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DiNapoli: State Pension Fund Value $210.2 Billion
… March 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns are fully audited. The Fund’s audited value at the end of state fiscal year 2018 was $207.4 billion. “The Fund’s value continued to grow during its 2019 fiscal year and …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli: New Federal Funds Give New York a Chance To Expand Broadband, Close Digital Divide
… allowing for affordable subscriptions. The new federal funds are intended to spur broadband deployment by … Broadband Equity, Access and Deployment (BEAD) Program funds announced in June 2023, initial federal COVID-19 relief …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-new-federal-funds-give-new-york-chance-expand-broadband-close-digital-divideDiNapoli Encourages New Yorkers to Save for College
… Yorkers who face college expenses to open a 529 College Savings account to start saving now to help with the costs of getting a degree. According to the Federal Reserve Bank of New York's latest figures from 2015, the nationwide … friends and family members can use New York's 529 College Savings Program to start saving early for an education and …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-encourages-new-yorkers-save-collegeManagement of Internal Controls
… College of Nanoscale Science and Engineering (CNSE). The Research Foundation of the State University of New York (Research Foundation) and the UAlbany Foundation are equal …
https://www.osc.ny.gov/state-agencies/audits/2013/01/23/management-internal-controlsNew York State Health Insurance Program – Payments by Empire BlueCross for Hospital Services for Ineligible Members
To determine whether Empire BlueCross paid hospital claims for members who were not eligible The audit covered the period January 1 2014 through December 31 2018
https://www.osc.ny.gov/state-agencies/audits/2020/08/18/new-york-state-health-insurance-program-payments-empire-bluecross-hospital-servicesTown of Howard - Fund Balance Management (2018M-192)
… of fund balance was not effective. As a result, general and highway fund balances increased significantly over the … reserve or budgeting policies or multiyear financial and capital plans. Key Recommendations Periodically monitor adopted budgets and make necessary amendments and transfers as needed. …
https://www.osc.ny.gov/local-government/audits/town/2019/01/11/town-howard-fund-balance-management-2018m-192Dundee Central School District - Information Technology (2018M-74)
… complete report - pdf] Audit Objective Determine whether the Board and District Officials ensured District information … and computerized data were safeguarded. Key Findings The Board and District officials have not adopted adequate IT … confidentially to District officials. Key Recommendations The Board and District officials should adopt comprehensive …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/03/dundee-central-school-district-information-technology-2018m-74Area #11 – Physical Controls – Information Technology Governance
… Physical security controls restrict physical access to computer resources and protect those resources from … supplies. Larger local governments and schools may have a server room while smaller units may place servers next to or under a desk, in a closet, in the middle of the room or …
https://www.osc.ny.gov/local-government/publications/it-governance/area-11-physical-controlsState Agencies Bulletin No. 1944
… employee’s taxable gross wages. This income is reportable on the employee’s Form W-2 and is subject to income and employment taxes. Effective …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1944-procedures-reporting-taxable-value-personal-use-employer-providedPayroll Improvement Project Bulletin No. PIP-011
… Plan (VDC), and 403(b) plans, as well as changes to Deduction Codes and Benefit Plans. Moving to Savings Plans … Coverage Election (Elect) Benefit Plan Before and/or After Tax Amount or Percent, as directed/allowed Invalid Plan Type … (e.g., an election on an employer-only plans, or an after tax election on a pre-tax plan) will cause errors and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-011-changes-savings-plans-payserv-92CUNY Bulletin No. CU-695
… taxable gross and will be reported on the employee’s Form W-2. Questions Questions regarding eligibility for this …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-695-january-2021-city-university-new-york-cuny-incrementsState Agencies Bulletin No. 1871
… In addition, part-time employees must have worked at least twenty (20) hours per week to be eligible. An employee who … In addition, part-time employees must have worked at least twenty (20) hours per week to be eligible. An employee who …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1871-2020-uniform-maintenance-allowance-and-2020-work-related-clothingState Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of Aloma D. Johnson Charter School , Center Moriches Union … and the Westmoreland Central School District . "In an era of limited resources and increased accountability, it's … recorded in the employee leave records and found that 12 of these employees' leave carryover amounts were overstated …
https://www.osc.ny.gov/press/releases/2018/01/state-comptroller-dinapoli-releases-school-auditsState Comptroller DiNapoli Releases Audits
… have been issued. Metropolitan Transportation Authority – MTA Bus Company and New York City Transit – Management and … (2020-S-31) New York City Transit (Transit) and the MTA Bus Company (MTA Bus) maintain a fleet of 1,950 non-revenue service vehicles used to support …
https://www.osc.ny.gov/press/releases/2023/02/state-comptroller-dinapoli-releases-auditsCity of Yonkers – Budget Review (B18-6-6)
… [read complete report - pdf] Purpose of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure projections in the City’s proposed budget for the 2018-19 fiscal year are … The lack of a contingency fund, along with the decrease in the City’s unassigned fund balance, leaves the City …
https://www.osc.ny.gov/local-government/audits/city/2018/05/18/city-yonkers-budget-review-b18-6-6DiNapoli: Local Sales Tax Collections Up Over 12% in Second Quarter of 2022
… Local sales tax collections in New York state totaled more than $5.5 billion in the second quarter of 2022 (April-June), … noted second quarter growth over last year continued to be strong in New York City, while growth in the rest of the …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-local-sales-tax-collections-over-12-second-quarter-2022City of Troy – Budget Review (B22-5-7)
… review was to determine whether the significant revenue and expenditure projections in the City’s proposed budget for … general fund for the years ending December 31, 1993, 1994 and 1995. New York State Local Finance Law requires all … of the 2023 proposed budget, we identified certain revenue and expenditure projections and other matters that should be …
https://www.osc.ny.gov/local-government/audits/city/2022/11/04/city-troy-budget-review-b22-5-7Improper Payments for Services Related to Ordering, Prescribing, Referring, or Attending Providers No Longer Participating in the Medicaid Program (Follow-Up)
… for Services Related to Ordering, Prescribing, Referring, or Attending Providers No Longer Participating in the Medicaid Program (Report 2019-S-72 ). About the Program The …
https://www.osc.ny.gov/state-agencies/audits/2024/01/03/improper-payments-services-related-ordering-prescribing-referring-or-attending-providers-noCompliance With Special Education Regulations for the Provision of Services (Follow-Up)
… Objective To determine the extent of implementation of the five recommendations included in the initial audit report, Compliance With Special Education …
https://www.osc.ny.gov/state-agencies/audits/2023/03/15/compliance-special-education-regulations-provision-services-followDiNapoli Announces Sale of $634 Million State of New York General Obligation Bonds
… New York taxpayers a total of approximately $50.2 million on a cash flow basis and $49.7 million on a net present value … said. “Once again, there was significant investor interest in the state’s bonds. The combination of strong market … spending, the state's 180,000 contracts, billions in state payments and public authority data. Visit the …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-announces-sale-634-million-state-new-york-general-obligation-bonds