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DiNapoli: New York’s Workforce Development Programs Lack Governance and Coordination
… there are just two career centers each in Suffolk County and the Bronx to serve working age populations in …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-new-yorks-workforce-development-programs-lack-governance-and-coordinationState Comptroller DiNapoli Releases Audits
… with the goal of creating jobs and increasing private investment. While ESD has effective practices for monitoring …
https://www.osc.ny.gov/press/releases/2020/08/state-comptroller-dinapoli-releases-auditsDiNapoli: MTA Financial Outlook in Precarious Balance
… of higher spending, the winding down of federal aid, the risk of permanently lower ridership levels, the … needs to address before emergency federal funds dry up in 2025. After that, the MTA faces enormous budget shortfalls … financing, a dangerous practice of long-term borrowing to pay for short term needs like cleaning and maintenance. Of …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-mta-financial-outlook-precarious-balanceDiNapoli: MTA Needs to Refocus Attention on Overdue Upgrades and Preparations for Extreme Weather
… and its most recent 20-year needs assessment shows many capital needs are overdue for attention, according to … resiliency work beyond what was already planned to recover from Superstorm Sandy and mitigate against similar storms. … to the system, not just when they’re completed; tracking how completed projects change the MTA’s state of good repair …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-mta-needs-refocus-attention-overdue-upgrades-and-preparations-extreme-weatherDiNapoli: Shift in MTA's Paratransit Program Generates Cost Savings
… in savings in 2022, according to a report released today by State Comptroller Thomas P. DiNapoli. Still, some measures … services, known as Access-A-Ride (AAR), in the five boroughs. NYCT’s services, with nearly 180,000 users, is the … how station choices are being made by aligning it with the population of persons with disabilities. In particular, the …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-shift-mtas-paratransit-program-generates-cost-savingsMitigation for Extreme Weather Conditions and Flooding
… 2019; however, it will not be completed until December 2024 – over 5 years later. We were advised that delays …
https://www.osc.ny.gov/state-agencies/audits/2024/03/13/mitigation-extreme-weather-conditions-and-floodingNew York Local Government Assistance Corporation
… Law, its existence has been terminated as of October 1, 2022. Contacts: Pat Reale ( [email protected] ) Chuck … were met or otherwise discharged. As of April 1, 2022, the Corporation’s liabilities were met, and all … the Corporation’s existence was terminated on October 1, 2022. 1 Part JJ of Chapter 56 of the Laws of the State of …
https://www.osc.ny.gov/debt/lgacHousing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (2021-S-10) 180-Day Response
To determine whether Homes and Community Renewal (HCR) has established and maintains adequate internal controls to oversee and monitor the federally funded Community Development Block Grant program and HOME Investment Partnerships Program to ensure they meet requirements, and whether ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-21s10-response.pdfHousing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for CDBG and HOME (Follow-Up) (2023-F-42)
To determine the extent of implementation of the recommendation included in our initial audit report, Housing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Report 2021-S-10).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23f42.pdfDiNapoli: Brooklyn Economy Sets Records
… and the second most densely populated county in the nation after Manhattan. Its population grew by 19 percent since 1980 … positive direction," said Congressman Jerrold Nadler (D-NY). “The borough’s record business growth and low … said Doug Steiner, chairman of Steiner Studios . "The tax credit program makes money for the state while generating …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-brooklyn-economy-sets-recordsOctober 2001: Fund Financial Statements
… financial reports for submission to the Comptroller on a fund-by-fund basis. As stated in our June 2002 accounting … on the changes associated with accounting and reporting of trust funds. Other changes, dealing with terminology and …
https://www.osc.ny.gov/local-government/publications/october-2001-fund-financial-statementsWall Street Bonuses Rose In 2012
… U.S. (whose global activities extend beyond securities and investment banking to include commercial and retail banking), …
https://www.osc.ny.gov/press/releases/2013/02/wall-street-bonuses-rose-2012Effectiveness of the Information Technology Transformation
… of the Governor’s Spending and Government Efficiency Commission (Commission). The Commission’s Final Report was issued in February 2013 and …
https://www.osc.ny.gov/state-agencies/audits/2016/08/24/effectiveness-information-technology-transformationOpinion 93-9
… receiving various forms of public assistance (see Social Services Law, §§331[1], 336[1][a], 336-a; see also 18 NYCRR …
https://www.osc.ny.gov/legal-opinions/opinion-93-9DiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… to build reserves and other budgetary cushions, but many of the questions plaguing the city’s economy remain out of … additional extraordinary federal aid, a record year for pension returns in FY 2021 and savings from … analysis suggests the city’s pension contributions will need to rise again to make up a shortfall of approximately …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeDiNapoli: Debt Adding to MTA's Financial Pressures With Riders and Fare Revenue Slow to Return
… in one-time federal aid to balance its budgets through 2025. By 2026, the MTA faces a budget gap of over $2 billion … to borrow to pay for operating costs, as is planned for 2025. DiNapoli called on the MTA to work with its federal, … revenue will be used to pay down debt from 2021 through 2025, and the MTA is targeting its debt burden to remain …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-debt-adding-mtas-financial-pressures-riders-and-fare-revenue-slow-returnDiNapoli: Tax Collections Down $1.3 Billion in First Half of Fiscal Year
… every effort to ensure that remaining settlement dollars pay for essential capital and other one-time investments, …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-tax-collections-down-13-billion-first-half-fiscal-yearII.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… of the proportionate share of the net pension liabilities, employer contributions, and changes in the net pension …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsAccounting for Capital Assets
A municipality's inventory of capital assets often represents its most significant investment of resources. This session will cover the proper accounting for these valuable assets. We will also discuss best practices to ensure these assets are properly safeguarded from theft or loss.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-capital-assets-110624.pdfOpinion 96-4
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … 753, 251 NYS2d 939; see also Wells v Town of Salina , 119 NY 280). Village Law, §1-102(1) authorizes a village to sell … a contract providing for one or more of the alternative forms of the transaction at issue depends on whether the …
https://www.osc.ny.gov/legal-opinions/opinion-96-4