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Accounting and Financial Reporting for Leases as Required by GASB Statement No. 87
This bulletin provides accounting and financial reporting guidance related to those contracts that meet the definition of a lease, and illustrates how local governments, and school districts will need to account and report these leases in their annual update document (AUD) and the ST-3.
https://www.osc.ny.gov/files/local-government/publications/pdf/accounting-and-financial-reporting-for-leases-required-by-gasb-87.pdfLocal Government Contact Management System (LGCMS)
OSC will be releasing a new system for maintaining municipal contact information and ensuring important OSC communications are received timely, and by the current local government officials. This session will walk through how to create, modify, verify and remove municipal official contact records.
https://www.osc.ny.gov/files/local-government/academy/pdf/local-gov-contact-management-system-081924.pdfX.3.A Agency Vendor Registration – X. Guide to Vendor/Customer Management
… in the Statewide Vendor File add a significant number of vendors at one time resolve various issues which may be … to determine if the individual or entity they want to do business with is already a registered New York State vendor. … LIABILITY PARTNERSHIP LLP NEW YORK CITY NYC NEW YORK STATE NYS STATE UNIVERSITY OF NEW YORK SUNY TREASURER TRES UNITED …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x3a-agency-vendor-registrationDiNapoli: Jury Convicts Councilman Ruben Wills in Public Corruption Scheme
… My office will continue to hold accountable any public official who breaches the public trust and breaks the law." … to Micro Targeting, a shell company purportedly created to translate and distribute campaign literature. Prosecutors …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-jury-convicts-councilman-ruben-wills-public-corruption-schemeComptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced … Hampton , Town of Hopewell , Pember Library and Museum , City of Rye , Town of Sullivan and the Washington County … years 2011-12 and 2012-13, as required by the by-laws. City of Rye – Boat Basin Fund (Westchester County) The city’s …
https://www.osc.ny.gov/press/releases/2014/01/comptroller-dinapoli-releases-municipal-auditsMTA's Fiscal Challenge: Fill the Gap, But Not at Riders' Expense
… by the economy, but that significant challenges remain, in particular closing the unprecedented funding gap in its proposed five-year capital program. “The MTA is in better financial condition thanks to its own efforts and a … by the economy but that significant challenges remain in particular closing the unprecedented funding gap in its …
https://www.osc.ny.gov/press/releases/2014/10/mtas-fiscal-challenge-fill-gap-not-riders-expenseNYSARC, Inc.– NYC Chapter: Compliance With the Reimbursable Cost Manual
… To determine whether the costs reported by NYSARC, Inc. – NYC Chapter (NYSARC), also known as AHRC NYC, on its Consolidated Fiscal Reports (CFRs) were … To determine whether the costs reported by NYSARC Inc NYC Chapter also known as AHRC NYC on its Consolidated Fiscal …
https://www.osc.ny.gov/state-agencies/audits/2018/11/21/nysarc-inc-nyc-chapter-compliance-reimbursable-cost-manualComptroller DiNapoli Releases School Audits
… School District , Genesee Valley Central School District , Iroquois Central School District , Moriah Central School … which the reserve’s assets will be used or replenished. Iroquois Central School District – Financial Condition (Erie … audits of the Akron CSD Duanesburg CSD Genesee Valley CSD Iroquois CSD Moriah CSD Newark School District Pub Library …
https://www.osc.ny.gov/press/releases/2014/07/comptroller-dinapoli-releases-school-audits-1DiNapoli: Audit Identifies $800,000 in Ineligible Costs Submitted by NYC Special Education Provider
… boroughs. The New York City Department of Education (DoE) refers students to Milestone and pays the school’s … must submit its annual expenses to SED, which reimburses DoE for a portion of its payments to Milestone. For the … the Laws of 2013 was signed into Law on December 18, 2013. This Law requires the Comptroller to audit, by March 31, …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-audit-identifies-800000-ineligible-costs-submitted-nyc-special-education-providerState Comptroller DiNapoli: Costs Will Climb for Municipal Landfills
… and closed landfills, according to a report released today by State Comptroller Thomas P. DiNapoli. Much of these … active and closed landfills according to a report released today by State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-costs-will-climb-municipal-landfillsNYC Budget Benefiting From Strong Tax Collections
