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DiNapoli: Wall St. 2021 Profits near Record Levels
Wall Streets run of prosperity extended into the first half of 2021 with $31 billion in pretax earnings beating 2020s outsized first half profits of $276 billion even as job losses accelerated in New York Citys securities industry according to State Comptroller DiNapolis annual report
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-wall-st-2021-profits-near-record-levelsDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… underwriting and securities activities, which were at, or near, record levels last year. Equity offerings in 2022 were …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsXIII.6 Potential Tax Consequences of Assigning an Incorrect Official Station – XIII. Employee Expense Reimbursement
… official station are determined. Under Internal Revenue Service (IRS) rules, the location for a tax home is generally …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii6-potential-tax-consequences-assigning-incorrect-official-stationState Agencies Bulletin No. 1927
… checked for rehired retirees. Please see Payroll Bulletin No. 1728 for further details on the New York Retiree … follow the Agency Actions identified in Payroll Bulletin No. 1786 Non-Negotiated and/or Undeliverable New York State … State Agencies Bulletin No 1927 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1927-april-2020-managementconfidential-mc-performance-advancesCost-of-Living Adjustment – Special 20- and 25-Year Plans
… each year. This cost-of-living adjustment (COLA) — subject to pension caps and limitations — is 50 percent of the … your benefit). The adjustment percentage is applied only to the first $18,000 of your Single Life Allowance, even if … a pension payment option that pays a lifetime benefit to your beneficiary and if the beneficiary is your spouse, …
https://www.osc.ny.gov/retirement/publications/1517/cost-living-adjustmentOffice of the State Comptroller Response to Report Issued Today by the Department of Financial Services
… DiNapoli's Communications Director Jennifer Freeman made the following statement today: "It's disappointing and shocking that a regulator … to our office five minutes before it was provided to the press. If the agency had reached out to our investment …
https://www.osc.ny.gov/press/releases/2016/10/office-state-comptroller-response-report-issued-today-department-financial-servicesAccounts Payable Advisory No. 11
Business Units must not combine Citibank payments
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/11-separate-payments-citibankOtsego County – Cost of Temporary Housing (2015M-97)
… temporary housing costs per capita and average cost per night are higher than in four neighboring counties. Key …
https://www.osc.ny.gov/local-government/audits/county/2016/01/22/otsego-county-cost-temporary-housing-2015m-97Village of Afton – Board Oversight (2018M-28)
… amount of fund balance that should be maintained to meet the Village’s needs. Segregate the Clerk-Treasurer’s …
https://www.osc.ny.gov/local-government/audits/village/2018/05/04/village-afton-board-oversight-2018m-28Town of Colden – Highway Operations (2017M-127)
… Purpose of Audit The purpose of our audit was to review highway department operations for the period … management policy. The Superintendent did not keep up-to-date maintenance logs for the department’s fleet of …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-colden-highway-operations-2017m-127Voorheesville Central School District – Extra-Classroom Activities (2017M-181)
… Purpose of Audit The purpose of our audit was to determine whether District officials properly accounted … requests are adequately supported and approved prior to disbursing ECA funds. Ensure that student treasurers …
https://www.osc.ny.gov/local-government/audits/school-district/2017/12/08/voorheesville-central-school-district-extra-classroom-activities-2017mPine City Fire District No. 1 – Board Oversight (2017M-166)
… ensured that financial activity was properly recorded and reported and that District money was safeguarded for the period … No. 1 is a district corporation of the State, distinct and separate from the Town of Southport in Chemung County. …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/12/01/pine-city-fire-district-no-1-board-oversight-2017m-166Rutland Fire District – Board Oversight (2017M-262)
… Purpose of Audit The purpose of our audit was to determine whether the Board provided adequate oversight of … is a district corporation of the State, separate from the Town of Rutland in Jefferson County. The District, which is … rescue services to approximately 3,060 residents over 45 square miles. Budgeted appropriations for 2017 totaled …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/02/02/rutland-fire-district-board-oversight-2017m-262Remsenburg-Speonk Union Free School District – Procurement (2017M-211)
… Purpose of Audit The purpose of our audit was to determine whether the District procured goods and services … employees use requisition forms and purchase orders prior to making purchases. …
https://www.osc.ny.gov/local-government/audits/school-district/2018/01/19/remsenburg-speonk-union-free-school-district-procurement-2017m-211City of Geneva – Financial Management (2015M-105)
… and has a population of approximately 13,200. The Common Council is the legislative and governing body. Budgeted … year amounts when producing budgets for 2012-14, and the Council, therefore, adopted unrealistic budgets. Fund balance …
https://www.osc.ny.gov/local-government/audits/city/2015/08/28/city-geneva-financial-management-2015m-105Hendrick Hudson Central School District – Financial Condition (2013M-241)
… Central School District is located in Westchester County and includes the Town of Cortlandt and part of the City of Peekskill. The District is governed … The District’s budgeted expenditures for the 2011-12 and 2012-13 fiscal years were $69.8 million and $70.6 …
https://www.osc.ny.gov/local-government/audits/school-district/2013/08/30/hendrick-hudson-central-school-district-financial-condition-2013m-241Hancock Central School District – School Lunch Operations (2015M-176)
… Board of Education. Budgeted appropriations for the school lunch fund for the 2014-15 fiscal year totaled $302,900. Key … Hancock Central School District School Lunch Operations 2015M176 …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/20/hancock-central-school-district-school-lunch-operations-2015m-176Village of Cayuga Heights – Board Oversight (2014M-292)
… was to review the Board’s oversight of Village operations for the period June 1, 2013 through June 30, 2014. Background … seven-member Village Board. Budgeted appropriations for the 2014-15 fiscal year total approximately $6.2 million. … and ensure that accounting activity in the reconciliations matches the bank and accounting records. Update the …
https://www.osc.ny.gov/local-government/audits/village/2017/11/03/village-cayuga-heights-board-oversight-2014m-292Village of Cambridge – Payroll (2015M-74)
… officials established effective internal controls over payroll for the period June 1, 2013 through December 31, … year totaled approximately $1.28 million. Key Findings Payroll duties were not adequately segregated. The Board did … to address the lack of segregation of duties within the payroll process. Ensure that all pay rates and the …
https://www.osc.ny.gov/local-government/audits/village/2015/07/03/village-cambridge-payroll-2015m-74Town of Barker – Justice Court Operations (2016M-422)
… totaling approximately $75,000. Key Findings Not all case files included documentation of the Justice's adjudication, indicating the case resolution and the amount of fines and surcharges the … without the original data being documented in the case files. Key Recommendations Verify that all case files …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/11/20/town-barker-justice-court-operations-2016m-422