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Opinion 91-42
… village funds) GENERAL MUNICIPAL LAW, §119-n; MUNICIPAL HOME RULE LAW, §10[1][i]; VILLAGE LAW, §4-408: A village and … (see General Municipal Law, §119-n). As to the village's home rule power in this instance, we note that villages are … to their property, affairs or government (Municipal Home Rule Law, §10[1][i], [ii][e][3]). Since fire department …
https://www.osc.ny.gov/legal-opinions/opinion-91-42Leading the Way on Climate Investment
… Plan takes a comprehensive approach to addressing climate risk and investing in climate solutions. This multi-faceted … with portfolio companies and managers, sophisticated risk assessments, strong public policy advocacy and, as a … increasingly moves toward net zero emissions targets by or before 2050, this goal will continue to ensure the Fund’s …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentXI.5 Purchase Authorizations – XI. Procurement and Contract Management
… term contract that allows for the purchase of commodities on an as-needed basis, the contract should be established as … the contract amount for the Purchase Authorization based on estimated usage over the contract term. Once the Purchase … reservation (e.g. PAFR0016). For additional instruction on this topic, visit the job aids published to SFS Coach. SFS …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi5-purchase-authorizationsNYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… environmental policies and practices and take steps to address climate risk. “Climate change is a significant threat … environmental policies and practices and take steps to address climate risk …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesDiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year
… tax receipts, according to the state monthly cash report and a mid-year report on revenue and spending trends released today by New York State … fiscal year,” DiNapoli said. “While the current financial situation is positive, we still need to see how holiday sales …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collections-exceed-projections-through-first-half-fiscal-yearDiNapoli: State's Fiscal Outlook Declines
… Just a year after the Division of the Budget forecast fiscal stability and no projected budget gaps in the … outlook include declines in revenue from a weaker economic forecast, stock market volatility, and increases in recurring … identifies several risks and concerns related to DOB’s forecast and projections, including the following. Increasing …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-states-fiscal-outlook-declinesDiNapoli Releases May State Cash Report
… Thomas P. DiNapoli. "The state's tax revenues did not make up ground in May and are still more than $1 billion lower than last … impacts state revenues." Through the first two months, All Funds receipts totaled $22.5 billion, representing a …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-releases-may-state-cash-reportVillage of Keeseville – Financial Condition (2013M-192)
… total fund balance for the general, sewer, and water funds at the end of the last three fiscal years were either … the Board were not aware of the general, sewer, or water funds’ actual operating results and overall financial … fiscal year. Specifically, the general, sewer, and water funds had a combined total deficit fund balance of $4,623 and …
https://www.osc.ny.gov/local-government/audits/village/2013/09/20/village-keeseville-financial-condition-2013m-192Housing Trust Fund Corporation – Oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly Program
… selection was properly documented by Homes and Community Renewal (HCR); and whether selected LPAs were properly … of several of New York State’s major housing and community renewal agencies, including the Housing Trust Fund … low-income housing. Within HTFC, the Office of Community Renewal (OCR) is responsible for administering the RESTORE …
https://www.osc.ny.gov/state-agencies/audits/2021/07/15/housing-trust-fund-corporation-oversight-residential-emergency-services-offer-home-repairsNew York State Comptroller DiNapoli and New York City Retirement Systems and Pension Funds Announce Appointment as Lead Plaintiffs in Wynn Resorts Shareholder Lawsuit
… and Pension Funds have been appointed co-lead plaintiffs in a derivative lawsuit filed against certain officers and … employees to perform sex acts, allegations detailed in a January 26, 2018 Wall Street Journal exposé revealing … and CEO of Wynn Resorts and sold all of his stock holdings in the company he named after himself. "I am pleased that the …
https://www.osc.ny.gov/press/releases/2018/05/new-york-state-comptroller-dinapoli-and-new-york-city-retirement-systems-and-pension-funds-announceDiNapoli Releases July Cash Report
