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DiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… extraordinary one-time federal relief, will mostly be used to fund new spending, with a smaller portion set aside to build up reserves, according to an analysis of New York … $500 million deposit into its Revenue Stabilization Fund (i.e., a rainy-day fund), bringing the fund to $1 billion. It …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingDiNapoli: The Mayor's Proposed Budget Takes Large Steps In Addressing Outstanding Labor Contracts
… reserves and begin taking steps to narrow the budget gaps in the coming years.” The city's financial plan forecasts a surplus of $1.6 billion in FY 2014, which will be used to help balance the $73.9 … FY 2015 budget, and out-year budget gaps of $2.6 billion in FY 2016, $1.9 billion in FY 2017 and $3.1 billion in FY …
https://www.osc.ny.gov/press/releases/2014/06/dinapoli-mayors-proposed-budget-takes-large-steps-addressing-outstanding-labor-contractsState Comptroller DiNapoli Releases Audits
… Civil Service (Follow - Up) (2020-F-23) An audit issued in January 2019 reviewed the rebate revenue generated from … for rebates or remit all rebate revenue it collected. As a result, New York was due $2,052,653 in rebates. In a … made improper fee-for-service payments totaling $2.9 million. In a follow-up, auditors found DOH has made some …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-dinapoli-releases-auditsOpinion 2006-3
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion …
https://www.osc.ny.gov/legal-opinions/opinion-2006-3DiNapoli: NYC Finances Continue To Benefit From Better Than Projected Revenue but Spending Pressures Remain
… New York City’s finances continue to benefit from … to a report on the city’s Financial Plan released today by State Comptroller Thomas P. DiNapoli. “The city’s budget gaps … operational needs to ensure it can continue to encourage employment and business growth and enhance its economic and …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-finances-continue-benefit-better-projected-revenue-spending-pressures-remainCity of Glen Cove -- Budget Review (B17-7-12)
… review. The City’s proposed budget complies with the tax levy limit. Key Recommendations Avoid using nonrecurring …
https://www.osc.ny.gov/local-government/audits/city/2017/10/13/city-glen-cove-budget-review-b17-7-12CUNY Bulletin No. CU-463
… Purpose To provide agency instructions for processing the CUNY Health Benefits Buy Out Payment. … Employees Eligible CUNY employees who elect to participate in the Health Benefits Buy Out Waiver Program Background The … Employees receive an annual incentive payment in exchange for waiving their City health benefits when other non-City …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-463-city-university-new-york-cuny-health-benefits-buy-outCUNY Bulletin No. CU-540
… Buy Out Waiver Program is authorized under IRC Section 125 and administered under the Medical Spending Conversion (MSC) … Program is sent to the CUNY Central Office by the Deputy Director of the NYC Management Benefits Fund, Tax-Favored Benefits and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-540-city-university-new-york-cuny-health-benefits-buy-outCUNY Bulletin No. CU-504
… 6L/7C; paychecks dated 07/09/15 Agency Actions A listing of employees who elect to participate in the Health Benefits … is sent to the CUNY Central Office by the Deputy Director of the NYC Management Benefits Fund, Tax-Favored Benefits and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-504-city-university-new-york-cuny-health-benefits-buy-outCUNY Bulletin No. CU-498
… Buy Out Waiver Program is authorized under IRC Section 125 and administered under the Medical Spending Conversion (MSC) … Program is sent to CUNY Central Office by the Deputy Director of the NYC Management Benefits Fund, Tax-Favored Benefits and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-498-city-university-new-york-cuny-health-benefits-buy-outCUNY Bulletin No. CU-488
… 6L/7C; paychecks dated 07/10/14 Agency Actions A listing of employees who elect to participate in the Health Benefits … is sent to the CUNY Central Office by the Deputy Director of the NYC Management Benefits Fund, Tax-Favored Benefits and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-488-city-university-new-york-cuny-health-benefits-buy-outCUNY Bulletin No. CU-476
… To provide agency instructions for processing the CUNY Health Benefits Buy Out Payment. Affected Employees Eligible CUNY employees who elect to participate in the Health Benefits Buy Out Waiver Program Background The Health … sent to CUNY Central Office by the Deputy Director of the NYC Management Benefits Fund, Tax-Favored Benefits and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-476-city-university-new-york-cuny-health-benefits-buy-outState Comptroller DiNapoli Releases Municipal Audits
… (Clinton County) Department officials did not deposit or account for all donations received or deposit money received …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-releases-municipal-audits-0City of Troy – Budget Review (B5-14-23)
… and expenditure projections in the City’s proposed budget for the 2015 fiscal year are reasonable. Background The City … and, having nearly depleted its capital reserve, is issuing debt to fund capital expenditures. Due to a change … costs in future years. The City’s proposed budget is in compliance with the tax levy limit. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/city/2014/11/07/city-troy-budget-review-b5-14-23SUNY Bulletin No. SU-238
… Purpose To provide instructions for processing the 2016 Discretionary Award. Affected … Employees Employees designated management or confidential in the State University of New York – BU13 who meet the … Date(s) The 2016 Discretionary Award should be processed in the Administration Pay Period 7L, Paychecks dated 07/27/16 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-238-2016-suny-discretionary-award-managementconfidentialWest Hill Fire District No. 3 – Financial Condition (2014M-160)
… audit was to examine the District’s financial condition for the period January 1, 2012 through March 6, 2014. … Further, District officials have not established any plans for using the money accounted for as a reserve fund. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/08/15/west-hill-fire-district-no-3-financial-condition-2014m-160CUNY Bulletin No. CU-212
… Deductions over the monthly $100.00 limit allowed by IRC Section 132 will be taken as a post-tax deduction. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-212-processing-payroll-deductions-new-cuny-transit-benefitTown of White Creek – Board Oversight of Financial Activities (2013M-64)
… adequate oversight of the Town’s financial activities for the period January 1, 2011, to September 30, 2012. Background The Town of White Creek is located in Washington County and has a population of approximately 3,400. The Town is governed by an elected five-member Town Board, which …
https://www.osc.ny.gov/local-government/audits/town/2013/09/13/town-white-creek-board-oversight-financial-activities-2013m-64City of Olean – Budget Review (B1-16-2)
… Purpose of Budget Review The purpose of our budget review was to … the significant revenue and expenditure projections in the City’s proposed budget for the 2016-17 fiscal year are … budget review letter issued in March 2015. Background The City of Olean, located in Cattaraugus County, issued debt …
https://www.osc.ny.gov/local-government/audits/city/2016/03/14/city-olean-budget-review-b1-16-2Government-Wide Financial Data – 2023 Financial Condition Report
… Government-wide financial statements provide a long-term view of finances. They record revenues and expenses … related to the program; Grants and contributions that can only be used to pay for the operations of a particular …
https://www.osc.ny.gov/reports/finance/2023-fcr/government-wide-financial-data