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Message from the Comptroller – 2023 Financial Condition Report
… continuing recovery from COVID-19 and economic growth. In this environment, State policymakers increased support for … billion, or 38 percent, of the State’s All Funds receipts in SFY 2022-23. This aid supports health coverage for nearly 9.4 million New Yorkers and plays essential roles in programs including K-12 education, mass transit and social …
https://www.osc.ny.gov/reports/finance/2023-fcr/message-comptrollerVII.2.B Payment Worksheet – VII. State Revenues and Appropriated Loan Receivables
… must review the ‘Balance’ group box on the Worksheet Application page to ensure that the ‘Remaining’ amount equals … the Worksheet Application page for both sole custody and joint custody bank accounts. For deposits to a joint custody bank account, the payment will be posted to the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii2b-payment-worksheetState Comptroller DiNapoli Releases Municipal Audits
… with the procurement policy. As a result, taxpayers do not have assurance that goods and services are purchased …
https://www.osc.ny.gov/press/releases/2023/01/state-comptroller-dinapoli-releases-municipal-auditsTown of Fremont – Operating Budget and Cash Disbursements (2013M-85)
Town of Fremont Operating Budget and Cash Disbursements 2013M85
https://www.osc.ny.gov/local-government/audits/town/2013/07/05/town-fremont-operating-budget-and-cash-disbursements-2013m-85City of Lockport – Budget Review (B24-1-8)
… an independent evaluation of the City’s proposed budget for 2025. Background Chapter 332 of the Laws of 2014, as … Comptroller each year, beginning January 1, 2015, and for each subsequent fiscal year during which the debt … to finance the deficit is outstanding, the proposed budget for the next succeeding fiscal year. Key Findings Based on …
https://www.osc.ny.gov/local-government/audits/city/2024/11/08/city-lockport-budget-review-b24-1-8Opinion 92-28
… of proceeds to a public library); (payment of interest for notes issued for library taxes) LIBRARIES -- Finances (issuance and … notes) -- Investments (interest earned on) -- Taxes (time for payment over by school district) SCHOOL DISTRICTS -- … school district public library in connection with moneys for the support of the library …
https://www.osc.ny.gov/legal-opinions/opinion-92-28DiNapoli: New York Drug Overdose Deaths Surged During Pandemic
… Drug overdose fatalities surged during the COVID-19 pandemic in New York state, with opioid-related … deaths increasing by 68% to nearly 5,000 individuals from 2019 to 2021, according to an analysis released today by New York State Comptroller Thomas P. DiNapoli. The surge is largely due to a sharp increase in deaths from …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-new-york-drug-overdose-deaths-surged-during-pandemicOpinion 2008-5
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … under fire protection contract); (restrictions on use of money payable under fire protection contract); (submission … the village required to pay to the fire company any amount of the consideration paid to the village under the fire …
https://www.osc.ny.gov/legal-opinions/opinion-2008-5DiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
… has cost county taxpayers a bundle and left the courses in poor repair,”DiNapoli said. “Had county officials properly … the courses’sub-par conditions sooner.” Beginning in 1997, Monroe County contracted with Tindale to operate, … clubhouse project at one course, and to make $100,000 in other capital improvements annually. In June and July …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersMonitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance
… for all not-for-profit cemetery corporations (cemeteries) in New York State. As authorized by Article 15 of the … Maintenance Fund, the principal of which is to be held in trust for future maintenance and preservation. Cemeteries … has issued two online manuals to assist cemeteries in meeting these and other requirements. The Division’s …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenanceState Comptroller DiNapoli Releases School Audits
… approximately $60 billion in federal, state and local funds. For additional background or a comment on a specific … by appropriating fund balance each year, although these funds were not needed due to the operating surpluses …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-2Opinion 92-48
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … FUNDS -- Mandatory Reserve Fund (need to establish); (use of entire proceeds to retire debt even when part of … 1987 Opns St Comp No 8771 p 107 still represents the views of this Office in light of the subsequent amendment of 6l of …
https://www.osc.ny.gov/legal-opinions/opinion-92-48What is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … However, the biggest contributor to your pension plan is the New York State Common Retirement Fund . Over the past … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planState Comptroller DiNapoli Releases Audits
… February 2020. They found about $1.17 million (68 percent) in expenses for 17 contracts either lacked sufficient … Industry Standards (Follow-Up) (2021-F-2) An audit issued in December 2019 found that CUNY had fallen short in providing its colleges with sufficient guidance and …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-auditsState Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Canisteo-Greenwood Central School District , … , Sodus Central School District , St. Lawrence-Lewis Board of Cooperative Educational Services , Vertus Charter School , … and the Whitesville Central School District . “In an era of limited resources and increased accountability, it’s …
https://www.osc.ny.gov/press/releases/2017/01/state-comptroller-dinapoli-releases-school-auditsDiNapoli: Pre-K Special Education Schools Took $1.4 Million in Unallowed Expenses
… special education providers, claimed nearly $1.4 million in taxpayer reimbursements for ineligible costs, according to … taxpayer dollars they spend,” DiNapoli said. “The children in our special education programs need every dollar available … during the 2013-2014 school year. It reported $11 million in costs for reimbursement in the three fiscal years ended …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-pre-k-special-education-schools-took-14-million-unallowed-expensesDiNapoli Reaffirms Commitment to DEI Initiatives
… Fund (Fund), today announced various initiatives to address diversity, equity, and inclusion (DEI) issues at … and problem-solving capabilities, and ultimately lead to improved shareholder value. Including people with … are critical drivers of business success. Failure to establish robust DEI policies and practices can result in …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-reaffirms-commitment-dei-initiativesDiNapoli: New York City's Budget Outlook Improves
… New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain … immigration reform.” The city’s Preliminary FY 2025 budget and January Financial Plan enabled the city to … (adjusted for prepayments), close its $7.1 billion FY 2025 budget gap, and reduce its out-year gaps. The January …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: NYC's 2024 Budget Balanced, but Risks Loom
… billion surplus from last fiscal year and $1.7 billion in savings from the city’s Program to Eliminate the Gap (PEG) have helped New York City balance its $112.6 billion budget for city fiscal year (FY) 2024, despite $2.9 billion in costs in FY 2024 to address the influx of asylum seekers. …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loomImplications for the Future – 2022 Financial Condition Report
… the Fed’s interest rate response, and continued volatility in the financial markets all impact whether the trajectory … Funding Federal aid has long played an essential role in the State’s budget and its ability to provide health care, … education, human services and other essential programs. In recent years, for example, new federal funding has helped …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-future