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Claims Auditing – Improving the Effectiveness of Your Claims Auditing Process
… of the claim, even when not required by law. If vendor certification or verification of claims is required, the claim should be scrutinized to ensure proper certification or verification. Are there sufficient … an abstract generally include the claim number, name of claimant, amount approved, fund and appropriation account …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/claims-auditingWall Street Bonuses Rose In 2012
… the deferral of bonuses will help reduce volatility in tax payments from the industry. In response to the fiscal … of bonuses were paid in December 2012 to avoid higher federal tax rates scheduled to take effect in 2013. … such as bonuses, into 2012 to avoid the threat of higher federal income tax rates in 2013. The Comptroller estimates …
https://www.osc.ny.gov/press/releases/2013/02/wall-street-bonuses-rose-2012Wall Street Bonuses Declined in 2011
… year’s Wall Street bonus report “Cash bonuses were down in 2011, reflecting a difficult year on Wall Street,” … firms in New York City resumed downsizing in the second half of the year. The securities industry, which is a … reforms.” The Comptroller also estimates that profits for the broker/dealer operations of New York Stock Exchange …
https://www.osc.ny.gov/press/releases/2012/02/wall-street-bonuses-declined-2011Wall Street Profits Up in 2016
… line on compensation. The jump in profitability is good news since the industry generates a significant amount of tax …
https://www.osc.ny.gov/press/releases/2017/03/wall-street-profits-2016Payments Allowed in Advance of Audit – Improving the Effectiveness of Your Claims Auditing Process
… district generally may, by resolution, authorize payment in advance for public utility services, postage, freight and … Public utility services generally include electric, gas, water, sewer and telephone services. 10 In addition, the governing board may generally establish …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/payments-allowed-advance-auditXII.6.S Paying a Vendor in a Foreign Currency – XII. Expenditures
… must process a wire transfer to the vendor. Process and Document Preparation: To process a vendor’s payment in a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6s-paying-vendor-foreign-currencyFederal Employees in New York State – Federal Funding and New York
… in New York are the Department of Veterans Affairs, U.S. Army, Department of the Treasury, Social Security … of Defense in this context does not include the Air Force, Army and Navy. Partnership for Public Service, Beyond the …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/federal-employees-new-york-stateMedicaid Program – Cost of Pharmacy Services Under Managed Care
… of Health (Department) obtained Medicaid pharmacy services under managed care in an economical manner. The … methods to pay health care providers for Medicaid pharmacy services: fee-for-service (FFS) and managed care. Under FFS, … (MCOs), which arrange for the provision of pharmacy services for Medicaid recipients and payments to pharmacy …
https://www.osc.ny.gov/state-agencies/audits/2020/09/17/medicaid-program-cost-pharmacy-services-under-managed-careHomeowners Association, Inc.
… Purpose The objective of our examination was to determine whether Homeowners Association, Inc. (Homeowners) expended $20,000 … under contract TM09M10 with the New York State Office of Children and Family Services (OCFS) in accordance with the … The objective of our examination was to determine whether Homeowners …
https://www.osc.ny.gov/state-agencies/audits/2013/12/10/homeowners-association-incTown of Morris – Board Oversight (2013M-75)
Town of Morris Board Oversight 2013M75
https://www.osc.ny.gov/local-government/audits/town/2013/05/29/town-morris-board-oversight-2013m-75Opinion 91-34
… Legislature or by local law adopted prior to September 1, 1953, all contracts for public work involving an … precision in layout, the county may be able to justify a specification requiring a demonstration of experience and … out of an accident or unforeseen occurrence or condition; (2) affecting public buildings, public property or the life, …
https://www.osc.ny.gov/legal-opinions/opinion-91-34Capital – 2022 Financial Condition Report
… A robust, efficiently managed capital investment program can support healthy economic growth, while the deterioration of capital assets can weaken the State’s economy and its ability to attract and retain business. Capital assets include not only highways and bridges, but …
https://www.osc.ny.gov/reports/finance/2022-fcr/capitalDiNapoli: Coronavirus Will Cause Multi-Year Hit to State Finances
… The coronavirus pandemic has caused extraordinary economic … in New York with punishing, still-evolving impacts on public health, jobs, the economy and state finances. As a … be as much as $9 billion to $10 billion, depending largely on how many taxpayers choose to delay their filings. While …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-coronavirus-will-cause-multi-year-hit-state-financesPrivacy and Security of Student Data (Follow-Up)
… recommendations included in our initial audit report, Privacy and Security of Student Data (Report 2021-S-29 ). … follows all laws and regulations regarding the safety and privacy of students’ data and is monitoring New York State … with the legislation and regulations that govern data privacy and security. The audit covered the period from March …
https://www.osc.ny.gov/state-agencies/audits/2024/09/26/privacy-and-security-student-data-followPersonal Income Tax Refunds
… of our examination was to determine whether personal income tax refunds approved by the Department of Taxation and … The Department processes all New York State personal income tax returns. All returns that result in refunds are … of our examination was to determine whether personal income tax refunds approved by the Department of Taxation and …
https://www.osc.ny.gov/state-agencies/audits/2014/04/16/personal-income-tax-refundsDiNapoli: MTA Budget Gaps Driven By Fare Revenue Drop
… gaps sooner,” DiNapoli said. “No one wants to see steep fare hikes or service cuts. However, it is unclear how the … as part of its funding. In 2019, prior to the pandemic, fare revenue stood at $6.4 billion, or 42.1%, of the MTA’s total revenue. Today, fare revenue makes up only 24.5% of the MTA’s $15.7 billion …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-mta-budget-gaps-driven-fare-revenue-dropControls Over Vehicle Use and Transportation-Related Expenses (Follow-Up)
… offices across the State, of which 10 operate repair shops responsible for the maintenance of Department vehicles. … Contractor provides a network of authorized private repair shops across the State for routine maintenance, repairs, … is required to negotiate costs with the private repair shops in its network and ensure costs are competitive and …
https://www.osc.ny.gov/state-agencies/audits/2023/05/11/controls-over-vehicle-use-and-transportation-related-expenses-followIV.1 Overview – IV. Accounting Codes - Uses and Descriptions
… within the SFS. Preparation of Financial Statements The General Ledger is the basis for financial statement … of categories-of-service with separate appropriations for hospital inpatient, hospital outpatient and emergency room, clinic, nursing home, other long-term care, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv1-overviewVII.2 Miscellaneous Receipts / Accounts Receivable Receipts Overview – VII. State Revenues and Appropriated Loan Receivables
… Chapter IV, Section 3.B - Miscellaneous Receipts of this Guide for a complete list of revenue account codes, product … Chapter IV, Section 3.B – Miscellaneous Receipts of this Guide. Public authority bond proceeds deposited to account … 2.A – Direct Journal Payment of this Chapter. Payment Worksheet: Submitted by an agency for deposits related to a …
https://www.osc.ny.gov/state-agencies/chapter-vii/vii2-miscellaneous-receipts-accounts-receivable-receipts-overviewDiNapoli Issues Report on Public-Private Partnerships
… financing of public projects. DiNapoli’s recommendations follow the release of a report today examining the benefits … but the state’s ability to pay for this important work is limited,” DiNapoli said. “If New York allows private … issued his first report on the role that public-private partnerships might play in New York’s infrastructure needs. …
https://www.osc.ny.gov/press/releases/2013/06/dinapoli-issues-report-public-private-partnerships