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DiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… but the city will have to overcome major fiscal challenges in the years ahead as it recovers from the COVID-19 pandemic, … have certainly been strained by the pandemic, but strength in the securities industry and other sectors have boosted … DiNapoli said. “However, the city has seen a steep decline in property values and that may take years to recover from. …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingState Comptroller DiNapoli Releases Municipal Audits
… have been issued. Grand Gorge Fire District – Conflict of Interest and Claims Auditing (Delaware County) The board did not make sure there weren’t prohibited conflicts of interest and allowed claims to be paid prior to audit and approval. The board also did not adopt a code of ethics, as required by law. A commissioner had a …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-audits-0Selected Aspects of the All-Agency Contractor Evaluation System at Long Island Rail Road, Metro-North Railroad, New York City Transit, and Triborough Bridge and Tunnel Authority
… is monitoring and evaluating its contractors/consultants in compliance with its All-Agency Contractor Evaluation (ACE) … from January 2016 to March 2020. About the Program In 1997, MTA implemented the ACE system, a performance … contractor is party to a new contract (either alone or in a joint venture). Issues with Unsatisfactory or repeated …
https://www.osc.ny.gov/state-agencies/audits/2022/11/16/selected-aspects-all-agency-contractor-evaluation-system-long-island-rail-road-metro-northDiNapoli: Drastic State Revenue Shortfall in April
… significant revenue declines occurred for New York in April as a result of the COVID-19 pandemic and the three … to reduce most local assistance and state agency spending in order to maintain budget balance. The budget is deemed out … spending reductions or other options. Other items of note in the report: On an all governmental funds basis, PIT …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilOpinion 2004-2
… whether a town is prohibited from entering into a contract for the purchase of gravel from a vendor who may obtain at … member. The vendor leases the property from the spouse for "fair market value," and has the right, but not the … municipality that they serve (General Municipal Law §801). For purposes of article 18, a "contract" includes any express …
https://www.osc.ny.gov/legal-opinions/opinion-2004-2New York State Health Insurance Program – Incorrect Payments by CVS Caremark for Medicare Rx Drug Claims That Were Improperly Paid Under the Commercial Plan
… by the Department of Civil Service (Civil Service), is one of the nation’s largest public sector health insurance … members and their dependents who have Medicare, and a Commercial Plan for members and their dependents who do not …
https://www.osc.ny.gov/state-agencies/audits/2023/09/13/new-york-state-health-insurance-program-incorrect-payments-cvs-caremark-medicare-rx-drugDiNapoli: Wall Street Bonuses Rose Sharply in 2009
… today by State Comptroller Thomas P. DiNapoli. Total compensation at the largest securities firms grew even faster … lower share of net revenue to compensation compared with past years. DiNapoli also reported that: Broker-dealer … Wall Street accounted for 24 percent of the wages paid to workers in New York City in 2008 even though it accounted for …
https://www.osc.ny.gov/press/releases/2010/02/dinapoli-wall-street-bonuses-rose-sharply-2009DiNapoli: SUNY Downstate Failed to Get Its Money's Worth From Cost-Cutting Consultant
… Medical Center paid a consultant $34 million for a plan to help the hospital out of financial trouble, but a report … Pitts Management Associates (PMA), which it charged to SUNY Downstate while working on this project. "SUNY … problems were severe and it needed help. But it failed to monitor PMA's $34 million contracts and did not get what …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-suny-downstate-failed-get-its-moneys-worth-cost-cutting-consultantComptroller DiNapoli Releases Municipal Audits
… , Comsewogue Public Library , Endwell Fire District , Lily Dale Volunteer Fire Company , Town of Oneonta Fire District … incentive gifts, meals and travel expenses. Lily Dale Volunteer Fire Company – Internal Controls Over … Comsewogue Public Library Endwell Fire District Lily Dale Volunteer Fire Company Town of Oneonta Fire District and …
https://www.osc.ny.gov/press/releases/2014/02/comptroller-dinapoli-releases-municipal-auditsDiNapoli: Tax Cap Will Drop Below One Percent in 2016
