New York State Comptroller

Powers and duties

The state comptroller is in effect New York's chief fiscal officer. Article V, Section 1, of the New York Constitution requires the state comptroller "to audit all vouchers before payment and all official accounts", "to audit the accrual and collection of all revenues and receipts", and "to prescribe such methods of accounting as are necessary for the performance of the foregoing duties". Furthermore, the State Constitution vests the safekeeping and protection of all state funds in the state comptroller, stating: "[t]he payment of any money of the state, or of any money under its control, or the refund of any money paid to the state, except upon audit by the comptroller, shall be void..." In accordance with this constitutional framework, the state comptroller has broad superintending authority unlike any other state auditor or treasurer in the nation to ensure that state agencies and local governments alike use taxpayer money effectively and efficiently to promote the common good. For example, the state comptroller:

1. Serves as sole trustee of the $267.36 billion New York State Common Retirement Fund (assets under management as of close of the 2024 fiscal year), making the State Comptroller and his or her Department of Audit and Control one of the largest institutional investors in the world;
2. Administers a statewide pension plan for public employees known as the New York State and Local Retirement System (NYSLRS). With over one million members, retirees and beneficiaries and more than 3,000 employers, NYSLRS is the largest such public pension system in the United States;
3. Prescribes and maintains the statewide accounting system and administers approximately $16.7 billion in payroll to state employees.
4. Issues reports disclosing the condition of state finances, including New York's annual comprehensive financial report;
5. Manages and issues the state debt;
6. Reviews state contracts for compliance with legal requirements and audits payments made by state agencies to vendors for goods or services procured;
7. Conducts financial, compliance, and performance audits of local governments, state agencies, and public benefit corporations;
8. Oversees the fiscal affairs of local governments, including New York City, and prescribes uniform systems of accounts, budgets, and financial reports therefor;
9. Investigates waste, fraud, and abuse of public resources;
10. Stewards the Justice Court Fund and the Oil Spill Fund;
11. Functions as custodian of more than $17 billion in unclaimed property, restoring lost accounts to their rightful owners; and
12. Supports local governments and state agencies with training seminars and technical assistance to improve their operations.

History

In 1776, the New York Provincial Congress appointed an auditor-general to settle the public accounts. After his resignation, the Council of Appointment appointed an auditor to succeed. In 1797, the office of the state comptroller was created by the State Legislature to succeed the state auditor. The comptroller was appointed by the Council of Appointment to a one-year term, and could be re-appointed without term limit. In 1800, the Legislature reduced the salary of the comptroller from $3,000 to $2,500, and Samuel Jones declined to be re-appointed.

Under the Constitution of 1821, the comptroller was elected by joint ballot of the New York State Legislature to a three-year term. Under the Constitution of 1846, the office became elective by general election, and the comptroller was elected with the other state cabinet officers in odd years to a two-year term, serving in the second year of the governor in office and the first year of the succeeding governor. The comptroller was elected in 1895 to a three-year term, and subsequently the state officers were elected in even years and served a two-year term concurrently with the governor. In 1926, the responsibilities of the New York State Treasurer were transferred to the comptroller as the head of the Department of Audit and Control. Since 1938, the comptroller has been elected to a four-year term, like the governor.

New York state comptrollers

References

References

1. [https://www.budget.ny.gov/pubs/archive/fy21/exec/agencies/appropdata/AuditandControlDepartmentof.html Division of the Budget Agency Appropriations]
2. [[Executive Law]] § 40. "There shall continue to be in the state government a department of audit and control. [...] The head of the department of audit and control shall be the comptroller. [...]"
3. "Article V, Section 1, New York Constitution". New York Senate.
4. "2024 Annual Comprehensive Financial Report for the New York State and Local Retirement System for the Fiscal Year ended March 31, 2024". Office of the New York State Comptroller.
5. "About the Comptroller's Office". Office of the New York State Comptroller.
6. (22 December 2006). "Hevesi Resigns, Pleading Guilty to Fraud Count".