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NYS Common Retirement Fund Reports Estimated First Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2022-23 … helped make it one of the best-funded public pension funds in the nation and it remains well-positioned to weather the … June 30, 2022, the Fund had 44.7% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsHousing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for CDBG and HOME (Follow-Up) (2023-F-42)
To determine the extent of implementation of the recommendation included in our initial audit report, Housing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Report 2021-S-10).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23f42.pdfDiNapoli: Former Le Roy Fire Department Treasurer Stole Nearly $50,000 in Public Funds
… Village of Le Roy (Genesee County) stole nearly $50,000 in public funds by pocketing cash, writing unauthorized … grand larceny (class D felony), 42 counts of forgery in the first degree (class C felony) and two counts of falsifying business records in the first degree (class E Felony). “This official …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-former-le-roy-fire-department-treasurer-stole-nearly-50000-public-fundsState Agencies Bulletin No. 1339
… Purpose To inform agencies that position pools in PayServ may require updates for SFS lapsing Overview Certain cost centers in SFS will be lapsing and will no longer be available for use in PayServ. OSC will provide a weekly spreadsheet of all … To inform agencies that position pools in PayServ may require updates for SFS lapsing …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1339-sfs-cost-centers-payserv-09152014-09302014-lapse-datesLong Island Workforce Housing Act (2015-MR-4)
… (Act) in 2008 for the purpose of making homeownership more affordable for the workforce in Nassau and Suffolk Counties. … Counties to set aside 10 percent of their housing units as affordable housing in approved developments with five or more … density maximum levels. Developers can build the affordable housing units in the approved development or in …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/01/08/long-island-workforce-housing-act-2015-mr-4Comptroller DiNapoli and Westchester County District Attorney: Former Croton-On-Hudson Village Fire Department Treasurer Pleads Guilty in Theft of Fire Department Funds
… department treasurer, has pleaded guilty to Grand Larceny in the Second Degree as a crime of Public Corruption, a class … the Croton-on-Hudson Fire Department. Munson, 64, appeared in Westchester County Court Wednesday before Judge Michael … Martinelli. At the time of his plea, he also paid $124,383 in restitution, added to the $25,000 he paid upon …
https://www.osc.ny.gov/press/releases/2018/09/comptroller-dinapoli-and-westchester-county-district-attorney-former-croton-hudson-village-fireDiNapoli Releases October State Cash Report
… of $38.4 billion were $14.4 million lower than projected in the most recent Financial Plan update, but more than $1.6 … than initially projected tax collections and billions in extraordinary settlement revenue,” DiNapoli said. “As the … maximize the benefits for New Yorkers. Recent improvements in the state’s financial position should not be compromised …
https://www.osc.ny.gov/press/releases/2014/11/dinapoli-releases-october-state-cash-reportDiNapoli: NYC DOE Faces Significant Challenges in Closing COVID Achievement Gap
… new risks, while failing to address existing risks, in the New York City Department of Education’s (DOE) budget, … students and families have been resilient and resourceful in the face of the challenges posed by the COVID-19 … 92% pre-pandemic, another factor driving learning losses. Every dropped percentage point represents more than 10,000 …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-nyc-doe-faces-significant-challenges-closing-covid-achievement-gapOpinion 90-48
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC CONTRACTS -- Lowest Responsible Bidder … of the contract in question after competitive bidding, we do not believe it would be appropriate for this Office to … investigation of, or an indictment against a contractor can provide a rational basis for a finding that a bidder is …
https://www.osc.ny.gov/legal-opinions/opinion-90-48DiNapoli: Better Reporting and Monitoring of NYC Capital Projects Needed
… environment, the city should monitor its capital spending in a more uniform and comprehensive manner so it can review funding expectations, prioritize where additional work is needed, and maximize the return on every capital dollar it spends.” The city is shifting from …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-better-reporting-and-monitoring-nyc-capital-projects-neededPractices Used by the Transit Adjudication Bureau to Collect and Account for Fines and Fees (Follow-Up)
