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City of Troy – Budget Review (B5-16-15)
… the significant revenue and expenditure projections in the City's proposed budget for the 2017 fiscal year are reasonable. Background The City of Troy, located in Rensselaer County, issued debt …
https://www.osc.ny.gov/local-government/audits/city/2016/11/03/city-troy-budget-review-b5-16-15Gowanda Central School District – Financial Management (2024M-104)
… budgeting practices were not transparent and resulted in the District exceeding the statutory limit on surplus fund … finance operations as a means to accumulate surplus funds in excess of the legal limit is in effect a reservation of fund balance that artificially …
https://www.osc.ny.gov/local-government/audits/school-district/2024/12/13/gowanda-central-school-district-financial-management-2024m-104New Yorkers in Need: A Look at Poverty Trends in New York State for the Last Decade
… in 2021, compared to 12 percent with a disability in the population. One-quarter of New York’s population below the … 2010 – 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Supplemental Poverty … and the SPM framework, with adjustments by the New York City government for local housing costs, which are higher …
https://www.osc.ny.gov/reports/new-yorkers-need-look-poverty-trends-new-york-state-last-decadeNYS Comptroller DiNapoli and Church of England Call on ExxonMobil to Set Targets for Lowering GHG Emissions
… New York State Common Retirement Fund is the third largest public pension fund in the United States with assets of …
https://www.osc.ny.gov/press/releases/2018/12/nys-comptroller-dinapoli-and-church-england-call-exxonmobil-set-targets-lowering-ghg-emissionsAugust 1999: New York State Environmental Facilities Corporation State Revolving Loan Funds
… Facilities Corporation (EFC) , through its revolving loan fund, has provided over 330 local governments and public … direct loans) and the proper accounting treatment for each loan type: Long Term Leverage Loans (Approximately 95% of the …
https://www.osc.ny.gov/local-government/publications/august-1999-new-york-state-environmental-facilities-corporation-state-revolving-loan-fundsDiNapoli: Report Finds Persistent Problems at Long Island Power Authority
… said DiNapoli. “Costs for ratepayers remain too high and an increasing debt load will burden customers well … DiNapoli’s report revealed that LIPA’s average retail price for residential electricity was more than 22 percent … national median in 2013. LIPA’s commercial average retail price was even further out of line, nearly 92 percent above …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-report-finds-persistent-problems-long-island-power-authorityInvestors Ask SEC to Reject Exxon's Attempt to Silence Questions on Climate Change
… week asked the Securities and Exchange Commission (SEC) to reject ExxonMobil’s plan to block a shareholder proposal for information on how the company will be impacted by public policies seeking to rein in climate change. DiNapoli, as trustee of the New …
https://www.osc.ny.gov/press/releases/2016/02/investors-ask-sec-reject-exxons-attempt-silence-questions-climate-changeDiNapoli: DOH Needs to Improve Drug Rebate Collections
… The state Department of Health (DOH) did not collect an estimated $95.1 million in rebates from drug makers, according to an audit released … today by State Comptroller Thomas P. DiNapoli. As a result of the findings, DOH invoiced $9.3 million of rebates by the …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-doh-needs-improve-drug-rebate-collectionsState Comptroller DiNapoli Releases Municipal & School Audits
… not ensure reasonable budget estimates. Budgets developed for the 2019-20, 2020-21 and 2021-22 fiscal years had … $24 million over the three-year period. Appropriations for three equipment accounts and two printing service … who received Medicaid-eligible services or file Medicaid-reimbursement claims to recover part of the costs associated …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-audits-0Housing Trust Fund Corporation – Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs
… April 2017 through June 2022. About the Program HCR is the State’s affordable housing agency, with a mission to build, … homeownership throughout the State. HCR is comprised of several different offices and agencies, including the … Renewal is allocated federal funding from the U.S. Department of Housing and Urban Development (HUD) to …
