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DiNapoli: NYC's 2024 Budget Balanced, but Risks Loom
… tax revenues that were more than $5 billion above budget projections and PEG savings driven by a reduction in vacant … in city revenue in FY 2024 with average annual revenue growth of 2.3% in the following years of the plan. To close … match in federal funding. Net of higher revenue projections, DiNapoli’s office has identified budgetary risks …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loomDiNapoli: Pre-K Special Education Schools Took $1.4 Million in Unallowed Expenses
… included: $194,438 in lump sum bonuses for staff that did not have required performance justification; $132,846 in … other programs operated by the school. Hebrew Institute did not keep required records to support the work hours it … school agreements from this requirement. Aim High did not properly document or show that the payments were …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-pre-k-special-education-schools-took-14-million-unallowed-expensesWhat is a Defined Benefit Plan?
… may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from … Risk Investment risk is pooled, so a market downturn does not affect benefits. Employee is responsible for all …
https://www.osc.ny.gov/retirement/members/defined-benefit-planImplications for the Future – 2022 Financial Condition Report
… Uncertainty Remains As the world faced the third year of the COVID-19 pandemic, its impact on the economy continued … heightened by other factors, such as the Russian invasion of Ukraine. Supply chain disruptions, increased demand of goods, and a tight labor market pushing wages higher …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureState Comptroller DiNapoli Releases Audits
… (MTA) – Bus Company: Fare Evasion (2019-S-7) MTA officials did not provide assurance that Fare Enforcement and Worker … Trade Center, and Leasing of Properties (2019-S-9) PANYNJ did not realize revenue of $8.3 million from four leases at …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-auditsState Comptroller DiNapoli Releases School Audits
… (Madison County) The board and district officials did not develop reasonable budgets or effectively manage the … Software User Access (Suffolk County) District officials did not comply with the board’s computer control policy. The … Financial Condition (Jefferson County) District officials did not maintain fund balance in accordance with statutory …
https://www.osc.ny.gov/press/releases/2017/01/state-comptroller-dinapoli-releases-school-auditsOpinion 91-33
… earned on deposit of bail) -- Deposit and Investment of (duty of county treasurer to deposit bail in interest-bearing … of common bank account for separate bail deposits); (duty of superior court to deposit retained bail in … of Taxation and Finance) CRIMINAL PROCEDURE LAW, §520.15(1)(a); CIVIL PRACTICE LAW AND RULES, §2601; 2 NYCRR 70.10, …
https://www.osc.ny.gov/legal-opinions/opinion-91-33New York Local Government Assistance Corporation
… All Prior Meetings Board of Directors Date Agenda Meeting Notice Adopted Minutes June 9, 2022 Agenda Meeting Notice June 25, 2021 Agenda Meeting Notice June 25, 2021, Minutes – Adopted June 9, 2022 March …
https://www.osc.ny.gov/debt/lgacState Agencies Bulletin No. 1971
… by Payroll Bulletin No. 1971.1 . Purpose The purpose of this bulletin is to provide step-by-step guidance to enter a Direct Deposit and provide the details of the new Direct Deposit Audit Locked Query resulting from the upgrade of the PayServ system to PeopleSoft version 9.2. Affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1971-direct-deposit-guidance-and-audit-queryAnnual Invoice
… Overview Your annual invoice is provided at the beginning of November. If … is available in Retirement Online . Payment for your annual invoice is due by February 1, 2026. Since this due … daily interest at a rate of 5.9 percent. Viewing Your Annual Invoice Sign in to Retirement Online . From Account …
https://www.osc.ny.gov/retirement/employers/annual-invoiceState Comptroller DiNapoli Releases Municipal Audits
… P. DiNapoli today announced his office completed audits of the Town of Carlisle , Keeseville Volunteer Fire Department , City of Niagara Falls and the Village of Sagaponack . "In … P DiNapoli today announced his office completed audits of the Town of Carlisle Keeseville Volunteer Fire Department …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-releases-municipal-audits-0East Clinton Fire District – Internal Controls Over Financial Operations (2012M-194)
… by an elected five-member Board of Fire Commissioners and has 57 volunteer members. The District’s budgets for 2011 and 2012 were $515,500 and $524,500, respectively. Key Findings District officials …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/04/east-clinton-fire-district-internal-controls-over-financial-operationsCity of Glen Cove -- Budget Review (B17-7-12)
… Purpose of Budget Review The purpose of our budget review was to determine whether the significant … budget review issued in October 2016. Background The City of Glen Cove, located in Nassau County, issued debt totaling … City of Glen Cove Budget Review B17712 …
https://www.osc.ny.gov/local-government/audits/city/2017/10/13/city-glen-cove-budget-review-b17-7-12City of Newburgh -- Budget Review (B18-6-12)
… the significant revenue and expenditure projections in the City’s proposed budget for the 2019 fiscal year are reasonable. Background The City … annual budgets must be submitted to the State Comptroller for examination and recommendations. Key Findings The …
https://www.osc.ny.gov/local-government/audits/city/2018/11/16/city-newburgh-budget-review-b18-6-12Sullivan County – County Jail Operations (2013M-33)
… Purpose of Audit The purpose of our audit was to examine County jail operations and … Background Sullivan County is located in the southern part of New York State and has a population of 77,547. The County …
https://www.osc.ny.gov/local-government/audits/county/2013/06/14/sullivan-county-county-jail-operations-2013m-33City of Long Beach – Budget Review (B18-7-5)
… the significant revenue and expenditure projections in the City’s proposed budget for the 2018-19 fiscal year are reasonable, and whether the … fund operating deficits to submit their proposed budgets for the next fiscal year to the State Comptroller for review …
https://www.osc.ny.gov/local-government/audits/city/2018/05/08/city-long-beach-budget-review-b18-7-5City of Lockport -- Budget Review (B7-1-14)
… accumulated deficits in the City’s general, refuse, water and sewer funds as of December 31, 2013. The Act requires the … State Comptroller each year, beginning January 1, 2015, and for each subsequent fiscal year during which the debt … matters described in this letter, the significant revenue and expenditure projections in the proposed budget appear …
https://www.osc.ny.gov/local-government/audits/city/2017/11/01/city-lockport-budget-review-b7-1-14DiNapoli: Farms Generated $5.7 Billion for New York Economy
… Thomas P. DiNapoli. “Agriculture is an essential part of New York’s economy,” DiNapoli said. “Farms generate billions of dollars in sales, provide jobs and enhance our quality of life. But farmers face challenges including fluctuating …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-farms-generated-57-billion-new-york-economyComptroller DiNapoli Releases Municipal Audits
… to ensure fundraising money is safeguarded. There was no report prepared of expenditures, revenues and starting cash, … its financial condition. City of Norwich – Emergency Medical Services (EMS) Billing (2019M-112) The EMS Department … bill for 614 incidents resulting in $417,600 of unbilled medical services and inaccurately billed 9 incidents totaling …
https://www.osc.ny.gov/press/releases/2019/08/comptroller-dinapoli-releases-municipal-audits-0DiNapoli: Clerk Pocketed Thousands in Fines
… Lisa Dillon after an investigation with the St. Lawrence County Sheriff’s Office found the former town of Norfolk justice court clerk misappropriated nearly $10,000 in court fees paid by defendants. “Ms. Dillon was entrusted … to conceal her crimes,” DiNapoli said. “The St. Lawrence County Sheriff’s Office was instrumental in helping my staff …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-clerk-pocketed-thousands-fines