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DiNapoli: Wall Street Bonuses Declined in 2010
… by nearly 8 percent to $20.8 billion in 2010, about one third less than paid out in 2007 before the financial … reforms, such as a shift toward deferred compensation and higher base salaries. Wall Street profits totaled $27.6 … Wall Street profitability, totaled $27.6 billion in 2010, making 2010 the second most profitable year on record after …
https://www.osc.ny.gov/press/releases/2011/02/dinapoli-wall-street-bonuses-declined-2010DiNapoli: Too Many Subway Stations Need Repairs
… stations were free of defects, and just 1-in-4 had most or all of their station components in good repair. “New York … of the transit system.” DiNapoli’s office examined data from New York City Transit (NYCT), a subsidiary of the … the past three decades, NYCT had renovated 241 stations from top-to-bottom at a cost of $4.5 billion. However, NYCT …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-too-many-subway-stations-need-repairsThe Changing Face of Post-Pandemic New York City
… and after the COVID-19 pandemic are changing the face of New York City and highlight significant policy implications … making today,” DiNapoli said. “In the pandemic’s wake, we see an altered population and it raises longstanding concerns …
https://www.osc.ny.gov/press/releases/2023/12/changing-face-post-pandemic-new-york-cityDiNapoli: State Needs to Better Protect Water Supply Infrastructure Against Natural Disasters, Cyberattacks and Terrorism
… had submitted plans, a number of them were over a decade old and some had never submitted a CVA. The review of the 317 … had out-of-date ERPs, including 15 that were over a decade old. 33 water systems (10%) had out-of-date VAs, including 16 over a decade old. 30 water systems (9% of those audited) did not have …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-state-needs-better-protect-water-supply-infrastructure-against-natural-disastersDiNapoli: External Risks Threaten NYC Budget
… creating added uncertainty. The repeal of the ACA could result in 1.1 million city residents losing Medicaid … have also weakened. Last year, collections grew by 3.2 percent, less than half the average gain during fiscal … in FY 2019, $2.5 billion in FY 2020 and $1.8 billion in FY 2021. Still, the gaps are relatively small as a share of city …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-external-risks-threaten-nyc-budgetDebt – 2021 Financial Condition Report
… for capital purposes. It also authorized issuing debt for MTA purposes in excess of the 30-year maximum term limit, up …
https://www.osc.ny.gov/reports/finance/2021-fcr/debtState Comptroller DiNapoli Releases Municipal Audits
… injury, which resulted in an overpayment of his health and dental premiums of $6,411. The 2018 and 2019 leave balances … adequate written IT policies or a written IT contingency plan. Officials did not adequately manage local user …
https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-dinapoli-releases-municipal-auditsOpinion 95-18
… or statutory amendments that bear on the issues discussed in the opinion. CEMETERIES -- Fees (authority to impose one-time maintenance fee in connection with operation of village-owned cemetery) … and Duties (authority to impose one-time maintenance fee in connection with operation of village-owned cemetery) LOCAL …
https://www.osc.ny.gov/legal-opinions/opinion-95-18Opinion 88-71
… charges arising from the nonpayment of water rents. You indicate that the city's code provides for the imposition … number of residents from forms filed by property owners. You state that an owner of an apartment complex in the city … pay his water bill pending the resolution of the dispute. You inform us that the unpaid water rents have not yet been …
https://www.osc.ny.gov/legal-opinions/opinion-88-71Opinion 88-9
… to the board of commissioners authority to conduct all further proceedings thereon pursuant to article 12. … time when and place where the town board will meet to hear all interested persons (Town Law, §202-b[1]). After holding … the separate board of commissioners authority to conduct all further proceedings thereon pursuant to article 12 of the …
https://www.osc.ny.gov/legal-opinions/opinion-88-9What is the Real Property Tax Cap?
… districts can increase the tax levy (the total amount of property taxes billed) to the lower of two percent or the rate of inflation. (Individual property tax bills are based on …
https://www.osc.ny.gov/local-government/property-tax-cap/what-real-property-tax-capQuogue Union Free School District – Financial Condition Management (2017M-196)
… The Quogue Union Free School District is located in the Town of Southampton in Suffolk County. The District, which is governed by a Board …
https://www.osc.ny.gov/local-government/audits/school-district/2017/12/01/quogue-union-free-school-district-financial-condition-management-2017mCleveland Hill Union Free School District – Financial Management (2017M-235)
… with the statutory limit and develop a plan to use excess funds in a manner that benefits District residents. Transfer any excess reserve funds to unrestricted fund balance (where allowed by law) or …
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/02/cleveland-hill-union-free-school-district-financial-management-2017m-235City of Glen Cove – Financial Condition, Claims Processing and Payroll (2017M-210)
… Purpose of Audit The purpose of our audit was to review the City’s financial condition, claims processing … on nonrecurring revenues, debt and interfund transfers to balance budgets and meet normal operating expenditures. … transfers are in compliance with the City’s charter and do not exceed fund surplus amounts. Ensure a deliberate and …
https://www.osc.ny.gov/local-government/audits/city/2018/01/12/city-glen-cove-financial-condition-claims-processing-and-payroll-2017m-210Conesus No. 1 Fire District – Internal Controls (2014M-46)
… of the procurement and investment policies, timely annual audits and the use of reserve funds. Prepare formal written …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/16/conesus-no-1-fire-district-internal-controls-2014m-46Onondaga Central School District - Financial Condition Management and Fuel Records (2018M-181)
… report - pdf] Audit Objective Determine whether the Board and District officials: Effectively managed the District’s … Ensured that the District’s fuel records were accurate and all fuel was accounted for. Key Findings The Board has … Recommendations Closely monitor unrestricted fund balance and reserves to ensure balances remain reasonable. Adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2018/12/07/onondaga-central-school-district-financial-condition-management-and-fuelBrewster-Southeast Joint Fire District - Recordkeeping and Procurement (2018M-86)
… District financial activities were properly recorded and reported. District officials solicited competition for … bank account balance was understated by more than $377,000 and the capital reserve balance was overstated by $200,790. … services. Key Recommendations Ensure that cash and other accounts are accurately reconciled and recorded in …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/08/03/brewster-southeast-joint-fire-district-recordkeeping-and-procurement-2018mCity of Albany Industrial Development Agency - Project Approval and Monitoring (2018M-65)
… were not met. Key Findings The City of Albany Industrial Development Agency (CAIDA) did not incorporate goals into … in the IDA’s response letter. … City of Albany Industrial Development Agency Project Approval and Monitoring 2018M65 …
https://www.osc.ny.gov/local-government/audits/city/2018/09/21/city-albany-industrial-development-agency-project-approval-and-monitoring-2018m-65Oakfield Fire Department – Apparent Misuse of Funds (2014M-187)
… 2014. Background The Oakfield Fire Department is located in the Village of Oakfield in Genesee County. The Department, which is governed by an … of the Department’s financial operations, which resulted in the misuse of funds and unaccounted-for raffle proceeds. …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/02/03/oakfield-fire-department-apparent-misuse-funds-2014m-187More About This Retirement Plan – New Career Plan
… are provided by Sections 375-h and 375-i of the New York State Retirement and Social Security Law (RSSL) as enacted by the New York State Legislature. PFRS members employed by the city of … and “Articles” that refer to the RSSL. The New York State and Local Retirement System, headed by the Comptroller …
https://www.osc.ny.gov/retirement/publications/1515/more-about-retirement-plan