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105-467: The Office of Comptroller of New York City , a position established in 1801, is the chief financial officer and chief auditor of the city agencies and their performance and spending. The comptroller also reviews all city contracts, handles the settlement of litigation claims (amounting to $ 975 million in 2019), issues municipal bonds , and manages the city's very large pension funds ($ 240 billion in assets under management as of 2020). The comptroller

210-403: A big-picture thinker, rather than detail-oriented, outspoken rather than reserved, prefer to delegate rather than be hands-on, emphasize what gets done rather than how things are done, and make collaborative rather than unilateral decisions. The CFO must serve as the financial authority in the organization, ensuring the integrity of fiscal data and modeling transparency and accountability. The CFO

315-431: A chair. County, town, city, and ward committees generally are composed of individuals elected at the local level. State and local committees often coordinate campaign activities within their jurisdiction, oversee local conventions, and in some cases primaries or caucuses, and may have a role in nominating candidates for elected office under state law. Rarely do they have much direct funding, but in 2005 DNC Chairman Dean began

420-547: A key part of the bipartisan conservative coalition in an alliance with most of the Midwestern Republicans. The economically activist philosophy of Franklin D. Roosevelt, which has strongly influenced American liberalism , shaped much of the party's economic agenda after 1932. From the 1930s to the mid-1960s, the liberal New Deal coalition usually controlled the presidency while the conservative coalition usually controlled Congress. Issues facing parties and

525-649: A new Democratic Party on a national basis. In the 1830s, the Whig Party coalesced into the main rival to the Democrats. Before 1860, the Democratic Party supported expansive presidential power , the interests of slave states , agrarianism , and expansionism , while opposing a national bank and high tariffs . The Democratic-Republican Party split over the choice of a successor to President James Monroe . The faction that supported many of

630-411: A popular Democratic song. The emotionally similar song " Beautiful Day " by the band U2 has also become a favorite theme song for Democratic candidates. John Kerry used the song during his 2004 presidential campaign and several Democratic congressional candidates used it as a celebratory tune in 2006. As a traditional anthem for its presidential nominating convention, Aaron Copland 's " Fanfare for

735-623: A program (called the "50 State Strategy") of using DNC national funds to assist all state parties and pay for full-time professional staffers. In addition, state-level party committees operate in the territories of American Samoa , Guam , and Virgin Islands , the commonwealths of Northern Mariana Islands and Puerto Rico , and the District of Columbia , with all but Puerto Rico being active in nominating candidates for both presidential and territorial contests, while Puerto Rico's Democratic Party

840-461: A synthesis of neoliberal economic policies with cultural liberalism , with the voter base after Reagan having shifted considerably to the right . In an effort to appeal both to liberals and to fiscal conservatives, Democrats began to advocate for a balanced budget and market economy tempered by government intervention ( mixed economy ), along with a continued emphasis on social justice and affirmative action . The economic policy adopted by

945-676: A tie vote by the New York City Common Council Committee on whether to pass an ordinance for the appointment of a comptroller with a salary of $ 1,500 ($ 32,000 in current dollar terms), the ordinance was adopted by the Recorder , John B Prevost, Esquire, casting a vote in favor. Thirty years later, the Comptroller became head of the Department of Finance . In 1884 the office became elective, and in 1938

1050-560: A vigorous campaign attacking Eastern moneyed interests, but he lost to Republican William McKinley . The Democrats took control of the House in 1910, and Woodrow Wilson won election as president in 1912 (when the Republicans split) and 1916. Wilson effectively led Congress to put to rest the issues of tariffs, money, and antitrust, which had dominated politics for 40 years, with new progressive laws. He failed to secure Senate passage of

1155-491: A younger generation of leaders, who like Hart had been inspired by the pragmatic idealism of John F. Kennedy. Arkansas governor Bill Clinton was one such figure, who was elected president in 1992 as the Democratic nominee. The Democratic Leadership Council was a campaign organization connected to Clinton that advocated a realignment and triangulation under the re-branded " New Democrat " label. The party adopted

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1260-548: Is an organization supporting the candidacies of Democratic gubernatorial nominees and incumbents. Likewise, the mayors of the largest cities and urban centers convene as the National Conference of Democratic Mayors . The DNC sponsors the College Democrats of America (CDA), a student-outreach organization with the goal of training and engaging a new generation of Democratic activists. Democrats Abroad

1365-533: Is as much a part of governance and oversight as the Chief Executive Officer (CEO), playing a fundamental role in the development and critique of strategic choices. The CFO is now expected to be a key player in stockholder education and communication and is clearly seen as a leader and team builder who sets the financial agenda for the organization, supports the CEO directly and provides timely advice to

