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DiNapoli Announces Sale of $914.3 Million State of New York General Obligation Refunding Bonds
… Bonds. This General Obligation bond issue was sold to refinance certain outstanding bonds generating $112.4 million in debt service savings to the state on a net present value basis. The newly issued … transportation, environmental and other purposes. “Thanks to strong investor interest in our bonds and a low-interest …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-announces-sale-9143-million-state-new-york-general-obligation-refunding-bondsDiNapoli: State Tax Revenues Down $3 Billion Through July
… in local assistance grants. The General Fund ended the month with a balance of $14.4 billion, $7.8 billion higher …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-state-tax-revenues-down-3-billion-through-julyDiNapoli: Local Sales Tax Collections Drop Over 32 Percent in May
… in lost revenues for a single month. One major influence is consumers’ online spending, now largely subject to the sales tax. Detail on this activity is not currently available. “We anticipated that sales tax … but the May sales tax figures show just how deep it is cutting into municipal finances,” DiNapoli said. “Sales …
https://www.osc.ny.gov/press/releases/2020/06/dinapoli-local-sales-tax-collections-drop-over-32-percent-mayOversight of the Agricultural Assessment Program
… Law was enacted in 1971 to protect and promote the availability of land for farming purposes. The law allows …
https://www.osc.ny.gov/state-agencies/audits/2018/02/02/oversight-agricultural-assessment-programMedicaid Claims Processing Activity October 1, 2011 Through March 31, 2012
… (intensive) levels of care that should have been based on less costly "alternate" levels of care, which caused …
https://www.osc.ny.gov/state-agencies/audits/2013/07/09/medicaid-claims-processing-activity-october-1-2011-through-march-31-2012School of Professional Studies – Controls Over Bank Accounts
… internal controls over bank accounts held in the school’s name. Consequently, a former CUNY SPS employee had complete … and use them to open two unauthorized bank accounts in the name of CUNY SPS. As of the end of our audit fieldwork, …
https://www.osc.ny.gov/state-agencies/audits/2015/06/02/school-professional-studies-controls-over-bank-accountsOverpayments for Services Also Covered by Medicare Part B (Follow-Up)
… Purpose To determine the extent of implementation of the two … and public housing centers, that provide medical services to underserved areas or populations. Our initial audit … $1 million in potential recoveries were likely lost due to the inaction on overpayments for claims that are now more …
https://www.osc.ny.gov/state-agencies/audits/2015/06/26/overpayments-services-also-covered-medicare-part-b-followSafety of Infrastructure (Follow-Up)
… safety. We found Parks needed to establish principles to guide selection of alternative solutions in cases where potentially …
https://www.osc.ny.gov/state-agencies/audits/2015/01/06/safety-infrastructure-followMedicaid Payments for Excessive Dental Services (Follow-Up)
… our initial audit report, Medicaid Payments for Excessive Dental Services (Report 2009-S-46). Background Our initial … on August 16, 2010, examined Medicaid payments for routine dental services, such as cleanings and oral evaluations, … 31, 2009. Our audit identified $40 million of excessive dental services that exceeded certain frequency limits (i.e., …
https://www.osc.ny.gov/state-agencies/audits/2013/04/10/medicaid-payments-excessive-dental-services-followAmerican Academy of Pediatrics, District II
… Unit, we examined select payments the Department of Health (Department) made to the American Academy of Pediatrics, District II (AAP) under contract C028275.After … Key Findings To date, we found that the Executive Director of AAP falsely certified and submitted to the Department 16 …
https://www.osc.ny.gov/state-agencies/audits/2014/02/28/american-academy-pediatrics-district-iiExamination of Superstorm Sandy Expenses
… As part of a series of examinations of Agency responses to Superstorm Sandy (Sandy), we sought to determine if the Division of Homeland and Security … heaters and generators it procured during its response to Superstorm Sandy. Background As part of its response to …
https://www.osc.ny.gov/state-agencies/audits/2014/03/21/examination-superstorm-sandy-expensesAccuracy of Reported Cost Savings
… Purpose To assess the accuracy of the Office of the Medicaid … of the Medicaid Inspector General's (OMIG) mission is to enhance the integrity of the New York State Medicaid … detecting fraudulent, abusive and wasteful practices, and to recover improperly expended Medicaid funds while promoting …
https://www.osc.ny.gov/state-agencies/audits/2014/07/11/accuracy-reported-cost-savingsEducators for Children, Youth and Families, Inc. – Use of Contract Funds (Follow-Up)
… the 3 recs included in our initial audit report Educators for Children Youth Families Inc Use of Contract Funds …
https://www.osc.ny.gov/state-agencies/audits/2013/08/13/educators-children-youth-and-families-inc-use-contract-funds-followDisposal of Electronic Devices
… Purpose To determine if those electronic devices approved for sale as … of Cyber Security Policy requires all State entities to establish formal procedures to address the risk that personal, private or sensitive … To determine if those electronic devices approved for sale as …
https://www.osc.ny.gov/state-agencies/audits/2013/04/25/disposal-electronic-devicesSelected Aspects of Bus Procurement
… Authority to determine whether it procures buses in a manner which results in the best value for the lowest cost. The audit covered bus … benefit corporation providing transportation services in and around the New York City metropolitan area. The MTA … Authority to determine whether it procures buses in a manner that results in the best value for the lowest cost …
https://www.osc.ny.gov/state-agencies/audits/2014/03/03/selected-aspects-bus-procurementCompliance With Payment Card Industry Standards
… the protection of cardholder data at the Authority. Based on our review, we identified several matters that management …
https://www.osc.ny.gov/state-agencies/audits/2017/02/06/compliance-payment-card-industry-standardsDiNapoli Releases Bond Calendar for Second Quarter
… major public authorities during the second quarter of 2026. The planned sales of $4.47 billion include $3.66 … planned sales of $5.34 billion during the first quarter of 2026, and $7.43 billion during second quarter of 2025. The … Executive Order primarily to coordinate the borrowing activities of the state, New York City, and their respective …
https://www.osc.ny.gov/press/releases/2026/04/dinapoli-releases-bond-calendar-second-quarterGovernment-Wide Financial Data – 2022 Financial Condition Report
… process is complete (full accrual basis), as opposed to when they are actually received or paid (cash basis). Each … of resources (the consumption of net assets applicable to a future reporting period); Liabilities; Deferred inflows … of resources (the acquisition of net assets applicable to a future reporting period); and The difference between …
https://www.osc.ny.gov/reports/finance/2022-fcr/government-wide-financial-dataKids First Evaluation & Advocacy Center – Compliance with the Reimbursable Cost Manual
… Objective To determine whether the costs reported by Kids First … Kids First provides preschool special education services to children with disabilities who are between 3 and 4 years … reported by Kids First on the annual CFR that it submits to SED. Costs reported on the CFR must comply fully with the …
https://www.osc.ny.gov/state-agencies/audits/2022/03/02/kids-first-evaluation-advocacy-center-compliance-reimbursable-cost-manualMinds in Motion, Inc. – Compliance With the Reimbursable Cost Manual
… Objective To determine whether the costs reported by Minds in Motion, … MIM provides preschool special education services to children with disabilities who are between three and four … financial information, including costs, that MIM reports to SED on its annual CFR. To be eligible for reimbursement, …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manual