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Upstate New York Company Delivers $450,000 Investment Gain To The State Pension Fund
… inception, the program has returned nearly $300 million to the Fund. "ClearMomentum is part of a growing list of … local economies. Our program continues to serve as a model for public pension funds around the country looking to … instruments and has consistently been ranked as one of the best managed and best funded plans in the nation. Over the …
https://www.osc.ny.gov/press/releases/2015/02/upstate-new-york-company-delivers-450000-investment-gain-state-pension-fundDiNapoli: NYS Pension Fund Commits $50 Million to NY Small Business Investment Fund
… committed $50 million to a private equity fund managed by Hamilton Lane aimed at supporting small businesses across New … Investment Company (SBIC) Fund II L.P., managed by Hamilton Lane. The SBIC Fund II has approximately $150 … II was launched in 2022 and is built upon the success of Hamilton Lane’s first SBIC offering, the New York SBIC Fund …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-nys-pension-fund-commits-50-million-ny-small-business-investment-fundOpinion 90-44
… -- Compensation (salary exclusive of fringe benefits for purposes of village budget hearing) WORDS AND PHRASES -- Compensation (for purposes of Village Law, §5-508[3]) VILLAGE LAW, §5-508: … to include a statement of the proposed "compensation" for each member of the board of trustees. You ask whether the …
https://www.osc.ny.gov/legal-opinions/opinion-90-44Unified Court System Bulletin No. UCS-245
… OSC will automatically calculate adjustments resulting from the retroactive Judicial Longevity (Earnings Code JLO) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-245-april-2017-unified-court-system-state-new-york-ucs-retroactiveXIV.13.B Error Identification and Resolution – XIV. Special Procedures
… Interest is paid to the vendor at the same time the voucher is paid. Pursuant to Section 179-h of the State Finance Law, … an interest reclassification journal entry has errors and is unable to post in SFS. State agencies are expected to … Interest is paid to the vendor at the same time the voucher is paid …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv13b-error-identification-and-resolutionDiNapoli Releases Report on Environmental Funding in New York State
… quality. DEC programs range widely from managing fish and game populations and overseeing the extraction of natural …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-releases-report-environmental-funding-new-york-stateOpinion 90-16
… officer or employee has an "interest" in any contract with the municipality if he or she receives a direct or … 301; In re Board of Health of Village of Lansingburg , 43 App Div 236, 60 NYS 27; but cf . People ex rel. Van Denbergh v Town Board of Town of Colonie , 254 App Div 54, 4 NYS2d 434, pertaining to the status of a local …
https://www.osc.ny.gov/legal-opinions/opinion-90-16Controls Over Selected Expenditures (Follow-Up)
… extent of implementation of the recommendation included in our initial audit report, Controls Over Selected … to innocent victims of crime and their families in a timely, efficient, and compassionate manner; to fund … services. However, we identified minor discrepancies in OVS’ verification of FRE provider licenses and recommended …
https://www.osc.ny.gov/state-agencies/audits/2020/09/02/controls-over-selected-expenditures-followDiNapoli Releases Report on SFY 2024-25 Financial Plan
… in a relatively stable position, but continues to have a structural budget deficit, with a cumulative three-year … increasing rainy day reserves,” DiNapoli said. “But the structural imbalance in the state’s finances remains. With … resources for recurring spending worsens the state’s structural imbalance. Priority should be placed on directing …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-releases-report-sfy-2024-25-financial-planNew York State Department of Labor - Unemployment Insurance Payments to County Jail Inmates (2015M-278)
… of Labor (NYSDOL) discontinued unemployment insurance (UI) benefit payments to county jail inmates in a timely … who are incarcerated in jails are not eligible for UI benefits. NYSDOL has the responsibility for monitoring jail inmates’ eligibility for UI benefits. Key Findings NYSDOL does not have complete and …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/12/02/new-york-state-department-labor-unemployment-insurance-payments-countyTown of Thurston – Financial Management (2013M-280)
… Purpose of Audit The purpose of our audit was to review the Town’s financial management, budgeting … adopt a policy, or ensure that procedures were in place, to govern the level of fund balance to be maintained. As a result, the general and highway funds’ … The purpose of our audit was to review the Towns financial management budgeting practices …
https://www.osc.ny.gov/local-government/audits/town/2014/07/18/town-thurston-financial-management-2013m-280Town of Alexander – Internal Controls Over Justice Court Operations (2013M-195)
… Purpose of Audit The purpose of our audit was to review the Town’s internal controls over Court operations … has presided since 2011. Each Justice has a Court clerk to assist with Court activity. Key Findings Neither Justice … receipts, or properly reports pending and disposed cases to DMV. Our review of Justice Hise’s records disclosed a $721 …
https://www.osc.ny.gov/local-government/audits/town/2013/10/04/town-alexander-internal-controls-over-justice-court-operations-2013m-195Opinion 99-10
… Performance Contracts (maximum term) -- Term (maximum term for energy performance contracts) WORDS AND PHRASES -- "Expected Useful Life" (for purpose of the maximum term of energy performance … or equipment subject to an energy performance contract, for purposes of Energy Law, §9-103, is the estimated period …
https://www.osc.ny.gov/legal-opinions/opinion-99-10DiNapoli: Audits Find $70 Million in Dubious Claims, Persistent Medicaid Billing System Failures
… separate audit of Medicaid claims processing from April 1, 2014 through Sept. 30, 2014 found another $33 million in actual and potential … response, Medicaid Claims Processing Activity April 1, 2014 Through Sept. 30, 2014 , or go to: …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-audits-find-70-million-dubious-claims-persistent-medicaid-billing-system-failuresLicensing and Monitoring of Proprietary Schools
… for 92 schools (72 percent), the OEDSs contained apparent math errors and were not rejected despite Bureau officials stating that they look for math errors. Because students rely on this information to …
https://www.osc.ny.gov/state-agencies/audits/2021/01/21/licensing-and-monitoring-proprietary-schoolsState Agencies Bulletin No. 2353
… Tuition Reimbursement and Certification and Licensure Exam Fee Reimbursement (CLEFR) through PayServ. Affected … has received the full non-taxable amount. CLE Cert Lic Exam Fee Reimburse This taxable CLEFR reimbursement will be … Tuition Reimbursement and Certification and Licensure Exam Fee Reimbursement CLEFR through PayServ …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2353-new-earn-codes-tuition-reimbursement-and-certification-and-licensureDiNapoli: Shift in MTA's Paratransit Program Generates Cost Savings
… Costs for the Metropolitan Transportation Authority’s (MTA) program to provide transportation services for people with … In 2017, the MTA initiated a limited on-demand pilot program known as E-Hail. Phase II of the program will expand from 1,200 to 3,600 participants along …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-shift-mtas-paratransit-program-generates-cost-savingsState Agencies Bulletin No. 2073
… Article 49.2 of the 2021-2026 ISU Agreement between the State of New York and the Civil Service Employees Association (CSEA) and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2073-2022-csea-work-related-clothing-allowance-and-2021-uniform-maintenanceState Agencies Bulletin No. 2175
… Article 49.2 of the 2021-2026 ISU Agreement between the State of New York and CSEA and the Office of Employee Relations (OER) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2175-2023-csea-work-related-clothing-allowance-and-2023-uniform-maintenanceBus Wait Assessment and Other Performance Indicators
… each of its assessed (terminal or en route) time points. Schedulers at both Transit and MTA Bus are responsible for … during the period under review. Determinations made by Schedulers to provide more or less service than the official …
https://www.osc.ny.gov/state-agencies/audits/2019/05/07/bus-wait-assessment-and-other-performance-indicators