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Office of the State Comptroller Response to Report Issued Today by the Department of Financial Services
… public pension funds in the country. We will provide a full response after a thorough review." …
https://www.osc.ny.gov/press/releases/2016/10/office-state-comptroller-response-report-issued-today-department-financial-servicesOrient Fire District – Cash Reserves and Credit Cards (2015M-319)
… and separate from the Town of Southold, Suffolk County, in which it is located. The District, which serves … The Board did not ensure that travel was authorized in advance. Key Recommendations Amend the investment policy, …
https://www.osc.ny.gov/local-government/audits/fire-district/2016/03/04/orient-fire-district-cash-reserves-and-credit-cards-2015m-319Examples from GASB Statement 34 - Statement of Fiduciary Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the … Norwalk, CT 06856 are reprinted by permission. Sample City Statement of Fiduciary Net Assets Fiduciary Funds December … Examples from GASB Statement 34 Statement of Fiduciary Net Assets …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-fiduciary-net-assetsOpinion 89-35
… -- Powers and Duties (transfer to town comptroller) TOWN LAW, §§20(3)(b), 29, 34, 124, 125; MUNICIPAL HOME RULE LAW, §§10(1)(ii)(a)(1), 10(1)(ii)(d)(3), 23(2)(f); LOCAL FINANCE LAW, §2.00(5)(c): Powers of the town supervisor as treasurer … the powers and duties of a town supervisor under the Town Law and asking the extent to which those powers and duties …
https://www.osc.ny.gov/legal-opinions/opinion-89-35DiNapoli: Municipal Spending on Infrastructure Declines While Needs Go Unmet
… Local government capital spending on roads, bridges and water and sewer … about $3.9 billion annually to keep up with deteriorating capital assets but are only spending roughly $1.2 billion - … source of funding for infrastructure projects. Outstanding capital debt for all counties, cities, towns and villages in …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-municipal-spending-infrastructure-declines-while-needs-go-unmetHousing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Follow-Up)
… such, the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act) provided funding for emergency economic relief for … The objective of our initial audit, issued September 16, 2022 and covering the period April 2017 through June 2022, …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/housing-trust-fund-corporation-internal-controls-and-maximization-federal-funding-communityDiNapoli Op-Ed: The Double-Edged Sword of Pandemic-Driven Technological Acceleration
… and communications. Many artificial intelligence (AI) products have come out of these advances, and many are … input from private tech companies. Government is adopting AI at an accelerating pace. New York City and state agencies, … for example, have experienced a broad expansion of AI applications, such as chatbots. And now, with last year’s …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-op-ed-double-edged-sword-pandemic-driven-technological-accelerationGeneral Investment Policies for the New York State Common Retirement Fund
Intended to provide a framework for the operation of the Fund and to reflect the strategies and principles adopted by the Comptroller.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/general-investment-policies.pdfSt. Lawrence County Industrial Development Agency and Local Development Corporation – Disbursements (2021M-174)
Determine whether the St Lawrence County Industrial Development Agency Local Development Corporation LDC officials ensured disbursements were properly authorized supported and for valid purposes
https://www.osc.ny.gov/local-government/audits/county/2022/01/21/st-lawrence-county-industrial-development-agency-and-local-development-corporationCattaraugus County Industrial Development Agency – Community Benefit (2014M-344)
… Agency had 34 active projects with more than $227 million in total projected capital investments. Key Findings Agency …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/04/28/cattaraugus-county-industrial-development-agency-communityIX.2.A Acronyms – IX. Federal Grants
… Enterprise Services Automation FGA Federal Grant Award FCS Food and Consumer Services FNS Food and Nutrition Services GAD Grant Award Document GAO …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix2a-acronymsIII.1 Statewide Financial System (SFS) Overview – III. Statewide Financial System (SFS)
… Financial System (SFS) to support NYS’s accounting, management, audit and control of Finances. NYS implemented … benefits of SFS were: The creation of a standard financial management system (FMS) for State agencies. The consolidation … project management. The implementation of Real Estate and Asset Management modules. Guide to Financial Operations REV. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii1-statewide-financial-system-sfs-overviewVillage of Spring Valley – Financial Activities and Information Technology (2012M-180)
… 2012. Background The Village of Spring Valley is located in the Towns of Ramapo and Clarkstown, in Rockland County, and has a population of 31,300. The Mayor … to ensure that all Village payments were supported and in compliance with the Village’s procurement policy. The …
https://www.osc.ny.gov/local-government/audits/village/2013/01/18/village-spring-valley-financial-activities-and-information-technology-2012m-180Onondaga County Industrial Development Agency - Project Approval and Monitoring (2019M-160)
… of project performance related to job creation and capital investment. Four companies received sales tax exemptions that …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2019/11/01/onondaga-county-industrial-development-agency-projectDiNapoli: State Pension Fund Calls on Corporations to Address Environmental and Climate Risks
… taking action to address investment risks posed by climate change and impacts of environmental justice. “The climate … and beneficiaries—are protected from the impact of climate change is a top priority.” The Fund engages with portfolio … their reporting around environmental justice. Climate Change Physical Risks Reporting DiNapoli and the Fund joined …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-pension-fund-calls-corporations-address-environmental-and-climate-risksDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… nearly $5.6 million in restitution for the victims. I also want to thank all of our partners on the local, state, and … to pay Conmac’s bills and for his own personal interests. He took advantage of investors’ trust in his credentials and … owned another firm called Sisk Investment Services that he ran out of his Syosset home. He convinced his existing …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeOpinion 92-28
… following questions concerning the relationship between a city school district and a city school district public library in connection with moneys … library purposes. September 30, 1992 David S. Shaw, Esq., City School District Attorney Beacon City School District …
https://www.osc.ny.gov/legal-opinions/opinion-92-28Planning and Financing New York State's Capital Investments, March 2014
Investment in capital assets is essential to New York’s economy and its quality of life.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-capital-investments-2014.pdfConesus No. 1 Fire District – Internal Controls (2014M-46)
… Purpose of Audit The purpose of our audit was to ensure that District controls were … located in Livingston County and is governed by the Board of Fire Commissioners comprising five elected. The District’s …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/16/conesus-no-1-fire-district-internal-controls-2014m-46Apalachin Fire District – Oversight of Financial Operations (2013M-25)
… State Comptroller. The Board does authorize each claim for payment and indicates their approval by affixing their …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/05/10/apalachin-fire-district-oversight-financial-operations-2013m-25