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EcoNews, Winter 2018
Over 10 years ago, I established a Green Initiative in the Office of the State Comptroller.
https://www.osc.ny.gov/files/reports/special-topics/pdf/environmental-econews-2018.pdfFinancial Challenges Facing Local Governments: Federal and State Aid Shrink as a Share of Revenues
Financial Challenges Facing Local Governments: Federal and State Aid Shrink as a Share of Revenues
https://www.osc.ny.gov/files/local-government/publications/pdf/FederalStateAid.pdfProperty Tax Cap Overview of the Role of the Office of the State Comptroller
Property Tax Cap Overview of the Role of the Office of the State Comptroller
https://www.osc.ny.gov/files/local-government/property-tax-cap/pdf/overview.pdfExistential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
The pandemic caused a dramatic drop in riders and ridership revenue for transit systems across the country, and the MTA was hit particularly hard.
https://www.osc.ny.gov/files/reports/osdc/pdf/mta-fiscal-pressures.pdfNew Suffolk Common School District - Board Oversight and Local Finance Law (2018M-177)
Determine whether the Board provided adequate oversight of financial operations and whether they and officials complied with Law when using a line of credit.
https://www.osc.ny.gov/files/local-government/audits/pdf/new-suffolk.pdfNew Legislation Providing Financial and Budgetary Flexibility to Local Governments and School Districts
The purpose of this Legislation is to relieve some of the financial stress experienced by local governments and school districts.
https://www.osc.ny.gov/files/local-government/publications/pdf/providing-financial-and-budgetary-flexibility-to-local-governments-and-school-districts.pdfXII.8.F Changes to Vouchers After Submission to OSC – XII. Expenditures
… requires changes after submission to the Office of the State Comptroller (OSC) for payment through the Statewide … requires changes, agencies should contact the Bureau of State Expenditures’ Voucher Audit Team by email addressed to … . For vouchers payable by check, the Bureau of State Expenditures must receive notification from the agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8f-changes-vouchers-after-submission-oscLease Classification Changes as Required by GASB Statement No. 87
This bulletin explains the GASB’s new definition of a lease (including outlining the types of leases that are excluded by this new standard) and an explanation of what a lease term is per Statement 87.
https://www.osc.ny.gov/files/local-government/publications/pdf/lease-classification-changes-required-by-gasb-statement-87.pdfIV.4.F Capital Projects – IV. Accounting Codes - Uses and Descriptions
… payments made for: The acquisition or construction of the State’s capital facilities including planning, land … capital construction expenditures. Kinds of construction New Building Facilities Infrastructure – Highways, Bridges, … Engineers, Surveyors, etc.) Design and Consultant Services New Equipment (office furnishings, medical and health …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv4f-capital-projectsOpinion 90-30
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … apply "to any mortgage granted to or made by the state of New York ... or any political subdivision of the state ...". …
https://www.osc.ny.gov/legal-opinions/opinion-90-30DiNapoli: Local Governments Challenged by Slow Revenue Growth
… Many of New York’s local governments are coping with slow or no … released today by State Comptroller Thomas P. DiNapoli. “New York’s municipal governments are seeing sales tax revenue … Many of New Yorks local governments are coping with slow or no …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-local-governments-challenged-slow-revenue-growthVI.5 Project Budgets – VI. Budgets
… that can be charged and posted to project budgets. State agencies prepare, approve and post budget journals to … is used to collect financial transactions associated with State projects including capital projects and for federal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vi5-project-budgetsState Comptroller Thomas P. DiNapoli Statement on Enacted State Budget
… the enacted budget in detail, including its impact on the state's debt and out-year finances. …
https://www.osc.ny.gov/press/releases/2015/04/state-comptroller-thomas-p-dinapoli-statement-enacted-state-budgetPrivate Equity
… Management, LLC Private Equity Program 180 North Stetson Avenue, Suite 1320 Chicago, IL 60601 (312) 782-7771 … Equity Co-Investment Program 540 Madison Ave, 21st Floor New York, NY 10022 (646) 507-5927 www.farolam.com Leadership: …
https://www.osc.ny.gov/common-retirement-fund/emerging-manager/private-equityCUNY Bulletin No. CU-388
… modified eligibility for Deduction Code 300, MetLife Whole Life Insurance program. Affected Employees Employees in … Units TK, TY and SF to participate in a voluntary whole life insurance program administered by MetLife. Agency … modified eligibility for Deduction Code 300 MetLife Whole Life Insurance program …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-388-change-eligibility-metlife-whole-life-insurance-programAudit of the Tuition Assistance Program at Plaza College
… Rules and Regulations when certifying students for State-funded Tuition Assistance Program (TAP) awards. … plus applicable interest, from Plaza College. The State Education Department should ensure that school … of Interest Higher Education Services Corporation/State Education Department: Audit of the Tuition Assistance …
https://www.osc.ny.gov/state-agencies/audits/2013/11/05/audit-tuition-assistance-program-plaza-collegeOpinion 90-1
… are credited to the general fund, town-wide (1980 Opns St Comp No. 80-784, p 214; see also 1979 Opns St Comp No. 79-614, unreported; 29 Opns St Comp 1973, p 173; 1970 Opns St Comp No. 70-753 unreported; …
https://www.osc.ny.gov/legal-opinions/opinion-90-1Opinion 88-7
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … in the case of counties, cities other than the City of New York, villages and city school districts, General Municipal …
https://www.osc.ny.gov/legal-opinions/opinion-88-7XVI.4.A Cash and Investments – XVI. Financial Reporting
… bearing deposits with financial institutions. The State maintains approximately 3,000 bank accounts for various … and Finance; and funds of the Division of the Lottery. The New York State and Local Retirement System as well as various …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsOpinion 2000-24
… issues discussed in the opinion. MUNICIPAL COOPERATION -- Police Protection (joint service agreement between two non-contiguous villages) POLICE AND POLICE PROTECTION -- Contract for (between two non-contiguous … municipal cooperation agreement for the joint provision of police protection …
https://www.osc.ny.gov/legal-opinions/opinion-2000-24