… choices may be required on staffing levels, delivery of services, fund balance reductions, and deferral of capital and infrastructure projects. And if inflation … beginning in 2012, limits tax levy increases to the lesser of the rate of inflation or 2 percent with some exceptions, …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-tax-cap-will-drop-below-one-percent-2016Little Meadows Early Childhood Center, Inc. – Compliance With the Reimbursable Cost Manual
… Meadows Early Childhood Center, Inc. (Little Meadows) on its Consolidated Fiscal Reports (CFRs) were reasonable, … Claiming Manual (CFR Manual). The audit focused primarily on expenses claimed on Little Meadows’ CFR for the fiscal year ended June 30, … reported by Little Meadows Early Childhood Center Inc on its Consolidated Fiscal Reports CFRs were reasonable …
https://www.osc.ny.gov/state-agencies/audits/2022/07/07/little-meadows-early-childhood-center-inc-compliance-reimbursable-cost-manualUCP of Niagara County d.b.a. Empower – Compliance With the Reimbursable Cost Manual
… is a not-for-profit special education provider located in Niagara Falls that serves students in Niagara County. Empower is an affiliate of the Cerebral … 2019–20 school year, Empower served 94 preschool children in the SED preschool cost-based programs. Niagara County pays …
https://www.osc.ny.gov/state-agencies/audits/2024/06/21/ucp-niagara-county-dba-empower-compliance-reimbursable-cost-manualState Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Central Square Central School District , … School District , Panama Central School District and the Williamsville Central School District . “In an era of … and operations, my office continues to provide taxpayers the assurance that their money is being spent appropriately …
https://www.osc.ny.gov/press/releases/2016/12/state-comptroller-dinapoli-releases-school-auditsCVS Health – Accuracy of Drug Rebate Revenue Remitted to the Department of Civil Service (Follow-Up)
… Objective To assess the extent of implementation of the two recommendations included in our initial audit report, Accuracy of Drug Rebate Revenue Remitted to the Department of Civil Service (Report 2019-S-51 ). About … To assess the extent of implementation of the two recommendations …
https://www.osc.ny.gov/state-agencies/audits/2021/11/16/cvs-health-accuracy-drug-rebate-revenue-remitted-department-civil-service-followDiNapoli: New York City Projecting $3.4 Billion Surplus for 2016
… an ambitious gap-closing program, but it relies heavily on actions that have fallen short of target in the past. If unsuccessful, the …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-new-york-city-projecting-34-billion-surplus-2016New Yorkers in Need: A Look at Poverty Trends in New York State for the Last Decade
… had devastating health, economic and social consequences. In New York, the pandemic and ensuing economic shutdown produced almost 2 million job losses in 2020. Yet for many, economic hardships existed long before … had devastating health economic and social consequences In New York the pandemic and ensuing economic shutdown …
https://www.osc.ny.gov/reports/new-yorkers-need-look-poverty-trends-new-york-state-last-decadeMedicaid Program – Improper Premium Payments Made on Behalf of Managed Care Members Residing Outside the State
… of New York to receive benefits. Individuals enroll in Medicaid through the NY State of Health (NYSOH, the … Social Security number (SSN) as the unique identifier for matches. Most of the State’s Medicaid members are … the use of other data sources, including NCOA, to identify out-of-state members. We further suggest DOH engage with the …
https://www.osc.ny.gov/state-agencies/audits/2025/09/09/medicaid-program-improper-premium-payments-made-behalf-managed-care-members-residingDiNapoli: North Shore Leads Staten Island's Growth
… for many the gateway to Staten Island, has led the borough in population growth since 2010, according to a report … tend to be younger and more racially diverse than in other parts of the borough. “The North Shore is a key part of the growth story in Staten Island. It has contributed to the increase in …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-north-shore-leads-staten-islands-growthHousing Trust Fund Corporation – Internal Controls Over and Maximization of Federal Funding for Various Section 8 Housing Programs and the COVID Rent Relief Program (Follow-Up)
… of implementation of the four recommendations included in our initial audit report, Housing Trust Fund Corporation – … to increase utilization. HCV enables low-income households in the State to rent or purchase decent, safe housing in the private housing market by providing rental and …
https://www.osc.ny.gov/state-agencies/audits/2024/12/04/housing-trust-fund-corporation-internal-controls-over-and-maximization-federal-fundingNew York’s Economy and Finances in the COVID-19 Era
… the second quarter of 2019 according to new data from the US Bureau of Labor Statistics BLS …
https://www.osc.ny.gov/reports/covid-19-december-16-2020