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DiNapoli: Wall Street's 2024 First Half Profits of $23.2B Were 79.3% Higher Than Last Year
… $23.2 billion in pretax profits for the first half of 2024 were a dramatic 79.3% increase over the same period … spurred by interest income on transactions, due to federal fund rate increases. The gains were offset, however, by … most since 2000. In recent years, employment has lagged changes in profits, with jobs actually declining 1.7% over …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-wall-streets-2024-first-half-profits-232b-were-793-higher-last-yearSubway Recovery Tracker
… had a profound and disparate impact on subway ridership in New York City. Initially, the emergence of the virus in March and April 2020 corresponded with a steep and uniform drop in subway usage across all five boroughs. Citywide, April …
https://www.osc.ny.gov/osdc/subway-recovery-trackerPayroll Improvement Project Bulletin No. PIP-016
… codes and deduction codes that will be discontinued in PayServ v 9.2 for Optional Retirement Plans (ORP), the … new deduction codes based on Benefit Plans in v 9.2. New arrears deductions will be created to correspond to the new … PIP-011, Changes to Savings Plans in PayServ 9.2 and the included crosswalks when reviewing or entering Savings Plans. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-016-new-and-changing-deduction-codes-payserv-92Payroll Improvement Project Bulletin No. PIP-011
… Information on all deduction code changes is covered in Payroll Bulletin PIP-016, New and Changing Deduction Codes in … Questions regarding this bulletin may be directed to the Payroll Improvement Project mailbox. Please include Bulletin …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-011-changes-savings-plans-payserv-92NY ABLE Program Helps New Yorkers With Disabilities and Their Families Cover Costs
… with disabilities maintain their health, independence and quality of life. New York State Comptroller Thomas P. DiNapoli, Assemblywoman Aileen M. Gunther and parents and advocates discussed the program today at a … their eligibility for many important disability-related benefits." The NY ABLE legislation was signed into law in …
https://www.osc.ny.gov/press/releases/2017/10/ny-able-program-helps-new-yorkers-disabilities-and-their-families-cover-costsNYSARC, Inc.– NYC Chapter: Compliance With the Reimbursable Cost Manual
… June 30, 2015, NYSARC reported approximately $61.8 million in reimbursable costs for the SED cost-based programs. During … fiscal years ended June 30, 2015, we identified $1,311,070 in reported costs that did not comply with the RCM’s … be disallowed. These ineligible costs included $791,114 in personal service costs and $519,956 in other than personal …
https://www.osc.ny.gov/state-agencies/audits/2018/11/21/nysarc-inc-nyc-chapter-compliance-reimbursable-cost-manualOversight of Chronic Absenteeism
… 2,630,000 K–12 public school students enrolled in New York State. Key Findings The Department has taken steps to address chronic absenteeism in New York school districts, by encouraging school personnel … identified discrepancies between student attendance data in the Department’s system and data provided by individual …
https://www.osc.ny.gov/state-agencies/audits/2018/09/18/oversight-chronic-absenteeismBirch Family Services, Inc. – Compliance With the Reimbursable Cost Manual
To determine whether the costs reported by Birch Family Services Inc on its Consolidated Fiscal Reports were reasonable necessary directly related to
https://www.osc.ny.gov/state-agencies/audits/2017/12/20/birch-family-services-inc-compliance-reimbursable-cost-manualCUNY Bulletin No. CU-398
… earnings." Affected Employees CUNY employees in the title of Maintenance Worker (CUNY) Background The rate … rate chart and additional information are contained in a memorandum dated December 15, 2009 from Carmelo Batista, Jr. Effective Date(s) Increases may be submitted in Pay Period 23C (Institution), paychecks dated 2/11/2010. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-398-retroactive-rate-increases-maintenance-workers-cunyState Comptroller DiNapoli Releases Municipal & School Audits
… the district’s use of two central network management tools for over 10 years has created security concerns due to lack … were at the lowest possible cost or ensure that invoices for electricity usage were accurate. Had officials monitored … were not board approved. Furthermore, bank reconciliations for 15 of the 36 months reviewed were not performed, and the …
