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DiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… face a maximum of five to 15 years in prison. "Taking a page from Bernie Madoff's playbook, these defendants … in an elaborate Ponzi scheme that included a bogus online portal showing fabricated investment growth," DA Singas said. … State Comptroller's Office in April 2018 at Eckstein's home office yielded thousands of pages of financial …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationOpinion 95-21
… for) TOWN LAW, §206: A town board may, on its own motion, and must, upon the filing of a proper petition, initiate a proceeding to consolidate two or more sewer districts. The consolidation is subject to public hearing and permissive referendum requirements. You …
https://www.osc.ny.gov/legal-opinions/opinion-95-21Steuben County – County Bridge Maintenance (S9-13-1)
… their bridges to ensure the safety of those who travel on them for the period January 1, 2007, to December 31, 2011. … their bridges to ensure the safety of those who travel on them …
https://www.osc.ny.gov/local-government/audits/county/2013/07/19/steuben-county-county-bridge-maintenance-s9-13-1DiNapoli Announces New Technology Investment Through Contour Venture Partners
… activity, received venture funding through Contour Venture Partners, an investment partner of the New York State Common … Common Retirement Fund has partnered with Contour Venture Partners for a total of twenty investments through the … New York State Common Retirement Fund and Contour Venture Partners provides us exceptional flexibility to grow the …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersReal Property Portfolio
… Objectives To determine whether Empire State Development (ESD) fully and accurately accounted for and reported on its real property holdings and the need to either hold or dispose of properties, and if … To determine whether Empire State Development ESD fully and …
https://www.osc.ny.gov/state-agencies/audits/2024/08/21/real-property-portfolioXIV.8 Controls to Prevent Prohibited Transactions Using Sole Custody Funds – XIV. Special Procedures
… #13224, "Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism." This order prohibits New York State Business Units from doing business with terrorists and terrorist organizations. The Office of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv8-controls-prevent-prohibited-transactions-using-sole-custody-fundsNYS Common Retirement Fund Announces Third Quarter Results
… Fund’s (CRF) overall return in the third quarter of state fiscal year 2016-2017 was 1.11 percent for the … period ending Dec. 31, 2016, with an estimated value of $186 billion, according to New York State Comptroller … We continue to focus on prudent, long-term management of investments to make sure our assets match our …
https://www.osc.ny.gov/press/releases/2017/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli: Former Town Clerk Pleads Guilty to $35,000 Embezzlement
… than $27,000 in property taxes and more than $8,000 of the dog licensing fees and other fees. She submitted monthly … and falsely claimed that she turned over portions of the dog licensing money to the county treasurer. The State …
https://www.osc.ny.gov/press/releases/2019/09/dinapoli-former-town-clerk-pleads-guilty-35000-embezzlementNew York City Economy Continues to Set Records
… New York City employment reached 4.55 million jobs in 2018, the highest level ever recorded, according to a report released today by State Comptroller Thomas P. DiNapoli. “New York City is experiencing its largest and longest job … New York City employment reached 455 million jobs in 2018 the …
https://www.osc.ny.gov/press/releases/2019/04/new-york-city-economy-continues-set-recordsState Comptroller DiNapoli Releases State Audits
… Over Bank Accounts (2014-S-69) Auditors found weaknesses in the monitoring and authorization of bank accounts, which … including those resulting from accelerating deterioration in certain structural components, authority officials should … Auditors found weaknesses in the monitoring and authorization of bank accounts which …
https://www.osc.ny.gov/press/releases/2016/05/state-comptroller-dinapoli-releases-state-auditsX.5.B Requesting a Single Payment Vendor ID – X. Guide to Vendor/Customer Management
… Management Unit (VMU), for a new Single Payment Vendor ID to use in the Statewide Financial System. Only the VMU can establish a Single Payment Vendor ID Number. Business Units should contact the VMU to request … it has a need to request a Single Payment Vendor ID, it should: Complete the New York State Single Payment …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x5b-requesting-single-payment-vendor-idIX.12.K Functional Clearance Patterns – IX. Federal Grants
… until such checks clear the state's bank account or EFT settlement occurs. To calculate CMIA interest liabilities, it …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12k-functional-clearance-patternsIV.2 Governing State Statutes – IV. Accounting Codes - Uses and Descriptions
… There are numerous State statutes which govern how financial transactions are recorded in the SFS, and many accounting standards that prescribe … are the most notable statutes for account code usage in the SFS: State Finance Law §8 prescribes that the State … There are numerous State statutes which govern how financial transactions are recorded in the SFS and many …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv2-governing-state-statutesXIV.14.C Necessity for General Capital Assets Reporting – XIV. Special Procedures
… these assets, as reduced by appropriate depreciation, as general assets of the State. Capital assets will be … useful lives as indicated in Section XIV.14.E - Recording General Capital Assets of this Chapter. Guide to Financial …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv14c-necessity-general-capital-assets-reportingLump Sum Payments – Enhanced Reporting
… Lump sum payments must be reported in the month they were … code . The following types of payments may be made as a lump sum: Buy back Settlement agreement* Holiday Maintenance … Limits page . *** For members of most tiers and plans, a lump sum payment for up to 30 unused vacation days can be …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/lump-sum-paymentsRFP#0001 – Online Financial Literacy Program
… information as it becomes available, is available for download through the following links: Request for Proposal (Amended 4/11/25), in PDF Forms Only (Amended 4/11/25), in MS Word format Amendment … in Adobe Acrobat PDF format and may be opened with the free Acrobat reader, available through this link: …
https://www.osc.ny.gov/procurement/rfp-0001CUNY Bulletin No. CU-767
… union dues increase for employees represented by NYSNA in Bargaining Unit TE. Affected Employees: Employees represented by the NYSNA in Bargaining Unit TE are affected. Effective Dates: Changes will be effective in paychecks dated July 13, 2023. OSC Actions: At the request …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-767-new-york-state-nurses-association-nysna-dues-increaseCUNY Bulletin No. CU-789
… union dues increase for employees represented by NYSNA in Bargaining Unit TE. Affected Employees: Employees represented by the NYSNA in Bargaining Unit TE are affected. Effective Dates: Changes will be effective in paychecks dated July 11, 2024. OSC Actions: At the request …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-789-new-york-state-nurses-association-nysna-dues-increaseDrug and Alcohol Treatment Program – Provider Claiming of Depreciation Expenses (Follow-Up)
… included in our initial audit report, Drug and Alcohol Treatment Program: Provider Claiming of Depreciation Expense … oversees the nation’s largest and most diverse addiction treatment system. Its mission is to provide accessible, … and families through alcohol and drug prevention and treatment and to meet clients’ individual needs through …
https://www.osc.ny.gov/state-agencies/audits/2018/09/05/drug-and-alcohol-treatment-program-provider-claiming-depreciation-expenses-followEffectiveness of Cost Containment Initiatives
… a 570-mile tolled highway system that includes eight major bridges and maintenance responsibility for 809 other bridges that carry local roads and State highways over and … Canal System. Some segments of the Thruway and its bridges are over 60 years old and are nearing the last stages …
https://www.osc.ny.gov/state-agencies/audits/2016/11/17/effectiveness-cost-containment-initiatives