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Examples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… 06856 are reprinted by permission. Sample City Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Year Ended … earnings: Net (decrease) In fair value of investments (272,522) Interest 2,460,871 $ … Examples from GASB Statement 34 Statement of Changes in Fiduciary Net Assets …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assetsAudit Finds Construction Delays in Public Housing Program Across New York State
… housing modernization program run by New York State Homes and Community Renewal (HCR) have led to years-long delays in … construction contracts, questionable contractor selections and contract changes that led to significant cost increases,” DiNapoli said. “People living in moderate- and low-income housing should not have to wait years for …
https://www.osc.ny.gov/press/releases/2016/05/audit-finds-construction-delays-public-housing-program-across-new-york-stateDiNapoli: Pandemic Necessity and Opportunity Fuel Business Growth in New York City
… people to either start a business or expand by providing services more easily online.” The overall number of … seeing particularly dramatic increases. In Brooklyn, Bedford Stuyvesant had 35% more businesses, Bushwick had 30% … were also home to many residents working in business services in 2019 like law offices or architecture or …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-pandemic-necessity-and-opportunity-fuel-business-growth-new-york-cityDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… $5.23 billion. Administrative and Various: Communication, Power, Signal Modernization, $5.67 billion. The report also …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingDiNapoli Announces Nominee for the Commission on Ethics and Lobbying in Government
… Thomas P. DiNapoli today announced his nomination of Nancy G. Groenwegen to the Commission on Ethics and Lobbying in Government. Groenwegen previously served as counsel to the … Thomas P DiNapoli today announced his nomination of Nancy G Groenwegen to the Commission on Ethics and …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-announces-nominee-commission-ethics-and-lobbying-governmentDiNapoli: Lax Oversight of Medicaid Payments Behind $700 Million in Improper Payments
… MLTC program provides long-term care services, such as home health care and nursing home care, to chronically ill or disabled patients. To be …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-lax-oversight-medicaid-payments-behind-700-million-improper-paymentsNew York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… York State Department of Labor, Division of Research and Statistics Disparity in Employment Outcomes for People with … Source: U.S. Department of Labor, Bureau of Labor Statistics & Office of Disability Employment Policy New York … Source: U.S. Department of Labor, Bureau of Labor Statistics & Office of Disability Employment Policy Federal …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021DiNapoli: Hate Crimes Surged in New York Over the Last Five Years
… New York state has seen a surge in hate crimes over the last five years with 1,089 reported instances in 2023, marking the … New York state has seen a surge in hate crimes over the last five years with 1089 reported instances in 2023 …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-hate-crimes-surged-new-york-over-last-five-yearsNew York’s Economy and Finances in the COVID-19 Era (March 4, 2021)
… averaged around 167,000. Those claims almost doubled to over 314,000, as the shutdown went into effect, starting a … Assistance program (PUA) which provides benefits to individuals not traditionally eligible for unemployment … than expected personal income tax collections and the prospect of significant aid from the federal government, in …
https://www.osc.ny.gov/reports/impact-covid-19-march-4-2021DiNapoli: New York's Medicaid System Improperly Paid Over $16 Million in Claims
… eMedNY computer system improperly paid $16.2 million in Medicaid claims during a six-month period that started in … Thomas P. DiNapoli. “My office pays close attention to Medicaid because it’s critical for so many New Yorkers and a … the improper payments, $11.8 million, went to pay 27,480 Medicaid managed care premiums for recipients who were …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-new-yorks-medicaid-system-improperly-paid-over-16-million-claimsRensselaer County Industrial Development Agency – Payments in Lieu of Taxes (2021M-74)
