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DiNapoli Releases January State Cash Report
… Through the first 10 months of the fiscal year, All Funds receipts totaled nearly $126.5 billion, a decline of … projections, primarily in local assistance grants and capital projects. The General Fund ended January with a … Funds includes General, Special Revenue, Debt Service and Capital Projects funds, as well as funds from the federal …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-releases-january-state-cash-reportBuilding Blocks Developmental Preschool, Inc. – Compliance With the Reimbursable Cost Manual
… audit covered expenses reported on Building Blocks’ CFR for the fiscal year ended June 30, 2015, and certain expenses reported on Building Blocks’ CFRs for the two fiscal years ended June 30, 2014. Background Building Blocks is an SED-approved not-for-profit special education provider located in Commack, New …
https://www.osc.ny.gov/state-agencies/audits/2017/10/06/building-blocks-developmental-preschool-inc-compliance-reimbursable-cost-manualState Comptroller DiNapoli Releases State Audits
… has taken actions to comply with the federal requirements for securing directory data. Auditors found that the office is fully compliant with 23 of the 32 requirements and … for securing directory data Auditors found that the office is fully compliant with 23 of the 32 requirements and …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-state-auditsDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… announced today. The average contribution rate for the Employees' Retirement System (ERS) will decrease from 15.5 … of payroll. "After three years of rate reductions, pension contribution rates will remain stable for our … the financial markets have been volatile, our pension fund remains one of the strongest and best funded in the …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18DiNapoli: After-School Provider Misused $194,320 in Public Funds
The SCO Family of Services SCO a provider of extended school day programs for the State Education Department SED submitted $194320 in reimbursement claims for expenses that were unnecessary not allowable or unrelated to its programs
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-after-school-provider-misused-194320-public-fundsDiNapoli: Audit Cites East Clinton Fire District For Improper Gifts
… Officials in Dutchess County’s East Clinton Fire District improperly paid nearly $35,000 in personal expenses for members, including rent, cable … to uncover lax oversight and misuse of taxpayer dollars in fire districts. I will continue to audit these entities so …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-audit-cites-east-clinton-fire-district-improper-giftsPension Funds Break New Ground on Board Diversity
… to formally include sexual orientation and gender identity in their considerations when seeking diverse board … be the first U.S. corporation to include these provisions in its board nominating charter. Monster Beverage agreed to amend its charter in response to a separate Fund proposal which was co-filed by …
https://www.osc.ny.gov/press/releases/2015/04/pension-funds-break-new-ground-board-diversityOpinion 90-25
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer represent … or statutory amendments that bear on the issues discussed in the opinion. FIRE DISTRICTS -- Powers and Duties … the Court of Appeals, in Seif v City of Long Beach , 286 NY 382, stated as follows at p 387: Where the Legislature …
https://www.osc.ny.gov/legal-opinions/opinion-90-25Town of Shelter Island – Peconic Bay Community Preservation Fund (P7-23-22)
… the 37 deposits totaling $8.5 million made to the CPF bank account during the audit period, we reviewed 10 deposits …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/02/23/town-shelter-island-peconic-bay-community-preservation-fund-p7-23-22Town of East Hampton – Peconic Bay Community Preservation Funds (P7-23-23)
… the Peconic Bay Community Preservation Fund (CPF) to ensure that all collections were properly supported, … Of the 101 deposits totaling $127.2 million made to the CPF bank account during the audit period, we reviewed … disbursements were adequately supported and approved prior to payment. We reviewed all 14 debt service payments totaling …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/02/23/town-east-hampton-peconic-bay-community-preservation-funds-p7-23-23DiNapoli: Wall St. First Half Profits Total $13 Billion, Down From 2022
… the industry’s return to pre-pandemic levels of revenue after record profits in 2020 and 2021, according to State … had the second highest number of industry jobs at 97,100. After two years of record highs, bonuses have declined … $497,420 in 2022, which was the second highest on record after 2021’s peak of $516,520 ($548,040 when adjusting for …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-wall-st-first-half-profits-total-13-billion-down-2022DiNapoli Releases February State Cash Report
… totaled $67.3 billion through Feb. 28, a decline of $481 million or 0.7 percent from the same period last … Budget on Feb. 23. "While tax collections for much of this fiscal year were lower than expected, receipts to … Financial Plan Update," DiNapoli said. Through 11 months of the fiscal year, All Funds receipts totaled nearly $136.6 …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-releases-february-state-cash-reportState Comptroller DiNapoli Announces Political Spending Disclosure Agreements With Seven Companies
… Match Group Inc., Penn Entertainment Inc., Warner Bros. Discovery Inc., Zillow Group Inc., Paramount Global, and Zoom …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-announces-political-spending-disclosure-agreements-seven-companiesXVI.4 Overview – XVI. Financial Reporting
This section outlines policies for selected specialized areas that apply to agencies in the State reporting entity accountability for some of which is solely or largely the responsibility of the Office of the State Comptroller
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4-overviewIndependent Review Finds State Pension Fund Operates Under Highest Ethical and Professional Standards
… Retirement Fund has proven once again to be a leader in transparency, ethics and performance,” DiNapoli said. “I’m … transparency.” Kroll noted the great strides the Fund made in implementing past recommendations, particularly in staffing, but recommended adding staff and resources for …
https://www.osc.ny.gov/press/releases/2022/04/independent-review-finds-state-pension-fund-operates-under-highest-ethical-and-professional-standardsQuaker Street Fire District – Board Oversight (2021M-96)
… supported prior to payment. Ensure that AUDs are filed in a timely manner. District officials generally agreed with …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/12/29/quaker-street-fire-district-board-oversight-2021m-96Rolling Stock Programs Department – Selected Aspects of the M9 Rail Car Project Management
… Program The Metropolitan Transportation Authority (MTA) is a State public authority created pursuant to Article 5, … six related MTA agencies, the Long Island Rail Road (LIRR) is one of the oldest commuter railroads still in operation, … pandemic. It remains an important transportation artery for the New York region. On September 18, 2013, LIRR awarded …
https://www.osc.ny.gov/state-agencies/audits/2022/03/25/rolling-stock-programs-department-selected-aspects-m9-rail-car-project-managementSmithtown Central School District – Claims Processing and Travel-Related Expenses (2021M-25)
… (Board) ensured claims were adequately documented, for appropriate purposes, and properly audited and approved … ensured the claims we reviewed were adequately documented, for appropriate purposes and properly audited and approved … the District $1,855 by adopting federal per diem rates for travel expenses. Key Recommendations Consider amending …
https://www.osc.ny.gov/local-government/audits/school-district/2021/06/11/smithtown-central-school-district-claims-processing-and-travel-relatedOversight of Telemental Health Services
… at a temporary location, or at a site licensed by OMH. On March 30, 2020, OMH expanded the definitions of TMH and … and outlined programs and/or services eligible to use TMH for the duration of the COVID-19 disaster emergency. In … ends. Oversight of a provider’s use of TMH is focused on the initial approval, and OMH does not have defined …
https://www.osc.ny.gov/state-agencies/audits/2021/06/17/oversight-telemental-health-servicesNew York State Comptroller Thomas P. DiNapoli Statement on Moody's Upgrade of New York State General Obligation Bonds
… on the steps the Governor and the Legislature have taken in recent years to strengthen the state’s cash position, …
https://www.osc.ny.gov/press/releases/2014/06/new-york-state-comptroller-thomas-p-dinapoli-statement-moodys-upgrade-new-york-state-general