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DiNapoli Announces Fiscal Stress Scores
… Thirty local governments in New York State ended 2020 in some form of fiscal stress, … releases fiscal stress scores on municipalities (excluding New York City) twice a year. The latest round of scores … with non-calendar fiscal years were in stress. “New York’s local governments have overcome some major fiscal …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-announces-fiscal-stress-scoresState Agencies Bulletin No. 1942
… amount of each retroactive earnings code paid. Two new Locked Queries have been developed to assist agency review of … payments are calculated. Effective Dates The new locked queries are available immediately. OSC Actions OSC has created two new locked queries to help review the total amount of retroactive …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1942-new-locked-queries-review-retroactive-payments-employees-paycheckState Agencies Bulletin No. 1957
… deposit advice statement. OSC has prepared the attached letter explaining the tax rules governing Educational … Agencies are strongly encouraged to: Provide this letter to affected employees prior to processing these … tax withholding. Include additional information with this letter that identifies the specific paycheck date on which …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1957-educational-assistance-benefits-2021III.9 Provisions for 15 Day Prompt Payment Interest Eligibility – III. Statewide Financial System (SFS)
… within the Statewide Financial System (SFS) electronic vendor portal. Completion of this certification will identify that … date forward until such certification is removed by the vendor through this same portal. The Office of the State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii9-provisions-15-day-prompt-payment-interest-eligibilityDiNapoli: State’s Financial Plan Reflects a Bleak Economic Outlook
… The state’s Enacted Budget Financial Plan anticipates a dire fiscal outlook in … in poverty, individuals with disabilities, and aging New Yorkers are among those who may suffer the loss of … costs of fighting the coronavirus,” DiNapoli said. “New York is facing an unprecedented public health and fiscal …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-states-financial-plan-reflects-bleak-economic-outlookDue Diligence for Companies Holding Abandoned Funds
… are required to attempt to contact the rightful owner of the property before transferring, or escheating, the … as abandoned property and transferred to the Office of the New York State Comptroller unless they claim it before … or you only have an incomplete address on file. The value of the abandoned property account is $20 or less and you plan …
https://www.osc.ny.gov/unclaimed-funds/reporters/due-diligence-companies-holding-abandoned-fundsState Comptroller DiNapoli Releases Municipal Audits
… Aid and Incentives for Municipalities (AIM) funding and Video Lottery Terminal (VLT) aid throughout 2021 and develop … manage fund balance and spent down fund balance by $427,000 or 71 percent. The board also appropriated fund …
https://www.osc.ny.gov/press/releases/2021/05/state-comptroller-dinapoli-releases-municipal-audits-1DiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… Action Plan to lower investment risks from climate change and transition the Fund’s investment portfolio to net zero … the threat of climate change and as market forces drive a low-carbon economic transition, we need to make sure our investments line up with this reality,” said …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesState Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … following local government audits have been issued. Town of Adams – Justice Court Operations (Jefferson County) Overall, auditors …
https://www.osc.ny.gov/press/releases/2021/03/state-comptroller-dinapoli-releases-municipal-auditsIX.8.A Accounting for Federal Refunds – IX. Federal Grants
… All federal refunds will be processed through AP as an adjustment … of whether the grant award is open or closed with the federal agency or whether the appropriation/segregation is … U.S. Treasury. If an agency uses an electronic system to draw funds, the refund should be processed within that draw …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8a-accounting-federal-refundsDiNapoli Op-Ed in Democrat & Chronicle Calls for Swift Action to Address Growing Food Insecurity
… and injustice. The long lines of people waiting for food speak to the inequities many face when it comes to accessing food. While uncertainty haunts the pandemic, the need to … U.S. Census Bureau data confirms the stark reality of food insecurity: 1.3 million adult New Yorkers live in …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-democrat-chronicle-calls-swift-action-address-growing-food-insecurityComptroller DiNapoli Releases Municipal Audits
… board did not effectively monitor expenditures and fund balance. As a result, the unrestricted fund balance deficit increased to as much as $171,492 during the … also determined that the board did not adopt a fund balance policy or establish targeted funding levels for its …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsState Agencies Bulletin No. 1860
… benefits exceeding the $5,250 exclusion limit for calendar year 2020 are affected. Background Per IRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1860-educational-assistance-benefitsDiNapoli: 31 School Districts Designated in Some Level of Fiscal Stress
… the school year ending on June 30, 2020. “This is a time of unprecedented uncertainty as the COVID-19 pandemic … if their fiscal stress scores were low in the early days of the crisis.” The Fiscal Stress Monitoring System, which … York City schools and the “Big Four” City School Districts of Buffalo, Rochester, Syracuse and Yonkers, found two school …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-31-school-districts-designated-some-level-fiscal-stressSUNY Bulletin No. SU-299
… Purpose The purpose of this bulletin is to provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the two year look-back. Affected Employees Tier 6 New York …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-299-two-year-look-back-tier-6-suny-optional-retirement-planState Comptroller DiNapoli Releases Audits
… they were serving significantly fewer children and did not reduce their expenditures proportionately. Based on … title of special assistant to the president. Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2019/10/state-comptroller-dinapoli-releases-auditsSelected Aspects of Subway Station Safety
… not take sufficient and/or timely actions to identify and address safety-related defects. The audit’s more significant … these defects, the Division took between 6 and 92 days to address/repair the defects. For two other defects, the …
https://www.osc.ny.gov/state-agencies/audits/2017/06/15/selected-aspects-subway-station-safetyDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… Facilities Corporation (EFC) has provided financing for over 2,000 essential local water infrastructure projects … since 1990, but the estimated capital improvement needs for water and sewer projects far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline, according …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli Calls for Improvements to Capital Planning Process
… upcoming fiscal year, according to a report released today by State Comptroller Thomas P. DiNapoli. The report, which … capital spending; Enhancing capital needs reporting by individual agencies; Integrating legislative capital … capital investments. Such spending is projected to decline by an annual average of 1.1 percent from SFY 2014-15 through …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-calls-improvements-capital-planning-processState Ends 2015-16 Fiscal Year with Strong Cash Position Largely From Temporary Resources
… of 2.8 percent from a year earlier, and ended the SFY $1.9 billion higher than initial projections, largely because … and personal income tax (PIT) collections, according to a report released today by State Comptroller Thomas P. … will be looking closely at this April’s results to see how the new fiscal year starts off.” The state received …
https://www.osc.ny.gov/press/releases/2016/05/state-ends-2015-16-fiscal-year-strong-cash-position-largely-temporary-resources