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Cost-Saving Ideas: Legal Requirements

… corporation pursuant to a municipal cooperation agreement. Banking Law Section 107-a requires a bank or trust company to … certain conditions. Additional statutes that relate to banking include: GML Section 5-a authorizes local government … the receipt of check images in lieu of cancelled checks. Banking Law Section 96-d allows a local government, in …

https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirements

NY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule

… and Exchange Commission’s (SEC) adoption of the Climate Change Disclosure Rule: “This is a significant victory for … the real investment risks associated with climate change. “Today’s action by the SEC will greatly improve the … and Exchange Commissions SEC adoption of the Climate Change Disclosure Rule This is a significant victory for …

https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-rule

DiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program

… Common Retirement Fund (Fund) has committed $20 million to the Tribeca Venture Partners Growth Fund to invest in local companies, New York State Comptroller … In-State Private Equity Program (the In-State Program) to $1.6 billion. "We're investing in companies across New …

https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-program

DiNapoli Announces Interim CIO for the New York State Common Retirement Fund

… portfolio of public and private equities, fixed income, real estate and alternative instruments. Find out how your …

https://www.osc.ny.gov/press/releases/2018/07/dinapoli-announces-interim-cio-new-york-state-common-retirement-fund

Opinion 88-76

… 86, expressed the opinion that the municipal treasurer, as custodian of the library fund, is responsible for maintaining … authorize the municipal or school district treasurer, as custodian, to invest library fund moneys in the same manner … since the municipal treasurer holds library fund moneys as custodian for the library and invests such moneys upon …

https://www.osc.ny.gov/legal-opinions/opinion-88-76

DiNapoli Releases Recommendations From Decarbonization Advisory Panel

… change. In the report released today, the panel offered a series of recommendations to further decarbonize the Fund and … setting minimum standards could guide decisions on what securities to sell and help avoid investment managers whose … Reagan to serve as a commissioner on the United States Securities and Exchange Commission and served on numerous …

https://www.osc.ny.gov/press/releases/2019/04/dinapoli-releases-recommendations-decarbonization-advisory-panel

State Comptroller DiNapoli Releases School District Audits

… Central School District – Professional Services (Madison County and Onondaga County) District officials appropriately sought competition …

https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-audits-1

DiNapoli Urges Parents to Open a College Savings Account for Their Children

… plan ahead. It’s never too early to begin saving for your child’s future," DiNapoli said. "I encourage parents and … owners, anyone can open a 529 account on behalf of a child. A Direct Plan account can be opened for as little as … investment options that become more conservative as the child approaches college age. The Direct Plan also offers 13 …

https://www.osc.ny.gov/press/releases/2014/05/dinapoli-urges-parents-open-college-savings-account-their-children

State Comptroller DiNapoli Releases Municipal & School Audits

… were not always accurately recorded and because adequate collection records were not always maintained, auditors could … the correct form of payment (cash or check) listed in the collection records and 26 entries totaling approximately … not have either the correct check number included on the collection records, or no check number was listed at all. …

https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1

State Comptroller DiNapoli Releases Municipal & School Audits

… banking. In 2020, the former bookkeeper received $1,254 in dental and vision insurance through the town and paid $126 of …

https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-audits

Colesville Fire District #1 – Internal Controls Over Financial Operations (2013M-276)

… and separate from the Town of Colesville and is located in Broome County. The Board of Fire Commissioners consists of … financial recording and reporting were followed. In addition, the Treasurer does not reconcile the bank … these claims. However, the Board does not see check images in the subsequent month to verify that prior approved claims …

https://www.osc.ny.gov/local-government/audits/fire-district/2013/12/20/colesville-fire-district-1-internal-controls-over-financial-operations

Town of Leicester – Budgeting and Financial Oversight (2015M-158)

… 24, 2015. Background The Town of Leicester is located in Livingston County and has an approximate population of 2,200. …

https://www.osc.ny.gov/local-government/audits/town/2015/11/13/town-leicester-budgeting-and-financial-oversight-2015m-158

DiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26

… NYSLRS paid out nearly $16.2 billion in benefits. “Despite global tensions and market volatility, our state’s pension … required to review the actuarial assumptions and issue an annual report . The recommendations are reviewed by the independent …

https://www.osc.ny.gov/press/releases/2024/09/dinapoli-nyslrs-announces-employer-contribution-rates-2025-26

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