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Investing and Protecting Public Funds
This session is designed to help local officials understand procedures and policies used to control and account for cash. Presenters will discuss the following: principles and statutes, depositing public funds, securing deposits, investment policies, cash controls and reporting, and cash flow foreca
https://www.osc.ny.gov/files/local-government/academy/pdf/investing-and-protecting-public-funds-01-18-23.pdfDiNapoli: New York's March 31 Cash Standing Above Projections, but Faces Significant Shortfall in Weeks
… billion, or $2.4 billion above projections. The state will face cash flow challenges as soon as next month due to … federal government to step up and provide help, or they face tough decisions such as recurring cuts or deficit …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-new-yorks-march-31-cash-standing-above-projections-faces-significant-shortfall-weeksProposed Regulations
… 201.2 (a) and (b) are amended to read as follows: (a) the annual reports of the public authority , in accordance with section 2800 of the … Proposed regulations by the Office of the New York State Comptroller …
https://www.osc.ny.gov/legislation/proposed-regulationsDiNapoli: Syracuse City School District Teacher Pleads Guilty in Time Theft Scheme
… Program pleaded guilty to corrupting the government in the 3rd Degree …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-syracuse-city-school-district-teacher-pleads-guilty-time-theft-schemeThe Tourism Industry in New York City
… no more than $5). Many occupations in the tourism industry pay the minimum wage, as these jobs generally do not require … of app-based for-hire cars and established a minimum pay schedule. Pandemic Impact As the COVID-19 pandemic began … 17 If tourism-dependent properties are unable to pay property taxes, this could further deteriorate tax …
https://www.osc.ny.gov/reports/osdc/tourism-industry-new-york-cityGingerbread Learning Center Executive Director and Wife Convicted in Nearly $800,000 Theft of Public Funds
… by June 18. They also will receive five years of probation. The couple used the stolen funds to landscape …
https://www.osc.ny.gov/press/releases/2019/03/gingerbread-learning-center-executive-director-and-wife-convicted-nearly-800000-theft-public-fundsOversight of Mental Health Education in Schools
… taking to ensure that school districts have the necessary mental health education in place as required by law. We also sought to determine what mental health services are available at the school districts. … educators, and parents. Children already coping with mental health conditions have been especially vulnerable to …
https://www.osc.ny.gov/state-agencies/audits/2022/04/11/oversight-mental-health-education-schoolsState Agencies Bulletin No. 127
… codes have been established for PEF employees: 395 PEF Auto (Liberty) 396 PEF Home (Liberty) These transactions will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/127-new-voluntary-insurance-codes-pefDiNapoli: February Local Sales Tax Collections Down 4.2 Percent; Year Over Year Decline Narrows
… Overall sales tax collections for local governments declined by 4.2 percent in February … year. Collections are down $2.2 billion, or 12 percent, for the past 12 months (March 2020 – February 2021), compared … in the state experienced sales tax collection declines for February, ranging from 0.1 percent in the Mohawk Valley …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-february-local-sales-tax-collections-down-42-percent-year-over-year-decline-narrowsDiNapoli: Former Oneida City Chamberlain Arrested for Stealing More Than $78,000 in City Funds
… her term expired in 2021. She was arraigned in Oneida City Court before Judge Michael J. Misiaszek and is due back in court on Nov. 10. The …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-former-oneida-city-chamberlain-arrested-stealing-more-78000-city-fundsDiNapoli: Former Long Island School Official Pleads Guilty in Kickback Scheme
… guilty to conspiracy to commit honest services wire fraud in connection with her participation in a kickback scheme. The announcement was made jointly with … deserve nothing less.” “This defendant leveraged her power as a Hempstead School District official to line her own …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-former-long-island-school-official-pleads-guilty-kickback-schemeIndependent Oversight: OSC's Contract Review Safeguards Public Funds, May 2022
The recent Enacted State Budget for State Fiscal Year (SFY) 2022-23 allowed at least $11 billion in spending without a competitive process or the benefit of an OSC review.
https://www.osc.ny.gov/files/reports/pdf/osc-contract-review.pdfLocal Sales Tax Collections Up
… upstate regions had weaker collections than the downstate region.” Sales tax collections rose fastest during the second … collections were uneven around the state. The Mid-Hudson region and New York City had year-over-year growth above the … tax rate increase in Westchester County. The Finger Lakes region also saw collections strengthen over the previous …
https://www.osc.ny.gov/press/releases/2020/02/local-sales-tax-collectionsDiNapoli: State Tax Collections Slightly Stronger Than Expected in February but Remain Volatile
… assumed relatively modest growth in tax revenues, and so far receipts have been higher than initially …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-state-tax-collections-slightly-stronger-expected-february-remain-volatileTompkins County Industrial Development Agency – Project Approval and Monitoring (2021M-143)
… information is accurate. The Board did not ensure payments in lieu of taxes (PILOTs) were billed and paid in accordance with PILOT agreements. As a result, a business was underbilled … $78,600, a business was not billed for its agreed upon PILOT totaling $18,900 and another business was overbilled …
https://www.osc.ny.gov/local-government/audits/county/2021/12/17/tompkins-county-industrial-development-agency-project-approval-and-monitoringThe Continued Decline in Affordable Housing in New York City - June 2013
This report is the third issued by the Office of the State Comptroller since 2009 concerning affordable housing in New York City.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-3-2014.pdfState Contract and Payment Actions in December
… In December, the Office of the State Comptroller approved … of Corrections and Community Supervision training center in Albany County. $14.9 million with Monpat Construction, … the roof and repair stucco at Rockland Psychiatric Center in Rockland County. $2.4 million with S & L Roofing and Sheet …
https://www.osc.ny.gov/press/releases/2019/01/state-contract-and-payment-actions-decemberState Contract and Payment Actions in February
… for bridge replacement on NY Route 14 over Glenn Creek in Schuyler County. $2.2 million with ELQ Industries, Inc. for …
https://www.osc.ny.gov/press/releases/2019/03/state-contract-and-payment-actions-februaryState Contract and Payment Actions in June
… worth more than $10.5 billion. The office rejected 131 contracts and related transactions valued at $980 million … Family Associates, L.P. to purchase land on Poverty Hill Road in Cattaraugus County. Office of General Services $38.7 … to Yonkers Contracting Company, Inc. to reconstruct Exit 131 at the intersection of Routes 17 and 32 in Orange County. …
https://www.osc.ny.gov/press/releases/2019/07/state-contract-and-payment-actions-juneState Contract and Payment Actions in August
… and 32 in Orange County. $1.4 million to National Railroad Passenger Corporation (Amtrak) for design and construction of … of Transportation $1.5 million to National Railroad Passenger Corporation (Amtrak) for design and construction of …
https://www.osc.ny.gov/press/releases/2020/10/state-contract-and-payment-actions-august