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DiNapoli: MTA Financial Outlook in Precarious Balance
… but it is not out of the woods yet, according to a report released today by New York State Comptroller … Comptroller’s annual report on the MTA’s finances details how the combination of higher spending, the winding down of … of the MTA’s capital needs to prioritize service and win back riders — whose return the Comptroller’s subway …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-mta-financial-outlook-precarious-balanceDiNapoli: New York’s Workforce Development Programs Lack Governance and Coordination
… leadership and coordination,” DiNapoli said. “As the lead agency in workforce development, the Department of Labor … and emerging needs, such as training, support services, childcare and transportation assistance. The entities … that New York lacks an integrated data system for case management and reporting of WFD programs and services. …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-new-yorks-workforce-development-programs-lack-governance-and-coordinationState Comptroller DiNapoli Releases Audits
… with possible mold. Office of General Services: Summit Security Services Inc. (2019-BSE3-001) OGS paid Summit more than $867,000 for 40 individuals provided by Summit’s subcontractor, Bestworth, who did not meet the contract … Civil Service. As a result, Civil Service is due $453,029 in rebates. Department of Civil Service: New York State …
https://www.osc.ny.gov/press/releases/2020/08/state-comptroller-dinapoli-releases-auditsHousing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (2021-S-10) 180-Day Response
To determine whether Homes and Community Renewal (HCR) has established and maintains adequate internal controls to oversee and monitor the federally funded Community Development Block Grant program and HOME Investment Partnerships Program to ensure they meet requirements, and whether ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-21s10-response.pdfHousing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for CDBG and HOME (Follow-Up) (2023-F-42)
To determine the extent of implementation of the recommendation included in our initial audit report, Housing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Report 2021-S-10).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23f42.pdfNew York Local Government Assistance Corporation
… ( [email protected] ) Mission Statement Created on June 11, 1990, the New York Local Government Assistance … of such LGAC bonds) to help eliminate the State’s reliance on the annual issuance of intra-year tax and revenue … risk levels while maintaining the exclusion of interest on LGAC debt from federal and State income taxation; the …
https://www.osc.ny.gov/debt/lgacDiNapoli: Brooklyn Economy Sets Records
… Employment grew faster in Brooklyn since the end of the recession than in the rest of New York City, the state and the nation, and its unemployment rate has fallen to a … Comptroller Thomas P. DiNapoli. "It’s an exciting time for Brooklyn with record employment, business growth, and a …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-brooklyn-economy-sets-recordsAccounting for Capital Assets
A municipality's inventory of capital assets often represents its most significant investment of resources. This session will cover the proper accounting for these valuable assets. We will also discuss best practices to ensure these assets are properly safeguarded from theft or loss.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-capital-assets-110624.pdfWall Street Bonuses Rose In 2012
… Comptroller Thomas P. DiNapoli. “Wall Street is still in transition, but it is slowly adjusting to changes in its economic and regulatory environment,” DiNapoli said. "Profits and bonuses rebounded in 2012, but the industry is still restructuring. Despite its …
https://www.osc.ny.gov/press/releases/2013/02/wall-street-bonuses-rose-2012Effectiveness of the Information Technology Transformation
… Digital Network Consolidation, Email Consolidation and Integration, Enterprise Identification and Access … and only one of these initiatives (Email Consolidation and Integration) has shown significant progress and is ostensibly …
https://www.osc.ny.gov/state-agencies/audits/2016/08/24/effectiveness-information-technology-transformationNY's Balance of Payments With Washington Remains Positive for Now, but Federal Actions Could Drastically Change State's Financial Picture
… taken by the Trump Administration and Congress may cut health care, food assistance, infrastructure and other … federal grants provide important support for services to children with disabilities or limited English proficiency, … in funds for public health, addiction services, and mental health programming. This loss of federal funding …
https://www.osc.ny.gov/press/releases/2025/04/nys-balance-payments-washington-remains-positive-now-federal-actions-could-drastically-change-statesOpinion 93-9
… bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Exempt Volunteer Firemen's Benevolent … member of association to receive benefits); (use of money for scholarship program) INSURANCE LAW, §§9104, 9105: The Florida Fire Department …
https://www.osc.ny.gov/legal-opinions/opinion-93-9II.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… the governmental and proprietary fund types and fiduciary funds. Required supplementary information (other than MD&A) … includes budgetary comparison schedules for governmental funds, information about infrastructure assets reported using … financial statements are provided for governmental funds, enterprise funds, and fiduciary funds, even though the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsDiNapoli: Tax Collections Down $1.3 Billion in First Half of Fiscal Year
… according to a mid-year report on revenue and monetary settlements released today by New York State … to receive, nearly $9 billion in largely non-recurring monetary fines, settlements, forfeitures or restitutions from … SFY 2015-16 Enacted Budget Financial Plan indicated that monetary settlement resources would be used to fund one-time …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-tax-collections-down-13-billion-first-half-fiscal-yearDiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… standards, averaging 5.3% from fiscal years 2024 through 2026, the city will have to prepare for the potential … FY 2024 but could rise to an additional $3 billion by FY 2026. Education funding levels remain uncertain at this time. … (including retroactive pay) growing to $3.6 billion in FY 2026, with recurring costs of nearly $4 billion annually …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeDiNapoli: Debt Adding to MTA's Financial Pressures With Riders and Fare Revenue Slow to Return
… decisions into the future and could leave less money to pay for services, according to New York State Comptroller … not kick the can down the road. Its plans to issue debt to pay for operating costs and put off paying down its debt for … $2 billion and could, as a last resort, have to borrow to pay for operating costs, as is planned for 2025. DiNapoli …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-debt-adding-mtas-financial-pressures-riders-and-fare-revenue-slow-returnOpinion 96-4
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … in the opinion. LOCAL LAWS -- Municipal Funds (disposition of proceeds of sale of property); (establishment of general … to your request for our opinion concerning the disposition of the proceeds of the sale of certain village owned real …
https://www.osc.ny.gov/legal-opinions/opinion-96-4DiNapoli Releases Economic Report on the Bronx
… health care and social assistance; 10.2 percent in retail trade; 9.6 percent in accommodation and food services; and … Q2 Percent Change Health Care 70,200 63,300 -9.9% Retail Trade 30,900 24,200 -21.6% Social Assistance 28,000 25,200 … 12,700 -13.5% Construction 12,500 8,800 -30.0% Wholesale Trade 12,300 10,000 -18.9% Personal Services 9,700 6,300 …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-releases-economic-report-bronxResources and Responsibilities: New York State’s Environmental Funding
… On the founding Earth Day just over 50 years ago, New York State created the Department of Environmental … State Comptroller Executive Summary Founded in 1970, the New York State Department of Environmental Conservation (DEC) … new functions within the limits of available resources. New York has created a number of dedicated funds for …
https://www.osc.ny.gov/reports/resources-and-responsibilities-new-york-states-environmental-fundingInvesting and Protecting Public Funds
This session is designed to help local officials understand procedures and policies used to control and account for cash. Presenters will discuss the following: principles and statutes, depositing public funds, securing deposits, investment policies, cash controls and reporting, and cash flow foreca
https://www.osc.ny.gov/files/local-government/academy/pdf/investing-and-protecting-public-funds-01-18-23.pdf