Search

Overview – XI. Procurement and Contract Management

… competition was obtained and an award was made to the low bidder. Commodity, Printing, Miscellaneous Services 1 and … Contracting, Best Value is defined as an award to the low bidder based solely on price. Guide to Financial Operations REV. 06/24/2015 … Quick …

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 … (NYC metro area) in March 2022 compared to the same month a year ago. 1 For over a decade following the Great Recession … area. As consumer spending habits differ by geography, so does the basket of goods. For example, housing comprises the …

XI-A.1.A Separation of Duties – XI-A. Purchasing

… functions within an agency. The procure-to-pay (P2P) cycle is an area where separation of duties is essential to … Specifically, the various activities related to the P2P cycle (e.g., initiation, purchase approval, ordering, … for 24 cases of 20 pound weight copier paper at a specific price. A second employee would receive the paper, verify it …

Comptroller DiNapoli Releases Municipal Audits

… always make purchases from the vendor with the lowest bid price. If the county purchased asphalt and stone products from the low bidders, it may have saved $10,000.  Nanticoke Volunteer …

DiNapoli: Billions Needed for Repairs to Local Bridges

… of structurally deficient local bridges declined from 16.7 percent to 12.8 percent from 2002 to 2016, while the state’s percentage was … owned bridges. However, they generally receive assistance from the state and federal government. Excluding assistance …

NYC Surplus Projected to Reach $550 Million in FY 2020

… “New York City’s economy is thriving with historically low unemployment, strong Wall Street profits and record … unemployment rate of 4.1 percent remains near its historic low. Still, the city did not raise its revenue forecast … elevated over the longer term as changes in the business cycle are inevitable. Future state actions represent the most …

XI.2.H Multiyear Contracts – XI. Procurement and Contract Management

… for which the corresponding appropriation is provided. Fund reservation allocations for future periods are the …

Infrastructure Inspection and Maintenance

… years – and some not at all. The Corporation’s process for determining Inspection and maintenance priorities is inconsistent, and the basis for decisions is sometimes unclear. In numerous instances, we … and effectiveness of the Inspection scheduling process for high- and intermediate-importance structures. Work with …

Opinion 99-14

… officials have a fiduciary duty to secure the best price obtainable in their judgment or the most beneficial … be the one which the board believes will yield the best price or maximum financial benefits (see, e.g., Feldman v … or tools to be traded-in, for purposes of determining the low bid. 2   For purposes of this opinion, we assume that the …

Financial Data: What is the general schedule/cycle of data availability?

… There is a lag between the end of a locality’s fiscal year and when that locality’s reviewed annual financial report data becomes available to requesters. The major … filed (in preliminary form) and reviewed. … Financial Data What is the general schedulecycle of data availability …

Emerging Manager Definition and Life Cycle

… a Universal Definition and Life Cycle Stages to assist in consistent screening, monitoring and progression of potential candidates for inclusion in the program, independent of asset class considerations. … Majority owner-managed Verifiable successful track record in the proposed strategy Manager orientation towards …

II.3 New York State Financial Cycle – II. New York State Financial Accounting

DiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population

… has repeatedly failed to conduct outreach it was hired for, according to an audit released today by New York State … “Homeless outreach in the subway has been so shoddy and with so little oversight from DHS and MTA, that it should … men and women badly served and straphangers fending for themselves in increasingly difficult circumstances.” …

Overpayments to Managed Care Organizations and Hospitals for Low Birth Weight Newborns (Follow-Up)

… of implementation of the four recommendations included in our initial audit report, Overpayments to Managed Care Organizations and Hospitals for Low Birth Weight Newborns (Report 2013-S-57). Background … The State’s Medicaid program reimburses providers for newborn services using the fee-for-service and managed …

Medicaid Program – Overpayments to Managed Care Organizations and Hospitals for Low Birth Weight Newborns

… overpaid managed care organizations and hospitals for low birth weight newborn claims. The audit covered the period … effective April 1, 2012, MCOs receive a “Supplemental Low Birth Weight Newborn Capitation Payment” (low birth weight kick payment) for each enrolled newborn …

XI-A.8 Payment Tolerances – XI-A. Purchasing

… This situation required Business Unit staff to create a change order for the PO to correct the voucher match … functionality in SFS without having to process as many PO change orders for variances that result in small dollar match … intervention. Business Units are required to process PO change orders for POs with match exceptions. If a PO fails …

State Agencies Bulletin No. 1581

… 1, 2017, the Low Gross and Low Tax amounts are changing for Married and Single Tax status. Effective Date(s) …

XI.11.G Equipment Acquisition – XI. Procurement and Contract Management

… OVERVIEW The purpose of this section is to provide guidance to state agencies on the procurement of equipment, including: … the determination of need, a decision must be made as to how the equipment should be procured, i.e. whether the …

State Comptroller DiNapoli: $360M Needed to Repair Local Dams

… across New York are facing an estimated $360 million price tag to fix locally-owned dams that are considered a … in New York at $360 million. But this estimate could be low given that the recent reconstruction of the Gilboa Dam in … across New York are facing an estimated $360 million price tag to fix locallyowned dams that are considered a high …

DiNapoli: Vendor Boosted Fuel Costs During Superstorm Sandy Recovery

… gallons of fuel, adding nearly $20,000 to the purchase price and using other companies to deliver the fuel. … DiNapoli’s report concludes that DMNA paid an inflated price for the fuel, up to $1.68 more per gallon than the price offered on state centralized contracts. The rate could …