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Town of Hempstead Local Development Corporation – Fund Balance (2021M-61)
… balance policy that addresses what level of fund balance is needed or how any surplus funds will be used and the timeframe for doing so. The unrestricted fund balance grew to $2.4 … sit idle without a specific purpose to benefit the Town is not in the public’s best interest. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/local-development-corporation/2021/07/02/town-hempstead-local-development-corporation-fund-balanceOverview – XI. Procurement and Contract Management
… Quick Contracting is intended to significantly lessen the … for the Office of the State Comptroller (OSC) to audit and approve competitive procurements, where adequate … services, and that, for the purposes of Quick Contracting, Best Value is defined as an award to the low bidder based …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi6-overviewDelaware-Chenango-Madison-Otsego (DCMO) Board of Cooperative Educational Services – Procurement (2021M-193)
… policy. Key Recommendations Ensure quote documentation is obtained and retained as required. Ensure evaluations of …
https://www.osc.ny.gov/local-government/audits/boces/2022/02/11/delaware-chenango-madison-otsego-dcmo-board-cooperative-educational-servicesFly Creek Fire District – Non-Payroll Disbursements (2022M-115)
… (District) non-payroll disbursements were supported, for proper District purposes, competitively procured and … the District’s non-payroll disbursements were supported, for proper District purposes and audited prior to payment, … could not demonstrate that they sought competition for disbursements totaling $53,425. The Treasurer performed …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/09/23/fly-creek-fire-district-non-payroll-disbursements-2022m-115DiNapoli: Corporate America Must Show Progress on Diversity, Equity & Inclusion
… recruitment, retention, and promotion rates, as well as pay data of employees by gender, race, ethnicity, sexual …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-corporate-america-must-show-progress-diversity-equity-inclusionCost-Saving Ideas: Containing Employee Health Insurance Costs
… the right coverage for your employees. Offer Cash Payment In Lieu of Health Benefits For employees who have coverage … secondary source, offer them the option of a cash payment in lieu of health benefits. This provides a win-win: you save … how many employees would qualify and are interested in the plan. Have your employees weigh the benefits and risks …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-containing-employee-health-insurance-costsNYS Comptroller DiNapoli: ExxonMobil Agrees to Assess Impacts of Climate Change
… than 2 degrees Celsius above pre-industrial levels will affect its business and to assess the financial risks … of how the globally agreed upon 2-degree target will affect its position in the marketplace. Investors have a …
https://www.osc.ny.gov/press/releases/2017/12/nys-comptroller-dinapoli-exxonmobil-agrees-assess-impacts-climate-changeDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… pension fund,”said DiNapoli. “The recent $1.2 billion in commitments to the program will help strengthen the Fund’s … platform. The Fund is one of a few public pension funds in the country to establish an emerging manager program in virtually every major asset class including public equity, …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programNew York State Comptroller DiNapoli & Fire and Police Pension Association of Colorado Announce Appointment as Lead Plaintiffs in Boeing Shareholder Lawsuit
… announced that they have been appointed co-lead plaintiffs in a derivative lawsuit filed against current and former … Boeing’s lauded safety-engineering corporate culture in favor of what became a financial-engineering corporate … to the extent it was no longer even a topic of discussion in board meetings, despite numerous safety-related red flags. …
https://www.osc.ny.gov/press/releases/2020/08/new-york-state-comptroller-dinapoli-fire-and-police-pension-association-colorado-announce-appointmentNYS Comptroller DiNapoli Seeks Answers From Companies on Sexual Harassment and Racial Discrimination
… harassment or racial discrimination controversies and we are seeking a full accounting of what they are doing to stop these abhorrent behaviors and what it’s … acquisition. It remains imperative that workers’ concerns are addressed, and executives are held accountable for any …
https://www.osc.ny.gov/press/releases/2022/02/nys-comptroller-dinapoli-seeks-answers-companies-sexual-harassment-and-racial-discriminationNYS Comptroller DiNapoli and the Fire and Police Pension Association of Colorado Statements on Proposed Settlement of Boeing Lawsuit
… an ombudsman program that will provide a channel for Boeing employees to raise work-related concerns, and … the directors’ insurers. If approved, the settlement will be the largest monetary recovery in a suit filed in the … of its aircraft and to hold the directors accountable for their failure to uphold their fiduciary duties. We are …
https://www.osc.ny.gov/press/releases/2021/11/nys-comptroller-dinapoli-and-fire-and-police-pension-association-colorado-statements-proposedDiNapoli: State Pension Fund Calls on Companies to Address Climate Risk, Transition to Cleaner Operations
… to the Paris Agreement present enormous opportunities for smart, sustainable investments. My thanks to these companies for recognizing their role in building a lower-carbon economy … its clients. In addition to agreeing to increased targets for renewable energy use, emission reductions and energy …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-state-pension-fund-calls-companies-address-climate-risk-transition-cleaner-operationsComptroller DiNapoli Announces $50 Million Toward Small Business Relief, Job Retention
… to help more than 1,000 qualifying New York businesses in all 62 counties retain jobs and expand. The Fund’s … Retirement Fund is the third largest public pension fund in the United States. The Fund holds and invests the assets … ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends March 31. … …
https://www.osc.ny.gov/press/releases/2020/04/comptroller-dinapoli-announces-50-million-toward-small-business-relief-job-retentionDecarbonization Advisory Panel Report - April 2019
A report on how the Fund can best mitigate investment risks stemming from climate change and maximize opportunities from the new, low-carbon economy.
https://www.osc.ny.gov/files/reports/special-topics/pdf/decarbonization-advisory-panel-2019.pdfDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… sought to establish our state’s pension fund as a leader in transparency, ethics and effectiveness. It’s gratifying to … as the Fund’s trustee: “The Comptroller consistently acts in the sole interest of the members and beneficiaries of the … outsourced investment management and support functions. In addition, independent compensation benchmarking indicates …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDiNapoli Finds Subway Wait Times Got Worse from 2013 to 2014
… (Transit) published "wait assessment" shows a decline in performance. Wait assessment measures the train's ability … sets targets for the number of minutes between trains in an effort to provide evenly spaced service. Transit also … together — which it calls the wait assessment. The goal in 2013 was to have 79.4 percent of all trains meet their …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-finds-subway-wait-times-got-worse-2013-2014DiNapoli Reaffirms Commitment to DEI Initiatives
… New York State Comptroller Thomas P. DiNapoli, trustee of the … Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-reaffirms-commitment-dei-initiativesXI.18.D Sales and Compensating Use Tax Documentation – XI. Procurement and Contract Management
… State of tangible personal property or taxable services in excess of $300,000 during the immediately preceding four … sales tax quarters. The contractor must also certify in writing to the procuring agency that the requisite … The certification to the procuring agency must be included in the procurement record. The law provides that before a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi18d-sales-and-compensating-use-tax-documentationScience Academies of New York Charter Schools – Purchase versus Lease of Buildings (2017M-279)
… deciding whether to lease or purchase school buildings for the period July 1, 2014 through July 31, 2017. Background … and the Town of Frankfort in Herkimer County. SANY, which is governed by a seven-member Board, has approximately 1,600 students. Budgeted appropriations for the 2017-18 fiscal year total approximately $21.6 …
https://www.osc.ny.gov/local-government/audits/charter-school/2018/03/30/science-academies-new-york-charter-schools-purchase-versus-lease-buildingsAccounts Payable Advisory No. 47
… regardless of whether the agency intends to pay the vendor with a check, electronic payment (ACH) or with the PCard. It is a best practice for agencies to use POs …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/47-purchase-orders-and-procurement-card-use