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DiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… to using some federal relief funds earmarked to alleviate the state’s affordable housing crisis, according to an audit … P. DiNapoli. The audit found that, under the management of Homes and Community Renewal (HCR) and its local program … in the form of grants, to local program administrators, which HCR oversees to make sure they use the money in ways …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingThe Big Picture – What Every Employer Should Know
… The Retirement and Social Security Law (RSSL) establishes benefits for members and the benefit options employers can choose for their … assets available to pay for those benefits. Sources of Income for the Common Retirement Fund The assets of the …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureLaFayette Central School District – Reserves (2013M-387)
… funds over multiple fiscal years, they can be considered de facto reserve funds. The District did not have a plan for … or funding reserves. Take remedial action to ratify the de facto reserves by adopting appropriate resolutions. Adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/lafayette-central-school-district-reserves-2013m-387City of Saratoga Springs – Financial Condition (2012M-201)
… financial condition of the City’s general, water and sewer funds for the period January 1, 2008, to December 31, 2011. … Also, while the financial condition of the water and sewer funds has improved during our audit period, the water fund … did not address cash flow problems in the water and sewer funds. Instead, the Council routinely relied on increasing …
https://www.osc.ny.gov/local-government/audits/city/2013/02/15/city-saratoga-springs-financial-condition-2012m-201DiNapoli Releases Mid-Year State Cash Report and Review
… the first half of the fiscal year increased 5.9 percent, or just over $4 billion, compared to last year, largely due … Tax collections declined 0.6 percent year-over-year, or $216.4 million, primarily reflecting lower Personal Income … the fiscal year was up by 4.2 percent from a year earlier, or $2.7 billion, primarily because of Medicaid, school aid …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-releases-mid-year-state-cash-report-and-reviewGorham-Middlesex Central School District – Multiyear Planning (2016M-177)
… have not prepared a formal analysis of reserve funds based on the District’s projected needs, as required by the reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/gorham-middlesex-central-school-district-multiyear-planning-2016m-177XIV.3.C Distribution of STIP Investment Earnings – XIV. Special Procedures
… Interest Earnings Each year the Enacted Budget includes new authorization for temporary loans in specific funds … REV. 03/22/2021 … Each year the Enacted Budget includes new authorization for temporary loans in specific funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earningsMonroe County - Financial Condition (2018M-179)
… $12.4 million in one-time increases that are unlikely to recur. The County relied on $65 million in revenue … $30.85 million in reported general fund interfund advances to cover deficit cash balances in 2017. The County does not have sufficient general fund balance to mitigate significant revenue shortages or unanticipated …
https://www.osc.ny.gov/local-government/audits/county/2018/12/07/monroe-county-financial-condition-2018m-179Town of Parish - Financial Condition and Supervisor's Records (2019M-58)
… fund balances in its highway funds of over $1.1 million at the end of 2017. When combined together, the general and …
https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-parish-financial-condition-and-supervisors-records-2019m-58Review of Advance Contract Payments
… 2012 through July 2018. We selected 13 contracts valued at $224,000 where the contractors received only an initial … did not obtain any reports from the 13 contractors at the time of our review even though the contracts had …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsTown of Big Flats – Financial Management (2013M-170)
… Purpose of Audit The purpose of our audit was to review the Town’s financial management … of the flawed budget process, the Town has accumulated excess unrestricted fund balances in the general and water …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-big-flats-financial-management-2013m-170DiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities
… plan that failed in the previous year’s “say on pay” vote. To provide transparency around the Fund’s voting, …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-prioritiesState Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… New York State Comptroller Thomas P. DiNapoli today announced an investment strategy that will raise the New York Common Retirement Fund’s (Fund) commitment to …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futureDiNapoli: State Pension Fund Releases Annual Investment Return
… today announced that the New York State Common Retirement Fund’s (Fund) investment return was -4.14% for the state … have been trying for investors, but thanks to the state pension fund’s diverse investments, members, retirees and … long-term expected rate of return is 5.9%. The Fund’s annual valuation date is tied to the state fiscal year. The …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnTown of Hartwick – Financial Condition (2013M-118)
… Board properly monitored the Town’s financial operations for the period January 1, 2012, to March 8, 2013. Background … who governs the Town. The Town’s budgeted appropriations for the 2013 fiscal year are $657,386 for the general fund, $755,306 for the highway fund, $155,794 …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-hartwick-financial-condition-2013m-118DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… was 11.55% for the state fiscal year that ended March 31, 2024. The Fund closed the year with an estimated value of … consistently pay their contributions. As of March 31, 2024, the Fund had 42.85% of its assets invested in publicly … and real assets (12.77%) and credit, absolute return strategies and opportunistic alternatives (7.52%). The …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… been the state and local governments, which consistently pay their contributions. As of March 31, 2022, the Fund had … than one million state and local government employees and retirees and their beneficiaries. It has consistently been ranked as one of the best managed and best funded plans in the nation. … New York State Comptroller …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnDiNapoli: State Pension Fund Value $210.2 Billion
… than $1 billion in benefits payments a month. Employer contribution rates are determined by investment results over … value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… investment managers who want to do business with the state pension fund,”said DiNapoli. “The recent $1.2 billion in … investment platform. The Fund is one of a few public pension funds in the country to establish an emerging manager … State Common Retirement Fund, the third largest public pension plan in the United States with more than one million …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programVillage of Round Lake – Budgeting Practices and Financial Condition (2015M-26)
… a population of approximately 620. The Village is governed by an elected five-member Board of Trustees. Budgeted …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-round-lake-budgeting-practices-and-financial-condition-2015m-26