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Accounts Payable Advisory No. 52
… Subject: The purpose of this section is to provide guidance to ensure that agencies receive the … must complete the receiving processes timely to establish what was received, the quantity or amount received, the date … of any discounts vendors may offer. Prior to certifying a claim for payment for goods and services, agency staff must …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/52-gfo-receiving-section-xi-a9New York’s Labor Force: Assessing 10-Year Trends and Pandemic Setbacks
… Message from the Comptroller A robust labor force is critically important for employers to succeed and grow in New York, and it matters for the fiscal health of the State and local … still well below 2011 levels. In contrast, participation rates were highest for Hispanics or Latinos (just over 61 …
https://www.osc.ny.gov/reports/new-yorks-labor-force-assessing-10-year-trends-and-pandemic-setbacksDiNapoli: Audit Finds Poor Financial Management by Central New York Regional Market Authority Board
… The Central New York Regional Market Authority’s financial position has deteriorated, and … on the authority’s budget. “The Central New York Regional Market Authority board and officials need to turn its … The Syracuse-based public authority operates a farmers market and flea market to help vendors sell their products to …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-audit-finds-poor-financial-management-central-new-york-regional-market-authority-boardThe 80/20 Housing Program
… To determine whether housing developers participating in the Housing Finance Agency’s 80/20 Program complied with … rent skewed option, the next available market rate unit does not have to be offered to a low-income tenant. Tenants … were not verified with the Internal Revenue Service (IRS). The incomes of about one-third of the original tenants …
https://www.osc.ny.gov/state-agencies/audits/2017/05/31/8020-housing-programOverview – XI. Procurement and Contract Management
… The requirement for prior approval by the Office of the State Comptroller … for more information.) The contracting party must be registered in the Statewide Vendor File and have a valid …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi7-overviewState Comptroller DiNapoli Statement on New York City Financial Plan
… November 2021 Financial Plan modification indicates that the recovery is underway, but that its trajectory is uncertain, with … earlier projections. The updated financial plan highlights why smart use of the city’s federal relief funds and …
https://www.osc.ny.gov/press/releases/2021/11/state-comptroller-dinapoli-statement-new-york-city-financial-planDiNapoli: State Tax Receipts Exceeded Updated Projections in First Quarter
… receipts totaled $27.6 billion through the first quarter of State Fiscal Year (SFY) 2023-24, $450.8 million higher than estimates released in the Division of the Budget’s (DOB) Enacted Budget Financial Plan. However, … fiscal outlook,” DiNapoli said. “While inflation has eased and hiring has held up, consumer spending has slowed in …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-tax-receipts-exceeded-updated-projections-first-quarterCentral New York Regional Market Authority – Internal Controls Over Selected Financial Operations (2015M-235)
… May 31, 2015. Background The Central New York Regional Market Authority is located in the City of Syracuse in … and the New York State Commissioner of Agriculture and Markets. The Authority’s operating expenditures for the … established policy procedures. … Central New York Regional Market Authority Internal Controls Over Selected Financial …
https://www.osc.ny.gov/local-government/audits/public-authority/2015/12/31/central-new-york-regional-market-authority-internal-controls-overDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… including global unrest, labor market weakness, or adverse weather could negatively impact the economy.” Personal income … Year-to-date consumption and use tax collections totaled $11.3 billion, 2.4% or $265.3 million higher than the same …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… Employer contribution rates for the state's pension system in State Fiscal Year 2019-20 will be in line … and that provides predictability for employers as they plan their future budgets," DiNapoli said. "New York State's …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020DiNapoli Announces Scheduled Sale of $543 Million State of New York General Obligation Bonds
… tax-exempt and taxable New York state General Obligation (GO) bonds scheduled for September 27th and 28th, currently … 2023C bonds to refund a portion of certain outstanding GO bonds to reduce the state’s overall debt service costs. A …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-announces-scheduled-sale-543-million-state-new-york-general-obligation-bondsNYS Common Retirement Fund Reports Third Quarter Results
… and see more federal stimulus bolstering the broader economy. We will continue to manage investments with caution … The New York State Common Retirement Fund is the third largest public pension fund in the United States. The Fund …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli: Ralph Lauren Should Ensure Human and Worker Rights are Upheld in its Operations
… filed by the AFL-CIO, urges the clothing maker to detail how it handles potential and actual human rights risks in its … explain what steps it is taking to ensure human rights are upheld there and throughout its supply chain. Safety in … a positive corporate reputation. It is vital that companies take all steps possible to hold their suppliers …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-ralph-lauren-should-ensure-human-and-worker-rights-are-upheld-its-operationsTown of Westfield - Real Property Acquisition (2019M-119)
… the time of purchase, the property had an estimated full market value of $243,000. Key Recommendations Use a thorough … the Town intends to purchase or sell to help ensure the price is reasonable. Town officials disagreed with our …
https://www.osc.ny.gov/local-government/audits/town/2019/11/22/town-westfield-real-property-acquisition-2019m-119Fund's Mission, Values and Investment Philosophy
… We feel enjoyment, satisfaction, and accomplishment from working at the Fund. Investment Philosophy Investment … We consider environmental, social and governance factors in our investment process because they can influence both … We consider environmental, social and governance factors in our investment process because they can influence both …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyState Tax Collections Rose $4.9 Billion in Fiscal Year 2017-18
… but recent financial market volatility is a cautionary sign and questions still remain about how federal tax changes … 2016-17. Within that category, estimated payments were up by $2.8 billion or 18.8 percent. Consumption and use taxes rose to $16.7 billion, up $499.4 million or 3.1 percent from the previous year. …
https://www.osc.ny.gov/press/releases/2018/04/state-tax-collections-rose-49-billion-fiscal-year-2017-18NYS Comptroller DiNapoli Writes to President Biden in Support of His Planned Veto of Anti-ESG Resolution
… allows managers of retirement funds that are subject to the Employee Retirement Income Security Act to consider … of H.J. Res. 30 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule … and prevailing market practices of ERISA fiduciaries, who are a meaningful segment of institutional investors. It …
https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolutionNY State Comptroller DiNapoli Statement on Pew Charitable Trusts Ranking State Pension Fund One of Top in Nation
… said. "We have strategically put New York on a steady course to capitalize on long-term market opportunities and … portfolio of public and private equities, fixed income, real estate and alternative instruments. … The financial health of …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-statement-pew-charitable-trusts-ranking-state-pension-fund-one-topDiNapoli: Food Giant ConAgra Agrees to State Pension Fund's Proposal to Buy Sustainable Palm Oil
… U.S., has committed to using only sustainably-sourced palm oil that is grown and harvested in ways that do not … Retirement Fund (Fund) has withdrawn its sustainable palm oil shareholder proposal , which it co-filed with Green … the market at large that destroying tropical rainforests for palm oil is unacceptable.” Under its new policy , by …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-food-giant-conagra-agrees-state-pension-funds-proposal-buy-sustainable-palm-oilDiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… questionable costs that were paid by the state Office of Mental Health (OMH) to an Altamont, N.Y. company that serves … a supportive housing provider for New Yorkers with mental illness. The audit released today examined Rehabilitation …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-provider