1470-658: Is chaired by Representative Suzan DelBene of Washington . Similarly, the Democratic Senatorial Campaign Committee (DSCC), chaired by Senator Gary Peters of Michigan, raises funds for Senate races. The Democratic Legislative Campaign Committee (DLCC), chaired by Majority Leader of the New York State Senate Andrea Stewart-Cousins , is a smaller organization that focuses on state legislative races. The Democratic Governors Association (DGA)

1575-506: Is contrary to common practice outside of the United States where blue is the traditional color of the right and red the color of the left. Jefferson-Jackson Day is the annual fundraising event (dinner) held by Democratic Party organizations across the United States. It is named after Presidents Thomas Jefferson and Andrew Jackson , whom the party regards as its distinguished early leaders. The song " Happy Days Are Here Again "

1680-400: Is elected citywide to a four-year term, and can hold office for two consecutive terms. As of 2021, the comptroller had a staff of 800 people, and a budget of over $ 100 million. If vacancies were to occur simultaneously in the offices of Mayor of New York City and New York City Public Advocate , the comptroller would become acting mayor. The current comptroller is Democrat Brad Lander . He

1785-617: Is organized only to nominate presidential candidates. The Democrats Abroad committee is organized by American voters who reside outside of U.S. territory to nominate presidential candidates. All such party committees are accorded recognition as state parties and are allowed to elect both members to the National Committee as well as delegates to the National Convention. The Democratic Congressional Campaign Committee (DCCC) assists party candidates in House races and

1890-590: Is specifically charged with overseeing financial management matters, establishing financial management policies and requirements, and monitoring the establishment and operation of federal financial management systems. OFFM is led by a controller . The CFO Act also established the CFO Council, chair by the OMB Deputy Director for Management and including the CFOs and Deputy CFOs of 23 federal agencies,

1995-729: Is specified given that responsibilities extend to tax and financial reporting . Similarly, financial managers are often qualified accountants . In large companies, CFOs and FDs may hold additional postgraduate qualifications, such as a Master of Business Administration , or Master of Science in Finance ; the Chartered Financial Analyst is also common. These complement the accounting perspective with more general strategic , leadership and financial market considerations, and give exposure to broader financial and operational issues. The federal government of

2100-462: Is the largest party in the U.S. and the fourth largest in the world . Including the incumbent Biden, 16 Democrats have served as president of the United States. The Democratic-Republican Party splintered in 1824 into the short-lived National Republican Party and the Jacksonian movement which in 1828 became the Democratic Party. Under the Jacksonian era, the term "The Democracy" was in use by

2205-488: Is the organization for Americans living outside the United States. They work to advance the party's goals and encourage Americans living abroad to support the Democrats. The Young Democrats of America (YDA) and the High School Democrats of America (HSDA) are young adult and youth-led organizations respectively that attempt to draw in and mobilize young people for Democratic candidates but operates outside of

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2310-522: Is the unofficial song of the Democratic Party. It was used prominently when Franklin D. Roosevelt was nominated for president at the 1932 Democratic National Convention and remains a sentimental favorite for Democrats. For example, Paul Shaffer played the theme on the Late Show with David Letterman after the Democrats won Congress in 2006. " Don't Stop " by Fleetwood Mac was adopted by Bill Clinton 's presidential campaign in 1992 and has endured as

2415-428: Is well underway, is best-evidenced by the "CEO-in-Waiting" status that many CFOs now hold. Additionally, many CFOs have made the realization that an operating environment that values cash, profit margins, and risk mitigation is one that plays to the primary skills and capabilities of a procurement organization; CFO's have been encouraged to appoint a chief procurement officer (CPO) where this post does not exist, ensure

2520-435: The 1984 and 1988 presidential elections , respectively. Many Democrats attached their hopes to the future star of Gary Hart , who had challenged Mondale in the 1984 primaries running on a theme of "New Ideas"; and in the subsequent 1988 primaries became the de facto front-runner and virtual "shoo-in" for the Democratic presidential nomination before a sex scandal ended his campaign. The party nevertheless began to seek out

2625-544: The 2020 presidential election . He began his term with extremely narrow Democratic majorities in the U.S. House and Senate. During the Biden presidency, the party has been characterized as adopting an increasingly progressive economic agenda . In 2022, Biden appointed Ketanji Brown Jackson , the first Black woman on the Supreme Court . However, she was replacing liberal justice Stephen Breyer , so she did not alter

2730-644: The Democratic National Convention . The national convention is subject to the charter of the party and the ultimate authority within the Democratic Party when it is in session, with the DNC running the party's organization at other times. Since 2021, the DNC has been chaired by Jaime Harrison . Each state also has a state committee, made up of elected committee members as well as ex officio committee members (usually elected officials and representatives of major constituencies), which in turn elects

