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XVI.1 Financial Reporting Overview – XVI. Financial Reporting
… financial reports for the public and the Legislature in accordance with generally accepted accounting principles … updated as needed to reflect such additions or revisions in GAAP, as well as to reflect changes in State law, administrative or judicial actions and other …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi1-financial-reporting-overviewDiNapoli: Problems Plague State's Rent Relief Program; Federal Funds To Help Renters at Risk
… the Office of Temporary and Disability Assistance (OTDA) in implementing the state’s Emergency Rental Assistance … The state’s initial rollout of the program resulted in only a small portion of the much-needed funds being … low-income and minority New Yorkers, particularly those in New York City. DiNapoli’s report details OTDA’s struggles …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-problems-plague-states-rent-relief-program-federal-funds-help-renters-riskTown of Otselic – Records and Reports and Conflict of Interest (2021M-36)
… that Town officials did not have prohibited interests in Town contracts. Key Findings The Supervisor did not … totaling $199,000 and fund transfers totaling $874 in the accounting records. She recorded one deposit for … remained unfiled. A Board member had a prohibited interest in the contracts between the Town and his auto parts …
https://www.osc.ny.gov/local-government/audits/town/2021/07/16/town-otselic-records-and-reports-and-conflict-interest-2021m-36Improper Payments for Sexual and Erectile Dysfunction Drugs, Procedures, and Supplies Provided to Medicaid Recipients, Including Sex Offenders (Follow-Up)
… The Department of Health (Department) administers the State’s Medicaid program. Federal and State laws prohibit Medicaid payment of drugs for the … treatment is for that other use. In addition to drugs, State law prohibits Medicaid payment for procedures and …
https://www.osc.ny.gov/state-agencies/audits/2021/02/08/improper-payments-sexual-and-erectile-dysfunction-drugs-procedures-and-supplies-providedDiNapoli: Wallkill Fire District Board Chair Charged with Stealing $240,000
… was charged this morning with stealing nearly $240,000 in a scam that spanned three years, State Comptroller Thomas … cashed for personal use. He was arraigned this morning in Shawangunk Town Court. “This fire district literally gave … district needed was checks and balances, not blind faith in Mr. Denardo. Thanks to the hard work of my office and …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-wallkill-fire-district-board-chair-charged-stealing-240000Opinion 88-18
… or statutory amendments that bear on the issues discussed in the opinion. TAXES -- Mortgage Tax (distribution to newly … to be apportioned among the town and certain villages in the town for the period October 1, 1986 through March 31, 1987. The villages in question were incorporated in May of 1986. Enclosed with …
https://www.osc.ny.gov/legal-opinions/opinion-88-18DiNapoli Releases Annual IDA Report
… projects with a record high total value of $132 billion in 2022, an increase of $5 billion (3.9%), from 2021, … IDAs were responsible for 61.8% of all active IDA projects in 2022, followed by towns (17.7%), cities (12.7%), New York … jobs would be retained, with a median salary of $45,430. In addition, the projects are estimated to create 36,607 …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-annual-ida-reportDiNapoli Orders Divestment of Russia Holdings
… and continued his prohibition of any further investments in them. On March 1, following Russia’s invasion of Ukraine, … announced the Fund would freeze all new investments in Russian companies and review the Fund’s current holdings … investments there and restricting any further investments in Russian companies.” Securities covered by the restriction …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsXI.2.B Contract Numbering – XI. Procurement and Contract Management
… State agrees to give consideration other than payment of money. New York State Contract Identifiers Contracts created …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2b-contract-numberingDiNapoli: Former Beekman Tax Collector Pleads Guilty to Embezzling $86,000 for Personal Expenses
… Junction, pleaded guilty to stealing more than $86,000 in tax funds collected for the use of the town of Beekman and … William Grady and the State Police for their partnership in bringing this corruption to light and helping to combat … their own gain.” Colucci pleaded guilty to Grand Larceny in the 4 th Degree and Corrupting the Government in the 3 rd …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-former-beekman-tax-collector-pleads-guilty-embezzling-86000-personal-expensesReview of Advance Contract Payments
