Chapter 38 - FINANCIAL INFORMATION SERVICES AGENCY

Section 860.

Section 860.

  §  860.  Financial  information  services  agency.  There  shall  be a
financial information services agency which shall  be  headed  by  three
directors  appointed  by  the mayor, one of whom shall be appointed upon
the recommendation  of  the  comptroller,  and  one  of  whom  shall  be
appointed  upon  the recommendation of the other two.  The directors may
be city employees. They shall receive no compensation for their services
to the agency (except that a  city  employee  may  continue  to  receive
regular compensation) but shall be compensated for expenses actually and
necessarily incurred in the performance of their duties.

Section 861.

Section 861.

  §  861. Powers and duties. a. The agency shall have the power and duty
to:
  (1) implement and manage the integrated financial management system;
  (2) control  and  exercise  responsibility  for  all  data  processing
functions  and  operations  of  the city which support the activities of
those officers, employees, and agencies  of  the  city  responsible  for
organizing,  compiling,  coordinating  and  reporting  upon  the  city's
central financial records, data and other related information;
  (3)  provide  efficient,  coordinated  and  rapid   access   to   such
information  for  the  use of those officers, employees, and agencies of
the city responsible for the determination  and  administration  of  the
estimated  and  actual expenditures of the city; the receipt, investment
and disbursement of city funds; the issuance and  payment  of  principal
and  interest  on obligations of the city; and for the use of such other
officers, employees, or agencies as may require such information;
  (4) render services to, and receive information and  assistance  from,
such  other  bodies  defined  as "covered organizations" in the New York
state financial emergency act for the city of New York, as amended, upon
such terms and conditions as may be agreed to by  the  agency  and  each
such body.
  b.  All  agencies shall furnish such information or equipment in their
possession as shall be necessary and proper to carry out  the  functions
of  the  financial  information  services  agency  as  determined by its
executive director with the approval of its directors.

Section 862.

Section 862.

  §  862.  Staff.  The  directors  shall  recommend  and the mayor shall
appoint an executive director of financial information services.  Within
the appropriations therefor, the agency shall employ such other officers
and employees as may be required to perform its duties.