2835-655: The Democratic-Republican Party , founded by Thomas Jefferson , James Madison and other influential opponents of the conservative Federalists in 1792. That party died out before the modern Democratic Party was organized; the Jeffersonian party also inspired the Whigs and modern Republicans. Historians argue that the modern Democratic Party was first organized in the late 1820s with the election of war hero Andrew Jackson of Tennessee, making it

2940-600: The Free Soil Party to oppose the spread of slavery, running as its candidate in the 1848 presidential election , before returning to the Democratic Party and staying loyal to the Union. The Democrats split over slavery, with Northern and Southern tickets in the election of 1860 , in which the Republican Party gained ascendancy. The radical pro-slavery Fire-Eaters led walkouts at the two conventions when

3045-561: The New Deal . New Deal liberalism meant the regulation of business (especially finance and banking) and the promotion of labor unions as well as federal spending to aid the unemployed, help distressed farmers and undertake large-scale public works projects. It marked the start of the American welfare state. The opponents, who stressed opposition to unions, support for business and low taxes, started calling themselves "conservatives". Until

3150-830: The Versailles Treaty (ending the war with Germany and joining the League of Nations). The weakened party was deeply divided by issues such as the KKK and prohibition in the 1920s. However, it did organize new ethnic voters in Northern cities. After World War I ended and continuing through the Great Depression , the Democratic and Republican Parties both largely believed in American exceptionalism over European monarchies and state socialism that existed elsewhere in

3255-655: The Vietnam War in the 1960s was another divisive issue that further fractured the fault lines of the Democrats' coalition. After the Gulf of Tonkin Resolution in 1964, President Johnson committed a large contingency of combat troops to Vietnam, but the escalation failed to drive the Viet Cong from South Vietnam, resulting in an increasing quagmire , which by 1968 had become the subject of widespread anti-war protests in

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3360-455: The chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Some CFOs have the title CFOO for chief financial and operating officer . In the majority of countries, finance directors ( FD ) typically report into

3465-618: The election of 1864 , which featured Andrew Johnson on the Union ticket to attract fellow Democrats. Johnson replaced Lincoln in 1865, but he stayed independent of both parties. The Democrats benefited from white Southerners' resentment of Reconstruction after the war and consequent hostility to the Republican Party. After Redeemers ended Reconstruction in the 1870s and following the often extremely violent disenfranchisement of African Americans led by such white supremacist Democratic politicians as Benjamin Tillman of South Carolina in

3570-489: The gold standard ; opposed bimetallism ; and crusaded against corruption, high taxes and tariffs. Cleveland was elected to non-consecutive presidential terms in 1884 and 1892 . Agrarian Democrats demanding free silver , drawing on Populist ideas, overthrew the Bourbon Democrats in 1896 and nominated William Jennings Bryan for the presidency (a nomination repeated by Democrats in 1900 and 1908). Bryan waged

3675-602: The popular vote , but after a controversial election dispute over a Florida recount settled by the U.S. Supreme Court (which ruled 5–4 in favor of Bush ), he lost the 2000 election to Republican opponent George W. Bush in the Electoral College . In the wake of the 2001 terrorist attacks on the World Trade Center and the Pentagon as well as the growing concern over global warming , some of

3780-480: The unmarried . On social issues, it advocates for abortion rights , voting rights , LGBT rights , action on climate change , and the legalization of marijuana . On economic issues, the party favors healthcare reform , universal child care , paid sick leave and supporting unions . In foreign policy, the party supports liberal internationalism as well as tough stances against China and Russia . Democratic Party officials often trace its origins to

3885-464: The 1880s and 1890s, the South, voting Democratic, became known as the " Solid South ". Although Republicans won all but two presidential elections, the Democrats remained competitive. The party was dominated by pro-business Bourbon Democrats led by Samuel J. Tilden and Grover Cleveland , who represented mercantile, banking, and railroad interests; opposed imperialism and overseas expansion; fought for

3990-520: The 1950s, a minority in the party's Southern wing joined with conservative Republicans to slow and stop progressive domestic reforms. Following the Great Society era of progressive legislation under Lyndon B. Johnson , who was often able to overcome the conservative coalition in the 1960s, the core bases of the parties shifted, with the Southern states becoming more reliably Republican and

4095-570: The 1980s, the Democratic Party was a coalition of two parties divided by the Mason–Dixon line: liberal Democrats in the North and culturally conservative voters in the South, who though benefitting from many of the New Deal public works projects, opposed increasing civil rights initiatives advocated by northeastern liberals. The polarization grew stronger after Roosevelt died. Southern Democrats formed

