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DiNapoli: MTA Capital Funding Gap May Exceed $12 Billion
… and financing these capital investments over the next 20 years will be difficult, according to a report released … to invest $105.7 billion (in 2012 dollars) over the next 20 years to maintain and modernize the existing transit … need to be invested in the subway system over the next 20 years. This estimate includes $15.6 billion to modernize …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionState Agencies Bulletin No. 1271
… Purpose This continues the partnership and collaborative efforts of agency Personnel/Payroll Offices and the Office of the State Comptroller (OSC) in reconciling employee Social … This continues the partnership and collaborative efforts of agency PersonnelPayroll Offices and the Office of the State Comptroller OSC in reconciling employ …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1271-verification-employee-social-security-numbers-and-names-be-reportedOpinion 93-7
… CONTRACTS -- Contracts Requiring Bidding (service of legal process) GENERAL MUNICIPAL LAW, §103: A contract to engage the services of a firm to serve legal process is not exempt from competitive bidding requirements as a professional service. You ask whether a …
https://www.osc.ny.gov/legal-opinions/opinion-93-7Capital Planning and Maintenance
… million in assets comprising five key transportation and commerce facilities in the State’s North Country: the … (Port); the New York and Ogdensburg Railway; and the Commerce and Heavy Industrial Parks. The assets operate in …
https://www.osc.ny.gov/state-agencies/audits/2016/04/08/capital-planning-and-maintenanceDiNapoli: New York State Ranked First Nationwide in Nonprofit Jobs And Organizations
… New York state ranked first nationwide in nonprofit jobs and organizations, with nearly 1.3 million … data made available for the first time earlier this year. Nonprofit groups in New York showed employment growth of 5.6 … billion in total wages. From 2007 to 2012, the number of nonprofit organizations grew by 2 percent in New York state …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-state-ranked-first-nationwide-nonprofit-jobs-and-organizationsOpinion 2004-6
… ARTS AND CULTURAL AFFAIRS LAW §57.07: A village may not permit an historical society to use an unneeded portion of a village building without … Law §57.07(2) and, as consideration under the contract, permit the historical society to use the unneeded space in a …
https://www.osc.ny.gov/legal-opinions/opinion-2004-6State Comptroller DiNapoli Releases Municipal & School Audits
… not ensure all cash in his custody was properly collected and disbursed and did not provide oversight of the bookkeepers, who … online banking. The board did not adopt written policies and procedures for cash receipts and disbursements and online …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-auditsDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… by nearly a third from earlier estimates, according to a report released today by State Comptroller Thomas P. … a reduction from $1 billion from June 2021. DiNapoli’s report also notes: The city has used federal aid to fund new … and take advantage of opportunities to pursue growth. Report Review of the Financial Plan of the City of New York …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aidNYS Pension Fund Commits $2 Billion to Climate Transition Index
… P. DiNapoli, trustee of the fund, announced today. This is part of the Comptroller's Climate Action Plan announced in … based on their transition readiness. FTSE Russell is one of the largest index providers in the world and its … said FTSE Russell CEO Arne Staal. “FTSE Russell is extremely pleased to be partnering with the Fund on its …
https://www.osc.ny.gov/press/releases/2021/12/nys-pension-fund-commits-2-billion-climate-transition-indexIX.9.C Transfer Procedure – IX. Federal Grants
… provided in the request: Chapter, section, year, page and lines of the law authorizing the transfer; Federal Fund(s), … transactional ChartFields for the charge and revenue lines on the journal are: Expenditure lines: GL Business Unit; Department; Program (this value will …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9c-transfer-procedureDiNapoli: NYC Needs to Develop Comprehensive Plan to Manage Pandemic-Battered Finances
… and financial outlook, should develop a comprehensive plan to lay out its options before resorting to long-term borrowing to fund operations, according to a report released today by … and financial outlook should develop a comprehensive plan to lay out its options before resorting to longterm borrowing …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-nyc-needs-develop-comprehensive-plan-manage-pandemic-battered-financesState Comptroller DiNapoli Releases Municipal & School Audits
… P. DiNapoli today announced the following local government and school audits were issued. City of Salamanca – … collections were not always accurately recorded and because adequate collection records were not always … consisted of 1,835 entries made during the audit period and determined: 1,759 entries lacked a duplicate …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1Overlap, Duplication, Gaps, and/or Fragmentation of Workforce Development Programs and Services (Follow-Up)
… of implementation of the five recommendations included in our initial audit report, Overlap, Duplication, Gaps, … State-level and local and contracted providers have roles in coordinating or providing services. Together, these … and Opportunity Act (WIOA) funding. WIOA took effect in October 2016 and is designed to strengthen and improve the …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/overlap-duplication-gaps-andor-fragmentation-workforce-development-programs-and-servicesState Comptroller DiNapoli Releases Municipal & School Audits
… of $451,664. Of the 10 revenue accounts reviewed as of Dec. 31, 2022 and Dec. 31, 2023, two accounts were overstated by a total of … of $7,642. Of the 10 expenditure accounts reviewed as of Dec. 31, 2022 and Dec. 31, 2023, three accounts were …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-releases-municipal-school-auditsInvestors: Exxon Needs to Step Up on Climate Change
… On the eve of ExxonMobil’s annual meeting, New York State … (Fund), and the Church of England, called on ExxonMobil to agree to their request that the company address how it will be affected by worldwide efforts to adopt the … Common Retirement Fund and the Church of England called on ExxonMobil to agree to their request that the company …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeTown of Wawayanda – Financial Operations (2024M-160)
… our comments on issues raised in the Town’s response letter. We conducted this audit pursuant to Article V, … corrective action. A written corrective action plan (CAP) that addresses the findings and recommendations in this … Law. For more information on preparing and filing your CAP, please refer to our brochure, Responding to an OSC Audit …
https://www.osc.ny.gov/local-government/audits/town/2025/04/25/town-wawayanda-financial-operations-2024m-160DiNapoli: Former Essex County Fair Treasurer and Willsboro Town Clerk Pleads Guilty to Stealing Nearly $90,000 From the Essex County Agricultural Society and Town
… former Willsboro town clerk/tax collector, pleaded guilty to stealing nearly $90,000 in funds from the society and the … the trust of her community and used her two positions to enrich herself at taxpayer expense,” DiNapoli said. “My thanks to Franklin County District Attorney Crawford and …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-former-essex-county-fair-treasurer-and-willsboro-town-clerk-pleads-guilty-stealing-nearlyDiNapoli: Monster Beverage Needs To Diversify Board
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) has filed a … proposal with Monster Beverage Corporation calling on the company to report on plans to increase gender and racial diversity on its board. The Fund's proposal is co-sponsored by the Connecticut …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-monster-beverage-needs-diversify-boardComptroller DiNapoli and A.G. Underwood Announce Indictment of Former NYC Council Candidate Alberto Alvarez and Former Non-Profit Director Anna Mendez
… make out in their own names while Alvarez watched; Alvarez then allegedly collected the money and false contribution …
https://www.osc.ny.gov/press/releases/2018/12/comptroller-dinapoli-and-ag-underwood-announce-indictment-former-nyc-council-candidate-albertoDiNapoli: NYC Finances Strong But Slowing Economy Presents Risks
… economy given current developments. To their credit, Mayor de Blasio and the City Council have prudently increased the city’s reserves in recent years.” In January, Mayor de Blasio released his preliminary executive budget for …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-nyc-finances-strong-slowing-economy-presents-risks