2023 New York Laws › STF - State Finance › Article 2 - General Fiscal Provisions › 2 - Definitions.

§  2.  Definitions. As used in this chapter, such terms shall have the
following meanings:
1. "Account". A classification  by  which  information  on  particular
financial transactions and financial resources is recorded and arranged.
1-a.  "Business  day".  Any  day  of the year which is not a Saturday,
Sunday or legal holiday in the state of New York and not a day on  which
banks are authorized or obligated to be closed in the city of New York.
2.  "Capital  projects  funds".  Funds  used  to account for financial
resources to be used for  the  construction  of  capital  facilities  or
acquisition  of  major  capital  facilities other than those financed by
proprietary funds, special revenue funds, and fiduciary funds.
2-a. "Capital project". Any project involving:
(i) the acquisition, construction,  demolition  or  replacement  of  a
fixed asset or assets;
(ii)  the major repair or renovation of a fixed asset, or assets which
materially extends its useful life or materially improves  or  increases
its capacity; or
(iii)  the  planning  or  design  of  the  acquisition,  construction,
demolition, replacement, major repair or renovation of a fixed asset  or
assets.
3.  "Debt  service  funds".  Funds  which  are used to account for the
accumulation of resources for, and the  payment  of,  general  long-term
debt principal and interest.
4.  "Disbursement". The payment or transfer of money from a fund other
than for investment purposes.
5. "Enterprise funds". Funds used to account for activities  of  state
government  which  are  intended  by  law to be self-supporting or to be
financed in whole or in part by user charges. "Enterprise  funds"  shall
also  include  funds  used to account for activities of state government
for which the law requires that there be  a  periodic  determination  of
revenues earned and expenses incurred.
6.  "Expenditure".  A  decrease  in net financial resources as further
defined by generally accepted accounting principles.
6-a. "Fixed assets". (i) Assets of  a  long-term,  tangible  character
which  are  intended  to  continue  to  be  held  or used, such as land,
buildings, improvements, machinery, and equipment, and (ii) assets  that
provide a long-term interest in land, including conservation easements.
6-b.   "Capital  assets".  Fixed  assets  and  infrastructure  assets,
including  but  not  limited  to  roads,   bridges,   facilities,   mass
transportation  facilities,  and  water,  sewer  and  drainage  systems.
Capital assets shall also include capital asset groups, which are  of  a
similar  nature  or  perform  a  similar  function and cannot be readily
identified as individual capital assets, such as roads or canals.
7. "Fiduciary funds". Funds used to account for  assets  held  by  the
state  in  a  trustee  capacity  or as an agent for individuals, private
organizations, and other governmental  units.  Fiduciary  funds  include
pension trust funds, private-purpose trust funds and agency funds.
7-a.  Financial plan. A complete plan of receipts and disbursements or
of revenues and expenditures for all governmental funds  as  defined  in
this chapter.
8. "Fund". A fiscal and accounting entity with a self-balancing set of
accounts recording cash and other financial resources, together with all
related  liabilities  and  residual  equities  or  balances, and changes
therein, which are segregated for the purpose of  carrying  on  specific
activities  or  attaining  certain objectives in accordance with special
regulations, restrictions, or limitations.
9. "Fund type". A  classification  by  which  funds  are  grouped  and
reported on in accordance with generally accepted accounting principles.
10.  "Generally  accepted  accounting  principles".  The principles of
governmental   accounting   specified    by    authoritative    national
standard-setting bodies.
11.   "Generally   accepted  auditing  standards".  The  standards  of
governmental    auditing    specified    by    authoritative    national
standard-setting bodies.
11-a.  "General  fixed  assets".  All  fixed assets used in operations
accounted for in the general fund, special revenue funds,  debt  service
funds or capital projects funds.
11-b.  Governmental  funds.  A group of fund types that includes those
funds that are classified as the general fund,  special  revenue  funds,
debt service funds, capital project funds and permanent funds as defined
in this chapter.
12.  "Internal service funds". Funds used to account for the financing
of goods or services provided on a cost-reimbursement basis by one state
department or agency to another, or to other governmental units.
13. "Local assistance". All payments and contributions by the state to
and in aid of local governmental units or agencies in the manner and  to
the extent provided by law.
13-a.  "Research  institute".  Any  not-for-profit corporation closely
affiliated with a specific state agency  or  agencies,  excluding  state
agencies  governed  by  a board of trustees, and the purpose of which is
essentially to support, supplement or  extend  the  research  and  other
functions and programs of such state agency or agencies.
13-b.  "Permanent funds". Funds that report resources that are legally
restricted in that only earnings, and not  principal,  may  be  used  to
support the government or its citizens.
14.  "Proprietary  funds". Enterprise funds and internal service funds
as defined herein.
15. "Receipt". Money paid or transferred into a fund other than moneys
previously transferred from such fund for investment purposes.
16. "Revenue". An increase  in  net  financial  resources  as  further
defined by generally accepted accounting principles.
17.  "Special  revenue funds". Funds which are used to account for the
proceeds of specific sources that are  specifically  restricted  by  law
from  being  deposited  in  the  general  fund  of  the state other than
proprietary funds, fiduciary funds and capital project funds.
18. "Financed equipment acquisition". Personal property acquired or to
be acquired by any state department and agency  or  unit  of  the  state
university  or city university of New York through (i) lease purchase or
installment  purchase  agreements  financed  or  to   be   financed   by
certificates  of  participation  sold pursuant to article five-A of this
chapter or (ii) other lease purchase or installment purchase agreements.
19. "Maintenance". Planned activities undertaken to reduce  or  arrest
the rate of deterioration of capital assets, or to maintain such capital
assets  in  a  state  of  good  repair,  including  but  not  limited to
preventive maintenance, normal  periodic  repairs,  the  replacement  of
parts,  and other activities intended to help achieve the optimum useful
life of capital assets. These activities may correct minor defects as  a
secondary  benefit,  but they shall not include alterations that either:
(i) change the use of the asset; or (ii) materially  extend  the  useful
life of the asset.
20.  "Journal  transfer".  Any transfer or other method of movement of
federal or state monies by the comptroller including,  but  not  limited
to,   expenditure  journal  transfers,  revenue  journal  transfers  and
statutory transfers, between  accounts  and/or  funds  not  specifically
authorized by the state legislature.
21.  "Lump  sum appropriation". An item of appropriation with a single
related object or purpose, the purpose of which is to fund more than one
grantee by a means  other  than  a  statutorily  prescribed  formula,  a
competitive  process,  or  an allocation pursuant to subdivision five of
section twenty-four of this chapter.
22.  "Grantee".  Any  group,  corporation,  municipal  or governmental
entity that receives funding from the state.