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Pembroke Central School District - Investment Program (2023M-130)
… earned investment earnings totaling over $153,000 from money on deposit in its 15 bank accounts at two financial … and re-adopt the investment policy as required by New York State General Municipal Law (GML) Section 39. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/19/pembroke-central-school-district-investment-program-2023m-130Village of Greene – Investment Program (2023M-112)
… (Village) officials developed and managed a comprehensive investment program. Key Findings Village officials developed a comprehensive investment program but did not effectively manage the … Had officials considered other legally permissible investment options, the Village may have earned approximately …
https://www.osc.ny.gov/local-government/audits/village/2023/12/01/village-greene-investment-program-2023m-112Tioga Central School District – Cash Management (2020M-83)
… the District’s interest earnings could have increased by $215,120. Key Recommendations Prepare monthly cash flow …
https://www.osc.ny.gov/local-government/audits/school-district/2020/11/13/tioga-central-school-district-cash-management-2020m-83Greenville Fire District – Investment Program (2023M-106)
… [read complete report – pdf] Audit Objective To determine whether Greenville Fire District (District) … earned. Officials did not: Develop investment procedures to convey management’s expectations for managing the …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/12/29/greenville-fire-district-investment-program-2023m-106Investment Advisory Committee
… The Investment Advisory Committee is appointed by the Comptroller pursuant to Section 423 of the New York … on the proposed asset allocation plan developed by the Chief Investment Officer after the completion of an … Enterprise Asset Management … The committee appointed by the Comptroller advises the Comptroller on general …
https://www.osc.ny.gov/common-retirement-fund/resources/investment-advisory-committeeState Comptroller DiNapoli Releases Municipal & School Audits
… Thomas P. DiNapoli today announced the following local government and school audits were issued. Marathon Joint Fire … Thomas P DiNapoli today announced the following local government and school audits were issued …
https://www.osc.ny.gov/press/releases/2023/10/state-comptroller-dinapoli-releases-municipal-school-audits-1Saranac Central School District – Investment Program (2023M-89)
… million in operating and debt service funds available for investing, and earned $154,099 in investment earnings. … monthly cash flow forecasts to estimate funds available for investment. Key Recommendations Prepare monthly cash … flow forecasts that estimate the amount of funds available for investment. Consider all four objectives of a …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-investment-program-2023m-89Hammondsport Central School District – Investment Program (2024M-63)
… the District’s investment program. Except as noted in Appendix A, District officials generally agreed with our recommendations. Appendix B includes our comments on the District’s response. …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/30/hammondsport-central-school-district-investment-program-2024m-63Hamilton Fulton Montgomery Board of Cooperative Educational Services – Investment Program (2023M-116)
… the 12-month audit period, BOCES held $7.4 million in money market accounts and earned interest totaling $105,000, … not: Adopt a comprehensive investment policy as required by General Municipal Law (GML) Section 39. Solicit interest …
https://www.osc.ny.gov/local-government/audits/boces/2023/12/22/hamilton-fulton-montgomery-board-cooperative-educational-services-investmentMarathon Joint Fire District – Investment Program (2023M-76)
… solicit interest rate quotes that may have resulted in higher interest earnings. As a result of our audit, the Board subsequently approved an investment policy in March 2023 and invested $653,000 into an investment fund …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/10/20/marathon-joint-fire-district-investment-program-2023m-76Village of Corinth – Investment Program (2023M-146)
… the 12-month audit period, the Village earned $1,516 from money on deposit in the Village’s two checking accounts, …
https://www.osc.ny.gov/local-government/audits/village/2024/04/05/village-corinth-investment-program-2023m-146Lansing Fire District – Investment Program (2023M-62)
… agreed with our findings and indicated they have begun to initiate corrective action. … audit lansing fire district …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/09/01/lansing-fire-district-investment-program-2023m-6214th Annual Emerging Manager & MWBE Conference
… State Thomas P. DiNapoli welcomes attendees to the 14th Annual Emerging Manager & MWBE Conference. Speaker Thomas P. … State Common Retirement Fund, the third largest public pension fund in the nation. His prudent management and focus … benefit fund and a $5.0 billiondollar defined contribution plan on behalf of 156,000 beneficiaries. In this position, …
https://www.osc.ny.gov/common-retirement-fund/emerging-manager/14-annual-conferencePiseco Common School District – Authorized Investments (2023M-172)
… requirements. As a result, District investments were at an increased risk of loss. District officials did not …
https://www.osc.ny.gov/local-government/audits/school-district/2024/03/15/piseco-common-school-district-authorized-investments-2023m-172DiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… Fund (Fund) has committed an additional $1.2 billion to its emerging manager program, increasing the total commitment to more than $5 billion. The program is designed to help … Fund New York State Comptroller Thomas P. DiNapoli is trustee of the $176.8 billion New York State Common …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programComptroller's NYS Common Retirement Fund Responsibilities
… throughout its portfolio of investments by expanding the pension fund’s Emerging Manager Program into each of the …
https://www.osc.ny.gov/common-retirement-fund/responsibilitiesDryden Central School District - Cash Management (2020M-61)
… manage a comprehensive investment program. Prepare monthly cash flow forecasts to estimate available funds for …
https://www.osc.ny.gov/local-government/audits/school-district/2020/08/28/dryden-central-school-district-cash-management-2020m-61XVI.4.A Cash and Investments – XVI. Financial Reporting
… Section I50 – Investments ) most recently updated by GASB Statement No. 72 - Fair Value Measurement and … credit quality ratings of external investment pools, money market funds, bond mutual funds, and other pooled … department or agent but not in the depositor-government’s name. A government is exposed to custodial credit risk if it …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsInvestment Standards
… to investment standards for investments of the New York State college choice tuition savings program and the New York … to investment standards for investments of the New York State college choice tuition savings program and the New York …
https://www.osc.ny.gov/legislation/investment-standards