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DiNapoli: State Missed Out on Over $180 Million in Medicaid Drug Rebates

… Medicaid paid for. DOH mistakenly underreported units, or reported zero units, on 143,995 claims it sent to Magellan …

https://www.osc.ny.gov/press/releases/2023/04/dinapoli-state-missed-out-over-180-million-medicaid-drug-rebates

DiNapoli: Tax Collections Down $1.3 Billion in First Half of Fiscal Year

… balance was $9.6 billion, primarily reflecting receipt of settlement money the state has largely committed for various … year-end projections. At the same time, the use of some settlement resources for ongoing spending and to boost the … or restitutions from 22 entities. The planned use of these settlement resources has evolved over time. The SFY 2015-16 …

https://www.osc.ny.gov/press/releases/2016/11/dinapoli-tax-collections-down-13-billion-first-half-fiscal-year

DiNapoli: Daughter Allegedly Stole Over $240K in Deceased Father's NYS Pension Payments

… Thomas P. DiNapoli, Albany County District Attorney David Soares and the New York State Police today announced … DiNapoli said. “I thank Albany County District Attorney David Soares and the New York State Police for partnering … Thomas P DiNapoli Albany County District Attorney David Soares and the New York State Police today announced …

https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-payments

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

… finance fees from the refunding bond closings of Yankee Stadium LLC and Queens Ballpark Co. LLC (Citi Field). Total …

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

DiNapoli: Local Sales Tax Collections Up 21% in First Quarter of 2022

… what impact the rate of inflation and economic volatility is having on New York’s economic recovery.” New York City’s …

https://www.osc.ny.gov/press/releases/2022/04/dinapoli-local-sales-tax-collections-21-percent-first-quarter-2022

DiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May

… Local sales tax collections in May increased by 57.8 percent over the same month in 2020, the highest one month increase in recent history, State Comptroller Thomas P. DiNapoli … Local sales tax collections in May increased by 578 percent over the same month in 2020 …

https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-may

New York’s Economy and Finances in the COVID-19 Era (June 3, 2021)

… Edition Pre-Pandemic Improvements in Employment Rates for People with Disabilities Have Been Derailed by COVID-19 The … between April 2020 and March 2021, unemployment rates for people with disabilities averaged 16.2 percent, an increase … wage. According to a 2020 U.S. Commission on Civil Rights report , the average wage of a person with a disability …

https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021

New York’s Economy and Finances in the COVID-19 Era (March 4, 2021)

… the longer-term decline in labor force participation. A 2017 report by the Office of the State Comptroller, Labor …

https://www.osc.ny.gov/reports/impact-covid-19-march-4-2021

DiNapoli Announces Nominee for the Commission on Ethics and Lobbying in Government

… of Law. She held a variety of positions in Governor Mario M. Cuomo’s administration, including as an assistant counsel to Governor Mario Cuomo, assistant counsel in the Governor's Office of …

https://www.osc.ny.gov/press/releases/2022/07/dinapoli-announces-nominee-commission-ethics-and-lobbying-government

Oyster Bay Water District – Payments in Lieu of Health Insurance (2017M-43)

… 1, 2015 through October 31, 2016. Background The Oyster Bay Water District is located in the Town of Oyster Bay in Nassau County and provides water to about 8,800 … Oyster Bay Water District Payments in Lieu of Health Insurance …

https://www.osc.ny.gov/local-government/audits/district/2017/06/02/oyster-bay-water-district-payments-lieu-health-insurance-2017m-43

DiNapoli: State's Financial Hole Deepens, Tax Revenues Trail $3.2 Billion in 2020

… August. DiNapoli noted state tax receipts of $4.3 billion in August were $309.3 million above the latest projections by … of Budget (DOB), but $219.1 million below collections in August 2019. “Tax revenues continue to fall short of … to fund education, health care and other vital services in this year’s budget,” DiNapoli said. “The revenue hole the …

https://www.osc.ny.gov/press/releases/2020/09/dinapoli-states-financial-hole-deepens-tax-revenues-trail-32-billion-2020

Examples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets

… permission. Sample City Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Year Ended December 31, … 4,142,574 Investments earnings: Net (decrease) In fair value of investments (272,522) … expense 216,428 Net investment earnings 3,417,194 4,560 …

https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assets

New York City Projecting Surplus of $2.7 Billion in Current Fiscal Year

… New York City projects a surplus of more than $2.7 billion for fiscal year (FY) 2020, up from $550 million in November … the proposed executive state budget could increase costs for the city. The city should continue to boost reserves and look for new ways to save.” In January, city officials released a …

https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-year

New York’s Economy and Finances in the COVID-19 Era (July 1, 2021)

… While this is a positive development, there are two causes for concern: The growth is primarily due to transfer receipts, which account for more than 20 percent of personal income, well above the pre-pandemic share, and account for most of the quarter-over-quarter increase in personal …

https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-july-1-2021

Oversight of Security Expenses in Single Adult and Adult Family Homeless Shelters

… services for eligible homeless families and individuals in the City and for providing fiscal oversight of the homeless shelters. Governed by a “right to shelter” mandate, the City provides temporary emergency shelter to every eligible person who requests services. …

https://www.osc.ny.gov/state-agencies/audits/2018/05/07/oversight-security-expenses-single-adult-and-adult-family-homeless-shelters

Chemical Dependency Program Payments to Selected Contractors in New York City (Follow-Up)

… Our initial audit report, which was issued on May 6, 2010, reviewed the payments to two contractors; Palladia … Abuse Services: Contract with Daytop Village, Inc. (2008-R-1) …

https://www.osc.ny.gov/state-agencies/audits/2013/04/10/chemical-dependency-program-payments-selected-contractors-new-york-city-follow

Oversight of Career and Technical Education Programs in New York State Schools

… rate for students who have completed two consecutive CTE courses in the same program is about 90 percent – 15 … oversight efforts need improvement to ensure CTE programs offered through the secondary school system align with …

https://www.osc.ny.gov/state-agencies/audits/2020/12/21/oversight-career-and-technical-education-programs-new-york-state-schools

Mainstream Managed Care Organizations – Administrative Costs Used in Premium Rate Setting (Follow-Up)

… extent of implementation of the seven recommendations made in our initial audit report, Mainstream Managed Care Organizations – Administrative Costs Used in Premium Rate Setting ( 2014-S-55 ). Background The … Medicaid managed care premium rates, which are based, in part, on the allowable administrative costs of managed …

https://www.osc.ny.gov/state-agencies/audits/2018/12/27/mainstream-managed-care-organizations-administrative-costs-used-premium-rate-setting-follow