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Opinion 95-30
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … Investments (by public library) LIBRARIES -- Investments (of moneys raised by taxes and gifts) GENERAL MUNICIPAL LAW, …
https://www.osc.ny.gov/legal-opinions/opinion-95-30DiNapoli Takes Action to Hold Corporate America Accountable for Failing to Address Diversity, Equity and Inclusion
… accountable received strong support. Following the murder of George Floyd in 2020, and the public outcry over the killings of other Black men and women, many publicly traded … less diverse peers, and companies that develop a culture of inclusion, equity and belonging are better positioned to …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-takes-action-hold-corporate-america-accountable-failing-address-diversity-equity-andDiNapoli: State Pension Fund Calls on Corporations to Address Environmental and Climate Risks
… emergency presents enormous risks and opportunities for investors, but corporate America has to step up, adapt … protected from the impact of climate change is a top priority.” The Fund engages with portfolio companies on a range of issues to address …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-pension-fund-calls-corporations-address-environmental-and-climate-risksNew York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… pandemic and resulting economic shutdown led to soaring unemployment rates in New York, which peaked at 16.2 percent in April 2020. Since then, New York’s unemployment rates have slowly but steadily declined to 8.2 … Yorkers who face unique challenges due to a disability, unemployment rates increased more quickly and have remained …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021XI.2.E Submission of Agency Contracts and Amendments – XI. Procurement and Contract Management
… contract and amendment submittals subject to the Office of the State Comptroller (OSC) approval. Once a State agency … Grants Management System within the SFS for the submission of grant contracts. Certain Purchase Orders are subject to OSC prior approval; for guidance on the creation of those transactions in the SFS and submission of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2e-submission-agency-contracts-and-amendmentsCost-Saving Ideas: Managing Workers' Compensation Costs
… governments can get insurance for workers’ compensation in one of four ways: Purchase a policy from a private sector … as authorized by the Workers' Compensation Law Participate in a county self-insurance plan as authorized by the Workers' Compensation Law Seek Competition Review vendor and self-insured options and costs at regular intervals. If …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-managing-workers-compensation-costsDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… of payroll. "After three years of rate reductions, pension contribution rates will remain stable for our … said. "While the financial markets have been volatile, our pension fund remains one of the strongest and best funded in … for preparation of their local budgets. Required contributions vary by employer depending on factors such as …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18Utilization of the Arch Street Yard and Shop Facility
… completion; whether the MTA has any plans for the use of the Facility before the expected 2022 opening of ESA; and whether the Facility is maintained and secured … from May 3, 2002 to May 23, 2017. Background As part of the MTA’s mammoth ESA project, it constructed the new …
https://www.osc.ny.gov/state-agencies/audits/2017/12/08/utilization-arch-street-yard-and-shop-facilityMonitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance (Follow-Up)
… of the four recommendations included in our initial audit report, Monitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate … falling into disrepair or insolvency. Our initial audit report, which was issued on July 11, 2017, found that: As of …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenance-followDiNapoli Calls on Companies to Increase Board Diversity
… Corp., Sinclair Broadcast Group and Trip Advisor — seeking increased board diversity, inclusive of sex, race, … of their boards.” To date the Fund has filed proposals seeking board diversity policies at 33 companies. The Fund … filed shareholder proposals at four portfolio companies seeking increased board diversity inclusive of sex race …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-calls-companies-increase-board-diversitySelected Travel Expenses
… MTA is a public benefit corporation and a component unit of the State of New York, whose mission is to continue develop, and … policy in the New York metropolitan area. One of the MTA’s constituent agencies is the Long Island Railroad …
https://www.osc.ny.gov/state-agencies/audits/2015/03/23/selected-travel-expensesArea #5 – Malware Protection – Information Technology Governance
… is especially true with the ongoing and escalating threat of ransomware attacks against local governments and schools. One way to detect and stop some forms of malware before it can affect its targets is by using … and kept current with software and signature (a set of characteristics also referred to as virus definitions) …
https://www.osc.ny.gov/local-government/publications/it-governance/area-5-malware-protectionIT Security Fundamentals – Information Technology Governance
… CIA Triad The CIA triad refers to an information security model comprised of three main components: confidentiality, … of information security. The CIA triad is a well-known model in information security development. It is applied in … or weaknesses and to establish security solutions. The model is an industry standard with which most IT …
https://www.osc.ny.gov/local-government/publications/it-governance/it-security-fundamentalsOversight of Mental Health Education in Schools (Follow-Up)
… Objective To determine the extent of implementation of the two recommendations included in our initial audit report, Oversight of Mental Health Education in Schools (Report 2020-S-63 ). … To determine the extent of implementation of the two recommendations included in our …
https://www.osc.ny.gov/state-agencies/audits/2023/09/27/oversight-mental-health-education-schools-followVII.3.B AP Adjustment Voucher – Treasury Requirements – VII. State Revenues and Appropriated Loan Receivables
… must forward all checks, money orders, etc. and a printout of either the SFS “Summary” page or “Invoice Information” … e-mailing [email protected] with the amount of the cash deposit and a justification as to why there is no … cash through the mail exposes the agency to the risk of theft or loss. Therefore, agencies must have proper …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3b-ap-adjustment-voucher-treasury-requirementsDiNapoli and Hein Announce Training For Fire Districts and EMS Agencies
… his office will conduct a training session in cooperation with Ulster County Executive Michael P. Hein, on financial … protecting people and property throughout Ulster County. With that said, in light of the announcement by the … Mike Hein. “Ulster County is fortunate to be partnering with the New York State Comptroller’s Office to offer …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-and-hein-announce-training-fire-districts-and-ems-agenciesDiNapoli: Many Homeless Shelters in Poor Condition
… Many of the state’s homeless shelters outside New York City are in substandard condition with numerous … according to a report on homelessness released today by New York State Comptroller Thomas P. DiNapoli. DiNapoli … shelter facilities provide safe accommodations for some of New York’s most vulnerable residents.” The Office of …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-many-homeless-shelters-poor-conditionXI.16 Vendor Responsibility – XI. Procurement and Contract Management
This section reminds New York State contracting entities of their legal obligations with respect to determining the responsibility of a business entity vendor contractor or offerer to which a contract may be awarded
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi16-vendor-responsibilityDiNapoli Audit: OGS Veteran-Owned Business Program Off to Good Start
… The state Office of General Services (OGS) has made substantial progress … New York’s Service-Disabled Veteran-Owned Business (SDVOB) program in a short time and the program would benefit from the adoption of a comprehensive statewide plan for implementation, …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-audit-ogs-veteran-owned-business-program-good-startDiNapoli: Former West Hurley Fire District Chief and Chairman Charged in Corruption Probe
… 52, and Michael "Bucky" VanValkenburgh, 44, both of West Hurley, were charged with Corrupting the Government … serving as a captain. VanValkenburgh remains on the Board of Commissioners for the fire district. "Mr. Gutierrez and … and lifestyle," DiNapoli said. "Thanks to the joint work of my office with District Attorney Carnright, they will now …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-former-west-hurley-fire-district-chief-and-chairman-charged-corruption-probe