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DiNapoli: Wall Street Bonuses Edge Up in 2014
… The average bonus paid in New York City's security industry rose by 2 percent to $172,860 in 2014, according to an estimate released today by New York … Even though the industry was slightly less profitable in 2014, it added 2,300 jobs in New York City , the first …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-wall-street-bonuses-edge-2014DiNapoli Identifies Problems With Low-Cost Power Program
… retained under the ReCharge NY program by nearly 30,000 in public reporting. Auditors were also critical of NYPA’s … this information to taxpayers. NYPA has already acted on some of the auditors’ recommendations, but needs to do … operations every five years. The last audit was released in 2011. In the audit released today, auditors examined …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-identifies-problems-low-cost-power-programState Pension Fund Adds $30 Million for Investments in New York Companies
… Partners. "This new commitment to Primary Venture Partners for state-based investments will help grow the pension fund … to seeking out profitable investment opportunities for the Retirement System’s members, retirees and … pension fund made previous commitments to the firm in 2010 for $15 million and in 2003 for $27 million through the …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesIII.9 Provisions for 15 Day Prompt Payment Interest Eligibility – III. Statewide Financial System (SFS)
… of prompt payment interest to certain small businesses on invoices not paid within 15 days. This interest is payable … the small business submits its invoice electronically, in conformance with the policies and procedures of the … expedited payment will meet the provisions of SFL 179-f. In order to facilitate an expeditious payment process, small …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii9-provisions-15-day-prompt-payment-interest-eligibilityMedicaid Program – Cost of Pharmacy Services Under Managed Care
… Objective To determine whether the Department of Health (Department) obtained Medicaid pharmacy services … care organizations (MCOs), which arrange for the provision of pharmacy services for Medicaid recipients and payments to … Under FFS Medicaid, the Department has taken a number of actions to help ensure pharmacy services are provided in …
https://www.osc.ny.gov/state-agencies/audits/2020/09/17/medicaid-program-cost-pharmacy-services-under-managed-careDiNapoli: Local Sales Tax Collections Down for Third Quarter 2020
… Sales tax revenue for local governments in New York state dropped 9.5 percent in the third quarter compared to the same period last year, … The federal government must come up with a plan on how it is going to provide financial help to local …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-local-sales-tax-collections-down-third-quarter-2020DiNapoli: Statewide Local Sales Tax Collections Declined 10 Percent in 2020
… sales tax collections declined by 10 percent overall in 2020, or $1.8 billion, compared to the previous year, … when local sales tax collections fell 6 percent statewide in 2009 compared to 2008. New York City’s sales tax … which includes major online-only retailers, such as Amazon. Recent amendments to the tax law also reduced the …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-statewide-local-sales-tax-collections-declined-10-percent-2020Opinion 91-42
… or statutory amendments that bear on the issues discussed in the opinion. FIRE DEPARTMENT -- Villages (authority to … 91-12, p 32). Therefore, they are not required to be held in the custody of the village treasurer pursuant to Village … Law, §119-n). As to the village's home rule power in this instance, we note that villages are authorized to …
https://www.osc.ny.gov/legal-opinions/opinion-91-42Opinion 90-4
… -- Powers and Duties (imposition of benefit assessments for drainage) LOCAL FINANCE LAW, §11.00(a)(3); VILLAGE LAW, … serves as a significant portion of a drainage basin for a large portion of the village. You also indicate that … you state that the pond has become a breeding place for insects and other wildlife and the silt has created an …
https://www.osc.ny.gov/legal-opinions/opinion-90-4Opinion 94-14
… This opinion represents the views of the Office of the State Comptroller at the time it was … if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … LAW, §854(4): General Municipal Law, §854(4), as amended by the Laws of 1993, chapter 356, prohibits industrial …
https://www.osc.ny.gov/legal-opinions/opinion-94-14Opinion 93-7
… law adopted prior to September 1, 1953, all contracts for public work of a political subdivision or district … the lowest responsible bidder after public advertisement for sealed bids in the manner prescribed in that section. In … services which fall within this exception involve the application of specialized expertise, the use of professional …
https://www.osc.ny.gov/legal-opinions/opinion-93-7Unified Court System Bulletin No. UCS-339
… regarding withholding taxes may be directed to the Tax and Compliance mailbox. … The purpose of this bulletin is to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-339-april-2024-unified-court-system-ucs-judicial-longevity-paymentTown of Keene – Records and Reports (2024M-27)
… and certain revenues and expenditures were not reported in the annual financial report (AFR). Of the 20 journal … were not supported, eight (40 percent) were not recorded in a timely manner and no one independently reviewed and … take corrective action. Appendix B includes our comments on issues raised in the Town’s response letter. … Determine …
https://www.osc.ny.gov/local-government/audits/town/2024/06/14/town-keene-records-and-reports-2024m-27DiNapoli Announces More Climate Actions; NYS Pension Fund Launches Evaluation of Shale Oil and Gas Companies
… The New York State Common Retirement Fund (Fund) is evaluating 42 … are prepared for the transition to a low-carbon economy, New York State Comptroller Thomas P. DiNapoli, trustee of the … adopting, or implementing low-carbon transition strategies. Restricted Investments DiNapoli also announced …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-more-climate-actions-nys-pension-fund-launches-evaluation-shale-oil-and-gasApplication Review and Site Permitting for Major Renewable Energy Projects
To determine whether the Office of Renewable Energy Siting is fulfilling its obligations under State law to issue siting permits for major renewable energy projects within the required time frames
https://www.osc.ny.gov/state-agencies/audits/2024/04/24/application-review-and-site-permitting-major-renewable-energy-projectsVillage of Lake George – Records and Reports (2024M-82)
… George (Village) Treasurer maintained complete, accurate and timely records and reports to allow the Village Board (Board) to effectively … financial operations. Key Findings The Treasurer and former Board-appointed Secretary to the Mayor (Secretary) …
https://www.osc.ny.gov/local-government/audits/village/2024/09/13/village-lake-george-records-and-reports-2024m-82Town of Wells – Records and Reports (2024M-59)
… financial operations. All nine balance sheet accounts for 2022 and six accounts (67 percent) for 2023 were not accurate. Two accounts were overstated by a … not agree with general ledger cash balances at month-end for 18 of the 40 (45 percent) bank reconciliations we …
https://www.osc.ny.gov/local-government/audits/town/2024/08/23/town-wells-records-and-reports-2024m-59DiNapoli: Local Sales Tax Collections Up 2.3% in October
… Local sales tax collections in New York state increased by 2.3% in October compared to the same month in 2023, … York City’s collections totaled $842 million, an increase of 4.1%, or $33 million, compared to the same time last year. County and city collections in the rest of the state totaled $884 million, an increase of 0.4%. Over …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-local-sales-tax-collections-23-octoberOversight of Smart Schools Bond Act Funds
… Review Board, districts may begin to submit requests for reimbursement of expenses related to purchases or projects in … or items, and complied with the other requirements for reimbursement. The ten districts we sampled utilized Act … documentation to support district expenditures prior to reimbursement. Evaluate opportunities to streamline the …
https://www.osc.ny.gov/state-agencies/audits/2020/06/10/oversight-smart-schools-bond-act-fundsOversight of Kendra’s Law
… treatment. Our audit covered the period from April 2019 to September 2023. About the Program On August 9, 1999, … (62%) of the petitions granted. At any given time between 2019 and 2023, there have been an estimated 3,200 to 3,500 … events – during the 19-month period between October 2019 and May 2021. However, these events were unreported and, …
https://www.osc.ny.gov/state-agencies/audits/2024/02/08/oversight-kendras-law