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Investors Reach Settlement with Wynn Resorts
… and directors of Wynn Resorts Ltd. claiming they failed to protect the company and employees from former CEO Steve … announced today. “We filed our lawsuit in response to serious and repeated allegations of sexual misconduct by Steve Wynn and the prior board’s alleged failure to stop it,” DiNapoli said. “We are gratified that the …
https://www.osc.ny.gov/press/releases/2019/11/investors-reach-settlement-wynn-resortsOpinion 2000-10
… opinion. MUNICIPAL FUNDS -- Mandatory Reserve Fund (need to establish when property sold was funded in part with Urban … from the Urban Development Corporation ("UDC") pursuant to an act of the State legislature which requires the county to enter into a repayment agreement with the UDC providing …
https://www.osc.ny.gov/legal-opinions/opinion-2000-10Opinion 2004-3
… to Article VIII, §11(b) for two reasons. First, the application of Article VIII, §11(b) should not depend on the …
https://www.osc.ny.gov/legal-opinions/opinion-2004-3State Contract and Payment Actions in May
… $8.6 million with NYSARC, Inc., NYC Chapter, $4.7 million to QSAC, Inc. and $4.1 million with Sinergia, Inc. Department … $40.1 million with National Railroad Passenger Corp. to implement positive train control. $7 million with Hardesty … tax credits. Department of Civil Service $25 million to Beacon Health Options, Inc. for the New York State Health …
https://www.osc.ny.gov/press/releases/2018/06/state-contract-and-payment-actions-mayDiNapoli Releases Bond Calendar for Third Quarter
… The anticipated new issuances in the third quarter compare to past planned new issuances of approximately $3.61 billion … was created by Gubernatorial Executive Order primarily to coordinate the borrowing activities of the state, New York … scheduled at the request of the issuer and done pursuant to their borrowing programs. The third quarter new money …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-releases-bond-calendar-third-quarterDiNapoli Releases Bond Calendar for Fourth Quarter
… anticipated new issuances in the fourth quarter compare to past planned new issuances of $6.51 billion during the … was created by Gubernatorial Executive Order primarily to coordinate the borrowing activities of the state, New York … scheduled at the request of the issuer and done pursuant to their borrowing programs. The fourth quarter new money …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-releases-bond-calendar-fourth-quarterDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… debt and the impacts of federal policies, according to a report released today by State Comptroller Thomas P. … from SFY 2018-19. “While New York’s economy continues to expand, gains in jobs, personal income and wages are projected to slow,” DiNapoli said. “The Enacted Budget plan addresses …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansCost-Saving Ideas: Monitoring Health Insurance Premiums for Retirees
… and school districts, employees have the option to receive health insurance coverage after retirement. Among … a period of time after the eligible retiree dies. required to contribute to the health insurance coverage costs. offered subsidized …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-monitoring-health-insurance-premiums-retireesSUNY Bulletin No. SU-160
… scheduled shifts in a hospital or clinic and are assigned to specific areas are eligible for Standby/On-Call Pay and … is additional compensation for an employee who is required to be available for immediate recall, and who must be prepared to return to duty within a reasonable period of time. In the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-160-standbyon-call-pay-and-recall-pay-suny-uupState Agencies Bulletin No. 1886
… Purpose The purpose of this bulletin is to provide agencies with instructions on how to update a Tier 6 employee’s Retirement Plan page due to the two-year look back. Affected Employees Tier 6 New York …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1886-two-year-look-back-tier-6-voluntary-defined-contribution-program-vdcPublic-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… associated with forming those partnerships, according to a report released today by State Comptroller Thomas P. … DiNapoli said. “The big question is, how are we going to pay for that? Public-private partnerships are a good option to look at, but those partnerships don’t come risk-free. It …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedVII.3.C AP Adjustment Voucher Document Review – VII. State Revenues and Appropriated Loan Receivables
… and then deleted. It is the agency’s responsibility to prepare and submit any new transactions and required … are notified by BSAO – Budgets that a correction needs to be made. Transactions must be posted to avoid reconciliation issues between the bank and the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3c-ap-adjustment-voucher-document-reviewOpinion 89-17
… the opinion. SCHOOL DISTRICTS -- Reserve Fund (authority to establish fund to pay tax certiorari claims) REAL PROPERTY TAXES AND … -- Certiorari Proceedings (authority for school district to establish reserve fund to pay certiorari claims) EDUCATION …
https://www.osc.ny.gov/legal-opinions/opinion-89-17Public Health – 2022 Financial Condition Report
… Medicaid spending grew by $5.2 billion (22.9 percent) to $27.7 billion in SFY 2021-22, its highest level ever, due in part to higher enrollment levels impacted by federal restrictions … with a State share total of $1.7 billion from SFY 2021-22 to SFY 2022-23. Nearly 9 Million New Yorkers Benefited from …
https://www.osc.ny.gov/reports/finance/2022-fcr/public-healthDiNapoli: Agriculture Report Reveals Economic Growth and Challenges Facing New York Farms
… employ thousands of people and contributed $2.7 billion to the state’s gross domestic product in 2022. Access to fresh, healthy food also adds to the quality of life in the state, but this local food …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-agriculture-report-reveals-economic-growth-and-challenges-facing-ny-farmsState Contract and Payment Actions in September
… Comptroller’s review and approval of contracts related to the COVID-19 crisis until Nov. 3, 2020. At the … with Erie 1 Board of Cooperative Educational Services to manage statewide student and educator data repository. … water quality improvement projects including $5 million to the Albany Water Board, $5 million to the Belgrave Water …
https://www.osc.ny.gov/press/releases/2020/10/state-contract-and-payment-actions-septemberEducators for Children, Youth and Families, Inc. – Use of Contract Funds (Follow-Up)
… of implementation of the three recommendations included in our initial audit report, Educators for Children, Youth … claims amounting to $1.8 million, out of $3.2 million in contract payments, to determine if the claims were … fraudulent transactions to an inactive Board of Directors. In addition, we found no evidence that there were any …
https://www.osc.ny.gov/state-agencies/audits/2013/08/13/educators-children-youth-and-families-inc-use-contract-funds-followAfton Fire Company Emergency Squad – Internal Controls Over Financial Operations (2013M-275)
… Purpose of Audit The purpose of our audit was to determine whether Company controls are adequate to ensure that financial activity is properly recorded and … moneys are safeguarded for the period January 1, 2011 to August 6, 2013. Background The Afton Hose Company …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/01/03/afton-fire-company-emergency-squad-internal-controls-over-financialPoughkeepsie City School District – Internal Controls Over Purchasing and Claims Processing (2012M-179)
… Purpose of Audit The purpose of our audit was to examine internal controls over claims processing and purchasing for the period July 1, 2010, to March 31, 2012. Background The Poughkeepsie City School … on a contract with a certified public accountant (CPA) to provide services as the District’s claims auditor and the …
https://www.osc.ny.gov/local-government/audits/school-district/2013/01/11/poughkeepsie-city-school-district-internal-controls-over-purchasing-andVillage of Huntington Bay – Compensation of Officials and Credit Cards (2012M-198)
… Purpose of Audit The purpose of our audit was to examine the Village’s method of compensating Village … for any purchases; it did not specify who was authorized to use the credit cards, for what purpose the cards could be … usage. The Village had two major credit cards, one issued to the Mayor and one issued to the Administrator. The Mayor …
https://www.osc.ny.gov/local-government/audits/village/2013/02/08/village-huntington-bay-compensation-officials-and-credit-cards-2012m-198