4200-525: The Act, the CFO, regardless of their status as a Key Management Personnel (KMP), is required to sign the financial statements as they are responsible for overseeing the financial operations of the entire company. Their responsibilities include financial planning and monitoring cash flow. In some companies, the CFO and Finance Director positions may be held by the same individual interchangeably. As an internal member of

4305-485: The CFO, and FD is the level before reaching CFO. The chief financial officer was traditionally viewed as a financial gatekeeper. Over time, the position has become one of an advisor and strategic partner to the CEO. In a 2016 report released by McKinsey & Company , 88 percent of 164 CFOs surveyed reported that CEOs expect them to be more active participants in shaping the strategy of their organizations. Half of them also indicated that CEOs counted on them to challenge

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4410-638: The Common Man " is traditionally performed at the beginning of the Democratic National Convention. The Democratic National Committee (DNC) is responsible for promoting Democratic campaign activities. While the DNC is responsible for overseeing the process of writing the Democratic Platform, the DNC is more focused on campaign and organizational strategy than public policy . In presidential elections, it supervises

4515-833: The Constitution. The party opposed a national bank and Great Britain . After the War of 1812 , the Federalists virtually disappeared and the only national political party left was the Democratic-Republicans, which was prone to splinter along regional lines. The era of one-party rule in the United States, known as the Era of Good Feelings , lasted from 1816 until 1828, when Andrew Jackson became president. Jackson and Martin Van Buren worked with allies in each state to form

4620-644: The Democratic Party that opposed them persisted in the South until the 1960s. On foreign policy, both parties have changed positions several times. The Democratic Party evolved from the Jeffersonian Republican or Democratic-Republican Party organized by Jefferson and Madison in opposition to the Federalist Party. The Democratic-Republican Party favored republicanism ; a weak federal government ; states' rights ; agrarian interests (especially Southern planters); and strict adherence to

4725-407: The Democratic Party while red has become the identifying color for the Republican Party. That night, for the first time all major broadcast television networks used the same color scheme for the electoral map: blue states for Al Gore (Democratic nominee) and red states for George W. Bush (Republican nominee). Since then, the color blue has been widely used by the media to represent the party. This

4830-407: The Democratic Party, including the former Clinton administration , has been referred to as " Third Way ". The Democrats lost control of Congress in the 1994 elections to the Republicans, however, in 1996 Clinton was re-elected, becoming the first Democratic president since Franklin D. Roosevelt to win a second full term. Clinton's vice president Al Gore ran to succeed him as president, and won

4935-553: The Democrats but had the effect of alienating Southern whites who would eventually gravitate toward the Republican Party, particularly after the election of Ronald Reagan to the presidency in 1980. Many conservative Southern Democrats defected to the Republican Party , beginning with the passage of the Civil Rights Act of 1964 and the general leftward shift of the party. The United States' involvement in

5040-502: The Democrats led to a Republican victory and Abraham Lincoln was elected the 16th president of the United States. As the American Civil War broke out, Northern Democrats were divided into War Democrats and Peace Democrats . The Confederate States of America deliberately avoided organized political parties. Most War Democrats rallied to Republican President Abraham Lincoln and the Republicans' National Union Party in

5145-544: The Key Managerial Personnel (KMP). The Act does not impose any specific regulations regarding the compensation of a Chief Financial Officer (CFO), unless they serve on the Board of Directors or hold additional managerial responsibilities alongside their role as CFO. Additionally, the Act does not outline any specific qualifications required for the appointment of a CFO. However, according to Section 134(1) of

5250-548: The Northeastern states becoming more reliably Democratic. The party's labor union element has become smaller since the 1970s, and as the American electorate shifted in a more conservative direction following the presidency of Ronald Reagan , the election of Bill Clinton marked a move for the party toward the Third Way , moving the party's economic stance towards market-based economic policy. Barack Obama oversaw

5355-657: The OFFM controller, and the Fiscal Assistant Secretary, the head of the Office of Fiscal Service of the Department of the Treasury . Its mandate is to work collaboratively to improve financial management in the U.S. government and "advise and coordinate the activities of the agencies of its members" in the areas of financial management and accountability. OMB Circular A-123 (issued 21 December 2004) defines

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5460-580: The Obama presidency, the party moved forward reforms including an economic stimulus package, the Dodd–Frank financial reform act, and the Affordable Care Act . In the 2010 midterm elections , the Democratic Party lost control of the House as well as its majorities in several state legislatures and governorships. In the 2012 elections , President Obama was re-elected, but the party remained in

