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DiNapoli: Wall St. First Half Profits Total $13 Billion, Down From 2022
… in 2007, before the global financial crisis. Profits In 2022, the city’s securities industry profits of $25.8 billion … profits could fall to $24.7 billion, from $25.8 billion in 2022. However, economic uncertainties could cause profits to … firms’ interest expenses were seven times higher in 2022 than in 2021. Market expectations are generally that …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-wall-st-first-half-profits-total-13-billion-down-2022Nursing Home Surveillance (Follow-Up)
… Purpose To determine the extent of implementation of the four recommendations included in our initial audit … some cases resulting in delays of up to six years between when the violation was cited and the resulting fine was …
https://www.osc.ny.gov/state-agencies/audits/2018/03/08/nursing-home-surveillance-followCobleskill-Richmondville Central School District – Fund Balance Management (2022M-47)
… Central School District (District) Board of Education (Board) and officials effectively managed fund … appropriations from 2018-19 through 2020-21 by an average of $2.8 million, or 6.6 percent, and appropriated fund … Adopt realistic budgets and appropriate fund balance only when needed to fund operations. Reduce surplus fund balance …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/12/cobleskill-richmondville-central-school-district-fund-balance-managementWarren County Local Development Corporation – Revolving Loan Program (2021M-102)
… (Corporation) officials provided adequate oversight of the revolving loan program. Key Findings Corporation officials did not provide adequate oversight of the revolving loan program. For the 15 active loans, we … written policies and procedures outlining actions to take when job creation and/or retention goals are not met. Board …
https://www.osc.ny.gov/local-government/audits/local-development-corporation/2021/12/22/warren-county-local-development-corporation-revolving-loanOpinion 92-28
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion …
https://www.osc.ny.gov/legal-opinions/opinion-92-28Opinion 94-1
… This opinion represents the views of the Office of the State Comptroller at the time it was … allowance for services rendered by salaried town employees when such services are necessary to or occasioned by reason … Municipal Home Rule Law (Municipal Home Rule Law, §10[1][i],[ii]), including the compensation of its officers …
https://www.osc.ny.gov/legal-opinions/opinion-94-1Parkland Alienation (2014-MS-5)
… letter reports to the following municipalities: Towns of Amherst [pdf] , Clifton Park [pdf] , East Greenbush [pdf] … December 31, 2013. Background "Parkland alienation" occurs when a municipality wishes to sell, lease or discontinue the … and dedicate additional facilities or capital improvements when needed in accordance with the legislation. Ensure that a …
https://www.osc.ny.gov/local-government/audits/city/2015/05/15/parkland-alienation-2014-ms-5Unified Court System Bulletin No. UCS-142
… Purpose To explain processing of the Prepaid Legal Service Benefit for tax purposes for the … Revenue Code, Section 61, it is required that the value of employer-funded group legal service benefits be considered … only apply to members of District Council 37. Effective Date Paychecks dated December 10, 2008 (Administration) OSC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-142-prepaid-legal-service-benefit-unified-court-system-employeesOpinion 91-6
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … government may not, by local law, authorize the purchase of commodities from vendors holding federal General Services …
https://www.osc.ny.gov/legal-opinions/opinion-91-6Hicksville Water District – Competitive Quotations (2013M-233)
… Purpose of Audit The purpose of our audit was to assess the internal … payment voucher or purchase order in our sample. Further, when purchases were made from State or County contracts, they … are ensuring compliance with their own purchasing policy when approving the claims vouchers for payment. Key …
https://www.osc.ny.gov/local-government/audits/district/2013/10/25/hicksville-water-district-competitive-quotations-2013m-233DiNapoli: MTA Financial Outlook in Precarious Balance
… needs to address before emergency federal funds dry up in 2025. After that, the MTA faces enormous budget shortfalls … in 2023, $2.8 billion in 2024 and $3.3 billion in 2025) predominantly through the use of $10.5 billion in … by an average of 4.2%, higher than projected inflation. In 2025, when federal aid runs out, the MTA plans to balance its …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-mta-financial-outlook-precarious-balanceState Agencies Bulletin No. 130
… Employees in Negotiating Units 02, 03, 04 and 87 Effective Date April, 1999 Processing by Jardine Group Services Jardine Group Services will process the initial input of transactions to OSC for the deduction code 317, CSEA …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/130-csea-universal-life-programIII.6 SFS Reporting – III. Statewide Financial System (SFS)
… to meet the business management and documentation needs of agency financial system users. Inquiry screens give agency … peak number of users accessing the SFS at any given time. When possible, agency financial system users should work with … information and may experience a greater delay between when a transaction occurred and when it would be reflected in …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii6-sfs-reportingDiNapoli: Local Sales Tax Collections Up 1.4% in Third Quarter
… growth, local officials should temper their expectations for future sales tax revenues.” Local sales tax collections … the state. Aggregate growth in third quarter collections for the counties and cities in the rest of the state was …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-local-sales-tax-collections-up-1-point-4-percent-third-quarterState Agencies Bulletin No. 919
… a retroactive pay increase for military stipend Effective Date(s) August 19, 2009 Background Recent changes in tax … taxes. Payroll Bulletin No. 914 (Change in Taxation of Military Stipend) explained the regulation and described … military stipend beginning in Pay Periods 9L and 10L. When an employee receives both military stipend pay and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/919-taxation-retroactive-raise-payments-employees-receiving-military-stipendInappropriate Payments Related to Procedure Modifiers (Follow-Up)
… Objective To determine the extent of implementation of the two recommendations made in our initial audit report, … payments we identified. Of the initial report’s two audit recommendations, one was implemented and one was not implemented. Key …
https://www.osc.ny.gov/state-agencies/audits/2019/07/31/inappropriate-payments-related-procedure-modifiers-followRebates and Discounts on Physician-Administered Drugs (Follow-Up)
… Purpose To determine the extent of implementation of the five recommendations included in our initial audit … Providers are required to pass on the savings to Medicaid when they submit claims for 340B drugs. Our initial audit …
https://www.osc.ny.gov/state-agencies/audits/2014/03/06/rebates-and-discounts-physician-administered-drugs-follow“Nation’s Report Card” Underscores New York’s Need for Academic Recovery
… fourth graders, for whom math proficiency declined 14 percentage points. 7 In 2022, proficiency rates were 55 … spent. The second round (ESSER II) was passed in December 2020, as part of the Coronavirus Response and Relief … States: The Hurt Could Last a Lifetime , McKinsey & Co., June 1, 2020, at …
https://www.osc.ny.gov/reports/nations-report-card-underscores-new-yorks-need-academic-recoverySUNY Bulletin No. SU-141
… employees in Bargaining Unit 08 Background Chapter 137 of the Laws of 2004 implements the agreement between the State of New … paid through the New York State payroll system. Effective Date(s) SUNY System Administration has designated pay periods …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-141-uup-1-discretionary-increaseAccounts Payable Advisory No. 58
… facilitate the SFS functionality that prevents the payment of duplicate invoices. When an agency enters a duplicate …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/58-unique-invoice-number-requirements