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Accounts Payable Advisory No. 10
… Subject: Handling Code “A” and “Separate Payment” Box Guidance: This advisory is intended to notify Business Units to check the “Separate Payment” box in the Payment Options section of a voucher when …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/10-handling-code-and-separate-payment-boxState Agencies Bulletin No. 1975
… agencies of OSC’s automatic processing of the December 2021 minimum wage increases for hourly employees and provide … of the Budget (DOB) Bulletin G-1042 , issued 11/15/2021, authorizes the minimum hourly wage be increased for … of Nassau, Suffolk, or Westchester, effective 12/31/2021, or $13.20 for State employees in all other job …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1975-december-2021-increase-minimum-wageDiNapoli: NYC Dept. of Buildings Is Not Doing Enough to Improve Construction Site Safety
… The New York City Department of Buildings (DOB) is not doing … on building sites, according to an audit released by New York State Comptroller Thomas P. DiNapoli . The audit … injuries and fatalities. “Construction is key to New York City’s economy, but as the sector recovers from the …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-dept-buildings-not-doing-enough-improve-construction-site-safetyDiNapoli Announces Latest Fiscal Stress Scores With Analysis of 10 Years of Fiscal Monitoring System Data
… announced today are for local governments operating on a calendar year basis for fiscal year 2022, covering all … DiNapoli announced that five local governments with non-calendar fiscal years were designated in stress. The Town of … fiscal year end 2022 fiscal stress scoring results for calendar year and non-calendar year municipalities, including …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-announces-latest-fiscal-stress-scores-analysis-10-years-fiscal-monitoring-system-dataDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
Wall Streets pandemic boom came to an end in 2022 with pretax first half profits of $135 billion down 563 from the $31 billion earned in the same period last year according to State Comptroller Thomas P DiNapolis annual report on New York Citys securities industry
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsDiNapoli: 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-anticipatedOversight of Construction Management Contracts (Follow-Up)
… this contract remained active until November 30, 2021 and totaled $14 million. In addition to the DASNY … The objective of our initial audit report, issued June 24, 2021 and covering the period June 29, 2017 through July 17, …
https://www.osc.ny.gov/state-agencies/audits/2022/09/08/oversight-construction-management-contracts-followDiNapoli: 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-0Town of Waterford - Town Clerk Collections (2018M-265)
… and 2017 real property tax collections and documentation to substantiate the date real property taxes were received … manner. Maintain payment stubs and postmarked envelopes to support real property tax payments. Except as specified in … agreed with our recommendations and indicated they planned to take corrective action. Appendix B includes our comments …
https://www.osc.ny.gov/local-government/audits/town/2019/05/03/town-waterford-town-clerk-collections-2018m-265Independent Oversight: OSC's Contract Review Safeguards Public Funds
… the Office of the State Comptroller (OSC) exercises this responsibility is through the review of contracts. This independent oversight deters waste, fraud and abuse; ensures the … in independent review and approval of contracts. OSC’s oversight adds tremendous value, and contract review was …
https://www.osc.ny.gov/reports/independent-oversight-osc-contract-review-safeguards-public-fundsNew York’s Economy and Finances in the COVID-19 Era
… product is projected to increase by 4.4 percent in calendar year 2021 after an estimated decline of 3.4 percent … pandemic. That figure compares to just $2.1 billion during calendar year 2019. But the flow of UI benefits has slowed in …
https://www.osc.ny.gov/reports/covid-19-january-21-2021State Agencies Bulletin No. 1729
… To inform agencies of the content information for the 2018 Form 1042-S Affected Employees All Nonresident Aliens … year 2018 Background According to the IRS instructions for Form 1042-S, amounts subject to reporting on Form 1042-S are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1729-form-1042-s-foreign-persons-us-source-income-subject-withholdingOpinion 91-64
… 305(14)(a) of the Education Law which provides in part: All contracts for the transportation of school children ... … best interests of the district will be promoted thereby. All such contracts involving an annual expenditure in excess … (1980 Opns St Comp No. 80-415, p 120; see Walton v New York , 26 App Div 76, 49 NYS 615 [1898]). However, this …
https://www.osc.ny.gov/legal-opinions/opinion-91-64State Agencies Bulletin No. 1819
… to inform agencies of the content information for the 2019 Form 1042-S. Affected Employees All Nonresident Aliens receiving a Scholarship, employed as an Honoraria, or taking advantage of a treaty between their country and the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1819-form-1042-s-foreign-persons-us-source-income-subject-withholdingRetirement Legislation
Read summaries of the NYSLRSrelated legislation that is enacted or vetoed each year
https://www.osc.ny.gov/retirement/resources/retirement-legislationSelected 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-literacySelected 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-businessesState Agencies Bulletin No. 1327
… Plan should be directed to the applicable budget examiner at the Division of the Budget. Questions regarding the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1327-first-phase-deficit-reduction-plan-psnu-employees-summer-seasonalMedicaid Claims Processing Activity April 1, 2021 Through September 30, 2021 (2021-S-7) 180-Day Response
To determine whether the Department of Health’s (Department) eMedNY system reasonably ensured that Medicaid claims were submitted by approved providers, were processed in accordance with Medicaid requirements, and resulted in correct payments to the providers.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-21s7-response.pdf