5565-575: The Republican eagle. The rooster was also adopted as an official symbol of the national Democratic Party. In 1904, the Alabama Democratic Party chose, as the logo to put on its ballots, a rooster with the motto "White supremacy – For the right." The words "White supremacy" were replaced with "Democrats" in 1966. In 1996, the Alabama Democratic Party dropped the rooster, citing racist and white supremacist connotations linked with

5670-424: The U.S. House and expanded its majority in the U.S. Senate, along with several gains at the state level. In July 2024, after a series of age and health concerns , Biden became the first incumbent president since Lyndon B. Johnson in 1968 to withdraw from running for reelection, the first since the 19th century to withdraw after serving only one term, and the only one to ever withdraw after already winning

5775-402: The United States has incorporated more elements of business-sector practices in its management approaches, including the use of the CFO position alongside, for example, an increased use of the chief information officer post, within public agencies. The Chief Financial Officers Act , enacted in 1990, created a chief financial officer in each of 23 federal agencies. This was intended to improve

5880-500: The United States after World War II included the Cold War and the civil rights movement . Republicans attracted conservatives and, after the 1960s, white Southerners from the Democratic coalition with their use of the Southern strategy and resistance to New Deal and Great Society liberalism. Until the 1950s, African Americans had traditionally supported the Republican Party because of its anti-slavery civil rights policies. Following

5985-559: The United States and elsewhere. With increasing casualties and nightly news reports bringing home troubling images from Vietnam, the costly military engagement became increasingly unpopular, alienating many of the kinds of young voters that the Democrats had attracted in the early 1960s. The protests that year along with assassinations of Martin Luther King Jr. and Democratic presidential candidate Senator Robert F. Kennedy (younger brother of John F. Kennedy) climaxed in turbulence at

6090-532: The White House in 1912 and 1916 . Since Franklin D. Roosevelt was elected president in 1932, the Democratic Party has promoted a liberal platform that includes support for Social Security and unemployment insurance . The New Deal attracted strong support for the party from recent European immigrants but diminished the party's pro-business wing. From late in Roosevelt's administration through

6195-437: The board of directors." The uneven pace of recovery worldwide has made it more challenging for many companies. CFOs play a more critical role in shaping their company's strategies today, especially in light of the highly uncertain macroeconomic environments, where managing financial volatilities is a centerpiece for many companies' strategies, based on a survey held by Clariden Global. CFOs are increasingly being relied upon as

6300-557: The campaign, Kennedy attracted a new generation of younger voters. In his agenda dubbed the New Frontier , Kennedy introduced a host of social programs and public works projects, along with enhanced support of the space program , proposing a crewed spacecraft trip to the moon by the end of the decade. He pushed for civil rights initiatives and proposed the Civil Rights Act of 1964 , but with his assassination in November 1963, he

6405-409: The central government as the enemy of individual liberty. The 1824 "corrupt bargain" had strengthened their suspicion of Washington politics. ... Jacksonians feared the concentration of economic and political power. They believed that government intervention in the economy benefited special-interest groups and created corporate monopolies that favored the rich. They sought to restore the independence of

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6510-528: The citywide vote on November 3. The Republican nominee, Joseph Mendola, won 19%; the Conservative nominee, Stuart Avrick, 2%; and others 2%. Manhattan Borough President Scott Stringer won the September 10, 2013, Democratic primary with 52% of the vote, defeating former New York State Governor Eliot Spitzer , who had been forced to resign as governor over various scandals and who received 48% of

6615-437: The company's strategy. The 1990s saw the rise of the strategic CFO, and many companies have created a chief strategy officer (CSO) position. CFOs have become more focused on financial reporting, although 52% still spend much of their time in traditional accounting tasks such as transaction reporting. The rise of digital technologies and focus on data analytics to support decision-making places more pressure on CFOs to meet

6720-413: The comptroller became head of a separate, independent department of the city's government . No Republican has been elected comptroller since 1938. The comptroller served on the eight-member New York City Board of Estimate , created in 1873, until the board was held unconstitutional in a unanimous decision by the US Supreme Court in 1989 in Board of Estimate of City of New York v. Morris . The board

6825-432: The confusion of the Democrats that year, and won the 1968 election to become the 37th president. He won re-election in a landslide in 1972 against Democratic nominee George McGovern , who like Robert F. Kennedy, reached out to the younger anti-war and counterculture voters, but unlike Kennedy, was not able to appeal to the party's more traditional white working-class constituencies. During Nixon's second term, his presidency

6930-430: The court's 6–3 split between conservatives (the majority) and liberals. After Dobbs v. Jackson (decided June 24, 2022), which led to abortion bans in much of the country , the Democratic Party rallied behind abortion rights . In the 2022 midterm elections , Democrats dramatically outperformed historical trends and a widely anticipated red wave did not materialize. The party only narrowly lost its majority in

