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DiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter
… P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was … is well-positioned to handle any market fluctuations. Our pensioners, members and beneficiaries can remain confident that their benefits are safe thanks to our prudent management and long-term perspective.” The Fund's …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarterDiNapoli: Local Sales Tax Collections Grow by 1.5% in April Compared to Last Year
… Local sales tax collections in New York state increased by 1.5% in April compared to the … and Finance, and the amounts are based on estimates of what each municipality is due. In the third month of each … so that the quarter as a whole reflects reported sales by vendors. The next quarterly numbers (for April to June) will …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-local-sales-tax-collections-grow-1.5-percent-in-april-compared-last-yearTown of Coeymans – Recordkeeping and Cash Disbursements (2013M-186)
… internal controls over selected Town financial operations for the period January 1, 2011, to September 30, 2012. … The Town of Coeymans is located in Albany County and has a population of approximately 7,400 residents. The Town is … there is no comparison between the abstracts and checks when they are signed. The Town’s payroll-processing …
https://www.osc.ny.gov/local-government/audits/town/2013/10/04/town-coeymans-recordkeeping-and-cash-disbursements-2013m-186Village of Aurora – Treasurer’s Duties and Information Technology (2014M-107)
… Purpose of Audit The purpose of our audit was to review the Village’s financial and information technology operations … Budget appropriations for the general, water and sewer funds in 2013-14 were approximately $651,100 funded primarily …
https://www.osc.ny.gov/local-government/audits/village/2014/08/29/village-aurora-treasurers-duties-and-information-technology-2014m-107Town of Dunkirk – Justice Court (2013M-106)
… internal controls over the Court’s financial operations for the period January 1, 2012, through March 15, 2013. … Key Recommendations Prepare an accountability analysis for all moneys held by the Court on a monthly basis. …
https://www.osc.ny.gov/local-government/audits/town/2013/06/28/town-dunkirk-justice-court-2013m-106IV.5.B Bond and Debt Proceeds – IV. Accounting Codes - Uses and Descriptions
… of general obligation bonds and short-term notes issued in the form of commercial paper or Bond Anticipation Notes … Issued Proceeds from the sale of a refunding bond issuance in which new bonds are sold at a lower rate than outstanding … of general obligation bonds and shortterm notes issued in the form of commercial paper or Bond Anticipation Notes …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv5b-bond-and-debt-proceedsComptroller DiNapoli Releases Municipal Audits
… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … of claims by resolution, but instead allowed claims to be paid before its meetings after approval by any three commissioners. The board needs to improve controls over payroll to ensure that pay rates are …
https://www.osc.ny.gov/press/releases/2015/06/comptroller-dinapoli-releases-municipal-audits-1Comptroller DiNapoli Releases Municipal Audits
… , Mechanicville Housing Authority , Village of Old Brookville , Town of Pamelia and the Tompkins County Public … generate and review audit trail reports. Village of Old Brookville – Cash Receipts (Nassau County) Receipts were not …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-municipal-audits-1State Comptroller DiNapoli Releases Municipal Audits
… and failed to use most of the appropriated fund balance for operations. Auditors determined the board did not … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2020/08/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal Audits
… balance decreased by $642,000 (63 percent) from 2014-15 to 2018-19. The general and sewer funds had operating … of fund balance during this period that was not needed to fund operations. The board has not adopted a fund balance … policy or multiyear financial and capital plans. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/07/state-comptroller-dinapoli-releases-municipal-audits-0DiNapoli: Priceline Commits to Improve Gender and Racial Diversity on its Board of Directors
… racial diversity among the qualities it will actively seek in its board members. When the Fund filed its request for … board diversity, the company had just one female director. In January, it added a second female director to its now … Retirement Fund is the third largest public pension fund in the United States with estimated assets of $178.3 billion …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-priceline-commits-improve-gender-and-racial-diversity-its-board-directorsNew York State Comptroller Thomas P. DiNapoli Statement on NYC Finances
… risks requires the city to continue to identify areas for revenue enhancement, cost efficiencies and savings, track … a reserve policy that systematizes how it builds up funds for a rainy day. Report Review of the Financial Plan of the …
https://www.osc.ny.gov/press/releases/2022/09/new-york-state-comptroller-thomas-p-dinapoli-statement-nyc-financesState Agencies Bulletin No. 331
… will be created when a change has been made on the Garn Spec panels to the Weekly Deduction Amount, Account Number … start date of the garnishment, refer to Paycheck or Garn Spec panels. For assistance in addressing employee inquiries, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/331-new-reveal-reports-replace-garnishment-notification-lettersImproper Medicaid Payments During Permissible Overlapping Medicaid and Essential Plan Coverage (Follow-Up)
… of implementation of the two recommendations included in our initial audit report, Medicaid Program: Improper … between Medicaid and the Essential Plan, resulting in DOH-authorized periods of overlapping coverage. The … The audit found Medicaid improperly paid $93.7 million in claims during periods of overlapping Medicaid and …
https://www.osc.ny.gov/state-agencies/audits/2025/06/04/improper-medicaid-payments-during-permissible-overlapping-medicaid-and-essential-planMedicaid Program – Impact of Rejected Encounters on the Collection of Drug Rebates
… submit rebate invoices to drug manufacturers. Key Findings For the period from January 2018 through March 2023, we … system controls. We found that DOH does not have a process for performing detailed reviews of rejected encounter claim …
https://www.osc.ny.gov/state-agencies/audits/2024/12/23/medicaid-program-impact-rejected-encounters-collection-drug-rebatesOutreach Events
… this goal, the Comptroller’s Outreach Program participates in a variety of public events across the State. People can … NY Onondaga Contact us to request our participation in your organization’s local community event or virtual event …
https://www.osc.ny.gov/unclaimed-funds/outreach-eventsNew York State Comptroller DiNapoli and New York City Retirement Systems and Pension Funds Announce Appointment as Lead Plaintiffs in Wynn Resorts Shareholder Lawsuit
… and Pension Funds have been appointed co-lead plaintiffs in a derivative lawsuit filed against certain officers and … employees to perform sex acts, allegations detailed in a January 26, 2018 Wall Street Journal exposé revealing … and CEO of Wynn Resorts and sold all of his stock holdings in the company he named after himself. "I am pleased that the …
https://www.osc.ny.gov/press/releases/2018/05/new-york-state-comptroller-dinapoli-and-new-york-city-retirement-systems-and-pension-funds-announceComptroller DiNapoli Releases November Cash Report
… Total receipts through the first eight months of the fiscal year totaled $95.7 billion, $1.9 billion higher … “As has been the case throughout the year, the state is in a favorable cash position,” said DiNapoli. “Additional …
https://www.osc.ny.gov/press/releases/2015/12/comptroller-dinapoli-releases-november-cash-reportOpinion 93-11
… WORDS AND PHRASES -- "Outstanding Indebtedness" (meaning for purposes of General Municipal Law, §109-b[6][c]) GENERAL … purchase contract is deemed to be existing indebtedness for purposes of determining the political subdivision's power … art VIII, §4). Section 104.00(a) defines "indebtedness", for purposes of calculating the limitations under that …
https://www.osc.ny.gov/legal-opinions/opinion-93-11State Agencies Bulletin No. 1003
… Purpose To re-state Payroll Certification procedures and provide a revised Payroll … that the transactions entered into the OSC payroll system (PAYSERV) represent work performed and that payments … In accordance with state internal controls and risk management, OSC mandates a new Certification Form be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1003-payroll-certification-legal-obligations