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NYC Budget Is Balanced but Risks Are Growing
… York City Mayor’s preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in … tourism revenue set a new record, consumer confidence is at an 18-year high and wages continue to rise, partly due … gaps. The most immediate risk to the city’s finances is the potential impact of the state budget. The executive …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingOpinion 2002-7
… LIBRARIES -- Appropriations and Expenditures (necessity for referendum when expending reserve fund moneys) -- … -- Reserve Fund (authority to establish); (necessity for referendum) REFERENDUM -- Public Libraries (not required … library may determine to accumulate library fund monies for capital purposes. The expenditure of such monies is not …
https://www.osc.ny.gov/legal-opinions/opinion-2002-7DiNapoli: Wall Street Bonus Pool Reaches Record High of $47.5 Billion in 2024
… bonus pool for the city’s securities employees reached a record $47.5 billion, its first major increase since the … highs. Wall Street’s profits rose 90% in 2024. “The record high bonus pool reflects Wall Street’s very strong … federal policy changes may dampen the outlook for parts of the securities industry in 2025.” The total estimated …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-wall-street-bonus-pool-reaches-record-high-475-billion-2024Opinion 89-20
… expected of them. Fire districts are authorized, but not required, to adopt codes of ethics for the guidance of fire …
https://www.osc.ny.gov/legal-opinions/opinion-89-20Opinion 2012-1
… purchases of commodities by a town ( see e.g . 2006 Ops St Comp No. 2006-11, at 32). Unless an exception set … in contracts between the firm and the town ( see 2008 Ops St Comp No. 2008-2). The powers and duties of a board of … article 5, title 1-A, § 522 et seq .; compare e.g . 1992 Ops St Comp No. 92-43, at 109). Therefore, the board member's …
https://www.osc.ny.gov/legal-opinions/opinion-2012-1Opinion 93-15
… nor the separate treasurer of a town public library is required pursuant to Town Law, §123 to annually account to, … or the separate treasurer of a town public library is required to annually account to, and submit its books for … or the separate treasurer of a town public library is required to annually account to and submit its books for …
https://www.osc.ny.gov/legal-opinions/opinion-93-15Opinion 94-6
… opinion. CONFLICTS OF INTEREST -- Employment Contracts (tenant member of housing authority employed by residential … management corporation) -- Public Housing Authorities (tenant member employed by residential management corporation) … to operate a federally-funded recreation program, a tenant member of the housing authority would have a conflict …
https://www.osc.ny.gov/legal-opinions/opinion-94-6DiNapoli: Audit Finds Poor Financial Management by Central New York Regional Market Authority Board
… not monitoring operations and expenses, and not doing a thorough analysis before spending over $2 million on a warehouse that needs extensive renovations and has been a … operations around before its fiscal situation gets worse. I am glad they took our findings and recommendations …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-audit-finds-poor-financial-management-central-new-york-regional-market-authority-boardDiNapoli: Audit Finds $6.8 Million in Medicaid Overpayments
… which the Department of Health’s eMedNY system failed to catch millions in overpayments. To its credit, the department … provides a wide range of medical services to those who are economically disadvantaged or have special health care … Medicaid payments on a routine basis to make sure claims are being paid appropriately and to determine if improvements …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-finds-68-million-medicaid-overpaymentsDiNapoli: Central New York Economy Slowly Improving
… “Central New York’s post-recession economy is in transition,” DiNapoli said. “Although many of the region’s … disappeared, the health care, professional and technical services industries are gaining strength. Moving forward, it will be vital for local economic development strategies to build upon the …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-central-new-york-economy-slowly-improvingComptroller DiNapoli Releases Municipal Audits
… spent appropriately and effectively.” Town of Caroga – Supervisor’s Records and Reports (Fulton County) The supervisor did not maintain complete, accurate and up-to-date … did not routinely obtain information showing the number of jobs created by its revolving loan program and does not …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-municipal-audits-2State Comptroller DiNapoli Releases Audits
… pass 100 percent of the value of the agreements on to the prescription drug program. United subcontracted key functions of the prescription drug program to Medco Health Solutions, which … utilized to obtain rebates for the Empire Plan’s prescription drug program did not meet or exceed Express …
https://www.osc.ny.gov/press/releases/2016/01/state-comptroller-dinapoli-releases-auditsDiNapoli: New York City Job Growth Continues to Set Records
… sectors with health care accounting for 35,300, or 40 percent, of the jobs added. Over the past ten years, …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-new-york-city-job-growth-continues-set-recordsMedicaid Program – Oversight of Health Homes
… to ensure that all caregivers work together and focus on their clients’ needs. Health Home providers render … activities include periodic audits called redesignation reviews, which are designed to assess administrative … details our findings: DOH did not complete redesignation reviews for all Health Homes within the required time frames, …
https://www.osc.ny.gov/state-agencies/audits/2026/01/20/medicaid-program-oversight-health-homesState Agencies Bulletin No. 2284
… position to participate in the annual cash out. The payment is calculated at the straight time rate based on the … employees who are now deceased should be submitted as a stop payment request with a reason of Exchange in PayServ. … Reversal and Exchange mailbox at the same time as the stop payment request. If a Next of Kin Affidavit has been …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2284-2024-csea-and-pef-over40-comp-time-ii-cash-outCapital Planning and Maintenance
… to begin providing additional service to Myrtle Beach, SC, and Orlando, FL, in November 2016. The Authority is also …
https://www.osc.ny.gov/state-agencies/audits/2016/04/08/capital-planning-and-maintenanceSelected Aspects of the Paratransit Call Center Operations
… Paratransit Call Center (Call Center). The contract was signed on December 18, 2012 and remains in effect for five … include Travel Planning (i.e., handling calls to make, change, or cancel reservations) and Travel Services (i.e., … new hire and recurrent training and that it received signed non-disclosure agreements from employees, as otherwise …
https://www.osc.ny.gov/state-agencies/audits/2016/11/03/selected-aspects-paratransit-call-center-operationsOversight and Enforcement of the Rechargeable Battery Law
… in the case of lithium-ion batteries can ignite and start fires at various points in the waste stream. The Department, …
https://www.osc.ny.gov/state-agencies/audits/2022/06/29/oversight-and-enforcement-rechargeable-battery-lawState Agencies Bulletin No. 884
… M/C employees in Negotiating Unit Codes 06, 13, 18, 40, 46, 52, 66, 79 and 96 who had elected to participate in … beginning in Pay Period 25L, paychecks dated March 26, 2009 (Institution) and April 1, 2009 (Administration) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/884-restoration-and-payment-managementconfidential-mc-vacation-creditsTown of Hornellsville – Financial Management (2025M-102)
… fund balance? Audit Period January 1, 2022 – August 6, 2025 Understanding the Audit Area A key measure of a town’s … fund balances totaled approximately $2 million. Audit Summary The Board did not effectively manage the Town’s fund … by a total of 18 percent in calendar years 2022 through 2025. As a result, the Board maintained unrestricted fund …
https://www.osc.ny.gov/local-government/audits/town/2025/11/21/town-hornellsville-financial-management-2025m-102