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Capital Planning and Maintenance
… had an operating budget of approximately $6.2 million, with $77,000 in operating cash allocated to capital projects. …
https://www.osc.ny.gov/state-agencies/audits/2016/04/08/capital-planning-and-maintenanceOpinion 2004-6
… or statutory amendments that bear on the issues discussed in the opinion. HISTORIC PRESERVATION -- Contracts (by … permit the historical society to use the unneeded space in a municipal building, without payment of cash rent, so … is at least equal to the value of the use of the space in the building. You ask whether a village may permit an …
https://www.osc.ny.gov/legal-opinions/opinion-2004-6DiNapoli: NYC Needs to Develop Comprehensive Plan to Manage Pandemic-Battered Finances
… COVID-19 pandemic has created a significant revenue loss for the city while driving up costs to deal with its … if and when deficit financing is truly needed. Washington, for its part, can, and must, help the city weather this … potential revenue shortfalls and should be a prerequisite for considering deficit financing as a revenue source, …
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
… to outside law enforcement for review. Brighton Central School District – Procurement (Monroe County) District … were solicited to maximize earnings. North Salem Central School District – Network User Accounts (Westchester County) … left the district between 2011 and 2019. Hilton Central School District – Network Access Controls (Monroe County) In …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-auditsIX.9.C Transfer Procedure – IX. Federal Grants
… the Budget (DOB) to approve the transfer of federal grant funds to a state fund. The following information must be … the transfer, including the fund name or program in which funds are being transferred into, and must include the … amounts are not exceeded. Authority to transfer federal funds to an earned revenue account or to reimburse State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9c-transfer-procedureDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… DiNapoli said. “The city should capitalize on this good fortune and set aside resources to address unexpected …
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
… The New York State Common Retirement Fund (Fund) will invest $2 billion in an index focused on reducing the risks of climate change and capitalizing on the opportunities … the fund, announced today. This is part of the Comptroller's Climate Action Plan announced in 2019 and his goal for the …
https://www.osc.ny.gov/press/releases/2021/12/nys-pension-fund-commits-2-billion-climate-transition-indexState Comptroller DiNapoli Releases Municipal & School Audits
… accounting software that she paid for with her personal credit card. The village should not reimburse anyone other …
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-servicesInvestors: Exxon Needs to Step Up on Climate Change
… (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 … supported the 2-degree scenario analysis. New York state’s pension fund and the Church of England co-filed the proposal …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeDiNapoli: Monster Beverage Needs To Diversify Board
… State Common Retirement Fund is the third largest public pension fund in the United States. The Fund holds and …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-monster-beverage-needs-diversify-boardState Comptroller DiNapoli Releases Municipal & School Audits
… today announced the following local government and school audits were issued. Hammondsport Central School District – Multiyear Planning (Steuben County) … reserve policy and best practices. Hammondsport Central School District – Investment Program (Steuben County) The …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-releases-municipal-school-auditsTown of Wawayanda – Financial Operations (2024M-160)
… budget officer. The Supervisor is responsible for ensuring that day-to-day financial activities are … The Town’s 2023 appropriations totaled $5.9 million for all funds and the surplus fund balance at the end of 2023 … adequate oversight. The Board adopted unrealistic budgets. For example, the Board continuously adopted budgets that …
https://www.osc.ny.gov/local-government/audits/town/2025/04/25/town-wawayanda-financial-operations-2024m-160DiNapoli: MTA Capital Funding Gap May Exceed $12 Billion
… but a great deal of work remains and financing these capital investments over the next 20 years will be difficult, … according to a report released today by New York State Comptroller Thomas DiNapoli. “Millions of New Yorkers … the size of the program and by increasing borrowing. At the Governor’s request, the MTA has formed a committee of …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionOpinion 95-12
… chartered savings bank) GENERAL MUNICIPAL LAW, §§10, 11; BANKING LAW, §2: The term "bank" as used in General Municipal … or federally chartered savings banks. The term "national banking association", as used in General Municipal Law, §10, … 10 and 11, is defined to mean a "bank as defined by the banking law or a national banking association located and …
https://www.osc.ny.gov/legal-opinions/opinion-95-12Selected State Agencies’ Roles in Financial Literacy
… in 2018; 41% of New Yorkers did not have a rainy-day fund to cover expenses for 3 months in case of emergency …
https://www.osc.ny.gov/state-agencies/audits/2022/09/14/selected-state-agencies-roles-financial-literacyState Comptroller DiNapoli Releases Municipal Audits
… Law. City of Cortland – Non-Contractual (NC) Employees’ Payroll Benefits (Cortland County) Two OSC audits issued in …
https://www.osc.ny.gov/press/releases/2021/09/state-comptroller-dinapoli-releases-municipal-auditsXVI.3.E The Reporting Entity – XVI. Financial Reporting
… Entity Process and Document Preparation: BACKGROUND New York State is involved in providing a full range of … the use of a conceptual framework to determine New York State's reporting entity. CRITERIA FOR ENTITY … of those public benefit corporations included within the New York State Reporting Entity as of April 1, 2024. Public …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3e-reporting-entityOpinion 91-45
… for repair and improvement of town highways) HIGHWAY LAW, §§140, 284; TOWN LAW, §32(1): The only functions that a highway superintendent … It has been held that the town supervisor may not make any payment for highway repairs and improvements in the absence …
https://www.osc.ny.gov/legal-opinions/opinion-91-45XII.5.E Processing Vouchers Against a Purchase Order – XII. Expenditures
… order authorizes the vendor to provide goods or services at a dollar amount within the Business Unit’s authority as … and safety or the conservation of public resources is at risk. On the voucher, the Business Unit must select the …
https://www.osc.ny.gov/state-agencies/chapter-xii/xii5e-processing-vouchers-against-purchase-order