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Examples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting … Sample City Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended … out (290,000) (211,409) (501,409) (175,003) Change in net assets 4,632,009 (1,412,124) 3,219,885 (758,808) Total …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsNewburgh Fire Chief Charged in White Plains Federal Court with Fraudulently Obtaining Retirement Benefits
… White Plains Division. Assistant U.S. Attorney James McMahon is in charge of the prosecution. The charge contained …
https://www.osc.ny.gov/press/releases/2016/01/newburgh-fire-chief-charged-white-plains-federal-court-fraudulently-obtaining-retirement-benefitsMedicaid Program – Administrative Costs Used in Premium Rate Setting of Mainstream Managed Care Organizations
… applying the administrative costs in determining MCO premium rates. Our audit covered the period January 1, 2011 … disadvantaged and/or have special health care needs. The New York State Medicaid program is administered by the … For the State fiscal year ended March 31, 2015, New York’s Medicaid program had approximately 7.1 million …
https://www.osc.ny.gov/state-agencies/audits/2017/09/13/medicaid-program-administrative-costs-used-premium-rate-setting-mainstream-managed-careDiNapoli: Ralph Lauren Should Ensure Human and Worker Rights are Upheld in its Operations
… and actual human rights risks in its operations and supply chain. “The devastating loss of life in the Rana Plaza … to ensure human rights are upheld there and throughout its supply chain. Safety in the workplace is not just a human … and retirees and their beneficiaries. The Fund has a diversified portfolio of public and private equities, fixed …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-ralph-lauren-should-ensure-human-and-worker-rights-are-upheld-its-operationsDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… included an additional $500 million allocation to Artemis Real Estate Partners for real estate investments, an additional $300 million …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programState Falls Short in Verifying if Companies Qualify for Tax Breaks Under Excelsior Program
… the entity in charge of doling out millions of dollars in tax credits to companies that pledge to expand in New York state, could … their obligations or even justify giving the businesses tax breaks in the first place, according to an audit released … their obligations or even justify giving the businesses tax breaks in the first place according to an audit released …
https://www.osc.ny.gov/press/releases/2016/07/state-falls-short-verifying-if-companies-qualify-tax-breaks-under-excelsior-programDiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program
… The transaction raises the total commitments of DiNapoli's In-State Private Equity Program (the In-State Program) to … and is always looking for opportunities that meet the Fund's standards of risk and return. Since 2000, the program has … an additional $155 million to target early-stage and seed investment opportunities. The latest $20 million …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-programDiNapoli: ESD Falls Short in Evaluation of Nearly $2 Billion of Economic Development Programs
… development programs, has failed to fully evaluate most of its programs to determine if they are boosting the … each year, which are posted on their website. However, most of these reports do not clearly measure program results, … economic development programs has failed to fully evaluate most of its programs to determine if they are boosting the …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-esd-falls-short-evaluation-nearly-2-billion-economic-development-programsDiNapoli: Local Sales Tax Collections in August Increase by Nearly 13% Over Last Year
… Local sales tax collections in New York state increased by 12.6% statewide in August compared to the same month in 2021, according to an analysis released today by State … Local sales tax collections in New York state increased by 126 statewide in August compared to the same month in 2021 according to an …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-local-sales-tax-collections-august-increase-nearly-13-percent-over-last-yearDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… best educate our children and pay for it,” DiNapoli said. “My office’s report identifies the regional changes and trends …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityDiNapoli Op-Ed in Democrat & Chronicle Calls for Swift Action to Address Growing Food Insecurity
… Rochester Democrat & Chronicle published an op-ed from New York State Comptroller Thomas P. DiNapoli highlighting … the urgent need to help the growing number of New Yorkers going hungry in the wake of the economic damage … led to skyrocketing unemployment, and pushed families to new levels of economic vulnerability. Moreover, our nation …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-democrat-chronicle-calls-swift-action-address-growing-food-insecurityDiNapoli Op-Ed in Buffalo News Urges Washington to Help Governments Hurt by COVID-19
… Congress has provided some financial support, but far too little to fill the gap. For most local governments facing …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-buffalo-news-urges-washington-help-governments-hurt-covid-19DiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… New York City is projecting a $3.4 billion surplus for city fiscal year (FY) 2021 because of better-than-projected revenues from income and corporate … released today by State Comptroller Thomas P. DiNapoli. “New York City’s finances have certainly been strained by the …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingDiNapoli: Jobs in NYC Construction Industry Took Huge Hit During Pandemic, Over 14% Decline
… City: Recent Trends and Impact of COVID-19 Spanish Version La industria de la construcción en la ciudad de Nueva York: tendencias recientes e impacto del COVID-19 …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-jobs-nyc-construction-industry-took-huge-hit-during-pandemic-over-14-declineDiNapoli Announces Review of State Health Department's Progress in Addressing Nursing Home Pandemic Failures
… homes,” said DiNapoli. “The audit released last year by my office exposed the devastating extent to which residents … were not adequately protected. Now, a year later, my office is initiating a follow-up review of the Department …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-announces-review-state-health-departments-progress-addressing-nursing-home-pandemic-failuresDiNapoli: State Agency Overtime Costs Grew by 47.2% in 2022, Marking an All-Time High
… today by State Comptroller Thomas P. DiNapoli. Overtime hours increased 11.1% to 22.2 million over the same period. … decline in the size of the workforce spurred longer hours on the job for many. However, overtime is not a long-term … the Office of Mental Health (OMH). Together they comprised 24% of the workforce but accounted for 67.5% of the overtime …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-state-agency-overtime-costs-grew-47-point-2-2022-marking-all-time-highDiNapoli: Employment Among Mothers in NYC Improves, But Unemployment Remains Higher Than Pre-Pandemic Levels
… were unemployed in 2022 compared to 3.4% nationally. Black mothers in the city are the hardest hit, facing an … of 62.2%. Employment outcomes vary by race and ethnicity. Black mothers faced the largest spike in unemployment during … raises concerns that the historic unemployment gap between Black and white mothers could remain stagnant or widen if all …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-employment-among-mothers-nyc-improves-unemployment-remains-higher-pre-pandemic-levelsDiNapoli: Local Sales Tax Collections Grow by 1.5% in April Compared to Last Year
… declines. Good cash management practices will help them weather unexpected shortfalls in collections.” For April 2023 … experienced some year-over-year decline. Livingston County had the largest decline at 20.6%. Rockland County experienced the strongest growth at 7.9%. These …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-local-sales-tax-collections-grow-1.5-percent-in-april-compared-last-yearDiNapoli: OTDA Needs to Improve Oversight of Services Provided to Those in Homeless Shelters
… of local departments of social services and homeless shelter providers to make sure those entering the shelters … per year from 2018 to 2022. Each client who enters a shelter must take part in a needs assessment and the … to be completed within the first 10 days of admission to a shelter. DiNapoli’s auditors found from January 2018 to …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-otda-needs-improve-oversight-services-provided-those-homeless-sheltersDiNapoli: Local Sales Tax Collections Increase by 3.6% in Third Quarter Over Last Year
… tax collections in New York state totaled $5.9 billion in the third calendar quarter of 2023 (July - September), an increase of 3.6%, or more than … tax collections in New York state totaled $59 billion in the third calendar quarter of 2023 July September an increase …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-local-sales-tax-collections-increase-3-point-6-percent-third-quarter-over-last-year