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Comptroller DiNapoli Releases Municipal Audits
… officials did not always use vendors who provided the best price and did not provide adequate documentation to …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-releases-municipal-auditsNYS Comptroller DiNapoli Statement on Major Support for Racial Equity Audit at Amazon
… statement in response to Amazon’s disclosure of vote results from its annual meeting on Wednesday. DiNapoli and …
https://www.osc.ny.gov/press/releases/2021/05/nys-comptroller-dinapoli-statement-major-support-racial-equity-audit-amazonXI.18.D Sales and Compensating Use Tax Documentation – XI. Procurement and Contract Management
… documentation that must be submitted to the Office of the State Comptroller's (OSC) Bureau of Contracts to satisfy Tax … to the DTF website where they can obtain more information on Publication 223 and ST-220-TD . A second certification …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18d-sales-and-compensating-use-tax-documentationKortright Rural Fire District – Financial Activities (2022M-51)
… l Periodically review bank statements, canceled checks and bank reconciliations. Annually audit the Treasurer’s … Compare prices to help ensure purchases are cost effective and in the best interest of taxpayers. District officials agreed with our recommendations and indicated they planned to take corrective action. … …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/06/24/kortright-rural-fire-district-financial-activities-2022m-51NY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule
… is addressing climate change-related risk, please see the 2023 Progress Report on the New York State Common Retirement …
https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-ruleOpinion 90-35
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. PUBLIC CONTRACTS -- … to the purchase of fuel oil by a fire district. You state that the district has budgeted $5,000 for fuel oil and …
https://www.osc.ny.gov/legal-opinions/opinion-90-35DiNapoli: New York State Common Retirement Fund Reaches Agreements with Companies on Disclosing Political Spending
… spending proposal at Twitter also received a majority of support from shareholders at the company’s annual meeting, … need full transparency and accountability on the use of corporate dollars to further political agendas so we can … political spending is ever in the long-term interest of shareholders. Comptroller DiNapoli’s Political Spending …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-new-york-state-common-retirement-fund-reaches-agreements-companies-disclosing-politicalEfforts to Collect Delinquent Taxes
… top 250 business tax debtors for whom it filed at least one warrant in the prior 12 months. The March 2021 lists for … actions prior to completing or closing cases for one of the five collection steps we tested: using applicable …
https://www.osc.ny.gov/state-agencies/audits/2021/08/24/efforts-collect-delinquent-taxesIndependent Oversight: OSC's Contract Review Safeguards Public Funds
… vendors. The recent Enacted State Budget for State Fiscal Year (SFY) 2022-23 allowed at least $11 billion in spending … of additional imprudent exemptions were implemented; this year’s State budget allowed for at least $11 billion in … Percentage of Total Value 0-15 17,567 94.4% $49.0 28.3% 16-30 865 4.7% $8.5 5.1% 31-45 123 0.7% $113.5 65.5% 46-60 31 …
https://www.osc.ny.gov/reports/independent-oversight-osc-contract-review-safeguards-public-fundsTown of Wright – Financial Operations (2014M-277)
… taxes. The Board did not ensure that purchases were at the best price and that all disbursements were for proper Town …
https://www.osc.ny.gov/local-government/audits/town/2015/04/10/town-wright-financial-operations-2014m-277XIII.10.A Refunds Owed to the State by an Employee - Using a State-Issued Check – XIII. Employee Expense Reimbursement
When an employee returns a Stateissued check resulting from an expense report the Business Unit must follow the check cancellation procedures for joint custody bank accounts outlined in Chapter XII Section 9
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii10a-refunds-owed-state-employee-using-state-issued-checkDiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter
… estimated value of the New York State Common Retirement Fund (Fund) was $254.1 billion at the end of the first … State Common Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and … estimated value of the New York State Common Retirement Fund Fund was $2541 billion at the end of the first quarter …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $242.3 Billion at End of Third Quarter
… and real assets (13.43%) and credit, absolute return strategies, and opportunistic alternatives (6.24%). The …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-state-pension-fund-valued-2423-billion-end-third-quarterDiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
… The remaining Fund assets by allocation are invested in cash, bonds, and mortgages (22.62%), private equity (14.75%), real estate and real assets (13.30%) and credit, absolute return strategies, and opportunistic alternatives (7.49%). The …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-state-pension-fund-valued-259.9-billion-end-third-quarterDiNapoli: Audit Recommends Additional Steps to Reduce Student Absenteeism
… SED's efforts in this area. "Students who frequently miss school are often disengaged, falling behind academically and … reporting. The districts examined were Albany City School District (Albany Co.); Amsterdam City School District … Peekskill Central School District (Westchester); and the Rochester City School District (Monroe). Overall, auditors …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-audit-recommends-additional-steps-reduce-student-absenteeismIndependent Review Finds State Pension Fund Operates Under Highest Ethical and Professional Standards
… by the Department of Financial Services in partnership with the State Comptroller’s office in 2008. This is the … of the largest public pension funds in the United States with assets of approximately $279.7 billion as of Dec. 31, …
https://www.osc.ny.gov/press/releases/2022/04/independent-review-finds-state-pension-fund-operates-under-highest-ethical-and-professional-standardsFly Creek Fire District – Non-Payroll Disbursements (2022M-115)
… (Board) did not ensure purchases were made at the best price. District officials could not demonstrate that …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/09/23/fly-creek-fire-district-non-payroll-disbursements-2022m-115Comptroller DiNapoli Releases State Audits
… SUNY’s requirements to manage cost and could serve as best practice examples if more widely shared among the …
https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-releases-state-auditsCommon Reporting Errors: From AUD to AFR
In this session, you will learn about common reporting errors made by local governments when completing annual reports and our staff will explain how to correctly report the underlying transactions. The presenters will provide examples of these errors as made in the Annual Update Document (AUD) and
https://www.osc.ny.gov/files/local-government/academy/pdf/common-reporting-errors-aud-afr-12-7-22.pdfEthics
Resources and information on ethics for local officials
https://www.osc.ny.gov/local-government/resources/ethics