https://www.osc.ny.gov/press/releases/2023/09/state-comptroller-dinapoli-releases-municipal-school-audits-1Fare Evasion (Follow-Up)
… City Transit (Transit) and MTA Bus. Transit is responsible for operating the subways and the majority of public bus … Transit’s Division of Operations Planning is responsible for generating random samples of subway stations for traffic checkers to observe and record whether passengers …
https://www.osc.ny.gov/state-agencies/audits/2023/06/22/fare-evasion-followCUNY Bulletin No. CU-689
… Engineer. This determination covers the period of July 1, 2017 through February 28, 2021. The determination provides … pay rate increases to the hourly rates effective July 1, 2017, July 1, 2018 and August 1, 2019. The revised rate chart and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-689-cuny-retroactive-pay-rate-increases-oiler-stationaryCity of Utica – Parking Violation Enforcement and Collection (2015M-219)
… April 30, 2015. Background The City of Utica is located in Oneida County and has a population of approximately … have not effectively segregated parking violation duties in the Department or implemented compensating controls such …
https://www.osc.ny.gov/local-government/audits/city/2015/12/18/city-utica-parking-violation-enforcement-and-collection-2015m-219Medicaid Overpayments for Out-of-State Ambulatory Surgery Services (Follow-Up)
… in our initial audit report, Medicaid Overpayments for Out-of-State Ambulatory Surgery Services (Report … was appropriately paying out-of-state providers for ambulatory surgery services provided to New York State Medicaid recipients. For the period from April 16, 2004 through June 30, 2009, …
https://www.osc.ny.gov/state-agencies/audits/2013/01/10/medicaid-overpayments-out-state-ambulatory-surgery-services-followIslip Terrace Fire District – Claims Audit and Payroll (2015M-49)
… Purpose of Audit The purpose of our audit was to examine the District’s claims audit … The Islip Terrace Fire District is a district corporation of the State, distinct and separate from the Town of Islip, …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/05/29/islip-terrace-fire-district-claims-audit-and-payroll-2015m-49Town of Hempstead Industrial Development Agency and Valley Stream Union Free School District 30 – Green Acres Mall PILOT Payments (2017M-233)
… Purpose of Audit The purpose of our audit was to determine whether TOHIDA followed its policies and … when approving and administrating the Green Acres Mall and Commons development projects and whether District 30 … $1.8 million in excess revenue and an unnecessary increase to class 1 (residential) 2016-17 tax rates. Key …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2017/12/19/town-hempstead-industrial-development-agency-and-valleyReview of Collecto, Inc
… and properly supported. Background Downstate contracts with Collecto for debt collection services.Under the $2.5 … desk procedures to ensure staff do not approve vouchers with duplicate billings. In addition, SUNY Downstate is working with their Counsel’s Office and Collecto to review and amend …
https://www.osc.ny.gov/state-agencies/audits/2016/06/30/review-collecto-incNiagara Falls Water Board – Financial Management (2015M-141)
… if the Board is managing the Water Board’s finances in accordance with the governing agreements and New York … are public benefit corporations which were created in 2002 by a special act of the New York State Legislature. … that Water Board and Water Authority finances are managed in accordance with the terms of the governing agreements, …
https://www.osc.ny.gov/local-government/audits/public-authority/2016/03/18/niagara-falls-water-board-financial-management-2015m-141Brighton Fire District – Non-Payroll Disbursements (2020M-133)
… further safeguard transactions. Key Recommendations Comply with competitive bidding statutes and the District’s … control deficiencies. District officials disagreed with some of our findings but indicated they have implemented …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/04/23/brighton-fire-district-non-payroll-disbursements-2020m-133Village of Liberty – Budget Review (B4-14-9)
… any supporting justification. The proposed budget complies with the tax levy limit. Key Recommendations Include a tax … the budgeted sewer rents revenue amount to be consistent with current year usage adjusted for the change in rates. … …
https://www.osc.ny.gov/local-government/audits/village/2014/04/16/village-liberty-budget-review-b4-14-9