7035-518: The delegates would not adopt a resolution supporting the extension of slavery into territories even if the voters of those territories did not want it. These Southern Democrats nominated the pro-slavery incumbent vice president, John C. Breckinridge of Kentucky, for president and General Joseph Lane , of Oregon, for vice president. The Northern Democrats nominated Senator Stephen A. Douglas of Illinois for president and former Georgia Governor Herschel V. Johnson for vice president. This fracturing of

7140-615: The expectations of their C-Suite colleagues. Many organizations have created a finance function based on four pillars: the accounting organization as a shared service; an FP&A organization responsible for driving financial planning processes as well as increased insight into financial and non financial KPIs to boost business performance; a finance business partnering organization based on leadership of divisions, regions and performance improvement; and expertise centers specializing in Tax, Treasury, Internal Audit, Investor Relations, etc. According to one source, "The CFO of tomorrow should be

7245-512: The federal government began preparing consolidated financial statements, the Government Accountability Office (GAO) reported that "major impediments continue to prevent [GAO] from rendering an opinion." In December 2006, the GAO announced that for the 10th consecutive year, the GAO was prevented from expressing an opinion on the consolidated financial statements of the government due to a number of material weaknesses related to financial systems, fundamental recordkeeping, and financial reporting. At

7350-401: The fourth-largest public pension plan in the US. The comptroller's regulations are compiled in Title 44 of the New York City Rules . If vacancies should simultaneously occur in the offices of Mayor of New York City and New York City Public Advocate (formerly president of the city council or board of aldermen), the comptroller would become acting mayor. The comptroller serves as a check on

7455-432: The government's financial management and develop standards of financial performance and disclosure. The Office of Management and Budget (OMB) holds primary responsibility for financial management standardization and improvement. Within OMB, the Deputy Director for Management, a position established by the CFO Act, is the chief official responsible for financial management. The Office of Federal Financial Management (OFFM)

7560-456: The hotly-contested Democratic National Convention that summer in Chicago (which amongst the ensuing turmoil inside and outside of the convention hall nominated Vice President Hubert Humphrey ) in a series of events that proved to mark a significant turning point in the decline of the Democratic Party's broad coalition. Republican presidential nominee Richard Nixon was able to capitalize on

7665-508: The image persisted and evolved. Its most lasting impression came from the cartoons of Thomas Nast from 1870 in Harper's Weekly . Cartoonists followed Nast and used the donkey to represent the Democrats and the elephant to represent the Republicans. In the early 20th century, the traditional symbol of the Democratic Party in Indiana, Kentucky, Oklahoma and Ohio was the rooster, as opposed to

7770-489: The individual—the artisan and the ordinary farmer—by ending federal support of banks and corporations and restricting the use of paper currency, which they distrusted. Their definition of the proper role of government tended to be negative, and Jackson's political power was largely expressed in negative acts. He exercised the veto more than all previous presidents combined. ... Nor did Jackson share reformers' humanitarian concerns. He had no sympathy for American Indians, initiating

7875-556: The leadership of Nancy Pelosi . Democrats were extremely critical of President Trump, particularly his policies on immigration, healthcare, and abortion, as well as his response to the COVID-19 pandemic . In December 2019, Democrats in the House of Representatives impeached Trump , although he was acquitted in the Republican-controlled Senate. In November 2020, Democrat Joe Biden defeated Trump to win

7980-542: The management responsibilities for internal financial controls in federal agencies and addressed to all federal CFOs, CIOs and Program Managers. The circular is a re-examination of the existing internal control requirements for federal agencies and was initiated in light of the new internal control requirements for publicly traded companies contained in the Sarbanes–Oxley Act of 2002. While significant progress in improving federal financial management has been made since

8085-562: The mayor, and is arguably the second most important elected official in New York City after the mayor. In order to carry out the myriad duties and functions assigned to the office by law, the comptroller employs a staff of 800 people and maintains an operating budget of over $ 100 million. The office was created as an appointive office in 1801 by the New York City Common Council . On September 6, 1802, after

8190-483: The minority in the House of Representatives and lost control of the Senate in the 2014 midterm elections . After the 2016 election of Donald Trump , who lost the popular vote to Democratic nominee Hillary Clinton , the Democratic Party transitioned into the role of an opposition party and held neither the presidency nor Congress for two years. However, the party won back the House in the 2018 midterm elections under

8295-507: The nation's first well-organized national party ... and tight party organization became the hallmark of nineteenth-century American politics. Behind the platforms issued by state and national parties stood a widely shared political outlook that characterized the Democrats: The Democrats represented a wide range of views but shared a fundamental commitment to the Jeffersonian concept of an agrarian society. They viewed

