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Contract Advisory No. 4
… Corrective Action for Contract Transactions Created in the Statewide Financial System with Invalid Business Unit … but only certain of those combinations are valid for use in creating contracts. New contracts (Amendment Sequence “0”) created in the SFS must use a Business Unit/Department ID combination …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/4-business-unit-and-department-id-combinations-used-create-contracts-statewideLanguage Access Services
… Vehicles is adequately serving the needs of individuals with Limited English Proficiency, including complying with Executive Order 26.1 and New York State Executive Law … of over 30 minutes. In addition, State DMVs cited issues with disconnected calls, a lack of interpreters, and issues …
https://www.osc.ny.gov/state-agencies/audits/2023/10/26/language-access-servicesPublic Welfare – 2022 Financial Condition Report
… Public Assistance Recipients Decrease to Near Record Low For SFY 2021-22, the average monthly number of public assistance recipients in the State decreased by 17,043 … higher than the record low of 468,000 in SFY 2019-20. “Public assistance” as discussed in this report includes both …
https://www.osc.ny.gov/reports/finance/2022-fcr/public-welfareOpinion 98 - 19
… purchase contract of a fire district is subject to a mandatory referendum. You ask whether an installment … purchase contract of a fire district is subject to mandatory referendum. General Municipal Law, §109-b … political subdivisions, including fire districts, to enter into installment purchase contracts for the …
https://www.osc.ny.gov/legal-opinions/opinion-98-19DiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… and investing. They become better equipped and informed to make important financial decisions in the future that … Blue Ribbon Commission on Graduation Measures recommended to the Board of Regents that financial literacy should be a … asking: “What knowledge, skills, and/or experiences do you think are important for all students to have by the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsCity of Newburgh – Budget Review (B23-6-9)
… at a reasonable level to ensure funds are available in case of unanticipated expenditures or a shortfall in revenues …
https://www.osc.ny.gov/local-government/audits/city/2023/11/17/city-newburgh-budget-review-b23-6-9Lehman College – Controls Over Bank Accounts
… Purpose To determine whether the City University of New York’s (CUNY) Central Office (Central) and Lehman … The audit covered Lehman’s bank accounts for the period of January 1, 2013 through February 5, 2015. Background CUNY … largest urban university in the United States, consisting of 24 constituent colleges, graduate and professional …
https://www.osc.ny.gov/state-agencies/audits/2016/04/21/lehman-college-controls-over-bank-accountsState Agencies Bulletin No. 773
… Purpose To advise agencies of the new automated print process for … decreased or increased taxable wages. For employees who have requested and received a W-2C and have filed an amended … form AC 2674 for employees requiring a corrected Form W-2 not related to Workers’ Compensation. Agencies can now view …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/773-automated-print-2006-form-w-2c-corrected-form-w-2Controls Over Capital Improvements at City-Owned Homeless Shelters
… of Social Services, is the primary agency responsible for providing transitional housing and services for eligible homeless families and individuals in New York City (City) and for providing fiscal oversight of … City has addressed the need with a significant increase in capital investment for City-owned shelters to correct …
https://www.osc.ny.gov/state-agencies/audits/2020/08/25/controls-over-capital-improvements-city-owned-homeless-sheltersPension Funds Break New Ground on Board Diversity
… to formally include sexual orientation and gender identity in their considerations when seeking diverse board … be the first U.S. corporation to include these provisions in its board nominating charter. Monster Beverage agreed to amend its charter in response to a separate Fund proposal which was co-filed by …
https://www.osc.ny.gov/press/releases/2015/04/pension-funds-break-new-ground-board-diversityState Agencies Bulletin No. 961
… No. A40026 and Senate Bill No. S66026) that creates a new Tier 5 that, in accordance with constitutional requirements, … tier 5 as an option with a Benefit Plan of “TRSBT5” and a contribution rate of 3.5%. Any employee designated as tier 5 … default the required contribution rate of 3.5% in the Percentage field. These mandatory contributions are covered …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/961-new-tier-5-benefit-structure-new-york-state-teachers-retirement-systemDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline, according to a report by State Comptroller … Facilities Corporation serves a critical role in financing improvements to New York’s water …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli Bolsters State Pension Fund Support of LGBTQIA+ Equity & Inclusion at Portfolio Companies
… During Pride Month, State Comptroller Thomas P. DiNapoli highlighted recent actions taken by the New York State Common Retirement Fund (Fund) to support LGBTQIA+ …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-bolsters-state-pension-fund-support-lgbtqia-equity-inclusion-portfolio-companiesDiNapoli Op-Ed: Act on Proposal to Help State & Local Governments Pay for Retiree Health Care
… Comptroller Thomas P. DiNapoli’s op-ed, “ A Ticking Clock for Job Benefits ,” was published in The Albany Times Union … * New York is behind other states when it comes to paying for benefits promised to public employees when they retire. … share of their health insurance premium, health care costs for current and former employees are mounting. While public …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-op-ed-act-proposal-help-state-local-governments-pay-retiree-health-careDiNapoli: NYC Metro Transportation Costs Rose 56% Over Past Decade, Slower Than Other Major Areas
… largest cost for New Yorkers, behind housing, at 14% of household spending. “Many New Yorkers struggle to make … they remain affordable and help to offset higher costs of other household essentials.” Share of Household Spending Transportation costs — which include …
https://www.osc.ny.gov/press/releases/2024/09/draft-dinapoli-nyc-metro-transportation-costs-grew-slower-other-major-cities-still-rose-29-percentDiNapoli: Billions Needed for Repairs to Local Bridges
… repairs is staggering, DiNapoli’s report found the number of "structurally deficient" locally-owned bridges has … time. Many local governments understand the importance of long-term planning for their infrastructure needs but they … steps to make funds for repairs available, the assistance of the federal government has also been critical. Difficult …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-billions-needed-repairs-local-bridgesDiNapoli: State Clean Energy Fund Makes Progress on Developing Solar Capacity, But Energy Efficiency Lags
… energy goals, has made good progress on reaching its goals for distributed solar capacity and leveraged funds, but is behind in meeting its energy efficiency targets for 2025, according to a report from New York State … have underperformed,” DiNapoli said. “It is important for the state’s climate goals that these funds are used …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-state-clean-energy-fund-makes-progress-developing-solar-capacity-energy-efficiency-lagsDiNapoli: NYC Transit Must Ensure Cameras and Security Equipment Are Maintained and in Working Order
… Authority’s New York City Transit (Transit) needs to do a better job of maintaining its security and safety … 30 projects were delayed because no one was available to do the work from Transit’s pool of Small Business Mentoring … Authoritys New York City Transit Transit needs to do a better job of maintaining its security and safety …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-transit-must-ensure-cameras-and-security-equipment-are-maintained-and-working-orderLeading the Way on Climate Investment
… critical to ensuring that the Fund is best-positioned for market changes stemming from the transition. Comptroller … change-related investment risks and pursuing opportunities for the Fund’s investments. To learn more about how the Fund … and address climate risk, and commit to long-term business model changes that will allow them to thrive in a low-carbon …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… Yards, Chelsea, Union Square, Soho, Downtown Brooklyn and Long Island City. “The value of office buildings in New York City … boroughs reached double digits in Downtown Brooklyn and Long Island City, which have also experienced substantial …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-space