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DiNapoli: MTA Financial Outlook in Precarious Balance
… the MTA needs to address before emergency federal funds dry up in 2025. After that, the MTA faces enormous … savings and revenue measures, it will begin using borrowed funds a year earlier, in 2024. DiNapoli has long cautioned … to cover operational costs runs the risk of reducing funds for the MTA’s badly-needed capital investments. …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-mta-financial-outlook-precarious-balanceDiNapoli: State Financial Condition Improving
… spending estimates by the Assembly indicate that All Funds spending in the Enacted Budget will total $150.3 … million was deposited into the state’s statutory reserve funds in March. The budget also authorizes higher annual … bolstering state reserves, provide greater assurance that funds will be available when truly needed and will only be …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-state-financial-condition-improvingHousing Trust Fund Corporation – Internal Controls Over and Maximization of Federal Funding for Various Section 8 Housing Programs and the COVID Rent Relief Program
… three programs, as follows: $2.6 billion in standard HCV funds with an additional $31.7 million in CARES Act funding … April 1, 2017 and June 9, 2021; $6.8 billion in PBCA funds between April 1, 2017 and June 9, 2021; and $47.2 … and prevent potential reduction or loss of federal funds. This should include but not be limited to increased …
https://www.osc.ny.gov/state-agencies/audits/2023/03/16/housing-trust-fund-corporation-internal-controls-over-and-maximization-federal-fundingDirect Deposit Program
… With direct deposit, your pension payment is deposited directly into your bank account on the last business day of each month. Our Pension Payment Calendar lists the schedule of direct deposit dates by month. Not using direct …
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programXVII.4 Questions – XVII. Lapsing Appropriations
… regarding contract transactions that will utilize lapsing funds to the Bureau of Contracts at (518) 474-4622. Please …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii4-questionsComptroller DiNapoli Releases School Audits
… within the year-end statutory limit for unexpended surplus funds, district officials transferred money to reserve funds and consistently appropriated unexpended surplus funds to reduce the tax levy. North Bellmore Union Free …
https://www.osc.ny.gov/press/releases/2014/07/comptroller-dinapoli-releases-school-audits-1DiNapoli: Audit Identifies $800,000 in Ineligible Costs Submitted by NYC Special Education Provider
… that claimed $800,000 in costs that were not eligible for reimbursement. “The State Education Department instructs … in Milestone’s gross compensation charges; $105,632 in salary to three employees, including the executive director. … $4,495 in holiday and staff appreciation gifts; $2,470 in salary for a teacher’s assistant. Milestone charged the state …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-audit-identifies-800000-ineligible-costs-submitted-nyc-special-education-providerPresident of Gingerbread Learning Center and Wife Sentenced for Stealing Approximately $771,000 from Special Needs Pre-School
… husband and wife stole approximately $771,000 in public funds by falsifying business records for The Gingerbread … the course of the scheme, the defendants diverted public funds to purchase personal items including; landscaping for … Police Department, these individuals must pay back the funds they stole. We will continue to work with law …
https://www.osc.ny.gov/press/releases/2019/06/president-gingerbread-learning-center-and-wife-sentenced-stealing-approximately-771000-special-needsComptroller DiNapoli Releases Municipal Audits
… of unexpended surplus fund balance. Unexpended surplus funds were consistently more than the actual expenditures in … analyze and calculate cost allocations for its enterprise funds including the boat basin fund. Although the cost … village, highway–town-wide and highway–outside village funds; the fire district; and the water and lighting …
https://www.osc.ny.gov/press/releases/2014/01/comptroller-dinapoli-releases-municipal-auditsDiNapoli: Corporations to Disclose Political Spending
New York State Comptroller Thomas P DiNapoli as trustee of the New York State Common Retirement Fund Fund announced today that Goodyear Tire and Rubber Co
