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State Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch To Support Community Banking in Red Hook
… New York State Comptroller Thomas P. DiNapoli and Department of Financial Services Superintendent Adrienne A. Harris today announced the approval of Spring Bank’s Red Hook Branch as a Banking … for our communities in need. I look forward to seeing how Spring Bank will provide much-needed access to affordable …
https://www.osc.ny.gov/press/releases/2025/03/state-comptroller-dinapoli-and-department-financial-services-superintendent-harris-designate-newDiNapoli Calls for Long-Needed State Debt Reform
… New York state has one of the nation’s highest debt levels, largely because measures to restrict … reform to improve debt affordability and protect New York’s fiscal health. Debt service is projected to consume an … Excessive debt is costly to residents and misuse of debt can result in inadequate investments in needed capital …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-calls-long-needed-state-debt-reformMore State Investment and Policies Can Create New Opportunities in Hudson Valley Which Saw Unique Gains
… engine for their communities and an essential part of our food supply system. This is especially true in the Hudson Valley where sales of farm products topped $300 million in 2022. The region also … statewide trends, seeing growth in both the number of farms and in farmland in some counties. Access to fresh, …
https://www.osc.ny.gov/press/releases/2024/11/more-state-investment-and-policies-can-create-new-opportunities-hudson-valley-which-saw-unique-gainsCVS Health – Accuracy of Drug Rebate Revenue Remitted to the Department of Civil Service (Follow-Up)
… The Empire Plan is the primary health benefits plan for NYSHIP, serving 1.1 million members. Civil Service … to administer the Empire Plan’s prescription drug program for the period from January 1, 2014 through December 31, … required to negotiate agreements with drug manufacturers for rebates and remit the rebate revenue to Civil Service. …
https://www.osc.ny.gov/state-agencies/audits/2021/11/16/cvs-health-accuracy-drug-rebate-revenue-remitted-department-civil-service-followCVS Health – Accuracy of Drug Rebate Revenue Remitted to the Department of Civil Service (Follow-Up)
… Objective To determine the extent of implementation of the six recommendations included in our initial audit report, CVS Health - Accuracy of Drug Rebate Revenue Remitted to the … health insurance coverage to over 1.2 million active and retired State, local government, and school district …
https://www.osc.ny.gov/state-agencies/audits/2021/02/08/cvs-health-accuracy-drug-rebate-revenue-remitted-department-civil-service-followCVS Health - Accuracy of Drug Rebate Revenue Remitted to the Department of Civil Service (Follow-Up)
… Objective To determine the extent of implementation of the five recommendations included in our initial audit report, CVS Health – Accuracy of Drug Rebate Revenue Remitted to the … health insurance coverage to over 1.2 million active and retired State, local government, and school district …
https://www.osc.ny.gov/state-agencies/audits/2020/12/29/cvs-health-accuracy-drug-rebate-revenue-remitted-department-civil-service-followVendRep System Guide for Vendors
… for the creation, completion, certification, and review of electronic versions of Vendor Responsibility … to view the roles that have been assigned to you. If you do not have the correct roles assigned to you, contact your … Comptroller's Office. The data includes contract statuses, i.e., in-progress, approved and non-approved by OSC. Click …
https://www.osc.ny.gov/state-agencies/contracts/vendrep-system-guide-vendorsMarcellus Central School District – Online Banking (2020M-66)
… appropriate and secure. Key Findings Officials segregated the duties of employees responsible for online banking … procedures. Officials entered into agreements with the District’s banks, but did not require confirmations for all electronic transactions. The online banking policy does not clearly indicate how …
https://www.osc.ny.gov/local-government/audits/school-district/2020/09/11/marcellus-central-school-district-online-banking-2020m-66Cyber Incident Response Team
… is to provide leadership, coordination, and support for efforts to prevent, protect against, prepare for, respond to, and recover from terrorism and other … agencies, local governments, and public authorities. (For the purposes of this report, we consider non-Executive …
