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Corporate Governance
… The New York State Common Retirement Fund’s Corporate Governance Bureau helps ensure … Recent Highlights: New York state comptroller asks Boeing CEO to explain handling of MAX 9 fallout New York Asks Realty …
https://www.osc.ny.gov/common-retirement-fund/corporate-governanceArea #12 – Information Technology Contingency Planning – Information Technology Governance
… Written IT Contingency Plan Because no computer system can be … help enable the recovery of operations after an unexpected IT disruption are collectively referred to as IT contingency planning. An unplanned IT disruption involving …
https://www.osc.ny.gov/local-government/publications/it-governance/area-12-information-technology-contingency-planningIV.4 Overview – IV. Accounting Codes - Uses and Descriptions
… cover the wide variety of goods and services purchased by New York State. In order to establish a chart of accounts for … has been developed and organized according to industry best practices which requires that a minimum number of …
https://www.osc.ny.gov/state-agencies/chapter-iv/iv4-overviewAccounts Payable Advisory No. 46
… agencies must reject the invoice. It is a best practice for agencies to notify the vendor within one business day of … information. See the Guide to Financial Operations XII.4.F for more detail. Reference : For additional information on a proper invoice, please refer …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/46-proper-invoiceState Comptroller Releases Municipal Audits
… soliciting competition. Find out how your government money is spent at Open Book New York . Track municipal spending, …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-releases-municipal-auditsDiNapoli: New York Sending More Tax Dollars to Federal Government Than it Gets Back
… State received 84 cents for every dollar it sent in taxes to the federal government in 2016, a wider gap than three years before, according to a report released today by State Comptroller Thomas … York sent an estimated $40.9 billion more in tax payments to Washington in 2016 than it received back in federal …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-new-york-sending-more-tax-dollars-federal-government-it-gets-backDiNapoli: Restaurant Industry Critical to New York City's Economy
… New York City’s restaurant industry had 23,650 establishments in 2019, … delivered nearly $27 billion in taxable sales, but many restaurants and bars have closed or significantly reduced …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-restaurant-industry-critical-new-york-citys-economyDiNapoli: New York Sends More Money to Washington Than It Gets Back
… New York sent an estimated $24.1 billion more in tax payments … today by State Comptroller Thomas P. DiNapoli. In 2017, New York was one of just 11 states that sent more to … funding for health care and other programs could tip the balance even further," DiNapoli said. "The state relies on …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-new-york-sends-more-money-washington-it-gets-backComptroller's NYS Common Retirement Fund Responsibilities
… Independent advice The Comptroller is a diligent fiduciary of the Fund who ensures that investment decisions and … Estate Advisory Committee Actuarial Advisory Committee Audit Advisory Committee Meaningful reforms Comptroller … Agent Disclosure Policy and PAFD Addressee List Policy on Independence of Consultants Providing Investment Advisory …
https://www.osc.ny.gov/common-retirement-fund/responsibilitiesDiNapoli Calls on Companies to Increase Board Diversity
… New York State Comptroller Thomas P. DiNapoli today announced that he …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-calls-companies-increase-board-diversityState Comptroller DiNapoli Releases Municipal & School Audits
… earned investment earnings totaling over $153,000 from money on deposit in its 15 bank accounts at two financial …
https://www.osc.ny.gov/press/releases/2024/05/state-comptroller-dinapoli-releases-municipal-school-auditsOpinion 96 - 11
… town real property); (on town board motion in lieu of petition) TOWN BOARD -- Powers and Duties (submission of … A town board, on its own motion without the necessity of a petition, may submit a resolution for the sale of real … are set forth in article 7 of the Town Law (§90 et seq .). Section 94 provides that a town board, on its own motion, may …
https://www.osc.ny.gov/legal-opinions/opinion-96-11Hancock Central School District - Non-Resident Student Tuition - 2021M-208
Determine whether Hancock Central School District (District) officials established non-resident tuition (NRT) rates in the best interest of District taxpayers.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/hancock-2021-208.pdfDiNapoli: Pandemic Disrupts Special Education; Many Students Missing Mandated Services
… government financial records, track state contracts, and find commonly requested data. … New York students with …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-pandemic-disrupts-special-education-many-students-missing-mandated-servicesXI-A.3 Purchase Orders – XI-A. Purchasing
… purchase order (PO) is an ordering document authorizing a vendor to provide goods or services at a dollar amount within … contract. The PO communicates critical information to the vendor including the contract number, specific goods or … price and delivery date, thereby supporting agency and vendor collaboration. Using a PO establishes a consistent …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a3-purchase-ordersDiNapoli Takes Action to Hold Corporate America Accountable for Failing to Address Diversity, Equity and Inclusion
… voted against board directors at companies that failed to meet the Fund’s expectations for board diversity and filed … not just in a given year, but over time by comparing how the proportion of Black women, for example, has changed … Equity Audit DiNapoli’s shareholder proposal at Amazon.com Inc . requesting an independent review of the company’s …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-takes-action-hold-corporate-america-accountable-failing-address-diversity-equity-andDiNapoli: Guess Inc. Agrees to Report on Workplace Safety, Environmental Risks
… the New York State Common Retirement Fund advocates for its portfolio companies to adopt sustainable business … workplace safety is neglected." Guess? is a Fortune 1000 company with more than 500 stores in the United States, in … of furniture and bedding, agreed to create a Supplier Code of Conduct which provided a uniform code of conduct …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-guess-inc-agrees-report-workplace-safety-environmental-risksBuffalo United Charter School - Financial Management (2018M-197)
… Determine whether the Board ensured School funds are used in the most effective and economical manner. Key Findings The … how they are used. Key Recommendations Negotiate changes in the terms of the management agreement with NHA to gain … of any management agreement to ensure it is reasonable and in the School’s best interest. School officials generally …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/03/22/buffalo-united-charter-school-financial-management-2018m-197City of Rome – Solar Power Purchase Agreements (2015M-290)
… June 30, 2015. Background The City of Rome is located in Oneida County and has a population of approximately … purchase agreements or ensure that the agreements were in the best interests of the City. Key Recommendation Engage in a competitive process prior to entering into future power …
https://www.osc.ny.gov/local-government/audits/city/2016/05/20/city-rome-solar-power-purchase-agreements-2015m-290Accounts Payable Advisory No. 13
… that several agencies have disabled or "turned off" the matching option on many POs/vouchers created in SFS. … are instructed that failure to utilize voucher matching is unacceptable and that this practice must stop immediately. … . OSC will continue monitoring to ensure compliance with best practices and to assist agencies with business-specific …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/13-voucher-matching-process-required-sfs