8400-413: The old Jeffersonian principles , led by Andrew Jackson and Martin Van Buren , became the modern Democratic Party. Historian Mary Beth Norton explains the transformation in 1828: Jacksonians believed the people's will had finally prevailed. Through a lavishly financed coalition of state parties, political leaders, and newspaper editors, a popular movement had elected the president. The Democrats became

8505-475: The organization, the CFO is accountable for presenting accurate and fair financial statements, which are subsequently audited by the company's statutory auditors. Democratic Party (United States) The Democratic Party is one of the two major contemporary political parties in the United States . Since the late 1850s, its main political rival has been the Republican Party ; the two parties have since dominated American politics. The Democratic Party

8610-522: The owners of business information, reporting and financial data within organizations and assisting in decision support operations to enable the company to operate more effectively and efficiently. The duties of a modern CFO now straddle the traditional areas of financial stewardship and the more progressive areas of strategic and business leadership with direct responsibility and oversight of operations (which often includes procurement ) expanding exponentially. This significant role-based transformation, which

8715-412: The party's key issues in the early 21st century have included combating terrorism while preserving human rights, expanding access to health care, labor rights , and environmental protection. Democrats regained majority control of both the House and the Senate in the 2006 elections . Barack Obama won the Democratic Party's nomination and was elected as the first African American president in 2008. Under

8820-414: The party's passage of the Affordable Care Act in 2010. During his and Joe Biden 's presidency, the party has adopted an increasingly progressive economic agenda and more left-wing views on cultural and social issues . In the 21st century, the party is strongest among urban voters , union workers , college graduates , women , African Americans , American Jews , LGBT+ people , and

8925-469: The party, but inflation and the Iran Hostage Crisis of 1979–1980 took their toll, resulting in a landslide victory for Republican presidential nominee Ronald Reagan in 1980, which shifted the political landscape in favor of the Republicans for years to come. The influx of conservative Democrats into the Republican Party is often cited as a reason for the Republican Party's shift further to

9030-453: The party, but the name "Democratic Party" was eventually settled upon and became the official name in 1844. Members of the party are called "Democrats" or "Dems". The most common mascot symbol for the party has been the donkey, or jackass. Andrew Jackson 's enemies twisted his name to "jackass" as a term of ridicule regarding a stupid and stubborn animal. However, the Democrats liked the common-man implications and picked it up too, therefore

9135-561: The passage of the Civil Rights Act of 1964 and Voting Rights Act of 1965 , the Southern states became more reliably Republican in presidential politics, while Northeastern states became more reliably Democratic. Studies show that Southern whites, which were a core constituency in the Democratic Party, shifted to the Republican Party due to racial backlash and social conservatism . The election of President John F. Kennedy from Massachusetts in 1960 partially reflected this shift. In

9240-609: The post-holder is accountable for procurement success, and to become increasingly involved (directly via oversight or indirectly through improved collaboration) with the procurement function according to several research reports which have looked at the CFO's relationship with the procurement function and the CPO. CFOs and FDs often hold a professional accounting qualification - the CPA , CA , CMA , or CIMA - along with its requisite bachelors and/or masters in accounting . The certification

9345-401: The primaries . As of 2024, Democrats hold the presidency and a majority in the U.S. Senate , as well as 23 state governorships , 19 state legislatures , 17 state government trifectas , and the mayorships in the majority of the country's major cities. Three of the nine current U.S. Supreme Court justices were appointed by Democratic presidents. By registered members, the Democratic Party

9450-724: The removal of the Cherokees along the Trail of Tears . Opposing factions led by Henry Clay helped form the Whig Party. The Democratic Party had a small yet decisive advantage over the Whigs until the 1850s when the Whigs fell apart over the issue of slavery. In 1854, angry with the Kansas–Nebraska Act , anti-slavery Democrats left the party and joined Northern Whigs to form the Republican Party . Martin van Buren also helped found

9555-516: The right during the late 20th century as well as the shift of its base from the Northeast and Midwest to the South. With the ascendancy of the Republicans under Ronald Reagan, the Democrats searched for ways to respond yet were unable to succeed by running traditional candidates, such as former vice president and Democratic presidential nominee Walter Mondale and Massachusetts Governor Michael Dukakis , who lost to Reagan and George H.W. Bush in

9660-512: The same time, in calendar year 2007, the CFOC announced that for the second consecutive year, every major federal agency completed its Performance and Accountability Report just 25 days after the end of the fiscal year (2006). As per the provisions of Section 203 of Companies Act 2013 every publicly listed firm having a paid up share capital of Rs. 10 Crores or more is mandated to have a whole time chief financial officer, who must also serve as one of

