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Opinion 93-9
… member of association to receive benefits); (use of money for scholarship program) INSURANCE LAW, §§9104, 9105: The … moneys, or any interest earned thereon, to provide college scholarships to disabled or indigent volunteer firefighters … The scholarships must be available to all firefighters for whose benefit the Association was established, without …
https://www.osc.ny.gov/legal-opinions/opinion-93-9II.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
The basic financial statements consist of statements comprised of both governmentwide and fund financial statements and notes to the financial statements
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
… projections. At the same time, the use of some settlement resources for ongoing spending and to boost the state’s … from 22 entities. The planned use of these settlement resources has evolved over time. The SFY 2015-16 Enacted … Budget Financial Plan indicated that monetary settlement resources would be used to fund one-time purposes, with a …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-tax-collections-down-13-billion-first-half-fiscal-yearEffectiveness of the Information Technology Transformation
… by each agency. The audit covers the period January 22, 2015 to March 30, 2016. Background The Office of Information … (Commission). The Commission’s Final Report was issued in February 2013 and contained three main sections: Reorganizing … annual savings of approximately $290 million as a result of three major initiatives: Organizational …
https://www.osc.ny.gov/state-agencies/audits/2016/08/24/effectiveness-information-technology-transformationDiNapoli: Debt Adding to MTA's Financial Pressures With Riders and Fare Revenue Slow to Return
… MTA’s debt . If riders do not return faster than the MTA projects, or if new sources of revenue are not found, rising … greater than planned fare hikes, or delays to capital projects, the report concludes. “The MTA’s finances are … the can down the road. Its plans to issue debt to pay for operating costs and put off paying down its debt for capital …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-debt-adding-mtas-financial-pressures-riders-and-fare-revenue-slow-returnDiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… Total revenue for New York City’s budget is expected to drop by 9.4% to $101.1 billion in Fiscal Year (FY) 2023 amid lower tax revenue and a decline in federal aid. The city also faces sustained challenges from a possible recession, … Total revenue for New York Citys budget is expected to drop by 94 to $1011 billion in Fiscal Year FY 2023 amid …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeNY's Balance of Payments With Washington Remains Positive for Now, but Federal Actions Could Drastically Change State's Financial Picture
… funds resulted in New York having a positive balance of payments with Washington, with the state ranking 42 nd in federal fiscal year (FFY) 2023 on a … funds resulted in New York having a positive balance of payments with Washington with the state ranking 42nd in …
https://www.osc.ny.gov/press/releases/2025/04/nys-balance-payments-washington-remains-positive-now-federal-actions-could-drastically-change-statesHousing 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.pdfOpinion 96-4
… LOCAL LAWS -- Municipal Funds (disposition of proceeds of sale of property); (establishment of general reserve fund); … of proceeds of sale of village property to third party for benefit of village) MUNICIPAL FUNDS -- Budget Procedures … of proceeds of sale of village property to third party for benefit of village) REAL PROPERTY -- Sale (payment of …
https://www.osc.ny.gov/legal-opinions/opinion-96-4DiNapoli Releases Economic Report on the Bronx
… The COVID-19 pandemic hit the Bronx harder than any other borough by several measures, … according to an economic analysis released today by New York State Comptroller Thomas P. DiNapoli. As DiNapoli’s … report details, prior to the start of the pandemic, the Bronx was on an upward trajectory, with steady economic and …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-releases-economic-report-bronxResources and Responsibilities: New York State’s Environmental Funding
… created the Department of Environmental Conservation (DEC) to ensure protection of our natural resources for … the quality of our environment for all New Yorkers. As DEC now enters its second half-century, its mission is … assure clean drinking water are just some of the new tasks DEC has been assigned in the last few years, adding to an …
https://www.osc.ny.gov/reports/resources-and-responsibilities-new-york-states-environmental-fundingAccounting 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.pdfState Fiscal Year 2022-23 Enacted Budget Analysis
… 3,689.2 Gateway Program – 2,350.0 2,350.0 Dedicated Highway & Bridge Trust 18,150.0 19,776.9 1,626.9 Health Care … Projects 7,130.0 8,171.1 1,041.1 Consolidated Highway Improvement Program (CHIPS) 12,260.5 13,053.9 793.4 …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisDiNapoli: Buffalo's Financial Condition Improves
… The city of Buffalo’s finances have stabilized in recent years … and increased economic development are responsible for the city emerging from years under a financial control board. The leadership of Mayor Brown, city officials and members of the oversight board has been …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-buffalos-financial-condition-improvesDiNapoli: Technology Changing How Local Governments Serve Residents
… Thomas P. DiNapoli. DiNapoli released his report, “Smart Solutions Across the State: Advanced Technology in Local Governments,” at a press conference in the City of Schenectady with Mayor Gary R. McCarthy, Assemblyman Angelo Santabarbara and National Grid Eastern New York Regional Executive Laurie …
https://www.osc.ny.gov/press/releases/2019/09/dinapoli-technology-changing-how-local-governments-serve-residentsOpinion 91-51
… Systems v O'Rourke , 134 Misc 2d 45, 509 NYS2d 988, 994, mod on other grounds 131 AD2d 650, 516 NYS2d 903, mod on other grounds 129 AD2d 76, 516 NYS2d 940). You have …
https://www.osc.ny.gov/legal-opinions/opinion-91-51DiNapoli: MTA Faces Worst Financial Crisis in History
… viable options without federal funding to avoid cuts in service and staff, additional fare hikes and long-lasting … desperately needs an influx of federal funds or unheard of service cuts and workforce reductions will happen. Failure to … it may have to reduce costs by cutting subway and bus service by 40 percent and commuter railroad service by 50 …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-mta-faces-worst-financial-crisis-historyMitigation for Extreme Weather Conditions and Flooding (Follow-Up)
… in Brooklyn, and to Hunterspoint Avenue in Queens. The MTA 2025–29 Capital Plan has a budget of $68.4 billion, with $6 … and updated each year with input from each department. In November 2025, the document was renamed Winter Storm … procedures for winter, which are in effect annually from November 15 through April 1. The LIRR also had a Hurricane …
https://www.osc.ny.gov/state-agencies/audits/2026/06/03/mitigation-extreme-weather-conditions-and-flooding-followInvesting 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.pdfOpinion 90-54
Concerning the procedures for the equitable distribution of retirement benefits payable from the New York State and Local Retirement Systems
https://www.osc.ny.gov/legal-opinions/opinion-90-54