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DiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… budget by a total of $1.5 billion from 2023 through 2026. The MTA can use these savings to preserve and improve … provide funding to help balance the MTA’s budget through 2026 — and federal approval for congestion pricing — are … difficult choices. How it decides to bridge the gaps after 2026 and manage its debt can determine whether it remains on …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsDiNapoli: NYC Financial Plan Improved From June
… New York City’s fiscal year (FY) 2023 budget is projected to rise to $109.4 … due to unanticipated federal grant funds. The plan also does not yet include more than $1.4 billion in already … DiNapoli’s office in August. These costs will build over time, contributing to larger budget gaps in FY 2025 ($4.6 …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-junePhysical and Financial Conditions at Selected Mitchell-Lama Developments
… three developments: Clinton Towers (Manhattan), Evergreen Gardens (Bronx), and Tivoli Towers (Brooklyn). Key Findings Our audit …
https://www.osc.ny.gov/state-agencies/audits/2026/01/15/physical-and-financial-conditions-selected-mitchell-lama-developmentsXI.2.K Authorized Signatures – XI. Procurement and Contract Management
… the limitation on the appropriate authorized signature form. Agencies are responsible for establishing proper … BOC uses the Bureau of Contracts Authorized Signature Form ( AC 1782-S ) to verify authorized signatures on … sign each individual authorization form when more than one page is required. An agency can remove an authorized …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signaturesNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… New York State Comptroller Thomas P. DiNapoli has directed staff to prohibit all new investments in Russian companies and to review the New York … New York State Comptroller Thomas P DiNapoli has directed staff to prohibit all new investments in Russian companies and to review the New …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… City is expecting to generate a surplus of $3.7 billion in fiscal year (FY) 2022 due to federal aid, … to DiNapoli’s analysis. “Strong revenue, a rebound in property values, and the restart of the city’s Program to … Gap (PEG) will help produce significant recurring savings in the next few years and should help buffer the city from …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusV.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance
… organized as follows: BUDGETARY BASIS FUND TREE Level 1: Total Funds Level 2: Fund Category Level 3: Fund Type Level 4: Fund Type (Federal vs. State) Level 5: Total Fund Level 6: Fund/Subfund Transaction Detail GAAP BASIS FUND TREE Level 1: Total Funds Level 2: Major Category Level 3: Category Level …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accountingDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… In a report released today , New York State Comptroller … robust as other large U.S. cities, and with recent changes in state and local law enabling the use of these funds, … not only have an opportunity to build these reserves in the near term, but also to shape the city’s reserve policy …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundState Agencies Bulletin No. 2059
… 31, 2017, and before January 1, 2026), the maximum fair market value of a vehicle (automobiles, vans, trucks) made … of using the Prorated Annual Lease Value method or the Daily Lease Value method. Commuting Rule – Appropriate when … is the most restrictive and cannot be used if the fair market value exceeds set amounts in the year the vehicle was …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2059-procedures-reporting-taxable-value-personal-use-employer-providedPublic-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… improvements over the next 20 years,” DiNapoli said. “The big question is, how are we going to pay for that? …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedState Agencies Bulletin No. 1852
… personal usage. These charges may include tolls paid with EZ Pass accounts or other credit cards issued by the State. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1852-procedures-reporting-taxable-value-personal-use-employer-providedOversight of New York State Forest Tax Programs
… of forest, which provide many public benefits, including clean air and water, carbon storage, forest products (e.g., …
https://www.osc.ny.gov/state-agencies/audits/2022/04/20/oversight-new-york-state-forest-tax-programsXII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures
… payments for Accounts Payable and Land Claims processed in the Statewide Financial System (SFS) is readily available … documentation from agencies to support payments processed in the SFS. OSC may contact agency employees to either … be sent to OSC or to facilitate OSC’s on-site review. In either case, supporting documentation must be readily …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… only $825 million in total deposits to the rainy day fund reserves are planned in SFY 2021-22, bringing total rainy day fund reserves to $3.3 billion, equal to just 3.7 percent … issued the following recommendations: Boost the rainy day fund reserves . The Financial Plan’s anticipated deposits …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesCompliance With Executive Order 95 (Open Data)
… Conservation (DEC) is complying with Executive Order 95 (EO 95), including providing, in a timely manner, … responsible for managing water, land, and air pollution in order to enhance the health, safety, and welfare of the … the requirements of EO 95; however, certain aspects of the order have not been fully addressed. DEC was not in …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-dataOrdinary Death Benefit
… 2022 – A.7730/S.6619-A (Abbate/Gounardes) - Increases the age at which the ordinary death benefit commences to be … System (TRS) is in service to the full retirement age. Memo Bill Text Status … Increases the age at which the ordinary death benefit commences to be …
https://www.osc.ny.gov/legislation/ordinary-death-benefitNYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit
… proposal in December. “This is a victory for the many shareholders who are concerned about racial inequity in … systemic racism. An independent examination of just how Amazon is addressing racial injustice in its workplace, …
https://www.osc.ny.gov/press/releases/2021/04/nys-comptroller-dinapoli-sec-upholds-shareholders-right-seek-racial-equity-auditDiNapoli Releases Analysis of State Financial Plan
… Plan will be challenging to execute, requiring careful and continuous attention. To maximize the likelihood of success, … of funds is needed to allow policymakers and the public to monitor the allocation of these resources. In particular, it …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… from an employee’s income: Awards include tangible, personal property with a value of up to: $1,600 for qualified … Office of the State Comptroller will approve reasonable expenses related to award programs. Appropriate expenses … with NYS law, awards which do not meet the tangible personal property standard may only be awarded in programs …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers
… Renewal’s (HCR) lax oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly (RESTORE) program contributed to … Renewals HCR lax oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly RESTORE program contributed to …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkers