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State Comptroller Thomas P. DiNapoli and Richmond County D.A. Michael E. McMahon: President of Staten Island Special Needs Pre-School and Wife Indicted for Stealing Approximately $771,000 in Public Funds

… have been indicted on charges including Grand Larceny in the Second Degree, a class C Felony, Grand Larceny in the … public funds to purchase personal items including; landscaping for their home, car and insurance payments for … CFRs. Specifically, he claimed as program-related items: landscaping for his home ($18,936), car and insurance …

https://www.osc.ny.gov/press/releases/2018/01/state-comptroller-thomas-p-dinapoli-and-richmond-county-da-michael-e-mcmahon-president-staten-island

New York State Comptroller DiNapoli on NYC Executive Budget

… Executive Budget today, totaling $99.7 billion, allocating funds to newly announced agency initiatives and addressing a … in the Preliminary Budget released in February. The budget funds targeted investments across a variety of service areas, … Executive Budget today totaling $997 billion allocating funds to newly announced agency initiatives and addressing a …

https://www.osc.ny.gov/press/releases/2022/04/new-york-state-comptroller-dinapoli-nyc-executive-budget

Credit & OARS

… Program Eligibility: Credit, Opportunistic and ARS Current Strategies Private Credit Stressed / Special Situations Capital Shortages Equity Long Short Niche Strategies Direct Program Guidelines - Credit & Opportunistic Strategies Life-Cycle Stage: All, including Seed and Anchor …

https://www.osc.ny.gov/common-retirement-fund/emerging-manager/credit-and-oars

DiNapoli: New York State Pension Fund Expands List of Corporations That Disclose Political Spending

In 2016 the New York State Common Retirement Fund Fund reached agreements with six major corporations to voluntarily disclose their political spending New York State Comptroller Thomas P DiNapoli announced today

https://www.osc.ny.gov/press/releases/2016/07/dinapoli-new-york-state-pension-fund-expands-list-corporations-disclose-political-spending

DiNapoli: Town of Bennington Audit Leads to Arrest

… The clerk in the Wyoming County town of Bennington was … of the missing funds back into town accounts using cash she claimed to have in her home and that was found in a … in town hall. “It raises a red flag when we discover cash missing and suddenly the clerk is repaying the town,” …

https://www.osc.ny.gov/press/releases/2014/10/dinapoli-town-bennington-audit-leads-arrest

Medgar Evers College – Controls Over Bank Accounts

… is owned by CUNY. To pay for these purchases, tax levy funds were transferred into the account used to pay for them, … and $40,000 from CUNY auxiliary and student fees. These funds were not used for their intended purposes. Key … Strengthen the control environment to assure that funds are appropriately disbursed from bank accounts by: …

https://www.osc.ny.gov/state-agencies/audits/2016/06/03/medgar-evers-college-controls-over-bank-accounts

DiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020

… be in line with the previous year, with the Employees' Retirement System (ERS) getting a slight decrease and the … and ended the last fiscal year with a funded status of 98 percent, according to actuarial calculations. "Solid investment returns help keep …

https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020

Comptroller DiNapoli Releases State Audits

… Conservation (DEC): Collection and Use of Oil Spill Funds (2014-S-59) DEC generally collected all fees due the … and real estate rentals and found Legal Aid spent these funds appropriately. However, UCS overpaid Legal Aid $412,184 … appropriately reconcile fringe benefits at year end, moved funds in every non-personal services budget category without …

https://www.osc.ny.gov/press/releases/2015/09/comptroller-dinapoli-releases-state-audits

Comptroller DiNapoli and A.G. Schneiderman Announce Conviction of Florida Resident For Stealing $275k in NYS Pension Benefits

… plea and our recovery of $275,000 in stolen retirement funds. I thank Attorney General Schneiderman for partnering … us to find and prosecute those who steal public retirement funds.” “Theft from our state’s pension system is detrimental … July 31, 2014, totaling $276,721.24. Eletz accessed these funds from the joint account and liquidated all but $1,801.08 …

https://www.osc.ny.gov/press/releases/2015/09/comptroller-dinapoli-and-ag-schneiderman-announce-conviction-florida-resident-stealing-275k-nys

Administration of Contract C007373 With the Institute for Community Living

… fiscal controls to ensure that providers’ use of program funds is appropriate, allowable, and documented. Ensure ICL … Ensure that all service providers superintend contingency funds properly, including but not limited to requiring … separate tracking and reporting on spending and using such funds in compliance with program requirements. Other Related …

https://www.osc.ny.gov/state-agencies/audits/2016/12/30/administration-contract-c007373-institute-community-living

Comptroller DiNapoli Releases Municipal Audits

… to manipulate court records and admitted to embezzling funds. Geneva Housing Authority – Cash Receipts (Ontario … limit. Niagara County Court and Trust – Court and Trust Funds (Niagara County) The records maintained by the … no material discrepancies. However, auditors identified funds from 71 actions totaling $251,392 that improperly …

https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-municipal-audits-1

DiNapoli: Chipotle Needs to Address Concerns Over Racial Equity and Inclusion

… Retirement Fund is one of the largest public pension funds in the United States with assets of approximately … annual meeting on May 18 seeking their support for the Funds shareholder proposal …

https://www.osc.ny.gov/press/releases/2022/05/dinapoli-chipotle-needs-address-concerns-over-racial-equity-and-inclusion

DiNapoli: Chatham Police Chief Sentenced for Pension Double-Dipping

… Paul Czajka, and the New York State Police. “No one is above law, including Volkmann who, as the chief law … Attorney Paul Czajka said. "In doing so, he undermined much of the good he did in helping and providing assistance …

https://www.osc.ny.gov/press/releases/2021/07/dinapoli-chatham-police-chief-sentenced-pension-double-dipping

Comptroller DiNapoli Releases School District Audits

… and approved prior to payment. Auditors also found credit card claims, paid by wire transfers, were not audited and … fiscal years, ranging from 3.2 percentage points to 9.5 percentage points over the limit. True North Rochester … result, the district did not initially receive more than $5,500 in fees recorded as collected but not remitted by a …

https://www.osc.ny.gov/press/releases/2020/03/comptroller-dinapoli-releases-school-district-audits-0

IX.6.B OSC Draw Procedures – IX. Federal Grants

… Contract Modules within SFS to ensure reimbursement funds are drawn against the correct pool of funding in the … a deposit within SFS. On the following business day, funds are received by the bank. OSC BSAO then matches the … to process the drawdowns on the federal system. Once the funds are received, OSC BSAO will post the receipt. Guide …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6b-osc-draw-procedures

DiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections

… Tax collections for State Fiscal Year (SFY) 2021-22 totaled $121.1 billion — $3.3 billion higher than forecast by the Division of the Budget (DOB) in the Amended …

https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projections

DiNapoli Issues Analysis of 2021-22 Enacted State Budget

… $12.6 billion in fiscal relief to the state and additional funds for other programs to directly benefit New Yorkers. The … to districts. New programs, backed mostly by federal funds, include $2.4 billion for rent and homeowner relief, … not make any new deposits to statutory rainy day reserve funds, which remain at $2.5 billion. Despite a strong cash …

https://www.osc.ny.gov/press/releases/2021/04/dinapoli-issues-analysis-2021-22-enacted-state-budget

DiNapoli: Department of Environmental Conservation’s Operational Spending Declines as Responsibilities Grow

… other long-term assets. But spending from state operating funds, which pays for most of the agency’s regulatory and … to the increase in capital spending. FIGURE 1 - DEC All Funds and State Operating Funds Spending – SFY 2010-11 through SFY 2019-20 Source: New …

https://www.osc.ny.gov/press/releases/2021/01/dinapoli-department-environmental-conservations-operational-spending-declines-responsibilities-grow