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Gov. Cuomo's Executive Order on Limits on Administrative Costs & Executive Compensation

Posted by Elizabeth A. Bidjov, CPA

Jan 29, 2014 2:56:00 PM

Governor Cuomo issued Executive Order #38 in January of 2012 charging State agencies to implement regulations to place limitations on (1) the allowable ratio of administrative costs to direct care costs and (2) executive compensation for certain service providers that receive State financial assistance or State-authorized payments.  Final regulations were adopted for fiscal years beginning July 1, 2013 and covered providers must file disclosure forms within 180 days of the last day of their covered reporting period.  Find out whether this legislation applies to your entity, how to assess compliance with these limitations, and how to prepare for the first year of reporting.

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Topics: 1099, OMH, OPDD, consolidated fiscal report, eo#38, eo#38 disclosure form, andrew cuomo, w-2, admin expenses, cfr, executive order number 38, executive compensation, doh, department of health, Osfs

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