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III.3 Scope of the SFS – III. Statewide Financial System (SFS)
… State Legislature and the Division of the Budget (DOB). Internal plans made by agency management are also recorded. … allows agencies to monitor performance against their internal financial plans along Organization, Program, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii3-scope-sfsState Comptroller DiNapoli Releases School District Audits
… not maintain complete and accurate hardware or software inventory records and did not perform comprehensive inventory counts. Auditors’ review of 529 purchased items, … In addition, the last comprehensive physical inventory count was conducted in 2003. Putnam Central School District – …
https://www.osc.ny.gov/press/releases/2020/07/state-comptroller-dinapoli-releases-school-district-audits-1DiNapoli Calls for Reforms to State Fiscal Practices
… state’s fiscal practices, including limiting discretionary lump sum spending, restricting “backdoor spending” by public … spending and financing activities. Eliminate discretionary lump sum appropriations. The state spends billions of dollars …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-calls-reforms-state-fiscal-practicesReview of the Financial Plan of the City of New York - March 2012
In June 2011, New York City projected a balanced budget for FY 2012 but a large budget gap of $4.6 billion in FY 2013, and even larger gaps in subsequent years.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-16-2012.pdfHow the Program Works – Contribution Stabilization Program
… For purposes of the CSP, the normal annual contribution is the employer’s total invoice, excluding payments for group … established by the law enacting the CSP. NYSLRS determines what an employer’s contribution would be using the graded … fixed rate securities of appropriate duration held by the New York State Common Retirement Fund (Fund). That rate of …
https://www.osc.ny.gov/retirement/employers/csp/how-program-worksDiNapoli: Billions Needed for Repairs to Local Bridges
… up with the remainder. In addition, the Federal Emergency Management Agency provides grants for damage caused by …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-billions-needed-repairs-local-bridgesDiNapoli: CDTA Overtime Expenses and Ridership Growing
… The Capital District Transportation Authority’s (CDTA) reported overtime payments accounted for 20 percent of the authority’s total employee compensation … a vital service for Capital Region residents, employers and educational institutions,” DiNapoli said. “After a dip in …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-cdta-overtime-expenses-and-ridership-growingCost-Saving Ideas: Overtime Planning and Management
… including pension benefits, are large expenses for New York's local governments and school districts. These costs … negotiated in union contracts. If considering the use of an AWS, a local government or school district should also …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-overtime-planning-and-managementMedicaid Program – Impact of Rejected Encounters on the Collection of Drug Rebates
… to DOH on encounter claims to DOH’s encounter system. DOH and its rebate contractor use the drug utilization … submit rebate invoices to drug manufacturers. Key Findings For the period from January 2018 through March 2023, we … system controls. We found that DOH does not have a process for performing detailed reviews of rejected encounter claim …
https://www.osc.ny.gov/state-agencies/audits/2024/12/23/medicaid-program-impact-rejected-encounters-collection-drug-rebatesDiNapoli: 22 School Districts Designated in Fiscal Stress
… were designated in some level of fiscal stress under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress … level of stress. This release of scores, which excludes New York City and the “Big Four” City School Districts of … in “significant fiscal stress,” the highest category – New Suffolk Common School District (CSD) in Suffolk County …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-22-school-districts-designated-fiscal-stressDiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan
… York State Comptroller Thomas P. DiNapoli today announced a new reduction in management fees for the state’s 529 … Savings Program has provided more than $524 million to help parents across the state pay for college this year,” … in low-cost Vanguard index funds, are designed to become more conservative portfolios over time until the child …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planDiNapoli: Numbers of Homeless Population Doubled in New York
… between January 2022 and January 2024, according to a report released today by New York State Comptroller Thomas … and more families are running out of options and ending up on the street or in shelters,” DiNapoli said. “Many of the … of asylum seekers that came to New York had no place to stay and drove up spending and a large portion of the growth …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-numbers-homeless-population-doubled-new-yorkDiNapoli: Audit Reveals Hiring and Budgeting Problems in Brentwood School District
… of poor budgeting led the Brentwood Union Free School District to accumulate excessive fund balance as well as … administrative positions filled during the audit period, many of which were temporary. District officials also did not … than 50,000 state contracts, visit www.openbooknewyork.com . The easy-to-use website was created by DiNapoli to …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-reveals-hiring-and-budgeting-problems-brentwood-school-districtDiNapoli: Tax Cap Set at 2% in 2023
… Property tax levy growth will again be capped at 2% for 2023 for local … State Comptroller Thomas P. DiNapoli. This figure affects tax cap calculations for all counties, towns, and fire districts, …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-tax-cap-set-2-percent-2023DiNapoli Releases Review of First Quarter State Revenue Collections
… finances, but how this money will be used is still up for debate.” DiNapoli’s report on the state’s first-quarter … $632.3 million, or 3.3 percent, lower than collections for the same period last year, primarily reflecting a $1.6 … expected from the settlement with $298 million anticipated for the chemical dependency fund. DiNapoli’s report notes …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-releases-review-first-quarter-state-revenue-collectionsPublic Authorities
… Public authorities are public benefit corporations created to further public … Data on Public Authorities Open Book New York is a free, searchable database with financial information about … State and local public authorities dating back to 2007. You can search two reports: Summary Financial Information: …
https://www.osc.ny.gov/public-authoritiesThe Retail Sector in New York City: Recent Trends and the Impact of COVID-19
… This applies to PPP loans and County Business Patterns reports. For comparability purposes with PPP data, firm data …
https://www.osc.ny.gov/reports/osdc/retail-sector-new-york-city-recent-trends-and-impact-covid-19DiNapoli: State's Cash Position is Strong
… more is on the way. The level of tax receipts is important for purposes of ongoing budget balance, and we are seeing …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongTown of Deerpark – Budget Review (B6-16-18)
… review was to determine whether the significant revenue and expenditure projections in the Town’s preliminary budget for the 2017 fiscal year are reasonable. Background The Town … operating deficits to submit their preliminary budgets for the next fiscal year to the State Comptroller for review …
https://www.osc.ny.gov/local-government/audits/town/2016/11/10/town-deerpark-budget-review-b6-16-18Town of Deerpark – Budget Review (B6-15-23)
… Purpose of Audit The purpose of our budget review was to determine … revenue and expenditure projections in the Town’s preliminary budget for the 2016 fiscal year are reasonable. … budget are reasonable. The amount of appropriated fund balance in the general and highway fund budgets represent 21 …
https://www.osc.ny.gov/local-government/audits/town/2015/11/06/town-deerpark-budget-review-b6-15-23