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V.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance
… Fund captures a fiscal and accounting entity with a self-balancing set of accounts (real and nominal) for recording cash and other financial resources, which are … activities or meeting certain objectives in accordance with New York State law. Fund is required on all …
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 … law enabling the use of these funds, called on the city to define how these resources are accumulated and used. … said. “Economic damage from the pandemic and changes to state and local laws on the use of reserves necessitates …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundState Agencies Bulletin No. 2059
… Purpose: The purpose of this bulletin is to inform agencies of the procedures and provide instructions for reporting the taxable value of personal use of an … in the employee’s taxable gross wages. This income is reportable on the employee’s Form W-2 and is subject to …
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
… As New York state grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over … offer as well as the underlying financial risks associated with forming those partnerships, according to a report … As NYS grapples with costeffective solutions for its estimated $250 billion …
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
… This bulletin is superseded by Payroll Bulletin 1852.1. Purpose The purpose of this bulletin is to inform agencies of the procedures and provide instructions for reporting the taxable value of personal use of an … The purpose of this bulletin is to inform agencies of the procedures and provide …
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
… Objective To determine if the Department of Environmental Conservation (Department) is adequately … are adhering to requirements to assist in the protection of the environmental benefits of the State’s forest resources. The audit covers properties … To determine if the Department of Environmental Conservation is adequately monitoring the …
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
… Section Overview and Policies: The purpose of this section is to provide guidance to agencies about record retention … requirements to ensure documentation supporting payments for Accounts Payable and Land Claims processed in the Statewide Financial System (SFS) is readily available to the Office of the State Comptroller …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsDiNapoli: Orange County Resident Arrested for Stealing Her Late Mother’s Pension Benefits
… New York State Police today announced that Valerie White, of Middletown, was arrested and charged with grand larceny in … degree (Class C Felony) for allegedly stealing $51,532.64 of her late mother’s pension payments. “Ms. White thought she … face consequences for their criminal actions.” “The theft of public funds is simply inexcusable. I applaud Comptroller …
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
The State Fiscal Year SFY 202122 Enacted Budget Financial Plan shows a remarkable improvement in the states financial condition as cumulative fouryear budget gaps estimated at $387 billion just four months ago have been reduced to $34 billion according to a report released today
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)
… whether the Department of Environmental Conservation (DEC) is complying with Executive Order 95 (EO 95), including providing, in a … (ITS) under EO 95, and whether data posted under EO 95 is reliable and easily usable. The audit covered the period … whether the Department of Environmental Conservation is complying with Executive Order 95 EO 95 including …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-dataOrdinary Death Benefit
… – Signed into law on December 16, 2022 as Chapter 720 of the laws of 2022 – A.7730/S.6619-A (Abbate/Gounardes) - Increases the … death benefit commences to be reduced while a member of the New York State and Local Retirement System (NYSLRS) … death benefit commences to be reduced while a member of the New York State and Local Retirement System NYSLRS and …
https://www.osc.ny.gov/legislation/ordinary-death-benefitNYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit
… Staff's determination that it was unable to agree with Amazon Inc.’s request to keep the New York State Common … about racial inequity in corporate America. Companies like Amazon need to show they are doing more than just talking the … systemic racism. An independent examination of just how Amazon is addressing racial injustice in its workplace, in …
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
… After two years of extraordinary volatility in state finances, the State … 2022-23 Enacted Budget Financial Plan from the Division of the Budget (DOB) projects fiscal stability for the next … Making deposits to the rainy-day reserves on or ahead of schedule may help prevent disruptions in critical programs …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… This section addresses Cash and Non-Cash awards associated with all merit award programs including longevity awards, … Revenue Code specifies certain conditions associated with award programs which, if satisfied, allow the employer … income: Awards include tangible, personal property with a value of up to: $1,600 for qualified plan awards, or …
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
… 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 … program contributed to delays in urgent home repairs for seniors …
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 specified in the contract terms and whether the Department of … 5, 2020. About the Program DoITT is the technology core of New York City government, working with City agencies and … To determine whether New York City received all revenues specified in the contract …
https://www.osc.ny.gov/state-agencies/audits/2021/07/30/linknyc-program-revenues-and-monitoringDiNapoli: Public Must Be Alerted to Sewer Overflow Problems
… At least 20 percent of the publicly owned sewer systems in New York state were not reporting overflow events or … events, potentially putting the public at risk, according to an audit of the Department of Environmental Conservation … DiNapoli’s auditors tested a sample of 113 events reported in NY-Alert to determine if publicly owned sewer and water …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-public-must-be-alerted-sewer-overflow-problemsDiNapoli Releases Upper Manhattan Economic Snapshot
… New York State Comptroller Thomas P. DiNapoli. The report is part of a series by DiNapoli examining economic issues … still need to be addressed, including the growing need for affordable housing.” “I applaud State Comptroller DiNapoli for conducting research …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-upper-manhattan-economic-snapshotDiNapoli Releases State Cash Report
… the Enacted Budget, according to the monthly state cash report issued today by New York State Comptroller Thomas P. … the case in many states. Other findings from the May cash report include: Consumption and use tax collections totaled … higher than last year at the same time. See the May cash report or go to: http://www.osc.state.ny.us/finance/cbr.htm …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportNYSLRS Record of Activities - Elected and Appointed Officials
This webinar will explain how the New York State and Local Retirement System (NYSLRS) determines service credit for Elected and Appointed Officials. Officials, who are not in a time-keeping system, are required to keep a Record of Activities (ROA).
https://www.osc.ny.gov/files/local-government/academy/pdf/nyslrs-roa-elected-appointed-030624.pdf