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XII.4.B.1 Supporting Information – XII. Expenditures
… SECTION OVERVIEW The purpose of this section is to provide guidance to assist agencies in determining whether claims for payment from vendors and state employees are appropriate to pay prior to certifying the claims to the Comptroller. … The purpose of this section is to provide guidance to assist agencies in determining whether …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii4b1-supporting-informationNew York City Tourism Industry Hit Hard by Pandemic, Visitor Spending Drops by 73%
… prior year, which will cost the city $1.2 billion in lost tax revenues in City Fiscal Year (CFY) 2021. “The tourism … the city. Industry Relief and Outlook The most substantial federal relief program to aid businesses was the Paycheck … and hotels (11.7 percent). Significant standalone federal grants programs have also been created for …
https://www.osc.ny.gov/press/releases/2021/04/new-york-city-tourism-industry-hit-hard-pandemic-visitor-spending-drops-73DiNapoli Releases Economic Report on the Bronx
… the gains it has made in recent years. “More than a year of sustained damage caused by the COVID-19 pandemic has … that time, the borough’s immigrant population rose by 38.8 percent. From 2017 through 2019 the overall population saw … Rates Death Rates Hispanic or Latino 9,315 1,414 375 White 8,003 1,062 248 Asian American and Pacific Islander 7,252 …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-releases-economic-report-bronxInspector General
… Executive Order established the Office of the Inspector General and empowered it to prevent, detect and deter … and within the NYS Common Retirement Fund. The Inspector General vigorously investigates and pursues any allegations … a.m. to 4:00 p.m., to reach the Office of the Inspector General. To report fraud outside of OSC: 1-888-672-4555 …
https://www.osc.ny.gov/common-retirement-fund/resources/inspector-generalFood Insecurity Persists Post-Pandemic
… average three calendar years of data. Source: USDA reports on Household Food Security in the United States, 2014 – 2022, … and higher Supplemental Nutrition Assistance Program (SNAP) benefits. Another likely explanation for the increase is food price inflation. Other factors could include changes …
https://www.osc.ny.gov/reports/food-insecurity-persists-post-pandemicLife Changes: Applying for Disability Retirement
… A Message from Comptroller Thomas P. DiNapoli No one likes to think they may become permanently disabled, but the truth … can happen to anyone at any time. If you become disabled, and cannot perform the duties of your position, it will be … for you to learn about the benefits you could receive and how to apply for those benefits. This booklet describes …
https://www.osc.ny.gov/retirement/publications/life-changes-applying-disability-retirementThe Importance of Responsible Debt Management: Poor State Bond Structuring Choices Lead to Greater Costs for Taxpayers
In the throes of the economic uncertainty and fiscal turbulence caused by the COVID crisis, legislation was enacted as part of the SFY 2021-22 budget authorizing the use of State-supported bonding with final maturities up to 50 years for capital purposes for the MTA.
https://www.osc.ny.gov/files/reports/pdf/importance-of-responsible-debt-management.pdfCybersecurity Web Series Week 2 – IT Contingency Planning – Oops! What now?
This session will expand on one of the key areas within a comprehensive cybersecurity program: IT Contingency Planning. We will define IT Contingency Planning as a means to avoid costly delays in getting your government or school operations back up and running as quickly as possible.
https://www.osc.ny.gov/files/local-government/academy/pdf/cybersecurity-week-2-10-12-2021.pdfAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (2021-F-3) 30-Day Response
To follow up on the actions taken by officials of the Department of Motor Vehicles to implement the recommendations contained in our audit report Allocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-21f3-response.pdfDiNapoli: Audit of State Agencies Recommends Better Tracking of Food Purchases From Local Farmers
… how much the state was spending on food," DiNapoli said. "My auditors found the implementation of the program needed …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-audit-state-agencies-recommends-better-tracking-food-purchases-local-farmersState Comptroller DiNapoli Releases School Audits
… and effectively.” Central Square Central School District – Claims Auditing (Oswego County) Although the district’s claims auditing policy contains provisions related to the … recalculated fund balance exceeded the statutory limit ranging from 19 to 21 percent for the five-year period. …
https://www.osc.ny.gov/press/releases/2016/12/state-comptroller-dinapoli-releases-school-auditsCUNY Bulletin No. CU-601
… who is inactive at the time the benefit is applied. As a result, the deficiency will automatically be recovered …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-601-prepaid-legal-service-benefit-cuny-employeesRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… a formal investment policy, if you haven’t already, to guide your local government or school district in making … Additional Resources Cash Management Technology [pdf] Fiscal Oversight Responsibilities of the Governing Board [pdf] Updated 2021 …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsComptroller DiNapoli & A.G. Schneiderman Announce Guilty Plea of Nelson Rivera in Bid-rigging Case
… Director of the Monroe County Water Authority. The men were charged in the indictment with a scheme to rig the …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-ag-schneiderman-announce-guilty-plea-nelson-rivera-bid-rigging-caseDiNapoli Releases Climate Action Plan
… Thomas P. DiNapoli today released a Climate Action Plan to protect and invest the assets of the $210 billion New York State Common Retirement Fund (Fund). The plan lays out a path for the Fund to further address climate … Thomas P DiNapoli today released a Climate Action Plan to protect and invest the assets of the $210 billion New …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-releases-climate-action-planDiNapoli: Jury Convicts Councilman Ruben Wills in Public Corruption Scheme
… friends. New Yorkers deserved better. Today's conviction is another important step in our efforts to clean up New York …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-jury-convicts-councilman-ruben-wills-public-corruption-schemeState Comptroller DiNapoli Releases Municipal Audits
… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … The justices correctly reported financial activities to the Justice Court Fund on a monthly basis. However, they … not adequately monitor adopted budgets and allowed them to be over-expended each year. Auditors also found that …
https://www.osc.ny.gov/press/releases/2017/07/state-comptroller-dinapoli-releases-municipal-audits-0Aid and Incentives for Municipalities (AIM) and Temporary Municipal Assistance (TMA)
… AIM In each State fiscal year, the Aid and Incentives for Municipalities (AIM) program provides state aid to all of New York’s cities … City), and towns, as well as nearly all* villages. While AIM payments to cities are made at various times throughout … Find information on Aid and Incentives for Municipalities AIM …
https://www.osc.ny.gov/local-government/data/aid-and-incentives-municipalities-aim-and-temporary-municipal-assistance-tmaState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… the long-term assumed rate of return on investments from 7 percent to 6.8 percent, anticipating a lower return … rate for PFRS will increase by 0.9 percent, from 23.5 percent to 24.4 percent of payroll. NYSLRS is made up of … changed. In 2010, he decreased the rate from 8 percent to 7.5 percent, and in 2015 to 7 percent. The median assumed …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredCUNY Bulletin No. CU-627
… To inform agencies of the processing of the 2018 Prepaid Legal Service Benefit. Affected Employees Employees, as … certain fringe benefits including employer-funded group legal service benefits are considered taxable income. … OSC Actions OSC will automatically apply the Prepaid Legal Service Benefit for the 2018 calendar year for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-627-prepaid-legal-service-benefit-cuny-employees