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Administration and Monitoring of Financial Assistance to New York City Businesses
… and economic deterioration.” NYCIDA provides financial assistance to companies in New York City through tax waivers … benefits of $113,950. Collect the appropriate recapture or repayment amount. Of a judgmental sample of 28 projects with recapture payments, 15 had multiple recapture or repayment calculation errors. These errors resulted in a net …
https://www.osc.ny.gov/state-agencies/audits/2024/06/12/administration-and-monitoring-financial-assistance-new-york-city-businessesState Agencies Bulletin No. 2016
… field and the Approved Salary Rate field; Position and Job do not match – if the Position Number equals the NYS Position … Position Has Both Equated Grade and NTE Position and Job do not match FIS Missing FIS At or Below Current FIS Below …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2016-april-2022-public-employees-federation-pef-performance-advancesDiNapoli: NYC Tax Collections Stronger Than Anticipated
… New York City is projecting a surplus of $3.5 billion in fiscal year (FY) 2019, which it plans to … reserves to a record $5.7 billion level. The likelihood of unanticipated tax collections in the current fiscal year … could create an opportunity to further increase the size of the city’s reserves.” The city currently projects budget …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-nyc-tax-collections-stronger-anticipatedDiNapoli: April Local Sales Tax Collections Up Nearly 46 Percent From 2020
… today. Collections totaled $1.5 billion, up $464 million from April of last year. “The strong collections in April … continue to be vigilant when it comes to their finances.” Much of this spike in monthly statewide local sales taxes … by Region (for detailed monthly breakdown) Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-april-local-sales-tax-collections-nearly-46-percent-2020State Comptroller DiNapoli Releases Municipal Audits
… perform his financial duties and cannot provide support for almost $1.6 million in interfund loans. Although … did not prepare and file the annual financial reports for 2019 and 2020 with the Office of the State Comptroller in …
https://www.osc.ny.gov/press/releases/2021/09/state-comptroller-dinapoli-releases-municipal-audits-0Oversight of Construction Management Contracts (Follow-Up)
… Objective To determine the extent of implementation of the two … the State park, recreation, and historic site system to conserve, protect, and enhance the natural, ecological, …
https://www.osc.ny.gov/state-agencies/audits/2022/09/08/oversight-construction-management-contracts-followIRS Pension Limitation – State Police Plan
… Internal Revenue Code Section 401(a)(17) limits the amount of earnings that qualified pension plans, including PFRS, may use to calculate benefits. It affects members who first join on … over $290,000 from April 1, 2021 – March 31, 2022. The amount is set by federal law and is periodically adjusted …
https://www.osc.ny.gov/retirement/publications/1518/irs-pension-limitationSelected Aspects of Supporting Small Businesses
… Objectives To determine whether the New York City Department of Small Business Services … licenses and permits. SB1 also recommended the development of a comprehensive online business portal with … 2017-210, which required SBS to prepare and disseminate a survey to small business owners, the results of which would …
https://www.osc.ny.gov/state-agencies/audits/2022/10/20/selected-aspects-supporting-small-businessesSelected State Agencies’ Roles in Financial Literacy
… Not only is financial literacy critical to an individual’s financial growth and sustained well-being, as well as their … fund to cover expenses for 3 months in case of emergency (e.g., illness, job loss); and 12% of homeowners owed more on …
https://www.osc.ny.gov/state-agencies/audits/2022/09/14/selected-state-agencies-roles-financial-literacyDiNapoli: MTA Financial Outlook in Precarious Balance
… The Metropolitan Transportation Authority (MTA) has fended … brought on by the COVID-pandemic, but it is not out of the woods yet, according to a report released today by New … Comptroller’s annual report on the MTA’s finances details how the combination of higher spending, the winding down of …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-mta-financial-outlook-precarious-balanceDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… extraordinary one-time federal relief, will mostly be used to fund new spending, with a smaller portion set aside to … Review of the Financial Plan of the City of New York Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingCompliance With Payment Card Industry Standards
… designed to protect cardholder data. Entities that do not comply with PCI DSS may be subject to fines and …
https://www.osc.ny.gov/state-agencies/audits/2017/02/06/compliance-payment-card-industry-standardsCompliance With Payment Card Industry Standards
… Purpose To determine whether the Thruway Authority (Authority) … charges as toll payment. All Thruway E-ZPass customers have prepaid accounts, from which tolls are electronically … help ensure it meets PCI requirements. The Authority has not taken fundamental steps to secure its network. For …
https://www.osc.ny.gov/state-agencies/audits/2017/09/19/compliance-payment-card-industry-standardsFactors Affecting an Employer’s Annual Payment – What Every Employer Should Know
… to offer improved retirement plans or optional benefits (for example, a one-year final average earnings for police officers and/or firefighters) to their employees. For example, if an employer chooses to provide a special plan …
https://www.osc.ny.gov/retirement/employers/partnership/factors-affecting-employers-annual-paymentX.5 Single Payment Vendor Requests/Identification Numbers – X. Guide to Vendor/Customer Management
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x5-single-payment-vendor-requestsidentification-numbersXII.6.P Processing a Payment to a Military Address – XII. Expenditures
… SFS, Business Units must first request a single payment vendor ID from the Office of the State Comptroller’s Vendor Management Unit. Please refer to Chapter X, Section 5.B - …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6p-processing-payment-military-addressXII.5.F Payment Dates and Terms Overview – XII. Expenditures
… small businesses), excluding legal holidays, or in the case of final payments on highway construction contracts 75 …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5f-payment-dates-and-terms-overviewXII.5 Agency Payment Preparation and Submittal – XII. Expenditures
… REV. 09/17/2015 … The purpose of this section is to provide guidance to Business Units for preparing and submitting vouchers to the Office of the State Comptroller OSC for payment in the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5-agency-payment-preparation-and-submittalX.5.B Requesting a Single Payment Vendor ID – X. Guide to Vendor/Customer Management
… Document Preparation: Business Units must submit a request to the Vendor Management Unit (VMU), for a new Single Payment Vendor ID to use in the Statewide Financial System. Only the VMU can … Vendor ID Number. Business Units should contact the VMU to request new IDs. If a Business Unit determines it has a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x5b-requesting-single-payment-vendor-idX.5.A Assigned Single Payment Vendor IDs – X. Guide to Vendor/Customer Management
… SECTION OVERVIEW AND POLICIES Payments in the Statewide Financial System (SFS) … compliance with all applicable rules and regulations. For more information on adding regular vendors to the SFS … coding as described in Chapter IX, Section 7 - State Accounting and Reporting Overview of this Guide. Vendor ID …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x5a-assigned-single-payment-vendor-ids