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DiNapoli: Town of Bennington Audit Leads to Arrest

… The clerk in the Wyoming County town of Bennington was arrested today … permits, fees and town tax collections but not deposited in the town’s bank accounts, according to New York State … back into town accounts using cash she claimed to have in her home and that was found in a filing cabinet in town …

New York City Economy Continues to Set Records

… jobs in 2018, the highest level ever recorded, according to a report released today by State Comptroller Thomas P. … in October 2009 at the height of the Great Recession to an annual rate of 4.1 percent in 2018, the lowest level … https://www.osc.state.ny.us/osdc/rpt1-2020.pdf Find out how your government money is spent at Open Book New York . …

DiNapoli Calls on Companies to Increase Board Diversity

… Advisor — seeking increased board diversity, inclusive of sex, race, ethnicity, age, gender identity and sexual … at a competitive disadvantage. And when companies fail to address shareholder concerns over lack of diversity they … directors. The letter called on the companies to explain how they would address investors’ concerns regarding their …

Medicaid Payments Made Pursuant to Medicare Part C (Follow-Up)

… to those who are economically disadvantaged and/or have special health care needs. Many of the State’s Medicaid … initial audit found the State’s Medicaid program did not have limitations on the amounts it paid for Part C … issuance of the follow-up report to provide information on any actions that are planned to address the unresolved issues …

Collection of Fines Related to Tenant Complaints (Follow-Up)

… the issuance of this report to provide information on any actions that are planned to address the unresolved issues …

DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels

… (63%) of industry employees were White, 20% were Asian American, 8% were Hispanic and 6% were African American. Immigrants (primarily from Asia and Europe) made up …

XVI.4 Accounting Policies and Principles Applicable to Agencies – XVI. Financial Reporting

IX.8.D Electronic Refund Payments to the U.S. HHS – IX. Federal Grants

… Adjustment Journal transactions crediting federal funds); Any other accounting adjustment that results in an increase … agency might consider an award closed, the award may not have been closed out by the awarding agency in the applicable … be paid to the federal government until the related funds have been posted in SFS. In the case of an audit …

DiNapoli Encourages New Yorkers to Save for College

… is encouraging New Yorkers who face college expenses to open a 529 College Savings account to start saving now to help with the costs of getting a … Plan disclosure booklet or go to: http://cdn.unite529.com/jcdn/files/NYD/pdfs/DisclosureBooklet.pdf For access to …

Comptroller Authority to Audit Local Development Corporations (LDCs)

… A.3047 (Magnarelli) / S.4827 (Marchione) – Relates to audits by the State Comptroller of certain organizations … other government entities. Memo Bill Text Status … Relates to audits by the State Comptroller of certain organizations …

DiNapoli Urges NYC to Shore Up Rainy-Day Fund

… of the unrestricted general fund reserves, including each account (e.g., an emergency and contingency reserve account, and a stabilization account to accumulate excess resources during periods of …

DiNapoli: MTA Budget Continues to Face Serious Risks

… The Metropolitan Transportation Authority is expected to devote one-fifth of total revenue to debt service by 2023 as it relies increasingly on borrowing to finance its capital needs, leaving a smaller share of …

DiNapoli: Molson Coors Agrees to Disclose Political Spending

… with the Chicago-based company. “For too long, investors have been left in the dark on the extent of the reach of … and expenditures (direct and indirect) to participate in any campaign for or against a candidate or to influence the … proposals on political spending and 45 companies have adopted or agreed to adopt such disclosure, including …

DiNapoli: State Tax Collections Continue to Exceed Projections

… improve its long-term fiscal stability and better prepare for future uncertainties. The state should use these revenues to bolster reserves or for pay-as-you-go funding for critical infrastructure projects. Cash report findings: …

I.3 Guide to Financial Operations Account Codes Procedure – I. OSC Guide to Financial Operations Overview

… accounting codes. This chapter provides useful information to assist users with document preparation and acts as a … in the Guide at all times. If agencies require updates to the SFS-related account codes, agencies must notify OSC. OSC will work with the SFS Program to ensure the proper updates are made. More information on …

I.2 Organization of the Guide to Financial Operations – I. OSC Guide to Financial Operations Overview

… The New York State Guide to Financial Operations is organized by chapters related to accounting process area. Each chapter contains sections … using the following approach: Overview: Introduction to the content contained within the chapter. Policies: …

Medicaid Payments to Medicare Advantage Plan Providers (Follow-Up)

… Medicare, the federal health insurance program for people age 65 and older and people under 65 who have certain …

Managed Care Organizations – Payments to Ineligible Providers (Follow-Up)

… related to the Medicaid or Medicare programs or who have engaged in other unacceptable insurance practices can be … issuance of the follow-up report to provide information on any actions that are planned to address the unresolved issues …

DiNapoli Calls for Reforms to State Fiscal Practices

… prepare for economic downturns. Credit rating agencies have raised concerns about New York’s low reserves compared … attempted to limit debt and debt service, its provisions have been bypassed on numerous occasions. Heavy borrowing …

DiNapoli Calls for Improvements to Capital Planning Process

… spending in the State Capital Plan as well as for a number of public authorities, and covers ten years instead of …