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Tioga Central School District – Cash Management (2020M-83)
… did not develop and manage a comprehensive investment program or comply with the District’s investment policy. Had …
https://www.osc.ny.gov/local-government/audits/school-district/2020/11/13/tioga-central-school-district-cash-management-2020m-83Investment Standards
… investment standards for investments of the New York State college choice tuition savings program and the New York … 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-standardsPembroke Central School District - Investment Program (2023M-130)
Determine whether Pembroke Central School District District officials developed and managed a comprehensive investment program
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)
… Objective Determine whether Village of Greene (Village) officials developed and managed a comprehensive investment program. Key Findings Village officials developed a comprehensive investment program but … average daily balance of approximately $3.7 million. Had officials considered other legally permissible investment …
https://www.osc.ny.gov/local-government/audits/village/2023/12/01/village-greene-investment-program-2023m-112Schenectady County – Investment Program (2025M-5)
… audit period, the County maintained an average available for investment balance of $134.9 million among three bank accounts earning from no interest to 2.8 percent interest. Audit Summary While the County’s … seven times lower than the interest rate (monthly average 2.8 percent) of another money market account the County had …
https://www.osc.ny.gov/local-government/audits/county/2025/08/08/schenectady-county-investment-program-2025m-5Greenville Fire District – Investment Program (2023M-106)
… Develop written procedures for the investment program’s operation consistent with the District’s investment policy …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/12/29/greenville-fire-district-investment-program-2023m-106Investment Advisory Committee
… Investment Advisory Committee advises the Comptroller on general investment issues. The Investment Advisory Committee … appointed by the Comptroller advises the Comptroller on general investment issues …
https://www.osc.ny.gov/common-retirement-fund/resources/investment-advisory-committeeState Comptroller DiNapoli Releases Municipal & School Audits
… $12,600 more had officials used other available investment options. Officials did not consider other legally permissible investment options or formally solicit interest rate quotes that may … (SED) approval. In addition, if officials do not properly file the aid applications with SED, taxpayers will also not …
https://www.osc.ny.gov/press/releases/2023/10/state-comptroller-dinapoli-releases-municipal-school-audits-1Saranac Central School District – Investment Program (2023M-89)
… Central School District (District) officials developed and managed a comprehensive investment program. Key Findings District officials did not develop and manage a comprehensive investment program. During the … the District had an average of $12.4 million in operating and debt service funds available for investing, and earned …
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)
… managed a comprehensive investment program. Key Findings The Board of Education (Board) and District officials did not … of District funds. Prepare monthly cash flow forecasts to estimate funds available for investment. Formally solicit … The audit report includes four recommendations to help improve the District’s investment program. Except as …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/30/hammondsport-central-school-district-investment-program-2024m-63Port Ewen Fire District – Financial Management (2024M-157)
Determine whether the Port Ewen Fire Districts District Board of Fire Commissioners Board properly managed the Districts financial operations
https://www.osc.ny.gov/local-government/audits/fire-district/2025/10/03/port-ewen-fire-district-financial-management-2024m-157Hamilton Fulton Montgomery Board of Cooperative Educational Services – Investment Program (2023M-116)
… Services (BOCES) officials developed and managed a comprehensive investment program. Key Findings BOCES … funds in financial institutions that offered a competitive yield. Prepare monthly cash flow forecasts to monitor and … available funds. BOCES officials generally agreed with our recommendations and indicated they planned to …
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)
… complete report – pdf] Audit Objective Determine whether Marathon Joint Fire District (District) officials developed … audit marathon fire district …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/10/20/marathon-joint-fire-district-investment-program-2023m-76Beekmantown Fire District No. 1 – Investment Program (2025M-69)
… services. For example, when officials actively solicit interest rate quotes and consider various investment options, in place of basic savings or checking accounts, they may earn more investment … financial institution in a noninterest-bearing checking account and a savings account and had an average of …
https://www.osc.ny.gov/local-government/audits/fire-district/2026/02/13/beekmantown-fire-district-no-1-investment-program-2025m-69Village of Corinth – Investment Program (2023M-146)
… the Village may have earned an additional $148,755 in interest earnings. Village officials did not: Solicit interest rate quotes or prepare monthly cash flow forecasts. Consider … monthly cash flow forecasts to estimate available funds for investment, monitor investments and periodically solicit …
https://www.osc.ny.gov/local-government/audits/village/2024/04/05/village-corinth-investment-program-2023m-146Lansing Fire District – Investment Program (2023M-62)
… (District) officials developed and managed a comprehensive investment program. Key Findings District officials did not develop and manage a comprehensive investment program. The Board of Fire Commissioners (Board) did not develop and adopt a comprehensive written investment policy as required by New York State General …
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
… February 10, 2021 About the Conference The Emerging Manager & MWBE Conference is an opportunity for attendees to … better understanding of the Fund's investment process and manager selection. Small breakout sessions, while virtual, … P. DiNapoli welcomes attendees to the 14th Annual Emerging Manager & MWBE Conference. Speaker Thomas P. DiNapoli New …
https://www.osc.ny.gov/common-retirement-fund/emerging-manager/14-annual-conferencePiseco Common School District – Authorized Investments (2023M-172)
… requirements. Key Findings District officials did not invest in accordance with statutory requirements. As a …
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 diversify the Fund’s investments and expand its pool … Fund Fund has committed an additional $12 billion to its emerging manager program increasing the total …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programFund's Mission, Values and Investment Philosophy
… We believe that asset allocation is the single largest driver of our performance and risk profile. Our asset …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophy