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Child Care and Development Block Grant – Federal Funding and New York
… child care assistance to low-income working families. Funds are provided to the state, which then distributes … and have family assets that do not exceed $1 million. Funds to New York City As of the City’s latest projections … Children’s Services (ACS) with about $125 million of those funds allocated to Department of Education (DOE). A small …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/child-care-and-development-block-grantDiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… has been slow when it comes to using some federal relief funds earmarked to alleviate the state’s affordable housing … and its local program administrators, the distribution of funds has been delayed, putting some of the funding at risk. … Because there is a deadline on using federal COVID-19 funds, delays in allocating it to specific housing projects …
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
… Fund (Fund) come from three main sources of incoming funds: investment income, employee or member contributions … Fund’s assets and compare the value of those assets to the funds needed to pay current and future benefits. The …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureLaFayette Central School District – Reserves (2013M-387)
… $19.4 million. Key Findings Four of the five reserve funds in the District were not formally established. However, since the Board funded these reserve funds over multiple fiscal years, they can be considered de facto reserve funds. The District did not have a plan for funding several …
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)
… Purpose of Audit The purpose of our audit was to review the financial condition of the City’s general, water and sewer funds for the period January 1, 2008, to December … York. The City Council, consisting of five members, has overall responsibility for the City’s operations. The City’s …
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
… today by New York State Comptroller Thomas P. DiNapoli. In spite of higher than anticipated spending, the General … and settlement revenue is boosting state coffers. In the short term the state’s fiscal outlook is positive.” … reflecting lower Personal Income Tax (PIT) collections in April. Since then, tax growth has generally been …
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)
… our audit was to review the District’s multiyear planning for the period July 1, 2014 through March 23, 2016. … nine-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year totaled approximately $31.46 … details regarding the anticipated use of reserve funds for a five-year period but this plan does not include …
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
… or are appropriated.” Temporary Loans and Agency Requests for Interest Earnings Each year the Enacted Budget includes new authorization for temporary loans in specific funds listed in Article VII … the state department or division responsible for such fund/account within thirty days of the beginning of each fiscal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earningsMonroe County - Financial Condition (2018M-179)
… or .13 percent of gross expenditures, after $12.4 million in one-time increases that are unlikely to recur. The County relied on $65 million in revenue anticipation notes and $30.85 million in reported general fund interfund advances to cover deficit …
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)
Determine whether the Board adequately managed the Towns financial condition and received accurate financial reports to help it do so
https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-parish-financial-condition-and-supervisors-records-2019m-58DiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities
… DiNapoli announced that the Fund has sent them to its top 100 public equity holdings to ensure their awareness of these …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-prioritiesReview of Advance Contract Payments
… Recover overpayments as appropriate. Implement a policy for new contracts of only sending advance payments when …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsTown of Big Flats – Financial Management (2013M-170)
… procedures, to govern the level of unexpended surplus funds maintained. As a result of the flawed budget process, … excess unrestricted fund balances in the general and water funds. The general fund’s excess unrestricted fund balance is … balance policy governing the level of unexpended surplus funds to be maintained in the Town’s operating funds and …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-big-flats-financial-management-2013m-170State Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… investments are key to our future,” DiNapoli said. “Our pension fund has long-supported climate aware strategies, and … from the Fund’s existing index holdings. “Forward-thinking pension funds like the New York State Common Retirement Fund … retirement security of its more than one million members, retirees and beneficiaries from more than 3,000 state and …
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
… The Fund's value reflects retirement and death benefits of $14.7 billion paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement and mortality. …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnTown of Hartwick – Financial Condition (2013M-118)
… Town’s budgeted appropriations for the 2013 fiscal year are $657,386 for the general fund, $755,306 for the highway … Town officials should ensure that the financial records are accurate and up to date, and should request and review …
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
… 31, 2024. The Fund closed the year with an estimated value of $267.7 billion. “Strong performances across asset classes … paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement, and mortality. …
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
… (Fund) investment return was 9.51% for the state fiscal year that ended March 31, 2022. The return on investments … state pension fund’s diverse investments, it finished the year above our assumed rate of return,” DiNapoli said. … death benefits of $14.7 billion paid out during the fiscal year. Employer contribution rates are determined by …
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
… according to Pew Charitable Trusts. The New York State and Local Retirement System (NYSLRS) provides retirement security to more than one million active state and local government employees, retirees and their beneficiaries. … Equities 3.03% 5.3% TIPS* 2.76% 4.0% Absolute Return Strategies 2.07% 2.5% Non-Core Fixed Income 3.92% 2.0% Cash …
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
… New York State Comptroller Thomas P. DiNapoli announced today that the New York State Common Retirement Fund (Fund) has committed an … $500 million allocation to Artemis Real Estate Partners for real estate investments, an additional $300 million …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-program