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Capital Planning (Follow-Up)
… and whether its capital plans ensure the highest priority facility needs are adequately addressed. During our audit …
https://www.osc.ny.gov/state-agencies/audits/2018/09/04/capital-planning-followDiNapoli: Monster Beverage Needs To Diversify Board
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) has filed a … proposal with Monster Beverage Corporation calling on the company to report on plans to increase gender and racial diversity on its board. The Fund's proposal is co-sponsored by the Connecticut …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-monster-beverage-needs-diversify-boardState Agencies Bulletin No. 1343
… paid through PayServ. OSC Actions OSC Payroll is planning on converting the Payroll System to the new chart of accounts … agencies will no longer be adding the account code string on the Position Pool page as they do currently. OSC is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1343-new-york-state-payroll-system-payserv-conversion-statewide-financialState Agencies Bulletin No. 1886
… Purpose The purpose of this bulletin is to provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the two-year …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1886-two-year-look-back-tier-6-voluntary-defined-contribution-program-vdcComptroller DiNapoli Releases School District Audits
… Thomas P. DiNapoli today announced the following school district audits have been issued. Brunswick Central School District – Online Banking (Rensselaer County) The … confidentially to officials. East Islip Union Free School District – Financial Management (Suffolk County) The …
https://www.osc.ny.gov/press/releases/2020/05/comptroller-dinapoli-releases-school-district-auditsState Comptroller DiNapoli Releases Municipal Audits
… fund by the end of 2024. The board also did not adopt a written multiyear financial plan and written fund balance … actions to maintain the city’s fiscal stability. As a result, the city has significant fiscal stress. Auditors … to officials. Find out how your government money is spent at Open Book New York . Track municipal spending, …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-auditsRailroad Bridge Inspection Program
… Purpose To determine whether the Department of Transportation … properly oversees railroads operating in the State to ensure they meet the bridge inspection requirements. This … To determine whether the Department of Transportation …
https://www.osc.ny.gov/state-agencies/audits/2013/12/09/railroad-bridge-inspection-programBorrowing Against Your Contributions – Article 14 Benefits
… are under 59½ at the time, you may be required to pay a 10 percent penalty tax in addition to any ordinary federal … Loan Balance Annual Pension Reduction 45 $5,000 $232 $10,000 $464 55 $5,000 $279 $10,000 $558 65 $5,000 $364 $10,000 $728 Page updated 3/13 …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsDiNapoli Audit: MTA Transit Capital Projects Plagued by Cost Overruns and Delays
… A review of six Metropolitan Transportation Authority (MTA) New York … today by State Comptroller Thomas P. DiNapoli. Many of the problems were tied to MTA’s failure to follow its own … latest approved capital program, with an original budget of $29.57 billion. After previous additions, the program …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-audit-mta-transit-capital-projects-plagued-cost-overruns-and-delaysCost-Saving Ideas: Containing Employee Health Insurance Costs
… you should always look for ways to contain health insurance costs without cutting current benefit levels. … of health benefits for retirees. Self-Fund Your Health Insurance Instead of continually paying premiums to an insurance company, consider self-funding a health insurance …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-containing-employee-health-insurance-costsAFR Modernization - Validation Rules in the Statement of Indebtedness
In this session, you will learn how to resolve broken validation rules (edits) in the Statement of Indebtedness. Our staff will provide some live examples in the application and will demonstrate resources being developed to assist you.
https://www.osc.ny.gov/files/local-government/academy/pdf/afr-modernization-validation-rules-statement-of-indebtedness-02-10-2022.pdfState Comptroller DiNapoli Releases Municipal Audits
… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … not address the maintenance of surplus fund balance or how the board expects to use surplus funds and the timeframe … the city did not maintain an inventory of IT assets. Find out how your government money is spent at Open Book New York …
https://www.osc.ny.gov/press/releases/2018/11/state-comptroller-dinapoli-releases-municipal-audits-0DiNapoli: SED Agrees to Improve Oversight of Migrant Education Program
… The State Education Department (SED) has agreed to update its Migrant Education Program and better monitor … state’s program, my auditors made several recommendations to improve the educational outcomes for these children. To its credit, SED is acting on our suggestions to ensure …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-sed-agrees-improve-oversight-migrant-education-programSelected Controls Over the Property Tax Assessment Process (Follow-Up)
… property value is assessed. DOF uses the Computer-Assisted Mass Appraisal system (CAMA) for property tax valuations. … did not document the basis for assessment changes. Mass updates to the CAMA system did not always include the …
https://www.osc.ny.gov/state-agencies/audits/2020/01/06/selected-controls-over-property-tax-assessment-process-followAll-Agency Contract Evaluation System
… in compliance with its All-Agency Contract Evaluation (ACE) review process and taking action where performance … whether MTA officials are reviewing and using the ACE ratings prior to awarding contracts. The audit covered … 2020. About the Program In 1997, the MTA implemented the ACE system, a performance evaluation system developed and …
https://www.osc.ny.gov/state-agencies/audits/2021/03/04/all-agency-contract-evaluation-systemPine Plains Central School District – Lead Testing and Reporting (S9-25-18)
… 1, 2023 for Cycle Three. 3 Public Health Law section 1110; 10 NYCRR subpart 67-4 – Lead Testing in School Drinking Water …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/18/pine-plains-central-school-district-lead-testing-and-reporting-s9-25-18Opinion 2001-6
… of personal computer, facsimile machine and refrigerator for fire department use) INSURANCE LAW §§9104, 9105: Unless otherwise provided by … the members of a volunteer fire department may determine to use foreign fire insurance tax monies to purchase a … Whether a volunteer fire department may use foreign fire insurance tax monies to buy a computer a fax …
https://www.osc.ny.gov/legal-opinions/opinion-2001-6DiNapoli Releases Analysis of 2022-23 Enacted State Budget
… better-than-expected revenues allowed for a steep increase in spending in the $220.5 billion enacted state budget for State Fiscal … programs. DiNapoli expressed concerns about the growth in capital spending and debt. He also cautioned that many … betterthanexpected revenues allowed for a steep increase in spending in the $2205 billion enacted state budget for …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-analysis-2022-23-enacted-state-budgetDiNapoli: State Pension Fund Will Vote Against Board Members at Corporations With No Women Directors
… standing for re-election at companies that have no women on their boards. In situations where a company has just … that hundreds of publicly-held U.S. companies have no women directors," DiNapoli said. "We're putting all-male … shares in more than 400 public companies that have no women on their boards and more than 700 companies that have …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-state-pension-fund-will-vote-against-board-members-corporations-no-women-directorsVillage Official Heading to Prison for Stealing More Than $100,000
… village of Altmar in Oswego County, was sentenced to 2 to 6 years in state prison after pleading guilty to stealing $117,000 in public funds. Bailey was charged in … village of Altmar in Oswego County was sentenced to 2 to 6 years in state prison after pleading guilty to …
https://www.osc.ny.gov/press/releases/2014/08/village-official-heading-prison-stealing-more-100000