New York City Comptroller John C. Liu today launched “My Money NYC”, a website that will be updated daily to give New Yorkers unparalleled access to the City�s finances, encourage community-government collaboration on fiscal matters and provide user-friendly performance measures.

“Everyday New Yorkers want to see — and track — how their tax dollars are spent,” Comptroller Liu said. “My Money NYC will be a powerful tool for New Yorkers to shine sunlight through perceptions of smoke-filled rooms and backroom deals. Sunlight will inherently create proper incentives to save money for the City, which is more important than ever before, and goes a long way to restore accountability and public confidence in City government.”

Comptroller Liu credited Simcha Felder, Deputy Comptroller for Accounting & Budget; Tina Kim, Deputy Comptroller for Audit; and Mike Bott, Assistant Comptroller for Information Technology and Chief Information Officer for their work on My Money NYC.

The new website (www.comptroller.nyc.gov/mymoneynyc) uses cutting-edge technology to provide transparency, measure the performance of agency initiatives and encourage partnerships between communities and government.

My Money NYC initiatives include:
� NYC Checkbook: An unprecedented effort that will allow users to search a database and download City expenditures made by check or Electronic Funds Transfer (EFT) which, in the FY2010 estimated budget, totaled nearly $60 billion dollars.� Users will be able to search for expenditures in a number of different ways including by vendor or payee name, agency, check amount and check/EFT number.
� Open Audit:� An interactive webpage where New Yorkers can submit ideas for audits to save the City money, increase revenue and improve the efficiency of agencies.
� ClearView: An initiative started by former Comptroller William C. Thompson, Jr. which allows users to search for City contracts registered with the Comptroller�s Office.�
� MWBE Report Card: Measures the performance of City agencies in achieving their MWBE goals, especially in light of Local Law 129 of 2005, which set out hard targets, agency-by-agency, of government contracting opportunities for minority- and women-owned business enterprises.

Open Audit and ClearView are currently available.� NYC Checkbook will launch on July 1st, the start of FY2011.� The MWBE Report Card will be unveiled at the end of the current calendar year.

(YWN Desk – NYC)