… distributed. During the audit period: Sixteen of the 62 bills we reviewed were inaccurate because the County’s … including a secondary review, to ensure all PILOTs are billed and distributed accurately. Ensure all PILOTs are monitored and reported to PARIS. RCIDA officials …
https://www.osc.ny.gov/local-government/audits/county/2025/01/24/rensselaer-county-industrial-development-agency-payments-lieu-taxes-2021m-74Wyoming County Industrial Development Agency – Payments in Lieu of Taxes (2024M-148)
… Development Agency (WCIDA) officials ensure the payments in lieu of taxes (PILOT) they calculated were accurate and in compliance with the PILOT agreements? Audit Period January … officials ensured PILOTs they calculated were accurate and in compliance with the PILOT agreements. During the audit …
https://www.osc.ny.gov/local-government/audits/county/2025/11/21/wyoming-county-industrial-development-agency-payments-lieu-taxes-2024m-148DiNapoli: L.I.C., Sunnyside and Woodside Are Drivers of Economic Growth in Queens
… in northwest Queens have their own distinct personalities, but together they are contributing to the borough’s business … makes clear the remarkable growth Western Queens has seen, but also the ongoing challenges like housing affordability. … as shown in the State Comptroller's Economic Snapshot. But as exciting as that growth has been, it also presents …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-lic-sunnyside-and-woodside-are-drivers-economic-growth-queensTransportation Company Owner and Office Manager Indicted in $1.8 Million Medicaid Scheme
… occurred and falsified the destination traveled to in order to boost payments to the company. Investigators also found patients who were seeking drug treatment were allegedly paid kickbacks by the Chaudhry and … purchase illicit drugs undercutting the objective of the treatment. The investigation further revealed that Chaudhry …
https://www.osc.ny.gov/press/releases/2025/10/transportation-company-owner-and-office-manager-indicted-18-million-medicaid-schemeDiNapoli: Special Education Pre-K Provider Claimed Nearly $1 Million in Ineligible Expenses
… findings to the State Education Department for recovery of this money.” Gingerbread is a not-for-profit organization … focused on fiscal year 2012-13 but when a pattern of inappropriate expenses was uncovered, it was expanded to … than 50,000 state contracts, visit www.openbooknewyork.com . The easy-to-use website was created by DiNapoli to …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-special-education-pre-k-provider-claimed-nearly-1-million-ineligible-expensesDiNapoli: State Medicaid Program Made More Than $100 Million in Duplicate Payments
… more than $100 million in duplicate payments to managed care organizations (MCOs) for premiums over a more than four … who are economically disadvantaged or have special health care needs. Many of the state’s Medicaid recipients receive their services through managed care organizations (MCOs). The Department of Health (DOH) …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-state-medicaid-program-made-more-100-million-duplicate-paymentsState Audit Shows Need to Improve Response to Noise Complaints in NYC
… The growing number of noise complaints related to nightlife establishments in New York City highlights the … (SLA) and the New York City Police Department (NYPD) to better communicate and crack down on bars and clubs with persistent noise problems, according to an audit released today by State Comptroller Thomas P. …
https://www.osc.ny.gov/press/releases/2017/06/state-audit-shows-need-improve-response-noise-complaints-nycMainstream Managed Care Organizations – Administrative Costs Used in Premium Rate Setting (Follow-Up)
… Rate Setting ( 2014-S-55 ). Background The Department of Health (Department) is responsible for setting the monthly … (MMCORs). The Department issues MMCOR instructions to guide MCOs on how to report administrative expenses. We … Other Related Audit/Report of Interest Department of Health: Mainstream Managed Care Organizations – …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/mainstream-managed-care-organizations-administrative-costs-used-premium-rate-setting-followState Audits by Agency or Authority
View audits issued in the last four years by state agency
https://www.osc.ny.gov/state-agencies/audits/by-agencyProperty Tax Cap Reporting for Local Governments
Please join us for a general overview of the Property Tax Cap for Local Governments. Presenters will discuss the Property Tax Cap legislation, highlight common reporting errors and review reporting requirements. They will also demonstrate how to complete the tax cap form using OSC's online reporting
https://www.osc.ny.gov/files/local-government/academy/pdf/local-government-tax-cap-09-08-22.pdf