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Implications for the Future – 2021 Financial Condition Report
… pandemic will heavily influence economic activity for the foreseeable future. Outbreaks of new variants, … services and other essential programs. In recent years, for example, new federal funding has helped to extend health … level until SFY 2023-24. However, total tax collections for SFY 2020-21 ended the year $6.8 billion higher than …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureDiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… by 1.2% in FY 2023. This figure, while reasonable, does not reflect the potential impact of a recession. City … to between $3.1 billion and $4.4 billion if similar drops occurred in FY 2023. City funds are projected to … its budgetary practices, such as its reserve policy , to help ensure wise budgetary policy making going forward. …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeDiNapoli: Former Hempstead School Official and Local Restauranteur Indicted in Kickback Scheme
… and Maria Caliendo, the owner of food service providers Smart Starts NY, Inc. (Smart Starts), and Prince Umberto’s restaurant in Franklin … helped secure lucrative contracts for Caliendo’s company, Smart Starts, to provide prepackaged breakfast meals for …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-former-hempstead-school-official-and-local-restauranteur-indicted-kickback-schemeDiNapoli: Longtime Dunkirk Treasurer Indicted for Embezzling Over $120K From City
… exposed irregularities that had previously been concealed. These findings were immediately referred to the … known as a “check for cash substitution scheme” where he concealed the shortfall in city collections caused by his …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-longtime-dunkirk-treasurer-indicted-embezzling-over-120k-cityDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… pandemic further delayed the case. The State Comptroller’s Office, United States Postal Inspection Service, U.S. Securities and Exchange … Track state and local government spending at Open Book New York . Under State Comptroller DiNapoli’s open …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeNew York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s Office is committed to keeping New … rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and … Unemployment rates for New York State New York City and the balance of the State …
https://www.osc.ny.gov/reports/covid-19-february-3-2021Distribution of Utility Arrears in New York State
… are downstate: 60 percent of customers in arrears are in New York City and Long Island and they comprise 68 percent of … arrears reported by the State’s largest electric and gas utilities. These utilities are investor owned and serve … Two of these utilities, New York State Electric and Gas (NYSEG) and National Grid Upstate (Grid U), serve …
https://www.osc.ny.gov/reports/distribution-utility-arrears-new-york-stateCentral Office – Controls Over Bank Accounts
… (Policy), effective July 1, 2008, requires the University Controller to ensure that each bank account complies with … According to the Policy, the Office of the University Controller (OUC) is responsible for managing centralized cash …
https://www.osc.ny.gov/state-agencies/audits/2017/11/29/central-office-controls-over-bank-accountsDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… to a two-year projection of their annual pension bill six weeks earlier than in previous years. Employers use this …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18Comptroller DiNapoli Releases School Audits
… that schools make every dollar count,” DiNapoli said. “By auditing school district and charter school finances and … to provide taxpayers the assurance that their money is being spent appropriately and effectively.” Greenport Union … 2012-13, district officials underestimated revenues by a total of $5.2 million and overestimated appropriations by a …
https://www.osc.ny.gov/press/releases/2014/09/comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases School Audits
… audits of Salamanca City School District , Saranac Lake Central School District , Science Academies of New York … with balances totaling approximately $4.1 million. Saranac Lake Central School District – Financial Management and … completed audits of Salamanca City School District Saranac Lake Central School District Science Academies of New York …
https://www.osc.ny.gov/press/releases/2018/04/state-comptroller-dinapoli-releases-school-auditsComptroller DiNapoli Releases Municipal Audits
… the total fund balance of the general, water and sewer funds by $114,572, $74,000 and $42,300. Village of Bellerose …
https://www.osc.ny.gov/press/releases/2014/12/comptroller-dinapoli-releases-municipal-auditsDiNapoli and Schneiderman Announce Guilty Plea in $120K Fraud of State Pension Benefits
… that Graycelia Cizik, 64, a resident of Polk County, Florida, pleaded guilty to a one-count indictment charging … 2014 by agents of the Polk County Sheriff’s Office in Florida and extradited to Albany County to face the … Schneiderman thank the Polk County Sheriff’s Office in Florida for their assistance. Anyone with additional …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-and-schneiderman-announce-guilty-plea-120k-fraud-state-pension-benefitsIV.4.D Debt Service – IV. Accounting Codes - Uses and Descriptions
… received from swap counterparties. 60455 DS Offset – Cash Defeasance Used when a State debt issuer (most likely a public authority) is using some excess cash on hand to defease some routine debt payment and offsetting the amount of cash the Authority would draw from the State by this amount. 60457 DS Offset – …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv4d-debt-service-1Monitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance (Follow-Up)
… to promote public welfare and to prevent cemeteries from falling into disrepair or insolvency. Our initial audit …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenance-followDiNapoli Calls on Companies to Increase Board Diversity
… New Residential Investment Corp., Sinclair Broadcast Group and Trip Advisor — seeking increased board diversity, … portfolio of public and private equities, fixed income, real estate and alternative instruments. …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-calls-companies-increase-board-diversityOversight and Collection of Snowmobile Registration Fees
… snowmobile registration fees and to assess its snowmobile regist …
https://www.osc.ny.gov/state-agencies/audits/2013/07/11/oversight-and-collection-snowmobile-registration-feesTowns’ Road Management Plans (2014-MR-2)
… During fiscal stress, towns often defer critical road infrastructure needs in order to fund daily services. However, preventive maintenance can extend road life and help towns save money. A long-term plan, adopted by the town’s board, is critical to support road maintenance efforts and can also help towns obtain …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2015/03/20/towns-road-management-plans-2014-mr-2Wage Theft Investigations
… investigation. As the investigative and restitution arm of worker and wage protection, the Division conducts wage theft … had been open more than one year since the initial claim was received. The Division's Workforce Protection …
https://www.osc.ny.gov/state-agencies/audits/2014/06/06/wage-theft-investigationsDiNapoli: Former Riverside Village Clerk Pleads Guilty in $50,000 Theft
… years probation and $50,000 in restitution. Johnson was fired by the village in 2013 and subsequently moved to Kings …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-former-riverside-village-clerk-pleads-guilty-50000-theft