Search
State Comptroller DiNapoli Releases Municipal & School Audits
… local government and school audits were issued. Village of Mexico – Financial Management (Oswego County) The board … a fund balance policy and maintained an excessive level of unassigned surplus fund balance in the general fund with … $839,530 and $1.1 million, or between 109% and 124% of the ensuing year’s budget. The board did not consider …
https://www.osc.ny.gov/press/releases/2024/02/state-comptroller-dinapoli-releases-municipal-school-audits-0DiNapoli: Wall Street Bonuses Rose Sharply in 2009
… industry employees rose by 17 percent to $20.3 billion in 2009, according to an estimate released today by State … industry profits could exceed an unprecedented $55 billion in 2009, nearly three times greater than the previous all-time record. In 2008, the industry lost a record $42.6 billion. “Wall …
https://www.osc.ny.gov/press/releases/2010/02/dinapoli-wall-street-bonuses-rose-sharply-2009Syracuse City School District – Information Technology (2025M-129)
… attackers and other unauthorized individuals, and the lack of a contingency plan can paralyze a school district’s … protecting the entire school district community. As of November 15, 2024, the District had 6,386 enabled … not adequately manage nonstudent network user accounts. As of November 15, 2024, 488 of the District’s 6,386 enabled …
https://www.osc.ny.gov/local-government/audits/school-district/2026/02/20/syracuse-city-school-district-information-technology-2025m-129DiNapoli: NYC Budget Is Balanced but Risks Loom As Fiscal and Economic Concerns Grow
… City’s adopted $119.7 billion fiscal year (FY) 2026 budget is currently balanced (including pre-payments) but there are … position and discretionary programs if greater preparation is not taken, according to a report released today by State … and the risk of its lasting consequences, the city is vulnerable to reductions both in federal spending and …
https://www.osc.ny.gov/press/releases/2025/08/dinapoli-nyc-budget-balanced-risks-loom-fiscal-and-economic-concerns-growCost-Saving Ideas: Capital and Repair Reserve Funds for Town or County Water and Sewer Districts
… saving incrementally can help reduce the financial impact of such expenses on your annual budget. Establishing and … fund finances construction, reconstruction or acquisitions of capital improvements or equipment acquisitions. There are two forms of capital reserve funds: Specific capital improvement , such …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-capital-and-repair-reserve-funds-town-or-county-water-and-sewer-districtsComptroller DiNapoli Releases Municipal Audits
… on her personal computer. The bookkeeper collects, records and deposits receipts and makes online transfers without … a review of timecards for office staff and supervisors. In addition, village officials do not review the payroll … recorded in the system for each deposit generally agreed with the total amount deposited, auditors identified seven …
https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-releases-municipal-auditsDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… of Ukraine has sent shockwaves through the financial world with repercussions that are ongoing. With inflation and supply chain issues continuing to impact … by investment results over a multi-year period along with numerous other actuarial assumptions, including wage …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnIT Security Fundamentals – Information Technology Governance
… CIA Triad The CIA triad refers to an information security model comprised of three main components: confidentiality, … of information security. The CIA triad is a well-known model in information security development. It is applied in … or weaknesses and to establish security solutions. The model is an industry standard with which most IT …
https://www.osc.ny.gov/local-government/publications/it-governance/it-security-fundamentalsComptroller DiNapoli Releases Municipal Audits
… following local government audits have been issued. Town of Chateaugay – Real Property Tax Exemption Administration (Franklin County) Of the 224 granted exemptions reviewed (approximately $6.2 million of assessed value), 136 exemptions (61 percent), …
https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-releases-municipal-audits-0NYC Budget Is Balanced but Risks Are Growing
… The New York City Mayor’s preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in … in FY 2023. The gaps reflect the cost of wage increases for the municipal work force, higher costs for debt service … The New York City Mayors preliminary executive budget for FY 2020 is balanced but there are risks including …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingTier 1 Death Benefits – Basic Plan with Increased-Take-Home-Pay (ITHP)
… Benefit This benefit is equal to 1/12th (8.33 percent) of your last year’s earnings, multiplied by your years of service credit up to 36 years. Alternative Death Benefit … to pay your pension if you had retired on the date of your death. This benefit frequently is larger than the …
https://www.osc.ny.gov/retirement/publications/1511/tier-1-death-benefitsDiNapoli: Comcast Agrees To Disclose Political Spending
… Thomas P. DiNapoli announced today a shareholder agreement with media and technology company Comcast Corp. to disclose … leading issues – corporate political disclosure. The agreement with Comcast commits the company to comprehensive … Thomas P DiNapoli announced today a shareholder agreement with media and technology company Comcast Corp to …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-comcast-agrees-disclose-political-spendingState Comptroller DiNapoli Releases State Audits
… organization located in Buffalo offers a range of preschool special education services to children with disabilities from birth to five years of age. For the fiscal year ended June 30, 2014, auditors … special education programs. New York City Department of Finance: Reporting of Billboard Income (Follow-up) …
https://www.osc.ny.gov/press/releases/2016/11/state-comptroller-dinapoli-releases-state-auditsDiNapoli: Local Sales Tax Collections in August Grew More Than 15 Percent
… of last year. “New York’s local governments continue to see much stronger collections in 2021 compared to last year when the pandemic kept people home,” DiNapoli … will impact the economy. Local governments must continue to monitor changing economic conditions and maintain …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-local-sales-tax-collections-august-grew-more-15-percentProcurement and Contracting in New York
… Year 2018 Calendar Year 2017 Procurement Stewardship Act Report The Office of the State Comptroller (OSC) is required … PDF ) BID Protest Determinations Annual Employment Reports for Consultant Contracts ( Form A ) ( Form B ) You can … Contracting Annual Report provides information on the number of not-for-profit contracts approved timely and …
https://www.osc.ny.gov/state-agencies/contractsRetiring Before Age 62 – Career Plan
… Tier 2, 3, 5 and 6 members who retire before age 62 will have their … Career Plan information for PFRS Tier 1 2 3 Article 11 5 and 6 members covered by Article 11 Sections 375h and 375i Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Retiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits
… Benefits information for PFRS Tier 1 2 3 Article 11 5 and 6 members under Section 375e Retiring Before Age 62 …
https://www.osc.ny.gov/retirement/publications/1513/retiring-age-62Retiring Before Age 62 – Police and Fire Plan
… reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age at retirement. Age at Retirement Percentage of Reduction 55 27 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It …
https://www.osc.ny.gov/retirement/publications/1512/retiring-age-62Partial Lump Sum Payment – State Police Plan
… Eligible PFRS members can elect to receive a partial lump sum (PLS) payment at retirement. If you elect a PLS payment, your monthly benefit will be … you must: Retire under a special 20- or 25-year plan; Have been eligible to retire with a service retirement …
https://www.osc.ny.gov/retirement/publications/1518/partial-lump-sum-paymentDiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances
… Stronger-than-anticipated revenue and savings initiatives will allow New York City to maintain … challenges, including costs to assist asylum seekers and fiscal cliffs for several programs. Given current reserve levels, budget risks, and an uncertain economy, the city should leverage short-term …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-strong-tax-collections-and-new-savings-initiatives-boost-nycs-short-term-finances