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Capital Planning and Maintenance
… Airport (Airport); the Port of Ogdensburg (Port); the New York and Ogdensburg Railway; and the Commerce and Heavy … Administration ($27.8 million, or 83 percent); the New York State Department of Transportation ($2.5 million, or …
https://www.osc.ny.gov/state-agencies/audits/2016/04/08/capital-planning-and-maintenanceOpinion 2004-6
… This opinion represents the views of the Office of the State Comptroller at the time it was … in the opinion. HISTORIC PRESERVATION -- Contracts (by village with historical society) PUBLIC CONTRACTS -- … space in a village building (see, e.g., 1991 Opns St Comp No. 91-62, p 165; 1988 Opns St Comp No. 88-1, p1). With …
https://www.osc.ny.gov/legal-opinions/opinion-2004-6DiNapoli: 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 …
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
… The board did not adopt written policies and procedures for cash receipts and disbursements and online banking. In … former bookkeeper were referred to outside law enforcement for review. Brighton Central School District – Procurement … Over an 18-month period, officials missed an opportunity for BOCES to realize additional interest earnings totaling …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-auditsIX.9.C Transfer Procedure – IX. Federal Grants
… the transfer. Project Child Budget Critical ChartFields for the project child budget journal are: Program = 99998 … in SFS. See Chapter XIX, Section 2.C Project Activities for additional information on setting up project activities.) … – Operating Transfer When entering the GL Journal Entry for the operating transfer the required transactional …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9c-transfer-procedureDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… earlier estimates, according to a report released today by State Comptroller Thomas P. DiNapoli. “The latest numbers are … which averaged $4 billion annually from FY 2023 through FY 2025 in the adopted budget in June 2021, were narrowed … Education could total $782 million in FY 2023 and exceed $1.1 billion annually beginning in FY 2025. In addition, …
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
… Climate Action Plan announced in 2019 and his goal for the Fund of net-zero greenhouse gas emissions by 2040. … with the Fund on its journey to Net Zero by 2040. Our history as a provider of ESG index solutions dates back 20 … Russell 1000 TPI Climate Transition Index, we are proud to work with investors to address their climate and …
https://www.osc.ny.gov/press/releases/2021/12/nys-pension-fund-commits-2-billion-climate-transition-indexState Comptroller DiNapoli Releases Municipal & School Audits
… was listed at all. Auditors found no collections were lost, misused or misappropriated, but because complete and … there is an increased risk of city collections being lost, misused or misappropriated. Piseco Common School …
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)
… Development. The objective of our initial audit, issued on May 19, 2022, was to determine what WFD programs and …
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
… on ExxonMobil to agree to their request that the company address how it will be affected by worldwide efforts to adopt the goals of the Paris Agreement to rein in climate change. In recent weeks, similar proposals have won a … to the goals of the Paris Agreement, it has refused to address how the Paris commitment will affect its bottom …
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
… financial and capital plans. Their budgeting practice of consistently appropriating $1.4 million in fund balance … over three fiscal years is, in effect, a reservation of fund balance that is not allowed by statute and a circumvention of the 4% surplus fund statutory limit. As a result, district …
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
… City Transit operates a fleet of 4,428 buses and plans to purchase more than 7,000 new vehicles through 2034 at a cost …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionOpinion 95-12
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … -- Powers and Duties (authority to deposit or invest funds with a State or federally chartered savings bank) …
https://www.osc.ny.gov/legal-opinions/opinion-95-12Selected State Agencies’ Roles in Financial Literacy
… to real-life situations. For example, based on 2018 survey data, the Financial Industry Regulatory Authority … which is responsible for posting the information on its website. The law required all agencies and authorities to … a link to NYSOFA’s website. DOS, OTDA, and SUNY have access to information and data that may help them evaluate …
https://www.osc.ny.gov/state-agencies/audits/2022/09/14/selected-state-agencies-roles-financial-literacyState Comptroller DiNapoli Releases Municipal Audits
… and payment in lieu of taxes (PILOT) information for current and active projects. Town of Berne – Board … or receive adequate monthly reports from the supervisor. For example, the board did not request or receive monthly … disbursed, monthly bank reconciliations or cash balances for each fund. The board also did not ensure bank …
https://www.osc.ny.gov/press/releases/2021/09/state-comptroller-dinapoli-releases-municipal-auditsXVI.3.E The Reporting Entity – XVI. Financial Reporting
… by various State agencies, whose activities are accounted for in numerous funds. Such agencies are logically part of … whose activities and financial transactions are accounted for in separate, independent accounting and reporting systems … to determine New York State's reporting entity. CRITERIA FOR ENTITY DETERMINATION Entity determination is done in …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3e-reporting-entityOpinion 91-45
… (remedies available to town board to enforce agreement for highway repairs and improvements) TOWN BOARD -- Power and … (remedies to enforce agreement with highway superintendent for repair and improvement of town highways) HIGHWAY LAW, … may construct storm sewers, drains and the like for highway drainage purposes (see e.g., 12 Opns St Comp, …
https://www.osc.ny.gov/legal-opinions/opinion-91-45XII.5.E Processing Vouchers Against a Purchase Order – XII. Expenditures
… System (SFS). When a Business Unit receives a paper invoice from a vendor for goods or services provided based on … order to liquidate the funds encumbered. Each electronic invoice submitted by a vendor must reference a purchase order … voucher in the Accounts Payable module from the electronic invoice. When the voucher is processed it will liquidate the …
https://www.osc.ny.gov/state-agencies/chapter-xii/xii5e-processing-vouchers-against-purchase-order