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III.2 SFS Policies – III. Statewide Financial System (SFS)
… The Constitution of the State of New York Article 5 Section 1 states that “The State … all official accounts; To audit the accrual and collection of all revenues and receipts; and To prescribe such methods …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii2-sfs-policiesDiNapoli: Son Left Father’s Body in Morgue to Steal His Pension and Social Security Payments
… Thomas P. DiNapoli announced the pending sentencing of a Queens man for concealing his father’s death so he could … funds.” “My office is committed to investigating this type of fraud against the Social Security system,” said Special Agent in Charge Edward J. Ryan, Office of the Inspector General, Social Security …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-son-left-fathers-body-morgue-steal-his-pension-and-social-security-paymentsDiNapoli: 2020-21 Tax Revenues $3 Billion Over Projections
… the Amended Executive Budget Financial Plan in February (latest projections), and $6.8 billion higher than forecast in … $1.3 billion or 2.4 percent. PIT collections exceeded the latest projections by $1.9 billion and initial projections by … percent. Collections were $116.4 million higher than the latest projections and $643.4 higher than initial …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-2020-21-tax-revenues-3-billion-over-projectionsDiNapoli: 23 School Districts Designated in Fiscal Stress
… Twenty-three school districts statewide were designated in some level of … P. DiNapoli’s Fiscal Stress Monitoring System for the school year (SY) ending on June 30, 2021, down from 31 school …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-23-school-districts-designated-fiscal-stressNYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the … Fund is the third largest public pension fund in the United States. The Fund holds and invests the assets of the …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsNYS Comptroller DiNapoli: Beware Text Message Scam Targeting Retirees
… retirees not to be fooled if they received text messages or other communications that purport to come from the state’s retirement fund and the Office of the State Comptroller, asking for a payment … are phony messages from scammers trying to steal your money,” DiNapoli said. “The fund has not, and does not, send …
https://www.osc.ny.gov/press/releases/2021/05/nys-comptroller-dinapoli-beware-text-message-scam-targeting-retireesOpinion 95-17
… by the town. You indicate that the town owns a supply of sand that is in excess of its own needs for the foreseeable future. The town initially acquired this sand as a gift (see 1975 Opns St Comp No. 75-941, … established, the cost of improvements in the district, as well as the costs of operation and maintenance, must, to the …
https://www.osc.ny.gov/legal-opinions/opinion-95-17Opinion 95-15
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer represent … to charge public library with proportionate share of tax refund) REAL PROPERTY TAXES AND ASSESSMENTS -- Refunds and … to charge public library with proportionate share of tax refund) SCHOOL DISTRICTS -- Library appropriation (authority …
https://www.osc.ny.gov/legal-opinions/opinion-95-15Opinion 91-31
… we have concluded that this authorization is sufficiently broad to encompass costs and expenses incurred in the … rabies for the purpose of suppressing the disease (11 Opns St Comp, 1955, p 250; 2 Opns St Comp, 1946, p 133; 1 Opns St Comp, 1945, p 189). Claims …
https://www.osc.ny.gov/legal-opinions/opinion-91-31DiNapoli: Former Riverside Treasurer Embezzles $80K
… Thomas P. DiNapoli. The former treasurer – Kristina Johnson – was arrested in November by New York State Police … for her actions.” From August 2008 through February 2013, Johnson made $40,846 in extra payroll distributions and … collections from village hall rentals and landfill fees. Johnson also used the village credit card to make $5,000 in …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-former-riverside-treasurer-embezzles-80kDiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… OMH and the New York City Department of Health and Mental Hygiene (DOHMH) to individuals who have a serious mental …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-providerDiNapoli: State Budget Boosts Education Aid and Enacts Paid Family Leave but Falls Short on Ethics Reform and Transparency
… such as the State and Municipal Facilities Program (SAM). This year’s budget adds $385 million in appropriation …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-state-budget-boosts-education-aid-and-enacts-paid-family-leave-falls-short-ethics-reform-andII.2 New York State Accounting Policies – II. New York State Financial Accounting
… The Constitution of the State of New York, Article V – The State Comptroller shall be required: …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii2-new-york-state-accounting-policiesDiNapoli Urges New Yorkers To Spend Holiday Gift Cards
… be turned over by retailers to the Comptroller’s Office of Unclaimed Funds (OUF). In 2024, the office recovered over $21 … OUF. OUF will begin returning some money more quickly in 2025 due to legislation just signed into law. Certain newly …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-urges-new-yorkers-spend-holiday-gift-cardsNew York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is committed to … remained several points above its April level. Small Businesses in New York Hit Especially Hard by COVID-19 Forty-five percent of small businesses in New York State have experienced a large …
https://www.osc.ny.gov/reports/covid-19-september-2-2020DiNapoli: Local Sales Tax Collections Up 3.8% in August
… must keep in mind sales tax revenues can be volatile and budget cautiously.” In August: New York City’s … cities by the state Department of Taxation and Finance. The amounts are based on estimates of what each …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-local-sales-tax-collections-3-point-8-percent-augustState Agencies Bulletin No. 2322
… inform agencies of OSC’s automatic processing of the April 2025 increases to Location Pay and Location Mid-Hudson pay, Facility Security …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2322-april-2025-increases-location-pay-and-location-mid-hudson-pay-facilityState Agencies Bulletin No. 2323
… inform agencies of OSC’s automatic processing of the April 2025 increases to Location Pay and Location Mid-Hudson pay, Command Pay, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2323-april-2025-increases-location-pay-and-location-mid-hudson-pay-commandDiNapoli Report Highlights MTA's Significant Needs
… be awarded contracts for modernization this year. Subway cars are aging and increasingly prone to break downs. The … in 2022, up from 20 years in 2013. Replacing the oldest cars, which are over 40 years old and break down at nearly … to 2025. It is concerning that some of the replacement cars have arrived with equipment problems. Overall, MTA needs …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-report-highlights-mtas-significant-needsAs Racial Homeownership Disparities Persist, State's Mortgage Agency Increases Lending to Minority and Low-Income Borrowers
… communities, increasing its share of loans provided to low-income and minority borrowers over the last 10 years. … home ownership more affordable for New Yorkers. It offers low-interest mortgage programs, down payment assistance … 2023. The number of mortgages SONYMA provides annually to low- and moderate-income households fluctuates, but has …
https://www.osc.ny.gov/press/releases/2025/06/racial-homeownership-disparities-persist-states-mortgage-agency-increases-lending-minority-and-low