9765-406: The symbol. The rooster symbol still appears on Oklahoma, Kentucky, Indiana, and West Virginia ballots . In New York, the Democratic ballot symbol is a five-pointed star. Although both major political parties (and many minor ones) use the traditional American colors of red, white, and blue in their marketing and representations, since election night 2000 blue has become the identifying color for

9870-474: The vote. Former Wall Street financier John Burnett was unopposed as the Republican candidate. Hesham El-Meligy, an independent candidate with the support of some Libertarians, was also a candidate for the office. Stringer won the general election with 80% of the vote, as Burnett had 17% of the vote, the Green Party 's Julia Willebrand had 2% of the vote, and El-Meligy had 0.5% of the vote. In 2017, there

9975-427: The world's oldest active political party. It was predominately built by Martin Van Buren , who assembled a wide cadre of politicians in every state behind Jackson. Since the nomination of William Jennings Bryan in 1896, the party has generally positioned itself to the left of the Republican Party on economic issues. Democrats have been more liberal on civil rights since 1948, although conservative factions within

10080-542: The world. The Great Depression in 1929 that began under Republican President Herbert Hoover and the Republican Congress set the stage for a more liberal government as the Democrats controlled the House of Representatives nearly uninterrupted from 1930 until 1994, the Senate for 44 of 48 years from 1930, and won most presidential elections until 1968. Franklin D. Roosevelt , elected to the presidency in 1932, came forth with federal government programs called

10185-473: Was barred from running for a third term by term limits . Notable candidates included State Senator Brian Benjamin , former US Marine Zach Iscol , City Councilmember Brad Lander , State Senator Kevin Parker , and State Assemblymember David Weprin . A number of other members of the New York City business and political communities also ran. Chief financial officer The CFO typically reports to

10290-591: Was composed of the Mayor of New York City, the comptroller, and the president of the New York City Council, each of whom was elected citywide and had four votes, and the five borough presidents , each having two votes, despite the differing population sizes of each borough. That construct was held by the US Supreme Court to violate the principle of one person, one vote . The Board of Estimate

10395-480: Was dominated by the interests of slave states until it split in 1860 over slavery . It won the presidency only twice between 1860 and 1912, although it won the popular vote two more times in that period. In the late 19th century, it continued to oppose high tariffs and had fierce internal debates on the gold standard . In the early 20th century, it partially (not all factions) supported progressive reforms and opposed imperialism , with Woodrow Wilson winning

10500-644: Was elected in 2021 . The comptroller is responsible for auditing the performance and finances of city agencies, making recommendations regarding proposed contracts, issuing reports on the state of the city economy, marketing and selling municipal bonds , and managing city debt. The Comptroller also "is the custodian and investment advisor to the Boards" of the five pension funds of the city, which are collectively referred to as "NYC Public Pension Funds" or "New York City pension funds". The funds collectively amounted to $ 240 billion in assets under management as of 2020,

10605-444: Was founded in 1828. Martin Van Buren of New York played the central role in building the coalition of state organizations that formed a new party as a vehicle to elect Andrew Jackson of Tennessee. The Democratic Party is the world's oldest active political party. It initially supported expansive presidential power , agrarianism , and geographical expansionism , while opposing a national bank and high tariffs . From 1848 it

10710-460: Was no Democratic primary for the position. Stringer faced Republican Michel Faulkner in the general election, and won, with 77% of the vote. The 2021 New York City Comptroller election consisted of Democratic and Republican primaries on June 22, 2021, followed by a general election on November 2, 2021. The primaries were the first Comptroller election primaries to use ranked-choice (instant-runoff) voting . Incumbent Comptroller Scott Stringer

10815-530: Was not able to see its passage. Kennedy's successor Lyndon B. Johnson was able to persuade the largely conservative Congress to pass the Civil Rights Act of 1964, and with a more progressive Congress in 1965 passed much of the Great Society , including Medicare and Medicaid , which consisted of an array of social programs designed to help the poor, sick, and elderly. Kennedy and Johnson's advocacy of civil rights further solidified black support for

10920-478: Was rocked by the Watergate scandal, which forced him to resign in 1974. He was succeeded by vice president Gerald Ford , who served a brief tenure. Watergate offered the Democrats an opportunity to recoup, and their nominee Jimmy Carter won the 1976 presidential election. With the initial support of evangelical Christian voters in the South, Carter was temporarily able to reunite the disparate factions within

11025-417: Was then abolished. In fiscal year 2019, the comptroller resolved 13,712 claims and lawsuits against New York City for $ 975 million. The Comptroller also issued 61 audits and special reports on the effectiveness and service quality of city programs, as well as on financial issues, identifying actual and potential revenue and savings. The Democratic nominee in the 2009 general election, John Liu , won 76% of

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