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Comptroller’s Fiscal Update: State Fiscal Year 2016-17 Revenue Trends through the Mid-Year
All Funds tax collections totaled $36.9 billion through the first half of State Fiscal Year (SFY) 2016-17.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-update-midyear-2016-17.pdfDiNapoli: New Law Will Help Local Governments Weather Coronavirus Pandemic
… amid the COVID-19 pandemic has been signed into law, New York State Comptroller Thomas P. DiNapoli announced today. “Local governments across New York are facing dire financial consequences from the … Legislature for enacting this important bill quickly.” The new law, sponsored by Sen. Liz Krueger and Assemblyman Fred …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-new-law-will-help-local-governments-weather-coronavirus-pandemicState Agencies Bulletin No. 1852.1
… inform agencies of the procedures and provide instructions for reporting the taxable value of personal use of an … services in the New York State Payroll System (PayServ) for tax year 2020. Due to the ongoing COVID-19 pandemic, IRS … Service) Notice 2021-07 provides temporary relief for employers and employees using the automobile lease …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18521-procedures-reporting-taxable-value-personal-use-employer-providedLow-Income Housing Trust Fund Program
… mission is to create decent affordable housing for persons of low income by providing loans and grants for the rehabilitation of existing housing or the construction of new housing. One … own policies regarding the project award process. During our audit period, the Program awarded funding to six projects …
https://www.osc.ny.gov/state-agencies/audits/2014/08/28/low-income-housing-trust-fund-programGlossary – Governmental Accounting Standards Board
… Governmental Accounting Standards Board (GASB) website . Deferred Inflows An acquisition of net assets by the … a negative effect on net position, similar to liabilities. Deferred Outflows A consumption of net assets by the …
https://www.osc.ny.gov/retirement/employers/gasb/glossaryDiNapoli High-Tech is on the Rise in NYC
… in the rest of the city’s economy, with annual salaries that are well above the citywide average, according to a … P. DiNapoli. “High-tech firms not only created 25,000 jobs over the last four years, they created high-paying … Exchange, a New York City-based IT firm in which the State Pension Fund has invested . “Access to ridiculous talent, …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-high-tech-rise-nycOpinion 88-66
… Kradjian v City of Binghamton , 104 AD2d 16, 482 NYS2d 89, motion to dismiss appeal granted 64 NY2d 1039, 489 NYS2d …
https://www.osc.ny.gov/legal-opinions/opinion-88-66Town of Albion – Financial Management (2021M-29)
… complete report - pdf ] Audit Objective Determine whether the Town of Albion (Town) Town Board (Board) developed and … realistic and structurally balanced budgets. Key Findings The Board generally developed realistic budgets. However, the budgets were not structurally balanced. The Board used …
https://www.osc.ny.gov/local-government/audits/town/2021/06/25/town-albion-financial-management-2021m-29DiNapoli: Unsafe Conditions, Questionable Spending Found at Affordable NYC Housing Complexes
… spending at three affordable housing complexes show a need for greater oversight of the Mitchell-Lama program by the New … overseeing the Mitchell-Lama program and ensure funding for these buildings goes toward their maintenance.” The … paint on one building’s façade. “Mitchell-Lama has for decades been a vital tool for affordable housing, as …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-unsafe-conditions-questionable-spending-found-affordable-nyc-housing-complexesTown of Highlands – Water and Sewer Funds’ Financial Condition (2021M-152)
Determine whether the Town of Highlands (Town) Board (Board) and Town officials effectively managed the financial condition of the water and sewer funds.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/highlands-2021-152.pdfDiNapoli: 31 School Districts Designated in Some Level of Fiscal Stress
… Thomas P. DiNapoli’s Fiscal Stress Monitoring System for the school year ending on June 30, 2020. “This is a time … only region that had no school districts in fiscal stress for the 2019-20 school year. School districts in fiscal … on districts that filed required financial information for the 2019-20 school year: 668 of the 672 school districts …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-31-school-districts-designated-some-level-fiscal-stressOther Bulletin No. 26
… 2015 SCF M/C Salary Increase and provide instructions for payments not processed automatically Affected Employees … which included a salary increase of two percent (2.00%) for fiscal year 2015-2016. The Division of the Budget … The following Control-D report will be available for agency use on 05/22/15 (Administration). This will give …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-26-april-2015-state-university-construction-fund-scfState Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority," said DiNapoli. … The clerk did not issue press-numbered duplicate receipts for all transactions and did not perform monthly bank … of the clerk's financial activities and did not provide for an annual audit of her records. Town of Guilderland – …
https://www.osc.ny.gov/press/releases/2017/04/state-comptroller-dinapoli-releases-municipal-auditsNanticoke Volunteer Fire Department – Misappropriation of Funds (2015M-3)
… Background The Nanticoke Volunteer Fire Department was a not-for-profit organization which was located in the Towns … of our audit, the Department ceased operations and is currently awaiting dissolution from the State Attorney … former Board member using Department funds. The Board and membership did not review bank statement activity. No one …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2016/03/25/nanticoke-volunteer-fire-department-misappropriation-fundsNY Received More From Washington Than It Sent Due to Federal Relief
… relief funds, though being spent down, continued to boost New York’s balance of payments with Washington, according to … taxes and benefited from $383 billion in federal spending. For every tax dollar paid to Washington, the state received … the differences among the 50 states with respect to what they pay in federal taxes and how much they receive in …
https://www.osc.ny.gov/press/releases/2024/04/ny-received-more-washington-it-sent-due-federal-reliefState Agencies Bulletin No. 1407
… April 2015 M/C Salary Increase and provide instructions for payments not processed automatically. Affected Employees … BU98 Background Chapter 491 of the Laws of 2011 provides for a salary increase of two percent (2.00%) for fiscal year 2015-2016 and includes the April 1, 2015 M/C …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1407-april-2015-management-and-confidential-mc-salary-increaseMessage from the Comptroller – 2023 Financial Condition Report
… In this environment, State policymakers increased support for schools, health care and other programs. At the same … receipts in SFY 2022-23. This aid supports health coverage for nearly 9.4 million New Yorkers and plays essential roles … finances and services, starting with key fiscal indicators for revenue, spending, capital investments and debt. It …
https://www.osc.ny.gov/reports/finance/2023-fcr/message-comptrollerDiNapoli: MTA Outlook Shows Growing Need for New Funding as Budget Gaps Widen
… fare revenue before federal relief aid runs out, but in that time, it must develop plans to cover budget gaps that … “The MTA needs to come up with billions of dollars to pay for operations in the coming years and that puts greater … structural budgetary balance.” Budget Gaps Entering July 2022, transit ridership continued to lag at the low end …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-mta-outlook-shows-growing-need-new-funding-budget-gaps-widenDivision of Housing and Community Renewal: Physical and Financial Conditions at Selected Mitchell-Lama Developments Located Outside New York City – Sunnyside Manor: Unauthorized Bank Account
… Objectives To determine whether residents of Mitchell-Lama developments … Manor’s Board. For findings and recommendations related to Sunnyside Manor outside of the unauthorized bank account, …
https://www.osc.ny.gov/state-agencies/audits/2024/07/03/division-housing-and-community-renewal-physical-and-financial-conditions-selected-mitchellPort Chester-Rye Union Free School District – Financial Condition (2015M-147)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition for the period July 1, 2009 through June 30, 2014. Background The …
https://www.osc.ny.gov/local-government/audits/school-district/2015/09/25/port-chester-rye-union-free-school-district-financial-condition-2015m-147