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DiNapoli: Wall St. First Half Profits Total $13 Billion, Down From 2022
… change quickly. Further declines could weaken New York’s tax revenue from the securities industry and have … profits to decline even more in the second half. As the Federal Reserve has tightened monetary policy to fight … more than the median of all employees at their firms. Tax Contributions DiNapoli’s office estimates Wall Street was …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-wall-st-first-half-profits-total-13-billion-down-2022Opinion 90-32
… shed in settlement of a proceeding against the town by the Department of Environmental Conservation [DEC] would … be required if the salt storage shed were to be financed by the issuance of bonds. Highway Law, §142(4) provides that … of machinery, tools, implements and equipment owned by the town, but that the total cost, without referendum, may …
https://www.osc.ny.gov/legal-opinions/opinion-90-32Compliance With Payment Card Industry Standards (Follow-Up)
… legal and compliance issues, facility management, and IT security, including credit card payment processing. All … credit cards as a method of payment must comply with the Data Security Standards (DSS) established by the Payment Card Industry (PCI) Security Standards Council. The PCI DSS is a …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-payment-card-industry-standards-followUncollected Penalties (Follow-Up)
… outstanding accounts routinely had no collection activity for two years or more and were often deemed uncollectible. …
https://www.osc.ny.gov/state-agencies/audits/2015/06/17/uncollected-penalties-followBayport-Blue Point Union Free School District – Fund Balance Management (2021M-116)
… in effect, a reservation of fund balance not provided for by statute, resulting in higher than necessary tax levies. …
https://www.osc.ny.gov/local-government/audits/school-district/2021/12/10/bayport-blue-point-union-free-school-district-fund-balance-managementWayne County Probation Department – Restitution Payments (S9-20-6)
… Recommendations Establish clear policies and procedures for enforcing and monitoring restitution obligations. Provide …
https://www.osc.ny.gov/local-government/audits/county/2021/12/14/wayne-county-probation-department-restitution-payments-s9-20-6Suffolk County Probation Department – Restitution Payments (S9-20-9)
… Recommendations Establish adequate policies and procedures for enforcing and monitoring restitution obligations. Provide …
https://www.osc.ny.gov/local-government/audits/county/2021/12/14/suffolk-county-probation-department-restitution-payments-s9-20-9Town of Urbana – Supervisor’s Financial Records and Reports (2022M-14)
… reports since January 2020 and the 15 submitted reports for 2018 and 2019 were inaccurate and untimely. Although an …
https://www.osc.ny.gov/local-government/audits/town/2022/05/13/town-urbana-supervisors-financial-records-and-reports-2022m-14Town of Patterson – Justice Court Operations (2020M-63)
… $14,793 in bail funds that could not be identified by payee. The Court clerks did not return unclaimed …
https://www.osc.ny.gov/local-government/audits/justice-court/2020/11/06/town-patterson-justice-court-operations-2020m-63White Plains City School District – Financial Management (2020M-71)
Determine whether the Board and District officials adopted realistic budgets and maintained reasonable levels of fund balance and reserve funds
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/30/white-plains-city-school-district-financial-management-2020m-71Town of Bovina – Internal Controls Over Cash Receipts and Disbursements (2012M-237)
… through October 15, 2012. Background The Town of Bovina is located in Delaware County and has a population of 630 residents. The Town is governed by an elected five-member Town Board comprising … controls where segregating incompatible functions is not possible. Discontinue delegating the Supervisor’s …
https://www.osc.ny.gov/local-government/audits/town/2013/02/22/town-bovina-internal-controls-over-cash-receipts-and-disbursements-2012m-237Outstanding Violations (Follow-Up)
… been partially implemented. Key Recommendation Officials are given 30 days after the issuance of the follow-up review to provide information on any actions that are planned to address the unresolved issues discussed in …
https://www.osc.ny.gov/state-agencies/audits/2014/10/15/outstanding-violations-followOpinion 92-41
… within the district) STREETS AND HIGHWAYS -- Repairs (by fire district) TOWN LAW, §176(21): A fire district may not … a series of concrete "sidewalks". The "sidewalks" are used by residents and the fire district fire department for … privately owned, but you believe they have been acquired by the county in tax enforcement proceedings. You state that …
https://www.osc.ny.gov/legal-opinions/opinion-92-41English Language Learners Programs
… language they speak. This includes the right to receive all core content instruction and to learn English and other subjects at the same academic level as all other children. Within SED, the Office of Bilingual … to provide English as a New Language (ENL) services to all eligible ELLs and are required to make Bilingual …
https://www.osc.ny.gov/state-agencies/audits/2024/09/18/english-language-learners-programsManagement of Invasive Species (Follow-Up)
… Objective To determine the extent of implementation of the four … cause habitat degradation, loss of native species, risks to public safety, human illness, or damage to crops and …
https://www.osc.ny.gov/state-agencies/audits/2021/11/19/management-invasive-species-followOpinion 89-37
… -- Powers and Duties (filing of registration statements by pawnbrokers) LICENSING AND REGULATORY POWERS -- … of the Abandoned Property Fund, oversees the compliance by collateral loan brokers with the provisions of the … opinion, it is a matter for the local government, advised by counsel, to determine whether or not a particular business …
https://www.osc.ny.gov/legal-opinions/opinion-89-37Oversight of Kendra’s Law
To determine whether the Office of Mental Health OMH is effectively monitoring Assisted Outpatient Treatment AOT to provide reasonable assurance that existing and potential AOT recipients receive their courtordered treatment
https://www.osc.ny.gov/state-agencies/audits/2024/02/08/oversight-kendras-lawBus Driver Licensing (Follow-Up)
… (2012-S-30). Background Our initial report, issued on June 13, 2013, determined that the majority of MTA bus … to drive buses transporting an estimated 8,400 passengers on a total of 38 days. In addition, the Safety and Training … issuance of the follow-up review to provide information on any actions that are planned to address the unresolved …
https://www.osc.ny.gov/state-agencies/audits/2016/01/21/bus-driver-licensing-followFiscal Oversight and Monitoring of AIDS Institute Service Provider Contracts
… Purpose To determine if the Department of Health’s AIDS Institute (Institute) has provided effective oversight of its service provider contracts to ensure claimed expenses … stated mission is to protect and promote the health of New York State’s diverse population through disease …
https://www.osc.ny.gov/state-agencies/audits/2017/05/22/fiscal-oversight-and-monitoring-aids-institute-service-provider-contractsComptroller DiNapoli Releases School District Audits
… four additional students’ district of residence by $4,200. Croton-Harmon Union Free School District – … services because they were recommended and used by other school districts. Officials also did not have … limit at fiscal year-ends 2015-16 through 2017-18 by 6.9 to 15.3 percentage points. Appropriations were …
https://www.osc.ny.gov/press/releases/2019/06/comptroller-dinapoli-releases-school-district-audits