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Claims Auditing – Improving the Effectiveness of Your Claims Auditing Process
… and deliberate examination to determine that the claim is a legal obligation and a proper charge against the local … claim form. The official who initiated the purchase should document his/her approval of the claim, even when not … the minutes of the board meetings should reflect what claims have been audited and whether they were allowed …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/claims-auditingOpinion 88-66
… Davis v Board of Education , 125 AD2d 534, 509 NYS2d 612; New City Jewish Center v Flagg , 111 AD2d 814, 490 NYS2d 560, …
https://www.osc.ny.gov/legal-opinions/opinion-88-66DiNapoli Calls for State Procurement Reform
… and allegations of corruption in the awarding of contracts for state economic development projects. “The alleged … procurement practices. This created an environment ripe for self-dealing and abuse. New York state must take credible … state law, the State Comptroller’s office is responsible for reviewing and approving state agency contracts above …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-calls-state-procurement-reformDiNapoli Announces New $7 Million Investment in Northern Ireland
… New York State Comptroller Thomas P. DiNapoli today announced … former Lord Mayor of Belfast Máirtín Ó Muilleoir. “His latest investment in the cream of our entrepreneurial talent …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-announces-new-7-million-investment-northern-irelandDirect Deposit Program
… With direct deposit, your pension payment is deposited directly into your … your monthly pension benefit. If anything changes, please update your information with NYSLRS as soon as possible. …
https://www.osc.ny.gov/retirement/retirees/direct-deposit-programComptroller DiNapoli Releases Municipal Audits
… audits of the Town of Ausable , Fishers Island Waste Management District , Town of Guilderland , Plattsburgh Housing Authority , Town of Salem and the Westbury Water District . “In today’s fiscal climate, budget …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-releases-municipal-auditsState Comptroller DiNapoli Releases Municipal Audits
… 2017, city officials balanced the budget using primarily casino revenue, averaging $9 million, and fund balance, … deplete available fund balance. Assuming no additional casino revenue is received, the city will have a projected …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-releases-municipal-audits-0Oversight of International Offices
… to foreign representatives to ensure they are made only for authorized contract purposes. Our audit scope period was … Background ESD's International Division is responsible for promoting international trade and investment initiatives to improve global competitiveness for New York State companies. The International Division …
https://www.osc.ny.gov/state-agencies/audits/2013/06/28/oversight-international-officesTravel Advisory No. 15
… Effective August 20, 2021, the temporary eligibility for full personal vehicle mileage reimbursement is no longer … . Until further notice, employees may continue to use electronic signatures to certify travel forms requiring the … employees may be required to sign a certification form such as the AC 132-S , Employee Report of Travel …
https://www.osc.ny.gov/state-agencies/advisories/travel-advisory/15-covid-19-travel-and-expense-temporary-exceptionsSelected Employee Travel Expenses
… New York State's executive agencies spend between $100 million and $150 million each year on travel expenses. These … of the eight Tarrytown employees and, as a result, made improper travel reimbursements totaling $320,756 for the … calendar years 2009-2011. Key Recommendations Ensure each employee's official station is established in compliance with …
https://www.osc.ny.gov/state-agencies/audits/2014/02/18/selected-employee-travel-expensesXI-A.1.B Category Codes – XI-A. Purchasing
… Statewide Financial System (SFS). In the SFS, the category code is used on purchasing documents to identify the specific … that are being purchased. Using the appropriate category code provides information to agencies to enhance future procurement decisions. Each category code is associated with a default account code. Agencies …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a1b-category-codesNY State Comptroller DiNapoli Statement on Pension Fund's Ranking as Top U.S. Investor Battling Climate Risk
… New York State Comptroller Thomas P. DiNapoli released the following … Owners Disclosure Project named the New York State Common Retirement Fund as the number one U.S. pension fund, and the third …
https://www.osc.ny.gov/press/releases/2018/09/ny-state-comptroller-dinapoli-statement-pension-funds-ranking-top-us-investor-battling-climate-riskComptroller's NYS Common Retirement Fund Responsibilities
… to protect the Fund. Independent advice The Comptroller is a diligent fiduciary of the Fund who ensures that investment … of ethical conduct and transparency. He seeks the input of a wide range of internal and external advisors, consultants … doing business with the Fund. Provided a leading voice in getting the Securities and Exchange Commission to impose …
https://www.osc.ny.gov/common-retirement-fund/responsibilitiesDiNapoli: Wall St. First Half Profits Jumped
Pretax profits in the securities industry reached $151 billion in the first six months of 2019 an 11 percent increase over the same period last year and the best start in a decade but a slowdown in the global economy and other factors pose threats to second half profits
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedDiNapoli: State Pension Fund Calls on Corporations to Address Environmental and Climate Risks
… withdrawn by the Fund. Climate Risk Shareholder Proposals in 2022 GHG Reduction Targets DiNapoli filed proposals … has committed to adopting science based GHG targets in line with a 1.5 C degree future. DiNapoli’s proposals … GHG emissions reductions from corporations have resulted in agreements with numerous companies over the years, …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-pension-fund-calls-corporations-address-environmental-and-climate-risksDiNapoli Takes Action to Hold Corporate America Accountable for Failing to Address Diversity, Equity and Inclusion
… The New York State Common Retirement Fund (the Fund) voted … companies to address investors’ concerns about diversity, equity and inclusion during the 2021 proxy season, New York …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-takes-action-hold-corporate-america-accountable-failing-address-diversity-equity-andOpinion 95-30
… moneys raised by taxes and gifts) GENERAL MUNICIPAL LAW, §11; EDUCATION LAW, §§226, 255; ESTATES, POWERS AND TRUSTS … by, a bank or trust company located and authorized to do business in this State. Such a time deposit account or … 431; Opn No. 88-76, supra ). As noted, however, section 11 now expressly governs investments by public libraries. …
https://www.osc.ny.gov/legal-opinions/opinion-95-30New York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… Have Been Derailed by COVID-19 The COVID-19 pandemic and resulting economic shutdown led to soaring unemployment … to a disability, unemployment rates increased more quickly and have remained stubbornly high, disrupting progress that … reports that for the one-year period between April 2020 and March 2021, unemployment rates for people with …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021State Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… New York State Comptroller Thomas P. DiNapoli today announced a $3 billion increase to the New York State Common Retirement Fund’s (Fund) … and at the same time can be a powerful tool for helping to address the risk of climate change," DiNapoli said. "The …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programMonitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance (Follow-Up)
… included in our initial audit report, Monitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate … the Division to broadly and routinely analyze the fiscal health of all 1,745 cemeteries under its jurisdiction. As a result, it cannot use the information to best focus its attention on locations that are in danger of …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenance-follow