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XI.2.I Unilateral Termination Provisions – XI. Procurement and Contract Management
… to terminate the contract for convenience. While there is no legal prohibition against the use of such a clause, … the period for which the service is to be provided. In short, such a clause provides the vendor with the ability to … over other bidders who based their bids on the full term of the agreement as set forth in the solicitation issued …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2i-unilateral-termination-provisionsDiNapoli Calls for Long-Needed State Debt Reform
… over the years in state budgets. Since the Debt Reform Act was passed in 2000, state-supported debt … in State Fiscal Year (SFY) 2021-22 to $88 billion in SFY 2026-27. A new report by State Comptroller Thomas P. DiNapoli … issued by public authorities, primarily personal income tax and sales tax revenue bonds issued on behalf of the …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-calls-long-needed-state-debt-reformUnclaimed Property Relating to Insurance Companies
Unclaimed property subject to Article VII of the Abandoned Property Law includes: Matured endowments, Life insurance proceeds when the insured reached the limit
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/insurance-companies.pdfDiNapoli: Tax Cap Remains at Two Percent for 2020
… for all counties, towns, fire districts, 44 cities and 10 villages. "The allowable levy growth will be 2 percent for the second year in a row, however, mixed economic signals may require local … the state's 160,000 contracts, billions in state payments and public authority data. Visit the Reading Room for …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-tax-cap-remains-two-percent-2020CVS Health - Accuracy of Drug Rebate Revenue Remitted to the Department of Civil Service (Follow-Up)
… of implementation of the five recommendations included in our initial audit report, CVS Health – Accuracy of Drug … for the period January 1, 2014 through December 31, 2018. In accordance with the contract, CVS Health was required to … rebate revenue related to Empire Plan drug utilization in accordance with its contract with Civil Service. Our audit …
https://www.osc.ny.gov/state-agencies/audits/2020/12/29/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)
To assess the extent of implementation of the two recommendations included in our initial audit report Accuracy of Drug Rebate Revenue Remitted to the Department of Civil Service Report 2019S51
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)
… Remitted to the Department of Civil Service (Report 2018-S-50 ). About the Program The New York State Health … for the period January 1, 2014 through December 31, 2018. In accordance with the contract, CVS Health was … audit covered the period January 1, 2014 through June 30, 2018. We reviewed the rebate revenue generated from …
https://www.osc.ny.gov/state-agencies/audits/2021/02/08/cvs-health-accuracy-drug-rebate-revenue-remitted-department-civil-service-followState Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch To Support Community Banking in Red Hook
… Development District (BDD) and deposited $10 million in public funds to the bank. The BDD program, administered by … Comptroller’s office makes public deposits available to banks and credit unions to open or maintain a bank branch. … state's Banking Development District program helps bring banks where they are desperately needed and invests in their …
https://www.osc.ny.gov/press/releases/2025/03/state-comptroller-dinapoli-and-department-financial-services-superintendent-harris-designate-newState Comptroller DiNapoli Releases Municipal & School Audits
… P. DiNapoli today announced the following local government and school audits were issued. Schenectady County – … While the county’s investments were generally legal, safe and liquid, county officials did not develop and manage a comprehensive investment program. Officials also …
https://www.osc.ny.gov/press/releases/2025/08/state-comptroller-dinapoli-releases-municipal-school-audits-1What Not to Report – Legacy Reporting
… PFRS (15 percent of regular salary) members Overtime which is paid by private, non-governmental entities Payments made … 125 of the Internal Revenue Code: “…by an employee who is a participant in the New York State and Local Employees’ … thereto, any salary reduction elected by an employee who is a participant in the New York State and Local Police and …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportNew York State Comptroller DiNapoli: Wall Street Profits Rose in 2018, But Bonuses Fell
… Securities industry profits in 2018 were 11 percent higher than the previous year, but the average bonus paid to industry employees in New York City declined by almost 17 percent to $153,700, … Comptroller Thomas P. DiNapoli. “Despite a sharp decline in the financial markets in the fourth quarter of 2018, the …
https://www.osc.ny.gov/press/releases/2019/03/new-york-state-comptroller-dinapoli-wall-street-profits-rose-2018-bonuses-fellMarcellus Central School District – Online Banking (2020M-66)
… used for online banking and none of the employees involved in online banking received Internet security awareness … to perform online transactions and that employees involved in online banking receive Internet security awareness …
https://www.osc.ny.gov/local-government/audits/school-district/2020/09/11/marcellus-central-school-district-online-banking-2020m-66Member Outreach and Presentations
… 5 years of retirement to learn about: Their NYSLRS pension and how their pension benefit will be calculated; Preparing to retire and using Retirement Online , which is the fastest and most convenient way to access account information and … NYSLRS Services and Requests …
https://www.osc.ny.gov/retirement/employers/member-outreach-and-presentationsCambria Housing Authority – Financial Management (2015M-316)
… was to determine if expenditures were itemized, supported and for proper Authority purposes, and if tenants’ income was verified on an annual basis for … 2015. Background The Cambria Housing Authority is located in the Town of Cambria in Niagara County. The Authority, …
https://www.osc.ny.gov/local-government/audits/public-authority/2016/02/12/cambria-housing-authority-financial-management-2015m-316DiNapoli: Economic and Tax Collection Growth Slowing in New York City
… with budgeting going forward amid slowing economic growth and tax collections, according to a report on the city’s … finances have been boosted by strong economic growth and conservative tax revenue forecasts in recent … about the future, including a slowing economy here and abroad. Mayor de Blasio’s cautious approach to FY 2017 is …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-cityGreene Central School District – Financial Condition (2016M-17)
… Purpose of Audit The purpose of our audit was to assess District … a reserve policy that established reserves to be used, how they would be funded and when they would be used. The … fund balance, where allowed by law, or use the reserve funds for their designated purposes …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/greene-central-school-district-financial-condition-2016m-17Somers 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-74New 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 deductions for millions of New Yorkers and threaten higher costs for essential public … rush to judgement, it is hard to conclude that the members of Congress voting for these plans have a much clearer …
https://www.osc.ny.gov/press/releases/2017/12/new-york-state-comptroller-thomas-p-dinapoli-statement-federal-tax-reformMTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
… time, is expected to cost nearly $9 billion when finished in 2019, more than twice the MTA’s initial cost estimate and a decade later than expected, according to a report … transportation project and the first expansion of the LIRR in more than 100 years. Initially expected to cost $4.3 …
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budgetOrdinary Death Benefit – Regional State Park Police Plan
… insurance, which is currently exempt from federal income tax. Your accumulated contributions (if any) are also payable …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefit