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The Tourism Industry in New York City
… Employment in the tourism industry declined by 89,000 jobs (31.4 percent) to 194,200 in 2020, from a record 283,200 … to return, but must also develop a proactive strategy that cultivates and attracts international and business … Firms There are 60,800 firms in New York City that provide at least some of their services in support of …
https://www.osc.ny.gov/reports/osdc/tourism-industry-new-york-cityDiNapoli Seeks Information on Safety Measures Taken by Businesses Involved in Shipping Oil
… in catastrophic losses from oil spills pose serious risks for the public, the environment, and the companies involved. … future mishaps which can lead to serious legal liabilities for the companies. As trustee of the state pension fund, I am … Lac-Megantic, Quebec, resulted in 47 deaths and liability for the accident caused the rail carrier involved to enter …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-seeks-information-safety-measures-taken-businesses-involved-shipping-oilBuffalo City School District – Oversight of Field Activities at the Service Center (2014M-270)
… and an IT vendor were adequately supervised and monitored for the period July 1, 2011 through August 15, 2014. … approximately 34,000 students. Budgeted appropriations for the 2014-15 fiscal year total approximately $806.6 …
https://www.osc.ny.gov/local-government/audits/school-district/2015/06/11/buffalo-city-school-district-oversight-field-activities-service-centerComptroller DiNapoli Releases School Audits
… reserve. Currently, there is no statutory authority for a district to establish a reserve for post-employment benefits that are not based on employees’ … The district unnecessarily has online banking access for all of its bank accounts. In addition, district officials …
https://www.osc.ny.gov/press/releases/2014/12/comptroller-dinapoli-releases-school-auditsState Comptroller DiNapoli Statement on the Enacted Budget
… "The Governor and Legislature reached an on-time budget agreement amid an uncertain revenue picture and risks to federal aid. "Still, there are areas of concern. As in … behind closed doors, leaving the public in the dark about how taxpayer money will be spent. My office will provide a …
https://www.osc.ny.gov/press/releases/2018/03/state-comptroller-dinapoli-statement-enacted-budgetNorth Collins Central School District – Financial Management (2016M-189)
… Purpose of Audit The purpose of our audit was to review the … plans regarding the purpose, use and replenishment of funds for any of its reserves. Key Recommendations Develop … the annual budget. Develop a written policy indicating how much money will be reserved, how each reserve will be …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/05/north-collins-central-school-district-financial-management-2016m-189NYS Common Retirement Fund Announces $800 Million in Recent Climate-Related and Sustainable Investments
… In January, the Fund committed $300 million to Avenue Capital Sustainable Solutions Fund, which will focus … renewable energy, recycling and waste management. The Avenue commitment is in the Fund’s opportunistic portfolio. …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-announces-800-million-recent-climate-related-and-sustainable-investmentsRoyalton-Hartland Central School District – Financial Condition (2015M-275)
… Purpose of Audit The purpose of our audit was to examine the … expenditures that could have been paid for with reserve funds. Key Recommendations Develop realistic estimates of … benefits taxpayers. Develop a written policy indicating how much money will be reserved, how each reserve will be …
https://www.osc.ny.gov/local-government/audits/school-district/2016/01/15/royalton-hartland-central-school-district-financial-condition-2015m-275Pleasantville Union Free School District – Financial Condition (2015M-311)
… our audit was to review the District’s financial condition for the period July 1, 2014 through September 10, 2015. … five-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $49 million. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/04/pleasantville-union-free-school-district-financial-condition-2015m-311Port Jervis City School District – Financial Condition (2016M-319)
… our audit was to review the District’s financial condition for the period July 1, 2014 through June 30, 2016. Background … nine-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year totaled approximately $65 … Use surplus fund balance as a financing source for funding one-time expenditures, funding needed reserves or …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/18/port-jervis-city-school-district-financial-condition-2016m-319State Agencies Bulletin No. 1198
… in the processing of Automated Interface transactions and files as a result of the SSN Decoupling project. Affected … Effective Date(s) All Automated Interface transaction files submitted after 12:00 noon on Friday, November 9, 2012 … results in a change to the way the Automated Interface files will be processed. These changes impact the EMPLID …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1198-changes-automated-interface-transaction-processing-ai-agencies-onlyXI.6.B Quick Contracting – Construction – XI. Procurement and Contract Management
… participate in the Office of the State Comptroller’s (OSC) Quick Contracting Program for construction contracts, the … boilerplate must have been approved by the Comptroller. Quick Contracting transactions can generally be processed by …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi6b-quick-contracting-constructionXI.12.B Contract Assignments – XI. Procurement and Contract Management
… of the rights, obligations, and liabilities under a contract to an individual or organization (“Transferee”) … their rights, obligations, and liabilities under a contract to another individual or organization. Agency contract managers should be aware of all transfers under a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12b-contract-assignmentsState Agencies Bulletin No. 2104
… for informational purposes only. Social Security & Medicare Wage Base and Tax Rate Information The Social … There is no limit on the amount of wages subject to Medicare tax. The Social Security tax rate of 6.2% and Medicare tax rate of 1.45% remain the same. Employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2104-summary-tax-related-changes-2023DiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget
… The Executive Budget for State Fiscal Year (SFY) 2021-22 relies on a range of … balances and increased borrowing — demonstrating the need for significant federal aid, according to an initial analysis … analysis noted that federal funds are being used to pay for operating expenses typically covered by the General Fund, …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budgetOpinion 90-3
… all other real property. When a village elects direct cash payment and sales tax is allocated to that village, the full … town exercises the authority to elect to receive a direct payment of the amount which would otherwise be applied to …
https://www.osc.ny.gov/legal-opinions/opinion-90-3NYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… Systems, manage more than $330 billion in assets for more than 1.7 million current and retired state, city, … a business-as-usual approach,” DiNapoli said. “It’s time for the SEC to step in and, through regulatory or enforcement … on the risks they face from climate change is a red flag for investors,” Stringer said. “The SEC has both the …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryNYS Comptroller DiNapoli: Amazon Must Ensure Its Business Is Not Adding to Racial Inequality
New York State Comptroller DiNapoli announced that the New York State Common Retirement Fund the Fund has filed a shareholder proposal at Amazoncom Inc asking for an independent audit to assess the companys policies and practices on civil rights equity diversity and inclusion
https://www.osc.ny.gov/press/releases/2020/12/nys-comptroller-dinapoli-amazon-must-ensure-its-business-not-adding-racial-inequalityVillage of Mastic Beach – Treasurer’s Office and Credit Cards (2014M-150)
… audit was to review selected Village financial operations for the period June 1, 2012 through November 30, 2013. … Trustees and an elected Mayor. Operating expenditures for the 2012-13 fiscal year were $3.7 million. Key Findings … cards, set applicable credit limits, provide dollar limits for purchases, describe the types of purchases permitted, and …
https://www.osc.ny.gov/local-government/audits/village/2014/08/08/village-mastic-beach-treasurers-office-and-credit-cards-2014m-150DiNapoli Releases Annual IDA Report
… 4,262 active projects with a total value of $114 billion in 2020, an increase of $5.3 billion from the prior year, … DiNapoli said. “IDAs can play an important role in helping local economies and businesses expand and recover … by projects minus initial jobs reported) were 167,984 in 2020. This is the smallest number of jobs gained in the …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-releases-annual-ida-report