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Accounting and Financial Reporting for Leases as Required by GASB Statement No. 87
This bulletin provides accounting and financial reporting guidance related to those contracts that meet the definition of a lease, and illustrates how local governments, and school districts will need to account and report these leases in their annual update document (AUD) and the ST-3.
https://www.osc.ny.gov/files/local-government/publications/pdf/accounting-and-financial-reporting-for-leases-required-by-gasb-87.pdfCompliance With Executive Order 95 (Open Data) (2020-S-11) 180-Day Response
To determine whether the Department of Environmental Conservation is complying with Executive Order 95 (EO 95), including providing, in a timely manner, publishable State data to the Office of Information Technology Services, and whether data posted under EO 95 is reliable and easily usable.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-20s11-response.pdfInvesting and Protecting Public Funds Webinar Presentation
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-01-19-2022.pdfImports and Exports in the New York City Metropolitan Area
The New York portion of the New York City Metropolitan Area accounted for more than $103 billion, or 69% of the value of goods imported to New York State in 2023, and Europe provided the largest share of goods to the area.
https://www.osc.ny.gov/files/reports/osdc/pdf/imports-and-exports-in-nyc.pdfHomes and Community Renewal: Housing Trust Fund Corporation: Oversight of the Rural Rental Assistance Program (2023-S-53)
To determine whether project owners are receiving Rural Rental Assistance Program payments only for eligible units and are properly maintaining the units for which they receive RRAP payments, and whether the Housing Trust Fund Corporation is engaging in adequate outreach activities to ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23s53.pdfOversight of Horizon and Crossroads Juvenile Centers (2022-N-3)
To determine whether the New York City Administration for Children’s Services adequately operates Horizon and Crossroads Juvenile Detention Centers for court-placed youth to ensure they meet federal, State, and City standards and regulations for the health and safety of youth and staff and ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2025-22n3.pdfStraight Talk About Financial Planning For Your Retirement
… systems in the world and your retirement benefit is secure. By developing and following a solid financial plan, … Since members retiring today at age 62 can expect to live, on average, another 20 years, it’s important to take … Us There are several ways you can contact us: Email: secure contact form ; Call: 1-866-805-0990 or 518-474-7736 in …
https://www.osc.ny.gov/retirement/publications/straight-talk-about-financial-planning-your-retirementOpinion 90-47
… has been equated by the courts to the duty of an insurance company to provide a defense under an insurance policy, and … hundred eighty-one or nineteen hundred eighty-three of title forty-two of the United States code and the act or … governing board (see Seif v City of Long Beach , 286 NY 382; 1981 Opns St Comp No. 81-417, p 465; 1978 Opns St …
https://www.osc.ny.gov/legal-opinions/opinion-90-47DiNapoli and Investor Group Reach Shareholder Agreement With FirstEnergy
… energy producer, has agreed to produce a comprehensive report on the company’s plan to reduce greenhouse gas … withdrawn. “FirstEnergy is taking important steps today for shareholder value and the environment by looking … enhancing long-term shareholder value when they prepare for future regulations that reduce greenhouse gas emissions.” …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-and-investor-group-reach-shareholder-agreement-firstenergyNYSARC, Inc. – NYC Chapter (School-Age Program): Compliance With the Reimbursable Cost Manual
… officials, about 260 school-age students were enrolled in this program during the 2014-15 school year. The New York … June 30, 2015, NYSARC reported approximately $38 million in reimbursable costs for the school-age cost-based program. … fiscal years ended June 30, 2015, we identified $513,279 in reported costs that did not comply with the RCM’s …
https://www.osc.ny.gov/state-agencies/audits/2018/12/31/nysarc-inc-nyc-chapter-school-age-program-compliance-reimbursable-cost-manualCUNY Bulletin No. CU-531
… Purpose To inform agencies of the new flat rate deduction codes that will be used to recover Medicare and Social Security tax deficiencies for City University of New York (CUNY) … Questions regarding Medicare and/or Social Security tax deficiencies may be directed to the Tax and Compliance …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-531-new-deduction-codes-580-city-university-new-york-medicareState Agencies Bulletin No. 1665
… suspense period, and/or have not completed seven years of NYS service as an ORP/VDC member Active ORP participants with … is updated to Terminated. If these employees return to NYS service and Job Data has a status of Active, the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1665-calculating-breaks-service-orp-participants-apprear-control-d-nben742Medicaid Program – Improper Payments for Recipients No Longer Enrolled in Managed Long Term Care Partial Capitation Plans
… paid Plans 5,368 monthly capitation payments totaling about $21.4 million for recipients who were subsequently … 1,522 of the 5,368 monthly capitation payments (totaling about $6.2 million). Additionally, the Office of the Medicaid … our findings, leaving 3,046 capitation payments totaling about $12 million that still needed to be reviewed and …
https://www.osc.ny.gov/state-agencies/audits/2016/03/30/medicaid-program-improper-payments-recipients-no-longer-enrolled-managed-long-term-careDiNapoli Statement on the Governor’s 9th Proposal for the 2018 State of the State
… New York State Comptroller Thomas P. DiNapoli released the following statement today in response to the Governor’s 9th Proposal for the 2018 State of the State, related to the New York … Fund: "The New York State Common Retirement Fund is a leader among public pension funds that are investing to …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-statement-governors-9th-proposal-2018-state-stateState Agencies Bulletin No. 863
… of a new process implemented by OSC to ensure that NYC wages are properly reported on the 2008 Form W-2 for all employees with a NYC residence. Control-D Report NTAX702 (NYC Reportable …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/863-new-york-city-nyc-reportable-wagesState Agencies Bulletin No. 1276
… Purpose To inform the NYS Senate and NYS Assembly Payroll Offices of OSC’s … are paid using the LEG pay basis code which calculates an employee’s biweekly salary by dividing the annual salary by … paychecks dated 12/18/13, each Member must be placed on a Leave of Absence for Administration Pay Period 20C to prevent …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1276-impact-27-pay-periods-calendar-year-2013-nys-legislative-membersState Agencies Bulletin No. 1364
… receipt of Form AC3206 from employees who are receiving a prior year refund of Social Security and Medicare taxes for any reason, including Workers’ Compensation related … and obtain consent for the refund. If an employee does not complete and sign form AC3206 or does not return the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1364-new-procedure-reporting-prior-year-social-security-and-medicare-taxTown of Stony Creek – Supervisor's Records and Reports (2022M-32)
… maintained accurate accounting records and reports to allow the Town Board (Board) to effectively manage the Town’s financial operations. Key … maintained. Provide bank statements or canceled checks to the Board and ensure cash accounts were independently …
https://www.osc.ny.gov/local-government/audits/town/2022/07/01/town-stony-creek-supervisors-records-and-reports-2022m-32DiNapoli: Local Sales Tax Collections Up Nearly 16% in April
… Local government sales tax collections grew by 15.7% in April compared to the same … $232 million from April of last year. “While local sales tax collections in April were strong throughout most of the … in April. Among cities that impose their own general sales tax, the City of Olean came in at the highest at 46.6%. …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-local-sales-tax-collections-nearly-16-percent-aprilTown of Indian Lake – Reserves and Justice Court Operations (2014M-330)
… 1, 2013 through May 31, 2014. Background The Town of Indian Lake is located in Hamilton County and has a …
https://www.osc.ny.gov/local-government/audits/justice-court/2015/03/06/town-indian-lake-reserves-and-justice-court-operations-2014m-330