… of implementation of the 11 recommendations included in our initial report, Practices Used by the Transit … and interest are added if the summons is not satisfied in a timely manner. From September 1, 2016 through August 31, … half the NOVs written are never fully collected. In addition, inaccurate information written on summonses, …
https://www.osc.ny.gov/state-agencies/audits/2019/03/07/practices-used-transit-adjudication-bureau-collect-and-account-fines-and-fees-followXIII.1 Employee Expense Reimbursement Overview – XIII. Employee Expense Reimbursement
… will be reimbursed through the Travel and Expense module in the Statewide Financial System (SFS). Employee expenses … Governor’s Office of Employee Relations (GOER) through a single pay voucher in the Accounts Payable module of the SFS. Refer to the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii1-employee-expense-reimbursement-overviewDiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… 40 people – many seniors – out of more than $10 million in a Ponzi scheme. "These defendants allegedly took advantage … of people who entrusted their financial futures to them in order to steal millions to fund other business enterprises … Service for their continued partnership and diligence in exposing this fraud." Matthew Eckstein, 48, of Syosset, …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationImproper Payments for Brand Name Drugs (Follow-Up)
… of implementation of the three recommendations contained in our initial audit report, Improper Payments for Brand Name … by directing pharmacies to “dispense as written” either in writing or electronically; otherwise, a generic drug … a monthly premium for each Medicaid recipient enrolled in their plans and the managed care organizations arrange for …
https://www.osc.ny.gov/state-agencies/audits/2024/07/03/improper-payments-brand-name-drugs-followWadsworth Center Environmental Laboratory Approval Program
… (ELAP) of the Wadsworth Center (Wadsworth) was established in 1984 and is responsible for the certification of … waste, and 4 for the analysis of medical marijuana (labs can be approved for more than one category). Key Findings We identified opportunities to improve documentation of …
https://www.osc.ny.gov/state-agencies/audits/2019/12/09/wadsworth-center-environmental-laboratory-approval-programDiNapoli: Rochester Woman Pleads Guilty to Stealing Deceased Mother’s Pension Payments and Pays Full Restitution of Nearly $13,000
… Rochester woman, pleaded guilty to stealing $12,973 in state pension payments sent to her mother, whose death had … State Comptroller’s Office and the New York State Police in this investigation that assisted in today’s resolution. The Monroe County District Attorney’s …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-rochester-woman-pleads-guilty-stealing-deceased-mothers-pension-payments-and-pays-fullOpinion 92-6
… or statutory amendments that bear on the issues discussed in the opinion. CONFLICTS OF INTEREST -- Family Relationships … GENERAL MUNICIPAL LAW, §§800[2],[3], 801, 803: A clerk in a town highway superintendent's office, whose duties … equipment to the clerk's spouse. You ask whether a clerk in the highway superintendent's office would have a conflict …
https://www.osc.ny.gov/legal-opinions/opinion-92-6DiNapoli Named Lead Plaintiff in Crowdstrike Shareholder Lawsuit
… Retirement Fund (Fund), has been appointed lead plaintiff in a securities fraud class action lawsuit filed against the … company’s failed software updates and resulting plummet in share value. “Crowdstrike misled investors by falsely … exposed after it caused one of the largest cyber-disasters in history leading to a worldwide shutdown and billions in …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-named-lead-plaintiff-crowdstrike-shareholder-lawsuitTuition Assistance Program – State Financial Aid Program at Barnard College
… students for State financial aid. Background Founded in 1889, Barnard College (Barnard) is a women’s liberal arts … near Columbia University, students at both schools can enroll in each school’s courses. Barnard offers … that were paid to the school on behalf of 572 students. We reviewed a sample of 100 randomly selected awards paid …
https://www.osc.ny.gov/state-agencies/audits/2015/08/03/tuition-assistance-program-state-financial-aid-program-barnard-collegeFranklin-Treadwell Fire District – Disbursements (2021M-16)
… without Board oversight. Aside from minor exceptions which we discussed with District officials, disbursements were … over electronic transfers to ensure no one person can both initiate and approve electronic transfers. District …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/05/21/franklin-treadwell-fire-district-disbursements-2021m-16