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Q&A
Breakdown of unclaimed fund amounts in accounts
0:52:06
ยท
58 sec
General Counsel James Conroy provides a detailed breakdown of the unclaimed funds in commissary accounts at NYC jails.
- There are 137,598 total accounts with unclaimed funds dating back to 2007.
- 30% of accounts have $5 or less, 30% have $10 to $30, and 25% have up to $100.
- Very few accounts exceed $200.
- The DOC is not using these funds and wants to work with the council to address the issue.
James Conroy
0:52:06
So we have, so with respect to the specific accounts on on what is the unclaimed funds, this we have up until August of 2024.
0:52:16
But there are, 137 again, this goes back to, as DC McCarty mentioned,
Jason Rodriguez
0:52:25
2,007,
James Conroy
0:52:27
137,598 total accounts that have unclaimed funds.
0:52:33
A vast, vast majority of those are, so $5 or less accounts for 30% of those.
0:52:40
$10 to $30 accounts for 30% and up to a $100 is like 25.
0:52:46
So the amounts that exceed $200 are very, very small.
0:52:51
But that that's the accumulative amount.
0:52:53
And this is you know, these funds are are sitting there.
0:52:56
Right?
0:52:56
We're not using them.
0:52:57
We we want to work with the council to find a way to get rid of them, but they go back pretty far into into the past as far as what's abandoned.
Diana I. Ayala
0:53:05
After the the one hundred and 28 day the 120 days, window, what happens with the funds?