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XVI.2 Financial Reporting Policies – XVI. Financial Reporting

… Law requires the Comptroller to prepare periodic financial reports in accordance with GAAP. GASB Statements and … Law requires the Comptroller to prepare periodic financial reports in accordance with GAAP …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi2-financial-reporting-policies

State Comptroller DiNapoli Releases Audits

… the following audits have been issued. New York State Health Insurance Program (NYSHIP): UnitedHealthcare: Improper … administered by the Department of Civil Service, provides health insurance coverage to over 1.2 million active and …

https://www.osc.ny.gov/press/releases/2021/11/state-comptroller-dinapoli-releases-audits

DiNapoli Releases Annual IDA Report

… in 2018, up 4.4 percent from 2017, according to an annual report that summarizes the performance of IDAs issued today … B: Statistics by Specific IDA Find out how your government money is spent at Open Book New York . Track municipal …

https://www.osc.ny.gov/press/releases/2020/07/dinapoli-releases-annual-ida-report

DiNapoli: New York State Pension Fund Expands List of Corporations That Disclose Political Spending

… In 2016, the New York State Common Retirement Fund (Fund) reached agreements with six …

https://www.osc.ny.gov/press/releases/2016/07/dinapoli-new-york-state-pension-fund-expands-list-corporations-disclose-political-spending

New York’s Labor Force: Assessing 10-Year Trends and Pandemic Setbacks

… currently looking for work because they think there are no jobs available, as well as those who are working part-time … Bureau of Labor Statistics During the pandemic, there was no loss of workers with a bachelor’s degree or higher; the … Note," Industrial and Labor Relations Review , Vol. 56, No. 2, January 2003, pp. 349-54 (updated annually at …

https://www.osc.ny.gov/reports/new-yorks-labor-force-assessing-10-year-trends-and-pandemic-setbacks

Opinion 89-7

… a gift in contravention of Article VIII, §1 (1983 Opns St Comp, No. 83-158, p 199; see Timmerman v City of New York , … prior to the performance of services (see 1985 Opns St Comp, No. 85-44, p 59). Accordingly, in the instant …

https://www.osc.ny.gov/legal-opinions/opinion-89-7

DiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion

… New York’s 107 local Industrial Development Authorities … reported 4,324 active projects with an aggregate value of $126 billion in 2021, a 10.4%, or $11.9 billion, increase … can play an important role in helping local economies and businesses expand. This report provides taxpayers with a look …

https://www.osc.ny.gov/press/releases/2023/04/dinapoli-value-ida-projects-grew-10-percent-in-2021-to-126-billion

DiNapoli: Some Affordable Apartments for Seniors Left Vacant for Years

… Thomas P. DiNapoli found. The audit examined whether the NYC Department of Housing Preservation and Development (HPD) … housing developments — HANAC Corona Senior Residence in Queens, Serviam Heights in the Bronx, Victory Plaza (renamed … Elderly in Brooklyn. Vacant Apartments At HANAC in Corona, Queens, auditors found six apartments left vacant for an …

https://www.osc.ny.gov/press/releases/2023/07/dinapoli-some-affordable-apartments-seniors-left-vacant-years

Inflation in the New York City Metropolitan Area

… April 21, 2022 PDF Version Last week, the U.S. Bureau of Labor Statistics (BLS) released new data … and 6.1 percent in the New York City Metropolitan Area (NYC metro area) in March 2022 compared to the same month a …

https://www.osc.ny.gov/reports/inflation-new-york-city-metropolitan-area

State Agencies Bulletin No. 944

… who are eligible to participate in a retirement system of New York State. As a general rule, all employees are eligible to participate in a retirement system of New York State. However, there are certain circumstances … who are not eligible to participate in a retirement system of New York State. If an employee is receiving payments from …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/944-retirement-plan-checkbox-form-w-2-wage-and-tax-statement

State Agencies Bulletin No. 2004

… for overtime payments that cannot be calculated by the NYS Payroll System. Agency Actions Beginning in Institution …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2004-pilot-program-establishing-temporary-overtime-rate-overtime-eligible

State Comptroller DiNapoli Releases Municipal & School Audits

… employment agreement indicating he was not eligible to receive overtime payments. In addition, one employee was … were paid $26,297 for overtime without being required to seek preapproval per their CBAs or district policy. Town … records, and inadequate financial reports were provided to the board. As a result, the board lacked reliable records …

https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-municipal-school-audits

State Agencies Bulletin No. 1949

… must use the overtime factor of .00120 in the calculation when submitting any payments using Earnings Code OTO – OT …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1949-pilot-program-establishing-temporary-overtime-rate-employees-certain

State Agencies Bulletin No. 1949.1

… must use the overtime factor of .00120 in the calculation when submitting any payments using Earnings Code OTO – OT …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/19491-pilot-program-establishing-temporary-overtime-rate-employees-certain

State Agencies Bulletin No. 2021

… for overtime payments that cannot be calculated by the NYS Payroll System. Agency Actions Beginning in Institution …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2021-pilot-program-establishing-temporary-overtime-rate-employees-certain

Opinion 90-29

… OFFICERS AND EMPLOYEES -- Restitution Agency (deposit of unclaimed funds) MUNICIPAL FUNDS -- Unclaimed restitution payments (transfer to general fund not … restitution agency may not deposit into its general fund unclaimed restitution payments collected by the county …

https://www.osc.ny.gov/legal-opinions/opinion-90-29

NYS Pension Fund Commits $2 Billion to Climate Transition Index

… on the opportunities arising from the transition to a low-carbon economy, State Comptroller Thomas P. … within its internally managed public equity portfolio to FTSE Russell's Russell 1000 TPI Climate Transition Index … for leading the way with its comprehensive approach to addressing the enormous challenges posed by climate …

https://www.osc.ny.gov/press/releases/2021/12/nys-pension-fund-commits-2-billion-climate-transition-index

DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History

… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) estimated … Fund’s value to an estimated $254.8 billion. “The state pension fund rode the market rebound from the depths of the … percent). The Fund’s long-term expected rate of return is 6.8 percent. Historic Fund Returns and Value Fund’s value …