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New York’s Economy and Finances in the COVID-19 Era
… The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and … Trends Survey Shows Ongoing Financial Insecurity for New Yorkers Nearly 30 percent of all New York households … of employment income within the next four weeks, according to new data from the Census Bureau’s Household Pulse Survey. …
https://www.osc.ny.gov/reports/covid-19-september-16-2020DiNapoli: 2023 Wall Street $34 Billion Bonus Pool Relatively Flat Over 2022
… The average annual Wall Street bonus dipped to $176,500 last year, a 2% decline … State Comptroller Thomas P. DiNapoli’s annual estimate. Wall Street’s profits were up 1.8% in 2023, but firms have … accounts for the slight decline in the average bonus. “Wall Street’s average cash bonuses dipped slightly from last …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-2023-wall-street-34-billion-bonus-pool-relatively-flat-over-2022Dutchess County Industrial Development Agency – Management Practices (2013M-251)
… of Audit The purpose of our audit was to evaluate the Dutchess County Industrial Development Agency (DCIDA) … which comprises seven members who are appointed by the Dutchess County Legislature. DCIDA reported 33 active … 12 PILOT agreements with 21 businesses. Key Findings The Dutchess County Industrial Development Agency (DCIDA) Board …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2014/03/04/dutchess-county-industrial-development-agency-managementHempstead Union Free School District – Management of District Resources (2014M-253)
… assess internal controls over the management of District resources for the period July 1, 2011 through March 31, 2013. … Hempstead Union Free School District Management of District Resources 2014M253 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/29/hempstead-union-free-school-district-management-district-resources-2014mState Comptroller DiNapoli Releases School District Audits
… today announced the following school district audits have been issued. Delaware-Chenango-Madison-Otsego Board of … combined purchase prices of approximately $47,500 did not have required asset tags, were not on the inventory or … today announced the following school district audits have been issued …
https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-dinapoli-releases-school-district-audits-0City of Middletown – Selected Financial Operations and Information Technology (2013M-56)
… the City’s purchasing practices, Council oversight, and IT for the period January 1, 2011, to July 9, 2012. … proposals for five of eight professional services providers who were paid $164,613. City officials also did not … have a written agreement with one of eight professional service providers we tested. City officials did not solicit …
https://www.osc.ny.gov/local-government/audits/city/2013/05/31/city-middletown-selected-financial-operations-and-information-technology-2013m-56Village of Maybrook – Water Operations (2013M-121)
… audit was to examine internal controls over the Village’s water operations for the period June 1, 2010, through … of Trustees and comprises a Mayor and four Trustees. The water fund budgeted appropriations for the fiscal year ended … fees. Key Findings The Village’s internal controls over water operations need to be improved. The water clerk’s …
https://www.osc.ny.gov/local-government/audits/village/2013/08/16/village-maybrook-water-operations-2013m-121Fairport Central School District – Financial Condition and Capital Improvement Project Expenditures (2013M-23)
… services for a capital improvement project (CIP), as required by the District’s policy. Expenditures for … were not properly supported. Key Recommendations Develop a plan for the use of the surplus balances in unexpended …
https://www.osc.ny.gov/local-government/audits/school-district/2013/04/19/fairport-central-school-district-financial-condition-and-capitalAccounts Payable Advisory No. 32
… the IRS under the agency’s employer identification number (EIN). To ensure accurate and comprehensive federal reporting, …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/32-1099-reporting-single-payments-non-sfs-paymentsHoltsville Fire District – Financial Management (2025M-4)
… reserve funds? Audit Period January 1, 2019 – December 31, 2023 Understanding the Audit Area A fire district (district) … fund balances totaled $2.6 million as of December 31, 2023. Audit Summary The Board did not adopt budgets with … capital reserve funds. As a result, from 2019 through 2023, the Board transferred an additional $1 million into …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/09/19/holtsville-fire-district-financial-management-2025m-4Comptroller DiNapoli Releases Municipal Audits
