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DiNapoli & NYC Make it Easier to Save for College

… to attend college. We're grateful to New York City and to NYC Kids RISE for their efforts to increase college … Office of the State Comptroller by the Mayor's Office and NYC Kids RISE. "The elimination of the minimum contribution … the Mayor's Office of Media and Entertainment and chair of NYC Kids RISE . "The NYC Kids RISE Save for College Program …

NYS Common Retirement Fund Reports First Quarter Results

… South Dakota and Tennessee. DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … three months and reflect a fraction of the Fund’s annual investment return. About the New York State Common Retirement …

Oversight of International Offices (Follow-Up)

… It was their belief that the combination of all these monitoring mechanisms allows ESD to keep adequate …

DiNapoli Announces Change in Leadership of State Pension Fund's Real Estate Advisory Committee

… investments for the state’s pension fund,” Peirez said. “My gratitude goes to Comptroller DiNapoli for appointing me … successfully expanded the portfolio and fund’s assets.” “My thanks to Comptroller DiNapoli for entrusting the … as we guide real estate investments in the years to come.” REAC consists of nine members appointed by the …

Comptroller DiNapoli Releases Municipal Audits

… The board did not develop and manage a comprehensive investment program to ensure interest earnings were … forecasts to estimate the amount of funds available for investment. Had officials invested available funds in a …

NYS Common Retirement Fund Reports First Quarter Results

… best funded in the nation. DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … three months and reflect a fraction of the Fund’s annual investment return. About the New York State Common Retirement …

Oversight of Select High-Technology Projects (Follow-Up)

… financial assistance to companies locating or expanding in New York. According to ESD officials, high-technology … Film Tax, and Life Sciences tax credits. In recent years, New York’s semiconductor sector has grown to include … the largest cleanroom facility in the nation. New York’s Green CHIPS program also offers up to $10 billion in economic …

State Comptroller DiNapoli Releases Municipal & School Audits

… University Preparatory Charter School for Young Men – Payroll (Monroe County) School officials did not always … employees or require adequate support for hours worked as payroll errors went undetected and resulted in unnecessary … Auditors reviewed policies and documents and examined payroll-related records for 25 of the 138 individuals …

Saranac Central School District – Investment Program (2023M-89)

Determine whether Saranac Central School District (District) officials developed and managed a comprehensive investment program.

Marathon Joint Fire District – Investment Program (2023M-76)

audit, marathon, fire district

Marketing Service Performance Monitoring

… conducts programs to promote travel, tourism, and business investment. In support of these programs, ESD awarded a … to evaluate the extent to which its $211.5 million planned investment has contributed toward achieving the purposes of … the State has received an appropriate return on its investment in these marketing services.  Key Recommendations …

DiNapoli Proposes Option to Help State & Local Governments Pay for Retiree Health Care

… While pension costs are pre-funded and invested to help pay for these future benefits, most governments, including … for retiree health insurance and instead fund it on a “pay-as-you-go” basis or out of pocket. The funding mechanism … but there is a real cost to doing nothing and leaving the bill for future generations of taxpayers to cover. The …

Comptrollers DiNapoli & Stringer Call on Corporations to Protect LGBT Rights Around World

… "We want our portfolio companies to protect our investment for the long haul, and that means ensuring that their strong … am confident that companies will find that taking a stand for what is right is also a way to protect the bottom line." … Comptroller Stringer said. "It is simply unacceptable for a corporation to fail to police its own site according to …

State Comptroller DiNapoli Releases Municipal & School Audits

… Board of Cooperative Services (BOCES) – Meals Provided at Meetings  BOCES officials did not adequately support meals provided at meetings were appropriate, which increased …

Management of Internal Controls

… Purpose To determine if the Board of Directors of the Fuller Road Management Corporation (FRMC) promoted internal controls that …

XIV.3 Investment of State Funds/Interest Earnings Distribution – XIV. Special Procedures

IX.12.F CMIA Interest Liabilities – IX. Federal Grants

… earnings) of funds. A federal interest liability (which the Federal Government pays to the state) accrues for … appropriation. Conversely, a state interest liability (which the state pays to the Federal Government) is recorded …

State Comptroller DiNapoli Releases Municipal Audit

… all projects prior to approval or monitor the performance of businesses that received financial benefits. Auditors …

DiNapoli: 529 College Savings Program Lowers Fees

… the  Direct Plan . The Vanguard Group, Inc., serves as the Investment Manager. Vanguard Marketing Corporation markets, … or by calling 877-NYSAVES (877-697-2837). This includes investment objectives, risks, charges, expenses, and other …

Office of the State Comptroller Response to Report Issued Today by the Department of Financial Services

… to the press. If the agency had reached out to our investment professionals, it would have known the aggressive …