918 - 1925 Charles W. Berry 1926 - 1933 (resigned September 15) George McAneny 1933 (September 19) - 1933 (December) W. Arthur Cunningham 1934 (January) - May 1934 (passed away May 5) Joseph D. McGoldrick 1934 (May 9) - 1934 (December) Frank J. Taylor 1935 - 1937 Joseph D. McGoldrick 1938 - 1945 1946 - 1953 Lawrence E. Gerosa 1954 - 1961 Abraham D. Beame 1962 - 1965 Mario A. Procaccino 1966 - 1969 Abraham D. Beame 1970 - 1973 Harrison J. Goldin 1974 - 1989 1990 - 1993 Alan G. Hevesi 1994 - 2001 William C. Thompson Jr. 2002 - 2009 John C. Liu 2010 -

Information from NYC.gov and wikipedia

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