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Mandatory Service Credit Purchase Payments – Enhanced Reporting
… are usually incurred for service after a member’s date of membership for which no (or insufficient) contributions … deduction amount. The page also provides their remaining balance once there are six or fewer outstanding payments …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-service-credit-purchase-paymentsProcurement and Payroll-Related Matters Pertaining to the Use of Certain Federal Funds
… Purpose To determine whether the New York City Transit Authority (Transit) used the American … sitting idly, and determined they received a full day's pay for not working. Key Recommendations Monitor project …
https://www.osc.ny.gov/state-agencies/audits/2014/06/18/procurement-and-payroll-related-matters-pertaining-use-certain-federal-fundsCity of Troy – Budget Review (B21-5-10)
… revenue and expenditure projections in the City’s proposed budget for the 2021 fiscal year are reasonable. … for the years ending December 31, 1993, 1994 and 1995. New York State Local Finance Law requires all municipalities that …
https://www.osc.ny.gov/local-government/audits/city/2021/11/04/city-troy-budget-review-b21-5-10City of Long Beach – Budget Review (B21-7-6)
… 2012. Local Finance Law requires all municipalities that have been authorized to issue obligations to fund operating …
https://www.osc.ny.gov/local-government/audits/city/2021/05/12/city-long-beach-budget-review-b21-7-6DiNapoli Releases Executive Budget Report
… of New York (SUNY) and 10,000 non-SUNY State employees, at a projected cost of approximately $48.8 million per year …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-reportDiNapoli Announces Latest Fiscal Stress Scores With Analysis of 10 Years of Fiscal Monitoring System Data
… highlighting lessons learned over the past decade. An online interactive visualization released with the report … Monitoring System Municipalities: Fiscal Year 2022 Results Online Interactive Visualization Fiscal Stress Monitoring System 10 Year Statistics Online Search Fiscal Stress Monitoring System … A total of 14 …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-announces-latest-fiscal-stress-scores-analysis-10-years-fiscal-monitoring-system-dataReview of the Financial Plan of the City of New York, August 2022
The City’s adopted budget for Fiscal Year (FY) 2023 reflects the countervailing forces of extraordinary efforts by the federal government to boost the economy over the last two years and an economic slowdown due to unanticipated factors, including supply chain issues.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-6-2023.pdfDiNapoli Releases July State Cash Report
… according to the July cash report released today by New York State Comptroller Thomas P. DiNapoli. "Recurring tax … due to Medicaid payments and the timing of the state’s pension contribution. General Fund receipts (including …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-releases-july-state-cash-reportReview of the Financial Plan of the City of New York
While the FY 2024 budget remains balanced, the city-stated budget gap in FY 2025 is $7.1 billion, the highest level on record and the highest share of city-funded revenue since FY 2011, suggesting significant budgetary pressure to manage.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-16-2024.pdfNewburgh Fire Chief Charged in White Plains Federal Court with Fraudulently Obtaining Retirement Benefits
… indictment of MICHAEL J. VATTER, the Chief of the Newburgh Fire Department, charging him with fraudulently obtaining … should be treated as an allegation. unsealed today in White Plains federal court: VATTER served in the Newburgh Fire …
https://www.osc.ny.gov/press/releases/2016/01/newburgh-fire-chief-charged-white-plains-federal-court-fraudulently-obtaining-retirement-benefitsDiNapoli: NYC Retail Sector Battered by Pandemic
… The retail sector, one of New York City’s biggest employers, is having an uneven recovery from the …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-retail-sector-battered-pandemicComptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … , Town of Willing and the Town of Wright . “In today’s fiscal climate, budget transparency and accountability for … The board did not properly manage the town’s general fund balance from 2011 through 2014. As a result, the board …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-municipal-audits-1DiNapoli Audit Finds Lax Oversight of Medicaid Payments May Have Cost Taxpayers Nearly $300 Million
… Medicaid pays medical bills that a third-party insurer should have covered, and not enough is being done to make … the nearly $300 million in questionable payments. DOH should recoup any overpayments and take steps to better … program is billed. To address instances where a TPHI should have paid instead of Medicaid, the DOH—in partnership …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-audit-finds-lax-oversight-medicaid-payments-may-have-cost-taxpayers-nearly-300-millionState Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … required annual financial reports to the State Comptroller’s Office. Town of North Elba – Cash Collections (Essex … addition, the board maintained unreasonable levels of fund balance in these funds that ranged between 29 percent and 128 …
https://www.osc.ny.gov/press/releases/2020/06/state-comptroller-dinapoli-releases-municipal-auditsState Comptroller DiNapoli Releases School Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … the South Jefferson Central School District . "In today's fiscal climate, budget transparency and accountability for … County) As of June 30, 2016, unrestricted fund balance totaled $2.6 million and was 15 percent of 2016-17 …
https://www.osc.ny.gov/press/releases/2017/06/state-comptroller-dinapoli-releases-school-auditsMexico Academy Central School District –Financial Management (2016M-219)
… if District officials effectively managed the District’s finances for the period July 1, 2014 through April 5, 2016. … District is located in the Towns of Hastings, Mexico, New Haven, Palermo, Parish, Richland, Scriba and Volney, … fiscal year, the selected reserves and unassigned fund balance will be depleted if projected expenditure growth is …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/09/mexico-academy-central-school-district-financial-management-2016m-219Overpayments of Certain Medicare Crossover Claims (Follow-Up)
… Purpose To determine the extent of implementation of the five recommendations made in our … Overpayments of Certain Medicare Crossover Claims (2011-S-28). Background Many Medicaid recipients are also enrolled … Medicaid then typically pays for any remaining balance not covered by Medicare, including deductibles and …
https://www.osc.ny.gov/state-agencies/audits/2014/12/22/overpayments-certain-medicare-crossover-claims-followEconomic and Demographic Trends – 2021 Financial Condition Report
… percent compared to the decline nationally of 6.1 percent. New York ranked second among the states for job losses in 2020; … highest with a decline of over 1.25 million. The State’s unemployment rate climbed to a high of 16.2 percent in …
https://www.osc.ny.gov/reports/finance/2021-fcr/economic-and-demographic-trendsHigher Education – 2022 Financial Condition Report
… Enrollment In academic year (AY) 2021-22, New York State public and private higher education institutions … per capita. According to the Federal Reserve, the average balance for student loan borrowers in the State grew by 16.8 …
https://www.osc.ny.gov/reports/finance/2022-fcr/higher-educationState Comptroller DiNapoli Releases School District Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … realistic budgets or maintain reasonable levels of fund balance. However, reserves were generally funded at reasonable levels and within legal limits. The district’s fund balance over the past five years grew to $97.9 …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-audits