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Management of Internal Controls

… of Nanoscale Science and Engineering (CNSE). The Research Foundation of the State University of New York (Research Foundation) and the UAlbany Foundation are equal founding members in the mission of FRMC. …

DiNapoli: 529 College Savings Program Lowers Fees

… from both federal and state taxes as long as the funds are used to pay for expenses at an eligible post-secondary … state's plan or nonqualified withdrawals. Ascensus Broker Dealer Services, LLC, serves as Program Manager and, in …

XIV.3 Investment of State Funds/Interest Earnings Distribution – XIV. Special Procedures

Opinion 95-26

… bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Exempt Volunteer Firemen's Benevolent … (investment of tax moneys by loan to fire department) INSURANCE LAW, §§9104, 9105: The Lawrence-Cedarhurst … Firemen's Benevolent Association may expend foreign fire insurance tax moneys to rent a meeting room if the purpose of …

DiNapoli Report Assesses MTA's Capital Needs and Funding Scenarios

… In a report released today , State Comptroller Thomas P. DiNapoli … in revenue created by the pause on congestion pricing. The report lays out possible sources to fund the MTA’s … and riders in particular. It’s my hope that this report will help underscore the priorities and the challenges …

IX.12.F CMIA Interest Liabilities – IX. Federal Grants

… for lost value (e.g. investment earnings) of funds. A federal interest liability (which the Federal Government … liability (which the state pays to the Federal Government) is recorded for any covered program whereby the state … covered federal funds clear the state’s bank account, an EFT settlement involving covered federal funds occurs, or …

State Comptroller DiNapoli Releases Municipal Audit

… Officials also failed to assess annually reported capital investment and salary information for reliability or compare …

NYS Comptroller DiNapoli Announces Coal Investments Under Review

… Retirement Fund (Fund) is reviewing 27 thermal coal mining companies to determine whether they are taking steps to … with the growing low carbon economy. The review of coal companies is part of DiNapoli’s Climate Action Plan  to … minimum standards for transition readiness at coal mining companies first, because they face the greatest risk as the …

II.4.A Minimum Financial Reporting Requirements – II. New York State Financial Accounting

… BUDGETARY (CASH) BASIS The minimum financial reporting requirements for monthly, quarterly, and annual financial … Basic Financial Statements The minimum financial reporting requirements for general purpose governments include … The minimum financial reporting requirements for general purpose governments include …

Office of the State Comptroller Response to Report Issued Today by the Department of Financial Services

… DiNapoli's Communications Director Jennifer Freeman made the following statement today: "It's disappointing and shocking that a regulator … to our office five minutes before it was provided to the press. If the agency had reached out to our investment …

Orient Fire District – Cash Reserves and Credit Cards (2015M-319)

… of our audit was to assess the District’s controls over cash investments and credit card expenditures for the period … Orient Fire District Cash Reserves and Credit Cards 2015M319 …

Examples from GASB Statement 34 - Statement of Fiduciary Net Assets

… by permission. Sample City Statement of Fiduciary Net Assets Fiduciary Funds December 31, 2002   Employee … liabilities         1,358       1,234 $    228,050         NET ASSETS:       Held in trust for pension benefits and … Examples from GASB Statement 34 Statement of Fiduciary Net Assets …

Opinion 89-35

… or statutory amendments that bear on the issues discussed in the opinion. LOCAL LAWS -- Procedural Requirements … moneys not needed for immediate expenditure. This is in reply to your inquiry concerning the powers and duties of … supervisor to pay the claimant the amount allowed on his claim (Town Law, §119[1]) would be eliminated if the …

Depew Union Free School District – Investment Program (2023M-77)

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Lake Placid Central School District – Investment Program (2023M-94)

audit, lake placid, school

Policy Regarding Use of Placement Agents By Investment Managers

This policy is designed to prevent conflicts of interest or the appearance of conflicts of interest in the Fund's investment decision-making process.

DiNapoli: Municipal Spending on Infrastructure Declines While Needs Go Unmet

… Local government capital spending on roads, bridges and water and sewer … 2010 and 2012 according to a  report  issued today by New York State Comptroller Thomas P. DiNapoli. After a review … about $3.9 billion annually to keep up with deteriorating capital assets but are only spending roughly $1.2 billion - …

DiNapoli Op-Ed: The Double-Edged Sword of Pandemic-Driven Technological Acceleration

… introduction of generative AI tools that can create new content such as text and images, it appears that further … with some AI products – and the strategies to reduce or eliminate those risks – has not kept up with the pace at … trend is also evident in government institutions. My recent report on AI governance in New York City found that …

Housing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Follow-Up)

… Objective To determine the extent of implementation of the two … is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and … the U.S. Department of Housing and Urban Development (HUD) to administer the Community Development Block Grant (CDBG) …

Cattaraugus County Industrial Development Agency – Community Benefit (2014M-344)

… Key Findings Agency officials do not verify the investment and job information provided when businesses apply …