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DiNapoli Releases Analysis of Executive Budget
… decline, according to the Division of the Budget (DOB), reflects the acceleration of some Personal Income Tax … the total to more than $10.7 billion since April 2014. DOB expects to use $383 million for budget relief in SFY … the 2018-19 school year. Certain school districts would be required to submit detailed allocation plans showing the …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-releases-analysis-executive-budgetII.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… The basic financial statements consist of statements comprised of both government-wide and fund financial statements and notes to … basis for the condition measurement and the measurement scale used to assess and report condition; The condition …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsDiNapoli Releases Analysis of 2022-23 Enacted State Budget
… including a $6 billion appropriation to cover services and expenses related to the COVID-19 outbreak and $2 billion to …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-analysis-2022-23-enacted-state-budgetOpen Educational Resources
… schools. The annual tuition in 2023 for a New York State resident pursuing a bachelor’s degree full time at CUNY … 30, 2023, CUNY received a total of $24 million in New York State funds to expand OER initiatives as part of an effort to … Key Recommendations Establish and document an OER fund spending and reporting policy and related procedures to …
https://www.osc.ny.gov/state-agencies/audits/2025/03/27/open-educational-resourcesDiNapoli Releases Analysis of SFY 2024-25 State Budget
… market levels in 2021. Based on preliminary data for the 2022 tax year, total unearned income declined by 43.6% in SFY …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budgetTown of Warwick - Water and Sewer Fund Financial Condition (2018M-259)
… Key Recommendations Develop reasonable revenue estimates for the water and sewer districts, and monitor and adjust …
https://www.osc.ny.gov/local-government/audits/town/2019/04/12/town-warwick-water-and-sewer-fund-financial-condition-2018m-259DiNapoli Calls on Aetna to Disclose Corporate Political Spending
… both in support of, and in opposition to, candidates for political office. Aetna’s accidental disclosure resulted … their political spending. His proposal asks companies for a comprehensive and public report that lists their … federal lobbying, payments to any trade associations used for political purposes, and payments made to any organization …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-calls-aetna-disclose-corporate-political-spendingLancaster Central School District – Financial Management (2022M-37)
… Adopt budgets that include reasonable estimates for appropriations, appropriated fund balance and reserves …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/05/lancaster-central-school-district-financial-management-2022m-37Public Housing Modernization Program – Administration of Selected Projects Outside of New York City
… of Housing and Community Renewal (DHCR) is responsible for the supervision, maintenance, and development of … revitalization, and preservation of affordable housing for low-income individuals and families. The Public Housing … to public housing authorities (authorities) to be used for major repairs, such as replacing or repairing roofs; …
https://www.osc.ny.gov/state-agencies/audits/2016/05/12/public-housing-modernization-program-administration-selected-projects-outside-new-york-cityGreenwich Central School District – Extra-Classroom Activities (2021M-20)
… ECA policy, which resulted in insufficient oversight of and inadequate reviews of ECA collections and records. The student treasurers did not maintain adequate supporting documentation for: 32 of the 70 collections reviewed totaling $30,970 (69 percent), …
https://www.osc.ny.gov/local-government/audits/school-district/2021/06/11/greenwich-central-school-district-extra-classroom-activities-2021m-20DiNapoli Releases January State Cash Report
… New York state collected $126.6 billion in receipts from April … initial projections, according to the monthly state cash report issued today by New York State Comptroller Thomas P. … released with the Executive Budget in January. “Tax collections continue to be higher than expected and …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-january-state-cash-reportEducators for Children, Youth and Families, Inc. – Use of Contract Funds (Follow-Up)
… included in our initial audit report, Educators for Children, Youth and Families, Inc. - Use of Contract … was issued on August 20, 2010, examined whether Educators for Children, Youth and Families, Inc. (Educators) … Children and Family Services (OCFS) under grant contracts for the period July 1, 2002 through June 4, 2008. New York …
https://www.osc.ny.gov/state-agencies/audits/2013/08/13/educators-children-youth-and-families-inc-use-contract-funds-followDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… -6.2% 5.8% Global Equities 25.1% 3.7% Absolute Return Strategies 9.9% 3.2% Opportunistic Alternatives 7.8% 0.3% …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionNYS Common Retirement Fund Announces Second Quarter Results
… in publicly traded domestic equities and 16.3 percent in international public equities. The remaining Fund assets by … (7.6 percent), real estate (6.9 percent), absolute return strategies (3.2 percent) and opportunistic alternatives and …
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsDiNapoli Orders Divestment of Russia Holdings
… Russian companies and review the Fund’s current holdings to assess whether they presented financial risks that warrant … divestment. “For over a month, Russia’s unconscionable and immoral invasion has brought devastation and destruction to … Retirement Fund The New York State Common Retirement Fund is one of the largest public pension funds in the United …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsNYS Common Retirement Fund Reports First Quarter Results
… quarter of the State Fiscal Year (SFY) 2021-22 was 5.82% for the three-month period ending June 30, 2021, according to … estate and real assets (7.96%) and credit, absolute return strategies and opportunistic alternatives (5.19%). DiNapoli … first quarter of the State Fiscal Year SFY 202122 was 582 for the threemonth period ending June 30 2021 according to …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the three-month period ending Sept. 30, 2021, according … estate and real assets (8.44%) and credit, absolute return strategies and opportunistic alternatives (5.35%). DiNapoli … second quarter of the State Fiscal Year SFY 202122 was 115 for the threemonth period ending Sept 30 2021 according to …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsXII.9.F Correcting Payments Processed Against the Incorrect Purchase Order – XII. Expenditures
… payments processed against the wrong purchase order when funds are still active. Paying against the wrong purchase … Business Units will use a purchase order to encumber funds against the contract, and then liquidate against the … corrected through the following process. In the event that funds have since lapsed, please see Chapter XI, Section 7.D - …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9f-correcting-payments-processed-against-incorrect-purchase-orderTown of Reading – Financial Management (2013M-217)
… the Town’s financial condition and budgeting practices for the period January 1, 2010 through August 31, 2013. … to be maintained. Additionally, the Board has no policy for developing accurate budget estimates. Because the Board … in the general fund and 93 percent in the highway fund for the ensuing year’s appropriations. The Town comingled …
https://www.osc.ny.gov/local-government/audits/town/2014/02/21/town-reading-financial-management-2013m-217Town of Hopewell – Fund Balance and Budget Monitoring (2013M-231)
… and $10,000 in 2012. Because the Board considered that the tax levies were no longer sustainable without significant … a local law in 2012 to override the 2 percent property tax increase limit under the new tax cap law, thereby allowing the Town’s 2013 budget to exceed …
https://www.osc.ny.gov/local-government/audits/town/2014/01/10/town-hopewell-fund-balance-and-budget-monitoring-2013m-231