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Cost-Saving Ideas: School District Auditing - Roles, Responsibilities and Resources
… yourself with the different roles and responsibilities in the audit process. Understanding the different roles Each … Auditor – Performs risk assessments and helps the board in developing internal controls to reduce financial risk. … spouse (or spouse equivalent) dependent (related or not) In addition, you must use good judgment by not appointing …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-school-district-auditing-roles-responsibilities-and-resourcesSelected Aspects of Accommodations for Passengers With Disabilities (Follow-Up)
… in Manhattan (9th Street, 14th Street, 23rd Street, and Christopher Street) were not accessible for customers who are …
https://www.osc.ny.gov/state-agencies/audits/2023/05/12/selected-aspects-accommodations-passengers-disabilities-followXII.6.M Lien Processing and Financial Reporting for Sole Custody Accounts – XII. Expenditures
… and requirements on the Internal Revenue Service’s (IRS) Form 1099 reporting and filing requirements, as well as lien … a single calendar year must be reported to the payee via a Form 1099 (information return), and a copy must be filed with … payments, as well as prepare and distribute the required Form 1099 information return to the payee and file with the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6m-lien-processing-and-financial-reporting-sole-custody-accountsContracts for Personal and Miscellaneous Services (Follow-Up)
… five recommendations included in our initial audit report, Contracts for Personal and Miscellaneous Services ( 2009-S-54 … have documentation to justify the need for new or renewed contracts for personal and miscellaneous services. In … to support that it periodically reassessed all of its contracts for personal and miscellaneous services. We also …
https://www.osc.ny.gov/state-agencies/audits/2014/01/07/contracts-personal-and-miscellaneous-services-followContract Submission System Guide for Public Authority Users
… to submit contracts and contract amendments for prior approval or filing to the Office of the State Comptroller … timeliness for each contract transaction which requires approval. As a CSS user, you can: Enter the State authority's … Submit contracts and amendments to OSC for filing or approval Access all contracts that your authority has …
https://www.osc.ny.gov/state-agencies/contracts/contract-submission-system-guide-public-authority-usersDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… rode the market rebound from the depths of the pandemic and enjoyed the largest one-year investment return in its … but it comes with a caution. Markets remain volatile and as unpredictable as ever. With our talented investment … to come.” The Fund's value reflects retirement and death benefits of $13.66 billion paid out during the fiscal year. …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyDiNapoli Calls for State Procurement Reform
… the state from using state-affiliated not-for-profits to do state business, makes procurement requirements uniform, … authorities can adopt their own internal guidelines and do not have to follow state agency requirements clearly set …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-calls-state-procurement-reformHancock Central School District - Non-Resident Student Tuition (2021M-208)
… established non-resident tuition (NRT) rates in the best interest of District taxpayers. Key Findings Officials did not establish NRT rates in the best interest of District taxpayers. We found: While the … officials established nonresident tuition NRT rates in the best interest of District taxpayers …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/hancock-central-school-district-non-resident-student-tuition-2021m-208DiNapoli Calls for Transparency From Companies Regarding Affordability Concerns
… are being squeezed financially and that, in turn, is threatening long term shareholder value,” DiNapoli said. “The affordability crisis is very real. We are actively tackling risks around … that it does not use surveillance pricing either. The Fund is awaiting Visa’s response. Surveillance pricing is the …
https://www.osc.ny.gov/press/releases/2026/03/dinapoli-calls-transparency-companies-regarding-affordability-concernsArea #8 – Online Banking – Information Technology Governance
… electronic fraud targeting online banking are phishing 15 and malware. 16 In a typical scenario, the targeted … are collected for malicious use. A key logger collects login information, allowing the perpetrator to impersonate … the legitimate user or create another user account with access to the victim’s online bank accounts. Thereafter, …
https://www.osc.ny.gov/local-government/publications/it-governance/area-8-online-bankingSelected Aspects of Accommodations for Passengers With Disabilities
… and maintaining boarding accessibility. PANYNJ is also subject to certain DOJ regulations. Title II prevents … website accessibility. Key Findings Although PANYNJ is in compliance with selected aspects of the ADA and … where the closest handicapped-accessible PATH station is located. PANYNJ’s website did not follow DOJ’s best …
https://www.osc.ny.gov/state-agencies/audits/2021/07/29/selected-aspects-accommodations-passengers-disabilitiesXI.18.C Consultant Disclosure – XI. Procurement and Contract Management
… by state agencies during the previous fiscal year. OSC is required to include in the Consulting Services Report the … Form A into new solicitations for consulting services. It is important to note that regardless of a contract's payment … report the required data. Submission of a completed Form A is required for OSC approval of new contracts for consulting …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18c-consultant-disclosureRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… financial management information system or online banking to track daily cash balances. Perform a detailed cash flow … timing when formulating the budget. Review historical data to determine typical cash inflows and outflows throughout the … the frequency of billing (for example, from semiannual to quarterly), but first perform an analysis to ensure that …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsNYS Common Retirement Fund Reports First Quarter Results
… Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2019-20 was 3.38 percent for … approach and closely examine our seven percent target rate of return to determine if it is due for an adjustment as a matter of prudent fiscal management. Our constant goal is to ensure …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsAccounts Payable Advisory No. 68
… Services’ centralized contracts. The moving services contract is a multi-award contract that requires agencies to solicit bids from the contract vendors to ensure the agency receives the best value for … referred to as a “best and final offer” process, from the list of eligible contractors. An agency must monitor moving …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/68-monitoring-moving-servicesOpinion 2010-2
… Madison Square Garden v MTA , 7 Misc 3d 1030A, 801 NYS2d 236, affd 19 AD3d 284, 799 NYS2d 186, appeal dismissed 5 NY3d … Creole v Guiliani , 167 Misc 2d 810, 636 NYS2d 547, affd 236 AD2d 272, 653 NYS2d 576, lv denied 90 NY2d 802, 660 NYS2d … mix of programming as had been done for many years" (236 AD2d at 272, 653 NYS2d at 576). In Matter of Toussie v …
https://www.osc.ny.gov/legal-opinions/opinion-2010-2NYS Common Retirement Fund Announces First Quarter Results
… 2017, with an estimated value of $197.1 billion, according to New York State Comptroller Thomas P. DiNapoli. "Strong domestic stock market returns continued to buoy our investments through the opening months of the … 31, 2017 end of the state fiscal year was revised upward to $192.1 billion from an initial estimate of $192 billion. …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Reports First Quarter Results
… for the three-month period ending June 30, 2021, according to New York State Comptroller Thomas P. DiNapoli. It ended … as industry sectors and companies recover and adapt to the pandemic,” DiNapoli said. “We continue to seek prudent investments and manage the state pension fund …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli Proposes More Transparency for Fire Protection Costs
… "My legislative proposal would help ensure that the public is aware of the costs of providing fire services before … that implements best practices." DiNapoli's legislation is supported by the Firemen's Association of the State of New … residents. New York's system for providing fire protection is complex. It can lead to lack of civic understanding, …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-proposes-more-transparency-fire-protection-costsEthics
… x 17in. paper. Conflicts of Interest of Municipal Officers and Employees [pdf] Model Code of Ethics - Local Governments … Resources and information on ethics for local officials …
https://www.osc.ny.gov/local-government/resources/ethics