… reserves in the current year, higher than expected tax collections and benefits from the citywide savings … the threat of federal budget cuts," DiNapoli said. Tax collections outpaced the city’s initial forecast by … in FY 2018, driven by higher-than-planned personal income tax collections and lower than expected property tax refunds, …
https://www.osc.ny.gov/press/releases/2018/06/nyc-budget-benefiting-strong-tax-collectionsOpinion 2001-6
… bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Particular Uses (purchase of personal … machine and refrigerator for fire department use) INSURANCE LAW §§9104, 9105: Unless otherwise provided by … fire department may determine to use foreign fire insurance tax monies to purchase a personal computer, …
https://www.osc.ny.gov/legal-opinions/opinion-2001-6DiNapoli: Corporations to Disclose Political Spending
… they publicly report all direct and indirect corporate political spending. "Investors must be able to determine if political spending is consistent with enhancing a company's … or indirect state and federal lobbying, payments to any trade associations used for political purposes, and payments …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-corporations-disclose-political-spendingDiNapoli: Metro North and LIRR Lax in Monitoring Overtime Paid For With Federal Stimulus Funds
… were paid for only the time they worked, whether overtime was pre-approved and justified and whether the reasons for … requirement for conductors to sign out manually, so there was not an accurate record of when conductors actually left … time that wasn’t worked. Auditors found no pre-approval was given for the 110 instances of overtime totaling 998 …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-metro-north-and-lirr-lax-monitoring-overtime-paid-federal-stimulus-fundsDiNapoli: Audit of State Agencies Recommends Better Tracking of Food Purchases From Local Farmers
… and Markets (Ag&Mkts) and the Office of General Services (OGS) are now directing all state agencies to submit … Agriculture and Markets AgMkts and the Office of General Services OGS are now directing all state agencies to submit …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-audit-state-agencies-recommends-better-tracking-food-purchases-local-farmersAdvanced Therapeutic Concepts, Inc. – Compliance With the Reimbursable Cost Manual
… The audit included expenses claimed on ATC’s CFRs for the three fiscal years ended June 30, 2015. Background … ATC was incorporated June 2000 in the State of New York as a for-profit organization, and is approved by SED to provide … no documentation to support that the employees who were reimbursed actually incurred any cost or provided ATC any …
https://www.osc.ny.gov/state-agencies/audits/2017/11/28/advanced-therapeutic-concepts-inc-compliance-reimbursable-cost-manualSelected Aspects of Subway Station Safety
… Authority’s New York City Transit - Division of Station Environment and Operations has taken appropriate steps to make all of its subway stations safe, and whether “Help Points” and … transportation in New York City, carrying an average of 5.65 million passengers per day. Maintaining safety and …
https://www.osc.ny.gov/state-agencies/audits/2017/06/15/selected-aspects-subway-station-safetyMedicaid Program – Managed Long Term Care Premium Rate Setting
… New York State Medicaid program is a federal, state, and locally funded program that provides a wide range of medical …
https://www.osc.ny.gov/state-agencies/audits/2017/09/27/medicaid-program-managed-long-term-care-premium-rate-settingDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… gaps, shrinking debt capacity and the lingering threat of federal funding cuts cloud the horizon. Yet, there are no … leaving the state with little cushion in the event of an economic downturn." The $170.3 billion spending plan is … million, to $166 billion, from last year. The Division of the Budget (DOB) expects that the state will utilize 42 …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansState Comptroller DiNapoli Releases Audits
… taxes were not collected. New York Racing Association (NYRA): Capital Program Revenue and Expenses (Follow-Up) … An initial audit issued in October 2015 found that NYRA lacked a formal long-term capital planning process for … the issues identified. New York Racing Association: Financial Condition and Selected Expenses (Follow-Up) …
https://www.osc.ny.gov/press/releases/2018/02/state-comptroller-dinapoli-releases-audits