Roosevelt Island Operating Corporation

Annual Report
Fiscal Year End Date: 3/31/2009

Board Member Summary

Term Start Term Expiration Training As

Name Date Date Per Sec 2824
Kalkin, Jonathan M 06/19/08 06/10/11 Yes
Anglin, Laura L 01/02/08 Ex-Officio Yes
Kraut, David 06/19/08 06/10/11 Yes
Miller, Charlee 12/13/06 06/10/09 Yes
Stewart, Patrick H 12/28/99 07/01/01 Yes
VanAmerongen, Deborah 02/01/07 Ex-Officio Yes
Grimm, Katherine Teets 06/19/08 06/10/09 Yes
Christian, Fay Fryer 06/19/08 05/19/10 Yes
Shinozaki, Michael 12/06/04 12/27/07 Yes

Staff Summary

Average
Category Staff Average Salary Compensation
Administrative and Clerical 20 $48,629 $43,244
Executive 5 $140,536 $141,845
Managerial 15 $76,280 $78,025
Operational 121 $30,519 $28,415
Professional 1 $75,000 $76,302
Technical and Engineering 3 $78,000 $79,085
All Categories 165 $41,341 $39,371

Employees With Total Compensation Over $100,000

Average
Category Staff Average Salary Compensation
Executive 5 $140,536 $141,845
Managerial 3 $103,437 $103,852
Technical and Engineering 1 $107,095 $106,861
All Categories 9 $124,454 $125,293

The data contained in this report is information self reported by the authority. Additional documentation may be
available at: http://www.rioc.com
 Roosevelt Island Operating Corporation
Annual Report
Fiscal Year End Date: 3/31/2009

Summary Financial Information

Assets
Current Assets
Cash and cash equivalents $436,130
Investments $26,952,491
Receivables, net $4,483,858
Other assets $24,067
Total Current Assets $31,896,546
Noncurrent Assets
Restricted cash and investments $21,304,471
Long-term receivables, net $0
Other assets $69,896
Capital Assets
Land and other nondepreciable property $0
Buildings and equipment $52,871,370
Infrastructure $29,980,690
Accumulated depreciation $40,271,974
Net capital assets $42,580,086
Total Noncurrent Assets $63,954,453
Total Assets $95,850,999

The data contained in this report is information self reported by the authority. Additional documentation may be
available at: http://www.rioc.com
 Roosevelt Island Operating Corporation
Annual Report
Fiscal Year End Date: 3/31/2009

Liabilities
Current Liabilities
Accounts payable $709,813
Pension contribution payable $9,063
Other post-employment benefits $0
Accrued liabilities $0
Deferred revenues $15,646,113
Bonds and notes payable $0
Other long-term obligations due within one year $7,861
Total Current Liabilities $16,372,850
Noncurrent Liabilities
Pension contribution payable $0
Other post-employment benefits $847,695
Bonds and notes payable $0
Other long-term obligations $674,971
Total Noncurrent Liabilities $1,522,666
Total Liabilities $17,895,516
Net Asset (Deficit)
Net Assets
Invested in capital assets, net of related debt $42,580,086
Restricted $30,619,642
Unrestricted $4,755,755
Total Net Assets $77,955,483
Total Liabilities & Net Assets $95,850,999

The data contained in this report is information self reported by the authority. Additional documentation may be
available at: http://www.rioc.com
 Roosevelt Island Operating Corporation
Annual Report
Fiscal Year End Date: 3/31/2009

SUMMARY STATEMENT OF REVENUES,

EXPENSES, AND CHANGE IN NET ASSETS
Operating Revenues
Charges for services $9,168,850
Rental & financing income $9,177,849
Other operating revenues $861,563
Total Operating Revenue $19,208,262
Operating Expenses
Salaries and wages $5,604,887
Other employee benefits $3,532,868
Professional services contracts $658,544
Supplies and materials $1,141,142
Depreciation & amortization $2,853,451
Other operating expenses $6,046,270
Total Operating Expenses $19,837,162
Operating Income (Loss) ($628,900)
Nonoperating Revenues
Investment earnings $764,981
State subsidies/grants $0
Federal subsidies/grants $0
Municipal subsidies/grants $2,239
Public authority subsidies $0
Other nonoperating revenues $0
Total Nonoperating Revenue $767,220
Nonoperating Expenses
Interest and other financing charges $0
Subsidies to other public authorities $0
Grants and donations $279,326
Other nonoperating expenses $0
Total Nonoperating Expenses $279,326
Income (Loss) Before Contributions ($141,006)
Capital Contributions $18,772,115
Change in net assets $18,631,109
Net assets, (deficit) beginning of year $59,324,374
Other net assets changes $0
Net assets, (deficit) at end of year $77,955,483

The data contained in this report is information self reported by the authority. Additional documentation may be
available at: http://www.rioc.com
 Roosevelt Island Operating Corporation
Annual Report
Fiscal Year End Date: 3/31/2009

Schedule of Debt

This authority has indicated it had no debt outstanding.

The data contained in this report is information self reported by the authority. Additional documentation may be
available at: http://www.rioc.com
 Roosevelt Island Operating Corporation
Annual Report
Fiscal Year End Date: 3/31/2009

Real Property Transactions Summary

Fair
Property Transaction Est Fair Market Purchase
Description Type Purchaser / Seller Market Value Desc Sale Price
Mixed Use DISPOSITION International Christian $750,000 Other N/A
LEASE Outreach Ministries, Inc.
Mixed Use DISPOSITION Roosevelt Island Cleaners $450,000 Other N/A
LEASE

The data contained in this report is information self reported by the authority. Additional documentation may be
available at: http://www.rioc.com
 Roosevelt Island Operating Corporation
Annual Report
Fiscal Year End Date: 3/31/2009

Procurement Summary

Number of Current Contracts 194

Total Value of Contracts $40,170,902
Total Outstanding Balance $19,649,293

The data contained in this report is information self reported by the authority. Additional documentation may be
available at: http://www.rioc.com