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DiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities
… today outlined the Fund’s stewardship priorities for 2024, including setting expectations related to climate … and voting, aim to achieve just that. As we start the 2024 proxy season, I am confident that our stewardship … speaking directly with company directors and executives. 2024 Stewardship Priorities The release of the Fund's 2024 …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-prioritiesOversight of Mental Health Education in Schools
… all school districts to ensure that their health education programs recognize the multiple dimensions of health by … education program (IEP), schools are often considered the natural and best setting for comprehensive prevention and … curriculum, namely in the form of issued guidance and resources made available on its website. For example, the …
https://www.osc.ny.gov/state-agencies/audits/2022/04/11/oversight-mental-health-education-schoolsOpinion 99-14
… expenditures such as trade-in allowances ( Citiwide News v NYCTA , 62 NY2d 464, 478 NYS2d 593; Signacon v Mulroy … Village of Endicott , 51 NY2d 426, 434 NYS2d 922; Citiwide News, Inc. , supra ; 1991 Opns St Comp No. 91-13, p 33). When … nature" or "focal point" ( Exley , supra ; Citiwide News , supra ). In examining the "total character" of the …
https://www.osc.ny.gov/legal-opinions/opinion-99-14Independent Oversight: OSC's Contract Review Safeguards Public Funds
… and programs and services are initiated. Not only does this independent review have a strong deterrent effect on waste, fraud and abuse, it can also provide … are fair, efficient, transparent, and cost-effective, and does not present an impediment to completing a timely …
https://www.osc.ny.gov/reports/independent-oversight-osc-contract-review-safeguards-public-fundsTown of Oxford – Procurement (2024M-88)
… Town of Oxford (Town) officials used a competitive process to procure goods and services. Key Findings Town officials … competition was not sought for: 52 purchases subject to competitive bidding requirements totaling $463,310. 31 purchases totaling $165,747, which were subject to the Policy. Four contracts for public works purchases …
https://www.osc.ny.gov/local-government/audits/town/2024/11/22/town-oxford-procurement-2024m-88Naples Central School District – Online Banking (2015M-143)
… Cohocton and Prattsburgh in Steuben County, the Towns of Italy and Middlesex in Yates County and the Town of …
https://www.osc.ny.gov/local-government/audits/school-district/2015/09/11/naples-central-school-district-online-banking-2015m-143Village of Unadilla – Procurement (2022M-182)
… Village obtained the most favorable terms and conditions in the best interest of its taxpayers. Competition was not …
https://www.osc.ny.gov/local-government/audits/village/2024/04/26/village-unadilla-procurement-2022m-182Brighton Central School District – Procurement (2022M-205)
… these contracts, officials used vendors that were granted awards from group purchasing organization contracts. However, … to competitive bidding to help ensure the District awards the contract in a manner consistent with District …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/02/brighton-central-school-district-procurement-2022m-205Town of Worcester – Claims Audit (2022M-145)
… as an itemized receipt or invoice. 23 claims had sales tax totaling $243. Key Recommendations Perform a thorough and …
https://www.osc.ny.gov/local-government/audits/town/2023/02/10/town-worcester-claims-audit-2022m-145Lynbrook Union Free School District – Purchasing (2022M-17)
… were a prudent and economical use of taxpayer money, and in the District’s best interest. For example, the purchasing …
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)
… officials ensured that goods and services were received for the claims we reviewed, the Town Board (Board) did not …
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)
… transfer $114,895 into the retirement reserve. While it is a prudent practice for officials to save for future expenditures, without a reserve fund policy there is a risk that the District may overfund reserves which can …
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)
… and playground equipment were procured in a manner to ensure the prudent and economical use of public money in … in the unrestricted general fund balance increasing to an excessive level. Always seek competition for … findings and recommendations and indicated that they plan to take corrective action. …
https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-owasco-financial-management-and-procurement-2021m-70North Syracuse Central School District – Professional Services (2022M-34)
… School District (District) officials sought competition for the procurement of professional services and entered into … we reviewed, they did not always seek competition for professional services in accordance with District policy. … providers without seeking competition. Used a request for proposals (RFP) process to select certain professional …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/29/north-syracuse-central-school-district-professional-services-2022m-34South Butler Fire District – Board Oversight of Financial Operations (2020M-155)
… and did not adopt or enforce key financial policies. As a result: The Treasurer lacked guidance to adequately perform … action. Appendix B includes our comments on issues raised in the District’s response. …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/04/30/south-butler-fire-district-board-oversight-financial-operations-2020m-155Revenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… a formal investment policy, if you haven’t already, to guide your local government or school district in making … Additional Resources Cash Management Technology [pdf] Fiscal Oversight Responsibilities of the Governing Board [pdf] Updated 2021 …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli Releases Climate Action Plan
… Thomas P. DiNapoli today released a Climate Action Plan to protect and invest the assets of the $210 billion New York State Common Retirement Fund (Fund). The plan lays out a path for the Fund to further address climate … Thomas P DiNapoli today released a Climate Action Plan to protect and invest the assets of the $210 billion New …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-releases-climate-action-planNYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… York State Comptroller Thomas P. DiNapoli today announced results of the New York State Common Retirement Fund’s latest … York State Comptroller Thomas P DiNapoli today announced results of the New York State Common Retirement Funds latest …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesArchived: Legislative Session 2021–2022
… the state insurance fund by the state comptroller. Natural Gas Damage Compensation Fund – A.7282 (Englebright) – Establishes the natural gas production contamination response and compensation …
https://www.osc.ny.gov/legislation/archived-legislative-session-2021-2022eBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… they have withdrawn the shareholder proposal they filed at eBay Inc. after the company agreed to revise its Governance … members. When DiNapoli and Trillium filed their proposal, eBay had just one woman on its board, lagged its peers when … its board. Within months of receiving the proposal, eBay increased the number of women on its board and revised …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-members