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-corporations-disclose-political-spendingDiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… average contribution rates for the State Fiscal Year 2023-24 will increase from 11.6% to 13.1% of payroll for the … Comptroller on Actuarial Assumptions Related Reports First Quarter Investment Returns for 2022-23 Fiscal Year End …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024Comptroller DiNapoli & A.G. Schneiderman Announce Guilty Plea Of Former Halfmoon Town Supervisor For Stealing Campaign Funds
… an elected official abuses the process and steals campaign funds,” said State Comptroller Thomas DiNapoli. "I greatly … public officials who violate the law by misusing campaign funds will be held accountable,” said Attorney General … Law. Wormuth also agrees to contribute any remaining funds of that campaign committee to a charity that is …
https://www.osc.ny.gov/press/releases/2015/08/comptroller-dinapoli-ag-schneiderman-announce-guilty-plea-former-halfmoon-town-supervisor-stealingSelected Aspects of Discretionary Spending
… have an obligation to authorize the expenditure of funds only for purposes that relate to and support the … resources of the Authority and protect against the use of funds for purposes that do not advance its core purpose and … policy on the proper use of Authority discretionary funds that clarifies for all employees what would and would …
https://www.osc.ny.gov/state-agencies/audits/2013/12/10/selected-aspects-discretionary-spendingState Comptroller DiNapoli Releases Municipal Audits
… (Jefferson County) Overall, auditors found court funds were properly recorded, deposited and reported during … bank account. City of Hornell – Foreign Fire Insurance Funds (Steuben County) Officials did not adopt policies and … The Justice Court did not properly account for court funds. The Justice was unaware that in August 2016 the court …
https://www.osc.ny.gov/press/releases/2021/03/state-comptroller-dinapoli-releases-municipal-auditsNY ABLE Program Helps New Yorkers With Disabilities Cover Costs
… with a secure and practical way to save and invest funds without jeopardizing their eligibility for many … from NY ABLE accounts are tax free provided the funds are used for qualified disability expenses.** These … and housing, among other expenses. Users can access funds in several ways, including an optional checking account …
https://www.osc.ny.gov/press/releases/2017/12/ny-able-program-helps-new-yorkers-disabilities-cover-costsState Comptroller DiNapoli Releases Municipal & School Audits
… in the general, water, wastewater, refuse and boardwalk funds were ($6,827,480), ($1,163,085), ($247,482), $0 and $0; … a planned deficit in water, wastewater and boardwalk funds, which will further negatively impact the city’s … As a result, the village has an increased risk that funds could be lost, misused or misappropriated. Auditors …
https://www.osc.ny.gov/press/releases/2024/12/state-comptroller-dinapoli-releases-municipal-school-audits-0State Comptroller DiNapoli Releases Municipal & School Audits
… reserves by nearly $1.9 million and did not use funds held in six reserves with balances totaling $10 million. Orleans County – Court and Trust Funds Pursuant to a court order, certain assets may be … the timeframes established by town law. As a result, funds were not provided to finance town and county operations …
https://www.osc.ny.gov/press/releases/2024/12/state-comptroller-dinapoli-releases-municipal-school-audits-1DiNapoli: New York State Common Retirement Fund Reaches Agreements With Portfolio Companies on Political Spending
… Investors should know if companies are using corporate funds for political purposes, especially now in an election …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-new-york-state-common-retirement-fund-reaches-agreements-portfolio-companies-politicalIX.12.R Major Federal Programs Subject to CMIA Agreement – IX. Federal Grants
… 2024) that governs the State’s cash management of Federal funds. Federal Funds – Major Program Threshold The Cash Management … efficiency, effectiveness and equity in the exchange of funds between the states and the federal government, for most …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12r-major-federal-programs-subject-cmia-agreement-sfy-2019-20NY State Comptroller DiNapoli Statement on Pension Fund's Ranking as Top U.S. Investor Battling Climate Risk
New York State Comptroller Thomas P DiNapoli released the following statement today after the Asset Owners Disclosure Project named the New York State Common Retirement Fund as the number one US pension fund and the third globally for its work to address climate risk
https://www.osc.ny.gov/press/releases/2018/09/ny-state-comptroller-dinapoli-statement-pension-funds-ranking-top-us-investor-battling-climate-risk