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Independent Oversight: OSC's Contract Review Safeguards Public Funds
… completed in an average of just 5.3 days in 2021. A bill to statutorily restore certain OSC oversight authority for … billions of dollars may be spent without insight regarding how vendors are selected, and how reasonableness of contract … of transactions were completed within 15 days or less. (See Figure 2.) These results clearly demonstrate that the …
https://www.osc.ny.gov/reports/independent-oversight-osc-contract-review-safeguards-public-fundsNaples Central School District – Online Banking (2015M-143)
… both of the District’s banks are enabled, including an alert system that advises the Treasurer and Business Manager …
https://www.osc.ny.gov/local-government/audits/school-district/2015/09/11/naples-central-school-district-online-banking-2015m-143Town of Worcester – Claims Audit (2022M-145)
… – pdf ] Audit Objective Determine whether the Town of Worcester (Town) Town Board (Board) effectively audited … they plan to initiate corrective action. … audit town worcester …
https://www.osc.ny.gov/local-government/audits/town/2023/02/10/town-worcester-claims-audit-2022m-145Brighton Central School District – Procurement (2022M-205)
… complete report – pdf] Audit Objective Determine whether Brighton Central School District (District) officials made … our comments on issues raised in their response. … audit brighton school procurement …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/02/brighton-central-school-district-procurement-2022m-205Lynbrook Union Free School District – Purchasing (2022M-17)
… economical use of taxpayer money, and in the District’s best interest. For example, the purchasing agent: Approved …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/08/lynbrook-union-free-school-district-purchasing-2022m-17Town of Sanford – Claims Audit Process (2021M-189)
… to help ensure purchases are cost effective and in the best interest of taxpayers. Town officials generally agreed …
https://www.osc.ny.gov/local-government/audits/town/2022/03/04/town-sanford-claims-audit-process-2021m-189Fonda-Fultonville Central School District – Reserves Management (2021M-157)
… laws or best practices. The Board did not: Define the financial objectives including the purpose, funding goals, conditions for reserve fund use and replenishment. Obtain voter approval … Consult with legal counsel as to the appropriate remedy for addressing improper funding of and transfer of …
https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/fonda-fultonville-central-school-district-reserves-management-2021m-157Town of Owasco – Financial Management and Procurement (2021M-70)
… the prudent and economical use of public money in the best interests of the taxpayers. Key Findings The Board did …
https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-owasco-financial-management-and-procurement-2021m-70South Butler Fire District – Board Oversight of Financial Operations (2020M-155)
… action. Appendix B includes our comments on issues raised in the District’s response. … Determine whether the South …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/04/30/south-butler-fire-district-board-oversight-financial-operations-2020m-155Village of Unadilla – Procurement (2022M-182)
… Law (GML) Section 103 or the Village’s procurement policy. Of the 20 purchases we reviewed totaling $469,283, … totaling $57,898 which were subject to the procurement policy. Insurance coverage and professional services totaling …
https://www.osc.ny.gov/local-government/audits/village/2024/04/26/village-unadilla-procurement-2022m-182North Syracuse Central School District – Professional Services (2022M-34)
… of the taxpayers. District officials: Paid $1.2 million to six professional service providers without seeking … competition. Used a request for proposals (RFP) process to select certain professional service providers many years … Update the procurement policy to specify when and how frequently officials should issue professional service …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/29/north-syracuse-central-school-district-professional-services-2022m-34Town of Oxford – Procurement (2024M-88)
… obtained the most favorable terms and conditions in the best interests of its taxpayers. Recommendations The audit …
https://www.osc.ny.gov/local-government/audits/town/2024/11/22/town-oxford-procurement-2024m-88Revenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… do not significantly offset the earnings from the extra investment income. Explore contracting with a bank for the … Maximize Interest Earnings Following prudent yet effective investment strategies can improve cash inflow and even reduce … to be needed in the near term). Establish a formal investment policy, if you haven’t already, to guide your …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsNY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions
… Retirement Fund (Fund) will restrict its investments in eight integrated oil and gas companies, including Exxon … efficiency, and green infrastructure across all asset classes. As part of the expansion of this program, DiNapoli … actions should help accomplish the goals of our Climate Action Plan.” Today’s actions are part of DiNapoli’s …
https://www.osc.ny.gov/press/releases/2024/02/ny-common-retirement-fund-announces-new-measures-protect-state-pension-fund-climate-risk-and-investeBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… gender and racial diversity among the qualities its seeks in its board members. When DiNapoli and Trillium filed their … and had no stated policy that it made diversity a priority in constituting its board. Within months of receiving the … women and individuals from minority groups to include in the pool from which Board nominees are chosen.” In its …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-membersSelected Aspects of Accommodations for Passengers With Disabilities (Follow-Up)
… of implementation of the seven recommendations included in our initial audit report, Selected Aspects of … requirement. The Rehabilitation Act of 1973 requires airport (and terminal) operators to be responsible for … procedures. A May 2007 DOJ publication established best practices for state and local government website …
https://www.osc.ny.gov/state-agencies/audits/2023/05/12/selected-aspects-accommodations-passengers-disabilities-followState Pension Fund Commits Additional $50 Million to Invest in New York-Based Companies
… state pension fund has committed an additional $50 million for investments in New York State-based companies through its … instruments and has consistently been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 82 …
https://www.osc.ny.gov/press/releases/2014/11/state-pension-fund-commits-additional-50-million-invest-new-york-based-companiesDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… that have not demonstrated that they are prepared for the transition to a low-carbon economy, New York State … to adapt to the low-carbon future. Companies responsible for large greenhouse gas emissions like those in this industry, pose significant risks for investors.” Oil sands companies produce a heavy type of …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesOversight of Shelter Placements
… Services is effectively placing clients into shelters or facilities that have the necessary services and … permanent housing. During the intake/assessment process, clinical providers conduct a comprehensive medical … other factors. DHS does not fully utilize available client data, such as diagnoses, shelter incidents, non-compliance …
https://www.osc.ny.gov/state-agencies/audits/2022/12/01/oversight-shelter-placementsDiNapoli Announces More Climate Actions; NYS Pension Fund Launches Evaluation of Shale Oil and Gas Companies
… oil and gas companies to determine if they are prepared for the transition to a low-carbon economy, New York State … becoming a reality and companies that aren’t prepared for it could pay a heavy financial cost,” DiNapoli said. … in 2007, DiNapoli has been recognized as a global leader for his efforts to protect the Fund’s investments, address …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-more-climate-actions-nys-pension-fund-launches-evaluation-shale-oil-and-gas