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Fund's Mission, Values and Investment Philosophy
… for ethics and investment management. Core values We commit to living these values every day: Performance We … risk to generate stronger long-term performance and only do so where we are compensated by expected return. We … long-run means over time and that this is reflected in the mean reversion of asset class risk premia over the long-run. …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyArchived: Legislative Session 2021–2022
… competitive negotiation concluding with a best and final offer; clarifying the use of best and final offers for invitations for bids and requests for …
https://www.osc.ny.gov/legislation/archived-legislative-session-2021-2022NYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… billion the Fund’s allocation to sustainable investment strategies over the next decade. About the New York State …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesDiNapoli Releases Climate Action Plan
… manager evaluation to better assess the climate-related strategies of the Fund’s managers; and Encourage index … investment manager expertise to assess sectors that face high risks from climate change and to create minimum …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-releases-climate-action-planVillage of West Hampton Dunes – Financial Operations (2013M-390)
… are not ensuring that these services are obtained at the best possible price. Key Recommendations File annual …
https://www.osc.ny.gov/local-government/audits/village/2014/08/08/village-west-hampton-dunes-financial-operations-2013m-390Lansing Central School District – Procurement (2021M-213)
… officials may have saved at least $3,700 on fuel costs by using a State contract. Key Recommendations Update the … goods and services to State contracts and contracts bid by other governments. District officials generally agreed …
https://www.osc.ny.gov/local-government/audits/school-district/2022/05/27/lansing-central-school-district-procurement-2021m-213County of Otsego Industrial Development Agency (COIDA) – Oneonta Rail Yards Acquisition (2021M-38)
… yard and be profitable. The Board decided this was not in County residents’ best interest due to cost and environmental factors. A lack of investment in the County’s infrastructure and economic development, and …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2022/02/11/county-otsego-industrial-development-agency-coida-oneontaPanama Central School District – Procurement (2024M-73)
… and services in a prudent and economical manner, in the best interests of taxpayers and that procurements were not …
https://www.osc.ny.gov/local-government/audits/school-district/2024/09/27/panama-central-school-district-procurement-2024m-73Greece Central School District – Procurement of Professional Services (2024M-129)
Determine whether the Greece Central School District District Board of Education Board and District officials sought competition for the procurement of professional services
https://www.osc.ny.gov/local-government/audits/school-district/2025/01/31/greece-central-school-district-procurement-professional-services-2024mDiNapoli Seeks Increased Diversity at Pension Fund's Portfolio Companies
… New York State Comptroller Thomas P. DiNapoli today announced a … co-filed two of the shareholder proposals on behalf of the NYC Retirement Systems. “As shareholders, we believe that it … a shareholder proposal seeking an independent audit of the company’s practices related to civil rights, racial equity, …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-seeks-increased-diversity-pension-funds-portfolio-companiesXIII.2.A Expense Report Mandatory Header Fields – XIII. Employee Expense Reimbursement
… is accessible from the SFS home page after logging in with your SFS user ID and password. Mandatory Fields – …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii2a-expense-report-mandatory-header-fieldsState Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… said. “Our pension fund has long-supported climate aware strategies, and this expansion of our commitment offers a … “As a long-term investor we are very interested in strategies that manage risk, and there is no question that … and work to avoid environmental damage or harm to the communities in which they operate, are more likely to produce …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futureCost-Saving Ideas: Establishing an Effective Fleet Management System
… may require more frequent and costly maintenance than new vehicles. A real life example follows: A county was faced … the choice of either purchasing used mid-sized vehicles or new compact models for use by departmental staff. The used … need a cost analysis based on total costs to determine the best option based on the local government's needs. Updated …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-establishing-effective-fleet-management-systemNewark Valley Central School District – Procurement (2022M-60)
… used a competitive process to procure goods and services not subject to competitive bidding. Key Findings District … totaling $44,401. Compare billed prices to the awarded contract prices and overpaid for cleaning supplies by $1,532. As a result of our audit, officials obtained a …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/24/newark-valley-central-school-district-procurement-2022m-60Review of Growe Technologies Inc.
… Downstate conducted an appropriate procurement under contract TQ00015 for the services provided by Growe and paid reasonable prices for those services. Background In January 2009 through … the decision to use the non-competitive contract was based on unsupported claims from Downstate officials. Key …
https://www.osc.ny.gov/state-agencies/audits/2016/02/19/review-growe-technologies-incVIII.1.B Revenue Transfers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… not less than once a month to the correct account code(s). Correction of cash receipt posting errors For transactions …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1b-revenue-transfersGorham-Middlesex Central School District – Multiyear Planning (2016M-177)
… statutorily allowed transfers between reserve funds to best align funds with long-term needs and/or use the funds to …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/gorham-middlesex-central-school-district-multiyear-planning-2016m-177Village of Skaneateles – Claims Auditing (2024M-68)
… totaling approximately $2 million, 206 claims totaling about $1.3 million had one or more exceptions. The Board did …
https://www.osc.ny.gov/local-government/audits/village/2024/09/06/village-skaneateles-claims-auditing-2024m-68DiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… globally. As a long-term investor, we want the companies in our portfolio to demonstrate a commitment to … by the Paris Climate Agreement , and issue a report in 2018 on any plans to achieve these targets. Corporate … Disclosure Project) identified the largest GHG emitters in the Fund’s portfolio. The Fund already has ongoing …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsDiNapoli: Audit Reveals Hiring and Budgeting Problems in Brentwood School District
… as reserve funds that surpassed board-approved amounts and have gone unused, according to an audit released today by … actions that ignored district policy, most notably in the search for a new superintendent. “This audit revealed … to district policies and best practices, whether it be when putting together the annual budget or hiring new …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-reveals-hiring-and-budgeting-problems-brentwood-school-district