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DiNapoli: DOH Needs to Improve Drug Rebate Collections

… to address each audit’s recommendations. The department’s full responses are included in the audits. Read the audit, …

DiNapoli: State Contractor Failed to Pay Prevailing Wages

… state law by misrepresenting hours worked and rates paid in certified payrolls it submitted to OMH, according to an  … transition programs of the South Beach Psychiatric Center in Staten Island. It contracts with OMH to provide janitorial … After DiNapoli’s auditors met with Shorefront officials in January 2014, the officials said they took corrective …

DiNapoli: Town of Bennington Audit Leads to Arrest

… The clerk in the Wyoming County town of Bennington was arrested today … permits, fees and town tax collections but not deposited in the town’s bank accounts, according to New York State … Department and charged with one felony count of filing a false instrument and three misdemeanor counts of official …

New York City Economy Continues to Set Records

… 2007 financial crisis. The citywide unemployment rate fell from 10.1 percent in October 2009 at the height of the Great … employed in New York City, representing 42 percent of all workers. The unemployment rate for immigrants was below … of 34 percent. That accounts for nearly a quarter of all jobs added during this period. The leisure and …

DiNapoli Calls on Companies to Increase Board Diversity

… Advisor — seeking increased board diversity, inclusive of sex, race, ethnicity, age, gender identity and sexual … orientation. The companies are among hundreds with no women directors that DiNapoli has contacted as trustee of the … at a competitive disadvantage. And when companies fail to address shareholder concerns over lack of diversity they …

Medicaid Payments Made Pursuant to Medicare Part C (Follow-Up)

… Medicaid paid the entire cost-sharing liability billed by a provider, regardless of the amount requested. Our …

Collection of Fines Related to Tenant Complaints (Follow-Up)

… Homes and Community Renewal consists of the State’s major housing and community renewal agencies, including the … regarding the nearly 1 million regulated apartments in New York State. Our audit focused on harassment and … Furthermore, the audit found ORA did not exercise its full authority to collect outstanding fines in a timely manner. …

DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels

… Wall Street’s pandemic boom came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% from the $31 billion earned in the same period last year, according to State Comptroller … “The last two years of profits and bonuses fueled in part by the extraordinary federal response to the pandemic …

XVI.4 Accounting Policies and Principles Applicable to Agencies – XVI. Financial Reporting

DiNapoli: Public Authority Debt Ballooned to $329 Billion

… an increase of 23% ($61.5 billion) since 2017, according to a report released today by State Comptroller Thomas P. … office issues this periodic report on public authorities to shine a light on their finances and operations. However, … have shown, New York’s public authorities must do more to improve their transparency and accountability to the …

IX.8.D Electronic Refund Payments to the U.S. HHS – IX. Federal Grants

… an audit disallowance, or any scenario where there is no new cash being posted to SFS, and an expenditure is being …

DiNapoli Encourages New Yorkers to Save for College

… As the cost for a college education increases, more young people are struggling with the realities of paying off … loans. "Too many new college graduates are weighed down by a heavy debt burden that may take years to pay off," … spending, public authority financial data and information on 130,000 state contracts, visit Open Book New York . The …

Comptroller Authority to Audit Local Development Corporations (LDCs)

… A.3047 (Magnarelli) / S.4827 (Marchione) – Relates to audits by the State Comptroller of certain organizations … other government entities. Memo Bill Text Status … Relates to audits by the State Comptroller of certain organizations …

DiNapoli Urges NYC to Shore Up Rainy-Day Fund

… City officials to better prepare for financial downturns by evaluating the city’s rainy-day reserve fund, establishing … the Revenue Stabilization Fund), which was authorized by changes in state law and the city charter. This move made … drawn down from the reserves as soon as possible. By comparison, New York City does not currently have a …

DiNapoli: MTA Budget Continues to Face Serious Risks

… billion cost. While it is the largest capital program in the MTA’s history (costing 62 percent more than the … 2015-2019 program), not all sources of capital funding are in place. The federal government, for example, will need to approve congestion pricing, which is expected to begin in early 2021 and generate $15 billion for the capital …

DiNapoli: Gaming Commission Slow to Collect Casino Fees

… Rivers Casino & Resort, the Lago Resort & Casino, Resorts World, or the Tioga Downs Casino. In November 2020, the …

DiNapoli: Molson Coors Agrees to Disclose Political Spending

… Coors Beverage Co., one of the world’s largest brewers, to comprehensively disclose its political spending, New York … trustee of the Fund, announced today. In response to the agreement, the Fund withdrew its shareholder … bottom line at risk. I commend Molson Coors for agreeing to our request.” The company agreed to disclose all of its …

DiNapoli: State Tax Collections Continue to Exceed Projections

… $30.9 billion, almost $17 billion more than received in the same period last year, spurred in part by a $13.5 billion year-to-year increase in personal income tax (PIT) receipts. Much of this change is …

I.3 Guide to Financial Operations Account Codes Procedure – I. OSC Guide to Financial Operations Overview

… system processing. OSC will periodically update Chapter IV in conjunction with system table updates. This ensures that the most current codes exist in the Guide at all times. If agencies require updates to the … the account codes and statewide procedures can be found in Chapter IV – Accounting Codes – Uses and Descriptions of …

I.2 Organization of the Guide to Financial Operations – I. OSC Guide to Financial Operations Overview

… sections differentiate between policies related to users of legacy systems and users of the Statewide Financial System (SFS). Chapters are …