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State Comptroller DiNapoli Releases Municipal Audits
… transparency and accountability for our local communities is a top priority," said DiNapoli. "By auditing municipal … noted when checks cleared. The court also did not use the Traffic Safety Law Enforcement and Disposition database to … fund from $31,503 to $3,521 (89 percent). Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/03/state-comptroller-dinapoli-releases-municipal-audits-0NYS Common Retirement Fund Announces Third Quarter Results
… Fund's (Fund) overall return in the third quarter of the state fiscal year 2017-2018 was 4.12 percent for the … period ending Dec. 31, 2017, with an estimated value of $209.1 billion, according to New York State Comptroller … solid returns on investments during the last three months of 2017," DiNapoli said. "Notwithstanding recent volatility, …
https://www.osc.ny.gov/press/releases/2018/02/nys-common-retirement-fund-announces-third-quarter-resultsLong Island Workforce Housing Act (2015-MR-4)
… report - pdf] We also released eight letter reports to the following local governments: Towns of Babylon [pdf] , … [pdf] . Purpose of Audit The purpose of our audit was to determine whether local governments ensured that they … requires housing developers in Nassau and Suffolk Counties to set aside 10 percent of their housing units as affordable …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/01/08/long-island-workforce-housing-act-2015-mr-4Medicaid Overpayments for Inpatient Transfer Claims Among Merged or Consolidated Facilities
… Purpose To determine whether the Department of Health established adequate controls over inpatient claims … 1, 2009 through June 30, 2014. Background The Department of Health (Department) administers the State’s Medicaid … transfers occur among hospitals or divisions that are part of a merged or consolidated facility. Under these …
https://www.osc.ny.gov/state-agencies/audits/2015/12/08/medicaid-overpayments-inpatient-transfer-claims-among-merged-or-consolidated-facilitiesDiNapoli Releases May State Cash Report
… State tax collections totaled just under $11 billion through May 31, a decline of $1.1 billion, or 8.8 percent, … and companies, which in turn impacts state revenues." Through the first two months, All Funds receipts totaled … State tax collections totaled just under $11 billion through May 31 a decline of $11 billion or 88 …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-releases-may-state-cash-reportCincinnatus Central School District – Fund Balance and Reserves (2014M-191)
… Purpose of Audit The purpose of our audit was to evaluate the financial condition of the District for the … The Cincinnatus Central School District provides education to children residing in eight towns in Cortland County, five … District officials adopted budgets that included plans to use fund balance totaling almost $1.5 million between the …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/cincinnatus-central-school-district-fund-balance-and-reserves-2014m-191Reporting Member Contributions – Enhanced Reporting
… returning overpaid contributions after one year. Federal Tax Treatment of Member Contributions For tax purposes, member contributions are treated as employer … 414(h) of the Internal Revenue Code (IRC). Federal income tax on these contributions is deferred until they are …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/reporting-member-contributionsDiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… Local sales tax collections in May increased by 57.8 percent over the … of last year. “For the second straight month, local sales tax collections had a tremendous boost. Strong collections in … distributions against what had been reported by sales tax vendors for the reporting quarter and adjusts payments to …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayState Comptroller DiNapoli Releases School District Audits
… New York State Comptroller Thomas P. DiNapoli today announced … retirees. These errors were reported in submissions to the New York State Local Retirement System. Although these errors … Find out how your government money is spent at Open Book New York . Track municipal spending, the state's 180,000 …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-school-district-auditsDiNapoli: State Tax Revenues $2 Billion Lower Than Last Fiscal Year
… of the Budget’s (DOB) January projections. Tax receipts for the month of January totaled $11.4 billion. This is … year. This is largely due to higher federal reimbursement for Medicaid spending, as well as the withholding of certain … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-state-tax-revenues-2-billion-lower-last-fiscal-yearNYS Common Retirement Fund Reports Second Quarter Results
… are invested in cash, bonds and mortgages (22.8 percent), private equity (10.0 percent), real estate and real assets (8.5 percent) and credit, absolute return strategies and opportunistic …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli: State Tax Revenues $3 Billion Below Last Year
… State tax receipts in November were higher than expected by the Division of the Budget (DOB), but collections through the first eight months of the state fiscal year were $3 billion lower than last year, according to the … State tax receipts in November were higher than expected by the Division of the Budget DOB but collections through the …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-state-tax-revenues-3-billion-below-last-yearNYS Common Retirement Fund Reports Second Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2019-20 … to weather the ups and downs that have become standard in the past several months and are expected to continue.” The … 30, 2019, the Fund had 38.1 percent of its assets invested in publicly traded domestic equities and 15.2 percent in …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli: Local Sales Tax Collections Growth Accelerates in 3rd Quarter
… of the five boroughs of New York City receive a share of what their respective counties collect, while 17 impose their … Find out how your government money is spent at Open Book New York . Track municipal spending, … state’s 160,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract …
https://www.osc.ny.gov/press/releases/2019/11/dinapoli-local-sales-tax-collections-growth-accelerates-3rd-quarterTown of Fishkill – Fiscal Stress (2013M-188)
… a $2.2 million deficit at the end of 2012. This resulted from overestimated revenues in 2009 and 2010 and … Key Recommendations Work to reduce the deficits in all the major funds and develop a realistic plan to … on reasonable revenue and expenditure estimates. Review all interfund advances, determine the actual amount owed each …
https://www.osc.ny.gov/local-government/audits/town/2013/09/16/town-fishkill-fiscal-stress-2013m-188City of Mount Vernon – Budget Review (B21-6-3)
… and could be overestimated. Appropriations for overtime, health insurance, retirement, contingencies, separation payments, … if revenues fall short of estimates. Monitor overtime, health insurance and employee separations closely throughout …
https://www.osc.ny.gov/local-government/audits/city/2021/04/16/city-mount-vernon-budget-review-b21-6-3DiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… with better-than-forecasted tax revenues from February and the passing of significant additional federal assistance, … recovery effort, it is important to use them responsibly and think long-term, as challenges remain.” Tax revenues in … due to lower refunds. However, monthly consumption and use taxes, which include sales tax receipts, fell short …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsComptroller DiNapoli Releases School District Audits
… District officials did not provide IT security awareness training for individuals who used the district’s IT assets. … monitor employee internet use. Auditors also found network and application user accounts were not properly …
https://www.osc.ny.gov/press/releases/2020/03/comptroller-dinapoli-releases-school-district-auditsComptroller DiNapoli Releases School Audits
… today announced his office completed audits of the Chazy Union Free School District , Dobbs Ferry Union Free School District , Haldane Central School District … DiNapoli announced completed audits of the Chazy Union Free School District Dobbs Ferry Union Free School …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-school-audits-2NYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2019-20 was 5.28 percent for the three-month … The NYS Common Retirement Funds Fund estimated return in the …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-reports-third-quarter-results