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Public-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… may underestimate the value of public assets and in doing so, short-change the public. Unfavorable pricing … are not short-changed by an artificially low valuation; Keep private sector profits within reason and ensure … agreement; Carefully draft agreements that specify what the private entity promises to deliver in exchange for …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedState Comptroller DiNapoli Releases Audits
… audits have been issued. New York City Department of Education (DOE): Custodial Service Contract Procurement … not follow guidelines and submit a detailed cost breakdown of the services to be provided. Also, the contracts did not … the approved vendor list and could not provide copies of change orders to support the payment of $787,517 to a …
https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-dinapoli-releases-auditsNYS Comptroller DiNapoli Appoints First Director of Sustainable Investments and Climate Solutions
… is an increasingly urgent risk facing all investors, and I am determined to protect New York State’s pension fund by … keeping it at the forefront of those addressing it. Andrew will be a great asset in sourcing investment opportunities in … the low carbon economy,” Siwo said. “I have spent much of my career sourcing, assessing, and managing sustainable …
https://www.osc.ny.gov/press/releases/2020/01/nys-comptroller-dinapoli-appoints-first-director-sustainable-investments-and-climate-solutionsDiNapoli: Pandemic Disrupts Special Education; Many Students Missing Mandated Services
… during the pandemic that likely exacerbated pre-existing achievement gaps, according to a report released today by New … a student’s family to create an individualized education program (IEP) to meet the student’s unique learning needs. … may be greater for students with disabilities, and achievement gaps that predated the pandemic are likely to …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-pandemic-disrupts-special-education-many-students-missing-mandated-servicesControls Over Vehicle Use and Transportation-Related Expenses
… has established adequate controls to effectively monitor and ensure accountability over its vehicle use and maintenance expenses. The audit covered the Department’s vehicle use and maintenance expenses for the period from January 2017 to …
https://www.osc.ny.gov/state-agencies/audits/2021/10/07/controls-over-vehicle-use-and-transportation-related-expensesComptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea of Former NYC Council Member Ruben Wills
… State Comptroller Thomas P. DiNapoli and New York Attorney …
https://www.osc.ny.gov/press/releases/2017/11/comptroller-dinapoli-and-ag-schneiderman-announce-guilty-plea-former-nyc-council-member-ruben-willsState Comptroller DiNapoli Releases Municipal & School Audits
… investment program. From Jan. 1, 2022 through April 30, 2023, the district earned investment earnings totaling …
https://www.osc.ny.gov/press/releases/2024/05/state-comptroller-dinapoli-releases-municipal-school-auditsDiNapoli: New York's Higher Education Sector Boosts State and Local Economies, but Job Recovery Lags
… $8.3 billion in 2022. New York ranks third nationally for consumer spending on higher education, behind California … were $73,396 compared to average annual wages of $91,320 for all sectors statewide. The average wage at public … Technology (CAT) programs, which provide monetary support for R&D and act as a conduit for translating such R&D into …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-new-yorks-higher-education-sector-boosts-state-and-local-economies-job-recovery-lagsPlanning
… of where you are and what you would like your life to be in the future. However, having goals is one thing — … to do. You need to determine how much income you will need in retirement. The first step is to draw up a list of all … Security income of 20 percent of pre-retirement earnings. In our example, the combination of Social Security and …
https://www.osc.ny.gov/retirement/members/planningFinancial Outlook for the Metropolitan Transportation Authority
One year ago, the Metropolitan Transportation Authority’s (MTA) finances were in the best condition in years with all five years of its financial plan balanced as a result of new revenues approved by the State fiscal year 2023-24 enacted budget.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-17-2025.pdfAccounting for Capital Assets
A municipality's inventory of capital assets often represents its most significant investment of resources. This session will cover the proper accounting for these valuable assets. We will also discuss best practices to ensure these assets are properly safeguarded from theft or loss.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-capital-assets-110624.pdfDiNapoli Announces State Contract & Payment Actions for May 2014
… DiNapoli’s auditors also recovered nearly $103,000 from vendors owing debts to the state. Open Book New York For …
https://www.osc.ny.gov/press/releases/2013/06/dinapoli-announces-state-contract-payment-actions-may-2014Oversight of Hazardous Materials and Waste
… University of New York (SUNY) is the largest comprehensive system of public education in the nation, comprising 64 … more environmentally responsible SUNY community, SUNY’s System Administration established the Environmental Health & … of internal controls we reviewed. For example, Buffalo’s system of internal controls over hazardous materials …
https://www.osc.ny.gov/state-agencies/audits/2018/12/03/oversight-hazardous-materials-and-wasteDiNapoli: IDA Audits Reveal Need For Improved Project Oversight
… approvals or results, according to audits issued today by New York State Comptroller Thomas P. DiNapoli. “When … needs to be done.” The Comptroller’s audits, which focused on project approval and oversight, revealed: Niagara County … both houses of the state Legislature and, if signed into law by the Governor, will address many of the concerns raised …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-ida-audits-reveal-need-improved-project-oversightDiNapoli Presses Companies on Political Disclosure
… ballot measures, any direct or indirect state and federal lobbying, payments to any trade associations used for … Corp. NYS Common Retirement Fund’s Political Spending and Lobbying Disclosure Engagement Since 2010, the Fund has filed … over 140 shareholder proposals on political spending and lobbying disclosures, and 39 companies have adopted or agreed …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-presses-companies-political-disclosureDiNapoli Announces State Contract & Payment Actions for January 2014
… office reviewed 2,126 contracts valued at $13.9 billion and approved more than 1.5 million payments worth more than … 191 contract transactions valued at $348.7 million and 1,735 payments valued at nearly $1.1 million due to … roads and bridges. Approved $30 million in federal HEAP benefits to assist 57,500 low-income New Yorkers with home- …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-announces-state-contract-payment-actions-january-2014Opinion 94-18
… in the opinion. VILLAGES -- Powers and Duties (conveyance for nominal consideration to private not-for-profit corporation) CONSTITUTIONAL LAW -- Gifts and Loans (transfer of village real property for nominal consideration to not-for-profit corporation) REAL …
https://www.osc.ny.gov/legal-opinions/opinion-94-18Subway Wait Assessment
… Purpose To determine whether New York City Transit (Transit) provides passengers service on … in the official schedule. The assessment determines the number of intervals between trains that meet the standard …
https://www.osc.ny.gov/state-agencies/audits/2016/04/06/subway-wait-assessmentState Comptroller DiNapoli Releases School District Audits
… and in the best interest of taxpayers. Auditors reviewed 30 purchases totaling $200,012 and expenditures for five …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-school-district-audits-1New York's Prison Population Continues Decline, But Share of Older Adults Keeps Rising
… to parole supervision under DOCCS jurisdiction also rose. The state’s prison population has been trending …
https://www.osc.ny.gov/press/releases/2022/01/new-yorks-prison-population-continues-decline-share-older-adults-keeps-rising