… lower than projections from the Enacted Budget. Spending for local assistance programs totaled $32.2 billion and was …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-releases-july-cash-reportNY State Comptroller DiNapoli Announces Appointment of Interim Emerging Managers Director
… today announced the promotion of Sylvester (Sly) McClearn to interim director of the New York State Common Retirement … financial industry and I have no doubt he will continue to build on our long record of success. Now, more than ever, … asset for institutional investors. I look forward to his contributions.” “We are extremely proud of our …
https://www.osc.ny.gov/press/releases/2023/02/ny-state-comptroller-dinapoli-announces-appointment-interim-emerging-managers-directorDiNapoli Releases State Cash Report
… than projected, with collections for the fiscal year now $142.3 million higher than projections from the Enacted … well as funds from the federal government. The report is now accessible in Excel and Adobe formats. Since becoming … than projected with collections for the fiscal year now $1423 million higher than projections from the Enacted …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli: MWBE Participation in the State’s Pension Fund Rose to All-Time High in State Fiscal Year 2020-21
… $20 billion to approximately $27 billion in state fiscal year 2020-21 and the Fund’s Emerging Manager program grew … $27 billion, have been allocated to MWBEs, up from 21% a year earlier. While the Fund’s 2020-21 fiscal year saw market disruptions from the global COVID-19 …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-mwbe-participation-states-pension-fund-rose-all-time-high-state-fiscal-year-2020-21Town of Red Hook - Financial Condition (2018M-171)
… fund’s year-end fund balance increased from $292,780 to $917,351, or 213 percent. In June 2018, the Board adopted … policy that allowed for unexpended surplus funds of up to 70 percent of annual expenditures. The policy did not … that benefits taxpayers. Revise the fund balance policy to ensure reasonable levels of fund balance and define timing …
https://www.osc.ny.gov/local-government/audits/town/2018/11/02/town-red-hook-financial-condition-2018m-171Town of Lincklaen – Board Oversight (2017M-37)
… Board. Budgeted appropriations for the general and highway funds for 2017 totaled approximately $535,000. Key Findings … fund balance in the general and highway town-wide funds without clear plans to use this money. The Board did … Adopt a comprehensive fund balance policy and use excess funds as a financing source in a manner that benefits Town …
https://www.osc.ny.gov/local-government/audits/town/2018/01/26/town-lincklaen-board-oversight-2017m-37Camden Central School District – Financial Condition (2016M-51)
… in the Towns of Annsville, Camden, Florence, Lee and Vienna in Oneida County; the Town of Constantia in Oswego … budgets with realistic estimates of expenditures. Develop a plan to use excess funds in a manner that benefits District … funds to unrestricted fund balance, where allowed by law, or other reserves established and maintained in compliance …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/camden-central-school-district-financial-condition-2016m-51Randolph Central School District – Financial Management (2014M-20)
… Background The Randolph Central School District is located in the Towns of Coldspring, Conewango, Leon, Napoli, Randolph, Red House and South Valley in Cattaraugus County and the Towns of Ellington and Poland in Chautauqua County. The District is governed by an elected …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/13/randolph-central-school-district-financial-management-2014m-20East Williston Union Free School District – Extra-Classroom Activities (2016M-103)
… was to review the District’s cash receipt process over ECA funds for the period July 1, 2014 through September 30, 2015. … did not issue pre-numbered duplicate receipts for all funds placed in her custody. Funds are not always deposited in a timely manner. Bank …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/17/east-williston-union-free-school-district-extra-classroom-activitiesTown of Greene – Budget Practices (2016M-409)
… October 11, 2016. Background The Town of Greene is located in Chenango County and has a population of approximately … budgets for its four major operating funds, which resulted in operating surpluses. Town officials have not developed a … of fund balance, including reserves, to be maintained in each fund to meet the Town’s needs. Develop comprehensive …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-greene-budget-practices-2016m-409