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Comptroller DiNapoli Releases Municipal Audits
… written multiyear financial and capital plans to help guide the budget development process or establish … that the council did not adopt policies that address how compensatory (comp) time will be authorized, earned and used. In addition, officials did not have a process to verify accrual balances prior to approving the …
https://www.osc.ny.gov/press/releases/2020/03/comptroller-dinapoli-releases-municipal-auditsVII.10.H Cash Advance Rollover – VII. State Revenues and Appropriated Loan Receivables
… Typically an agency will choose to transfer advance charges from an appropriation that is due to lapse so the … their advances from an old fiscal year appropriation to a new fiscal year appropriation must submit an AP Journal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10h-cash-advance-rolloverCVS 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 … June 30, 2018. We reviewed the rebate revenue generated from agreements CVS Health had with six drug manufacturers … or remit all rebate revenue to Civil Service. As a result, Civil Service was due $2,240,798 in rebates. Key …
https://www.osc.ny.gov/state-agencies/audits/2021/02/08/cvs-health-accuracy-drug-rebate-revenue-remitted-department-civil-service-followJustice Court Fund Reporting
The Office of the State Comptroller is replacing the Justice Court Fund Internet Report (JCFIR) with a new Justice Court Fund Reporting (JCR) application to collect the monthly court activities. Come learn about the new system’s features and how to access and navigate reports.
https://www.osc.ny.gov/files/local-government/academy/pdf/justice-court-fund-reporting-042424.pdfAccounting and Financial Reporting for Leases as Required by GASB Statement No. 87
This bulletin provides accounting and financial reporting guidance related to those contracts that meet the definition of a lease, and illustrates how local governments, and school districts will need to account and report these leases in their annual update document (AUD) and the ST-3.
https://www.osc.ny.gov/files/local-government/publications/pdf/accounting-and-financial-reporting-for-leases-required-by-gasb-87.pdfAccounting and Financial Reporting for Subscription-Based Information Technology Arrangements (SBITAs) as Required by GASB Statement No. 96
The purpose of this bulletin is to provide accounting and financial reporting guidance for subscription-based information technology arrangements (SBITAs) and illustrate how local governments and school districts will need to account for and report these SBITAs in the Annual Financial Report (AFR)
https://www.osc.ny.gov/files/local-government/publications/pdf/accounting-bulletin-gasb-96.pdfDiNapoli: Public Authorities Borrow and Spend Billions With Limited Transparency, Accountability
… of $13,487 for every resident in the state, according to a report issued today by New York State Comptroller Thomas P. … on behalf of other entities. The report also detailed how the state relies on public authorities as a backdoor …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-public-authorities-borrow-and-spend-billions-limited-transparency-accountabilityState Agencies Bulletin No. P-804
Sal Withhold Inst for Emp Appt to Certain Positions from SUNY NU 08 AND NU 41 Positions
https://www.osc.ny.gov/files/state-agencies/payroll-bulletins/pdf/agencies-p-804.pdfNYC's Shifting Population : The Latest Statistics
From April of 2020 to July of 2022, the New York City population declined by 5.3 percent.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-15-2024.pdfState Pension Fund Commits Additional $50 Million to Invest in New York-Based Companies
… made from this money will be overseen by Graycliff Partners, a new investment partner for the fund and one of 19 … to the In-State Program. Since 2007, three new managing partners have been added to oversee the program’s investments including Graycliff in 2014, Contour Venture Partners in 2011 and DFJ Gotham in 2009. “Graycliff Partners …
https://www.osc.ny.gov/press/releases/2014/11/state-pension-fund-commits-additional-50-million-invest-new-york-based-companiesNYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… Retirement Fund’s latest successful shareholder efforts to have corporations improve their environmental policies and … and take steps to address climate risk. “Climate change is a significant threat to our pension fund’s investments. We … included a goal of 100 percent of electricity derived from renewable sources by 2025. Vistra Energy Corp. (VST), a …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesComptroller DiNapoli Releases Municipal Audits
… are reasonable. The town’s 2020 tentative budget includes a proposed tax levy of $58,426,602. City of Lockport – Budget … however, the city did not appropriate any fund balance as a financing source in the 2020 general, water and sewer or … fees that the city has not previously assessed. Find out how your government money is spent at Open Book New York …
https://www.osc.ny.gov/press/releases/2019/11/comptroller-dinapoli-releases-municipal-auditsMohawk Valley Faces Challenges But Bright Spots Exist
… Schoharie County's economic efforts are largely centered on agriculture and related industries, such as SUNY … median ($268,300). However, regional home prices have been on the rise recently, with all counties seeing some increases … have focused much of their economic development efforts on making needed repairs and upgrades,as these assets are …
https://www.osc.ny.gov/press/releases/2018/07/mohawk-valley-faces-challenges-bright-spots-existDiNapoli: Local Law Enforcement Agencies Agree to Improve Sex Offender Monitoring
… taking immediate action when notified that convicted sex offenders have failed to comply with the state’s Sex Offender Registry Act, according to an audit issued …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-local-law-enforcement-agencies-agree-improve-sex-offender-monitoringComptroller DiNapoli Calls on Major Corporations to Report on Disability Inclusion
… to Microsoft. We encourage every organization to focus on this space and leverage the Disability Equality Index in that … 10.7 million potential skilled employees. Strong company policies are needed to ensure their workforce is inclusive of people with disabilities or risk missing out on an enormous pool of talented employees. Samples of the …
https://www.osc.ny.gov/press/releases/2019/01/comptroller-dinapoli-calls-major-corporations-report-disability-inclusionManagement of Invasive Species
… Objective To determine if the Department of Environmental Conservation … and systems. In New York, invasive species management is a collaborative effort between the Department and various … of spread. The Department also did not provide guidance on how to monitor provisions of permits that included invasive …
https://www.osc.ny.gov/state-agencies/audits/2020/07/23/management-invasive-speciesState Agencies Bulletin No. 1659
… Purpose To inform Agencies of the suspension of the Federal exclusion for qualified moving expense reimbursements from employee’s income and the creation of a new Earnings Code that should be used for taxing moving …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1659-tax-withholding-moving-expenses-tax-year-2018State Agencies Bulletin No. 865
… agencies with instructions for the review of employees who claim exempt from Federal and/or State tax withholding for … employees who claim exempt from Federal withholding must file a new Form W-4 (Employee’s Withholding Allowance … Withholding) annually from employees who claim exempt from NYS, NYC or Yonkers withholding. The Forms W-4 and IT-2104-E …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/865-claiming-exempt-federal-andor-state-tax-withholdingMedicaid Program – Optimizing Medicaid Drug Rebates
… Purpose To determine whether the Department of Health (Department) is maximizing revenues from Medicaid drug rebates. The audit covered the period … 1991, the State of New York has been able to recover a portion of the Medicaid prescription drug costs by …
https://www.osc.ny.gov/state-agencies/audits/2016/01/07/medicaid-program-optimizing-medicaid-drug-rebatesOpinion 93-20
… TOWN LAW, §37(1); MUNICIPAL HOME RULE LAW, §§10, 23(2)(f): A town, by local law, may require that checks issued by a … by another town officer. Such a local law would be subject to mandatory referendum in the case of an elective receiver. … by a designated town officer on checks transferring moneys from the receiver of taxes' account to another account. …
https://www.osc.ny.gov/legal-opinions/opinion-93-20