Search
2025 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2025-stewardship-priorities.pdfDiNapoli: 90 School Districts in Fiscal Stress
… to change any time soon,” said DiNapoli. “Although the increases in fiscal stress are relatively minor, the same … fiscal health, to use these scores as an impetus for more deliberate and careful long-term budget planning.” … levels of stress last year. Additionally, 17 districts had increases of 25 percentage points or more in their total …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-90-school-districts-fiscal-stressComptroller DiNapoli Releases State Audits
… not implemented. New York State Health Insurance Program: Empire BlueCross and BlueShield: Selected Payments for … 1, 2012 through June 30, 2012 (2012-S-132) Auditors found Empire did not have adequate controls to ensure special items … were paid according to contract provisions. As a result, Empire made a net overpayment of $391,894 on 81 of the 100 …
https://www.osc.ny.gov/press/releases/2014/01/comptroller-dinapoli-releases-state-auditsAccounts Payable Advisory No. 52
… discounts vendors may offer. Prior to certifying a claim for payment for goods and services, agency staff must confirm the agency … act of acceptance, receivers must enter receipts in SFS for purchases from preferred sources, centralized contracts, …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/52-gfo-receiving-section-xi-a9State Agencies Bulletin No. 1354
… Purpose To inform agencies of new file layouts for inbound and outbound file interfaces to PayServ to … The accounting, reporting and payroll distribution data for all employees paid through PayServ will be affected … be able to compare data across PayServ and SFS, allowing for easier reconciliation of payroll charges. Effective …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1354-new-york-state-payroll-system-payserv-conversion-statewide-financialOpinion 99-12
… Pursuant to Town Law, §202(5), the debt service costs for each extension are charged only against the benefited … the procedure by which the outstanding indebtedness issued for the water district and its extensions may be charged to … the procedure by which the outstanding indebtedness issued for the sewer districts and extensions may be charged to the …
https://www.osc.ny.gov/legal-opinions/opinion-99-12Opinion 98-11
… LAW, §25-a: When the last day of the penalty-free period for the payment of real property taxes falls on a Saturday, … tax payment postmarked on the day after the last day for the payment of taxes without penalty is timely, when the last day of the penalty-free period is a Sunday. For purposes of this opinion, we have assumed this issue is …
https://www.osc.ny.gov/legal-opinions/opinion-98-11Opinion 92-19
… regulations. Section 1660 is a general enabling statute for towns, and details numerous traffic regulating actions a … street until such time as it has been formally offered for cession to the public and formally accepted as a public … or alternatively until it has been condemned by the town for use as a public street". Town Law, §278(1) provides that …
https://www.osc.ny.gov/legal-opinions/opinion-92-19Opinion 96-5
… fees unless a statute expressly so provides (see 1988 Opns St Comp No. 88-38, p 75; 1983 Opns St Comp No. 83-20, p 22). Section 5225 of the Insurance Law … (2 Opns St Comp, 1946, p 290; see also People v Brooklyn Garden Apartments , Inc. , 283 NY 373, 381 [1940]). We have …
https://www.osc.ny.gov/legal-opinions/opinion-96-5Opinion 96-16
… all the property and facilities of a town water district for the construction of a new town hall. This is in response … whether the town may use the excess proceeds from the sale for the construction of a new town hall if the town board … whether special legislation is necessary to use the moneys for that purpose. Section 198(12)(b) of article 12 of the …
https://www.osc.ny.gov/legal-opinions/opinion-96-16Compliance With School Safety Planning Requirements
… through February 15, 2019. About the Program The potential for emergency situations – including school shootings – compels school districts nationwide to plan for the unthinkable. Since 2000, New York State schools have … State and City Regulations outline general requirements for the plans, and specific requirements are left to safety …
https://www.osc.ny.gov/state-agencies/audits/2019/06/12/compliance-school-safety-planning-requirementsCongregate Meal Services for the Elderly
… residing in New York City. This number is expected to increase to 1.86 million by 2040. The federal Older Americans …
https://www.osc.ny.gov/state-agencies/audits/2018/01/11/congregate-meal-services-elderlyState Comptroller DiNapoli Releases School Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority," said DiNapoli. … online banking transactions or use a designated computer for online banking transactions. Not all employees involved … (Oneida County) The district did not seek competition for five professional service contracts totaling $265,706. …
https://www.osc.ny.gov/press/releases/2017/08/state-comptroller-dinapoli-releases-school-auditsState Agencies Bulletin No. 948
… exempt from Federal, State and/or Local tax withholdings for tax year 2009 Background According to IRS Publication 15, … by February 15 of each year. Please see instructions for Form W-4 for additional information. The New York State Department of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/948-claiming-exempt-federal-state-andor-local-tax-withholdingsQuestionable Payments for Practitioner Services and Pharmacy Claims Pertaining to a Selected Physician (Follow-Up)
… made in our initial audit report, Questionable Payments for Practitioner Services and Pharmacy Claims Pertaining to a … warranted Medicaid payment. This included $712,250 for 19,031 fee-for-service claims and $327,154 for 5,664 encounter claims …
https://www.osc.ny.gov/state-agencies/audits/2017/09/19/questionable-payments-practitioner-services-and-pharmacy-claims-pertaining-selectedState Agencies Bulletin No. 778
… agencies that the use of fixed amounts or percentages for tax withholdings that are entered into PayServ does not … or percentage. Agencies have entered the fixed amounts for Federal, State or local withholding taxes into PayServ, … Agencies must not initiate new fixed tax transactions for employees. For employees who have a fixed tax entry, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/778-fixed-amounts-tax-withholdingState Agencies Bulletin No. 693
… Refer to Payroll Bulletin No. 691 , dated January 4, 2007, for information on this report. Questions Questions regarding …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/693-agency-return-address-direct-deposit-advice-statementsState Agencies Bulletin No. 866
… Purpose To notify agencies of an increase in the regular SRA and TDA annual contribution limit … the Payroll Deductions mailbox. … To notify agencies of an increase in the regular SRA and TDA annual contribution limit …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/866-instructions-entering-supplemental-retirement-annuity-sra-and-taxOpinion 88-54
… The town board may, however, initiate proceedings for such an extension prior to the effective date of the … December 31, and, if so, what time table must be followed for the extension of the consolidated district. As noted in … delay including, among other factors, the potential for increases in the cost of improvements and further real …
https://www.osc.ny.gov/legal-opinions/opinion-88-54Lyndonville Central School District – Procurement and Claims Audit (2022M-144)
… and/or the District’s purchasing policy and procedures for 65 percent of the purchases we reviewed totaling … included sales tax or late fees. The Board did not ask for and was not provided with monthly warrants (a list of …
https://www.osc.ny.gov/local-government/audits/school-district/2022/12/16/lyndonville-central-school-district-procurement-and-claims-audit-2022m