… performance to ensure they expended the advanced funds in accordance with the terms and conditions of the contracts. … monitoring to ensure contractors expended advanced funds in accordance with the terms and conditions of the contracts. … will help determine timely whether funds were expended in accordance with the terms and conditions of the contracts. …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsSales Tax Vendor Registration Practices
… tax vendors, including those with no physical presence in the State, have done so. The audit covered vendors with a … and imposed by localities and range from 3% to 4.875%, and in the Metropolitan Commuter Transportation District at … The use tax is imposed on taxable items or services used in New York when a sales tax has not been paid. Under the …
https://www.osc.ny.gov/state-agencies/audits/2021/10/14/sales-tax-vendor-registration-practicesCorrupt Orange County IDA Officials Ordered to Repay Over $1 Million
… Industrial Development Agency (IDA), who pleaded guilty in June to corruption charges, including hiding self-dealing … interest, were sentenced today to pay more than $1 million in restitution. Comptroller DiNapoli and D.A. Hoovler today … Villasuso and Diana betrayed their duty to the public in order to enrich themselves through a web of conflicts of …
https://www.osc.ny.gov/press/releases/2021/09/corrupt-orange-county-ida-officials-ordered-repay-over-1-millionState Comptroller DiNapoli Statement on New York City Financial Plan
… is uncertain, with employment growth and improvement in the commercial real estate market expected to slow from … plan , notwithstanding recent volatility. As I noted in August, market returns in FY 2021 enabled record pension gains which will be used to …
https://www.osc.ny.gov/press/releases/2021/11/state-comptroller-dinapoli-statement-new-york-city-financial-planState Comptroller Thomas P. DiNapoli Statement on New York City’s Preliminary Budget
… of the pandemic and the long road back to normal. Today, in releasing its preliminary 2022 budget, the city took … drop. We have not seen property tax collections decline in more than 20 years and never at these levels. … city’s largest and most stable resource, but weaknesses in the real estate market could impact this revenue for years …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-preliminary-budgetDiNapoli Appoints Senior Budget and Policy Staff
… comptroller and Todd Scheuermann as assistant comptroller in the Division of Budget and Policy Analysis. These … greatly enhance our existing efforts and will be critical in keeping the public informed of how the state is balancing … York’s budget and fiscal issues and has broad experience in leading policy and research development. She has written …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-appoints-senior-budget-and-policy-staffDiNapoli: Two Capital Region Residents Indicted for $1 Million Medicaid Transportation Fraud Scheme
… Mtui and Mbaga Kaiza, were indicted for their alleged role in a scheme to steal more than $1 million from Medicaid by … Our joint investigation will ensure justice is served in this case and I hope it is a warning to anyone who would … cooperation. The positive impact of which has resulted in a significant decrease in funding that fueled large scale …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-two-capital-region-residents-indicted-1-million-medicaid-transportation-fraud-schemeComptroller DiNapoli Releases Municipal Audits
… and a comprehensive audit of road infrastructure needs in nine towns. “In today’s fiscal climate, budget transparency and … was not adequately secured and was not always deposited in a timely manner and receipts for rent were not issued to …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-municipal-auditsMedicaid Program – Improper Overlapping Medicaid and Essential Plan Enrollments
… Medicaid and Essential Plan enrollments determined by NY State of Health were accurately reflected in eMedNY when … January 2016 through May 2022. About the Program The New York State Medicaid program, administered by the Department …
https://www.osc.ny.gov/state-agencies/audits/2022/10/11/medicaid-program-improper-overlapping-medicaid-and-essential-plan-enrollmentsSelected Aspects of the All-Agency Contractor Evaluation System at Long Island Rail Road, Metro-North Railroad, New York City Transit, and Triborough Bridge and Tunnel Authority
… contracts where the same contractor is party to a new contract (either alone or in a joint venture). Issues … a contractor being determined responsible to take on new contract work. Key Findings MTA did not properly handle … categorical assessment reveals significant issues with the vendor’s performance. Share performance issues found in the …
https://www.osc.ny.gov/state-agencies/audits/2022/11/16/selected-aspects-all-agency-contractor-evaluation-system-long-island-rail-road-metro-north