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DiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program
… serves entrepreneurs who transform industries and build great companies. As active, long-term partners to our … martech, fintech, healthcare IT, consumer tech, AI & machine learning, digital media, cloud computing and mobile …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-programNYS Common Retirement Fund Reports First Quarter Results
… ranked the Fund one of the best funded in the nation. Only eight states had a funded ratio of 90 percent or higher …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsControls Over Selected Expenditures
… Purpose To determine if the Office of Victim Services' (OVS) internal controls ensure that … are made only to eligible victims and for eligible victim services. The audit covers the period January 1, 2016 … To determine if the Office of Victim Services internal controls ensure that expenditures …
https://www.osc.ny.gov/state-agencies/audits/2018/09/04/controls-over-selected-expendituresDiNapoli: Former Wallkill Fire District Chair Sentence in $240,000 Theft
… Michael Denardo was sentenced today in Ulster County Court for stealing nearly $240,000 from the district, State … checks and balances. I thank District Attorney Carnright for bringing Mr. Denardo to justice and helping us recoup the … to the district. "I thank the Comptroller and his staff for their diligent work on this case," District Attorney …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-former-wallkill-fire-district-chair-sentence-240000-theftOpinion 88-3
… AND PENALTIES -- Distribution by State Comptroller (fines for violations of Workers' Compensation Law) WORKERS' … to the Chairman of the Workers' Compensation Board for payment into the Uninsured Employers' Fund. Accordingly, … of the Workers' Compensation Board. The WCL provides for a different disposition for civil penalties imposed under …
https://www.osc.ny.gov/legal-opinions/opinion-88-3Medicaid Overpayments for Certain Medicare Part C Claims (Follow-Up)
… in our initial audit report, Medicaid Overpayments for Certain Medicare Part C Claims (Report 2013-S-35). … enrolled in Medicare, the federal health insurance program for the elderly and disabled. Under Medicare Part C, also … administer Medicare benefits. Medicare pays a fixed amount for each Medicare Part C beneficiary every month to companies …
https://www.osc.ny.gov/state-agencies/audits/2016/12/08/medicaid-overpayments-certain-medicare-part-c-claims-followTuition Assistance Program – DeVry College
… Purpose To determine whether DeVry College of New York complied with the Education Law and the … States. In New York, DeVry University operates as DeVry College of New York (DeVry) offering several programs leading … Tuition Assistance Program - LaGuardia Community College (2013-T-4) Tuition Assistance Program - Pratt …
https://www.osc.ny.gov/state-agencies/audits/2015/04/06/tuition-assistance-program-devry-collegeDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… Metropolitan Transportation Authority (MTA) adjusts to the loss of $15 billion in congestion pricing revenue and decides … from the current $55.4 billion capital plan to meet the loss of congestion pricing revenue, inclusive of $2 billion … rating by breaching its 20% debt service threshold. The loss of congestion pricing revenue means the MTA’s current …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingCapital One Bank Accounts
… Purpose To determine the purpose of 15 unauthorized bank accounts established by the Metropolitan Transportation Authority (MTA) at Capital One Bank and to assess the appropriateness of financial … To determine the purpose of 15 unauthorized bank accounts established by the Metropolitan Transportation …
https://www.osc.ny.gov/state-agencies/audits/2014/01/27/capital-one-bank-accountsPurchasing and Procurement Practices (Follow-Up)
… Objective To assess the extent of implementation of the eight recommendations included in our initial audit … and Procurement Practices (Report 2020-S-67 ). About the Program The New York Racing Association, Inc. (NYRA) is a … To assess the extent of implementation of the eight recommendations …
https://www.osc.ny.gov/state-agencies/audits/2024/01/18/purchasing-and-procurement-practices-followDiNapoli: NYS Pension Fund Commits $50 Million to NY Small Business Investment Fund
… committed $50 million to a private equity fund managed by Hamilton Lane aimed at supporting small businesses across New … Investment Company (SBIC) Fund II L.P., managed by Hamilton Lane. The SBIC Fund II has approximately $150 … II was launched in 2022 and is built upon the success of Hamilton Lane’s first SBIC offering, the New York SBIC Fund …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-nys-pension-fund-commits-50-million-ny-small-business-investment-fundImproper Payments for Services Related to Ordering, Prescribing, Referring, or Attending Providers No Longer Participating in the Medicaid Program (Follow-Up)
To assess the extent of implementation of the six recommendations included in our initial audit report Improper Payments for Services Related to Ordering Prescribing Referring or Attending Providers No Longer Participating in the Medicaid Program Report 2019S72
https://www.osc.ny.gov/state-agencies/audits/2024/01/03/improper-payments-services-related-ordering-prescribing-referring-or-attending-providers-noXI.7.C Deferred Payment Arrangements – XI. Procurement and Contract Management
… administrative costs and should therefore be used only when needed. A State agency should enter into a DPA with …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi7c-deferred-payment-arrangementsWhat Not to Report – Legacy Reporting
NYSLRS employers report information about employees through Retirement Online including their earnings the number of days they worked and more
https://www.osc.ny.gov/retirement/employers/legacy-reporting/what-not-reportDiNapoli: Drastic State Revenue Shortfall in April
… declines occurred for New York in April as a result of the COVID-19 pandemic and the three month extension of the state income tax filing deadline. All governmental … order to maintain budget balance. The budget is deemed out of balance if actual tax receipts are less than 99 percent of …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilOpinion 2003-2
… opinion. FIRE DISTRICTS -- Joint District (authority to form in coterminous town/village) MUNICIPAL COOPERATION -- … board and the village board of trustees shall hold a joint meeting at one location within the proposed joint fire … on to provide, in relevant part, that: If at such joint meeting it is determined by a majority vote of each board to …
https://www.osc.ny.gov/legal-opinions/opinion-2003-2State Agencies Bulletin No. 1283
To inform agencies of OSCs automatic processing and to provide agency instructions for payments not processed automatically
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1283-2013-uniform-cleaning-and-maintenance-allowance-payment-and-clothingState Agencies Bulletin No. 1210
… also eligible for a Clothing Allowance Payment of $400. Park Police Officer Sergeant Park Police Lieutenant Park Police Captain Park Police … tax data record, the additional tax will be deducted from both the regular paycheck and the separate paycheck. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1210-2012-uniform-cleaning-and-maintenance-allowance-payment-and-clothingReview of the Financial Plan of the City of New York, August 2023
While May marked the end of the public health emergency in the United States, New York City continues to face the residual effects of the pandemic and the many unanticipated consequences on its finances, operations and economy.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-6-2024.pdfWilliamsburg Infant & Early Childhood Development Center, Inc. – Compliance With the Reimbursable Cost Manual (2021-S-22)
To determine whether the costs reported by Williamsburg Infant & Early Childhood Development Center, Inc. on its Consolidated Fiscal Reports (CFRs) were reasonable, necessary, directly related to the special education program, and sufficiently documented pursuant to the State ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s22.pdf