https://www.osc.ny.gov/state-agencies/audits/2021/11/12/cyber-incident-response-teamNew York State Comptroller Thomas P. DiNapoli Statement on Federal Tax Reform
… "Both houses of Congress are fighting to enact sweeping tax changes that would eliminate important … projects. "Middle-class families and individuals have no clear idea how the Republican tax plans will … push a flawed piece of legislation over the finish line is not a legislative victory for taxpayers." … Both houses of …
https://www.osc.ny.gov/press/releases/2017/12/new-york-state-comptroller-thomas-p-dinapoli-statement-federal-tax-reformMember Outreach and Presentations
… will provide an interactive 1-2 hour presentation for members who are within 5 years of retirement to learn … information and conduct business with NYSLRS; Applying for retirement and what to expect after submitting their … such as returning to work and when they will be eligible for a cost-of-living adjustment. We encourage your employees …
https://www.osc.ny.gov/retirement/members/member-outreach-presentationsCambria Housing Authority – Financial Management (2015M-316)
… Purpose of Audit The purpose of our audit was to determine if expenditures … Tenant files did not contain documentation indicating how the Authority calculated rental amounts. The Authority …
https://www.osc.ny.gov/local-government/audits/public-authority/2016/02/12/cambria-housing-authority-financial-management-2015m-316Greene Central School District – Financial Condition (2016M-17)
… Purpose of Audit The purpose of our audit was to assess District officials’ … schools with approximately 1,070 students, is governed by an elected seven-member Board of Education. Budgeted … $24.7 million. Key Findings The Board did not adopt a reserve policy that established reserves to be used, how …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/greene-central-school-district-financial-condition-2016m-17What Not to Report – Legacy Reporting
… Overtime that exceeds the annual overtime limitation for Tier 5 and Tier 6 ERS and PFRS (15 percent of regular salary) members … Payment for unused vacation for Tiers 2, 3, 4, 5 and 6 and Tier 1 members with a date of membership on or after April 1, …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportSomers Central School District – Fixed Assets (2016M-74)
… Purpose of Audit The purpose of our audit was to review controls over the District’s fixed assets and information technology equipment for the period July 1, 2014 through December 1, 2015. Background …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/somers-central-school-district-fixed-assets-2016m-74Opinion 89-64
… CONSTITUTIONAL LAW -- Gifts and Loans (consideration paid for the purchase of property) REAL PROPERTY -- Acquisition Generally (consideration paid) … LAW, §247; VILLAGE LAW, §1-102(1): When purchasing real property, a village board of trustees has a fiduciary …
https://www.osc.ny.gov/legal-opinions/opinion-89-64Awarding and Oversight of Statewide Interoperable Communications Grants (Follow-Up)
… of implementation of the three recommendations included in our initial audit report, Awarding and Oversight of … the Division awarded SICG funding to qualified recipients in accordance with its requirements, and that it assessed and … in our original audit. Of the three prior recommendations, all three were implemented. Key Recommendations None Other …
https://www.osc.ny.gov/state-agencies/audits/2018/11/13/awarding-and-oversight-statewide-interoperable-communications-grants-followMTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
… MTA’s initial estimate of $709 million to $1.9 billion, an increase of 170 percent. The cost of the Queens segment, … has grown from less than $2.2 billion to $5.6 billion, an increase of more than 150 percent. The federal government’s … the completion of East Side Access in 2019, is expected to increase overcrowding on subway platforms and surrounding …
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budgetDiNapoli: Economic and Tax Collection Growth Slowing in New York City
… future, including a slowing economy here and abroad. Mayor de Blasio’s cautious approach to FY 2017 is warranted given …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-citySelected State Agencies’ Roles in Financial Literacy (Follow-Up)
… Objective To assess the extent of implementation of the five recommendations included in our initial audit … and state levels. As defined by the U.S. Department of the Treasury, financial literacy describes the skills, …
https://www.osc.ny.gov/state-agencies/audits/2024/10/23/selected-state-agencies-roles-financial-literacy-follow