https://www.osc.ny.gov/state-agencies/audits/2022/09/16/housing-trust-fund-corporation-internal-controls-over-and-maximization-federal-fundingDiNapoli: Majority of Contracts with Not-For-Profit Organizations Still Approved Late
… 61 percent of the time in approving contracts with not-for-profit providers (NFPs) last year, with half of all agencies reporting contracts as late as 90 to 100 percent … In 2015, the state paid $129,824 in interest payments for late contracts. “Chronic delays create financial problems …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-majority-contracts-not-profit-organizations-still-approved-lateEnvironment, Energy and Agriculture – 2023 Financial Condition Report
… the State’s environmental needs. Appropriations to the EPF have fluctuated over time and reached a high of $400 million … Act of 2022.” With nearly 68 percent of voters who voted on the ballot question supporting it, the Bond Act became the … and recreation. Water Since SFY 2015-16, Enacted Budgets have included a total of $5.4 billion for clean water …
https://www.osc.ny.gov/reports/finance/2023-fcr/environment-energy-and-agricultureDiNapoli: Thruway Authority Needs Plan to Meet Future Costs
… the New York State Thruway Authority will continue to face fiscal challenges, according to an audit released …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-thruway-authority-needs-plan-meet-future-costsDiNapoli: NYC Projects Budget Surplus For 2017, But Faces Risks With Federal Budget Cuts
… come under pressure to offset the impact with its own funds rather than allowing vital services to be cut. These estimates exclude most federal Medicaid funds, which do not flow through the city's budget. …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-nyc-projects-budget-surplus-2017-faces-risks-federal-budget-cutsDiNapoli: External Risks Threaten NYC Budget
… if the city also has to address unplanned spending or the impact of federal or state actions. The President recently signed an executive order to pressure "sanctuary cities" into providing …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-external-risks-threaten-nyc-budgetLocal Government – 2021 Financial Condition Report
… next largest revenue source for local governments. It is a major source for school districts, accounting for $16.2 … 38 percent of total revenues. State aid also represents a significant share of revenues for other local … stronger collections than before the pandemic in the first two quarters of 2021, although New York City’s collections …
https://www.osc.ny.gov/reports/finance/2021-fcr/local-governmentMonitoring of Select Programs
… are currently waiting for services. In response, the 2019-20 enacted budget contained an appropriation of $15 million, … $15 million in appropriations for each of the years 2019-20, 2020-21, and 2021-22, intended to reduce or eliminate … this goal. While the initial fund allocation in 2019-20 was based on AAAs’ reported Unmet Need in 2017-18, for …
https://www.osc.ny.gov/state-agencies/audits/2022/01/21/monitoring-select-programsDiNapoli: MTA Faces Growing Risks to Its Capital Funding
… just delayed projects. If the MTA covers the shortfall in capital funds by using its operating budget to pay for … congestion pricing revenues), which is projected to make up 5% of debt in 2023 and 32% in 2028. Non-lockbox debt, … day-to-day operating budget, comprises $40.4 billion of all debt in 2023 but is estimated to decline to $38 billion …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-mta-faces-growing-risks-its-capital-fundingShareholders Send Exxon a Strong Message on Climate Change
… support for a motion asking the company to report on how its business will be affected by worldwide efforts to combat climate change, despite the … the future of closed church buildings Paying clergy pensions for service prior to 1998 Running the national …
https://www.osc.ny.gov/press/releases/2016/05/shareholders-send-exxon-strong-message-climate-changeDiNapoli: NY Pension Fund Reaches Climate Agreements With Five Portfolio Companies
… for the benefit of the more than one million participants in the New York State retirement system,” DiNapoli said. “To … risks by increasing the weighting of companies that engage in climate solutions and decreasing the weighting of … an initial allocation of $1 billion made to this strategy in March 2023. Proxy Votes In February, the Fund amended its …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-ny-pension-fund-reaches-climate-agreements-five-portfolio-companies