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DiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… go toward debt payments and peak around 19.5% in 2024 and 2025 before declining slightly. However, after adjusting for …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsPublic-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… Public-private partnerships are a good option to look at, but those partnerships don’t come risk-free. It makes good sense for the state to look … partnerships based on experience in other states, but we have to ensure public assets are not squandered and …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedDiNapoli Releases Analysis of State Financial Plan
… the Division of the Budget (DOB) projects fiscal stability for the next five years and includes plans to bolster rainy day reserves … growth in spending over the Financial Plan period in school aid and Medicaid. Risks and Causes for Concern …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… Business Unit personnel should be aware of in planning for employee award programs and the requirements of the Office of the State Comptroller (OSC) for approving payment for these types of programs. This section addresses Cash and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… New York City is expecting to generate a surplus of $3.7 billion … planned savings, according to a report released today by State Comptroller Thomas P. DiNapoli on the city’s February … of its FY 2023 debt service, and help it to balance the budget in that fiscal year. The updated financial plan …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusXI.2.K Authorized Signatures – XI. Procurement and Contract Management
… or of a division, board, body, bureau, officer or employee in a department, for personal services, maintenance and … For example, an individual may be authorized to sign a grant contract but not a construction contract, or to sign vendor responsibility determinations but not contracts. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signaturesXII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures
… requirements to ensure documentation supporting payments for Accounts Payable and Land Claims processed in the … Payable Voucher meets the auditors’ needs. OSC’s request for payment documentation is in support of its constitutional … Proof of services received Information to support third-party payments (e.g., check registers, cancelled checks) Work …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsOversight of New York State Forest Tax Programs
… those properties through July 2021. About the Program New York State’s land area of 30.2 million acres comprises almost … both healthy forests and a stable forest economy, in 1974 New York enacted Real Property Tax Law 480a – a tax incentive …
https://www.osc.ny.gov/state-agencies/audits/2022/04/20/oversight-new-york-state-forest-tax-programsNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… New York State Comptroller Thomas P. DiNapoli has directed staff … Russian companies and to review the New York State Common Retirement Fund’s (Fund) current investments and assess … the assets of the New York State and Local Retirement System on behalf of more than one million state and local …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewDiNapoli: Orange County Resident Arrested for Stealing Her Late Mother’s Pension Benefits
… Thomas P. DiNapoli, Orange County District Attorney David M. Hoovler, and the New York State Police today … protecting public funds,” Orange County District Attorney David Hoovler said. Betty James died on April 11, 2017, but …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-orange-county-resident-arrested-stealing-her-late-mothers-pension-benefitsDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… $15.2 billion in federal assistance and $17.3 billion from tax and other policy actions. “The state’s economic and … fiscal outlook have improved,” DiNapoli said. “Local sales tax collections are up significantly, and our May Cash Report … pressures will subside in the Medicaid program. Increased tax rates on high-income earners will make the state more …
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)
… 2013, established an online Open Data Website (Open Data) for the collection and public dissemination of publishable … and make such data freely available in accessible formats for public use. As of March 2021, there were over 5,190 data … natural resources and environment, DEC is responsible for managing water, land, and air pollution in order to …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-dataOrdinary Death Benefit
… to be reduced while a member of the New York State and Local Retirement System (NYSLRS) and the New York State Teachers' Retirement …
https://www.osc.ny.gov/legislation/ordinary-death-benefitNYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit
… the shareholder proposal in December. “This is a victory for the many shareholders who are concerned about racial …
https://www.osc.ny.gov/press/releases/2021/04/nys-comptroller-dinapoli-sec-upholds-shareholders-right-seek-racial-equity-auditDiNapoli Releases Upper Manhattan Economic Snapshot
… a shortage of affordable housing are challenges, according to an economic snapshot released today by New York State … economic issues across the five boroughs. “It’s exciting to see the gains that the Washington Heights and Inwood … have made so far,” said DiNapoli. “People are moving to these neighborhoods, new businesses are being created and …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-upper-manhattan-economic-snapshotDiNapoli Releases State Cash Report
… from last year, and $59.6 million lower than projections. All Funds receipts totaled $23.9 billion through May, $292.1 … below projections, primarily in special revenue funds. All Funds spending of $20 billion through the first two … The cash report focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportV.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance
… or meeting certain objectives in accordance with New York State law. Fund is required on all transactions. Fund is a … Category Level 3: Fund Type Level 4: Fund Type (Federal vs. State) Level 5: Total Fund Level 6: Fund/Subfund …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accountingDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… Thomas P. DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the … city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the … the use of these funds, called on the city to define how these resources are accumulated and used. “Setting aside …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundDiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers
… program contributed to delays in urgent home repairs for seniors. The audit found the agency needs to do more to … program. “The RESTORE program has been a vital resource for seniors across our state whose homes may be at risk if … receiving no service through the program. LPAs (not-for-profit organizations and municipalities) apply to the …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkersLinkNYC Program Revenues and Monitoring
… Objectives To determine whether New York City received all the revenues … and Telecommunications (DoITT) monitored the contract to ensure that Links (technologically advanced …
https://www.osc.ny.gov/state-agencies/audits/2021/07/30/linknyc-program-revenues-and-monitoring