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XVI.4 Accounting Policies and Principles Applicable to Agencies – XVI. Financial Reporting

DiNapoli: State Tax Collections Continue to Exceed Projections

… State tax receipts exceeded the Enacted Budget Financial Plan forecast by $4.8 billion from April through June, the first three months of the … State Fiscal Year 2021-22 Find out how your government money is spent at Open Book New York . Track municipal …

DiNapoli: MTA Budget Continues to Face Serious Risks

… promises significant improvements, but there are still too many unanswered questions,” DiNapoli said. “Heavy reliance on … billion cost. While it is the largest capital program in the MTA’s history (costing 62 percent more than the … Transportation Authority’s Rising Debt Burden Find out how your government money is spent at Open Book New York . …

DiNapoli Encourages New Yorkers to Save for College

… is encouraging New Yorkers who face college expenses to open a 529 College Savings account to start saving now to help with the costs of getting a … grandparents and others can use the program to save money to help cover qualified higher educational expenses …

DiNapoli Calls for Improvements to Capital Planning Process

… over the same period in spending from other governmental funds. $41 billion of the $81.7 billion in capital spending … SFY 2018-19, while spending from other governmental funds is projected to increase by an average of 3.5 percent …

I.3 Guide to Financial Operations Account Codes Procedure – I. OSC Guide to Financial Operations Overview

… Descriptions contains information and details regarding State accounting codes. This chapter provides useful … Descriptions contains information and details regarding State accounting codes …

I.2 Organization of the Guide to Financial Operations – I. OSC Guide to Financial Operations Overview

… to accounting process area. Each chapter contains sections and subsections generally structured using the following … Information provided includes related laws, regulations, and audit standards, as well as details concerning reference number, issuance date, effective date, and expiration date. Where applicable, sections differentiate …

DiNapoli Urges NYC to Shore Up Rainy-Day Fund

… DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the conditions for withdrawals. His report found the city’s reserve policies …

DiNapoli: Gaming Commission Slow to Collect Casino Fees

… especially as the state is exploring issuing licenses for three new casinos and recovering from the pandemic.” The … facilities and $8.9 million from the tribe/nation casinos for oversight costs, it failed to bill the four commercial casinos an estimated $13 million for those costs, as it should have. That audit examined three …

DiNapoli: Molson Coors Agrees to Disclose Political Spending

… The New York State Common Retirement Fund (Fund) has reached an agreement … “For too long, investors have been left in the dark on the extent of the reach of corporate dollars in politics,” … political spending, gave Molson Coors a score of 11.7 out of 100, ranking it in the bottom tier of companies in the …

Comptroller Authority to Audit Local Development Corporations (LDCs)

… (Marchione) – Relates to audits by the State Comptroller of certain organizations controlled by municipal corporations … Text Status … Relates to audits by the State Comptroller of certain organizations controlled by municipal corporations …

DiNapoli Calls for Reforms to State Fiscal Practices

… problems and improve New York’s fiscal practices. Adoption of the reforms I am proposing would help put our state’s … a stronger path forward.” DiNapoli’s comprehensive package of reforms would significantly improve budget practices and … main areas, including spending accountability, adequacy of reserves, appropriate use of debt, and capital planning …

Collection of Fines Related to Tenant Complaints (Follow-Up)

… of implementation of the six recommendations included in our initial audit report, Collection of Fines Related to … regarding the nearly 1 million regulated apartments in New York State. Our audit focused on harassment and … cases. Harassment cases are scheduled for mediation conferences for resolution after the harassment complaint is …

DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels

… Wall Street’s pandemic boom came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% from the $31 billion earned in the same period last year, according to State Comptroller … level since 2003, fueled by weaker initial and secondary public offerings. The Federal Reserve’s (Fed) multiple rate …

Medicaid Payments to Medicare Advantage Plan Providers (Follow-Up)

… Objective To determine the extent of implementation of the three recommendations made in our initial audit … Plan Providers (Report 2016-S-54 ). About the Program Many of the State’s Medicaid recipients are also enrolled in …

Managed Care Organizations – Payments to Ineligible Providers (Follow-Up)

… Objective To determine the extent of implementation of the eight recommendations made in our initial audit … audit objective was to determine whether the Department of Health (Department) and MCOs had adequate processes in …

DiNapoli: Safeway Supermarkets Commit to Sustainable Palm Oil

… to suppliers of 100% verified sustainable palm oil and set a goal of using only sustainable palm oil in all of … Rainforest Action Network , which has engaged with Safeway for several years with a goal of increasing the company’s use … human trafficking and poor working conditions. Complete an accounting of its palm oil and palm derivative usage for all …

Medicaid Program – Managed Care Payments to Unenrolled Providers

… networks contracting with MCOs operating in New York. On a quarterly basis, MCOs are required to submit their …

Comptroller DiNapoli: IDA-Issued Tax Breaks Continue to Climb

… created by IDA-sponsored projects narrowed between upstate and downstate regions in 2017, according to the most recent … New Yorkers can examine if incentives given out to create and retain jobs in their communities are worth it.” The … payments in lieu of taxes (PILOTs). Both total exemptions and PILOTs increased, resulting in net exemptions of just …

DiNapoli: Billions Needed for Repairs to Local Bridges

… Highway Administration programs. These grants generally can fund up to 80 percent of eligible costs with the state or local … York . The easy-to-use website was created by DiNapoli to promote transparency in government and provide taxpayers with …