… underpaid approximately $356,000. Town of LeRay – Justice Court (Jefferson County) The court has not properly … has not been remitted to the town as required; and the traffic violations reported to the Department of Motor … Further, the court is not properly reporting unresolved traffic tickets to the Department of Motor Vehicles. Town of …
https://www.osc.ny.gov/press/releases/2014/08/comptroller-dinapoli-releases-municipal-audits-1Accounts Payable Advisory No. 49
… impacts the Scheduled Due field and, where applicable, the Discount Due field. The default Basis Date for vendors … the Basis Date to calculate the Scheduled Due field and Discount Due field, where applicable. Note: This section used …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/49-gfo-updates-basis-date-invoice-received-date-mir-date-and-paymentPeconic Bay Community Preservation Fund (2023-MR-1)
… report – pdf] We also issued five individual reports to the following Towns: East Hampton , Riverhead , Shelter … Southold . Audit Objective Determine whether officials from the Towns of East Hampton , Riverhead , Shelter Island , Southampton , … Determine whether officials from the Towns of East Hampton Riverhead Shelter Island …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/02/23/peconic-bay-community-preservation-fund-2023-mr-1Opinion 96-10
… NYS2d 918 mod on other grnds 88 AD2d 780, 451 NYS2d 523 app dsmd 58 NY2d 601, 458 NYS2d 1025 app dsmd 58 NY2d 687, 458 NYS2d 543 rearg den 58 NY2d 824, …
https://www.osc.ny.gov/legal-opinions/opinion-96-10DiNapoli: NYC Faces Unprecedented Fiscal and Economic Challenges
… need additional federal aid to mitigate the impact of the COVID-19 pandemic on their budgets and a failure to aid one … projected a two-year revenue loss of $9.6 billion from the COVID-19 pandemic. To offset the loss and to address its … is currently debating the size and content of another COVID-19 relief bill, but the outcome is uncertain. Full …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-nyc-faces-unprecedented-fiscal-and-economic-challengesState Agencies Bulletin No. 1368
… To notify agencies of the maximum contribution limits for employees enrolled in the Deferred Compensation Plan for calendar year 2015. Affected Employees Employees enrolled … 457 Regulations: The regular yearly contribution amount for Deferred Compensation has been increased from $17,500 to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1368-deferred-compensation-maximum-contribution-limits-calendar-year-2015State Agencies Bulletin No. 1216
… limits for employees enrolled in the Deferred Compensation Plan for calendar year 2013, pursuant to IRS Section 457 … Employees Employees enrolled in the Deferred Compensation Plan Effective Dates Administration Paychecks dated January … January 10, 2013 OSC Actions OSC will update the Savings Plan Tables to allow the new maximum amounts to process. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1216-deferred-compensation-maximum-contribution-limits-calendar-year-2013State Agencies Bulletin No. 1113
… limits for employees enrolled in the Deferred Compensation Plan for calendar year 2012, pursuant to IRS Section 457 … Employees Employees enrolled in the Deferred Compensation Plan Effective Date(s) Administration Paychecks dated 1/4/12 … dated 1/12/12 OSC Actions OSC will update the Savings Plan Tables to allow the new maximum amounts to process. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1113-deferred-compensation-maximum-contribution-limits-calendar-year-2012Village of Holley – Financial Condition of the Water and Sewer Funds (2014M-334)
… Background The Village of Holley is located in the Town of Murray, Orleans County, and has a population of approximately …
https://www.osc.ny.gov/local-government/audits/village/2015/04/03/village-holley-financial-condition-water-and-sewer-funds-2014m-334Alexandria Central School District – Financial Condition Management (2020M-109)
… most of the appropriated fund balance for operations. The surplus fund balance in the general fund exceeded the 4 … for the past three fiscal years. As of June 30, 2019, surplus fund balance was $1.75 million, or 12.8 percent of …
https://www.osc.ny.gov/local-government/audits/school-district/2020/12/30/alexandria-central-school-district-financial-condition-management-2020m